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SUNDAY NEWSWATCH, AUGUST 3, 2014

Ondo 2016: Echoes of inaugural Turnaround Team Conference Lekan Adejuwon & Michael Olanrewaju

F

or participants at the three¬-day event commemorating the inaugural conference/ seminar organised by the ‘Turnaround Team: Ondo 2016,’ the experience could be best described as both rewarding and inspirational as Peoples Democratic Party (PDP) stakeholders in Ondo State, assembled to brainstorm on the way forward for the Sunshine State out of growing concern for what they described as the abysmal failure of the present administration in the state. EFGHIFEJKFLMIEFNQFEJKFIKMNKIFRUFIVWJFNQEKMHWENXKF seasons initiated by business mogul and publisher of Daily Newswatch, Barrister (Dr.) Ibrahim Jimoh, held at the Conference Centre of the Obafemi Awolowo University, Ile Ife, Osun State. The event, which lasted for three days, drew participants from thousands of party faithful from all local government areas across the state. It turned out to be a huge success as it provided a unique opportunity for all stakeholders to diagnose and `MR KMFIRjVENRQIFERFz{MNH|IFRUF}GNW~K|F`MR jKzI F confronting Ondo State, even as many agreed that the powers that be in the Sunshine State have failed to meet the yearnings of Ondo people and the need for power to change hands in 2016. The programme, which commenced last Wednesday, was chaired by veteran politician HQ|F F WJNK HNQ F JNKUF K VQF |K R~K F QF his opening address, he welcomed guests to the august occasion while thanking the convener of the Turnaround Team for initiating what he |KIWMN K|F HIF }LMIEF RUF NEIF ~NQ| F {F HQ{F MRV`F RMF organisation in the PDP since the party lost to the opposition in the South West. He added that the large turnout of people at the event was a clear EKIENzRQ{F EJHEF EJKF `HME{F JHIF LQHjj{F |KWN|K|F ERF put its house in order, with a mission to reclaim not only Ondo State in 2016, but the entire South West. According to him, ‘’PDP is the only party in Nigeria which has remained one indivisible party since 1999. The PDP, unlike other parties, is not a newspapers party and, that is why I am appealing to leaders of our great party not to disrupt the cooperation that led us to this level,’’ he said. The former Commissioner in the old Ondo State further stated the reason for convening the programme, saying that: “The essence of holding this seminar is to educate our people on good governance and creation of wealth for the people of Ondo State.’’ Prof. Olu Agbi, who presented a keynote address, stunned the audience with a graphic picture of the lamentable rate of poverty ravaging many indigenes of Akure and other parts of the state as many indigenes had suddenly turned to beggars because of ravaging poverty. Drawing a parallel between two towns with the IHzKFQHzK F H HjN FNQF|N KMKQEFjRWHENRQI FRQKFNQF Mexico and the other in Arizona, United States, the Professor of Diplomatic History noted that the |N KMKQWKF KEGKKQFEJKFEGRFERGQIFjNKIFNQF`RXKME{F level which is higher in Nagali Mexico but nil in Arizona, with a per capital income of 30,000 US Dollars. The former Nigerian Ambassador to Greece noted that the situation in the present Ondo State cuts a vivid similarity with Nagali in Mexico, adding that good governance is a pre-condition for wealth creation. He emphasised that: ‘’Ondo State is in dire QKK|FRUFHF RR|FHQ|FIKj KIIFjKH|KMFEJHEFGNjjFWMKHEKF wealth.’’ Agbi, in his submission, also drew inspirations and lessons from emerging world economic powers such as Australia, South Korea and Malaysia which, according to him, were at the same par with Nigeria in 1963 but had grown from developing countries to world economic power, whereas Nigeria has remained a developing country. The word, developing nation, he said, is the euphemism for bad country. The astute scholar also made a strong case for the emergence of an entrepreneur to run the H HNMIFRUFEJKF VQIJNQKF EHEKFWRzKF His words: ‘’Ondo State is crying for a rescue operation, no more routine administration. Let us introduce somebody who can create wealth by turning around one to become two, an

Dr. Jimoh (left) with others, singing the ‘Tunaround’ anthem.

According to him: ‘’Leaders don’t know what to do until when the problems have subsumed them even though 95 per cent of the resources had been spent on election campaigns.’’ The speaker also expressed worries at a general zHjHNIKFH KWENQ FRVMFjKH|KMIFGJNWJFJKF|KIWMN K|F as ‘wilful blindness, two eyes up, two feet down.” He pointed out that the gigantic problems must be addressed by the audience in order to chart a new course for Ondo State. QF`MR KMNQ FIRjVENRQIFERFEJKF} N HQENWF`MR jKzI F the acclaimed turn- around expert, turned the seminar into an interactive session which involved every member of the audience. Earlier, the chairman of Ondo State chapter of PDP, Hon. Ebenezer Tayo Alabi had drawn the H KQENRQFRUFEJKFHV|NKQWKFERFEJKFJV KF|K EF`RMEURjNRF of the Mimiko’s administration totalling over N74 billion. This later became the focus of debate by selected members of the audience with the aim of LQ|NQ FHFGH{FRVEFRUFEJKF|K EF`MR jKz Ibrahim had raised the poser that if a governorelect is confronted with the 74 billion naira debt with the monthly revenue allocation at mere 3.4 billion with no tax coming from the citizens, entrepreneur. ‘’A man who will become governor in 2016 JRGF|RKIFEJKF RXKMQRMFJR`KFERFUVjLjFJNIFKjKWERMHjF must be somebody that if you entrust 50 billion in mandate? While speakers at the occasion suggested his hand, he will not steal 1billion because he has |N KMKQEF IRjVENRQI F HMMNIEKMF MHJNzF IV KIEK|F seen it all.’’ He however lamented the worrisome situation a safe landing which drew the applause of where many join politics because of poverty, on conferees. He advised that part of the way out of the quagmire may be a rescheduling of the EJKFKMMRQKRVIF KjNKUFEJHEF`RjNENWIF`H{IF K KM In his closing remark, Prof Agbi introduced the |K EF`MRLjKFGNEJFEJKF HQ~ FH``MRHWJNQ F UMNWHQF WRQXKQKMFHQ|FLQHQWNKMFRUF VMQHMRVQ|F KHzF F Development Bank, (ADB) for fresh loan, with Ibrahim, whom he described as ‘an embodiment jN jKFNQEKMKIEFGJNjKFEJKFIEHEKFzRQEJj{FHjjRWHENRQFWHQF of humility,’ despite his enormous wealth and his be channelled to run the government. The suggested solution signalled the end of the entrepreneurial spirit’. Ibrahim was billed to take LMIEF|H{FRUFEJKFIKzNQHMFHQ|F`MK`HMK|FEJKFzNQ|IF EJKFH KMQRRQFIKIINRQFRUFEJKFJNIERMNWHjF HEJKMNQ The Group Managing Director of Global Fleet, of participants for what was to be expected the in his presentation, addressed what he described following day. The venue of the second day deliberation was as ‘wicked problems’ plaguing the nation with IJN K|FERF |V|VGHF Hjj FRUFEJKFWNEH|KjFRUFjKHMQNQ FF I`KWNLWFMKUKMKQWKFERF Q|RF EHEK ‘’These wicked problems, or what I call gigantic {F Hz FEJKFJHjjFGHIFLjjK|FERFWH`HWNE{ Ondo State, being a largely civil service state, problems have weighed down many of us who seemed to have been overwhelmed by the was the focus of the paper presented by one of the `MR jKzIFHQ|FGKFIKKzFJKj`jKIIFNQF`MR KMNQ FEJKF PDP leaders and a retired Permanent Secretary in solution but must we resign to fate by going back the state, Dr. Falolu Adeyekun. He decried what he described as ‘systemic collapse’ of the civil to our Creator, he asked? Identifying the causes of the major problems IKMXNWKFNQF N KMNHFGNEJFI`KWNLWFMKUKMKQWKFERF Q|RF confronting the nation such as insecurity, State. He said despite the civil service reforms corruption and maladministration, Ibrahim reasoned that: ‘’There is a collapse in the triangle of instituted by various administrations, no trust. This problem has brought about insecurity remarkable achievement has been recorded. He in governance, leading to huge corruption and, said corruption remains the hallmark of public if we must move forward, we would have to service in the recent time. He said: “Corruption is at the highest level in the improve on our level of trust.” civil service despite the Udoji, Ayilda and other

A man who will become governor in 2016 must be somebody that if you entrust 50 billion in his hand, he will not steal 1billion because he has seen it all

civil service reforms, none of which has worked HQ|F GRVj|F |KLQNEKj{F QREF GRM~F VQENjF GKF `VEF NQF place, a complete overhaul of the whole system”. The former Permanent Secretary, who has put in 28 years in the service of Ondo State, lamented EJKF}RXKMF jRHEK|FL VMKFRUF KMzHQKQEF KWMKEHMNKIF in the administration of incumbent Governor Olusegun Mimiko’s administration which he criticised for parading 52 Permanent Secretaries as opposed to only 14, who worked with the late Governor Adekunle Ajasin in the old Ondo State. JKF H KMQRRQF IKIINRQ F HIF UHIJNRQK|F {F EJKF Group Managing Director of Global Fleet became the kernel of the three-day event as members of the audience were divided into three senatorial districts and they discussed how they would tackle the ‘wicked problems’ confronting the state in case a governor emerges from any of the zones. As was typical of such audience participatory programme, the speakers representing each group came up with brilliant ideas and suggestions which drew both approval and discontent. It further elevated the quality of discussion. At the end of the deliberation, a visibly elated Ibrahim gave kudos to all the groups for a job well done and, for their genuine concern to play a part NQFEJKF¢RVMQK{FERF}L£ F Q|RF EHEK F JKFWRQUKMKQWKF closed for the day, marking the end of the 3-day event. As early as 8.00 am, the conference regrouped at the Conference Centre with goodwill messages from the convener of the seminar, Barrister Ibrahim, who thanked all the delegates for their dedication and seriousness in the project to turn around Ondo State. He enjoined them to eschew ‘do or die politics’ and work according to the dictates of their conscience. Prof. Olu Agbi, chairman of Turnaround Team 0ndo 2011, in his closing speech, read a 7-point communiqué which was unanimously adopted HQ|FEJKFWRQUKMKQWKFLQHjj{FGRVQ|K|FV` Speaking to Sunday Newswatch, a PDP WJNK HNQF HQ|F URMzKMF KWMKEHM{F RUF EJKF `HME{ F Otunba Bode Iwaloye expressed satisfaction at the vision and mission of Turnaround Ondo 2016, saying it is a welcome development. His words: ‘’My own view about the Turnaround team is that it is coming at a very appropriate time as we need ERF|RFIRzKFEJNQ IF|N KMKQEFUMRzFEJKFKXNjFRUFEJKF past. It should be a complete deviation from the past, which this team is set to achieve. WWRM|NQ FERFJNz FNEFNIFEJKFLMIEFENzKFNQFEJKFJNIERM{F of PDP in Ondo State that such a programme would be organised to make the people conversant with development in party politics because it goes beyond seeking power. What do you do with power? Once you know what to do with power, it becomes easy to look for power,” he stated.

3

SUNDAY NEWSWATCH, AUGUST 3, 2014

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5

SUNDAY NEWSWATCH, AUGUST 3, 2014

NEWS

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6

SUNDAY NEWSWATCH, AUGUST 3, 2014

North

NEWS

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!*$·$-* · !%·!&,'·, · ,< · '$! · - $! · $ ,!'&+· § ·· *· A B· +% !$ · --% &=· !+ $'+ · , ,· , · ('$! · !&· , · + % · . !&· ** +, · · ·. ¸% &· *% · *' *1· & · / '· ™· # · , · +, , · . (-,1· * , *1· ' · , · $$· *' * ++!. +· '& * ++·!&·, ·+, , < 2!+· /'* +>· E4 + · '&· · ,!(¸' ·=·'& ·52 #! $· &-/ ·' · !- · # * · / +· ** +, · 1· , ,!. +· ™· ·,'· # · '$! · .!.!+!'&· '*· ·$!& · · ;¸1 *¸'$ · & · +· +!& · '& ++ ·,'· '%%!™·!& ·, · ' · &+ <F '* !& · ,'· , · ('$! · +('# +% &=·, · + ·!+· !& · !&. +,! , · & ·, ·+-+( ,· /!$$· · * · ,'· '-*,·

+· +''&· +· !&. +,! ,!'&· !+· '& $- < 2 · % !&, !& · , ,· , · '%% & · +· $+'· * '. * · 44· *'-& +· ' · $!. ·

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+, (· & · "-%(· ,'· .'! · +, ((!& ·!&,'·+, & &,·(''$· ' ·/ , *· -+ · 1·, ·* !&< '+,· ,* *+· ,· , · . *!'-+· % *# ,+· !&· &'· ! ·&',·'( &·, !*·+ '(+· '*· -+!& ++·,* &+ ,!'&=· - ·,'· , · * !&=· / ! · * & · +'% · ' · , !*· 0('+ · / * +< 2'/ . *=·+'% · +( * , · ,* *+· * ·, · '/&('-*· & · !+($ 1 · , !*· / * +· -,· * '* · (''*· + $ +=· +· '&$1· · /· -1 *+· % · ,'· , · % *# ,· / &· , · * !&· +- +! ·,'·(! #· -1·+'% · & ++!,! +< &· &·!&, *.! /·/!, ·+'% · ' ·, ·,* *+=·, 1·$ % &, · * '* !& ·(''*·+ $ +=·/ ! · , 1· ™·*! -, ·,'·, ·* !&+=· / ! · '%!& , · * , *· ( *,·' ·, · 1< &/ !$ =· , · +!,- ,!'&· +· &· * +,'* · ,'· &'*% $=· +· % "'*!,1· ' · , · ,* *+·'( & ·, !*·+ '(+· '*· -+!& ++=· "-+,· +· % &1· -1 *+=· / '· '-$ · &',· % # · !,· ,'· , · % *# ,· '&· **! 1· '/ . *· *-+ · ,'· , · % *# ,· 1 +, * 1· ,'· -1·, !*·!%% ! , ·& +<

"$ $ $ ! $% $! %& "! ! ' $ ! ! ' ' "("! & & & "! "'! " & & & ! ! ' $ !& ) "&" ! )" # $

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'&,*'. *+1· +· '&,!&- · ,'· ,* !$· , · !%( % &,· + · !&· + * / · ,/ &· , · '($ +· . %' * ,! · *,1· A . B=· '%!& , · 2'-+ · ' · ++ % $1· & · , · +, , · '. *&'*· &#'· $¸ #-* · ' · , · $$· *' * ++!. · '& * ++· A B=· /!, · , · '*% *· &,· '&· + !& · , · 0!,·' ·, ·$ , *·'&· '-&,·' · $$ ,!'&·' · '**-(,!'&< '&,* *1·,'·, · + * / · , , · 2'-+ · ' · ++ % $1D+· !* ,!. ·'&· & + 1·, ,· , · + . &¸% &· (*' · ( & $· '&+,!,-, · 1·, ·+, , · ! · (- =·(-+,! · % *-·.!##'=· ,'· !&. +,! , · , · 48· '-&,· $$ ,!'&+· $ . $$ · !&+,· , · % ™·$ · !'. *&'*· $¸ #-* · · !+ & =· , · ( & $· '&· -*+ 1· +,!$$· '%% & · +!™·!& · !& ·

$'+ · ''*+< ™· %(,+· 1· * ('*, *+· ,'· ++· , · '& * & · $$· ' · , · +, , D+· !&!+,*1· '*·

' $· !'. *&% &,· & · ! , !& 1· · !*+=·. &- ·' · , ·( & $·+!™·!& =·/ +·,-*& · '/&· 1·, · .!$1· *% · + -*!,1·% &· ,·, · , < · 2'-+ =· / !$ · !+ & !& · , · ( & $=· -*!& ·!,+·+!™·!& ·* ¸ !* , · , ·+, , · ! ·(- =·(-+,! · -$ !% &·.!##'=·,'· !++'$. · , · ( & $· + ,· -(· *$! *· 1· !%· & · '&+,!,-, · · & /· '& · '&· *'-& +· , ,· , · 0!+,!& · ( & $· $$+· + '*,· ' · '&+,!,-,!'& $·* )-!* % &,+< · !*% &=· 2'-+ · '%%!™· · '&· & '*% ,!'&· & · -*!,1=· 4 · #-=· % !&, !& · , ,· , · 2'-+ · , · !&· $!& · /!, · '&+,!,-,!'& $·(*'.!+!'&+< #-=· / '· !, · ,!'&· 4::=· - ¸+ ,!'&·9=· !+%!++ · , · !%(* ++!'&· !&· *, !&·

$ ! ' ! #

, # '$ *+· !&· % / · , , · * · !&+,· '$ !& · 1 ¸ $ ,!'&· ,'· * ($ · !%( · '*% *· !'. *&'*· -*, $ · 1 #'<· · '&+,!,-,!'&· '/ . *· +,!(-$ , +· , ,· · 1 ¸ $ ,!'&· ,'· $ ,· &· !%( · '. *&'*·%-+,· '$ ·/!, !&·;3· 1+· , *· !+· * %'. $· *'%· '§ ·· <··· · +, # '$ *+· * · ($ !& · /!, · , · * * $· !'. *&% &,·,'· $$'/·, ·+, , · ,'· ! ·'&·/ , *·'*·&',·!,· !+· +! $ · ,'· '$ · 1 ¸ $ ,!'&· !&· , · +, , · !&· .! /· ' · , · (* *!'-+· '& !,!'&· ' · , · +, , <·· '$!,! $· +, # '$ *+· * * ™· · , · 1 · !&· !& * +,*- ,-* · !&· , · +, , · ' +!'& · 1· , · '-+, · '. *&'*· -*, $ · 1 #'· $ · %!&!+,* ,!'&· & · ($ · /!, ·, ·( '($ ·,'·/'*#·/!, ·

, · ,!& · !'. *&'*=· 2'&<· % -· % *-· *!&,!*!· ,'· ( $ · , · + !(· ' · , · +, , · ,'· *! ,· !* ,!'&· ( & !& · , · ,!% · $ ,!'&· /!$$· · '& - , < E ' 1=· / ,· / · #&'/$ · !+· , · +-(* % 1· ' · !' · !&· '-*·

$!. +<· · * ,· , +#· '* · -+· !+· ,'· &#· !' · -+ · / · . ·* $ !% ·'-*+ $. +<· · , ·' ·, ·+, , ·!+· ,- $$1· (!,! $ <· ,· !+· '-*· -,1=· !,· !+· '-*· '$$ ,!. · -,1· ,'· &+-* · , ,·, ·+, , · ,·*! ,· #·'&· ,* #< · +, # '$ *+· $+'·

* * ™· · , · !$$+· ( *( ,* , · 1·, · 1 #'· %!&!+,* ,!'&· + 1!& ·, ,· · !+ (('!&, · , · &,!* ·(*'%!& &,·( '($ ·' · , ·+, , · & · ! *! ·!&· & * $·· -+ · ·-+ ·('/ *· !. &· ,'· !%·,'·+-((* ++·', *+· & · -& * . $'( · , · +, , · 1· ($-& *!& ·!,+·* +'-* +<

! ! $ ! " $ #

!*% &· ' · &'· , , · ++' ! ,!'&· ' · /+( ( *· & · 2!& · & '*+=· $ "!· #- -· -$$ !=· 1 +, * 1· !&· &'· * !+ · $ *%· '. *· , · '&. * & · ' · , '+ · · + *! · +· * · * *+· ++' ! ,!'&· ,· & /++, & +· +· *$1· +·9> %=· & !& · !&· , · , +· '&· ,'(! $· !++- +=· / ! · '&· +'% · ' +!'&+· & * , +· ,'· ·+,! - ·+<

'*,$1· , *· **!. $· ,· , · & /++, & =· $' , · '&· , · ('(-$ *· ! $ !% º** & · *' · "-& ,!'&=· -$$$ !· $ % &, · , ,· ', *· * · * *+·+& #·!&,'·, · *'/ · ,·!&, *. $+=·/ ! · * - $$1· +/ $$+· ,'· &· -&(* &, · *'/ < -$$ !=· , * '* =· 0(* ++ · *· , ,· +- · · $ * · *'/ · ' , &· ™·* ,+· +-! ! · '% *+=· / '· !&· % ™· *· ' · %!&-, +· &· !& ·$,* , · , !*· %! +,· & ·

,'& , · 0($'+!. +· '&· , · *'/ =· +· , !*· , * ,· +· $/ 1+· &· · $ * · , *!& =· +'· +· ,'· !& ·! ,· '$$ , * $· % · '&· !&&' &,· ! *! &+< '· . *,· &· -& '* + &· !+ +, *=· , · !*% &· (( $ · ,'· , · * *+· ,'· +!+,· *'%· +- · &· -&/ '$ +'% · (* ,! · -,· & .'-*·,'· -1· · '(1·' · &1·' ·, ·& /+( ( *+· *'%· , · & /++, & =· * · & · !+ (( *<

)- *, *+· , ,· % % *+· ' · , · ( & $· * · &',· ( '($ · ' · (*'. &· !&, *!,1· +· , 1· %-+,· &',· · % % *+· ' · &1· ('$!,! $· ( *,1· '*· !.!$· + *. &,+<F· '* !& · ,'· !%=· E,/'· ' · , %· * · % % *+· ' · , · *!+,! &+· !$ *!%+· $ * ·4' * =·,/'· ' ·, %· * ·% % *+·' ·, · '& * ++· '*· *' * ++!. · & · A B=· &'/· ' $ + · !&,'· =· / ·

. · , !*· * +· &-% *+· /!, ·-+<· &· ,=·'& ·' ·, %· $'+,· !+·"' =·+'·, · .! & +· * ·/!, ·-+<DD &· +# · / , *· , · 2'-+ · !+· / * · , ,· , · ( & $· +· '%% & · +!™·!& <· #-·+ ! ·CD '·$'& · +·/ ·A2'-+ B· * · '& *& · , * · !+· &'· ( & $· & · , 1· * ·/ +,!& ·, !*·,!% =·/ '· * · , 1· +- %!™·!& · , !*· * ('*,·,'¹· ·)- *! <·

! ' ! ! ! " " !

· & ( & &,· ,!'& $· 5$ ,'* $· '%%!++!'&· A 5 B· +·+ ! , ·, · , ·' · , · $ ,!'&·' ·, · ! *¸5 +,· 1 · $ ,!'&· *'%· - -+,· 48, ·,'· - -+,·63, =·5347=· -,· , !+· %'. · +· &· #! # · !&+,· 1· +'% · ('$!,! $· ( *,! +·!&·, ·+, , < · + ! ,· !&· , · / +· * +'$. · ,· · +, # '$ *+D· % ,!& · $ · !&· !&& =· , · +, , · (!, $· -,·,/'·('$!,! $· ( *,! +· !& $- !& · , · $$· *' * ++!. +· '& * ++·A B· ! ·&',·+! &·, ·* +'$-,!'&· +· , 1·/ * · !&+,·, ·+ ! ,·!&· , ·+, ,!& ·, ,·, ·+ ! ,·/ +· -& '&+,!,-,!'& $< '* !& · ,'· , · ,/'· ( *,! +=· $$· *' * ++!. +· '& * ++·A B· & · '($ +· . %' * ,! · '. % &,· A . B=· , · & · / +· &',· !&· $!& · /!, · ,!'&· 98· ' · , ·4;;;· '&+,!,-,!'&·/ ! · $ *$1· +( $$+· '-,· , · ,!% · * % · '*·, · '& - ,·' · · 1¸ $ ,!'&<· ( #!& · , · +, & · ' · =· , · +, , · !*% &=· 5& !& *· ' %% · (! *!$· % %·('!&, ·'-,·, ,· 5 · / +· ,*1!& · ,'· !%('+ · , · 5$ ,'* $· ,·'. *· & · '. · , · '&+,!,-,!'&· 1· + ! ,!& · , · , · ' · , · 1¸ $ ,!'&·

'-,+! · , · ,!% · * % · (* + *! · 1·, ·$ /<· 2 · +,* ++ · , ,· · /'-$ · $$ & · &1· !$$ $!,1· , · $ ,'* $· ' 1· % 1· / &,· ,'· !%('+ · '&· , · ( '($ · ' · , · +, , · %( +!+!& · , ,· 5 · /'-$ · · '!& · !&+,· , · '&+,!,-,!'&· ! · , · , · !+· & <· !,!& · ,!'&· 98· ' · 4;;;· '&+,!,-,!'&· / ! · +, , · , ,=·E5$ ,!'&·!+·,'· '$ ·&',· $ , *· , &· , !*,1· 1+· , *· · . & 1· ' -*+F=· % %· + ! · &1, !& · '-,+! · , · '&+,!,-,!'&· !+· !$$ $· & · /'-$ ·&',· · (, < E · ! · &',· ,'· · ( *,· ' · , · * +'$-,!'&· ,· , · +, # '$ *+· % ,!& · -+ · '!& · , ,· /!$$· %'-&,· ,'· & '*+!& · !$$ $!,1<· · '&+,!,-,!'&· !+· $ *· '-,· 1¸ $ ,!'&· & · &1, !& · '-,+! · , · '&+,!,-,!'&· !+· !$$ $=F· % %· $ * <· !%!$ *$1=· , · +, , · !*% &·' · . =·5& !& *· - # *· -$$ !· !/ =· / '· / $# · '-,· ' · , · % ,!& · + ! · , ,· !+· ( *,1·/'-$ ·&',· · ·( *,1·,'· !$$ $!,1=· + *! !& ·, ·+ ! ,· !&· , ·' ·, · 1 ¸ $ ,!'&· 1· 5 · +· ·* ( ·'&· %' * 1· & ·, ·*-$ ·' ·$ /<

7

SUNDAY NEWSWATCH, AUGUST 3, 2014

NEWS

South West

Security beefed up at Ibadan as President Jonathan visits Osun Olaide Oyelude, Ibadan

S

ecurity was, for the K™KMF `HMEF RUF {KIEKM|H{ƒF beefed up in and around Ibadan Airport, where President Goodluck Jonathan did a stopover on his way to Osun State for a political rally by his party in solidarity with the party’s governorship candidate in the next Saturday’s gubernatorial election, Otunba Iyiola Omisore. Not only were security operatives, including regular policemen and plain clothed ones, swarmed around the airport, the operatives also strategically positioned themselves in the nearby Hope Junction, Alakia,Adegbayi and Iyana Agbala . A helicopter was also seen hovering over the areas

surrounding the airport to complement the work of the security operatives on ground. President Jonathan later arrived the Ibadan Airport where he was welcomed by Governor Abiola Ajimobi of Oyo State, top „RXKMQzKQEF R§WNHjIF HQ|F ER`F members of PDP in the South West KURMKFJKFjK‚FURMF IVQF EHEKÂ… President Jonathan later joined his PDP members at a campaign in Osogbo, the Osun State capital, where other PDP leaders, including Chief Tony Anenih; former Oyo Governor, Christopher Adebayo Alao-Akala; Ekiti Governor-elect ,Peter Fayose ; Senator Lekan Balogun and former House of Representative Speaker, Dimeji Bankole, among others, joined him in the rally. The Chairman of the Senate RzzN™KKF RQF H`NEHjF HM~KEƒF

Senator Ayoade Adeseun, has, meanwhile commended President Jonathan over his visit to Osun State in connection with next weekend governorship election in the state, describing the visit as a fatherly gesture. Senator Adeseun, representing the Oyo Central Senatorial District, in a release signed by the Director, Media and Publicity RzzN™KKF RUF JNIF WHz`HN„QF Organization in Ibadan, Mr. Dayo Omotosho, commended the President for his spirit of solidarity with the PDP governorship candidate in the Osun election, Senator Omisore. Adeseun also commented on the proposed one billion dollar loan being sought by the Federal RXKMQzKQEF ERF L„JEF EKMMRMNIzƒF vouching his support for the loan.

“No amount of money can replace the precious lives of Nigerians,� he emphasised. Adeseun, who is also a member RUF EJKF KQHEKF RzzN™KKF RQF Sports, equally gave kudos to Nigeria athletes who have done the nation proud by winning gold and other laurels at the ongoing Commonwealth Games in Glasgow, Scotland. It would be recalled that Senator Ayoade Adeseun in 2011 contested and won the Oyo Central Senatorial District on the platform of the defunct Action Congress of Nigeria (ACN). He recently defected to the Peoples Democratic Party (PDP) while it is believed that he will be contesting in the 2015 Oyo State governorship election under the party’s umbrella.

German investors to build Afe Babalola Teaching Hospital, power station Akin Orimolade

A

fe Babalola University, Ado Ekiti, will today begin |NIWVIINRQIF GNEJF HF EKHzF RUF KMzHQF LQHQWNKMIF RQF EJKF WRQIEMVWENRQFRUFNEIFEKHWJNQ„FJRI`NEHjFHQ|FHFEGRÂżzK„HGH™F power station on the campus. JKF JNKUF KI`RQIN NjNE{F §WKMƒF K|F KIRVMWKIF NzNEK|ƒF EJKF renewable energy expert who facilitated the visit of the Germans, Mr. Francis O. Sheen, disclosed that the foreign investors would be in the country for one week. WWRM|NQ„FERFJNzƒFEJKFXNINENQ„FLQHQWNKMIƒFGJRFJHXKF KKQFGRM~NQ„F on the projects for the past nine months, would visit Ado Ekiti, I`KWNLWHjj{ƒF NXKMF HF jKzNƒF EJKF IRVMWKF RUF EJKF `MR`RIK|F J{|MRF power. Speaking with Sunday & & ! in Abuja, Mr. Sheen said: “ I have the mandate from Aare Afe Babalola to establish an industrial park and hydro power for Afe Babalola University, Ado Ekiti, at Oba Ilemi. “We started it about nine months ago. I won a general programme from United State Africa Development Foundation, and I won EJKF WRz`KENENRQÂ…F F EREHjF RUF  Â•F `H`KMIF GKMKF IV zN™K|F ERF |RF EGRF zK„HGH™IF`RGKMF`MR|VWENRQF {FIzHjjFJ{|MRÂż`RGKMÂ…F VMFWRz`HQ{F won the bid.â€? He further stressed that “We are going to use the Unido/Nigeria expertise and technical process. A lot of Nigerian engineers would be employed and involved in the project and we intend to use the River jKzVFERF„KQKMHEKFEGRFzK„HGH™IFRUF`RGKMÂ…F HMKF UKF H HjRjHFI`KQEF N20m a month on power for 5,000 children in various faculties. We intend to address that with the construction of the power project.â€?

