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Chinese Investors to Inject $150 Million into Multi-Sector Projects in Katsina StateBy Hassan Taiye

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Katsina State Governor, Malam Dikko Umaru Radda, has assured a visiting delegation of 25 Chinese investors of his administration’s unwavering support and cooperation as they prepare to invest in agriculture, energy, mechanization, and other key sectors of the state’s economy.

The Governor, who received the high-powered delegation today at Government House, Katsina, in the company of officials from the Nigerian Investment Promotion Commission (NIPC), expressed gratitude to the Commission for facilitating the visit.

He commended the investors for their seriousness and for choosing Katsina as a viable destination for investment.

Governor Radda described the group as “one of the most powerful teams of investors ever to visit Katsina,” noting that their decision to spend several days in the state clearly demonstrated their determination to contribute to job creation, economic growth, and improved living standards for the people.

“I want to assure you that the Katsina State Government is ready and willing to support you, to cooperate and partner with you, so that you can have a successful investment experience in our state. You will always have direct access to my office and the full backing of my administration to ensure these projects become a reality,” Governor Radda said.

He emphasized that the proposed investments would diversify the state’s economy, create thousands of jobs for young people, and significantly boost revenue generation.

The Governor urged the investors to finalize their plans quickly and return for full-scale operations, assuring them of all the necessary government support.

He also reaffirmed his administration’s readiness to work closely with NIPC and the investors to translate commitments into tangible results. “Katsina is open for business, and we are extending a hand of partnership to you. We look forward to seeing you return soon to begin these transformative investments,” he added.

Earlier, the Director of Strategic Services at NIPC, Mr. Abubakar Yarima, who represented the Executive Secretary, Ms. Aisha Rimi, commended Katsina State for its proactive engagement, hospitality, and professionalism in hosting the investors. He explained that, out of all the states contacted, Katsina and Jigawa were the first to respond positively, positioning Katsina as a key destination for the delegation.

Speaking on behalf of the investors, Mr. Dong Guoping, leader of the COVEC delegation, presented the team’s assessment and investment proposals following their three-day inspection tour of the state. He also facilitated engagements to help the investors understand the regulatory environment while showcasing Katsina’s vast investment opportunities through site visits across the state.

After their evaluation, COVEC and its partners committed to undertaking the following projects in Katsina State:

Development of 2,500 hectares at Sabke Dam for maize cultivation for livestock feed.

Establishment of a complete fisheries value chain on 380 hectares at Dabirang Dam.

Establishment of a leather processing factory.

Creation of an agricultural research institute focused on goat and cattle breeding.

Partnership with the state government to expand the Goat Breeding Centre at Ladanawa.

Establishment of a solar power products assembly plant.

Development of an agricultural commodities commercial centre.

Partnership with the government to establish the Katsina State Green Economic Zone.

The projects will require approximately 4,000 hectares of land, with an initial investment estimated at $150 million.

In his remarks, the Director-General of the Katsina Investment Promotion Agency (KIPA), Alhaji Ibrahim Tukur Jikamshi, explained that the delegation was taken on extensive site visits across the state. These included agricultural lands, water bodies, dams, and markets in Jibia, Sabke, Daura, Mashii, and Ladanawa, where soils were tested and facilities inspected.

According to him, the visits provided the investors with firsthand knowledge of Katsina’s agricultural and market potential, leading to concrete decisions on areas of immediate investment.

Those present at the meeting included the Chief of Staff to the Governor, Abdulkadir Nasir Mamman; Principal Private Secretary, Abdullahi Aliyu Turaji; and other top government officials.

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Economy

Nigerians to Pay More for Petrol as Fuel Prices Rise Nationwide

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By: Fabian Apechihin

Nigerians are facing yet another spike in fuel prices as premium motor spirit (petrol) now sells for between ₦905 and ₦945 per litre across several filling stations in Abuja.

Checks on Monday, October 6, 2025, revealed that Nigerian National Petroleum Company Limited (NNPCL) retail outlets, along with Empire, AA Rano, and Shema filling stations, adjusted their pump prices upwards. Empire Filling Station in Gwarimpa reportedly sold petrol at the highest rate of ₦945 per litre.

Other stations, including MRS, Emedeb, Ranoil, and Eterna, dispensed petrol between ₦885 and ₦910 per litre.

Marketers Blame PENGASSAN Strike for Price Surge
The Independent Petroleum Marketers Association of Nigeria (IPMAN) attributed the sudden hike to disruptions caused by last week’s strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

IPMAN President, Abubakar Maigandi, explained that the price increase was largely due to supply interruptions. He noted that stations receiving supplies from Dangote Refinery were still selling between ₦885 and ₦895 per litre, adding that prices were expected to stabilize soon.

“The feud between Dangote Refinery and PENGASSAN may have triggered panic buying and artificial scarcity. I can assure you that prices will drop and return to normal in the coming days,” Maigandi said.

