THURSDAY 2ND JANUARY 2025

Tinubu to Governors: Go and Drive Development at the Local Governments Says their leadership central to achieving nation’s economic prosperity Commends THISDAY for making him man of the year despite past doubt It’s significant endorsement by a critical paper, declares Abdulrasaq Deji Elumoye in Abuja President Bola Tinubu, yesterday,

stylishly washed his hands off the lingering local government controversy, when he expressly

told the governors to go and drive development in the third tier of government.

This, he noted, was because the governors were critical todriving Nigeria's development, growth and

economicprosperity.

Tinubu, who said this during a meeting with Vice President Kashim

Shettima and governors in Lagos, Continued on page 33

Thursday 02 January, 2025 Vol 29. No 10861. Price: N400

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Ngozi Okonjo-Iweala is THISDAY Woman of theYear Dangote, Adenuga, Ovia, Oramah, Kyari, Farotimi, Rabiu, Imoukhuede, Agbaje, Indimi, Bero, Obaro emerge Titans Unveils other categories of nominees WOMAN OF THE YEAR

WINNERS OF TITANS OF THE YEAR….

Aliko Dangote - For Dangote

Benedict Oramah - Financing

Dele Farotimi - The trial and

Mele Kyari- Restoring the refineries

Demola Bero - Creating a National

Mohammed Indimi - Ramping up

Mike Adenuga- Ramping up oil

Aig Aigboje Imuokhuede-

Jim Ovia - Banking beyond Nigeria

Segun Agbaje- Driving shareholder

Samad Ishaku Rabiu- Investing

Tanimola Obaro - Advancing

Refineries & Petrochemicals

Oil Major

Nigeria at a critical time

oil production

criminalisation of free speech

production

Banking beyond Nigeria

Ngozi Okonjo-Iweala Our Correspondents In recognition of her exceptional leadership and strategic vision for the future of the World Trade Organisation (WTO) which saw her reappointment for a second term, the Director General of the

global trade body, Dr. OkonjoIweala has been nominated as THISDAY Woman of the Year.

Likewise, the Chairman of the Dangote Group, Alhaji Aliko Dangote; the Chairman of Globacom, Chief Mike Adenuga; founder of Continued on page 6

value

across Nigeria

payment systems

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THURSDAY JANUARY 2, 2025 • T H I S D A Y

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THURSDAY JANUARY 2, 2025 • T H I S D A Y

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T H I S D AY • THURSDAY, JANUARY 02, 2025

NEWS

Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0807 401 0580

2025 ANGLICAN COMMUNION NEW YEAR SERVICE...

L-R: Provost, Cathedral Church of Christ, Anglican Communion, Marina, The Very Revd. Adebola Ojofeitimi; Registrar, Olusegun Ajayi; Bishop of Lagos, The Rt. Rev'd. Dr. Senasu Gabriel Okupevi; His Wife, Roseline Modupe Okupevi; Deputy Chancellor, Olumide Sofowora; and Legal Secretary of the church, Mrs. Tope Toluti-Ohiwerei, at the 2025 New Year Church Service of Cathedral Church of PHOTO: KOLAWOLE ALLI. Christ, Anglican Communion, Marina, Lagos...yesterday

First Lady: Tinubu Pursuing Reforms to Unlock Nation's Economic Potential Optimistic 2025'll be year of prosperity, abundance Unveils first baby of the year, presents birth certificates to newborns

Deji Elumoye in Abuja

Wife of the President, Senator Oluremi Tinubu yesterday, declared that the government of President Bola Tinubu was currently pursuing serious economic reforms aimed at unlocking Nigeria's economic potential.

The First Lady in a New Year message personally signed by her also assured Nigerians that 2025 would be a year of prosperity and abundance for the citizenry.

Mrs. Tinubu, in the message stated, inter alia: "I express my heartfelt gratitude to God Almighty, with great hope, and an assurance in the promises for our great nation.

"As we journey through 2025, let us rise above our differences and rebuild the bridges that connect us—bridges of love, respect, and understanding.

“It is a year to invest in one another; to nurture our youth and protect the dignity of our elders; to create a country where every Nigerian can thrive, regardless of where they are born, what they believe, or what language they speak.

"I assure you all that the administration of President Bola Tinubu is truly committed to and is already undertaking deepening reforms that will unlock our nation’s economic potential.

"Let us stand together, lifting each other up, and ensuring no one is left behind.

"Together, we can build the Nigeria we all desire. Together, we will. Happy New Year, Nigeria.

"God bless the Federal Republic of Nigeria."

Also yesterday, the First Lady welcomed Abuja's first baby of

2025 at the Asokoro District Hospital.

Favour Stephen Odion - a baby girl - was born to the family of Mr. Odion Oyinbo and Mrs. Chioma Odion at exactly 12:27am yesterday, weighing 3.6kg.

Mrs. Tinubu also received other babies born in the hospital, including the first baby boy of the year 2025, Zimchikachim Ejiofor, born to the family of Mr. Ejiofor Nworie and Mrs. Delight Nworie at about 7:14am on Wednesday, weighing 3kg.

She welcomed Favour and all the other children born on New Year's Day in the FCT with baby gifts, including post-natal care products and other nutritional supplies, as well as cash presents.

The First Lady who was represented by the wife of the Vice President, Hajiya Nana Shettima, prayed for God to protect the children, wishing them long life, good health, and prosperity.

She said, "I am here to represent the mother of the nation to welcome the first baby of the year and other children. So, I'm presenting this token and a beautiful package to our dear daughter.

“I want to wish her well - long life, prosperity, good health. Insha Allah, they (first baby and other babies) are the next generation to take over from us. I wish you all the best. Please take good care of her."

While congratulating and comforting the mothers of the newborn babies, she counseled them on the need for proper care for the babies in respect of exclusive breastfeeding, immunisation, and timely post-natal care, saying, "Good enough, this (Asokoro General Hospital) is closer to my house; I'm sure for the post-natal, they're going to take good care of you."

Mrs. Shettima further presented birth certificates to the first baby of the year and the first baby boy just as she moved around the maternity ward congratulating other new babies in the hospital.

Earlier, the acting Chief Medical Director of Asokoro District Hospital, Abuja, Dr. Rosemary Nwokorie, while welcoming the First Lady, commended President Tinubu's administration for its unwavering

Okon Bassey in Uyo

Akwa Ibom State government is to spend the sum of N955 billion in the 2025 financial year.

This followed the signing of the State’s 2025 appropriation bill tagged, "Budget of Consolidation and Expansion," into law by the State Governor, Umo Eno. Also yesterday, Governor Hope Uzodimma signed into law the Imo State 2025 appropriation bill that was raised by the State's Assembly to N807 billion from the N756 billion presented to them by the Governor.

Uzodimma pledged full and faithful implementation of the budget.

In Akwa Ibom State, the Governor signed the bill at the State Government House, Uyo, with the Speaker of the State House of Assembly, Rt. Hon. Udeme Otong; members of the State Executive Council, and some members of the state legislature in attendance.

At the signing ceremony, Governor Eno lauded members of the State House of Assembly for the expeditious passage of the appropriation bill.

He acknowledges the synergy and unity of purpose between the

executive and the legislative arms in the implementation of government policies and programmes.

He sued for sustainable partnership and collaboration in order to deliver on the dividends of democracy to the people in line with his administration's ARISE Agenda blueprint covering Agriculture, Rural development, Infrastructure and Social Empowerment.

The House of Assembly had on December 24, 2024, passed the 2025 appropriation bill into law, following the adoption of the report by the Chairman, House Committee on Appropriation and Finance, Dr. Itoro Etim.

Following the adoption, the House had dissolved into the Committee of Whole, to consider the report, after which it was read the third time and passed into law by the lawmakers.

The budget has a component of recurrent expenditure of N300 billion and N655 billion for capital expenditure.

The 2025 budget outlay represents a three percent increase from the N923.412 billion revised provision of 2024.

Meanwhile, in Imo, Governor Uzodimma signed into law the State’s 2025 appropriation bill.

According to a statement, in

Visits motherless babies' home, doles out foodstuffs, cash gifts he visited the Gbaja Maternal and Child Care Centre, Surulere, where the Baby of the Year, named Ikeatu Okika Chiamaka, was born at about 12 am. through a cesarean section and weighed 3kg at birth.

Also, there was a second baby delivered at about 1:15.am and named Uzochukwu Chiwendu, weighing 3kg.

Gbajabiamila, who gave out cash gifts, foodstuffs, and other items to

Vice President for creating various intervention programs especially the Renewed Hope Initiative toward assisting vulnerable Nigerians, especially women and children in the country.

Akwa Ibom, Imo Governors Sign 2025 Appropriation Bills into Law

Gbajabiamila Celebrates 2025 Surulere Baby of the Year Chief of Staff to the President Bola Ahmed Tinubu, Rt. Hon. Femi Gbajabiamila, Wednesday, unveiled and celebrated the 2025 Surulere Baby of the Year.

Gbajabiamila, who served as the Speaker of the 9th House of Representatives (2019-2023), has been celebrating the Surulere Baby of the Year since his days in the House of Representatives.

He was in a joyous mood when

commitment to transforming the nation's health sector, with a view to improving the healthcare services for every Nigerian.

Nwokorie also applauded the First Lady and the wife of the

cater for the Baby of the Year and the second baby, also went around the maternal section of the hospital to greet and extend hand of fellowship to other women who were delivered of babies at different times.

Similarly, the Chief of Staff to the President visited the Heart of Gold Children Hospice, a motherless babies’ home and a safe haven for children with special needs, where he also donated cash gifts, foodstuffs,

sanitary items and others.

Gbajabiamila was taken around the facilities, which houses about 70 children, by the founder of the home, Mrs. Adelaja Adedoyin.

He assured of his continuous support for the motherless babies' home, even as he thanked the founder for her unwavering commitment toward providing shelter for the babies, as well as children with special needs.

signing the bill into law at the New Exco Chambers, Government House Owerri, Uzodimma noted that what the lawmakers did by increasing the original figures he presented before them showed an alignment between the Executive and the legislature in providing essential services to the people.

The Governor who further expressed satisfaction over the expeditious passage of the appropriation bill and tinkering with the original numbers, said the lawmakers through their action have challenged the executive to commence work without delay on the 2025 budget.

“The appropriation signed into law still maintains the Governor's consistency in allocating huge chunk of the budget to capital expenditure in 2025 to the tune of N694,786,041,220 or 86.09 percent of the total sum.

“For the recurrent expenditure, N112,302,000,000 or 13.91 percent was approved.

“In the now signed budget, the Ministry of Works and Infrastructural Development gets N297,509,312,778 or 42.8 percent, the Ministry of Transport, N101,010,000,000 or 14.5 percent and the Ministry of Power and Electrification, N74,755,479,042 or 10.8 percent.”

The statement added: “In the same vein, the Ministry of Agriculture and Food Security was allocated N50,020,000,000 or 7.2 percent of the budget; the Ministry of Education, N49,460,000,000 or 7.1 percent while the Ministry of Health gets N31,933,234,000 or 4.65 percent.”

In his remarks after signing the appropriation bill into law, Uzodimma said: "I have just signed into law the 2025 Imo State appropriation bill, which now has the force of law and serves as the financial operational manual for the state.

“While I initially proposed a budget of Seven Hundred and Fifty-Six Billion Naira for the year, the State House of Assembly, in its wisdom,

adjusted it to N807 billion. It shows the alignment between the Executive and the Legislature in providing essential infrastructure and services to the people of the State.

"The total 2025 budget, as amended by the Assembly and signed into law is N807,088,041,220. Capital allocation: N694,786,041,220 or 86.09 percent.

Recurrent allocation: N112,302,000,000 or 13.91 percent.

"I commend the Speaker and members of the House of Assembly for the expeditious passage of the Appropriation Bill and for increasing the initial budget estimate. This patriotic gesture challenges the executive to commence work immediately.

"As outlined in my recent budget speech, this ‘Budget of Expanded Economic Opportunities’ is designed to drive the economic transformation of our state through improved infrastructure and industrialisation.

“Beyond focusing on making our economy one of the fastest-growing in the region, we aim to position the state as a prime destination for genuine investors.

"My dear people of Imo State, I pledge to fully and faithfully implement this budget to achieve its goals. We will create expanded economic opportunities through investment and job creation.

Ndi Imo shall be the beneficiaries.

"I urge everyone and all stakeholders to support this administration in our endeavor to set Imo State on a path of sustainable development.”

Earlier in his speech ahead of the signing, the Speaker of the Imo State House of Assembly, Rt Hon. Chike Olemgbe, explained that the appropriation bill presented to them was carefully crafted, a situation that made their job easy and seamless.

He noted that the proposal showed that the Governor was determined to give Imo people "Expanded Economic Opportunities" as contained in the budget.

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THURSDAY, JANUARY 02, 2025 • T H I S D AY

THISDAY AWARDS...

NGOZI OKONJOIWEALA IS THISDAY WOMAN OF THE YEAR BUA Group, Abdulsamad Ishaku Rabiu; Chairman of Zenith Bank Plc, Mr. Jim Ovia; President of the African Export-Import Bank (Afreximbank); embattled human rights activist and lawyer, Dele Farotimi; Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL), Mele Kyari; CEO/Managing Director, First Exploration & Petroleum Development Company Limited, Demola Bero, were nominated Titans of the Year.

Others who were also nominated in the Titans of the Year category, which is made up of those who through their vision, action, guts and courage have made a lasting impact on Nigeria, include renowned business mogul, Alhaji Muhammad Ali Indimi; Chairman of Access Holdings, Aigboje Aig-Imoukhuede; Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, and founder of SystemSpecs Nigeria Limited, John Tanimola Obaro.

Also, in recognition of their contribution towards nationbuilding and their respective accomplishments over the course of their careers, former President Goodluck Jonathan; advertising guru, Biodun Shobanjo, Aminu Bello Masari, Olusegun Osunkeye, Atedo Peterside, Fola Adeola, Udoma Udo Udoma, Chris Okeke, and Hakeem Belo-Osagie were all nominated for the THISDAY’s Lifetime Achievement Awards.

Others that were also nominated for the THISDAY Lifetime Achievement Awards were former Senate President, David Mark; Yemi Ogunbiyi, Martin Luther Agwai, Salihu Ibrahim, and Ango Abdulahi.

Equally, former Group Managing Director of Access Holdings, late Hebert Wigwe, a banking icon who helped in developing some of Africa's biggest companies in the construction, telecommunications, energy, oil and gas sectors through Access Bank and the late President of the foremost igbo socio-cultural organisation, Ohaneze Ndigbo and entrepreneur, late Chief Emmanuel Iwuanyanwu, were nominated for the THISDAY Posthumous Awards.

The Board of Editors of the THISDAY Group also unveiled nominations for the Bank of the Year, Banker of the Year, Global Bank of the Year, Brand of the Year, Company of the Year, Product of the Year, Minister of the Year, Governor of the Year, Senator of the Year, Representative of the Year, Government Agency of the Year, Investor of the Year, Transaction of the Year and Young Global Leader of the Year.

Okonjo-Iweala is the first woman and first African to serve as Director-General of the WTO. She has been consistently praised by members of the global trade body for her outstanding leadership at the Geneva-based organisation.

Her reappointment highlighted the strong support for her efforts to enhance the WTO’s relevance and capacity in addressing the evolving challenges of global trade.

Amid significant global economic challenges, she strengthened the WTO’s ability to support its members and set a forward-looking agenda for the organisation. Her leadership was instrumental in securing meaningful outcomes at pivotal moments, including the 12th and 13th Ministerial Conferences (MC12 and MC13), where major milestones were achieved.

She has displayed a strong commitment to ensuring that the WTO remains responsive, inclusive, and results-driven.

WOMAN OF THE YEAR Ngozi Okonjo-Iweala: Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), has cemented her status as a global leader through her transformative achievements in 2024.

Under her leadership, the WTO brokered historic trade agreements that bolstered global economic recovery, especially for developing nations.

She championed equitable vaccine distribution and climate-resilient trade policies, ensuring that marginalised economies gained access to critical resources.

Her advocacy for women’s empowerment in global trade has inspired initiatives that amplify female entrepreneurs worldwide.

Okonjo-Iweala’s unwavering commitment to fairness, innovation, and global unity defines her as a trailblazer deserving the title of Woman of the Year 2024.

WINNERS OF TITANS OF THE YEAR….

Finance Facility to support BUA Industries Limited's expansion plans. The first tranche of $150 million was disbursed in October 2024.

were feats not thought possible a few months back.

Kyari has overseen the ramping up of oil production from a lowly 1 million bpd to about 1.7 million bpd, literally leading the charge to remove all the bottlenecks that had hobbled oil output as well as mobilising the security forces to minimise the massive oil theft in the Niger Delta.

He has turned the national oil company around from being a loss making entity to a profit-oriented one and has made it a task to release the company's annual financial statement to the public.

ALIKO DANGOTE

- For Dangote Refineries & Petrochemicals Nigerian businessman and industrialist, Alhaji Aliko Dangote is the President, Dangote Group and is referred to as the first man who built a private refinery in Nigeria.

Inaugurated on May 22, 2023 the Dangote Petroleum Refinery which had since commenced operations is a 650,000 barrels per day (BPD) integrated refinery owned by Dangote Group, making it the largest single-train refinery in the world with an investment valued at $19 billion at full capacity.

It is a multi-billion dollar project that will create a market for $21 billion per annum of Nigerian crude and designed to process Nigerian crude with the ability to further process other crudes.

The private refinery was designed to end the country's refined oil and petroleum products import to help conserved scarce Foreign Exchange and to create jobs.

The refinery will meet 100 per cent of the Nigerian requirement of all refined products and surplus of each of the products for export, thereby earning FX and reducing pressure on the local currency.

SAMAD ISHAKU RABIU - Investing across Nigeria

Nigerian businessman and philanthropist, Abdul Samad Rabiu is the Founder/ Chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing over $2.5 billion in revenue.

BUA has expanded further into steel, producing billets, importing iron ore, and constructing multiple rolling mills in Nigeria. The company acquired Nigerian oil mills Limited, the largest edible oil processing company in Nigeria. In 2005 BUA started two flourmilling plants, in Lagos and in Kano. By 2008, BUA had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second largest sugar refinery in sub-Saharan Africa. In 2009 the company went on to acquire a controlling stake in a publicly listed Cement Company in Northern Nigeria and began to construct a $900 million cement plant in Edo State, completing it in early 2015.

Only recently, Rabiu, disclosed that the company plans to increase cement production to about 11 million metric tons by 2025 boost availability as well as gain more market access and share.

DEMOLA BERO

– Creating a National Oil Major Ademola Adeyemi-Bero is a well-known figure in Nigeria's oil and gas industry. As the founder and Chief Executive Officer of FIRST E&P, he has contributed immensely to Nigeria's oil and gas sector.

With over 33 years of experience in the industry, Adeyemi-Bero has worked with top players in the sector. With him in the saddle, FIRST E&P has achieved significant milestones, including the attainment of first oil and contributing to Nigeria's Decade of Gas initiative.

Adeyemi-Bero’s vision of creating a Nigerian oil major is centered around building a sustainable and successful integrated oil and gas business. Recently appointed the Chairman of the Board of Governors of the Organisation of Petroleum Exporting Countries (OPEC), under his watch, First E&P, has achieved several notable milestones in its operations.

First E&P has successfully increased its production levels from its operated assets, drilled and completed several new wells and made significant progress in the development of its operated fields. It is also part of the consortium that recently bought some oil assets from Shell.

BENEDICT ORAMAH

- Financing Nigeria at a critical time The African Export-Import Bank (Afreximbank) under the watch of its President/Chairman of the Board of Directors, Prof. Benedict Oramah, has advanced critical financing to Nigeria particularly at a time when the country was experiencing fiscal constraints to implement its developmental projects.

Among other interventions. Afreximbank had participated as a lender, bookrunner, and agent in a syndicated facility of up to EUR 2 billion for the Bank of Industry (BoI) to enable the development finance bank critical projects and drive sustainable development in the country.

Afreximbank also arranged a $650 million financing facility for Oando Petroleum and Natural Gas Company Limited to acquire a 20 per cent participating interest in a Nigerian joint venture.

The bank further approved a $200 million Corporate

MELE KYARI

– Restoring the refineries The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has worked tirelessly to restore the NNPC and make it one of the most formidable National Oil Companies (NOCs) globally.

Under Kyari’s astute leadership, the NNPC has revamped phase one of the 210,000 barrels per day Port Harcourt refinery which hit a 70 per cent production milestone at its reopening in November, 2024.

Similarly, the 125,000 bpd Warri Refining and Petrochemical Company (WRPC), which had been inactive for several years, is now significantly back on stream and operating at 60 per cent capacity. These

MOHAMMED INDIMI – Ramping up oil production

Mohammed Indimi, a Nigerian businessman and chairman of Oriental Energy Resources Limited, has been instrumental in helping to ramp up oil production in Nigeria, with his huge investments in the sector.

THURSDAY JANUARY 2, 2025 • T H I S D A Y

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THURSDAY, JANUARY 02, 2025 • T H I S D AY

THISDAY AWARDS...

TITANS Indimi is widely recognised as a leader in Nigeria's oil and gas industry, and his company, Oriental Energy Resources Limited, is considered one of the most successful indigenous oil companies.

Through the company, Ndimi recently unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel, which is expected to increase Nigeria's oil production capacity by 30,000 barrels per day soon.

The increased oil production capacity is expected to contribute significantly to Nigeria's economic growth and development, create job opportunities and stimulate economic activity in the country.

Aig-Imoukhuede’s influence extends beyond corporate achievements. Through philanthropy and mentorship, he has inspired a new generation of African leaders, earning global recognition for his commitment to innovation and economic development on the continent. His legacy exemplifies banking that transcends borders and transforms societies.

of N57, reflecting the market's confidence in Agbaje's leadership.

Agbaje’s focus on innovation and customer satisfaction has not only strengthened the bank’s reputation but also positioned it as a driver of shareholder value in Nigeria’s financial sector.

DELE FAROTIMI

The trial and criminalisation of free speech

JIM OVIA

– Banking beyond Nigeria

MIKE ADENUGA

– Ramping up oil production Mike Adenuga, through his company Conoil Producing, is playing a significant role in ramping up oil production in Nigeria. One of the earliest local upstream operators, Conoil has been operating a number of assets in the Niger Delta.

Under Adenuga's leadership, Conoil has demonstrated remarkable financial success, a testament to his strategic vision and leadership in the oil industry. His commitment to investing in the company's infrastructure and operations continues to drive growth in the sector.

AIGBOJE AIG-IMOUKHUEDE

Jim Ovia, founder and Chairman of Zenith Bank, has positioned the institution as a catalyst for economic growth across Africa and beyond. The bank's recent entry into Paris, France, in 2024, reinforces its commitment to facilitating trade and investment between Africa and Europe, while its established presence in Ghana, Sierra Leone, and The Gambia bolsters its influence across West Africa.

Zenith Bank is a key driver of non-oil export promotion, supporting Nigerian businesses in accessing global markets.

Additionally, the bank actively collaborates with the African Continental Free Trade Area (AfCFTA) to boost intra-African trade, enhancing economic integration across the continent.

With gross earnings of N2.9 trillion in the first nine months of 2024, a 118 per cent year-on-year growth, and a brand value of N201.5 billion, Zenith Bank exemplifies innovation and strategic impact under Ovia’s visionary leadership.

– Banking beyond Nigeria

SEGUN AGBAJE

Aigboje Aig-Imoukhuede, a distinguished financier and visionary leader, redefined banking in Nigeria and across Africa. As the former Group Managing Director of Access Bank, Aig-Imoukhuede spearheaded the transformation of the institution into a leading pan-African financial services powerhouse. Under his leadership, Access Bank expanded its footprint spanning 3 continents and over 20 countries reshaping its financial landscape.

Beyond traditional banking, Aig-Imoukhuede championed diversification into pensions, insurance, and asset management, driving economic inclusion and sustainable growth.

His foresight positioned Access Holdings as a key player in addressing Africa’s financial challenges while unlocking vast opportunities across sectors.

Since assuming the role of Managing Director/CEO of Guaranty Trust Bank (GTBank) in 2011, Segun Agbaje has demonstrated a commitment to enhancing shareholder value and redefining customer-centric banking. At the start of his tenure, the bank's share price was approximately N12.30. Under his leadership, it surged significantly, reaching N31.80 by June 2014.

The strategic transformation of GTBank into Guaranty Trust Holding Company (GTCO) in 2021 marked a new chapter, enabling the group to diversify its operations across banking, payments, pensions, and asset management. This expansion has further solidified its position as a leading financial services group. By December 2024, GTCO's share price achieved a high

– Driving shareholder value

Dele Farotimi, a prominent Nigerian human rights lawyer and activist, embodies resilience in the face of systemic oppression.

Known for his bold critiques of governance and social injustice, he was targeted with threats, lawsuits, and public vilification aimed at silencing his voice, which culminated to his gestapo-styled arrest on December 3, 2024, by the Ekiti State Police Command, afterwhich he was detained for 21 days over alleged defamation tied to his book Nigeria and Its Criminal Justice System.

Farotimi’s ordeal exposed the weaponisation of the legal system against dissent. Despite harsh detention conditions and stringent bail terms, including a N30 million bond and media restrictions, his unwavering stance on governance and social justice in the shrinking space for free speech in Nigeria and his enduring commitment to truth and accountability, puts him on the radar.

JOHN TANIMOLA OBARO - Advancing payment systems

John Tanimola Obaro is the CEO of SystemSpecs, which he founded in 1992 as a human capital management and financial software solutions company to revolutionize payment system in Nigeria and beyond.

In 2011, Obaro, through his company SystemSpecs, signed an agreement with the Central Bank of Nigeria (CBN) to deploy its wholly homegrown Remita software for the implementation of the Treasury Single Account (TSA) policy that enabled e-payment and e-collection of all inflows, remittances and expenditure of the federal government for enhanced transparency and increased efficiency. With Remita, Obaro’s was able to block all financial loopholes and saved billions of Naira for the federal government, through TSA.

NOMINEES: BANKER OF THE YEAR WALTER AKPANI

With several decades of banking experience, Walter Akpani is likened to a fine wine that improves with age.

Akpani has grown in stature and influence throughout his extensive career.

As the Managing Director and CEO of Providus Bank, he stands out as one of the most accomplished bankers in Nigeria. His journey began as a pioneer staff member of ICON Stockbrokers, and he has since played pivotal roles in several financial institutions, including serving on the restructuring team at Commercial Trust Bank, contributing to the establishment of Standard Trust Bank Plc, now United Bank for Africa, and helping to launch Platinum Bank Limited.

Under Akpani’s leadership, Providus Bank has achieved numerous milestones, building on the legacy of United Mortgage Bank Limited, which has since transformed into Providus Bank. His tenure is marked by a series of successful initiatives and strategic business deals that underscore his prowess as a finance manager and stockbroker.

ADORA UMEOJI

The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Adaora Umeoji, grew through the ranks with several achievements to match. In the 2024 financial year, she once again demonstrated her exceptional leadership skills, propelling the bank to new heights of financial performance in the financial institution’s recently released half-year 2024 results.

Under Umeoji’s strategic guidance, Zenith Bank has consistently outperformed its peers and solidified its position as a leading financial institution in Nigeria and across Africa. Zenith Bank’s audited results for the half-year ended 30 June 2024, showed that the bank recorded an impressive triple-digit growth of 117 per cent in gross earnings from N967.3 billion reported in the half-year of 2023 to N2.1 trillion in H1 2024. This superior performance was achieved even as the Nigerian banking industry navigates a challenging macro environment.

