NEWS
Dangote Targets 2m Women in Refinery IPO
By David Torough, Abuja
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has announced plans to support up to two million vulnerable women across Nigeria to participate in the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals Limited.
Dangote made the disclosure in New York during the 81st United Nations General Assembly, in response to a question from the Secretary to the Yobe State Government, Dr Goje Mohammed, on how public-private partnerships could help communities affected by conflict develop sustainable sources of income.
Under the proposed initiative, the Aliko Dangote Foundation will work with state governments to identify vulnerable women, particularly widows and those affected by conflict, and assist them in acquiring shares in the refinery.
Dangote said the programme would go beyond helping the beneficiaries purchase shares, with the Foundation also providing additional shares that the women could retain as a long-term financial asset.
“We are partnering with state governments to ensure that widows and other vulnerable women are able to buy shares in the refinery,” Dangote said.
He added that women who participate in the IPO would receive additional shares donated by the Foundation, which could serve as a form of savings for the future.
The initiative is expected to reach about two million women nationwide, potentially expanding access to investment opportunities among financially vulnerable groups through one of Nigeria’s major capital-market offerings.
The proposed programme forms part of the broader objectives of the Dangote Refinery’s “People’s IPO”, which seeks to increase Nigerian participation in the ownership of the $20 billion refinery, according to a statement from Dangote.
NEWS
FG Probes Assets of 20 Ministers, 30 Perm Secs
By David Torough, Abuja
The Code of Conduct Bureau (CCB) has investigated and verified the assets of more than 20 ministers and 30 permanent secretaries as part of an intensified effort to strengthen accountability among public officers.
CCB Chairman, Abdullahi Bello, disclosed this in Abuja on Wednesday at an anti-corruption and asset-tracing stakeholders’ workshop organised by the Human and Environmental Development Agenda (HEDA) in collaboration with the Platform to Protect Whistleblowers in Africa.
Bello said the bureau had moved beyond simply receiving asset declaration forms and was now examining declarations, investigating suspected breaches and prosecuting offenders.
“We are not submitting forms anymore. Now, we’re examining the forms, we’re also investigating, and we’re also prosecuting,” he said.
He said the bureau’s verification exercise had focused on high-profile public officers, adding that it had interviewed and verified the declarations of more than 20 ministers, 30 permanent secretaries, 32 health agencies and other senior officials.
According to Bello, public officers may be invited to the bureau for face-to-face examination of their records as part of the verification process.
He explained that assets are verified at the beginning of an official’s tenure and again at the end, with unexplained increases potentially triggering further investigation and prosecution.
“If you see any difference between the beginning and the end that can only be explained by your non-social income then we investigate you and prosecute you,” Bello said.
The CCB chairman stressed, however, that the bureau does not have to wait until an official leaves office before commencing an investigation.
He said investigations could begin whenever the bureau receives an allegation or intelligence concerning an official.
“If there is any allegation against you, we can also investigate. Or if there is intelligence against you, we can also investigate,” he said.
Speaking at the workshop, HEDA Executive Secretary, Arigbabu Sulaimon, called for stronger collaboration between government agencies and civil society organisations in the fight against corruption.
Sulaimon said the workshop was designed as a technical working session aimed at improving intelligence sharing, strengthening inter-agency cooperation and enhancing the role of civil society in tackling corruption.
He also urged greater use of the Proceeds of Crime Act and the CCB’s statutory powers to trace and recover illicit assets.
On whistleblower protection, Sulaimon called for stronger safeguards for individuals who provide information on corruption and other crimes, saying improved protection would encourage more people to come forward.
NEWS
Ima Gas Project: $800m FID Unlocks 53-Year-Old Field
By David Torough, Abuja
Nigeria’s long-delayed Ima Gas Field is set for development after AMNI International Petroleum Development Company Ltd. and TotalEnergies EP Nigeria took the Final Investment Decision (FID) on a project expected to attract more than $600 million in development investment and generate up to $800 million in value.
The shallow-water field, located about eight kilometres offshore in OMLs 112 and 117, was discovered in 1973 but remained undeveloped for more than five decades.
First gas is expected by the end of 2028, with production projected to reach about 350 million cubic feet per day at plateau.President Bola Tinubu, who welcomed the FID on Wednesday, said the project demonstrated the impact of reforms aimed at making Nigeria’s oil and gas sector more competitive and unlocking previously stranded resources.
According to the President, the development will create opportunities for Nigerian engineers, technicians, contractors and businesses, while stimulating economic activity in host communities and increasing gas supplies and export earnings.
