
News
AFC Forum: BUA Chief, Rabiu pushes Africa’s shift from extraction to processing
Abdul Samad Rabiu, Chairman of BUA Group, has urged African governments, financiers and private sector leaders to urgently pivot the continent’s economic model from raw resource extraction to large-scale processing and industrial transformation.
Speaking at a high-level mining forum convened by the Africa Finance Corporation (AFC), in Cape Town, South Africa, Rabiu commended the institution for its leadership in mobilising long-term capital for Africa’s industrial, mining and real sector development, noting that its recent S&P Global rating with a positive outlook reinforces the importance of strong development finance institutions in shaping Africa’s growth trajectory.
Drawing from BUA’s 16-year journey in mining and cement production, Rabiu recounted how Nigeria once depended heavily on cement imports despite possessing vast limestone deposits.
He described the challenge of constantly chasing foreign exchange to import cement, exposing the company to currency volatility and supply uncertainties.
“We were spending more time chasing FX than selling cement,” he said, explaining that BUA eventually made the strategic decision to invest in local cement production anchored on Nigeria’s limestone resources.
Today, BUA mines and processes approximately 40,000 tonnes of limestone daily, producing about one million tonnes of cement monthly. As a result, Nigeria has transitioned from being a net importer of cement to a net exporter, saving billions of dollars annually in foreign exchange.

Rabiu stressed that such transformation would not have been possible without patient capital from development finance institutions, particularly AFC, which has supported BUA Cement and other industrial operations with over $400 million in long-term financing.
He noted that a substantial portion of the facility has already been repaid, demonstrating that well-structured African industrial projects are both developmental and bankable.
Expanding the discussion to the wider continent, Rabiu highlighted what he described as Africa’s “structural paradox.”
While Africa is rich in resources, the majority of its mineral wealth is exported in raw or minimally processed form.
Gold, platinum group metals, cobalt, copper, iron ore and diamonds are largely shipped abroad for processing, while African nations import finished products at significantly higher prices.
He pointed out that Nigeria spends between $3 billion and $4 billion annually importing steel products despite sitting on over four billion tonnes of iron ore.
The same pattern, he noted, exists in agriculture. Four African countries produce about 75 per cent of the world’s cocoa, yet Africa captures only a fraction of the more than $200 billion global chocolate industry.
Meanwhile, Africa holds about 60 per cent of the world’s arable land but continues to import billions of dollars worth of food annually.
“Africa does not lack resources,” Rabiu declared. “Africa lacks processing capacity, industrial scale and strategic execution.”
He called on development finance institutions to scale long-term financing for beneficiation, industrial value chains and infrastructure, while urging governments to adopt deliberate policies that incentivise local processing and discourage raw exports where capacity exists.
“Africa must move from extraction to transformation, from potential to productivity, and from resource wealth to shared prosperity,” he concluded.
News
Five abducted Kwara worshippers killed, one escapes, others still held
Terrorists have killed five out of the eight worshippers abducted at ECWA Church Omugo in Ifelodun local government area of Kwara state, says one escaped abductees.
Rev Sunday Omole had urged federal government to expedite action on the release of the abductees from the captivity of the terrorists.
The clergyman said government intervention had become necessary after the community paid the terrorists N20 million and provided additional items worth more than N300,000, yet the abductors refused to release the worshippers and instead demanded an additional N300 million ransom.
He added that from the action of the terrorists it was clear that they just wanted to be exploiting the community.
Recall that eight of the worshippers including the Pastor’s wife were kidnapped in the morning of March 22,2026 during a Sunday service.
The death of the five worshippers including the Pastor’s wife was disclosed in a statement issued by the Pastor of the church, Rev Sunday Omole, Wednesday evening.

