Business
An Open Letter to President Muhammadu Buhari written by Barr.Whyte Habeeb
DEAR PRESIDENT MUHAMMADU BUHARI
I would be right to say that you were elected because we got tired with lying and looting personnel in the realm of governance. Our country desperately needs an honest leader at that period. To the glory of God, we got you and our criticism of you should be to avoid the mistakes of GEJ days. As much as we cannot afford a stray administration, we want you to know that we all know that change is not just a word, and it takes collective action. I would not join the bandwagon of those that assume that criticizing a shortcoming of your administration is an expression of regret for ever supporting you. Of course, we must do criticism but what our government needs as at now is criticism that is founded on intellectualism devoid of bigotry, hatred or ethnic sentiments.
Mr. President, I must say as a matter of obvious fact that you are not winning the war against corruption. We have heard various persons been arrested and money been recovered. If am not mistaken, money recovered and money returned willingly by indicted persons its to a tune of millions of dollars. The money with all due respect has had no single impact in our economy. I do not know if the money retrieved are been kept for another purpose or to be added to the little in our foreign reserve. Sir, it would be good if these monies are pumped into the economy. The monies could be used to run bigger part of the 2016 budget that is not working effectively well. I want to say again that the war against corruption which happens to be the focus priority of your administration would be better appreciated if it is brought down to the local levels. Mr. President, I must say that as at now in Nigeria, the rate at which young Nigerians drops out of school to do illegal things to make money is alarming. At first, we thought it would be reduced to the bearest level but sir, the corruption fight is not felt at this level at all. Education should be a priority of young Nigerians not the compulsory money must be made by all means attitude. If this government is truly working and winning the fight against corruption, we should not be having large numbers of our youths involving internet fraud, robbery and kidnapping.
Sir, I am afraid of what tomorrow holds for this country especially the rate at which our youths are making it big illegally. I wonder if at the age of your retirement from office, what persons would you be seeing managing the affairs of the country. The various fraudsters that the anti corruption war did not catch up with? Please think about this sir. I must say that the security personnel and the financial institutions are also aiding young Nigerians in this regard. This is the bitter truth your Excellency. If truly you think you are winning the war, you are not anyway close to it sir.
Sir, I want to tell you that your Ministers are not performing to expectation at all. We all assumed that they would best fit into their various portfolios.
However, the reverse is the case. Sir, a change in your cabinet setting would not be a bad idea at all. It would rather be a blessing to Nigerians and to your esteem person as the President of the Federal Republic of Nigeria. I know that over time in the Nigeria Ministerial appointment is basically on the basis of compensation to political allies that have performed or under performed in their various political leadership settings. When these politicians that are Ministers do not give us the right qualities demanded from the various offices they held, I think the best thing to do is to reshuffle the cabinet. I remember the good days of Olusegun Obasanjo, he brought the then Mallam El-Rufai who changed the face of Abuja. He also brought in the likes of Ngozi Okonjo Iweala, Madam Obiageli Ezekweseli and the host of others. I must point out categorically that these persons were not product of politics as at the time they were appointed by the then President. They were technocrats and professionals who have a mastery of their various disciplines. They indeed created an impact in Nigeria’s governance.
In fact, they were fantastic and Nigerians can testify to that. In essence sir, you need professionals that can handle the economy well. You would agree with me that Akinwunmi Adesina of the Goodluck Jonathan’s administration stood out as the best performing Minister. Adesina was a professional during his appointment and not a politician. He brought his skills and he changed the agriculture sector of the Nigerian economy. You need people like this. You don’t need persons that keep telling or reminding Nigerians that the last administration is the cause of their inefficiencies. That excuse is not tenable anywhere in the world. Some of the present crops of Ministers need to be relieved of their duty for the sake of reviving Nigeria. The needful must be done in this regard.
To wrap this up sir, I quickly want to address the issue of the sale of our National Assets. The only excuse that has been given for the sale of some of these assets is that your administration needs money to run the 2016 budget. Sir, I find this barbaric because this is barely four months to the end of 2016. As you can see that from the beginning of this year, we had no budget running the affairs of this country and Nigerians are surviving through the grace of God. This is not really the kind of change we voted for neither is it the one we wished for. It seems to me sir that some of your advisers do not understand the current economic issues. They are too quick to mix the reality and the fiction of their economic mindset together. Sir, how can the sale of our national assets address economic recession? Sale of our national assets can only address the issue of inefficiencies in the way we manage the performance of these assets and ultimately unlocking the value of these assets in the long run. The benefit of the sale will not come in the short-term. If by any means, the supposed cash flows and value that would be realized are already impaired by our current economic and political realities. Hence your Excellency, the sale of non performing national assets, not assets like NLNG, should be done when we have positive economic indicators and the right economic framework.
