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High expectations as Dangote breaks NNPC’s monopoly, shrinks EU supply to Africa

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• Nigeria may save billions in freight cost as economy expects N9.7trillion
• CISLAC: Buhari govt overpromised, under-delivered on moribund refineries 
President Muhammadu Buhari, who did not bring to reality his pledges of overhauling state-owned refineries in Port-Harcourt, Warri and Kaduna, will today commission Dangote Refinery as stakeholders count the gains of the facility.Amidst uncertainties over Nigeria’s fuel subsidy, Dangote Refinery, a 650,000 barrels per day (bpd) facility expected to be the biggest single refinery in the world, will according to Nigerian Economic Summit Group (NESG) add about $21 billion (N9.7 trillion at the current exchange rate) yearly to the Nigerian economy.This is coming as some stakeholders yesterday said Nigeria’s 445,000 barrels per day refineries, despite being repaired, may become obsolete and difficult to sell going by the new Dangote Refinery.Concerns are however mounting as stakeholders, who spoke in separate interviews asked Nigerians to get ready to buy products at a higher price as they insisted that while the new refinery broke the monopoly in the sector, pricing mechanism would have to change.In promises detailed in the APC policy document and manifesto, Buhari’s 100 days covenant, speeches at campaign rallies and town hall meetings, Buhari before winning the 2015 election, pledged to remove fuel subsidy and fix the refineries, barely nine days to leave office the promises remained a mirage.

Although the refineries have been awarded, the Port-Harcourt Refinery has failed deadlines given by the Nigerian National Petroleum Company Limited (NNPCL).

While Europe is relying on Nigeria for crude export after banning export from Russia, its previous reliance on African countries would face a yearly reduction.

Nigeria currently sends about 547.5 million barrels of crude into the international market yearly, with an agreement to supply 300, 000 barrels per day to the Dangote Refinery, adding to its regional supplies, the oil market would automatically face a shortfall of 109.5 million barrels yearly. With obligations to supply about 445,000 barrels per day, initially meant for the refineries to contractors on the Direct Sale Direct Purchase (DSDP) deal, the development could push Europe to rely more on Middle East and Asia to meet its supply while the global market could have close 700,000bpd shortfall from Nigeria.

In 2022, the West African bloc was supplying about additional 200,000 barrels per day to Europe to augment the loss from Russia.

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On the product side, while the West Africa region imported about one million barrels per day of petroleum products last year, with 60 per cent of all products coming from Europe, at full capacity, Dangote Refinery alone would have reduced the import by over 65 per cent if most West African countries turn to the refinery for supply.

Energy Expert, Ademola Adigun said the impacts of the Dangote Refinery remained positive for the economy.

According to him, it is an elixir for the midstream and downstream segment of the industry as there are potential gains from the commissioning.

He however said: “There is still a need for clarity in some areas. How ready is the refinery to supply the product? The effect of subsidy on petrol and logistics as well as linkages to the market and so on.”

Adigun added that the existing refineries could be rendered “a little more obsolete” as finding new buyers would be difficult.

Former President of the Chartered Institute of Bankers of Nigeria (CIBN) and professor of economics at Babcock University, Segun Ajibola described the new refinery as the end of an era in many respects.

According to him, the development broke the government monopoly in local oil refining as the existing four oil refineries are government owned, with a myriad of institutional challenges ranging from corruption, lack of accountability, poor maintenance culture, economic rent syndrome, among other challenges.

“It should reduce importation of refined products and conserve foreign exchange as well. The Dangote Refinery, which is a wholly private sector driven initiative provides a good template for assessing operating efficiency in petroleum refining business. As a profit motivated investment, Dangote is expected to shake off the current burdens carried by the moribund local refineries.

“With an optimal operating template, the refinery is expected to change some narratives in this segment of the oil and gas industry. If Dangote Refinery turns out to be a success story, it will attract investors to the industry. By and large, government involvement in oil refining may become less and less significant in the country,” he said.

Ajibola however said pricing may become an issue, especially at the take-off stage, depending on the operating cost of the refinery.

According to him, Dangote may price its products commercially, devoid of subsidy.

Ajibola said, on the short run, contribution to national output and income, employment generation, tax revenue; foreign exchange earning potentials from export of refined products to especially the neighboring countries would be assured.

