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Real reasons Saraki, Tambuwal left APC – Tinubu reveals
The national leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, has offered a political-philosophical analysis on why Senate President Bukola Saraki and Sokoto State Governor Aminu Waziri Tambuwal left the APC.
He said the duo quit because the APC could not offer them what they wanted.
In a major analysis of the political situation in Nigeria, titled “They go Away because We go the Right Way, which he also tweeted, Tinubu said the two defectors left the APC because they “wanted automatic tickets and sharing of the national wealth which the APC could not guarantee”.
“The rest of the defectors were given similar assurances by the PDP as to their offices. The APC refused to make such bargains as they are part of the ancient regime; these bargains are not of our democratic new way.
They “left the party to return to a motley agglomeration that would promise them what true democracy could not: automatic tickets, sharing of the national wealth and other offices and privileges
“Governor Tambuwal’s exit can be distilled to one cause. He covets the presidency. However, he had not the stomach to challenge President Buhari in a primary. Tambuwal felt further insulted that he would be compelled to face a direct primary just to retain the governorship
“But for the promise made by PDP hardliners like Rivers State Governor Wike that he would have the PDP presidential nomination, Tambuwal would not have left. His exit had nothing to do with governance of the nation. It was about forging a personal ambition predicated on the defeat of progressive reform not the advancement of it”.
“Much the same for Senate President Saraki. Returning to the PDP, he harbours dreams of the presidency but Tambuwal’s ambition will dwarf Saraki’s when the two collide. If Saraki had remained in the APC, he would be unable to reclaim his Senate seat let alone the Senate Presidency. He thus bolted because he lusts for the presidency but was promised by the PDP, at least, a return to his position in the Senate”.
“For Saraki to talk about lack of governance is for him to deny who he is and the position he holds. This man stands as Nigeria’s Number 3 citizen. Clothed is he in ample power and influence. If he saw areas where government and the nation needed help, he could have easily applied his energies to these areas. He could have drafted legislation and easily got laws passed.
“However, no progressive enactment bears his name for he cared not for progress. He has been more focused on changing the rules of the Senate to favour himself and changing the order of elections so as to coincide with his selfish designs”.
Asiwaju Tinubu asked the people to go beyond the debate on the numbers in the Senate or House of Representatives, saying “we must pull back from the shallow headlines to recognise that something fundamental is at stake.
“Nigeria is undergoing a historic transition. Sometimes awkwardly, tentatively, yet inexorably, we nurture political and governance reform. We steadily close the door on the old malpractices that have caused a rich nation to reside in the tenement of the global poor”.
“There is nothing wrong with ambition. Without a degree of ambition, we would never strive to improve and develop ourselves. But ambition, restrained by nothing but itself, is a dangerous commodity. Unwedded to social conscience, it leads to ruthlessness; it is the father of the deception that leaders are meant to lord over instead of to serve the populace.
“In the final analysis, the reason for the defections is as clear to see as it is crooked in its motives. The APC seeks to reform governance and politics. However, many powerful people believe the established system assures their maximum benefit. Progressive reform would defeat them. They must fight reform and never be allied to it. Thus, they had to leave the APC.
“In a fundamental way, the APC may be better for their exit. It would be untrue to say their departures did not generate concern. As the air clears and we can better assess what is lost and gained by their exit, I can truthfully say the APC will be better off because they are gone.
“We can more decisively push for the jobs programme, expansion of social security for the poor, affordable housing programs and a viable mortgage system, national infrastructural programme that will provide adequate power and potable water, basic health care for all, and educational reform. Each of these is important in itself. In combination, these objectives shall reshape the very landscape of our political economy. They shall bring fairness and prosperity where none has been. They will give the average person a government that serves them and the land that they deserve.
“We can now focus more wholly on democratic governance inside and outside the party. Inside the party, we have adopted direct primaries to discourage corruption of the democratic process. Regarding public policy, we can now better articulate our progressive stance without having naysayers among complaining that we are going too far or that the good we seek for the people ought not to be done.