Council chairman’s wife empowers widows, submits 90 names for empowerment Cyprian Ebele, Onitsha

I

L-R: National President, Christian Coalition Against Corruption (CCAC), Bishop (Dr.) Francis Shopekan; Guest Speaker, Chief Martins Onovo; representative of the former Chairman of the Economic and Financial Crimes Commission (EFCC), Hon. Bello Malabu, and former Lagos State Governorship candidate of the Democratic People’s Alliance, Jimi Agbaje, during the CCAC’s seminar on corruption with the theme: ‘Uproot Corruption in our System’,

Club Inspirati tasks Nigerians on wealth creation

Bukola Bakare

N

igeria, as a country, has been urged to manage the poor if it wants to surmount challenges. This was the submission of several speakers at the 6th Anniversary/Book Presentation of the Club Inspirati held yesterday at the Centre for Values in Leadership in Lagos. Delivering his welcome speech at the event, President of the Club, Deacon Lanre Oyetade, who is also the Editor, Sunday Newswatch, said that the idea of Club Inspirati started six years ago. “We saw so much mediocrity that we wanted to address in the land, hence the reason for starting this Club on August 02, 2008. The whole idea is to create wealth in the mind of Nigerians,� he said. Also, in his goodwill message, Mr. Ajani Omotosho Salau, a member of the Club, commended the President for his foresight, and added that the Club had impacted a lot on members. His words: “Club Inspirati is

geared towards impacting wisdom for successful living and best personal LQHQWKF`MHWENWKIFNQFzKz KMIFHQ|FEJRIKF EJK{F NQŽVKQWKƒF HQ|F ER|H{F NIF HQREJKMF landmark in its history.� Salau further hinted that The Inspirati Academy GRVj|F IRRQF EH~KF R ƒF HQ|F VM„K|F zRMKF people to join. The event also witnessed testimonials from long-standing members of the Club, including Chief R.D. Omolade and Elder Abiodun Oladapo. Speaking on the topic: Success keys to my life’s story, Professor Pat Utomi, founder, Centre for Values in Leadership, said that one of the things that has impacted on his life as an individual is the teachings of the late Stephen Covey, who wrote the book: 7

! " # $ % “In today’s Nigeria, everyone seems ERF KF jRR~NQ„F URMF IKjUF „MHENLWHENRQƒF IRF GKF JHXKF |N KMKQEF zKHIVMKIF RUF GJHEF is important in life. As an individual, I am always broke and that’s the truth. The pertinent question here is, “how zVWJFUVjLjzKQEF|RF{RVF„KEFGJKQF{RVF possess several private jets, but everyone around you is in the slum?� He asked rhetorically. Utomi emphasised that the major challenge Nigeria is facing is the challenge of managing the poor. “If one person wants to take so much, then, everyone is poor. As a person who

teaches business, people need to develop their personal strategy, which involves LQ|NQ„FRVEFGJHEF{RVFGHQEFERFH™HNQFNQF life. One must be able to set a course, and always know when to bounce back. In EJKFLQHjFHQHj{INIƒFGJHEFEH~KIF{RVFUVMEJKMF in life are your values,â€? he said. In the same vein, Ms. Hauwa Audu, an investment expert, CEO, Amyn Investments Limited, and author of the book; ‘Can Every Nigerian be a Millionaire?’, also shared some nuggets about wealth creation at the event. ž MRzF {RVMF IV KMNQ„IF NQF jNUKƒF {RVF can make up your mind on what to be. Wealth creation is key to our sustenance as individuals and as a nation. It remains the panacea for poverty,â€? she reiterated. A high point of the event was the `V jNWF`MKIKQEHENRQFRUFEGRF RR~IFGMN™KQF by the Club’s President, viz, ‘Inspired keys to Successful Achievement’ and ‘Inspired Keys to Financial Freedom’, which were unveiled by the chairman of the occasion, Chief Rasheed Gbadamosi, OFR, as well as the presentation of awards to deserving Nigerians. The awardees included Barrister Jimoh Ibrahim, OFR, Ms. Hawa Audu, Rev. Tunde Lemo, Alh. Mojeed Jamiu, Akin Olaniyan, Ayo Arowolo, Rev. Tope Popoola and Dr. Ayo Teriba, who were all given the Super Mentor-Member awards. The Mentor-Member inductee awards went to Professor Pat Utomi,

Ms. Toyosi Ogunseye; Editor, Sunday Punch, Chief Olatunde Onakoya, Pastor Segun Olatunji, Erelu Bisi Fayemi, Chief Rasheed Gbadamosi and Isaac Okorafor. Also, the Club inaugurated 10 Inspitati Annual Excellence (IAE) Awards, four of which were nominated for, including the Hauwa Audu Excellence Award for Biblical Wealth Creation, which went to Pastor Ajibayo Akinjiyan; the Segun Olatunji Excellence Award for Purity and Power, received by Pastor Temitayo Olatoye, while the Pat Utomi Excellence Award for Valuable Leadership, and the Gbenga Efueye Excellence Award for Victorious Resilience went to motivational speaker and CEO, GEMSTONE Group, Fela Durotoye, and Deacon Oladejo Kunle Gabriel, respectively. Four members of the Club in the persons of Chief R.D. Omolade, Elder Abiodun Oladapo, Mr. Salau Ajani Omotosho and Mrs. Nancy Adanna Oyetade, were also honoured at the event as outstanding members. Dignitaries, who graced the occasion, included Dr. Christwealth Kolawole, founder, Livingstone Group of Schools, and Mr. Femi Awoyemi, CEO, Proshare Nigeria, among others.

QF JKMF N|F ERF KQIVMKF HF K™KMF GKjUHMKF URMF EJKF |RGQEMR||KQF NQF Awka-Etiti, Idemili South Local Government Area, Anambra State, Barrister (Mrs) Ogoo Ezenwa, wife of the Council Chairman, Henry Ezenwa, weekend, empowered 10 widows by distributing wrappers and money to them to engage in small scale businesses. Presenting the items during the Awka-Etiti Women Wing Summit held at the town hall, she stressed the need to assist the downtrodden in the society, pointing out that days were gone when the women were relegated to the kitchen. “Today, it is no longer like that, women are equal to the men now. FEJNQ~FGJHEFHFzHQFWHQF|RƒFHFGRzHQFWHQFQRGF|RF K™KMÂ… “So many women are in position of trust in the state today, you have a supervisory councillor for education, Hon. Amaka Obidigbo, she is here; a woman commissioner, Azuka Enemuo and the Commissioner for Education, Prof. Mrs Azuka Umeghalu and others too numerous mention. “The wife of his Excellency, Mrs. Ebele Obiano, because she wants to encourage and empower the down trodden women in the state has directed us to submit their names which include, 30 widows, 30 orphans and 30 destitute to her and I have done that.â€? Commending the wife of the council chairman, the Speaker of the RVQWNjƒF RQÂ…F zH~HF NFHQ|FLMIEFGRzHQF RVQWNjjRMFUMRzF G~HÂż Etiti community, assured that the council First Lady would provide dividend of democracy to the downtrodden women and others. Her words: “I had earlier empowered 10 widows and will do more because they need help from us as the legislators and I believe we will not disappoint them.â€? She described lady Ezenwa as a woman with large heart who needed their support to achieve her aims and objectives. Eealier in her speech, the President General of the Community, Women Wing, Lady Professor Uchenna M. Nzewi, commended EJKFWRVQWNjFLMIEFjH|{ƒFI`KH~KMFHQ|FRVE¿„RNQ„FGRzKQFKÂŁKWVENXKFHQ|F Chairman of the occasion, Professor Obiajulu Emejulu, for their contribution towards moving the community forward.

Band of Good Hope holds meeting

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and of Good Hope Society, Ondo State, will hold its meeting today, at the residence of Mr. Abiodun Oladapo, at 28, Ayemidun Street, Ayeyemi, Ondo.

Oyo APC gets new spokesman Olusakin Babalola, Ibadan

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ll Progressives Congress (APC) in Oyo State has appointed Mr. Wasiu Olawale Sadare as its new Director of Publicity, Research and Strategy. The announcement, which was contained in a statement issued by the party’s state secretary, Hon. Mojeed Olaoya, had it that the appointment of Sadare became imperative in order to fortify the party, particularly in the area of publicity and media relations. The new director of publicity and strategy was born in Ibadan some 40 years ago. He is a graduate of Mass Communication of the Polytechnic Ibadan. He started his journalism career at the defunct Sketch Press Limited in 1997. Sadare also served as a reporter/correspondent in a number RUF`MNQEFzK|NHFRVELEIFVQENjF’“””FGJKQFJKF¢RNQK|FHWENXKF`RjNENWIÂ…F He is happily married and blessed with three children.

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SUNDAY NEWSWATCH, AUGUST 3, 2014

South

NEWS

Panic as Boko Haram threatens to attack A’Ibom T

Anamba First Lady to assist 5,000 women, 2,000 vulnerable children Alphonsos Eze

We are battle-ready – NDPVF, NDPSF Bassey Anthony, Uyo

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here is palpable fear in Akwa Ibom following reports of planned attacks by the dreaded terrorist sect, Boko Haram on major towns in the state. In a statement issued to newsmen in Uyo, the state Commissioner of Information and Communication, Mr. Aniekan Umanah, disclosed that the state government was in receipt of text messages suspected to emanate from the terrorist group threatening series of bloody attacks in the state. According to the government, the Boko Haram insurgents, in the text messages, pointed out that they were targeting churches, schools, markets and other public places. Accordingly, the government has advised members of the public to be security conscious and extra vigilant by promptly reporting to security personnel suspicious movements of strange elements and other actions that constitute security threats. In order to stave off possible attacks, the state government has directed security agencies including the police, the State Security Service (SSS), the army,

the Nigerian Security and Civil Defence Corps (NSCDC) to be alive to their responsibilities. Umanah stressed that government was determined to ensure the safety of lives and property of indigenes and other Nigerians resident in the state and assured that the state would continue to be safe and peaceful for everyone including foreign investors. Meanwhile, the Alhaji Mujahid Asari-Dokubo-

led Niger Delta Peoples Volunteer Force (NDPVF) and the Niger Delta Peoples Salvation Front (NDPSF) have warned the Boko Haram sect to steer clear of any state in the Niger Delta region failing which it will declare a full-scale war against it. In a joint press conference yesterday, the Akwa Ibom State Zonal Leader of NDPSF/NDPVF, Jones Ufot warned Boko Haram to ‘keep to their limits in the North� failing which

all freedom fighters in the Niger Delta would mobilized to take its fight to the North. According to Ufot, the NDPSF and the NDPVF are battle ready to confront Boko Haram and checkmate its excesses should any drop of blood be spilled in the Niger Delta. Also, the state government has frowned at the subtle resurgence of motorcycle operations within the Uyo metropolis despite a subsisting ban on all forms of motorcycle operations within the area.

Abia POWA empowers 64 widows Boniface Okoro, Umuahia

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L-R: Professor Wole Soyinka; Rivers State Deputy Governor, Tele Ikuru, and Governor Chibuike Amaechi, at a dinner in honour of Professor Wole Soyinka’s birthday in Port Harcourt, Rivers State‌recently.

2015: Umeh sure of victory –Igbo leader Cyprian Ebele, Onitsha

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s the 2015 general election draws nearer, an All Progressive Grand Alliance (APGA) member of Board of Trustees, Chief Rommy Ezeonwuka, who is also the Igbo Spiritual Leader, weekend, disclosed that the APGA National Chairman, Chief Victor Umeh, is sure of Senatorial victory as he would emerge the party candidate to contest as the Anambra Central Senatorial

he wife of Anambra State Governor, (Mrs.) Ebelechukwu Obiano, has said that she wouldl assist 5,210 indigent women to set up IzHjjFIWHjKF VINQKIIKIFHQ|FFÂ’ÂƒÂ•Ă Ă FXVjQKMH jKFWJNj|MKQFGNjjF KQKLEF from her welfare scheme. The First Lady, who stated this Friday, while declaring the 2014 Women Summit, also promised that 1,416 physically challenged persons are to also receive succour from her pet project, Caring Family Enhancement Initiative (CAFÉ). Mrs. Obiano also said that she would set up 10 old people’s home WKQEMKIFNQFEJMKKF|N KMKQEF KQHERMNHjFĂ‚RQKIFRUFEJKFIEHEKFERFEH~KFWHMKFRUFEJKF H„K|ƒFGJRFJNEJKMERFJHXKF KKQFH HQ|RQK|FHQ|FURM„R™KQÂ… Speaking on the theme of this year’s Women Summit, ‘Women and Progress in Anambra – A Priority Agenda,’ Mrs Obiano observed that |VKFERFEJKFMRjKIFGRzKQF`jH{FNQFEJKFIRWNKE{ƒFNEFJHIF KWRzKFHFzH™KMFRUF concern that their healthcare and other needs were not readily available HQ|FH RM|H jKÂ… In his remarks at the occasion, Governor Willie Obiano assured of continued fair representation of the womenfolk in his government and doors of opportunity for women to excel in various callings. JNKUF NHQRFQREK|FEJHEFGRzKQFJHXKFIN„QNLWHQEFMRjKIFERF`jH{FNQFJNIF administration’s quest to transform Anambra State, emphasizing that development cannot be realized without rebuilding the fabrics of society, hence the critical contributions expected from mothers. “You are the pivot of the family and the true agents of civilisation. No child ever forgets the values his mother handed down to him. Our mothers must plant the right values in children.â€?

District candidate. Disclosing this while commending Umeh for slaughtering two cows and giving same to the APGA Muslim members in the state during their recent salah celebration held at Rojenny Tourist Village, Oba, Chief Ezeonwuka stated that the Igbo have realized the need to use APGA as a platform to achieve their political ambition. His words: “Umeh’s Senatorial ticket has already been endorsed by APGA Trustees, stake holders

and those resident at the Central Senatorial District because they have seen the achievements of APGA right from when former Governo Peter Obi was in power and now that Governor Willie NHQRF IEHMEK|F GNEJF ÂŽVIJNQ„F RVEF criminals from the state.â€? According to him, “Obiano JHIF NQEKQINLK|F EJKF NQUMHIEMVWEVMHjF development of the state and by the time he will spend one year NQF R§WKƒF QHz MHF EHEKF GNjjF KF heaven on earth.â€? Chief Ezeonwuka, a patron of

uccour came the way of 64 widows, who were yesterday Kz`RGKMK|F {FEJKF RjNWKF §WKMIF NXKIF IIRWNHENRQFĂ… ÆFRUF Abia State Police Command. RzKF RUF EJKF KQKLWNHMNKIF GJRF GKMKF GNXKIF RUF |KWKHIK|F RjNWKzKQF received either sewing machines, hair dressing equipments, grinding machines or cash. ||MKIINQ„F EJKF KQKLWNHMNKIF |VMNQ„F EJKF F Kz`RGKMzKQEF `MR„MHzzKƒFJKj|FHEF RjNWKF §WKMI€F KIIFRQF HWERM{F RH|ƒF zVHJNHƒF the Commissioner of Police, Adamu Ibrahim, said it was the desire of his command to impact positively on the widows and their families. “We saw that there is the need for POWA to empower her members so that they will have good means of livelihood, which would help cushion EJKFQK„HENXKFK KWEIFRUFEJKFjRIIFRUFEJKNMF MKH|FGNQQKMIÂ… “Instead of allowing you to wallow in idleness, we felt that you should be empowered and that is why we have to select a few items for empowering a few of you for now and I pray that you make judicious use of these items,â€? Ibrahim said. Baring her mind in an interview, Chief Superintendent of Police (CSP), IEJKMF KEVƒFGJRFNIFHjIRFEJKF NXNIRQHjF RjNWKF §WKMFĂ… ÆFRUF H~HjHF Police Station in Umuahia South Local Government Area, also enjoined EJKF KQKLWNHMNKIFERFzH~KF¢V|NWNRVIFVIKFRUFEJKFNEKzIFURMFEJKF KQKLEFRUFEJKNMF families. F KQKLWNHM{ƒF HIERMF MIF jKÂŁF RQ„ƒF UMRzF ~GHF RzF ƒGJRF was shedding tears of joy, expressed happiness that the Police have remembered them, adding that it was a sign that their departed husbands did not die in vain.

the Muslims in the state, who built a Crime reporters congratulate acting IGP mosque for them at Rommy Tourist Village, Oba, hinted that they have Folake Sokoya found solace in APGA. rime Reporters Association of Nigeria (CRAN) has yesterday, He said, “I help to make them congratulated Mr. Suliaman Abba for his appointment as new to be law abiding, some of them acting Inspector-General of Police (IGP). are artisans. Some were born here This was contained in a statement signed by the chairman of the before the Nigeria/Biafra Civil War association, Mr. Christopher Oji, made available to Sunday Newswatch and they are not ready to go back to in Lagos. the North.â€? President Goodluck Jonathan on Thursday had appointed Abba as He said, “APGA is the only party new acting I.G., to replace Mohammed Abubakar, who retired from the that can unite the Igbo and project RMWKFH‚KMFEJKFzHQ|HERM{FĂˆĂ F{KHMIFNQFIKMXNWKÂ… EJKzF HIF K™KMF WHQ|N|HEKF EJHQF CRAN commended the President for his wisdom in choosing Abba People Democratic Party (PDP), ERFMK`jHWKF V H~HMƒFIEMKIINQ„FEJHEFEJKFQKGF Â… Â…FGHIFHFLQKFR§WKMFGJRF hinting that PDP has been torn into has distinguished himself in various positions. pieces by crises.â€? ž F HIF IEH~KJRj|KMF NQF IKWVMNE{F zH™KMIF JHIF URjjRGK|F EJKF EMHW~F records of Abba and has come to the conclusion that the President made EJKFMN„JEF|KWNINRQF {FH``RNQENQ„F HFERF`NjREFEJKFH HNMIFRUFEJKF`RjNWKFHEF this critical period.

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Ondo to construct N300m footbridges Peter Dada, Akure

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ndo State Government, through the Ondo State Oil Producing Areas Development Commission (OSOPADEC), has launched the construction of innovational footbridges in the riverine areas of the state to ease mobility of the residents. The bridges worth N300 million, which would be constructed in the OSOPADEC mandate areas of Ilaje and EseOdo Local Government Areas, would cover a distance of over 10

kilometres in 157 communities. The construction of the bridges was launched at the Ayetoro Community Hall in Ilaje Local Government, at a programme H™KQ|K|F {F|N KMKQEFIEH~KJRj|KMIF WRz`MNINQ„F EJKF R§WNHjIF RUF EJKF OSOPADEC, traditional rulers from some of the communities, youth and women groups’ representatives and government R§WNHjIÂ… Speaking at the event, the Chairman of Commission, Mr Wole Johnson Ogunyemi, said the project was a demonstration of the government’s commitment to improve the lives of the people in the riverine areas. JNjKF |KWjHMNQ„F EJHEF EJKF LMIEF phase would be completed within 12 weeks, the chairman explained that the second phase of the

pedestrian bridges would soon start, noting that the commission was working in tandem with the vision of the state Governor, Dr Olusegun Mimiko, to develop rural areas. He added that the footbridges would last for a minimum of 10 years, unlike the previous ones, while the pedestrian bridge, according to the design, would be constructed with galvanised steel iron on which iron wood planks GRVj|F KFL™K|… He then urged the people of the areas, particularly those in the communities where projects are sited, to cooperate with the contractors and OSOPADEC on the projects so that the projects can be completed on schedule and pave way for other developmental projects in the

area. The chairman also implored the people to see the projects as their own because the gesture RUF„RXKMQzKQEFH KWEIFEJKFjNXKIF of the people directly. In his remarks, the traditional ruler, the Odode of Gbegunrin, Oba Phillip Kalejaye, commended OSOPADEC and the state government for various developmental projects that actually touched the lives of the people. In the same vein, the representatives of some communities who spoke at the ŽH„F R F WRzzKQ|K|F EJKF IEHEKF government for the project and urged the people to cooperate with those that would execute the projects.

Otti vows to challenge Abia PDP zoning Boniface Okoro, Umuahia

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igns that the zoning arrangement adopted by the Abia State WJH`EKMF RUF KR`jKIF KzRWMHENWF HME{F Ă… ÆF zH{F zKKEF IEN F R``RINENRQF HMKF KzKM„NQ„F HIF RQKF RUF EJKF H KWEK|F „RXKMQRMIJN`F aspirants has vowed to challenge the party’s stand. jKÂŁF ™NƒF MRV`F HQH„NQ„F NMKWERMFRUF NHzRQ|F HQ~FHQ|FRQKFRUF the contenders for the seat of power in Abia, said the decision by Abia PDP to zone the governorship slot to Abia South would not stand, describing the decision as “a farce and huge political joke.â€? The bank’s executive, who hails from Abia Central, spoke in Aba through the Director-General of his Governorship Alliance Campaign Organisation, Chief Uchechukwu Ijioma. ž RQNQ„FNIFHQFHMENLWKFHQ|FWHQQREFJRj|ÂƒĂ‡FJKFIHN|ƒFzHNQEHNQNQ„FEJHEF all aspirants desiring to contest the governorship race should not be hindered because of their nativity in order not to allow mediocre to JÂŻHW~FEJKF`HME{€IFENW~KEÂ… JKF|KWNINRQFRQFGJRFÂŽNKIF FENW~KEƒFJKFHM„VK|ƒFGHIF K{RQ|FHQ{F single individual, including the governor and PDP’s leadership. “That decision lies solely with the masses through the delegates at the primaries,â€? he said.

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$ )* (H $ H %, ($%(H %(H *H/ ();E 2 H ) =H D + + H )H +$ (H &( ))+( H (%#H * H & %&" H % H 4 + H %+* H $ H ! /H &%" * $)H - * $H * H %+$*/H *%H * (H %$* )*H * H ) $ * H %(H &( ) $ /H $H 3­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) % : & : !! : ' 2: : !! : ' : %: & &: ) :) : ! : :& : & : " 3: $ 9 %& % : & : %'"$ +: ! : & : . : %: : " $&+: : !( $ &:

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$

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! &"$ " ! , ) " $ #$ % !& & ' "'& ! & & "! %% , % %" & !& $ $ ! " & $" $ %% ( %

"! $ %% ! & ' & & " % $ & $ & $, " $ ) " $ ! &$""#% &" % ( $ # # ! %% ! !&% &" ! "'$ ! "'!&$ % ! $ " %#" ) & & ! ! "! & !&"$ ! ! $"" ! " ,"'! # "# , "( "! ! &" $% # #"% & "!% ! & "'& " ! & ! "$& $ !% # & "! "! "& $% !* $#&%

)& ) + # + + $ # # + # # # # , + + " $ # + &$%2& # $ $ * $ ; %; ; ! ; ; & &; % +%; & ; !'& ; %; !&; ; %" $; ; %!4; &; ! % 9&; ' ; ; ( ; +; )!' 3; ; ; %; & &; +! ; ! ; '%; ; % +; +& 3; 4'&; ; ; 7!!( $ !$8; %; &4; ) ; & '; " !" ; "&; & !% ; ; ; ; %; &!$ ; &!; $' ; & 6; ; ! ' & %; $! ; ) $ ; & +; $ ; $ ; !) 3; !' ;& % ;" !" ; ; &$' ; $%; !$; ) ; & +; ; $!' &; ! +; &!; % & % +; & ; ; ! ; ! ; " $%! 6; ! ย ; ; !) ; & % ; $ ; #' %& ! %; & &; ! ;) ; % ; !$ ;"$!( ; ; %) $3; 2 ( ; % ; & &4; ; ; & ; %& & &; & &; ; ( ; ; %; &!$4; ; ( ; ย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

! ; !( $ &3; &;% !' ;%"$ ;&!;& ; & ; %&$ & ; ! ; 3; 4'&; %; &; $ & +; -2; ! ; !( $ &; !' %; '% ; ; &%; & ; ! ; !( $ &; & ! ; ; & ;%& & ; ! ;&!; ;! ;'%3 & $ %; & ; !$& ; " $ !$ ; ! ; + # , & ;"! & ;" $& %4; ; "& ;& $; , # # "!% & ! ;! ; ; ' $;/; ; ;& !' &; ) , $ # . ; ) ; %!; "&; & $; "!% & ! ; &2 &$%' + + $# ! ; ; ' $; .; '% ; . ; ) %; + + !( $) ; ; ;& ;-0;) $ %3; ! $ + + + ;& ;. ;)! ; &;&!; ; ;& ; " . # + !( $ ; ' ' & ( ;(!& ; %&; ;& $ %;! ; " * & ; $ % "4;. ; $$ ;& ; +3; ; %; ; "! & ; !&$+; ; & ; ) %; ; & 4; ;(!& ; ; &; ;"! &4; ; %; ; ( % $; &!; & ; $ & ! ; & ; (!& %; ; -/; ) $ %; ) $ ; !' & 4; %& &'& ! 4; ; & $ ; %; +& ; & &; . ;) %;( $+; $; ;! ;'%; ; ; ; ; &%;& ; $ 4;& $ ; %; !;) +;& &;%! ; ! $ &' & ;. ;.' ; ; & ;! ; ! ; '%; ; $' ; ) +; $! ; &4; %" +; . ; '% ; ;& !' &;& ;" !" ; ( ; ) ; %' ; %%' %; ( ; & ; & +; &!; %"! 3; ; %!; ( ;& &;& ; & ! ; ; %$'"&; & ; " ' ; !: * %& ; ! ; & ; & ; $ ;! ;. ;.' ;) %; % ;! ; ! ' &+3; %; ; $ ; $$+ ; $; %;" $%! &+; %; ; ( ' ; '% ; ! ; & ; ; $! $ %% ( %; ; ; & ; -0; ) $ %; ! ; ! $ %%; 7 8; 4; ;

& ; !$& 4; ; & $ ; $ ; ! ; & ; ( $; % $ & ; &; $&+; ; & '; & & 4; & ; !'$% ; ! ; %; % $( ; ; ) ; & ; !$; +; " $&+; %; ; '%&! ; !ยง ;; $4; ; ;$%&4; ;& ; !! ; &;& ; ) %;( $+;"!"' $; ! ; " $ !$ %; ! ; !& $; & ; +!'& %; ; & ; "! & ;" $& %; ;& ; ! ' &+; ; ! ! +; &;& ;" $ !$ ;! ;& ; $!) ; &; 3; ' " $ 4;& &; %; 5 3; 4'&; & ; ! &$!( $%+; ; !'&; ; & ; ! ; ;) ;% +;& &; ! %& +4; % !%'$ ; ! ; & ; (!& %; ; ;( $+;) 4; ( ; &!; ! ; $! ; ! ; ! ; & !' ; ) ; ) $ ; $ ; & ; ) $ %3; &; %; &; !'&; ; !'$; ; $ &; ) $ %4; ; ( ; ; & !% ; ) $ %; & &; ) ; )! ; (!& %; ; ! ; 4; &; '$ ; & ; "! 3; 4'&; &!; )!' 9&; ; & ; !);" ;&!;"$ ( 4;) ; !$; %&!"" ; . ; $! ; " ; ) & ; !'$% ( %; ) ; & ; & ! 3; !&; &!; ; ; %%' ; ! ; +; %&$! ; ; %; ; &; '% ; & ; " $&+; '%&; !! ; $ %& ; ; ; $ ; ; & ; $ $; !! ; " $&+; ; ) !; ! +; ; ; &!; ; &; %; %!; ;& ; $! ; !&;&!!; ! ; !; ;) ; & ; (! &; ! ; & ; % *; ) $ ; ;) & ;& ; ! ; ! ; !( $ &; $ %; !( $ &; & ! ; ; !) ;&!; ( ; ; ; . ; ; . ; %; &; ; ; &!$3; ; ! %& +; ; &%; & ; !$& ; !' ; ( ;% ;& &;. ; ) $ ; ! ; $!' ; !$ ; .' ; ! ; . ; !' ; ( ; '%3; !4; %'$ +4; . ; ) ; ; ' ; &!; ( ; ( ; ; ; ; . ; )! ; & &; & ! 3; 4'&; ) ; %!; ( ; ; ; ! ; !'$% 4; & $ ; $ ; ); ; ; '%& 9&; %!; !$ &; ! ; & ; +!' ; ; ; %&!$+; & &; ; ) %; ; . ; )! ; $! ; & ; $3; !4; ; !); & ; ) !; ( ; & +; %&$ & ; ;) %% %; ! ; &!; & ; !( $ !$; ! ; . ; ; & ; !$ ; & ; + ! +; % 3; !$& ; ; ; %!; !);

+; +; ( ; ;$ %"! % ; !$;& ; & & ! ;! ;& ;' %% $+; !'$&;&'%% %; '% ;& &; %; ; %%' ;& &;)!' ; ( ; ! ;& $!' ; ;&$ ' ; '% ;& $ ; %; ;$ ' & ! ; ' ; 5 3;

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ย ;; !$; ; &!; ; !! ; & &; % ! ; +; ; ; !! ; %% !$; ! ; %; "! & ; " $&+4; & ; . 4; ; !$;& !% ;) !; ( ; ; &; ! "' %!$+;& &; ; $ %;& +;% !' ; ! ; ; &!; %'$ ; & &; & +; ! ; !! ; %% !$%;! ; . 3; &; %;& &; & +; ( ;&!; !; ( $+& ;&!; ( % ;& ; +!' ; ;&!; ( ; %;& ; & $;! ;& ; ! ; !( $ &; ;% & +; & ; $! ; ; '%&;! ;" $&+; 3; $ # ) , % + , , # # # ) + + , & " + # ) + ) + + # " ) &$%2* !3; ; ! 9&; %' % $ ; &!; & &; !" ! 3; *$! ; & ; %& & &; ! ; & ; !'& ! ; !( $ !$4; ) &; ; % ; ) %; & &; & ; " !" ; ! ; 5 & ; ( ; %"! 3; 4'&; & ; " !" ; ! ; 5 & ; ) ; !$ ( $; $ ; & ; " !" ; ! ; 5 & 3; ! ( $; )! ; & ; % &; ! ; !( $ !$; ; 5 & ; ; ) & ( $; "! & ; " $&+4; ) &; & ; " !" ; ! ; 5 & ; ) &;&!;% ;& &;" $%! ; !; %;&!; ; &;& ; ;& &;) ; $ ; !'&;& ; % $ ; $% "; +; ( $+! ; % 4; ; & &; & ; !( $ !$; ) ; ( ; &!; $' ; & ; %& & ; ) & ; ; '% ( ; "$ " %; +; & ; ( $+ ! +;! ; ! $ 3; !; 4;) &; ย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ย ; $3; ; !); & &; ) & ( $; & &; %; &; %; ;& ; & $ %&;! ;5 & ;" !" 3; ;! ;)!$ 4;5 & ;" !" ; ( ;%"! 3

25

SUNDAY NEWSWATCH, AUGUST 3, 2014

ARTS & REVIEW

with Bukola Bakare bukola.bakare@mydailynewswatchng.com 08034198320

Making success of one’s undertakings Title:F QI`NMK|F K{IFERF VWWKIIUVjF WJNKXKzKQE Author: Lanre Oyetade Publisher: The Inspirati Academy Reviewer: Bukola Bakare

Y

esterday, all roads led to the Centre for Value in Leadership (CVL) owned by Professor of Entrepreneurship, Pat Utomi, for the sixth anniversary of the Club Inspirati. As part of activities to mark the day, two books were presented to the public at the occasion; one of them being Inspired Keys to Successful achievement GMN™KQF {F |NERMƒF VQ|H{F Newswatch, Olanrewaju Oyetade. The book comes in a glossy purple cover embedded with the yellowish picture of a door opened ajar with a gigantic key which symbolises the whole essence of the book; NQI`NMNQ„F`KR`jKFERFH™HNQFEJKF very best in life. EHMENQ„F R F RQF HF `RKENWF QREKF GNEJF HF `HQNIJF ĂŠVREKƒF {KEH|KF GMNEKIˆF } HjV|ƒF Dinero y Amor y Tiempo para disfrutarlo’ which means health, money, and love, and the time to enjoy them. In the introductory paragraphs, the author, who has a

~QHW~F URMF LQHQWNHjF zH™KMIƒF enjoins everyone to have a positive eye on the future. This is closely followed by an acknowledgement and dedication pages. The book is presented in 99 pages, and has 29 WJH`EKMIÂ…F KWENRQF F R`KQIF with vision where the author highlights the importance of light education as being crucial in the several things that an individual hopes to H™HNQF NQF jNUKÂ…F KF RMMRGIF a leaf from Dr. Edward Krammer, who says that: “All the power you can ever use now exists and awaits your intelligent masteryâ€? Ă… „…’Æ…F F KMKƒF {KEH|KF addresses the imperatives of HWĂŠVNMNQ„F ~QRGjK|„KF NQF EJKF process of wealth creation, management, multiplication HQ|F `MKIKMXHENRQÂ…F KF IEHEKIF that ignorance of the mind is a serious bondage and people should learn to invest on their minds to move forward. This chapter also talks about H™NEV|NQHjF WJHQ„KF HQ|F EJKF beauty of education.

