NEWS
NIGERIAN STUDENTS PASS VOTE OF CONFIDENCE ON DANGOTE REFINERY
Students across tertiary institutions in the country under the aegis of National Association of Nigerian Students (NANS) have passed a vote of confidence on the Dangote Refinery describing the recent demarketing of the world’s largest single train refinery by the Nigeria National Petroleum Corporation Limited (NNPCL) as the greatest disservice to the nation’s economy.
The students’ position came amidst alleged efforts by management of the NNPCL to induce the students body’s leadership with $250,000 to dissuade it from going ahead to declare support for Dangote Refinery in the current spat between the refinery and NNPCL. Speaking after a tour of the Refinery facility yesterday in Lagos, leaders of the students’ body comprising of those from Universities, Polytechnics and Colleges of Education, said it would take an enemy of Nigeria to rubbish the gigantic project that would stop importation of fuel once and for all and save the nation of the scarce forex. The NANS Senate President, Akinteye Babatunde Afiz addressing the management of the Dangote Refinery said they had the mandate of Nigerian Students to come and assess the situation of the refinery having been told that the refinery was uncompleted and inferior in all standards. He said: we had a meeting on the situation in the country vis a vis the uncertainty in the oil and gas industry, especially the current fuel scarcity and we resolved to visit Dangote refinery to see things for ourselves, Having gone round the facility, our heart melted at the humongous size of the refinery. “We are speaking the minds of all Nigerian students that Government should direct all marketers to patronize Dangote refinery and ease the current fuel hardship. If anyone wants to compete with Dangote let them go and build their own. Government has four refineries and they are not working yet they don’t want the one that is available to sell. We will not accept that. “Dangote Refinery has come to stay. We have discovered that all claims being bandied around are false. Our impression is that they never expected the refinery to stand, that is why they are against you. But we are pledging our resolve to stand by you.“We have seen the refinery laboratory and we could see that it is world class. We cant allow this type of project that holds great potential for Nigeria’s economy to go down through some people’s disdain for the success of Alhaji Aliko Dangote.” He then urged the government to do all possible to support Dangote Refinery and protect it from saboteurs. Earlier, The Vice-President, Dangote Industries Limited, Devakumar Edwin while welcoming the student leaders to the Refinery thanked them for the concern for the facility ad the resolve to stand for the truth by rejecting the monetary inducement. He told the students that President Tinubu has intervened and commended the President for the directive for crude to be sold to Dangote Refinery in Naira currency, saying it is a good development for all Nigerians. Edwin said the concern of the students was well placed as all Nigerians should be worried indeed because abut 90 percent of Nigeria forex goes into importation of fuel and that Dangote Refinery could help solve the proble as 43 percent of its capacity production could satisfy domestic demand while the remaining will be exported to generate more forex into the country.Wondering why anyone would want to frustrate the refinery, Edwin noted “So much has been spent on the government refineries and there was nothing to show for it as they remained moribund. “What we want to do in Refinery, we have done it other businesses, Nigeria used to be the biggest importer of Sugar, we came in and change the narrative. We led the backward integration scheme of the federal government, and we now produce sugar locally for domestic consumption and others have joined us. We did same in Cement by opening up production plant and today Nigeria exports cement to other countries. “In a business no one was interested in investing into, Dangote delved into it determined to ensure Nigeria no longer imports fuel, invested massively and come up with the world’s largest single train refinery. He said he would not take his money to Dubai or Swiss banks as others are doing, he decided to invest at home and now they are saying he wants to create monopoly. “We didn’t ask for any favour other than that we want to buy crude to produce, first they said there was no crude, later they said we would have to pay some dollars above the prevailing crude market price. And this is a global market where you can track crude prices anytime. We resorted to buying crude from Brazil and United States. Later they said we should not be announcing the price of the products. “Even the US that is the leading proponent of of free market economy protects its local industries by imposing huge duty on from foreign imports just to protect local industries. This is a man that Saudi Aramco once approached to come and cite hie refinery in Saudi Arabia, promising steady supply of cruse. Abu Dahbi also invited him to do same on their soil but he rejected insiting he would build at home, now he did that and a facility that is supposed to add value to Nigeria’s economy is being frustrated.” The Dangote Industries boss said the Company would continue to focus on its business strategy which is to add value to Nigeria economy through investments and job creation for the teeming Nigerian masses.
NEWS
World Bank Tasks FG, States on Sustainable Cash Transfers
By Tambaya Julius, Abuja
The World Bank has urged the Federal Government and state governments to establish a sustainable social protection system, warning that Nigeria’s N658.9bn cash transfer programme needs wider coverage, adequate payments and regular disbursements to provide meaningful relief to vulnerable households.
As of September 2026, the Federal Government had disbursed N658.
9bn to 10.46 million poor and vulnerable households through direct cash transfers, using biometric and digital verification to identify beneficiaries and deliver payments.The bank, however, said the programme must move beyond emergency interventions to a reliable system backed by regular government funding.
The recommendation was contained in its latest Nigeria Development Update, titled ‘Beyond the Federal Purse: How Higher Revenues Shaped State Priorities’.
According to the report, the effectiveness of cash transfers depends on the number of households reached, the value of payments and how consistently beneficiaries receive them.
The bank called for dedicated budget allocations at both federal and state levels, with increased funding from domestic resources to ensure continuity and reduce dependence on temporary interventions.
It also stressed the need for stronger coordination between the two tiers of government to improve the delivery and monitoring of social assistance programmes.
The report said a predictable, adequately funded social protection system would help vulnerable Nigerians cope with economic pressures and improve household welfare.
