News
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ FirmsSays Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
By: Michael Mike
ActionAid International has advocated for massive imposition of windfall tax on fossil fuel companies including financial institutions, lamenting that ‘climate-wrecking’ firms make billions in ‘surplus profits’ and should be made to pay to ameliorate the harms done.
ActionAid in a statement on Wednesday said a report it conducted has shown that 36 top companies in the fossil fuels and financial sector, often funding fossil fuel use, made over US$420 billion in windfall profits in the 24 months preceding July 2023.
It stated that a tax of 90% on these windfall profits could generate as much as US$382 billion in revenue, an amount that could be spent on public services such as education, or climate action, calling for urgent introduction of windfall profits taxes.
The statement read: “Thirty-six top companies in the fossil fuel industry and their funders made over US$420 billion in
‘surplus’ profits in the 24 months before July 2023, shows a new ActionAid report.
The report shows that taxing these extraordinary profits, referred to as windfall profits, could generate funds to boost public spending, especially for key areas such as education and climate action.
“Windfall profits are often attributed to external context changes and are considered a ‘surplus’ above the regular and expected profits.
“A tax of 90% on the windfall profits of these 36 firms could generate as much as US$382 billion in revenue, shows the report launched as world leaders meet at Davos for the World Economic Forum. This amount is almost 20 times more than the US$21 billion provided by donors for climate adaptation in 2021.”
ActionAid Secretary-General Arthur Larok said: “The scale of profits that fossil fuel companies and their bankers are making in the wake of global crises is truly astounding, especially when compared to the hardships that these crises have brought upon regular people around the world,” insisting that: “Windfall profits taxes make sense. They can bring in significant revenue for climate action and social services, while taxing only the extraordinary corporate profits.”
According to the statement, ActionAid’s research is an analysis of the profits of the top 14 fossil fuel companies and top 22 financial corporations by value on the stock market. In the 24 months to July 2023, these firms made US$1,218 billion in profits. Windfall profits from this amount comes to US$425 billion.
It added that fossil fuel company profits in the 12 months before July 2023 were up by an astounding 278% compared to the average in the period between 2017/2018 and 2020/2021
It noted that both the fossil fuel and the financial industries have been making extraordinary profits in recent years, widely attributed to the impact of Russia’s full-scale invasion of Ukraine, and high interest rates adopted by many countries in response to growing inflation, stressing that: “ActionAid’s research in 2023 found that banks alone have poured over US$3.2 trillion into fossil fuels in the Global South since the Paris Agreement was adopted in 2015, making them complicit in climate damage.”
The statement recalled that at COP27, United Nations Secretary-General Antonio Guterres asked governments to tax the windfall profits of fossil fuel companies and redirect that money to those impacted by climate change, lamenting that over a year later, only some EU Member States, the UK, and a few Latin American countries, have introduced some forms of temporary and often limited windfall taxes on fossil fuel companies.
ActionAid Advocates for Windfall Tax on ‘Climate Wrecking’ Firms
Says Over US$420 billion in Windfall Profits Made in 24 months by 36 Top Fossil Fuel, Financial Firms
News
How killing of 12 Illegal miners in Barkin Ladi, linked to rustling of 171 livestock plateau
How killing of 12 Illegal miners in Barkin Ladi, linked to rustling of 171 livestock plateau
By: Zagazola Makama
The recent attack on an illegal mining site in Fann District, Barkin Ladi Local Government Area of Plateau State, has again exposed the sustained fragility of security and the precarious balance between herders and local communities in the state.
On the night of 16 December 2025, gunmen, reportedly dressed in military attire, stormed a mining site at Tosho Community, rounded up illegal miners, and demanded information about the location of cattle stolen from Nding Community on 10 December. The attack left 12 miners dead, three abducted, and several others injured.

