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2023: Deconstructing the Next Governor of Akwa Ibom State

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By Michael Effiong

We are just five months into the year but the fever of the 2023 elections is already enveloping and gripping every part of our polity. There is no doubt that there are mixed feelings among our citizenry regarding the performance of our federal and state governments, one thing is sure however, like spilt milk, it will be impossible to get our past back but we have the chance to determine the look, feel and shape of our future by our action or inaction in the next couple of months.

Just like in a few other states, 2023 will be a defining moment in Akwa Ibom State because once again, there will be a transfer of power after an 8-year reign of an incumbent. Expect drama, hire wire politicking and more.

As expected, a few gladiators have indicated interest in occupying the Hilltop Mansion but what exactly should Akwa Ibom people be looking for in the man who will occupy such a high office?.

Before I am crucified by gender activists, I have used the word “man” here because as at the time of writing this, no woman has thrown her hat into the ring.

Being one of Nigeria’s oil-rich states, Akwa Ibom State is well positioned for greatness, but a lot of creative thinking and sacrifice is required to take it from where it is presently to where it should be.

The present Udom Emmanuel government has laid a strong foundation in infrastructure and investments, some of which may take years to bear fruits that is reason the people need a steady hand to steer the ship at this time.

It is my considered opinion that the next governor of Akwa Ibom should not be a dyed-in-the-wool politician. The state should not be left in the hands of the ex-this, ex-that class, those whose only claim to fame is holding public office for donkey years with little or nothing to show for it.

This is not the time to compensate anyone, it is not time to think of men who only discuss today, but a time to choose a visionary leader, the kind of leader that loves his people and is passionate about their welfare.

It is time to get the kind of kind of leader that we can trace his trajectory, not one with questionable wealth who throws handouts left, right and centre or one who is just desperate for power just for the sake of bearing the toga “Governor”.

The next governor of the Land of Promise must act as a corporate titan/CEO, someone with the ability to manage men and resources.

He should be someone who has shown the capacity, character and competence to run a successful business. Someone who understands the dynamics of profit and loss, someone who has built an enterprise from zero to its zenith.

Someone with a track record of performance, like it is said, you cannot give what you don’t have or as they say on the streets “if e didn’t dey, e didn’t dey”.

Why is it necessary for the next Governor to be private-sector driven? Everyone knows that the greatest problem in the world today is paucity of funds available to nations and by extension states.

A state governor who only knows how to spend and does not know how to create wealth is not a good fit in today’s world that has been hit by recession.

Apart from funds, anyone who has run a business before, will know what it is to be innovative and would have developed the penchant for adapting to new realities.

Again, anyone who has ran a business will know the pains and needs of SMEs-who are the major drivers of any economy.

What the state needs is the kind of leader highlighted by Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of the United Arab Emirates, one who is able to crystalize his vision, define its objectives, navigate its development and supervise its implementation.

He should have clearly defined ideas for agriculture, tourism and hospitality, rural development, health care and education. He should have a plan for the elderly and women.

The best man for the job should be one who envisions an Akwa Ibom beyond oil. He should be the man who has been outlining his ideas, and not the one who has been grandstanding on the soap box.

I am not a fan of abandoned projects. It is therefore good that there should be some form of continuity in vision. After all, it is a common saying that government is a continuum.

Nothing exemplifies the truism of continuity than the birth of Ibom Air. Governor Udom Emmanuel did not build the Victor Attah International Airport. What he did was to improve on it and then expand the use of the facility by creating an airline.

Each time I board the airline, I cannot help but commend governor Emmanuel and the team that dreamt and executed this project. Apart from its excellent corporate culture and efficiency, this is one government investment that is a job-creating machine.

The other day, I was having an argument with a friend who said the airline was a misadventure.

I knew immediately that this was sour grapes and I took time to highlight what such an enterprise means for the state.

Apart from creating easy access for investors and tourists, today, it flies to six destinations.

Now check this out. At all its destinations, it will have ticketing officers, people at the check-in counters, ground staff from cargo handlers, cleaners to engineers, it will have a full compliment of crew for shifts, it will serve refreshments which means that producers of bottled water, beverages and bites will have an outlet for their products. Imagine this kind of multiplier effect from just one business. That certainly is no misplaced priority?

Another area that Mr. Emmanuel should receive kudos is his decision to have a data base for all farmers. I am told that at the touch of a button, you can find out specific details and number of maize, poultry, cassava farmers e.t.c in the state.

That is not all, he midwifed the Akwa Ibom Geographical Information System (AkwaGIS), which will enable the state manage her land in an organized and digitalized manner.

We all know that data is king, without the right data, proper planning becomes like groping in the dark. In deed, these two projects show the forward-thinking nature of the present governor and it is therefore necessary for someone who shares this kind of vision to continue in 2023.

Furthermore, His Eminence, Dr. Sunday Mbang, an Akwa Ibom indigene, had once said that the next governor of Akwa Ibom should not be a cultist or someone who is associated with violence, I totally agree with him. He must be a man of proven integrity with impeccable character. Not one who has an EFCC case hanging over his neck or one who has been running in and out of court rooms over past misdeeds.

In addition, the next governor must dare to thread where others dread. He should be the kind of man who is not afraid to have his hands dirty.

He should be dogged, tenacious, courageous and resilient yet humble and amiable. He should be open-minded and be able to to bring the best and the brightest stars together for the common good of the state. I therefore, call on the people of Akwa Ibom to take this points to heart as they head to the primaries and eventually to the polls to choose their next Chief Executive.

Effiong, a journalist writes from Lagos

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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Peter Obi, Only Life in ADC, Says Fayose

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Former Governor of Ekiti State, Ayodele Fayose, says the former presidential candidate of the Labour Party, Peter Obi, is the only life in the African Democratic Congress, ADC.

Fayose made this statement on Friday while fielding questions in an interview on ‘Politics Today’, a programme on Channels Television.

He also said that the Peoples Democratic Party, PDP, is technically no more, adding that it is dead.

The former governor equally said that Oyo State governor, Seyi Makinde, should not be dragged into the woes of the PDP.

He said: “Obi is the only life in ADC; all other people in ADC are semi-existent. If Obi had remained in Labour Party or has gone to Accord Party, he is the only life there. All the other people there, they are not existing. They are old-forces.

“Openly, I supported Tinubu in 2023. I didn’t hide it. Till now I’m still there. I don’t jump. I have said it to you I’m not a member of APC and I will never be.”

DailyPost

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More Troubles for Ahmed Farouk: Dangote Drags Ex-NMDPRA Boss to EFCC over Corruption Claims

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The Chairman of Dangote Industries, Aliko Dangote, through his legal representative, has filed a formal corruption petition against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission.

This was disclosed in a statement made available to our correspondent by the Dangote Group media team on Friday.

Recall that Dangote had earlier petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate Ahmed for allegedly spending $5 million on his children’s secondary education in Switzerland. He withdrew the petition a few days ago, even as the ICPC vowed to continue with its investigation.

The statement on Friday said Dangote’s petition to the EFCC followed “The withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission, a strategic decision aimed at accelerating the prosecution process.”

In the petition, signed by Lead Counsel Dr O.J. Onoja, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Ahmed, and to prosecute him if found culpable.

The petition further stated that Dangote would provide evidence to substantiate claims of financial misconduct and impunity.

“We make bold to state that the commission is strategically positioned, along with sister agencies, to prosecute financial crimes and corruption-related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624) 337,” the petition read.

Onoja further urged the commission, under the leadership of Mr Olanipekun Olukoyede, “To investigate the complaint of abuse of office and corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

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