For that to happen, he said unless economies of scale drives down unit cost, Nigerians may have to make do with a higher than existing price of the products from Dangote Refinery.

Partner at PWC, Habeeb Jaiyeola said being a private business, which is expected to yield returns for its investors, there is a need to ensure the enabling environment exists to enable the refinery to thrive.Jaiyeola said the downstream sector must be fully deregulated for reasonable returns on investment, as the shareholders are not restricted by regulations.“It is built in a free trade zone, the refinery is therefore able to seek markets outside Nigeria as well,” he said.African Refiners and Distributors Association (ARDA) had said refinery output on the African continent would peak in 2027 at 77.6 million metric tons per year.The association also noted that the start-up of the 650,000 bpd Dangote Refinery, which has been designed to produce AFRI-6 (10 ppm sulphur) fuels from the onset, would be a game-changer for the continent’s clean fuels journey and bolster Africa’s energy security while significantly reducing foreign exchange utilisation on imports.Executive Secretary of ARDA, Anibor Kragha said: “We commend what the Dangote Refinery is doing to make the refinery come on stream. This new refining capacity will definitely serve as a game changer for the various African economies.”With rising demand for fuel as population increases on the African continent, Dangote Refinery is expected to process a variety of light and medium grades of product that would address demand for gasoline, diesel, jet fuel and polypropylene.

Developed with an estimated investment of $19 billion with an acquisition of 20 per cent minority stake NNPC for $2.76 billion, the project is expected to generate 9,500 direct and 25,000 indirect jobs.

Meanwhile, Executive Director at Civil Society Legislative Advocacy Centre (CISLAC), Auwal Musa Rafsanjani, said it is encouraging that Nigeria now has a functioning refinery though it is privately owned.

He noted that the move speaks volume of how patriotic some citizens are by ensuring that they build something that would benefit the country in terms of job creation and revenue streams.

“The Dangote refinery will lift the fuel scarcity that Nigerians are suffering in the sense that fuel will now be readily available for consumption by the citizens.

“In addition to that, the refinery will also provide the opportunity for Nigeria to be an exporter of oil thereby reducing government spending in importation of oil and also give a boost in government revenue. On top of that the entire West African region will benefit from this refinery and it’s products,” Rafsanjani said.

He, however, said the development signals a serious concern as to when the Nigerian government would commit itself to reviving the country’s refineries, adding that the Buhari-led administration overpromised but under-delivered on reviving the dead refineries.

“It is deeply disappointing and disheartening to see that despite all the promises made by the President to revive our state-owned refineries, he is leaving office with no legacy to look up to as to the current condition of our refineries. But we are not surprised as this is one of many promises that the President failed to fulfill.

“We must remember that the President promised to fight corruption, insecurity and create employment opportunities especially for our teeming youths who have no work to do,” Rafsanjani said.

He urged incoming administration to revive the refineries, because that would help boost oil production/consumption, create more jobs, increase government revenue through export of the refined fuel to other countries.

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Enugu Approves ₦32bn Legacy Gratuity Payment, Begins Disbursement Next Week

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The Enugu State Government has approved the payment of about ₦32 billion in outstanding legacy gratuities owed to retirees, with the first tranche of ₦10 billion scheduled for release from next week.

The Secretary to the State Government (SSG), Prof. Chidiebere Onyia, disclosed this on Friday while briefing journalists at the Government House, Enugu, after the State Executive Council meeting.

Onyia, who briefed newsmen alongside the Commissioner for Information and Communication, Dr. Malachy Agbo; Commissioner for Lands and Urban Development, Barr. Chimaobi Okorie; and Commissioner for for Commissioner for Human Development and Poverty Eradication, Prof. Benedett Ekwutosi Okoli, said the payment was part of the commitment of the Governor Peter Mbah Administration to clear the inherited gratuity liabilities before the end of Mbah’s first tenure.

He explained that the outstanding gratuities were liabilities inherited by the present administration, adding that the state government had made provisions for the settlement of the gratuities in the 2026 budget, which had been approved by the State House of Assembly.

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“This amount of money was put in the 2026 budget and approved by the Enugu State House of Assembly. So, it is in appropriation law,” he said.

The SSG stressed that the decision was not a hastily conceived measure but part of a planned process to address the state’s outstanding obligations to retired workers.