POETRY A good play We built a ship upon the stairs All made of the back-bedroom chairs, Q|FLjjK|FNEFUVjjFRUFIR‚F`NjjRGIF To go a-sailing on the billows. We took a saw and several nails, And water in the nursery pails; And Tom said, “Let us also take An apple and a slice of cake;� Which was enough for Tom and me To go a-sailing on, till tea. We sailed along for days and days, And had the very best of plays; But Tom fell out and hurt his knee, RFEJKMKFGHIFQRFRQKFjK‚F VEFzK…

About the sheltered garden ground

About the sheltered garden ground The trees stand strangely still. The vale ne’er seemed so deep before, Nor yet so high the hill.

Not my business They picked Akanni up one morning KHEFJNzFIR‚FjN~KFWjH{ Q|FIEV K|FJNzF|RGQFEJKF belly Of a waiting jeep. What business of mine is it RFjRQ„FEJK{F|RQ€EFEH~KFEJKF{Hz From my savouring mouth? They came one night Booted the whole house awake And dragged Danladi out, JKQFR FERFHFjKQ„EJ{FH IKQWKÂ… What business of mine is it RFjRQ„FEJK{F|RQ€EFEH~KFEJKF{Hz From my savouring mouth? Chinwe went to work one day Qj{FERFLQ|FJKMF¢R FGHIF„RQKˆ RFĂŠVKM{ƒFQRFGHMQNQ„ƒFQRF probe Just one neat sack for a stainless record.

QFHGUVjFIKQIKFRUFĂŠVNKEQKIIƒ A fulness of repose, Breathes from the dewy garden-lawns, The silent garden rows.

What business of mine is it RFjRQ„FEJK{F|RQ€EFEH~KFEJKF{Hz From my savouring mouth?

As the hoof-beats of a troop of horse

KHM|FUHMFHWMRIIFHF`jHNQƒ A nearer knowledge of great thoughts Thrills vaguely through my brain.

And then one evening As I sat down to eat my yam A knock on the door froze my hungry hand.

I lean my head upon my arm, My heart’s too full to think; Like the roar of seas, upon my heart Doth the morning stillness sink.

The jeep was waiting on my bewildered lawn Waiting, waiting in its usual silence.

Poems by: Robert Louis Stevenson

Poem by :Niyi Osundare.

Chapter two is titled: ‘What do you see’ which is closely followed by the anonymous ĂŠVREKˆF ž JKF zKF F IKKF NIF EJKF me I’ll beâ€?. The author says the subconscious mind is the driving seat of conscious action (Pg. 7). Coming on its heels are chapters such as What do you hear? which draws inferences from the Bible and gives an insight into the gates of the mind viz-a-viz the eye and ear „HEKFĂ… „…””Æ…F KFVM„KIF`KR`jKF to control what they hear, choose their friends and scale every relationship. F KWENRQF FNIFENEjK|ˆF KINMH jKF Virtues, and headlines WJH`EKMFĂ‹Â…F KMKƒF {KEH|KFEHj~IF about making every minute count, toeing the right path and living life to the fullest. Coming on its heels is ‘Make a move, make a mark’. “If you don’t hit the mark, do not let it be because you did not make a trialâ€? (Pg. Â”ĂŒĂ†Â…F KF „RKIF HF IEK`F UVMEJKMF by dwelling extensively with JKF N||RQF RR~F I{Q|MRzKƒF which seems to be a limitation ERF HWJNKXNQ„F „RHjIÂ…F EHMENQ„F small in life is played up here. The next three chapters hinge on ‘Charity, the magic RUF „NXNQ„ƒF JKF HMMKQF V KEF Example’ and ‘Appreciating the people in your life’. Continuing, he brings to the fore the Place of Desire (Chapter 9) in human KÂŁNIEKQWKF HQ|F ERF V™MKIIF JNIF `RNQEƒF JKF ĂŠVREKIF H`RjKRQF

NjjF EJHEF ž KINMKF RVEGNEIF

Mother Nature� (Pg. 31).

KF HjIRF EKjjIF EJKF IERM{F RUF EJKF late sage, Chief Obafemi Awolowo, who broke boundaries to achieve his HNzÂ…F KF GRVj|F HjIRF „RF RQF to talk about determination (self-determination if you wish), which is needed to exceed the expected. ‘Our fate is in our hands’ (Pg. 37). The Place of Luck (Chapter 14) describes luck as preparation meeting R``RMEVQNE{F Ă…F HIF |KLQK|F {F MK|F NK„KjÆF HQ|F zH~KIF EJKF clear cut distinction among hard work, procrastination and luck (Pg. 46) and stressed the need to key into opportunities as they come. Moving forward, Oyetade takes his readers through EJKF WRQWK`EˆF } KMXKF ERF HMQ€F (Chapter 15) which stemmed from responses overtime from his newspaper columns. Another interesting chapter is Tenacity, when one door closes (Chapter 16). The underlying message here is to keep forging ahead in spite of seeming challenges. Other chapters include The Power of Audible Autosuggestion, Words Work Wonders (drawing inference from Psalm 21, the Lord’s my shepherd), The Principle of Virtue Assumption, where he writes: “You may desire to be a more knowledgeable person, HF K™KMF ĂŠVHjNLK|F `KMIRQƒF a more resource-prudent person or even a more patient person. The position of this

`MNQWN`jKF NIF EJHEF {RVMF „K™NQ„F there will be made easier if you start assuming that virtue now in faith and start acting according to your new assumptionsâ€? (Pg. 62). Oyetade continues with KWENRQF F EH„„K|ˆF } JKF MRWKII€…F KFJN„JjN„JEIFIKXKQF lessons from the eagle viz-aXNĂ‚F EJKF KH„jKF ÂŽ{NQ„F HEF JN„JF altitudes, strong vision, eats no dead things, the eagle’s level of excitement, level of trust as well as his level of training. This is closely followed by ‘Going the Extra Mile’, ‘The Choice is Yours’, ‘Dying Daily to Multiply and Igniting Your Power for Multiplication’. In chapter 25, the author IEHMEIF GNEJF HF ĂŠVREKF UMRzF Pastor Gbenga Efueye who says: “Each day is a time of opportunity’’ (Pg. 81), and further states that positive change is brought about as a result of how well the R``RMEVQNE{F NIF VENjNIK|Â…F KF would go on to use the analogy of four wives to illustrate the chapter, which dwells on ‘The RVjˆF H~NQ„F HMKF RUF JHEF H™KMI€F Ă… JH`EKMF ’•Æ…F ž RVMF soul is the only thing that will follow you wherever you go. Cultivate, strengthen and cherish it now, for it is the only part of you that will follow you to the throne of God and continue with you throughout eternityâ€? (Pg. 86). Winding up, Oyetade itemizes ‘10 lessons from Noah’s Ark’. This chapter (27) would surely interest readers, don’t miss the boat. Remember that we are all in the same boat, plan ahead; it wasn’t raining when Noah built the ark, among others are just some of the lessons to learn (Pgs. 88-91). Chapter 28 talks about a dozen tips for the New Year, which R KMIFEN`IFURMFNQ|NXN|VHjIFRQFJRGF ERF KF K™KMFHEFEJKNMF¢R IÂ… F KF IVzIF EJKF GJRjKF RR~F V`F with the last chapter 29, telling the story of Club Inspirati and its burden. “The vision of Club Inspirati is to liberate the mind LMIEƒF HQ|F EJKQF IJRGF EJKF jN„JEF as to the direction to follow in RVMF ĂŠVKIEF ERF H™HNQF HjjÂżMRVQ|F successful achievement and prosperity.â€? Award-winning Oyetade, a recipient of the Nigeria Media Merit Award in 2005 and 2006 comes up with the acronym, PLIM i.e. Public `KH~NQ„FHQ|F KH|KMIJN`F MHNQNQ„ƒF Library and Book Exchange KMXNWKIƒ Investment education and H|XNIRM{F IKMXNWKIƒF HQ|F LQHjj{ƒF Mentorship as cardinal issues for the club (Pgs 93-96). No doubt, the book, Inspired Keys ERF VWWKIIUVjF WJNKXKzKQEƒFGRVj|F serve as the tonic to improving the minds and intellect of readers who want to make a success of all their undertakings in life.

26

SUNDAY NEWSWATCH, AUGUST 3, 2014

OPINION www.mydailynewswatchng.com

Sunday Newswatch

OUR VISION

-Tradition built on truth

To support Nigeria’s quest for justice through intellectual approach

Published by Newswatch Newspapers Ltd.

OUR MISSION

BARRISTER JIMOH IBRAHIM, OFR - PUBLISHER

MOSES JOLAYEMI DELE FASHOMI PATRICK ASONYE OLANREWAJU OYETADE MIKAIL MUMUNI AKIN ORIMOLADE SONI EHI ASUELIMEN OLUKAYODE OGUNJOBI

MD/CHIEF EXECUTIVE OFFICER EDITOR, DAILY EDITOR, SATURDAY EDITOR, SUNDAY EDITOR, NATION’S CAPITAL EDITOR, NORTHERN OPERATIONS EDITORIAL PAGE EDITOR HEAD, GRAPHICS

To fight for justice using intellectual approach, balanced, indepth reporting; providing a veritable platform for Africa’s growth, deploying our God-given talent and resources through enduring commitment and loyalty that will justify public confidence

565789;<79=>?@ABCDA<E98F<>@G9?595HCA@5G9D< editorial@mydailynewswatchng.com and addressed to the Editor, Sunday Newswatch Newspaper 159/161, Broad Street, Lagos Tel: 0709 850 4488, 0709 882 1624

Recipe for addressing INEC challenges Razaq ’Deremi Abubakre

T

he Chairman of the Independent National Electoral Commission Ă… Ă†ÂƒF MRUÂ…F ™HJNMVF

K„HƒF MKWKQEj{F N|KQENLK|F UVQ|NQ„ƒF NQIKWVMNE{ƒF H™NEV|KF RUF the political class, voters’ apathy and level of enlightenment among the citizenry as problems facing the Commission. Some of these challenges will KFEH~KQFVQ|KMF|N KMKQEFMV MNWIF in the passages to follow with a view to contributing a widow’s zNEKFERFEJKFWR KMIFRUFEJKF €IF think-tank on the task before it. JKF URWHjF H™KQENRQF GNjjF KF RQF funding, where the Presidency and the National Assembly JHXKF|N KMKQEFMRjKIFERF`jH{Â… In the making of a budget, the initiatives come from the relevant departments or agencies. Such an agency will make a statement of intention on what was actual spending in the immediate past budget and what is expected in the new budget proposal. Such a proposal is defended before a superior body as a continuum culminating in the National Assembly. Within the process, EJKF K|KMHjF V|„KEF R§WKF JHIF HF crucial role because it provides an envelope based on projected MKXKQVKÂ…F UF EJKF V|„KEF R§WKF under the Federal Minister of Finance would be progressive in its approach, it would identify certain fabrics of government that could not be treated with disdain, levity or neglect. Any agency that touches on the largest percentage of the WNENĂ‚KQM{F|KIKMXKIFEJNIFH™KQENRQÂ…F Among such departments are the security, education, municipal services such as electricity generation and distribution, potable water, and food security. INEC, in the political cosmos, is in the position of a midwife who should not be neglected of all items required for a safe delivery; where a midwife is not properly provided for the result is certainly going to be a catastrophe either singly with the death of one of mother and baby. It can also be a double

Doing this is a foul in the eye of an unbiased observer because it may be seen as a smack of intimidation of the public which will result in low turnout of voters. This phenomenon is wrongly presented as voters’ apathy. JKF ¢VIENLH jKF H``MKJKQINRQF expressed by a sizable part of the Nigerian public over the militarization and over-policing of a State for the purpose of election is a case that the authorities over the armed forces, the INEC and human rights bodies should look into. Conduct of an election is similar to a public peaceful protest which should be accompanied by a reasonable security which should be as short as a lady’s misfortune with the death of family that has proper budget skirt though long enough to both of them. This similitude is for breakfast, lunch, dinner, cover what it ought to cover. A applicable to INEC in relation transport fare for children to situation where the authorities to the elected President, the school and provision of soap for over the armed forces is Senate President, the Speaker of members of the family to bathe, discriminatory in its operations the House and others. Propriety not to do what is expected of by harassing perceived demands that none of these it at the appropriate time? The opposition leaders is like an organs should act in a way to lopsided release of fund by the invigilator in an examination make INEC complain of paucity V|„KEF R§WKF R‚KQF EVMQIF IRzKF HN|NQ„F HQ|F H K™NQ„F IRzKF of funds. Ironically, the INEC departments and agencies to the of its students to cheat in an Chairman has complained status of beggars. Where a bank, examination. It is also a norm loudly on this challenge. for instance, is not distressed, all that when an athlete or a A veritable extra-budgetary bills for payment should be paid sportsman source of fund to INEC is promptly when used any interventions from foreign due. The budget substance donors. All these should be R§WKF GNjjF „RF or means captured and interpreted a long way in including in naira and deducted if reducing the a referee such pledges are redeemed challenges faced or umpire from the needs of INEC. For by INEC and all to secure transparency and maximizing other Federal advantage to advantage, INEC should always D e p a r t m e n t s win a laurel, KÂŁ`jRMKF EJKF R`ENRQF RUF „K™NQ„F and Agencies on such a laurel such aids and grants in items paucity of fund is withdrawn of equipment and intangible if it ceases to act when the case service to facilitate its work. The like a distressed is proved. IN„QNLWHQEF `KMWKQEH„KF RUF UVQ|F bank. Authorities for procurement from abroad, if On security, over the not done this way, will be lost to INEC should be armed forces the Commission. moderate in its and the police Having approved a budget militarization of should allow for INEC, on an assumption the polity during the observers that every party will not elections. In a from within disadvantage the midwife, a civilized society and outside perennial problem lay with to which Nigeria the country to EJKF V|„KEF R§WKF GNEJF NEIF belongs, it is pass a vote of characteristic, epileptic and rare to see the WRQL|KQWKF NQF arbitrary release of fund. This military in the the activities scenario is a harbinger for society taking of the forces feathering corruption. The over the work in the conduct V|„KEF R§WKF NIF KÂŁ`KWEK|F ERF of the police of an election. R`KMHEKF HIF EJKF V|„KEF R§WKF RUF and other social Transparency, a family. Will it be right for a IKWVMNE{F RVELEIÂ…F

For transparency and maximizing advantage, INEC should always explore the option of getting such aids and grants in items of equipment and intangible service to facilitate its work

total commitment to probity and propriety are not as conceived by the actor but as seen, essentially, by the onlookers. This is why scenes RUF IWRMNQ„ƒF URVjIF HQ|F R IN|KF positions in the game of soccer HMKFR‚KQF`jH{K|F HW~FRQFIWMKKQIF to prove fairness. In a way, it can be said that misdirection of fund through militarization of polls is also an anathema. JKFH™NEV|KFRUFEJKF`RjNENWNHQIF in many cases leaves much to be desired. Some see the election process as mainly to be in tandem with their wishes rather than surrender the franchise to the electorates. This winat-all-costs syndrome leads to insecurity and low turnout of voters who are always of the opinion that their votes are K™KMF IKKQF HIF HQF HIIF GJNWJF doesn’t count. Politics should be seen as sports which is win today, lose tomorrow and go back to the drawing board to strategise on how to impress the electorates to give them a chance to win at another day. UF EJNIF H™NEV|KF NIF WVjENXHEK|ƒF the work of INEC will be less cumbersome. The image of Nigeria will, in the estimation of the wider global democratic WRzzVQNE{ƒF KFjR‚{Â…F One concluding remark about EJKF H™NEV|KF RUF EJKF WNENĂ‚KQM{F is a case of egg and chicken, GJNWJF WRzKIF LMIEĂŽF IF NEF EJKF political class to be blamed for buying votes from the unwary citizenry who will bargain their right for good governance for a period of four years with an amount that may not take them four days to squander? Or the citizenry who have been impoverished wallowing in abject poverty that will refuse what is adequate to relieve them from the pains and pangs of hunger? They mortgaged their future four years ago and still they want to do it again. It is a case of corruption on the highways, the airways and on the seven seas. 7<;588<79 ?>?CJ759 A89 C9 5G57C@9 <HHA88A<E57K9 >?@AB9 <H=@CAED89 <HHA88A<EK9 ?>MCQ

27

SUNDAY NEWSWATCH, AUGUST 3, 2014

OPINION Governor Amosun’s false statements Steve Oliyide

S

ince the loss of the Ekiti EHEKF„RXKMQRMIJN`FKjKWENRQF by the All Progressive Congress few weeks ago, it appears Governor Ibikunle zRIVQF NQF „VQF EHEKF JH|F entered into a new political phase with what the people of Ogun EHEKFQRGFMKUKMFERFHIFEJKF FGNEJF universal pin numbers, making endless promises to anyone and everywhere. He seems to be looking everywhere and at everyone for either support or as mortal enemies behind his potential challenges. He has suddenly woke up to a new vocation; another desperate drive for sympathy using the “crying babyâ€? technique with which he secured electoral victory in 2011. But the tide had changed, the people had seen through the tissues of deceits. Even the sudden elevation of his predecessor in R§WKF ERF EJKF N„QR jKF HMKQHF HIF JNIF albatross does not seem to catch the fancy of the citizens who have now become wiser; having themselves been failed by the Amosun-led governments on many occasions GNEJFIKXKMHjFVQUVjLjjK|F`MRzNIKIÂ… The renewed and desperate H™Kz`EF ERF MKWRQIEMVWEF EJKF monster of lies against Otunba Gbenga Daniel with which the Ibikunle Amosun government gained power is now being processed in the realm of logic, HIF H„HNQIEF IKQENzKQEIÂ…F `RQIRMK|F piece are now being scrutinised and analysed from the point of creativity, objectivity, sincerity and truth which are the hallmarks of responsible journalism over sensationalism. It is only in the twilight zone of logic that one can LQ|F|KIEMVWENRQƒF REJFRUFEJKFREJKMF man and properties, as a means of achieving greatness. And this appears the only zone from which Governor Amosun can operate. One would have thought

Governor Amosun who had been `MNXNjK„K|FERF„RXKMQF „VQF EHEKFURMF over three years now would have woken up to the tedious tasks of responsible leadership to stop building his castle of a wall of sands. UF H‚KMF WjRIKF ERF four years, and KXKQF H‚KMF JNIF loss of immunity, former Governor Gbenga Daniel still walks free in town and Amosun can still not procure justice for his supposed supporters allegedly killed, then this must be speaking some

of an overplayed worn out discs of his phantom “killer squadsâ€? which many now know existed only in the warped imagination of depraved zNQ|IÂ…F UF KQHERMF zRIVQF GHIF an underdog while contesting for power, can we still say that Governor Amosun remains a weakling and disadvantaged about „K™NQ„F¢VIENWKĂŽ By the latest resort to reconstruction and remix of old records using online news media, should we then conclude that KQHERMF zRIVQF NIF H|zN™NQ„F his frustration that the Truth Commission (with tincture of lies as its motive) which he set up ostensibly as a persecution machine had failed him since it could not return any verdict of guilt on the URMzKMF„RXKMQRMĂŽF When we talk of the rightness of going to war (ius ad bellum), we should also be mindful of the best practices, the right behaviour and conduct in a war situation (ius in KjjRƅF MÂ…F N~VQjKF zRIVQFjRR~IF truth to his style of leadership. like one failing all civil conducts Informed minds would want NQF `RjNENWHjF H™jKIÂ…F JKMKF NIF ERRF to know the much desperation for power here; frustration of a nothing was too big or small, too ‘leader’ who has sacred or mundane for him to the capacity to desecrate. In OGD’s case, Amosun WHjjF URMF HQ{F LjKF IV KMIFIRzKF`I{WJRjR„NWHjFEMHVzHF and even seek GJNWJFFWHQF KIEF KFINz`j{F|KLQK|F or order for the as complex. reconstruction Is it not logical, and interesting of any to suit that all the people paraded were his purpose if apologists of ACN, and the ones he feels they are who worked within the Daniel not satisfactory government for Ibikunle Amosun. enough to bid The last time I checked, a former his whims. This local government chairman latest blackmail and one of those who became would not wash. so vocal about and against the The story the Daniel administration; and behind people of Ogun the persecutors petitions to the EHEKFJKQWKURMEJF EFCC had been compensated want to hear with a board appointment on is Amosun’s the Governing Council of the Tai account of RjHMNQF QNXKMINE{FRUF |VWHENRQFĂ…NIF stewardship; this not Ironic and incidental that not more of the this same university was founded broken record {F EVQ HF KQ„HF HQNKjĂŽF HzKF

If Senator Amosun was an underdog while contesting for power, can we still say that Governor Amosun remains a weakling and disadvantaged about getting justice?

they all conspired to vilify and demonise). I am aware the former governor already took his former F ERF WRVMEF URMF jN KjF RQF IRzKF RUF the allegations contained in his book. Why are they in a hurry to MKGMNEKF JNIERM{F HjjF ERRF IV||KQĂŽF QF all of these, Governor Amosun still carry a moral burden; why has he refused to prosecute those allegedly arrested in connection GNEJFEJKFzVM|KMFRUFjHEKF N`RF NQHĂŽF What could the government be trying to cover up on the Dipo Dina’s case that the renaming of the Gateway International EH|NVzƒF ¢K VF |KF GJNWJF JH|F HjMKH|{F KKQFQHzK|FH‚KMF EVQ HF N~KF |KQV„HF Ă…HQREJKMF `MR¢KWEF of the Otunba Gbenga Daniel’s H|zNQNIEMHENRQÆF KWHzKF EJKF LMIEF project of the new government as IRRQFHIFNEFGHIFIGRMQFNQĂŽF JKIKFHMKF some of the questions the people of „VQF EHEKFGHQEFHQIGKMIFERÂ…F J{F has the current government been avoiding this very sensitive issue like a plague, in spite of the much noise and controversies it has „KQKMHEK|FNQFEJKF`RjNE{ĂŽF „VQF EHEKF people need to hear from their governor; they did not envisage a government that won’t be talking to them. Amosun appears like that unfamiliar breeze that blows into the `RjNENWHjFLMzHzKQEFRUF „VQF EHEKÂ…F For people like him, they blame every of their failures on others, hence, whatever inadequacies zRIVQF LQ|IF NQF JNzIKjUF HQ|F JNIF incapacity in the task of political administration, the blame must fall on somebody or someone else. He mirrors his inadequacy and under-achievements in someone he shares a morbid fear is superior to him. This is one of the signs of failed people. .Steve Oliyide, a former Special Assistant on Information and Strategy to Otunba Gbenga Daniel (2003-2011) wrote-in from Ibadan, Oyo State Nigeria.

Another authors’ convention ritual Eriata Oribhabor

F

or a long time now, I have been indulging in short takes and poetry writing on issues of |N KMKQEFWRQWKMQIÂ…F N„JENQ„FHFWHjjF for papers in respect of a forth-coming convention online, I was moved to put down the following. In some places, conventions are taken seriously; not exactly so in my world, especially as the reason for conventions JHM|j{F KXKMF zKHQF HQ{EJNQ„F EJKMKH‚KMÂ…F NQWKF F GNjjF KF EHj~NQ„F UMRzF KÂŁ`KMNKQWKF on what I will simply call a charade of conventions, I won’t be alluding that the mentioned forthcoming convention for which a ‘Call for Papers’ was made, will serve as cure for our ailing world of pretenders. Rather, it will further insult the sensibilities of people who are genuinely concerned about societal basics/grass roots challenges and seeking practical GH{IF RUF „K™NQ„F EJKF `KR`jKF RVEF RUF EJKF woods. Only the hypocritical will shy away from the realities on ground and go for yesterday’s crumbs burnished tender for unsuspecting eyes. In respect of the mentioned forthcoming convention, it has, as usual, and as mentioned, started with a call for papers covering a long list of areas of interest. As expected, hundreds of contributors will jostle for acceptance/recognition via submissions to be made in this regard.

F VMKj{ƒFEJKFWRzNQ„FHQQVHjFWRQXKQENRQF will be declared open by a government functionary whose address/comments will form the core of issues to be H™KQ|K|FERFEJMRV„JRVEFEJKFWRQUKMKQWKÂ…F If the one billed to present the lead paper at this convention isn’t a Professor in his/ JKMFWJRIKQFLKj|ƒFEJKFWRQUKMKQWKFGRVj|F likely be looked down upon; thank God, he is a ‘Professor Emeritus.’ Against this background, the conference is already adjudged a success in the eyes of theoretical gurus and champions of talk-talk-no-action. If the person, who presented the lead paper during last year’s convention, was not a friend of the one who will be presenting that of this year, he may be the uncle to the one who presented in the previous year. NQWKF JNIF }HWH|KzNWF IRQ€F GHIF MRVQ|j{F applauded when he stood to address the convention last year, the ‘Professor Emeritus,’ an uncle to last year’s presenter, should deserve nothing but a standing ovation whenever he stands to speak. He must be heralded as the new KIINHJĂ?FRVEFERFIJHMKFzKIIH„KIFUMRzFHF sage in whose fountain of knowledge, he and past lead presenters once tapped from. If the remarks of the mentioned sage concerning the convention will be MKH|FHEFEJKFWRQXKQENRQF {FEJKF ƒFEJKF convention would have achieved a tall milestone. Only the one anointed by EJKF IH„KƒF GNjjF KF ĂŠVHjNLK|F ERF H||MKIIF participants at the coming convention.

As usual, the media will be awash with a deluge of media features on the convention, reportage and general comments, etc few days before the D-day. To be chaired by the Governor of the hosting state, the convention is success packaged in waiting. The expected presence of the governor will be the QKK|K|FERQNWFRUFH™MHWENRQFRUF|N„QNEHMNKIF from the public and private sectors to the convention. The razzmatazz of his huge entourage will add pep to the annual event. As one who should come and make a statement for the good of his

As expected, hundreds of contributors will jostle for acceptance/ recognition via submissions to be made in this regard.

government/political party, media men from both the state and national radio/ television would be on hand to cover him. In our clime, traditional dancers must play a prominent role at this event to give culture and tradition their rightful places.

