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Lara Banjoko Advocates Phased deregulation of the petroleum products sector  to ameliorate the suffering Nigerians

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Lara Banjoko Advocates Phased deregulation of the petroleum products sector  to ameliorate the suffering Nigerians

Lara Banjoko Advocates Phased deregulation of the petroleum products sector  to ameliorate the suffering Nigerians

Lara Banjoko, CEO, of Zone 4 Energy Limited and arguably the leading female force who holds the magic wand to turn the fortunes of any moribund petroleum sector company around has lent her voice to the total deregulation of petroleum products in Nigeria as a massive step for petroleum products availability and massive investment/increased employment in the Country.
Lara Banjoko Advocates Phased deregulation of the petroleum products sector  to ameliorate the suffering Nigerians

Lara Banjoko

Banjoko who is a force to be reckoned with in the oil and gas sector opined that deregulation of the petroleum products in phases is the way forward to ameliorate the suffering of Nigerians masses and enable the country implement cushions that will ameliorate the expected changes such a policy will bring to citizens…. She believes such deregulation must be carried out not in a knee jerk approach but with careful and thoughtful planning over a defined period to enable our citizens be able to accept and live with such policy direction.
Banjoko, who also agreed with Asiwaju Ahmed Tinubu on deregulation made the recommendation today in Lagos while reacting to the recurrent scarcity of PMS, also known as petrol in the country.
According to Banjoko,  currently, petrol (which is the primary mover of people across the different strata of Nigeria) is being subsidized under the recovery process in two different and distinct phases…
1. On the costs of purchase
2. On the foreign exchange component of the importation and supply. The product herein is being delivered using the CBN exchange and not the parallel market for such importation….
As such, the advocacy and advice will be a consideration and push towards a phased-out deregulation of the sector…
“The first step is suggested to be on the purchase pricing option. Wherein the foreign component is retained while the product is imported and sold on the prevailing international pricing benchmark”
Furthermore, she states that the second phase will be to remove the foreign exchange component and allow importation and delivery to be at the parallel market (though the belief is that the incoming government must phase out the current regime of multiple exchange rates.
It would be recalled that the deregulation of economic activities which gathered momentum in this country in 1986 under the general programme of Structural Adjustment has been a matter of intense debate among economists, bankers, and members of the public at large.
The monopolistic tendency of NNPC to provide all the petroleum products created some features which have made justification for the deregulation of the sector. The features include a low level of competition, smuggling of petroleum products, monopolistic and sharp practices, the existence of petroleum subsidies, poor maintenance of infrastructural facilities, distortions in product supply and distribution, inappropriate pricing of products supply, and high level of fraud and corruption. According to the PPPRA, Reginald (2009) and Igbikiowubo (2011), the Federal Government of Nigeria wants to deregulate the downstream sector of Nigeria’s oil industry in order to:
• Ensure that petroleum products are made available to consumers in an uninterrupted manner.
• Eradicate waste and corruption which are consequences of a tightly regulated economy. • Ensure that the supply and distribution of petroleum products are orderly and consumer friendly.
 • Channel money realized from the exercise to development projects that will be beneficial to the majority of the people.
 Notwithstanding the above, the office of the Chief Economic Adviser of the president in collaboration with the NNPC and the budget office of the Federation asserted that the rationale behind the Federal Government’s plan to deregulate the downstream petroleum sector includes:
 • To improve the efficient use of scarce economic resources by subjecting decisions in the sector to the operations of the forces of demand and supply.
 • Deregulation will further reduce economic waste and lightens social burdens caused by government control.
 • To expand opportunities for economic growth, a competitive sector and help achieve greater cost-effectiveness. Furthermore, Allison Madueke (2011) harped on the imperatives for the deregulation of the downstream sector including:
• Saving of cost in petroleum subsidies.
• Job creation opportunities.
• Downtime record in the existing refineries.
• Investment opportunities or foreign direct investment in the sector.
Lara Banjoko is the CEO of Zone4 Energy Limited. An epitome of beauty and brain, she is a successful business-woman who has worked so hard to make a name for herself.