According to him, the government suspended the existing gratuity verification process in December 2025 and established a verification committee to review records dating back to 2000.

He said the exercise was designed to establish the actual liabilities by examining retirees’ records and supporting documents, adding that the amount approved by the Executive Council was based on the outcome of the verification.

Onyia disclosed that the first ₦10 billion tranche would be released to commence payments, after which subsequent tranches would follow until the entire verified liability of approximately ₦32 billion was cleared.

The SSG added that the administration was also addressing gratuity obligations at the local government level, where the outstanding exposure was estimated at more than ₦10 billion.

He said Governor Mbah had approved a meeting of the Economic Council to review the local government liabilities to enable local government retirees to start receiving their gratuities soon, alongside their counterparts at the state level.

He clarified that the current exercise focused on legacy gratuities, noting that the government had already commenced the payment of outstanding pension obligations following the verification of eligible beneficiaries.

“The gratuity owed to every retiree across the board from 2000 will be paid,” he said.

The SSG also disclosed that the verification committee, which he chaired, had reviewed the records of 66,783 persons across the workforce and pension-gratuity categories.

He explained that the verification exercise was necessary to guard against fraudulent claims and ensure that payments were made to legitimate beneficiaries.

He, however, clarified that retirees, who had concerns with the outcome of the verifications were free to submit their complaints to the verification committee for further review.

Onyia said that clearing the inherited gratuity liabilities was an important step towards ensuring that the state did not continue to accumulate unpaid retirement benefits for future administrations.

He reiterated that the Mbah administration was committed to settling the verified legacy obligations while sustaining payments to eligible pensioners and putting in place a more sustainable pension system for the state.

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Tinubu Orders Rescue of Kidnap Victims, Demands Peaceful 2027 Elections

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President Bola Tinubu
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President Bola Tinubu has directed heads of security agencies to rescue all abducted persons and ensure that no terrorist or bandit camp remains anywhere in Nigeria, the Minister of Defence, Gen. Christopher Musa (retd.), said on Thursday.

Musa, who spoke to State House correspondents after a security meeting presided over by the President at the Presidential Villa, Abuja, said Tinubu also asked the service chiefs and other security heads to guarantee a safe environment for Nigerians to vote in the elections scheduled for January.

The minister said the meeting was convened to brief the President on the security situation ahead of the polls, with all heads of security agencies in attendance.

“The directive from the President is: all of us must go all out to fish out and rescue all those that have been abducted, kidnapped, wherever they are.

“There shouldn’t be any camp of any terrorists or bandits anywhere in Nigeria,” he stated.

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Musa said Tinubu made it clear that he wanted a free, fair and credible election, and assured political parties that the security forces would not take sides.

Musa stated, “Mr President made it very clear he wants a free, fair and credible election. We must do everything possible to ensure that the country is safe and secure for the citizens to go out and vote.

“We are going to ensure that we give everybody the opportunity to go and serve, so they have nothing to worry about, nothing to be afraid of, and nobody is going to intimidate them for whatever reasons.”

He added that it was “important for all other political parties to understand that the security forces are going to be neutral.”

The minister rejected suggestions that underage persons were being recruited into the armed forces, saying the concern related to the use of children by terrorists.

According to Musa, “There is nobody that is underage that is being brought here. I think the discussion that was made was that the accusation was on the terrorists using underage.

“We know that we don’t have control over what they do, and that’s why we need to understand that we must not allow them to remain wherever they are.”

On efforts to boost the capacity of the security forces, Musa cited increased recruitment, training and procurement.

He said Tinubu would soon inaugurate about 10 newly acquired aircraft and helicopters.

“Mr President is coming to commission a set of new aircraft and helicopters that have been bought.

“I think almost about 10 of them in number, and to show Nigerians that despite the economic issue, the issue of security is on the front burner of Mr President’s view,” he announced.

He pointed to the recent salary increase for members of the armed forces and said improvements for the police, other agencies and pensioners were being addressed.

“Nobody is going to be left behind,” he said.

On August 4, Tinubu approved salary increases of between 30 and 80 per cent for about 250,000 armed forces personnel, effective September 1.

Privates to staff sergeants got the highest rise, at 80 per cent, while officers above the rank of colonel got 30 per cent. The yearly salary bill rose from N660bn to N924bn.