According to the bank’s audited half-year financial results presented to the Nigerian Exchange (NGX) recently, the triple-digit growth in the top line also drove growth in the bottom line as the Group recorded a 108 per cent year-on-year (YoY) increase in profit before tax, from N350 billion in H1 2023 to N727 billion in H1 2024.

Umeoji is an alumnus of the prestigious Harvard Business School where she attended the Advanced Management Program (AMP) and an alumnus of Columbia Business School with a Certificate in the Global Banking Program.

She holds a Bachelor’s Degree in Sociology from the University of Jos, a Bachelor’s Degree in Accounting and a First-Class honors in Law from Baze University, Abuja. She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.

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T H I S D AY • THURSDAY, JANUARY 02, 2025

THISDAY AWARDS...

NOMINEES: GLOBAL BANK OF THE YEAR AFRICAN EXPORT-IMPORT BANK (AFREXIMBANK)

UBA PLC

Recently, African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU is one of the many efforts towards deepening key trade development activities on the continent.

In a bid to support the federal government in stabilising Nigeria’s exchange rate, Afreximbank extended a $3billion emergency crude oil repayment loan to Nigeria.

The deal came over a year after NNPCL had similarly secured a $5 billion corporate finance commitment from the same Afreximbank to fund major investments in Nigeria’s upstream sector.

Aside from Nigeria, the bank is in close collaboration with the countries of the BRICS bloc and the Gulf Cooperation Council (GCC) and with the Arab Africa Trade Bridge (AATB), a $1.5bn m u l t i - d o n o r, inter-regional program to address the issues of food insecurity in the Arab and African regions amidst the ongoing global food security crisis.

The United Bank of Africa (UBA) has solidified its position as a leading financial institution, not just in Nigeria, but across the African continent and beyond.

With its tagline “One Brand, Global Influence,” the financial institution has continued to demonstrate a commitment to providing innovative financial solutions to individuals and businesses alike.

For 75 years, the Pan-African bank has transformed from a mustard seed to a thriving global powerhouse, creating a strong footprint in 24 Global locations while igniting success.

With a presence in 20 African countries and four global centres: London, New York, Paris, and Dubai, UBA has established itself as a truly global financial institution. Its expansive network ensures that it can meet the needs of its customers wherever they are, delivering world-class banking services with a local touch.

ACCESS BANK PLC

Recently, Access Bank UK Limited announced the official opening of its Hong Kong branch (a restricted licence bank). The expansion represents a key milestone in the bank’s global growth strategy and underscores its commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong branch established The Access Bank UK Limited as the first West African bank to enter the territory, a groundbreaking move to facilitate and accelerate trade flows between Asia and Africa. As a leading international financial centre and gateway to Asia, Hong Kong is ideally positioned to become a strategic hub, strengthening trade and connectivity between the region and Africa. Through its presence in Hong Kong, Access Bank has capitalise on the expanding economic partnership between Asia and Africa, supporting the increasing flow of trade between these regions.

The Access Bank train recently stopped in Paris, one of Europe’s most important financial centres since the 19th century, Paris is also the financial hub of France, since most major French financial institutions and France’s largest stock exchange, Euronext Paris, are headquartered there.

NOMINEES: MINISTER OF THE YEAR been working assiduously to turn around the malaise in the health system. He has made unrelenting in reforming the primary healthcare.

Pate and his lieutenants handled some health emergencies successfully, including averting the spread of monkey pox in the country.

Arguably, Wike is one of the most visible and active ministers of the Tinubu administration. In about 18 months, the minister has given the Federal Capital Territory a major face-lift.

Although the satellite towns have not benefited much from his massive infrastructural revolution, the minister has transformed a major part of the city into huge construction site.

One of his achievements was the ability to convince the president to remove the FCT from the Treasury Single Account (TSA), a move considered pivotal to the successes he has made in delivering on infrastructure.

He was also instrumental to the recent huge revenue generation profile of the FCT through encouraging the FCT Intern Revenue Service (FCT-IRS).

MR. WALE EDUN

Minister of Finance and Coordinating Minister of the Economy, As minister saddled with overseeing/managing the nation’s finances and the economy at a time of serious economic downturn, not many would envy his job.

While the current reforms initiated by the Tinubu administration has had a biting effect on the populace, the minister has remained focused on building an economy that is anchored on a robust economic growth trajectory.

He has repeatedly remarked that under the Tinubu administration, the nation’s revenue has been revamped.

This is given practical expression by the stellar performance of the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) which significantly overshot their revenue targets ajout by September last year.

Despite a crushing inflation following bold reforms, the economy still posted a modest growth in the last quarter under his watch.

The current tax reforms and aggressive revenue drive are some of the major focus areas of the minister.

FESTUS KEYAMO

Minister of Aviation and Aerospace Development Since his assumption of office as the Minister of Aviation and Aerospce Development, Festus Keyamo is largely perceived by keen watchers of the aviation sector as having struck the right chords in several respects, ranging from his uncompromising stance on ensuring that Nigerian carriers on the international routes enjoy due reciprocity from countries that share Bilateral Air Services Agreement (BASA) with Nigeria and according Nigerian Air travellers their deserved rights.

He has also been reasonably supportive of domestic airlines.

Keyamo also scores high in the area of ensuring safety standards by regulatory agencies.

DR. OLUBUNMI TUNJI-OJO, Minister of Interior

In his early days,the minister attracted plaudits from many Nigerians with the way he ordered the Nigerian Immigration Service (NIS) to ease the misery of many citizens seeking to procure the Nigerian passport.

Since becoming the Minister of Interior, he has initiated unprecedented reforms, clearly propelling many agencies under his watch to reforms.

A consummate businessman and consultant with a robust background in ICT, he has been in the forefront of driving technology to transform agencies under his ministry.Tunji-Ojo’s resolve to decongest correctional facilities through the clearance of fines and compensations worth N585 million for 4,068 inmates showcased his compassionate approach to criminal justice reform.

DR. MOHAMMED ALI PATE, Minister of Health and Social Welfare

A globally recognised physician, Mohammed Ali Pate has

EZENWO NYESOM WIKE Minister of FCT

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THISDAY AWARDS...

NOMINEES: GOVERNOR OF THE YEAR investment, tourism, and living.

One of his key focus areas is the justice sector. He appointed Dr. Kingsley Tochi Udeh to oversee reforms, which have been instrumental in bringing about positive change.

To address insecurity, Governor Mbah has ruled out political correctness, reaffirming his dedication to ensuring the safety of all residents.

Additionally, he aims to grow Enugu State's economy, which will likely have a positive impact on underserved communities.

While specific details on programs targeting underserved areas are limited, Governor Mbah's overall vision and initiatives suggest a proactive approach to governance, which may benefit these communities.

BABAJIDE SANWO-OLU

Lagos State Lagos State has witnessed infrastructural development since Mr Babajide Sanwo-Olu emerged as Governor on May 29, 2019.

The state of aquatic splendour experienced significant infrastructural development under Governor Babajide Sanwo-Olu's administration.

One of the notable achievements is the completion and commissioning of 172 roads, totaling 177.93 kilometers, as well as ongoing projects covering 298.22 kilometers of roads and 2.510 kilometers of bridges.

Some other key infrastructure projects include the OjotaOpebi Link Bridge: A significant project aimed at enhancing transportation and alleviating traffic congestion; Abiola-Onijemo link road with a bridge: Another crucial project focused on improving connectivity across the state; Old Ojo road dual carriageway: A project designed to enhance transportation and reduce travel time, and Eti-Osa – Lekki – Epe Expressway: An ongoing project aimed at improving connectivity and reducing traffic congestion.

In addition, the Sanwo-Olu's administration has also launched the Red Line Rail and expanded the Blue Line operations, marking historic milestones in the state's infrastructure development .

Overall, Lagos State's infrastructural development under Governor Sanwo-Olu's administration has been impressive, with a focus on improving transportation, connectivity, and the overall quality of life for residents.

UMO ENO Akwa Ibom State

Governor Umo Eno of Akwa Ibom State has made an identifiable impact since assuming office in May 2023.

Some of the areas the governor has received commendation for including infrastructure development, especially in rural communities. Some of his landmark projects include Road Construction: Over 157 road projects have been undertaken across the 31 Local Government Areas, with many completed and inaugurated; Ibom Model Farm: A collaborative project with Songhai Farms to promote agricultural revolution and food security; Arise Park: A family-themed park with recreational facilities, expected to be one of the best in the nation .

In the area of agricultural revolution he has undertaken initiatives like the Arise Home Farms Scheme and Work-Free Farm Days have boosted agricultural production; under the entrepreneurial Accelerator Programme, over 2,000 youths have been trained, with each participant receiving a 500,000 Naira seed grant and he has been promoting SMEs.

PETER MBAH Enugu state

In less than 19 months after assuming office as Governor of Enugu State on May 29, 2023, Peter Mbah is taking governance to the underserved in the Coal City State through various initiatives. He has raised the State's IGR from a paltry N25 billion annually to a whooping N144 billion in under 19 months in office has his eyes set on achieving N220 billion the end of 2025.

Since his inauguration, he has demonstrated a commitment to transforming the state into a premier destination for business,

development in Delta State through various projects and initiatives.

In terms of road infrastructure, he has focused on constructing and rehabilitating roads across the state, including the Upper and Lower Erejuwa Roads, Gabriel Mabiaku Road, and Esisi Road to Estate Roundabout in Warri. Additionally, he has approved the construction of several new roads in Ughelli North to alleviate traffic congestion. The governor has also prioritised bridge construction, with the Kwale-Beneku bridge linking Ndokwa West and Ndokwa East LGAs nearing completion. This bridge will significantly improve connectivity and commerce in the region. Furthermore, Oborevwori has initiated urban renewal projects in Warri and Sapele, aiming to restore these cities to their old glory .

In Sapele, over 16 kilometers of roads are being constructed or rehabilitated, including the Major Bowen Road and Benin Road. The governor has also invested in education and healthcare infrastructure, including the completion of projects at the Delta State University of Science and Technology, Ozoro, and the establishment of the College of Health Technology, Ovrode.

Overall, Governor Oborevwori's efforts to drive infrastructural development in Delta State are aimed at improving the quality of life for citizens, promoting economic growth, and positioning the state for sustainable development.

UBA SANI

Kaduna State Governor Uba Sani has made significant strides in tackling insecurity in Kaduna State through a multi-faceted approach.

He has established the Kaduna State Security Trust Fund to support security operations and has also initiated a three-pronged approach to address security challenges.

Key Strategies: Enhanced Collaboration: Governor Sani has fostered robust collaboration with security agencies, resulting in improved intelligence gathering and sharing. This synergy has led to a significant reduction in major security incidents in the state.

Joint Strategy with Northern States: Recognizing the regional nature of insecurity, Governor Sani has advocated for a joint strategy among northern states to combat insecurity and banditry effectively .

Proactive Governance: Governor Sani's administration has demonstrated a commitment to proactive governance, reducing the cost of governance and allocating resources to critical areas such as education, healthcare, and infrastructure development.

These efforts have contributed to an improvement in the security situation in Kaduna State, with Governor Sani reporting a reduction in major security incidents in recent months.

SHERIFF OBOREVWORI

Delta State

Governor Sheriff Oborevwori has been driving infrastructural

NOMINEES: HOUSE MEMBER OF THE YEAR

HON. BABAJIMI BENSON He is representing Ikorodu Federal Constituency in Lagos State in the House of Representatives. Benson was first elected in 2015 and was re-elected in 2019 and 2023.

Currently, he serves as the Chairman of the House Committee on Defence and has introduced several bills and motions aimed at enhancing the efficiency and effectiveness of security agents in the fight against insecurity.

Benson sponsored the Nigerian Armed Forces Support Fund bill, designed to improve the country's defence capabilities.

He also submitted a petition before the House against the Accountant General of the Federation for his refusal to pay salaries and pension arrears of officers who retired from the Federal Civil Service between 2012 and 2020.

HON. IKENGA UGOCHINYERE

He currently serves as a member representing Ideato Federal Constituency in the House of Representatives. He also serves as the chairman of the House Committee on Petroleum Resources and Downstream.

He co-sponsored the South East Development Commission Bill assented to by President Bola Tinubu.

Ugochinyere also co-sponsored a bill seeking to amend the Constitution of the Federal Republic of Nigeria 1999 to limit the period which any individual can serve as President of the Federal Republic of Nigeria from two terms of four years each, to a single six year tenure. The Bill also seeks an amendment for rotation of the Presidency across the six geo-political zones in the country.

The Bill was rejected by the members of the House. However, Ugochinyere assured that the Bill would be represented before the House.

HON. BENJAMI KALU

He currently serves as the Deputy Speaker of the House of Representatives. He represents the Bende federal constituency. He is also the Chairman of the House Committee on the review of the 1999 Constitution.

Kalu is the convener of the Peace in the South East Project (PISE), which aims to use non-kinetic means to resolve insecurity in the South East Region.

With over 100 bills to his name, he has been instrumental to much needed amendments to national laws, including the Acts Authentication Act and the Nigerian Communications Act, to mention a few. He has also, through legislative interventions, pioneered the creation of critical public institutions such as the Federal Capital Territory Education Resource Centre. Kalu co-sponsored the bill for the establishment of the South-East Development Commission in the 10th House.

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THISDAY AWARDS...

NOMINEES: BANK OF THE YEAR ZENITH BANK Zenith Bank has been recognised as "Bank of the Year" for its exceptional leadership, innovation, and unwavering commitment to sustainable banking. Under the strategic direction of its leadership, notably with the appointment of Dame Adaora Umeoji as the first female Group CEO, the bank has demonstrated remarkable resilience and forward-thinking.

Zenith’s global footprint, exemplified by the recent launch of its Paris branch, underscores its ambition to expand and serve international markets. The bank's consistent recognition with accolades such as Global Finance’s Best Bank in Nigeria and International Banker’s Most Sustainable Bank reflects its strong governance, operational excellence, and adaptability.

Zenith's continued investment in cutting-edge technology and its robust customer-centric approach position it at the forefront of Nigeria’s banking sector.

This confluence of strategic foresight and operational efficiency has solidified its reputation as a leader in the industry, making it a deserving recipient of the "Bank of the Year" award

ACCESS BANK

PROVIDUS BANK

Access Bank’s recognition as "Bank of the Year" underscores its strategic leadership, rapid expansion, and commitment to innovation and sustainability. With the steady launch of Access Bank branches across Africa and swift entry into new markets, the bank has solidified its presence as a pan-African financial powerhouse.

Recognised as the Best Digital Bank at the 2024 Digital Jurist Awards, Access Bank continues to lead in digital transformation.

Its commitment to environmental, social, and governance (ESG) principles earned it Euromoney’s award for Best Bank for ESG, reinforcing its reputation as a responsible corporate leader.

These achievements reflect Access Bank’s strategic foresight, operational excellence, and role as a key driver of growth in Africa and beyond.

Providus Bank has earned the "Bank of the Year" title for its transformative strides in Nigeria’s banking sector. Its acquisition of Unity Bank, which expanded its network to 243 branches nationwide, marked a pivotal step in its journey to becoming a tier-one institution.

Renowned for technological excellence, Providus Bank introduced the World MasterCard, enabling seamless international transactions with dual-currency functionality, a first in its class. Further solidifying its impact, the bank partnered with Mastercard to launch the AmphiCard, a groundbreaking solution tailored for SMEs, showcasing its commitment to driving entrepreneurship and economic growth. These achievements reflect Providus Bank’s strategic vision, innovation, and dedication to empowering businesses and individuals, cementing its position as a leader in the industry.

NOMINEES: BRAND OF THE YEAR INDOMIE

GLOBACOM

MTN

Talk of a dogged and consistent brand with an intentional approach to rule the market and Indomie will readily come to mind. Though it's often argued that its early entry into the market is the major advantage it has over competitions, the story of Indomie as a market leader is more than that.

From humble beginnings in 1995 at a time noodles was alien to the Nigerian market, Indomie was introduced with a bang and recorded an immediate hit. However, despite it's immediate success story, the promoters of the brand didn't allow complacency to discourage them from pushing in all fronts and deploring all known marketing solutions, whether below the line or above the line, including advertising, sponsorship, experiential and Public Relations. Within a short period, Indomie became a household name in Nigeria, and a market leader in the instant noodle industry, through a combination of factors, including early entry, Consistent quality, Localized product offerings, memorable advertising and Wide-reaching distrib u tion.

Globacom is Nigeria’s indigenous telecoms giant, owned

by Mike Adenuga (Jnr) that was enlisted into the Nigerian telecoms market in 2003, two years after MTN and Econet Wireless (Now Airtel) had rolled out their commercial GSM services in Nigeria, while offering per minute billing system that raised the cost of telecoms services to the high roof.

Globacom rolled out in 2003 with per second billing system, a development that crashed the cost of telecoms services at a time when the first two GSM telecoms operators had told Nigerians that per second billing was not possible in Nigeria.

Globacom, in 2010 berthed its submarine cable called the Glo1 in Nigeria, from the United Kingdom, with a capacity of 640 Gigabit per second, stretching 9,800km, designed to enhance broadband and internet penetration in Nigeria.

MTN Nigeria is the first telecoms company in Nigeria to roll out its commercial GSM services in 2001. Today, it is the largest telecoms network in Nigeria, with a subscriber base of 80.4 million and a market share of 51.09 per cent as at October 2024. MTN has also maintained a leading position in the mobile number portability service, which allows telecoms subscribers to port from their original network to another network of choice, in search of better service quality, while still retaining their initial GSM numbers on the new network.

MTN is also the first telecoms company in Nigeria to launch 5G services. During its 5G launch in September 2022 in Lagos, the telecoms giant promised to carry out 5G commercial launch in six other cities, which include: Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.

NOMINEES: COMPANY OF THE YEAR DANGOTE PETROCHEMICAL AND REFINING COMPANY The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of $4.1 billion in 2017.

On May 22, 2023, the Dangote Refinery was inaugurated in Lekki, Nigeria, which has the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.

The core business focus of the Group, which started operations in 1978, is to provide local, value-added products and services that meet the ‘basic needs’ of the populace.

Dangote Group is a diversified and fully integrated conglomerate.

The Group’s interests span a range of sectors in Nigeria and across Africa.

TOLERAM GROUP Tolaram Group is a holding company headquartered in Singapore with diversified business interests in consumer goods, fintech, infrastructure and industrials. It has a presence across Asia, Africa, Europe and South America.

Founded in 1948, in 1988, Tolaram Group began exporting to Nigeria instant noodles manufactured by Indofoods of the Salim Group of Indonesia and Maggi of the Nestlé brought

by Indofood as well as its joint venture in Indonesia. Further investments were made in the country when the group absorbed the haulage business of Blackwood Hodge integrating it with its Indomie enterprise to deliver supplies to wholesalers.

Indomie instant noodles gradually thrived in the Nigerian market, significant growth was achieved after the return of democracy in 1999 and the brand soon came to dominate the market.

OANDO PLC Oando Plc has had a remarkable year, earning recognition as a leading energy company in Nigeria. One of its most notable achievements is winning the "Deal of the Year" award at the Africa Energy Week 2024, for its landmark acquisition of the Nigerian Agip Oil Company (NAOC) from Eni, an Italian energy firm, for $783 million.

Under the leadership of its Group Chief Executive, Adewale Tinubu, Oando has demonstrated its commitment to excellence and innovation in the energy sector, transforming from a petroleum marketing company to a formidable integrated energy group, recognised globally for its industry leadership.

Oando became the first African company to achieve a crossborder inward listing on the Johannesburg Stock Exchange (JSE), emerging as Nigeria's first indigenous oil company with interest in producing deepwater assets.

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THISDAY AWARDS...

NOMINEES: PRODUCT OF THE YEAR REMITA

MONIEPOINT

OXYGEN X AFRICA

Remita is a wholly indigenous e-payment and e-collection software solution that was developed by SystemSpecs to address human capital management and other financial services.

Remita has the capacity to send and receive funds from all commercial banks in Nigeria, including over 400 microfinance banks, and other payment channels such as debit cards, mobile wallets and e-wallets, among others.

The software has enabled government recoup several trillions of Naira from the over 17,000 accounts of Ministries, Departments and Agencies (MDAs) of government, while providing multiple entry points for collections. The successful implementation of the federal government’s Treasury Single Account (TSA), though the Remita software, significantly blocked financial loopholes, reduced federal government’s debt servicing costs and aided effective use of surplus cash.

Moniepoint’s recognition as "Bank of the Year" highlights its transformative contributions to Nigeria’s financial ecosystem, particularly in fostering trust and reliability in the banking system.

Serving over 1.3 million businesses and processing approximately $12 billion in monthly transactions, Moniepoint has become a lifeline for SMEs. Its innovative approach includes disbursing over $70 million in working capital loans, addressing critical funding gaps for small businesses. Additionally, Moniepoint’s integrated platform offers payment processing, access to credit, and business management tools, empowering SMEs to thrive.

The company’s commitment to financial inclusion extends to underbanked individuals and businesses, ensuring widespread access to essential banking services. By combining technological innovation with a deep understanding of SME needs, Moniepoint has redefined banking in Nigeria. These achievements underscore its pivotal role in driving economic growth and solidify its position as a leader in the financial sector.

Oxygen X is building Africa's largest, most sustainable consumer credit company by making credit accessible and convenient for hardworking people in Africa, as well as by offering convenient credit solutions for the employed or entrepreneurs, which has undoubtedly revolutionised the digital lending space.

Oxygen X Finance Company Limited, a subsidiary of Access Holdings Plc, has built on the gains of its predecessor, Quickbucks, to expand to 10 million users, offering seamless loans to individuals and businesses through its intuitive app. By introducing AI-driven credit scoring, it halved default rates and disbursed over N500 billion in loans to underserved markets.

Oxygen X has also empowered small businesses, funding 150,000 entrepreneurs nationwide. Its success inspired global recognition, earning awards for innovation in financial inclusion, thus becoming a beacon of progress, bridging financial gaps and driving economic growth across Nigeria.

NOMINEES: INVESTOR OF THE YEAR SHELL

The Shell Petroleum Development Company of Nigeria Limited (SPDC) is a global oil and gas company that is the pioneer and leader of the petroleum industry in Nigeria. SPDC is the operator of the NNPC/SPDC/Total Energies/NAOC Joint Venture and supplies onshore and shallow water oil and gas to domestic and export market from its operations in the Niger Delta.

The SPDC-operated JV supplies about 10% of Nigeria’s domestic natural gas. Today, it aims to produce more natural gas and is working with the government and NNPC to develop four of the federal government’s seven critical gas development projects.

SPDC operates a network of 3,173 kilometres of flow lines and pipelines in the Niger Delta.

TOTALENERGIES

TotalEnergies is a global integrated energy company that produces and markets energies. It is active in Nigeria mainly in oil and gas exploration and production, natural gas liquefaction as well as through our retail activities. TotalEnergies EP Nigeria Limited, TEPNG, an affiliate of TotalEnergies S.E., has operated in the upstream sector of the Nigerian hydrocarbon industry for almost 60 years and has added over 3.6 billion barrels of oil equivalent to Nigeria's production to date. Incorporated in Nigeria in 1962, TEPNG has maintained strong and steadfast partnerships with Nigeria. TotalEnergies as a group is active in the whole value chain of oil and gas: upstream, midstream and downstream.

INDORAMA

Indorama Eleme Petrochemical Limited (IEPL), located in Port Harcourt, Rivers State, Nigeria, is a Group Company of Indorama Corporation. It is a Poly-Olefins producer of a range of Polyethylene and Polypropylene products. IEPL was a 100% subsidiary of Nigerian Government-owned Nigerian National Petroleum Corporation (NNPC) with the name Eleme Petrochemicals Company Limited (EPCL). When the erstwhile EPCL was privatized, under the Privatization Program, the Indorama Corporation emerged as the core investor and acquired the Unit in August 2006. Since then, IEPL has recorded several achievements of smooth & stable operations, enhanced production capacities, winning of several global awards & certifications, and has become a successful model of Nigeria's Privatisation Program.

To be continued tomorrow with - Government Agency of the Year - Philantropist of the Year - Young Global Leaders of the Year - Transaction of the Year - Senator of the Year and - Lifetime Achievement Awards

THURSDAY JANUARY 2, 2025 • T H I S D A Y

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Politics

Acting Group Politics Editor DEJI ELUMOYE Email: deji.elumoye@thisdaylive.com 08033025611 sms only

Ezeokenwa: Dream of APGA’s Founding Fathers Realisable Under My Watch

Savouring his Supreme Court victory in the long-drawn national leadership tussle with a factional group in the All Progressives Grand Alliance, the youthful National Chairman of the party, Sylvester Ezeokenwa, in this interview with Onyebuchi Ezigbo, says he envisions a brand new party driven by the genuine progressive ideology to rebuild the nation. He also expresses optimism that the dream of the founding fathers of party will be realized under his watch. Excerpts:

F

lowing from the Supreme Court judgement which validated your leadership after months of crisis, what is the mood of the party?

I would like to be as brief and short as possible; there are no crises in APGA, and that is the only way I can answer the question. What we had was an artificially engineered INEC crisis, which the Supreme Court has delivered its judgement in our favour, and that is why I said that it was no case at all.

As I said before, I placed this blame on the doorsteps of INEC, and I don’t think that I would go further than that. Why I pointed at INEC was that INEC purported to have enforced a non-existent order of court recognizing a total stranger as an officer of the party. That was what happened and if you take up your dictionary and check up the meaning of faction, you will see that when there is a faction, there is presumptively a group in place and that is either a division or disagreement and that group becomes polarized, not when you are a group still intact, coordinated, still united and some strangers who have no business whatsoever with that group goes about shopping for a court order or court judgement to come and take over the structure of that group and when they couldn’t get it, they now sought the intervention of the supposed umpire.

Let me draw an analogy I did to another cleric.

Incidentally, I always have discussions with many of them because if you know how the Nigerian system works, the average Nigerian man is deeply religious. And I believe that part of the thing you do to foster development is to try as much as possible to bring the religious leaders in agreement with what our development plans are.

As a political party, we have discussions because they wield religious powers over their followers. And I asked a very simple question, and said as the head of the church, can an adherent of another religious group come with a court order to take over your position? He incidentally called me to see how to settle the issue in APGA. The Constitution is the ultimate working document that regulates whether you are an officer, at the wards, local government, or state or national; it is the same constitution that regulates and is abide by everybody.

The party had a convention as demanded

by INEC, and the party notified INEC of the venue for its convention, where executives were elected the following day.

The impostor said he conducted a factional convention, and I said how and under what authority. The President of Nigeria is Bola Tinubu, and we know the people he contested the election with as Nigerian; you know that Alhaji Atiku Abubakar and Peter Obi were all contestants during the poll. Sowore was a candidate, Kwankwaso was a candidate at their various political parties and we knew who got elected. And another day, someone says I have an order from a High Court in Zimbabwe that I am now the President of Nigeria, and everyone just sat back and allowed him to administer the country.

The problem we have in this country is that we condone a lot of madness, and that is why issues like this will keep occurring.

When people ask these questions, I get unnecessarily emotional because we are the enablers of these things. And I blame the media because nobody does inventive journalism anymore, and they should be able to come out and report these things. But sometimes media houses give credence to this rubbish please allow me to use that word. This is a supposed leader, a supposed parent preaching about having a better Nigeria when people can’t come out and say the truth simply because

to the members of the party.

But I can tell you with all confidence, that we don’t have any issue in the party I have repeated it severally and with the good work Governor Soludo is doing in Anambra state, I see nothing that will stop his re-election.

In 2021, before he came into office, he won 19 out of 21 local government areas in the state.

