COVER
Ibadan Explosion: FEC Directs Immediate Review of Laws on Explosives
By Ubong Ukpong, Abuja
The Federal Executive Council (FEC) has constituted a committee to review the laws guiding the use of explosives in the country to determine whether they were being violated by illegal miners whose activities led to Tuesday’s deadly explosion in Ibadan, Oyo State.
The explosion killed two persons and wounded about 80 others.
It also destroyed several buildings, vehicles, and other properties.Minister of Defense, Mohammed Badaru, who made the disclosure while addressing State House Correspondents after FEC chaired by President Bola Tinubu at Council Chambers, Presidential Villa, Abuja.
Badaru said the committee is made up of all the security agencies, the Minister of Environment, Ministry of Solid Minerals.
According to the minister, council expressed concerns about the incident and the need to prevent similar incidents in the future.
Speaking on council’s deliberations, the minister said: “In today’s deliberation, the explosion in Ibadan was raised and the government sympathised with the victims and the very good people of Oyo State. And currently investigation is ongoing to find out the real cause of the blast and to see how best we can prevent it happening in the future.
“After that, there is the issue of environmental protection as well as mining, areas protection and forest protection were discussed and a committee was set by Mr. President.
“That includes all the security agencies, the Minister of Environment, the Ministry of solid minerals to look into all these issues, and see how we can provide lasting solutions to stop the issues that centre around environmental degradation both in our forests and the mining sites. And also the rampant illegal mining and the control of earthing in the mining sector.”
Reacting to Governor Seye Makinde’s revelation that the explosion was caused by explosives stored by illegal ministers, the minister noted that there was also suspicion in some quarters that it might have been a gas explosion.
He noted that federal agents were now on ground at the scene of the incident to ascertain the cause and ways to prevent future occurrence.
“The first question has to do with the Ibadan explosion where the governor said that preliminary investigation suggested that there are some explosives around the area where it happened that are owned by some illegal miners.
“Well, we have seen that report. There is another report suggesting that it was a gas explosion. So, our team is there trying to find out what is the cause.
“But for the council to be proactive, it has already set up the committee that I told you to look into how the control of explosives law was broken if indeed there are explosives around the area where this incident happened.
“That was why the committee was set up to look at the rules to see where the chain is broken and see how it can be fixed and gather more information if this is happening rampantly around the country.
“You all know that there is a strict rule in the storage, movement and ownership of these explosives and the rule is being monitored. If there is any case of breakdown, we will find out and deal with it”, he said.
Similarly, an Oyo state member of the House of Representatives, Rep Staley Olajide, on Wednesday, demanded that government must take absolute control of access and usage of dynamites, to prevent misuse by illegal persons to the detriment of the public.
Olajide, who represents Ibadan North West/South West of Oyo state in the House of Representatives, was speaking to journalists against the dynamites explosion in Ibadan.
The lawmaker who was saddened by what befell his constituents, said how these dynamites are acquired, stored and used, must be controlled by government.
He regretted that the activities of illegal miners in the state, caused innocent citizens their lives in the blast.
The House Committee on ICT Chairman, further regretted that the task seems overwhelming to federal security agencies, insisting that state police was the answer to the ongoing killings in the country.
Olajide reiterated the 10th Assembly’s resolve towards the passage of bills on State Policing as part of ongoing efforts aimed at tackling the ravaging insecurity across the country.
While commiserating with Oyo State government and families of victims of the explosion which occured in Ibadan, on Tuesday night, the lawmaker said, “Community policing is actually one of the very smartest way to police your people. somebody sees something somebody knows something, they need to speak at the right time.
“Failure to do so will cause situation like this. So, we are going to reopen that because remember, we’ve also been talking about State Police, we’ll be talking about Community Police.
“So, I think you know situation like this would actually present an urgency to the matter, so that that way we can get the right support that we need to pass whatever legislation that we need to to pass for this.
“So definitely we’re going to pick this up and it’s going to be in the front burner of the activities of the House as soon as we reconvene as a House.”
Hon. Olajide who applauded the prompt intervention of Governor Seyi Makinde and all the First Responders, noted that efforts were on to nip the situation in the bud.
