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Oil Workers Oppose Sale of Refineries, Says It’s against National Interest

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Mrs. Diezani Alison-Madueke, minister of Petroleum Resources
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Oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) have said that they would resist federal government’s plan to sale the nation’s refineries.

Diezani Alison-Madueke, Petroleum minister had said two weeks ago that the nation’s four refineries would be put up for sale by the first quarter of next year.

But the two trade unions in the oil sector said their opposition to the sale of the refineries is premised on the fact that it is against national interest and that the country would not benefit from the exercise.

Echoing the stand of the oil workers in Lagos, Comrade Babatunde Ogun, PENGASSAN President, said the sale is only meant to reward government’s cronies.

He said the government deliberately underfunded the refineries and refused to carry out Turn-Around Maintenance (TAM) and supply crude to the refineries so as to have reasons for selling them off to their cronies.

He explained that instead of opting for the outright sale of the refineries, the federal government should adopt a modified process tailored towards the Nigerian Liquified Natural Gas (NLNG) model with the National Oil Company (NOC) as owners of the four refineries holding a substantial minority shares, while core investors/local participation holds the working majority with the staff, trade unions, and the host communities holding minority shares.

 He advised that government should deal with the problem of vandalism of pipelines that hamper supply of crude oil to the refineries as well as carry out TAM and see if the refineries will work or not.

Comrade Ogun said: “The proposed sale of the refineries is against the overall national interest but in the interest of a few, who are lurking around the corridors of power to milk the country dry. How can a country be selling all its national assets all in the name of privatisation? For whose benefit are such sales?

“If you recall, late President Yar’adua reversed the privatisation of the refineries done by former President Obasanjo, with a promise to carry out Turn-Around Maintenance (TAM) on them to ensure that they are sold not as scrap. On assumption to office, President Goodluck Jonathan also promised to carry out TAM on the refineries.

“Even the controversial Kalu Idika Kalu-led National Refineries Special Task Force also has TAM or rehabilitation of the refineries to make them work in a safe and reliable manner as part of its recommendations.  As we are talking now, nothing has been significantly done.

“Why is the government proposing sales of these national edifices without doing the needful to ensure that the refineries work at their optimal capacity? Nigerians and the general public deserve to know more on the desperate reasons for the spate and row of proposed privatisation, even when the selfish motives of these proposed national assets sales can spell doom for the country.” 

He also said the refineries should be entities independent of either the current Nigerian National Petroleum Corporation (NNPC) or the proposed NOC as in the Petroleum Industry Bill (PIB), while the board of management of each refining company should be fully responsible for its success and failure.

Comrade Ogun said that those that are planning to sell the refineries and their cronies planning to buy them should emulate Alhaji Aliko Dangote and establish their own refineries instead of waiting to corner the nation’s common investment for their selfish interest.

He also stated that instead of privatising the refineries, government should grant effective incentives to allow for the development of private refineries alongside the existing ones, adding that a framework should be articulated that will make available required crude for effective functioning of local refineries. 

“There is need to incentivize and/or compel IOCs to refine an agreed percentage of crude oil in the country. A suggestion is to tie upstream licensing to downstream investment and private ownerships of jetties should be encouraged,” he said.

Ogun stated that: “As the privatisation trend continues, the Nigerian public will need to know from the process drivers the number of jobs and investment that have been created as against the reality that some cronies are now being recruited as technical partners to front for the high and mighty as was the case with Eleme Petrochemicals Company Limited which the government sold to Indorama for $225 million, a mega plant that is the second largest in Africa which at the time of its sale was worth about $2.5 billion as fair market value.

“Also at the time of the sale, the company was fully stocked and the materials needed for its TAM were being bought by the government. It only required working capital that was persistently blocked by bureaucratic bottleneck and undue government interference that delayed its efficiency.”


