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Akwa Ibom Government Invests N112 Billion in Road Infrastructure Projects

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…DAKKADA OIL PALM FACTORY COMMENCES MILLING SOON

“Since May 2023, Akwa Ibom State Government Invests N112 Billion in Road Infrastructure”

Commissioner for Works and Fire Service, Prof. Eno Ibanga disclosed this when he presented a breakdown at the State Executive Council meeting in Uyo.

He revealed that 39 new road projects have been undertaken with N78.77 billion released to fund them, while old projects have been funded to the tune of over N30 Billion, with an additional N12 Billion recently released by the Governor.

Details of the Exco meeting were made public by the Commissioner for Information, Ini Ememobong.

The Executive Council also approved the increment of pension for pensioners who retired before 2012, effective April 2024.

Following the ongoing harvesting of fruits, milling will soon commence at the Dakkada Global Oil Palms.

The Managing Director of the Akwa Ibom Investment Corporation, Pastor Imoabasi Jacob announced this during his presentation at the State Executive Council meeting presided over by Governor Umo Eno.

Two projects executed through the Direct Labour Agency have been completed with 19 other ones ongoing.

The Director of Operations of the Agency, presented a status update on the projects under their supervision, also disclosed that 31 of the 100 initial ARISE Compassionate Homes will be completed and presented soon.

The Council was also briefed on the progress at Ibom LED, where 800 people have been trained and N400m has been approved to fund the grant of N500,000 to each of the participants, which will soon be done.

The Governor charged all the Executive Council members to ensure that all the projects and programmes under their supervision are people-centric from ideation to execution. He advised that project monitoring should be ramped up to ensure quick completion.

Major Highlights of the meeting are as follows:

√Status update on Food sufficiency received; proposal on increased cocoa, rice production & Ibom Model Farm submitted by HC for Agriculture & Rural Development

√Presentation of proposal by MD, AKICORP on Ibom Towers, FalconNext, Landmark Beach Resort.

√Dakkada Global Oil Palms Ltd ready to commence milling of ongoing harvested fruits

√Confirmation of N400m disbursed at N500,000 each to 800 IBOM-LED trainees in two batches

√Briefing by HC Works & Fire Service on N112 billion disbursed by the Governor for road infrastructure since May 2023, with 39 new road projects receiving N78.77 billion & N30 Billion for old projects, with additional release of N12 Billion

√Presentation by HC Culture & Tourism on tourism blueprint for proposed development of Tourism hubs at Ikot Abasi, Itu, and Oron

√ Two projects ready, 19 ongoing through Direct Labour Agency on 1 Project per Local Government Area; 31 ARISE Compassionate Homes nearly completed

√Approval for increment of pension for pensioners who retired before 2012, effective April 2024.

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Tenure Policy: India, Others Reject Tinubu’s Ambassadors

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Some countries, including India, have reportedly declined to accept a number of ambassadors recently nominated by Bola Tinubu, citing diplomatic policies tied to the remaining tenure of the sending government.

Sources within Nigeria’s Presidency and the foreign service disclosed that India has a standing practice of not accepting ambassadors from administrations with less than two years left in office.

One of those affected is career diplomat Ambassador Muhammad Dahiru, who was nominated to serve in New Delhi.

According to officials familiar with the matter, the Asian country is exercising its discretion to delay or reject the request from Nigeria’s Ministry of Foreign Affairs for Dahiru’s acceptance.

“They don’t accept an ambassador from an administration that has less than two years in office. So they are giving us that body language already,” a Presidency source said.

The development follows earlier concerns that several of Tinubu’s ambassador-designates could face resistance from host countries due to the limited time left in the administration’s current tenure.

Under diplomatic protocol, countries must grant formal approval known as agrément before a nominated envoy can assume duties. Without this consent, ambassadors cannot be officially deployed.

Officials say while India’s position is the most explicit so far, other countries may adopt similar approaches, potentially delaying Nigeria’s plan to fully restore ambassadorial representation across its foreign missions.

