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I Made You a Billionaire, Obasanjo Tells Alakija

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​Former president Olusegun Obasanjo said yesterday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during his tenure as President. Obasanjo stated this at the 2016 Tony Elumelu Foundation Entrepreneurship Forum.
According to Vanguard, the former president was reacting to an allegation by Alakija at the event, that the Obasanjo administration frustrated her effort when she ventured into oil business.She alleged administration illegally took an oil block allocated to her company after her family had invested all its savings to strike oil in commercial quantity.

“This oil block is in 5000 feet depth of water and was extremely difficult to explore. “It took 15 years from the time that we were awarded the licence in 1993 till 2008 when we struck the first oil “When this event happened, 60 per cent out of our 60 per cent equity in the business, was forcefully taken from us by the government of the day without due process. “We had to fight back by going to court to seek redress and it took another 12 years for justice to be served in our favour. “In all those years it was my trust in God, my perseverance and the support of my family that got me going,” she said. .

 She used her experiences to charge the 2000 budding entrepreneurs at the event to be dogged, determined and not to give up in the face of challenges. When Obasanjo spoke, the former president seized the opportunity to reply to the allegation by Alakija.

“There is a saying in my part of the world that when a proverb touches you and you failed to reply, then you are a coward,” he said. 

“For you to come here and say that, for no cause whatsoever, you were denied what was rightfully yours, is not fair. “I do not know you from Adam and there is no reason I would have denied you what rightfully belonged to you. “So, you have struggled, and you have struck oil. God bless your heart. “My delight is to be able to create Nigerian billionaire and I always say it that my aim, when I was in government was to create 50 Nigerian billionaires. “Unfortunately I failed. I created only 25 and Madam, you are one of them,” he said.

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Hashim: Nigeria Is at War, Tinubu Lacks Clear Strategy to End Insecurity

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Accord Party presidential aspirant Dr. Gbenga Olawepo-Hashim has criticised President Bola Tinubu’s approach to tackling insecurity, saying Nigeria is effectively at war but lacks a clear and coordinated strategy to defeat terrorist groups and criminal gangs.

Hashim argued that despite ongoing military operations, terrorists and armed criminal groups continue to dictate the pace of violence in several parts of the country. He maintained that the nation’s security challenges require more than isolated military offensives, calling instead for a comprehensive national strategy backed by strong political leadership.

According to him, Nigeria’s armed forces possess the capacity to restore security if provided with consistent direction, adequate support, and a clearly defined mission. He stressed that defeating insecurity requires improved intelligence gathering, stronger inter-agency coordination, and sustained political commitment.

Hashim further urged the federal government to treat the country’s security situation with greater urgency, warning that prolonged instability could continue to undermine economic growth, investment, and public confidence in government institutions.

His comments come amid ongoing national debate over security policy, even as the Tinubu administration has announced measures including expanding the Nigerian Army and increasing investment in technology and military capabilities to address the country’s security threats.

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President Tinubu Approves Major Road Infrastructure Boost – Reconstruction of Key Federal Roads in Niger State and Extension of Bodo–Bonny Road in Rivers State

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In a significant move to enhance connectivity, durability, and economic development across Nigeria, President Bola Ahmed Tinubu has given the green light for the immediate reconstruction of three critical federal roads in Niger State, alongside the extension of the strategic Bodo–Bonny Road in Rivers State to link up with the East–West Road.

The three roads in Niger State earmarked for full reconstruction will utilize reinforced concrete pavement to guarantee long-lasting performance and better value for money. The projects include:

  • Mokwa–Bida Road(approximately 120 km)
  • Mokwa–Makeri Road (63 km)
  • Bida–Labata Road (123.5 km)

These upgrades aim to improve transportation efficiency, reduce maintenance costs over time, and support socio-economic activities in the North-Central region.

Additionally, President Tinubu has directed the extension of the Bodo–Bonny Road in Rivers State by connecting it to the East–West Road. This extension will be constructed as a *dual carriageway using concrete pavement and will feature solar-powered street lighting for enhanced safety and sustainability. The initiative is expected to boost access to coastal communities, facilitate trade, and strengthen integration in the Niger Delta area.

This approval underscores the administration’s ongoing commitment to revitalizing legacy infrastructure projects and delivering durable, high-quality road networks nationwide under the Renewed Hope Agenda.

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“Political Hushpuppi” Ugochinyere is one of PDP’s aberrations, he is only cashing out – Wike’s Aide

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Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory (FCT), Nyesom Wike, has described House of Representatives member from Ideato North and South Federal Constituency of Imo State, Imo Ugochinyere Ikeagwuonu, as a “political hushpuppi” who was produced by part of the aberrations in the People’s Democratic Party (PDP) that must be made to stop.

Olayinka, who told Ugochinyere to “stop going about masturbating about anything Wike,” admonished him to face the reason for which he was elected into the House of Representatives so that his constituents will stop seeing him as a failure and consistently passing votes of no confidence against him.

While featuring on Channels TV’s Politics Today on Friday, Ugochinyere, had said that the FCT Minister and other G5 Governors like Governor Seyi Makinde of Oyo State, former governors Samuel Ortom (Benue), Ifeanyi Ugwuanyi (Enugu) and Okezie Ikpeazu (Abia) were determined to destroy the Peoples Democratic Party (PDP).

However, in a statement in Abuja on Saturday, Olayinka said; “This is one of the things you get when people who joined the PDP today are awarded the ticket of the party tomorrow morning. If not for the aberration in the PDP that produced a character like Ugochinyere, someone who only joined the party in 2022 won’t be the one to lecture us about who is loyal to the party and who’s not.

“If PDP had functioned properly, would a ‘political hushpuppi’ like Ugochinyere have gotten the party’s ticket while still in another party? Even till today, as a PDP Rep member, Ugochinyere is still holding on to his Action Peoples Party (APP), using it to cash-out in Rivers State.

“Therefore, we on this side are not bothered because we understand why Ugochinyere must now mount the podium and accuse Wike of playing childish and kindergarten politics. He must satisfy those feeding him from the resources of Rivers State.”

While mocking Ugochinyere for always having an organization to speak for to carry out his political hustle, Olayinka said; “In saner climes, such character would have been arrested, tried and jailed for impersonation.

“When he got to the House of Representatives and there was no title under which his political hushpuppism would continue, he awarded to himself a non-existing title of ‘Spokesperson of Opposition Lawmakers Coalition in the 10th National Assembly,’ claiming to have been so appointed by the Coalition of United Political Parties (CUPP).

“But the questions are, is CUPP a political party with members in the House of Representatives? Where and when was CUPP registered? Apart from the positions of Minority Leader, Deputy Minority Leader, Minority Whip and Deputy Minority Whip, is there anything like spokesperson of opposition lawmakers in the National Assembly?

“Being a political hustler that he has always been, Ugochinyere, knew that he will be contravening the rules of the National Assembly by allocating to himself, a non-existing position, but he just must have a title to keep his hustle going, and indeed, it has been booming.

“Impersonating as spokesperson of opposition lawmakers in the House of Representatives, Ugochinyere has been cashing out in Rivers State in particular. If he is not using his former party, APP, to cash-out, he will be using his amorphous opposition lawmakers to chop from inside the Rivers.”

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