The project is expected to supply about one-third of the gas required for the expansion of Nigeria LNG’s Train Seven, supporting the planned increase in the company’s liquefaction capacity from 22 million tonnes to 30 million tonnes per annum.
The development is being led by TotalEnergies as operator with a 40 per cent interest, while Nigerian-owned AMNI holds a 60 per cent interest. Nigerian financial institutions are providing more than 75 per cent of the project financing, highlighting the growing role of domestic capital in major energy developments.
About 60 per cent of the development workforce is expected to come from host communities, including Bonny, Finima and Andoni in Rivers State. The project also targets extensive Nigerian participation, with key contractors expected to be local companies.
TotalEnergies Managing Director, Matthieu Bouyer, described the FID as a vote of confidence in Nigeria’s oil and gas industry, saying the project would combine international technical expertise with Nigerian financing, contractors and workforce.
The company said Ima had been designed as a low-cost, low-emissions development, with electricity supplied from shore, no routine flaring and permanent methane detection and monitoring systems.
President Tinubu said the Ima FID was the fourth major gas project to reach investment decision under his administration, following the Iseni, Ubeta and HI projects.
He attributed the renewed momentum to reforms introduced to improve fiscal competitiveness, shorten contracting timelines, reduce project costs and provide greater certainty for investors, particularly in onshore and shallow-water gas developments.
Special Adviser to the President on Energy, Olu Verheijen, said the Ima development illustrated the transition from gas resources remaining underground to their conversion into jobs, business opportunities, government revenues and industrial growth.
AMNI Chairman and Chief Executive Officer, Tunde Afolabi, said the FID demonstrated that Nigeria could still attract long-term investment when indigenous and international companies combine technical expertise, financial discipline and local knowledge.
He stressed that the FID marked the beginning of the project’s execution phase, with attention now turning to safe delivery, technical integrity, environmental responsibility and meaningful engagement with host communities.
The Ima project is also expected to strengthen Nigeria’s broader gas strategy by providing feedstock for LNG exports and industry, while supporting potential growth in fertiliser, petrochemicals and power generation.
The development comes as Nigeria seeks to convert its large gas reserves into productive assets and increase the contribution of the sector to domestic economic activity and foreign exchange earnings.
NEWS
Ministry of Regional Devt Fetes 24 Retirees, Urges Continued Service to Nation
By David Torough, Abuja
The Ministry of Regional Development has celebrated 24 retirees, recognising their years of dedication to public service and urging them to remain active by sharing their knowledge and experience even after retirement.
The Permanent Secretary of the Ministry, Dr Mary Ada Ogbe, made the call on Wednesday, September 23, 2026, during a retirement celebration organised for the retirees.
Ogbe commended the retirees for their contributions to Nigeria’s development, particularly their dedication, commitment and achievements throughout their years in service.
She assured them of the government’s welfare packages and severance benefits, which she said were designed to provide financial support before the commencement of their pension payments.
“We are celebrating 24 retirees this morning. We celebrate you, and we are grateful for your commitment, dedication, and service to the nation,” she said.
The Permanent Secretary encouraged the retirees to continue contributing to the development of the country by sharing their experience, knowledge and perspectives in whatever capacity possible.
She also expressed appreciation to staff members who had worked directly with her, thanking them for their patience, understanding and support.
In her welcome address, the Director of Human Resources Management, Mrs Tabitha Dagyol, described the retirees as the reason for the gathering and praised their loyalty, integrity and commitment to national development.
She noted that some of the retirees had served for more than three decades, contributing to policy implementation, mentoring younger officers and sustaining the operations of the Ministry during challenging periods.
Dagyol said the retirees had served across different grade levels and cadres, including the Directorate, Administrative, Technical and Support cadres. She added that between May 2025 and September 2026, the Ministry had bid farewell to several officers as they reached retirement.
According to her, the retirees had contributed to the evolution of the institution from its formative stage as the Ministry of Niger Delta Affairs to its present expanded mandate as the Ministry of Regional Development.
She described retirement as a transition into a new chapter that could provide opportunities for rest, family life, community service and personal pursuits.
Dagyol also urged serving workers to draw lessons from the retirees’ careers by remaining punctual, diligent and committed to leaving the Ministry stronger than they found it.
Speaking on behalf of the retirees, former Director of Finance and Accounts, Akpan Etop Andy, thanked the Ministry’s management for organising the celebration.
Andy encouraged serving staff to show kindness and support to their colleagues, saying such conduct would help ensure that their contributions were remembered positively when they eventually retire.


