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Nigeria's next rated and Abuja-based entertainer, MC and comedian, Mr Odey Jacobs , popularly known as Mr. Odey D Uncommon Comedian has revealed his he discovered his talent after he was unemployed for year, a situation that exposed him to hunger and poverty. 

Speaking with AbujaPress, the renowned Nigerian Stand-up comedian, and Master of Ceremonies who is rated as one of the most influential comedians in Abuja said he cut his first teeth in the industry at Mount Zion parish of RCCG in Mpape, at the teenage unit where he used to entertain the kids. 

Mr. Odey D Uncommon Comedian who schooled at Newton College in Mpape and later Model Secondary School, Maitama said he started moving from one corner of the city to another, especially at talent hunts, seeking for opportunity to perform. 

He was opportuned to perform at National Comedy Challenge, Charley Boy's Raw Talent challenge and several others. 

After his secondary school, he organised his first comedy show tagged, "Mpape Must Laugh" on February 12th, 2011 which had in attendance many influential comedians, including Youngest Old Man, Amb. Wahala, MC Sam, MC Godpikin, Walebaba and others. 

It took place at the only resort then in Mpape at back of Crush Rock. 

He anchored several events thereafter, searching for better opportunities and later got a radio platform and worked with Wale Baba as a freelance reporter at Love FM and later Tori-wowor with Amb. Wahala. 

He also worked as a freelancer with ITV where he anchored his show called "Area With Mr. Odey". 

His talent has taken him to several big stages, including Laughter on the Loose" organised by Omar Omar, Youngest Old Man comedy show and others. 

At Most Beautiful Girl in Abuja beauty pageant show, he also put up an excellent performance at Transcorp Hilton hotel where the big event took place. 

In 2019, he performed at Night of Thousands Laugh organised by Yanki tech. 

He has hosted many shows in Abuja, including the popular Love & Laughter which took place at Sheraton hotel Abuja (now Abuja Continental hotel) in 2021, having the likes of Gordons AY, Koboko master, Chuks D General, and very influential Nollywood stars. 

He also organized Mr. Odey Uncommonly Funny, a Jan. 1, 2022, making him the first Abuja comedian after Ali Baba to host a successful comedy show on Jan. 1

Some of his notable performances include, African Music Festival (AFRIMMA), Comedy Titans Awards, Lagos Comedy Festival, Nigeria Music Video Awards (NMVA), Yala Achievers Award, AY Live and Gordons Comedy Show. 

Others are, Calabar Carvinal, Democracy Hero Award, Christmas In The City, Peace Achiever Awards, The Big Concert, Leadership Excellence Awards, TIMI Dakolo Concert, Democracy Heroes Award and several others. 

He has set out plans to hit Abuja by the storm with his first major comedy show for 2025 taking place on 23 February. 

This is expected to have in attendance notable personalities in the industry as it is his first major show after a little break.


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In an effort to provide enduring means of livelihood to the youth population in Rivers State and by extension Niger Delta region, boost trade and economic activities, the President Bola Tinubu-led administration has partnered with Niger Delta States on trade and investment expo. 

This comes as the governor of Rivers State, His Excellency Siminalayi Fubara expresses commitment to leverage on the abundant human capital and productive population in Rivers State to ensure that youths in the state have access to means of livelihood. 

The governor gave this assurance recently in Port Harcourt during the Niger Delta Economic and Investment Summit organised by KenEva Consult Ltd and Ken-Rich Global Consult Ltd. 
 
Representated by the Deputy Governor, Prof. Ngozi Nma Ordu, the governor expressed delight that such platforms are being championed by visionary youth leaders, saying it will assist in enlarging the economic base of the state and create more entrepreneurs who will be employers of labour. 
Also speaking, the Minister of Regional Development, Abubakar Momoh who was represented by the Permanent Secretary, Dr. Shuaib Belgore CON highlighted the need to foster partnership with the states in the region order to ensure that development trickles down to the grassroot across Niger Delta. 

Also in his remarks, the Managing Director of Niger Delta Development Commission (NDDC) Chief Dr. Samuel Ogbuku applauded the initiative, noting that it is line with the vision of the Commission under his leadership to create opportunities for self-employment for young people in the region. 

He also called on multinationals to bring back their headquarters to the region, noting that their operations are safe and secured anywhere in Niger Delta. 

In his remarks, the founder NDEIS /NDIFTE, Amb Kenule Nwiya while commending President Tinubu for his interest in growth and development of Niger Delta said the Economic and investment summit and expo is strategically designed to give back to the people of the oil-rich region. 
He thanked Governors in the Niger Delta states for the right atmosphere they have continued to create in order to ensure that entrepreneurship thrives and young people empowered to make a good living. 

The keynote speaker, Dr. Richard Okoye emphasised the need to invest in the health of the people in order the have a productive population. 

He therefore urged governments across the country to devote a large chunk of their budget to health sector, appealing for collaboration among states in the Niger Delta so that the region will become a destination for medical tourism. 

The CEO of Barat Petroleum, Prince Haruna Momoh in his goodwill message said all regions and states need partnership with each other, in order to galvanize their strength for economic development. 

Notable organizations, including NG Eagle Airline, Save A Life Foundation and others took advantage of the trade expo to reach out to new markets. 

The event supported by the Ministry of Regional Development, formerly Ministry of Niger Delta had in attendance all the 23 local government areas of Rivers State led by ALGON Chairman in the state and the Mayor of Port Harcourt, Honourable Ezebunwo Ichemati. 

Youth leaders from the Niger Delta region, civil society organizations, traditional rulers and women groups were also in attendance. 
The keynote speaker, Dr. Richard Okoye who is the chairman of Save A Life foundation was also on ground to give guests free medical consultations while the foundation also offered free medical treatment. 

The Niger Delta Economic and Investment Summit is precursor to the Niger Delta International Festival and Trade Expo coning up from Dec. 16—22 at Urhobo College, Warri, Delta State.

Highlight of the event was presentation of a symbolic key of investment pathway to the region, and was received by the Deputy Governor of Rivers State who had earlier declared the event open on behalf of the governor.

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The administration of Rivers State Governor, Sir Siminalayi Fubara, commenced on May 29, 2023, after the symbolic swearing-in ceremonies at the Yakubu Gowon Stadium, Elekahia, Port Harcourt. From that day, Governor Fubara hit the ground running to provide Rivers people strong, focused, purposeful and responsible leadership, prioritising the well-being of the State and its people with a renewed push for economic growth, people-centred infrastructure projects and social services.

The Governor promised pragmatic steps to improve the ease of doing business and sustain a congenial fiscal policy to attract local and foreign direct investments to stimulate greater economic activities, partner with private sector to revive or establish viable industries to create jobs and wealth while encouraging commercial agriculture to achieve food sufficiency, security and improved living standards for residents of the State. He promised to invest in capital infrastructure projects, provide electricity supply and social housing to those in need, partner private sector to develop integrated multimodal public transportation system to advance mass mobility and access to socio-economic opportunities across the State, prioritise healthcare, education, and empower youth with relevant skills and opportunities to become economically active, productive and prosperous.

The Governor also promised to initiate policies to improve earning capacity and incomes of workers; ensure regular payment of wages, pensions, and gratuities; intensify training and promotion of civil servants; support and motivate security agencies to maintain law and order and keep communities, roads, neighbourhoods and waterways protected, safe and secure for businesses, residents, and visitors; while remaining bold and ambitious in decision-making, and resolute in defending, protecting and promoting the collective interest of Rivers State.

