As part of the state’s ongoing investment drive in its various industrial clusters as well as to strengthen the state’s digital Innovation hub, Ogun State Governor, Prince Dapo Abiodun, has visited China alongside his economic team, seeking expansion of the state’s economy.
A statement by Hon. Kayode Akinmade, Special Adviser to the Governor on Media & Strategy stated that Governor Abiodun and his team in the course of the engagement met with Inspur, one of the foremost IT firms in Shandong Province and indeed across China, which took the team through the history of the company’s existence and their inspiring vision for the future.
It said the team marveled at the similarities between their trajectory and the concept for the Ogun Tech Hub, which reaffirmed the conviction of the government that with the right partnerships and support for the state’s ICT companies, Ogun State can take its rightful place as a digital innovation hub in Africa.
“Our conversations with Inspur were focused on how we can translate this meeting into meaningful collaborations that will drive knowledge exchange, create opportunities for our people, and further strengthen the foundation of our digital economy”, the statement was quoted as saying.
Also, the team played host to Mrs. Linshuang Zhang (Esther), the Chairman of Royal Ceramic, a foremost player in Nigeria’s ceramic manufacturing industry, with their state-of-the-art factory situated in Sagamu, Ogun State.
Her presence, according to the statement was not only a mark of respect but also a testament to the growing confidence of industrial giants in the state ‘s administration’s vision for a prosperous Ogun State.
It further stressed that Mrs Zhang during her visit expressed profound appreciation for the remarkable strides Ogun State has made in transforming the state into a truly business-friendly environment, as she commended the deliberate efforts of Governor Dapo Abiodun in building critical infrastructure, strengthening security, and ensuring policies that enable manufacturers like her to thrive.
The statement quoted the Governor saying”, We reaffirmed our commitment to sustaining this trajectory of growth by continuing to create the right atmosphere for investment, innovation, and industrial expansion. It gives us great pride that investors such as Royal Ceramic recognize and celebrate these achievements, further validating our resolve to keep Ogun State at the forefront of Nigeria’s industrial revolution”.
In the same vein, the team had a strategic meeting with the Managing Director of Lee Group, where they were informed about the company ‘s upcoming investments in Ogun State valued at about 50 million dollars.
“This is yet another testament to the attractiveness of our state as the emerging industrial capital of Nigeria, and we remain committed to sustaining policies that make Ogun a preferred destination for global investors.
“We are equally delighted to note that Lee Group is expanding its detergent business, which proudly stands as the number one in Nigeria in terms of sales. This expansion will not only consolidate their market leadership but also create more job opportunities for our people and stimulate economic activities across the value chain.
“In addition, Lee Group is broadening its footprint in the food processing sector with the establishment of two new factories dedicated to exports to the United States and Europe. This bold step underscores the growing confidence of international markets in products made in Ogun State, while also positioning our state as a hub for export-driven industrialization”, the statement read.
In another development, Governor Dapo Abiodun also had an engagement with Governor of Shandong Province, Mr. Zhou Naixiang, as part of efforts to rekindle and strengthen a Shandong-Ogun State Economic and Trade Partnership under the broader Nigeria-China Comprehensive Strategic Partnership (NCSP).
This engagement was in line with the earlier agreement between President Bola Ahmed Tinubu and and President Xi Jinping at the Forum on China–Africa Cooperation (FOCAC) in Beijing, September 2024.
“This engagement is a reflection of our unwavering commitment to the Renewed Hope Initiative of our President exemplified by expanding the frontiers of investment and cooperation for the benefit of our people.
During our discussions, we are exploring opportunities in key sectors such as agriculture, manufacturing, technology, infrastructure, and human capital development”, Abiodun said.
Meanwhile, the Governor on Saturday morning held a strategic meeting with the Mayor of Rizhao, Wang Xinsheng, to deepen economic and cultural ties between the State and the Chinese coastal city.
At the meeting, Governor Abiodun emphasized the centrality of the Olokola Deep Sea Port project to the future of Ogun State, noting that its development would not only position the State as Nigeria’s leading industrial and maritime hub, but also serve as a gateway for enhanced trade between Africa and Asia. He disclosed that discussions with Rizhao – a city renowned for its thriving port economy – were aimed at fostering collaboration that will bring world-class technical expertise and investment into the project.
The Governor further highlighted the State’s rich mineral deposits and the opportunities that exist for exploration and value-added development, stressing the administration’s readiness to partner with reputable global players in the sector. He added that such collaborations would boost industrialization, create jobs and expand Ogun’s revenue base.
Beyond economic pursuits, Governor Abiodun underscored the importance of cultural and people-to-people exchanges between Ogun State and Rizhao, explaining that these ties would foster mutual understanding, strengthen bilateral relations and open new frontiers for educational and tourism cooperation.
The meeting with Mayor Wang Xinsheng, Governor Abiodun noted, is another milestone in Ogun State’s international investment drive, reinforcing the State’s attractiveness as a preferred destination for global partnerships.
Elon Musk’s X has offered to make changes to its blue checkmark for “verified” accounts, a European Commission spokesman said Friday, after the platform received a 120-million-euro ($138 million) fine.
The European Union slapped the fine in December on X for breaking its digital rules, including through the “deceptive design” of its blue checkmark.
“X has submitted remedies in relation to its blue checkmark. The commission will now carefully assess the proposed remedies,” EU spokesman for digital affairs Thomas Regnier said.
He did not provide details about what X had submitted.
X risked periodic financial penalties had it not submitted any remedy.