And with the monumental achievement he has recorded in virtually in all the local governments. You see when sometimes people read his CV, I wonder if it is in this country that such person exist.

Because everyone knows the economic situation of the country, what inflation has done to the naira, and invariably to the performance of most Governors in the country because today, most Governors just exist to pay salaries. Yes it is a monumental achievement for a Governor in Nigeria to be able to pay salaries regularly and there are states with a salary backlog of about 30 months. Again, an acceptable norm is new Governor retrenching workers employed by his predicessor. So when Soludo came in he did rather employed over 12,000 workers in addition to the one he met on ground at the current minimum wage of N70,000 and he has stated implementation. In addition to that, he has thousands of projects littered all over the place most of them nearly completed, as at the last count, we have about five hundred and something kilometers of roads fully tarred and upon these, not even a kobo has been borrowed and you said if a man in his right senses will go and face such man in an election, and I won’t be such peron.

Ezeokenwa

they do not know where the next meal is coming from.

It is sad, very sad, but the answer to the problem that I can tell you is one united progressive family, and we are simply interested in how we can contribute our quarter to nation-building, and that is our ultimate vision.

Primarily, we are Nigerians. There is always what the Anambra governor says, and when he does it, I get emotional. He says, “There is the reason why you and I were made to be Nigerians”.

You could have as well come from Chad, if you believe that there is a supreme being who pilots the affairs of humans, then you can find out why God made you a Nigerian instead of a Swedish.

And if you can find out that Divine purpose, that is the only way you can contribute your quarter to nationbuilding, and that is what all of us in APGA are doing.

And we have consistently tried to show Nigeria what we can do, using Anambra State as a model. Unarguably, one of the most popular politicians in

Nigeria today is Mr. Peter Obi, and while people shout Labour Party up and down, I just want to remind them that Peter was a product of the APGA School of Good Governance.

How stable is APGA presently and what plans do you have to improve on the fortunes of the party?

We are firmly in control of the party and we have about 30 other national officers elected along with myself. We are bound to be in office untill the next convention in 2027. If he feels so compelled, because I don’t know what is in his mind, because a man who is trying to enthrone disorder in a political party, cannot have anything worthwhile as his agenda. Because if you are serious about making positive change, then you cannot attempt hostile takeover.

It is that simple, and so if he feels so compelled, he is at liberty to first of all go down to his ward to register as a member because that is the first precondition then you can now aspire to vie for any office. Incidentally all the offices as enshrined in the party constitution are free.

Even you yourself when registered and feel compelled you can aspire to be the Chairman of the party tomorrow. This is what is accrued

APGA as a political party decided to take the bull by the horns by electing very young set of national officers and so instead of talking the talk, we decided to walk the talk but at the same time as I said, everything that you are doing you must be very careful not to derail your achievement and that is where passion, commitment and understanding comes in. So you must be sure that if you are handing over the leadership of the party to any individual, such individual or individuals must be people who are committed to the ideals of the political party.

What are your plans to advance the fortunes of the party?

You know, as a political party, there are limits to what you can do. Before I came on board, I have a program for the party which I call ‘DRIVE’ principle. And that forms the core mandate of what we set out to achieve in office.

First of all D stands for discipline.we felt that the best way to grow the party, is to foster the culture of discipline within the party.

How do you respond to an alleged concentration of APGA chairmanship in Anambra state?

I can tell you something, while we are trying as much as possible to foster a national political party, we equally have to be wary of the risk you run. Because you must juxtapose these arguments side by side because the leaders of your party go a long way in determining the faith of the party.

So, you must be sure of the level of commitment one has to the party and probably that is why the party has decided during the last convention because one mantra that we have all heard, when we were little, was that the youths are the leaders of tomorrow and you keep seeing old men being recycled in various positions of leadership.

And APGA as a political party decided to take the bull by the horns by electing very young set of national officers and so instead of talking the talk, we decided to walk the talk but at the same time as I said, everything that you are doing you must be very careful not to derail your achievement and that is where passion, commitment and understanding comes in.

So you must be sure that if you are handing over the leadership of the party to any individual, such individual or individuals must be people who are committed to the ideals of the political party.

NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

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T H I S D AY • Thursday, JANUARY 2, 2025

Health & lifestyle

Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430

How the Uma Ukpai Eye Centre has Served as a Beacon of Hope in Rural Nigeria

Come January 7, 2025, the father of Pentecostal Christian movement in Nigeria and The President of Uma Ukpai Evangelistic Association (UUEA), Rev. Dr. Uma Ukpai, will be 80 years old. Beyond all his evangelical exploits, Rev Ukpai, the Chairman of the King of Kings hospital and Uma Ukpai Eye Specialists Hospital all in Asaga, Ohafia in Abia State, is mostly remembered for how he has served as a beacon of hope for those in rural communities, especially in Asaga Ohafia in Abia State, where the eye centre is situated. Precious Ugwuzor writes

Dr. Anya Kalu (in blue), after the surgery

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estled in the serene town of Asaga Ohafia in Abia State, Nigeria, lies an extraordinary institution quietly transforming lives across rural communities. The Uma Ukpai Eye Centre, an arm of the King of Kings Specialist Hospital, stands as a testament to visionary leadership, compassion, and a commitment to quality healthcare for all.

Established on February 2, 2016, by the renowned Reverend Dr. Uma Ukpai and his wife, Dr. Philomena, the Eye Centre has become a beacon of hope, offering clinical, surgical, and optical services to those who previously had little or no access to affordable eye care.

A Visionary Mission Guided by Reverend Dr. Uma Ukpai’s profound belief that “a giver will always find favour with God and man,” Dr Anya Kalu MBBCh FMCOph FCAI, Consultant Ophthalmologist & Phaco Surgeon, Uma Ukpai Eye Centre, said the eye centre was purposefully designed to serve over 80 rural communities across six local government areas spanning three states. For these underserved populations, where eyecare was once a distant dream, the centre provides a lifeline.

From the outset, he said the eye centre

was built with a clear mandate: to deliver quality, accessible, and affordable eye care with zero tolerance for error. This unwavering commitment has earned the facility a reputation for excellence, conferring upon the King of Kings Specialist Hospital the true status of a specialist medical institution.

A Legacy of Innovation In 2021, he said Reverend Dr. Uma Ukpai and his wife undertook a remarkable upgrade of the Eye Center, equipping it with advanced technology for Phacoemulsification Cataract Surgery, commonly referred to as “laser cataract surgery.” This cutting-edge technique, rarely available in rural settings, underscores the center ’s commitment to providing world-class care.

The introduction of this technology was met with enthusiasm, even among rural residents, many of whom were already aware of its benefits. “Everyone wants quality,” says Dr. Anya Kalu, the center’s Consultant Ophthalmologist and Phaco Surgeon. “We are very grateful to Reverend and Mrs. Uma Ukpai for this gift of sight to humanity.”

The Uma Ukpai Eye Center is now one of only three facilities in Abia State capable of performing regular Phacoemulsification Cataract Surgery,

and it stands out as a rare example of such a sophisticated service in a rural area.

Training the Next Generation Beyond patient care, the Eye Center is positioning itself as a hub for community ophthalmology training, partnering with higher institutions to groom the next generation of eye care professionals. This forward-thinking approach ensures that the center ’s impact will extend far beyond its immediate service area, creating a ripple effect of improved healthcare across Nigeria.

A Testament to Sacrifice and Service The King of Kings Specialist Hospital, which houses the Eye Center, has been serving the community since its establishment in 1999. Offering 24-hour services across multiple specialties, including internal medicine, general surgery, radiology, and obstetrics and gynecology, the hospital embodies the mission of the Uma Ukpai Evangelical Association: to care for the body while trusting God to heal the soul.

Reflecting on the sacrifices made by

Reverend and Mrs. Uma Ukpai, Dr. Kalu says, “We may not know what sacrifices you have made, but God sees your labor of love and will reward you.”

A Celebration of Life and Legacy As Reverend Dr. Uma Ukpai celebrates his 80th birthday on January 7th, the gratitude of the communities he has served resonates deeply. Through his vision, countless individuals have regained their sight, their dignity, and their hope.

The Uma Ukpai Eye Center is more than a healthcare facility; it is a symbol of what is possible when faith, compassion, and innovation converge. For the rural communities it serves, it is a beacon of light in every sense of the word.

And from all indications, the journey of the Uma Ukpai Eye Center and the King of Kings Specialist Hospital is far from over.

With continued support and innovation, they remain poised to expand their impact, setting a benchmark for rural healthcare not only in Nigeria but across Africa.

As the saying goes, “A river that does not flow out cannot produce good water.” Thanks to Reverend and Mrs. Uma Ukpai, this river of compassion continues to flow, enriching the lives of all who encounter it, Dr. Kalu posited.

Vitafoam Reiterates Commitment to Mother, Childcare •Donates gifts to first babies of 2025 Vitafoam Nigeria Plc, on Wednesday, presented corporate gifts to the first baby of the year at the Lagos Island Maternity Hospital, Lagos.

The presentation was a long- running corporate social responsibility (CSR) initiative by the leading foam and house furniture manufacturing group.

Commercial Director, Vitafoam Nigeria, Alhaji Dahiru Gambo, who led other senior staff of the company for the annual-baby-of-the –year ceremony, said Vitafoam remained committed to mother and child healthcare.

He said the gesture was a way of giving back to the society.

“We consider this a form of CSR. It is our own little way of giving back to the community and also promoting our brand,” said an elated Gambo.

The Vitafoam boss, who revealed that this CSR initiative has been running for five decades now, reiterated the company’s commitment towards supporting the nation’s healthcare through such gestures.

He advised the parents of the newborn to plan adequately for the future of the child and to ensure full potentials in life.

Gambo presented some corporate gift items including mattresses, baby cots, pillows and other house-

L-R: National Sales Manager, South, Vitafoam Nigeria PLC, Oluyide Peters; Father of first baby of the Year, Rabiu Suleiman; Head of Admin & HR, Lagos Island Maternity Hospital (LIMH), Kudirat Saliu ; Commercial Director, Vitafoam Nigeria PLC, Dahiru Gambo; Chief Medical Director, LIMH, Dr Olufemi Omololu and Apex Nurse/HoD, Nursing Services, LIMH, Oluwatoyin Champion, during Vitafoam’s gift presentation to Baby -of -the -Year, at Lagos Island Maternity... on Wednesday hold items to the parents and hospital, in company of other Vitafoam staff, including the National Sales

Manager, Olujide Peters, Brand Manager, Kofoworola Giwa, and others.

The Vitafoam team were

welcomed by the staff and management of the Lagos Island Maternity, led by the Chief Medical Director, Dr. Olufemi Omololu, his deputy, Dr. Simon Bazauye, Apex Nurse, Mrs. Oluwatoyin Champion, Head of Admin and Human Resources, Mrs. Kudirat Saliu, and others.

Speaking earlier, Mrs. Champion said that/ “The first baby of the year, a male child, was delivered at 12.37 am, weighing 4.6kg. He is an active baby doing so well.”

An elated Mrs. Champion commended Vitafoam’s board and management for the good gesture, which she described as worthwhile.

Echoing similar opinion, Dr. Omololu, who expressed his profound gratitude to

Vitafoam said : “ It was heartening to note that Vitafoam usually comes to add a lot of pomp and colour to the first-baby-ofyear-celebration.

“We commend the Company for this CSR and would like to encourage the management and staff of Vitafoam and indeed everybody to continue to have that spirit of giving because when we do that things will get better for us.

We must all continue to help one another for continuous development.”

Expectedly, the parent of the newborn, Rafiu Suleiman, 33, and wife, Mrs. Rashidat Suleiman, 30, were effusive with praises for Vitafoam for their kind gestures.

T H I S D AY THURSDAY JANUARY 2, 2025 20 TR

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& RE A S O

Thursday January 2, 2025 Vol 27. No 10861

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opinion@thisdaylive.com

www.thisdaylive.com

FRENCH TROOP EXPULSIONS IN WEST AFRICA A new era of regional sovereignty? asks FOLAWIYO OLAJOKU

See page 20

EDUCATING A GIRL - CHILD …

It’s an essential strategy for achieving sustainable development,writes KHADIJAT OGIDO

See page 20

EDITORIAL

ISSUES IN THE OGONI OIL SPILL CLEANUP

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ABDULRAHMAN USMAN LEME dismisses Tchiani’s claims as laughable

TCHIANI’S ALLEGATIONS: BETWEEN FACTS AND FICTION

There could hardly be a more transparent work of fiction than the allegations made by Niger’s military leader, Brigadier-General Abdourahmane Tchiani, in his widely discussed Christmas Day interview. In this address, he accused Nigeria of conspiring with France to destabilise his country by allying with militant groups in the Lake Chad region. These unfounded claims have ignited a storm of conspiracy theories, deepened divisions in conversations about peace in West Africa, and drawn ordinary citizens of both nations into a polarising narrative—a lamentable farewell to truth.

For the discerning observer, General Tchiani’s interview is a textbook deflection tactic, aimed more at distracting from the state of affairs in Niger than offering a sincere assessment of the geopolitical challenges the country faces. Such diversions are calculated to weaponise public sentiment against imagined enemies, enabling him to rally popular support and extend his grip on power. Niger’s prevailing struggles— marked by crippling economic sanctions and growing diplomatic isolation—provide a clear context for these baseless accusations, which remain devoid of credible evidence.

The reason General Tchiani’s wild tales have even gained traction in Nigeria lies in the toxicity of internal partisan politics.

Many who know better or have the means to fact-check the claims have preferred to exploit the story to settle political scores or pursue agendas against the very nation they aspire to lead someday. This marks a low point in Nigeria’s political discourse, where opportunism trumps reason, and lies are embraced with little scrutiny.

General Tchiani’s allegations could have been easily dismissed as tales by moonlight.

Yet, the responses from Nigerian officials have been both strategic and potent. From the Minister of Information, Malam Mohammed Idris, to the National Security Adviser, Malam Nuhu Ribadu, and the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, the Nigerian government has demonstrated that it has nothing to hide. These officials effectively refuted the baseless claims while underscoring Nigeria’s longstanding policy of rejecting foreign military bases on its territory.

In his BBC Hausa interview, Ribadu posed a compelling challenge: What benefit could Nigeria possibly derive from destabilising Niger in an already volatile region? He reassured that Nigeria would never partake in a conspiracy to harm its neighbours, including Niger, Chad, and Benin Republic.

Highlighting the historical, cultural, and diplomatic ties between Nigeria and Niger, he dismissed Tchiani’s accusations as unfounded.

The claim of French military bases in Nigeria is one that Niger’s leadership, with its resources for intelligence gathering and access to satellite imaging, could easily verify.

Instead, Tchiani, whose nation is renowned for a history of hosting foreign powers on its

soil and has merely swapped French presence for another foreign power, opted to unleash innocent journalists on a wild goose chase across purported locations of French military activity. Unsurprisingly, these efforts yielded no evidence to support his claims.

The only “proof” of Tchiani’s fairytales came from a video shared by Mahdi Shehu, a disreputable social commentator. Shehu alleged that France was training Nigerian soldiers and claimed this as evidence of collaboration to destabilise Niger. However, a fact-check by Daily Trust revealed the video to be from 2013, showing Nigerian troops arriving in Mali as part of an ECOWAS peacekeeping mission alongside French forces. This revelation undermined assertions of Shehu and his co-travellers in his rush to popularise Tchiani’s narrative.

In pursuit of evidence, local and foreign journalists, drawn by the allure of a “juicy story,” visited communities near the NigerNigeria border allegedly hosting French military bases. What they found instead was a compelling rejection of Tchiani’s propaganda. In locations like Ruwa Wuri, Balle, and Gada, residents unanimously denied the existence of foreign military activity. Vox pops and interviews painted a picture that directly contradicted the junta’s claims.

Even within Niger, General Tchiani’s allegations have failed to convince many.

Nigerien citizens have taken to social media to dismiss his claims as a ploy to deflect attention from his regime’s failures.

After 17 months in power following the ousting of democratically elected Mohamed Bazoum, the junta has made little progress in stabilising the country. On the Muduba Mugani podcast, Nigerien commentator Maidalili Namu accused Tchiani of resorting to propaganda to evade scrutiny and shift blame for his administration’s shortcomings.

Tchiani’s credibility has also been eroded by his inability to address Niger’s pressing economic and security challenges.

Under his watch, the country has faced an uptick in attacks from militant groups, deteriorating infrastructure, and widespread

disillusionment among citizens. Instead of acknowledging these failures, he has chosen to scapegoat Nigeria and other external actors, hoping to unite his fractured base against a fabricated common enemy.

Interestingly,manyNigeriencommentators acknowledge Nigeria’s contributions to Niger’s development, including projects like the Kano-Maradi Railway, and its consistent advocacy for regional cooperation under President Bola Ahmed Tinubu. They are also aware of Nigeria’s principled aversion to foreign military bases, a policy underlined by historical events such as Nigeria’s diplomatic fallout with France over nuclear testing in the Sahara Desert. This deeply ingrained principle of sovereignty and self-reliance in foreign policy continues to guide Nigeria’s approach to international relations.

Nigeria’s role as a critical stakeholder in ECOWAS brings to fore its commitment to regional stability. President Tinubu, as ECOWAS Chairman, has actively championed initiatives designed to restore peace in the region, including efforts to mediate in Niger’s political crisis. It is therefore laughable to suggest that Nigeria, under such leadership, would partake in a conspiracy to undermine its neighbour.

The historical, cultural, and economic ties between Nigeria and Niger further highlight the absurdity of Tchiani’s claims. The two nations share a 1,500-kilometre border and a long history of interdependence, from trade to shared security interests. Communities on both sides of the border are deeply intertwined through kinship, culture, and commerce. Any action to destabilise Niger would inevitably have repercussions for Nigeria, making such an endeavour counterproductive.

Nigeria and Niger are bound by a shared destiny that cannot be undone by the ambitions of an individual. This relationship, deeply rooted in history and mutual interests, has endured despite attempts to drive a wedge between the two nations. The path forward lies in strengthening this bond through heightened awareness of divisive tactics. As Nigeria and ECOWAS await Niger’s reconsideration of its withdrawal from the regional bloc, it is laughable to suggest that Nigeria, whose president currently chairs ECOWAS, would sabotage Niger at a time when efforts are focused on fostering unity and stability in West Africa.

Ultimately, Tchiani’s allegations are a stark reminder of the dangers of misinformation in a fragile region. They also reinforce the place of truth in the face of propaganda. This phase is an opportunity for Nigeria and Niger to rise above this manufactured discord.

Whether through cultural affinity or shared goals, both nations are challenged to counter the divisive narratives that threaten to undermine their longstanding partnership.

Leme is a project management and development consultant

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THURSDAY JANUARY 2, 2025

A new era of regional sovereignty? asks FOLAWIYO OLAJOKU

It’s an essential strategy for achieving sustainable development,writes KHADIJAT OGIDO

FRENCH TROOP EXPULSIONS IN WEST AFRICA

EDUCATING A GIRL - CHILD …

The recent expulsions of French troops from West African countries, including Mali, Burkina Faso, Niger, and Ivory Coast, mark a significant shift in the regional dynamics.

This development presents an opportunity for West Africa to redefine its relationship with France and other external partners, prioritizing regional security, economic development, and political stability.

The presence of French troops in West Africa has been a subject of debate for many years. On one hand, French troops have been instrumental in combating terrorist groups like Al-Qaeda, ISIS, and Boko Haram in the Sahel region. Their military expertise and resources have helped to weaken these organizations and prevent the spread of extremism.

Additionally, French forces have contributed to maintaining stability in regions plagued by conflict, such as Mali and the Central African Republic. Their presence has helped to prevent the escalation of violence and protect civilian populations.

Furthermore, French military cooperation with West African countries has enabled the transfer of skills, knowledge, and technology to local security forces. This capacity building has enhanced the ability of West African countries to address their own security challenges. French businesses also have significant economic interests in West Africa, particularly in the energy and natural resources sectors. The presence of French troops helps to secure these interests and protect French investments.

However, the presence of French troops in West Africa has also been perceived as a form of neocolonialism, where France seeks to maintain its influence and control over the region. This perception fuels resentment and mistrust towards French involvement. Many West Africans view the French military presence as an affront to national sovereignty, particularly when French forces operate with

relative impunity and without sufficient coordination with local authorities.

The reliance on French military assistance has also created a culture of dependence, undermining the ability of West African countries to develop their own security capabilities and address their unique challenges. Moreover, French military operations in West Africa have been criticized for human rights abuses, including civilian casualties, displacement, and mistreatment of detainees.

The expulsion of French troops from Ivory Coast, in particular, highlights the growing desire for regional sovereignty. In a statement, the Ivorian government cited the need to "reorganize" its defense and security architecture, emphasizing the importance of national sovereignty and independence. This move is seen as a significant blow to France's influence in the region, as Ivory Coast has historically been one of France's closest allies in West Africa.

As France reevaluates its military presence in West Africa, it is essential to acknowledge the complexities of this relationship. While French troops have contributed to regional stability, their presence has also been perceived as a form of neocolonialism, undermining West African sovereignty and creating dependence on foreign military aid.

Ultimately, a new era of regional sovereignty in West Africa must be built on mutual respect, trust, and a commitment to African-led solutions. France must adapt to the changing landscape of West African politics and security, prioritizing cooperation, capacity building, and the empowerment of regional security forces. By doing so, France can help foster a more stable, prosperous, and sovereign West Africa, one that is capable of addressing its own challenges and realizing its full potential.

Olajoku,PhD, Governance, Policy, and Strategy Professional, writes from Abuja

Educating a girl-child is one of the most powerful tools for creating a sustainable, equitable, and prosperous society. The girl- child is provided with diverse basic knowledge,skills and training which contribute to national development. An educated child can only grow through a literate woman who has a greater chance of breaking the cycle of social vices by passing good knowledge to her daughter.

There is an adage that says, "Educate a man,you educate an individual,but educate a woman ,you educate a Nation ". This adage summarizes the essence of education to the girl-child.

Investing in girls’education transforms communities, countries and the entire world.

Girls who receive an education are less likely to marry young and more likely to lead healthy, productive lives. They earn higher incomes, participate in the decisions that most affect them, and build better futures for themselves and their families.

Girls’ education strengthens economies and reduces inequality. It contributes to more stable, resilient societies that give all individuals – including boys and men – the opportunity to fulfil their potential.

But education for girls is about more than access to school. It’s also about girls feeling safe in classrooms and supported in the subjects and careers they choose to pursue – including those in which they are often under-represented.

A girl-child is described as a female child between infancy and early adulthood. During this period of the development of the girlchild, she is under the custody and supervision of adults who may be her parents or guardians and siblings who are older and more mature than she is.

According to United Nations Children’s Fund(UNICEF),research has shown that millions of girls do not have access to school despite the concerted efforts to push the cause forward.Okeke, Nzewi and Njoku (2008) identified child labour, poverty and lack of sponsorship, quest for wealth, bereavement, truancy,broken home, engagement of children as house helps, as clogs in the wheel of children’s access to education.

According to UNESCO estimates, globally 129 million girls are out of school, including 32 million of primary school age, 30 million of lower-secondary school age, and 67 million of upper-secondary school age. In countries affected by conflict, girls are more than twice as likely to be out of school than girls living in non-affected countries.

Most of the factors that militate against the girl-child access to education are sociocultural. Many countries on the African continent rank among the poorest in the world. The on-going HIV/AIDS epidemics, over-crowding in cities, tribal warfare and despotic governments have contributed to the degeneration of the beautiful African land into a human rights catastrophe. At the centre of the devastating situation is the girl-child. The girl-children appear to be the most vulnerable and most undervalued members of the society. In a region where many are struggling to get enough food and to stay alive, remain out of reach of the various violent rebel armies, and to care for those stricken with various diseases, a basic education, especially for girl

children, is low on the list of priorities.The right to education,which is a fundamental human right, is frequently denied to girls in some African countries.The then United Nations Secretary General, Kofi Annan, stated that in Africa, when families have to make a choice, due to limited resources, of educating either a girl or a boy- child, it is always the boy that is chosen to attend school. In Africa, many girls are prevented from getting the education entitled to them because families often send their daughters out to work at a young age, so that they can get the additional income they may need to exist beyond subsistence level, and finance the education of sons .

It has been reported in BBC News (2006), that African patriarchal societal viewpoint favours boys over girls because boys maintain the family lineage.

Additional reasons why girls do not have adequate access to education in Africa include the fact that many have to stay home to nurse relatives with HIV/AIDS. That their mothers were not educated is another reason that makes them feel that their daughters do not need education.

Furthermore, some families do not believe in education of girls.

Many women who made it in life today also contributed immensely to the growth of the country and also serving as role model to the girl-child. Women like Funmilayo Ransome-Kuti,Margaret Ekpo ,Grace Alele Williams, Ngozi OkonjoIweala,Flora Nwanpa, Onyeka Onwenu, etc. These women couldn't have achieved it without good education, and were given the opportunity because it's their right.

Malala Yousafzai a Pakistan activist said "let us remember: one book , one pen , one child , and one teacher can change the world ".

Educating the girl- child is not just about going to school to acquire knowledge but to serve as a weapon and a.guide on how to shape her life and also to break the barrier of girl- child not having the right to education.

Michelle Obama said "when women are educated, their countries become stronger and more prosperous.

Investing in a girl- child education is not just a moral imperative, it is an essential strategy for achieving sustainable development and a better world for everyone. ogidokhadijat82@gmail.com

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T H I S D AY

EDITORIAL

Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com

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THURSDAY JANUARY 2, 2025

ISSUES IN THE OGONI OIL SPILL CLEANUP The agency saddled with the exercise should be investigated

he recent publication by the Associated Press that quoted leaked documents of the United Nations, that the Hydrocarbon Pollution Remediation Project (HYPREP) has failed in its assignment is not entirely surprising considering the lack of accountability in government affairs. But it is nonetheless disturbing that the agency established to clean up crude oil spill contamination in Ogoni, Rivers State, has gulped almost $1 billion without much to show for it. As the AP report pointed out, the HYPREP selected cleanup contractors had no relevant experience, while also sending soil samples to laboratories that didn't have the equipment for tests they claimed to perform. In addition, auditors were physically blocked from making sure work had been completed.

Recognising the human and environmental tragedy associated with oil contamination in the Ogoni region – where oil exploration and production began in the 1950s – UN Environment had in 2006 responded to the federal government request to conduct an independent major scientific assessment of the environmental and public health impact of oil contamination, with the agreement and support of other partners. The report’s key findings are “alarming both in terms of human health protection and environmental protection.”

Thereafter, UNEP recommended the creation of three institutions in Nigeria to plan, oversee and implement the clean‐up of widespread oil contamination in Ogoniland. These new institutions would be funded through a proposed Environmental Restoration Fund for Ogoniland, with initial funding for the first five years of US$1 billion contributed by the federal government and the oil industry. The sustainable environmental restoration of Ogoniland, according to the report, would take 25 to 30 years to achieve and require coordinated efforts by all tiers of government in Nigeria. The UNEP report therefore recommended the establishment of an Ogoniland Environmental Restoration Authority to provide central coordination.

This institution would have the mandate to oversee implementation of the clean‐up and manage the Environmental Restoration Fund. The report also recommended establishing a centre in Ogoniland for treating soil contaminated with hydrocarbons and other oil‐related pollutants. If established, the Integrated Contaminated Soil Management Centre (ICSMC) would be a modern industrial enterprise occupying many hectares of land and employing hundreds of people. It would contain an incinerator, thermal desorption unit, soil washing unit, water treatment unit, waste oil treatment facility, and containment cells. On‐site ‘mini treatment centres’ for bioremediation and excavation water would act as staging areas feeding the main soil treatment centre. The mini centres were to be based on a generic design but scaled according to the nature of the pollution at each site.

