News
President okays panel on green economic drive
President Bola Ahmed Tinubu has approved the establishment of a Presidential Committee on Climate Action and Green Economic Solutions, aimed at overseeing Nigeria’s Green Economic Initiative. The committee will coordinate all policies and programs related to climate action and green economic development, ensuring a whole-of-government approach and efficient governance.
Ajuri Ngelale, Tinubu’s Special Adviser on Media and Publicity, has been appointed as the Special Envoy on Climate Action. Additionally, the Infrastructure Corporation of Nigeria (InfraCorp) has been designated as the Lead Arranger and Developer of Evergreen City, Nigeria’s first green industrial zone.
According to Segun Imohiosen, Director of Information and Public Relations in the Office of the Secretary to the Government of the Federation (SGF), the committee’s creation is intended to remove coordination constraints and align all relevant institutions with the President’s vision for climate action under the Renewed Hope Agenda.
The committee will be chaired by President Tinubu with Balarabe Lawal, the Minister of Environment, serving as vice-chairman. Other notable members include:
- Ajuri Ngelale (Special Envoy on Climate Action)
- Lazarus Angbazo (CEO, InfraCorp)
- Salisu Dahiru (CEO, National Council for Climate Change)
- Michael Ohiani (CEO, Infrastructure Concession Regulatory Commission)
- Aisha Rimi (CEO, Nigerian Investment Promotion Council)
- Aminu Umar-Sadiq (CEO, Nigeria Sovereign Investment Authority)
- Yusuf Maina-Bukar (CEO, National Agency for the Great Green Wall)
- Abdullahi Mustapha (CEO, Energy Commission of Nigeria)
- Abba Aliyu (CEO, Rural Electrification Agency)
- Uzoma Nwagba (CEO, CrediCorp)
- Khalil Halilu (CEO, National Agency for Science and Engineering Infrastructure)
- among others…..
News
NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.
The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.
During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.
Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.
“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.
He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.
Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.
“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.
Watch video below:
News
Sanusi: Critics Are Not Enemies Of The Govt
” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.
The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.
Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.
“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
News
Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.
Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.
Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.
“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.
In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.
-
Business2 days agoNaira Exchange Rates Wednesday, 4 Nov 2026
-
Business2 days agoNNPCL wants to sell 10% equity via IPO on NGX, LSE
-
Business3 days agoMTN migrates MoMo Customers to Alipay+ platform
-
Business3 days agoNaira Exchange Rates 3 November,2026
-
Politics1 day ago2027 Elections Campaign: NDC Reacts To Today’s Attack On Peter Obi in Cross River
-
News2 days agoSanusi: Critics Are Not Enemies Of The Govt
-
Business16 hours agoNaira Exchange Rates Thursday, 5 Nov 2026
-
International1 day agoDemocrats Win US midterm elections
