Business
MY ENCOUNTER WITH HON. ROTIMI MAKINDE BY ADEBOYE ADEBAYO.*
Let me use this medium to specially Congratulates my adopted elder brother, Hon. Rotimi Makinde on his successful screening at the State of Osun House of Assembly and his eventual swearing-in ceremony as a member of the reputable statutory board of the Judiciary Service Commission, State of Osun.
I was at the gallery of the hallow chamber of the State of Osun House of Assembly to solidarise with him and expectedly as a reputable federal lawmaker, after a lot of positive comments and encomiums from honourable members of our dear house and the respected Mr. Speaker, he graciously and gratefully took a bow and go.
How I wish I am a lawmaker, my head swelled up. That short event at the House corrected some impressions I had about few of our honorable house members and it endeared few of them who are spectacular to me which I will make known soon.
Incidentally, last week Wednesday, I met my Egbon again at the Exco chambers of the Governor’s office being the day of State Executive Meeting, I had gone there to see if I could meet with Mr. Governor whom my meeting with is long overdue. I was looking for Mr. Governor and I met my Egbon waiting patiently to be sworn-in on that day. (Mo n wa owo lo, mo pade iyi lona). I could not wait because I didn’t plan it but usually going by his humane character he greeted me warmly, I wished him well, I greeted other members of the State Executive Council before I left.
I pray Almighty God in his mercy to grant Hon. Rotimi Makinde the needed wisdom, Knowledge and understanding to perform creditably well in this tasky but reputable new assignment, as our country is in dire need of a very robust and standard legal & Judiciary reforms for the development of our justice system and progress & growth of our Land.
Permit me to also Congratulate the Chief Judge of the State; Hon Justice Adepele Ojo and other members of the reputable commission and I wish them all very well in all their endeavours.
Honourable Makinde has always been a respectable member of many reasonable WhatsApp groups online and we have had cause to agree & disagree over issues of the State politics and National developments quite numbers of time. His presence on the media is powerful, he is not the type that dodges issues, he followed issues consciously and his very many blunt comments, observation and explanations have been helping some of us.
On a fateful day, he sought my attention after he had gone through one of my numerous works online, when I saw his comment seeking my attention I was humbled and heeded the call immediately.
Later on that same day he spoke with me on several issues, we had a long conversation on phone, on some issues, he corrected me, and advised me on some other issues. He encouraged on so many things that were bothering me before. He talked to me as a younger brother, man to man and as a young progressive politician. I was thrilled and I immediately remembered my last physical encounter with him. It was during the early days of Ogbeni Till day break program, it was a long day for all of us that fateful day and we were preparing again for another long night, I was under pressure to deliver on my duties and in the course of that I unintentionally harassed him, he was a bit furious that night but he didn’t allow the sunset to meet the anger in him. I saw this as a great trait and quality of a good leader, that a man I had once harassed was again talking like a loving brother to me , immediately I gave it to him that he is indeed a leader that is worthy of emulation. There and then I requested for a courtesy visit appointment and he gave me.
On the appointed day, I called the State Coordinator of Asiwaju Grassroots Foundation; AGF; Hon. Tijani Sikiru to accompany me to Ile – Ife to see my Egbon, he agreed to go and learn with me and we set out to his residence in Ife.
On getting there, he welcome us very warmly and immediately, alongside other visitors that we met there, he ushered us to his beautifully decorated and neat dinning room, we had a very delicious and refreshing breakfast before we retired to his private sitting for why I was there.
He had a very long, meaningful, scintillating, encouraging and hopeful discussion with us. We poured out our mind likewise himself on many issues after which we left.
My take aways from that encounter that day were; I saw a man of taste who is very neat, of high class and very humble going by the way he related with his guests, his domestic staff and all the people, young and old who came visiting.
I saw a man who loves Asiwaju Tinubu, who respects Baba Bisi Akande and I indeed saw a man who is in love with Ogbeni Rauf Aregbesola. Please my readers should not tell anybody this, ‘I doubt if Rauf Aregbesola can do any thing wrong in the face of Rotimi Makinde”.
I saw a man who loves progressive politics in its entirety with no apology about it, I saw a man who loves Ife to be great, by the numbers of people trooping to his house for political reasons, I saw a man who is working assiduously to make Ile – Ife belong to the progressive party totally and he is ready to bury his ego, status and ready to sacrifice to achieve that because he believes his home town will be better off under the fold of the progressives, I know what I mean because of what I saw.
I saw a team worker who is ready to work with anybody no matter your class either high or low to achieve any political aims of the progressive party.
I saw a man that easily forgives especially the young people, I saw in him a man that wants youths to be liberated politically and economically, I saw a man who is ready to do anything within his reach for the upliftment of humanity.
He shared a lot of experiences with us during his sojourn in the Theatre World, his days as an Accountant at the NNPC and his experience at the National Assembly among other journey of life but he loves Aregbesola so much and at no price can anybody take that away from him.
Hon. Makinde is my kind of person. We shared the same ideology about progressive politics and leaders. He thought me a lot of lessons about life. I wish I had this encounter with him before my lost election earlier this year.
Hon. Rotimi Makinde is a worthy leader, a dependable and trusted one that all youths in our political camp should continue to emulate and to always see as a worthy mentor that can be of immense benefits, he is very unlike numerous others in our political family.
The take aways from this encounter have indeed equipped, encouraged, challenged and braced up myself and my state coordinator of AGF for the political and life challenges ahead which is very important to me.
Thank you all.
*_Adeboye Adebayo is social & political analyst, a chieftain of the All Progressives Congress, National Publicity Secretary; Asiwaju Grassroots Foundation, AGF, Leader of the Youths and a Raufist to the core._*
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.
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