In October 2025, the Defence Ministry said 24 aircraft, including 10 AW109 Trekker attack helicopters and M-346 fighter jets, were being built for Nigeria by Leonardo in Italy, for delivery in four batches.

The minister urged Nigerians to support the security agencies, including by reporting wrongdoing by security personnel.

He argued, “Security is everybody’s responsibility. It’s not only for members of security forces. Everyone has a role to play.

“Whatever you see that is going wrong, even with our members that are not doing what is right, please don’t hesitate to report. Action will be taken.”

The meeting was attended by the National Security Adviser, Nuhu Ribadu; the Minister of Police Affairs, Ibrahim Gaidam; the Minister of State for Defence, Bello Matawalle; and the Special Adviser to the President on Homeland Security, Maj Gen Adeyinka Famadewa (retd.).

Others present were the Chief of Army Staff, Lt Gen Waidi Shaibu; the Chief of Naval Staff, Vice Adm Idi Abbas; the Chief of Air Staff, Air Marshal Sunday Aneke; the Chief of Defence Intelligence, Lt Gen Emmanuel Undiandeye; the Inspector-General of Police, Olatunji Disu; the Director-General of the National Intelligence Agency, Mohammed Mohammed; and the Director-General of the Department of State Services, Adeola Ajayi.

Thursday’s meeting comes 90 days before Nigerians head into the January 2027 general elections, with the presidential poll scheduled for January 16.

Impeccable sources familiar with the discussions held at the meeting told our correspondent that the President ordered the deployment of forest guards in all reclaimed territories from terrorists and bandits, to prevent them from reoccupying areas from where the military had dislodged them.

The sources also said the council discussed the designation of power facilities as critical national assets, following repeated vandalism, and that the President asked for a review of possible restrictions to stem the risk of Ebola entering Nigeria.

One of the sources said the military, by the nature of its operations, clears areas and moves on, often leaving retaken swaths of land open for reoccupation by terrorists.

“The President has directed that we deploy forest guards to hold the grounds that the military has taken. The military does not hold ground. They simply clear the place and move.

“When the military clears the place, these insurgents, they run. And once we take it, we can’t stay there, so they come back.

“The plan now is to deploy forest guards to hold some of these territories,” one high-ranking official stated.

However, the official did not say how many guards would be deployed, in which states, or when.

The Presidential Forest Guards Initiative, coordinated by the Office of the National Security Adviser, was launched in May 2025.

It was conceived in February 2024 after a meeting with state governors, who were asked to recruit between 2,000 and 5,000 guards each.

On December 10, 2025, Tinubu directed the NSA, Nuhu Ribadu, to begin the “immediate training, arming, and deployment of additional forest guards nationwide.”

The President said, “We need all the forces we can utilise.”

On December 27, 2025, more than 7,000 guards graduated after three months of training and were deployed in seven states including Borno, Sokoto, Yobe, Adamawa, Niger, Kwara and Kebbi.

Ribadu described them as a “force multiplier” and said they would “identify hot spots” in forests.

He stated that the Department of State Services and the National Park Service will handle operational coordination.

After the May 15, 2026 abduction of pupils and teachers in Oriire Local Government Area of Oyo State, the Federal Government said Tinubu had approved the recruitment of 1,000 more guards for the state.

In August, the programme grew to 10 states, with over 2,000 more trained in Kaduna, Edo and Kogi, reportedly bringing the total to about 9,000.

On February 19, 2016, the Chief of Defence Staff, Gen Olufemi Oluyede, inaugurated Operation Savannah Shield in Kwara, vowing that forests and ungoverned spaces “will no longer serve as safe havens” for terrorists.

Another official familiar with Thursday’s deliberations said the council discussed attacks on electricity infrastructure.

“Because of the problems of vandalism of power facilities, we are already working to designate it as a critical national asset. It was brought up at the meeting to be designated.

“It has to be designated before we can now take appropriate action on it,” the official said.

On June 24, 2024, Tinubu signed the Critical National Information Infrastructure Order, which listed power generation and distribution among 13 sectors and tasked the NSA with protecting them.

In October 2024, vandalism of the Shiroro–Kaduna line plunged about 17 northern states into darkness.

Tinubu at the time said the government would no longer tolerate sabotage of public utilities and ordered security cover for repair crews.

A third source said the council also reviewed the Ebola outbreak in Central Africa, which he said was rising.