“We have to value the fact that after a constructive exchange with the company, the company has taken its obligation seriously and has submitted us remedies,” Regnier told reporters in Brussels.
When contacted by AFP, X did not provide comment immediately.
Blue checkmarks, long free of charge at what was previously known as Twitter, were intended to signal the identity of certain users — such as celebrities, journalists and politicians — had been verified in an effort to build trust in the platform.
But after Musk bought the platform, he allowed users to pay to get one.
X in February announced it had filed an appeal with the EU’s top court against the fine, which was the first ever under the bloc’s Digital Services Act (DSA).
But Regnier said the commission still expected X to pay it by Monday, and to provide further remedies on other breaches by April 28.
The fine came under a probe started in December 2023.
That investigation continues as EU regulators study how X tackles the spread of illegal content and information manipulation.
X has often been in the EU’s sights.
The 27-nation bloc in January began another DSA probe into the company’s AI chatbot Grok’s generation of sexualised deepfake images of women and minors after a global outcry.
Akwa Ibom State Government has said it will soon inaugurate its Agric Equipment Leasing Company as part of efforts to promote large-scale mechanised farming in the state.
Governor Umo Eno disclosed this while fielding questions from Government House correspondents shortly after inspecting the progress of work at the company’s facility located at Ekpri Nsukara in Uyo on Thursday.
In a statement obtained from the Government House Press Unit on Friday, the governor commended the contractor for the progress recorded at the project site.
“There is a lot of improvement in the work done here to get the company kick-started in earnest.
“The contractor has given her word that the project will soon be inaugurated, and I hold her to that,” he said.
Eno explained that the essence of the project is to encourage farmers to embrace large-scale farming in order to boost productivity, increase earnings and ensure food sufficiency in the state.
“The farming season is here again, and we are putting everything in place for this project to function optimally. There are over 25 tractors with tracking devices and two low-bed trucks in readiness for the agriculture programme.
“What we intend to do here is to lease these equipment to our farmers across the state at subsidised rates so that they can utilise it for improved farming productivity.
“These farming equipment range from ploughs to harvesters and other implements that will help improve farming output,” he said.
The governor noted that the initiative forms part of his administration’s strategy to mechanise farming methods in the state in order to achieve large-scale crop production and increase farmers’ profits.
Speaking on the government’s tree-crop revolution programme, Eno assured that the initiative would commence once the rainy season sets in, noting that such crops thrive better during the rainy season.
“The nursery for palm seedlings has already been established, and the necessary enumeration of farmers has been conducted across the state.
“Within the next two weeks, the seedlings will be distributed to farmers for planting across the state,” he added.
The governor urged farmers to take advantage of the various agricultural programmes introduced by the government to enhance large-scale farming output and improve economic growth in the state.
A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited (NNPC).
Addressing journalists on Thursday, ASF National Coordinator, Usman Hamza, described the claim as “mathematically impossible” and politically motivated.
The group’s position is in response to a recent claim by the Chairman of the Senate Public Accounts Committee, Ahmed Wadada, that the NNPC Limited could not account for about N210tn.
Hamza said such a figure was misleading.
“Senator Wadada’s claim of N210tn ‘unaccounted for’ funds is a mathematical impossibility designed to shock the public,” Hamza said.
He argued that the claim did not align with Nigeria’s fiscal reality, noting that the country’s entire 2024 national budget stood at about N28.7tn.
“To suggest that a single entity ‘lost’ nearly eight times the national budget is an insult to the intelligence of Nigerians,” he added.
The forum also condemned threats of arrest warrants against former officials of NNPCL, including former Chief Financial Officer, Umar Ajiya, describing the move as part of a coordinated campaign of political blackmail.
According to the group, the Senate committee may have misinterpreted financial figures by combining accrued expenses and receivables in a way that falsely suggests missing funds.
“We consider that the committee has erroneously ‘netted’ N103tn in accrued expenses, largely joint venture liabilities, with N107tn in receivables owed to NNPCL. Labelling money owed to a company as ‘missing funds’ is a professional travesty,” Hamza stated.
During the ongoing review of the financial records of Nigerian National Petroleum Company Limited, the Senate Public Accounts Committee, chaired by Wadada, had raised concerns over alleged discrepancies running into trillions of naira.
The ASF maintained that the allegations ignored the broader financial and structural reforms undertaken by the national oil company in recent years.
Furthermore, Hamza mentioned that the tenure of former CFO Ajiya coincided with the transition of the national oil firm into a commercial entity under the Petroleum Industry Act, a reform that ended decades of opaque financial reporting.
“Mr Ajiya’s tenure saw the transition of NNPC into a commercially driven entity and the publication of the first audited financial statements in 43 years,” the forum stated.
ASF defended the N5.9bn cost incurred during the transition process of NNPC to NNPC Limited, saying it covered complex legal and structural reforms required to transform the former state corporation into a limited liability company.
The forum warned that politicising the Senate’s oversight role could damage Nigeria’s credibility in the eyes of international investors.
“Using the Senate’s hallowed chambers to pursue personal vendettas damages Nigeria’s reputation with international investors,” Hamza said.
The forum further called on the leadership of the Senate to institute an independent ethics investigation into what it described as an alleged demand for bribes linked to the ongoing oversight process.
“We call on the Senate leadership and its Ethics Committee to investigate the alleged bribe demand connected to this oversight exercise,” he said.
He urged lawmakers to stop what he described as the harassment of officials who have already submitted several technical responses to the committee.
“Public accountability should be pursued through a sober forensic review of facts, not through sensational claims and phantom numbers,” he added.