HXNQ„F „NXKQF RQKF URMzF RUF LQHQWNHjF support or the other to the conference organisers, the theme of the coming convention mustn’t be high on the agenda of the state governor/host. He is at liberty to speak on serious issues of governance with an eye for a second EKQVMK…F JRVj|F JKF HMMNXKF HEF EJKF XKQVKF of the convention three hours or more H‚KMF EJKF IWJK|VjK|F ENzKƒF EJKF jKH|F paper presenter would still have his presentation hurriedly done to kick start an annual convention whose essence may never impact on the people. Here comes the long awaited convention whose success would be determined by how much of its essence was splashed on the pages of newspapers. The ‘Professor Emeritus’ will reel out same messages of previous WRQUKMKQWKIF NQF |N KMKQEF „VNIKI…F Conference participants will remember the conference, especially for new contacts they made and the number of social outings they had the opportunity of partaking in. If it is a literary conference, some participants would be outside the

conference hall selling their personal books while papers are being presented. QF EJKF LQHjF HQHj{INIƒF `HMENWN`HQEIF GNjjF come and ‘return same’ to prepare for ‘same convention’ next year. While stark realities stare us in vociferous protests, ER`F HQH„KzKQEF RMF EJKF ÂŁKWVENXKF RzzN™KKF NUF {RVF jN~KƒF GNjjF WKjK MHEKF unfounded successes. In the proceeding |H{IF H‚KMF EJKF WRQUKMKQWKƒF QKGI`H`KMF JKH|jNQKIF GNjjF `MHNIKF EJKF H™KQ|HQWKF RUF the chief host and what he said at the event. Roundly, orgnisers will thumb their chests for achieving the ‘routine.’ Having had the privilege of working NQF WRQXKQENRQF `jHQQNQ„F WRzzN™KKIF RUF sorts in the past, my interest for such assignments deems whenever they end up as ‘routine’ of backslapping, grandIEHQ|NQ„IƒFHQ|FHjjFzHQQKMFRUFIJRGÂżR IF without corresponding desired actions URMFIRWNKEHjFV`jN‚IFH‚KMFEJKFWRQXKQENRQIÂ…F In case you are a member of any WRQXKQENRQF `jHQQNQ„F WRzzN™KKF MN„JEF now, please drum it to your members that the lethargic past should give way to new approaches on convention planning and prosecution with an eye for genuinely using their outcomes for the people. Convention for convention sake shouldn’t be. Eriata Oribhabor, the former Chairman of Association of Nigerian Authors (ANA), Abuja Chapter, writes from Lagos via edbabor@gmail.com

28

SUNDAY NEWSWATCH, AUGUST 3, 2014

SCIENCE

...from the beginning

6 reasons school – Cardiovascular disease: age children have headaches Running reduces death risk A Emmanuel Olojuanu with agency report

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unning for only a few minutes a day RMF HEF IjRGF I`KK|IF zH{F IN„QNLWHQEj{F reduce a person’s risk of death from cardiovascular disease compared to someone who does not run, according to a study published today in the Journal of the American College of Cardiology. Exercise is well-established as way to prevent heart disease and it is component of an overall healthy life, but it is unclear whether there are JKHjEJF KQKLEIF KjRGF EJKF jKXKjF RUF ĂŒĂ F zNQVEKIF per week of vigorous-intensity activity, such as running, recommended by the U.S. government and World Health Organisation. Researchers studied 55,137 adults between the ages of 18 and 100 over a 15-year period to determine whether there is a relationship between running and longevity. Data was drawn from the Aerobics Centre Longitudinal Study, where participants were asked to complete a questionnaire about their running JH NEIÂ…F QF EJKF IEV|{F `KMNR|ƒF ĂˆÂƒĂ‹Â”ĂˆF `HMENWN`HQEIF died, including 1,217 whose deaths were related ERFWHM|NRXHIWVjHMF|NIKHIKÂ…F QFEJNIF`R`VjHENRQƒFÂ’Ă‹F percent of the participants reported running as part of their leisure-time exercise. Compared with non-runners, the runners had a 30 percent lower risk of death from all causes HQ|FHFĂ‹Ă F`KMWKQEFjRGKMFMNI~FRUF|KHEJFUMRzFJKHMEF disease or stroke. Runners on average lived three years longer compared to non-runners. Also, to reduce mortality risk at a population level from a public health perspective, the authors concluded that promoting running is as important as preventing smoking, obesity RMF J{`KMEKQINRQÂ…F JKF KQKLEIF GKMKF EJKF IHzKF QRF zH™KMF JRGF jRQ„ƒF UHMƒF UMKĂŠVKQEj{F RMF UHIEF

`HMENWN`HQEIFMK`RMEK|FMVQQNQ„…F KQKLEIFGKMKFHjIRF the same regardless of sex, age, body mass index, health conditions, smoking status or alcohol use. The study showed that participants who MHQF jKIIF EJHQF à ”F zNQVEKIƒF UKGKMF EJHQF •F zNjKIƒF slower than six miles per hour, or only one to two times per week had a lower risk of dying compared to those who did not run. DC (Duckchul) Lee, Ph.D., lead author of the study and an HIINIEHQEF`MRUKIIRMFNQFEJKF RGHF EHEKF QNXKMINE{F NQKINRjR„{F K`HMEzKQEF NQF zKIƒF RGHƒF IHN|F they found that runners who ran less than an JRVMF`KMFGKK~FJHXKFEJKFIHzKFzRMEHjNE{F KQKLEIF compared to runners who ran more than three hours per week. Thus, it is possible that the more zH{FQREF KFEJKF K™KMFNQFMKjHENRQFERFMVQQNQ„FHQ|F longevity.

Researchers also looked at running behaviour `H™KMQIFHQ|FURVQ|FEJHEFEJRIKFGJRF`KMINIEKQEj{FMHQF over a period of six years on average had the most IN„QNLWHQEF KQKLEIƒFGNEJFHFÂ’ F`KMWKQEFjRGKMFMNI~FRUF death for any reason and 50 percent lower risk of death from heart disease or stroke. “Since time is one of the strongest barriers to participate in physical activity, the study may motivate more people to start running and WRQENQVKF ERF MVQF HIF HQF H™HNQH jKF JKHjEJF „RHjF URMF zRMEHjNE{F KQKLEIÂƒĂ‡F KKFIHN|Â…Fž VQQNQ„FzH{F KFHF K™KMFKÂŁKMWNIKFR`ENRQFEJHQFzRMKFzR|KMHEKFNQEKQINE{F exercises for healthy but sedentary people since it `MR|VWKIFINzNjHMƒFNUFQREF„MKHEKMƒFzRMEHjNE{F KQKLEIFNQF LXKFERF”“FzNQVEKIFWRz`HMK|FERFEJKFӈ FERF’“FzNQVEKIF per day of moderate intensity activity that many LQ|FERRFENzKFWRQIVzNQ„…Ç

Facts to know about Ebola Virus Disease

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RjHF LMIEF H``KHMK|F NQF Â”Â ĂŒÂ•F NQF two simultaneous outbreaks, in Nzara, Sudan, and in Yambuku, Democratic Republic of Congo. JKFjH™KMFGHIFNQFHFXNjjH„KFINEVHEK|FQKHMF the Ebola River, from which the disease takes its name. Genus Ebolavirus is one of three members of the Filoviridae UHzNj{F Ă…LjRXNMVIĂ†ÂƒF HjRQ„F GNEJF „KQVIF Marburgvirus and genus Cuevavirus. Genus Ebolavirus comprises 5 distinct species: Bundibugyo ebolavirus (BDBV) Zaire ebolavirus (EBOV) Reston ebolavirus (RESTV) Sudan ebolavirus (SUDV) TaĂŻ Forest ebolavirus (TAFV) BDBV, EBOV, and SUDV have been associated with large EVD outbreaks in Africa, whereas RESTV and TAFV have not. The RESTV species, found in Philippines and the People’s Republic of China, can infect humans, but no illness or death in humans from this species has been reported to date. Transmission Ebola is introduced into the human population through close contact with the blood, secretions, organs RMF REJKMF R|Nj{F ÂŽVN|IF RUF NQUKWEK|F HQNzHjIÂ…F QF UMNWHƒF NQUKWENRQF JHIF KKQF documented through the handling of infected chimpanzees, gorillas, fruit bats, monkeys, forest antelope and porcupines found ill or dead or in the rainforest. Ebola then spreads in the community through human-to-human

transmission, with infection resulting from direct contact (through broken skin or mucous membranes) with the blood, secretions, organs or other R|Nj{F ÂŽVN|IF RUF NQUKWEK|F `KR`jKƒF HQ|F indirect contact with environments WRQEHzNQHEK|FGNEJFIVWJFÂŽVN|IÂ…F Health-care workers have frequently been infected while treating patients GNEJF IVI`KWEK|F RMF WRQLMzK|F Â…F This has occurred through close contact with patients when infection control precautions are not strictly practiced. Signs and symptoms EVD is a severe acute viral illness R‚KQFWJHMHWEKMNĂ‚K|F {FEJKFIV||KQFRQIKEF of fever, intense weakness, muscle pain, headache and sore throat. This is followed by vomiting, diarrhoea, rash, impaired kidney and liver function, and in some cases, both internal and external jKK|NQ„…F H RMHERM{F LQ|NQ„IF NQWjV|KF low white blood cell and platelet counts and elevated liver enzymes. People are infectious as long as their blood and secretions contain the virus. RjHFXNMVIFGHIFNIRjHEK|FUMRzFIKzKQF•”F |H{IFH‚KMFRQIKEFRUFNjjQKIIFNQFHFzHQFGJRF was infected in a laboratory. The incubation period, that is, the time interval from infection with the virus to onset of symptoms is 2 to 21 days. Vaccine and treatment No licensed vaccine for EVD is available. Several vaccines are being tested, but none are available for clinical use. Key facts Ă?F RjHFXNMVIF|NIKHIKFĂ… Ă†ÂƒFURMzKMj{F

known as Ebola haemorrhagic UKXKMƒFNIFHFIKXKMKƒFR‚KQFUHEHjFNjjQKIIFNQF humans. Ă?F FRVE MKH~IFJHXKFHFWHIKFUHEHjNE{F MHEKFRUFV`FERF “F`KMWKQEÂ…F Ă?F FRVE MKH~IFRWWVMF`MNzHMNj{FNQF remote villages in Central and West Africa, near tropical rainforests. Ă?F JKFXNMVIFNIFEMHQIzN™K|FERF`KR`jKF from wild animals and spreads in the human population through human-to-human transmission. Ă?F MVNEF HEIF RUF EJKF EKMR`R|N|HKF family are considered to be the natural host of the Ebola virus.

about 70 percent. Those who fared best IRV„JEF NzzK|NHEKF zK|NWHjF H™KQENRQF and got supportive care to prevent dehydration even though there is no I`KWNLWFEMKHEzKQEFURMF RjHFNEIKjUÂ…F #$%" !". %$$' " %$ % ' $ diseases The early symptoms of an Ebola infection include fever, headache, muscle aches and sore throat, according ERF EJKF RMj|F KHjEJF M„HQNĂ‚HENRQÂ…F EF WHQF KF|N§WVjEFERF|NIENQ„VNIJF KEGKKQF Ebola and the symptoms of malaria, typhoid fever or cholera. Only in later stages do people with Ebola begin bleeding both internally and externally, R‚KQFEJMRV„JFEJKFQRIKFHQ|FKHMIÂ…F

#$%" $.%/ + "- $&0 #$- %/ 1& - The Ebola virus is not airborne, so people would have to come into contact GNEJF EJKF R|Nj{F ÂŽVN|IF RUF HQF NQUKWEK|F person. These include blood, sweat, vomit, faeces, urine, saliva or semen !" #$%" $& # "' making transmission through casual WRQEHWEFNQFHF`V jNWFIK™NQ„FVQjN~Kj{Â…F now the largest in history The World Health Organisation IH{IFzRMKFEJHQFÂ•ĂŒÂ’F`KR`jKFJHXKF|NK|F " ".- * . $ *" $. *"' .0 from Ebola. A total of 1,201 cases had things worse QF KHWJF RUF EJKF H KWEK|F WRVQEMNKIƒF been reported as of two weeks ago in VNQKHƒF N KMNHFHQ|F NKMMHF KRQKÂ…F QF health workers and clinics have come addition, one Liberian man has died VQ|KMF H™HW~F UMRzF `HQNW~K|F MKIN|KQEIF who mistakenly blame foreign doctors in Nigeria. and nurses for bringing the virus to & $* + $+% ", & , , - remote communities. Family members also have removed sick Ebola patients Ebola While the fatality rate for Ebola from hospitals, including one woman WHQF KFHIFJN„JFHIF Â“F`KMWKQEƒFJKHjEJF in Sierra Leone’s capital who later died. R§WNHjIF NQF EJKF EJMKKF WRVQEMNKIF IH{F Police had to use tear gas to disperse people have recovered from the REJKMIF GJRF H™HW~K|F HF JRI`NEHjF NQF EJKF virus and the current death rate is country. Ă?F KXKMKj{F NjjF `HENKQEIF MKĂŠVNMKF intensive supportive care. No jNWKQIK|FI`KWNLWFEMKHEzKQEFRMFXHWWNQKF is available for use in people or animals.

s the school year approaches and begins, many parents may start to hear their children complain about headaches. According to MD, a paediatrician in Cincinnati Children’s Hospital Medical Centre’s Paediatric Primary Care Clinic, Nick DeBlasio, about 10 per cent of school-aged children and 15-27 percent of teens experience them from time to time. Headaches can be triggered by a QVz KMF RUF |N KMKQEF EJNQ„IÂ…F KMKF HMKF the most common causes of occasional headaches in children: Inadequate hydration: Not drinking KQRV„JF ÂŽVN|IF NIF RQKF RUF EJKF N„„KIEF causes of headaches. This is especially true when the weather gets warmer and kids become more active outside HQ|FjRIKFÂŽVN|FEJMRV„JFIGKHENQ„…F UFEJNIF is the case, the cure might be as simple as having your child drink more water. Diet: Does your child eat regular meals? Skipping one meal, like MKH~UHIEƒF WHQF EMN„„KMF HF JKH|HWJKÂ…F E€IF also important to make sure that your child is eating a well-balanced diet with lots of fruits and vegetables. Too much WH KNQKF HQ|F WKMEHNQF URR|IF WHQF WHVIKF HF headache as well. Sleep: Kids in middle and high school typically need at least 10-12 hours of sleep a night. Not sleeping enough at night can cause a headache. And „K™NQ„FjKIIFEJHQF”“FJRVMIFNIQ€EFKQRV„JF to feel well-rested. Stress: We all experience stress from time to time, and children and teens are QRFKÂŁWK`ENRQÂ…F UF{RVMFWJNj|FNIFVQ|KMFHFjREF of pressure from school, or experiencing big changes at home like a divorce or a big move, a headache can result. Vision problems:F UF {RVMF WJNj|F NIF unable to see what’s happening at the front of the classroom, he might be straining his eyes to see far away, which can result in a headache. A vision test WHQF„NXKF{RVFHF K™KMFVQ|KMIEHQ|NQ„FRUF whether or not your child’s headaches are being caused by vision problems. Family history: Your child is more likely to have headaches if a parent gets them as well. UF {RVMF WJNj|F JHIF HF JKH|HWJKƒF EM{F giving her water and over-the-counter ibuprofen. Follow the instructions on the package for the appropriate dosage and do not give it to your child more EJHQFEJMKKFENzKIFNQFHFGKK~Â…F UFNEF`KMINIEIF for a few days or worsens, call your child’s paediatrician. Fortunately, the majority of headaches in children are not a cause for alarm. However, there are a few NQIEHQWKIF GJNWJF MKĂŠVNMKF HF jN™jKF zRMKF NQXKIEN„HENRQÂ…F UF{RVMFWJNj|€IFJKH|HWJKIF have become more frequent or severe, if he wakes up in the morning of the middle of the night from it, or if the headache causes vomiting, it’s best to have your child evaluated by your paediatrician. He or she will perform a physical exam and decide if any tests need to KF|RQKÂ…F MHNQF IFHQ|F FIWHQIFHMKF MHMKj{F QKK|K|Â…F UF {RVMF `HK|NHEMNWNHQF suspects a migraine, she might refer your child to a neurologist who is familiar with medications to help prevent and treat them. Q|FNUF{RVMFWJNj|FRMFEKKQFNIFIV KMNQ„F from chronic headaches and migraines, recent research by Cincinnati Children’s found that adding cognitive behavioural therapy to treatment of paediatric migraines improves relief of symptoms. The study was authored {F WR™F RGKMIƒF J F HQ|F `V jNIJK|F in the Journal of American Medical Association (JAMA).

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Dr. Olutunde John Olarinde Veterinary Surgeon/Clinician

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Tel: 08107801331 E-mail: straitgate_cpts@yahoo.co.uk

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Sunday Newswatch, August 3, 2014

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V

ansKere has been around for years. How has it been with you? It has not been bad, we thank God but you know how business fluctuates in this part of the world. There are good times and the otherwise. At the initial stage, it was tough but as we proceeded, it is getting better, so I will say it has been fine, so to speak. What has been the patronage like? It’s far better now compared to when we started and our clientele base has been impressive. What about the challenges? The major challenge is the same general one

- power supply. This is a major problem in Nigeria’s economy as we have all resorted to generating appliances to power our businesses. There is also lack of infrastructure, lack of skilled personnel and personnel management. It takes much time to manage people because they come from different backgrounds and some of them feel they know the business better than you do, so it takes a whole time to make them see the vision and work with it. As you are progressing, there are some you can tolerate and there are some you can’t stand because of their disposition but you only maintain those you know you can tolerate. Over time, you begin to build a

formidable team that shares the same vision and ideas with you in moving the business forward. How have you been able to cope with the stiff competition in the industry? I believe competition is good for all businesses. I love and enjoy competition because it brings out the best in me. There is no profession without competition; it’s only lazy people that are afraid of competition. Many perceive you are copying Mudi Africa in terms of promoting your brands with celebrities. Can you clear the air on this? The truth of the matter is that using celebrities to promote a brand is not a new thing as far as I’m concerned. It is done all over the world. The so called big brands such as Giogio Armani, Versace, Hugo Boss and so on, use celebrities to promote their brands. In Nigeria, you know that telecoms companies use celebrities to showcase their products or brands. So, it’s not different from what I’m doing because the truth is that fashion and showbiz go together. And I believe you know these so called celebrities go out a lot and they all like to look good, so they always come to us to make good clothes for them. If I choose not to use them as my brand ambassadors, they will still go on red carpets or other events to showcase my brands. Having said that, I don’t think I’m copying anybody by using celebrities to promote my brand. It’s just an acceptable norm around the wor ld. How would you define VansKere? Vans Kere is a ready to wear fashion brand that offers stylish and good quality clothes. At Vans Kere, we have been able to combine African and Western clothes to produce Vanskere style. We all know we are being colonised by the westerners, so there is the tendency for us to retain their traits and culture. Before they came, we already

had our own culture. So when I came into the industry, I merged the cultures in styling Vanskere Clothes. That is why our cut and pattern are different from others. Do you also sew or you employ people to do the job for you? The industry is so big that you can make money even without being a tailor. Normally, you have the tailors that sew, the designers that create the designs. The publicist, marketers and so on are there, making their money from the industry, so it’s not necessary you have to be a tailor before you can function in the industry. As for me, I don’t cut or sew but I have my pattern which I work with, that is why all my clothes have the same cut and pattern. Because of the vision and plans I have for my brand, I can’t sit down and be making clothes for anybody. It’s not possible because I have several clients that I have never seen before that comes in here and buy from the shelf; I think that is how it should be. Some people have to make the clothes while others are designing, marketing and promoting, all is to achieve one goal and push the brand to an enviable height. Fashion is a multi-billion naira industry that many fit into, to make their daily bread. Lexy Mojo-Eyes is one of the pioneers and promoters of Nigeria Fashion Industry. He has done so well for the industry in terms of promotion around the world. Lexy Mojo is not a tailor but a creative person and he is doing well in his chosen career. So, in a nutshell, the industry is a big platform for different people to express themselves. So in essence, you are a fashion designer, not a tailor? Exactly, all the designs at Vanskere are created by me. And because I know so much about clothing, some tailors that have had the opportunity to work with me have gained so much from me because I teach them style in

- (.' )!( ($ * !) ( & ( * (,. sewing. Can you mention few celebrities you work for? There are a whole lot of them. In fact, the list is endless. I have Opa Williams, Nobert Young, Lexy Mojo Eyes, Sunny Nneji, Kunle Afolayan, Femi Brainard and many more. How creative are you? I think it’s left for the people out there to speak on my creativity through my works. I can’t tell you how creative I am, unless people do. The truth of the matter is creativity is not something you can judge or measure, not until people start coming to patronise you. What plans do you have in spreading your tentacles to other parts of the country? We are praying and working seriously on that and by the time we are through, we will let you know. Do you wear your designs? Of course, I do. Mostly, on weekends when I’m attending event or church service but on a normal day, I’m always in my shirt and jeans. What is your favourite colour? Though it’s very hard for a designer to have a particular one but I prefer white colour because of its uniqueness. You know white symbolises purity and holiness and it’s very expensive to maintain. White colour, I believe is for meticulous and very clean set of people.

You are a lawyer turned fashion designer, are you fulfilled doing what you do now? Of course, I’m fulfilled in the Lord. I love what I’m doing and at the same time, making money. It was tough at the beginning but we thank God for where we are today. What is your unique selling point? It is our finishing, attention to details, efficient customer service, and ability to create new styles. All these have leveraged us in no small measure and made us tight as a brand. How did your fashion experience evolve? Fashion is inborn. I discovered it early enough and I developed it. For instance, one of my kids, a female likes fashion and we have caught her young. At times, this little girl of 8 chooses clothes for herself and her elder brother of 10 years. So, that is fashion for you. You must have flair for it and be talented in it. I also believe it’s a gift from God. Outside your work, how do you enjoy yourself? I only have weekends for my family. On my leisure time, we go to the beach to have fun and once in a year, we go on vacation abroad, and come back refreshed. I don’t go clubbing, I’m more of an indoor person. Where do you see Vanskere in future? We leave everything into God’s care. We will wait for the future as the events unfold but I can tell you we have a lot of things on the pipe line.

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hat influenced you to embrace fashion? I was influenced to choosing a path in the fashion industry right from when I was growing up. Lots of those influences came from my mum and an uncle, Christopher Ogu, who was a footballer and use to stay with us. What are the challenges that come with your job? What we do majorly is fashion promotion. We organise fashion events both in Nigeria and around the world. Over the years, we have established various platforms to promote Nigeria and African designers. These platforms include our own brands like the Nigeria Fashion Show, Nigeria Fashion Week, Nigeria Fashion Awards, Nigeria Model Awards and Africa Fashion Reception. Packaging and organising these events

are quite very expensive. So our major challenge has to do with sponsorship. As a fashion authority, are you fulfilled? I am not at all fulfilled. I think we have been only able to achieve like 20% of our set goals Any regrets? None at all! I am that kind of person that accepts and thanks God for whatever comes my way, whether good or bad. When bad things happen, I am not one of those that will ask God why me. This is so because I do not question him when good things come my way. I work very hard with the intention of not only determining today but to influence the future in a positive light. If after all the hard work and things do not go exactly as planned, I praise God for it because I strongly believe that’s the way He wants it to be.

Presently, what are you cooking? We just concluded the Africa Fashion Reception which the Nigerian government hosted through the Ministry of Culture & Tourism and the Bayelsa State Government. The event presented 25 designers, representing 25 African countries. The AFR is put together with the collaboration of the World Fashion Week, World Fashion Organisation and the African Union. It is Africa’s biggest fashion platform that is creating a new dawn for our continent. It is a tool to eradicate poverty through job creation through the various fashion vocations and foreign exchange earner for Africa. After the just concluded African edition, we will be having the European and North American editions in Paris and Montreal in October. These international editions will present 40 designers representing 40 African countries. Then the

regular Nigeria Fashion Week comes up at the Oriental hotel in November How do you intend to meet up with the ‘competition’ on the fashion scene? I don’t see competition. I see growth and development in the fashion scene What informs your creativity? As you can see I am not a fashion designer but a fashion promoter What statement do you intend to make with your career? Empower and build a solid fashion industry for the future fashion practitioners in the whole of the African continent What informed the concept of your recent event? The idea is to create Africa’s biggest platform in fashion and textile industry with the sole aim of attracting foreign exchange. We aim at building bridges by creating free trade and partnerships among fashion practitioners throughout the African continent. Also, attracting global attention to Africa’s very rich and diversified dress culture which can be explored as a catalyst for the social economic growth of the continent’s garment/textile industry is another motivation. Furthermore, expanding the potential power of fashion as a tool of fighting poverty in Africa by creating wealth through the

empowerment of women and youths in the various fashion vocations through training, capacity building schemes, workshops and setting up of medium/small scale businesses thereby supporting the United Nations Millennium Development Goals mission of halving global poverty by 2015. We intend bringing about self reliance as this initiative will create millions of jobs across the continent for tailors, creative directors, textile designers, models, cutters, pressers, fashion photographers and writers, hair stylists, make-up artists etc. Contributing to bringing the much desired peace and stability to our continent by positively engaging the youths as stated above and to further develop African economies by creating the biggest and most formidable African fashion, and lifestyle market for global patronage. What are the new things being expected from the show? Developing the event to make African fashion industry do business with itself What is your definition of love? For me, love is just treating others the way you want to be treated What attracts you to a woman? Intelligence, due diligence and self respect What repels you from a woman? Women that are too loud Have you been heartbroken before? Of course How many times? Many times when I was young What has life taught you? Never give up on your dreams. And keep working hard regardless of your present situation What are your favourites? For colour, bright colours because of my dark complexion; for drink, red wine and rose Champaign; for food, Nigerian and continental delicacies; for car, luxury cars, while for perfume, I use various high earned ones. What does fashion mean to you? Fashion is Life for me How fashionable are you? Very particular about what I wear What is your fashion and style routine? Don’t have any particular one What won’t you be caught without anytime? Wearing a good perfume

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ing of Fuji music, King Wasiu Ayinde Marshal, has perfected plans to embark on a world tour. . King Wasiu, whose daughter, Sekinat Olatanwa, just gave birth a couple of days ago, will be touring the European countries such as United Kingdom, Holland, Belgium, Ireland, and other European countries. The music tour will also see the Oluaye surfing the lands of Canada and the United States of America. The Fuji lord will as well be in Malaysia and the United Arab Emirate of Dubai, to treat his hungry fans with his classic Fuji music.

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verybody has one desire or another, our former minister, Nike Akande is not an exception. Madam, who is one of the highly respected women in this part of the world also need something from God just like every other person, and this we can not disclose o, whatever Akande’s desire is, we pray that God would grant her all her request, same as you, our readers (Amen).

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elmsman at the Guarantee Trust Bank, Segun Agbaje, apart from the love he has for his club, the Manchester United, there is another thing this seasoned banker doesn’t joke with. Don’t get me wrong please! I know you are eager to know if the creative banker is having an affair. You miss it if you are looking towards that direction. We can tell you for free that Agbaje is a lover of Mercedes Benz cars. He loves this brand of automobile that he has more than six different series in his compound. Ranging from G-Wagon, to other high tech series. You might want to know why the love for this particular brand is hereditary.

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uper Eagles star, Mikel Obi is about to get his British passport come October this year, and he’s turning all offers down for now to at least stay in Chelsea for him to obtain his passport. according to source close to the Chelsea and Nigerian international player, “Mikel will be a British citizen by October and that was one of the main considerations why he has opted to stay put at Chelsea at least for the time being. There are offers from clubs like Juventus, Galatasaray and Monaco, but he would rather get his passport before he considers any of them�.

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52

SUNDAY NEWSWATCH, AUGUST 3, 2014

EXECUTIVE EDUCATION How internet changes business models Gordon Hui

A

s the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out wellknown frameworks and streamlining established business models won’t be enough. To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink their orthodoxies about value creation and value capture. Value creation, which involves performing activities that increase the value of a company’s R KMNQ„F HQ|F KQWRVMH„KF WVIERzKMF GNjjNQ„QKIIF to pay, is the heart of any business model. In traditional product companies, creating value meant identifying enduring customer needs and manufacturing well-engineered solutions. Competition was largely feature-versusfeature warfare. And when feature innovation eventually proved to be too incremental, price competition would ensue, and products would KWRzKFR IRjKEKÂ…F GRFJVQ|MK|FHQ|FL‚{F{KHMIF H‚KMFEJKFIEHMEFRUFEJKF Q|VIEMNHjF KXRjVENRQƒFEJNIF `H™KMQFRUFHWENXNE{F`jH{IFRVEFKXKM{F|H{ƒFHEF{RVMF local big box electronics retailer or department store. But in a connected world, products are no longer one-and-done. Thanks to over-the-air updates, new features and functionality can be pushed to the customer on a regular basis. The ability to track products in use makes it possible to respond to customer behavior. And of course, products can now be connected with other products, leading to new analytics and QKGF IKMXNWKIF URMF zRMKF K KWENXKF URMKWHIENQ„ƒF process optimization, and customer service experiences. A variety of consumer products and services, from Nest thermostats to Philips Hue lightbulbs to If This Then That (IFTTT), highlight these new possibilities for IoT-based value creation. Albert Shum, Partner Director of UX Design HEF NWMRIR‚ƒFQREKIˆFž VINQKIIFzR|KjIFHMKFH RVEF creating experiences of value. And with the IoT, you can really look at how the customer looks at an experience—from when I’m walking through a store, buying a product, and using it—and VjENzHEKj{FL„VMKFRVEFGJHEFzRMKFWHQF F|RFGNEJF it and what service can renew the experience

HQ|F „NXKF NEF QKGF jNUK…ÇF RF URIEKMF HF WRQXKMIHENRQF about the potential implications of connected experiences for designers, technologists, and VINQKIIF `KR`jKƒF j KME€IF EKHzF HEF NWMRIR‚F MKWKQEj{F MKjKHIK|F HF IJRMEF LjzF |RWVzKQEHM{F WHjjK|Fž RQQKWENQ„ˆF H~KMI…Ç Just like value creation, connecting to the cloud forces a new mindset around value capture, the monetization of customer value. At most product companies, value capture JHIF KKQFHIFINz`jKFHIFIK™NQ„FEJKFMN„JEF`MNWKFERF zHÂŁNzNĂ‚KF `MRLEIF UMRzF |NIWMKEKF `MR|VWEF IHjKIÂ…F Sometimes this is done creatively, as with the razor-and-blades model made famous by

NjjK™KÂ…F HM„NQIF HMKF zHÂŁNzNĂ‚K|F ERF EJKF KÂŁEKQEF that companies leverage core capabilities in bringing products to market, and are able to establish control of key points in the value chain, for example regarding commodity costs, patents, or brand strength. Here are some ways ERF IJN‚F {RVMF EJNQ~NQ„F GJKQF NEF WRzKIF ERF REJF XHjVKFWMKHENRQFHQ|FWH`EVMKˆ However, making money in the connected space is not limited to physical product sales; REJKMF MKXKQVKF IEMKHzIF KWRzKF `RIIN jKF H‚KMF the initial product sale, including value-added services, subscriptions, and apps, which can easily exceed the initial purchase price. In a

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MKWKQEFWRQXKMIHENRQƒF KQKKF N KIEHƒFHF MNQWN`HjF HEF € KNjj{F j`JH KWJF KQEVMKIƒF QREK|ˆF ž JNQ„IF EJHEF „KQKMHEKF MKWVMMNQ„F MKXKQVKF HMKF actually more appealing to venture capitalists. EJKMGNIKƒF EJKF VINQKIIF zR|KjF NIF HQ~NQ„F RQF the hope that prospective customers will be loyal and be compelled enough to come back to V{FEJKFIKWRQ|F`MR|VWE…Ç

`ENRQIF URMF WRQEMRjF `RNQEIF HjIRF KÂŁ`HQ|F through the IoT. Customers can become žjRW~K|FNQÇF|VKFERF`KMIRQHjNĂ‚HENRQFHQ|FWRQEKÂŁEF gained through information gained over time, HQ|FQKEGRM~FK KWEIFIWHjKFHIFzRMKF`MR|VWEIF¢RNQF HF`jHEURMzÂ…F ĂŠVHjj{FNz`RMEHQEƒFLMzI€FK RMEIFERF develop their core capabilities change focus to emphasize growing partnerships, not always

build internal capabilities—so that understanding how others in the ecosystem make money becomes important to long-term success. Zach Supalla, the FRUF `HM~FĂ…HQFR`KQFIRVMWKF R F`jHEURMzĂ†ÂƒFIH{IƒF ž NEJF EJKF R ƒF {RVF WHQ€EF EJNQ~F RUF HF WRz`HQ{F NQF HF vacuum. The market stack is deeper than traditional products; you need to think about how your company will monetize your product and how your product will allow others to generate and collect XHjVKƒFERR…Ç In his classic book Competitive Strategy, NWJHKjF RMEKMF |KIWMN KIF EJMKKF „KQKMNWF IEMHEK„NKIˆF |N KMKQENHENRQƒFWRIEFjKH|KMIJN`ƒFHQ|FURWVIÂ…F RMFIRzKF industries, those basic strategies still hold true today. But in industries that are becoming connected, |N KMKQENHENRQƒF WRIEƒF HQ|F URWVIF HMKF QRF jRQ„KMF mutually exclusive; rather, they can be mutually reinforcing in creating and capturing value. If your WRz`HQ{FNIFHQFNQWVz KQEFLMzFEJHEF VNjEFNEIF~NQ„|RzF through a traditional product-based business model, be concerned as your competition and disruptionminded start-ups take advantage of the IoT.

