Connect with us

Economy

Dangote Sets To Become World’s Largest Fertiliser Producer By 2028

Published

on

Aliko Dangote Hails World Bank

Dangote Sets To Become World’s Largest Fertiliser Producer By 2028

Dangote sets to become world’s largest fertiliser producer by 2028. Aliko Dangote, chairman of the Dangote Group, says his company will become the world’s number one fertiliser producer by 2028.

Speaking on Thursday at the Imo economic summit, the billionaire said the group is investing heavily in fertiliser and plans to grow output from 3 million tonnes of urea to 12 million tonnes in the next three years.

“We are investors and I can tell you in the next three years, the programme that we have in the group, we’re investing heavily in fertiliser,” he said.

The group chairman praised recent policy decisions by the federal government, saying the reforms are beginning to show results.

“There are very good policies, bold policies that the government has taken today — the exchange rate, the removal of the fuel subsidy, so many other things that the government has actually put out there,” he said.

“But you know, Nigeria is like a scratch card. You only see the good of it when you scratch the card. So some of us that have already scratched the card, we are seeing the results.”

He commended President Bola Tinubu for what he described as “strong leadership”, saying more reforms are expected in the months ahead.

Dangote also asked Hope Uzodinma, governor of Imo, to identify the most suitable sector for the company to invest in the state.

DANGOTE ASKS AFRICAN INVESTORS TO INVEST AT HOME

Further speaking at the event, Dangote asked Nigerian and African investors to take the lead in driving economic growth, saying foreign investment is encouraged only when domestic players show commitment.

“Our job is to keep investing at home. If we don’t invest at home, there is nobody on earth that will come and invest here,” he said.
“What attracts foreign investors is a domestic investor. And that’s what we are doing.”

Dangote Sets To Become World’s Largest Fertiliser Producer

Dangote Sets To Become World’s Largest Fertiliser Producer

He referenced a recent interview with the CNN where he was asked why he decided to double the capacity of his refinery.
“They asked me — you have actually been investing, why did you announce to double up your refinery to make it the largest refinery in the world?” he said.

“I said, well, I don’t have anywhere to go and invest but at home. When I say at home, I mean Nigeria and Africa.”

Dangote said Africa holds about 30 percent of global mineral resources, but risks losing opportunities if local investors do not take the lead.

“There are a lot of people that are fighting, trying to get these minerals. If now we don’t really lead the way in putting up this investment, who do we expect to come and invest?” he said.
“We can never ever really convince anybody to come and invest in our continent. We must be the ones that will lead.”

The chairman added that the Dangote Group is committed to taking that leadership role to attract more investments into Africa.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Published

on

By

Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

Continue Reading

Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

Published

on

By

EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

Continue Reading

Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

Published

on

By

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

Continue Reading

Trending