COVER
Local Refineries ‘ll Begin Production Soon — Tinubu Assures

…..Local Refineries ‘ll Begin Production Soon
By David Torough
President Bola Tinubu has again assured Nigerians that local refineries will resume operations for the production of petroleum products in no distant time.
Tinubu who was represented by the Executive Secretary, Agricultural Research Council of Nigeria, Professor Garba Sharubutu at the 11th Convocation of the Michael Okpara University of Agriculture, Umudike (MOUAU) over the weekend, expressed confidence that the prevailing high cost of fuel would significantly decrease once the local refineries commence operations.
On assumption of office in May, Tinubu announced plans for the Port Harcourt refinery to start production before the end of this year.
He stated, “Very soon, some of our local refineries will start production, and the current exorbitant prices of energy will be greatly reduced.
“Bear with us and remain resolute in support of this administration, as we would leave no stone unturned in reversing the severe hardships that our people are currently passing through.
“Part of the supplementary budget that the parliament has approved will be applied to bring interventions to critical segments of the agricultural sector.
“The burden of insecurity is clearly a major challenge in Nigeria, but I assure you that in no distant time, it will become history.”
The promise by Tinubu is coming after the Speaker of the House of Representatives, Abbas Tajuddeen advised that Nigeria should avoid more waste since the Nigerian National Petroleum Company Limited (NNPCL) has been commercialized and is now profit oriented.
Tajuddeen spoke when management of NNPCL, led by the Group Chief Executive Officer (GCEO) Mele Kyari, paid him a courtesy call on Thursday.
He called for measures to turn around the losses suffered by the economy due to the non-productive state of the nation’s refineries by privatising them for better management and productivity.
He lamented the state of Nigeria’s refineries like Kaduna and others, which he said had been moribund for over 20 years even though the staff were maintained, paid and promoted.
He said NNPCL must come up with creative ways for optimal performance to address the issue of non-performing public assets in the oil sector.
In his words, “I am from Kaduna, and the Kaduna refinery has been moribund for more than 20 years. I know of people working there who have been idle all these years receiving salaries and promotions.
“This is inefficiency of a worrisome proportion. The company needs to seek creative ways to repurpose staff strength in such facilities to areas where they can remain productive even in the absence of crude oil at the refineries.”
Meanwhile, Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day next month, founder Aliko Dangote has disclosed.
The refinery is expected to transform oil trading in the Atlantic Basin and remove a lucrative outlet for fuels produced in Europe and the United States that have for years powered the cars, trucks, and generators on the continent.
According to sources, the refinery will start promoting diesel, kerosene, and jet fuel as soon as December 2023.
Speaking with the Financial Times, Dangote, who described Nigeria’s inability to refine its crude oil as “shameful,” despite being a major oil producer for more than 50 years, said the country will, in a matter of weeks, start producing refined petroleum products again.
Dangote, who conceded there were times when he thought the massive project—long delayed and about $8 billion over budget—might jeopardize his business empire, expressed gratitude to God for delivering the multi-billion-dollar project at last, despite many challenges.
He said, “The challenges that we faced, I don’t know whether other people can face these challenges and even survive. It’s either we sink or we sail through. And we thank the Almighty that at least we’ve arrived at the destination. You will not see this kind of project in Nigeria in the next 20 years. No outside contractor had been willing to take on Nigerian risk. We didn’t cut costs. We didn’t cut corners. We didn’t do it for people to clap us. We did it for posterity.”
The International Monetary Fund, IMF, had said it doubts the refinery will reach more than a third of its 650,000 barrels a day capacity by 2025. However, Aliko Dangote was optimistic as he said he believed the refinery could reach its capacity of 650,000 barrels a day by the end of 2024.
The refinery is located in the Lekki Free Trade zone in Lagos State. Once it is fully up and running, it will turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the country that is currently almost totally reliant on imports.
COVER
APC Govs, NASS, Party Leaders Adopt Tinubu for 2027 Presidential Poll

By David Torough, Abuja
The 22 All Progressives Congress (APC) governors yesterday adopted President Bola Tinubu as the sole presidential candidate of the party for the 2027 general elections.This was even as the leaders of both the Senate and the House of Representatives expressed their full support for Tinubu’s second term, stating that the country is currently on a path of growth and progress.