Gordon Hui leads the Business Design & Strategy practice at Smart Design, a design and innovation consultancy with studios in New York, San Francisco, and London.

5 bad reasons to start profit oriented social enterprise Rich Leimsider

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hould a new social good organization choose a for`MRLEFzR|KjFRMFHFQRQÂż`MRLEFRQKĂŽF JNIFNIFHFĂŠVKIENRQF we face each year at my organization when we evaluate thousands of business plans from social entrepreneurs seeking start-up capital and support. This year, nearly 50 percent of those plans proposed using a URMÂż`MRLEFzR|KjÂ…F Q|FGJKQFGKFHI~K|FEJKIKFKQEMK`MKQKVMIF why, some of their reasons were just plain bad. They are not alone. New entrepreneurs are increasingly IEHMENQ„FURMÂż`MRLEFLMzIFGJRIKF`MNzHM{F`VM`RIKFNIFIRWNHjF impact. Supporting this trend is a tremendous increase NQFWH`NEHjFHXHNjH jKFURMFžNz`HWEFNQXKIENQ„…ÇF WWRM|NQ„FERFHF recent JPMorgan/GIIN report, impact investors invested nearly $11 billion across 4,900 deals in 2013, up 250 percent from 2011. At Echoing Green, the social impact of our portfolio is our highest priority, so we’re agnostic on which form the organization takes. With the new possibilities for URMÂż`MRLEF zR|KjIF Ă…NQWjV|NQ„F F RM`IƒF Ăˆ IƒF KEWÂ…Ă†ÂƒF IRWNHjF entrepreneurs now have more options. This can be a good choice for the right organization but too many entrepreneurs seem to be making the decision for the wrong reasons. Here are some of the worst reasons we hear for starting " $ _+ $` $ -$ 0$$-j H|FMKHIRQFĂ›Â”ÂˆF Qj{FURMÂż`MRLEIFVIKFž VINQKIIF|NIWN`jNQK…ÇF E€IFKHI{FERFIWHQFJKH|jNQKIFHQ|FIKKFVQ|NIWN`jNQK|FURMÂż`MRLEF WRz`HQNKIF Ă…EH~KF ƒF zKMNWHQF ``HMKjƅF UF ž VINQKIIF |NIWN`jNQKÇF zKHQIF HF EJRV„JEUVjƒF JHM|ÂżQRIK|ƒF QVz KMIÂż driven, approach to delivering results, businesses such as Teach For America (with a $250M annual operating V|„KEĂ†ÂƒFEJKFzVjENÂż NjjNRQÂż|RjjHMÂżjKQ|NQ„F ƒFRMFKXKQF institutions like Harvard University or the Cleveland jNQNWF HMKF „MKHEF KÂŁHz`jKIF RUF |NIWN`jNQK|F QRQ`MRLEIÂ…F

jKHMj{ƒFURMÂż`MRLEIF|RQ€EFJHXKFHFzRQR`Rj{FRQF|NIWN`jNQKÂ… "- " $. kxjF Qj{FURMÂż`MRLEIFWHQFIKjjFHF`MR|VWEFRMF service. This is a misunderstanding of corporate law in zRIEFWRVQEMNKIÂ…F JKEJKMF{RVMFRM„HQNĂ‚HENRQFNIFHFURMÂż`MRLEF RMF QRQ`MRLEF |RKIQ€EF E{`NWHjj{F H KWEF {RVMF H NjNE{F ERF IKjjF products. There are some nuances in China and India, but in most parts of the world, and certainly in the U.S., QRQ`MRLEIFzH{FIKjjF`MR|VWEIFĂ… NMjF WRVEFWRR~NKIĂœĂ†FHQ|FURMÂż `MRLEIFWHQFHWWK`EF|RQHENRQIÂ…F QFEJKFÂ’Â“Â”ĂˆFWjHIIFRUF WJRNQ„F MKKQF KjjRGIƒF LXKF RUF EJKF ”’F QRQ`MRLEIF KHMQF MKXKQVKƒF HQ|FLXKFRUFEJKFIKXKQFURMÂż`MRLEFWRz`HQNKIFJHXKFMKWKNXK|F donations. "- " $. kzjF Qj{FURMÂż`MRLEIF`MR`KMj{FWRz`KQIHEKF Kz`jR{KKIÂ…F HQ{F QRQ`MRLEF IRWNHjF KQEMK`MKQKVMIF KHMQF a good living. And in sectors such as education or JKHjEJWHMKƒFQRQ`MRLEFWRz`KQIHENRQFNIFR‚KQFHEFEJKFIHzKF jKXKjFHIFEJHEFRUFURMÂż`MRLEIÂ…F VEFNEFNIFEMVKFEJHEFGJKQFQRQ`MRLEF jKH|KMIF KHMQF IHjHMNKIF WjRIKF ERF URMÂż`MRLEF `KKMIF EJK{F HMKF IWMVENQNĂ‚K|Â…F Q|FNEFNIFWKMEHNQj{FEMVKFEJHEF KWHVIKFQRQ`MRLEIF have no share ownership a Facebook-like founder’s payday is not in their future. Commitment to social Leimsider entrepreneurship may mean lower lifetime earnings. RFEHj~FRUFž`MR`KMFWRz`KQIHENRQÇFzH{F KFHFIN„QHjFEJHEFHF the Catholic Church make it clear that organizations can `HMENWVjHMFKQEMK`MKQKVMFNIFQREFHF„RR|FLEFURMFRVMFzR|KjƒF rely heavily on donations and still be sustainable. In fact, according to the National Philanthropic Trust, when the which demands deep commitment to the social purpose. H|F MKHIRQF Ă›Ă‹ÂˆF Qj{F URMÂż`MRLEIF JHXKF HF IVIEHNQH jKF Ăž Fà ““FUKjjF {FĂ‹Ă F`KMWKQEFH‚KMFEJKFÂ’Â“Â“ĂŒFMKWKIINRQƒF Â… Â…F revenue model. There are usually two intertwined charitable giving dipped only 10 percent. "- " $. k{jF RQ`MRLEIF HMKF žRj|ÂżUHIJNRQK|ÇF HQ|F misconceptions here. First, there is the earned income fallacy (see bad reason #2). If an earned income model RQj{F URMÂż`MRLEIF KHMQF MKI`KWEF NQF EJKNMF IKWERMIÂ…F JNjKF UKGF is most sustainable for a particular company, they can entrepreneurs express this sentiment directly, we do hear `VMIVKF NEF HIF HF QRQÂż`MRLEÂ…F JKF IKWRQ|F zNIWRQWK`ENRQƒF NEÂ…F QEMK`MKQKVMIF HMKF |KK`j{F NQÂŽVKQWK|F {F EJKF `KR`jKF however, is that philanthropic revenue is somehow less around them. In the early years of Echoing Green our MKjNH jKFEJHQFKHMQK|FNQWRzKÂ…F JKFR§WNHjFIEHENIENWIFIJRGF H``jNWHQEIF JH|F R‚KQF GRM~K|F URMF QRQ`MRLEIF RMF „RQKF EJHEFzRMKFEJHQFà “F`KMWKQEFRUFIEHMEÂżV`FURMÂż`MRLEF VINQKIIKIF through social justice-oriented law schools. These UHNjF GNEJNQF EJKF LMIEF LXKF {KHMIÂ…F HMQK|F MKXKQVKF WHQF KF days our Fellows are more likely than ever to have an highly variable. And examples such as the United Way or MBA. According to a recent survey by AshokaU, for example, 64 percent of universities that teach about social entrepreneurship do so via their business school, rather than public policy, social work, etc. And it seems that on EJKNMF VINQKIIFzH{FQREFjRR~FzVWJFjN~KFEJKF`HIEˆF ÂŁ`KMNzKQEIFEJHEF a business school campus — and, truth be told, in many were once sideshows to pre-planned campaigns are increasingly `HMKQEI€FjNXNQ„FMRRzIFĂ&#x;FIEHMENQ„FHFURMÂż`MRLEF VINQKIIFJHIF central to a marketer’s job. zVWJFzRMKFWHWJKEFEJHQFIEHMENQ„FHFQRQ`MRLEÂ… XKMF EJKF {KHMIF GK€XKF IKKQF zHQ{F NQ|NXN|VHjF zHM~KEKMIF EM{F UFWRVMIKƒFEJKMKFHMKF„RR|FMKHIRQIFERFIKEFV`FHFURMÂż`MRLEF valiantly to take on these challenges. But most of them are stymied ERRÂ…F WJRNQ„F MKKQF LMIEF IV``RMEK|F HF URMÂż`MRLEF NQF Â’Â“Â“ĂŒF by structural constraints and capability limitations. Strategic and since then we have provided $10.4 million in start-up priorities somehow fail to cross organizational boundaries, to the WH`NEHjFERFĂ‹ĂŒFURMÂż`MRLEFWRz`HQNKIÂ…F KMKFHMKFIRzKFRUFEJKF `RNQEFGJKMKFIHjKIFHQ|FzHM~KENQ„FzH{FLQ|FEJKzIKjXKIFHEFR||IÂ…F KIEFMKHIRQIFGK€XKFJKHM|FURMFVINQ„FHFURMÂż`MRLEFzR|Kjˆ JKFI~NjjIFEJHEFzHM~KEKMIFQKK|FR‚KQFMKIN|KFKjIKGJKMKƒFIVWJFHIFNQF $$- " $. k|j JKQFjRWHjFjHGIFMKĂŠVNMKFNEÂ…F JNjKFzRIEF IT or central analytics groups. WRVQEMNKIFQRGFHjjRGFIRzKFURMzFRUFQRQ`MRLEFWRM`RMHENRQƒF

Decision-driven marketing Aditya Joshi and Eduardo GimĂŠnez arketers have always had to build brands, create demand, promote sales, and help their companies earn customers’ loyalty. But today’s turbulent environment means they must play critical new MRjKIˆF JK{F zVIEF KF IEMHEK„NIEIƒF HjjRWHENQ„F IWHMWKF MKIRVMWKIF ERF support company priorities and increasing return on investment. They must be technologists, tracking and capitalizing on the zRIEFVIKUVjFRUFEJKFIR`JNIENWHEK|FEKWJQRjR„NKIFEJHEFHMKFÂŽRR|NQ„F EJKNMFLKj|Â…F Q|FEJK{FzVIEF KFIWNKQENIEIƒF KWHVIKFEJKFUVEVMKFRUF

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NQF IKXKMHjF `jHWKIF EJHEF WjHIINLWHENRQF WRzKIF GNEJF IVWJF challenging restrictions (no government protests in JNQHƒFQKK|F`HMjNHzKQEHM{F|KWMKKFNQF K HQRQƒF|N§WVjEF to raise money abroad in India) that it is not practical. In these cases, the best way to have a deep social impact zH{F KFEJMRV„JFHFURMÂż`MRLEÂ… $$- " $. kxjF UFKĂŠVNE{FNQXKIEzKQEFNIFEJKF KIEFGH{F to get start-up capital. The rise of the impact investor is an important development in the social sector, and no social entrepreneur should leave mission-aligned money on the table. Joel Jackson (a 2011 Echoing Green fellow) launched Mobius Motors as a social purpose car manufacturer to democratize transportation in East Africa. Philanthropic donors were not able to provide the millions of dollars necessary to support design and `MR|VWENRQƒFIRFIKjjNQ„FKĂŠVNE{FERFzNIINRQÂżHjN„QK|FNQXKIERMIF made good sense. The trick here is not to lose sight that EJNIF GNjjF WjRIKF R F IRzKF `JNjHQEJMR`NWF |RRMIƒF HQ|F EJHEF KĂŠVNE{FNQXKIERMIFGNjjFGHQEFERFNQÂŽVKQWKFEJKF VINQKIIFERF„KEF their money back. $$- " $. kzj To send a signal to key partners RMFREJKMIFH RVEFEJKFMRjKFRUFURMÂż`MRLEFzHM~KEIÂ…F QFIRzKF WHIKIFHQFKQEMK`MKQKVMFNIFGRM~NQ„FERFNz`MRXKFURMÂż`MRLEF WH`NEHjFzHM~KEIFRMFGNEJFURMÂż`MRLEFKQEMK`MKQKVMIÂ…F HXN|F del Ser (a 2009 Echoing Green fellow) created Frogtek ERF`MRXN|KF N„¿WRz`HQ{¿ÊVHjNE{F VINQKIIFNQEKjjN„KQWKFERF raise the income of shopkeepers in the poorest parts of HENQF zKMNWHÂ…F IFHFURMÂż`MRLEƒF HXN|FWHQFMKj{FRQFHFJN„JKMF level of trust from his customers who know that they are facing similar challenges in the world. Jane Chen (a 2008 Echoing Green fellow) did it right when she and her co-founders at Embrace began with a social goal to save lives with an innovative low-cost infant warmer, and chose the model (and then evolved it) that best served that goal. JKF`RNQEFRUFHjjFEJNIFNIFQREFERF`MRXKFEJHEFEJKFURMÂż`MRLEF RMF QRQÂż`MRLEF URMzF NIF NQJKMKQEj{F KIEF URMF IRWNHjF Nz`HWEÂ…F QFUHWEƒFEJKF`RNQEFJKMKFNIFEJKFR``RINEKÂ…F VMF KIEFWJHQWKFERF zH~KFEJKFGRMj|F K™KMFNIFERFH„MKKFEJHEFEJKFWJRNWKFHzRQ„F corporate structures should be made entirely in service of social impact.

Rich Leimsider is the Vice President of Fellowship Programs at Echoing Green, C9 z@<?C@9 E<E=7<{D9 DFCD9 =7<|AG589 855G9 funding and technical assistance to emerging social entrepreneurs with ideas for social change.

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SUNDAY NEWSWATCH, AUGUST 3, 2014

JUST JUSTICE Promoting women’s right through gender equality Ayo Olalere

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ubbling with the idea of creating a new world of gender equality where women will no longer be made vulnerable to her male counterpart in every human endeavour, a group of organisations recently held a forum to brainstorm on the challenges facing women, and `MR KMK|FIRjVENRQIÂ… Tagged ‘Nigerian Feminist Forum (NFF)’ with the title: ‘Transforming the culture of gender inequality and injustice’, the forum comprised of organisations like Project Alert for Violence Against Women, Alliances for Africa (AFA) and BAOBAB for RzKQ€IF VzHQF N„JEIÂ… The forum examined why the right of women must be protected in N„KMNHÂ…F EF HjIRF `MRXN|K|F HF `jHEURMzF for strengthening the development of feminism and principles in Nigeria and its link with the broader regional HQ|F„jR HjFGRzKQ€IFzRXKzKQEIÂ… QF JKMF WRQEMN VENRQIƒF RQKF RUF EJKF speakers, Bene Madunagu, explained that over the years, the forum has consistently campaigned for the amendments of the Nigerian constitution to accommodate more women participations in the country’s `RjNE{Â…F ž QF N„KMNHƒF EJKF F JHIF `jH{K|F a critical role in creating the public policy space to engage the government and other strategic partners on legal reforms and constitutional HzKQ|zKQEIÂ…F EF HjIRF KQIVMK|F EJHEF NQF the public consciousness, the rights of women are not lost in the quest URMF |KzRWMHW{Â…F JKF `V jNWF I`HWKƒF however, is fraught with government R§WNHjIF GJRF |RF QREF IKKF EJKF QKK|F URMF IVWJF HF URMVzÂ…F JKF zK|NHƒF EMH|KF unions and political party leadership do not genuinely understand the need for feminist forum, discourse or understanding of the Charter of Feminist Principles for African KzNQNIEIÂ…F JKF GRzKQ€IF MN„JEIF zVIEF KF`MRzREK|FHQ|F|KUKQ|K|ÂƒĂ‡FIJKFIHN|Â… She added that there should be gender equality in the country where women are treated with equal rights HQ|F¢VIENWKF`MKXHNjIÂ…F “The gender equality is based on feminist principles which are the indivisibility, inalienability and universality of women’s human rights , the right of all women to live free of patriarchal oppression, discrimination and violence, the rights of all women to have access to sustainable and just livelihoods as well as welfare provision, including quality health care, education, water and sanitation, freedom of choice and autonomy regarding bodily integrity issues, including reproductive rights, abortion, sexual identity and sexual orientation as well as a critical engagement with discourses of religion, culture, tradition and domesticity with a focus on the centrality of women’s rights,â€? she IHN|Â… Bene further stated that the idea that feminism is a western ideology

Obibi

should be discarded, and advised EJHEF KXKM{F GRzHQƒF QRF zH™KMF JKMF status, must be free of oppression and unjust treatment, adding that the rule of justice demands that women must not be discriminated against by their zHjKFWRVQEKM`HMEIÂ… ž EF NIF HF zNIWRQWK`ENRQF ERF XNKGF feminism as a western ideology GJNWJF MKÂŽKWEIF GKIEKMQF WVjEVMKF simply because feminists’ theories, just like other theories, have KKQF NQÂŽVKQWK|F by external p r e s s u r e s resulting from colonialism and N z ` K M N H j N I z Â…F All feminists pilot round the recognition of existing w o m e n ’ s oppression and addresses the prevailing unjust and discriminatory g e n d e r relations,â€? she H||K|Â… JKRzHF N NF of the Alliances for Africa, in her contributions, blamed the judicial sector for the continued oppression of EJKF GRzKQF URj~Â…F She said slow judicial process has made prosecuting cases of

XNRjHENRQIF RUF GRzKQF MN„JEIF |N§WVjEÂ…F According to her, as such, many R KQ|KMIF GHj~F UMKKF HQ|F KIWH`KF punishment while victims are made ERF IV KMF EJKF `J{INWHjF HQ|F KzRENRQHjF EMHVzHÂ…F “The judicial process is too slow and cumbersome, causing many cases that have been successfully prosecuted being tied up in court for IKXKMHjF{KHMIÂ…F JKMKFHMKFQKK|IFERFEH~KF appropriate civil cases through the alternative dispute process in Lagos State and for more lawyers to join the WHVIKÂ…F JKMKF HMKF still not enough opportunities for the production and management of knowledge with partners and IEMHEK„NWF HjjNKIÂ…F EF is still a challenge „K™NQ„F {RVQ„F women interested in feminism, and patriarchy is still entrenched in the culture and in state structures at all jKXKjIÂ… She also added that the Charter of Feminist Principles provided a platform for government and organisations to understand the issue of feminism as relating to GRzKQ€IF MN„JEIÂ…F She encouraged all various women organisations to

Government must create leadership development and feminist principles for young women using the Feminist Charter as a training tool while pragmatic mentoring mechanism of older generation to inspire and support young generation of feminist and gender activists in Nigeria

work together towards ensuring the MN„JEIFRUFGRzKQFHMKF`MREKWEK|Â…F Obibi further stated that legal practitioners must be trained on how to handle cases involving abuse of women and develop interest in `MREKWENQ„FEJKFMN„JEFRUFGRzKQÂ… “Every woman should advocate for the passing of the Violence Against Women Bill (VAW) and lobby „RXKMQzKQEFURMFUVQ|NQ„FHQ|FIV``RMEÂ…F They must also ensure that lawyers and medical personnel are trained and equipped with appropriate information to support women’s rights and engage government in the `MRWKII…Ç QF EJKF HMKHF RUF GRzKQF K|VWHENRQƒF Asma’u Joda explained that women’s rights to education are also being impeded as many young women are prevented from being educated, adding that acquiring quality education has become ‘a far cry’ for zHQ{FGRzKQÂ…F “Women’s ability to fully exercise their fundamental human rights, such as those relating to education HQ|F Kz`jR{zKQEF NIF Nz`K|K|Â…F Around the world, the right to health especially reproductive and sexual health is a far cry from reality for zHQ{FGRzKQÂƒĂ‡FIJKFKÂŁ`jHNQK|Â… Joda added: “Concrete strategies should be put in place for domestication and implementation of the Convention on the Elimination of all forms of Discrimination Against Women (CEDAW) and the Protocol to the African Charter on Human and People’s Rights on women’s MN„JEIFNQF UMNWHÂ…F JKMKFIJRVj|FHjIRF KF concrete advocacy strategies for the reproductive health right of women, strengthening the voice of women and position them to challenge oppressive practices and human MN„JEIFXNRjHENRQIÂ… Government must create leadership development and feminist principles for young women using the Feminist Charter as a training tool while pragmatic mentoring mechanism of older generation to inspire and support young generation of feminist HQ|F„KQ|KMFHWENXNIEIFNQF N„KMNHÂ… The Executive Director of Project Alert on Violence Against Women, MIF RIK`JNQKF HJÂż JV~GVzHƒF who was represented by Priscilla Usiobaifo, concluded the discussion by saying that the Child Rights Acts NQF N„KMNHFzVIEF KFKQURMWK|Â… “There is need to check our activities to ensure that we do not fuel EJKF W{WjKF `V™NQ„F NQF `jHWKF IEMVWEVMKIF and policies to guide our positions as feminists and organisations in HWEVHjNIHENRQFRUFEJKFMN„JEIFRUFGRzKQÂ…F Up and coming organisations and individuals should be empowered RQFI~NjjIFERFL„JEFH„HNQIEFXNRjHENRQIÂƒĂ‡F IJKFIHN|Â… Chukwuma added: “Awareness should also be created on the continental sexual and reproductive rights framework developed as „VN|KF NQF L„JENQ„F H„HNQIEF XNRjHENRQIF of women’s sexual and reproductive MN„JEI…Ç

54

SUNDAY NEWSWATCH, AUGUST 3, 2014

Vibes NEWSWATCH

Tope Olukole tope.olukole@mydailynewswatchng.com 08082477041

SUNDAY NEWSWATCH, AUGUST 3, 2014

Versatility makes comedians stand out –Koffi When it comes to stand-up comedy in Nigeria, one name that would certainly be on the lips of many D Q &R R T $ $R U ! Q D% " U U T has registered his trademark as a force to be reckoned with in the business of comedy, and has also V! Q X YR ! XQ ! X % X X U" & & BUKOLA BAKARE, the Chemistry U QR X " U U " & " U Q X comedy in school, and also bared his mind on comedians who U ! ! Z [ % Take us back to your early days in comedy? ell, I started out from Theatre 15 at the University of Lagos while I was studying Chemistry. Prior to that time, I went to Adrao Nursery School and Kuramo Primary School in Victoria Island and Moriti College, Ijebu Igbo, Ogun State.

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What inspired you to go into comedy then? Like I said, I started out as a stage actor at the University of Lagos and while I was at it, my comical side gradually took over the serious part of me so it just metamorphosed into being who I am today, a comic character. I used to be a very naughty boy when I was young so it was just natural for me. H o w would y o u describe $ Â‚ F R§ F is an intellect who likess to portray y himself in n differentt areas of the arts. I have the he talent, so I don’t let it go to waste. te. I express ess m y s e l f through m u s i c , c o m e d y or acting. g. I g think I am m a very simple mple p e r s o n . Besides the job, I am m an introvert. Really? Yes and I like to keep eep p to myself a lot, except when I am on the he job. j I think I am a 100 per cent proudly Nigerian too.

KOFFI

Nigerian and

How long have you been in the comedy business and what have been your

challenges? I have been in comedy for the fun of it INQWKF”  ĂŒĂ  åF VEFLQHQWNHjj{ƒFINQWKFEJKF{KHMF 2000 and professionally, since 2001. By the g grace of God,, there have been no challenges use I see everything y for me because as it is R|ƒFIRFNEFNIFQREFKÂŁHWEj{F { GMN™KQF {F R|ƒFIRFNEFNIFQREFKÂŁHWEj{F a challenge. You know, sometimes, we don’t always wait for God’s time as the best time. We alwayss h want to rush things, but forr me, I take it w, nice and slow, he take things the es way it comes EJF HQ|F ÂŽRGF GNEJF the tide. So, everything that hat happens to me is the way God has ordained ned it to be. Thatt is how I see it. Let’s talk about bout you and the KOFFI Wo r k e r m a n movement? The brand, rand, R§F MN„JEF QRGƒ QRGƒF is all about production: music, movies and every other forms of production. It is not just about cracking jokes anymore. That is what I am working on now. Why do you think some comedians re-cycle their re-cycl jokes? Let me state that it is not wrong g for a comedian to say comed his oown jokes over and over again. What is again g wrong is when wron others pilfer othe the jokes and make it their mak own and they all crack the jokes at the joke same time. sam It is wrong. In the same vein, it is ve not bad for no a comedian to get to event an HHQ|F LQ|F a relevant material f r o m another comedian’s joke and use it but it is very wrong for gather comedians to together at a public concert and three or four comedians crack the same jokes. It zH~KIFQRFIKQIKFHQ|F FLQ|FEJHEF|N§WVjEFERF WRz`MKJKQ|Â…F F HzF L„JENQ„F H„HNQIEF `KR`jKF who pilfer other peoples’ jokes. I am really

against it. What are you doing in that regard; are you -$ .0 "./ .0 + ! `!‚ Yes, I have been calling everybody to order. I have spoken p to several talents that the best way y

forward is to get original and serious. If people don’t take us serious, then, our industry is going to crumble and we are going to address the issue at the MN„JEFURMVz…F KF|RQ€EFQKK|FERFL„JEFH RVEFNEF and create a mess. We will call ourselves to order, talk about it and make sense out of it. What are the problems blems comedians face ace in the industry, y, are y there any peculiar culiar ones? For me, there HMKF QRF I`KWNLWF KWNLWF problems. It is just the way society ciety y sees things. ngs. g Comedians have been so stereotyped to be just standndup comedians; ns; people don’t n’t try to see the he other aspect of what you can an do like musiccc o m e d y or acting g infused with h comedy and d take them m serious. It is just a few people that have been able to break these barriers. For me, I have been able to veer into music production so that people can see that as a comedian, you have other talents and people can recognise those talents in you. For instance, there is a Jamie Fox in America that started from a sitcom, became a comedian and still sings

beautifully, so it can also be done here if you have the ability. Tell us about the musical side of you? Regarding music, I am into so many things. With the Workerman movem movement, we have releas released music. What we ar are doing is a full time job and should be ttreated as such. The same doctor that treat treats malaria treats canc cancer and also assis assists women giving birth to a baby. These HMKF |N KMKQEF HMKHIF HF doc doctor performs his dut duties. In the same vein, vei as a comedian, wh why can’t I do every other thing that I oth can do as long as I do don’t try to usurp another person’s an piece of cake? I pi just try to express jju myself the best m way that I can. w Where do you draw your y inspiration from? Basically, from the environment. When I look around, I see things that inspire thin me. Then, God is the ultimate inspiration ult and he talks to me all the time. tim As far as I am concerned, God is the ultimate Comedian. He has enough in his abundance that is why he has handed it over to us, so God is my number one inspiration. Let us digress a bit, tell us about your personal life? (Cuts in) Well... I am married but usually, I don’t discuss my family. Family and business are totally |N KMKQE…F

KOFFI

What are your W ffuture plans? I hope to keep blazing k the trail for th c o m e d y movies. We m have started ha the process, we have done Two hav black birds and bla Mumu , Funny Mu movie and a host mov others. I hope to of ot do a whole lot of things. Like I said thing earlier, I am into earli production. I am prod basically becoming basic producer that a p would be pushing things. I will use the things brand name to push other things. out oth

What iis your parting shot to your fans? Well... If you want to be like me, you WHQ€E…F VIEF KF{RVƒF`VEF R|FLMIEFHQ|FGRM~F very hard. You will get to your pinnacle HQ|FQRFzH™KMFJRGFJHM|FNEFNIƒF{RVFGNjjF„KEF there.

