Business
“I Want To Go To London ….. To See Buhari” – Written By Reuben Abati
When 15 million plus Nigerians voted for President Muhammadu Buhari in the 2015 General elections, their expectation was that he would be available to serve them 24/7/365, and that those who fielded him as their candidate had done their home work to avoid what is curiously becoming the Katsina problem in Nigerian politics. Katsina! But we have now found ourselves in a situation whereby our President is now in London, for more than one month sir, ma, and we are here, and we have an acting President, who according to everybody, including the extremists and the mischievous, and the politically partisan, is beginning to try his best, with his admirers, now praying for the worst. For that reason alone, we have an emotionally, politically and spiritually divided country on our hands. Don’t mind what they tell you, and don’t deceive yourself, the Nigerian Presidency is in turmoil. It is not our wish. It is not what the voters asked for. But that is how democracy works. You cannot predict the results that democracy produces. Not even in America. Or Russia. Now that we have found ourselves in this situation, anyway – an absentee President trying to remain relevant and an acting President struggling to put up appearances, and struggling harder not to be seen to be ambitious (sorry, Prof. I was your student but I have something to say sir, I don’t mean any harm – truth be told), where should the Nigerian people stand? For the past one month, we have all been trapped in a post-truth situation, pretending as if all is normal. We should stop pretending. Those who supported and are supporting the APC that brought President Muhammadu Buhari to power and office cannot talk. They cannot talk due to embarrassment and shame.
They are busy putting up a face. But for how long can they do this? The Nigerian media is also on its knees, looking so pitiable, with the exception of a few blogs, newspapers that we can’t even trust, professional media consultants who are in disarray, a few bloggers and then some gentlemen: Pa Ikhide, Farooq Kperogi, Sonala Olumhense, Omoyele Sowore, Pius Adesanmi and Okey Ndibe who have since been specially illuminated as they journeyed to Damascus. I will return to this subject some other day. But I think right now, we should begin to take the subject of the absence of President Muhammadu Buhari more seriously. Bukola Saraki, our Senate President has visited him in London, twice, within two weeks. I don’t think we should leave this business of visiting the President to party chieftains, the executive and the Federal Legislature. If care is not taken, Senator Saraki may be tempted to visit the President again next week. And the week after and he may even be tempted to travel with all the members of the National Assembly. There must be equity in this matter. Figure it out as follows: we all know that President Buhari is now in London and he is the man Nigerians chose as their President in 2015. We cannot forsake him. He is in London on working leave, for more than one month now, and we don’t know when that leave will end. We have been told it will end soon. Later. One day. Whenever. We are not God. Let the leave end when it will. But we, the people, have a duty to stand by our President. This is the point of this article. We are Africans. We have traditions. We respect elders. We don’t joke with old age. The time has come, right now, for Nigerians to behave like Africans. We should therefore, not leave this business of visiting to Senator Busola Saraki alone. Party chieftains have visited Mr. President. The leadership of the National Assembly has also gone to London to be part of President Buhari’s working leave. I think Vice-President-Acting-President Yemi Osinabjo should also visit his boss, this week, next week, or ASAP. Henceforth, he should be in London at least once a week. Let us stop pretending that the President is not in charge. He is. If Aso Villa is now in London, let us make it work. The Acting President and the real President need quality face time. If the acting President must go to London everyday, let him do so, but don’t let us run Nigeria by telephone or DHL Am I making sense? I am not talking about common sense. I mean real sense. So, do I make any sense at all? After the Acting President’s visit, all former Presidents should also start going to London to see the President. Those former Presidents are not as harmless as they pretend to be. They are projected to the public as advisers but they are more than that: they all left something in Aso Villa that makes them eternally powerful. It is like leaving your DNA in a woman’s body. They should be allowed or perhaps encouraged to visit President Buhari while he is on working leave. I think our Baba in Abeokuta, Ota and Ibogun should be the first to visit. That may negate the order of seniority, but trust the Ebora Owu to return from London with front-page news! After him, the others can start visiting and probably advise on the possibility of holding a Council of State meeting in London. As it were, the Nigerian Constitution does not insist that the Council of State Meeting must be held inside Nigeria. The main subject of that first historic, diaspora, Council of State Meeting should be phrased by OBJ in his own unique way: “Momodu: are you well or sick?” There is something called the separation of powers. I don’t want to disrespect mi’lords but I think they too should go to London. The National Judicial Council (NJC) should put together a high-powered delegation of judges from every