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Moniepoint Commences DreamDevs Bootcamp to Transform 20 Top Engineering Talents into Industry-Ready Professionals

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L-r: Onyekachi Ejemba, DreamDevs alumni and Backend Engineer, Moniepoint Inc, Yomi Ojute, Talent Development Lead, Moniepoint Inc, Celestina Dike, Employer Brand Manager, Moniepoint Inc; Fatai Okeleji, Engineering Manager, Moniepoint Inc and Chibuzo Ekejiuba, Facilitator, Semicolon at the launch of the Moniepoint DreamDevs Bootcamp in Lagos.
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Following a call for applications in January 2026 and a rigorous selection process that drew over 9,000 applications from across the country, Moniepoint Inc., Africa’s leading digital financial services provider, has officially commenced the bootcamp for the second cohort of its flagship DreamDevs initiative aimed at bridging the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.

The initiative brings together 20 high-potential engineering graduates for an intensive nine-week programme designed to accelerate their development into industry-ready engineers. It will be recalled that candidates, who are recent university graduates from technology, computer science, and engineering fields were invited to showcase their foundational knowledge in HTML, CSS, and JavaScript.

The journey to the final 20 was marked by a multi-stage screening process designed to identify technical aptitude and learning potential. After the initial application review, candidates underwent an online HackerRank technical assessment. From this pool, 50 shortlisted applicants were invited to a physical code challenge, which determined the final participants selected to join the bootcamp.

“At Moniepoint, we believe that Africa’s tech talent can compete on any global stage if given the right environment. DreamDevs is our way of providing that bridge. We’ve seen the success of our first cohort, and this year we’re doubling down to not just to train, but to create a definitive pathway into full-time roles for those ready to engineer financial happiness across the continent.

DreamDevs is about building engineers who can think, solve problems, and contribute meaningfully to systems at scale. This bootcamp is where that journey begins,” said Felix Ike, Co-founder and CTO of Moniepoint Inc.

Delivered in partnership with Semicolon Africa, the bootcamp focuses on strengthening core engineering competencies through structured learning and real-world problem-solving. The curriculum is designed to move participants from foundational principles to production-grade software development, covering Java OOP foundations, data structures and algorithms, Spring Boot API development, and cloud infrastructure.

Participants will gain direct exposure to Moniepoint’s engineering environment, engaging with internal teams to understand how large-scale financial systems are built and maintained. Standout performers at the end of the nine weeks will secure six-month internship placements, with the strongest candidates eligible for full-time employment.

Wisdom Iyamu, one of the selected participants for the DreamDevs bootcamp expressed shock and appreciation.

“I was honestly shocked when I received the acceptance for the first stage. I have many friends who are equally talented and didn’t make it in, so I feel incredibly grateful and excited to be here. I actually applied because a close friend of mine, who is a huge fan of Moniepoint, convinced me to go for it. My expectation for this bootcamp is to learn exactly how to build products that scale. Whether it’s working at Moniepoint or being part of a team building the next billion-dollar idea, I want to be where high-impact engineering happens”, Iyamu noted.

DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag and the popular Moniepoint Women-in-Tech initiative, now in its sixth year.

The programme also sits in tandem with the federal government’s 3 Million Technical Talent (3MTT) initiative, for which Moniepoint serves as a key sponsor. By providing a specialised pathway from foundational training to employment, Moniepoint continues to invest in the people who will drive Africa’s digital economy forward while serving as the backbone of Nigeria’s small businesses and enterprises to catalyze economic prosperity.

 


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FG Asks MDAs to Halt New Policies Until Full Compliance with RIA

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Federal government has directed all Ministries, Departments and Agencies (MDAs) to suspend the introduction and rollout of new policies, regulations, or major regulatory changes until full compliance with the Regulatory Impact Analysis (RIA) Framework is achieved.

FG Asks MDAs to Halt New Policies Until Full Compliance with RIA

The directive, issued by Princess Zahrah Mustapha Audu, director general of the Presidential Enabling Business Environment Council (PEBEC), is part of efforts to strengthen regulatory quality, ensure policy coherence, and improve the ease of doing business in Nigeria

According to the statement, the RIA Framework, which was formally implemented in January 2025, requires that all new policies or amendments introduced after the date must undergo review and approval in line with its provisions.

She noted the framework has already been circulated to MDAs by the Office of the Secretary to the Government of the Federation and is also accessible on the PEBEC website.

MDAs are therefore expected to familiarise themselves with the framework and align their policy development processes accordingly.

Audu emphasised that while the government remains committed to working collaboratively with regulatory institutions, no new reform or policy would be allowed to proceed without being backed by clear and verifiable evidence.