55

SUNDAY NEWSWATCH, AUGUST 3, 2014

Music&Classics

Bayo Ogunyemi bayo.ogunyemi@mydailynewswatchng.com 08094311491

Theorising practice and practising theory: A phenomenology of music in Nigeria (2) Continued from last Sunday

W

" *& !‹ $ÂŒ - - $ 0 ." Â? " ! $$% $ !%" !"% *& !‚ & ! IF zVINWF MKHjj{F EJHEF IGKKEF zKjjNÂŽVRVIF harmonious sound with dance-inducing rhythmic drumming? To answer this last question, we shall examine the relevance of some component key words in this |KLQNENRQF KWHVIKFIRzKFRUFEJKzFH``KHMFERF KFWV™NQ„F NQERFEJKF|NIWVIINRQFRUFEJKFNz`HWEFRMFK KWEFRUFzVINWFRQF `KR`jKFâF|KIWMN NQ„FJRGFzVINWFWHQFH KWEF`KR`jKÂ… KIƒF NQF EJKF |KLQNENRQƒF GKF HWWK`EF EJKF GRM|F žIRVQ|ÇFHIFKIIKQENHjÂ…F VEFžIGKKEĂ‡ÂƒFžzKjjNÂŽVRVIÇFHMKF |KLQNEKj{F QREF WHjjK|F URMƒF HQ|F IJRVj|F KF |NI`KQIK|F GNEJÂ…F JKFGRM|FžJHMzRQNRVIÇFWHQF KFH|zN™K|Ă?FEJKF “harmoniousnessâ€? is not necessarily in terms of that physical triadic harmony perceived in part-singing. In short the sound does not have to be “sweetâ€? and/ RMFžzKjjNÂŽVRVIÇFNQFEJKFIKQIKFNQFGJNWJFEJKFWRzzRQF and uninitiated hearer believes. The result of the sound may be satisfying; in fact, this is the essence of a sound that will be called music. But “dancingâ€? GNEJFEJKFž|MVzzNQ„ÇFNIF|KLQNEKj{FQREF`HMEFRUFEJKF |KLQNENRQF RUF zVINWĂ?F |HQWNQ„F HQ|F |MVzzNQ„F HMKF |N KMKQEFUMRzFzVINWˆFEJK{FHMKFHWENXNENKIFâF`J{INWHjF activities meant for the theatre or spectacle. Drumming is the articulation of time in music; time itself is the measure of duration while duration is a property of sound which, itself, is an essential WRz`RQKQEFRUFRVMF|KLQNENRQFRUFzVINWÂ… Do we need to articulate time when it is already present in the rhythm? Rhythm is the manifestation of the sequence of vibrational pulsations? Drumming is therefore not an essence of music. &** .0 $ *& ! " %"ÂŽ/ * .-Â? ÂŒ"/ $ % . .0 $ *& !‘

" "! QFKHMjNKMF|H{IFHIF VMR`KHQIFGKMKFzH~NQ„FEJKNMFLMIEF acquaintance with Africans, they believed that our music consisted of drumming only, hard rhythmic pounding of drums; they said that the African was NQWH`H jKF RUF EJKF LQKF H IEMHWENRQF RUF zKjR|{F âF {KIƒF EJHEFzKjR|{FGHIFERRFMKLQK|FURMFRVMFVQ|KXKjR`K|F intellects/minds. Similarly, they believed that we had only sculpture for our art because our imagination WRVj|FQREF„MHI`FEJKFLQKIIKFRUF|MHGNQ„…F QFIJRMEƒFEJK{F believe that only hard macroscopic and concrete things were the only things we could feel or capture. The Persian journalist and scholar, Ibn Butlan, who

Music is used in all cultures of the world to provoke such feelings, such emotions, such sense of well-being or such sense of un-well-ness.

XNINEK|FEJKFIHJKjFMK„NRQIFRUF KIEF UMNWHFNQFEJKFÂ”ĂˆEJF century expressed a similar opinion where he wrote in his travelogue that, “Dancing and beating drums is ingrained in their blood; they say, were an African to fall from heaven, he would beat time on landing.â€? KMEHNQj{FEJKF¢RVMQHjNIEFGHIFMKUKMMNQ„FERFHFMKÂŽKÂŁF action – not to any intelligent one. VEƒFKQRV„JFRUFEJKIKFMKÂŽKWENRQIĂœF JHEFNIFzVINWĂŽF Simply and clearly put, MUSIC IS STRUCTURED SOUND. The origin of music and classical music There will be no place here to trace the origin of music; but we can just mention that there are four

stages from the earliest of its development to what we know today as the school/classical music. The stages are as follows: 1st – Music in nature (human nature) Â’Q|F âF VINWF NQF human activity ĂˆM|F âF VINWF NQF human consciousness and practice 4th – Music in human reason. ` ÂŒ$ "0 ÂŒ %% .$ # 0 , . *&! +"! ‹ #& ÂŒ "%% +$ . $& " ÂŒ % ,". "! ‘ & !

f o r m

therefore, it is a language g g in as much as it communicates. These organized/structured g sounds are, as it were, symbols: y Music is a symbolic y language; g g it speaks/communicates p to the mind, evokingg emotions or feelings g in us; it can therefore change g our mood: it can make us feel happy, ppy sad, moody, y awake, bold etc. Music is used in all cultures of the world to p provoke such feelings, g such emotions, such sense of well-beingg or such sense of VQÂżGKjjÂżQKIIÂ…F JKIKFK KWEIFRUFzVINWFHMKF the veryy nature of music – from the third stage g to the fourth – in all cultures of the world. Theyy are universal. $* "ˆ #& $ z - "0 *& ! The third s t a g e music, in any given

Professor Mereni

*$ + ,"- .0 $ "%% " ‘ *& ‹ 0$- $ ÂŒ ! " $ÂŒ ."* ".- *". " $. $ * ‹ ÂŒ " - $ # "& $ $ "%% &*". . %% ! &"% .- ",$& ‘ & "%%/ "./ &*". .- ",$& " -$ .$ $ 0 ." $ #"!' $ !$. $%% .0 .1& .! $ ! . "% . ,$& / *‚ JKFLMIEFzHQNUKIEHENRQFRUFzVINWFNQFJVzHQIƒFNIFEJKF `VjIHENRQFRUFEJKFJKHM Â…F JNIF KHEF|MHGIFEJKFHzQNRENWF liquid together at that throbbing spot, the heart of the mother, where it condenses into the foetus. Thus, the ancient Egyptians legend which talks about the “sound constituentâ€? of man, can now LQ|FIWNKQENLWF HW~NQ„FNQFEJKFUHWEIFRUFRQER„KQKINIƒF from the development of the primitive encephalon, the neural chords, through to the constitution of the central nervous system. Humans and animals are sensitive to sound in general, and to rhythm, in particular – this rhythm KNQ„F EJKF LMIEF HQ|F zRIEF IKQIVRVIF NQ„MK|NKQEF RUF zVINWÂ…F JKF KQRMzRVIF `RGKMF HQ|F NQÂŽVKQWKF which music exercises on human emotion is accountable to the centrality of rhythm/music in the psychophysical development of man (the foetus). | Â’ x.- "0 Abundant evidences have been registered in human beings from the earliest developmental days of the foetus through the post-natal development, and from the lallation stage of the child’s development to the pre-elementary school years. All these years of unconscious “musickingâ€?, represent the era of music in the natural unconscious âFEJKFLMIEFHQ|FIKWRQ|FŔIEFHQ|FÂ’Q|ÆF`KMNR|IÂ… z - "0 In the third period, music becomes a conscious practice of man; he could learn the art of playing musical instruments and singing through imitation and/or instruction; he can learn to compose. He is conscious of the power and uses of music. Š "0 $& "0 ‹ *". # 0 . $ " $."% ÂŽ *& !‘ RQWKMQNQ„FEJKFĂˆM|FIEH„KFzVINW The conscious practice of music and musical arts at the third stage of development represents man’s exercise of this natural talent in its raw natural form/ state. This is said with no perjorative intent at all. Concerning this third stage when musical practice becomes a conscious undertaking, it is well worth noting that the “artistic embellishments and trappings added to it or co-exercised with it, are all geared towards enhancing its animational capacity in order to intensify the delight of man’s natural senses. The third stage music is the natural music: it is EJKF zVINWF GJNWJF F |KLQKF HIF IEMVWEVMK|F IRVQ|Â…F It is known in all cultures of the world; and in every culture of the world, it communicates;

WVjEVMKƒFGNjjF`MRXR~KFEJKIKFK KWEIFNQFEJKF`KR`jKFRUF that culture. In addition to these, it is the nature or EJKFQHEVMHjFK KWEFRUFEJKFEJNM|FIEH„KFzVINWFERF|NIÂż inhibit; it can “intoxicateâ€? a person, or make him sober. The tendency of our pop musicians to spoil their clothes, to come naked on stage, to be wild HQ|F VQÂżEHzKF KEWF HMKF HjjF H™MN VEKIF RUF EJHEF zVINWĂ?F those are the very Dionysian elements which are inherent in that music – that Dionysian principle which the Apollonian opposes to establish the equilibrium that produce the music of the 4th stage which will be discussed in the paragraph JKMKVQ|KMÂ…F JKFK KWEIFRUFEJKFĂˆM|FIEH„KFzVINWFHMKF universal. Referring to the African music, Prof. K~NF Ă‚KGNFJN„JjN„JEIFEJKIKFK KWEIFGJKQFJKFIH{IF EJHEƒF zVINWF Ă…JKF NIF EHj~NQ„F I`KWNLWHjj{F H RVEF RVMF folk music) dis-inhibits, it emboldens the artiste and brings him to the mood of breaking through HjjFEH RRKIFHQ|FMKQ|KMNQ„FJNzFWH`H jKFRUFV™KMNQ„F things that he would, in normal mood, feel shy and VQH jKFERFV™KMÂ… The fact that in all cultures of the world, music is used to heal the same types of ailments, is enough proof that music provokes the same type of feelings in all peoples of the world. The African or the N„KMNHQFzVINWF|RKIFQREF`MRXR~KFHQ{FREJKMFK KWEIF in us except those which the music of other cultures in the world, provoke in their people. It has been QKWKIIHM{FERF|GKjjFIRFjRQ„FRQFEJKFĂˆM|FIEH„KFzVINWƒF for it is from it that the 4th stage music is extracted – that 4th stage music which is the main theme of this discourse, about which theory we are practicing and about which practice we are theorizing here; it is called the classical music or the school music. " !%" !"% *& ! ‰ Š "0 *& !‚ The fourth stage of music’s development was the intellectualization of that art: it was a sublimation of that art which took place as the musical phenomenon was subjected to ratiocination: the KIIKQWKFRUFzVINWFGHIFIN‚K|FRVEFHQ|FJHMQKIIK|FURMF EJKF H™HNQzKQEF RUF „RHjIF zVWJF JN„JKMF EJHQF zKMKF delight of the sense. JNjKF EJKF `MHWENWKF RUF zVINWF Ă…ĂˆM|F IEH„KF zVINWÆF could have started much earlier than 6000BC in the Nile Valley (This was the date claimed by Villier in his “History of Musicâ€?), record has it that by the {KHMF ĂˆÂ’Â“Â“ ƒF zVINWF JH|F HjMKH|{F URMzK|F `HMEF RUF the disciplines of higher education in Kimit (Egypt) in the Mystery system school, a kind of university where every manner of disciplines – Philosophy, Religion, Medicine, Law, Music, Mathematics, Geometry, Astronomy and other sciences were taught by the Egyptian Priest-Philosophers. These `MNKIEÂż`JNjRIR`JKMIF |KLQK|ƒF HzRQ„F REJKMF EJNQ„IƒF the nature of music and extracted the essence of its beauty for philosophical contemplation – harmony, logic and transcendental order. It will bring this

paper to an undesirable length if we should go to any extent to explain the nature of these principles of music’s beauty. In brief, they consisted of ethical `MNQWN`jKIF GJNWJF ÂŽRGKMK|F NQF EJKF KHVE{F RUF EJKF numerical proportion of the ordered universe as manifested in the planetary orbits of the sideral heavens and reproduced in the propagation of tone, and in the equilibrium of body and soul etc. " & ".- ! " "! ! $ Š - , %$+* . "0 *& ! The contemplation of this cosmic music takes place in discipline silence. And discipline is both the characteristic and the product of the music of the fourth stage. The next characteristic is reasoned action: ratio, no place for vulgarity. The fourth characteristic is control which one may mistakingly argue to be already embodied in discipline; but further expatiation will reveal the correctness of |N KMKQENHENQ„FNEFUMRzF|NIWN`jNQKÂ… In the fourth stage music therefore, it is no jRQ„KMF EJKF JHNMÂżI`jN™NQ„F KWIEHI{F RUF zVINWF EJHEF NIF extolled, but controlled, sober and proportional transcendence. These represent the Apollonian principle – as revealed in Friederick Nietche’s “Die Geburt der Tragoedieâ€? (the Birth of Tragedyâ€?). In this book (“the Birth of Tragedyâ€?) Nietsche `RIEVjHEKIF EJHEF EJKF ™NWF EMH„K|{F Ă…NÂ…KÂ…F WjHIINWHjF music) was born out of the union (in marriage, sort of) of Apollo and Dionysus, two gods of opposing tendencies/characteristics. ÂŒ ! ‰ %" !"%Â? ! $$% & ! “ Š "0 *& !” If we accept the testimony of Hesiod that all the gods of the Greeks were Egyptian, then Apollo was the name the Greeks gave to Ptah, the Egyptian god of measure, proportioned beauty, equilibrium, simplicity, soberness, control, decency, equity etc. This god, Apollo, represents the opposite side of Dionysus, the Greek god of creativity characterized with boundlessness, wild imagination, uncontrolled ÂŽRGFRUFN|KHIFHQ|FHMENIENWFWMKHENXNE{ƒFjNzNEjKIIFUHQEHI{ƒF orgy, drunkenness/ bachanalism e.t.c. According to Nietche, the balance that resulted from the union of these two gods, is the aesthetic goal of classical forms in music, literature and arts of all sorts. This balance was expressed in the Egyptian concept of Maas, a concept taken over in the Middle Ages and translated by Augustine of Hippo as “IN MEDIO STAT VIRTUSâ€?. The beautiful forms which Plato observed in the Egyptian arts and which he advocated for the Greeks of his day, were realizations of Maas. The Hegelian aesthetics that dominated the 18th and 19th century classical EJRV„JEƒFGHIFNQÂŽVKQWK|F {FEJNIF`MNQWN`jKÂ…F JNIFGHIF the “new aestheticsâ€?; it is the ideal of the music of the fourth developmental stage; it is the subjection of QHEVMKFERFMKHIRQFURMFEJKFH™HNQzKQEFRUF|KLQK|F„RHjIF – aesthetic, spiritual/ intellectual, even technological. We should observe that the fourth stage music did not abdicate the function of delighting; but it advocated the control, through reason, of the tools and weapons of delectation. The content in information of the fourth stage music (classical music),both on the part of the actor, the actant and EJKFNQEKM`MKEKMFNIF|KLQNEKj{FzRMKF|KQIKFEJHQFNEFNIFNQF the third stage music. From the brief outline given above, it can be seen clearly that the fourth stage music (the classical zVINWÆFNIF|N KMKQEFUMRzFHjjFREJKMFzVINWˆFNEFNIFQREFEJKF music of any ethnic group in the world because, what constitutes it is just the extract of music – the universal qualities of that single music of the ĂˆM|F IEH„KF RUF |KXKjR`zKQEÂ…F HWJF WVjEVMKF RUF EJKF world can seize on that extract (as manifested and studied in the theory/principles elicited from its melic, rhythmic and lyrical processes) and use it to achieve those goals listed above–aesthetic, spiritual/ intellectual and even technological. Without continuing to belabor this point – which can however be followed through the history of this music (classical music) without interruption, let us observed here that the accusation that classical music is European music is completely false. Europeans study it as we do here; and many of us Africans/ Nigerians who had the fortune of studying music in Europe and/or America, were employed, if the need arose on their part or on our own part (especially as self-help measure to earn some money to sustain our studies), to teach this same music in those WRVQEMNKIÂ…F EFNIF|N KMKQEFUMRzFEJKNMFKEJQNWFzVINWÂ…

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!$%-G% G $/G)& :G)%G (G# %(G "" $ G * $G - )G ( * $ G * G #+ F$ G - ( $ ))9G $/G& %&" G!$ -G %+*G /#)G $ G $+*( * %$G +$* "G * /G " * (G +$ ()*%% G * *G* /G %+" G$%+( ) G* (G % )G /G +)*G )*( )) $ G *G $ G $( $ G * (G # $ )9G 2 (G G - ):G * ( %( :G )%# * $ G , (/G $%, "G $ G( "G $ G# $/G ( $)G , G ! / G $*%G *9 GG! ย G $ G ""G& "%)%& ":G) G( * ( * )G * *G)& )G , G $G $G . )* $ G %(G/ ()9G $G * G %" G /):G %# $G )%" ()G -%+" G G * ! $G *%G G ) +$ G %( G * /G - ( G ) $*G*%G- (9G $G* G) # G, $:G %(# (G G ( ) $*:G % %( G %%) , "*:G - )G ")%G G)& G $* +) )*9GC G/%+G( G* G )*%(/G % G )& ):G /%+G -%+" G G$ G * *G *B)G $%*G )%# * $ G $ -9G %$) '+ $*"/:G - G ( G "- /)G ! & $ G ( )*G % G , "%&# $*G + G *%G * G ( & G (%-* G % G * G $ +)*(/G +) G & %&" G , G %# G *%G ( " ) G * *G *B)G ย G (G *%G G $G G &( , $* , G

#% G * $G - * $ G *%G ""G ""G %( G * /G %G )%# * $ 9G G #& ) )G ( G )G &( , $* * , G "* 9BB G G G *%(G -%# $G - %G %G * (%+ G G "%*G % G )*( ))G *G -%(!:G # $ $ G * G %# G $ G + " $ G ( ():G $ / G+( G* #G$%*G *%G G $%( $*G % G * (G "* G $ G - ""G $ 9G G #& ) ) G* *G-%# $G ( G)%G & )) %$ * G %+*G* ! $ G ( G% G , (/G%* (G & ()%$:G . &*G* #) ", )9G +):G* /G* $ G *%G " , G * #) ", )G %+*G % G * G '+ * %$:G %( ย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ย G $ G /%+(G $ )G%$G* G&"+ :G/%+G +)*G %G%$9G G% , %+)"/G $ %/G - *G G %G +) G G $G ) G* G, ) " G( )+"*)9G %+G !$%-:G - $G /%+G ( G ) (, $ G +# $ */:G /%+G ( * G G "%*G % G - ( $ ) ) <G * $ G ""G * G * # :G

% $ G $ G % G ( $ G " ย G" G * &)G - G %G G "%$ G - /9G . ) ) )G )+ G )G G %" )* (%"E "%% G &( ))+( :G * ):G $ (:G *G "G ( G ""G " F)*/" G ( " * :G * ! G *G%(G" , G *9G G) /)G* *G G& %&" G $G *%G!$%-G- *G*%G %:G* /G-%$B*G ""G ""G)%G ) G %# )G $G )G&( , $* , G# )+( G%$G" G )*/" G *( $ $ 9G %&" G - ""G $%*G %$"/G %& G +*G)* /G- ""9 C G *(+* G )G * *G G %$B*G ) G $/ % /G )G %#& * * %$G +) G - G ( G ""G %"" %( *%()9G ( G ( G150# "" %$G& %&" G $G ( G $ G 13# "" %$G $G %)G "%$ :G )%G G $$%*G* ! G ( G% G , (/ % /9G %( G )& )G ( G % $ G *%G )&( $ G +&G ) $ G * ( G )G G "%*G #%( G - ( $ ))G $ G )G "%$ G )G & %&" G ( G % $ G *G &(% )) %$ ""/:G * $:G *B)G G$ 9G 5, (/ % /G )G * (G %-$G %( G )) $# $*9G G #G G "* G $ G - ""$ ))G % :G$+*( * %$ )*G $ G %"%$F* ( & )*:G)%G #/G& )) %$G )G " (G +) G G , G (, G #/G$ G*%G "&G +# $ */9BB GG * G* G % :G) G )G+$ ( %$ G) , ( "G $* ($ * %$ "G*( $ $ )G $ G %+() )G +) G * ( G )G "- /)G)%# * $ G$ -G*%G * G+&G - * <G G$ -G* ( &/G%(G*( *# $*G $ G) G - $*)G (G " $*)G*%G G " G*%G *G- *G )G %## $)+( * G- * G- *G )G% * $ " G ""G %, (G* G-%(" 9GC G +)*G %*G !G (%#G* G $)* *+* G% G G)*/" G % $ G* ( G- !)G %G $ G , $G$%-:G- ""$ ))G )G % $ G*%G G &+*G $*%G* G +(( +"+#G% G# "G)*+ $*)G $G2 (, ( 9G ) G- ( G)%# G% G* G* $ )G * *G # G%+*G% G#/G" )*G*( $ $ 9BB *G $ , :G ) G ) /)G * /G ")%G +) G )% *- ( G)%G *B)G$%G + ))G-%(!G %+*G- ( G G " $*G "* G )9G C G * )*G $ G # )+( :G * ! G "%% G &( ))+( :G 4 :G (* ( "G "* G $ G%, (G G& ( % G% G80 /):G- G$%-G) G - *G )G $ 9G *:G G"%*G)* ""G $ )G%$G * G " F)*/" G % )G * *G & %&" G # ! 9DG , ) $ G -%(! $ G -%# $G ? $ G # $@G %$G (* $G * $ )G * /G %+ *G *%G +$ ()* $ G %+*G)%# G% G* G" G)*/" G % )G- G G *)G * (G %+*&+*:G ) G ) /);G C ! G G +$ ()* $ :G& %&" G , G*%G" , G %# G *G 3G%(G4 #G)%G* /G $B*G , G ( ! )*G- G )G%$ G% G* G#%)*G #&%(* $*G# ")G% G* G /:G * /G *G - *G )G ( "/G , " " G $ G /G* G* # G* /G "%) :G* /G *G %# G " * G)%G G"%*G% G* G&(% " #G- G ( G $ G )G " )*/" G ( " * 9G *B)G - /G & %&" G $ G*%G G % G%$G %-G*%G $ %(&%( * G (* $G * $ )G $*%G * (G ) # $ "/G +)/G ) +" )9D G G %:G - *B)G * *G %$ G * $ G * *G ! &)G ( $%" G $ / G % $ G )G $G $ , + "G %$G * G %$ G $ G $ G * G -%# $G - %G (+$)G $ , G%$G* G%* (G $ =G G) /)G * *G" G )G ""G %+*G " $ ;G* G)& ( *+ ":G & /) ":G# $* "G $ G #%* %$ "G ""G$ G*%G G&+*G $G&(%& (G& ()& * , 9GC %+G $$%*G ) /G * *G /%+G ( G & )) %$ * G %+*G /%+(G # "/G $ G ( ""/G %$B*G ( G %+*G /%+(G # "/9G G " , G* *G/%+G , G*%G G (G $G " :G G " , G $G* G)& ( *G% G . "" $ G $ G G #G$%*G $G +) $ ))G %(G* G) ! G% G % $ G *G +) G *G )G *%G G . "" $*"/G %$ 9G G &+*G#/G& )) %$G $*%G , (/* $ G* *G G %G $ G G #G ")%G %$) ( * G % G * G & %&" G (%+$ G # 9G 2 , G G G $%+ G (*G *%G "%, G+$ %$ * %$ ""/:G $ G G (% G $%+ G # $ G*%G # ( G* G G ( $ )G* *G# ! G G% G+)G+$ '+ 9GG G ")%G , G G %)) " */G $* " */G G $G.%G & ( *>GFG /GA G $BGAG )G #%( G #&%(* $*G* $G#/G G +) G *G )G * G" $ + G% G %)) " */9BB %$) '+ $*"/:G * ( G )G * G $ G *%G ( G $ G , G G +# $G $ G*%G , (/* $ 9G $G $ , :G ( $%" G $ / G) /)G) G-%+" G %$* $+ G *%G " , (G %$G (G &(%# ) )G $ G -%$B*G $G*%G +*G %($ ()9GC* $ ""/:G* ( G )G "- /)G* G$ G*%G)# " G( ""/G +) G G)# " G +)*G ) (#)G , (/* $ G $ G) $ )G * G $ ( /G , #& ( )G - /:BBG ) G $ )G - * G G (% G)# " G%$G (G 9GGG G

57

SUNDAY NEWSWATCH, AUGUST 3, 2014

Sunday Business Football: Growing business out of pleasure The glamour and vigour with which nations compete to host FIFA organised football tournament has gone beyond mere playing of the round-leather object and even way above winning the trophy, to business and economic development. It has been noted that the GDP of countries that host the games grows twice or sometimes three times its normal size. To this end, everything is deployed, consultants engaged and government at different levels involve. In this write up, WILLIAM ANAEBONAM looks at the business and economic imperative of hosting the tournaments t is now common knowledge that nations do not bid for the World Cup just for bidding sake, it is largely for business and economic development rather than just tourism. In recent times, EJKF WRQEKIEF ERF JRIEF EJKF LKIEHF JHIF become more businesslike with a lot of money exchanging hands between consultants, marketing companies and sometimes, governments. The last world cup in Brazil is not an exception. Generally, the FIFA RMj|F V`F JHIF HF IN„QNLWHQEF Nz`HWEF on the global economy. In fact, FIFA, football’s global governing body with 204 member countries, is beginning to view itself as a global “big business.â€? This self-image is no assumption; it has been proven throughout various World Cups that this football tournament has a global impact. World sponsorship has risen from two thousand dollars in 1984 to 16 thousand dollars in 1996. F F JKF ERVMQHzKQEF H™MHWEIF JVQ|MK|IF of millions of viewers on average from beginning to end of the tournament. These sponsors include Coca-Cola, McDonalds, and Adidas others include Pepsi and a number of banks. In the United States the 1994 host, 65 per cent of the total money spent on sponsorship is in sports. Furthermore, 63 per cent of the sponsorship in Germany 2006 host is in sports and 80 per cent in South Africa 2010 host. With this value of sport sponsorship, it is evident that hosting a World Cup will strongly impact on global economy. The 1994 World Cup in the United States was hosted in a number of |N KMKQEF WNENKIÂ…F QF RIF Q„KjKIƒF INEKF RUF EJKF LQHjƒF EJKMKF GHIF HF EREHjF KWRQRzNWF `MRLEF RUF Â•Â’ĂˆF zNjjNRQF dollars that went directly into the metropolitan economy. To help one K™KMF VQ|KMIEHQ|F EJNIF L„VMKƒF NQF comparison of that same year, the Super Bowl only accounted for 182 zNjjNRQF |RjjHMIÂ…F JKIKF L„VMKIF GKMKF calculated over just a one-month period in which these games took place. Just in California, reports from the

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Pasadena Convention and Visitor’s Bureau conclude that 1,700 parttime jobs became available during the preparation and duration of the event New York, San Francisco, and Boston received combined revenue RUF RQKF NjjNRQF HQ|F URME{¿LXKF zNjjNRQF dollars. The overall increase on hotels and food and beverages was 10 and 15 per cent from the previous year. This money, spent on hotels and restaurants helps the entire U.S. economy in that many of these hotels and restaurants are chains and corporations. Hence, the money made is spread throughout the corporation and it was found to be used for the opening of new facilities and expansions of the corporation. In addition to the direct impacts of the 1994 World Cup, there are many indirect impacts as well. In order to host the Cup the USA had to develop a national soccer league.

the US engendered one of the fastest growing youth sports in the country. RVEJFIRWWKMFERR~FR FHQ|FEJKFIKjjNQ„F of apparel and gear for the sport was a target for private businesses to focus on selling. However, a critic has argued that the event cost the U.S. $5.6 billion. In the 2002 World Cup, several other advantages were discovered when the host was split between Japan and RMKHÂ…F JNIF GHIF EJKF LMIEF ENzKF EJKF tournament had been hosted in two countries, with thirty two matches being played in each country with a grand total of sixty four matches With the three million live spectators ticket sales were an astronomical 1.2 billion dollars. FIFA alone promised each country 110 million for hosting and all revenue from their ticket sales. Also, each country expanded their 20 soccer facilities with an investment of 4.7 billion dollars to prepare for this global event. This gave birth to another realization of hosting this event. A host country in the world cup feels this sense of pride and national exposure with so zHQ{F`KR`jKFXNKGNQ„FHQ|FH™KQ|NQ„F the event. Many times they feel it can show the world their economic This necessity quickly led to the success and the progress they have URMzHENRQF RUF EJKF F RMF H¢RMF made in bracing the global sport of KH„VKF RWWKMF NQF ”  Â•Â…F JNIF WMKHEK|F soccer. an ongoing economic factor for the It was predicted prior to the 2002 United States. This opened doors for Cup that the England team’s absence new facilities to be built, sponsorship would cost the economy 4.7 billion of new teams, and the revenue of in lost output or about .3per cent of the ticket sales. The indirect impacts their GDP (Gross Domestic Product) didn’t stop there either; the newly Continued on Page 58 introduced professional league in

Currency

Exchange rates as at 30/07/2014 Buying (N) Central (N)

US DOLLAR POUNDS STERLING EURO SWISS FRANC YEN CFA WAUA YUAN/RENMINBI RIYAL DANISH KRONA SDR

154.73 259.3739 210.8351 172.6897 1.5078 0.3029 237.4435 24.7504 41.2547 28.2447 238.2533

BUSINESS INTERVIEW

BUSINESS NEWS

Economicgrowth:Youth Statoil profit drops 12% in second quarter should embrace entrepreneurial skill Pg. 59

155.23 260.212 211.5164 173.2478 1.5127 0.3129 238.2108 24.8308 41.388 28.3359 239.0232

Selling (N) 155.73 261.0502 212.1977 173.8058 1.5175 0.3229 238.9781 24.9112 41.5214 28.4272 239.7931

MONEY/CAPITAL MARKET

Mobile coupon users to surpass 1bn by 2019 –Research Pg. 61

Pg.60

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SUNDAY NEWSWATCH, AUGUST 3, 2014

