BREAKING🚨: Governor @DapoAbiodunCON has signed a $7billion MoU with global port giant DP World MEA FZE for the development of the Gateway Deep Sea Port and the 10,000 hectare Ogun State Blue Marine Special Economic Zone. 🌊🚢
The signing was witnessed by President Bola Ahmed Tinubu GCFR @officialABAT in Paris, France.
About the Gateway Deep Sea Port & Blue Marine SEZ:
— Over $7 billion in initial investment is expected to come into the project.
— DP World MEA FZE, one of the world's biggest port and logistics operators and the No. 1 port operator globally by revenue in 2025, is the strategic partner for the project.
— The Gateway Deep Sea Port will be located in Ogun Waterside, along the Ogun State stretch of the Lagos—Calabar Coastal Highway.
— The Ogun section of the coastal highway provides 28km of strategic access to the port, connecting it to the hinterland, reducing logistics costs and helping decongest Lagos.
— The port is projected to have an 18 metre draft and a 4km berth, making it capable of handling some of the largest vessels in the world.
— Upon completion, it is projected to be among the deepest and longest ports in Africa.
— The port will be integrated with a 10,000 hectare Blue Marine Special Economic Zone, creating an ecosystem for manufacturing, logistics, maritime services, technology and exports.
— The project is expected to create over 50,000 direct jobs, with many more indirect jobs, while stimulating SMEs and expanding supply chains.
— It will strengthen Nigeria's export capacity, attract foreign direct investment and create opportunities across manufacturing, logistics, maritime services and other sectors.
— The project will form part of Ogun's emerging multimodal infrastructure network, connecting the Deep Sea Port to the Gateway International Airport, dry ports, the Lagos Calabar Coastal Highway and other road infrastructure.
For Ogun East, Ogun State and the wider National Economy, this creates a new maritime and industrial corridor around Ogun Waterside.
This is a major infrastructure project with implications far beyond the port itself.
Vision + Infrastructure + Investment = Economic Growth. 🌊🚢
This is LEGACY.
The Chinese, as of today:
1. Opening spare-parts plants & markets in Lagos and Kano.
2. Opening retail shops across Nigeria's 6 zones.
And the BIG ONE:
3. Entering the power sector to compete with Dangote.
In all this, consumers win. Congratulations, Nigerians!
PRESIDENT TINUBU HAILS $800M IMA GAS FID AS NIGERIA UNLOCKS FIVE-DECADE-OLD GAS RESOURCE
President Bola Ahmed Tinubu welcomes the $800 million Final Investment Decision (FID) on the Ima Gas Project, marking another major milestone in his administration’s drive to unlock Nigeria’s vast gas resources for investment, industrialisation, job creation and economic prosperity.
Developed by Nigerian independent AMNI International in partnership with TotalEnergies, the Ima Gas Project is expected to produce about 300 million standard cubic feet of gas per day at peak.
The Ima gas resource, located offshore in OMLs 112 and 117, was discovered in 1973 but remained undeveloped for more than five decades. Despite its significant reserves and potential as a source of feedgas for Nigeria LNG Limited, the resource remained underground and unable to contribute meaningfully to Nigeria’s economy. The FID, announced on September 23, has changed this.
The Ima gas project marks the fourth major gas project to reach Final Investment Decision since President Tinubu assumed office, following the Iseni, Ubeta, and HI FIDs.
These FIDs reflect the growing momentum of investment in Nigeria’s gas sector and the administration’s drive to convert the country’s vast gas resources into productive projects that create jobs, generate revenues and expand economic opportunity for Nigerians
President Tinubu said: “For more than fifty years, the gas beneath Ima remained a resource with enormous potential, but potential alone does not create jobs, finance businesses or improve the lives of our people. Our responsibility has been to create the conditions that turn Nigeria’s natural resources into productive investments and economic opportunities”
“The Final Investment Decision on Ima demonstrates what is possible when we provide investors with a competitive, predictable and enabling environment. We are determined to unlock more of Nigeria’s gas resources to power our industries, expand our exports, create jobs and build lasting prosperity for our people.”
Since assuming office, President Tinubu has prioritised reforms to reverse years of underinvestment in Nigeria’s oil and gas industry.
Although the Petroleum Industry Act of 2021 laid an important foundation, several undeveloped projects lacked the fiscal and commercial conditions needed to become viable.
In 2024, President Tinubu issued a series of Presidential Directives developed by the team led by the Special Adviser to the President on Energy. These directives sought to improve fiscal competitiveness, shorten contracting timelines and reduce costs.
