Business
OGUN STATE: THE ERA OF OLD RUM IN NEW BOTTLE BY BARR. HABEEB WHYTE
I remain Habeeb Whyte and I am still obliged with the responsibility that life placed on me to suggest a path towards developmental attempt especially where the State I hail from is concerned. I write this as a pen pusher that is ready to change the cause of his generation, using the pen and advocacy. I hail from Abeokuta where indigenes do not speak out of fear, but where they speak so that changes could be effected. My purpose comes with justification. In saying this, I am not trying to stir up wounds from any angle intentionally or accidentally, and I would like to avoid both situations. When you face a challenge that demands solution or a decision, you have two choices. You either emulate the example set by others or use your own creativity and intelligence to formulate a new idea. Many brilliant ideas have circulated the country and various States have copied their concepts, so much that these once inspired creations often become hackneyed.
However, second hand ideas are not for us here in Ogun State. We would rather lead than follow by a landmark. The problem now is the present crops of leaders in the State, striving to make policies centered on the blueprint of developing Ogun State a priority, especially on the note that our young Ogun indigenes are the precious asset and key to the States future success. Only the deep can call the deep.
Chief Obafemi Awolowo in his broadcast to voters in Ibadan as a Presidential candidate on February 12, 1979 has put the situation of events well when he said, “however, because some political leaders see your manifest destiny as a plaything; they do not intend to take their election promises seriously.
Indeed, they do not intend to take their election promises seriously. Indeed, they do not intend to make any binding undertakings to you. They have postulated no political theories nor have they prepared any coherent or unequivocal party programmes.” As if the late sage was a soothsayer, he has prophesized the exact events that are happening right now in Ogun State. I do not know if most of the elected leaders do forget the basis of been elected into office. In all sincerity, the present day leadership in our dear Gateway State lacks the right styles that can galvanize everyone they govern. The administration is not advancing to its proper destination like a railway goods train full of steam. It started on a good note to an extent. The latter part is not just it at all.
The stifling and scuttling of democracy in Ogun State begins exactly when our elected leaders are been giving the opportunity to lead for the second time. Our leaders are always caught in the web of under-performance during their second term in office. Whether this is a curse or so, no one has been able to accurately give an account. They fall into political liquidation at the time they have been given the second chance to keep transforming the State. One would assume that Ogun State been a State with well educated and exposed people, it can be easily assumed that the level of educated electorates can make her people easy to lead but difficult to drive. More easy to govern than enslave but the latter has govern the former confidently. We are mostly enslaved by our leaders both at the upper and lower level of the State. Most minds have been chained to the power politics system been operated rather than politics of development and welfarism. The State is not only saturated with emerging small minded political dictators, it is a haven for political nitwits and sycophants who worship stomach infrastructure projects and kowtowed anyone at the helms of affairs. It played out during the last local government elections held in the State. It was an eye saw. It is a very bad scene to be featured in a normal and sane political stage. Most Ogun indigenes have turned obsequious electorates. They are only interested and preoccupied with ‘cash for votes processes and it has in turn destroyed the real developmental process of electioneering. It is now in shams.
I know the present Governor was elected because he had a solid plan to deliver the Ogun indigenes from their assumed political miseries and afford him the opportunity to lay an infrastructure foundation for the States rapid industrialization and economic take off and development. No doubt, many Ogun electorates even those outside Ogun State homestead were envious of his first term achievement. I was impressed too. I cannot just explain his recent body languages as to the business of governance in the State. The height of maladministration is alarming. It was the thought of electorates that the influence of the number one citizen of the State with the number one citizen of the country would be of great blessing to the State. The whole politicking is rather than the impressive style and attention seeking mode. The activities of the government would rather be directed to impress the President than unite with fellow Southern leaders to lead a southern cause. The impressive style is a product of having a Minister of Finance from the State. Whether she has been able to lead the country out of recession is another topic for another day. The recent treatment of civil servants in the State is also a worrying issue. The moment the reward of hard work is pain and anguish, development ceases. If the main drivers of the States economy complains that their affairs are been mismanaged and rather than leadership of the State to do everything within their means to avert any eventualities but rather dares the guts of the workers with the invocation of the no work, no pay rule. This is a perfect explanation of how a single person arrogantly abuses the rights of many and tries to rationalize it. Management is more than just a word; it is a full fledged science. In the presence of light, darkness cannot exist; nor can the night of misery and suffering see the day. Light is therefore the symbol of hope. We would continue to pray that the great light shines on the States civil servants not for today alone but forever more.
I have always noted that the task of leaders especially political ones is the need for them to make an inclusion of an appropriate number of suitably qualified youths in their programmes, with an eye to succession. Leaders must learn to keep sight of the bigger picture. The bigger picture is one survival lifes driving force and the reason why all creatures spend each day trying to catch prey or escape their hunters. Survival cannot be achieved by wishful thinking. Continued growth requires huge effort, complete attention and being consistently alert to potential dangers. It is time for the Ogun State government to swiftly switch focus on the inclusion of youths in her programmes. This government has failed in that aspect from inception. It is not good that we keep having old wine in new bottle. Serve us fresh rum and lets toast to a proper political development. Cheers!
(WHYTE HABEEB IBIDAPO is a Lawyer, United Nations Award winner, Africa International Arbitration Award winner, Coca cola/ The Nation Campuslife Award Winner, Promasidor Runner-up for the Best Future Writer in Nigeria, i-Hustle Campaign Initiative Ambassador and Editor Egba Youth Awards Foundation.
Email: [email protected]
@whytehabeeb
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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