The idea was that the Integrated Contaminated Soil Management Centre would also be able to cater for future spills across the Niger Delta. Also recommended

by UNEP was the establishment of a Centre of Excellence in Environmental Restoration in Ogoniland that would provide training for the community in aspects of environmental restoration and contract management. It could potentially become a model for environmental restoration, attracting international attention. UN Environment said HYPREP was designed in response to a request from the federal government, following an agreement signed with Nigeria. “This project comes as an integral part of UN Environment’s continuing support to the Government of Nigeria to clean up the environmental contamination in Nigeria and achieve lasting peace in the region.”

Unfortunately, this may not happen because HYPREP has failed to do its job. On account of this, we demand that the government convenes a panel of inquiry with the sole aim of unravelling how the government's HYPREP, saddled with the responsibility of the Ogoni oil spill cleanup, led the country to this shameful and awkward position. The panel should unearth the role played by everyone, including the supervising Federal Ministry of Environment.

It is disturbing that the agency established to clean up crude oil spill contamination in Ogoni has gulped almost $1 billion without much to show for it T H I S D AY

EDITOR SHAKA MOMODU DEPUTY EDITOR WALE OLALEYE MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

T H I S D AY N E W S PA P E R S L I M I T E D

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LETTERS

A PUERILE GAME OF PINS AND NEEDLES

A surge of state-sponsored stupidity recently shot through the illegal military junta in Niger Republic when it mouthed the outrageous allegation that Nigeria and a handful of other West African countries are marching in lockstep with France to sponsor terrorism in the country to destabilize it.

It is an astonishing allegation coming from a country whose parasitism rather than mutualism has been detrimental to Nigeria over the years.

The allegation can be understood in the Igbo proverb that explains the fate of the chicken, which farts and is then pursued by the ground. In 2023, Niger Republic joined West Africa’s ring of coup republics which already included Mali, Burkina Faso and Guinea. The coup plotters took over the government and imprisoned Mohammed Bazoum, the democratically elected but impossibly corrupt president of the country.

The coup in Niger, Nigeria’s closest geographical neighbor, was a devastating blow to the incipient presidency of Bola Ahmed Tinubu who had just become Nigeria’s president and chairman of the Economic Community of West African States (ECOWAS). A democrat in his heart of hearts, the president was never going to be silent or passive about the illegal change of government.

Niger Republic and its renegade military junta is a classic example of the lizard which having just grown teeth is biting its owner hard. When he was president, Muhammadu Buhari ignored critical Nigerian infrastructure to build railways connecting his hometown, Daura, to Niger Republic.

Nigeria’s porous border with Niger has also complicated the insecurity the country is reeling from. Terrorists have continued to pour over the Nigeria-Niger border into Nigeria to destabilize the country. Yet, they have the cheeks to say that Nigeria is sponsoring terrorism in the country.

This allegation smacks of shameless ingratitude to say the least.

It provides more evidence of how reckless military regimes are. It is understandable that Niger Republic resents its former colonial masters for the indescribable depredations that colonialism visited on the country. But why drag Nigeria which has been its greatest benefactor into its historical resentments just because the military wants to clap back at the country for its forceful denunciation of the military coup? While Nigeria cannot actually ignore what is happening in Niger Republic as a destabilization of the country would put Nigeria and the entire West African sub-region in a lot of difficulty, it must now reassess its relationship with the land-

locked and apparently ungrateful country. It is a matter of national pride for Nigeria to refuse to make sacrifices for the country or any other country that will mock her sensibilities especially through the leprous lever of an illegitimate government.

Nigeria’s image may be walking on crutches in the rest of the world. But in Africa and especially in the West African sub-region, Africa’s most populous democracy and economy has continued to play key roles as a stabilizing force. Were it not for Nigeria’s vital contributions to the economy and security of the sub-region, there is no doubt that the sub-region would be in far greater peril.

The outrageous allegations by the military junta in Niger which by all indications has failed, though not unexpectedly, to improve the lives of Nigeriens, again point to the grave folly of military intervention in government.

Military coups have never saved any country but have often succeeded to water the ground for long-term destabilization.

More than ever, it has become imperative that democracy be restored in Guinea, Burkina Faso, and especially in Niger Republic.

There is no other option.

Ike Willie-Nwobu, Ikewilly9@gmail.com

23

T H I S D AY • Thursday, January 2, 2025

BUSINESSWORLD R A T E S MONEY MARKET

A S

REPO

A T

Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com

08056356325

J a n u ar y

S & P INDEX

1 , 2 0 2 5

S & P INDEX

EXCHANGE RATE

OPR

25.34%

CALL

23.25%

INDEX LEVEL

595.26

1/4 to daTE

0.24%

N1,262.85/ 1 US DOLLAR*

OVERNIGHT

25.18%

1-MONTH

21.37%

1-DAY

0.10%

YEAR TO DATE

-10.99%

*AS AT Wed., April 17, 2024

3-MONTH

22.41%

MONTH-TO-DATE

0.24%

MTN, Airtel Lead in Number Porting as Other Operators Record Low Porting Figures

Emma Okonji The statistics released late last year by the Nigerian Communications Commission (NCC), has revealed that MTN and Airtel maintained leading positions in the number of telecoms subscribers that willingly left their original service provider’s network to join other networks in search of better service quality.

While MTN topped the list with 3,624 subscribers that ported from other networks to join its network as at October 2024, also known as inward porting, Airtel followed with 1,747 subscribers

that migrated to its network as at October 2024.

Globacom had 451 subscribers that ported to its network within the same period, and 9mobile had the least porting subscribers of 25 within the same period, bringing the total number of inward porting across all networks to 5,847 as at October 2024.

The statistics explained that the total number of inward porting across all networks in January 2024 was 3,154, and in February, the figure rose to 3,944, before dropping to 1,911 in March 2024. The total porting figure however increased again to 3,669 in April 2024, with a

further increase to 4,657 in May 2024, and dropped again to 3,772 in June 2024. As at July 2024, the total number of inward porting across all networks rose high to reach 6,361, with a further increase to 6,513 and 7,886 in August and September 2024 respectively. Although September was the peak period, the total number of inward porting across all networks however dropped in October 2024 to 5,847.

From the statistics, MTN alone had a total of 2,270 inward porting in January 2024, which increased to 2,989 in February 2024, before sliding to 1,296 in March 2024. MTN’s inward

porting however increased to 2,482 in April 2024, with a further increase to 3,379 in May 2024.

The figure dropped again in June 2024 to 2,655, but increased to 4,238 in July 2024, with another drop in figure to 3,617 in August 2024. MTN’s inward porting increased again September 2024 to 4,987, before dropping to 3,624 in October 2024.

Airtel alone had a total of 541 inward porting in January 2024, which increased to 682 in February 2024, before dropping to 343 in March 2024. Airtel’s inward porting figure increased again to 784 in April 2024, but dropped again in May and June

2024 to 766 and 698 respectively.

The Airtel’s inward porting figure re-bounced in July to reach 1,629, with a further increase in August 2024 to 2,287, before sliding a little in September 2024 to 2,205, with a further slide in October 2024 to 1,747.

Number porting is the movement of subscribers’ telephone number from its original network to a new network in search of better service quality, while still retaining the same telephone number on the new network.

While inward porting can be described as the movement of

telephone numbers from another network into a new network, outward porting is the movement of telephone numbers from its original network, into another network. Subscribers are allowed to move telephone numbers from one network to another in search of better service quality, while still retaining the original telephone number on the new network, irrespective of the change in service provider’s network. The porting low however stipulates that a subscriber must remain on the new network it ported to, for a period of 90 days before another porting process could be initiated.

Report: Real-time Payments to Boost Africa’s Leading Economies, Unlock over $15bn in GDP Growth by 2028 Emma Okonji ACI Worldwide, an innovator in global payments technology, in collaboration with The Centre for Economics and Business Research (Cebr), has released its latest report, revealing how real-time payments in Africa will enable access for unbanked and underserved communities in Africa’s leading economies such as Nigeria and South Africa.

According to the report, real-time payments are projected to contribute more than $15 billion in additional GDP growth to Nigeria and South Africa by 2028.

The report leverages data from 40 countries and

reveals, for the first time, an empirical link between realtime payments and financial inclusion.

“Real-time payments drive economic growth and give citizens access to fast and affordable financial services.

Real-time payments also increased GDP across all 40 countries surveyed by $164 billion in 2023, equivalent to the labour output of 12 million workers. Additionally, the associated financial inclusion uplift experienced by many countries as a result of increasing realtime transactions presents significant new revenue opportunities for financial institutions,” the report said.

It further said: “As Africa’s

largest real-time payments market, Nigeria is reaping the biggest economic benefits, with real-time payments contributing $7 billion of additional GDP growth in 2023, which is expected to grow to $15 billion by 2028.

The share of the banked population in Nigeria is expected to increase by 6.5 per cent between 2021 and 2028, placing Nigeria in the top five nations worldwide for inclusion uplift and representing a potential increase of $40 billion in profits for banks.

“The potential for banks extends beyond regions with large unbanked populations. By 2028, South Africa, already at 84 per

cent banking penetration, could add 425,000 previously excluded individuals to the financial system. This modest 0.8 per cent growth represents a remarkable $899 million profit opportunity for banks. As Africa’s second-largest economy, South Africa is also a rising leader in real-time payments, with their contribution to GDP expected to more than double to $486 million by 2028, highlighting the transformative power of financial inclusion and innovation.”

Analysing the report, Senior Vice President of Sales for MEASA at ACI Worldwide, Santhosh Rao, said: “Africa offers immense potential

to transform its financial ecosystem through real-time payments. Real-time payments bring more than convenience – they are a catalyst for economic empowerment, enabling citizens and businesses to access affordable, seamless financial services that drive growth and opportunity.

Amplifying this transformative potential is the collaboration between Africa’s visionary entrepreneurs, innovators and governments. Together, they are laying the groundwork for an inclusive and sustainable future, where shared vision and cooperation become the engines of progress and prosperity across the continent.”

Globally, real-time payments

are expected to contribute $285.8 billion in additional GDP growth, representing a 74.2 per cent increase over five years, and creating more than 167 million new bank account holders by 2028, the report further highlighted and explained how the real-time payments present a win-win proposition for everyone globally, not just for the financial sector but for the wider economy.

With nearly 50 years of trusted payments expertise, ACI Worldwide combines its global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.

M a r k e t d ata A s at W e d n e s d ay, J a n u a r y 1 , 2 0 2 5 BILLS

BONDS Description Price Yield Change Updated Time (%) ^13.53 23January 95.80 23.52 0.34 1, MAR-2025 2025 ^12.50 22January 92.31 19.39 0.03 JAN-2026 1, 2025 ^16.2884 17January 102.49 18.95 -0.02 MAR-2027 1, 2025 ^16.2884 17January 95.25 18.77 0.00 1, MAR-2027 2025 ^19.94 20January 101.60 19.08 -0.01 1, MAR-2027 2025

Maturity NTB 24-Oct24 NTB 7-Nov24 NTB 5-Dec24 NTB 9-Jan25 NTB 6-Feb25

Discount Yield

Change (%) Updated Time

Maturity

19.29

19.38

January 0.84 1, 2025

19.67

20.06

January 1.30 1, 2025

AFRI CP II 21-OCT-24 FBNQ CP

20.04

20.77

January -1.06 1, 2025

20.50

21.71

January -0.31 1, 2025

22.51

January 0.34 1, 2025

20.88

OTC F X F U T U R E S

CPs

XXVII 25-OCT-24

UACN CP VIII 3-DEC-24 CTIL CP XIV 20-DEC-24 CPST CP X 14-FEB-25

Discount Yield 26.54

26.91

21.97

22.27

23.58

24.56

23.35

24.59

23.81

26.10

Change (%)

Updated Time

January 2.44 1, 2025 January 2.31 1, 2025 January 1.07 1, 2025 January 0.51 1, 2025 January 0.19 1, 2025

Contract Current Tenor Contract Rate ($/₦) (Month) NGUS OCT 13M 29 2025 NGUS NOV 14M 26 2025 NGUS DEC 15M 31 2025 NGUS JAN 16M 28 2026 NGUS FEB 17M 25 2026

Updated Time

January 1, 2025 January 1, 2025 January 1, 2025 January 1, 2025 January 1, 2025

24

Thursday, January 2, 2025 • T H I S D AY

BUSINESSWORLD

INTERVIEW

Okpalanedu: Software, Hardware Training Will Boost Devt Chief Executive Officer, Gadgethub Limited, Constantine Okpalanedu, speaks to Emma Okonji about his over 16 years of commitment to tech innovation, techtrend adaptation, software and hardware training, among others. Excerpts: As a Political Scientist turned techpreneur, what motivated your choice of career in the tech space and what has been your impact on the technology sector? s a Political Scientist turned tech entrepreneur, my transition into the technology sector has been nothing short of transformative. My deep-rooted belief in technology as a powerful catalyst for social change and empowerment has shaped every aspect of my journey. While my academic background in political science provided me with a comprehensive understanding of governance, societal structures, and human interactions, it also heightened my awareness of the pressing challenges we face as a society.

It became increasingly clear to me that technology holds the key to scalable and innovative solutions, particularly in emerging markets like Nigeria. In essence, my motivation for venturing into tech business can be distilled into several key themes: Passion for problem-solving. I have always been driven by a desire to tackle real-world challenges head-on. Technology: With its unparalleled ability to revolutionise access to information and enhance business operations, seemed like the ideal platform for me to make a meaningful impact.

Desire for impact: The potential to create a product or service that could positively affect the lives of millions captivated me. Inter-disciplinary skills: My background in political science armed me with invaluable skills such as analytical thinking, strategic planning, and the foresight to anticipate societal trends. These skills have proven essential in navigating the complexities of building a successful tech-enterprise. I was excited about the chance to push boundaries, solve tech related problems , and make a lasting impact on society.

The impact of my endeavours in the technology sector can be summarised through key achievements such as pioneering IT services and products. As the founder of Gadgethub Ltd, I have led efforts that provided individuals and businesses with cuttingedge technology solutions. Our innovations have significantly enhanced productivity and connectivity, empowering our clients to thrive through our e-commerce platform, www.gadgethubng.com. We have democratized access to quality, affordable tech tools for small and medium enterprises. This access is vital for fostering growth and enabling entrepreneurs to scale up their businesses.

connectivity, and access to collaborative workspaces or technology hubs. Providing tax breaks or holidays for small businesses during their formative years can alleviate financial pressure considerably. The proposed tax reform bill has the potential to significantly benefit small businesses and support their sustainability.

On a special note, I would like to express our gratitude to the Lagos State Employment Trust Fund - www.lsetf.ng for their invaluable support.

Through this initiative, our company, Gadgethub, has successfully accessed an SME loan at a favorable single-digit interest rate of 9 per cent, with a repayment schedule stretched over 18 months, enabling us to continue our journey of innovation and growth.

A

Emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML) are fast driving innovation across different sectors. How are you leveraging AI to drive innovation?

At Gadgethub limited, we are at the forefront of embracing artificial intelligence (AI) as a transformative tool that fuels innovation and delivers significant value to our clients and customers. The integration of AI into our operations encompasses a variety of critical dimensions. We are revolutionising customer interactions by employing AI-powered chatbots and virtual assistants throughout our platform. These intelligent systems provide personalised support and ensure quick resolutions to inquiries, creating seamless customer experience.

What are some of the activities of Gadgethub that stand it out?

At Gadgethub, we specialise in providing a comprehensive range of technology supplies, hardware, and software solutions. Our services include the installation and remote management of IT systems to address our clients’ technological needs effectively while they focus on their daily operations.

Additionally, we conduct thorough reviews of emerging technology trends, which we disseminate through our social media channels and blog platforms.

We also offer training programmes for undergraduates in both hardware and software disciplines.

Furthermore, we provide our clients with expert technical advice at no cost, assisting them in selecting the most suitable products and software to enhance their business operations.

We are in a fast technology age. How has Gadgethub positioned itself to be at the forefront of tech innovation?

At Gadgethub, our core competency lies in addressing the contemporary demands of technology products and services. We accomplish this through a diverse team of seasoned IT professionals, each possessing extensive experience in the field. Our team actively participates in seminars and technology trade fairs, both domestically and internationally, to remain informed about the latest advancements and trends in the technology space.

What makes Gadgethub unique in the IT space?

The three core principles that distinguish us are

Okpalanedu trust, timeliness, and teamwork. We consistently endeavour to exceed our clients’ expectations.

In essence, we are committed to upholding trust and excellence in our daily operations.

Furthermore, one of our fundamental values is our responsibility to contribute positively to the environments in which we operate. We conduct ourselves with integrity, even in the absence of oversight. Ultimately, we regard God as our greatest strength and partner in our endeavours.

What are some of the major projects that spurred high moments in your career?

Some of our major projects that spurred high moments, include: the successful installation of alternative power solutions, specifically solar power, and closed-circuit surveillance (CCTV) systems at the Chief Tunde Afolabi Infectious Disease Centre, University College Hospital, Ibadan during the COVID-19 pandemic in 2020.

The project was subcontracted to Gadgethub

by Xspeedo Integrated Services Ltd. Secondly, we were part of government intervention by successfully installing intelligent disinfectant channel machines in various companies and government institutions throughout the same Covid period.

Additionally, one of our high moments was when we conducted consultancy services and market intelligence surveys for Chikason Group and other investor companies interested in investing and gaining a share in the Nigerian technology market.

Lastly, we have consistently provided significant cost advantages to numerous companies and institutions, facilitating substantial savings in their procurement of IT products and services.

What is your advice for the youths that see you as their role model?

In everything you pursue in life, priorities your faith—put God first and let that guiding principle shape your actions. Alongside this, focus on working smart rather than just hard; remember that there are no shortcuts on the path to true success. Surround yourself with friends and associates who engage in legitimate business practices, as this can provide a positive and supportive environment. Maintain a low profile and steer clear of controversies; by consistently making the right choices, you will find that divinity may very well come your way.

As we progress, I would like to take this opportunity to sincerely thank our esteemed customers and clients for their continued support and trust in our services. We also extend a warm invitation to other businesses to join our growing list of clients. Companies should be

rest assured that we are committed to delivering exceptional satisfaction and fostering a prosperous partnership with them in 2025.

Most times, people use emerging technology tools for the wrong things like hacking.

What is your take on this, and how will you advise against the negative use of emerging technologies?

First is to encourage ethical awareness. It is crucial for developers and users to embrace ethical frameworks and fully comprehend the implications of their actions. A proactive approach to cybersecurity must be adopted by all users. It is essential for governmental bodies and technology organisations to establish and enforce laws that impose penalties for the misuse of technology while simultaneously fostering an environment that incentivises responsible innovation, and promote positive applications. For instance, the use of AI in advancing healthcare, blockchain technology to enhance transparency in transactions, and the role of Internet of Things (IoTs) in modernising agricultural practices are powerful examples that can motivate users to leverage their skills for constructive purposes. Educate the general public. about the potential risks associated with misuse, can empower members of society to identify and avoid unethical behaviours when engaging with technology.

We should prioritise the culture that encourages responsibility, transparency, and with that, we can unlock the full capabilities of emerging technologies for the benefit of all while simultaneously mitigating their potential negative consequences.

What is your view about government support for small tech businesses in Nigeria, and what form of government policies do you think will enhance the growth of small businesses?

As a passionate business owner in the dynamic tech sector, I firmly believe that robust government support for small businesses is essential for nurturing innovation, creating job opportunities, and fueling economic growth. However, many small tech enterprises in Nigeria grapple with considerable obstacles, including limited access to funding, insufficient infrastructure, and erratic policy implementation that hinder their progress.

It is crucial for the government to initiate targeted programmes such as tech funds and grants, low-interest loans, and venture capital funds, specifically designed for tech startups For small tech businesses to thrive, they require an environment conducive for productivity. This involves reliable electricity, affordable internet

How will you describe the business environment in 2024, and what are your expectations and projections for 2025?

The Nigerian business landscape in 2024 has been characterised by a complex interplay of significant challenges coupled with promising avenues for growth. Here are my detailed observations for the year: The relentless grip of persistent inflation, alongside soaring interest rates, has significantly elevated the overall cost of conducting business in Nigeria. This economic strain has compelled many enterprises to reassess their operational strategies to maintain profitability.

With anticipated reforms and burgeoning international partnerships, there is optimism that Nigeria could experience improved macroeconomic stability in the near future. These advancements could lead to a reduction in inflation rates and enhanced liquidity in the foreign exchange market, creating a more conducive business environment. As the internet penetration deepens and the rollout of 5G technology accelerates, the adoption of emerging technologies like Artificial Intelligence, the Internet of Things (IoT), and Blockchain, is expected to gain considerable momentum. This technological leap will foster an innovative ecosystem ripe with opportunities. In parallel, the demand for cloud computing and cybersecurity services is projected to soar as more businesses transit into the digital realm, highlighting the importance of safeguarding data and information.

What is your take on Nigeria’s digital transformation initiative, and how will the initiative benefit small tech businesses in Nigeria?

Nigeria’s digital transformation initiative, spearheaded by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, marks a pivotal moment in the country’s journey into technological advancement. The initiative aims not just to enhance innovation, but also to streamline operations and stimulate significant economic growth for small tech businesses. The benefits of the initiative are abundant and multifaceted. The Nigerian government is prioritising the expansion of broadband accessibility and the overall digital infrastructure. The commitment resulted in a more stable and accessible platform for tech enterprises.

Startups can capitalise on improved connectivity to deliver their products and services with greater efficiency, ultimately enhancing customer experiences and operational workflows. The Minister has delineated nine crucial policy initiatives that are set for review and implementation. These policies hold the potentials to significantly empower small tech businesses, providing them with the structure and support necessary to up-scale their operations and innovate without constraints. By nurturing local talent, the initiative ensures that tech businesses have access to a continuous stream of capable professionals who can drive their growth and innovation and broadened market access.

Nigeria currently has a high rate of digital skills dearth. What in your view should the government and the private sector do to address the challenge?

Nigeria’s digital skills gap presents a formidable barrier to the nation’s economic growth and its competitiveness on the global stage. To effectively tackle this pressing issue, a comprehensive set of work plans are necessary for both the government and the private sector to undertake: national digital skills strategy. Government should prioritise the creation and implementation of a robust national strategy focused explicitly on digital skills development. This strategy must emphasize the importance of technology education, continuous up-skilling, and the concept of lifelong learning, ensuring that all citizens have access to the digital knowledge necessary to thrive in a rapidly evolving job market.

It is crucial to allocate substantial funding towards enhancing ICT infrastructure, which includes the installation of reliable internet access across both rural and urban areas, thereby bridging the digital divide.

Improved connectivity is essential for facilitating access to digital education and resources.

25

T H I S D AY • Thursday, January 2, 2025

BUSINESSWORLD

INTERVIEW

Oyerinde: Tax Reform Bills Should Be Passed into Law without Further Delay The Director General of the Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, in an exclusive interview with THISDAY shared his expectations for the economy in 2025 and why the tax reform bills should be passed into laws without further delay. Dike Onwuamaeze brings the excerpts What are your expectations for the Nigerian economy in 2025 and beyond? e view 2025 with optimism following the reforms of the federal government and some critical developments in the economy.

With the monetary and fiscal reforms being steered by the Presidential Committee on Fiscal and Tax reforms; the commencement of domestic refining by Dangote Refinery and the “resuscitation” of Port Harcourt Refinery and Petrochemical, and other measures being implemented by the government, there is no doubt that 2025 could be a year to herald our economic recovery.

If there are no new negative developments (externally and internally), we expect to see remarkable improvement in the economy from the second half of 2025 going forward.

We expect that domestic supply and price of fuel will become stable with a positive effect on the value of Naira as importation of refined fuel is drastically reduced.

ties of the government are. For us to play effectively within the context of the African Continental Free Trade Area (AfCFTA) we must increase our capacity to produce. It is as simple as that. And our production must also be competitive. How will our products compete with those from Ghana or Ivory Coast where their government subsidies the cost of infrastructure? If we do not deal with these issues, our businesses will remain uncompetitive and we will be playing second fiddle within the context of maximising the opportunities offered by the AfCFTA.

W

What is your view about the minimum wage?

The President has signed the new minimum wage into law. But it is justifiable to say that the recent economic issues like the increase in the cost of living, removal of subsidy from electricity, etc. has really affected the reality of the N70,000. We are hoping that the economic situation will improve so that the value of that N70,000 can actually take the average worker home.

How do you see the future of labour and industrial harmony in Nigeria?

It has faced its challenges really from strikes to sympathy strikes. The protracted issues between Academic Staff Union of Universities (ASUU) and government seemed not to be going away. The polytechnic lecturers, including their non-academic staff, have their issues. At the point it is like the centre will not hold. But we have continuously advocated for social dialogue and will continue to advocate for it. We will continue to advocate for good faith among the tripartite and social partners or negotiating partners in whatever context.

All of can abide by the basic principles of negotiations and allow national interest to guide all our engagement on the long run.

What is your view on the passage of Tax Reform Bills which have been stalled for some time now due to raging controversies?

For many years we have complained about multiplicity of taxes, levies and fees. When we say that businesses are paying over 60 different taxes, levies and fees, some people think that they are just statistics. But there are researches to back that up. The advent of the Presidential Advisory Committee on Tax and Fiscal Policies is a welcomed development for us. Its work is also one of the credible milestones and legacy that the President Tinubu’s administration will leave for us as a country.

Beyond the religious or sectional interest that have dominated the conversations, we think that the committee has done a credible job. We believe strongly that the bills meant well for an average Nigerian, businesses and every critical stakeholders within the context of this country. We urge that people should take time to read the contents of the bills and make constructive contributions within the context of those areas they felt that needed to be rejigged, amended or be reviewed. But the bills represent the directions that we need to be going at least within the context of our economic development.

What is your advice to the politicians agitating against the tax reform bills?

My advice is that they should take a second look at the bills. We cannot just throw the

Oyerinde

baby away with the bath water. What are their areas of concerns so that the chairman of the committee will give clarity so that we can have consensus. But delaying the bills for religious, sectional or political reasons will not do this country any good.

How far has Nigeria’s regulatory environment improved in the passing year?

It has not really improved. A lot is still needed to be done. Recently, we heard the Minister of Aviation and Aeronautical Development complaining about the activities of one of the regulators, the Federal Competition and Consumer Protetion Commission (FCCPC), that their actions and comments were reckless. If that could happen at the federal government’s level you can now imagine what the private sector is facing.

Regulation still remains a critical bottleneck in the context of the growth of the private sector. It creates problems and confusion for an average business owner. And for the investor that is coming to put his money within the context of this economy, if there is no clarity within the context of these regulatory engagements then there is no way those investors will come here. And it is unfortunate that we still have regulators that have taken it upon themselves to rather focus on slamming penalties, or in the extreme becoming undertakers of legitimate private businesses in this environment. Regulation is not the problem but the activities of the regulators are major problems that private sector is facing. Regulators must facilitate business and view their roles as developmental rather than being punitive on organised businesses.

What are your views on the recent stakeholders’ meeting with the Minister for State for Industry on how to move the manufacturing sector and OPS forward?

First, we want to commend the Minister of State for Industry for making that to happen and also the substantive Minister of Industry, Trade and Investment for her engagements with us thus far. I think that it was a productive engagement really and we are happy that the minister listened

and his team harvested the issues and recommendations from the organized private sector.

They also gave us the assurance that those issues should be addressed. There is also the commitment that the engagement will be continuous and not just a one-off engagement. He also gave us the commitment that the conversation will be action driven so that all stakeholders can track the outcomes on those issues.