Zagazola Makama report that the attack was retaliatory, linked to the rustling of 171 cattle across Nding and Bakin Kogi communities earlier in the month. The victims, miners who were present at the site despite an extant ban on night mining, were particularly vulnerable due to the clandestine nature of the operations and the delayed reporting of the attack to security forces. Troops of Sector 2 Operation Enduring Peace responded early the following morning, conducting offensive operations to rescue the abducted and secure the area.
However, the Fann District attack represents only the latest episode in a rapidly escalating cycle of reprisal violence across Plateau State. Within days, coordinated assaults on pastoral communities in Barkin Ladi and Jos East LGAs resulted in the rustling of 168 cattle, while nine additional cows reportedly died after grazing on poisoned substances in Kwi village, Riyom LGA. These attacks, illustrated the deepening insecurity that continues to place herders, farmers and other vulnerable communities alike at risk.

In a further escalation, four children were killed in Dorong village, Foron District of Barkin Ladi LGA, allegedly in reprisal for the earlier cattle rustling. Victims included Precious Joshuah, 17; Isa’ac Joshuah, 9; Mary Joshuah, 7; and Eve Sambo, 3. Community sources indicated that the attack occurred amid a climate of fear, with residents warning that reprisals were imminent if no preventive action was taken.
Another disturbing incident in Gero village, Jos South LGA, saw the killing and injury of at least 10 cattle, reportedly by Berom militias targeting Fulani herders. Twelve others were left fatally wounded. Local sources indicated that repeated complaints to authorities regarding such attacks had yielded little response, fostering a perception of selective intervention that largely reacts to incidents affecting one side of the conflict.
Zagazola Makama, have long warned in a series of articles of this predictable pattern: attacks on herders, particularly cattle rustling and livestock poisoning, often trigger retaliatory strikes against innocent civilians, which triggers continued attacks. Despite repeated alerts, the Plateau State government and other concerned authorities have been accused of inaction or selective enforcement, which some residents allege has emboldened criminal actors and state-supported militias.
This growing environment of impunity has left communities vulnerable and created conditions where reprisal attacks are almost inevitable. While the recent attacks are universally condemned, a critical review shows that violence in Plateau often escalates when perpetrators operate with little fear of prosecution or accountability. The complicity of certain local militias and the failure of government to intervene decisively have deepened the cycle, placing innocent civilians including women and children at the highest risk.ll

Zagazola emphasized that unless the Plateau State Government and security agencies implement robust measures to arrest perpetrators on all sides, prosecute offenders, and engage in non-kinetic conflict resolution, the state is likely to witness further retaliatory violence. Immediate steps are required to address both the underlying causes of insecurity and the selective handling of incidents, which currently fuels perceptions of bias and aggravates existing ethno-religious and pastoral-farming tensions.
Without decisive action, Plateau State will continue to experience a self-perpetuating cycle of violence, where acts of aggression against one community invariably provoke retaliatory strikes on another, leaving the most vulnerable particularly children bearing the heaviest burden.
How killing of 12 Illegal miners in Barkin Ladi, linked to rustling of 171 livestock plateau
News
Relief as Navy supports Gombe community with school, water projects
Relief as Navy supports Gombe community with school, water projects
By Hajara Leman
The Nigerian Navy on Friday inaugurated a 600-litre capacity borehole and a school at Dungaje community in Cham District of Balanga Local Government Area of Gombe State.
The projects were executed under the Chief of Naval Staff, Vice Admiral Idi Abbas’ Special Intervention Quick Impact Project.
The gesture was in recognition of Rear Admiral Ayuba Chuguli (rtd), outstanding service to the nation and the Nigerian Navy.
Inaugurating the projects, Abbas said the project was conceived by the Naval Headquarters as a mark of appreciation for Chuguli’s.
Abbas was represented by the project facilitator, Rear Admiral Ayuba Chuguli (rtd).
He said the projects inaugurated include three solar-powered boreholes with a combined capacity of 600 litres, three blocks of classrooms comprising nine classrooms, and staff quarters for primary and junior secondary schools, among other interventions.