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Adron Homes Celebrates Visionary Chairman, Aare Adetola Emmanuel King, at 51

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Adron Homes Celebrates Visionary Chairman, Aare Adetola Emmanuel King, at 51

Adron Homes Celebrates Visionary Chairman, Aare Adetola Emmanuel King, at 51

 

The management and staff of Adron Homes and Properties Limited have joined family, friends, associates, and well-wishers across the globe to celebrate their Chairman and Chief Executive Officer, Aare Adetola EmmanuelKing, as he marks his 51st birthday.

Adron Homes Celebrates Visionary Chairman, Aare Adetola Emmanuel King, at 51

In a statement released by the company, the milestone was described as a celebration of an exceptional leader whose vision, resilience, and entrepreneurial brilliance have not only transformed Adron Homes into a household name in Nigeria’s real estate sector but have also redefined affordable housing across the country.

 

Under his dynamic leadership, Adron Homes has continued to expand its footprint, delivering value-driven residential solutions while empowering thousands of Nigerians with opportunities for home ownership. His commitment to excellence, innovation, and customer satisfaction has remained the driving force behind the company’s sustained growth and industry leadership.

 

The statement further highlighted Aare EmmanuelKing’s passion for nation-building and community development, noting his significant contributions to job creation, youth empowerment, and the promotion of socio-economic development through real estate investments.

 

“As a leader, mentor, and visionary, Aare Adetola EmmanuelKing has consistently inspired a culture of excellence, integrity, and dedication within the organization. His ability to turn bold ideas into reality continues to position Adron Homes as a trailblazer in the industry,” the statement read.

 

The company expressed profound gratitude for his steadfast leadership and prayed for continued wisdom, strength, and sound health as he embarks on another year of impactful achievements.

 

As he celebrates his 51st birthday, the entire Adron Homes family proudly honours a man whose legacy continues to shape the future of real estate in Nigeria.

 

Happy 51st Birthday, Aare Adetola EmmanuelKing!

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Oba Ara Releases Emotional Tribute to Late Taiwo Adegbodu

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Oba Ara Releases Emotional Tribute to Late Taiwo Adegbodu

Taofik Afolabi 

 

The gospel music community continues to grieve the painful loss of Taiwo Adegbodu, a beloved figure whose sudden departure left a deep void among fans, colleagues, and loved ones. In response to this loss, renowned gospel minister Rotimi Onimole, popularly known as Oba Ara, has released a moving tribute song that captures both the sorrow of the moment and the enduring legacy of the late singer.

 

Oba Ara, a proud son of Isale Eko, channels raw emotion throughout the song, using heartfelt lyrics and soul-stirring melodies to reflect on his personal connection with Taiwo Adegbodu. In the tribute, he openly expresses how deeply the news of Adegbodu’s passing shook him, describing it as a painful and unexpected loss that is difficult to come to terms with.

 

The song goes beyond mourning, it celebrates the life, ministry, and impact of Taiwo Adegbodu. Oba Ara highlights the late artist’s dedication to spreading the gospel through music, his inspiring voice, and the spiritual influence he had on many within and beyond Nigeria. Through powerful verses, he paints a picture of a man who lived for God and touched countless lives through his ministry.

 

Listeners have described the tribute as both comforting and deeply emotional, as it resonates with the collective grief of the gospel music community. It serves as a reminder that although Taiwo Adegbodu is no longer physically present, his music, message, and legacy will continue to live on.

 

In honoring his late colleague, Oba Ara not only pays his respects but also offers a source of healing for fans and fellow ministers, using music as a tool to process grief and celebrate a life well lived.

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Buratai, Fagbemi , Shagaya, Olofa, Others Eulogise Olowu Kuta’s Olori On 60th Birthday, Foundation Launch

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Buratai, Fagbemi , Shagaya, Olofa, Others Eulogise Olowu Kuta’s Olori On 60th Birthday, Foundation Launch

 

Eminent personalities across the Nigeria stormed the TFK Event Centre, Bala Mohammed Way, Guzape, Abuja, to celebrate the 60th birthday of Olowu Kuta’s Olori, Queen Jumai Amoke and her Foundation Launch on Saturday 28, March 2026.