She explained the directive aims to prevent policy shocks that could negatively affect businesses, investors and citizens, eliminate inconsistencies and frequent policy reversals, and institutionalise evidence-based policymaking across government.

The directive also seeks to enhance transparency, improve predictability, and boost stakeholder confidence in public policies, while ensuring adequate engagement to minimise resistance prior to implementation.

Consequently, all MDAs have been instructed to suspend any planned policy rollouts that have not yet been implemented, ensure that new policy proposals are supported by comprehensive RIA and necessary approvals, and integrate the RIA process into their internal policy formulation procedures.

They are also required to undertake structured and inclusive stakeholder engagement as part of policy development to improve acceptance and implementation outcomes.

The PEBEC boss added that MDAs can access the RIA Framework through its website or seek technical support from the council’s secretariat.

She, however, noted that exceptions would only be granted in cases of urgent national interest, subject to appropriate approval.

Audu stressed that cooperation from all MDAs is crucial to building a stable, consistent and business-friendly regulatory environment capable of driving sustainable economic growth and boosting investor confidence.

 

 

 


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FG Unveils Digital Platform to Showcase Nigeria’s Culture, Tourism Destinations

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The Federal Government has unveiled a new digital platform, NITOUREY, aimed at showcasing Nigeria’s rich cultural heritage and tourism destinations to global audiences.

The initiative, introduced at a press conference organised by the Nigerian Tourism Development Authority, was described as a public-private partnership designed to project Nigeria’s diverse cultural assets.

Speaking at the event on Tuesday, the Minister of Arts, Culture, Tourism and the Creative Economy, Hannatu Musawa, said the platform marked another step in repositioning Nigeria as a leading global destination for tourism, culture and creative excellence.

She explained that the digital project would harness the power of the creative economy and technology to amplify Nigeria’s cultural narratives while creating opportunities for young Nigerians, filmmakers, content creators and tourism operators.

Musawa said, “Today marks yet another significant step in our collective journey to reposition Nigeria as a leading global destination for tourism, culture and creative excellence.

“The initiative aligned with the administration’s economic diversification drive, noting that tourism had the potential to contribute significantly to national growth.

“President Bola Tinubu has a vision to use tourism as part of economic diversification and expansion, and NTDA can play a vital role in achieving that goal”.

She emphasised that NITOUREY would not only showcase destinations across the country but also create economic opportunities within the creative industry.

“Through this initiative, we are not only showcasing destinations across Nigeria but also creating opportunities for the creative industries, including filmmakers, content creators, tourism operators and young Nigerians within the creative economy,” she added.

The minister also stressed the importance of collaboration between government agencies, state governments and the private sector, noting that the platform was a PPP initiative designed to unlock the full potential of Nigeria’s tourism and creative sectors.

“This is a commendable PPP initiative that demonstrates the collaboration required to unlock the full potential of Nigeria’s tourism and creative industry,” she said.

She further assured stakeholders that the Ministry of Art, Culture, Tourism and the Creative Economy would continue to support initiatives that enhance Nigeria’s visibility, attract investment and create jobs.

In his remarks, the Director General of NTDA, Ola Awakan, described NITOUREY as a transformative platform that will redefine how Nigeria is presented to the world.

He emphasised that tourism thrives on perception, visibility, and storytelling, noting that the platform will collaborate with key institutions, including the Nigerian Film Corporation, National Film and Video Censors Board, and the National Information Technology Development Agency, to deliver high-quality content.

Awakan added that the initiative is powered by a strong public-private partnership involving TOURCLIQ Creatives Limited and JM MiSA International Limited, underscoring the importance of collaboration in unlocking the full potential of Nigeria’s tourism and creative industries.

He further revealed that NITOUREY will spotlight iconic destinations across Nigeria’s six geopolitical zones, including Zuma Rock, Yankari Resort and Safari, the Argungu Fishing Festival, Ngwo Pine Forest and Cave, Obudu Mountain Resort, and Olumo Rock, projecting them to a global audience.

The platform is expected to serve as Nigeria’s premier tourism streaming platform, projecting the country’s culture, creativity and destinations to both domestic and international audiences.

 


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