“We can more decisively push for the jobs programme, expansion of social security for the poor, affordable housing programs and a viable mortgage system, national infrastructural programme that will provide adequate power and potable water, basic health care for all, and educational reform. Each of these is important in itself. In combination, these objectives shall reshape the very landscape of our political economy. They shall bring fairness and prosperity where none has been. They will give the average person a government that serves them and the land that they deserve.
“But this prospect means a large segment of the political class will oppose the APC. We, as a party, must have the courage to accept this reality. Having decided to place the public welfare above the private welfare of the few, we must forge ahead no matter the foes aligned against us.
”This struggle toward a better Nigeria is hard, described more by difficult obstacles than by smooth passages. Had reform been easy, the task would have already been accomplished. Powerful hands have gathered to halt our collective move forward. Not everyone wants a better Nigeria for all. Those who profit from the imbalances of the past are those who fear a fairer tomorrow.
”Come the general election, the people will face a stark choice. If they want to relive the certain failure and inequality of the system the PDP had erected against their very interests, the people will walk the way of the defectors. If the people want to give themselves a better chance at an excellent nation they will adhere to the path elected in 2015 when they voted for reform and the APC.
“I believe in the collective wisdom of the people. They will choose the right way for they are Nigerians which means they shall do what is right and just”.
” This moral battle informed the recent defections. Those who belong to that PDP mode of thought could find no permanent comfort in walking the path of progressive reform and progress. All the things we have inaugurated such as school-feeding programs for poor pupils, social security for poor families, affordable housing programs, greater access to credit for small businesses and greater access to education and health care, these things the defectors could not well abide. They detested President Buhari’s Treasury Single Account (TSA) innovation because it barred them from mis-directing funds into a maze of unaudited accounts from which they could siphon as they pleased. Buhari cut off their clandestine illicit spigot.
“These politicians see accountable good governance and lifting of the common person as the tearing down of their quest for great riches and power.
Even more so, they detested the APC drive toward greater internal democracy. They bristled when we demanded that congresses and conventions be held; they had demanded giving themselves automatic extension in their positions. They privately erupted as the APC decided that direct primaries where all party members vote on the party’s nominations should be the way of the future. The injection of greater democracy meant a decrease in their ability to manipulate end results. Politics will be ushered out of the backroom and given to the people to whom sovereignty genuinely belongs. These men could not countenance such transformation. They saw it not as the gift of democracy but as an obstacle that complicated their self-interest. They left the party to return to a motley agglomeration that would promise them what true democracy could not: automatic tickets, sharing of the national wealth and other offices and privileges.
“Their defection statements swell with high-sounding words and the attempted grasp of lofty ideals. While I shall refrain from being so coarse as to call these statements counterfeit, I must invoke a sufficient level of common sense for the protection of all. Anyone who accepts their statements at face value will quickly experience buyer’s remorse. Their attempt at fine notions aside, what compelled these people was galloping yet blind ambition.”
The project ends decades search for investors, boosts Nigeria’s blue economy
By Prince Adeyemi Shonibare
Nigeria’s maritime sector is set for a major transformation following a landmark agreement involving the world’s largest container shipping company, Mediterranean Shipping Company (MSC), which has secured a 45-year concession to build, manage and operate a modern container terminal at Snake Island Port in Lagos.
The project, to be developed in partnership with Nigerdock, marks one of the most significant private sector investments in Nigeria’s port infrastructure in recent decades and is expected to strengthen the country’s role as a major maritime gateway in West and Central Africa.
For Nigeria, the agreement brings to close decades of efforts to attract large-scale investors to develop Snake Island Port, a strategically located maritime asset in Lagos.
Long-standing concession history
Snake Island’s maritime facilities date back several decades. In 1992, the Federal Government granted a 99-year concession for the island’s port and industrial facilities to Nigerdock, a major maritime engineering and logistics company.
Nigerdock was later privatised and is currently operated by the Jagal Group owned by Nigerian industrialist Maher Jarmakani.
Over the years, the Island Container Terminal fell into disrepair, requiring major rehabilitation and modernization to meet modern global shipping standards.