Indeed, Governor Fubara has shown capacity through meticulous leadership by diligently fulfilling his promises to Rivers people in all spheres of governance. For instance, in May, 2024, Rivers State Government held Economic and Investment Summit, the first of its kind in Nigeria. The summit subsequently birthed the signing of Executive Order No. 002 of 2024 empowering the establishment of Rivers State Investment Promotion Agency to give impetus to an Investment Agency that will coordinate the barrage of enquiries and business interests expressed by investors who now consider the State a destination of first choice.

Following the signing of the Executive Order, Governor Fubara established Rivers State Investment Promotion Agency to serve as one-stop-shop to handle all-related activities seamlessly for the prosperity and good governance of the State. It is not in doubt that the gains of the Economic and Investment Summit have started yielding results, given the array of investment inflows to the State of recent. Notable among them are the signing of Memorandum of Understanding (MoUs) between the Rivers State Government, INTEC and OMENE Group of Companies as well as Senendib Capital Limited. The MoU with INTEC and OMENE Group of Companies is for the development of a $300million Waste-to-Wealth project, 200megawatts power plant, smart e-mobility, 20 tons of carbon capture and storage, and other innovations with a view to converting waste to wealth, generate electricity, boost employment opportunities as well as increase the State’s revenue base.


That of Senendib Capital Limited is for the protection and preservation of mangrove forest and ecosystems within the State, and the establishment of a Blue Carbon Credit Partnership, which will aid in tree planting, biochar production with a view to bringing about transformative shift in environmental and socio-economic gains aimed at increasing the State’s Internally Generated Revenue (IGR), leveraging the State’s potentials in the Blue Economy. Indeed, there are other private sector investments in such area as agriculture, tourism, culture and arts, among others. Take the ongoing work on Songhai Integrated Farms; Port Harcourt Tourist Beach; and the move to revive Rex Lawson Cultural Centre, as some of those big initiatives.

However, in spite of these laudable achievements, enemies of the State have continued to spin negative media propaganda with the intent of demarketing the State and pitching Governor Fubara against President Bola Tinubu. Only recently, the social media space was awash with malicious reports that Governor Fubara has shut down the Nigerian National Petroleum Company (NNPC) and other oil companies’ operations in apparent retaliation for a Federal High Court judgment in respect of statutory allocations from the Federation Accounts to the State. This deliberate propaganda was published by an online platform: jeestauglahity.net, titled, “Breaking News: Rivers State Governor Sim Fubara Shuts Down NNPC and All Oil Companies in Rivers State, Declares No Allocation for Rivers State, No Oil for Nigeria”. What a hack job!

As if that was not enough, another social media report reared its ugly head, that Governor Fubara has imposed curfew on the State, as a result of the purported death of at least eight Nigerian soldiers in an imaginary gun battle between military personnel allegedly sponsored by former Governor Nyesom Wike, and the ‘forces’ of Governor Fubara, who were protecting Government House from Wike’s invaders. This time, the fake news was concocted by an online platform: https://africachinapresscentre.org, titled, “Heavy shooting, deaths reported as armed men attempt to seize power in Rivers”, authored by one Ikenna Emewu, and also credited to a mainstream newspaper “Daily Trust”. Another hack job, and deliberate attempt to distract, cause panic and chaos.

It is crystal clear that the negative media narratives are from the enemies of the State, who have been working as part of the propaganda machine of detractors of the Governor to paint the State Government in bad light, cause anarchy and destabilise the State. No doubt, these enemies of the State have been recruiting agents to use the media as tool to manipulate public opinion and perception, while also fabricating lies to create the impression that the Governor is at war with the Federal Government, and indeed, President Bola Tinubu, at a time the Governor has been working assiduously in synergy with security agencies to crush illegal oil bunkering, artisanal refining of crude oil and the scourge of pipeline vandalism, in order to help improve oil production for the nation to meet its crude sales obligations as well as continue to maintain the peace in the State.

But despite the negative media spinning and distractions from several litigations, Governor Fubara has continued to demonstrate leadership by remaining focused with his eyes on the ball, delivering good governance in line with his promises to Rivers people.

Governor Fubara has been playing the game in line with the axioms of Tony Robbins: ”the more focused you are, the more successful you will be”. He has surrendered his faith to God, focusing on delivering democratic dividends to Rivers people. Because his eyes have been focused on the ball, the Governor had completed the 10.9km Aleto-Eteo-Ebubu Road; 15.24km Emohua-Tema Junction (Kalabari) Road; 21.5km Egbeda internal roads; 23km Omoku-Egbema dualised road; 27.5km Andoni section of Unity Road; 8.168km Emoh/Iyak/Ighom/Elok and Emoh/Egbolom roads; over 3km Chokocho-Igbodo road; despite the distractions. Conservatively, more than 121.308km roads have been completed and handed over to communities for public use without noise making.

And he is doing more! Only recently, during routine inspection of projects dotted across the State, the Governor gave construction giant, Julius Berger Nigeria PLC, a marching order to complete the 9.7km Ogbakiri Town road which will connect about six communities in Emohua Local Government Area within the stipulated timeframe of eight months. The project is valued at about N15billion. Already, 30 per cent mobilization fee has been paid. Also, the 33.5km Elele-Umudioga-Egbeda-Ubimini-Ikiri-Omoku dual carriage road with a river crossing bridge linking Ikwerre-Emohua-Ogba/Egbema/Ndoni Local Government Areas is also progressing.

Two major signature projects: the 50.15km Port Harcourt Daul Carriage Ring Road that traverses six local government areas, namely Port Harcourt City, Obio/Akpor, Ikwerre, Etche, Eleme, and Okrika, is ongoing at six sections of the road; and the 12.5km Trans-Kalabari Road project, is also ongoing. Both projects had been evaded by previous administrations because of their complex and difficult terrains and huge costs. Work is now progressing on both.

Other legacy projects include the over 3km Opobo Ring Road; 12km Okehi-Eberi-Omuma road; 5km Okania-Ogbogoro road; 14.6km Eberi-Umuakali-Omodu Road linking Rivers and Abia states; 13.3km Bori internal roads; and 17.5km Egbeda/Omerelu Road. These have been completed. The Kalaibiama section of the 5.2km Kalaibiama/Epellema Road with spurs has been completed while work is ongoing on the Epellema section with bridge.

Also, the 16.5km Rumuokurusi-Igbo-Etche Road; 25.4km Ahoada/Omoku Dual Carriageway (Phase 2); 15.2km Uyakama/Obodhi/Ozochi Road; 13.52km Ngo Atlantic-Oyorokoto Road with spurs; and 6.5km Woji-Aleto-Alesa-Refinery link road with 200 meters bridge and many other road infrastructure projects are advancing, even with the distractions. Indeed, the people have high hopes because the contractors have promised to deliver on schedule. More than 257.64km roads are under construction, and almost all are funded from state revenue (IGR and FAAC allocations) without borrowing.

In his bid to decongest the City of Port Harcourt and extend municipal activities to other parts of the State, Governor Fubara, had in August, flagged off the construction of the New Port City in Eleme, Eleme Local Government Area. The New Port City, which is akin to a mega smart port city, is a joint venture between the Rivers State Government and Rainbow Heritage Group Limited geared towards realigning the State with modern developmental realities. This is in addition to the 20,000 housing units project for low-income earners, being executed by the Rivers State Government and Pricewise Home Nigeria Limited/TAF Africa Global at Mbodo, Aluu in Ikwerre Local Government Area. The project is progressing smoothly and aims at meeting the Governor’s aspiration to provide affordable homes for low-income earners under the social housing policy of the Government.

