Business
Okonjo-Iweala urges Nigeria to begin fossil fuel transition, pledges WTO’s trade assistance
Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has expressed the WTO’s willingness to assist the country in surmounting its trade challenges, boost its economy and increase its global share of commerce.
She also spoke on ARISE TV and urged Nigeria to begin to transit from fossil fuel as the world is moving to cleaner energy.
Okonjo-Iweala, on a visit to the country, said agriculture could also boost Nigeria’s share of African trade, currently at about 19 per cent.
She urged the country to exploit the huge potential in the African Continental Free Trade Agreement (AfCFTA) to increase its share of the world trade, stressing that Nigeria’s 0.33 per cent share of global trade is poor.
President Muhammadu Buhari, who received her at the Presidential Villa, Abuja on Monday, attributed her emergence as WTO DG to her past record of performance locally and internationally.
Speaking during separate visits to the Minister of Industry, Trade and Investment, Chief Adeniyi Adebayo, and his Finance, Budget and National Planning counterpart, Mrs. Zainab Ahmed, Okonjo-Iweala expressed WTO’s willingness to assist the country in surmounting limitations to trade in order to increase its global share of commerce.
To achieve that, the former minister for the Economy and Minister of Finance called for value addition to Nigeria’s huge agricultural products for export.
Speaking during separate visits to the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo and his Finance, Budget and National Planning counterpart, Mrs. Zainab Ahmed, the WTO DG said, “Nigeria’s share in world trade is 0.33 per cent. This is a very small fraction of what we could do. Our share in African trade is 19 per cent, a little bit higher and below our share of Africa GDP, which is almost a quarter of Africa’s GDP.
“What this means is that we can either look at it negatively or say it is a small portion of what world trade is, or we can turn it around and say it is a glass half full, optimistic side, and say that there is potential for us to do much more. That’s the message I want to convey to the country and Mr. President.
“This means we must step up our action on the economy. We must strive to do better and harder in several ways. The reason we are concerned about that is our youth. Majority of our population are young people who are looking for jobs.”
She added that trade could be instrumental to job creation and economic growth with value addition to products and good logistics to deliver trade.
Okonjo-Iweala further lamented that Nigeria currently ranks 103 out of 167 counties in terms of logistics.
Commending Nigeria for signing on to AfCFTA, the former minister noted that Nigeria accounts for 19 per cent of Africa’s trade, adding that the country could do much better.
The WTO DG called on Nigeria to urgently transit from fossil fuel to renewable energy, saying, “Before we know it, everywhere will be electric cars. So, not only because of trade, but it’s existential for us as a country that we begin to think about what we have.”
She also urged Nigerians not to despair over the current difficulties, adding that the focus should be to identify those areas where there was potential and turn the economy in that direction.
On the fossil fuel transition, she said, “The fact that fossil fuels are being phased out in the world as every country is announcing that as from 2025, 2030, 3040, they would no longer allow the use of fossil fuels; they would not allow cars that burn petrol and is all moving to electric cars and renewables.
“This is huge for the Nigerian economy. It means we’ve to begin thinking of the transition now. Gas is our transition fuel. Some of us are trying to argue for a little more time for countries that depend on gas to have a transition period.
“But it’s inevitably, the way the world is going, we’ve to transition out. And what does that mean? That means we’ve to start thinking what other sectors of the economy are going to bring in revenue to enable us to support imports and exports and create jobs because we’re very dependent on the oil and gas sector now.”
She said her visit was to thank the Federal Government and all Nigerians for the overwhelming support they gave her without which she would not have emerged as the WTO DG as well as to sort out where the organisation could support investments.
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Railway
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
NRC Cries Out as Vandals Strip Railway Tracks in Plateau, Bauchi
The Nigerian Railway Corporation has raised fresh concern over reported coordinated attacks on railway infrastructure in parts of the country, warning that the growing wave of vandalism may trigger fatal train accidents and undermine billions of naira invested in the rail sector.
The corporation said recent incidents recorded in Plateau and Bauchi states have exposed a dangerous trend of deliberate destruction and illegal removal of railway materials critical to safe train operations and national economic activities.
According to a statement issued by the Chief Public Relations Officer of the NRC, Callistus Unyimadu, one of the latest incidents occurred on May 21, 2026, when a truck loaded with suspected vandalised railway materials got stuck between Kuru and Science School in Plateau State, exposing the activities of criminal elements involved in the theft and illegal transportation of railway assets.
The NRC also disclosed that along the Zango axis in Bauchi State, between Kilometer 878 and 889, railway slippers were completely removed on both sides of a level crossing, leaving only a few disconnected rail components behind.
The corporation warned that the destruction of railway tracks, slippers, clips, fastenings and signalling materials poses grave danger to rail transportation, noting that such acts could lead to catastrophic train accidents, disruption of services, loss of lives and severe economic setbacks.
Describing the development as an attack on critical national infrastructure and public safety, the Managing Director and Chief Executive Officer of the NRC, Kayode Opeifa, condemned the persistent vandalism, saying it amounted to sabotage against national progress.
He noted that the increasing incidents across the North Central and North East railway corridors indicate an alarming pattern requiring urgent intervention from security agencies, state governments, traditional rulers, community leaders and residents living along rail lines.
Opeifa appealed to Nigerians to regard railway infrastructure as a strategic national asset built with taxpayers’ money to support transportation, trade and economic growth, stressing that such facilities should not be reduced to scraps for illegal business activities.
He warned vandals, scrap dealers and other individuals involved in the unlawful purchase, destruction or movement of railway materials to desist immediately or face prosecution.