part of the country, from all divisions, and level, to proceed post-haste to London to visit, no, to confer with President Buhari on matters of judicial interest to the nation. But Sirs, don’t go there and talk about the welfare of judges, or the non-payment of your entitlements – if you try that, well, I won’t be in a position to tell you what awaits you on your return. You know mi’lords, as well as I do, that the law in Nigeria is now being made to look truly like an ass! After the judges, okay may be the Nigerian Bar Association should also send a delegation, but I don’t trust many of our lawyers. They think they know the law, and they could go to London and say things that will disrupt the President’s working leave. To make that impossible, members of the NBA should be booked on an Arik flight to London, please. But if they get there, fine. The next delegation should be that of Permanent Secretaries. These ones should spend more than a week in London with the President. In fact, they can stay with him till he returns. If they also have medical issues, they should use the opportunity to ask for tests, with the condition that they must return immediately the President leaves London, notwithstanding the status of their own medical tests! Once the Permanent Secretaries have been fully accommodated in London, the Ministers, those who were once dismissed by their own employer as “noise-makers”, and who have proven to be no better, should also visit London. They can go ahead and make as much noise as they wish in London and even enjoy the benefit of a full Federal Executive Council Meeting. I suspect that this will be a particularly productive FEC meeting. If the people in the Foreign Affairs Ministry know what they are doing, however, they would arrange ahead of that meeting in London, a special meeting with Theresa May, Prime Minister of Great Britain, followed by a dinner with Her Majesty the Queen of England, with a proviso, please, please, please, that nobody should bring up the issue of Biafra or Southern Kaduna after shaking the Queen’s hand, and there should be a strict guarantee that President Buhari will be accompanied by his extremely beautiful wife, Aisha, and he will not, meeting the Queen, no matter how excited, make the mistake of referring to “za oza room”. Stop laughing, my friend; this is how you people cause problems for innocent writers. What I am now trying to add having made all these points above, is that the Governors’ Forum should also visit President Buhari in London. The Governors have already signified their intention to do so and that seems to be fine with the Nigerian public. The Governors should therefore appoint representatives who should proceed to London. When they meet with the President, they should hold a special prayer session with three prayer points: one, that President Buhari will not work for another person to come and eat; two: that the demons of Aso Rock will spare and forgive him and his family; three: that President Buhari will return to Nigeria with his two feet. The Governor to lead the prayer should be Peter Ayo Fayose of Ekiti State. If he starts sounding as he has been sounding in recent times, Nasir el-Rufai should be asked to take the microphone from him. And if Nasir sounds like he is playing politics, as he has been doing, Adams Oshiomhole who will like to be there anyway, as a Governor ex-officio, should be given the microphone and asked to pray for the President as best as he can or as best as Trotsky could. I have left out some people. In the past month, some Imams and ulamas and concerned relatives have been reported in the media, holding prayer sessions for a hale and hearty President who is just in London to enjoy the weather and do some quality check-ups, private and public. These prayer warriors have prayed and prayed in Abuja, Daura, Borno and everywhere else. The matter is so serious that nobody should be surprised if Rochas Okorocha or James Ibori organizes a prayer session for Muhammadu Buhari. This is the biggest business in Nigeria at this moment. I think, therefore, that we should also encourage the ulamas and the imams to visit. Let them go to London and pray for their President. We have been told they have been sending prayers through skype, whatsapp and the air, the same channels that GSM service providers in Nigeria now want to block. Let the imams go to London then and let the verses of the Holy Quoran rain down. It will be unfair not to allow Christian leaders to go to London too. They are also anxious to go to London. Pastor Tunde Bakare, my beloved, secondary school senior should lead that team. His job should be to screen out any Pastor with Biafra, or Southern Kaduna or pro-PDP blood in him or her. I mean Pastors like Reno Omokri, Ebun Adegboruwa…. you get what I am saying? The prayer should be commissioned! Traditional rulers, bloggers, public intellectuals, trolls, and journalists! Oh, I almost forgot. I think we should also be invited to London to have tea with the President. I volunteer to lead that team but if I am considered unpopular, since they say I am not one of them, let @ikhide, @akaebube, or @dejiadeyanju, @realFFK, or @YeleSowore, be the team leader. But please, make sure we have on that list, @lindaikeji, @SDimokoKORKUS, @emepretty1, @bellanaija, @omojuwa, @ChiomaChuka, @AbangMercy, @toyeenb, @MrStanleyNwabia and… and… My friend, STFU! I am not planning a special episode of #bbnaija. I just want to go to London and see …my President.
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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