Mean while, President Bola Tinubu has received the United Nations’ proposed 2027 budget, valued at about $14 billion, from Nigeria’s Permanent Representative to the global body, Jimoh Ibrahim, who described the presentation as a historic milestone for the country, which is chairing the UN General Assembly’s Fifth Committee on Administrative and Budgetary Matters for the first time in 66 years.
NEWS
NDLEA Nabs 85-year-old Woman, Seizes 407kg Cannabis
The National Drug Law Enforcement Agency (NDLEA) has arrested an 85-year-old grandmother and five other suspected drug traffickers during coordinated raids in Edo.
The Edo Commander of NDLEA, Dr. Mitchell Ofoyeju, disclosed this in a statement on Monday in Benin.
Ofoyeju said the operations led to the seizure of 407.
39kg of cannabis and other illicit substances, including 546g of loud, 114g of tramadol, four grams of diazepam and three grams of swinol.The NDLEA boss identified the suspects as Grace Ehimeka, 85; Ali Garba, 57; Habib Braimoh, 45; Musa Mubid, 35; Ayo Aigberadion, 53; and Hope Okoro, 35.
He said Ehimeka, also known as Mama Grace, was arrested at her residence in Warake on Oct. 16, with 15 bags of cannabis weighing 179kg.
Ofoyeju noted that old age was no excuse for violating the law, adding that the command remained committed to combating illicit drug trafficking in the state.
“The NDLEA Act is clear: you cannot hide under the canopy of old age and perpetrate acts that violate the law.
“The octogenarian, Grace Ehimeka, was apprehended on Oct. 16, in her house at Warake community.
“This is a bad example for her children and grandchildren,” he said.
The commander said Ehimeka admitted ownership of the drugs in her statement and pleaded for another chance.
Ofoyeju said operatives arrested Garba in Ivbiaro on Oct. 15, with 5.85kg of cannabis, while Braimoh was arrested in the same community on the same day with 100g of the substance.
He added that Mubid was arrested in Warake too with two kilograms of cannabis, 309g of cannabis seeds, 114g of loud and 135g of assorted pharmaceuticals, including tramadol, swinol and diazepam.
According to him, Aigberadion was arrested in Ewe/Irue, Owan East Local Government Area, on Oct. 16, with 220.8kg of cannabis.
Ofoyeju said Okoro was apprehended in Auchi town with 237g of loud.
“The arrests and seizures form part of our renewed efforts to combat drug trafficking and abuse,” he said.
The NDLEA chief urged members of the public to provide timely and credible information to support the fight against drug trafficking and abuse. (NAN)
NEWS
Economy would’ve Collapsed without Tinubu’s Reforms, Says Shettima
Vice President Kashim Shettima has said Nigeria’s economy would have collapsed had President Bola Tinubu not taken what he called far-reaching decisions.
He said but for the tough decisions, critics would by now be writing epistles on a collapsed economy from the comfort of their homes in Dubai and New York.
Shettima spoke at a forum titled ‘Together till 2027: An Evening with Original City Boy’, organised by the City Boy Movement in conjunction with the Relax-Tinubu-Is-Fixing-Nigeria movement, both of which are backing the President’s reelection in the January 2027 elections.
The Vice President credited the President’s decisions for the economy’s recovery.
He said, “The President took those far-reaching decisions. He had the courage of conviction and the knowledge to take those far-reaching decisions that repositioned the Nigerian economy, so that now the economy grew by 4.43 per cent in the last quarter.
“Most importantly, our foreign reserves are now hovering at the level of $60bn.
“Remember how far we have come. It’s only those who have been in the deepest valley that will appreciate how magnificent it is to be on a mountain top.”
To the critics of the administration, Shettima said, “The same people that are crying wolf. If the President had not taken those far-reaching decisions, Walahi, I am not talking to you as a politician. I am talking to you as a Nigerian, our economy would have collapsed.
“These people, by now, would be writing epistles on a collapsed economy from the comfort of their homes in Dubai, in New York, or in marriage with their young Moroccan wives.
“I have not mentioned anybody’s name.”
He admitted that Nigerians had endured hardship, but said it could have been worse.
“Your Excellency, distinguished ladies and gentlemen, the President has to be commended, not demonised.
“Yes, Nigerians have gone through some tough times, but it could have been worse.
“Be reassured that in the coming weeks, the President will come up with robust responses to agricultural challenges, and prices of foodstuff will certainly come down,” he stated.
The Vice President said efforts were being made to reposition the economy, citing the Nigerian Education Loan Fund and investments in infrastructure. He then asked the youth to carry the message to the streets.
“I urge the youth of Nigeria. I beseech thee. I implore you to go out to the streets and tell the truth to other Nigerians,” he stated.
At the inauguration of the All Progressives Congress Presidential Campaign Council on October 14, Shettima mocked the former Vice President, Atiku Abubakar, and the former Anambra State governor, Peter Obi, over their economic proposals.
The National Bureau of Statistics reported on August 31 that real GDP grew by 4.43 per cent in the second quarter, up from 4.23 per cent a year earlier.
It put headline inflation at 14.63 per cent in September, down from 15.39 per cent in August and 20.98 per cent in September 2025.
Food inflation, however, was 19.59 per cent.
Data from the Central Bank of Nigeria put external reserves at $55.07bn as of October 9.
The City Boy Movement, led by its Director-General, Francis Shoga, unveiled a nationwide campaign for Tinubu’s reelection on June 11, when Shettima received its leaders at the Presidential Villa.
The Minister of Youth Development said it had representatives in all 36 states and the Federal Capital Territory.
The APC flags off its campaign in Kaduna on October 24, ahead of the presidential election on January 16, 2027.


