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Rivers oil tragedy: 37 die from toxic fumes

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About 37 persons have reportedly died after inhaling fumes from a petroleum product at a jetty in Okrika Local Government Area of Rivers State.

The incident occurred on Thursday at the Okari Jetty in the Okrika Mainland area, where youths from Okrika and neighbouring communities had reportedly gathered to load a petroleum product from an illegal tapping point.

Many others were said to be missing following the incident, which occurred in the mainly coastal community.

A source in the community told our reporter that more than 100 persons had stormed the jetty with locally made boats while a vessel was anchored at the riverside to load petroleum products.

The source said trouble started while the youths were loading the product, as a strong smell suddenly saturated the air, causing several of them to collapse.

“Many of them collapsed into the river, while others who managed to escape the scene had serious respiratory disorders and were being treated at the hospital.

“As I speak to you, over 37 bodies were identified as Okrika people, while six others were yet to be identified and many are still missing,” the source, who pleaded anonymity, said.

The Youths and Environmental Advocacy Centre also confirmed the incident, saying its network of youth volunteers and human rights defenders in the Niger Delta had reported that no fewer than 37 persons suspected of involvement in illegal oil activities died after inhaling what was locally referred to as “Indorama fuel.”

The Executive Director of YEAC-Nigeria, Dr Fyneface Dumnamene, said in a statement that the incident occurred at about midnight on Thursday at the Okari Jetty.

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“According to the report, no fewer than 37 persons suspected to be oil thieves died after inhaling what is locally called ‘Indorama Fuel.’

“Many others are still missing. The incident occurred during the illegal loading of the product into a ship at a tapping point,” he said.

Dumnamene said the victims had connected a pipe to a tapping point on a pipeline that transported petroleum products from the Indorama Eleme Petrochemical through the Port Harcourt Refinery to vessels that reportedly came every two weeks to load products for export.

He added that the youths inhaled the product while a vessel was loading and they were simultaneously loading it into their waiting boats from the illegal tapping point.

“This led to the death of not fewer than 37 persons. Many are still missing, and some corpses have been seen floating on the river but have not yet been recovered,” he stated.

Dumnamene called on the National Oil Spill Detection and Response Agency to immediately conduct a joint investigation visit to the site of the incident.

He also urged the company that owned the vandalised facilities to provide adequate security for its pipelines to prevent a recurrence.

The YEAC-Nigeria boss condemned the alleged sabotage, warning youths to stay away from oil and gas infrastructure because of the dangers associated with high-pressure pipelines.

He also called for alternative livelihood opportunities for youths in the Niger Delta, including the establishment of modular refineries and the legalisation of artisanal refining.

When contacted, the spokesperson for the Rivers State Police Command, Blessing Agabe, confirmed the incident and said the victims were reportedly attempting to steal crude oil.

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Agabe, an Assistant Superintendent of Police, said no official complaint had been lodged with the command but added that an investigation had commenced.

“The suspects reportedly died in the process of attempting to steal crude oil. However, no official complaint has been received in connection with the incident at this time.

“Investigation is ongoing to establish the circumstances surrounding the incident and ascertain the facts,” the police spokesperson stated.

However, the Commander of the Civilian JTF in Okrika LGA, Igwe Godswill, gave a different account of the incident, saying the victims had gone to scoop petroleum products that had spilled into the river when they were allegedly overwhelmed by fumes from a vessel loading products at the jetty.

Godswill described the incident as tragic, saying most of the victims were youths searching for means of livelihood amid a lack of employment opportunities.

“It is so pathetic that this incident is happening in our community. These are young guys who have gone to search for their daily bread, only for the fumes from the fuel that was pumped to kill so many of our youths under the bridge.

“Many of them were choked to death. These are not criminals or anything, but they went out in search of their daily meal. I am advising the community, the leaders and every other person that we need legitimate jobs in the community.

“These things are risky, but when you cannot feed your children, most times, those risky jobs become the only option,” Godswill stated.

He explained that the victims had gone to scoop petroleum products floating on the water when they were overcome by fumes from a vessel loading petroleum products at the jetty.

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Godswill, however, said about 10 bodies had been recovered, adding that only some of the victims could be identified because of the condition of their remains.

