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Will Nigeria’s former Vice President, Atiku, be 6-time lucky as he joins 2023 presidential race?

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Former Vice President of Nigeria, Atiku Abubakar will for the sixth time contest to be Nigeria’s president as he officially declared his intention to run for the People’s Democratic Party (PDP) presidential ticket ahead of the 2023 general elections.

Atiku’s declaration comes a week after he solicited the support of members of the Board of Trustees of the PDP last week for his ambition to become to grab the presidential ticket of Nigeria’s main position and hopefully become Nigeria’s next president.

The official declaration was held on Wednesday in Abuja, Nigeria’s seat of power at the International Conference Centre.

The presidential hopeful stressed the state of insecurity in Nigeria and vowed that his administration would not tolerate insecurity. “The most fundamental right of every Nigerian is the right to life. But the APC has failed to protect the life of her citizens… under my Presidency I will not tolerate insecurity.

He also emphasized other critical aspects of Nigeria that he believes the ruling All Progressive Congress (APC) hasn’t met up to expectations.

“They said we should go back to farms. How can Nigerians return to the farms when they have not secured the farms?

“When the APC came in 2015, they met a debt profile of N12tn. But now we have more than N32tn in debt. Under my watch, I will reduce borrowing.”

 “Nigeria is in dire need of visionary leadership. Presently Nigeria is a sinking ship that must be urgently rescued. That is why I am announcing my candidacy for the President

Since his entry into politics in 1993, Atiku Abubakar has unsuccessfully contested to be Nigeria’s president five times. In 1993, 2007, 2011, 2015, and 2019. Today’s announcement put him in the ring for the sixth.

In 1993, he contested the Social Democratic Party presidential primaries losing to Moshood Abiola and Baba Gana Kingibe. He was a presidential candidate of the Action Congress in the 2007 presidential election coming in third to Umaru Yar’Adua of the PDP and Muhammadu Buhari of the ANPP.

He contested the presidential primaries of the Peoples Democratic Party during the 2011 presidential election losing out to incumbent President Goodluck Jonathan. In 2014, he joined the All Progressives Congress ahead of the 2015 presidential election and contested the presidential primaries losing to Muhammadu Buhari. In 2017, he returned to the Peoples Democratic Party and was the party presidential candidate during the 2019 presidential election, again losing to incumbent President Muhammadu Buhari.

It remains to be seen if Atiku will get lucky in his sixth push for Nigeria’s top job. His first hurdle will be to grab his party, PDP’s presidential ticket amidst competition from other candidates notably among which are former Nigeria’s Senate President, Bukola Saraki, and Governor Aminu Tambuwal of Sokoto state who are both from the same region as him.

There are possibly other contending voices within PDP from the other parts of the country who seem interested in grabbing the presidential ticket also, but none has declared an interest. One of them is Atiku’s running mates in the last presidential elections, Mr. Peter Obi who has hinted that he would contest for Nigeria’s top job if the PDP zones the position in his region.

After the internal party hurdle will be the actual height to scale, to defeat the party of an incumbent president is not a common feat in African politics. But then, nothing is cast in stone in Nigeria, not even being a Northern candidate contesting against a Southern candidate as some have argued. Previous presidential elections in Nigeria proved that.

Aside from the North/South divide of Nigeria’s presidential election race, Atiku can also draw motivation from the fact that current President Muhammadu Buhari defeated a sitting president Goodluck Jonathan in 2015. Hence, there is all to fight for.  I wish him luck.

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Nigeria’s Dangote refinery set to get valid operating licence

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The Nigerian government has revealed that the 650,000 barrels per day Dangote Petroleum Refinery will soon receive a full operating licence.

This was declared during the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations in Abuja.

However, the federal government’s NMDPRA clarified that although it had given the $20 billion refinery a pre-commissioning license, the Dangote refinery would shortly receive a fully operational license.

Former President Muhammadu Buhari opened the Dangote refinery in May 2023. In April of this year, the plant began supplying automotive gas oil, sometimes known as diesel, to the domestic market. Premium Motor Spirit, or petrol, has not yet been released.

NMDPRA Chief Executive Farouk Ahmed assured industry participants and other stakeholders during his speech at the summit in Abuja on Tuesday that the refinery would receive a fully operational license from the authority very soon.

Ahmed noted that just three refineries now have legal licenses. Ogbugo Ukoha, Executive Director of distribution Systems, Storage and Retailing Infrastructure, NMDPRA, represented him.

“We have issued three refineries with three valid licences. We awarded to Dangote refinery even in their pre-commissioning and sooner than later they will have full commission and a valid licence also to operate,” he stated.

He added that more licenses are being processed for approximately 15 gas facilities nationwide, out of the total number. As per the NMDPRA chief, 1,199 downstream facilities have valid licenses, and over 176 operators are authorized to import gas.

According to the head of NMDPRA, over 176 operators have gas import permits, while 1,199 downstream facilities have valid licenses. As of 10 a.m. on April 30, 2024, NMDPRA had licensed 9,464 retail shops. He also stated that 130 depots and 69 coastal vessel licenses were in effect.

“In the gas processing facility within the midstream, there are about 15 of them with valid licences. And much is under processing.  If you go to the downstream sector, in the gas state of the downstream, more than 1,199 facilities have NMDPRA valid licences.

“More than 176 operators hold gas import permits. In the liquid licensing side of the downstream, there are 130 depots with valid licences and coastal vessels of more than 69 valid licences as of today. And in the retail outlets, we have 9,464 licensed retail outlets as of 10 am today, April 30,” Ahmed stated.

Nigeria is the largest oil producer in Africa, yet it frequently faces fuel shortages. It imports roughly 33 million litres of petroleum products per day and spent $23.3 billion last year. None of Nigeria’s publicly owned refineries has worked to capacity for years, despite several investments to revive them. The failure of both the previous and current governments has contributed to the high level of national anticipation surrounding the Dangote refinery.

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Politics

African leaders want record World Bank financing to address climate change

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Ahead of a World Bank conference scheduled for later this year, African leaders on Monday called for rich countries to commit to record contributions to a low-interest World Bank facility for developing nations.

The leaders stressed that most African countries depend on the fund to sponsor development and combat climate change.

At a meeting in Japan in December, donors will promise to give money to the International Development Association (IDA), a World Bank organization that gives loans with low-interest rates and long terms.

“We call on our partners to meet us at this historic moment of solidarity and respond effectively by increasing their IDA contributions… to at least $120 billion,” Kenya’s President William Ruto told a meeting of African leaders and the World Bank to discuss IDA funding.

African economies were facing a “deepening development and debt crisis that threatens our economic stability, and urgent climate emergencies that demand immediate and collective action for our planet’s survival,” Ruto said.

He talked about the terrible floods in Kenya and the serious drought in Southern African countries like Malawi. If donors promise the least amount that African leaders have asked for, it will be a new high.

The previous high was $93 billion, which was raised in 2021. IDA loans are given out every three years, and donors usually give their money at a world meeting before the loan is given out.

The World Bank said that IDA lends money to 75 poor countries around the world at low interest rates. More than half of these countries are in Africa. Governments use the money to improve access to healthcare and energy, put money into farms, and build important things like roads.

The president of the World Bank, Ajay Banga, promised to cut down on the “burdensome” rules that guide lending to countries under the IDA. This would make the process more efficient and get money to countries that need it more quickly.

“We believe a simpler and reimagined IDA can be deployed with more focus to make a meaningful impact,” he said.

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