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Japan Lauds Nigeria’s Economic Reforms

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By Joseph INOKOTONG
Japan has applauded Nigeria’s effort in improving the business environment in the country and lauds the country’s Economic Recovery and Growth Plan (ERGP) which it described as the key to the revival of the country’s economy.
The country’s Parliamentary Vice Chairman for Foreign Affairs, Takei Shunsuke, who led a 32-man Joint Trade and Investment Mission to Nigeria, said in Abuja on Thursday that Japan is optimistic that economic relations between the two countries will be promoted by such initiatives by Nigerian government.
“We will like to praise Nigeria’s effort in improving the business environment by adopting the economic recovery and growth plan in March. I expect economic relations between our countries will be promoted by such Nigerian government efforts”, he said.
The Vice Minister said government’s determination in setting the Nigeria on a part of recovery and sustainable growth is one of the reasons Japanese companies have indicated strong interest in Nigeria. He therefore encouraged full implementation of the ERGP as it is key to the revival of the Nigerian economy.
The trade delegation had 12 private companies including trading houses, manufacturing, banks, insurance and relevant companies from all development sectors in Japan.
A statement signed Akpandem James, Media Adviser to the Minister quoted
Mr. Shunsuke as saying the Japanese trade delegation insisted on visiting Nigeria because Japanese companies strongly want to do business in Nigeria.
“According to a recent research on Japanese companies in Africa, they expressed positive thoughts on the considerable size of the Nigerian Market and the potential of Nigeria’s future economic growth”, he explained.
He emphasized development of key infrastructure particularly in the area of power and transportation which he said are crucial for economic investment and promotion. “We will like to strengthen our co-operation linking economic growth to such development and contribute to Nigeria’s sustainable economic and social development”.
In this regard, Japan offered to send a research mission for the recovery of the deteriorating power station in Apapa, Lagos because of its crucial importance of providing electricity to the major economic hub in Lagos. It also decided to provide $53 million as humanitarian assistance to internally displaced persons and refugees in the Lake Chad region, including the Nigeria’s North East region.
The Head of the Private Sector Delegation, who is also the CEO for Europe, Middle East and Africa of Bank of Tokyo-Mitsubishi UFJ Limited, Mr Masahiro Kuwahara, spoke in the same vein and said Nigeria provides the largest market for Japanese businesses in Africa and remains Japan’s largest business partner in the continent in the oil and gas sector.
 Budget and National Planning Minister, Senator Udoma Udo Udoma who received the delegation in his office in Abuja told the delegation that the ERGP outlines measures that will improve Nigeria’s global competitiveness and make it the pre-eminent destination for investors and businessmen wishing to do business with Africa.
He explained that Nigeria is an attractive place for investors interested in investing in the Sub-Saharan Africa because it is geographically well situated for inter-regional trade connections within the sub-region and the rest of the world.
The Minister said Nigeria has abundant human and natural resources to support investment and industry as well as a huge market to absorb products and services.
To facilitate ease of doing business in the country, Senator Udoma said government has embarked on a number of policy realignments and has set up the Presidential Ease of Doing Business Council (PEBEC) to drive and monitor the process.
Government is also embarking on massive infrastructure development, particularly in the areas of power, rail and roads, aimed at reducing cost of doing business as well as tackling insecurity to protect lives and investment across the country.
Minister of State in the Ministry, Mrs Zainab Ahmed, said the list of private sector companies in the delegation shows how important the Japanese government has taken investment potentials inherent in Nigeria. She also appreciated the country’s generosity in assisting in humanitarian efforts in the North east and the Lake Chad region.
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Umahi Inspects Lekki Corridor’s 7th Axial Road Project, Expresses Confidence in CHEC

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Minister of Works Senator Dave Umahi over the weekend inspected the progress of the 7th Axial Road project in the Lekki Corridor of Lagos.

The project, located behind the Dangote Refinery, is a crucial cargo handling route for the Lekki Deepwater Port and connects the Lekki Corridor with the Sagamu route.

The Minister expressed confidence in China Harbour Engineering Company Limited (CHEC), the project’s contractor, citing its successful delivery of the Lekki Deepwater Port and high-quality progress on the Makurdi-Enugu road reconstruction and expansion project. Umahi instructed that the roadbed filling work for Project LOT1 be completed by the end of April and directed the project team to accelerate resource input and tangible works to meet the deadline.

