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Refinery: FG Will Source Forex from Dangote – Emefiele

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The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.

This potential reversal of roles was disclosed by the Central Bank Governor, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, Petrochemicals, Fertilizer projects and Dangote deep-water jetty at the weekend.

Emefiele toured the project sites in the company of the President/CE of the Dangote Group, Aliko Dangote; Deputy Governor of the CBN, Aishah Ahmad; Group Managing Director, Dangote Industries Limited, Mr. Olakunle Alake; Group Executive Director of Dangote Industries, Mr. Devakumar Edwin; and the Managing Director of Guaranty Trust Bank, Mr. Segun Agbaje.

The CBN governor premised his comment on the huge forex earnings that are expected to accrue from the export of the petrochemical and fertilizer products from the Dangote refinery and fertilizer plants by the time the fertilizer plant begins operations in May this year, and the refinery takes off as planned in 2020.

Mr. Emefiele, who commended Aliko Dangote for the volume of work done on the Dangote projects since his last visit over two years ago, also enthused that the refinery and fertilizer projects would help Nigeria to create thousands of Jobs and check importation of fuel by the federal government; thereby saving government huge amounts of forex currently being spent on fuel import.

He added that about 55 to 60 per cent of Nigeria’s spending on foreign exchange for the importation of petroleum products and food items would be saved when the Dangote Refinery come on stream. Emefiele said one third of Nigeria’s spending on forex will also be retained when the Dangote Refinery is completed.

Emefiele described the Dangote Refinery as transformational project for Nigeria, which totally keys into the objectives of President Muhammadu Buhari on self-sufficiency in petroleum products, conservation of forex and diversification of the economy. “I am sure by that time, the CBN will be begging Dangote to sell its dollars to the bank,” he said.

He noted that the completion of the refinery would make Nigeria self-sufficient in the production of refined products and also make the country to be among the league of exporters of petroleum products.

Emefiele declared the CBN’s support to any company or individuals who are ready to invest in the transformation of the Nigeria economy. “We are ready to support in Naira and also ready to provide foreign exchange for any investor who is ready to support Nigeria’s transformational agenda.

“I use this opportunity to repeat that we are ready to support any individual like Aliko Dangote who is willing to invest in this country. We will continue to support companies that display the determination to support the CBN. I feel so delighted and I am happy this is happening in my own life-time and I am sure you are all so happy.”

Speaking also, President, Dangote Group, Aliko Dangote, said the project would definitely transform the Nigerian economy. “We have a couple of projects at hand and we will continue with these transformative projects. The biggest problem we have in Nigeria is that we currently import more than we produce like any other African countries. But, by the time we finish our fertilizer plant, Nigeria will be the largest exporter of fertilizer in Africa. We will also be the largest exporter of petrochemicals and the largest exporter of petroleum products in the whole of Africa. This is a major transformation.”

He said the 3 billion Standard Cubic Feet gas pipeline and other Dangote Projects are geared towards Nigeria’s economic transformation.

Dangote commended CBN for its moral support to the refinery project. “There are lots going on in Nigeria. We want the CBN to support us like what it did in cement sector, which made Nigeria not only self-sufficient in the production of cement, but it became an exporter of the product. Today, Nigeria will not even import cement because we no longer have capacity for importation of cement,” he added.

In a presentation made to the CBN governor, Group Executive Director at Dangote Industries Limited, Devakumar Edwin, disclosed that the company’s target is for a significant portion of Nigeria’s crude oil production to be refined domestically, rather than imported, thereby creating jobs within Nigeria, and bringing a halt to the current importation of refined petroleum product.

Edwin said the refinery is going to provide over 100,000 indirect employment through retail outlets. He said the refinery is designed to meet Euro V grade, which is the highest standard in the world, hence products can be exported to any part of the world.

“It will be well diversified and able to process Nigerian crude, African crude and crude from other parts of the world. In terms of evacuation routes, two crude oil single point mooring (SPM) buoys and three multi-product SPMs will be located within the Atlantic Ocean to transfer crude oil to a calling tanker.

