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Senate Seeks Transparency in Lafarge Sale to Chinese Investors

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The Nigerian Senate has called for transparency in the ongoing negotiations involving the sale of Lafarge Cement Plc to Chinese investors. In a resolution passed on Thursday, lawmakers urged the Bureau of Public Enterprises (BPE) to ensure the divestment process protects Nigeria’s national security and economic sovereignty.....KINDLY READ THE FULL STORY HERE▶

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Senator Salisu Afolabi (Ogun-Central), who sponsored the motion, emphasized Lafarge Cement’s strategic importance in Nigeria, particularly in job creation, infrastructure development, and industrial growth. He expressed concerns about foreign dominance in a crucial sector, highlighting the potential risks posed by excessive foreign control.

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The deal in question involves Holcim AG, the majority shareholder in Lafarge Cement, planning to sell its 83.8% stake to Huaxin Cement Co., a Chinese cement manufacturer, for $1 billion. This sale, expected to be finalized in 2025, has raised alarms regarding capital flight, job losses, and regulatory challenges.

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While some senators argued that Nigeria’s free-market economy should allow any investor to participate, Senate President Godswill Akpabio clarified that the resolution was aimed at ensuring transparency, not obstructing the sale.

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The Senate directed its Committees on Capital Market, Trade, and Investment to oversee the deal and ensure compliance with the recommendations.

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Abia Govt Unveils Plan To Create 125,000 Jobs.

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Abia State Governor, Alex Otti, has reaffirmed his administration’s commitment to partnering with investors to drive development and generate employment opportunities across the state.....KINDLY READ THE FULL STORY HERE▶

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The governor made the statement at the Government House in Umuahia during the signing of a Memorandum of Understanding (MoU) for the development of the Aba Commercial Smart City, a project expected to create about 125,000 jobs.

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Represented by his Chief of Staff, Caleb Ajagba, Otti said the project would transform Aba and the wider Abia State into a major industrial hub, fostering sustainable economic growth and large-scale job creation upon completion.

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He emphasized that his administration prioritises the creation of quality employment over handouts, noting that meaningful jobs remain the most effective way to empower youths and citizens.

Senator Abaribe Responds to Deputy Senate President Jibrin Over Rejection of Motion on Nwosu's Immortalization

The governor also called for sustained public-private sector collaboration in the state’s development, citing the recent achievement of 90 days of uninterrupted power supply in Aba as a product of effective partnership between the government and private investors.

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Speaking on the project, the Manager of Technical Services for Aba Commercial Smart City, Mr. David Okoro, disclosed that the development would occupy 140 hectares of land in Osisioma and generate 25,000 direct jobs and 100,000 indirect jobs for residents of Abia State.

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Ogun Correctional Centre: 10 Inmates Secure Admission Into College Of Education.

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Ten inmates of the Old Abeokuta Custodial Centre in Ibara, Ogun State, have secured free admission into Yewa Central College of Education to study various academic programmes.....KINDLY READ THE FULL STORY HERE▶

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The beneficiaries, made up of seven males and three females, were admitted into courses including English Language/Social Studies, Economics/Social Studies, Political Science/Social Studies, Business Education, Physical and Health Education, Economics/Political Science, and Economics/Computer Science.

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Speaking at a matriculation ceremony held within the correctional facility on Friday, the Provost of the College, Dr. Mary Bamgbose, formally welcomed the inmates into the 2025/2026 academic session and urged them to maintain good conduct.

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She described the inmates as reformed and expressed confidence that they could become positive representatives of the institution after regaining their freedom.

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“Today, 10 inmates who have been corrected and reformed are being matriculated into Yewa Central College of Education. As you begin this journey on February 6, 2026, I urge you to conduct yourselves properly,” Bamgbose said.

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“As God is showing you mercy through this opportunity, I believe you can one day serve as good ambassadors of our college outside this system,” she added.

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Speaking on behalf of the new students, Peter Adike expressed gratitude and pledged that, despite their incarceration, they are determined to make the opportunity count.

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However, he noted that they still face challenges accessing essential learning resources such as teachers, textbooks, and classroom furniture.

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Sanwo-Olu Says Murtala Muhammed Set A Standard Nigeria Must Uphold.

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Lagos State Governor, Babajide Sanwo-Olu, has reflected on the lasting legacy of former Nigerian Head of State, General Murtala Ramat Muhammed, describing his leadership as a moral benchmark for public service, fifty years after his death.....KINDLY READ THE FULL STORY HERE▶

Senator Abaribe Responds to Deputy Senate President Jibrin Over Rejection of Motion on Nwosu's Immortalization

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