He said, “We saw about 10 of them. Four were still unrecognisable, while four persons were identified. The rest could not be identified because their bodies were badly damaged and their faces were severely affected.”

The Civilian JTF commander called on the Rivers State Government, community leaders and other relevant authorities to create employment opportunities for youths in the area to discourage them from engaging in dangerous activities.

“I am calling on the relevant authorities, community leaders, the chairman and every other person to look into this. It is not enough to stop them because, yes, it is a risky job, but they should create jobs for the youths so that everybody will have something to eat.

“Something that can put food on the tables of these young men, the youths and every other person. I can tell you for free that it will not just stop because when that source is the only livelihood, people will still go there.

“Even as of yesterday, people still went there, despite the fact that we had confirmed that people had died from the same activity. So, we are calling on the leaders to look into it and see how they can create job opportunities, especially for the youths,” Godswill added.

Source: punchng.com

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IMF warns poverty risks persist despite Nigeria’s economic stability

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The International Monetary Fund has warned that rising prices of essential goods could worsen poverty and food insecurity in Nigeria despite improvements in the country’s macroeconomic stability and favourable external trade conditions.

The IMF disclosed this in its October 2026 World Economic Outlook report, titled ‘Resilience Under Strain, Urgent Choices’, published on Tuesday, highlighting the growing disconnect between improvements in economic indicators and the living conditions of vulnerable households.

“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the Fund stated.

The assessment suggests that Nigeria’s recent economic stabilisation efforts have strengthened its economic outlook but have yet to eliminate the pressures facing households, particularly those struggling with the rising cost of food and other basic necessities.

According to the IMF, Nigeria is among the larger economies in sub-Saharan Africa benefiting from earlier stabilisation measures and economic reforms, although the region remains exposed to commodity price volatility, climate shocks and limited access to external financing.

The report projected that economic growth in sub-Saharan Africa would remain stable at 4.5 per cent in 2026, reflecting differences in policy implementation, fiscal capacity and exposure to global economic disruptions.

It stated, “Growth in sub-Saharan Africa is expected to remain stable at 4.5 per cent in 2026, though this masks some substantial divergence across countries.”

The IMF explained that while oil-importing and non-resource-intensive economies were facing greater pressure from rising energy and food prices, some larger economies were benefiting from earlier reforms and improved economic conditions.

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Nigeria’s favourable terms-of-trade position provides some support to economic activity, particularly amid changes in international commodity prices.

However, the Fund’s assessment indicates that stronger macroeconomic fundamentals do not automatically translate into improved household welfare, especially when the cost of essential commodities continues to rise.

The report also identified declining official development assistance and limited participation in the global artificial intelligence investment boom as challenges facing several African economies.

The IMF’s country-specific projections showed that Nigeria’s economy is expected to expand by 4.2 per cent in 2026, compared with an estimated 4.0 per cent in 2025, before accelerating to 4.3 per cent in 2027.

The 2026 forecast represents an upward revision of 0.1 percentage point from the Fund’s April projection, while the 2027 estimate was also raised by 0.1 percentage point.

On inflation, the IMF projected that Nigeria’s average consumer price inflation would decline from 23.0 per cent in 2025 to 15.6 per cent in 2026 and 14.7 per cent in 2027.

The report also projected Nigeria’s current account surplus at 7.0 per cent of Gross Domestic Product in 2026, compared with 4.8 per cent in 2025, before moderating to 4.4 per cent in 2027.

These projections suggest a stronger external position in 2026, although the expected decline in the surplus next year points to a moderation in external balances.

The IMF further warned that persistent geopolitical tensions, higher food and energy prices and tighter global financing conditions could undermine economic growth, particularly in developing countries.

It stated, “Risks are skewed to the downside,” identifying a prolonged Middle East conflict and further disruptions to energy infrastructure as potential threats to global economic stability.

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To cushion vulnerable households, the Fund recommended temporary and targeted financial support rather than broad measures that could undermine fiscal sustainability.

It said governments should “rely primarily on temporary, targeted income support for the most vulnerable,” while strengthening social protection systems to respond more effectively to future economic shocks.