Your Excellency, I would be glad if you consider to do the needful on all issued raised. It is important and a matter of fact urgent. Don’t allow self centered people that are in your government destroy this country. Where boasting ends, their dignity begins.
Thanks.
( is a Lawyer, United Nations Award winner, Africa International Arbitration Award winner, Coca cola/ The Nation Campuslife Award Winner, Promasidor Runner-up for the Best Future Writer in Nigeria, i-Hustle Campaign Initiative Ambassador and Editor Egba Youth Awards Foundation.
Email: [email protected]
@whytehabeeb
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.
But that narrative is quietly changing. Thanks to FirstBank.
The N1 Trillion Intervention Reshaping Access
In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.
Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.
9.75% Interest Rate in a 30% Lending Environment
MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.
Built for Salary Earners, Entrepreneurs and the Diaspora
The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.
Taking the First Step
For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?
Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.
The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.
The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.
Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.
“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”
The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.
Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
By George Omagbemi Sylvester | Published by SaharaWeeklyNG
“Nigeria insulated from international fuel shocks as Dangote Petroleum commits to uninterrupted local delivery.”
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to prioritising the domestic market, pledging to shield Nigerians from the ripple effects of ongoing global energy disruptions. The assurance, delivered in Lagos on 5 March 2026, comes as international refinery operations experience shutdowns or reduced output due to escalating Middle East geopolitical tensions, which have sent crude oil and petroleum product prices soaring worldwide.
“Our mandate remains clear: Nigeria’s local market takes precedence. In times of global supply shocks, we will continue to ensure that domestic availability of petrol, diesel, and kerosene is uninterrupted,” said Mr. Folorunsho Alakija, spokesperson for Dangote Petroleum Refinery.
The refinery’s declaration arrives amid mounting concerns over fuel scarcity, triggered by export restrictions imposed by major international producers, including China, and shipping delays that have further tightened global petroleum supply chains. Industry analysts have hailed the domestic focus as a critical buffer against volatility that could otherwise push Nigeria into deeper energy insecurity.
Domestic Shield Against Global Disruption
Dangote Refinery, Africa’s largest oil processing facility, has leveraged its multi-million-barrel refining capacity to mitigate Nigeria’s historical dependence on imported petroleum products. The company emphasised that prioritising local supply provides a strategic advantage in insulating the nation from international market shocks.
“Our refinery’s scale allows Nigeria to withstand short-term external disruptions. We have the infrastructure and capacity to meet local demand even when global supply chains falter,” explained Mr. Chijioke Okonkwo, Operations Director at Dangote Refinery.
The proactive approach is particularly significant as several international refineries have either reduced throughput or temporarily halted operations, causing a global scarcity of refined products. Experts warn that without domestic cushioning, fuel prices in Nigeria could have surged sharply, exacerbating inflationary pressures in a fragile economy.
Managing Costs While Prioritising Supply
In response to rising procurement costs for crude oil amid the international crisis, Dangote Refinery introduced a modest ₦100 per litre increase in the ex-depot price of Premium Motor Spirit (PMS), absorbing roughly 20 percent of the cost escalation to lessen the impact on consumers.
“We are balancing operational sustainability with affordability. While global prices have risen sharply, we have chosen to absorb a significant portion to protect Nigerian households and businesses,” noted Mr. Emmanuel Adeyemi, Chief Finance Officer.
This pricing strategy underscores the refinery’s dual focus: ensuring uninterrupted supply while cushioning the public from abrupt spikes that could destabilize economic activity. Industry observers have lauded the approach as pragmatic, considering the volatility in international oil markets.
Strategic Distribution Initiatives
Beyond refining, Dangote Petroleum has initiated Compressed Natural Gas (CNG) powered trucks to enhance nationwide distribution efficiency. The initiative seeks to reduce logistics costs and carbon emissions while ensuring a more reliable delivery network to petrol stations across urban and rural areas.
