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NAMA commences calibration of landing equipment at Ekiti Airport

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… EKSG says airport set for commercial operations

The Nigeria Airspace Management Agency (NAMA) on Friday commenced the calibration of landing system at the Ekiti Agro-Allied International Cargo Airport in readiness for commencement of commercial flights operation.

This is coming barely a month after the Nigeria Civil Aviation Authority (NCAA), granted approval for non – scheduled flight operations at the airport for a period of six months.

The calibration aircraft that conveyed he NAMA officials touched down on the runway of the airport at exactly 4.13pm.

The exercise commenced immediately. Calibration, in the air system industry is a process that allows safety of air navigation by conducting regular flight inspection, calibration of test equipment systems, and surveillance of airspace system.

It is also part of the final stages of ensuring the facility meets global aviation standards for safe and efficient operations.

On hand at the airport to receive the NAMA team were the Technical Adviser to the Governor on Airport Project, AVM Sunday Makinde (rtd); Commissioners for Information, Rt. Hon. Taiwo Olatunbosun; Environment, Chief (Mrs) Tosin Aluko- Ajisafe; Transport, Hon Kolawole Akobiewe; Special Adviser to the Governor on Media and Strategy, Mr Yinka Oyebode; among others.

Briefing Journalists at the airport, AVM Makinde (Rtd) said, the landing of the calibrator aircraft as well as the calibration exercise by NAMA officials was a major step in the final approval for commercial operations at the airport.

According to him, the exercise was to assess and fine-tune the navigational aids equipment installed at the airport which include, instrument landing systems, communication radios, and other essential equipment required for safe and efficient operations.

Expressing his delight at the progress of the airport, AVM Makinde explained that the airport is fully ready for commercial operation, adding that it can accommodate any type of aircraft.

“What’s happening here today is actually a working flight operation, this plane is a calibration plane from NAMA.

Basically what they came for is just to ensure that our systems, especially our navigations, are able to pick any frequency of any aircraft coming to Ekiti and also check out communication systems.

The Ekiti Agro Cargo international airport is fully ready.” He assured.In his own remarks, the Commissioner for Information, Chief Taiwo Olatubosun, explained that with series of inspections by relevant regulatory aviation agencies, and certifications, the Airport is ready for smooth take off.

Describing the development as a dream come true, Olatubosun said the airport would open new doors for investment, tourism, and economic growth in the state as well as facilitate business, attract investors, and make life easier for the people.

While assuring that the development would boost the socio economic and industrial development of the state, the Commissioner said the completion of the airport is a testament to Governor Oyebanji ‘s commitment to the transformation of the state’s economy and establish it as a hub for both local and international connectivity.

The NAMA team is billed to depart the airport on Saturday.

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PENGASSAN – Dangote Rift: A needless attack on private enterprise

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The Director-General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has described the rift between Dangote Refinery and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) as unfortunate, and a needless attack on private enterprise.

He noted that the strike had far-reaching implications on residents and businesses, as factories suffered cuts in production schedules, with a hike in transportation fare.

Fielding questions from reporters at MAN House, yesterday, while announcing the association’s coming Annual General Meeting (AGM), he revealed that imported products, which were not suffering disruption, were likely to fill the gap and if the rift rears its head again, it would affect daily workers and people in the logistics value chain that rely on the products made in those factories.

Meanwhile, PENGASSAN has said it decided to suspend its two-day strike to protect the jobs of its members in Dangote Refinery.The President, Festus Osifo, explained that the union was unsatisfied with the posting of about 800 sacked staff to Dangote’s subsidiaries to prevent job loss.

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FG Spends $2.86bn on External Debts Servicing – CBN

By August 2025, debt service climbed to $302.3m, which was $22.35m or 8 per cent higher than the $279.95m of August 2024.

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The Federal Government spent a total of $2.86 billion to service external debt in the first eight months of 2025.

This was disclosed in the international payment data from the Central Bank of Nigeria.

The figure shows that external debts accounted for 69.1 percent of the country’s total foreign payments of $4.14 billion in the period.

In the same eight-month stretch of 2024, debt service stood at $3.06 billion, representing 70.7 percent of total foreign payments of $4.33 billion.

The figures show that while the absolute value of debt service fell by $198m between 2024 and 2025.

The share of debt in overall foreign payments has remained persistently high, with about seven out of every ten dollars leaving the country used to meet debt obligations.

The monthly breakdown highlights the volatility of Nigeria’s repayment schedule:

In January 2025, $540.67m was spent compared with $560.52m in January 2024, a fall of $19.85m or 3.5 per cent.

February 2025 recorded $276.73m, slightly below the $283.22m in February 2024, down by $6.49m or 2.3 per cent.March 2025 surged to $632.36m against $276.17m in March 2024, an increase of $356.19m or 129 per cent.

In April 2025, payments reached $557.79m, which was $342.59m or 159 per cent higher than the $215.20m of April 2024.

May 2025 stood at $230.92m, sharply lower than the $854.37m in May 2024, a drop of $623.45m or 73 per cent.

June 2025 rose to $143.39m compared with $50.82m in June 2024, a rise of $92.57m or 182 per cent.

July 2025 fell to $179.95m, down by $362.55m or 66.8 per cent from $542.5m in July 2024.

By August 2025, debt service climbed to $302.3m, which was $22.35m or 8 per cent higher than the $279.95m of August 2024.

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ECOWAS Bank okays $308.63m for Nigeria, Guinea

The bank gave the approval during its 93rd Ordinary Session convened at the it’s headquarters in Lomé, the Togolese capital.

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ECOWAS Bank for Investment and Development (EBID), has approved $308.631 million for the implementation of various projects in Taraba State, Nigeria, and a $40 million credit line for Vista Bank, Guinea, to bolster trade-related activities, including import-export operations and commercial value chains.

The bank gave the approval during its 93rd Ordinary Session convened at the it’s headquarters in Lomé, the Togolese capital.

President and Chairman of Board of Directors of the bank, Dr. George Agyekum Donkor, said the newly approved financing would advance strategic public and private sector initiatives, aligned with EBID’s mandate to promote sustainable development throughout the Economic Community of West African States by strengthening regional integration and fostering economic diversification.

The approved facilities include the $98.18 for a 50 MW Solar Photovoltaic Power Plant in Taraba State, Nigeria, , which will augment the supply of reliable, clean electricity to spur inclusive economic development, alleviate energy poverty, and improve environmental sustainability.

Anticipated benefits include direct electricity access for roughly 390,000 individuals, enhanced power reliability for at least 200 public institutions, the creation of 400 direct jobs during construction, and approximately 50 permanent operational roles.

The bank noted that an estimated 1,200–1,500 indirect jobs were expected to emerge across supply chains, maintenance services,and small businesses.

Another facility is the $79.219 million modern rice processing complex and 10,000-hectare irrigated rice production unit also in Taraba State.

Also included is the $91.232 million facility for Taraba State Industrial Park, an initiative conceived to accelerate local industrialisation and economic diversification through the establishment of a modern, integrated industrial ecosystem.

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