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FG to disburse ₦6.3bn interest-free loans to 21,000 flood victims

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The Federal Government is set to disburse ₦6.3 billion in interest-free loans to 21,000 Nigerians affected by recent flood disasters across the country.

Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sununu, made this known on Monday in Abuja during a roundtable marking the International Day for Disaster Risk Reduction.

Sununu said the initiative aims to cushion the impact of flooding and enhance food security nationwide, Channels reports.

“In the next few weeks, 21,000 Nigerians will receive interest-free, collateral-free loans of ₦300,000 each.

“This intervention is designed to support farmers and strengthen communities affected by flooding,” he said.

The minister further revealed that the Federal Government, through the National Social Investment Programme, has reached over 8.1 million households with more than ₦300 billion in Conditional Cash Transfers.

“This support has improved the resilience, health, and education of many vulnerable households. The process will continue under the Hope Agenda of Mr. President,” Sununu added.

He also announced plans to empower internally displaced persons through a scheme that guarantees a market for their produce.

“Under our new collaboration with the Federal Ministry of Agriculture, IDPs will retain 30% of their produce while the government will off-take 70%, providing direct cash payments to the participants,” he explained.

In her remarks, the Director-General of the National Emergency Management Agency, Zubaida Umar, highlighted the growing threat of climate-related disasters and called for stronger preventive measures.

Umar noted that Nigeria faces increasing risks from climate change, conflicts, pandemics, and technological hazards, stressing that disaster management must shift from reactive to proactive approaches.

She also announced the launch of two key policy frameworks — the NEMA Strategic Plan (2025–2029) and the National Disaster Risk Reduction Strategy (2025–2030) to guide future disaster preparedness and resilience-building efforts.

“These frameworks promote innovation in financing, institutional collaboration, and risk-informed development,” she said, adding that NEMA is developing a National Risk Monitoring and Information Platform to enhance early warning and data-driven decision-making.

She further called for innovative financing options, including catastrophe bonds, climate funds, and blended finance models, to sustain disaster prevention and recovery initiatives.

The event, which focused on building resilience against climate-related disasters, was attended by Vice President Kashim Shettima, Deputy Speaker of the House of Representatives Benjamin Kalu, Zamfara State Governor Dauda Lawal, lawmakers, and international partners.

The PUNCH reports that 238 persons have lost their lives, while 135,764 others have been displaced following floods that swept through parts of the country as of October 10, 2025, according to figures obtained from the National Emergency Management Agency’s 2025 Flood Dashboard on Saturday.

NEMA reports that at least 409,714 people have been affected so far, with 826 sustaining various degrees of injuries and 115 reported missing across the country.

Flood-related deaths were recorded in multiple states, bringing the nationwide death toll to 238.

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Dangote Cement begins Ivory Coast operations

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Dangote Cement has officially launched its operations in Attingué, some 30 kilometres from Abidjan, Ivory Coast.

According to a statement by the group on Sunday, the announcement was made on Wednesday by the Managing Director of Dangote Cement, Ivory Coast, Serge Gbotta, at the Novotel Abidjan-Marcory.

Covering an area of 50 hectares, the plant reportedly has a production capacity of 3 million tonnes of cement per year, making it one of the group’s largest facilities outside Nigeria.

“This strategic project, with an estimated investment of 100bn CFA francs, embodies Aliko Dangote’s vision of building a self-sufficient Africa that is less dependent on imports and capable of transforming its resources into world-class finished products.

“With this facility, Ivory Coast becomes the 11th African country to host a Dangote Cement production unit. The group, which has a total capacity of 55 million tonnes per year on the continent, intends to contribute to the development of Ivorian infrastructure and meet the growing demand for construction materials, driven by rapid urbanisation and major construction projects in the country.

“According to forecasts, the Attingué plant could generate more than 1,000 direct and indirect jobs. This represents a significant boost for young people in Ivory Coast, but also for the ecosystem of local SMEs – transporters, building tradespeople, retailers, suppliers and subcontractors,” the statement read partly.

At the launch of the facility, the Chief Executive Officer of Dangote Cement Ivory Coast said, “Our ambition is clear: to offer Ivorians internationally-standard cement, produced locally, at a competitive price. The Attingué plant is not just an industrial unit; it is a symbol of confidence in the future of Ivory Coast and a commitment to sustainable development alongside local communities.”