PUNCH Online earlier reported that Nigeria recorded the world’s largest increase in the number of people living in multidimensional poverty, with an additional 17.9 million Nigerians falling into poverty between 2021 and 2024, according to the 2026 Global Multidimensional Poverty Index.

The report, published on Monday by the United Nations Development Programme and the Oxford Poverty and Human Development Initiative, showed that Nigeria experienced a reversal in poverty reduction after recording improvements between 2018 and 2021.

The findings placed Nigeria ahead of Afghanistan, which recorded an increase of 5.3 million poor people during its latest assessment period.

Source: punchng.com

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Indonesia promises Nigerian investors special incentives

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Indonesia has promised special privileges and incentives to Nigerian investors looking to set up businesses in Southeast Asia, including potential tax benefits and preferential treatment for investment-related processes.

A senior trade analyst with Indonesia’s trade promotion authorities, Iska Huberta Sinural, disclosed this on Tuesday, while addressing journalists from Nigeria in Jakarta ahead of the 41st Trade Expo Indonesia, saying the country was seeking to deepen its commercial relationship with Nigeria through increased trade, investment and business partnerships.

Sinural said Nigerian investors could explore opportunities in Indonesia, adding that investment-related incentives could include tax benefits and other forms of preferential treatment.

“There will be special treatment actually when you have to invest here. For the investment, we will give special or privilege. The visa for investors will be a bit different.

“The tax and also other things will be incentives,” she said.

According to Sinurat, Nigeria has consistently ranked among the leading countries whose buyers and visitors participate in the annual Indonesian trade exhibition, making it an important market for the country’s exporters.

She said Nigeria ranked fourth among buyers in 2022, third in 2024 and fourth in 2025, while its position among the top five buyers had been relatively consistent over the years.

“We have data on every time you come here to do some business and we also do some trade mission to your country,” she said.

The 41st Trade Expo, 2926, will Kickstart Wednesday October 14, till 18. The Trade Expo Indonesia is intended to bring together exporters, international buyers, investors and government representatives to facilitate commercial transactions and develop partnerships across multiple sectors.

Sinural speaking further, said, Indonesia was seeking to move beyond conventional buyer-seller transactions to establish longer-term partnerships, including investments by Nigerian businesses in Indonesian manufacturing, agriculture and other sectors.

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“I mean, this is bilateral. It’s not always you buying from us, you can also invest in us. We also welcome you to introduce us to your product,” she said.

She argued that Nigerian investments in Indonesia could help businesses secure more reliable access to products, reduce the difficulties associated with shipping and build closer links with Indonesian manufacturers.

“The option of shipping, is a bit hard. So why don’t you invest here? And then it will be easy for us to get the products when you invest here,” she said.

Sinurat added that Indonesia could offer competitive labour and access to agricultural resources, while investors could explore opportunities to manufacture goods for the Nigerian market.

The trade analyst also encouraged Nigerian businesses to introduce locally produced food and beverages to Indonesian consumers, suggesting that product adaptation and cultural exchange could help Nigerian brands gain acceptance.

“For us to understand ourselves better, I guess one of the key points to explore is export things from Nigeria to Indonesia like food, beverages,” she said.

She added that Nigerian businesses could introduce speciality foods, coffee and beverages while adapting flavours, packaging and product sizes to Indonesian preferences.

Sinural said Indonesia was also interested in attracting Nigerian investors into sectors beyond merchandise trade, particularly where long-term partnerships could generate economic benefits for both countries.

Sinural said the 2026 Trade Expo Indonesia had exceeded its initial exhibitor target, with about 1,600 exhibitors registered against a target of 1,500.

She said the transaction target for this year’s exhibition was $17.5bn, compared with $16bn set for the previous edition.

She explained that the objective was not limited to increasing transaction values but also to attracting buyers from a wider range of countries, strengthening business networks and encouraging investment in Indonesia.

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“It’s not only to have the transaction, but also to have a relationship and we also hope, in this condition, that more investments can be made during this trade expo in Indonesia,” she said.

Sinurat said the organisers were particularly interested in expanding participation from non-traditional markets in Asia, Africa and the Middle East.