Governor Fubara is also keeping to his avowed promise to civil servants in the State. In October, he graciously approved the sum of N85,000.00 as Minimum Wage to workers under the State Government employ, and promised that implementation will take effect November, 2024. As civil servants were receiving alert for their November salaries, the new minimum wage was boldly implemented, and the whole State has been in a jubilation mood since then. In fact, the Governor was the first in the nation to pay the new minimum wage to workers, and the impact has been monumental on the lives of Rivers people.

This is as the promotion of civil servants for 2023/2024 is ongoing after the initial promotion that saw Rivers civil servants being promoted to their current grade levels after over 10 years of stagnation. Pensioners are also not left out in the scheme of things as the Governor had increased the N1billion monthly allocation to offset the backlog of pension and gratuity to retired civil servants to N2billion. The move is to clear the backlog as well as ensure effective implementation of payment of gratuities and pensions to retired civil servants. How else do you describe good governance?

Also recently, Governor Fubara donated 100 vehicles to the Rivers State Command of Nigeria Police Force, with the aim of tackling insecurity and boosting response time to emergencies. Sister agencies such as Nigerian Security and Civil Defence Corps (NSCDC), among others, including military and para-military formations have also received support from the Government. This is in fulfilment of the Governor’s promise to support and motivate security agencies to deliver on their mandate to the people of the State.

Of course, Governor Fubara is keeping to his oath never to renege on his promise to deliver only the best projects to Rivers people and provide standard social services, while utilising scarce resources judiciously for the betterment and overall interest of the people. This is because, since assumption of office, he has, through meticulous and frugal management of State resources, embarked on impactful projects aimed at fulfilling his social contract with Rivers people without the usual pomp and pageantry, and noise making as some publicity-conscious public officials do. Even the BudgIT 2024 Fiscal Performance Ranking put Rivers tops among 35 other states in transparency and accountability, a testament to the Governor’s prudence and diligent application of scarce resources in delivering good governance to Rivers people.

Amid the noise and political distractions, Governor Fubara has truly had his eyes on the ball. He has been focused. He has been committed to the Rivers First project. He believes and is working to achieve a brighter future for Rivers State.

Chukwudi is the Chief Press Secretary to the Rivers State Governor, and writes from Port Harcourt.

God bless you.

By: Nelson Chukwudi
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An early morning fire has razed the only market in Trademore Estate, Lugbe Abuja.

The fire is said to have started at about 3.30 am when Abuja Electric Distribution Company (AEDC) restored electricity.

However, the exact cause is yet to be ascertained.

Abujapress could not also report what was destroyed in the fire as at time of filing this report.

Two hours after the fire started, men of the Federal Fire Service from EFCC and Sauka Station were finally able to extinguish it.

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The Port Harcourt Refining Company has confirmed that it has reduced its operations to allow for necessary upgrades at the facility, clarifying that activities were not entirely halted.

Moyi Maidunama, the Executive Director of Operations for the Nigerian Pipeline and Storage Company Limited, shared this update during a guided tour of the refinery on Sunday. The visit was led by the company’s Managing Director, Ibrahim Onoja.

Maidunama acknowledged the temporary operational slowdown but emphasized its necessity for addressing technical challenges and improving the refinery’s capacity.

“So, the operations were not halted. It was obviously reduced due to some improvements that we needed to make,” he explained.

He also assured stakeholders that product distribution was ongoing, noting, “We are managing the process with the number of trucks available today, using a few loading arms for evacuation. This should be resolved soon.”

Worlu Joel, the Terminal Manager at the Port Harcourt Depot, confirmed that the facility was actively distributing refined products, including Premium Motor Spirit, kerosene, and diesel. However, he raised concerns about the low number of tanker drivers arriving to transport the products.

“We have surplus products available and operational loading arms, but we’ve had to beg tanker drivers to come and evacuate products,” Joel said.

According to him, over ten trucks had already been loaded, with expectations to dispatch at least 15 by the end of the day. He highlighted the depot’s efficiency, noting that it has 11 operational loading bays, three of which are currently in use.

“If you give us 100 trucks today, we can evacuate them in less than five hours,” he assured.

Managing Director Ibrahim Onoja pointed out that the refinery had undergone significant upgrades to enhance its efficiency and reliability.

“The plant is running, and we are trucking out our products,” Onoja said.

He elaborated on the improvements, stating, “We’ve carried out a massive revamp, replacing most of the equipment, including pumps, instrumentation, and cables. What we’ve done here is a significant upgrade of the facility.”

The Port Harcourt Refining Company assured stakeholders of its commitment to maintaining steady product distribution while enhancing the refinery’s overall operations through ongoing improvements.

 
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Former Nigerian President Dr. Goodluck Jonathan has expressed confidence in Rivers State Governor Sir Siminalayi Fubara, saying that the challenges he faces will prepare him to emerge as a “General” in the political arena.

Dr. Jonathan made the remarks during the First Etche Festival of Food, Art, and Culture Exhibition, held on Sunday at Nihi Community in the Etche Local Government Area.

The event also celebrated the 10th coronation anniversary of Eze Ken O. Nwala as Onye Ishi Agwuru III of Ulakwo-Umuselem and saw Dr. Jonathan honored with the title Eze Udo 1 of Etche land.

In his address, Governor Fubara, who was bestowed with the title Dike Oha 1 of Etche land by the Supreme Council of Etche Traditional Rulers, expressed gratitude for the recognition and pledged to continue improving the lives of Rivers residents through developmental projects.

“Let me wave the title Dike Oha 1 to my teeming supporters,” Fubara said. “I receive this honor on behalf of my family and the good people of Rivers State, and I assure you we will not disappoint. Recently, we awarded contracts for the reconstruction of roads in Egwi, Afara, and Mba communities, and we’ll ensure these projects are completed.”

Governor Fubara highlighted the significance of community support, urging the people to remain steadfast. “Your support is well appreciated, and in return, we will continue to uplift your lives. We won’t allow you to face any shame,” he added.

Dr. Jonathan, while addressing the gathering, encouraged the governor to remain resolute in the face of political opposition. “This is your first time in a top political office, and challenges are inevitable. But nobody becomes a General without fighting wars. These experiences will make you stronger as a leader,” Jonathan said.

The former president emphasized the importance of a peaceful Rivers State for the stability of the Niger Delta and the nation’s economy. “Rivers State is central to the Niger Delta. Any disruption here could ripple across the country. Let’s allow the governor to work in peace,” he noted.

Dr. Jonathan also commended the people of Etche for their commitment to agriculture, recognizing the area as the food basket of Rivers State. “Food from Etche supports not just Rivers State but neighboring states like Bayelsa and Imo. Your dedication to farming is commendable,” he said.

The event chair, Senator John Azuta Mbata, congratulated Eze Nwala on his decade of leadership, urging traditional rulers to uphold law and order in their domains. In response, Eze Nwala reflected on the progress made under his reign, including advancements in agriculture, education, and infrastructure.

 
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The Kaduna State Government has implemented the newly approved national minimum wage, with the least-paid worker in the state earning N72,000 in gross salary for November.

