Uncategorized
Refinery: FG Will Source Forex from Dangote – CBN Gov

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.
This potential reversal of roles was disclosed by the Central Bank Governor, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, Petrochemicals, Fertilizer projects and Dangote deep-water jetty at the weekend.
Emefiele toured the project sites in the company of the President/CE of the Dangote Group, Aliko Dangote; Deputy Governor of the CBN, Aishah Ahmad; Group Managing Director, Dangote Industries Limited, Mr. Olakunle Alake; Group Executive Director of Dangote Industries, Mr. Devakumar Edwin; and the Managing Director of Guaranty Trust Bank, Mr. Segun Agbaje.
The CBN governor premised his comment on the huge forex earnings that are expected to accrue from the export of the petrochemical and fertilizer products from the Dangote refinery and fertilizer plants by the time the fertilizer plant begins operations in May this year, and the refinery takes off as planned in 2020.
Mr. Emefiele, who commended Aliko Dangote for the volume of work done on the Dangote projects since his last visit over two years ago, also enthused that the refinery and fertilizer projects would help Nigeria to create thousands of Jobs and check importation of fuel by the federal government; thereby saving government huge amounts of forex currently being spent on fuel import.
He added that about 55 to 60 per cent of Nigeria’s spending on foreign exchange for the importation of petroleum products and food items would be saved when the Dangote Refinery come on stream. Emefiele said one third of Nigeria’s spending on forex will also be retained when the Dangote Refinery is completed.
Emefiele described the Dangote Refinery as transformational project for Nigeria, which totally keys into the objectives of President Muhammadu Buhari on self-sufficiency in petroleum products, conservation of forex and diversification of the economy. “I am sure by that time, the CBN will be begging Dangote to sell its dollars to the bank,” he said.
He noted that the completion of the refinery would make Nigeria self-sufficient in the production of refined products and also make the country to be among the league of exporters of petroleum products.
Emefiele declared the CBN’s support to any company or individuals who are ready to invest in the transformation of the Nigeria economy. “We are ready to support in Naira and also ready to provide foreign exchange for any investor who is ready to support Nigeria’s transformational agenda.
“I use this opportunity to repeat that we are ready to support any individual like Aliko Dangote who is willing to invest in this country. We will continue to support companies that display the determination to support the CBN. I feel so delighted and I am happy this is happening in my own life-time and I am sure you are all so happy.”
Speaking also, President, Dangote Group, Aliko Dangote, said the project would definitely transform the Nigerian economy. “We have a couple of projects at hand and we will continue with these transformative projects. The biggest problem we have in Nigeria is that we currently import more than we produce like any other African countries. But, by the time we finish our fertilizer plant, Nigeria will be the largest exporter of fertilizer in Africa. We will also be the largest exporter of petrochemicals and the largest exporter of petroleum products in the whole of Africa. This is a major transformation.”
He said the 3billion Standard Cubic Feet gas pipeline and other Dangote Projects are geared towards Nigeria’s economic transformation.
Dangote commended CBN for its moral support to the refinery project. “There are lots going on in Nigeria. We want the CBN to support us like what it did in cement sector, which made Nigeria not only self-sufficient in the production of cement, but it became an exporter of the product. Today, Nigeria will not even import cement because we no longer have capacity for importation of cement,” he added.
In a presentation made to the CBN governor, Group Executive Director at Dangote Industries Limited, Devakumar Edwin, disclosed that the company’s target is for a significant portion of Nigeria’s crude oil production to be refined domestically, rather than imported, thereby creating jobs within Nigeria, and bringing a halt to the current importation of refined petroleum product.
Edwin said the refinery is going to provide over 100,000 indirect employment through retail outlets. He said the refinery is designed to meet Euro V grade, which is the highest standard in the world, hence products can be exported to any part of the world.
“It will be well diversified and able to process Nigerian crude, African crude and crude from other parts of the world. In terms of evacuation routes, two crude oil single point mooring (SPM) buoys and three multi-product SPMs will be located within the Atlantic Ocean to transfer crude oil to a calling tanker.
“The 2-Line Dangote Fertilizer Complex, consisting of Ammonia and Urea plants, is conceived to be one of the world’s largest fertilizer plants with a total capacity of 3 Million Tonnes per Annum of Urea fertilizer. Therefore, the Dangote Fertilizer is positioned to bridge the gap between local demand and national capacity. Dangote Fertilizer Plants will produce Urea that will assist farmers boost their crop yields through easy access to fertilizer,” he added.
news
Ramadan 2026: Let’s Be United, Shina Akanni Urges Muslims.
Ramadan 2026: Let’s Be United, Shina Akanni Urges Muslims.
As Muslims all over the world begins the 30 days compulsory fasting and prayer today,top Fuji Musician Aare Sir Shina Akanni Aroworeyin Scorpido has congratulates them for witnessing another month of Ramadan.