We also emphasised that the Fedareal Ministry of Industry, Trade and Investment (FMITI) can play a definitive role in the context of driving this economy out of the woods. If it will address the basic fundamentals and enable manufacturing and other sectors to grow it will have a direct impact on our GDP and our ability to be competitive within the context of the AfCFTA implementation.

One of the issues that were raised was access to foreign exchange and power tariff. Do you expect a special package for manufacturers in these areas?

It is a matter of exactly what the government wants to achieve and what its priorities are. We think that the only way to address the challenge of access to foreign exchange is to increase its supply. As long as the scarcity in supply persists you will continue to experience deteriorations in the value of the Naira. If we do not address these fundamentals, we will just be going in circles. Another way is to address it is for manufacturing to produce sufficiently enough to export.

The second issue is power. It is quite unfortunate that we find ourselves in this quagmire of the national grid collapsing as if it is a joke almost every other week. We should not put the cart before the horse. If the government wants to increase tariff for electricity, it should fix its supply first.

What is the way out of the power supply problem, especially the Band “A” issue, which the manufacturing association has challenged unsuccessfully in the court?

It still boils down to what the priori-

What measures will the government take to address the challenges hindering exportation of manufactured goods from Nigeria?

The first thing is to improve infrastructure within the context of power, road and provide the critical elements that manufacturing needs like access to foreign exchange for importation of inputs. Government must also go beyond paying lip services and support businesses that are willing and committed to investing in backward integration. These will position Nigeria to be a net producer and exporter.

Currently the Raw Material Research and Development Council is pushing for the passage of a bill that will make it mandatory that every raw material extracted from the Nigerian soil must attain at least 30 per cent value addition before export. What is your view on this?

I think that is the way to go because you need to add value to aximize your earnings from these raw materials. Otherwise you will be doing the hard work and allowing those that will buy from you to rip the benefits.

Consumers buy value. You buy cocoa not for the sake of cocoa but the chocolate and beverages you will derive from it.

What are the highpoints of NECA’s contribution in 2024?

One of the biggest things we have done is to assist our members to navigate the murky waters of regulations, legislations and the challenging business environment. We have helped our members and have engaged on behalf of our members at the risk of being termed adversarial. We have protected and advanced the course of organised businesses because we know that organised businesses must thrive for this economy to thrive. We have helped to develop technical and vocational skills for young Nigerians. Our footprints are everywhere for all to see.

How far is the problem of legislative interference on the operations of organised businesses?

It is still an ongoing issue from one committee to the other that it is now becoming so distractive. Our view is that there are executive agencies and authorities that have been created to interface with organised businesses.

If there is infraction, the National Assembly should allow these agencies to deal with it.

Otherwise it will be weakening the agencies.

The oversight functions of the National Assembly should be limited to agencies where government has appropriated funds. Not on private businesses.

Some exporters are complaining about hurdles they experience in exporting goods even though the government talks about encouraging non-oil foreign exchange earnings?

First we need to share necessary information with Nigeria Export Promotion Council and the FMITI. It is the responsibility of any business that wishes to export to get all the basic information it would need, especially basic qualities products must have before they will be exported.

26

Thursday, January 2, 2025 • T H I S D AY

BUSINESSWORLD

Brands

Season Greetings as Connecting Tool Beyond felicitating with the good people of Anambra State, an instagram reels produced by the state government to identify with ‘Ndi Anambra’ in the yuletide season, achieved more as it captured a few activities and legacy projects of the Charles Soludo administration. Raheem Akingbolu reports

I

n the spirit of the yuletide season, Anambra State Government, had, a few days before Christmas unveiled a unique season greeting to convey festive well wishes during the holiday, encompassing Christmas and New Year celebration.

Like in other states, the season greeting was not new to people of the state but the 2024 edition appeared different, unique and intentional. A few hours after it was dropped, it became an instant hit, both online and offline, generating conversation and driving traffic. Though a short video, the agency behind the campaign-like greeting creatively adopted a storytelling style to interact with ‘Ndi Anambra’.

“Welcome…the solution is here” was the opening message in the season greeting, which was used to welcome ‘Ndi Anambra’ in Nigeria and abroad to their country home during the festive period, but it cleverly emphasised the Soludo administration’s approach to governance.

In a clear term, it moved on to state that the solution in Anambra resonates with the excitement of the season, bringing to the fore the news about the 700 kilometers of roads awarded so far in Anambra under Governor Soludo and another 405 kilometers already completed. It went on to touch on the 83,000 successful free deliveries under the free antenatal and delivery programme.

The campaign also reminded the people of the state about the over 8,000 qualified teachers employed in Anambra to attend to the needs of primary school pupils and secondary school students in towns and villages.

The greeting also reflected on the government’s achievement in the health sector, youth empowerment and other areas.

In the print version, with Governor Soludo in a Christmas mood, the campaign also began with “Welcome Home!” with “Ndi Anambra…Solution

is here” as a payoff. Again, the campaign was maximally used to also tell stories about various developmental achievements of the government. “We are investing in the future of Anambra children by building smart schools across the state,” the first material declared.

Then the second one stated emphatically that “From hiccups to ease-off, the new network of roads are smoothly tempting. Drive safely and enjoy the season.” This appears tricking but it was intentional to achieve two things; reveals the good state of the road, cautions the road users on recklessness and felicitates with the people.

In reference to the ‘New Solution City’ concept of the state and other infrastructural developments recorded under the current administration, the campaign simply stated, “From a departure lounge to a destination, Anambra is now a one big construction

site.” On security, another material was used to remind the people that the government is putting in the work to ensure the people have a relaxed, peaceful and secured home.

Obliviously, Anambra State is the biggest home of innovation in Nigeria and this was cleverly referenced. From Nnewi to Awka and Onitsha, Anambra state boasts of creative minds that are daily churning out beautiful products that compete in the global markets. This was captured where one of the campaigns declared, “From vision to reality. We are building Africa’s largest invention hub -Solution Innovation District.”.

Within and outside the state, analysts have described the state’s 2024 season greeting as a deviation from the old ways of doing things to a more interactive and engaging concept that speaks volumes of the fertile mind of Governor Soludo and the eggheads at the agency that conceptualised the storytelling campaigns.

Insurance Sector for 2025 Outlook

Latest developments in insurance sector have raised high hopes among insurers that 2025 will be a year of good opportunities, writes Ebere Nwoji

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s business operators in various sectors open shops for start of another business year in 2025, insurance operators are starting the new year with enthusiasm, high hopes and new dreams.

To the insurers, 2025 is a year of uninterruptible recapitalisation and renewed legislation that will dismantle every stronghold that has held the sector hostage against its growth and developmental dreams.

Their optimism in the new year is no doubt anchored on the passage, late in 2024, of the Nigerian insurance Industry Reform bill by the upper legislative house and perhaps huge amount of N4 trillion allocation to infrastructural development by federal government in the 2025 appropriation bill which the presidency presented to the joint session of the National Assembly, shortly before proceeding on Yuletide holidays.

The insurers are optimistic that if the budget is passed into enabling Act, some portions of the infrastructural fund would definitely hit their vaults through insurances of those projects.

Insurers Source of Hopes The insurers believed that with the passage of the reform bill, going by the speed with which the present administration treats economic matters on its table, the bill will this time secure presidential ascent.

They also believe that once the bill gets ascent from the presidency, the insurance sector is good to go in its efforts to secure its pivotal position in the finance services sector of the economy .

According to the sector regulator, the National Insurance Commission (NAICOM), the Nigeria Insurance Industry Reform Bill 2024, if signed into law, would unlock the growth, prosperity, and potential of the insurance sector. NAICOM is of the opinion that the passage of the bill by the National Assembly has already marked a significant milestone in the country’s efforts to revamp the insurance industry after nearly two decades.

Describing the bill as a game changer for the Nigeria’s insurance industry that is going to have high positive impact on the contribution of insurance sector to the country’s GDP and economy as a whole, NAICOM said by consolidating existing insurance laws, the new legislation marks a new era in the ongoing efforts to strengthen the Nigeria’s insurance industry.

Highlights of the Bill Key highlights of the legislation which ignited fire of hope on insurers in the new year and beyond include the enhanced capital requirements in the area of new

minimum capital requirements for insurance companies, requiring insurance companies to be adequately capitalised to underwrite risks and protect policyholders.Risk-Based Supervision, strengthened consumer protection, streamlined regulatory framework among others.According to the commission, this achievement comes after years of operating with laws that have failed to keep pace with the country’s evolving economic landscape. This is unlike other sectors that have undergone multiple phases of legislative reforms to reflect current economic realities. With this hopes, insurers said the sky would be their limit in realising their dreams on the growth of the industry.

Already, even before the passage of the bill by the law makers, some insurers have embarked on self recapitalisation by upgrading their capital from the present statutory level, which inflation and exchange rates have reduced to nothing, to a new level.

Nneed for recapitalisation Presently, insurance firms’ minimum capital requirements stand at N2billion for life underwriters, N3 billion for general business, N5 billion for composite firms and N10billion for reinsurers. But in the new bill, the regulator is seeking to increase it to N10 billion for life underwriters, N15billion, for general business underwriters, N25 billion for composite firms and N35 billion for reinsurers. Both insurance managers and their regulator believe that if the insurance bill receives presidential ascent, the sector will be robust enough to underwrite some of the big ticket accounts that are often flown abroad due to low capacity of indigenous firms.

Indeed, both the operators and regulator have come to agree that if there is anything the insurance sector needs most in the new business year, it is the recapitalisation exercise if the sector must continue to exist. Also, the industry is determined in the new year to make use of technology to block every loop hole through which business slip off operators’ hands.

The Chairman, Nigeria Insurers Assciation(NIA), Mr Kunle Ahmed, has said that the association would through technology end the era of claims fraud and controversy over claims payment between the industry and insuring public by exploring the possibility of digital collation and tracking of claims payment to delight

customers and reduce insurance fraud.

Also, going by what the insurance commissioner said the industry will from 2025 cease from reflecting figures of unpaid claims in their accounts book.

Outside Nigeria’s shores, a peep into the insurance markets of other countries shows that similar difficulties and challenges that faced Nigerian markets also obtains, leaving them with ernest search on how to make the difference in the new year.

Deloitte’s Outlook: Deloitte in its outlook report on global insurance, especially the US market, said as risks become more complex and unpredictable and consumers more empowered, particularly with generative AI tools at their fingertips, insurers can no longer evaluate risks through the rear-view mirror. They should continue to evolve the way insurance works and how they interact with customers and distributors.

The report noted that it is becoming increasingly important for carriers to elevate technological and operational excellence, innovate product solutions and broaden the insurance value proposition—making the insurance safety net more reliable, accessible, and resilient.

Deloitte said by modernising and streamlining infrastructure, operations and business models, insurers can develop a more forward-looking approach to risk modeling, assessment, analysis and mitigation.

“As insurers evolve their business models, it will be important to maintain trust with the customers and markets they serve. For example, after a period of consumer “sticker shock” from large non-life premium increases, coverage pullback, and fears of surveillance from advanced technologies, the industry may first need to rebuild goodwill among stakeholders to help support their objectives. Indeed, machine learning and AI can amass and analyse vast amounts and sources of data, but insurers should provide transparency and fairness to help make these approaches acceptable to consumers and regulators.”

It noted that amidst this transformation, new tax rules are expected to present challenges and opportunities for insurance tax departments around compliance, including strategies around data collection, reporting, scenario planning, and corporate restructuring.

It said, against this backdrop, insurers may also need to consider changes

to pricing, cost optimisation, and M&A strategies in light of the erosion of tax benefits and uncertainty around the impact of new tax laws.

“As known risks escalate and unknown risks arise, insurers should remain a resilient source of financial security in an environment of change and uncertainty. This will likely require agile, innovative operating models and adoption of advanced technologies” Outlook by Allianz Global insurance giant, Allianz Global Corporate & Specialty (AGCS) in its annual Directors’ and Officers’ insurance insights report taking a look into the new year alerted global insurance directors and officers on the key risks trends in the year 2025.

The managers were cautioned on the risk that would emanate from insolvency, geopolitical tension and ‘AI washing’ which insurance experts said would dominate other risky lines of business in the new year.

The experts said risks from these aforementioned areas were most likely going to pose serious challenge to directors, managers and officers of insurance institutions.

“Directors and Officers (D&Os), have been operating in a highly complex environment throughout 2024, and further volatility can be expected during 2025.

Executives face multiple exposures in an increasingly interconnected business world, confronted with risks arising from business insolvencies, geopolitical upheaval, climate change, digital transformation, economic uncertainty, shifts in public opinion, and an evolving legal landscape”, said the Allianz report.

Chief Underwriting Officer, Allianz Commercial,Vanessa Maxwell, in the report said the global rise in business insolvencies was a particular focus of concern, with companies and leaders exposed to potential claims from lenders seeking to recover funds, or from shareholders who allege breach of fiduciary duty.

According to him, at the same time, the litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies across the globe step up scrutiny of corporate conduct, making directors and officers more vulnerable to investigations, penalties and lawsuits.

He noted that global business insolvencies for 2024 were expected to rise by +11 percent and countries accounting for more than half of global GDP would be hit by double-digit insolvency increases in 2025.

Judging by these experts’ views, in the year 2025, insurers have many challenges to contend with but opportunities are numerous for trusted, resilient technology driven and compliant operators.

T22 H I S D AY • THURSDAY, JANUARY 02, 2025

T H I S D AY • MONDAY, DECEMBER 30, 2024 27

POLITY

Transforming Challenges into Sustainable Success

extremist factions that often thrive in socioeconomic vacuums. By bringing healthcare, education, and employment prospects closer to those who lack them, the government could gradually reshape attitudes and nurture genuine partnerships with citizens in forging security solutions.

Alim Abubakre

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n my fourteen years as the Founder of TEXEM, UK, and previously as a Director of Strategy in Cambridge, I have engaged with thousands of leaders across multiple continents. Amid these interactions, the exceptional creativity and tenacity of Nigerian leaders stand out. Yet the billion-dollar question persists: why, despite its abundant natural resources and immense population, has Nigeria not achieved more transformational success at both national and organisational levels? The answers lie in a tapestry of interwoven challenges—from insecurity and weak infrastructure to policy inconsistencies and corruption.

Nevertheless, these issues, while daunting, are by no means impermeable. Through visionary leadership, focused governance, and impactful collaboration that bridges public and private sectors, Nigeria has the potential to transcend prevailing obstacles and forge a brighter future.

The virtuous Cycle of Security and Investment

Enhanced security encourages entrepreneurs to innovate, creates confidence for multinationals looking to invest, and allows local firms to operate unimpeded. In turn, growing businesses expand the tax base and generate employment, which strengthens security further as citizens sense renewed hope and have less motivation to engage in wrongdoing.

Rwanda’s gains in stability, Colombia’s shift toward reconciliation, and India’s focus on inclusive digital frameworks illustrate that no country is inherently doomed to insecurity. Nigeria has a wellspring of entrepreneurial spirit waiting to be tapped.

Once business owners trust that their assets and staff are safe and that regulatory processes are fair, many more will contribute to the economy’s diversification—whether in agriculture, tourism, technology, or manufacturing.

Nigeria at a Defining Juncture

Nigeria’s moment is now. Despite difficulties ranging from economic volatility to a pronounced digital divide, history demonstrates that leaders who harness adversity can spawn remarkable progress.

Many nations have done precisely that, though their solutions must be adapted to Nigeria’s diverse contexts. Comprising over 200 million people from numerous ethnic backgrounds, the country presents a federal system with both benefits and complications.

Strategic governance that nurtures peace, fosters inclusive growth, and upholds transparency can help Nigeria convert untapped promise into tangible gains for its citizens.

Insecurity as a Spur for Rethinking Governance

Security remains paramount for sustaining growth. When communities live in perpetual fear of insurgency, kidnapping, or communal unrest, the entire social fabric begins to unravel. Companies delay expansion, foreign investors waver, and communal hopes dwindle. Yet examples from Rwanda, Colombia, and India suggest that security challenges are not immovable. Rwanda reduced crime by integrating high-tech surveillance with community-focused policing; Colombia pivoted from decades of insurgent conflict by empowering local stakeholders and directing more resources to inclusive peacebuilding; India diminished fraudulent practices by introducing digital identification systems for public services. These successes highlight the importance of matching technology with grassroots initiatives, but Nigeria’s vast size, deep diversity, and entrenched patronage networks pose added complications.

Adapting these global experiences is essential.

Inter-agency cooperation would help coordinate responses to threats while bridging the mistrust between different arms of government. Community support programmes that include ex-combatants or disadvantaged youths could draw people away from radical or criminal activities. A renewed emphasis on transparency in security funding—ensuring that resources reach frontline efforts rather than vanishing into bureaucratic voids—would reinforce public trust. By tailoring foreign insights to Nigeria’s own socioeconomic realities, security can become more than just the absence of violence; it can catalyse development, attract investment, and infuse life back into communities.

Diversifying Beyond Oil: A Route to Resilience

For many years, Nigeria’s heavy dependence on oil revenue has cast a long shadow over its economy, rendering it vulnerable to fluctuations in global prices. Repeated budget crises attest to the perils of failing to diversify. Indonesia’s example serves as an antidote to complacency. That country’s leaders strategically shifted their focus from oil to manufacturing, agro-processing, and tourism, ultimately boosting GDP to over one trillion dollars.

Nigeria can emulate this by committing to broad-based growth in sectors beyond oil.

Agricultural modernisation is an urgent priority.

Through initiatives such as agro-industrial parks and upgraded processing facilities, farmers could convert perishable commodities—like cassava—into marketable products such as biofuels or starch.

Harnessing these opportunities requires stable conditions: ongoing conflicts in rural areas directly affect farm output, distribution routes, and export

Visionary Leadership as the Cornerstone of Change

Abubakre logistics. A secure environment, in tandem with policies that encourage public-private partnerships and efficient transport networks, would improve revenue streams, create jobs, and reduce dependence on oil.

Empowering the Youth: Turning a Demographic Wave Into An Engine Of Growth

Nigeria’s youthfulness is one of its most substantial assets: well over half the population is below the age of 25. However, a mismatch between education and employment frequently traps young graduates in frustration. India’s leap into global IT leadership provides a relevant lesson. The introduction of tech hubs, investment incentives for startups, and a focus on digital literacy empowered a generation to reshape the country’s economy.

Nigeria can replicate this trajectory by concentrating on technical education and entrepreneurship support.

The government’s 3MTT programme already offers a framework, but more significant input from both private and public partners is necessary. Universities can realign curricula to include the technical, creative, and entrepreneurial skills needed in a rapidly evolving world. Incubation centres and venture funding would propel ideas into viable enterprises, sparking innovation among young Nigerians. However, such growth hinges on security—entrepreneurship cannot flourish in areas plagued by kidnappings or armed groups. Securing these regions, establishing reliable electricity and internet provision, and reducing bureaucratic red tape would enable the nation’s youth to channel their energy into productive enterprises rather than succumbing to disillusionment and crime.

Confronting Infrastructure Deficits

Infrastructure—both physical and digital—is a backbone for sustainable development. Unreliable power cripples factory output, poor road networks delay the transport of goods and spotty internet blocks opportunities for remote work and online services. Rwanda’s strides in partnering with private investors to improve infrastructure underscore the merits of a methodical approach, yet Nigeria’s size dwarfs that of Rwanda, necessitating an even more comprehensive plan.

A modern railway that connects each state capital could strengthen trade links, reduce accidents on congested roads, and accelerate travel for millions of citizens. Expanding broadband access, especially through a project covering all 774 local government areas, can ignite a digital revolution in e-commerce, telemedicine, and online education. Such large-scale initiatives must factor in security from inception.

Infrastructure without security remains vulnerable to vandalism and looting, but secure infrastructure fosters trust, investment, and a spirit of optimism about the country’s future.

Building Trust Through Transparency

Corruption is a debilitating force that stalls progress.

When bribes and favouritism dominate, faith in

institutions crumbles, deterring foreign investors who expect fair markets and clear regulations. Botswana’s experience proves that embedding accountability into national culture is possible, though it demands steadfast leadership. Digital tools can drastically lessen human-driven corruption by automating transactions and allowing for real-time oversight.

For Nigeria, piloting blockchain technology to track financial flows, digitising procurement processes, and reducing face-to-face administrative touchpoints offer promising solutions.

Ultimately, transparency must begin at the top.

Leaders must embody the values they champion, sending a clear signal that no individual is above scrutiny. Whistle-blower protection laws and diligent enforcement agencies can amplify this ethical revolution.

Deploying technology in tandem with well-publicised legal reforms would help win public support and bolster the economy, creating a virtuous cycle in which integrity drives security and development.

Cultivating Human Capital for the Knowledge Economy

No matter how sophisticated the infrastructure or how advanced the technology is, a country’s real competitive advantage lies in its people. Nations like South Korea, Singapore, and Finland invested heavily in education, research, and continuous learning to foster citizens equipped for the modern world. Nigeria could join their ranks by tailoring educational systems to contemporary market needs, rewarding both academic excellence and creative thinking.

Collaborations between universities and businesses— locally and internationally—would facilitate targeted research, leading to innovative solutions with commercial potential. Offering scholarships, research grants, and awards tied to national development goals could spark a surge in problem-solving initiatives. Yet this endeavour again hinges on security: scholars and entrepreneurs are loath to risk their personal safety or see their labs destroyed by conflict. A steady environment not only entices foreign experts but also persuades ambitious Nigerian graduates to remain at home, helping to strengthen research capabilities and foster local entrepreneurship.

Tackling Root Causes of Insecurity

While bolstering police forces and armed responses have their roles, sustainable security emerges from addressing deep-rooted social and economic disparities.

Colombia’s approach to community-driven peacebuilding stands out as a model. By extending development projects and livelihood opportunities into vulnerable areas, Colombia drew communities away from insurgent groups.

Nigeria could adopt a similar strategy: communities that feel marginalised or neglected may respond positively if offered genuine pathways to economic participation. Well-administered digital identification programmes could ensure targeted delivery of welfare and poverty alleviation schemes, especially in conflictprone zones. This reduces the appeal of criminal or

Bold, ethically grounded leadership remains essential to unravelling Nigeria’s challenges. Leaders in government, civil society, and business must be prepared to question long-standing norms, embrace accountability, and marshal data-led strategies. This approach transcends rhetorical commitments, requiring tangible strides in infrastructure, support for youth, and unwavering anti-corruption campaigns. An empathetic stance that values grassroots input can transform the nation’s varied cultural tapestry into a unifying strength. Decision-makers must identify and empower competent, integrity-driven individuals across society, including women, youth, and underrepresented groups, in the critical implementation phase. Innovative ideas often originate from the margins rather than the centre, and an inclusive leadership style that channels these insights can spark a collective sense of ownership and engagement in the national project.

Conclusion: A Collective Journey Towards 2025 and Beyond

Nigeria has the critical ingredients of a remarkable success story: vast natural resources, an energetic and youthful population, a dynamic entrepreneurial scene, and strategic influence in Africa. Translating these advantages into real-world prosperity, however, hinges on systematic efforts to quell insecurity, modernise infrastructure, and eradicate corruption. When trust in institutions grows, communities become safer, and talents are harnessed in service of progress, the nation stands on the cusp of a profound transformation.

By adopting the lessons of Rwanda, Colombia, India, Indonesia, and other nations—while calibrating them to Nigerian realities—leaders can build genuine momentum for change. Diversifying beyond oil secures economic stability. Fostering youth entrepreneurship creates pathways out of poverty and channels youthful zeal into productive endeavours. Modernising infrastructure enables businesses to operate seamlessly while robust transparency measures rebuild faith in governance.

Strengthening human capital fuels a leap into a globally competitive knowledge economy. At the same time, addressing deep-seated grievances through community-led development and inclusive policies strikes at the heart of insecurity, replacing despair with opportunity.

Under visionary leadership firmly rooted in empathy, accountability, and effective and efficient implementation of well-thought-out policies, Nigeria can break free of its historical constraints. The global community, including investors, researchers, and development partners, is more likely to commit their resources and expertise to a country that consistently proves its dedication to transparency, stability, and innovation. As Nigeria continues along this journey, it has the potential to radiate positive influence throughout Africa and beyond, providing a blueprint for how strategic leadership can convert manifold struggles into a legacy of shared prosperity.

•Dr Alim Abubakre, founder of TEXEM, UK (www. texem.co.uk), is a senior lecturer at Sheffield Business School and a member of the Advisory Board of London Business School Africa Society and nonexecutive director of Business Council for Africa.

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T H I S D AY • Thursday, JANUARY 2, 2025

FEatures How Lagos State Government Redefined Security Management in Africa through the LSSTF Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430

Undoubtedly, the Lagos State Security Trust Fund, LSSTF, has redefined security management in Africa, setting a benchmark for innovative approaches to addressing urban safety challenges. This achievement was the crux of the recent award in Doha, Qatar, where the International Board of Jury of Security Watch Africa Initiative, SWAI, adjudged Governor Babajide Sanwo-Olu as the Best Security & Safety Conscious State Governor / Premier in Africa, while the Lagos State government itself received the award for Best Security & Safety Conscious Government in West & Central Africa. Chiemelie Ezeobi reports these accolades underscore Lagos State’s leadership in creating a secure and safe environment for its residents through innovative strategies and effective collaboration

“F

or establishing a structure and setting a template for security facilitation, which has helped both federal and state agencies to work effectively in the provision of security and safety for the state, the International Board of Judy of Security Watch Africa Initiative (SWAI) adjudged Governor Babajide Sanwo-Olu as the Best Security & Safety Conscious State Governor / Premier in Africa, while the Lagos State government itself received the award for Best Security & Safety Conscious Government in West & Central Africa.”

Those were the words of the Convener and President of Africa Security Watch Initiative, Mr. Patrick Agbambu, at the 18th Security Watch Africa Conference and Awards that held on December 10 - 12, 2024 at Radisson Hotel, Doha, Qatar.

Themed “Developing Modules for People-Centric Governance Towards Enhancement of Peace and Security,” the two-day conference, which dovetailed into the award ceremony, drew participants from Nigeria, Guinea Bissau, The Gambia, South Africa, Kenya, and Qatar and also brought together policymakers, security professionals, and stakeholders to chart the future of security in Africa.

Present also were Brigadier General Eric Angaye (Rtd), Bayelsa State Security Coordinator and Coordinator, Bayelsa Community Safety Corps; Vice Chair, Board of Trustees, Security Watch Africa Initiatives, Prof. Henri Fouche; Chief of Defence Staff, General Christopher Gwabin Musa; 21st Indigenous Chief of Naval Staff, Vice Admiral Awwal Zubairu Gambo (Rtd) CFR; Katsina State Deputy Governor, H.E Faruk Lawal Jobe; and Foday Malang, Ambassador of The Gambia to Qatar, amongst others.

While stressing that the conference underscored the intricate relationship between national defence and socioeconomic development, Agbambu also reaffirmed the necessity of a multi-pronged approach to combat insecurity, which he posited that as Africa continues to adapt and refine its strategies, the continent moves closer to achieving a lasting peace that fosters economic growth and social stability.

Laurels for Lagos Governor, State Government At the 18th Africa Security Watch Awards and Conference held at the Radisson Blu Hotel, Doha, Qatar, recently, Lagos State government made an impression in the hearts and minds of participants from six African nations and the host country as the award was received by the Board Member, Lagos State Security Trust Fund (LSSTF), Dr. Ogunsan Ayodele.

The reason was not far-fetched. The state government through its brain child- the Lagos State Security Trust Fund (LSSTF) has revolutionised security and the results were clear cutting and solutions-driven.