This development counters allegations by the Nigerian Labour Congress (NLC) that the state has failed to comply with the new wage standards.

Reports indicate that while many states pledged to exceed the N70,000 minimum wage benchmark, Kaduna State has gone further by offering N72,000.

Despite this, the Kaduna chapter of the NLC has confirmed its readiness to join the nationwide strike initiated by the national body. Ayuba Suleiman, the state NLC chairman, reiterated the union’s stance, stating on Saturday, “Yes, we are set for the strike.”

In response, Ibraheem Musa, Chief Press Secretary to Governor Uba Sani, described the NLC’s claims as “a misrepresentation,” maintaining that the state has fully adhered to the National Minimum Wage Law.

“His Excellency, the Executive Governor of Kaduna State, Senator Uba Sani, has complied with the spirit and letter of the National Minimum Wage Law, by paying the lowest-paid civil servant N72,000 last month,” Musa stated.

He further explained that while the NLC has been advocating for consequential salary adjustments, the government argued that this demand is distinct from implementing the minimum wage. Musa outlined the state’s financial position, revealing that Kaduna generates a combined monthly revenue of N12 billion—N8 billion from the Federal Account Allocation Committee and N4 billion internally.

However, the state’s wage bill has surged from N5.4 billion to N6.3 billion following the minimum wage implementation, leaving only N2 billion for essential services after accounting for a N4 billion monthly loan repayment.

“It is unfair for the Kaduna State Government to allocate almost all its revenue to consequential adjustments after meeting the mandatory minimum wage. There are over 10 million residents entitled to benefit from the state’s revenue, not just the 84,827 civil servants who make up about 1% of the population,” Musa argued.

He urged the NLC to be patient regarding the adjustments, emphasizing the government’s commitment to labor-friendly policies.

“Governor Uba Sani is Labour-friendly. He has demonstrated this by providing buses for civil servants to commute to work free of charge, as part of the palliatives to cushion the prevailing economic challenges,” he added.

 
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Elon Musk Leads the Pack

Elon Musk has solidified his position as the richest person in the world, seeing his wealth surge by $66 billion in November alone, driven by a rise in Tesla’s stock and the valuation of his AI startup, xAI. Musk’s fortune, now standing at $330 billion, represents a significant milestone, surpassing $300 billion for the first time in two years. On November 22, his net worth peaked at $334 billion before settling slightly lower by December 1.

Tesla’s stock soared after Donald Trump’s victory in the U.S. presidential election on November 6, as investors anticipated stronger ties between Musk and the incoming administration. Musk’s fortune has expanded by 25% over the month, extending the gap between him and the second-richest person to over $100 billion.

Larry Ellison’s Rise

Oracle co-founder Larry Ellison saw his fortune grow by $22 billion in November, making him the second-biggest gainer among the top ten. With a net worth of $227 billion, Ellison remains second on the list, just ahead of Amazon’s Jeff Bezos. Oracle shares have been a key factor in Ellison’s wealth increase.

Jeff Bezos in Third Place

Amazon founder Jeff Bezos, now worth $223 billion, experienced a $19 billion increase in November following an 11% rise in Amazon’s stock price. Despite controversies surrounding his ownership of The Washington Post, Bezos continues to maintain his position among the wealthiest individuals globally.

Overall Growth in Wealth

The world’s top 10 richest individuals’ combined wealth reached $1.81 trillion as of December 1, up by $106 billion from the previous month. This increase aligns with broader stock market gains following Trump’s election victory, with the S&P 500 and Nasdaq indices rising by 3.6% and 3.5%, respectively.

Other Key Figures

Mark Zuckerberg (No. 4) added $2.4 billion to his wealth, now totaling $199 billion, thanks to slight gains in Meta’s shares.

Bernard Arnault (No. 5), chairman of LVMH, saw his fortune decline by $9 billion, dropping to $160 billion. This follows weaker demand in China, which has impacted luxury goods sales.

Warren Buffett (No. 6) gained $8.6 billion in November, raising his net worth to $151 billion. The “Oracle of Omaha” climbed one spot in the rankings.

Larry Page (No. 7) and Sergey Brin (No. 8) of Alphabet experienced small declines in their fortunes due to regulatory pressures on Google.

Steve Ballmer (No. 9) saw his wealth increase by $3.9 billion to $125 billion, boosted by a rise in Microsoft shares.

Amancio Ortega (No. 10), the Spanish founder of Inditex, holds a net worth of $124 billion, though he slipped one spot from last month.

The Top 10 Richest People in the World (as of December 1, 2024):
Elon Musk – $330 billion (Tesla, SpaceX, xAI, X)

Larry Ellison – $227 billion (Oracle)

Jeff Bezos – $223 billion (Amazon)

Mark Zuckerberg – $199 billion (Meta)

Bernard Arnault – $160 billion (LVMH)

Warren Buffett – $151 billion (Berkshire Hathaway)

Larry Page – $140 billion (Google/Alphabet)

Sergey Brin – $134 billion (Google/Alphabet)

Steve Ballmer – $125 billion (Microsoft, Clippers)

Amancio Ortega – $124 billion (Inditex/Zara)

The rankings reflect the shifting dynamics of global wealth, heavily influenced by market movements and individual business successes.

 

(FORBES)
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President Bola Tinubu has reiterated that the removal of the fuel subsidy under his administration was a strategic move to prevent the nation from economic collapse, emphasizing that the policy is beginning to yield positive outcomes.

The president, who made the announcement of subsidy removal on his inauguration day, May 29, 2023, addressed the subject during the combined 34th and 35th convocation ceremonies at the Federal University of Technology, Akure, Ondo State, on Saturday.

In a speech delivered on his behalf by the Vice Chancellor of the University of Ilorin, Prof. Wahab Egbewole, Tinubu acknowledged the hardships faced by Nigerians but assured them that relief and progress were on the horizon.

“As you are all aware, we took the baton of authority at a time when our economy was nose-diving as a result of heavy debts from fuel and dollar subsidies. The subsidies were meant to support the poor and make life better for all Nigerians,” he said.

Tinubu noted that the subsidies, initially intended to provide relief, ended up benefiting a few, leaving the majority of citizens to bear the brunt. “Unfortunately, the good life we thought we were living was a fake one that was capable of leading the country to a total collapse unless drastic efforts were urgently taken,” he explained.

He emphasized the necessity of tough economic measures, including subsidy removal and exchange rate unification, to stabilize the country. “The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates. I am not unaware of the consequences of the tough decisions on our people,” Tinubu added.

The president highlighted encouraging signs of economic recovery, stating, “The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results. By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.”

Tinubu also urged Nigerians to demonstrate patriotism, assuring them that better days lie ahead. “The present challenges call for a high degree of patriotism, and I can assure all Nigerians that there is light at the end of the tunnel. After rain comes sunshine. The brighter days are almost here. The Renewed Hope Agenda is on track, and we shall not deviate on the path of better and greater Nigeria.”

Addressing the graduating students, Tinubu encouraged them to contribute to national development and avoid seeking greener pastures abroad, which he described as a temporary solution to Nigeria’s challenges.

“Many of our youths have chosen the supposed easy option of emigrating to the proverbial greener pastures where their citizens had rolled up their sleeves to bring their nations back from the brinks in their times of trouble. Such inclination has led to the brain drain syndrome that we now experience in all areas of our endeavours as a nation,” he lamented.

Tinubu concluded by calling for collective efforts to rebuild the nation, expressing confidence in Nigerians’ ability to overcome challenges and achieve progress.