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Shettima pushes for proactive disaster preparedness over costly relief

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The Federal Government has called for increased investment in disaster preparedness and resilience mechanisms to reduce the impact of disasters in the country.

The government made the call on Monday at the 2025 International Day for Disaster Risk Reduction in Abuja, themed “Fund resilience, not disaster.”

The event also featured the unveiling of the National Emergency Management Agency Strategic Plan (2025–2029) and the National Disaster Risk Reduction Strategy (2025–2030).

The NEMA Strategic Plan and NDRRS are anchored on risk-informed development, innovation in financing, and stronger institutional collaboration, ensuring that disaster risk management becomes an integral part of planning across all sectors.

Over the years, Nigeria has continued to experience recurring floods, erosion, drought, and other climate-related emergencies that have destroyed farmlands, displaced thousands, and strained public resources. This growing vulnerability underscores the need for proactive measures and sustainable financing mechanisms to strengthen preparedness and build national resilience.

Speaking at the event, Vice President Kashim Shettima noted that it is wiser, cheaper, and more humane to prepare for disasters before they strike than to rebuild after they destroy.

Shettima said, “Every naira we spend today on preparedness saves many more tomorrow on response and recovery. Every investment in resilience is, in truth, an investment in the lives and futures of our people.

“We do not have to look far to understand this message. In recent years, we have seen floods wash away farmlands, erosion swallow roads, and fires raze markets that took years to build. These tragedies happen not in distant lands but in our own communities—to people we know, to families just like ours. Each of these disasters reminds us that if we fail to invest in resilience, we will continue to spend our scarce resources cleaning up after crises instead of building lasting prosperity.

“His Excellency, President Bola Tinubu, emphasises this need to treat resilience as a national policy. We are integrating disaster risk reduction into every sector—from agriculture and infrastructure to education and health—while expanding early warning systems to ensure that communities receive timely alerts before floods, droughts, or disease outbreaks occur.”

He stated that the government is strengthening state and local emergency management agencies through training, technology, and coordination support.

“We are developing a National Disaster Risk Financing Framework to guarantee that funding for prevention and preparedness is available when and where it is needed. And we are deepening partnerships with development partners, the private sector, and research institutions to drive innovation and resilience building at all levels.

“Commitment alone is not enough. We must match our words with action and our policies with funding. To fund resilience is to invest in drainage systems, not relief camps; to build stronger schools and hospitals, not temporary shelters; to support farmers with climate-smart tools, not just food aid after floods; and to train and equip our first responders before the sirens start to wail. This is the shift we must make—from reacting to crises to anticipating and preventing them.

“Yet resilience cannot be guaranteed by government alone. It is built by all of us. It is reflected in how we plan our cities, in how businesses protect their workers, and in how communities share information and look out for one another. This is why our private sector must see itself as a partner in prevention, embedding risk reduction into corporate planning and investment decisions,” he stated.

The VP also urged academia and research institutions to provide data-driven research for informed decision-making, and civil society to raise awareness and hold institutions accountable.

In her opening address, the Director-General of the National Emergency Management Agency, Mrs Zubaida Umar, called for a decisive shift from reactive disaster response to proactive resilience funding.

Umar said Nigeria, like many nations, continues to experience increasing frequency and intensity of disasters driven by climate change, conflicts, pandemics, and technological risks.

“These events are testing the limits of traditional emergency response systems and demanding a more proactive, preventive, and well-financed disaster risk management framework.

“This is why today’s dialogue is critical—to collectively rethink how we fund resilience; to move from reactive, ad-hoc funding of disasters to a multi-stakeholder financing architecture that supports prevention, preparedness, and sustainable recovery,” she said.

She highlighted that the focus is beyond emergency management institutions.

“Resilience must be mainstreamed across sectors—from agriculture, water resources, energy, and infrastructure to finance, education, and health.

“In this regard, NEMA is already working with key stakeholders to develop a National Risk Monitoring and Information Platform that will serve as a cross-sectoral system for early warning, vulnerability mapping, and risk-informed investment decisions. Equally important is the dialogue around innovative financing, exploring instruments such as catastrophe bonds, insurance pools, climate funds, and blended finance models that can sustain risk reduction efforts at scale,” she said.

