Television Nigerian

Additionally, the naira-to-dollar exchange rate is starting to stabilize, which has been beneficial. The market has become somewhat more predictable as a result of the decrease in volatility.

The president of the Dangote Group, Aliko Dangote, has praised President Bola Ahmed Tinubu for his measures that are reviving private investors’ faith in Nigeria’s economy.

Over the weekend, he made the comments while Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, visited the $20 billion Dangote Petroleum Refinery & Petrochemicals and Dangote Fertilizer Limited in Ibeju-Lekki, Lagos.

Dangote commended the Nigeria First policy and the Naira-for-Crude plan as daring and revolutionary measures that might revive the economy more quickly than anticipated, and he commended President Tinubu’s efforts to address the problem of crude supply issues to domestic refineries.

“I think it is important to express our gratitude to His Excellency, President Bola Ahmed Tinubu, for making sure that the crude oil supply has improved. It is especially admirable that he has insisted that all transactions involving crude oil be made in naira. Crude must be priced and bought in our local currency if we are to successfully fulfill market demand, which we can do,” he stated.

The prominent industrialist observed that the naira-to-dollar exchange rate has become somewhat more stable as a result of these measures and other economic reforms. As the results of the changes became more apparent, he expressed hope that the naira will continue to appreciate in the upcoming weeks. He claims that increased market predictability has boosted trust in the investment climate and assisted investors in making wise business decisions.

Additionally, the naira-to-dollar exchange rate is starting to stabilize, which has been beneficial. The market has become somewhat more predictable as a result of the decrease in volatility.

This is a positive trend for those of us in the business sector since it makes better planning possible. We may anticipate a more favorable exchange rate in the future as market conditions continue to improve,” he stated.

In order to enhance collaboration between security and regulatory authorities and enable more seamless operations under the Naira-for-Crude program, Dangote also praised the Federal Government for launching the One-Stop Shop (OSS) initiative. He underlined that, in accordance with President Tinubu’s order, the OSS has greatly lowered bottlenecks and made it possible to resolve problems in real time.

A One-Stop Shop has been formed by His Excellency, President Bola Ahmed Tinubu’s government, and it is operating with diligence. I have no doubt that the government plans to implement this approach in other areas, especially to expedite the clearing of products, which is a crucial economic function.

“At this time, loading is not giving us any serious problems. The Navy, NIMASA, NPA, and all other pertinent agencies have been consolidated under one roof. Efficiency has been increased as a result of this collaboration. Every problem is resolved quickly under the direction of Mr. Zack Adedeji, the Technical Committee Chairman, who is performing admirably.

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The business tycoon also said that the refinery will be deploying 4,000 CNG (Compressed Natural Gas) tankers as part of a new program to distribute petroleum products more effectively and sustainably. He clarified that the action would lower logistics expenses and guarantee that Nigerians would receive goods closer to their homes and at more reasonable costs.

Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, in the meantime, reiterated the FG’s dedication to encouraging domestic investment and resolving the difficulties encountered by regional businesses.

President Bola Ahmed Tinubu’s unwavering emphasis on domestic investment is the reason we are here today. As you know, we hosted the first-ever Domestic Investment Summit on Monday. Alhaji Aliko Dangote, a prominent investor who has contributed an incredible amount of money to Nigeria’s growth, invited us to this meeting today,” she remarked.

Dr. Oduwole praised the refinery as a historic endeavor, pointing out that even governments are hesitant to take on projects of this magnitude. According to her, the administration is showing genuine support for domestic investors by implementing doable measures to ease restrictions and promote expansion.

He has taken on a project of this kind, which even governments are sometimes reluctant to take on. This is a serious matter for our administration. As a leading domestic investor and a well-known advocate for African investment internationally, we are here to fully support him.

“We are showing our commitment by taking action; our support is not just words. By praising and supporting individuals like Alhaji Dangote who prioritize Nigeria, we are inspiring more domestic investors. Our time, focus, and effort are all perfectly in line with our priorities, so this is not just empty talk.

“For this reason, we have devoted a whole day to fully focusing on this project—the Dangote Refinery.”

In order to lower business costs and promote industrial development, she continued, the Federal Government is constantly interacting with stakeholders and examining legislative and regulatory frameworks.

Nigeria’s largest domestic airline, Air Peace, has stated that it will start offering direct flights from Abuja to London’s Heathrow and Gatwick airports on October 26, 2025, thus solidifying Abuja’s status as a global diplomatic center and political capital.

Nigeria’s soft power projection, international collaboration, and diplomacy will all be significantly impacted by this momentous event, which is the first time a Nigerian airline has established a direct connection between the Federal Capital Territory and two of the UK’s top international airports.

According to a statement from the airline, return tickets for the route would start at N1 million and include a substantial baggage allowance.

In order to increase accessibility for corporate leaders, diplomats, international development workers, and the larger Nigerian diaspora, this pricing plan was developed.

The direct route to London removes a long-standing logistical congestion for Abuja, which is home to more than 100 foreign embassies, multilateral organizations, and international nongovernmental organizations.