 
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President Bola Tinubu is set to travel to Cape Town, South Africa, from France on Monday to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) with South African President Cyril Ramaphosa.

Tinubu is currently in France at the invitation of French President Emmanuel Macron.

A statement from Tinubu’s spokesperson, Bayo Onanuga, confirmed that the BNC will officially commence on Tuesday, December 3, following a ministerial meeting on December 2 at the South African Parliament in Cape Town.

“The presidential BNC, scheduled for Tuesday, December 3, will be preceded by a ministerial meeting on December 2, 2024, at the South African Parliament Building in Cape Town,” the statement read.

Onanuga noted that Tinubu and Ramaphosa will hold discussions on a variety of bilateral, regional, and global issues.

“President Tinubu and President Ramaphosa will engage in substantive talks on a wide range of issues of mutual interest, including bilateral, regional, and international matters,” he stated.

The two leaders will also review the progress made since their last meeting on June 20, 2024, in Johannesburg, shortly after President Ramaphosa’s re-election. They will assess achievements since the 10th session of the BNC, which was held in Abuja from November 29 to December 1, 2021.

Discussions during the BNC will span eight working groups focusing on key areas of cooperation, including political consultations, migration, banking, defense and security, manufacturing, social development, mining and energy, and trade and investments.

Onanuga added that the two nations would formalize their collaboration by signing several Memoranda of Understanding (MoUs) and agreements during the event.

Established in 1999, the Nigeria-South Africa Bi-National Commission aims to enhance the longstanding friendship and cooperation between the two countries.
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The Central Bank of Nigeria (CBN) has introduced updated guidelines that allow licensed Bureaux de Change (BDCs) to directly acquire foreign exchange from Authorized Dealers.

This change is part of broader efforts to improve Nigeria’s foreign exchange (FX) market and align the naira’s value more closely with market realities.

Outlined in a CBN circular titled “Revised Guidelines for the Nigeria Foreign Exchange Market (NFEM)” and dated November 29, 2024, the new regulations represent a significant shift in policy governing the operations of BDCs.

The revised guidelines address multiple aspects of the FX market, including pricing mechanisms, interbank trading, compliance requirements, and reporting standards. Notably, the inclusion of BDCs in the official FX market marks a major development. For the first time in years, BDCs are now authorized to purchase FX directly from Authorized Dealers, though their transactions are subject to a monthly cap set by the CBN.

“Bureaux de Change (BDCs) operators licensed under the revised guidelines (ref FPRD/DIR/PUB/CIR/002/010 issued on May 22, 2024) are permitted to buy foreign exchange from Authorised Dealers to meet their customer needs, subject to the aggregate monthly cap stipulated by the CBN,” the circular states.

Enhanced Monitoring and Compliance
All FX transactions involving BDCs must strictly adhere to licensing terms and high standards of ethical conduct, as outlined by the Nigerian FX Code. To improve transparency, the new framework mandates that BDCs submit daily transaction reports to the CBN using real-time reporting systems. Similarly, Authorized Dealers, such as commercial and merchant banks, are required to report transactions within 10 minutes through an API-enabled system.

Centralized Pricing Framework
FX pricing under the revised rules will be centralized via the Electronic Foreign Exchange Matching System (EFEMS). The CBN will publish daily rates to ensure all market participants, including BDCs, have access to standardized and reliable data. This system aims to reduce market distortions and improve access to FX for small businesses and individual customers.

Implications for BDC Operators
While the changes offer BDCs expanded access to FX, they also impose stricter regulatory oversight. Operators must adopt digital tools to ensure seamless and timely reporting. By adhering to these guidelines, BDCs are expected to better serve retail customers, foster market transparency, and contribute to a more efficient FX ecosystem.
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A Nigerian football club, the El-Kanemi Warriors, fell victim to a violent armed robbery late Saturday night while travelling through Rijiyar Malam village on the Jos-Bauchi road in Bauchi State.

The attackers injured several players and officials during the ambush.

The team was on its way to Maiduguri for a league match when the incident occurred around 12:45 a.m.

Suleiman Abdullahi, the Personal Assistant to the team’s Technical Adviser, recounted the ordeal, explaining that their buses and another vehicle were stopped by gunfire.

“They fired sporadically, stopped the buses and a saloon car, and ordered all the occupants out,” Abdullahi said. “They attacked us with machetes and sticks, robbing us of money, handsets, and other valuables. Over 10 players and officials sustained injuries during the attack.”

Following the assault, the injured were rushed to Abubakar Tafawa Balewa Teaching Hospital in Bauchi for treatment. The incident was later reported to the GRA Police Station in Bauchi before the team resumed their journey to Maiduguri.

Bauchi Police Command spokesman, SP Ahmed Wakil, confirmed the incident, noting that the club’s Secretary, Dahiru Bala, had officially reported the attack. “Our tactical team has been directed by the Commissioner of Police, Auwal Musa Muhammad, to intensify efforts to apprehend the perpetrators,” Wakil said.

He added that the command’s Rescue Me app is available to assist victims in tracking their stolen phones and other valuables.

Authorities have assured the public that investigations are ongoing to bring the attackers to justice.

 
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The Federal Competition and Consumer Protection Commission (FCCPC) has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors.

A statement signed by Director, Corporate Affairs, FCCPC, Ondaje Ijagwu, on Sunday, said inquisitions, which will begin on December 3rd, 4th, and 5th respectively, are intended to address issues of poor service delivery, exploitative practices, and potential consumer rights violations.

“In the banking sector, the FCCPC will engage Guaranty Trust Bank (GTB) over reports of network failures that hinder customers from accessing their funds or using banking applications.

” In the telecommunications sector, MTN Nigeria faces questions regarding persistent complaints of undelivered data services, unexplained data depletion, and inadequate customer care.

” Similarly, Air Peace Limited will address allegations of exploitative ticket pricing, including significant price hikes for advance bookings on certain domestic routes.

” These inquiries are being conducted under the Federal Competition and Consumer Protection Act (FCCPA) 2018, specifically Sections 17, 18, 32, 33, 80, 110, 111, 112, and 113, which empower the FCCPC to investigate and resolve practices that undermine consumer rights, disrupt markets, or create unfair competition.

“The FCCPC’s engagement with these companies provides a platform to address consumer concerns, clarify business practices, and enforce compliance with regulatory standards. The companies will be required to appear before the Commission on dsignated days to provide information and responses to enable the Commission to make determinations and resolve pending issues promptly, ” FCCPC said.

 
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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged Nigerians contemplating emigration to remain in the country and benefit from ongoing economic reforms initiated by the federal government.

Speaking at the 59th Annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Cardoso assured the audience that the government’s policies are designed to stimulate sustainable economic growth.

He emphasized that all decisions by the apex bank are made in the best interest of Nigerians. “And we will continue to strengthen our internal capacity processes to ensure that these processes remain firmly rooted in evidence-based analysis. It is not a good idea to ‘japa’ at this stage,” Cardoso said, using the popular slang for leaving the country.

Addressing those considering selling off assets to move abroad, Cardoso pointed out two key reasons to reconsider. “One, those who may decide they are going to do that, they will sell and get rid of their assets. Two, there are opportunities in the market today, which I must say, from my experience over the past year and also for the past six months, a lot of interest from the outside in what is going on in Nigeria. In taking positions in certain assets, so they see the opportunity, and we, who are here, should be part of the solution for the better things which will come.”