The new partnership with MSC is expected to transform the port into a state-of-the-art container handling facility capable of attracting larger vessels and increasing Nigeria’s cargo throughput capacity.
Buhari administration approved the project.
The investment framework for the Snake Island development was approved in May 2023 by the Federal Executive Council under then President Muhammadu Buhari.
The approval authorised total private investment of approximately $974.1 million for the project under a Public-Private Partnership structure, including the 45-year concession period.
At the same time, the Federal Government also approved two other major maritime infrastructure projects:
• Development of the Ondo Multipurpose Port in Ilaje, Ondo State, with $1.48 billion in private investment and a 50-year concession.
• Expansion and development of the Burutu Sea Port in Delta State, involving $1.2 billion in private investment and a 40-year concession.
These projects form part of Nigeria’s broader effort to develop its blue economy and expand maritime trade capacity.
Construction partners
Engineering and construction of the Snake Island container terminal will be handled by:
• ITB Nigeria Limited
• DEME Group
ITB Nigeria Limited is part of the Chagoury Group and owned by the Chagoury family, while DEME Group is a globally recognised Belgian marine engineering and dredging company with extensive experience in port construction.
MSC profile
Founded in 1970 by Italian shipping entrepreneur Gianluigi Aponte and his wife Rafaela Aponte-Diamant, MSC has grown from a single cargo vessel into the largest container shipping company in the world.
Headquartered in Geneva, Switzerland, the company operates in more than 155 countries and serves over 500 ports worldwide, with a fleet of roughly 900 container ships and over 200,000 employees globally.
The MSC Group also operates major logistics and maritime businesses including inland logistics through Medlog, cruise tourism through MSC Cruises, and port terminal operations across several continents.
According to Forbes, the estimated net worth of MSC founder Gianluigi Aponte is about $43.9 billion as of February 2026, placing him among the world’s richest shipping magnates. The company remains privately owned by the Aponte family, with both founders holding equal ownership stakes.
Management comments
Speaking on the development, MSC Group President Diego Aponte said the company is committed to strengthening its operations in Nigeria and across Africa.
“We are proud to expand our presence in Nigeria through this important infrastructure project. The Snake Island terminal will enhance service delivery and improve port efficiency for our customers and partners in the region,”
Chief Executive Officer of Nigerdock, Maher Jarmakani, described the agreement as a major milestone for the Nigerian maritime sector.
“We are delighted to partner with MSC in developing a world-class container terminal that will enhance Nigeria’s logistics capabilities and support economic growth,” he said.
Economic impact
Industry analysts say the project could significantly strengthen Nigeria’s maritime economy by expanding cargo handling capacity, reducing congestion at Lagos ports and attracting additional international shipping traffic.
The development is also expected to create thousands of direct and indirect jobs across maritime operations, logistics, transport services and port-related commercial activities.
Infrastructure expansion
Beyond the port development, plans are also underway for Nigeria’s first underwater tunnel, linking Ahmadu Bello Way in Victoria Island through Snake Island and connecting the Lagos-Calabar Coastal Highway with the Sokoto-Badagry Superhighway corridor through Badagry.
The tunnel project is expected to significantly improve freight movement and road connectivity between Lagos ports and national transport networks.
Strategic milestone
With the entry of MSC into the Snake Island development, industry observers say Nigeria is taking a significant step toward modernizing its maritime infrastructure and positioning itself as a regional hub for global shipping and trade.
For a project that has waited for decades for major international investors, the Snake Island concession represents a turning point in Nigeria’s port development strategy and a strong signal of global confidence in the country’s maritime future.
By Prince Adeyemi Shonibare
news
From Construction Sites to Community Service: Temitope Akinyemi Emerges as a Model of Leadership and Impact
Energy experts in Nigeria’s downstream petroleum sector have defended the pricing structure of the Dangote Petroleum Refinery, accusing some fuel markers of attempting to blackmail the refinery and mislead the public over the recent increase in petrol prices.
