Business
” My mission In Nigeria”- US based Architect Akin Akinyemi
Mr Akin S Akinyemi may not ring a bell in Nigeria political cycle, but he does back in the united state where he has been residing for more than two decades. In a chat with Sahara weekly, he informed us on why he is back to Nigeria and other sundry issue.
Can we meet you?
My name is Akin Akinyemi ,I am an Architect. I attended the University of Lagos before I moved to America for my graduate studies and of course I got married. Then I decided to stay there and practice. But my heart has always been back home (Nigeria). Every now and then, I come home on a mission to accomplish some goals and go back.
When did you relocate to the states?
When I was 21 years old, I have been in the state for 31years, but I come home more often for humanitarian project.
No doubt you came from a privilege background tell us about your family?
One thing with me and what my dad taught me is that I see all human beings as the same, I never consider myself privilege, I will rather use the word comfortable ,I grow up in Ebuta meta. we were well known; am lucky to have a supporting family while growing up.
Are your parents still alive?
My father died a long time ago when I was just seventeen years old and my mum died January this year.
What exactly do you do in America?
I Am an architect by profession, I work in a very big firm in Atlanta for four years. After my higher degree
I started my own business in the states which was rear at that time; I have been doing it for over twenty five years. Then I went into politics, I was the first elected African to a local government in the states. It’s really a blessing to be able to do those things. What am going to talk about is my current mission, while am at home (Nigeria) this time. Right now I am teaching and also doing my doctorate degree in urban planning, the main reason while am doing that is because I have a vision in Nigeria.
I will show it to you; I have been working on it for seven years, I have met with officials here, I have presented the ideals, but you often find out that academic research is a gateway to solve another
Problem and so when I talk and write, am doing an index study.
What is your mission in Nigeria?
Am on a quest to improve Nigeria, and there are many ways to improve a country and a community; there are medical need, agricultural need etc but as for me, am focusing on my area of discipline which is Architecture, planning and building the environment. When I met with a lot of senior government officials and corporate leaders, one of the points they have with it is the fact that it’s a government job to do those things which am proposing that people should do for themselves, and why I did not disagree with them is that, the government collect revenue and taxes they need to use it wisely, and at the same time we cannot continue to wallow and suffer. We all know the condition of some Nigeria roads. We know the environmental issue with the gutter system. Why we will continue to tell the government to play their part, we also should play ours too. Thus, what am trying to do is to get people together to form an association and then approach their government and say look, this is deplorable, we can raise some money and help to improve this condition. We just need their authorization to do that and maybe give them little token of maybe 10 percent of the cost. That’s all and then each community will have their own different approach raising the money. I have a very unique one that I will unravel with time but I felt that is do able, its controversial, its not easy but people can really do it to raise money. And again you won’t want to impose your own ideal on people even if it were a great ideal. So what am going to do is to do a research to see how people will feel by this type of thing.
What really prompted you to come up with this initiative?
The environmental hazards, unnecessary challenges and stress, unbearable atmosphere, bad roads and difficulty in locating places easily, among other challenges of our geographical settings, places or streets people encounter on daily basis, spurred me to make a research in providing a solution. Though it is the government’s responsibility, we should not fold our arms if the government is not forthcoming, but rather look for an alternative. A lot of streets and places have suffered setbacks because of absolute neglect and lack of maintenance. The interesting thing is that it doesn’t take much to make a transformation; only the will to say ‘yes we can’.
My life is testimony to that, because as a Nigerian, going abroad to establish a business; the first and only African-American minority business in North Florida and also to run for a public office in the U.S appeared impossible. But they happened. I don’t think there is a limitation to what we can do if the will is in place.
Nigeria has encountered series of challenges through environmental hazards, building dilapidation and bad roads. How will this initiative contribute to the solution of these major problems?
I am familiar with these challenges and what I discovered is that many things are missing, especially in building construction. A cement block is supposed to have the strength to carry about five-storey building, but because the quality has been diluted and there is no regulation to ensure standard, this led to the increase in building dilapidation. It is time we improved on our quality control so as to avoid further accidents. More so, there are other materials such as efun, which is also good for building constructions. This is on our shores in this country. Efun is what is used to make shield rock in the U.S. I just came from Ghana; it’s used over there but we don’t feel like using it here. In fact, this will also minimise the cost of constructions. The initiative is not based on building alone, but my diverse knowledge could proffer solutions to this too. Nigerians needs to improve on our environment, because it tells a lot about us, especially on our health and the way we are perceived. This initiative is based on how to ensure every nook and cranny look good, neat and accessible through a collective effort in improving the quality of life without any constraints.
As a politician, how do perceive the Nigerian politics, especially with the new government?
I am so proud of Nigerian politics, though it is not perfect. Politics is not perfect in the U.S. too. I was growing up here in the 70s when our first democracy was overthrown. Our military also did a good job, even when Muritala Muhammad was assassinated. It is a welcome development that we eventually sustained our democracy till now. The political system in Nigeria is encouraging compared to other countries where one party dominates. For the first time in the history of Nigeria, we had a change of government from one political party to another. But people don’t understand how huge that maturity is when it comes to a democratic society.
How soon are you kicking off?
Like I said I have no time table for the actual project till when am done with the research in few months.
No doubt you will want to benefit from it?
Absolutely, even I personally will be proud to say I made things happen in a positive way for Nigeria; my services will be highly rewarded.
This project you are about to embark on is it a team work or just you?
Right now it is my brain child but it’s going to be run by a citizen board, each community will form an association.
Which political party do you belong to in the states?
I am a democrat.
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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