The Progressives Governors’ Forum (PGF’s) Chairman and governor of Imo State, Sen. Hope Uzodimma, spoke on behalf of all the governors at the National Summit of APC at the Banquet Hall of the State House, Abuja.The governors also passed a vote of confidence in President Bola Tinubu.The Vice Chairman of the PGF and Governor of Kaduna State, Senator Uba Sani, joined Governor Uzodimma on the podium to second the motion for the adoption of the President as APC presidential candidate for 2027 poll.Thereafter, Uzodimma put the motion to vote before the participants at the National Summit.Those present were Vice President Kashim Shettima; Senate President, Godswill Akpabio; members of the National Assembly; serving and former governors, and APC members from across the 36 states and the Federal Capital Territory.They, through voice vote and standing ovation, adopted President Tinubu for a second term in office come 2027.Uzodimma said the governors were united in their support for Tinubu’s re-election bid.He said: “That for Nigeria to get to her destination faster in prosperity, that the president should be used and adopted as our flag bearer for the 2027 presidential election, for a second term in office.“That the governors produced by our All Progressives Congress are hereby charged to take responsibility to market our federal government policies, occupy the political space in their domains, and take responsibility for winning all elections in their states come 2027.“It is therefore my humble pleasure, with total humility, to Almighty God to move that this August assembly adopt and concur the position of progressive governors that Mr President carries our flag 2027 and governors take responsibility for delivering this mandate. I’m so move as a motion.”Governor Sani seconded the motion: “I rise to second the motion as ably moved by the chairman of Progressives Governors Forum, the governor of Imo state, His Excellency, Hope Uzodimma, that this August gathering pass a vote of confidence on our able and amiable president, President Bola Ahmed Tinubu, as a sole candidate of APC come 2027 general election.NASS Leadership Endorses Tinubu for 2027 ElectionThe leaders of both the Senate and the House of Representatives have expressed their full support for President Bola Tinubu’s second term, stating that the country is currently on a path of growth and progress.Senate President Godswill Akpabio, who moved the motion on Thursday during the APC National Summit at the State House banquet hall in Abuja, acknowledged that the 2023 election posed significant challenges for President Tinubu.Joined by the Speaker of the House of Representatives, Tajudeen Abbas, Deputy Senate President Barau Jibrin, and Deputy Speaker Benjamin Kalu, among others, Akpabio expressed optimism about the future.He predicted that Tinubu would secure even more states in the 2027 elections, stating that he sees a clear shift in momentum in the President’s favour.Akpabio remarked that despite the challenges, President Tinubu is actively working to reposition Nigeria.The Senate President stated that with opposition parties, particularly the PDP, in disarray, President Tinubu should be re-elected in 2027 as the sole candidate.Akpabio’s position was fully supported by other National Assembly leaders, with no dissenting voices.APC Endorses Tinubu for 2027 Presidential RaceThe All Progressives Congress has endorsed President Bola Tinubu as its flag bearer in the 2027 presidential elections.The Party’s National Chairman, Dr. Abdullahi Ganduje, announced this yesterday, on behalf of its National Working Committee, at its National Summit held at the State House Banquet Hall, Abuja.The endorsement came hours after APC governors and lawmakers cast a vote of confidence on the president and endorsed him for a second term.‘Sweep them Clean,’ Bring More Opposition Members – TinubuPresident Bola Tinubu has welcomed the gale of defections in the ruling All Progressives Congress, saying he expects more opposition party members to join his party.The President said this at the APC National Summit on Thursday in Abuja.In his speech, the President said he is happy about the wave of defections into the APC and urged the ruling party’s leadership to bring in more opposition members.President Tinubu also slammed critics who accused his government of installing a one-party state due to the recent gale of defections. He said those defecting to the APC should not be blamed because they were in a sinking ship.The President said, “You don’t blame people bailing out of a seeking ship, when they have no life jacket. I am glad of what we have and I’m expecting more to come. That’s the game. We are in a constitutional democracy; don’t forget the freedom of movement and freedom association is not criminally punishable. Welcome to the progressives, sweep them clean.”Earlier, the APC National Working Committee members led by the party’s National Chairman, Abdullahi Ganduje, endorsed President Tinubu for a second term.The endorsement followed the National Assembly’s declaration of support for the President as their sole candidate for the 2027 presidential election.Sen. Godswill Akpabio, the President of the Senate, moved the endorsement, which was seconded by Hon. Tajudeen Abass, the Speaker of the House of Representatives.Defect with Me to APC or Resign, Gov Eno Tells Commissioners, OthersAkwa Ibom State Governor, Pastor Umo Eno, has directed all commissioners and political appointees in his cabinet to either defect with him to the All Progressives Congress, APC, or resign from their positions.The directive was reportedly issued during an ongoing State Executive Council (EXCO) meeting on Thursday, where the governor openly confirmed his decision to leave the People’s Democratic Party, PDP, for the APC.Sources present at the meeting disclosed that Governor Eno made it clear that his defection should come as no surprise to any of his appointees, stating:“Anybody who claims he is not aware of my intention to leave the PDP is still living in the 18th century,” he said.He explained that his decision to align with the APC was driven by his admiration for the leadership style of President Bola Tinubu, adding that he wants to work more closely with the Federal Government.The governor issued a stern warning to his appointees, saying he has “nothing to negotiate” with anyone unwilling to follow his political direction.“Apart from elected officials like House of Assembly members and Local Government Chairmen, I have nothing to negotiate with you,” Eno declared.