Acknowledging the economic difficulties facing many Nigerians, Cardoso stressed that the reforms aim to tackle current challenges while securing opportunities for the future. “We are building an economy where every individual, every business, and every community can thrive.”

The CBN governor also called for collective action from all stakeholders, including banks, regulators, businesses, and citizens, to achieve a prosperous and inclusive economy. “This vision will not be realized by one institution alone. It requires all of us to work together with steadfast resolve,” he concluded.
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The camps of former Vice President Atiku Abubakar and Labour Party’s 2023 presidential candidate, Peter Obi, have dismissed rumours of a joint ticket for the 2027 presidential election.

Speculation arose on social media after photos of Atiku hosting Obi for breakfast at his Adamawa State residence went viral.

Atiku later shared a video of the meeting on his official X account, captioning it, “It is breakfast time with my friend, #PeterObi, in the ‘land of beauty.’”

The video showed the two leaders seated at a dining table, alongside others, preparing to share a meal.

This interaction comes months after Ibrahim Abdullahi, Deputy National Spokesman of the People’s Democratic Party (PDP), stated during a live political program that leading opposition figures, including Atiku, Obi, and New Nigeria People’s Party leader Rabiu Kwankwaso, were exploring a potential alliance to challenge the ruling All Progressives Congress in 2027.

Responding to the viral posts, Atiku’s spokesman, Paul Ibe, clarified that the meeting was simply a reunion of old friends.

“Let us not jump the gun. The fact is that Obi accepted to be the keynote speaker at the 20th anniversary of AUN and the 16th Founder’s Day, which was a milestone. Obi is part of that celebration. The university was founded by Atiku Abubakar, who was more like his host. But people think it is because of politics. We all know our friends. The truth is that politics cannot separate friends,” Ibe explained.

He added that the breakfast was a casual gathering before they proceeded to the event.

Similarly, Obi’s media aide, Ibrahim Umar, dismissed claims that the breakfast meeting hinted at a joint ticket for 2027.

“It’s laughable to imagine that Nigerians would always add a political undertone to every meeting that involves party bigwigs like the duo. No, there was nothing like that. They just invited him (Obi) to deliver a speech there. It has nothing to do with politics. Of course, you know people will always assume things,” Umar said.

Despite the denials, discussions around a possible alliance between the two prominent politicians continue to fuel public interest.

 
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Syria’s rebels seized most of Aleppo on Saturday as their sweeping advance ousted Russian forces from at least three military bases around the city.

Opposition fighters raced through Aleppo, Hama and Idlib provinces in a lightning advance that has stunned Bashar al-Assad’s regime.

By Saturday night, the rebels had entered the city of Hama in one of the most significant crises for the Syrian government in the country’s 13 years of civil war.

Fighters broke through government lines in the west and pushed deep into Syria’s second-largest city of Aleppo on Friday night, appearing in photographs outside the city centre’s medieval citadel.

“I am a son of Aleppo and was displaced from it eight years ago, in 2016. Thank God we just returned. It is an indescribable feeling,” said Ali Jumaa, a rebel fighter, in television footage filmed inside the city.

The Syrian army on Saturday admitted that rebels had captured large parts of the city, and said regime forces had staged a temporary withdrawal to prepare a counter-offensive.

Dozens of towns and villages changed hands in the advance, and several Syrian military bases fell or were abandoned, including sites which had been used by Russian forces fighting to keep Assad’s regime in power since 2015.

As the rebel offensive accelerated, Russian forces were reported to have withdrawn from their base in the Al-Suqaylabiyah area in the northern Hama countryside, and also to have left Hama air base

Rebels also took Kuweires airbase east of Aleppo, which houses a military flying institute and is reported to have housed Russian troops and electronic warfare units.

Sergei Lavrov, Russia’s foreign minister, on Saturday held urgent talks by phone with his Turkish counterpart, Hakan Fidan, discussing the situation in Syria.

“Both sides expressed serious concerns at the dangerous development of the situation in the Syrian Arab Republic in connection with the military escalation in the Aleppo and Idlib provinces,” the ministry said.

Analysts predicted Assad’s forces could be forced from the entirety of Aleppo and Hama provinces by the end of the weekend.

Charles Lister, of the Middle East Institute think tank, said the rapid developments were “quite literally an earthquake within the 14 years of Syria’s crisis”.

“Assad is looking more vulnerable than ever. An absolute collapse,” he added.

Russian planes were also accused of killing at least 20 people in Aleppo in an air strike on a roundabout where rebels had toppled a statue of Assad’s late brother, Bassel al-Assad.

The offensive led by the Hayat Tahrir al-Sham (HTS) jihadist group and its allies has reignited front lines which had been largely static for more than four years.

As the group swept into Aleppo from the west, the rival Kurdish-led Syrian Democratic Forces (SDF), moved into the city from the east and took control of Aleppo’s international airport, after Syrian regime forces left.

However, by Saturday afternoon, the SDF, which has received significant US backing to fight Islamic State militants, was said to have handed the airport over to the other rebels.

One fighter posted a video of himself on a “tour” of the facility, offering the “good news” to our “brothers in the liberated areas”.

On Saturday, rebels also released a video saying they had captured the Abu al-Duhur air base, about 28 miles south of Aleppo. The air base changed hands and was destroyed earlier in the civil war. It has been held by the Syrian government since 2018.

The offensive has gathered momentum after apparently facing little organised resistance from the Syrian government forces, who had melted away, according to monitors.

Vladimir Putin, the Russian president, has lent heavy support to Assad since 2015 and Russian air power was pivotal to the Syrian government’s success in regaining control of its major cities during the civil war.

Russia’s port on the Syrian coast, at Tartus, is critical to its operations in the Mediterranean and in Libya, where Moscow is backing the military strongman Gen Khalifa Haftar.

Jalel Harchaoui, of the Royal United Services Institute think tank, said: “While I’m not predicting Russia will abandon Tartus or Latakia, the proximity of Suqaylabiyah, less than 100km from Tartus, must be noted here.

“Any potential loss by Moscow of these ports would reshape the fate of the Haftar family.

“Russia’s extremely pleasant and comfortable circumstances in Libya have been logistically anchored in its secure bases in Syria.

“If this Syrian foundation were to falter, Moscow would become compelled to view its Libyan engagement as less natural and more costly.”

Rebel groups were ousted from Aleppo in 2016 with the help of Russian air power and Iranian forces, after a brutal four-year siege.

Inside Aleppo, schools and government offices were closed as most people stayed indoors, according to Sham FM radio, a pro-government station. Bakeries were open.

Social media posts purported to show the rebels outside the city’s citadel, and cellphone videos showed them talking with residents they visited at home, seeking to reassure them they will cause no harm.

The Syrian military said its withdrawal from Aleppo “is a temporary measure and (the military central command and armed forces) will work to guarantee the security and peace of all our people in Aleppo”.

Abdulkafi Alhamdo, a teacher who fled Aleppo in 2016 and returned on Friday night after hearing the insurgents were inside, told Associated Press he had “mixed feelings of pain, sadness and old memories”.

He said: “As I entered Aleppo, I kept telling myself this is impossible! How did this happen?”

He said he strolled through the city at night, visiting the citadel, where the insurgents raised their flags, a major square and the university of Aleppo, as well as the last spot he was in before he was forced to leave for the countryside.