“Logistics is a critical part of the energy supply chain. By deploying CNG-powered trucks, we reduce dependency on expensive diesel, lower delivery costs, and improve supply reliability across the country,” explained Ms. Funke Adedoyin, Head of Logistics Operations.
This strategic move reflects a broader commitment to modernising Nigeria’s petroleum distribution infrastructure, reducing bottlenecks that have historically contributed to scarcity at retail outlets.
Implications for National Energy Security
Nigeria has historically struggled with fuel imports to meet domestic demand, making the country vulnerable to international market fluctuations. Dangote Refinery’s prioritisation of local supply mitigates this vulnerability by leveraging home-grown refining capacity, which allows for timely access to petroleum products and less reliance on foreign shipments.
“With Dangote Refinery leading local prioritisation, Nigeria is less exposed to global fuel shocks. The country is moving towards self-reliance in petroleum product supply,” commented Dr. Halima Suleiman, energy sector analyst.
Experts note that sustained operations at the refinery not only enhance energy security but also preserve foreign exchange, reduce import bills, and stabilise domestic market prices.
Corporate Social Responsibility and Market Stability
The refinery’s commitment is part of a broader corporate responsibility framework. Dangote Petroleum continues to engage with government agencies and regulatory bodies, ensuring that domestic supply is coordinated with Nigeria’s Petroleum Product Pricing and Regulatory Agency (PPPRA) to prevent panic buying and market distortions.
“We are in constant consultation with the government to ensure that our supply strategies align with national economic priorities,” said Mr. Alakija.
Such collaboration helps avert artificial shortages, stabilises pump prices, and maintains confidence in the domestic fuel market. Analysts argue that this approach exemplifies how private sector capabilities can complement governmental policies to enhance national resilience.
Navigating Global Uncertainties
The refinery operates in a complex global environment, where geopolitical crises, shipping constraints, and crude oil volatility can trigger disruptions. Dangote Petroleum’s domestic-first approach positions Nigeria to weather such crises more effectively.
“Global uncertainties are unavoidable, but our infrastructure and strategy ensure that Nigerians remain insulated from immediate shocks,” said Mr. Okonkwo.
This emphasis on resilience aligns with global best practices, where national refining capacity is leveraged to protect local markets from international supply disruptions.
Stakeholder Reactions
The government, civil society, and industry stakeholders have welcomed Dangote Petroleum’s strategy. Officials from the Federal Ministry of Petroleum Resources noted that prioritising local supply aligns with Nigeria’s energy security policies and reduces the burden of foreign exchange expenditures on crude imports.
“Dangote Refinery is demonstrating leadership. Its domestic prioritisation ensures that the Nigerian economy remains insulated during turbulent global markets,” said Dr. Tunji Olumide, Special Adviser on Energy.
Consumers have also expressed cautious optimism. Retail operators and commuters reported steadier fuel availability in Lagos and other cities, though concerns remain about sustained pricing and distribution efficiency.
The Road Ahead
While Dangote Refinery’s strategy provides immediate relief, experts argue that long-term stability requires further investments in alternative energy, diversified refining infrastructure, and strategic reserves. This ensures that Nigeria can withstand global shocks without relying excessively on imports or temporary supply adjustments.
“Short-term measures like prioritising local supply are critical, but long-term energy security demands diversification, renewables adoption, and consistent policy implementation,” said Dr. Suleiman.
The refinery is exploring additional initiatives, including expanding storage capacity, upgrading pipeline networks, and adopting technology-driven monitoring systems to ensure supply continuity across the country.
Final Take
By prioritising domestic fuel supply amid global market turbulence, Dangote Petroleum Refinery and Petrochemicals has demonstrated its role as a stabilising force in Nigeria’s energy sector. Through strategic logistics, modest pricing adjustments, and engagement with government regulators, the refinery is insulating the nation from international shocks while maintaining operational sustainability.
“Our responsibility extends beyond profitability; it’s about ensuring Nigerians have reliable access to essential fuel. We take that mandate seriously,” concluded Mr. Adeyemi.
The refinery’s actions offer a blueprint for how large-scale domestic capacity can protect national economies in times of global energy instability, underscoring the critical intersection of private sector resilience, public policy, and national energy security.
-
society6 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news3 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society6 months ago“You Are Never Without Help” – Pastor Gebhardt Berndt Inspires Hope Through Empower Church (Video)
-
Business7 months agoGTCO increases GTBank’s Paid-Up Capital to ₦504 Billion
You must be logged in to post a comment Login