“Let me tell you, anybody who believes that when I leave the PDP he will use the party structure to fight me is lying, because I will still control the PDP structure.”As of the time of filing this report, the State Executive Council meeting was still in session, with further developments expected in the coming hours.Nigerian Voters, not Govs ‘ll Decide Tinubu’s Fate in 2027 – WabaraOn the contrary, former Senate President and the Chairman Board of Trustees, BoT, of Peoples Democratic Party, PDP, Senator Adolphus Wabara, has said that the Nigerian electorate, and not a few governors, will decide the fate of President Bola Tinubu in 2027.Senator Wabara was reacting to the adoption of Tinubu by APC governors as their sole candidate for the 2027 presidential race.However, he commended the governors for giving the President the right of first refusal, which he acknowledged “is a global practice and tradition”. But he added that being the flag bearer of the ruling party does not translate to automatic victory at the pool.Senator Wabara recalled that in 2015, PDP’s presidential flag bearer, President Goodluck Jonathan, was a sitting President but lost to the then opposition APC’s candidate.The former Senate President told the APC governors to allow President Tinubu’s work to speak for him.He said that the Nigerian masses “Who on a daily basis, feel the impact of the APC-led Federal Government, are the only ones to decide the President’s fate in 2027”.The PDP BoT Chairman argued that “it’s too early to overheat the polity with 2027 elections when INEC has not lifted the ban on campaigns.He “advised APC governors to rather concentrate on how to make life affordable for Nigerians, who are battling to survive the hardship inflicted on them by APC’s maladministration”.The former Senate President accused the APC of foisting one party system on Nigeria. He warned of the grave danger such drifting poses to the country’s democracy.COVER
Renewed Herdsmen Attacks Kill Two Soldiers, Two Villagers in Benue

From Attah Ede, Makurdi
Gunmen suspected to be armed herdsmen have reportedly killed four persons, including two soldiers in a renewed attack on a community in Apa Local Government Area of Benue State.The latest attack had led the residents to flee to Ugbokpo headquarters of Apa LGA where they are taking refuge.
Some locals who spoke to DAILY ASSET yesterday identified the attacked communities as Ikobi which is located just a few kilometres away from Ugbokpo, the headquarters of Apa local government area. According to residents, the incident happened on Wednesday at about 3:30AM when the assailants invaded the community in a commando style, ambushing the soldiers who were conducting surveillance in the area and allegedly killing two of them.An eyewitness, who spoke on condition of anonymity, told DAILY ASSET through text message on Thursday that “The herdsmen, yesterday (Wednesday) attacked and killed four persons including two soldiers and made away with the military’s two AK47 and one SMG Gun, at Ijaha Ikobi, in Apa Local Government Area of Benue”.He gave the names of the civilian victims (Natives), who were killed to include; Ocheje Ngbede Sani and Aduba Paul Ogboyi, while names of the two soldiers killed as at the time of filing this report, were yet to be unknown.He lamented that the current security situation in Benue State called for concern of everyone and the entire Nigeria.The source insisted that both military and other paramilitary ought to have taken over the whole surrounding bushes in Apa and Agatu, to clear the insurgents and free the areas for farmers to farm peacefully.”This is a wakeup call to “Mopol 80″ stationed at Odugbo, to rise up to their responsibilities and face the criminal herders headlong and clear the bushes in Apa and Agatu axis and even other parts of zone C. Enough is enough! No one has a monopoly of violence”, he said.”We pray for the souls of the innocent farmers and Gallant Officers who were killed at Ijaha Ikobi in Apa and the souls of others, rest in peace Amen,” he added.Council’s chairman of Apa local government, Adam Ochega Ogwola confirmed the incident to newsmen in Makurdi on Thursday, describing the killing of the soldiers and innocent civilians as quite disturbing.”Yes, I can confirm that two soldiers and two other civilians were killed by herders.”At about 3:30am yesterday I received a call that there was an attack in the Ikobi community and when I called some people, there was no response from them. Later I heard that two soldiers were killed. So this morning, they discovered the bodies of the two civilians.”The attack took place at Ikobi community in Apa. The situation is relatively calm now. Soldiers and police are there to carry out their investigation to ensure that normalcy returns to that community.”Because of the culture of our people, you don’t normally keep accidental dead bodies in the mortuary. We are in the period of hit and run herders. When it happens we may not allow the corpse(s) to stay beyond 24hrs. So, they have been buried while the bodies of the late soldiers have been moved from that community. But I don’t know whether they are in a mortuary in Ugbokpo or in a mortuary in Makurdi”, the chairman stated.Effort to get confirmation from the Benue State Police Command proved abortive as the spokesperson for the command, Catherine Anene could not respond to calls and texts messages as at the time of filing this report.COVER
Again, Dangote Refinery Slashes Petrol Prices Nationwide

By Tony Obiechina, Abuja
The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide.The new rates now range from N875 to N905 per litre, depending on location.A breakdown of the revised prices shows, Lagos: N875, South-West N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905Prices indicate a N15 reduction per litre across all regions and partner retail outlets, applying to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Before the new price template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions.Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre with the new adjustments.“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.The development comes after the 650,000 Lekki-based refinery on Monday said the naira-for-crude deal allowed it to reduce the price of petrol at the pumps.In a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.The company affirmed that the prices of petrol will remain affordable and stable.