A rebel fighter said he had returned to the city for the first time in 13 years, when his older brother was killed at the start of the war.

Mohammad Al Abdo said: “God willing, the rest of Aleppo province will be liberated” from government forces.”


VIA TELEGRAPH

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Port-Harcourt Refinery Shuts Down Momentarily, Only 'Crude Distillation Unit' Running And Cannot Produce PMS

The Port-Harcourt refinery of the Nigerian National Petroleum Company Limited (NNPCL) has shut down operation "at the moment" with only its non-petroleum unit running which is the Crude Distillation Unit (CDU), SaharaReporters can report.

The CDU produces naphtha, kerosene and diesel but cannot produce the component which is needed for the Premium Motor Spirit (PMS) otherwise known as petrol, top sources at the refinery disclosed to SaharaReporters on Saturday.

SaharaReporters has been monitoring developments at the refinery since Tuesday when the NNPCL initially claimed the refinery was up and trucking out PMS to the Nigerian public.

SaharaReporters had exclusively reported that only the old section of the Port-Harcourt refinery was working and it was blending "Crack C5 with the Naphtha" and trucking it out as Premium Motor Spirit, which some staff warned would have an "effect" on vehicles.

The top sources had clarified to SaharaReporters on Wednesday that the NNPCL came up with the idea of blending Crack C5 with the Naphtha from the primary units because the secondary units are not ready yet.

The sources had said that though blending is a standard practice and that PMS is a blend of products, “but the blended products are reformate. Gasoline is produced from the secondary units of the process plant. These secondary units are yet to be commissioned."

Giving an update to SaharaReporters on Saturday, a top official said only the CDU was running at the moment and could turn out only naphtha, kerosene and diesel.

"The Crude Distillation Unit (CDU) is still running but the operation of the depot is shut down at the moment. The CDU produces naphtha, diesel and Kerosene but cannot produce the component for the production of PMS," the source revealed.

"All these products cannot serve the masses as the production of these products are in small quantities even if the plant runs at 100% throughput. The processing plant of 150,000bpd capacity will commence operations in 2026; that is if money is made readily available to meet the timelines because at the moment the project has exceeded $2billion."

SaharaReporters on Tuesday reported that NNPCL confirmed its exclusive reports that only the old Port Harcourt Refinery in Rivers State is working and that the refinery is not trucking out PMS but blended gasoline.

The NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement had said that the old Port Harcourt Refinery is currently operating at 70% of its installed capacity, and that it produces Straight-Run Gasoline (Naphtha), blended into 1.4 million liters of Premium Motor Spirit (PMS), popularly known as petrol daily.

Confirming SaharaReporters’ stories, Soneye in a statement on Tuesday evening, said, “The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd.) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery.

“This achievement marks a significant step forward after years of operational challenges and underperformance.

“We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products.

“For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%. The refinery is producing the following daily outputs:

“Straight-Run Gasoline (Naphtha): Blended into 1.4 million liters of Premium Motor Spirit (PMS or petrol); Kerosene: 900,000 liters; Automotive Gas Oil (AGO or Diesel): 1.5 million liters; Low Pour Fuel Oil (LPFO): 2.1 million liters; Liquefied Petroleum Gas (LPG): Additional volumes.”

Soneye had added, “It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications.

“Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.

“Additionally, we have made substantial progress on the new Port Harcourt Refinery, which will begin operations soon without prior announcements."



P’Harcourt refinery halts operations, loading bay empty

The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging.

A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by our correspondent claimed that the refinery was undergoing calibration which might last till next week.

The Port Harcourt Refinery has faced numerous delays and missed deadlines to resume operations.

Upon visiting the Port Harcourt Refinery Area 5, our correspondent observed no signs of activity.

An official, who spoke on condition of anonymity, revealed that the loaded trucks contained “dead stock”.

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The Nigerian Labour Congress (NLC) has instructed workers in 14 states to embark on an indefinite strike starting Monday in response to the failure to implement the new minimum wage and continued payment of outdated salaries.

President Bola Tinubu signed the new Minimum Wage Act into law in July, raising the national monthly minimum wage from N30,000 to N70,000. This came after extensive negotiations among the government, organized labor, and private sector representatives, during which labor’s initial demand for N250,000 was reduced to N70,000.

Despite the law’s enactment nearly six months ago, only 23 states have implemented the new wage structure, leaving out several others, including the Federal Capital Territory (FCT).


In a statement issued Friday, the NLC noted:

“Recall that the NEC of 8th November 2024 in Port Harcourt directed that industrial action to compel implementation of the new national minimum wage should commence in any state that has not complied by the end of November 2024. This position was reinforced by the CWC in Kano on the 27th of November 2024.

“Flowing from the above it is our information that some states have not commenced the said implementation as workers are still being paid on the old structure and there is no subsisting agreement to show a date of commencement of implementations.

“They are as follows: Abia, Akwa Ibom, Ebonyi, Ekiti, Enugu, Federal Capital Territory, Imo, Nasarawa, Kaduna, Katsina, Oyo, Sokoto, Yobe and Zamfara states.

“We therefore request that you direct your state councils in the following states to proceed on the said needed actions to compel the implementation as resolved by the NEC & CWC.

“Please do oblige us with copies of your letters to your state councils in this regard for effective mobilisation.”

The NLC emphasized that the strike aims to push for full compliance with the minimum wage law and address workers’ grievances over delayed salary adjustments.

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Simon Ekpa, a pro-Biafran activist arrested in Finland for alleged terrorism-related activities, will remain in detention throughout the Christmas holiday season, as Finland’s legal system does not allow for bail.

This was confirmed via email by Mikko Laaksonen, a Senior Detective Superintendent at Finland’s National Bureau of Investigation.

Meanwhile, Ekpa’s supporters have declared the “United States of Biafra” at a conference held in Lahti, Finland, on Friday.

The event came amidst ongoing legal challenges for Ekpa, who was arrested alongside four others last week on charges related to incitement of violence and terrorism financing.

Finnish authorities allege that Ekpa, who identifies as the Prime Minister of the Biafra Republic Government-in-Exile, used social media to incite violence in Nigeria’s South-East region.

According to local reports, the Päijät-Häme District Court ordered Ekpa to remain in custody on charges of public incitement to commit crimes with terrorist intent. Finnish police have also detained other suspects linked to the financing of terrorism. Ekpa is scheduled to face trial in May 2025.

Laaksonen clarified that Finland’s criminal procedures do not include a bail system but rely on remand or travel bans to restrict the freedom of movement for suspects.


Pro-Biafra Supporters Convene in Finland

Ekpa’s followers gathered in Lahti to declare the “United States of Biafra.” Videos on social media showed a significant number of Nigerians arriving in Finland for the event titled Biafra Mass Exodus 2024.

Dr. Ngozi Orabueze, who identified herself as the Chief of Staff for the United States of Biafra, presided over the convention. Orabueze, a nurse practitioner based in Atlanta, was appointed in March 2023 as Minister of Health, Oil, and Gas for the Biafra Republic Government-in-Exile.

On her verified social media account, Orabueze posted updates about the declaration, which included plans to adopt a new currency and time zone. “Biafra has been re-declared today, 29th of November 2024,” she announced, adding, “Power belongs to the people.”

The event included chants of “USB” (United States of Biafra) and a list of proposed states within the re-declared entity. The crowd sang Igbo songs and expressed solidarity with the movement.


