FT: Dangote Seeking Bank Funding to Boost Crude Supplies to Refinery Minimum supply of 300,000 bpd costs $2bn in 3 months, says report UK, US experts project refinery to hit full capacity in Q2, raise competition in Europe
Emmanuel Addeh in Abuja
Africa’s richest person and Nigerian
business tycoon, Aliko Dangote, is seeking to raise billions of dollars to step up production at his $20 billion
oil refinery on the outskirts of Lagos, the Financial Times, reported yesterday. The industrialist is in talks with
commercial lenders, development banks, oil traders and other industry participants to raise funds for crude
supplies to turn into refined products, people familiar with the matter told FT. The Africa Finance Corporation
(AFC), a pan-African development Continued on page 5
WTO Urges Nigeria to Review Customs Procedures at Ports, Knocks High Rate of Physical Inspection...
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To Reinforce Ties, Nigeria, India Seek More Pacts on Security, Economy, Defence, Others... Page 33
INEC Declares APC’s Aiyedatiwa Winner of Ondo Poll, Party Clears All 18 LGAs Tinubu, Buhari, Ganduje, Barau, APC, others greet winner How Sanwo-Olu’s leadership paved way for victory
Our Correspondents
The Independent National Electoral Commission (INEC) yesterday declared
the candidate of All Progressives Congress (APC) and incumbent governor of Ondo State, Lucky Aiyedatiwa, winner of Saturday's
governorship election in the state. Vice Chancellor of the Federal University of Lokoja, and Returning Officer for the poll, Professor Olayemi
Akinwunmi, announced the results at 2:30pm at the INEC headquarters, in Akure. Aiyedatiwa won in all the 18 local
Bola Tinubu and his predecessor, governments in the state. Congratulatory messages started Muhammadu Buhari, leading the park. coming in for the winner soon after his Continued on page 5 declaration by INEC, with President
Election Integrity: Obasanjo Calls for New Credible INEC Leadership Says INEC wilfully failed to implement technologies touted by the INEC chairman himself in 2023 elections Describes current state of play as state capture Knocks judiciary, declares justice now for highest bidder Decries fall of Nigeria’s GDP from $510bn to $199bn under Tinubu Emmanuel Addeh in Abuja
Former President Olusegun Obasanjo, weekend, charged the Nigerian people to as a matter of urgency, ensure the appointment of new and credible leadership of the Independent National Electoral commission (INEC) at all levels for electoral integrity. According to him, the people must make sure that the INEC
chairperson and his or her staff were thoroughly vetted, adding that the vetting exercise should yield dispassionate, non-partisan, actors with impeccable reputations. In his keynote address at the Chinua Achebe Leadership Forum, Yale University, New Haven Connecticut, USA, Obasanjo who spoke on the theme: “Leadership Continued on page 5
TINUBU CONFERS GCON ON PRIME MINISTER MODI...
President Bola Ahmed Tinubu (R), conferred India’s Prime Minister, Narendra Modi with the second highest National honour of Grand Commander of the Order of Niger (GCON), during his state visit to the Presidential Villa, Abuja…yesterday GODWIN OMOIGUI