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Billionaire Investor, Dozy Mmobuosi Seeks More Investment For Africa’s Aviation Sector

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Billionaire Entrepreneur and Founder, Tingo International Holdings, Mr. Dozy Mmobuosi, has stressed that the aviation sector in Africa required more investment to develop and meet the demand of a rapidly expanding population.

In a statement Thursday, Mmobuosi has long held ambitions to make investments in the aviation sector driven by his belief that the sector in Africa requires investment.

In 2019, the billionaire investor established Tingo Airlines Ltd (UK) with the goal of acquiring a license and operating flights between Europe and Africa. However, due to the outbreak of Covid-19 in early 2020, Mmobuosi redirected resources towards Tingo Mobile to develop Nwassa and Tingo Pay.

While Tingo Airlines Ltd (UK) is in the process of being dissolved following the disruption to the global aviation sector, Mmobuosi and Omni-Blu Aviation Limited, a fast-growing airline incorporated in Nigeria to provide regular, customised, and specialised air transportation services, entered into a Joint Venture and Mutual Cooperation Agreement (JVMC) in 2020.

They incorporated in Nigeria, a Joint Venture Company (JVCo) called Omni-Tingo Aviation Services Limited as the commercial vehicle through which their mutual aspirations would be administered.

The JVMC flights are to be operated under Omni-Blu Aviation licences [the technical partners under the JVCo] with Mmobuosi’s Family Office providing the requisite funding resources for aircraft leasing and acquisitions towards their common objective.

Whilst the Covid 19 years of 2020 and 2021 slowed down the pace for their full launch, the Omni-Tingo JVCo have made significant progress since it resumed its project implementation plan; having completed the purchase of a Sirkosky S-76C++ Helicopter in November 2022: and currently completing a transaction for the purchase of a Challenger 605 Business Jet in the USA. The JVCo is also currently in active negotiations for the lease of several regional jets to commence domestic and regional flight operations in Nigeria and across the region.

Mmobuosi, and Omni-Blu Aviation Limited (RC: 1098715) through its appointed representative, own 50% shareholding of Omni-Tingo JVCo respectively.

BIG STORY

Non-Oil Sector Accounted For N15.69 trn Of N20.59 trn Revenue Generated In Eight Months — Presidency

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The Presidency has announced that non-oil sectors contributed ₦15.69 trillion, accounting for three out of every four naira collected by the government between January and August 2025, signaling a major shift away from oil dependence.

According to a statement from Bayo Onanuga, Special Adviser to the President on Information and Strategy, total government revenue during the eight-month period amounted to ₦20.59 trillion—a 40.5% increase from the ₦14.6 trillion collected in the same period in 2024 .

The sharp rise in non-oil earnings reflects a combination of fiscal reforms, enhanced compliance, and digitised tax administration, including customs automation and broader enforcement measures .

Customs collections alone tallied ₦3.68 trillion in the first half of 2025, exceeding the target by ₦390 billion and accounting for 56% of the full-year goal .

This fiscal strength has translated into historic FAAC disbursements: for the first time, monthly allocations to states and local governments surpassed ₦2 trillion in July—funds critical for supporting food security, infrastructure, and social services .

Significantly, the Presidency also confirmed that the federal government has not borrowed from domestic banks in 2025, a notable departure from prior reliance on local borrowing .

While the gains are substantial, officials acknowledge that revenue still falls short of the government’s spending goals for education, health, and infrastructure, and urged continued efforts to bridge the gap .

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BIG STORY

I Have To Create State Police, We’ll Defeat Insecurity — Tinubu

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President Bola Tinubu says the establishment of state police has become inevitable as part of efforts to tackle Nigeria’s worsening insecurity.

Speaking at the presidential villa on Tuesday while receiving a delegation of prominent Katsina citizens led by Governor Dikko Radda, Tinubu said his administration would adopt decentralised policing to strengthen security at the grassroots.

The president directed security agencies to review their operations in Katsina following renewed banditry in the state and announced the deployment of advanced military hardware, including drones and surveillance equipment.

“The security challenges that we are facing are surmountable. Yes, we have porous borders. We inherited weaknesses that could have been addressed earlier. It is a challenge that we must fix, and we are facing it,” Tinubu said.

“I have today directed all the security agencies to energise further and look at the strategies. We have approved the additional acquisition of drones. I am reviewing all the aspects of security; I have to create state police. We are looking at that holistically. We will defeat insecurity.”

Tinubu added that the federal government is considering upgrading the recently deployed forest guards in Katsina into a more structured force.

Buhari’s Legacy

The president also assured the delegation that his administration would preserve the legacy of former President Muhammadu Buhari.

“He didn’t hand over a defeated country, a battered political structure, but a legacy of success, and that is the most important thing,” he said.

“We just have to continue praying that Almighty Allah should grant him Aljannah Firdausi and give the rest of us the ability to stand very strong and push Nigeria forward.”

Katsina’s Demands

Governor Radda thanked Tinubu for his continued support to the state, noting that Katsina needs more security interventions, youth empowerment, and infrastructure.

Former Governor Aminu Masari commended Tinubu for honouring Buhari with a “true state funeral,” while Ibrahim Ida, the Wazirin Katsina, called for the upgrade of Umaru Musa Yar’Adua International Airport and greater security focus on southern Katsina.

The move towards state policing follows earlier steps by the federal government. On February 15, 2024, a committee was inaugurated to explore its creation. Vice-President Kashim Shettima later confirmed that all 36 states had supported the initiative, though 20 were yet to submit reports.

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BIG STORY

Lagos Police PRO Hundeyin Appointed New Force Spokesman

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The Nigeria Police Force has appointed Benjamin Hundeyin, spokesperson of the Lagos State Police Command, as the new Force Public Relations Officer (FPRO).

Hundeyin takes over from Deputy Commissioner of Police (DCP) Muyiwa Adejobi, who has been redeployed to Delta State Police Command as deputy commissioner in charge of operations following his promotion.

Police authorities described the appointments as part of routine administrative adjustments aimed at career progression and manpower optimisation, stressing that the changes are neither punitive nor controversial.

Profile of the new FPRO

CSP Hundeyin holds a degree in English Language from Lagos State University and a master’s degree in Legal Criminology and Security Psychology from the University of Ibadan.

He has undergone specialised training in Civil-Military Coordination at the Nigerian Army Leadership Institute, Jaji, and is a member of several professional bodies, including the Nigerian Institute of Public Relations (NIPR), International Public Relations Association, and Chartered Institute of Personnel Management of Nigeria (CIPMN).

Hundeyin also served with the United Nations–African Union Mission in Darfur (UNAMID), gaining experience in peacekeeping and crisis communication.

Appointed Lagos police spokesperson in March 2022, he has since been recognised for proactive engagement with the public and media.

New national assignment

As Force PRO, Hundeyin is expected to spearhead the police’s national communication strategy, improve crisis management, and strengthen transparency and public trust through strategic messaging.

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