Divergent Reactions

The Indigenous People of Biafra (IPOB), through spokesperson Emma Powerful, distanced the group from the event, describing Ekpa’s faction as “criminals” and denying any involvement. Similarly, the Movement for the Actualization of the Sovereign State of Biafra (MASSOB) expressed cautious support but emphasized that Nigeria remains in control of the region.


Extradition Challenges

The Nigerian Ministry of Foreign Affairs has confirmed that there is no extradition treaty between Nigeria and Finland. However, legal experts suggest that international conventions could provide grounds for Ekpa’s extradition if Nigeria meets specific conditions.

Calls for Ekpa’s extradition have grown louder in Nigeria, with citizens and officials urging the Finnish government to cooperate. Brigadier General Tukur Gusau, Director of Defence Information, has also called for Ekpa’s return to face charges in Nigeria.

Chukwuma Ezeala, a legal expert, noted during an interview that international crimes could warrant cooperation between Finland and Nigeria, even in the absence of a formal treaty. “The question will now be whether Nigeria can meet the requirements for extradition under international conventions,” he said.

Ekpa’s case and the declaration of the “United States of Biafra” have sparked widespread debate both locally and internationally.


(PUNCH)

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This week, as I refueled my car, I couldn’t help but be struck by the sharp contrast between petrol prices here in Metro Atlanta and in Nigeria.

In Metro Atlanta, fuel prices hover at $2.70 per gallon, which is equivalent to around 67 cents per liter. (Four liters make up a gallon.) Translating this into naira reveals a stark discrepancy.

At the current exchange rate of 1,647 naira to the dollar, a gallon of petrol in Atlanta equates to approximately 5,200 naira or 1,102 naira per liter. That’s astonishingly cheaper than Nigeria’s prevailing rate of around 1,300 naira per liter.

This disparity grows even more troubling in light of the wildly differential minimum wage standards between Nigeria and the United States. In the United States, the federal minimum wage is $7.25 per hour, which amounts to roughly $1,200 a month. Converted into naira, this comes to nearly 1,974,000 (one million, nine hundred and seventy four thousand) naira.

Note that almost no one earns the minimum wage. Even the lowest remunerated workers here earn above the minimum wage. For example, my 16-year-old daughter who works at an entertainment restaurant chain on weekends earns $13 an hour.

Meanwhile, the federal minimum wage in Nigeria is a piddling 70,000 naira, or around $42.55. In other words, Nigerians with a minimum wage of 70,000 per month pay a higher rate at the pump than Atlantans with a minimum wage of 1.9 million naira per month.

When one presents these figures, defenders of past and present Nigerian regimes— and clueless, stonyhearted neoliberal evangelists— often argue that it’s fruitless to compare Nigeria with the United States, the world’s largest economy.

Yet, it’s worth noting that the U.S. does not indulge in the luxuries afforded to Nigeria’s ruling political elites. For instance, while American presidents pay for their own meals, including the meals of their guests, Nigeria allocates billions for the upkeep of its first families.

Such contrasts illustrate not merely economic differences but also the broader question of public accountability and fiscal priorities.

In much of the developed world, government subsidies for fuel are deemed vital, particularly where public transport systems are not robust. In the U.S., for example, state governments sometimes provide targeted subsidies to cushion residents from high fuel prices.

The lower fuel prices in America are facilitated by state subsidies aimed at counterbalancing a lack of comprehensive public transit options, as is the case in Western Europe.

For instance, the governor of Georgia, Governor Brian Kemp, recently decided to suspend fuel taxes in Georgia following Hurricane Helene, which temporarily reduced petrol prices to around $2.50 per gallon. This is typical all over the United States.

The Center for Investigative Reporting found that the true cost of petrol in the United States is $15 per gallon, that is, $3.75 per liter. Converted into naira, that would amount to 24,648.90 naira per gallon or 6,162.23 naira per liter. But the average pump price of petrol in the United States is $3.16 per gallon.

(Gas prices can vary greatly within each state, with Texas having the lowest price of $2.669 per gallon and California the highest price at $4.68 per gallon. Note that California’s minimum wage is more than twice the federal minimum wage at $16.00 an hour.)

Americans don’t pay the actual cost of petrol because their state governments spend billions to subsidize their petrol consumption. According to the IMF, which has demonized fuel subsidies in the developing world, compelled governments to remove subsidies, and recruited scorn-worthy traitors to brainwash poor people into accepting that subsidies are bad for them, the United States spent $757 billion in fossil fuel subsidies in 2022 alone.

Globally, the IMF said, “subsidies surged to a record $7 trillion [in 2022] as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the pandemic.” That represents 7 percent of global GDP.

U.S. state governments spent a significant sum on fuel subsidies, largely as part of measures to alleviate the impact of elevated energy costs. These measures included gas tax holidays, direct consumer grants, and discounts, aiming to shield residents from the global surge in fuel prices following supply disruptions caused by international events like the Ukraine crisis.

These interventions illustrate the fiscal lengths governments are willing to go to stabilize fuel costs for their citizens amid economic challenges.

Countries as diverse as Egypt and Indonesia have similarly leveraged fuel subsidies to maintain price stability, alleviate poverty, and stimulate their economies. These examples illuminate a fundamental principle that subsidies, when properly managed, can serve as powerful tools to bridge income disparities and invigorate economic growth.

But not in Nigeria. Nigerians face relentless economic strain despite residing in an oil-producing nation. It’s a country where, somehow, people have been persuaded by a sophisticated mob of well-compensated spin doctors that exorbitant fuel prices are an unavoidable reality to which they must resign themselves.

For a resource-rich nation, which is also among the poorest globally, this is a bitter, disconcerting irony.

Those who denounce subsidies as inefficacious or detrimental often betray a limited understanding of their societal role, or worse, they may advocate for policies that consolidate wealth at the top.

In societies grappling with inequality, subsidies can mean the difference between bare survival and a modest but dignified life for millions.

To disparage such measures, particularly in a nation with profound economic inequalities, is to endorse a vision of society that is untenably divided—and to invite criticism that should rightly be directed not only toward them but, if you’ll pardon the expression, toward the legacy of those who espouse such values.

It is a grave irony, and a deeply unjust one, that the people of Nigeria — a nation abundantly blessed with oil wealth — must endure petrol prices that surpass those of Atlanta, a city in one of the world’s richest nations. This, while the average Nigerian subsists on a minimum wage of approximately $43 a month, a pittance that could scarcely fill a tank, let alone sustain a family.

The removal of petrol subsidies is not merely an economic policy; it is a sentence handed down to the already struggling, forcing countless Nigerians to choose between transportation, sustenance, and survival. The ripple effects are evident in unchecked inflation spirals, faltering businesses, and tragic loss of lives in the wake of avoidable hardship.

To govern is to protect, to prioritize the well-being of the many over the convenience of the few. To abandon subsidies under the guise of fiscal responsibility while the vulnerable teeter on the edge of despair is neither responsible nor just. It is, instead, an abdication of moral duty.

President Tinubu should restore the subsidies minus the corruption, not as a concession, but as an obligation to the people he is obligated to serve. To do so is not to admit defeat but to affirm humanity, to wield governance as a tool of compassion rather than austerity.

After all, what use is a nation’s wealth if it is not deployed in the service of its citizens? Let Nigeria’s oil be a blessing once more, not a bitter reminder of inequalities entrenched and lives disregarded.


Farooq Kperogi is a renowned columnist and United States-based Professor of Journalism. 

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