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EMPOWERMENT OF ALL GROUPS, KEY TO ENDING EXTREME POVERTY- AMBODE
…Says Lagos Already Implementing Key Policies To Ensure Inclusion, Prosperity
…Delivers 75th Anniversary Lecture At Island Club
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday said if Nigeria must get out of the woods, it must begin now to take concrete steps towards empowering every group in the society and give ears to their views and aspirations, saying it is only in such situation that the country can truly end extreme poverty.
Governor Ambode, who said this while delivering a paper to commemorate the 75th Anniversary Business Lecture of the Island Club, said Nigeria must aggressively pursue strong social inclusion policies in order to build a virile nation where every member of the society, regardless of their status or creed is catered for.
Speaking on the topic ‘Nation Building: Communities, Inclusion and Prosperity’, the Governor said presently there were various indices that present a worrying picture, stressing that the country must address it by taking actions that would change the narrative and engender prosperity.
“A sustainable path towards ending extreme poverty and promoting shared prosperity also involves creating an inclusive society, not only in terms of economic welfare but also in terms of the voice and empowerment of all groups.
“We must begin to realise that every strata of the society counts, we must listen and accommodate all views, whether they are poor, whether they are Igbos, Hausas, whether they are Muslims or Christians. An inclusive society must have the institutions, structures and processes that empower local communities, professional associations, artisans, CDAs so they can hold government accountable.
“It also requires the participation of all groups in society, including traditionally marginalised groups such as ethnic minorities and indigenous populations in decision making processes,” he said.
Highlighting the Lagos example of inclusion and prosperity, Governor Ambode said his administration in the last three years, despite the population and migration challenges vis-a-vis pressure on physical and social infrastructure, has continued to carry out massive upgrade of its infrastructure, which according to him would have improve the lives of all residents and ultimately the economy.
“We believe that every Lagosian must have the opportunity to grow, develop their own skills and contribute to their families and communities in a meaningful way.
“If they are healthy, well educated and trained to enter the workforce and are able to make a decent wage, they are better equipped to meet their basic needs and be successful. Their families will also do well and the whole society will benefit. The aggregate sum of family well-being is the meat for nation building,” he said.
The Governor said that his administration has concentrated on creating an environment for investments to thrive, saying that deliberate steps were also taken to encourage the private sector to take the front seat and grow the Gross Domestic Product (GDP) of the State.
He listed development of Tourism, Hospitality, Arts, Sports and Entertainment sectors, development of an integrated and modern inter-modal transportation system, Employment Trust Fund, CodeLagos and Ready-Set-Work as some of the strategies evolved over the last three years that has recorded huge impact in the State’s economy.
“Our Employment Trust Fund has disbursed N5.84billion to 7, 880 Lagosians out of which 1,123 have fully repaid their loans. This is a revolving fund that targets inclusion and prosperity.
“Over 25,000 jobs were created through the loans and employability programmes and to ensure inclusion, 3,613 women recievedN2.29billion while N1.44billion was disbursed to individuals less than 35 years and at least N100million in each local government of the State,” Governor Ambode said.
“In terms of inclusion and prosperity, our vision to make Lagos safer and more prosperous is driven by the need to foster and build an inclusive society, a Lagos that works for all of us. This has been our primary focus in the last three and half years.
“This vision of making Lagos Africa’s model mega city and global economic and financial hub is reflected in everything that we have been doing, bringing our communities together to ensure the future prosperity of Lagos State is non negotiable. I am convinced that we are on the right trajectory and that’s the way to go if Lagos is going to show a very good example to the rest of the country,” he said.
Recommending the way forward, Governor Ambode said to ensure inclusion and evolve prosperous communities; social policy needs to move beyond conventional social service approaches towards development’s goals of equitable opportunity and social justice.
Expressing optimism that the Nigeria economy was showing positive indices of recovery and encouraging outlook for the future, the Governor, however, said economists had posited that for Nigeria to attain its potential, the economy needs to move at a growth rate of six to seven per cent per year as the population growth was above three per cent.
“To meet our growth ambition, we need jobs and we need to increase productivity too. Nigeria has the advantage of a large population, but the majority are under-skilled. It is imperative to equip workers with the skills needed to keep pace with an economy in transition like Nigeria,” he said.
“We need to close that in economic and political gap between women and men in this country. Providing both girls and boys with education is going to be our first step. Quality education is the basis for job and income, a modern competitive economy needs the best heads and hands regardless of gender. This is just sound economics and simple common sense.
“Government needs to implement structural reforms to enhance efficiency, making valued long term investment in technology and science to support research and development. In addition, government also needs to support the economy to provide jobs for their fast growing job population,” Governor Ambode said.
Earlier, Chairman of Island Club in his welcome address thanked Governor Ambode for his support to the Club since he assumed office, saying that he had not only followed the footsteps of his predecessors as Patron of the Club, but had on some occasions, moved a notch further than they did.
Also speaking, a former chairman of the Club, Chief Olumuyiwa Falomo lauded the Governor for his developmental strides in the last three and half years, assuring him that history would be kind to him.
“Only God knows the future, just carry on regardless, the reward of being very conscientious with what you do will come sooner than later and my prayer for you is that God will guide you and the sky will be your limit,” Falomo said.
Highlight of the lecture was the launch of the anniversary brochure and the commissioning of the car park project initiated by the club.
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From Construction Sites to Community Service: Temitope Akinyemi Emerges as a Model of Leadership and Impact
Energy experts in Nigeria’s downstream petroleum sector have defended the pricing structure of the Dangote Petroleum Refinery, accusing some fuel markers of attempting to blackmail the refinery and mislead the public over the recent increase in petrol prices.
