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Diri Calls for Effective Implementation of Local Content Act

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From Mike Tayese, Yenagoa

The Governor of Bayelsa State, Douye Diri has urged the Federal Government to stop paying lip service towards implementing the Nigerian Local Content Act to give a sense of belonging to oil and gas producing areas in the country.

Governor Diri made the call, on Tuesday, at a dinner organized by the state government for participants at the 12th Practical Nigerian Content annual conference in Yenagoa.

Represented by his deputy, Lawrence Ewhrudjakpo, the governor decried the refusal of the multinational oil companies prospecting for oil and gas in Bayelsa to open their corporate offices in the state.

He described the attitude of the oil majors as a flagrant disregard for the Local Content Act enacted since 2010.

He likened Bayelsa to a cow that is being milked without being fed, describing the situation where oil companies operate in the state but pay taxes to other states merely hosting their headquarters, particularly Lagos State, as most unfair and inequitable.

According to the governor, over 60 percent of the feedstock of natural gas being processed and exported from the LNG Terminal at Bonny in Rivers State is supplied from the gas fields in Bayelsa, whereas, the firms pay all taxes to the Rivers State Government.

This, he noted, does not only negate the natural principle of equity and fairness, but also deprives the state of billions of naira as revenue from taxes every year.

Senator Diri commended the Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Mr Simbi Wabote, for his astuteness that has brought about far reaching strategic changes at the NCDMB.

He, however, urged the Board to prevail on oil companies to open subsidiary corporate offices and pay statutory taxes to the state.

His words: “I must say that the Local Content Board under you has done very well in several aspects. We congratulate you on your achievements.

“But the Bayelsa State Government is not totally happy about where we are. We believe that the Local Content without the oil companies operating from Bayelsa is not local content enough for us.

“All the multinational oil companies have their head offices outside Bayelsa State. They have their headquarters in Lagos State. So, all the PAYE tax is being collected by the Lagos State Government.

“The only thing we collect in Bayelsa is the noise of the helicopter and the fumes coming from the oil and gas industry. For me, that is revenue colonialism or imperialism.

“We must all gather as part of Local Content to stop this inequity and anomaly. If our land is not good enough for the companies to stay, the money from our land should also not be good enough for them to collect.”

Earlier in his welcome remarks, the Secretary to the State Government, Alabo Gideon Ekeuwei, drew a parallel between the country and Singapore, noting that Nigeria is where she is because of poor leadership, 66 years after political independence.

He said Singapore had since moved into the rank of developed nations through patriotic leadership and efficient use of resources, yet Nigeria with all her abundant resources still remains a Third World nation.

Gideon Ekeuwei praised the NCDMB for taking the bold initiative to develop human capacity locally in the oil and gas sector of the Nigerian economy through its annual Practical Nigerian Content Forum.

In his remarks, the Executive Secretary, NCDMB, Mr Simbi Wabote, expressed gratitude to the state government for providing support to ensure the success of the 12th Practical Nigerian Content Summit.

NEWS

Fresh Terrorists Attack Kills One, Injures Two in Kogi

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From Joseph Amedu, Lokoja

A yet to be identified gunmen suspected to be armed terrorists have attacked two communities in Kogi state killing one resident and injuring two others.

The affected communities are Edede and Ojapata communities both in Oganenigu, Dekina local government of Kogi state.

The gunmen who stormed the communities at about 3:30pm on Tuesday shot dead one Nasiru Ulayi and also razed several residential houses in Ojapata and Edede, rendering many homeless and forcing them into displaced camps.

In a similar attack, gunmen ambushed two members of the local Vigilante in Onitcha-Igo in Ofu local government of the state.

The vigilante members who were on routine patrol unconsciously walked into the ambush and the gunmen opened fire on both of them.

The vigilante members skillfully escaped the rain of bullets, but were fatally wounded during the attack.

DAILY ASSET learnt that the vigilante men were rushed to the Federal University Teaching Hospital (FUTH) Lokoja for urgent medical attention.

One of the victims is said to be currently undergoing surgery as the medical personnel battle to treat bone fracture.

Eye witness said there are growing activities of kidnappers in the affected communities. “The kidnappers in this local communities are brazen and determined to flourish in their trade not minding the presence of security”

However, the Kogi State Police Command is yet to confirm the incident as efforts to reach the Police Public Relations Officer Afusat Oyiza Saliu failed.

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Foreign News

Boko Haram Militants Kill 23 Soldiers in Chad

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The Chadian armed forces on Tuesday said that 23 soldiers were killed and 26 hurt in an attack by Islamist militant group Boko Haram on a base on the shores of Lake Chad.

Army spokesman Issakha Acheikh Chanane said that the attack late on Monday on the island of Barka Tolorom in Lake Chad was repelled by Chadian forces and that “a significant number of militants were neutralized.

Chadian President Mahamat Idriss Déby Itno called the attack “cowardly” in a post on Facebook.

“In the face of barbarism, Chad stands firm, united, and unyielding,” the president said.

“Obscurantism will never prevail over the Republic. We will continue the fight with renewed determination until this threat is eradicated.”

Boko Haram, which was founded in Nigeria in West Africa, has been carrying out repeated attacks in the neighbouring Central African countries of Chad and Cameroon for years.

The islands in Lake Chad in the common border area of the three countries are now the militia’s main retreat.

The worst attack in Chad occurred in March 2020 on the Bohoma peninsula, where around 100 soldiers were killed. 

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NEWS

Dangote Cement Grows Exports by 71.6 Per Cent, Posts N421bn Profit

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By Tony Obiechina, Abuja

Dangote Cement Plc delivered a strong first-quarter performance in 2026, with cement and clinker exports from Nigeria rising by 71.6 per cent as the company expanded its footprint across Africa.

The cement giant disclosed in its unaudited Q1 2026 financial results that it completed 10 clinker shipments from Nigeria to neighbouring markets during the period, reinforcing its status as Africa’s leading cement exporter.

Group installed production capacity also climbed to 55 million tonnes per annum (MTA) across the continent, while total sales volumes grew by 13.8 per cent year-on-year.

This growth was driven by an 11.

5 per cent increase in Nigerian operations and a 19.5 per cent rise across pan-African markets.

Group Managing Director and Chief Executive Officer, Arvind Pathak, described the performance as an exceptional start to the year.

According to him, revenue rose by 20.4 per cent year-on-year to ₦1.198rn, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 22.8 per cent to N567.1bn.

He said the company’s disciplined cost management and efficient operating model were instrumental in converting sales growth into stronger profitability.

Profit before tax for the quarter stood at N421.1bn, marking a 35 per cent increase from N311.9 billion recorded in Q1 2025. Earnings per share also rose significantly to N19.14 from N12.29.

Pathak highlighted the rapid expansion of the company’s export business, noting that growing clinker shipments from Nigeria further strengthened Dangote Cement’s strategic leadership in regional trade.

He also revealed progress on key expansion projects, including the newly commissioned 3MTA grinding plant in Côte d’Ivoire, alongside ongoing projects in Itori, Ethiopia, and other strategic African markets.

The company aims to increase total production capacity to 80MTA by 2030 as part of its long-term growth strategy.

Dangote Cement currently operates 35.25MT capacity in Nigeria, with major plants located in Obajana, Ibese, Gboko, and Okpella.

Through sustained investment in local manufacturing, the company has successfully transformed Nigeria from a cement-importing nation into a net exporter, supplying clinker and cement to countries across West and Central Africa.

With resilient demand across its markets and ongoing expansion initiatives, Dangote Cement says it remains optimistic about maintaining strong growth and delivering long-term shareholder value throughout 2026.

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