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The Tank Farm/Satellite Town Saga:
……The True Story
The Festering story of the Satellite Town and Tank Farm are not getting abated, if the truth must be told. Banters and expansions on the raging matter were espoused by opposing parties on the issues, and the interesting conclusion is that both parties have now agreed on a Mutual and Consolidated Agreement to move on and make things Workable in the interest of Peace, Harmony and Progress.
Residents of a largely populated area in satellite town area of Lagos state, have cried out to the Lagos state Government to come out to their aid on the activities of Tank farm in their immediate vicinity.
The residents made up mainly of all the Estates, roads and close accessed through the old, worn-out, frail, rocky and gully road of the area linked to old Ojo Road, Wobbly Navy Road, and the uncharted shell-Abule Osun Road, with the broken steps and ridges and water collectors interior, are gathered here at the closest level of government.
They are bemoaning their state of desolation and now earnestly drawing the attention of the government to the very appalling and deplorable situation of their Community.
Their groves rise from the operation of a disparate group of over 50 Tank farms operated by 13 marketing Companies.
This ugly situation led to a massive protest by the residents who trooped out on Tuesday ,July 9, 2019 to condemn what they describe as unwarranted invasion of their community by the oil company. They therefore insisted that the operators should relocate their companies to another area as the current is becoming inhabitable due to environmental pollution ravaging the community.
According to the chairman, Satellite Town Forum, Mr. Michael Imitinl, all government agencies should plan well before approving location of facilities in areas to avoid ugly situation in future just like what is happening in the Niger Delta.
However, we also heared the side of Tank Farms via the secretary, Ijegun-Egba Tank Farms Owners/ Operators, Satellite Town, Lagos Barrister Eslist Eslist who explained, ‘What is essential is that, whatever we discussed at inception of the relationship is that both parties should adhere to the black and white of the deal.
We don’t have issue, their demand are roads, infrastructural deficit which civil construction are going on at Pioneer Road, the road will be fully rehabilitated. Before our company starts operation at Satellite Town, we have to pass through Marwa Road, every collapsed portion in that area has been rehabilitated by our Tank Farm is 3.8 km road beginning of Marwa Road down to the end is long term measure with expansion and the drainage. The issue of flooding whatever concerns the community also concerns us. We want to take water out of the Community down to the lagoon. Work is in progress and the engineer in charge is the Nigerian Army Construction Company . Eventually, whatever that is affecting the community in terms of drainage, water and flooding has been addressed. An expansion of the road is on going which will be completed soon. What we need from the community is cooperation in terms of relationship. As a corporate organization, enjoying good relationship with the community people is our priority.
We have had several meetings and the most important thing is whether the work we promised has commenced or not. Yes, it has commenced, and they are seeing it going on smoothly, and this is why we are appealing to the Community to be patient as the work goes on. We are on the job, and will not abandon the job half-way until it is finished beyond logical conclusion. Above this, our presence, whether you like it or not, has made this community a better one in the eyes of the external world, and we are even making moves to make satellite Town/ Ijegun Egba Community more attractive. It is only good for our Company, not the Hearken to the needs of the Community and we are ever ready to give them what they most desired as part of our Corporate Social Responsibility. We have a cordial relationship with the Community, and it is only a foolish businessman that will operate in a hostile environment, especially when people around him are unhappy. They believe that Tank farm will turn the place into an economic zone, and the Government will be easily attracted to the Community. That is why the LASG has been sending their Interventional team to establish a fire- fighting unity in the Community, just as Tank Farms has established its own fire combating outfit, which can also serve the Community, in case of any unexpected fire outbreak.
We are not here illegally we are here Legitimately, and all Companies are duly approved and licensed by Government, so whatever we are doing here is backed by law, and we can only add value to the surrounding Communities by giving them what they lack, by way of Amenities.
On whatever there were prior meetings between firms and the Community, it was ascertained that several meeting were held between both parties and those meetings ended
in mutual agreement of how the company and the Community can move forward in terms of community development and Corporate Social Responsibility on the part of Tank Farm.
Also, the coordinator, Ijegun- Egba Tank farms owners and Operators Association, Alhaji Ibrahim Muhammed corroborated the earlier speaker.