“The 2-Line Dangote Fertilizer Complex, consisting of Ammonia and Urea plants, is conceived to be one of the world’s largest fertilizer plants with a total capacity of 3 Million Tonnes per Annum of Urea fertilizer. Therefore, the Dangote Fertilizer is positioned to bridge the gap between local demand and national capacity. Dangote Fertilizer Plants will produce Urea that will assist farmers boost their crop yields through easy access to fertilizer,” he added.

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Voice of Emancipation: Can Our Kings Be Trusted?

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By Kayode Emola

For the umpteenth time, it is worth asking ourselves if our traditional rulers can be trusted to serve the interests of the Yoruba people. We recall how Afonja betrayed the Alaafin and sold Oyo-Ile to the Fulani prince Alimi. One would have thought our Yoruba people would have learnt a lot of lessons from that incident, but it feels like we’ve learnt nothing.

Recently, we have seen reports of villagers fleeing their communities in Babanle and other towns of Kwara State circulating on social media. One would have expected the whole world to be outraged, like in the case of the Charlie Hebdo shooting in France in 2015. Where the whole world rallied round the victims of that shooting, but alas, no one seems to be bothered enough to act. By now, we should have witnessed government forces moving into the communities in Kwara State to restore law and order. Giving the villagers succour in the comfort of their own homes.

However, everyone in Nigeria is silent as is it doesn’t affect them directly, emboldening the terrorists to continue their assaults on Yorubaland unchallenged. For other Yoruba people who do not live in the area, they couldn’t be bothered to cry out because danger seems far away in Kwara state and not in the suburban Yorubaland like Oyo, Osun, Ekiti and other places like that.

Truth be told, if we can’t even cry out and be outraged about the numerous deaths that go unaccounted for, who do we expect to cry out on our behalf? The world will stay silent to our plight since we see the decimation of Yorubaland as the norm rather than something to act about.

The worst of it is the recent revelation that two monarchs in Kwara State are directly involved in the kidnapping and killings going on in the communities. The King of Alabe and Babanla is currently in police custody for their roles in terrorist activities going on in their domain. How can we be sure that several other monarchs are not causing similar havoc in their domains?

If two traditional leaders in Kwara are complicit in the atrocities going around them, how many more of our kings and chiefs are involved in criminal activities elsewhere? We have been crying that the Miyeti Allah cattle herders are killing innocent farmers on their own land and destroying their crops.

Instead of the Yoruba traditional leaders banding together, and looking for a lasting solution for their people, they sat on their hands doing nothing. As though if all the people are killed, they will have no subject to rule over.

Obviously, many of our kings and traditional rulers are in bed with these cattle herders, which is why this problem continues to fester. Many of our kings and their kinsmen are themselves the ones inviting the Fulani cattle herders to raise livestock for them, knowing that it is a profitable business.

Every single day, over eight thousand cows are being slaughtered in Lagos State, let alone other Yoruba states, making the trade one of the most profitable businesses outside of crude oil in Nigeria. Had the cattle herders conducted their business like any other businessperson in Nigeria, there wouldn’t have been any reason for clashes and the killings that go with it.

However, the fact that many Yoruba traditional leaders are the ones collecting bribes from these herders to roam the forest and bushes makes the matter a complicated one. How can a king who is entrusted with the safety of lives and properties in his domain be the same one who is endangering them?

Since we now know that many of our kings are themselves the ones putting the lives and properties of our people in peril. I believe it is time to put the spotlight on the custodian of our traditions and culture in check. We need to know those among them who are putting the lives and properties of their communities in danger and call them out.

As such, maybe we can bring some normalcy into our communities and protect the lives and properties of innocent people. If only we could do a statewide evangelism to see which of the kings and traditional rulers are involved with the cattle herders and the terrorists invading Yorubaland. Then we may be able to rid ourselves of the menace that is currently ripping the social fabric of Yorubaland into pieces bit by bit.

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Police Release Sowore after Two Days Detention

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Human rights activist and former presidential candidate, Omoyele Sowore, has been released by the Nigerian police after being detained for two days.

Sowore, who confirmed his release on Friday evening, expressed gratitude to supporters, who stood by him during the ordeal.