BUSINESS COVER

Soccer: Turning pleasure into fortunes Continued from Page 73 if they were to win the entire tournament. If the England EKHzF jRIKIF NQF ¢VIEF EJKF LMIEF two weeks however, the losses are only expected to reach a total of 1.8 billion A broader scope of Europe suggests that the top ten other soccer enthusiasts may contribute a loss of 8.1 billion of economic output or .3per cent to .75per cent of second quarter GDP. This NIF`MRXKQFzRMKFIN QNLWHQEFNQF that of the thirty two nations participating, those nations account for 84per cent of the global GDP The 2006 World Cup was judged a success comparable to that of the 1994 US World Cup.] The German government reported that tourism revenue over the month of the World Cup was up roughly 400 million dollars. They made about 3 billion more dollars in retail such as jerseys and other paraphernalia regarding the Cup. Lastly, a reported 500,000 new jobs were yielded in preparation for the tournament. This impact sends ripples through an economy. Restaurants and bars were full to capacity at all hours of the tournament, and 15 million more spectators arrived in Germany than was expected. JNIFIVWWKIIF|MKGFH KQENRQF to the German professional league, the Bundesliga As a result; sales of tickets and team paraphernalia increased dramatically. Many global corporations witnessed the craze in Germany during the world cup and in recognizing the countries passion for the sport they have begun to sponsor many more German teams than prior to 2006. The global viewing of Bundesliga games has increased as well, helping these sponsors and German telecasters the `MRLEIF EJK{F GKMKF K£`KWENQ F The 2006 World Cup had an operating budget for staging the event, not inclusive of capital infrastructure costs of €430 million. The German Football Association HQQRVQWK|F HF `MRLEF KURMKF EH£F RUF å ÈÁF zNjjNRQ F KMF tax and repaying the FIFA contribution of €40.8 zNjjNRQF ¿F EJKF QKEF `MRLEF GHIF €56.6 million which was distributed to the German Football Association (DFB) and the German Football League (DFL). For Germany 2006 that the host country was entitled to the gross receipts of all ticket sales. In October 2007 FIFA announced: “FIFA has reassumed responsibility for ticket sales and will establish a company named ‘2010 FIFA World Cup Ticketing

-world-cup opening

Ltd’ to this end.” The 2010 FIFA World Cup was held in South UMNWH F URMF EJKF LMIEF ENzKF NQF the tournament’s history. Even though it may not JHXKF H MHWEF HIF zHQ{F URMKN QF visitors as the USA and Germany World Cups, it did JHXKFHQFKWRQRzNWF KQKLEF|VKF to the location and already emerging economy. The economic impact of the 2010 FIFA World Cup on South Africa have to take into account the present state of the South African economy, which still has one of the largest disparities between the rich and the poor One main factor for South Africa NIF H MHWENQ F NQEKMQHENRQHjF investors. To increase the international trade and foreign direct investment, South Africa must have stability throughout their whole region in their economy and government. If this is achieved then South Africa could be in the top choices for foreign direct investment and collect the potential KQKLEIF RUF EJKF F F games. Because FIFA gathers HjjF RUF NEIF LQHQWKIF EJMRV JF marketing tournaments such as the World Cup, they aim to ensure the event’s success, and assist the hosting country accordingly. Since South Africa is still a developing country, FIFA have an important role in funding the tournament. Along with other developing countries that host megaevents, the investment of larger capital investment is required. The projected total direct economic value for GDP is approximately $21.3 billion. Also, 159,000 new jobs are predicted, including full- and part- time jobs, both permanent and temporary. The government also spent millions on upgrading stadiums and building a new international airport. The tournament hosted 32

FIFA set aside $70 million to distribute at a rate of $2,800 per player per day that each was on World Cup duty. The money is shared between each player’s current club and; any other; he played for in the two previous years during #%&'()*&+(34 matches

teams with an average of 50 people per team, 14,500 VIPs and dignitaries, 500 R§WNHjIF HQ|F Á F zK|NH F A projected number of half a million foreign visitors located outside of Africa are expected and staying an average of 15 days. On 2 December 2010, Russia and Qatar were awarded the 2018 and 2022 World Cups, respectively. The United States was a bidder for the 2018 and 2022 World Cups, although questions were being raised about the US bid and whether its economic impact on the US would in fact be as favorable as promised A new report argues that the US World Cup in 1994 lost billions of dollars despite a positive economic impact

estimate, noted that the same company is creating the estimate for the current bid, and predicts that a 2022 US World Cup could again lose billions of dollars in lost income How World Cup money is shared From the near $4.5 billion in revenue from broadcasters, sponsors, hospitality and licens¬ing deals, FIFA distributes just over $400 million to the 32 na¬tional federations taking part in the tournament. JKF GNQQKMF NQF EJKF LQHjF gets $35 million in prize money paid to its national federation, which can spend the money as it choos¬es. That’s $5 million more than the $30 million Spain took home from South Africa four years ago. The runner up gets $25 million (up from $24 mil¬lion in 2010), while the third- and fourth-place teams get $22 million and $20 million, respectively. FIFA lets national fed¬erations choose how to reward the 23 players on their squads. The German federation last year promised all 23 players a 300,000-euro ($408,000) bonus for win¬ning a fourth World Cup title. That is the equivalent of a few weeks’ basic wage for the German play¬ers that are employed by wealthy European clubs like Arsenal, Bayern Mu¬nich and Real Madrid. Prize money for the other 28 federations elimi¬nated KURMKF EJKF IKzNLQHjIF IEH{K|F at the same level as in 2010. VHMEKMLQHjNIEIF KEF ç ËF million, round of 16 losers get $9 million and those that failed to advance from the group get $8 million. In addition, FIFA paid $1.5 million in advance to each of the 32 federations to prepare for the tourna¬ment — an increase of $500,000 from the 2010 tournament. That should have helped pay

for training camps be¬fore HMMNXNQ F NQF MHÂNjF HQ|F IK jKF some players’ bonus issues that have tradition¬ally dogged World Cup teams, especially from Africa. As usual, problems over paying bonuses exposed EJKF LQHQWNHjF `MR jKzIF RUF African federations and a fundamental distrust many players have for elected URRE HjjF R§WNHjI F JMKKF RUF EJKF LXKF UMNWHQF EKHzIÏF Cameroon, Ghana and Nigeria; were distract¬ed by payment issues. Cameroon’s squad ar¬rived a day late H KMF MKèUVINQ F ERF RHM|F a plane, forcing their federation to take out a loan to ensure players got paid. JHQH IF RXKMQzKQEF KGF in $3 million in cash — H KMF Brazil’s govern¬ment waived laws on moving currency — to avert a threatened strike by players who were report¬edly promised between $75,000 and $100,000.Nigerian players can¬celed a training session before its round of 16 loss against France to ensure their bonus payments were upheld. They were prom¬ised $10,000 each for every group stage win, and could have earned $102,500 in total for winning the title.FIFA secretary general, Jerome Valcke, however said it was “sad” that bonus issues dis¬tracted from the football. He pledged that, in the future, FIFA will seek writ¬ten agreements from fed¬erations that players are contracted to receive their money before arriving in Russia in 2018. Clubs that released the 736 players taking part in the World Cup will also get their share of FIFA’s rev¬enues. FIFA set aside $70 million to distribute at a rate of $2,800 per player per day that each was on World Cup duty. The money is shared between each player’s current club and; any other; he played for in the two previous {KHMIF |VMNQ F ÊVHjNLWHENRQF matches. Nigerian players who participated in the latest tournament were paid 10,000 dollars as March bonus for marches they won while the team got 9 million dollars for reaching the second round. It is also on record that money was an issue for Nigerian players. This even led to the sacking of Alhaji Maigari from the head of the Nigerian Football Federation. On the other hand, apart from a few sponsorship by government and for RXKMQzKQEF R§WNHjIF and another by some big companies and banks the common man on the street JHXKF XKM{F jN jKF IJHMKF RUF EJKF FIFA largesse .Although some small businesses made a lot of money from viewing centers and the sale beer and pepper soup.

59

SUNDAY NEWSWATCH, AUGUST 3, 2014

BUSINESS NEWS Statoil profit drops 12% in second quarter

CIBN praises Central Bank new initiatives S

William Anaebonam

T

he Chartered Institute of Bankers of Nigeria (CIBN)has praised new initiatives and policies of the Central bank of Nigeria (CBN) geared towards furthering banking `MHWENWKIF HQ|F LQHQWNHjF I{IEKzF stability in the country. Debola Osibogun, president/ chairman of Council of the Institute, commended the CBN during the Institute’s presidential engagement GNEJF R|GNQF zKLKjKƒF„RXKMQRMFRUF the CBN, in Abuja, noting that the initiatives of the apex bank were comparable with what obtained in the developed economies, as the Nigerian banking industry GHIF K™KMF `RINENRQK|F ERF IV``RMEF businesses and the economy. Osibogun observed that the new Code of Conduct in the Nigerian banking industry approved by EJKF HQ~KMIF RzzN™KKF GHIF HQF important strategic initiative that would promote good banking practices and ethics, while

MKIERMNQ„F `V jNWF WRQL|KQWKF NQF EJKF system. She expressed satisfaction with the level of cooperation from banks’ chief executives as some of them had personally signed the Conduct Form and mandated their IEH FERF|RFEJKFIHzK… The CIBN boss stated that the objectives of the Code of Conduct include guiding every member of the Institute, both individual and corporate, in meeting obligations to customers and other stakeholders by maintaining and improving standard of service; performance and quality of banking products; ensuring that all bank employees conduct their duties fairly and honestly; maintaining best banking practice and strong commitment to sound ethical and professional standards in the banking industry, among others. She commended the CBN and the HQ~KMI€F RzzN™KKFURMF„NXNQ„FEJKF Institute the opportunity to partner them in the implementation of the

banking industry Competency MHzKGRM~ƒFHQ|FHIIVMK|F zKLKjKF of the Institute’s continued support to the bank and the industry. Similarly, she encouraged the apex bank to take every necessary measure within its mandate to reduce the interest rate as well as maintain exchange rate stability NQF RM|KMF ERF KQWRVMH„KF HQ|F H™MHWEF both local and foreign direct investments in the Nigerian economy. She noted that lower NQEKMKIEF HQ|F NQŽHENRQF MHEKIF GRVj|F further boost economic activities, which would ultimately lead to the creation of more jobs for the teaming unemployed youths and increase in the production of consumer goods and services. Osibogun, while congratulating zKLKjKF RQF JNIF H``RNQEzKQEƒF noted that his pedigree, wealth of experience and management skills, stood him out for the job, and assured him of the support of the Institute’s Governing Council and members. As a worthy honorary

senior member of the Institute, the CBN boss is expected to be guided always by ethics and professionalism in discharging JNIFMKI`RQIN NjNENKIFERFEJKFLQHQWNHjF sector and economy at large, she said. QFJNIFMKI`RQIKƒF zKLKjKFHIIVMK|F the Institute that the CBN under his leadership will strategically pursue a gradual reduction in key areas of interest rates as well as include the unemployment rate in the monetary policy decisions, adding that the exchange rate stability would be maintained and foreign exchange reserves shored up. He maintained that outsourcing the functions of bank supervision and examination may compromise EJKF IEH NjNE{F RUF EJKF LQHQWNHjF system, as the “CBN will continue to partner with the CIBN and other stakeholders in ensuring that the Competency Framework is `MHWENWHjFHQ|FMKHjNIENWFERFEJKF KQKLEF of the banking industry.�

L-R: Representative of the Director-General, Bureau of Public Procurement (BPP), Engr. Michael Chukwura; Director, Finance and Market Services, Dr. Chris Iwnagwu, and representative of the Minister of Works, Adebukola Layode, during BPP’s 2014 Contractors/Consultants and Service Providers Forum, at Lagos Airport Hotel, Ikeja, Lagos.

Bankers urged to focus on capacity development

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HQ~IFHQ|FREJKMFLQHQWNHjF institutions in Nigeria have been advised to `H{F„MKHEKMFH™KQENRQFERF capacity development in their organisations. This call was made by the Director, Centre for Research in Leadership and Ethics at the Pan-Atlantic University, Dr. Franca Ovadje, at the Chartered Institute of Bankers of Nigeria (CIBN), Lagos Branch 2014 ‘Bankers’ Nite’ held in Lagos at the weekend. She also warned bankers against staying later than the stipulated closing

hours at work. Speaking at the event tagged: “Human Capital: Value Creation and Capacity Building for Financial Service Sector in a Frontier Economy,� Ovadje pointed out that talented individuals are more productive, more NQQRXHENXKƒF IKMXKF WjNKQEIF K™KMF and have potential to lead the organisation in the future. She noted that if an organisation is H jKFERFLQ|FEHjKQEƒF|KXKjR`FHQ|F retain them, it will outdo its competitors in the market place in the long run. “An individual with a solid track record

of consistent performance, who has potential to lead the organisation in the future, hungry to learn and passionate about the company is a talent,â€? she stated. Speaking further, Ovadje pointed out some inhibitors of productivity to include line managers’ mindset, culture (lack of openness), work-life balance and restlessness. In her words, the only reason bankers stay later than the normal working hours NQFEJKNMFR§WKIFNIFKNEJKMF KWHVIKF they are running away from their homes or that something

is wrong. “Sometimes, you IKKF HQ~KMIF IENjjF NQF R§WKF NQF the late hours of the day. They will tell you they are working. What will a banker be doing in R§WKF UMRzF ĂĄHzF ERF ””`zĂŽF JNIF way, you will not be innovative and creative enough,â€? she added. Continuing, Ovadje also advised bankers to avoid cultural interference, saying it does not add value to their work. According to her, bankers HMKF `HN|F ERF GRM~F KEGKKQF ĂĄHzF and 5pm during the week. “When a banker spends two hours

tatoil, Norway’s biggest energy WRz`HQ{ƒFIHN|F`MRLEFUKjjF”’F`KMF cent in the second quarter as gas prices slid and output sank on maintenance and asset sales. Adjusted net income dropped to 9.9 billion kroner ($1.6 billion) from 11.3 billion kroner a year earlier, the Stavanger-based company said. Net income rose to 12 billion kroner from 4.3 billion kroner, while sales fell to 142.6 billion kroner from 147 billion kroner. These were “overall weak earnings,â€? Teodor Sveen Nilsen, an analyst at Swedbank First Securities, said in a note. “We continue to believe that the share is expensive, both on a relative and absolute basis.â€? Nilsen said he will probably maintain his advice to investors to reduce their holdings. State-controlled Statoil this year joined oil companies including Royal VEWJF JKjjF jWFNQFWV™NQ„FRMFIjRGNQ„F spending to counter rising costs and stagnant energy prices. Statoil said in February it would focus on improving shareholder returns at the expense of previous production-growth targets. “Our quarterly earnings were impacted by divestments, seasonal K KWEIF HQ|F jRGKMF „HIF `MNWKIÂƒĂ‡F JNKUF ÂŁKWVENXKF §WKMF Kj„KF VQ|F IHN|F in a statement. “We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014.â€? Output fell to 1.799 million barrels of oil equivalent a day in the second quarter from 1.967 million a year KHMjNKMƒF EMHNjNQ„F EJKF Â”Â…ĂĄĂˆÂ’F zNjjNRQF barrel average of 25 analyst estimates compiled by the company. Statoil, which has sold more than $5.5 billion of assets since October 2012, said in April that maintenance would reduce its production by 110,000 barrels of oil equivalent a day in the quarter. Earnings were hampered by impairment charges of 4.3 billion kroner on its U.S. onshore business, eroding a gain of 3.6 billion kroner from the sale of a stake in the Shah Deniz natural gas project in Ă‚KM HÂŻHQÂ… “The writedown is primarily due to the fact that we see lower prices for a longer period because it takes more time to build infrastructure in the U.S.,â€? Lund said in Oslo. “Prices in the short term are lower than we had expected.â€? The 67 percent state-owned `MR|VWKMF GNjjF `H{F HF |NXN|KQ|F RUF ”…åF krone a share for the second quarter. Lund said in April the dividend for the second and third quarters would zHEWJF EJKF ”…åF ~MRQKMF `H{RVEF URMF EJKF LMIEFĂŠVHMEKMÂ… Statoil got an average of $99.7 a barrel for oil in the quarter, up from $93.9 a year earlier. It maintained a capital expenditure target of about $20 billion for the three years to 2016. Exploration spending will be $3.5 billion in 2014, with about 50 wells planned. Statoil also kept its output-growth targets for the period through 2016. Statoil has cut about 1,000 jobs from IEH FHQ|FIV``RMEFIKMXNWKIƒF VQ|FIHN|Â…F The company plans to reduce its workforce by an additional 1,100 to 1,400 positions, he said. QFK§WNKQW{F`MR„MHzFIKEFNQFzRENRQF this year to help cut costs is starting to show results with gains of 15 percent in drilling operations, the CEO said.

60

SUNDAY NEWSWATCH, AUGUST 3, 2014

MONEY/CAPITAL MARKET

Mobile coupon users to surpass 1bn by 2019 –Research Friday Ekeoba

A

new report from Juniper Research has found that there will be 1.05 billion mobile coupon users by 2019, up from just under 560 million this year. The report – Mobile Coupons: Consumer Engagement, Loyalty & Redemption Strategies 2014-

2019 – claimed that the surge in user numbers would in large part be driven by increased retailer engagement with the various mobile channels. It stated that retailers were now integrating coupons into loyalty programmes to a far greater extent, while focusing on delivering coupons direct to consumers rather than relying on aggregator sites. The report also observed that mobile coupon deployments GKMKF KQKL™NQ„F UMRzF MKEHNjKMIF restructuring their businesses to MKŽKWEF EJKF GN|KMF EMHQINENRQF ERF EJKF utilisation of online engagement channels. It noted those businesses

are becoming more agile, more K§WNKQEF HQ|F H jKF ERF Nz`jKzKQEF change more rapidly than would have previously been the case. Meanwhile, the report argued that while the use of MMS for couponing was expected to cease, disruptive technologies such as NFC (Near Field Communications) and Beacon had the potential to boost in-store engagement in the medium term. According to report author Dr Windsor Holden, “While NFC has failed to achieve traction thus far, the emergence of a cloud-based secure element through HCE (Host Card Emulation) is likely to stimulate

greater integration into wallets. We believe that this in turn will provide the visibility that should encourage brands to run campaigns using the technology.� EJKMF LQ|NQ„IF UMRzF EJKF MK`RMEF include “Geotargeting has provided SMS-delivered coupons with a new lease of life, with retailers seeing high redemption rates from coupons pushed to consumers near their stores. Brands are increasingly leveraging the retail database to deliver targeted coupons. Lack of adequate POS redemption technology remains the key hurdle to greater deployment and adoption�, it added.

L-R: Manager, Regional Distribution, Lagos South, Etisalat Nigeria, Emmanuel Ilori; Head, Regional Sales (Lagos), Etisalat Nigeria, Olujinmi Tella, presenting the keys to a ?@QVX VYZ )[@X (\]^[@Y@ _[ _`Y ZqVVY@ [x _`Y 'qz_@q?{_q[V |Q@_VY@ Zq_` _`Y ?Yz_ [}Y@Q^^ ]Y@x[@~QV Y qV _`Y €Q [z ‚[{_` „Y q[V &`qYx (\Y {_q}Y Â…x† Y@ ‚YQ~QV ‡YV_{@Yz ˆq Y@qQ €q~q_YX (~Y‰Q $ ?QVQ@q QVX +YQX ‚Q^Yz QVX 'qz_@q?{_q[V (_qzQ^Q_ ˆq Y@qQ Â…^{ZQ_[zqV Â…^{^QVQ Q_ _`Y ]@qŠY ]@YzYV_Q_q[V Y@Y~[V‹ `Y^X Q_ (_qzQ^Q_ @Y q[VQ^ [x† Y ‚Q‰Q ÂŒqV{?{ ‡q _[@qQ ,z^QVX

FDI increase, essential to Nigeria’s development –Fashola

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or the domestic economy to H™HNQFNEIFXNINRQF’“ˆ’“’“ƒF N„KMNHF and other countries in Africa zVIEF H™MHWEF RMKN„QF NMKWEF Investment to bridge infrastructural gap and enhance economic development, Lagos State Governor, Mr. Babatunde Fashola, has said. Fashola, said that the continent needed $93bn annually to bridge its infrastructural gap, lamented that Africa could barely provide 50 per cent of the amount. According to agency report, Fashola called for an enduring working relationship between governments HQ|F LQHQWNHjF NQIENEVENRQIF NQF RM|KMF ERF develop economic index that would H™MHWEFIN„QNLWHQEF Â… Fashola made this remarks at the 2014 edition of the annual Lagos Bankers’ Nite organised by the Lagos State Branch of the Chartered Institute of Bankers of Nigeria. The governor, who was represented by the Commissioner for Finance, Mr. Ayo Gbeleyi, further noted that governments needed “creative LQHQWNHjFIRjVENRQIÇFERF`MRXN|KFQKK|K|F infrastructure. He said, “According to World Economic Forum annual report called the Global Competitiveness

Index, African countries rank very low among the world’s 140 countries that HMKFMHQ~K|FKXKM{F{KHM…F JKFLMIEFWRVQEM{F in Africa to make it to that list is South Africa. In its 2014 report, Nigeria is at 120 out of 140 countries in terms of our competitiveness. In 2013, we were ranked 117.� The governor also highlighted key issues holding Nigeria back in terms of

improving investment drive and ease of doing business. This included lack of skilled labour force; inability to raise long-term capital ERF LQHQWKF NQUMHIEMVWEVMKF `MR¢KWEI�F corruption; poor infrastructural development; and policy instability and bureaucracy. He stressed that the country must be safer as development only thrives in the

atmosphere of peace and security. The President and Chairman of Council, CIBN, Mrs. Debola Osibogun, observed that quality products and services could only be delivered by a competent and skilled labour force. She said the primary purpose of the event was to further encourage the labour force to adopt international best practices.

GTBank partners oil firm to increase GTExpress locations

G

uaranty Trust Bank plc has launched “GTExpress�; a comprehensive Agent Banking Service at Forte Oil locations QHENRQGN|KFHIF`HMEFRUFNEIFK RMEIFHEF MNQ„NQ„F banking services closer to its existing and potential customers. Through this partnership, GTBank will leverage the extensive reach of Forte Oil to further bring banking services such as Account Opening, Cash deposit and Withdrawal via ATMs, Customer Enquiries, Bills payment and Funds transfer closer to the people. The Bank has rolled out in 14 Forte Oil locations including Western Avenue, Surulere; Bank Road, Ikoyi; Local Airport Road, Ikeja; Festac; Olorunsogo, Mushin; Shomolu, Ikorodu Road, ApapaOshodi/ Mile 2 Expressway; Boundary Road Ajegunle; Campos Square Lagos

IjHQ|ƒF K HƒF VEK K™HĂ?F j|F `H`HF Road; Wharf Road and Kingsway Road, Apapa. GTBank formally launched this service in November 2013 at Ebeano Supermarket in Lekki, Lagos and has recorded tremendous success at this location since inception. Basic banking services and any other activity as the Central Bank of Nigeria may prescribe from time to time, can be carried out at these agent locations. GTExpress is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to the underserved and unbanked segments of the population in HFWRIEFK§WNKQEFzHQQKMFEJMRV„JFEJKFVIKFRUF non-banking retail outlets. According to the Managing Director of Guaranty Trust Bank plc; Segun Agbaje

“The unbanked sector of the economy `MKIKQEIF HF IN„QNLWHQEF „MRGEJF HMKHF for banks in emerging markets. Our R ¢KWENXKF NIF ERF R KMF HQ~NQ„F `MR|VWEIF and services to this segment via nonbanking outlets thus breaking down HMMNKMIF ERF LQHQWNHjF NQWjVINRQF IVWJF HIF accessibility and cost. This is a great step NQF HWJNKXNQ„F HF zRMKF NQWjVINXKF LQHQWNHjF services industryâ€?. Also commenting, Akin Akinfemiwa, MRV`F JNKUF ÂŁKWVENXKF §WKMƒF RMEKF NjF plc: “We are pleased with the GTBank partnership as it reinforces our vision of KNQ„FHFRQKFIER`FIJR`FGJNjIEFH§MzNQ„F the wide reach of our retail network. With this alliance our customers who patronize GTB Plc will be able to reduce WRzzVENQ„FENzKFHQ|FWRIEFNQFH™KQ|NQ„FERF their various needs.

Chinese slowdown could damage Sub-Saharan economies –IMF

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frica’s rising economic star is in danger of burning out from even a modest contraction in China’s economy as that country’s demand for natural resources decreases, warns the International Monetary Fund. ‚KMF HF zKEKRMNWF MNIKF URMF zRIEF RUF the past decade, China’s economic „MRGEJF MHEKF JHIF WRRjK|F R F ERF HF zR|KIEF ĂŒÂ…Ă‹F `KMWKQEF NQF EJKF LMIEF ĂŠVHMEKMF RUF EJNIF {KHMF HQ|F R§WNHjIF JHXKF EN„JEKQK|F LIWHjF `RjNW{ƒF GJNWJF could make investments abroad less appealing. The economies of many subSaharan countries are expected to rise, but their dependence on Chinese trade could be a stumbling block in the future, notes the IMF in its Regional Economic Outlook for Sub-Saharan Africa, which was released on Thursday. “Growth in the BRICs, notably China, has fuelled growth in subSaharan Africa through high commodity prices and investment NQÂŽRGIÂƒĂ‡F EJKF MK`RMEF MKH|IƒF H||NQ„F that “the rebalancing of China’s growth toward relatively more reliance on consumption and less on investment are likely to reduce demand and lower prices for commodities, especially for industrial inputs such as copper and iron ore.â€? Trade between China and Africa has increased 5.6 percent year over year to hit $201 billion in Â’Â“Â”ĂˆÂƒFHWWRM|NQ„FERFL„VMKIFMKjKHIK|F from the Chinese Ministry of Commerce, reported Xinhua. And on Wednesday executives from Standard Chartered Bank told JNQKIKF HQ|F UMNWHQF R§WNHjIF EJHEF they expect China-Africa trade volume to hit $280 billion by 2015. In 2012, exports to China accounted for 15 percent of all global exports from sub-Saharan Africa, up from just 2.6 percent in 2001, according to IMF data. By the end of last year there were more than 2,000 Chinese companies based in Africa, ranging in sector from agriculture to manufacturing, MKIRVMWKIFERFLQHQWKÂ…F But that depth of integration, with high levels of infrastructure and mining investment, could be a double-edged sword. “Too much of Africa’s recent prosperity depends on China’s own continued prosperity and rapid growth,â€? wrote Robert Rotberg, a senior fellow at the Center for International Governance, in an April 4 blog post. “If China goes, so goes Africa,â€? he added. That has some economists urging low-income, resource-rich countries to diversify and decrease their dependence on China, especially given a commodities market that has whipsawed over the last year. The IMF predicts that iron ore and coal prices will have the largest downward adjustment this year VEFWRWRHFHQ|FWR KKF`MNWKIFGNjjF KF zVWJFJN„JKMƒFGJNWJFIJRVj|F KQKLEF Cote d’Ivoire, Ghana, Rwanda and Uganda. “The greater exposure countries have to China today is the result of larger exports from sub-Saharan African countries to China, which has helped drive economic growth in the region, especially at a time when their exports to advanced economies were being hit by the slowdown,â€? said Drummond.