He said, we have met with the Community severally, and we have briefed them on the work that is going on which they readily saw and identified. Actually, we are supposed to have started earlier than this, but because of the rain, we had to start in May, and hopefully, when the rain subsides, we should be through with the work by the end of September, all things being equal why the work has not been progressing is because of the weather; if not so the work should have been completed since but that is not an excuse for us. We can only hope that the Community will bear with us, even as they can see that work is going on steadily and in no time, they will begin to enjoy the goodies of the job.
Another issue is that of misplacement of trust among the various parties involved. Many meetings were called and invitation sent to the community to address the main issue, only for the Community to renege and give them their own condition, which was to come and meet them at their own behest, with express permission and approval from their directors. They are however waiting for another meeting that can be mutually fixed and issues settled amicably. As for the Tank Farm, they have been job opportunities for the community, and this will not stop because as long as the inhabitants are gainfully employed, the Tank farms will also be greatly rewarded by what the people are giving back to them. So it is a gain-gain situation for the two parties. Tank farms and satellite town entities. Good enough, all the Tank farms have now come together as one body to come as a positive Form in aid of the Community, and this is a good signal for good things to come which include,
medical facility, education, social amenities that will further raise the standard of the satellite town Community. This will be coming as a collective responsibility of the Tank farmers and the host Community.
…….GDP rose 4.43 per cent in Q2
President Bola Ahmed Tinubu yesterday assured Nigerians that his administration would intensify efforts to translate improving economic indicators into better living conditions. NigerianBusiness Directory
He declared that the economy is now on an “irreversible path” towards growth that households will feel at their dining tables and in their pockets.
The President said the Federal Government would, within the next few weeks, introduce measures targeted at vulnerable Nigerians, including cheaper means of transportation, increased food production and relief programmes designed to directly reach people at the grassroots.
Tinubu gave the assurances in his reaction to the latest Gross Domestic Product (GDP) figures released yesterday by the National Bureau of Statistics (NBS).
The report shows that the Nigerian economy grew by 4.43 per cent in the second quarter of 2026, compared with 4.23 per cent recorded in the corresponding quarter of 2025. NigerianBusiness Directory
The President welcomed the figures as further evidence that the economic reforms undertaken by his administration since May 2023 were yielding results, according to a statement by his spokesman, Bayo Onanuga.
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“Under our watch, the economy is on the irreversible path to experience even more growth that all homes will feel at the dining table and in their pockets. We are not resting on our oars.
“We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens. We must stay vigilant by ensuring the sustainable progress we are recording remains irreversible,” Tinubu said.
According to the NBS report, growth was recorded across agriculture, manufacturing, oil and gas, and services, with the services sector maintaining its position as the largest contributor to aggregate GDP.
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In nominal terms, Nigeria’s aggregate GDP rose to N119.27 trillion in the second quarter, representing an 18.43 per cent increase from the N100.7 trillion recorded in the corresponding period of 2025.
Tinubu said his administration had spent the past three years taking difficult decisions necessary to stabilise the economy.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy.
“Now the economy is stabilised, and we have laid the foundation for a prosperous nation. We didn’t do the reforms to create challenges, but to ensure prosperity reaches all our people,” he said.
The President said the latest growth figures were among a series of indicators showing that his Renewed Hope Agenda was working, pointing to improvements in the country’s external reserves, trade position, credit ratings, infrastructure development and oil and gas production.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working. Because of those tough decisions, today Nigeria has trade surpluses. Our foreign reserves are at their highest in 17 years. Our credit rating has moved up several notches.
“We are building roads, railways and superhighways that will last for a long time. Investors who left are returning. Oil and gas production is increasing,” Tinubu said.
He also cited developments in the education sector as evidence of progress, saying Nigerian universities had enjoyed stability while the Nigerian Education Loan Fund (NELFUND) was expanding access to tertiary education.
“And in our universities, for the first time in a long time, there are no strikes. Our children are in class. And through NELFUND, student loans are putting education within reach, and affordable credit is going to our civil servants through Creditcorp,” he said.
The President said the next phase of the administration’s intervention would place greater emphasis on alleviating pressures confronting vulnerable Nigerians and ensuring that improving macroeconomic indicators translate into tangible benefits. NigerianBusiness Directory
“In the next few weeks, we are addressing some of the challenges being faced by our vulnerable population by providing cheaper means of transport, ramping up food production and implementing various relief programmes that will touch lives at the grassroots,” he said.
