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”The current administration is fighting Boko Haram with the weapons i acquired – Goodluck Jonathan
Former President Goodluck Jonathan, who is yet to say anything about the On-going probe of his National security adviser over $2.1bn arms procurement scandal has told those anticipating his part of the story that he would, at the “appropriate time”.
He further said the weapons the present administration is using to fight boko haram are the ones he acquired.
At a press conference in Geneva, Switzerland, on Wednesday, Mr. Jonathan emphasised the importance of education in fighting terrorism.
He later tweeted about his readiness to speak on the alleged arms funds mismanagement.
“My voice will certainly be heard at the appropriate time regarding the alleged arms funds mismanagement,” the former leader said.
“I would not want to interfere with the proceeding by the judicial system that my administration worked tirelessly to strengthen.
My post presidential focus is advancing democracy and good governance in Africa.”
Mr. Jonathan later added that the Buhari administration, which is investigating the scandal, is currently fighting Boko Haram with weapons his government purchased.
“G and collectively I am confident we will eradicate them,” he tweeted.
Earlier at the press conference, Mr. Jonathan said lower education levels are linked to poverty and poverty is one of the chief causative factors of crime whether it is terrorism or militancy or felonies.
According to him, there are obviously other dimensions to the issue of insecurity in Nigeria and particularly terrorism, the dearth of access to formal education over years created the ideal breeding ground for terror to thrive in parts of the country.
He added, “Education is one of those issues. If former African leaders can form themselves into an advisory group to gently impress on incumbent leaders the necessity of meeting the United Nations Educational, Scientific and Cultural Organization (UNESCO) recommended allocation of 26% of a nations annual budget on education, I am certain that Africa will make geometric progress in meeting her Millennium Development Goals and improving on every index of the Human Development Index.
“Data has shown that as spending on education increases, health and well being increases and incidences of maternal and infant mortality reduce.”
Mr. Jonathan explained that while in office he began the practice of giving education the highest sectoral allocation beginning with his first budget as President in 2011.
“My policy was to fight insecurity in the immediate term using counter insurgency strategies and the military and for the long term I fought it using education as a tool,” Mr. Jonathan said.
“As I have always believed, if we do not spend billions educating our youths today, we will spend it fighting insecurity tomorrow. And you do not have to spend on education just because of insecurity. It is also the prudent thing to do.
“Nigeria, or any African nation for that matter, can never becomewealthy by selling more minerals or raw materials such as oil. Our wealth as a nation is between the ears of our people.”
The former president said it was no coincidence that the Northeast epicenter of terrorism in Nigeria is also the region with the highest rate of illiteracy and the least developed part of Nigeria.
Explaining that in Nigeria though the federal government does not have a responsibility for primary and secondary education, he could not in good conscience stomach a situation where 52.4% of males in the Northeastern region of Nigeria have no formal Western education.
According to him, the figure is even worse when you take into account the states most affected by the insurgency.
He said, “83.3% of male population in Yobe state has no formal Western education. In Borno state it is 63.6%.
“Bearing this in mind is it a coincidence that the Boko Haram insurgency is strongest in these two states?
“So even though we did not have a responsibility for primary and secondary education going by the way the Nigerian federation works, I felt that where I had ability, I also had responsibility even if the constitution said it was not my responsibility.
“Knowing that terrorism thrives under such conditions my immediate goal was to increase the penetration of Western education in the region while at the same time making sure that the people of the region did not see it as a threat to their age old practices of itinerant Islamic education known as Almajiri.”
Mr. Jonathan noted that for the first time in Nigeria’s history, the federal government which he led set out to build 400 Almajiri schools with specialized curricula that combined Western and Islamic education.
He said 160 of them had been completed before I left office.
“I am also glad to state that when I emerged as President of Nigeria on May 6th 2010, there were nine states in the Northern part of the country that did not have universities,” he said.
“By the time I left office on the 29th of May 2015, there was no Nigerian state without at least one Federal University.”
The former president recounted that the fall of the Gaddafi regime in August 2011 led to a situation where sophisticated weapons fell into the hands of a number of non state actors with attendant increase in terrorism and instability in North and West Africa.
Mr. Jonathan explained that his administration initiated partnership across West Africa to contain such instability in nations such as Mali, which I personally visited in furtherance of peace.
He said, “And with those countries contiguous to Nigeria, especially nations around the Lake Chad Basin, we formed a coalition for the purpose of having a common front against terrorists through the revived Multinational Joint Task Force (MNJTF).
“Those efforts continue till today and have in large part helped decimate the capacity of Boko Haram.”
He also explained that his administration waged the anti-terror was with the effort to improve intelligence gathering capacity, lamenting however that this has not enough attention.
“Prior to my administration, Nigeria’s intelligence architecture was designed largely around regime protection, but through much sustained effort we were able to build capacity such that our intelligence agencies were able to trace and apprehend the masterminds behind such notorious terror incidences as the Christmas Day bombing of the St. Theresa Catholic Church in Madalla, Niger State.
“Other suspects were also traced and arrested including those behind the Nyanya and Kuje bombings.
“Not only did we apprehend suspects, but we tried and convicted some of them including the ring leader of the Madalla bombing cell, Kabir Sokoto, who is right now serving a prison sentence.”
The former president said he would use the newly Goodluck Jonathan Foundation to further democracy, good governance and wealth generation in Africa.
He said, “Of course, Charity begins at home and for the future, what Nigeria needs is to focus on making education a priority.
“Thankfully, the administration that succeeded mine in its first budget, appears to have seen wisdom in continuing the practice of giving education the highest sectoral allocation. This is commendable.
“I feel that what people in my position, statesmen and former leaders, ought to be doing is to help build consensus all over Africa, to ensure that certain issues should not be politicized.”
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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