He said: “We woke up to a very horrific situation in Ibadan which happened around 8pm last night. From information gathered so far coming from the office of the Governor of Oyo State, who I must also commend immensely for his rapid response to the situation.
“The dynamite or explosive detonated, we do understand the loss of lives. I do not want to speculate on the numbers of lives yet, because I don’t have those firm numbers yet. But we do know that there are casualties.
“From the Office of the Governor we also understand that a lot of people are in the hospitals receiving treatment, which the Governor has actually made commitments to make sure that everybody is taken care of to get the first class medical treatment that they deserve and they are going to get.
“Also let me say this very clearly that, I want to commend the First Responders NEMA, the Police, DSS and all the emergency responders that have responded to this urgent call.
“At this point, that area remains a crime scene, which means we have to work with the law enforcement to preserve the integrity of that area. I was going to go there this morning, but I was advised against it because going there we will also be part of the problem because if we go there, while the whole area has been cordoned off. And so to go there right now, we could polarize the area and we don’t want to play politics with the lives of our people.
“We’ll let the first responders and all of the security, medical agencies on rescue missions, we’ll let them go through their work. And then we’ll now go there condone with our people and also offer the relief materials because when you have a situation like this.
“And also let me say this, I have spoken to the Speaker of the House of Representative Rt. Honourable Tajudeen Abass. He also has offered his condolences to the people of Ibadan and Oyo State at large. And he has actually mandated me to also go ahead and do more fact-finding and present that to him at the end of today.
“So that we can figure out what kind of materials is needed for our people, so that we can actually come up with some kind of relief for our people.
“It’s unfortunate, but the information that we got it is that one of these illegal miners actually was in possession of this explosive in a residential area, which eventually cause this disaster. But we will find out more information.”
In a bid to unravel the immediate and remote causes of the ugly incident, Hon. Olajide beckoned on Director General of Department of State Security to conduct thorough investigation into the incident.
Business News
DBN Signs $61m Credit Deal With AfDB, Unveils Support Initiative Report
By Tony Obiechina, Abuja
The Development Bank of Nigeria Plc (DBN) has launched DAWN: DBN Action for Women in Nigeria, unveiled its Impact Report and presented MSME Data Assets at the seventh edition of Annual Lecture held in Abuja.
DBN, in a statement on Thursday, said while delivering a welcome address, its Managing Director and Chief Executive Officer, Dr Tony Okpanachi, said the central challenge was no longer reforms themselves but ensuring benefits reach businesses at end of the chain.
He asked how to make sure benefits reach traders in Onitsha, fabricator in Aba, farmer in Kebbi and young founder in Yaba, noting that MSMEs accounted for about half of Nigeria’s GDP and more than eight in every ten jobs, adding that when reform works for MSMEs it works for most Nigerians.
He explained that reform becomes prosperity only when entrepreneurs can act on it whether through long tenor loans to buy equipment, banks willing to take risk or skills and records needed to grow.
He said working through Participating Financial Institutions DBN provides longer term funding, partial credit guarantees through subsidiary Impact Credit Guarantee Limited and capacity building including Entrepreneurship Training Programme.
He disclosed that as at December 2025 DBN had disbursed a cumulative N1.4 trillion to MSMEs through 84 Participating Financial Institutions creating about 1.6 million jobs nationwide.
Under the new five year strategy, the Bank aims to reach more than two million MSMEs with deliberate targets for women led businesses, youth led businesses and underserved states.
On DAWN, Okpanachi said finance alone had not enabled enough women-led businesses to scale.
He said initiative brings together financing, guarantees and credit support, technical assistance, outcome linked grants and market linkages delivered through banks, microfinance institutions, fintechs, aggregators, cooperatives and direct channels.
Its priority sectors are agriculture and exports, healthcare, arts and creatives, technology and green business.
He said DAWN is about moving gender focused lending beyond intention and turning access into opportunity.
On the sidelines of the lecture DBN and African Development Bank held a signing ceremony of AfDB DBN 61 million United States dollars Gender Line of Credit development that reinforces Bank commitment to women led enterprises.
Okpanachi urged Participating Financial Institutions to extend lending into sectors and states where access to finance has been limited, policymakers and regulators to measure reform by what changes for business at end of chain and MSMEs to formalise, keep good records and use support now available.