Akanni advised them to follow the teachings of the the Holy Prophet Muhammad (SAW) which is peaceful co existence among themselves and their neighbor ‘because Islam is Religion of peace”.
He said the month of Ramadan is an holy month therefore Muslims should try as much as they can to maintain peaceful coexistence among themselves and others and that they should see themselves as ambassador of peace.
While praying for Nigeria,Aare Sir Shina Akanni Aroworeyin Scorpido said he believes that there will be an economic turnaround soon because what’s is happening now are signs of thought times that never last “if we can pecevere things will get better”.
The Scorpido crooner who recently released a hip hop single titled “Magbelo” said he is currently working on a complete album which will be released before the end of the year.
Aare Sir Shina Akanni Aroworeyin Scorpido whose last album ‘ABCD” is still in hot demand said that his next album will be a pot pouri of all kinds of music because his brand of Fuji music is a blend Fuji , Hip-hop,Apala ,Highlife and others.
Uncategorized
The Enemies Within: Jonahs Are Not Manageable — Dr. Chris Okafor
The Enemies Within:
Jonahs Are Not Manageable — Dr. Chris Okafor
…….“To remove Jonah, you must bring Jesus into the matter.”
When a “Jonah” enters a person’s life, confusion, gossip, blackmail, betrayal, and the pull-him-down syndrome often follow. But the moment Jesus Christ is invited into the situation, the storm subsides and stability is restored.
This was the central message delivered by the Generational Prophet of God and Senior Pastor of Grace Nation Global, Dr. Chris Okafor, during the midweek non-denominational Prophetic Healing, Deliverance and Solutions Service (PHDS) held at the international headquarters of Grace Nation Worldwide in Ojodu Berger, Lagos, Nigeria.
The Clergyman also declared that Nothing Happens Without Spiritual Influence
In his sermon titled “The Enemies Within,” Dr. Okafor declared that nothing happens without spiritual involvement. According to him, every visible battle has an invisible root.
Referencing the biblical story of Jonah, the Man of God explained that Jonah’s presence on the ship gave access to a contrary spirit that tormented everyone onboard.
Despite the losses suffered by innocent traders and sailors, the storm persisted because of one man’s disobedience.
However, he noted that when Jesus speaks into a situation, every storm must obey. Just as Christ rebuked the storm and it ceased, so too will the storms in believers’ lives subside when He is invited into their “boat.”
*The Impact of a Jonah*
Dr. Okafor further emphasized that “Jonahs” are difficult to manage. When such individuals are present in one’s circle, progress becomes delayed.
What should ordinarily manifest quickly may be prolonged or frustrated because someone close—someone who understands you deeply—may be operating as a spiritual adversary.
He explained that negative narratives, unnecessary battles, and unexplained setbacks often begin when a “Jonah” gains access to a person’s inner circle.
*The Solution*
“To remove Jonah from the boat of your life,” the Generational Prophet declared, “you must invite Jesus Christ into the matter.”
According to him, when Jesus takes control of the boat, the plans of the enemy are overturned.
What was designed for downfall becomes a testimony. No storm or battle can succeed where Christ reigns, and the enemy is ultimately put to shame.
The midweek service witnessed a strong prophetic atmosphere, with the power of God evident through deliverance, restoration, and divine revelations.
The Generational Prophet ministered deeply in the prophetic, calling out names, villages, and addressing alleged spiritual strongholds, as many lives were reportedly restored—all to the glory of God.
By Sunday Adeyemi
Uncategorized
FROM BORDER TO MARKETS: HOW NIGERIA’S REFORMS ARE REWRITING AND MODERNISING TRADE FACILITATION By O’tega Ogra
FROM BORDER TO MARKETS: HOW NIGERIA’S REFORMS ARE REWRITING AND MODERNISING TRADE FACILITATION
By O’tega Ogra
On the surface, the 2026 World Customs Organization (WCO) Technology Conference in Abu Dhabi, held in the last week of January, followed a familiar script: flags, formal sessions, carefully worded speeches. But beneath the choreography, something more consequential was unfolding. As customs chiefs and trade officials compared notes on the future of borders, Nigeria arrived not with theory, but with a working proposition.
The Nigeria Customs Service (NCS) Modernisation Project, being implemented through Trade Modernisation Project (TMP) Limited, unveiled to a global audience of customs administrators and policy leaders a window into how Africa’s largest economy is confronting one of the most complex challenges in public administration: reforming the machinery of trade while it is still running.
For decades, customs reform was treated largely as a technical exercise—frequent patches here, shoddy fixes there; new software in one corner, revised procedures in another. Nigeria’s presence in Abu Dhabi signalled something different. TMP Limited, working in partnership with the NCS, advanced the argument that trade is a cornerstone of economic development and must be supported by organic, sustainable partner ecosystems. Such ecosystems deliver speed and trust, revenue and credibility, and secure borders without stifling commerce.
