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Fadahunsi Backs Tinubu, Declares PDP Dead

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From Ayinde Akintade, Osogbo

A former chieftain of the Peoples Democratic Party (PDP) and representative of Osun East Senatorial District in the 9th National Assembly, Francis Fadahunsi, yesterday thrown his weight behind President Bola Tinubu, describing him as a “God-sent leader” whose policies are stabilizing Nigeria’s economy.

Fadahunsi, who defected a couple of months ago from the PDP to the All Progressives Congress (APC), spoke during a gathering of party stakeholders in Osun State.
The outspoken lawmaker said that although he and others had long been critics of successive governments, Tinubu’s Renewed Hope agenda had begun to yield tangible progress, particularly in efforts to revive the economy and alleviate hardship among ordinary Nigerians.
“We have always been critics of government,” Fadahunsi said. “When the late President was alive, we stood our ground. But when we saw the upward movement of the economy under President Tinubu, we had to take it easy. We have no other choice than to support him so that the less privileged will survive.”The senator, who hails from the Ife/Ijesa axis of Osun State, acknowledged that food prices remain high but noted that the situation has improved compared to previous months. He expressed optimism that by the end of this year or early next year, Nigerians would begin to feel the positive impact of the administration’s economic reforms. “Things will improve, and there will be mass production,” he assured. “We are all suffering now, but this government is listening. God really sent him, and our prayer is that He will give him good health so that the common man will breathe.”Fadahunsi also took a swipe at the PDP, accusing it of self-destruction and loss of direction. According to him, the party had “abandoned itself,” while many of its members were already defecting or aligning with the APC in support of President Tinubu.“We are not abandoning PDP; it is PDP that abandoned itself,” he said. “There’s no road in the place again. They may soon need cutlasses to find their way. APC will forge ahead — there’s no vacancy anymore. PDP is as good as dead.”The Lawmaker further hinted at backing President Tinubu for a second term, noting that Nigerians across party lines now recognize the need to consolidate the gains of the current administration for long-term stability.“People across parties are joining him so that he can win the second term and stabilize the economy so our children will enjoy it,” he said. “In Ife/Ijesa, he has started what he promised us, and we will have cause to smile soon.”Political observers believe Fadahunsi’s remarks reflect a growing realignment in Osun politics, where several opposition figures have recently expressed willingness to cooperate with the APC-led government at the federal level.

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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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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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