According to the official, “We looked into this Ebola crisis. We have to look at it because it’s rising. Beyond what we’re doing now, the President said we have to look at it and see whatever restrictions we might need to make to safeguard Nigerians. We cannot afford to fold our arms.”

When pressed for specific measures to be taken by the Federal Government, the official declined to speak. (Punch)

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BREAKING: Anglican Church Places Archbishop Ibezim on Six-Month Leave, Bars Him From Church Duties

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Primate appoints Bishop Ezeofor to oversee Awka Diocese, Province of the Niger amid investigation

The Church of Nigeria (Anglican Communion) has directed the Archbishop of the Province of the Niger and Bishop of the Diocese of Awka, Most Rev. Alexander C. Ibezim, to proceed on six months’ leave with immediate effect amid investigations into allegations and recent developments within the diocese.

The Primate of the Church of Nigeria, Most Rev. Henry C. Ndukuba, announced the decision in a letter dated Tuesday, October 13, 2026, while appointing the Bishop of the Diocese of Aguata, Rt. Rev. Samuel Ezeofor, as Supervising Bishop of the Diocese of Awka and Coordinating Bishop of the Province of the Niger during Ibezim’s absence.

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In the letter addressed to Ibezim, Ndukuba said the decision followed developments in the Diocese of Awka that had raised concerns about the integrity and reputation of the Church of Nigeria.

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He referenced administrative investigations into the matter, particularly the report of a visitation team led by the Dean of the Church of Nigeria, which had been submitted and considered by the church leadership.

The Primate also cited a meeting with Ibezim on Friday, October 9, during which the visitation team’s report was discussed.

According to the letter, the directive was issued pursuant to Section 29(1) of Chapter V of the Constitution and Canons of the Church of Nigeria (Anglican Communion), 2020, which provides for the Primate’s general authority and supervisory powers over the church.

Ndukuba explained that the administrative measure was intended to facilitate a fair and thorough investigation, while creating an opportunity to restore peace and promote reconciliation within the Diocese of Awka.

He stressed that the leave should not be interpreted as a disciplinary sanction but as an administrative arrangement designed to allow an impartial inquiry into the issues affecting the diocese.

The letter stated that the leave would last for an initial period of six months, subject to any revision the church leadership might consider necessary.

During this period, Ezeofor will assume episcopal responsibilities and oversee the affairs of both the Diocese of Awka and the Province of the Niger.

Ibezim was also directed not to officiate at any activities of the Church of Nigeria (Anglican Communion), the Province of the Niger or the Diocese of Awka throughout the period of his leave.

The Primate further instructed the archbishop to make immediate arrangements to hand over his responsibilities to Ezeofor at his office before departing.

Copies of the letter were sent to Ezeofor, the Chancellor and Registrar of the Church of Nigeria, the Provincial Council of the Province of the Niger and the Diocesan Board of the Diocese of Awka.

Background to the controversy

Although the letter did not disclose the specific allegations against Ibezim or provide details of the visitation team’s findings, reports have linked the controversy to allegations that the archbishop sold church lands valued at more than ₦2 billion without authorisation.

The allegation reportedly triggered a legal and ecclesiastical dispute, alongside speculation that the Economic and Financial Crimes Commission (EFCC) was seeking to arrest the archbishop.

The development followed a petition dated July 28 and submitted to the EFCC’s Enugu Zonal Directorate by Chief G. Tagbo (SAN) of Ike Ike Associates on behalf of Echezona Onuigbo, a member of St. Faith Cathedral, Awka.

However, an arrest was reportedly restrained by the Anambra State High Court sitting in Awka following an order granted by Justice F. I. Aniukwu in response to a motion ex parte dated September 4, 2025. The application was filed by Ibezim through his counsel, B. E. I. Nwofor (SAN).

The controversy also reportedly resulted in the removal of the Chancellor of the Diocese of Awka, Hon. Justice O. J. Okeke (retd.), by the archbishop.

The circumstances surrounding the allegations and the outcome of the church’s ongoing investigation remain unclear, as the Primate’s letter did not disclose the details of the findings or specify the allegations under investigation.

The six-month leave and the appointment of Ezeofor mark a significant administrative development in the leadership of the Diocese of Awka and the Province of the Niger as the church seeks to address the issues and restore stability.

The letter:

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