The experts said reports suggesting that the refinery’s latest adjustment is solely responsible for the recent hike in fuel prices were misleading, noting that importers are also bringing in petrol at almost a N1,000 per litre, while the refinery’s coastal price is N948 and the gantry or ex-depot price stands at N995 per litre.
They stressed that public comparisons fail to consider the differences in pricing structures and supply channels.
According to the experts, N948 per litre represents the coastal delivery price, which refers to petroleum products transported by marine vessels or barges from the refinery to depots along the coastline. On the other hand, N995 per litre represents the gantry or ex-depot price, which is the rate paid by marketers who load petrol directly from the refinery into tanker trucks at the loading gantry for onward distribution across the country.
The experts explained that the two figures should not be interpreted as conflicting prices but rather as different logistics arrangements within the petroleum distribution chain.
Speaking with our correspondent on Sunday, energy expert David Okon said the pricing adjustments were inevitable given prevailing market conditions.
According to him, Dangote Petroleum Refinery & Petrochemicals operates in a deregulated market and procures crude at international prices, which have risen sharply due to geopolitical tensions in the Middle East.
“The refinery is already absorbing part of the cost to cushion the impact of the crisis on Nigerians. We can see what is happening in other parts of the world where shortages and scarcity are being reported despite higher prices, yet the Dangote Refinery has continued to guarantee domestic supply,” he said.
Okon explained that when the refinery previously sold petrol at N774 per litre, crude oil was landing at about $68 per barrel. However, with crude now arriving at roughly $95 per barrel, the cost difference of about $27 per barrel translates to nearly N40,000 per barrel when converted to Naira.
“You cannot expect a refinery to continue selling at the old rate under those circumstances,” he added.
“If imported products were truly cheaper, importers would still be selling at the previous prices.”
He warned that without local refining capacity, Nigeria could have faced severe fuel shortages, long queues at filling stations and a resurgence of black market sales.
“Without the Dangote Refinery, many filling stations would likely shut down, queues would return across the country and black market traders would exploit the situation, hawking four litres keg at N20,000 or more. The refinery has effectively prevented that scenario,” he said.
Another analyst, Mohammed Ibrahim, also faulted narratives circulating in some quarters suggesting that the refinery’s pricing adjustment was responsible for worsening economic hardship in the country.
Accusing some importers of attempting to manipulate public perception, he said, “What we are seeing is nothing but deliberate blackmail by some fuel importers who feel threatened by local refining.
“They are twisting the pricing structure to mislead Nigerians and create unnecessary panic in the market.
“By exaggerating the refinery’s gantry price and ignoring the comparable costs of imported fuel, they are trying to make it appear as though Dangote Refinery is the cause of rising prices and economic hardship. This is a calculated attempt to protect their import businesses and undermine local refining, which is meant to reduce our dependence on imported petrol.”
Ibrahim added that such narratives were aimed at portraying the refinery as the reason Nigerians were struggling with higher petrol prices.
He stressed that petrol pricing in Nigeria is largely influenced by global crude oil prices, exchange rate fluctuations, and distribution logistics, noting that these factors affect both locally refined and imported fuel in the country’s deregulated market.
Afolabi Olowookere, Managing Director and Chief Economist at Analysts’ Data Services and Resources (ADSR) Limited, explained that although Nigerians expect refined products from the refinery to be significantly cheaper, prevailing market realities such as global crude oil prices, the cost of crude supply and refining margins make substantial price reductions unlikely in the short term.
“Therefore, improving domestic crude allocation to the refinery would strengthen supply stability and enhance the long term benefits of local refining for the economy,” Olowookere noted.
Recent conflicts in the Middle East and disruptions along key shipping lanes have tightened global oil supply, pushing crude prices past $90 per barrel, a development that directly raises the cost of both imported and locally refined petrol in Nigeria.
The unrest has pushed up fuel costs and transportation in several countries, including Ghana, the United States, the United Kingdom, South Africa, India, Canada, Brazil, Germany, France, and Japan, as rising crude prices increase the cost of refining, distribution, and logistics globally.
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