Special Adviser to the President on Energy, Ms Olu Arowolo Verheijen, said, “The story of Ima is ultimately the story of what our reforms are designed to achieve. Nigeria has never lacked resources. The challenge has been creating the commercial and investment conditions required to move those resources from beneath the ground into projects that employ Nigerians, create opportunities for Nigerian businesses, generate revenues and support economic growth.”
“A gas discovery made in 1973 can only contribute to prosperity when somebody invests the capital to develop it, banks finance it, contractors build it, Nigerians work on it, and the gas is ultimately put to productive use. That is the transition we are seeing today.”
The project also demonstrates the growing depth of Nigerian participation across the energy value chain. AMNI International, a Nigerian-owned exploration and production company, holds a majority interest in the asset, illustrating the increasing capacity of indigenous companies to participate in and lead increasingly significant developments in Nigeria’s upstream sector.
Nigerian financial institutions have arranged 77 per cent of the project’s financing, with around 60 per cent of the project workforce expected to come from host communities, including Bonny, Finima and Andoni in Rivers State.
HAPPENING NOW!!!
"There is no greater validity or demonstration that the best way to empower someone is to make that person self reliant and teach that person how to fish so that progressively he/she can take care of the family. I believe that no aid is a positive. We have demonstrated this."
- Our Founder @TonyOElumelu at the Council on Foreign Relations @ UNGA81
Join our Founder, Tony O. Elumelu CFR (@tonyelumelu), for an engaging fireside chat moderated by Michael Froman, President of the Council on Foreign Relations on the sidelines of #UNGA81 in New York. 🇺🇸
#TEFImpact
#EmpoweredByTEF
#TEF2026
#TEFAtUNGA
We call for urgent reform of the international financial architecture so that debt does not come at the expense of children and their future.
Debt becomes a children’s rights issue when interest payments crowd out investment in classrooms, healthcare, nutrition and social protection. Fiscal responsibility must protect these foundations of future prosperity.
Kenya is pursuing responsible fiscal management and stronger domestic resource mobilisation while continuing to invest in our people. But national action must be matched by a global financing system that expands affordable and concessional finance, deploys guarantees and risk-sharing instruments to mobilise capital, resolves unsustainable debt faster and reduces dependence on debt.
Addressed the UNICEF-convened High-Level Dialogue on Debt, Development and the Next Generation on the sidelines of the United Nations General Assembly in New York.
Two years ago, world leaders adopted the Pact for the Future, a global commitment to deliver a more inclusive and sustainable future. Africa helped shape that agreement. Now, its promises must translate into results.
For Africa, the test is clear: opportunities for our young people and a fairer system for financing our development. High debt costs are squeezing national budgets and limiting investment in jobs, education, health and infrastructure.
We need reforms that lower Africa’s cost of capital, expand guarantees and risk-sharing instruments to unlock investment, and enable countries to mobilise more of their own resources. Money Africa can rightfully tax is money Africa need not borrow.
Addressed the High-Level Reflection on the Pact for the Future, convened by Namibia, Zambia, the African Union and the Economic Commission for Africa in New York.
The world does not lack climate pledges, it lacks delivery. As climate impacts intensify, Africa must turn climate action into investment, jobs, stronger economies and greater resilience.
The greatest constraint remains finance. We need commitments on adaptation to be honoured, alongside affordable capital, guarantees and risk-sharing instruments that can unlock investment in renewable energy, green industry and climate-resilient infrastructure.
Africa’s position is that climate action is not simply a cost. It is an opportunity for climate-positive growth that strengthens our economies while protecting our people and environment.
Chaired the meeting of the Committee of African Heads of State and Government on Climate Change in New York as we forge Africa’s common position for COP31 in Antalya, Türkiye, and build towards an African COP32 in Addis Ababa.
Africa still has no permanent seat on the Security Council.
A 21st century Security Council without permanent African representation is unjust & indefensible.
We must reform the Council so that it reflects today’s world with the legitimacy and effectiveness that today’s challenges demand.
Shame on the United Nations General Assembly. IIIX
This week at #UNGA81, the UN gave a global platform to Vice President Deogratius Ndejembi. By rolling out the red carpet for an administration that treats political reform as a crime, the UN has turned a blind eye to severe human rights violations happening right now on Tanzanian soil.
Let's look at the facts the UN chose to ignore before handing over that microphone:
1. The Enforced Disappearance of a Vice President:
Just weeks ago, Dr. Emmanuel Nchimbi called for constitutional reforms and an open dialogue. He was abruptly forced to resign, expelled from the ruling party, and has completely vanished from public view.
Even former national leaders cannot reach him.