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Adenuga, Dangote, Otedola, Rabiu Make 2026 Forbes Africa Billionaires List

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Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu have been named among Africa’s richest individuals in 2026.

According to the latest Africa Billionaires ranking released by Forbes, Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. He added about $4.6 billion to his fortune over the past year, largely driven by the strong performance of Dangote Cement on the Nigerian Exchange Limited.

Telecommunications magnate Adenuga also retained his place among Africa’s billionaires.

The founder of Globacom and chairman of Conoil Producing remains one of Nigeria’s most influential entrepreneurs with diversified interests spanning telecoms, oil and gas, and banking.

Otedola, chairman of Geregu Power Plc, also featured on the list despite a slight dip in his wealth over the past year. Forbes estimates that the billionaire investor lost about $200 million following the sale of a majority stake in the power generation company at a discount to its market price.

The increase in Rabiu’s net worth was largely driven by the performance of BUA Cement, whose shares rose 135% over the past year, outperforming the broader rally on the Nigerian stock market.

The 23 billionaires on the continent are now worth a combined $126.7 billion, representing a 21% increase from 2025 after they collectively added $20.3 billion to their net worth.

Across the continent, billionaire fortunes were boosted by strong equity market performance, record corporate profits, and improving currency stability in several African economies.

South Africa remains the highest number of billionaires on the list, with seven individuals, followed by Egypt with five, Nigeria with four, and Morocco with three.

No female billionaires from Africa appeared on the 2026 ranking list.

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Israeli Ambassador Accuses Iran of Spreading Terror, Sponsoring Extremist Activities in Nigeria

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Israeli Ambassador to Nigeria, Michael Freeman, has accused Iran of sponsoring extremist activities in Nigeria and other parts of the world, alleging that Tehran supports groups aimed at destabilising countries while pursuing its hostility against Israel.

Freeman made the remarks on Friday while speaking during an interview on The Morning Show on Arise News.

The envoy claimed that Iran is the only country within the United Nations that openly expresses a desire to destroy another sovereign state, referring to repeated threats against Israel.

According to him, the Iranian government has, over several decades, supported militant groups and terror organisations around the world in pursuit of that objective.

Freeman alleged that Iran has backed groups such as Hamas and Hezbollah, adding that Tehran was also behind the October 7 attack carried out by Hamas against Israel.

He further claimed that Iranian activities aimed at spreading instability have been observed across several regions, including Europe, Australia, and parts of Africa.

Speaking specifically about Nigeria, the Israeli ambassador alleged that the Islamic Movement of Nigeria receives backing from the Iranian government.

According to Freeman, statements of support from Iran’s leadership, including posts by Ali Khamenei on social media, have openly indicated such ties.

He said: “The issue here is about Iran. Iran is the only country in the world, in the United Nations, who expressly desires to wipe another country off the face of the earth. Iran has stated its very policy is to destroy Israel. Is to wipe Israel off the map is to make sure they kill every single person and no regime, no country that has an express desire to destroy Israel, and it’s not only an expressed desire.

“We’ve seen over 47 years, they’ve taken all the actions they can in order for that to happen. We’ve seen them sponsor terror organizations. They were behind October the seventh massacre of Hamas. We’ve seen them sponsoring Hezbollah. We’ve seen them acting in Europe. We’ve seen them acting in Australia. We’ve seen them acting in Nigeria.

“We’ve seen these people acting all across the world in order to spread disturbance for them to try and carry out their aim of destroying Israel, and Israel will not allow another country to have nuclear weapons when they’ve expressly stated they want those weapons to destroy Israel”.

“I think that it is well documented. We know that there are certain movements, for example, the Islamic movement of Nigeria is sponsored and is backed by the Iranian regime. This is not me saying this, we’ve seen that documented by the Iranian regime.

The Supreme Leader posted on X his support and his backing there. So that’s very open. And there are other areas as well that Iran is working for, destabilizing, not only Nigeria, but all of West Africa.”

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