Business
Clam Pastor Wole Oladiyun Completes N200million World Class SOTERIA Hospital ‘My passion for the poor influenced it’
At last, CLAM church led by Pastor Wole Oladiyun has completed her world class hospital in Lagos at the church’s estate along Omole bus stop, Lagos, saying it is opened for the public. The project which began in 2009 was just completed last month and it would be commissioned today, Saturday, 13 June 2015. It has been named SOTERIA Hospital and the church says it’s not a profit making entity.
It would be recalled that APOSTLE Wole Oladiyun who is the shepherd-in-charge of fast rising Pentecostal church, Christ Livingspring Apostolic Ministry, popularly known as CLAM in an exclusive interview with Encomium Weekly on Thursday, June 28, 2012 opened up on why he has just completed a multi-million naira paediatric hospital in Ondo State allegedly worth over N50 million, a world-class general hospital which is near completion then at his headquarter at Omole, Ogba, Lagos and a multi-purpose hall said to cost about N500 million alongside the equipment which have been acquired.
It’s interesting to know that you just completed a standard paediatric hospital and a general hospital and a multi-purpose hall. What informed that and when will you unveil them?
First, I give thanks to God for the grace because every good gift comes from God. I want to say my background informed that and it was a mandate from God. I came from a very poor background and I have seen and suffered poverty in its real sense. But I had an enterprising father who was a lover of God. When he died, I asked myself how I would bail my family out of poverty. Thus, I became a man at the age of 11. I was engaged in all manners of trade in other to make my young mother survive the travails of poverty with seven children. She did all manner of odd jobs like selling firewood. That was where and when I pledged that as God blesses me, I will help humanity. Thus, when I found myself in the arena of serving God, it became a platform to serve humanity and wipe away tears. My own definition of prosperity is wiping away tears. Due to my late dad’s instruction, I have always known the fact that health is wealth. He even wanted me to be a medical doctor. I have gone round a lot and discovered that people are really dying of diseases. That triggered the desire within me to bring doctors together and give people free medicare. And the response has been overwhelming. In my hometown, I discovered they didn’t have provision for children and by God’s grace I have built a world-class children hospital which I will give to the Ondo community next month. And I am setting up a foundation so that they can keep children there. And this hospital at CLAM will be dedicated this year. When I was 50, that was three years ago, I promised God I will build a hospital and a maternity that will take care of women, children and every other person. And He heard my prayers. The money that came into my hands was ploughed into the project. As people blessed me, I invested on the humanitarian business.
What is the machinery put in place to ensure the hospitals are well managed?
That’s why we are setting up a foundation called, Wole Oladiyun Foundation. And I have told my children and foundation that while I am gone the family must maintain that place. I will soon embark on an eye and teeth clinic for the community.
As an apostle, what’s your take on the socio-political problems of the country?
First, Nigeria is a blessed country. I believe in Nigeria. The problems with Nigeria dates as far back as the era of the Sardauna of Sokoto, Ahmadu Bello, who is one of our political forefathers. Our political forefathers shouldn’t have allowed the British to bring about the amalgamation of the North and the South. What the British did then was divide and rule. They saw the Upper Niger as a backward place and Southern Niger as a productive place. Per capital income of Southern Nigerians as at then was over four million pounds while in the North, it was just below 400 pounds. And on the socio-political formation then, the security apparatus of Nigeria, showed that the Northerners were very wild. And they needed to be pacified. In other to get what they wanted, they looked at their system of government and fooled them to ensure that power remained in the North. They were using the money in the South to service the North. It would have been better if the North were left alone so we could have a Northern Nigeria and Southern Nigeria. It would have been a wonderful formation. The integration now brought together two strange bedfellows. There is no way this equilibrium could be maintained in all spheres. We have different outlooks. The culture and orientation differ a lot. In reality, we need to do something, it could be a national conference, regional government and state police of which I am an advocate. When you send a Kanuri man to Ondo, there would be clash of interests. Look at America, with over 50 states, they have regional and state police and still stay together. I believe National Conference is ideal where we would air our differences and tell them that our representatives at the House of Representatives are not bringing the dividends of democracy to the grassroots. They are using the local government to commit fraud. The senators are fraudulent. I owe them no apology because they have to change.