The Vice President as Special Guest of Honour was represented by Dr Fred Iklaga Senior Technical Adviser in the Office of Special Adviser to the President on Economy.
Keynote speakers were Chief Executive Officer of MTN Nigeria, Dr Karl Toriola, and Chairman of Nigeria Sovereign Investment Authority, Dr Segun Ogunsanya.
Fireside chat featured Chief Executive Officer of Sterling Bank Abubakar Suleiman, manufacturing and trade entrepreneur Mrs Omoyemi Chukwurah and by video Kola Masha of Babban Gona.
The Secretary to the Government of Federation, represented by Augusta Warren Bekaredebo, said 2026 tax reforms would bring relief to many small businesses expressing optimism that a lot of businesses will be smiling by next year because they will be exempted from tax.
COVER
NLC Threatens Nationwide Action as Talks With FG Collapse
By Tambaya Julius, Abuja
The Nigeria Labour Congress (NLC) has threatened possible nationwide industrial action following the failure of talks with the Federal Government over workers’ welfare, petrol prices and other outstanding labour demands.
The warning came after a meeting between the government and organised labour at the Ministry of Labour in Abuja on Thursday, October 22, ended without an agreement.
The congress has given the Federal Government until Tuesday, October 27, to make meaningful progress on the issues, warning that its relevant organs would decide the next line of action if the next meeting fails to produce concrete commitments.
The NLC has also directed its affiliates, state councils and civil society allies to begin mobilising members for possible nationwide action.
In a statement issued after the meeting, the NLC Acting General Secretary, Benson Upah, expressed disappointment over what he described as the government delegation’s lack of preparedness for the negotiations.
According to the congress, organised labour presented its demands in good faith but left the meeting without any concrete commitments from the government.
The demands include a reduction in petrol prices to 2024 levels, renegotiation of the national minimum wage, implementation of agreed tax relief measures and resolution of the terms of settlement involving the Joint Health Sector Unions (JOHESU).
The congress also called for the resolution of issues raised by the Joint Public Service Negotiating Council (JPSNC) over peculiar allowances, wage awards and hazard allowances.
The NLC said the government delegation lacked the necessary authority to engage meaningfully on the issues presented by labour representatives.
“The meeting between the Federal Government and organised labour, convened at the Ministry of Labour in Abuja on 22nd October 2026, has ended without resolution,” the statement said.
It added that the Minister of Labour requested that the meeting be adjourned until October 27 to allow the government to prepare adequately for further discussions.
The preparations, according to the statement, would include bringing relevant ministers and heads of departments and agencies to the negotiating table.
The congress said it remained open to dialogue but would not accept continued delays in addressing workers’ concerns.
“We will report back to our organs, and if no meaningful progress is made on Tuesday, the relevant organs of the NLC will decide the next line of action,” it said.
The labour body urged workers and members of the public to remain calm while the negotiations continue, even as it directed its affiliates and allies to prepare for possible industrial action.
“However, we urge all affiliates of NLC and TUC; all state councils and our civil society allies to be alert and start mobilising for a possible action across the nation while we hope that the tenets of our demands are met by the government,” the statement added.
The October 27 meeting is expected to provide another opportunity for both sides to address the outstanding issues and prevent a possible escalation of the dispute.
However, the NLC’s decision to begin mobilisation suggests that tensions could rise if the next round of talks fails to produce meaningful progress.
COVER
Election Campaigns: FRSC Bars Officers from Politicians’ Escort
The Federal Road Safety Corps (FRSC) has barred its personnel from escorting politicians during campaigns for the 2027 general elections.
Zonal Commanding Officer, RS6, ACM Abimbola Owolabi, gave the directive during her maiden visit to the Cross River Command in Calabar on Wednesday.
Owolabi said patrol vehicles and sirens must not be used for political activities or private engagements, including weddings and funeral processions.
She directed officers deployed to campaign venues to focus exclusively on traffic management to prevent congestion and road crashes.
The zonal head warned personnel against leading political convoys or providing escorts for politicians, stressing that official vehicles must not be used for unauthorised purposes.


