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INSECURITY: $1bn Spent To Recover Territories Seized By Terrorists — Buhari

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Despite spending over $1bn to reclaim Boko Haram-held territories in Borno, Adamawa and Yobe States since 2015, Nigeria’s security and that of the Lake Chad Basin remains unstable due to lingering conflicts in Libya, the Central African Republic and Russia’s aggression in Ukraine.

President Muhammadu Buhari, said this on Tuesday, shortly after receiving the “Award for Strengthening Peace in Africa” conferred on him by the Abu Dhabi Peace Forum in Nouakchott, the Mauritanian capital.

“Although we are winning the war, however, as a country and sub-region, we continue to be negatively impacted by events in Libya, the Central Africa Republic, The Sahel and the war in Ukraine,” Buhari told his counterparts at the African Conference for Peace, 2023.

The President premised his argument on the free circulation of “all sorts of small and light weapons” orchestrated by foreign fighters.

He also reasoned that the idleness of African youths and non-inclusion in discussing issues that concern them is providing a steady recruitment pool for the extremist organisations wreaking havoc in various parts of the continent.

He, therefore, urged leaders to place a premium on youth development, with more seriousness and actionable ideas in promoting skills acquisitions while discouraging idleness.

This is according to a statement signed by the Special Adviser on Media and Publicity to the President, Femi Adesina, titled ‘President Buhari receives award for peace in Africa, lists conditions for future harmony.’

The President said, “When I assumed power in 2015, Boko Haram held about two-thirds of Borno State, half of Yobe State, and a couple of local government areas in Adamawa State, all in the North-East of Nigeria.

“We have been able to retrieve these swathes of territories by investing over $1bn to acquire hard and software weaponry from the US and other friendly countries to carry out sustained operations against insurgency since 2015.”

According to him, these monies would have been better spent on critical infrastructure such as healthcare and education.

“Our Armed Forces and those of our partners in the Multinational Joint Task Force (consisting of Chad, Niger, Cameroon, Benin Republic and Nigeria) continue to demonstrate great bravery while paying the ultimate price in securing our collective freedom.

“Despite the difficult times we face, we continue to spend very scarce and lean resources to ensure that we have a well-resourced military force to take on this task. Ideally, these are resources that could be spent on education, healthcare, infrastructure and other social services, but without peace, we have learnt the hard way that our children cannot go to school or seek good healthcare,” the President stated.

He explained that the scenario created serious instability and served as a litmus test for member countries of the Lake Chad Basin Commission in devising means to restore the livelihoods within the region.

The President urged his counterparts to concretise efforts to curtail and possibly prevent the circulation of Small Arms and Light Weapons and the festering of foreign fighters into Africa.

To the current chairperson of the AU, Senegalese President Macky Sall, Buhari said the next Summit of Union must find a pragmatic African approach to resolving the over a decade-old instability that made the country a haven for all kinds of weapons and foreign fighters.

In his remarks, the President of the Forum for Promoting Peace in Muslim Societies, Shaykh Abdallah Bin Bayyah, said the 2023 conference theme was based on the recommendations of the “Nouakchott Declaration” that emerged from the inaugural conference.

Bayyah explained that the award was given to Buhari for providing good leadership, promoting peace in a multi-ethnic, multicultural and multi-linguistic country like Nigeria and extending his experience and wisdom to other African countries.

BIG STORY

Dangote Doubles Wealth To $27.8bn, Only African On World’s Top 100 Richest Persons’ List

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Aliko Dangote, president of Dangote Industries Limited (DIL), has seen his wealth double to $27.8 billion after the operationalization of his multibillion-dollar oil refinery.

According to the Bloomberg Billionaires Index, Dangote’s net worth increased by $15.1 billion, bringing it to $27.8 billion as of October 18, 2024.

The business mogul now ranks 65th, making him the only African among the top 100 richest people globally.

This new ranking places Dangote more than 100 spots ahead of Johann Rupert, the South African billionaire, who ranks 174th.

His increased fortune has elevated his position by more than 40 places from his 111th ranking on June 30, 2023.

This surge follows over a year after the inauguration of his refinery in May 2023. The refinery, which has a capacity of 650,000 barrels per day, is located on 2,635 hectares of land in the Ibeju-Lekki free zone in Lagos.

The facility began producing diesel on January 12, 2024, though petrol production was delayed until September 3 due to several challenges, including issues with crude supply.

The difficulty in accessing crude feedstock from international oil companies (IOCs) in Nigeria forced the company to import crude from countries like Brazil and the United States to cover the gap.

On June 4, 2024, Dangote noted that some IOCs were struggling to supply crude to his refinery.

After intervention from President Bola Tinubu, the federal executive council (FEC) approved the sale of crude oil to Dangote’s refinery and other refineries in naira on July 29, 2024.

On October 5, 2024, the federal government announced that Nigeria had officially begun selling crude oil and refined petroleum products in naira, with the Dangote refinery and the national oil firm participating in the naira-based transactions.