From former Chief of Army Staff, Lt Gen TY Buratai rtd, to the Minister of Justice and Attorney-General of the Federation, Prince Lateef Fagbemi; Olofa of Offa, HRM Oba Mufutau Gbadamosi. Even top businesswoman and socialite, Chief (Mrs) Bola Shagaya, was in attendance.

Buratai, Fagbemi , Shagaya, Olofa, Others Eulogise Olowu Kuta's Olori On 60th Birthday, Foundation Launch

Other dignitaries were newly promoted Deputy Inspector-General of Police and former AIG Zone 2 , Lagos , Adegoke Fayoade, Major General Abdumalik, Major General Samuel Adebayo rtd (Fmr CDI);

Major General Anthony Omozoje rtd (Fmr Copp);

 

Alhaji Tajudeen Owoyemi (Asiwaju of Offa and CEO Radisson Hotel Nigeria;

 

Dr Waheed Olagunju, former managing director of Bank of Industry, Oniba of Iba, Lagos State, HRM Oba Dr Suleiman Raji ;

Justice Falola, Olu of Ile-Ogbo , Oba Adetoyese amongst many traditional rulers and captains of industry too numerous to mention.

Speaking at the occasion, the Chief Host, Olowu of Kuta, HRM Oba Dr Adekunle Oyelude Makama, CON , Tegbosun iii, who is also the husband of the celebrant commended Queen Jumai for ‘ her slender arms full of kindness’ to establish such humanitarian Foundation, ‘Amoke Children and mother in Need Foundation’ at a time Nigerians are going through economic crisis occassioned by the global meltdown.

Olowu also commended her steadfastness and love for the less privileged and downtrodden.

The monarch refrenced the task before his wife’s humanitarian gesture said her best is yet to come.

” Olori Amoke Jumai, I celebrate you. You will celebrate 70, 80, 90 and continue to shine as you continue to put a smile on people’s faces. I love you, “Olowu Kuta added.

To Lt Gen Buratai, a former army chief and former Nigerian Ambassador to Benin Republic, the reward of hard work is more work.

Buratai, who also doubles as Balogun Agba of Owu Kuta, a chieftaincy title reserved for a generalismo congratulated Queen Jumai for attaining the age of 60 in good health.

The retired army General said he’s not surprised by the turn out of eminent personalities across the country to celebrate the Olowu Kuta’s Olori because she merited it through her hospitality to all, adding that Allah the most merciful, most beneficial would accept all her act of ibadah.

The minister of Justice, Prince Fagbemi, was full of praises for Queen Jumai for deeming it fit to have a place in her heart to accommodate the needy and less privileged in ‘our society.’

Prince Fagbemi urged the guests to contribute generously to support the Foundation in order to continue to alleviate poverty and put a smile on the faces of the people.

” I congratulate you on your 60th birthday and Foundation Launch. I wish you many happy returns of the day and many more fruitful services to the country and motherland”, Prince Fagbemi added.

The celebrant, Queen Jumai who was grining from ear to ear thankfully said she was excited by the turn out and the response of the people to her foundation.

Queen Jumai, however, promised to continue to use her resources and donations received for the good of the needy and less privileged in the society.

” I want to appreciate my own Kabiesi Olofa of Offa , for his presence and im I’m using him as a point of contact to all other Kabiesis present here, the minister of justice and Attorney-General, you’re welcome, sir; Mrs Bola Shagaya, I salute your enterprise, Lt Gen Buratai, I’m grateful, sir; DIG Fayoade, Justice Falola and other dignitaries too numerous to mention, I thank you, all. To my darling husband, Kabiesi Olowu , I thank you immensely for your support. And to my family and friends, I thank you , all. E se pupo!”, she said.

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