$2B a day to ‘reopen’ the Strait of Hormuz except it was never closed before illegal war. That’s not policy, that’s burning people hard earned tax money to justify a war. Global crisis manufactured out of thin air and ordinary people pay the price while bloodthirsty leaders sell chaos as strategy.
This is a game-changer for Nigeria and Africa. The Dangote refinery is moving the needle significantly, replacing imports with local production. This is what we need to make Nigeria a destination for hydrocarbons and their derivatives.
The Iran war is less about direct military outcomes and more about its massive economic ripple effects worldwide. The biggest takeaway is that it has transformed into a global energy and supply shock, with long-term consequences for inflation, trade, and geopolitical stability.
To reach a trillion-dollar economy, Nigeria should move from crude exports to becoming a hub for refined products and gas-based industry. Petroleum is the primary "enabler" for other sectors—power, manufacturing, and transport, and is vital for hitting the $1 trillion Mark.
Grateful for the opportunity to serve as a member of the Presidential Petroleum Reform and Value Optimisation Taskforce, approved by His Excellency, Bola Ahmed Tinubu GCFR and chaired by Mr Fola Adeola, co-founder of Guarantee Trust Bank and Chairman of FATE Foundation.
U.S.–Iran W@r: Rising Oil Prices May Force Nigerians to Work from Home — Dangote
Aliko Dangote, chairman and CEO of Dangote Group, has warned that the ongoing Middle East crisis could force Nigerians to adopt COVID-era work-from-home measures if the conflict doesn’t ease.
Speaking after meeting President Bola Tinubu in Lagos, he expressed concern over the impact of oil price volatility on Africa’s already debt-laden economies.
“If this thing doesn’t de-escalate, you know, normally we in Africa, we don’t have any reserves in terms of savings. And so, people normally go out and look for money for the next day or for the same day. Some of them, if they don’t work that day, they won’t eat,” Dangote said.
He cited Indonesia, where workers are limited to four days a week or may be asked to work from home. “In some countries today, what they’ve done is ask everybody to work from home because they cannot afford it. I think Indonesia also says only go to work four days a week. And they will look at the situation. If it doesn’t improve, they will ask everybody not to go to work anymore. We will do like that time of COVID, where people will now go and work from home,” he explained.
Dangote warned the crisis would hit small business owners hardest: “People who are now doing barbers, people who are doing bread, people who have industries who have to pay their own generator, you know, I mean, you can see what is happening.”
He also urged prayers and international intervention: “We just need all hands on deck to pray that this thing comes to an end.”
King Charles III to President Tinubu at State Banquet:
My wife and I are delighted to welcome you to Windsor Castle, and we are most grateful to you for traveling during this Holy Month, which I acknowledge is no small sacrifice. It is my pleasure to wish you, Mr. President, peace, blessings, and joy. Ramadan Mubarak.
The Executive Order 09 from a constitutional and governance perspective, the Executive Order reinforces
the primacy of the Federation Account as the central repository for national
revenues, consistent with established public finance principles.
The importance of Executive Order 09 Signed February 13, 2026, by President Bola Tinubu, mandates the direct remittance of oil and gas revenues—including royalties, taxes, and profit oil—into the Federation Account. It removes the 30% management fee and 30% Frontier Exploration.
PRESIDENT TINUBU ESTABLISHES TASK FORCE ON PRESIDENTIAL PETROLEUM REFORM & VALUE OPTIMISATION
President Bola Ahmed Tinubu, GCFR, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria's petroleum sector.
Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, is the Task Force's chairman. As chairman, he will coordinate the group's work and ensure the timely delivery of its mandate.
Other members of the Taskforce are: Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.
Mofoluwasho Fadayomi will serve as secretary.
As constituted, the Taskforce is a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria's position as a leading global energy investment destination.
The initiative reflects the President's commitment to transforming Nigeria's petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development.
It will operate as a technical reform body rather than a representative committee, engaging industry operators, regulators, investors, and civil society as consultees while focusing on actionable policy design and implementation strategies.
The Taskforce will report directly to the President and provide monthly progress memoranda. An interim report will be submitted after three months, while the final outputs are expected within six months of inauguration.
President Tinubu expects the Task Force to deliver three major reform blueprints.
One of the deliverables is the Implementation Toolkit for Immediate Structural Fixes – including draft legislative amendments, executive instruments, and institutional restructuring proposals.
The second deliverable is the Capital & Liquidity Acceleration Blueprint, aimed at unlocking $5–10 billion in sectoral liquidity while safeguarding Nigeria's sovereign interests.
The third blueprint will focus on the National Energy Transformation Strategy – a ten-year roadmap with measurable targets for production, foreign exchange earnings, GDP contribution, and cost competitiveness.
President Tinubu has directed all Ministries, Departments, Agencies, regulators, and relevant institutions to provide full technical support to the Taskforce and to submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.
In furtherance of this directive, President Tinubu has also directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new Task Force.
The streamlining will ensure coordination, avoid duplication of mandates, and provide institutional clarity, thereby ensuring coherence in the petroleum sector reform architecture.
The President has also directed that all relevant documentation, institutional knowledge, and ongoing workstreams should be made available to the Taskforce to support the development and implementation of its comprehensive reform framework.
The creation of the Taskforce represents a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets, and position Nigeria's petroleum resources as a foundation for sustainable economic transformation.
The Taskforce will automatically dissolve upon submission and acceptance of its final report.
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
March 13, 2026
Happy International Women’s Day! You have a choice: support the woman next to you or compete with her. But if you choose to compete, you'll only end up miserable. #GiveToGain
Only 27% of Americans support the war policy. A Reuters/Ipsos poll found roughly one in four Americans (around 25-27%) approved of the U.S. strikes on Iran, with disapproval at 43% and the rest unsure or neutral. Multiple sources, including CNN.