The statement reads:
“It is with deep pain in my heart that I inform the church, families and individual concerned in regard to the 8 people that were abducted from ECWA OMUGO on 22nd of March, 2026.
“We received one of our son’s, Mr Sunday Bakare also abducted over a month ago, he escaped and brought the following news that only 3 out of 8 of our people are remaining with the kidnappers. The remaining 5 have gone to be with the Lord.
“They are; Elder Chief David Omopariola,
Chief Joseph Ibitoye Afariogun,
Mrs Iyabo Aniyi,
Elder Joshua Akanbi Adeyemi and
Mrs. Rachel Oluwaremilekun Omole(his wife).
“Brethren, let’s know that God knows why He allows this to happen. The great comforter will comfort us in Jesus name, amen.
“The prayers of the saints in the beginning of the church also worked and answered still they had martyrs. John 16:33 says (NIV) “I have told you these things, so that in me you may have peace . In this world you will have trouble . But take heart! I have overcome the world.”
Heaven is our home and Gain. Let’s reason as child of God as we navigate this moment. God bless you, and comfort you all in Jesus name, amen.”concluded the statement.
It was also gathered that the three remaining worshipers are in terrible health condition, while a member of church who escaped from the terrorists captivity is currently receiving an urgent medical attention in a private hospital in OmuAran.
News
Mbah Rewards Rangers Players, Management with Plots of Land, N150m for Winning NPFL
…charges team to bring home continental trophy
Governor Peter Mbah of Enugu State has gifted players and management of Rangers International Football Club with plots of land and the sum of N150 million for winning the 2025/2026 NPFL title.
Mbah announced the gifts during a dinner reception he hosted in honour of the players, technical crew and management of the team at Government House, Enugu, on Tuesday night.
Rangers FC won the league for a record-equaling ninth time and also for a second time in three years under the Mbah Administration following a 2-1 win over Ikorodu City Boys in Lagos on May 24, 2026.

Speaking at the event, Mbah likened the reception to welcoming home a child who had excelled academically, saying the government and people of Enugu State were delighted to celebrate the team’s success.
“We are providing you with a cash gift of N100 million for the players and N50 million for the technical and management crew.

“In addition to that, we have approved a plot of land in Enugu for every player, while additional plots will be allocated to the General Manager, Head Coach, Secretary and Assistant Coach,” Mbah said.

The governor noted that Rangers was more than a football club, describing it as a symbol of resilience, unity, hope and social renewal established in the aftermath of the Nigerian Civil War.
According to him, the club carries a rich history and legacy associated with football legends such as the late Christian Chukwu, Emmanuel Okala and Austin “Jay-Jay” Okocha.
He commended the players, coaches and management for their hard work, sacrifices and discipline throughout the season, noting that the trophy was the product of countless acts of determination and effort.