The experts said reports suggesting that the refinery’s latest adjustment is solely responsible for the recent hike in fuel prices were misleading, noting that importers are also bringing in petrol at almost a N1,000 per litre, while the refinery’s coastal price is N948 and the gantry or ex-depot price stands at N995 per litre.
They stressed that public comparisons fail to consider the differences in pricing structures and supply channels.
According to the experts, N948 per litre represents the coastal delivery price, which refers to petroleum products transported by marine vessels or barges from the refinery to depots along the coastline. On the other hand, N995 per litre represents the gantry or ex-depot price, which is the rate paid by marketers who load petrol directly from the refinery into tanker trucks at the loading gantry for onward distribution across the country.
The experts explained that the two figures should not be interpreted as conflicting prices but rather as different logistics arrangements within the petroleum distribution chain.
Speaking with our correspondent on Sunday, energy expert David Okon said the pricing adjustments were inevitable given prevailing market conditions.
According to him, Dangote Petroleum Refinery & Petrochemicals operates in a deregulated market and procures crude at international prices, which have risen sharply due to geopolitical tensions in the Middle East.
“The refinery is already absorbing part of the cost to cushion the impact of the crisis on Nigerians. We can see what is happening in other parts of the world where shortages and scarcity are being reported despite higher prices, yet the Dangote Refinery has continued to guarantee domestic supply,” he said.
Okon explained that when the refinery previously sold petrol at N774 per litre, crude oil was landing at about $68 per barrel. However, with crude now arriving at roughly $95 per barrel, the cost difference of about $27 per barrel translates to nearly N40,000 per barrel when converted to Naira.
“You cannot expect a refinery to continue selling at the old rate under those circumstances,” he added.
“If imported products were truly cheaper, importers would still be selling at the previous prices.”
He warned that without local refining capacity, Nigeria could have faced severe fuel shortages, long queues at filling stations and a resurgence of black market sales.
“Without the Dangote Refinery, many filling stations would likely shut down, queues would return across the country and black market traders would exploit the situation, hawking four litres keg at N20,000 or more. The refinery has effectively prevented that scenario,” he said.
Another analyst, Mohammed Ibrahim, also faulted narratives circulating in some quarters suggesting that the refinery’s pricing adjustment was responsible for worsening economic hardship in the country.
Accusing some importers of attempting to manipulate public perception, he said, “What we are seeing is nothing but deliberate blackmail by some fuel importers who feel threatened by local refining.
“They are twisting the pricing structure to mislead Nigerians and create unnecessary panic in the market.
“By exaggerating the refinery’s gantry price and ignoring the comparable costs of imported fuel, they are trying to make it appear as though Dangote Refinery is the cause of rising prices and economic hardship. This is a calculated attempt to protect their import businesses and undermine local refining, which is meant to reduce our dependence on imported petrol.”
Ibrahim added that such narratives were aimed at portraying the refinery as the reason Nigerians were struggling with higher petrol prices.
He stressed that petrol pricing in Nigeria is largely influenced by global crude oil prices, exchange rate fluctuations, and distribution logistics, noting that these factors affect both locally refined and imported fuel in the country’s deregulated market.
Afolabi Olowookere, Managing Director and Chief Economist at Analysts’ Data Services and Resources (ADSR) Limited, explained that although Nigerians expect refined products from the refinery to be significantly cheaper, prevailing market realities such as global crude oil prices, the cost of crude supply and refining margins make substantial price reductions unlikely in the short term.
“Therefore, improving domestic crude allocation to the refinery would strengthen supply stability and enhance the long term benefits of local refining for the economy,” Olowookere noted.
Recent conflicts in the Middle East and disruptions along key shipping lanes have tightened global oil supply, pushing crude prices past $90 per barrel, a development that directly raises the cost of both imported and locally refined petrol in Nigeria.
The unrest has pushed up fuel costs and transportation in several countries, including Ghana, the United States, the United Kingdom, South Africa, India, Canada, Brazil, Germany, France, and Japan, as rising crude prices increase the cost of refining, distribution, and logistics globally.
CHETACHI NWOGA-ECTON EMPOWERS 300 WIDOWS IN IMO
A renowned humanitarian and proud daughter of Mbaise in Imo State, High Chief (Dr.) Princess Chetachi Nwoga-Ecton, has empowered over 300 widows and vulnerable women across the Owerri Zone, in a remarkable demonstration of compassion and service to humanity.
The empowerment programme, which took place at the Palace of the Eze of Ngor Okpala, HRH Eze Engr. Fredrick Nwachukwu, brought together community leaders, traditional rulers, women groups and beneficiaries from different communities within the zone.
During the event, the widows received food materials and cash support, aimed at helping them meet basic needs and strengthen their small-scale businesses.
The initiative was widely applauded as a timely intervention to support women who often face severe economic hardship after losing their spouses.
Many of the beneficiaries expressed heartfelt appreciation to High Chief (Dr.) Nwoga-Ecton, describing the empowerment as a lifeline that would help them take better care of their families.
Some widows, while offering prayers for the philanthropist, noted that the gesture had restored hope and dignity in their lives.
Fondly known as Ada Imo and Adaure, High Chief (Dr.) Princess Chetachi Nwoga-Ecton has earned widespread admiration for her consistent humanitarian efforts both within Nigeria and internationally.
Through her philanthropic activities and foundations, she has continued to support widows, children, and vulnerable communities with interventions in healthcare, welfare and economic empowerment.
Community stakeholders who attended the programme commended the Mbaise-born philanthropist for her generosity and dedication to uplifting the less privileged, noting that her actions reflect true leadership and compassion.
Observers say the initiative further reinforces her growing reputation as one of the most impactful humanitarians of this generation, whose commitment to humanity continues to inspire hope across Imo State and beyond.
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