By all indices as adjudged by the sterling Board of the International Jury of SWAI, the recognition given to His Excellency, Governor Babajide Sanwo-Olu, and the Lagos State government at the 18th Security Watch Africa Awards was indeed commendable.

According to Mr. Patrick Agbambu, these awards were a result of Lagos State’s proactive measures in establishing a robust security structure and creat-

Convener and President of Africa Security Watch Initiative, Mr. Patrick Board Member, LSSTF, Dr. Ayodele Ogunsan and wife, Dr. Ajoke, receiving Agbambu, presenting the award of Best Security & Safety Conscious State the award for Lagos State government from Vice Chair, Board of Trustees, Governor / Premier in Africa, to Governor Babajide-Sanwo-Olu Security Watch Africa Initiatives, Prof. Henri Fouche

ing a template that has enhanced the effectiveness of both federal and state security agencies in providing safety and security within the state.

He noted that these accolades reflect the state’s innovative and collaborative approach to addressing security challenges, fostering a safer environment for its residents and businesses, adding that these underscored the importance of strategic planning, investment in security infrastructure, and collaboration among stakeholders in building sustainable security systems.

Bolstering Security in Lagos through the LSSTF At the subsequent presentation to the governor in Lagos, Mr. Patrick Agbambu, attributed the awards to the visionary leadership of Governor Sanwo-Olu and the impactful role of the Lagos State Security Trust Fund (LSSTF).

Earlier at the 18th Security Watch Africa Initiative in Doha, Qatar, the Lagos State Government’s commitment to security was lauded as a model for other states and even countries to follow by the time Dr. Ayodele Ogunsan was done with his thought-provoking lecture titled “Emplacement of People-Oriented Policing for Security and Development in Africa”, listing all the achievements recorded by the state government through the LSSTF as stakeholders opined that with these landmark contributions, Lagos is setting the pace in security innovation and welfare, reinforcing its commitment to a safer state for all residents.

According to Dr. Ogunsan, the Lagos State Security Trust Fund, a pioneering initiative designed to address the state’s unique security challenges, has been at the heart of this success. Through its innovative public-private partnership model, he said the LSSTF has demonstrated how resource mobilisation, transparency, and community engagement can revolutionise security management as the robust architecture has become a model for other regions striving to combat complex security issues effectively.

Established in September 2007 by a law of the Lagos State House of Assembly, the LSSTF was conceived as a strategic response to Lagos’ complex security needs. By fostering public-private partnerships and adopting data-driven solutions, the LSSTF has significantly enhanced the operational capabilities of security agencies.

The fund has made remarkable strides in improving the operational capacity of Lagos State’s security agencies and according to Dr. Ogunsan, thousands of patrol vehicles, body armour, and other critical equipment have been provided, enhancing response times and police visibility with the LSSTF’s transparency and accountability building trust among stakeholders, leading to sustained funding and participation.

Essentially, the LSSTF mobilises funding from government, corporate organisations, and private individuals to address critical gaps in law enforcement resources. This includes the provision of patrol vehicles, communication equipment, and surveillance tools.

A testament to the success of the trust fund was the recent presentation of 260 vehicles, bulletproof vests, helmets, and other essential equipment to the Nigeria Police Force

by Governor Babajide Sanwo-Olu during the 18th LSSTF Security Summit on Thursday, December 19, 2024 with the theme, “Data and Technology-Driven Security: The Way Forward,” which underscored the importance of leveraging modern tools to ensure safety in one of Africa’s largest metropolises.

Revealing that the state government recently acquired some drones, Sanwo-Olu said it had become expedient to take advantage of innovative technologies to combat crimes. “We bought some drones.

Lagos is well mapped. This will enable our gallant officers to fish

out criminals no matter the location. We also provided some bulletproof vests to protect our officers. Lagos State Government will keep supporting you with equipment,” he said.

According to the governor, the state last year promised to donate 200 vehicles to the police but surpassed the number and handed over 260 vehicles to support their operations.

He said: "Lagos State, as the economic hub of our great nation, understands the importance of security. The fact that this is the 18th edition of the security summit attests to the fact that we are deliberate about keeping Lagosians safe.

“At the last summit, we promised to give out 200 vehicles but here we are, we have surpassed our goal. We are giving out 260 vehicles alongside other equipment. I would like to thank all our sponsors because this is a collaborative effort from corporate organisations and private individuals that have made donations over the years. Nothing is too small to donate.”

Receiving the vehicles, IGP Kayode Egbetokun reiterated the commitment of the police to safety and security across the country, while commending Sanwo-Olu for his exemplary leadership.

LSSTF Chairman, Kehinde DurosinmiEtti emphasised the role of data and technology in addressing evolving security challenges. He called for more collaboration between public and private sectors to sustain such initiatives.

“This is a collaborative effort. Whether through predictive analytics or AI-driven threat detection, technology is reshaping how we respond to security challenges,” he said.

With the recent recognition of Governor Sanwo-Olu as the Best Security & Safety Conscious State Governor / Premier in Africa and the Lagos State Government as the Best Security & Safety Conscious Government in West & Central Africa, in far away Qatar, the LSSTF continues to stand as a beacon of innovation and collaboration in security management across Africa.

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T H I S D AY • Thursday, JANUARY 2, 2025

features

TechConnect 4.0: Championing Innovation, Inclusion and Collaboration for Africa’s Financial Future Akeem Lawal

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n today’s rapidly evolving business landscape, Microfinance Banks (MFBs), Fintechs, and Other Financial Institutions (OFIs) face challenges that hinder their ability to drive financial inclusion and economic growth. From challenges with adapting to digital transformation, to navigating regulatory complexities, these institutions often lack access to scalable technology, technical expertise, and secure infrastructure needed to meet the growing demands of a tech-savvy customer base.

These challenges, however, present immense opportunities for innovation, offering a chance to redefine traditional financial models and create lasting impact on both businesses and communities. This is the driving force behind Interswitch’s TechConnect Series, a dynamic platform designed to bridge critical gaps in the adoption of digital solutions, reshaping Nigeria’s financial ecosystem through innovation, collaboration, and actionable strategies.

Conceived as a catalyst for transformation, the series highlighted how technology and innovation are shaping Nigeria’s financial ecosystem. Spanning five cities including Enugu, Asaba, Abuja, Ibadan, and Lagos, the series emphasised technology’s role as both an enabler and a driver of sustainable growth and inclusion. Each event was tailored to the unique economic dynamics of its region, and TechConnect 4.0 provided a clear roadmap for transforming financial services through collaboration, innovation, and a shared commitment to digital inclusion.

Regional Highlights: Insights from the TechConnect Series The journey began in Enugu, with the theme "Unlocking Growth Opportunities through Technology and Innovation."Discussions centred on how technology enables MFBs to scale operations, enhance customer experiences, and drive financial inclusion. Panelists, during a session titled, “The Future of Microfinance – Transforming Microfinance

Akeem Lawal, Managing Director, Payment Processing & Switching, Purepay, Interswitch Through Digitisation,” shared strategies for leveraging digital tools, emphasising the need for partnerships between public and private sectors to drive a robust digital economy.

In Asaba, the focus shifted to operational efficiency and business growth under the theme “The Future of Microfinance – Digitalisation, Challenges, and Growth Opportunities.”

Panelists explored the intersection of microfinance and fintech, demonstrating how strategic collaborations can address challenges such as resource limitations and evolving customer needs. Practical discussions on the theme, “Building Financial Resilience: The Intersection of Microfinance, Fintech, and Fostering Business,” stressed the value of collaboration and digital adoption and offered actionable

insights for stakeholders seeking to drive resilience and prosperity.

In Abuja, the nation’s capital, the session explored the importance of integrating cutting-edge technologies such as AI, data analytics, and cybersecurity to develop secure, scalable solutions. Themed “Unlocking Growth Opportunities through Technology and Innovation,” discussants addressed pressing issues such as fraud prevention and compliance. A recurring emphasis on partnerships between banks, fintechs, and OFIs reinforced the collective responsibility required to moderniseNigeria’s financial sector.

The penultimate stop in Ibadan explored the theme, “Digital Transformation as a Strategy for Growth: Opportunities for MFBs, Fintechs, and OFIs.” Discussions spotlighted emerging technologies such

as blockchain, AI, and predictive analytics, emphasising their potential to deliver tailored solutions to underserved communities. The sessions also stressed the importance of trust, strategic partnerships, and innovation in building a secure and resilient financial ecosystem.

The Lagos finale marked the crescendo of the TechConnect Series. Akeem Lawal, Managing Director, Payment Processing and Switching (Interswitch Purepay), delivered a keynote titled“Bridging Gaps in Africa's Diverse Markets: Leveraging Payments as a Growth Engine for Businesses,” reaffirming the organisation’s commitment to financial inclusion.

Panel discussions at the grand finale, themed “Navigating the Future of Financial Services: Integrating Compliance, Technology, and Collaboration to Combat Fraud and Drive Growth,” and “Building Financial Resilience: The Intersection of Commercial & Microfinance Banks, Fintechs, & OFIs in Fostering Growth within the Financial Services Sector,”focused on leveraging compliance, technology, and collaborative efforts to address fraud challenges while unlocking new growth opportunities.

The sessions also explored strategies for fostering resilience and growth through synergy between financial institutions and fintechs.

The Interswitch TechConnect 4.0 Series has proven that true innovation lies not in the generation of ideas alone but in their practical implementation and measurable impact. By championing collaboration, leveraging technology, and tackling realworld challenges, Interswitch has solidified its position as a transformative force in Africa's financial services sector.

As the curtains fall on TechConnect 4.0, one thing remains undeniable: Interswitch is leading the charge in driving financial inclusion and innovation. With its unwavering commitment to innovation, the vision of a digitally empowered Africa is steadily transforming into reality.

•Lawal is the Managing Director, Payment Processing & Switching, Purepay, Interswitch

TEF, Bubble Project Empower Widows in Osogbo with Food Items, Cash Gifts Yinka Kolawole

T

o share seasonal joy and goodwill to the needy, the Bubble Project, in partnership with the Teresa Etomi Foundation, has empowered widows in Osogbo, through a donation of food items and cash gifts.

The donations, alongside medical check-up held recently at the Olorunda Local Government Secretariat, Osogbo, Osun State, was aimed at putting smiles on the faces of the widows during the festive period.

Speaking at the event, the Manager of Initiatives for Bubble Project International, Miss Ayorinde Taiwo Grace, stated that the donation marked the organisation's final initiative for the year 2024. She said the organisation had held various initiatives throughout the year, including programmes for single mothers, orphans, and less privileged children.

According to Miss Ayorinde, ten widows benefited from the programme, receiving food items, goodies, and a cash sum of N20,000 each. She expressed her pleasure at being part of the initiative, which she believed would bring joy to the beneficiaries.

In her address, she said, "It is my pleasure to welcome you to the inaugural Widows Empowerment Drive, an initiative proudly sponsored by the Teresa Etomi Foundation-the CSR arm

Bubble Project, in partnership with the Teresa Etomi Foundation, empowered widows in Osogbo, through a donation of food items and cash gifts

of The Bubble Project.

"As a digital media production

company specialising in content creation for education, entertainment, and re-

laxation, we are not just committed to our business goals but also to making a meaningful impact in our community.

"This initiative is particularly close to our hearts. We recognise the challenges many have faced in recent years, and we remain deeply empathetic to the struggles of vulnerable groups in our society. The Teresa Etomi Foundation, named in honour of the grandmother of our co-founder, embodies these values.

Teresa Etomi was a formidable woman - a widow for many years, a pillar of her community, and an inspiration to all who knew her. Her legacy drives our commitment to empower and uplift those in need.

"A heartfelt thank you goes out to the coordinators of this drive and the volunteers whose dedication made this event possible.

As we look ahead to the new year, we are committed to expanding initiatives like this to more communities, helping our people thrive and navigate challenging economic conditions", she added.

Speaking on behalf of beneficiaries, Deaconess Grace Omolara Awe, commended the group for their kindness.

Awe expressed her gratitude for the generosity shown by The Bubble Project and the Teresa Etomi Foundation. "The gifts were a wonderful surprise to us," she said. Her comment echoed the elation and gratitude expressed by the widow beneficiaries at the event in Osogbo.

T H I S D AY • THURSDAY, JANUARY 2, 2025 30

THURSDAY JANUARY 2, 2025 • T H I S D27 AY

IMAGES

Photo Editor Abiodun Ajala Email abiodun.ajala@thisdaylive.com

L-R; Oluwo of Iwoland Oba Abdulrasheed Adewale Akanbi; Olori Vicky Haastrup; Ooni of ife, Oba Adeyeye Enitan Ogunwusi; Osun State Governor, Senator Ademola Adeleke and new Owa of ijesa land, Oba Clement Adesuyi Haastrup after the presentation of staff of office to Owa @ his Palace, in ilesha, Osun State...recently

The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D (middle), being decorated with the Al-Hikmah University emblem by the founder of the institution, Alhaji AbdulRaheem Amoo Oladimeji, OFR (right) shortly before the Speaker delivered the 14th Convocation Lecture of the university on Monday in Ilorin. With them is Prof.

Lateef F. Oladimeji (left)

L-R: Former National Commissioner, Independent National Electoral Commission, Prof. Adele Jinadu; former Minister of State for Defence, Senator Musliu Obanikoro; Minister of Trade, Investment & Industry, D8r Jumoke Oduwole; Chairman of the union/formerAttorney-General and Commissioner for Justice, Mr Adeniji Kazeem (SAN); Vice Chairman of the union, Mr Aderemi Bashua (SAN) and Commissioner representing Lagos State, Federal Character Commission; Hon. Kayode Bawa-Allah during the annual general meeting of the union at Isale-Eko House, Iga Idungaran Street, Lagos… recently

L-R: Founder, Jollof Cafe Franchise (Pty) Limited, Oluwatoyin Oyekanmi; Executive Director, Jollof Cafe (Pty) Ltd,Mr Jumoke Oyekanmi; and Acting High Commissioner to South Africa, Ambassador Temitope Alexander Ajayi, during the Oyekanmi’s 40th Birthday Celebration at Maslow Hotel, Sandton Johannesburg,South Africa... recently

Effervescence and camaraderie at its zenith at Ogechi Udoka Ararume and Izunna Anthony Okonkwo wedding reception in Lagos on December 20, 2024. L-R Tony Okoye from Ojoto, Chukwudi Ugokwe (Bolingo), a Geologist, Engr Osita Okeke, and Lagos based Media & Reputation Consultant, Collins Steve Ugwu when the dynasty of Sen. Ifeanyi Ararume and Tony Okonkwo, the GMD/CEO Topwide Group Lagos, consummated their high octane conjugal alliance blissfully.

L-R: Safety & Environment Manager, International Breweries Plc (IBPLC), Ramoni Emmanuel; Company’s Secretary, IBPLC, Marian Reginald-Ukwuoma; Deputy Governor, Rivers State, Professor Ngozi Nma Odu;, Community Leaders, His Emminence Jephtha Ikenzim JP and Chief Chima Chinda, at the State House, Rivers State during the presentation of past Kickstart Beneficiaries from the state to the Deputy Governor at the State House, Rivers... recently

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T H I S D AY • THURSDAY, JANUARY 02, 2025

NEWS

NEW HOMAGE TO THE PRESIDENT...

L-R: Deputy Senate President, Barau Jibrin; Senate President Godswill Akpabio; President Bola Tinubu; Vice President Kashim Shettima; and Senate Majority Leader, Opeyemi Bamidele, when the leadership of the National Assembly paid a New Year homage to the President at his Ikoyi residence in Lagos .... yesterday

Akpabio Defends Tax Reform Bills, Says Passage Will Benefit Nigerians Kano rejects proposed legislations, declare them inimical to national unity

Sunday Aborisade in Abuja, Ahmad Sorondinki in Kano and Ibrahim Oyewale in Lokoja President of the Senate, Godswill Akpabio, yesterday assured Nigerians that they would start enjoying better dividends of democracy when the National Assembly passes the tax reform bills and it is assented to by President Bola Tinubu.

This was as Kogi State Governor, Usman Ododo appealed to Nigerians to continue supporting Tinubu’s ‘Renewed Hope’ agenda for the socio-economic growth and development of the country.

Also yesterday, Senators in the country in their New Year message to Nigerians urged citizens to embrace the spirit of unity, innovation and resilience to survive the current economic challenges and make the country great.

Akpabio, who made the remark in a New Year message he personally signed, also wished Tinubu; Vice President Kashim Shettima; the Chief Justice of Nigeria, Kudirat Kekere-Ekun; Members of the National Assembly and Officers and Men of the Armed Forces, a happy and prosperous New Year.

He said, “From the various

reforms put in place by the current administration, especially the proposed tax reforms, I can assure Nigerians that we will begin to enjoy sustainable dividends of democracy in this New Year.

"Let us begin to look into the New Year 2025, with hope and optimism and with togetherness this country can achieve greatness.”

The Senate President felicitated Nigerians at home and in the diaspora, “for being living witnesses to another year that holds the promise of growth and opportunities.”

He commiserated with those who lost their loved ones last year, and

also prayed for the repose of the souls of the deceased.

He said, "As the Chairman of the National Assembly, I thank my colleagues in the National Assembly for their patriotic support for the President Tinubu-led administration.

I am assuring that Nigerians will begin to enjoy the yield of the various reforms of the current administration in 2025.

"As we reflect on the past year, let us acknowledge the progress we've made and the challenges we've overcome. As your President of the Senate, I pledge to continue working tirelessly to promote the welfare and

Dangote, Warri, P’Harcourt Refineries, Others to Gulp 123m Barrels of Total In-country Oil Production in H1

NUPRC targets 2.5m bpd crude output in 2025 FG projects highest volume from Shell, NEPL, Seplat facilities

Emmanuel Addeh in Abuja The Dangote refinery, the newly revamped Port Harcourt and Warri refineries as well as six other refining facilities across Nigeria are expected to consume about 37 per cent of the country's total projected crude oil production in the first half of 2025.

Specifically, data released from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated that 123.48 million barrels will be distributed among the active nine refineries in the country during the period under consideration.

The Commission stressed that the volume required by the local refineries was submitted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in line with section 10(1)(2) of the Production Curtailment and Domestic Crude Oil Supply Obligation Regulations, 2023.

In all, Dangote will in H1, 2025 have access to 99.5 million barrels of the 123.48 million barrels projected local crude production, followed by Warri with 13.57 million barrels and the upcoming Kaduna refinery which will gulp 3.9 million barrels of total in-country crude oil volume.

This will be followed by the 60,000 barrels per day Old Port Harcourt refinery, which will require 2.86 million barrels during the first six months of 2025 as well as Aradel refinery in Rivers state, which will need 1.26 million barrels.

In the last one decade, Nigeria had shut down its deteriorating oil refineries, but had recently begun to reopen them in phases, boosted by the 650,000 barrels per day Dangote

refinery as well as modular refineries scattered around the south of Nigeria.

Aside from the aforementioned, OPAC refinery in Delta state will require 900,000 barrels for the period; followed by Waltersmith’s 814,500 barrels; Duport Midstream’s 360,000 barrels; and Edo refinery and Petrochemicals’ 186,000 barrels.

According to the NUPRC data, 56 oil companies operating in Nigeria's upstream petroleum sector, led

by Shell, Seplat as well as NNPC Exploration and Production Limited (NEPL) are expected to drill the highest volume of oil to keep the refineries running from January to June 2025.

While unveiling the forecast, the document signed by the Chief Executive of the NUPRC, Gbenga Komolafe, stated that the commission aims for effective capacity utilisation of the nation's domestic refineries during the period.

However, despite reviving some refineries in the country, there has been a running battle between the refining companies which have accused Nigeria's crude oil producers of not meeting their domestic supply obligation, a breach of the PIA. “The move is pursuant to Section 109 of the Petroleum Industry Act (PIA), 2021 and it is aimed at effective capacity utilisation of the nation's domestic refineries by ensuring a consistent supply of crude oil," the commission stated.

The comprehensive data, NUPRC said, provided insights into the projected crude oil needs for the refineries, crucial for understanding the energy landscape in Nigeria for the first half of 2025.

“The forecasted daily crude requirement for refineries, which is 770,500 bpd, is about 37 per cent of the forecasted first half 2025 average daily production of 2.066 million bpd,” the NUPRC pointed out.

However, it recalled that in October 2024, the NUPRC launched ‘Project 1 million Barrels’ which is expected to favourably impact the national production.

“NUPRC is leveraging the capacity of upstream operators to meet the target daily production of 2.5 million barrels per day in the short term.

“This strategic initiative aligns with Nigeria's commitment to bolstering

its domestic refining capacity and ensuring the sustainability of its oil industry. The first half of 2025 is expected to witness increased synergy between local refineries and producing companies, setting the stage for a more robust and self-reliant petroleum landscape in Nigeria,” Komolafe added.

Meanwhile, oil prices fell around 3 per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and the US and other non-OPEC producers pumped more crude into a well-supplied global market.

prosperity of all Nigerians.

"We will strive to legislate, oversight, and represent the interests of our constituents with dedication, integrity and transparency.”

Meanwhile, Governor of Kogi, Ododo has appealed to Nigerians to continue to support Tinubu’s reforms.

This was contained in a New Year message signed by the governor, which explained that Tinubu's vision and bold initiatives would yield more fruits this year and in the years ahead.

"As we stand on the threshold of a New Year, I extend my heartfelt greetings and best wishes to every one of you. The dawn of 2025 is not just another page in the calendar; it is a renewed opportunity for us to deepen our collective resolve to build a Kogi State that is stronger, more united, and more prosperous.

"This past year, we have taken significant strides together. Your unwavering support, resilience, and contributions have been the foundation upon which we have built our successes.

“As your Chief Servant, I am deeply committed to fostering a state where development, innovation, and inclusivity thrive.

"In the coming year, we will continue to focus on delivering impactful projects, enhancing opportunities for our youth, empowering our women, and ensuring every community feels the positive impact of governance.

“Together, we will tackle challenges with courage and determination, knowing that our unity is our greatest strength,” he said.

In the meantime, Senators in their New Year message to Nigerians urged citizens to embrace the spirit of unity, innovation and resilience to survive the current economic challenges and

make the country great.

The Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, in a statement by her media aide, Arogbonlo Israel, yesterday called on Nigerians to embrace 2025 with a renewed sense of optimism, hope, and collective resolve to build a brighter future.

The Senator, who is the Chairman, Senate Committee on Local Content, emphasised the importance of unity, resilience, and faith in the face of challenges. She urged citizens to reflect on the past year’s triumphs and trials.

She encouraged Nigerians to seize the opportunity to chart a progressive path forward, one that prioritises inclusivity, innovation, and sustainable development.

Also, the Chairman, Senate Committee on Appropriation, Senator Solomon Adeola, in his New Year message, signed by his Media Adviser, Chief Kayode Odunaro, expressed optimism that 2025 would be far better than the outgone year for his constituents and Nigerians.

He stressed that the ongoing Renewed Hope Agenda Reform was beginning to yield positive fruits, and sustainable and bearable socio-economic circumstances beckons in the new year.

Adeola, who is representing Ogun West Senatorial District in the National Assembly, pledged to serve the nation and his constituents diligently in all areas.

Meanwhile, the Kano state Governor, Abba Yusuf, has voiced his strong opposition to the federal government’s proposed tax reform bill, describing it as “ill-timed, lopsided and inimical to the unity of the country.

Senate Leader: N'Assembly Will Soon Target Saboteurs in Oil & Gas Sector Says Senate will deliberate on 2025 budget, tax reform bills, others on resumption

Sunday Aborisade in Abuja

The Senate Leader Opeyemi Bamidele has said the National Assembly will soon go after alleged saboteurs in the oil and gas sector.

Bamidele stated this in a New Year message, titled, “Another Year of Limitless Opportunities,” made available to journalists in Abuja.

He listed the consideration of the N49.7trillion 2025 budget, the tax reform bills, amendment of the 1999 Constitution, among others, items that would be on the legislative agenda of the National Assembly in the new year.

He said the National Assembly will dutifully sustain the drive of the President Bola Tinubu-led government to deepen global best practice in the country’s petroleum industry.

The Senate Leader said: "This is the rationale behind the Senate Ad-hoc Committee to Investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry.

"Considering the significance of the Committee, the National Assembly has initiated the process to constitute a joint committee of the Senate and House of Representatives to look more decisively and incisively into diverse issues spurring infraction and

sabotage in the petroleum.

"We recognise that a number of unfinished tasks are currently pending before the two chambers of the National Assembly. But consistent with the principles of rational choice, we address each of these tasks in order of national priority or significance.

"Consequently, the new few weeks will be devoted to the scrutiny of the Appropriation Bill, 2025; Tax Reform Bills, 2024; and investigation of economic sabotage in the petroleum industry.

“We will also work on amendment of the Constitution of the Federal Republic of Nigeria, 1999 (as amended)

and key economic reform initiatives that have been in the pipeline to open up Nigeria for real businesses that will throw up limitless opportunities."

He added that the constructive collaboration the National Assembly has been having with the executive since June 2023, is already yielding positive results and repositioning the Nation's economy for the benefit of Nigeria and Nigerians.

He said: "With the multi-tiered interventions by the Presidency and National Assembly, for instance, Dangote Refinery and Petrochemicals commenced operations within the 2024 fiscal year.

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THURSDAY, JANUARY 02, 2025 • T H I S D AY

NEWS

FIRST TWIN BABIES OF THE YEAR AT IFAKO-IJAIYE GENERAL HOSPITAL...

L-R: Mother of the First Babies, Mrs. Mary Osayomi (Lying); Wife of the Governor of Lagos State, Dr. Ibijoke Sanwo-Olu; Permanent Secretary, Lagos State Ministry of Health, Dr. Olusegun Ogboye; Wife of the Deputy Governor of Lagos State, Dr. Oluremi Hamzat; Secretary to the Lagos State government, Mrs. Bimbola Salu-Hundeyin; Special Adviser to the Governor on Health, Dr. Kemi Ogunyemi; and the Permanent Secretary, Lagos Health Service Commission, Dr. Ademuyiwa PHOTO: ETOP UKUTT Eniayewun, with Twin Babies Osayomi, Babies of the Year at Ifako-ljaiye General Hospital, during Goodwill Visit of the First Lady to General Hospitals in Lagos to Welcome First Babies of the Year 2025

Abiodun Promises Renewed Focus on Economy in 2025 Pays end of the year bonus to pensioners

James Sowole in Abeokuta Ogun State Governor, Prince Dapo Abiodun, has promised that his administration would continue to foster an economy that promotes growth, equity, and resilience through sustainable development plans.

The governor also admonished the people of the state to set aside their differences and continue to coexist with one another for the peace and development of the state and the country at large.

In another celebrated development, the governor approved immediate payment of N20,000 across all strata as end of year bonus to pensioners in the state, sequel to requests by pensioners that the payment be extended to them.

Confirming the kind gesture, the Nigeria Union of Pensioners, NUP, in a letter addressed to the governor and jointly signed by its chairman, Alhaji Waheed Oloyede and Secretary, Comrade Bola Lawal respectively, said the development is first of its kind in the history of the state.

Governor Abiodun elaborating on his administration’s in his New Year address, stressed the need for the people to come together in the new year with renewed vigor and work for the good of society.

He said: "As we journey together

in 2025, let us continue to come together as one, with a renewed sense of purpose, regardless of our differences, and work towards the betterment of our beloved state.

"This New Year is an opportunity for us to reflect and remind ourselves of our responsibilities to each other as we are determined to start anew in the New Year.

"I wish to enjoin you that as we step into this New Year, let us do so with renewed hope, determination, and more focus. Let us strive to make Ogun State a beacon of progress, development, and prosperity."