Mbah also praised Rangers General Manager, Amobi Ezeaku, for his leadership, resilience and commitment, saying the qualities required to build a successful football club were similar to those needed to build a successful state.
The governor assured the team of continued government support, stressing that sports remained a key component of his administration’s development agenda.
He also stated that renovation works at the Nnamdi Azikiwe Stadium, popularly known as “The Cathedral,” would be completed in time and to international standards for Rangers’ continental matches.
He added that Enugu State, under his leadership, would continue to invest heavily in sports infrastructure and development, noting that the state would host the 2026 National Sports Festival in a manner that would leave lasting marks in the sands of time.
Mbah, however, identified complacency as an enemy of success, urging the team not to rest on their laurels and well-deserved accolades.
“So, brace up, fight on, keep winning and ensure you bring the continental trophy home,” he concluded.
Earlier, the Commissioner for Sports and Youth Development, Mr. Lloyd Ekweremadu, thanked the governor for hosting the champions and for his sustained investment in sports development.
Ekweremadu described the league triumph as a testament to the governor’s commitment to excellence and service delivery across sectors.
The commissioner recalled that Enugu State emerged overall winner of the National Para Games in March with 55 medals comprising 40 gold, eight silver and seven bronze medals.
Responding, Ezeaku noted that success was built on discipline, preparation and ambition, drawing inspiration from renowned philosophers such as Aristotle, Seneca and Ralph Waldo Emerson.
He emphasised that the celebration extended beyond the lifting of a trophy and represented a celebration of leadership, vision and the power of unity among government, management, players and supporters.
The General Manager expressed profound gratitude to Governor Mbah for his unwavering support of the club, stating that Rangers had enjoyed one of its most successful periods in recent history under the governor’s administration.
According to him, Rangers has won two NPFL titles within three years of Governor Mbah’s tenure, a feat he described as remarkable in contemporary Nigerian football.
“This is credited to the governor’s commitment to sports development, youth empowerment and excellence, helping to restore the club’s competitive edge,” he said.
The club also highlighted the governor’s broader achievements in infrastructure, education, healthcare, technology and economic development, while stressing that his contribution to sports deserves equal recognition.
Reflecting on the club’s title-winning campaign, Ezeaku revealed that the journey was marked by intense competition, with rival clubs reportedly receiving promises of substantial incentives, including cash rewards, vehicles and landed properties.
“Despite these developments, the club maintained focus and confidence, believing that hard work and excellence would ultimately be rewarded.
“We remained resolute and focused throughout the season. Our confidence came from our belief in the leadership of Governor Peter Mbah and our conviction that sacrifice and excellence would not go unnoticed,” he stated.
Looking beyond domestic success, he declared Rangers’ intention to compete among Africa’s elite clubs and challenged stakeholders to support the club’s continental ambitions.
The general manager described Rangers as one of Africa’s historic football brands with the fan base, identity and pedigree to compete successfully at the highest level.
He expressed confidence that with strategic investment and continued government support, Rangers could one day lift the CAF Champions League trophy and bring continental glory back to Nigeria.
“Every great achievement begins as a dream. Today, we dream of Rangers defeating Africa’s biggest clubs and bringing the CAF Champions League trophy to Enugu,” the management said.
Meanwhile, Rangers FC and their fans had earlier celebrated their NPFL win at Okpara Square and paraded their trophy through the capital city with much jubilation and fanfare before retiring to Government House for the dinner reception and presentation of the trophy to the governor.
News
Final-year female varsity student found dead in Kogi
The lifeless body of a final-year female student of the Federal University Lokoja has been discovered along the Felele–Lokoja Road in Kogi State.
The deceased, identified as Sarah Ojodomo Idoko, was a final-year student of the Federal University Lokoja. Her body was reportedly found on Saturday night near the Crusher area along the busy Felele axis after she was allegedly dumped there by unknown assailants.
Eyewitness accounts indicate that a vehicle was seen stopping briefly near the location at about 8 p.m. before speeding away. Shortly afterwards, passers-by reportedly discovered the victim’s body by the roadside and alerted authorities.
Initial reports suggested that Sarah was a student of Kogi State Polytechnic, Lokoja, after an identity card bearing her name and academic details was recovered at the scene.
The card indicated that she was enrolled in the Higher National Diploma (HND) programme in the Department of Office Technology Management for the 2024/2025 academic session.
However, the Kogi State Police Command later clarified that the deceased was actually a student of the Federal University Lokoja.

Confirming the incident, the Commissioner of Police in Kogi State, CP Naziru Kankarofi, said investigations had commenced.
He noted that the police were working to establish the circumstances surrounding the death and track down those responsible.
According to the police commissioner, details of the investigation would be made public at the appropriate time, while assuring residents that the command remains committed to ensuring justice for the deceased.
The tragic death of Sarah Ojodomo Idoko has once again raised concerns about the safety and security of students and residents along the Felele corridor, a major gateway to Lokoja that has witnessed several security-related incidents in recent years.
Meanwhile, the Association of Nigeria Female Students (ANFS), Kogi State Chapter, described the killing as cruel, unfortunate, and unacceptable.
In a statement issued by its State Coordinator, Comrade Celina Ojoniko James, the association expressed deep sorrow over the loss and called on security agencies to conduct a thorough investigation to ensure that those responsible are identified and prosecuted.
The group also urged government authorities and security agencies to strengthen safety measures around campuses and student communities to prevent similar tragedies in the future. (TRIBUNE)
-
News21 hours agoFinal-year female varsity student found dead in Kogi
-
Uncategorized3 days agoCourt remands 5 police officers in prison over murder of Delta musician, Ogidi
-
Uncategorized3 days agoInsecurity: Oyo Teachers begin indefinite strike
-
News23 hours agoGunmen kidnap ex-minister Adelabu’s sister, children in Ibadan
-
Uncategorized3 days agoTroops rescue 23 abducted victims, recover vehicles in Kogi
-
Uncategorized2 days ago2027: My spirit tells me Peter Obi will do well as President — Ebube Muonso
-
News3 days agoProtests rock Oyo over abduction of students, teachers by terrorists
-
Uncategorized3 days agoGunmen ambush police officers returning from duty, kill two in Anambra