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BIG STORY

Introducing The Next Owa Obokun Hopeful, Dr. Oriyomi Adewunmi Akerele

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  • Why Ijesas Home And Abroad Are Rooting For The US Based Healthcare Administrator

 

A successful healthcare administrator based in the United States, proud Ijesha prince, historian per excellence, Dr. Oriyomi Adewunmi Akerele was born on August 10th 1974, to a the BILARO ruling house of Ijesaland.

He attended University of Ilorin where he bagged a B.A degree in history and eventually proceeded to the prestigious University of Arlington Texas where he obtained both is Masters and PhD in History. He also holds an MBA healthcare management from Dallas Baptist University.

A successful Prince of the soil, Dr. Akerele presently runs a top healthcare company in the US with a portfolio of over 7 billion USD, and still counting.

According to him, he is ready to take the position of the leadership of his home town where he has a lot of passion and drive to take to the next level considering his exposure in the international environment.

“I am passionate about the development of Ijesaland, I want to take our historical town and its people to a higher level of development through purposeful leadership through cooperation of all Ijesa sons and daughters both at home and abroad.

Adding that his intentions are pure and for the benefit of the sons and daughters of the ijesha land. “I intend to focus on the areas where the Ijesa’s have the comparative cost advantage over other towns in Yorubaland.

He has so far got the backings of the ijesa indigenes in diaspora to give him all the support in whatever way he might be needing them;

“I have the support and assurance of Ijesa sons and daughters in the diaspora and they are ready to lend their hands and resources for the development of our ancestral land”

“I am ready to leave my comfort zone and answer the call of leadership to the throne of my forefathers, I have the pedigree, exposure, love and compassion to lead Ijeshaland and rewrite the history, culturally, economically and socially” he concluded.

It will be recalled that Ijesha’s are a sub-ethnicity of the Yorubas of West Africa. Ilesha is the largest town and historic cultural capital of the Ijesha people, and is home to a kingdom of the same name, ruled by an Oba locally styled as the Owa Obokun Adimula. The last reigning Owa Obokun was Oba Gabriel Adekunle Aromolaran II, who joined his ancestors around September, 2023.

According to prince Oriyomi, “as Ijeshas, we need to connect our roots and stems to our present.

We (Ijeshas) are battle strong; we are smart business people; pace setters in everything we do. Our excellence should be studied.

What we need is a synergy of our strengths and a strong purpose of our collectivity” If opportune to ascend the throne of my ancestors, I will work with everyone to make Ijeshaland a prosperous land that would beam with pride, success while creating a generation of immaculate community. From our major towns of Iperindo, Ijebu-Ijesha, Osu, Esa Oke, Ikeji Arakeji, Owena, Imesi Ile, Ifewara and other several villages, we will have a land that we would bemoans opportunities and bliss.

Dr. Oriyomi is married to princess Oluwaseun Akerele nee Bakre of the Gbagura clan of Egbaland.

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BIG STORY

Many Injured As CNG Vehicle Explodes In Edo Due To Substandard Conversation Kits, Cylinder

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Tragedy struck in Edo state on Thursday when a compressed natural gas (CNG)-powered vehicle exploded at a NIPCO filling station along Benin-Auchi road, Uhunmwonde Local Government Area.

At least three people were seriously injured in the blast and rushed to the University of Benin Teaching Hospital (UBTH) for treatment.

Those hospitalized include a passenger from another vehicle, a pump attendant, and an additional staff member from the filling station, eyewitnesses confirmed.

According to TheCable, a source at the gas station said that the explosion was caused by “the substandard conversion kits and cylinder used in the installation of the CNG on the Audi 80 salon car.”

“The driver of the car and the technician who installed the CNG kits in the vehicle had driven to the filling station to test the efficacy of the installation when the explosion occurred,” the source added.

“Some people patronise roadside technicians because of the high cost of conversion.”

  • CNG Conversion Drive

The federal government has been persuading Nigerians to convert their gasoline-powered vehicles to CNG after President Bola Tinubu pulled the plug on the petrol subsidy regime in 2023.

The Presidential Compressed Natural Gas Initiative (PCNGI) confirmed the Edo explosion in a statement posted on X.

The PCNGI said the vehicle was “illegally modified” to CNG.

The agency advised that only accredited conversion centres should be used to convert petrol-powered vehicles to CNG.

“A close examination of the cylinder in question in Benin City shows it was welded and modified and not approved for use for CNG,” the statement reads.

“The police, regulatory authorities and management of NIPCO are undertaking a painstaking investigation of the incident and we are coordinating with them.

“This incident reiterates the impetus of the PCNGI and our partners on the soon-to-be-launched Nigeria Gas Vehicle Monitoring System at SON, NMDPRA, NADDC and FRSC to tackle any bad actors in the ecosystem that seeks to make this safer, cheaper, cleaner and more reliable source of fueling risky for all.

“We also call on all stakeholders to cooperate with the new system of regulation and ensure full compliance.

“Only accredited conversion centres must be patronized and safe handling of CNG just like petrol ensures safety for all.”

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