NEWS
Otu Inaugurates 10-year Development Plan for Cross River State
From Ene Asuquo, Calabar
Cross River State Governor, Senator Bassey Otu has inaugurated a ten year development plan counting from the current year, 2024 to the year 2033.
The initiative is a product of the partnership between the State Planning Commission and the United Nations Children’s Fund (UNICEF).
The event took place at the Metropolitan Hotel Calabar with the Deputy Governor Rt.
Hon. Peter Odey, representing the Governor.The Governor disclosed that the State Development Plan (SDP) is a clear-cut strategy aimed at promoting sustainable, equitable, and inclusive growth and development in Cross River State.
The four-section plan is designed to address the state’s unique challenges and improve the material well-being of its citizens.
The booklet, which is 130-pages, contains the State Plans; divided into nine chapters and four sections. The first section outlines the objectives of the State Development Plan, while the second section identifies the state’s development challenges, focusing on infrastructure, social welfare, governance, and environmental sustainability.
The third section provides an analysis of root causes and identifies bottlenecks, and the final section highlights the potentials, opportunities, and key pillars of the State Development Plan.
Vouching strongly for the plan’s anticipated results, Governor Otu noted the importance of leveraging existing planning documents, such as State Economic Empowerment and Development Strategy (SEEDS), Local Economic Empowerment and Development Strategy (LEEDS), Growth and Development Strategy (GDS), the National Economic Recovery and Growth Plan (ERGP), the National Development Plan, and the Human Capital Development (HCD) Vision 2030.
“This plan addresses our state’s developmental challenges, including non-inclusive economic growth, infrastructure deficits, climate change, poverty, limited fiscal space, unemployment, inequality, and other forms of human deprivation. The monitoring and evaluation framework built into the plan to assist in tracking progress over the plan period is highly commendable. I sincerely commend UNICEF for the great assistance rendered to the state in the formulation of this development plan, as well as other actors who have contributed in various ways to the drafting of the State Development Plan,” he added.
Vice Chairman/Chief Executive Officer, CEO of the State Planning Commission, Dr. Bong Duke, also applauded UNICEF for conceptualizing and initiating the idea of the State Development Plan and for providing the necessary support to bring it to fruition.
“We sincerely appreciate the contributions of the Heads of Local Government Areas (HOLGAs), Youth Groups, Farmers Associations, Women Groups, and everyone who played a role in formulating this Development Plan. Your input has been invaluable at every stage, and we look forward to the positive impact this plan will have on our state,” he added.
NEWS
Fresh Terrorists Attack Kills One, Injures Two in Kogi
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.
Foreign News
Boko Haram Militants Kill 23 Soldiers in Chad
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.
NEWS
Dangote Cement Grows Exports by 71.6 Per Cent, Posts N421bn Profit
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.