An average politician is not interested in alleviating the pains of the people as we do. Rather, he is interested in what he can get from the people. We lack moral values. We have to go back to the basics. We have to go back to family values. I told my children that there is nothing in this world. Therefore, whatever they can do for God and humanity, they should do. Be exact and contented with what you have. You can’t sleep on three beds. We should eliminate greed. That’s how I live my life. My members can attest to it that the tithe and offering I collect are ploughed back into the ministry’s projects. That is the secret of the success of this ministry. I am very open and accountable. People queried why I do that and I tell them I am accountable. If I send you to buy Tom Tom, you have to bring a receipt or sign for it so that I can account for all the money spent. We also need a mindset revelation by changing the way we think. Our thinking is lopsided.
But it’s obvious that the clergy are some of the godfathers of these politicians, what’s your take on that and the Boko Haram issue?
God is the way out for Nigeria. Our problem surpassed Boko Haram. Where we have different men and women of God, definitely there will be divergent views about issues. Your primary value system will determine your orientation. The primary value system affects every man and woman of God. I can only speak for myself and those who are aligned with my vision.
Talking about vision, it’s interesting to know that few days to the Dana Airplane crash, you informed your church that God showed you a revelation of a plane crash in Lagos…
One thing about me is that I don’t like blowing my trumpet in the public. Visions are meant to build faith not to create fear. The only reason I announced the plane crash before the incident was because I made concerted efforts to get in touch with the airline owners and warned them of the impending doom and that they should not fly any ailing plane but was not successful. Thus, I informed the church so we can pray and see if we can get someone who has their connection. As to the vision, all I know is that God speaks to me. Over the years, I keep records. But we are very careful and that is why we don’t air such on TV because prophecies are meant to better the lot of this country and not to create fear. God has revealed to me a model on how to better the lot of this country and I have written them down. We are too reactive instead of being proactive in dealing with issues. I don’t indulge in such. I don’t agree with issues where they say the Presidency asked the clergy to come for emergency prayer of 30 seconds to change issues. I don’t do such. As a prayer priest, prayer is a serious issue. We need serious intercession in Nigeria. There are sins in this country, how can someone be stealing money and still say he/she is fasting and praying. Ask anybody here, I declare it openly that if you are a thief or fraudulent person don’t pay tithe and give offering. I have returned so many people’s cheques once I know it was gotten fraudulently. Even so called men and women of God lack the fear of God. At the Villa they sent some people here to verify if one man would become president and I said he would not and that if he should try it, he would have fractured legs. They said I should pray to change the vision and I said I can’t do such because that’s not God. The youths are angry and that’s why I empowered them because if we let them loose a great revolution would erupt. Let Nigeria go on one year leave of not stealing and it will be a paradise. We steal too much.
Have you ever had an embarrassing moment?
I make mistakes and I correct them. I make mistakes in my judgements. I am a core administrator. I mind details a lot. I have embarrassing moments in many ways in terms of temptation, women and men have tempted me and even people with money have tempted me. But God’s grace has helped me to overcome and that’s why I can say it openly that I have no skeleton in my cupboard. My members know that I don’t toy with women because God has blessed me with a good woman and we work together. And I am open. If I have challenges, I declare them open to my people so they can pray along with me. The higher you go, the higher the temptations. The greatest temptation I have ever had is people come here to tempt me with dangerous money and I have always said no. I can’t take blood money.
How do you cope with such a huge ministry like CLAM?
God has been helping us a lot. It’s a full gospel ministry where you are trained to be a total person. My area of strength is soul winning and prayer. My mentor in prayer is Dr. D. K. Olukoya of MFM. My father, Dr. Aboderin trained me and Pastors Adeboye, Ashimolowo love me as their son. We are now 14 years and will soon start a world class farm settlement in September.
The raging issue in Christendom is the separation of Rev. Okotie and wife, Stephanie, what is your reaction? Is it permissible for Christians to walk in and out of marriage?
Bob Marley sang a song that every man has the right to decide his own destiny but on judgement day, there is no partiality. I used to be a reggae DJ (laughs). I don’t want to talk about Rev. Chris Okotie, because he is a senior minister of God but I would rather be praying for him. I would only talk about the Biblical standard. The Bible does not permit nor allow divorce. No other thing. If the Bible has said that, the onus is now on you to follow the injunction of the Bible or not. I will pray for Rev. Chris because he has labored in Christendom. He is a lover of God who must make heaven. God is merciful. Nobody is perfect. We have our strength and weaknesses. Where we have not done well, God can give us another chance. However, the Bible does not support divorce.
Business
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
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.
Bank
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
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.
Business
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
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.
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