Prior until this, most diplomatic missions had to depend on foreign airlines or connecting flights via Lagos in order to reach the UK, which added complication and time to the journey.

According to Mr. Efe Osifo-Whiskey, spokeswoman for Air Peace, “this is not just an aviation breakthrough; it is a strategic alignment with Abuja’s diplomatic identity and Nigeria’s sovereign aviation ambitions.”

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“It establishes a smooth link between the political and economic core of the United Kingdom and the administration center of Nigeria.”

A single Air Peace itinerary allows international travelers to connect via Abuja thanks to the route’s through-ticketing from several Nigerian locations, including Lagos, Enugu, Kano, Yola, Port Harcourt, and Warri. In addition to decreasing dependency on foreign carriers and several layovers, this strengthens ties within Africa and around the world.

Nigeria’s larger objective of establishing aviation independence and regional leadership is furthered by Abuja’s classification as an intercontinental aviation hub. In addition to serving as the seat of government for the country, the Federal Government has stepped up efforts in recent years to establish Nnamdi Azikiwe International Airport (NAIA) in Abuja as a diplomatic and logistics hub.

Following Air Peace’s successful Lagos–London debut in 2024, which compelled a long-overdue market correction in international airline pricing and empowered Nigerian travelers, the Abuja–London route comes right after. The decision was largely hailed as a victory for aviation autonomy and the preservation of foreign cash.

The new route will simplify entry to Abuja for conferences, summits, and official visits, expedite mission turnaround times, and lower logistical costs associated with organizing multilateral engagements for the diplomatic community, international nongovernmental organizations, and bilateral institutions.

By boosting domestic carriers’ ability to connect both within and outside of Africa, it also supports the African Union’s Single African Air Transport Market (SAATM) ambition.

According to the airline’s statement, “Air Peace continues to redefine what is possible in African aviation.”

“This new route makes Abuja an even more important gateway for business and diplomatic exchanges throughout West and Central Africa, not just for Nigeria.”

Aviation, hospitality, and diplomatic protocol service stakeholders are preparing for increased capacity as Abuja gets ready for more foot traffic from this new air corridor. This confirms that the capital is not only hosting international conversations but is now directly connecting to the starting point of many of them.

The purpose of establishing investigating committees is to rectify anomalies, increase public confidence, and return to the initial monetization strategy.

In a daring attempt to promote accountability and transparency, the Federal Capital Territory Administration (FCTA) established two committees to examine the land titling of park plots in Abuja and the sale of homes owned by the Federal Government after it was discovered that previous transactions had numerous irregularities.

Officials claim the action is a direct reaction to ministerial orders following the identification of “serious infractions and deviations” from the authorized procedures controlling the sale of government properties in the capital.

The revelation was revealed by FCTA Director of Land Administration Chijioke Nwankwoeze during the weekend’s inauguration event for the two vetting committees at his office.

He said the committees were formed with FCT Minister Nyesom Wike’s consent to address systemic shortcomings and rebuild public trust in the management of land and housing.

A statement detailing the violations found was signed by the FCTA’s Assistant Director of Information and Customer Service, Badaru Yakassai.

These include difficulties that have weakened trust and efficiency in Abuja’s real estate transactions, such as deviations from the authorized monetization mandate, subpar verification procedures, late payments, poor interdepartmental cooperation, and egregiously inadequate documentation.

“The committee’s objective is to restore accountability, transparency, and order in accordance with the federal government’s initial framework for sales and monetization policies from 2003 to 2005,” Nwankwoeze stated.

Under the administration of former President Olusegun Obasanjo, the first committee was expressly tasked with auditing the sale of federal government properties to ascertain conformity with the monetization strategy. The goal of that program was to establish a systematic and open procedure for civil officials to turn government-owned properties into privately held assets.

But according to new research, there were several irregularities in the process, including purported record tampering, incorrect distribution, and speculative purchases by people and organizations who weren’t the intended policy goal.

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A controversial topic given the FCT’s continuous urban growth, the titling of specified park plots will be the focus of the second committee. For land titling to be in line with the FCTA’s present land reform goal, it will collaborate closely with the Department of Parks and Recreation.

“This is an audacious and irrevocable move,” Nwankwoeze said.

In addition to making sure that these assets are managed in the public interest, the administration is totally dedicated to resolving outstanding concerns pertaining to the sale of government property and the use of public land.

With the full political support of the FCT Minister, he said, the committees were provided with precise terms of reference, deadlines, and institutional support to enable them to efficiently fulfill their mandates.

The decision is deemed appropriate by those involved in land management and real estate. A forensic investigation of the monetization process and a comprehensive overhaul of land titling procedures have long been demanded by numerous experts due to the fact that property ownership in the FCT is frequently entangled in opacity, overlapping claims, and inadequate paperwork.

According to analysts, the system’s reopening might also draw reliable investments, lower the possibility of corruption in government asset transfers, and unlock substantial economic value in Abuja’s real estate market.

Nwankwoeze claims that the heightened inspection is a component of larger reforms under President Bola Ahmed Tinubu’s “Renewed Hope Agenda,” which prioritizes academic integrity, economic