“The inauguration of this 600-litre boreholes is not only to honour Rear Admiral Chuguli’s meritorious service, but also to support the health and daily needs of Dungaje, Kwarge and Jublan communities, all in Mona Ward of Cham District, Balanga LGA.
“Access to clean water is essential to public health, and this project reflects our commitment to community development,” he said.
The state deputy governor, Dr Manassah Jatau, urged members of the community to take full ownership of facilities executed by government and individuals to ensure sustainability and long-term benefits.
“Government alone cannot guarantee the longevity of such projects without the active involvement of beneficiaries.W hen communities see projects as their own, they are more likely to safeguard them against vandalism, misuse and neglect,” he said.
Jatau urged residents, particularly youths and community leaders, to work together to ensure effective protection and utilisation of the facilities.
He also commended individuals and development partners who contributed to community development, noting that such efforts complement government initiatives and accelerate grassroots development.
The Paramount Ruler of Cham, Dr James Chachis, lauded the Nigerian Navy for bringing the water project to the area, describing it as timely and impactful.
He said the borehole would significantly reduce water-related challenges being faced by residents, especially women and children.
The traditional ruler called on other public-spirited individuals in the community to emulate the project facilitator by contributing to development initiatives.
Relief as Navy supports Gombe community with school, water projects
News
Adeleke appeals to Army to prevent bandits’ infiltration into Osun from Kwara
Adeleke appeals to Army to prevent bandits’ infiltration into Osun from Kwara
By: Zagazola Makama
Ademola Adeleke of Osun on Saturday appealed to the Nigerian Army to intensify efforts at preventing the infiltration of bandits into the state from neighbouring Kwara.
Adeleke made the appeal while speaking at the Passing Out Parade of the 89 Regular Recruits Intake held at the Nigerian Army Depot, Osogbo.
The governor, who described the event as significant to national security, said the ceremony underscored the critical role of the military in protecting Nigeria’s territorial integrity and defending the Constitution.
He commended the Nigerian Army for its decades of service in maintaining both internal and external peace, noting that the Army, in collaboration with other services, the Police and security agencies, had remained central to the containment of terrorism, banditry and communal conflicts.
“For us as a state government, we have enjoyed a very close partnership with the Nigerian Army and the entire military establishment. From my hometown and across the state, our engagement with servicemen has continued to deliver peace and stability,” he said.
Adeleke said Osun had remained one of the most peaceful states in the country largely due to the sacrifices and dedication of the military and other security agencies, stressing that the state government deeply appreciated the efforts of servicemen and women.
He disclosed that troops were currently deployed in border communities between Osun and neighbouring states to conduct special operations aimed at containing banditry and kidnapping.
“Our dear Army Chief, your men are currently around the border towns between Osun and Kwara States conducting special operations to contain banditry and kidnapping. We are very grateful for this support,” the governor said.
He, however, appealed for sustained military presence to prevent any infiltration of bandits into Osun from Kwara State, describing the threat as real but expressing confidence that the ongoing operations would succeed.
Addressing the newly passed-out recruits, Adeleke urged them to remain dedicated to the values and ethos of military service, reminding them that they were joining an institution widely acknowledged as the heartbeat of the nation.
“You have a duty to remain loyal to the Nigerian Army, the Constitution and the Federal Republic of Nigeria,” he said.
The governor also called on political leaders across the country to adopt dialogue and consensus-building in resolving governance challenges, noting that political solutions would reduce tension and ease the burden on the military and other security agencies.
He commended President Bola Ahmed Tinubu, the Commander-in-Chief of the Armed Forces, for promoting inclusiveness in governance, saying such an approach would strengthen national unity and stability.
Adeleke assured that the Osun State Government remained committed to peaceful political engagement and harmony, adding that this would enable security agencies to focus on their core responsibilities of protecting lives and property.
The passing-out parade was attended by senior military officers, traditional rulers, government officials, serving and retired military personnel, other security operatives and representatives of the media.
Adeleke appeals to Army to prevent bandits’ infiltration into Osun from Kwara
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