Tinubu also took a swipe at the opposition, saying the latest economic figures had come at a time when opposition elements were attempting to diminish the achievements of his administration and promising to reverse some of its reforms if elected.
He maintained that the policies undertaken since the beginning of his administration were not intended to impose hardship on Nigerians, but to correct structural weaknesses and create the foundation for sustainable prosperity. NigerianBusiness Directory
The President pledged that his administration would remain focused on consolidating the gains recorded so far.
Economy expands further on broad-based growth across sectors
The NBS report, which shows 4.43 per cent growth in the second quarter, indicates that the growth outperformed both the first quarter of 2026 and the corresponding second quarter of 2025.
The report highlighted a broad-based economic expansion driven by significant improvements in the agricultural segment, non-oil sector, services and sustained growth in the oil sector.
The agricultural sector almost doubled its performance, with a growth of 4.39 per cent in the second quarter of 2026 compared with 2.82 per cent in the corresponding period of 2025.
The non-oil sector, which accounted for about 96 per cent of the economy, grew by 67 basis points to 4.31 per cent in the second quarter of 2026, compared with 3.64 per cent recorded in the second quarter of 2025. Non-oil sector growth was 3.94 per cent in the first quarter of 2026.
Non-oil sector performance was driven by growth across various segments, including crop production, telecommunications, real estate, trade, financial institutions, cement manufacturing and construction, among others.
The oil sector grew by 7.31 per cent in the second quarter of 2026, higher than the 2.57 per cent recorded in the first quarter of 2026, but lower than the 20.46 per cent recorded in the second quarter of 2025.
The industrial sector also grew by 3.96 per cent in the second quarter of 2026, as against 7.46 per cent recorded in the comparative period of 2025.
Average daily crude oil production rose to 1.72 million barrels per day (mbpd) in the second quarter of 2026, outperforming both the preceding quarter and the comparable period of 2025.
Crude production in the second quarter of 2026 was the highest since 2022. Oil production stood at 1.68 mbpd in the second quarter of 2025 and 1.55 mbpd in the first quarter of 2026.
The oil sector thus contributed 4.16 per cent to total real GDP in the second quarter of 2026, a sustained improvement on the 4.05 per cent recorded in the corresponding period of 2025 and 3.92 per cent recorded in the first quarter of 2026.
In nominal terms, total GDP rose by 18.43 per cent from N100.73 trillion in the second quarter of 2025 to N119.29 trillion in the second quarter of 2026.
In terms of GDP share, the services sector remained the dominant driver, contributing 56.62 per cent to aggregate GDP in the second quarter of 2026, as against 56.53 per cent recorded in the comparable period of 2025.
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The non-oil sector contributed 95.84 per cent to aggregate real GDP in the second quarter of 2026, as against 95.95 per cent in the second quarter of 2025 and 96.08 per cent in the first quarter of 2026.
Experts were unanimous that the latest GDP report showed a positive outlook for the economy.
Analysts at SCM Capital stated that the second-quarter 2026 GDP report underlined improved macroeconomic conditions and broad-based policy support, which have continued to anchor economic performance.
They said the report showed broad-based resilience, with an uptick in oil output reflecting gradual operational improvements and sustained field activity across major production basins, alongside a non-oil sector gaining stronger momentum.
Analysts at Coronation Group and Cordros Capital Group stated that the GDP performance outpaced their expectations, noting that the economy had shown resilience and steady growth.
sustained economic resilience, with growth anchored by the services sector alongside gradual improvement across non-oil activities.
“The outturn affirms our broader expectation of a steady, non-oil-led growth trajectory through the rest of the year,” Coronation Group stated.
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Update : NRC Releases Preliminary Report on Warri-Itakpe Train Crash, Says Wheel Defect May Have Triggered Derailment
……NRC Suspects Wheel Defect, Rules Out Track Vandalism
The Nigerian Railway Corporation (NRC) has released its preliminary report on the June 8, 2026 derailment involving the Warri–Itakpe Train Service (WITS), revealing that a possible sudden bogie or wheel defect may have triggered the accident.
The incident occurred at about 4:17pm near the Outer Home signal of the Goodluck Jonathan Railway Station at kilometre 177, Owa-Oyibu, Agbor, Delta State.