In a statement on social media, he said: “Nigeria Police Force has capitulated to the demands of the revolutionary movt, I have been released from unjust, illegal & unwarranted detention. However, it is nothing to celebrate, but thank u for not giving up! #RevolutionNow.”

The activist, known for his unwavering criticism of government policies and advocacy for democratic reforms, has previously faced multiple arrests linked to his #RevolutionNow movement, which calls for sweeping political and economic changes in Nigeria.

Sowore, however, thanked human rights lawyer Femi Falana (SAN), former Vice President Atiku Abubakar, former presidential candidate Peter Obi, Deji Adeyanju, and all other stakeholders who stood up and called for his release.

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Things Fall Apart Festival 2025: Chimamanda Adichie Calls for Igbo Unity, Honoured by ATPN

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Global literary icon, Chimamanda Ngozi Adichie, has been inducted as an Honorary Fellow of theAssociation of Tourism Practitioners of Nigeria (ATPN), in recognition of her remarkable contributions to promoting Nigeria’s cultural identity through literature. Her works, which have earned worldwide acclaim, continue to project Nigerian—and particularly Igbo—culture on the global stage.

The honorary induction took place during the Things Fall Apart Festival (TFA) 2025, held in Enugu and organized by the Centre for Memories – Ncheta Ndigbo, with endorsement from the National Council for Arts and Culture (NCAC) and the ATPN, and in partnership with iTour Africa. The festival is a celebration of the legacy of Chinua Achebe’s timeless novel, Things Fall Apart.

Adichie, who chaired the festival, delivered a stirring address that emphasized the urgent need for unity and cultural pride among the Igbo people. Also present at the event were several dignitaries including Sir Ike Chioke, Managing Director of Afrinvest; Sir Emeka Mba, former DG of the Nigerian Broadcasting Commission and founder of Afia TV; and celebrated actor Chief Nkem Owoh (Osuofia).

Speaking on behalf of ATPN National President Omo-Oba Adetunji Femi Fadina, the association’s Deputy President II, Wilson Uche Ugwu, emphasized the vital role of cultural identity in tourism development. He urged Nigerians—especially the Igbo—to take pride in their heritage and support initiatives that preserve and promote indigenous culture. Ugwu also reaffirmed ATPN’s commitment to professionalism among tourism practitioners and the need to avoid distorting Nigeria’s rich history and traditions.

In her keynote speech, Chimamanda Adichie made a powerful call for internal reflection and unity within the Igbo community:

“Ndigbo k’anyi tetalu n’ura. Let us wake up. Ife emebigo n’ala Igbo. Things have fallen apart in Igbo land,” she said. “We often speak of political marginalisation, and indeed any honest assessment of post-war Nigerian history acknowledges that. But before we can truly challenge external forces, we must first ‘clean house.’ We are giving those who want to marginalise us even more reasons to justify their actions.”

She stressed that unity does not mean uniformity but a conscious choice to collaborate for a greater goal despite differences.

“If all governors and senators from the Igbo-speaking states come together and set aside party affiliations, it would bestow a significant bargaining power to influence policies beneficial to the region.”

Adichie also delved into the erosion of Igbo language and identity, lamenting the decline of Igbo literature and the increasing pride in raising children who do not speak their native tongue.

“Languages are beautiful, and the more languages a child can speak, the better. But what’s happening in Igbo land is not about the ability to learn languages—it is about the lack of value for what is ours. Even our naming culture is eroding. We now give names not for their meaning, but for how ‘Western’ they sound.”

She drew parallels with the Germanic tribes, who despite having multiple dialects, united to form a modern German state. In contrast, she warned that internal divisions within Igbo society, often rooted in political rather than cultural identities, are weakening the community.

“Igbo is Igbo. Nobody is more Igbo than another. The distinctions we make today—‘Anambra Igbo,’ ‘Delta Igbo’—are political, not cultural. Our strength lies in our unity.”

The Things Fall Apart Festival 2025 served not only as a celebration of Achebe’s literary genius but also as a rallying point for cultural rebirth and communal introspection. It was a fitting occasion to honour Chimamanda Adichie, a torchbearer of African storytelling and cultural preservation.

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