2. The War on Our Youth: Under this same regime, independent watchdogs and UN experts have warned of an escalating crisis of abductions. Dozens of young activists and student leaders are missing, and over 100 youth are imprisoned on severe, unbailable "terrorism" charges-simply for organising peaceful reform rallies.
By accepting Ndejembi's credentials without questioning the fate of his predecessor, the UN is validating the silencing of an entire nation. Human rights cannot just be a text written on a UN wall; they must apply to the people of Tanzania.
We demand accountability from our leaders, and we demand answers from UN
🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿🇹🇿These are some piles of bodies which Samia Suluhu massacred and the UN pretending to speak about peace ???
At the UN General Assembly Opening this morning taking in speeches by @UN SG @antonioguterres, the President of the General Assembly H.E. Khalilur Rahman @UN_PGA, and the leaders of Brazil and the United States, and catching up with various colleagues and Ministers. With President of @WorldBankGroup Ajay Banga, @RaniaAlMashat UN USG and Executive Secretary @UNESCWA, H.E. @EspenBarthEide MFA of Norway, H.E. Battsetseg Batmunkh @BattsetsegBatm2 MFA of Mongolia, and H.E. @shisir Khanal MFA of Nepal.
🇺🇸🇩🇰🇬🇱 After months of threats, tariffs and arguments over who gets to control Greenland, the compromise is finally on paper.
The U.S., Denmark and Greenland have signed a deal expanding America’s military presence on the island while preserving Danish sovereignty and Greenland’s right to self-determination. Non-NATO adversaries are barred from establishing a military foothold there. NATO has welcomed the agreement as strengthening Arctic and North Atlantic security.
Trump wanted Greenland.
Denmark wanted to keep Greenland.
Greenland wanted to remain Greenland.
The solution was remarkably old-fashioned: nobody moved the border, but America gets a lot more room behind it.
Writer: Oliver
1. Invested from my long-term portfolio in the Dangote IPO.
2. Used @investbamboo; it was just three clicks: funded my bank Naira account, clicked the IPO icon, calculated the shares, and I arrived at the displayed page.
3. I can even top up, which is amazing.
4. The first time I bought shares in my life was during an offer for the sale of Standard Bank (First Bank). Back then, I filled out a paper form with cash, applied, waited, received a paper certificate, and then had to transfer that certificate if I wanted to sell; there was no CSCS back then. We have come a long way. Nigerian financial ecosystem, great job.
5. Let me briefly address the IPO: I am using cash from a fund that I am not expecting a ROI for at least a decade. I am not buying this to sell; I am investing in an energy and by-product company that will power Africa, not just Nigeria. Risk? Yes, but I am not borrowing; my real risk is the opportunity cost of not buying a secure FGN bond and earning 18%. I am paying for an expensive stock based on today”s earnings, looking at potential future revenues from expansion and diversification to justify it. This is a bet on Nigeria and Africa, if you look at it that way, it's a discount, my opinion.
This is not an investment recommendation to buy or sell. I am not your adviser, If you don't have patient capital or are unwilling to accept a fluctuation in price for years, don't buy equities; buy fixed income
"I bought shares worth N20,000 in Fidelity Bank 18 years ago and never checked how much I had made. But after hearing about Dangote selling shares, I decided to finally check my investment in September 2026.
To my surprise, I was told the shares had only given me a total of N5,332 after 18 years.
~ Man cries out and regrets not using the money to buy land instead 😂
🇪🇺 Europe is running short of jet fuel, and it’s now pulling supplies from as far away as South Korea to fill the gap.
The Iran war wiped out roughly half of Europe’s usual jet fuel imports from the Middle East, forcing the continent to lean harder on suppliers in Asia, North America and Africa.
South Korean shipments to Europe are now running at around 129,000 barrels a day, the highest in nearly 4 years.
Even with that extra supply, Energy Aspects expects Europe to face a fourth-quarter jet fuel deficit of around 510,000 barrels a day.
Inventories at the Amsterdam-Rotterdam-Antwerp hub have already fallen to their lowest level in 7 years.
And this comes just as European diesel, another middle distillate, hits record highs.
Europe isn’t running out of crude. It’s running short of the fuels it actually needs, and winter is coming.
Source: Reuters / Writer: Julie
Miners’ Deaths: Some of the people in the [NSCDC] cell who are still in the mortuary were not actually miners. They were detained there prior to the arrest of these miners that were added to them, says Niger State Governor Umar Bago.
#SundayPolitics
@rommy_idgaff Here we go again , have you invested any structure here in 234 ? No , have you employed 234 citizens at scale ? No .but your thinking alone will drive investors away ..stop this attitude ,what has your govt done towards oil refinery ever since ?