That argument resonated in a room increasingly aware that global trade is no longer defined solely by tariffs and treaties, but by data, interoperability, and the quiet efficiency of systems that simply work.
The annual WCO Technology Conference has, in recent years, become a barometer for the direction of global trade governance. This year’s discussions reflected a shared anxiety: supply chains are more fragile, compliance risks are rising, and governments face mounting pressure to collect revenue without discouraging investment. Customs administrations now sit at the intersection of all three.
Nigeria’s response has been to attempt a full reset.
At the heart of this effort is the NCS Modernisation Project, implemented through a Public-Private Partnership (PPP) arrangement with TMP Limited as the concessionaire. The project seeks to replace fragmented technology deployments and manual processes within the Nigeria Customs Service with a single, integrated framework. This is anchored on B’Odogwu, a Unified Customs Management System (UCMS) that brings together cargo clearance, risk management, payments, and inter-agency collaboration. The ambition is sweeping—and so are the stakes.
Alhaji Saleh Ahmadu, OON, Chairman of TMP, framed the initiative as nothing less than an institutional reconstruction, designed to position the NCS at the forefront of global customs administration technology, aligned with international standards and assurance frameworks.
“Digital trade modernisation is not just about upgrading systems,” he told participants in Abu Dhabi. “It is about upgrading trust, predictability, and confidence in how trade flows through our borders.”
That choice of words matters. Nigeria’s economy has long struggled with the perception gap between its size and the ease of doing business. Investors cite delays. Traders complain of opacity. Government points to revenue leakages. In this context, customs reform becomes as much a credibility project as a technical one.
Saleh’s message was timely and direct: modern trade demands modern customs. Data-driven processes, automation, and risk-based controls are no longer luxuries; they are prerequisites for competitiveness in a world where capital moves faster than policy.
The institutional face of this digital transformation is the Comptroller-General of Customs, Bashir Adewale Adeniyi, who led Nigeria’s delegation to Abu Dhabi. His message reflected a subtle but important shift in how customs leadership now understands its role.
“Customs administrations today must evolve from gatekeepers to facilitators of legitimate trade,” Adeniyi said. “Nigeria’s customs modernisation project reflects our determination to place the Nigeria Customs Service at the centre of national economic transformation.”
It is a familiar refrain globally, but one that carries particular weight in Nigeria, where customs revenue remains a critical pillar of public finance. Automation, Adeniyi argued, is not about weakening control; it is about strengthening it through intelligence rather than discretion.
Risk management systems reduce unnecessary physical inspections. Integrated platforms limit human contact. Data analytics improve compliance targeting. When executed well, the result is faster clearance for compliant traders and tighter scrutiny for high-risk consignments.
In Abu Dhabi, peers from Asia, Europe, and Latin America listened closely to Nigeria’s presentation. Reforming customs in a small, open economy is one thing. Doing so in a market of over 200 million people, home to some of Africa’s busiest ports and its largest economy, is quite another.
Nigeria’s engagement emphasised that customs modernisation is embedded within a broader economic reform agenda under President Bola Ahmed Tinubu, GCFR. Simplifying trade procedures, strengthening revenue assurance, and aligning with international standards form part of a wider effort to reposition the economy for investment-led growth.
What makes the project particularly noteworthy is its insistence on end-to-end coherence. Rather than digitising isolated functions, the reform aims to connect agencies, harmonise data, and reduce duplication across government—an all-of-government approach that acknowledges an uncomfortable truth: trade friction is often created not at the border, but between institutions.
The WCO 2026 Technology Conference offered Nigeria more than a platform; it provided a stress test. Questions from peers were pointed. How will change be sustained across political cycles? How will capacity be built? How will entrenched institutional behaviours be unlearned?
The responses were pragmatic. Reform is being phased. Training programmes are ongoing. International benchmarks are being adopted not as slogans, but as operating standards. There were no claims of perfection—only a clear statement of intent.
“Our engagement here underscores Nigeria’s commitment to international cooperation,” Adeniyi noted. “We are learning, sharing, and contributing to global conversations on the future of customs administration.”
That contribution matters. As Africa moves to deepen regional trade under continental frameworks, customs efficiency will determine whether integration succeeds in practice or remains aspirational on paper. Nigeria’s experience, if successful, could offer a valuable template for other developing economies navigating similar constraints.
In Abu Dhabi, the mood was cautious but curious. Reform fatigue is real in many countries. Yet there was a growing sense that Nigeria’s effort—precisely because of its scale and difficulty—deserves attention.
Borders are rarely glamorous. But they are decisive. In choosing to modernise its borders in public, under global scrutiny, Nigeria is signalling something beyond technical competence. It is signalling seriousness.
And in global trade, seriousness still counts.
O’tega Ogra is Senior Special Assistant to President Bola Ahmed Tinubu, GCFR, responsible for the Office of Digital Engagement, Communications and Strategy in the Presidency.
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING







You must be logged in to post a comment Login