IPMAN spokesperson Chinedu Ukadike also confirmed that the PENGASSAN strike caused temporary shortages in Lagos and Abuja but expressed optimism that availability would improve as supply chains normalize.

Depot Prices Edge Up
Depot prices have reportedly risen slightly, with Dangote Refinery selling petrol at ₦844 per litre, Ranoil and Aiteo at ₦845, and NIPCO at ₦850 in Lagos.

The fuel price increase comes just days after Dangote Refinery and PENGASSAN resolved their dispute over the alleged mass dismissal of Nigerian workers, which led to a two-day strike. Federal Government intervention helped broker peace between both parties.

Dangote Refinery later thanked President Bola Ahmed Tinubu and other mediators for their role in ending the strike.

Shettima, PENGASSAN Trade Words
Meanwhile, Vice President Kashim Shettima, speaking at the 31st Nigerian Economic Summit (NES31) on Monday, criticized PENGASSAN, declaring that “Nigeria is bigger than the union.”

In response, PENGASSAN President Festus Osifo countered, saying the country is also “bigger than Dangote Refinery and the presidency,” emphasizing the union’s commitment to protecting Nigerian workers’ rights.

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Economy

Tourism wearing a new face in Kwara: Commissioner

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  • Urges Kwarans, foreigners to embrace it Stephen Olufemi Oni, Ilorin

Kwara State Government has continued to showcase the beauty of culture and traditional assets and its uniqueness in the daily lives of the citizens, urging the people to embrace it for development.

The State Commissioner for Communications, Hon. Bolanle Olukoju, had earlier in a broadcast, enjoined the people of the State, at home and in the diaspora, to embrace tourism as a tool for developmental progress to sustain transformational growth in line with the policy thrust of Mallam AbdulRahman AbdulRazaq’s-led administration.

The Commissioner made the call to mark the 2025 World Tourism day with the theme, ‘Tourism and Sustainable Transformation’, as declared by the United Nation’s World Tourism Organization(UNWTO).

According to Olukoju, tourism is more than travel, it is actually a way of supporting people, culture, and the environment while driving economic growth, urging all and sundry to explore the various tourist sites around them.

“Tourism is not just travel, it is about building a future where every journey contributes to people, culture and planet, it is about hospitality that opens our heart and also helps to preserve our heritage and create opportunities for growth and development”, She said.

The Commissioner, who was delighted that the Ilorin Emirate Durbar was recently ranked among the top ten festivals in Nigeria, celebrated Hajia Faridah Shagaya, who was recognised among Africa’s top tourism personalities, describing the recognitions as sources of pride for the state.

She commended the administration of Governor AbdulRazaq for investing in tourism and hospitality, citing projects such as the Visual Arts Centre, Flower Garden, and Sugar Factory Film Studios, among others, as commendable efforts.

She also announced that this year’s celebration includes a roundtable with stakeholders to advance discussions on the future of tourism in Kwara State.

“Tourism is wearing a new face, from the Sugar Factory Film Studio, the Visual Arts Centre and the improved road network to Owu Waterfalls and many more which are evident of his work and is gradually opening Kwara to the World”, she added.

The Commissioner, who was represented at the event by the Director, Personnel, Finance and Supply, Hajia Salamat Yahaya, assured that tourism will continue to receive priority attention under the present administration and urged all stakeholders to support the ongoing efforts to make Kwara a leading destination for culture, heritage, and hospitality.

In her remarks, the Secretary, kwara State Hospitality and Tourism Development Board, Hajia Ramat Akanni, applauded the present administration for priority attention given to the Board.

Hajia Akanni expressed optimism towards an enviable tourism and hospitality driven state, which she assured, would attract prospective investors and enhance revenue generation for the state.

She sought support and utmost compliance from hoteliers and relevant stakeholders to achieve the desired goals, pointing out that violators will face the full wrath of the law.

Relevant stakeholders and participants at the one-day event later visited Sobi Hills and the Kwara Sugar Film Factory as part of activities marking the celebration.

End

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Economy

FAAN Rolls Out Cashless Payment System at Lagos, Abuja Airports

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By: Fabian Apechihin

The Federal Airports Authority of Nigeria (FAAN) has introduced a new contactless and cashless payment system, tagged Operation Go Cashless, in partnership with Paystack.

In a statement on Thursday, FAAN announced that the initiative will take effect from September 29, 2025, at Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja.

“Effective September 29, 2025, all payments at FAAN revenue points, including airport access gates, car parks, and FAAN VIP and protocol lounges, will go cashless. This means we will be phasing out cash collection at these points,” the statement read.

According to FAAN, the new system will provide travellers and airport users with faster, more seamless services through a secure, contactless platform. The agency explained that the shift responds to rising demand for modern, transparent payment methods and aligns Nigeria’s airports with global digital standards.

FAAN added that reducing cash handling will enhance efficiency, strengthen revenue assurance, and improve customer experience. It also noted that the cashless policy will be gradually extended to other airports nationwide.


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