According to the NRC, the train had departed Itakpe at 12 noon with 482 people on board, comprising 442 passengers and 40 operational personnel, when the derailment occurred.
Five coaches, one locomotive and a power car were affected, with three coaches and the power car overturning.
The Corporation said emergency response operations were immediately activated with support from the Delta State Government, the Nigeria Police Force, Federal Road Safety Corps (FRSC), National Emergency Management Agency (NEMA), local authorities and medical teams.
All passengers were evacuated within two hours of the incident.
However, the accident resulted in four confirmed deaths — three adults and one child — while 64 people sustained various injuries.
The NRC said 28 injured passengers were treated and discharged at the Railway Hospital, Owa-Oyibu, while another 36 were transferred to hospitals in Owa-Oyibu, Owa-Alero and Agbor.
Most of those admitted were discharged within 72 hours, while three people, including an NRC employee who required surgery, remained under specialist medical care. Two of the affected persons subsequently underwent surgical procedures.
The Corporation also clarified that its initial report of five fatalities was later revised to four following verification with the Delta State medical team responsible for the deceased.
Possible wheel defect identified
The NRC said its internal investigation involved site inspections, evidence gathering, examination of operational records and communication data, technical assessments of the locomotive and rolling stock, as well as interviews with train crew, operations and maintenance personnel, witnesses and emergency responders.
The investigation also examined the track infrastructure, turnout arrangements, communication systems and the effectiveness of the emergency response and evacuation operations.
Based on the preliminary findings, the NRC said investigators identified the possible sudden development of a bogie/wheel defect while the train was in motion as a potential primary factor in the derailment.
According to the Corporation, such a defect could have resulted in abnormal wheel-rail interaction, excessive impact loading and loss of running stability.
The investigators also identified the possible manner in which the train’s brakes were applied as a factor that may have contributed to the severity of the accident.
However, the NRC stressed that both issues remain working hypotheses and that the definitive cause of the derailment would only be established after further technical analysis.
No evidence of track vandalism
The Corporation said its inquiry team found that the railway points at the accident location were intact and that there was no evidence of track vandalism.
This finding distinguishes the June 8 incident from two previous accidents involving the same Warri–Itakpe service on November 1 and November 8, 2025, which the NRC said were attributed to track vandalism.
The independent Nigerian Safety Investigation Bureau (NSIB) has also commenced its statutory investigation into the accident.
The NRC said it was cooperating fully with the NSIB and would be guided by the findings and recommendations contained in its final report.
NRC announces safety measures
Following the preliminary findings, the Corporation recommended comprehensive safety inspections and audits of rolling stock, railway tracks and infrastructure before equipment is returned to service.
It also called for stronger maintenance and condition-monitoring programmes, timely replacement of defective components and improved availability of critical spare parts.
The NRC further recommended a review of operational safety procedures, improved emergency preparedness and rescue capabilities, enhanced staff training and competency assessments, as well as sustainable funding for railway modernisation.
The Corporation also proposed improvements to its insurance and compensation framework to ensure adequate protection for passengers and staff in cases involving medical treatment, disability and fatalities.
WITS service yet to resume
The NRC said the affected track has been fully recovered and restored, while the locomotives involved have also been recovered and are currently undergoing reconditioning.
However, the Corporation said the Warri–Itakpe service would not resume until a detailed safety audit of the track and equipment has been completed.
The NRC expressed condolences to the families of those who lost their lives in the incident and apologised for the delay in releasing the preliminary report, explaining that additional time was required to properly verify the casualties and notify the affected families.
The Corporation said it remained committed to implementing recommendations arising from both its internal accident inquiry and the independent NSIB investigation, with the aim of strengthening railway safety and restoring public confidence in train transportation.
I’m
Veteran Yoruba actor Taiwo Hassan, popularly known as Ogogo, has died at 66.
His daughter, Kira Taiwo, confirmed his passing during an Instagram Live session on Sunday.
The news comes days after Kira and her sister, Lima Taiwo, made public appeals on Monday, August 17, 2026, for medical advice for their father, who was battling stage-four cancer.
Kira said doctors had stopped chemotherapy because of his condition, and the family was seeking alternative treatments, including specialised procedures and traditional remedies.
She clarified that the family was not asking for financial donations, but for information on possible treatment options.
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