He said his administration has made a positive, inclusive, and lasting impact on the lives of the people through the construction of roads, provision of affordable housing, human capital development, youth and women empowerment, qualitative healthcare, and food security.

Other sectors in which the administration has made significant progress, according to Abiodun, include transportation, security, education, and energy.

"In the energy sector, with the recent constitutional amendments removing the provision of electricity from the exclusive to the concurrent list, we have passed the Ogun State Electricity Law. “Consequently, the Nigerian

Zulum: I Will Clear All Liabilities Before I Leave Office in 2027

Michael Olugbode in Abuja

Borno State Governor, Prof. Babagana Zulum, has approved N8 billion for the payment of the backlog of liabilities in pensions and gratuities for retired primary school teachers and other civil servants in the state, promising to clear all the backlog of pensions and gratuities before leaving office in 2027.

The N8 billion will clear liabilities accrued from 2019 to 2021.

Zulum announced the approval on Wednesday at the council chamber of the government house in Maiduguri.

The governor had released N3 billion in June and September, 2019,

to clear gratuities of 1,684 retirees that left the civil service between 2013 and 2019 and disbursed over N12 billion in 2020 for retirees that left both the state and local government civil service between 2013 and 2017.

Zulum said: “Since I took over in 2019 to date, we have paid about 25 billion naira for the settlement of gratuities for those that have worked with local and state governments.”

Meanwhile, he has assured that his administration will settle all the backlog of gratuities and pensions before the end of his tenure in 2027.

He said: “Insh’Allah, I will clear all the backlog of gratuities before I leave office in 2027.”

Electricity Regulatory Commission (NERC) has approved the transfer of regulatory oversight to the Ogun State Electricity Commission (OGERC), thus allowing Ogun State to regulate the generation, transmission, and distribution of power," he added.

The governor pointed out that the administration leveraged the state's comparative and competitive advantages, as well as diverse economic potentials, to create an adaptable, evolving and capable system that absorbs shocks.

He maintained that the ISEYA mantra, acting as a compass for his administration's developmental drive, has helped to enhance speedy growth in all sectors.

He acknowledged that there is still more to be done, adding that the government would continue to address issues that affect the people, such as economic realities,

unemployment, and inadequate social amenities.

While pledging to remain focused, deliberate, committed, and inclusive by keeping his promises and sustaining the implementation of the ISEYA mantra, the state helmsman emphasized that his government, in the new year, would continue to work tirelessly to ensure that every citizen has the opportunity to succeed, regardless of their background or circumstances.

Abiodun further said: "Despite numerous challenges, both as a government and as individuals, God's mercies have seen us all through. It is my sincere prayer that this new year brings improved living conditions for all of us and ushers in further development for our dear state.

"This past year has been a testament to our collective resolve to build the Ogun State of our dreams. Our

state has weathered both literal and metaphorical storms but has emerged stronger.

"Through acts of kindness, community initiatives, and the tireless work of our public servants, we have proven that when we stand united, no challenge is too great to overcome.

“As we welcome the new year, we reaffirm our commitment to fostering progress and prosperity for every resident of our state.

"Let us embrace this year with renewed hope, striving to achieve even greater milestones in terms of infrastructural development and individual prosperity.

“As a responsive and responsible government, our vision for prosperity is rooted in a robust and diversified economy capable of navigating current challenges."

Meanwhile, the Nigeria Union

of Pensioners, NUP, described the Governor Abiodun’s love to them as "unquantifiable and of sincere goodwill", urging him to approve the consequential adjustments of pensions in the new year.

The letter read: "The Executive Council of the Nigeria Union of Pensioners, led by Comrade (Chief) W.O. Oloyede and the entire membership of the Nigeria Union Of Pensioners, Ogun State Council, hereby applauds and express our heartfelt gratitude to our loving and compassionate Executive Governor, Prince Dr. Dapo Abiodun, CON. “This is for your kindness and benevolence and for counting us, the aged Senior Citizens, worthy for the end of year, N20,000 (Twenty thousand naira) bonus across all strata. The is the first of its kind towards Pensioners in the history of Ogun State.

Uzodimma Pledges Accelerated Devt in 2025 Tony Icheku in Owerri

Governor Hope Uzodimma of Imo State has assured the people of accelerated development in all parts of the state this year.

He said with the planned industrialisation of the state and the level of infrastructural development already achieved by his administration, Imo will experience an economic boom this year.

In his new year message to Imo people, the governor, urged them to support the administration and re-dedicate themselves to the service of the state.

He also tasked them to love one another as brothers and sisters and "avoid negative tendencies that hinder the spirit of togetherness needed to foster the growth and development of the state."

He also urged the people to reaffirm their hope in a better tomorrow, saying that Nigerians will emerge stronger from the current economic challenges if they have faith in God. Reflecting on the economic growth of the state, Uzodimma disclosed that with the faithful implementation of the 2025 budget of N807 billion, he would have set Imo on an irreversible path of sustainable development.

He described the budget as "a

clear statement of my determination to vigorously pursue the industrialisation of the state by strengthening our infrastructure."

According to him, apart from the completion of his legacy projects started last year, especially the iconic Assumpta Flyover, the Owerri-Umuahia road, and the provision of uninterrupted power supply, the communities in the state will experience "renewed vitality as my administration will assist them in implementing various projects."

Uzodimma expressed confidence that the newly democratised local governments will also assist the communities in achieving rapid growth.

The governor assured civil servants and pensioners in the state of sustainable payment of salaries and pensions and gratuities to make lives more meaningful for them.

Uzodimma pledged his unwavering commitment and dedication towards serving Imo people diligently and honestly to justify the confidence they reposed in him through his reelection.

He accordingly charged those working with him in the executive to redouble their efforts to ensure that Imo people receive first class service this year.

He said: "This year, 2025, is a

defining year for all of us to prove our mettle in serving the people of the State. Laxity and corruption will not be tolerated.

“Let it be clear that those called to serve Imo State in my administration must either serve with dignity and integrity or face the consequences.

"To those who promote insecurity and social tension in the state, I urge you once again to repent and embrace peace. Take advantage of this new year to make peace with God and your conscience.

“If you persist, the long arm of the law will catch up with you, and you will be held accountable for your evil deeds "With the signing into law of our administration’s Eight Hundred and Seven Billion Naira Appropriation Bill on Monday, I can confidently say that I have set the state on an irreversible path of economic growth.

“As you know, 86.09% or six hundred and ninety-four billion, seven hundred and eighty-six million, forty-one thousand, two hundred and twenty naira (N694,786,04,220) of the budget is allocated to capital projects.

“This is a clear statement of my determination to vigorously pursue the industrialization of the state by strengthening our infrastructure.

"Several legacy projects initiated

last year will be completed this year.

These include, but are not limited to, the iconic Assumpta Flyover, the Owerri-Umuahia Road, the provision of uninterrupted power supply statewide, the Imo Concorde Hilton Hotel, and the iconic Emmanuel Iwuanyanwu International Conference Centre.

"Equally, the Orashi Free Trade Zone and other ancillary projects, such as the dredging of the Oguta/ Orashi rivers to the Atlantic, will be expedited to attract foreign and domestic investors.

"In this regard, I recommit myself to working harder and maintaining transparency in the allocation of your resources for the maximum benefit of the people.

“I assure you that the 2025 budget will be faithfully implemented to address the needs of our people and achieve the administration's goals.

"As I promised during my second-term inauguration speech, the pace of governance will continue to accelerate, and service delivery will be enhanced.

“I am committed to serving Imo people diligently and honestly. Your overwhelming support in the 2023 elections has further strengthened my resolve to serve you better. I urge those serving Imo people with me to redouble their efforts.

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THIRTY-THREE

2025: Ribadu Pledges Renewed Focus to End Terrorism, Insecurity

Chuks Okocha in Abuja

The National Security Adviser (NSA), Mallam Nuhu Ribadu, has reassured of the federal government’s renewed focus on combating terrorism, violent extremism and other security threats.

He said the threats would be tackled through enhanced collaboration, innovative strategies, and proactive measures.

The NSA, in a statement, on Wednesday, January 1, by the National Coordinator National Counter Terrorism Centre (NCTC) in the Office of the National Security Adviser, Maj. Gen. Adamu Garba Laka, acknowledged the resilience of the citizens in the face of security challenges and emphasized the critical role of the agency’s collective effort in ensuring peace and stability.

Ribadu attributed the successes achieved in 2024 to the exceptional leadership of President Bola Tinubu, whose political will, he said had

extensively sustained security efforts across the country.

He said the president’s “strategic guidance, exemplary leadership, and untiring support to the Office of National Security Adviser provided the foundation for the progress made in enhancing national security.

The NSA also acknowledged the efforts of the armed forces, security and intelligence agencies in combating insecurity in the country in the past year.

“Your sacrifices in the front lines despite the harshest conditions, demonstrate staunch patriotism, courage, and dedication to safeguarding the Nation’s sovereignty and security,” he said Ribadu noted the collective vigilance and cooperation of Nigerians have been instrumental in the fight against terrorism and other security threats, stressing that the successes recorded in the country’s efforts to enhancing

national security were rooted deeply in the cooperation of the citizens and the military and security agencies.

He said: “The year 2024 brought its share of security challenges, including the resurgence of the Lakurawa Terrorist Group in the Northwest and acts of sabotage on critical national infrastructure, such as power transmission lines, by non-state actors.

“Despite these challenges, it is gratifying to note the tireless efforts of the Armed Forces of Nigeria and security agencies in containing these threats and preventing further occurrences.

“These achievements would not have been possible without the invaluable support of the National Assembly, the judiciary, and state governors, whose commitment to strengthening our policy and legal frameworks across all levels of government have been critical in advancing our national security objectives.

“Your steadfast dedication and proactive engagement have also contributed immensely to effective decision-making and the successes recorded.

“I also commend the exemplary leadership, foresight, and dedication of the Chief of Defence Staff, Service Chiefs, Inspector General of Police, Director General of the National Intelligence Agency, Director General of the Department of State Services, Chief of Defence Intelligence, and the heads of other security and intelligence agencies for their unparalleled contributions to safeguarding our dear Nation.

“Your sacrifices, tireless efforts, and dedication to duty do not go unnoticed. They are deeply appreciated and serve as a source of inspiration to all Nigerians.

“Additionally, the support of various Ministries, Departments, and Agencies, as well as civil society organizations and international partners, has played

a pivotal role in advancing our shared goals of national security and stability.

“We therefore remain steadfast in our resolve to protect the Nation and assure Nigerians of our tenacious commitment to ensuring their safety and security. “Security is everyone’s responsibility.

“The fight against terrorism and criminality cannot be won without the active participation of citizens. I therefore implore you to promptly report any suspicious activities, movements, or characters to the appropriate authorities. If you see something, say something.

“Looking to 2025, Ribadu reassures Nigerians of the renewed focus on combating terrorism, violent extremism and other serious organised crimes through enhanced collaboration, innovative strategies, and proactive measures.”

While highlighting recent advancements in the fight against insecurity

Ribadu to include the operationalization of the Multi-Agency Anti-Kidnap Fusion Cell at the National Counter Terrorism Centre, the NSA urged all security stakeholders and citizens to redouble their efforts in building a safer and more secure country.

DMO: FG Has Made Adequate Budgetary Provisions to Meet Debt Obligations Uwaleke urges govt to float 10% of NNPCL's shares as IPO to finance critical infrastructure

Ndubuisi Francis in Abuja

The Debt Management Office (DMO) disclosed yesterday that the federal government has made adequate budgetary provisions to meet its debt obligations.

Citing a statement issued by the DMO, the News Agency of Nigeria (NAN) cited the debt management agency as saying that Nigeria has

unfailingly serviced its external and domestic debts promptly, culminating in increased investor interest in federal government bonds.

Such efforts, the DMO noted, reflect the country’s strict adherence to best practices in debt management.

The DMO explained that the country’s ability to meet its debt obligations is supported by effective

planning and allocation through the Medium-Term Expenditure Framework (MTEF) and annual budgets.

Nigeria’s debt management, it added, is carried out in accordance with relevant legislations and regulations as well as in conformity with international practice The DMO revealed the recent successful issuance of 2.2 billion

Remi Tinubu Welcomes First Baby of the Year, Presents Birth Registration Certificate Segun James The First Lady, Senator Oluremi Tinubu, yesterday welcomed the first baby, a female, born at the Asokoro General Hospital Abuja.

Mrs. Tinubu, who was represented by the wife of the Vice President, Hajia Nana Shetimma, prayed for the children and admonished the parents to give them adequate attention and care.

She said the health and wellbeing of the children should always be priority.

She then presented gifts and cash to baby Chioma Odion Oyigbo, female, born at 12.27am weighing 3.6kg.

The baby was also presented with the hard copy of her birth registration certificate at the event.

Other babies were also presented with gifts to celebrate their birth.

Earlier in her New Year message, Senator Oluremi Tinubu assured of President Bola Ahmed Tinubu’s commitment, stating he is already undertaking measures that will deepen the nation’s economy and place it on the muchdesired pedestal.

Her words: “As we journey through 2025, let us rise above our differences and rebuild the bridges that connect us—bridges of love, respect, and understanding. It is a year to invest in one another; to nurture our youth and protect the dignity of our elders; to create a country where every Nigerian can thrive, regardless of where they are born, what they believe, or what language they speak.

“Let us stand together, lifting each other up, and ensuring no one is left behind”.

“Together, we can build the Nigeria we all desire. Together, we will.”

dollars in Eurobonds on the international capital markets, which received subscriptions exceeding 9 billion dollars.

“Nigeria attracted a wide range of investors from multiple jurisdictions, including the UK, North America, Europe, Asia, the Middle East, and participation from Nigerian investors.

“It is an expression of continued investor confidence in the country’s sound macro-economic policy framework and prudent fiscal and monetary management.

“The transaction attracted a peak orderbook of more than nine billion dollars. This underscores the strong support for the transaction across geography and investor class,” it said.

The DMO explained that demand for the Eurobonds came from a mix of fund managers, insurance and pension funds, hedge funds, banks, and other financial institutions.

“In addition, one of the landmark achievements of the Eurobond is that it opened up opportunities for banks and other corporate entities in the Eurobond market,” it said.

Meanwhile, the President, Capital Market Academics of Nigeria (CMAN) and Director, Institute of Capital Market Studies, Nasarawa State University, Prof.

Uche Uwaleke has advised the federal government to float 5-10 per cent of shares in the Nigerian National Petroleum Company

Limited (NNPCL) for sale on the Nigerian Exchange under Initial Public Offering (IPO) arrangement.

According to him, privatisation proceeds like floating between 5 to 10 per cent shares of NNPCL as IPO could be used to finance critical infrastructure projects in the 2025 -2027 spending plan.

Uwaleke, a former Commissioner for Finance in Imo State who delivered a keynote address at the recent investiture of some distinguished Nigerians as Fellows of CMAN said while listing on the stock exchange takes a long, IPOs provides a fast a veritable source funding for infrastructure.

Listing bcapital market funding options that the federal government can latch on, he said

T I N U B U TO G O V E R N O R S : G O A N D D R I V E D E V E LO P M E N T AT T H E LO C A L G O V E R N M E N T however, commended THISDAY for making him their man of the year, despite their initial doubt.

In a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu, said the leadership at the subnational level was central to achieving food security, economic prosperity and rapid national growth.

He expressed his gratitude to the governors for their support and collaboration, he highlighted key areas requiring joint effort for the nation's progress.

"You are the most important link to Nigeria's prosperity and development. The federal government accounts for about 30 to 35 per cent of the allocated revenue; the rest comes to you. The agricultural value chain depends on you. You own the land, and the job is in your hands,” he said.

Tinubu called for stronger collaboration between the federal and state governments to address pressing challenges, including local government autonomy, agricultural productivity, and currency stability.

Reiterating his commitment to local government development and autonomy, the president stressed its importance for grassroots development and dispelled rumours of disagreement with the governors.

"We will not fight within us. I will drive the change. You control your local governments. You can restore hope by effectively fulfilling what the people expect at the grassroots level.

"There were gossips that we had disagreements on local government autonomy. No. Just drive development at the local government. Nobody wants to take them away from you, but we need

collaboration. Let's do it together and ensure Nigeria is better off for it," he said.

While urging governors to prioritise agricultural growth as a pathway to economic stability, Tinubu said, "We have to work harder, grow more, and ensure the situation of our currency improves.

Nigeria will see prosperity, but it requires consistent effort from all of us."

He urged the governors to take pride in their efforts and acknowledged their progress across the states.

His words: "There is no state we cannot visit and be proud of its development. We have better allocations now. Let me take the abuse; you take the privileges.

Together, we will build a nation we are all proud of."

Reflecting on his leadership journey in the last 19 months, the president expressed confidence in Nigeria's capacity to thrive given the resilience and leadership demonstrated by the administration.

"I am glad I asked for this job, and Nigerians gave me the mandate.

We'll be on this voyage together. I thank all of you for where we are today and where we are heading," he said.

The President, however, announced that he would be visiting Enugu State on January 4 as part of his planned visits to some states.

Tinubu, who also welcomed his declaration by THISDAY newspaper as Man Of The Year, commended the newspaper for recognising "what they considered a failure initially, but is now a success."

Speaking, chairman of the Nigeria Governors’ Forum and Governor of Kwara State, Abdulrahman

Abdulrazak, described THISDAY's decision to name Tinubu Man of the Year as a significant endorsement of the administration's policies.

He noted that the acknowledgement from a media outlet known for critical media coverage during the campaign reflected the tangible progress made under Tinubu's leadership.

"The policies are working. In agriculture, I was in Jigawa. The complaint in Jigawa was that there was a bumper harvest, but because of the strength of our currency, traders exported the harvest.

"So, most of us are encouraging ourselves to buy bumper stocks into our silos, store them for the rainy day. So, in terms of agriculture, the policy is working. We'll continue to deepen that and ensure we are 100% sustained in food security and feed the whole of West Africa," he said.

The governor urged the president to visit various states to see the ongoing transformations and progress firsthand.

He assured Tinubu of the steadfast support of the governors, particularly in contributing to local security architecture to further enhance the nation's security.

"I must confess that I have not done two years in this administration, but I've done more projects in two years than in the four years of my first term.

"We are getting more funding due to the restructuring of the economy.

Yes, there is inflation, but we are overriding it," Abdulrazaq said.

At another meeting with the National Assembly, Tinubu said his administration was encouraged by the legislature’ssupport in the last 19 months, adding that he was determined to take Nigeria to the

Promised Land.

"Nigerians are the heart of everything we are doing. We have come to serve. You have made my day by coming on this visit. Happy New Year. May God bless you and our country and give our nation more prosperity.

"The transformative journey we have embarked upon is for all of us.

It is for our tomorrow. It is for the future generation. Your commitment will yield that fruit for the babies yet unborn.

"Your commitment to value addition and bringing about the spirit of can do and must do is for all of us together. It is for us to build a nation. We have confidence and competence.

“The enslavers want us to be anything but enslaved people, but we say no. We are determined, we are capable, and we are resolute, and we will be there. We will take Nigeria to that Promised Land with you,'' Tinubu said.

Acknowledging the encouragement from the lawmakers, the president pledged to work harder, embrace intellectual inquisitiveness, and make courageous decisions for national development.

"We have a saying in Yoruba that it is only a courageous dog that will capture the animal in the bush," he added.

Earlier, Senate President Godswill Akpabio commended the president for his courage and commitment to reform and assured him that the National Assembly was firmly behind his administration.

"On this journey of restoration, transformation and rebuilding the nation, you are not alone. The National Assembly is with you and will stand by you," he said.

Akpabio highlighted the positive economic outlook under the Tinubu administration, citing achievements such as oversubscription of Nigeria's Eurobond, improvements in ease of doing business, and growing foreign investor confidence.

"We salute our men in uniform and commend you for your bold reforms. Investors remain interested in Nigeria because of your leadership, and we will continue to smile as the benefits materialise," he added.

Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, on his part, commended the president for his respect and support of the National Assembly.

He said many key figures in the administration, including the president, vice-president, wife of the president, chief of staff to the president, secretary to the government of the federation, and several ministers, were all former members of the National Assembly. ''The National Assembly should consider itself lucky, and to God be the glory, Mr President, the National Assembly today is more united than ever. ''The National Assembly is more fulfilled than ever before because there is nothing we have ever knocked on your door to request for the National Assembly that you have not obliged. ''This is historic. This is commendable. We need to thank you for that. I also want to thank you for bringing more succour to the poor. ''Nigerians had more challenges at the beginning of 2023, but as the year ended, more food and prosperity started pouring in. We believe 2025 will be the ultimate year where every Nigerian will be proud of this administration, '' he said.

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THURSDAY, JANUARY 02, 2025 • T H I S D AY

NEWS

SIGNING OF 2025 APPROPRIATION BILL IN OGUN...

L-R: The Deputy Speaker, Ogun State House of Assembly, Hon. Latifat Bolanle; Chairman, House Committee on Finance and Appropriation, Hon. Musefiu Lamidi; the Speaker of the House, Rt. Hon Oludaisi Elemide; Ogun State Governor, Prince Dapo Abiodun; his Deputy, Engr Noimot Salako-Oyedele; and the Commissioner for Budget and Planning, Mr Olaolu Olabimtan, during the signing of the Year 2025 Appropriation Bill at the Governor's Office, Oke-Mosan, Abeokuta, on Monday

DSS Neutralises Bandits in Niger, ESN Members in S/East 'Operations responsible for peaceful Yuletide'

In continuation of the onslaught against terrorism, Department of State Services (DSS) operatives on Monday launched a

major offensive on AK-47 wielding bandits on motorcycles terrorizing and looting shops in Rafi Local Government Area

(LGA) of Niger State, killing many of them and seizing their cache of weapons and motorcycles.

This is the second major offensive by the DSS against bandits terrorizing residents of the state in less than a week,

Poor Welfare Scaring Young Vibrant Nigerians from Varsities, ASUU Tells Tinubu Kemi Olaitan in Ibadan The Academic Staff Union of Universities (ASUU), yesterday, raised alarm that poor welfare conditions of lecturers in public universities is leading to the reluctance of qualified hands to take up jobs in the university system.

The Chairman, University of Ibadan Chapter of the union, Prof.

Ayo Akinwole, who said this in a new year message in Ibadan on Wednesday, stated that the situation also affects primary and secondary schools.

“The teachers are not well-paid, leading to the reluctance of qualified teachers to take up employment in public primary and secondary schools, paving the way for the untrained and unqualified teachers hold sway.

“The result of this has been the proliferation of private schools, most of which are out of the reach of the poor due to the exorbitant fees they charge", he said.

According to him, the university system witnessed stagnation in 2024, stating that but for the sacrifices of the lecturers, the university system would have been thrown into another industrial crisis because of the lacklustre attitude of federal government to their plights.

The ASUU boss noted further that Nigeria’s education is likely to remain the same because the sector has been allocated about seven per cent (N3.52 trillion) in the 2025 budget of N47.90 trillion, stating that this falls far below the benchmark of 15 per cent - 20 per cent educational budget for underdeveloped countries like Nigeria, specified by both UNESCO and United Nations Fund for Population Activities (UNFPA), which has

been advocated by the union.

While commending the federal government for setting up a committee to renegotiate the 2009 FGN/ ASUU agreement, Akinwole warned against delayed tactics as characterized in previous administrations.

He said: “To be sure, since 2017, various committees had been put in place by the Government to renegotiate the agreement with ASUU. For instance, the Babalakin-led Joint Renegotiation Committee was set up, followed by Emeritus Prof.

Munzali Jubril-led Committee, and followed by Late Prof. Nimi Briggs-led Committee, which yielded a draft Agreement between the Committee and ASUU in 2021.

"Unfortunately, the Buhari administration refused to sign the Agreement reached by a committee set up by it. It is, therefore, our opinion that instead of a fresh renegotiation of the agreement, the Tinubu-led administration should rather set in motion a process that will lead to the review and signing of the Nimi Briggs-led renegotiated draft agreement as a mark of goodwill and assured hope for Nigeria’s public universities.”

The ASUU boss also criticized President Bola Tinubu’s agenda to eliminate TETFUND under the tax administration bill stating that this will kill the little infrastructural funding which TETFUND has been executing from 2030.

According to him, “This misbegotten policy will have huge and adverse implications for the university system in Nigeria. This is, no doubt, an attempt to destroy the major source of infrastructural funding for already struggling public tertiary institutions.

It is also an attempt to commodify

university education in Nigeria.

“A part of the tax administration bill proposes eliminating the education tax, to be replaced by a “development levy”. This would effectively disrupt the revenue stream of the Tertiary Education Trust Fund (TETFund), an agency set up as a product of the ingenuity and struggles of ASUU, that has been the major source of funding for infrastructure development in many public tertiary institutions over the last decade.

“Since its establishment in 2011, TETFund has monitored the disbursement of education tax to public tertiary institutions in Nigeria.

"However, with this new bill, only 50 per cent of the monies accruing to the levy would go to TETFund in 2025 and 2026. TETFund’s share will be upped to 66 pe rcent in 2027, 2028, and 2029.

“Then, the agency would cease to get any revenue from 2030. From 2030, the development levy will be solely meant to fund the federal government’s student loan scheme.

“What this means is that the agency that funds infrastructural development in the Nigerian tertiary institutions is under the threat of extinction by 2030.

“It is a public hazard to conscript academics into endless struggle for survival. There is low level of motivation and increasing rate of flight from the present condition at the slightest opportunity.”

Setting agenda for 2025, Akinwole called on President Tinubu to pay attention to the welfare of workers in the education sector, noting that the state of the national economy and high cost of living has deepened the erosion of the conditions of service of its members.

The ASUU boss stated that it is expected that “the withheld three and half months salaries and third party deductions owed its members would be paid forthwith, insisting that the union also expects that the Earned Academic Allowances (EAA) would be released, just as it expects that the funding for the revitalisation of the universities would be released in accordance with the FGN-ASUU MoU of 2012, 2013, and the MoA of 2017.”

“In the absence of visible and concrete efforts at addressing the pending issues and meeting our expectations, there is likely to be a long-drawn confrontation between our union and the federal government, which will probably lead to another round of untold avoidable crisis in the university system in Nigeria", he added.

having neutralized three bandits last Friday in Dogon Dawa, Mairiga LGA of the state.

Three weeks ago, in the Janyau Fulani Area in Gusau, Gusau-Kaura Namoda Road, in Zamfara State, as well as in Dalori quarters, Maiduguri, Borno State, DSS operatives apprehended notorious bandits terrorizing parts of the Northeast and Northwest.

A highly-placed security source told THISDAY that the bandits in Niger State, who had recently attacked Uregi Village in Rafi LGA, gathered for a meeting when DSS operatives, who had kept them under surveillance, launched the attack. Three DSS operatives were injured during the attack, but are responding to medical treatment, the source added.

The security source linked what he said was the improved security witnessed at Yuletide to several covet operations by the DSS, especially in the Southeast.

The source, who is a military officer, commended the new DSS leadership for what he described as "increased synergy", saying prompt intelligence sharing with the military and other security

agencies has helped to improve the security situation across the country.

"For instance, it might interest to note that before Christmas, the DSS identified several IPOB (Indigeneous People's of Biafra) and their ESN (Eastern Security Network) camps in several parts of the southeast states.

"Collaborating with the DSS, we surgically dealt with IPOB and ESN leaders who were terrorizing residents of the Southeast. With the DSS, we were able to clear IPOB/ESN strongholds in Orsu, Oru East, Oru West and Orlu LGA in Imo State where several AK47 weapons and IED making materials and shrines were destroyed.

