News
SPOTLIGHT: Niger State’s Maiden Green Economy Summit 2023
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By Aliyu Umar Aliyu
Known for its diverse natural resources, including fertile agricultural land, forests, water bodies, abundant mineral deposits, and scenic landscapes is Niger State, located in the North Central region of Nigeria.
Like many regions across the globe, Niger state is grappling with challenges related to environmental degradation, including deforestation, soil erosion, and water pollution which have all been exacerbated by climate change, leading to unpredictable weather patterns, increased desertification, and threats to agricultural productivity in the face of challenging financing circumstances.
With the growing need for sustainable solutions, the government of Niger State, under the leadership of Governor Mohammed Umar Bago, will host the first ever subnational, Green Economy Summit, with the unveiling of the Niger State Green Economy Blueprint to guide developmental choice of actions in the state.
The main objectives of the Summit are to serve as a platform to attract local and international investors interested in green assets trading, green technologies, renewable energy projects, and sustainable financing initiatives.
Recognizing the potential of green technologies and sustainable development, Niger State government aims to leverage its carbon assets and embrace eco-friendly initiatives to boost economic growth.
Consequently, the summit will focus on exploring green business opportunities, renewable energy projects, sustainable agriculture, and eco-tourism as means to drive economic diversification and job creation.
It will also align with the global commitment to reducing carbon emissions, transitioning to a low-carbon economy, and promoting sustainable development, in line with Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement, and the United Nations Sustainable Development Goals (SDGs).
It is also meant to provide opportunity to showcase innovative green technologies and best practices from around the world. This will foster technology transfer and knowledge sharing to enable Niger State adopt and implement sustainable greenhouse solutions effectively.
The gathering will place emphasis on the role of local communities in sustainable development thereby empowering communities with the necessary knowledge and resources to engage in eco-friendly practices and benefit from green initiatives.
Featuring workshops, panel discussions, and presentations, the summit shall increase public awareness and knowledge about green technologies, sustainable practices, and environmental issues.
In view of these, the Summit will attract experts and participants from around the world that will facilitate the exchange of ideas, best practices, and technologies. This will allow Niger State to learn from successful green initiatives implemented elsewhere and adapt them to its own context.
The Niger State Green Economic Summit, with the theme “Sustainable Future: Harnessing Green Assets and Innovation for Niger State’s Prosperity,” will have in attendance the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, ministers, heads of relevant agencies, state governors, representatives of multilateral and bilateral international organisations, development partners and development finance institutions.
Others include captains of industry, local and international experts on the theme and sub-themes, members of the academia, community leaders, youth and women group representatives, civil society organisations.
The two-day hybrid event will take place on the 24 and 25 October, 2023 in Minna, the Niger State capital. The date will coincide with the United Nations Day as well as the climate advocacy group, 350.org’s International Day of Advocacy for Climate Action, held on the 24 October annually.
The choice of the date is to underscore the resolve to partake in achieving collective global goals through responsible local action, especially as Nigeria prepares to participate in the 28th United Nations Climate Change Conference of Parties (COP 28) in Dubai, UAE, between November 30th and December 12th, 2023.
Five hundred (500) participants shall be drawn from a broad spectrum of backgrounds, this will ensure harvesting of innovative ideas that will enable the state make good use of its arable land in aggregating cash crops and low-hanging fruit in addressing environmental challenges, harnessing carbon assets, and fostering green economic development.
The maiden subnational summit will position Niger State as a leading example of sustainable growth and responsible environmental stewardship in Nigeria and beyond which others can take a leaf from.
*Aliyu Umar Aliyu is the Chairman, Communication subcommittee, Niger State Green Economy Summit Initiative*
News
Dangote Refinery Slashes Petrol Price To N825
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By Abubakar Yunusa
Dangote Petroleum Refinery has slashed its ex-depot price of premium motor spirit (PMS), also known as petrol, to N825.
Esan Sunday, head of media relations and branding communications at Dangote Group, announced the reduction in a statement on Wednesday.
The development comes more than three weeks after the refinery reduced petrol price from N950 per litre to N890.
The new price means that the refinery has significantly cut the ex-depot price by N125 from N950 per litre in January.
“This recent price reduction will also ensure that Nigerians pay between N860 and N865 per litre for petrol at the pump in Lagos,” the statement reads.
“This strategic price adjustment is designed to provide essential relief to Nigerians in celebration of the Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.
“It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians.
“This marks the second reduction of PMS prices in February 2025, following a previous decrease of N60 earlier in the month.
“Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season.”
The oil firm refinery also said previous reductions have positively impacted the overall cost of living, benefiting various sectors of the economy.
Dangote refinery added that its high-quality products, which have become a favourite in both domestic and international markets, will remain available nationwide, particularly through its key partners — MRS Holdings, AP (Ardova Petroleum), and Heyden — at market-friendly rates.
The organisation assured the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand and a surplus for export, thereby boosting the country’s foreign exchange (FX) earnings.
The refinery also called on marketers to support the initiative, ensuring that Nigerians remain the primary beneficiaries of its effort
News
I Inherited N8bn Debt In APC – Ganduje
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Abdullahi Ganduje, the national chairman of the All Progressives Congress (APC), says the ruling party had a debt of N8.9 billion when he assumed office.
Ganduje took over from Abdullahi Adamu, who was the national chairman of the APC until his resignation in July 2023.
Speaking during the APC’s NEC meeting in Abuja on Wednesday, the former Kano governor said the expenses were incurred during pre-election legal battles, election cases, and appeals for legislative, governorship, and presidential elections.
“The current NWC inherited debts and legal liabilities to the total tune of N8,987,874,663, arising from various legal engagements,” Ganduje said.
However, the APC chairman said Kareem Kana, the national legal adviser, has been working to reduce the debt burden.
“We still passionately appeal to the national executive committee to intervene accordingly,” he said.
Earlier today, the chairman said the party is making efforts to mend internal divisions and bring aggrieved members back into the fold.
Ganduje explained that the APC had initiated high-level discussions among party leaders and stakeholders to address lingering disagreements and strengthen party unity.
National
Alleged N1.3bn Fraud: EFCC Arraigns P-Square’s Ex-Manager
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The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square, on charges of laundering ₦1.38billion, $ 1 million and £34,537.59.
Jude was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye of the Federal High Court, Lagos, on a seven-count charge
One of the counts read: “That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
Another count read: “That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly using bureau de change convert the sum of $1,019,762.87 (One million nineteen thousand, seven hundred and six-two dollars eighty-seven cents), domiciled in Access Bank Plc operated by Northside Music Lid to the naira equivalent and remitted into various bank accounts with the intention of concealing that the said fund form part of the proceeds of an unlawful act and thereby committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
He pleaded “not guilty” to the charges.
In view of his plea, the prosecution counsel, Larry Peters Aso, applied for a date for hearing as well as for the remand of the defendant in the correctional facility pending trial.
The defendant’s counsel, Inibehe Effiong, informed the court of a pending bail application. He asked for a short date for the hearing. Effiong also asked that the defendant be remanded in the EFCC’s custody pending the hearing of the application.
Aso objected to the request for the defendant to be remanded in the EFCC custody. He argued that the EFCC custody was already congested with suspects awaiting arraignment. He urged the court to remand the defendant to the correctional facility since he had taken his plea.
Justice Owoeye adjourned the matter till February 28 for bail hearing and April 14 for trial.
He also ordered that the defendant be remanded in the Ikoyi correctional facility.