The corporation further called on security agencies to strengthen surveillance and enforcement operations around railway corridors nationwide, while urging members of the public to remain vigilant and promptly report suspicious activities around railway facilities.
The NRC urged Nigerians to join hands in protecting railway infrastructure, insisting that the nation’s rail system remains too important to be left vulnerable to criminal attacks.
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Railway
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
Sallah Rush: NRC Adds Extra Lagos-Ibadan Train Trips, Osun Sponsors Free Rail Service
The Nigerian Railway Corporation has announced additional train services on the busy Lagos–Ibadan corridor ahead of the Sallah celebration, citing an anticipated surge in passenger traffic during the festive period.
In a statement signed by the Corporation’s Chief Public Relations Officer, Callistus Unyimadu, the rail operator said six train trips would operate on Tuesday, May 26, 2026, instead of the regular four trips currently running on the Lagos–Ibadan Train Service (LITS) route.
According to the NRC management, the temporary increase is aimed at easing movement for Nigerians travelling to celebrate Sallah with their families and loved ones.
Under the special arrangement, trains will depart from the Lagos end at 7:45am, 1:40pm and 4:00pm, while departures from Ibadan are scheduled for 8:00am, 10:50am and 4:30pm.
The corporation stressed that the expanded operations are only for the Sallah travel window, noting that the normal four-trip Tuesday timetable would resume immediately after the festivities.
It also disclosed that the recently introduced six-trip Thursday operations on the corridor would be temporarily scaled down next week, with only four trips scheduled for Thursday, May 28, during the review period. The regular Thursday six-trip schedule will return the following week.
Meanwhile, the Osun State Government is set to operate its annual free Sallah train service on the NRC narrow gauge line for indigenes travelling home for the celebration in Osogbo.
The special train service will depart from Iddo Station in Lagos on Tuesday, May 26, while the return journey from Osogbo to Lagos is scheduled for Thursday, May 28.
NRC explained that the service, traditionally provided during festive seasons, is being sponsored by the Osun State Government through a paid partnership with the Corporation to enable Osun indigenes travel free of charge for the Sallah celebration.
The management reaffirmed the corporation’s commitment to providing safe, efficient and reliable rail transport services across the country, while wishing Nigerians a peaceful and memorable Sallah celebration.
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Auto
Jetour T2 Earns Top Global Safety Rating, Intensifies SUV Battle in Nigeria
Jetour T2 Earns Top Global Safety Rating, Intensifies SUV Battle in Nigeria
Jetour has thrown down the gauntlet in Nigeria’s increasingly competitive SUV market after its rugged T2 model secured the coveted NCAP 5-Star safety rating — a global benchmark regarded as the highest standard in crash protection and accident avoidance technology.
The achievement is expected to boost the brand’s appeal among Nigerian motorists seeking tough, family-oriented SUVs that combine advanced safety, luxury and off-road capability for the country’s challenging road conditions.
Jetour Nigeria discloses this in a statement, stressing that it is backing the T2 with a growing nationwide dealership and after-sales support network, including trained technicians, genuine spare parts, structured maintenance plans and warranty coverage aimed at boosting long-term ownership confidence.
Positioned as a bold “super SUV,” the Jetour T2 was designed specifically with Nigerian driving conditions in mind, according to the automaker.
In a country where motorists often encounter congested urban roads, long-distance highways and rough rural terrain within the same trip, the T2 is engineered to adapt seamlessly to changing environments.
Safety is seen as one of the vehicle’s strongest selling points. The SUV comes equipped with a comprehensive airbag system, SRS airbags, parking sensors, rear camera and surround-view monitor.
It also features advanced driver-assistance technologies such as Anti-lock Braking System, Emergency Braking Assist and Auto-Brake Assist, which help detect potential collisions and automatically apply braking when necessary.
Beyond safety, the T2 projects a muscular and commanding presence aimed at drivers looking for both ruggedness and refinement.
Jetour says the SUV was built to offer confidence for daily commuting while remaining capable enough for off-road adventures.
Inside, the cabin combines premium comfort with practical space. Measuring 4,785mm in length, 2,006mm in width and 1,880mm in height, the SUV offers generous legroom and headroom for occupants, making it suitable for long-distance travel and family use.
Under the hood, the T2 is powered by a 2.0-litre turbocharged engine delivering 187kW (254hp) and 390Nm of torque.
Paired with a 7-speed dual-clutch transmission, the setup provides strong acceleration, smooth overtaking capability and enough power to tackle steep inclines and demanding terrains.
A major highlight of the SUV is its advanced multi-terrain capability. The T2 features a BorgWarner sixth-generation four-wheel-drive system and XWD automatic intelligent drivetrain.
Multiple drive modes — including Sport, Eco, Normal, Mud, Rock and X Smart — allow the vehicle to adjust to varying road conditions ranging from muddy rural tracks to sandy and rocky surfaces.
Technology and convenience also feature prominently in the package. A 15.6-inch LCD touchscreen serves as the hub for infotainment, vehicle diagnostics and off-road information.
Apple CarPlay, Android Auto, Bluetooth connectivity, intelligent voice commands, cruise control and crawl control are integrated to enhance the driving experience.
Additional features such as remote start, push-button ignition, lane departure warning and blind-spot detection further improve convenience and safety for drivers.
With the T2, Jetour is seeking to position itself as a brand that understands the realities of Nigerian roads and the increasing appetite among motorists for SUVs that combine adventure, luxury and safety without compromise.
Jetour Nigeria specifically lists its accredited dealers spread across the country as Elizade Nigeria Limited, New Era AutoVehicle Services Limited, Kojo Motors, Germaine Auto Centre, Tab Autos Limited, R. T. Briscoe Motors and Mandilas Autos.
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