The 7th Axial Highway is expected to synergize with key infrastructure projects like the Coastal Road, Dangote Road, and Lekki Port, creating a comprehensive transportation hub model and boosting Nigeria’s port economy and industrial corridor. Umahi emphasized the need for environmental protection agencies to ensure efficient construction and steady progress while maintaining ecological safety.

A representative of CHEC who spoke during the inspection stated that the company would maintain a high level of resource input, implement the Minister’s directives, and coordinate safety, quality, and environmental protection to ensure the project’s timely and high-quality completion in other to unluck its port relief and regional economic benefits.

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Nestoil: Lagos CP dragged to court for contempt, risks imprisonment

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This is certainly not a good time for the Lagos State Police Commissioner, Mr. Moshood Jimoh as he has been dragged to court for commiting contempt by defying a clear court order that he and his men must not go near the business premises of Nestoil Group which belongs to Drawcok Estates LTD.

The fresh suit by Drawcok Estates LTD followed Monday’s deployment of over fifty armed police officers by Mr. Moshood Jimoh to seal off the business premises of Nestoil Group which belongs to Drawcok Estates LTD despite an order by Justice Ofili Ajumogobia.

Also, despite a directive by the federal government that police escorts be withdrawn from VIPs, Mr. Moshood Jimoh illegally allocated several police officers to be guarding Mr. Sulu Gambari, the self-acclaimed Receiver Manager which was appointed by a former judge that was handling the case, Justice Isaac Dipeolu.

Recall that Justice Daniel Osiagor of the Federal High Court in Ikoyi vacated all the orders made by Justice Isaac Deinde Dipeolu who wrongly appointed the Receiver Manager.

Meanwhile, dissatisfied with the action of the Lagos Police Commissioner, Drawcok Estates LTD yesterday filed a case of contempt against the Lagos State Commissioner of Police, Mr. Olohundare Jimoh Moshood (Contemnor) before a Federal High Court in Abuja.

In Suit No: FHC/ABJ/CS/2385/2025, the applicant wants Police Commissioner Moshood Jimoh to be found guilty of contempt of court and also be committed to prison unless he obeys the directives contained in Justice Ofili Ajumogobia’s Order of November 24, 2025.

Recall that Justice Ofili Ajumogobia had on November 24, 2025 ordered that the building in question belongs to Drawcok Estates LTD, adding that no police officer must be seen carrying out orders of the Lagos State Police Commissioner around the premises.

The Orders made by Justice Ofili Ajumogobia on November 24, 2025 in suit number FHC/ABJ/CS/2385/2025 were that:

The applicant has a right to own and possess her properties as mentioned in the addresses above as guaranteed by the 34 Constitution of the Federal Republic of Nigeria, 1999 as amended and the African Charter on Human and People’s Rights..

That the sealing-off and occupation of the applicant’s properties on the addresses mentioned above by the Respondents constitute an infringement on the right of the applicant to own property, as guaranteed by Sections 43 and 44 of the he Constitution of the Federal Republic of Nigeria, 1999 as amended.

That the Respondents, whether by themselves , their agents, agencies and servants, acting for it through them or any other person(s) howsoever described or claiming through them, to vacate the applicant’s properties on the addresses mentioned above, and deliver possession over to the applicant forthwith.

That the Respondents, whether by themselves, their agents, agencies, and servants, acting for or through them or any other person(s) howsoever described or claiming through them, to provide security for the applicant to take back possession of her properties on the addresses mentioned above.

That the Respondents is restrain, whether by themselves, their agents, agencies and servants, acting for or through them or any other person(s) howsoever described or claiming through them, from harassing the applicant and refusing her access to her properties on the addresses mentioned above.

Nigerian Concord Newspapers reporters that visited the business premises yesterday reported that pollice officers have been denying workers of several companies access to their offices located within the Nestoil building in Lagos on the order of Moshood Jimoh, despite a subsisting court order directing that they be allowed into the premises.

The affected workers had resumed duties following a court order delivered by Hon. Justice Ofili Ajumogobia of the Federal High Court, Abuja on November 24, which directed that they be granted access to their offices.

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Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

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By: Fabian Apechihin

The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.

A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.

The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.

According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.

While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.

“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.

Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.


Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?

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