In his remarks, Governor Dauda Lawal of Zamfara State emphasized the need for sustainable funding mechanisms and highlighted the interconnection between peace, preparedness, and resilience.

“For stability in funding during this catastrophic disaster, disaster management is not in a cube or box. Mechanisms for funding must be available, and it is an economic necessity.

“Therefore, preparedness and resilience must be funded deliberately,” Lawal said.

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Reps seek energy reform as Abbas declares petroleum week open

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The House of Representatives has renewed its commitment to full energy reform, urging the Federal Government and relevant stakeholders to overhaul the nation’s downstream petroleum sector to achieve efficiency in the sector.

Speaking on Monday at the First Annual Downstream Petroleum Week, organised by the House of Representatives Committee on Petroleum (Downstream), the Speaker, Tajudeen Abbas, said the energy sector holds the key to unlocking the nation’s economic growth and called for concerted efforts to reposition the entire industry.

The conference, held in partnership with the Federal Ministry of Petroleum Resources and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, brought together professionals, regulatory agencies, and industry leaders, including representatives of the Nigerian National Petroleum Company Limited and the Dangote Group.

Despite spending over $18bn for the turnaround maintenance of state-owned refineries in Port Harcourt, Kaduna, and Warri, Nigeria continues to rely on imported petroleum products, a challenge currently being addressed with the establishment of the Dangote Refinery.

A few months ago, the Group Chief Executive Officer of the NNPCL, Bayo Ojulari, hinted at the possible sale of the refineries, owing to their age and inability to meet the needs of energy consumers in the country.

He, however, revised himself, following criticisms mounted by the House of Representatives Committee on Petroleum Resources (Midstream), chaired by Hon Odianosen Okojie.

Declaring the event open, Abbas described the conference as a significant step in the nation’s quest for energy sufficiency and sustainability, saying, “Nigeria is at a critical point in its drive for industrialisation. This conference could not have come at a better time.

“Our duty as legislators is to provide the policies and oversight that will strengthen the downstream sector for a more secure, efficient, and resilient economy.”

According to the Speaker, the success of the downstream sector is anchored on improved infrastructure, stable policy, and local investment, especially in Liquefied Petroleum Gas and Compressed Natural Gas facilities.

He called for actionable solutions to energy security gaps, pipeline insecurity, pricing fluctuations, and the full implementation of the Petroleum Industry Act, 2021.

“This maiden Annual Downstream Week reflects our commitment to evidence-based policymaking and stakeholder engagement. We expect innovative ideas that can transform our downstream sector and move our economy forward,” Abbas said.

Speaking earlier, the Chairman, House Committee on Petroleum Resources (Downstream), Ikenga Ugochinyere, said the sector has, in the past few years, witnessed innovative changes which he said have rubbed off positively on the Nigerian economy.

He highlighted several ongoing projects across the country, including “The 650,000 barrels per day Dangote Refinery, the Waltersmith Modular Refinery in Imo State, expanding from 5,000 to 50,000 barrels per day; the OPAC Refinery in Delta State and the Indorama Petrochemical expansion, which is already enhancing fertiliser production and gas utilisation.

“The transformation we are witnessing is born of courage, clarity, and innovation. Our downstream sector is now more open, efficient, and ready for investment. Nigeria must refine what it produces and consume what it refines.”

Ugochinyere, who represents Ideato North/Ideato South Federal Constituency, Imo State, commended the Nigerian Upstream Petroleum Regulatory Commission for enforcing the Domestic Crude Oil Supply Obligation policy targeted at ensuring that local refineries have access to crude oil before export allocations are made.

“Progress must be matched with persistence. We must sustain investor confidence, create jobs, and strengthen our energy independence. This is how nations grow—by empowering local industries to produce, compete, and thrive.”

He urged labour unions to cooperate with the legislative and executive arms of government in their bid to revive the sector, adding that strikes have often done more harm than good.

“No reform can succeed without industrial harmony. While labour issues are inevitable, they must never be allowed to undermine productivity or national stability,” he cautioned.

He added that compliance with tax, safety, and environmental standards was not optional but a patriotic duty, even as he singled out the NMDPRA and NUPRC, among others, for praise for keeping the supply of petroleum products stable.

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