She added that invitations had been extended to at least 30 countries as Indonesia sought to strengthen government-to-government engagement alongside business-to-business transactions.

“This year, actually, we sent an invitation to at least 30 countries. Because this year, we want to have a government G2G relationship,” she said.

The exhibition’s major sectors include food, beverages and agricultural products; manufacturing; industrial estates and services; fashion and handicrafts; and furniture and home décor.

On his part, the Export Enhancement Division representative of the Indonesian Chamber of Commerce and Industry, Muhammad Alpvy, said there was considerable untapped potential in trade and investment between Indonesia and African countries, including Nigeria.

Alpvy, said Indonesia was seeking to expand exports beyond existing product categories and strengthen cooperation in food processing, agricultural commodities, furniture, manufacturing and renewable energy.

He said Nigerian businesses could explore opportunities in Indonesia while Indonesian companies could also establish manufacturing operations in Nigeria, creating a more sustainable commercial relationship.

According to him, trade between the two countries could expand significantly if the growing number of Nigerian visitors and business delegations translated into more concrete transactions and investment agreements.

Alpvy, estimated that Nigeria’s delegation to Indonesia had grown from between 100 and 150 participants in the previous year to about 250 in 2026, representing an increase of approximately 40 per cent based on the figures he cited.

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He said the larger delegation presented an opportunity to expand transactions, although the actual value would depend on the products involved, the quantities purchased and the agreements concluded.

Alpvy, said Nigeria and Indonesia could also strengthen cooperation in palm oil, rubber products, healthcare manufacturing, agricultural processing and renewable energy.

He identified shipping costs and trade barriers as factors that could limit the expansion of bilateral commerce between Nigeria and Indonesia, adding that investment and local manufacturing arrangements could help businesses overcome some of the difficulties associated with direct exports.

“I believe some of the African countries already have this kind of trade agreements with Indonesia, but still ongoing,” he said.

Encouraging Nigeria to make its trade process less cumbersome while he stressed that tariffs and shipping costs were among the areas requiring further attention.

Alpvy, also highlighted opportunities in waste management and green energy, including the conversion of agricultural and animal waste into alternatives to coal.

He said Nigerian and Indonesian businesses had previously discussed cooperation in renewable energy and the establishment of factories, but further discussions were needed to determine the appropriate investment arrangements.

“First thing first about the investment is to make the format, how we can collaborate,” he said.

Alpvy, urged Nigerian investors to consider Indonesia as a destination for long-term business partnerships, while encouraging Indonesian companies to explore opportunities in Nigeria.

He said both countries stood to benefit from cooperation that went beyond seasonal trading and focused on sustained investment, local production and technology transfer.

Source: punchng.com

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Musk spends $276m backing Republicans in midterms — Report reveals

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Tech billionaire Elon Musk, the world’s richest man, has contributed $276 million to organisations boosting the campaigns of right-wing American candidates ahead of upcoming midterm elections, US media reported Monday.

The sum, all contributed since July, positions Musk as the largest single donor for the November 3 elections, according to the New York Times. He has spent a total of $366 million this election cycle.

The largest funding recipient was the Republican’s Senate Leadership Fund, receiving $158 million, aimed at maintaining the party’s control of the upper house of Congress despite a slim margin.

The SpaceX and Tesla boss is no stranger to massive US election spending, having contributed $`290 million in 2024 to help US President Donald Trump win reelection.

Trump allowed Musk to work in the White House for several months overseeing his cost-cutting Department of Government Efficiency (DOGE) venture, but exited the role after a public falling out with the president.

They’ve since reconciled, and Trump awarded Musk the National Medal of Science at an event in DC last week.

Though individual campaign donations in the United States are capped at `$3,300 per person, loopholes in the US campaign finance system allow political mega donors to contribute to funds known as political action committees or “PACs,” which support candidates.

Musk donated $76 million this summer to his own America PAC, the New York Times reported.

Other recipients of Musk’s political funding include $20 million to the Republican’s Congressional Leadership Fund, $10 million each to the Republican Governors Association and the Lone Star Liberty PAC, and $2 million to the Republican Attorneys General Association.

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AFP

Source: punchng.com

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