61

SUNDAY NEWSWATCH, AUGUST 3, 2014

BUSINESS INTERVIEW

Economic growth: Youths need to embrace entrepreneurial skill –Oloyede For the economic emancipation of the domestic economy, there is need for youths in the country to embrace entrepreneurial skill. &)*+/ 01+234*56 0/78+2 9/ Cutler Communications, an integrated marketing communications agency, Ms Laura Oloyede said this is the antidote for Nigeria growth and development just as she said women need to be focused. FRIDAY EKEOBA brings Excerpts:

W

. /$& "%' $ . + . & + education, how do you correct this perception that Œ $& `.".! ‹ &!! &% entrepreneurship is not feasible? That question is apt, let me use a case study of a foreign company, I can’t remember the name of the founder but he is the founder of a fast food. Many years ago, this guy wanted to go to school but he had no money and so he went to meet his rich uncle and told the uncle to give him money so he can go to school. But EJKFVQWjKFIHN|ƒF FGNjjF„NXKF{RVFzRQK{F VEFLMIEƒF tell me what you are passionate about. And he said, he wanted to go into fast food business. The uncle said, I will give you money to start EJHEF VINQKIIƒFEJKF`MRLEF{RVFMKHjNIKF{RVFGRVj|F use to educate yourself. Today we have their franchises all over the world. When people don’t have information they will perish. There are some people who are currently employed and they have money but you know IRzKEJNQ„ƒFEJK{FHMKFIN™NQ„F|RGQF KWHVIKFEJK{F are comfortable. For example, some people in the oil and gas NQ|VIEM{ƒF HQ~NQ„F HQ|F LQHQWKF HQ|F ƒF who have at least three million in their bank HWWRVQEIƒFHMKFIN™NQ„F|RGQF|RNQ„FQREJNQ„FHQ|F every month their nephews or cousins who have graduated since two or three years come to them and demand for money and they give them. Every time you deep your hand into your pocket to give money, you are not doing that person any good. Part of the enabling environment that government should serve should ideally be HWWKIIF ERF LQHQWKF VEF KWHVIKF NEF NIF HF `MRWKIIF that is not going to happen tomorrow, there are people that have the money, they should think of a business. Look at the bloggers of today, the make-up artists. Why are we all not IN™NQ„F |RGQF HQ|F IH{NQ„F GKF HMKF GHNENQ„F URMF LQHQWNHjFHWWKIIFUMRzFEJKF„RXKMQzKQE… If you have three million naira in your bank account, don’t give it to your cousin to spend but ask him what he wants to do with it and if its agriculture, let him go for a six month training to understudy that and come up with something. That is what the campaign is all about. Even if you don’t have money, you have cooperative in your organization, you can get a loan and then begin to channel and train that person you have put in charge of your business. We cannot all continue to sit

and be screaming there is no money. It cannot happen. How do you bring these ideas to the target group? That is why we are calling on private organisations to support. If we have companies who see or recognise the need to embrace this initiative and support us, we will be able to increase our awareness campaign. Do you know some people are jobless but they have access to money, they have money in their accounts, maybe from rich daddy or uncle and they are telling you, I don’t know what to do. That is what we need to push out there, push out information into the minds of people. Let uncles and aunties stop giving money to their relatives; empower them by IK™NQ„FV`F VINQKIIKI… What has given rise to the entrepreneurship campaign in recent times? People are not blind, times have changed and they have realised that it is either you put your house in order or your house is going to breakdown. Look at the CBN cash requirement ratio, last year it was reduced to 50 percent and this year 75 percent. I read in RQKFRUFEJKF|HNjNKIFEJHEF HQ~IFHMKFL|„KENQ„FHQ|F they are going to cut down cost of operation. RVIJRVj|F F F F K„NQF ERF |RF EJNQ„IF |N KMKQEj{F otherwise you will be swept away. What next for entrepreneurs? To those people who are entrepreneurs and they are using it, I commend them, I can not leave without information. Some entrepreneurs are where they are today because of mismanagement. My advice to exiting entrepreneurs is that they seek information on how to manage their businesses, they should cut down on spend, learn how to improve on customer service. You can not run your business today same way you did yesterday, don’t say you are not WRz`jNHQEF{RVFGNjjFIV KMƒFWRQENQVKFERFIEMNXKF and identify messages. " "ˆ "! - /$& . $ *" ' .0 communication? I am not looking at it that I must be here. I am actually looking at politics, that is what I see. I used to say to people that you may KF EHj~NQ„F ERF EJKF LMIEF UKzHjKF `MKIN|KQEF RUF Nigeria. Sometimes when I say it, I laugh at myself but I am very serious about it. I think that has been the drive. I remember when I used to be with American Tobacco, that was where I got grounded in marketing and I struggled to describe myself as a public relations practitioner. I would say that I was a solution provider. I identify solutions. I will be doing injustice if I put myself in a marketing box or in a PR box because I am a combination of both. Call me a strategist, I think I would be comfortable with that and I see myself growing passionately about the country and I think that is what has drawn me into where I am today and it is not a full stop. It is a journey. I must recognize my mentor, where I started from and EJHEF GHIF EJKF LMIEF taste that I had with public relations in 2004. What has been your challenges treading this path? There are challenges every where. I am

y a challenge g is peculiar. p It is not going to say he other. It’s jjust to identify y a function of the y be facing g or what y you are that what you may gp peculiar. It is not going through is nothing u, it is because of life. When because of you, pp y you look back and things like that happen, ple you p y are leading g and then look at the people jVENRQIƒF QREF URMF { {RVF ERF IH{F { F {RVF `MR KMF IRjVENRQIƒF EHNQFEJNQ„IFNQF`jHWKFLMIE…F RVF „ ` QKK|FERF„KEFWKMEHNQFEJNQ„IFNQF`jHWKFLMIE…F RVF wards solution. They y don’t must work towards metimes it takes y years to g get come easily. Sometimes y yyou will always y fall solution. Life is a jjourney, yourself up p and go, g as long as down but pick y d and p providing g solution. you are focused ssion for what you You have a passion -$ /$& .' " -$ .0‹ Œ " -$ /$& .' should drive passion for ut there? that woman out Focus! I hearr women question, asking the q “Can women have it ar such all,� when I hear terpret p things I interpret NEF |N KMKQEj{…F JKF question is, “What ll?� I can we have all?� king g started with talking cus, about focus, whether you are ry y in your tertiary education orr you are serving or a young employee, what ever you are in life, if you Karim Kar Ka arim im H Ha Haj Hajji aj a ji ji are focused that is what will push you to where you will be tomorrow. My en advice to women ed. is to stay focused. ve a Do you have itiative kind of initiative for women or a kind of product that is targeted at women like your new initiative called Promoting Entrepreneurial Education (PEE) We are passionate about PEE. It is about promoting entrepreneurial education. It cuts across gender, races, religion, social belief. It cuts across almost everything. We don’t want to streamline it and say it is a women initiative. It is a national call. Do we want to call the women at some point? It could be considered. It can happen but we are very careful about how we position this so that people out there do not feel it is a clarion call for women to stay focused and then you must promote entrepreneurial education. It is a national call because GKF JHXKF N|KQENLK|F issues and that is what I am talking about, problems would always happen. The problem with us in Nigeria today is that there are many problems and we are not going to have one solution to tackle everything. Part of the problems we have is unemployment among the youths. We all need to understand what it means to be an entrepreneur because that is why you are going to have the life span of a company outlive its founders. That is why you are going to have existing companies continue

We have not embraced entrepreneurial skill as a nation and we are piggy riding what the Coordinating Minister for the Economy, Dr. Okonjo Iweala, said about the pathway to sustainable economy in Nigeria being entrepreneurial skill

Oloyede

to grow and that is why you are going to have the opportunity to birth in your company. We have not embraced entrepreneurial skill as a nation and we are piggy riding what the Coordinating Minister for the Economy, Dr. Okonjo Iweala, said about the pathway to sustainable economy in Nigeria being entrepreneurial skill. It is not government’s responsibility but everybody’s responsibility to come together. Parents must teach their children at home, teachers must teach it at schools and companies must adopt it as well. RR~FHEFRVMFH™NEV|KFNQF N„KMNHƒFGKFIH{FNE€IF not my business, let me just go to work. You are killing that company. Who says your child cannot work in a company you’ve worked before. My father worked in Nigeria Tobacco for 30 years. What is it with us in Nigeria that we cannot embrace entrepreneurship education? That is what cutler communications has set out to address. The sad thing today is that we sit down and point at government that they must provide jobs. There are 40 million employable but unemployed Nigerians today. In the world, people say there are 107 billion people. In Africa alone, you have one billion, in Sub-Saharan Africa where you have about 17 countries, Nigeria being one of them, you have 800 million people. Out of the 800 million people, 500 million of them which is about 45 percent are under the age of 30. These are the youths we are talking about. When you look at 500 million people, 220 million of these youths are either jobless or they are not learned or they are still in school. Out of the 220, 40 million Nigerians are unemployed and we sit back pointing at the government that it should provide jobs. It is not government’s responsibility to provide jobs but enabling environment. These things take a while. It could be ten years.

62

SUNDAY NEWSWATCH, AUGUST 3, 2014

MOTORING

FRIDAY EKEOBA friday.ekeoba@mydailynewswatchng.com

Kia Soul updated for 2015

T

he Kia Soull was completely redesigned esigned g for the 2014 model year, and for 2015 015 the company will be making g a few minor upgrades to the compact ompact crossover. Despite the look-at-mee shape, p EJKF RVjFJHIFHjGH{IFH™Kz`EK|F Kz`EK| ` to make a statement about interior technology and features. For 2015 Kia GNjjF R KMF EJKF F ”F eService package, a free subscription telematics service which is available for 10 years/100,000 zNjKI…F FK KMXNWKIF is standard on the Exclaim model, but is an option on the two lower trim levels. Accessible from the owner’s smartphone once the eServices app is downloaded, most of the new features res are parental control-oriented: iented: Geo-fencing, Speed Alert, Curfew Alert, and Driving Score. Kia also has launched its own

App store, so a number of apps will be available for free download from iTunes or Google Play. That includes Pandora, i H e a r t

Radio, and Yelp, among others. A couple other items are new for 2015, including HQF HXHNjH jKF z KMF RjRMF

Package for the Exclaim trim level which comes paired with

Fathom Blue or Cloud White exterior colors. The option comes with Nappa leather seating surfaces and door armrest accents, while the wheels receive black inserts for a more distinctive look. Kia renewed the Soul for

another generation last year, bringing out a redesigned 2014 model that introduced a number of improvements over the LMIE¿„KQFzR|Kj…F JKF’“”ËF model saw the debut of gasoline direct injection engines, and Kia managed to squeeze a jN™jKF zRMKF ERMÊVKF RVEF of the 1.6-liter and the 2.0-liter engine. The 2015 model retains the two GDI engines, with the smaller of the two producing 130 hp, and the 2.0-liter producing 164 hp. As with the 2014 model year cars, torque output remains at 118 lb‚F URMF EJKF ”…•¿jNEKMF VQNEF HQ|F HEF ”à ”F j ¿‚F for the 2.0-liter unit. The 1.6-liter versions HMKF HXHNjH jKF GNEJF HF LXK¿ speed manual or a six-speed automatic transmission, while the 2.0-liter versions come exclusively with the six-speed auto.

Mercedes-Benz unveils new Vito

M

ercedes-Benz has launched its new N E R ƒF with the newlook platform sporting a variety of updates and enhancements. W h i l e the basic choice of two wheelbases, three lengths and three formats (van, crewcab and wagon) remains, EJKF QKGF NERF NIF ”Ë“zzF jRQ„KMF EJHQF NEIF predecessor thanks to an extended front IKWENRQF IHN|F ERF H RM|F HF JN„JKMF jKXKjF RUF protection for pedestrians in the event of a collision. The car recently launched at a gala premiere in Berlin, Germany saw model joining the rear-wheel-drive and Euro-spec HjjÂżGJKKjÂż|MNXKF zR|KjIF URMF EJKF LMIEF ENzKF INQWKFEJKFLMIEF„KQKMHENRQFNIFHFUMRQEÂżGJKKjÂż |MNXKF NERFGNEJFHFQKGF”…•¿jNEMKFURVMÂżW{jNQ|KMF turbo-diesel. Mercedes-Benz says the lighter frontwheel-drive layout delivers an extra 120kg of payload compared to the previous model

and 60kg more than the new rear-wheel-drive model, with a maximum payload of 1289kg for EJKF ĂˆÂ…Â“Ă ÂżERQQKF F XKMINRQÂ…F E€IF HjIRF EJKF LMIEFENzKFUMRQEÂżÂƒFMKHMÂżFHQ|FHjjÂżGJKKjÂż|MNXKF options have appeared together in this segment, says the maker. JKF KQEM{ÂżjKXKjF NERF ”“ F F GNjjF JNEF showrooms in Germany priced from â‚Ź17,990 ($A25,700); Mercedes-Benz says this undercuts the price of the previous KQEM{ÂżjKXKjF zR|KjF {F HF IN„QNLWHQEF Ă… VEF undisclosed) margin. The all-wheel-drive and rear-wheel-

drive models are powered by a revised version of the existing 2.15-litre fourcylinder turbo-diesel, with Mercedes-Benz R KMNQ„F EJMKKF `RGKMF MHENQ„IF URMF EJKF VQNEˆF ”““~ Ă ĂˆĂˆÂ“ zF URMF EJKF NERF 114 CDI, 120kW/380Nm for EJKF NERF””•F ƒFHQ|F 140kW/440Nm URMF EJKF NERF ”” F BlueTEC. The maker says the new NERF ””•F F BlueTEC delivers the performance of the previous •F zR|KjF âF QRGF dropped from the lineV`FâF VEFGNEJFEJKFUVKjFKWRQRz{FRUFEJKFURVMÂ…F KMWK|KIÂż KQĂ‚FIH{IFNE€IFHjIRFEJKFLMIEFKQ„NQKF in this class to meet Euro 6 emissions standards, which it does by employing a selective catalytic reduction system in addition to injecting AdBlue solution into EJKFKÂŁJHVIEF„HIFÂŽRGÂ…F REJFEKWJQRjR„NKIFHMKF already used extensively in the truck world. The 1-6-litre engine will be mated to a six-speed manual transmission while the 2.15-litre engine will be available in either a six-speed manual or a seven-speed torqueconverter auto.

Honda sports car assault begins 2016

H

onda plans to win back the hearts and minds of longIV KMNQ„F UHQIF GNEJF HF RQKÂżEGRF IVW~KMÂż`VQWJFI`RMEIFWHMFH™HW~ƒF spearheaded by an incendiary 370kW NSX and followed up with blown 206kW Civic Type-R.

However, neither model is expected to see the light of day until 2016, Honda Australia Director Stephen Collins has said. “I don’t think NSX will be here in 2015,� said Collins, “but hopefully not too far beyond that.� “The car is still in development,� said

Collins of the long wait, and it’s clear that

RQ|HFJHIFIRzKF~NQ~IFERFNMRQFRVEFH‚KMFNEIF latest prototype car was burned to cinders on the Nurburgring in late July. It will be powered by a mid-mounted •F|MNXNQ„FEJKFMKHMFGJKKjIFHV„zKQEK|F {F three electric motors, one for each front GJKKjƒFHQ|FEJKFEJNM|FERF RRIEFEJKF •FKQ„NQKƒF providing instant, rocket-like acceleration. MNWNQ„F NIF IENjjF ERF KF WRQLMzK|ƒF VEF EJKF new NSX will likely mirror its predecessor’s $250K-plus asking price. The next-generation Honda Civic Type-R, which the company says will be the world’s fastest front-drive hot hatch, will also arrive in 2016, says Collins. ž NzNQ„F NIF IENjjF ERF KF WRQLMzK|F HQ|F we’re certainly pushing to get it as soon as possible, but it’s doubtful to be 2015,â€? he said.

Bentley plots range expansion

B

entley has ambitions of adding up to two more new models to its line-up, in addition to the all-new FâFWR|KQHzK|F HjWRQFâFEJHE€IF due to go on sale in 2016. WWRM|NQ„FERFHFMK`RMEFNQF €IF VERWHMF magazine, the premium Brit brand is evaluating the business case for a twoseat sports car and a new luxo sedan conceived to slot in between the four-door RQENQKQEHjFHQ|F VjIHQQKFÂŽH„IJN`Â… The publication quotes Bentley WJHNMzHQFHQ|F F RjU„HQ„F ĂŹMJKNzKMF as saying the initial focus would be on whichever of these two vehicles stacked V`F HIF EJKF zRMKF `REKQENHjj{F `MRLEH jKF R KMNQ„… “My own preference would be to build EJKzF REJÂƒĂ‡FIHN|F ĂŹMJKNzKMƒFž`MRXN|NQ„FHF business case for each can be made.â€? According to Autocar, the proposed new sports car and sedan models have been factored into the latest R&D splurge that will see Bentley spending just under $1.5million between now and 2016. Most of this will be focused on its Crewe facility. The magazine goes on to report the design of the HjWRQF F JHIF KKQFIN„QK|FR ƒF VEF that it would have no resemblance to the ungainly EXP 9 F

concept that has been widely panned. ž JKF |KIN„QF NIF QRGF IN„QK|F R F for production,â€? design boss Luc Donckerwolke was quoted as saying. “The concept is completely set apart and GHIF|RQKFIK`HMHEKj{Â…F ‚KMF KQKXHF’“”’ƒF F was told to do a new one. It’s completely |N KMKQEFERFEJKFWRQWK`EFWHM…Ç Propulsion will reportedly come from a redesigned 6.0-litre twin-turbo W12 engine that slashes fuel consumption and emissions. In addition, there will be a plug-in hybrid version that will be capable RUFWRXKMNQ„Fà “~zFRQF H™KM{F`RGKMFHjRQKÂ… jIRFRQFR KMFGNjjF KFHFĂ‹Â…Â’ÂżjNEMKF ĂĄFEVM RÂż |NKIKjƒF GJNWJF GRVj|F zH~KF EJKF F EJKF LMIEFRNjÂż VMQNQ„F KQEjK{FERF|HEKÂ…

RGKXKMƒF VQjN~KF EJKF R ÂżMRH|ÂżWH`H jKF HQ„KF RXKMƒFEJKF KQEjK{F FJHIF KKQF conceived as an urban-friendly wagon with sharp dynamics and a plush ride.

63

SUNDAY NEWSWATCH, AUGUST 3, 2014

PERSONAL FINANCE WEALTH

How to make your money last through retirement

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Be prepared to make tweaks each year. Whatever way you determine is best for your )4&4*(&' 9%+%:< =< >%:< +3 93''3@ %H on your progress each year so that you can see where you stand

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The need for contingency planning Chidozie Christian Okoko

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IEHQ|HM|F V|„KEÂ…F UF {RVF HMKF HjMKH|{F JHXNQ„F RQKĂ­WRQENQ„KQW{F `jHQĂŽF URMF {RVMF UHzNj{ƒF KQIVMKF NEF NIF HIK|FRQF{RVMFWVMMKQEFjKXKjFRUF NQWRzKF HQ|F E{`NWHjj{F zRQEJj{F KÂŁ`KQIKIF NQWjV|NQ„F LÂŁK|F WRIEIF IVWJF HIĂ?F MKQEF RMF zRME„H„KƒF HQ|F XHMNH jKF WRIEIF IVWJF HIĂ?F KQEKMEHNQzKQEIƒF URR|ƒF „N‚IF HQ|F MKWMKHENRQIÂ…F JNIF NIF KWHVIKF KÂŁ`KQIKIF QKK|F ERF KF WRXKMK|F {F NQWRzKFGNEJFIRzKEJNQ„FjK‚FRXKMF URMFIHXNQ„IÂ… RQIKĂŠVKQEj{ƒF EJKF IWMN`EVMKF KQWRVMH„KIF VIF ERF `jHQF URMF EJKF VQKÂŁ`KWEK|FHQ|FKĂŠVHEKF`jHQQNQ„F GNEJF KNQ„FGNIKÂ…Fž RFERFEJKFHQEƒF F IjV„„HM|ƒF R IKMXKF JKMF GH{IF HQ|F KF GNIKƒF GJNWJF JHXNQ„F QRF WJNKUƒF R§WKMFRMFMVjKMƒF`MK`HMKIFJKMFURR|F NQF EJKF IVzzKMF HQ|F „HEJKMIF JKMF `MRXNINRQF NQF EJKF JHMXKIEÇF Ă… MRXF •ˆ•ƒFåÆ IF {RVF WHQF IKKƒF WRQENQ„KQW{F `jHQQNQ„FNIFQREF¢VIEFH RVEFzH¢RMF |NIHIEKMIF IVWJF HIF LMKƒF ÂŽRR|ƒF ERMQH|RKIƒF LQHQWNHjF zNIJH`IF KEWƒFNEFNIFHjIRFH RVEF`MK`HMNQ„FURMF KXKQEIF IVWJF HIF EJKF jRIIF RUF |HEHƒF `KR`jKƒFWVIERzKMIƒFIV``jNKMIFHQ|F REJKMF|NIMV`ENXKFVQ~QRGQIÂ…F JHEF NIFGJ{ƒFNEFNIFNz`RMEHQEFERFzH~KFNEFHF QRMzHjF`HMEFRUFEJKFGH{F{RVFHQ|F {RVMF VINQKIIÂ…F Courtesy: Chidozie Christian Okoko is co-author of the book, Financial Tutorial: First Aid Treatment to Money Problems. Contacts: 08069734699, chidochrisozonegold@ yahoo.com.

& WISDOM

with Lanre ‘Inspirati’ Oyetade 08039428648 (SMS only) lanre.oyetade@mydailynewswatchng.com

!"# $%& ' " (%& ") % $' —Dante

Teaching your children about money

T

he world dedicates a day to the celebration of its children. Children’s Day is observed all over the world, and so I have decided here to give some thought to the all-important subject of feeding these wards of ours (my people call them ‘the little glories’) with the requisite knowledge on sound personal which have proven effective over time. Our kid, our future It is this important because our children are indeed our future, our legacy and our enduring prints in the sands of time, and only through them can we hope to continue our lineage. And it is not nearly enough to hand over wealth to them; it behoves us to teach them how to maintain and multiply such wealth. The Good Book rightly tells us that a good man leaves an inheritance to his children’s children. I daresay that such inheritance should not only be of a material nature but also of a mental one; we must bequeath them with a healthy overall wealth mentality! Our prerogative, our obligation No school anywhere in the world gives this kind of knowledge; it is entirely left to us parents and guardians. Think about this – the fact that you are rich or comfortably well off is no assurance that your children will be after you. How many rich people’s children can you point to as being rich themselves, very few! Why? Probably because the rich parents had failed to realise that it is indeed up to them to teach their children on the nitty-gritty of wealth creation, wealth multiplication and wealth preservation Not too soon And it is almost never too early to teach these children on these principles because children have been known to grasp even the most complicated of matters at ages much younger than their parents would suspect. one day, he became ‘bold’ enough to speak forth the word. So start exposing your children to knowledge on sound personal to learn for that matter, at their early ages. In my opinion, you should start exposing your kinds to the subject of personal My experience I did this by giving my children some access to my library, and I was quite pleasantly surprised at how soon my daughters

banks for them to allow them start a saving soon after reading George Classons’ ‘The Richest Man in Babylon’. What follows are a few pointers on how I believe you can start teaching your children on this matter early in life: Allow them to waste neither time nor money -Inculcate early in them the habit of savings. You may buy them piggy banks at very early ages and open bank savings accounts for them as soon as they are permitted to; some banks have good savings schemes for minors. " presence, as they will always learn more from what they see you do than what they hear you say. It has been shown that people learn 90 per cent through sight and only nine per cent through hearing while only one per cent is leant through the other three senses. Indeed, our children follow our examples than they do our advice. - Educate them about the emerging Nigerian stock market early and start buying them shares in your name while you they are still infants, but transfer same to them as soon as the law permits it. Some prudent parents even commit gifts meant for their kids such as those from their naming ceremonies and birthdays to buying shares and other assets for the kids. - Make them contribute to the family income no matter how marginally so, as soon as they are able to e.g. through taking up vacation jobs during their long breaks or assisting in minor chores in the family business if it owns one. - Attach gifts for them to chores performed and successes achieved to instil in them a sense of responsibility and achievement. - Above all, teach them that God’s kobo is better than Satan’s naira.

64

SUNDAY NEWSWATCH, AUGUST 3, 2014

GLOBAL BUSINESS

Tough pricing, slower emerging markets hit Unilever William Anaebonam with agency report

U

nilever missed second-quarter sales expectations, citing a slowdown in emerging markets and declining prices in developed ones. The Anglo-Dutch maker of Ben & Jerry’s ice cream, Dove soap and Lipton tea said underlying sales - which exclude the impact

of foreign exchange, acquisitions and disposals - rose 3.8 per cent, below analysts’ expectations of 4.3 per cent. “Overall there’s a slowdown in INH ÇF JNKUF NQHQWNHjF §WKMF KHQ¿ Marc Huet told Reuters, citing China and Vietnam in particular. ¾ VIINHFJHIF KKQF|N§WVjE F{RVFWHQF imagine why.” RMFEJKFLMIEFJHjUFRUFEJKF{KHM FWRMKF earnings per share rose 2 per cent to 0.78 euros, handily beating analysts’ estimates for a 2.6 per cent decline. But sales volume, measuring the amount of products sold, rose only 1.9 per cent against the 2.4

percent gain forecast by analysts HQ|F F`KMWKQEFNQFEJKFLMIEFÊVHMEKM “The absence of quarteron-quarter acceleration is disappointing,” said RBC Capital Markets analyst James Edwardes Jones, especially since a later HIEKMFJRjN|H{FIJRVj|FJHXKFjN K|F sales in the second quarter at the K£`KQIKFRUFEJKFLMIE Pricing also rose 1.9 percent - slightly ahead of analysts’ expectations - but in developed markets it fell 1.4 percent owing to intense competition from rivals and weak consumer spending in North America and northern Europe.

In emerging markets, pricing rose 4.4 percent, as Unilever H MKIINXKj{F EMNKIF ERF R IKEF EJKF `MRLE¿IH``NQ FK KWEIFRUFWVMMKQW{F devaluations and commodity NQ HENRQ F JKF WRz`HQ{F K£`KWEIF foreign exchange rates to shave 5 to 6 percentage points of growth from its full-year sales. Huet said the global markets in which Unilever operates are now growing at about 2.5 percent, Huet said, down from about 3 percent at the start of the year. Still, Unilever expects to outperform its markets, he added.

L-R: Group Head, Coral Banking, Heritage Bank, George Oko-Oboh; Executive Secretary/CEO, National Health Insurance Scheme (NHIS), Dr. Femi Thomas, and Executive Director, Heritage Bank, Niyi Adeseun, during the launch of the NHIS Mobile Health Insurance Scheme in Lagos.

Russian trade minister says effect of sanctions on economy ‘peanuts’

R

VIINHQF R§WNHjIF MKWKQEj{F lined up to dismiss the economic impact of Western sanctions imposed for Moscow’s role in the Ukraine crisis, saying they were “peanuts” compared to what their country had to face during Soviet times. QFHFIJRGFRUFVQNE{FHF|H{FH KMFHQF ally of President Vladimir Putin warned that Russia’s anti-Western rhetoric could derail the economy, ministers said growth had not been dampened by the sanctions which include measures against some major companies. The economy is on the brink of a recession as a result of the sanctions and a broader risk aversion towards emerging markets that have sent equities and the ruble tumbling and spurred nearly $75 billion in capital N JEFIRFUHMFEJNIF{KHM “The sanctions in their current format don’t have a macroeconomic K KWE ÇF Q|MKNF KjRVIRX F EJKF Kremlin’s top economic adviser, told journalists. “My assessment is that we’re in the vicinity of 1 percent (gross domestic product growth) and will stay there until the end of the year.”

Trade Minister Denis Manturov said the measures by the West could not drive Russia into the isolation of Soviet times. “What sanctions? A holy place is never empty: if one market closes, another opens,” he told journalists. “What’s happening today is peanuts compared to what was then.” JKF WRzzKQEIF WHzKF H KMF jK£KNF Kudrin, a long-time friend of Putin, criticized the government’s policies and the growing conservatism around the Kremlin — rare criticism NQFHFWRVQEM{FGJKMKFR§WNHjIFVIVHjj{F speak with one voice. F URMzKMF LQHQWKF zNQNIEKM F Kudrin quit in 2011 in protest at a government proposal to raise military spending, but Putin still summons him to the Kremlin to discuss economic issues. Saying Moscow should not intervene in eastern Ukraine, he estimated that sanctions so far had cost Russia about 1 percent in GDP growth. More measures would be more painful and felt by businesses and ordinary Russian alike, he said. “The impact will be as follows: the deterioration in GDP growth by a few points for a few years, the

decline in real income and lower wages,” Kudrin told state news agency ITAR-Tass. Belousov’s 1 percent growth forecast for the year is much higher than the 0.2 percent estimates by the International Monetary Fund and that of many economists working in Russia. Sergei Guriev, an economist who K|F VIINHFjHIEF{KHMFH KMFWMNENWNÂNQ F the Kremlin, said Belousov’s assessments were unrealistic. “Kudrin is right,” he said. In Washington, a senior U.S. R§WNHjF GKjWRzK|F V|MNQ IF WMNENÊVKF as a sign of “discomfort” in some quarters over Putin’s policy and the impact of Western sanctions. ¾ E IF `MK {F K£EMHRM|NQHM{F ERF JHXKF VIINHQF L VMKIF WRzNQ F RVEF HQ|F questioning the course of action,” EJKF R§WNHjF IHN| F ¾ E IF EJHEF ~NQ|F RUF questioning that we want to make clear to the Russian leadership they have to address.” The zero GDP growth seen in the second quarter followed a decline in EJKFLMIEFEJMKKFzRQEJIFRUFEJKF{KHM FJVMEF by plunging investment by Russian LMzIFGJKMKFRGQKMIFHMKFNQWMKHINQ j{F worried about the future and access

to foreign funding. Many have been worried to speak out against the Kremlin, fearing they may have to follow Guriev or meet the fate of Mikhail Khodorkovsky, once Russia’s richest man who was imprisoned for nearly 10 years for speaking out against Putin. The oligarchs and the super-rich who constitute no more than 2 per cent of the population but control a vast share of the country’s economy have remained silent. “Yes, they are very worried,” said a Russian economist who asked not ERF KFN|KQENLK| Kudrin, who helped the state to amass more than $160 billion in two funds that now serve as a WRQENQ KQW{F `jHQF URMF HF LQHQWNHjF crisis, has always been allowed to say more than most. He has known Putin for decades and has been a close ally since both worked for the local government in St Petersburg. “He is a friend of Putin and there is an understanding that as long as he is within certain limits he can publicly criticize the government, although probably not the president,” the economist said.

Ford profit beats expectations, sets record for North America

F

ord Motor Co’s (F.N) operating earnings for the second quarter beat Wall EMKKEFK£`KWEHENRQIFHIF K KM¿EJHQ¿ K£`KWEK|F`MRLEFNQF RMEJF zKMNWHF and Europe countered weaker MKIVjEIF NQF INHF HWNLWF HQ|F RVEJF America, Reuters Reports. RM| IF JNKUF NQHQWNHjF §WKMF Bob Shanks said lower costs helped boost the company’s pretax `MRLEFNQF RMEJF zKMNWHFERFHFMKWRM|F $2.44 billion (1.43 billion pounds). Nine analysts surveyed by Reuters K£`KWEK|F HF `MKEH£F `MRLEF RUF ç ËF billion. Costs in the second half of the year are expected to rise as the company introduces more products, including the most important vehicle in its portfolio, the F-150 pick-up truck. The company’s operating margin in North America improved to 11.6 percent, from 10.6 percent a year ago. RM|F H§MzK|F NEIF UVjj¿{KHMF VN|HQWKF URMF HF `MKEH£F `MRLEF RUF between $7 billion and $8 billion. The company’s outlook for South America was downgraded to a greater loss than previously expected. It now anticipates breaking even or taking a loss in the second half of the year. For the quarter, South America showed a loss of $295 million, against a loss of $182 million expected by nine analysts surveyed by Reuters. JKF INH¿ HWNLWF MK NRQ IF R`KMHENQ F `MRLEF RUF ç Á F zNjjNRQF was less than the $260 million expected, on average, by analysts surveyed by Reuters. Shanks IHN|F zRIEF RUF EJHEF `MRLEF WHzKF from China, but he didn’t give a breakdown. Ford’s market share in China, the world’s biggest car market, rose to a record 4.6 percent. MRLEFNQF VMR`K FEJKFLMIEFURMFEJKF company in the region in three years, “clearly shows that the transformation plan is working,” said Shanks of Ford’s restructuring K RMEIF EJHEF JHXKF NQWjV|K|F EJKF closing of a plant in Belgium. One-time items in the quarter included an accounting charge of $329 million because of poorerEJHQ¿K£`KWEK|FWHIJF RGFNQF VIINH F where Ford’s has a joint venture with Russian carmaker Sollers. The quarter was Ford’s last one under the leadership of Alan Mulally, who retired as chief K£KWVENXKF R§WKM F zH~NQ F GH{F URMF current CEO Mark Fields. Excluding one-time items, Ford KHMQK|F HF `MRLEF RUF ç F NjjNRQ F RMF 40 cents per share, which topped the 36-cent-per-share forecast by analysts surveyed by Thomson Reuters I/B/E/S. Net income in the quarter was $1.3 billion, or 32 cents per share, up from $1.23 billion, or 30 cents per share, a year earlier. Quarterly revenue of $37.4 billion compared with $37.9 billion a year ago. The F-150 will begin production at Ford’s Dearborn truck plant in October, and at its Kansas City, Missouri plant early next year.

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