"In Enugu, the DSS led the operation to clear the Imilike Agu forest in Udenu LGA where several weapons of different calibres were destroyed, and a large number of IPOB /ESN commanders neutralized. Several of such operations also took place in Abia, Anambra and Ebonyi States, " added the source, stressing, "that was why people in the southeast were, for the first time in several years, able to celebrate Yuletide in peace."

Ohanaeze Demands Inclusion of Ethnicity, Religion in 2025 Census Benjamin Nworie in Abakaliki

Apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has emphasised the need to include ethnicity and religion as essential categories in the 2025 National Population Census.

In a statement by the Secretary General of the body, Okechukwu Isiguzoro, Ohanaeze noted that the inclusivity was vital for producing accurate and unbiased demographic data pertaining to the Igbo population and other groups dispersed across all 774 Local Government Areas in

Nigeria.

Ohanaeze also said it was essential that the federal government took proactive measures to ensure that the 2025 Census accurately reflected the nation's full spectrum of diversity, mitigating any potential disputes from skewed or disproportionate demographic data.

"Ohanaeze Ndigbo emphasises the paramount importance of including ethnicity and religion as essential categories in the census exercise.

"This inclusivity is vital for producing accurate and unbiased demographic data pertaining to the

Igbo population and other groups dispersed across all 774 Local Government Areas in Nigeria.

"Historical grievances linked to previous National Population Census exercises—marked by fraudulent representations and distortions of demographic data—must not persist.

"It is essential that the federal government takes proactive measures to ensure that the 2025 Census accurately reflects our nation's full spectrum of diversity, mitigating any potential disputes from skewed or disproportionate demographic data."

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T H I S D AY • THURSDAY, JANUARY 02, 2025

NEWS

AKPABIO'S CONSTITUENCY'S EMPOWERMENT PROGRAMME IN IKOT EKPENE...

L-R: President of the Senate, Godswill Akpabio; Deputy Senate Whip, Onyekachi Nweboyin; Senate Minority Leader, Abba Moro and other members of the National Assembly, during the First Phase of the Constituency briefing and empowerment of the people of Akwa Ibom North West Senatorial District, by Akpabio at the Ikot Ekpene Township Stadium on Monday

NEW YEAR MESSAGES...

More Leaders, Govs Greet Nigerians in New Year Messages, Set 2025 Agenda, Resolution

More leaders, including governors, have sent in New Year messages to Nigerians even as a majority of them set new year agenda and resolutions.

While they acknowledged the challenges of last year and looked forward to the prospects of the new year, they also set agenda for a working collaboration with the Nigerian people.

From the security sector to the government and worship centres, these leaders canvassed the need for Nigerians to see the good in their country and consequently play their part in actualising it.

IG: Police Committed to Serving People

The Inspector General of Police, Kayode Egbetokun, has reaffirmed the commitment to the Nigeria Police Force to community engagement and a people-centric approach to policing.

He also reiterated the force's dedication to enhancing public safety and security through a more community oriented and people-focused policing strategy.

A statement by Force’s Spokesperson, Olumuyiwa Adejobi, stated that the IG also extended his heartfelt felicitations to all Nigerians and residents and wish them a joyous and prosperous New Year.

The IG also acknowledged the resilience and determination of the Nigerian people amid challenges faced in the past year.

Egbetokun called on all Nigerians to actively participate in building a secure and peaceful nation by partner-

ing the police, remaining vigilant and reporting any suspicious activities while maintaining open channels of communication with the police and other law enforcement agencies.

"As we usher in the New Year 2025, the Nigeria Police Force remains committed to protecting the lives and property of all citizens. Together, we can create a safer and more secure environment to promote growth in all sectors of our country," he said.

Sanwo-Olu: 2025’ll Be a Better for Lagos

Lagos State Governor, Babajide Sanwo-Olu, has promised that 2025 would be better for the state and its residents as his administration was poised to deliver more projects and services that would improve their lives.

Sanwo-Olu, who said this at a service held in Marina, was convinced that 2025 would be a better year, because his administration was committed to rendering more services to the people to improve their standard of living.

"I am convinced, and that is why my voice is bright this morning. I am convinced that indeed this year, 2025, will be far, far, better than 2024 in all aspects of endeavour.

“But, it is beyond just mouthing or saying it. Yet, there is power in what you say. But you have to put it into action. We have to take a further step to action it.

"So, the action will be taken this year as your leader, as your governor, we have to work twice as hard; we’ll work twice as smart. We’ll work twice

as fast to ensure that what the man of God has said to us fell into order and that we can deliver it quicker, faster and better," Sanwo-Olu said.

He commended the state workforce for putting in their best, but urged them that it was not the time for them to give up, or rest on their oars.

"It is not the time to give up, in difficult times, in difficult moments God will show up, but for God showing up, we have a part to play. We have a role. We have a commitment.

We have our own part of it. Like I have said, it is a command. Rise up. Things will not happen if we don't activate it.

"It is only when we do that, that cause of change we are talking about, that upliftment, that better service to our people will indeed come to past."

Makinde: We’ll Do More for Our People

Oyo State Governor, ‘Seyi Makinde, yesterday, said his government would do more for the people of the state in 2025.

He noted that his administration would embark on decisive actions that would increase Oyo State residents’ spending powers and ease the economic strains they were facing.

The governor stated this in his New Year message aired on the state-owned Broadcasting Corporation of Oyo State (BCOS).

Makinde, who also reiterated the position during the Crossover Service held at the Livingspring Chapel International, Ibadan, on Tuesday night, said he would remain

Abia Revokes Contracts on Management of Four Farm Estates, Initiates Fresh Bidding Emmanuel Ugwu-Nwogo in Umuahia The Abia State Government has revoked, with immediate effect, the contracts for the management of its four farm estates spread across the state, saying that the managers were failing in their contractual obligations.

Termination of the contracts was rather a shocking New Year gift presented to the contractors that have been managing the state-owned cocoa, cashew, oil palm and rubber estates.

The Abia Commissioner for Agriculture, Dr. Cliff Agbaeze, announced the revocations in a statement issued on Wednesday, saying that "the directive takes effect from 1st January 2025".

He said that all the affected investors should "discontinue every activity in all the affected farms forthwith".

Agbaeze explained that government took the decision "following a careful review of the existing contracts on the state’s farm estates across the zones".

According to him, it has become obvious that the contracts "were entered into under terms and conditions that are detrimental to the state and her interests".

"It has further been observed that even the stated terms and conditions of these contracts have been substantially and serially breached by the so-called investors," Agbaeze stated.

The agric commissioner justified the contract revocations, insisting that "it would be irresponsible of this government to allow these breaches to continue nor further subject the state to such clearly compromised conditions".

"This administration has a sacred duty to preserve the state’s resources for the greater good of all Abians in its quest to restore the state to its lost glory," he said.

Agbaeze specifically named the affected contractors as Providence Resources Ltd. in charge of Abia Cocoa Farm Estate, Agbozu; Manglore Farms Ltd. for Abia Cashew Estate, Umunneochi.

Others are South Estate Farm and Agro Investment Processing Company - Ukwa Nkporo Oil Palm Estate; and Great Nobles Integrated Ltd., which manages Ameke and Ndi Oji Abam Rubber Plantations.

The commissioner said that "a fresh open bidding process will be initiated shortly to bring in more credible investors into those farm estates under favourable terms and conditions".

focused and ensure that residents of the state get value for the mandate given to him.

He listed the upgrading of the Ibadan Airport, Alakia to an international status, the first segment of the Ibadan Circular Road and further education and enlightenment of residents as some of the projects the government would embark upon in the New Year.

He also added that his administration would enforce the rule of law across different sectors, noting that more stringent measures would be taken against traffic offences in the state.

Makinde maintained that 2024 tested the resilience of Oyo State residents to the limit, as the state and its people faced so many difficult situations including economic hardship and tragedies in Ibadan.

Mutfwang Pardons to Eleven Inmates

Plateau State Governor, Caleb Mutfwang, has on therecommendations of the State Advisory Council on the Prerogative of Mercy, announced the granting of pardon and payment of fines for eleven deserving individuals, who committed various offences.

They were Moses Reuben, Saleh Muhammadu, Mohammed Ado, Safa David, Timothy Sunday, David Yusuf, Abba Ahmed, Umar Adamu, Mannaseh Dada, Na’answan, and Sunday Joseph.

He also expressed profound gratitude to God for mercies, guidance, and steadfast love for the people of the state in the preceding year, and rededicated the state into God's hands for continued preservation and protection in the year 2025.

In a statement by his Director of Press, Gyang Bere, the governor extended his heartfelt appreciation to the citizens for their unwavering

support to his administration.

He attributed the milestones achieved in 2024 to the prayers, resilience, and tenacity of the people, which have empowered his government to deliver tangible dividends of democracy.

Describing 2024 as a turning point for the state, the governor said his administration laid a strong foundation for rebuilding and repositioning the state for peace and prosperity.

He explained that despite challenges, including litigation, the collective mandate of the people was restored and reaffirmed amidst jubilation.

Wike Hails FCT Residents for Peaceful Coexistence

FCT Minister, Nyesom Wike, has commended the residents of the territory for their commitment to peaceful coexistence and care for each other throughout the past year.

He showered the encomiums yesterday in a New Year to the residents of the FCT. The minister expressed heartfelt gratitude to the residents for cooperating with the administration in implementing its policies and programmes.

He stated that their support and understanding was driving the administration's vision for a better FCT. "As we enter 2025 with renewed hope and optimism, I extend my warmest wishes to you all, and pray that this new year brings peace, progress, and prosperity to every household within the FCT," Wike said.

He noted that while last year was particularly challenging for many, it was admittedly remarkable for the FCT, as the territory recorded significant achievements that have set the foundation for sustained

development.

Bishop Tasks Nigerians to Trust in God

The Bishop of the Anglican Diocese of Kwara and Chairman of the Christian Association of Nigeria (CAN) in Kwara State, Rt. Rev. Sunday Timothy Adewole, has tasked Nigerians to place their trust in God while fostering unity, hard work, and moderation to improve the nation’s fortunes in 2025.

Adewole stated this in Ilorin, the state capital shortly after the New Year service held at the Cathedral of Saint Barnabas Church, Ilorin.

He emphasised the importance of divine guidance, unity, and a balanced lifestyle for national progress.

"We bless the Lord for today.

What we have just put across to the congregants is that this year may not be better than last year if we don't hang everything in the hands of the Lord.

"If we still want to do it within our own wisdom, then history may repeat itself. There is a need for everybody to have a total overhaul in the way we live.

"We should live moderately, trust the Lord, love our fellow brothers and sisters, and work towards unity.

With that, our economy will reverse," he said.

Fubara: God’ll Crush Our Political Detractors This Year

Rivers State Governor, Siminalayi Fubara, has presented the political crisis in the state to God, expressing faith that God would crush all his detractors and enemies of the state in the new year.

Fubara boasted that with the red pen still in his hand, all the enemies of Continued on page 35

NIPR: Nigeria Can Tackle Current Challenges with Effective Leadership

Sunday Aborisade in Abuja

The Nigerian Institute of Public Relations (NIPR), has said the country needs effective leadership to overcome its current socio-economic challenges.

The NIPR President, Chairman of Council, Dr. Ike Neliaku, in a New Year message to Nigerians yesterday in Abuja, said the country possessed the strength, potential and viability to be great as a nation.

He however lamented leadership remains a challenge that needed to be addressed for a better Nigeria.

In the message signed by

the Institute’s Director of Public Relations, Mr. Stanley Ogadigo, the President emphasised that for leaders to be exceptional, they need to communicate effectively.

He said: "It is important to note that value of leadership cannot be quantified. Effective leadership is required across public, private, formal and informal sectors to tackle developmental challenges that the nation faces today."

He admonished citizens to embrace the culture of good followership.

According to him, “It is equally vital to understand that effective

leadership must rest on the shoulders of strong followers for meaningful development to occur."

The NIPR boss said his organisation has the largest body of knowledge in leadership communication in Nigeria.

He therefore said that the institute was willing and ready to support in the efforts to build the capacity of leaders that will offer quality service to the populace.

He charged Nigerians to move into the new year with hope, confidence and faith, engaging in relationships that will inspire a brighter Nigeria.

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NEWS

AIRTEL 5 DAYS OF LOVE OUTREACH...

L-R: Super Mini Franchise Partner for Osun State, Alhaji Olaniyi Olawale Lukman; Regional Operations Director (West) Airtel Nigeria, Pat Olutayo; Commissioner for Culture and Tourism, Osun State, Honourable Abiodun Ojo; State Business Manager (Osun State), Airtel Nigeria, Sherifat Badmus; and State Business Manager (Oyo State), Airtel Nigeria, Olawunmi Adejumo, during the distribution of packed meals to 1,000 individuals at the Airtel Five Days of Love Outreach, held at Freedom Park, Osogbo, Osun State, on Friday, December 20, 2024

PDP: Tinubu’s New Year Speech Signposts Gloom Chuks Okocha in Abuja The Peoples Democratic Party (PDP), yesterday, said President Bola Ahmed Tinubu’s 2025

New Year Day address further confirmed its position and that of most Nigerians that there was no hope in sight for the nation under his administration, because

it signposted gloom.

In a statement by the National Publicity Secretary, of the party, Debo Ologunagba, the party described the speech as a self-

satisfying posturing, which further validated the notorious fact that the Tinubu-led APC administration was completely disconnected and unconcerned with the hardship

MORE LEADERS, GOVS GREET NIGERIANS IN NEW YEAR MESSAGES, SET 2025 AGENDA, RESOLUTION his government will be made to keep quiet unless they turn a new leaf.

The governor made the assertion in the early hours of yesterday, at the crossover service held at St. Paul's Anglican Church, Opobo Town in Opobo/Nkoro Local Government Area of the State.

During the service, Fubara raised a song, with the brethren picking up the lines, and singing along: "At the mention of your name (God), every knee shall bow. At the mention of your name, every tongue confess.

That you are Lord, you are Lord, you are King, you are King of kings."

He explained that the wordings of the song were not just consolatory but a charge to embolden the people to firm up their trust in God, who alone, can navigate the path to greater triumph in the New Year.

"The Red Biro is still filled. It is still here with me. Every plan of the enemy will continue to crash," he said, wishing everyone a happy New Year.

HoS Urges Renewal of Commitment to incorruptible Service

The Head of Civil Service of the Federation, Mrs Esther Didi Walson-Jack, has challenged civil servants to renew their commitment to building an efficient, productive, incorruptible, and citizen-centered Civil Service in year 2025.

She made the appeal in a New Year message to the civil servants.

The HoS commended their efforts in advancing the goals of the Civil Service and contributing to national development, noting that their unwavering dedication and professionalism had been the foundation of the service achievements over the past five months.

"Together, we have made strides in improving service delivery and we are fostering a culture of accountability and efficiency.

"By working collaboratively and embracing opportunities for growth, we can create a world-class Civil Service that drives accelerated national development. Together, we can build a service that inspires the exclamation, "Unbelievable! wow!

Ex-Niger Gov, DG VON Task Nigerians on Need for Patience With Govt

Former Niger State governor, Dr Muazu Babangida Aliyu, and the Director General of the Voice of Nigeria VON, Mr Jibrin Baba Ndace, have admonished Nigerians to be patient with governments as they transform the nation's economy.

They also tasked Nigerians to seize the opportunities provided by government to go back to the farms in order to feed themselves and the nation.

Aliyu and Ndace made the remarks in separate new year messages where they also felicitated with Nigerians on the transition to 2025.

They emphasised the importance of unity, resilience, and hope as guiding principles for navigating the present challenges and those of the future.

Aliyu specifically asked the people of Niger state to "foster peace, harmony, and mutual understanding within their communities", noting that the "collective progress of the state depends on the strength of its people’s bond."

Ndace tasked Nigerians to make 2025 "a year of innovation, growth, and unity" adding that Nigerians "work together to make impactful contributions to our nation and the world"

convicted of various offences ranging from felony, stealing, breaking and entering, assault, threats to life, cultism, armed robbery, illegal entry, logging and unlawful possession, conspiracy, assault and threatening violence, and malicious damage, among a few others.

"Governor Otu explained that it’s important to give a second chance to those pardoned and considered reformed, as well as the need to decongest the prison," the statement said.

He, however, urged Nigerians, particularly the people of the state to welcome the year 2025 with optimism.

In his new year message, Otu urged all Nigerians to embrace this new year with hope.

Bello Calls for Unity, Support for Tinubu

Former governor of Kogi State, Alhaji Yahaya Bello, in his New Year message, has called for unity and also canvassed support for President Bola Tinubu.

Bello was granted bail on December 19, 2024 and released after meeting his bail conditions in alleged money laundering case instituted

against him by the Economic and Financial Crimes Commission.

Kinsmen and supporters, who had been waiting for Bello and the incumbent governor, Alhaji Usman Ododo, stormed the streets, chanting solidarity songs and praying for the continuous upliftment of the state under the new administration.

Speaking at the palace of the Ohinoyi of Ebiraland, in Okene, the former Governor, Alhaji Yahaya Bello, called for unity among the people of the state, assuring them that the current administration, led by Ododo, would deliver more dividends of democracy to all parts of the state.

He urged citizens to exercise patience and pray specially for the president to be able to continue executing his laudable plans and programmes for the country, saying, in the end, Nigeria and Nigerians would be better off for it.

Ododo, on his part, said his predecessor had laid a solid foundation for the sustainable growth and development of the state.

Ododo pointed out that the ability of the Yahaya Bello administration to reform the state's Civil Service Continued on page 37

Nigerians were going through as a result of the ill-implemented policies and gross mismanagement of resources under the President’s watch. ''Nigerians were appalled that despite the prodding by the PDP and well-meaning citizens, President Tinubu’s New Year speech did not articulate any specific direction for the nation or proffer solution to the myriad of problems caused

by APC’s misrule. ''President Tinubu’s speech again underlines APC’s insensitivity to the anguish of Nigerians by failing to present any definite policy roadmap towards reducing the price of petroleum products, addressing the widespread hunger in the land and revamping our ailing productive sector. ''The speech did not articulate any solution-based direction for the critical sectors of electricity, oil and gas, road infrastructure, food production among other areas that are fundamental to the wellbeing of citizens.

“It was also pathetically devoid of a precise plan to address unemployment through strategic investment to stimulate multisectoral Small and Medium Scale Enterprises in the country,” Ologunagba stated.

He stressed further that, ''If indeed the APC administration has the interest of Nigerians at heart, the New Year address would have made definite pronouncements on

the price of fuel especially given that with a deft, transparent and innovative management of resources, economic potentials, comparative advantage, national refining capacity and effective policing of our borders, Nigerians should not pay more than N350 per liter for petrol within the country. ''In any case, from the speech, it is clear that the Tinubu-led APC administration lacks the expected patriotic commitment as well as required capacity, competence and skills to effectively harness and manage the resources of the nation for the good of the citizens. ''Moreover, President Tinubu’s claim in the speech that Nigerians placed their confidence in him as their President is ludicrous and shows that he is disconnected from the reality of his abysmal perception among Nigerians. ''Mr. President must realise that Nigerians have lost faith in his administration, they have since moved on and are eagerly waiting for the next round of election that will mark the end of the nightmare which the APC represents to our nation. ''Our Party however counsels President Tinubu to redeem his image by ending the insensitivity of his administration, listen to Nigerians and get more committed and focused on the purpose of governance which is the welfare and security of the people,'' the PDP spokesman said.

ANI Foundation Empowers Gashaka Women Otu Grants Pardon, Clemency with Rice Mill to Boost Conservation Efforts to 45 Inmates

In the exercise of his prerogative of mercy, Cross River State Governor, Bassey Edet Otu, has granted unconditional pardon to 45 convicts with minor offences.

A press statement from the governor's Press Secretary, Nsa Gill, in Calabar, said Otu's gesture to the inmates was pursuant to Section 212 (1) (a) of the Constitution of the Federal Republic of Nigeria 1999 (Amended).

"The Governor’s action, in the spirit of the new year and the People First Mantra of his administration, was contained in the approval given to the Attorney General and Commissioner for Justice, Mr. Ededem Ani. "The pardoned inmates were

From Wole Ayodele in Jalingo

Africa Nature Investors (ANI) Foundation, operators of Gashaka Gumti National Park, has provided several economic empowerment initiatives for women in Gashaka including a thriving rice mill.

The economic empowerment initiatives, according to the foundation, was part of its strategic plan to boost the standard of living of the communities hosting the park through gainful employment opportunities thereby helping the foundation's conservation efforts.

Some of the empowerment initiatives includes a Savings and Loans Scheme through which interest free loans have been provided for over 2000 women and young men across

over 40 villages and communities.

Similarly, the foundation has trained bee farmers to acquire modern bee keeping methods as well as provide tool kits and hives which has gone a long way to change the economic fortunes of the beneficiaries.

The latest of the economic empowerment initiatives is the provision of a rice milling machine to the Unity Women Group at Goje in Gashaka Local Government Area which has changed the narratives for the women in particular and the entire community as a whole.

Fielding questions from newsmen, leader of the Unity Group, Juliana Maigida disclosed that their living standards have changed since the milling machine was procured for

them.

According to her, “Since we started this group, ANI has always been around to guide and assist us in all we do. Moreso, since they bought this rice milling machine for us, our situation has improved greatly. Our living standards have changed.

"Before now, having three square meals in our houses was always difficult but that is no longer the case since ANI gave us this rice milling machine.

“We were able to save over N600,000 in the first six months.

I must confess that our lives and those of our children and husbands and our community at large, have drastically improved" Also speaking about the farreaching impact of the plant, the

operator of the milling machine, Bello Ali said the operation has provided a source of income not just for members of the Unity Group but also for those who work at the site.

“Since I started operating this machine it has been one success story or the other because I have never encountered any problem with the machine. I work with it all through the week, but Mondays and Tuesdays are usually the busiest days of the week for us here.

"Due to the volume of work, I engaged four assistants and each of them earn between N1,500 and N2,500 daily besides their feeding allowances. Frankly speaking, I must confess to you that my co-workers and I are comfortable and we really appreciate ANI for this great gesture.”

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NEWS

CROSSOVER NIGHT SERVICE...

2024 Crossover Night Service held at Celestial Church of Christ (CCC), Calvary Parish1, Aguda Ogba in Lagos..... yesterday

PHOTO: SUNDAY ADIGUN

Obi Condemns Exclusion of North Central from 2025 Budget

Chuks Okocha in Abuja Former Anambra State governor, Peter Obi, has condemned the non-inclusion of the north central development commission in the 2025 budget estimates.

In a statement, yesterday, Obi said, "The exclusion of the North Central Regional Commission from the budgetary allocations provided to other Regional Commissions in the 2025 proposed budget is deeply troubling.”

Obi, who also called for the immediate reversal of the decision, said, "Such an anomaly does not make for even development and peace that is needed for progress in the country."

He explained that a total of

N2.493 trillion had been allocated to five regional development commissions, with the North Central Regional Commission glaringly omitted.

According to the Labour Party leader, "The North Central region requires special attention due to the severe challenges it faces today.

Relentless terror attacks and banditry in Plateau, Benue, Kogi, and Niger

States have caused immense suffering, resulting in significant loss of lives and forcing countless families into internally displaced persons (IDP) camps.

"These persistent tragedies have made the North Central one of the most affected and vulnerable regions in Nigeria."

He added that, the North Central "Known as the agricultural backbone

of the nation, the North Central region deserves robust support to enhance security, stability, and development for the benefit of the entire country.

"I, therefore, call on the government and National Assembly to urgently review and rectify this decision that will impact negatively on the region and area most needed for the development of the country.”

Onuminya Innocent in Sokoto

governance in the North.

He noted that the challenges made them to form the Northern Star Youth Empowerment Initiative, an governmental organisation championing the course of youth in politics.

The former governor, who is the chairman of organisation noted that the aim was to address pressing regional challenges and foster unity.

"Enough of the recycling of the old that has led us nowhere,” he said, urging the youth, who were in majority to vote for credible, young, fresh, visionary leaders with patriotic ideologies.”

Bafarawa stressed the importance of setting aside differences to unite against regional challenges, emphasising the initiative’s goal of transcending religious and ethnic divisions.

HURIWA Endorses Fubara’s Budget Presentation, Condemns Bafarawa: North Must Reject Recycled Defected Lawmakers’ Protests Old Politicians Leading Us Nowhere

Chuks Okocha in Abuja

The Human Rights Writers Association of Nigeria (HURIWA) has endorsed Governor Siminalayi Fubara of Rivers State’s decision to present the 2025 Appropriation Bill to the authentic members of the Rivers State House of Assembly while denouncing the reported protests from defected lawmakers affiliated with the Minister of the Federal Capital Territory (FCT), Nyesom Wike.

In a statement by the body’s national coordinator, Emmanuel Onwubiko, HURIWA commended Governor Fubara’s resilience and his commitment to upholding constitutional provisions and prioritizing the welfare of Rivers State residents.

The civil rights advocacy group observed that Governor Fubara reportedly presented the N1.188 trillion budget, dubbed the “Budget of Inclusive Growth and Development,” to the legitimate House of Assembly led by Speaker Rt. Hon. Victor Oko-Jumbo, Deputy Speaker Adolphus Orubienimigha, and House Leader Sokari Goodboy Sokari.

The presentation took place at the Administrative Block of the Government House in Port Harcourt.

HURIWA reiterated its stance that lawmakers who defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) had automatically vacated their seats, as stipulated by Section 109(1)(g) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

It clarified that this constitutional provision mandates that any lawmaker who defects to another political party without

a split in their original party forfeits their legislative seat.

According to the association, “The Rivers State High Court, presided over by Hon. Justice Charles Wali, had earlier affirmed this position in its ruling on in May, 2024.

“The court declared the seats of the defected lawmakers vacant and issued an interim injunction restraining them from parading themselves as members of the House or conducting any legislative activities.

“This decision effectively nullified attempts by the defected lawmakers to regain control of the Rivers State House of Assembly”, HURIWA recalled.

The rights body praised Governor Fubara for refusing to engage with the rebellious lawmakers who, despite defecting to the APC, sought to undermine his administration.

The association noted the hypocrisy of Wike’s faction, as Wike himself claims membership in the PDP while simultaneously supporting APC-affiliated initiatives.

“This political duplicity has exposed the selfish and opportunistic tendencies of some Nigerian politicians,” HURIWA remarked.

The association expressed concern over allegations of judicial bias in some rulings made by judges of the Federal High Court in Abuja, accused of favoring the defected lawmakers.

These rulings contradicted constitutional provisions and were subsequently overturned by the Court of Appeal.

HURIWA further criticized reports of housing and land allocations allegedly granted to federal judges by the FCT Minister, describing such acts as unconstitutional and detrimental

to judicial independence.

“The Appeal Court’s decision voiding the erroneous rulings of the Federal High Court has reaffirmed the supremacy of the Constitution and the rule of law. This should serve as a lesson to those attempting to manipulate the judiciary for political gain,” HURIWA stated.

Former Governor of Sokoto State, Dalhatu Attahiru Bafarawa, has said if Northern Nigeria was to develop, it would have to reject recycled old politicians.

Bafarawa made the assertion in a media parley at his resident in Sokoto stressing that there was need for youths to take charge of

MORE LEADERS, GOVS GREET NIGERIANS IN NEW YEAR MESSAGES, SET 2025 AGENDA, RESOLUTION and institute a productive workforce was a solid foundation on which the current administration was thriving.

Adeleke Promises Renewed Soft Infrastructure

Osun State Governor, Ademola Adeleke, has promised a renewed focus on soft infrastructure in the 2025 fiscal year after a relentless two years of infrastructure upgrade of the state.

Addressing the people of the state and residents for the new year, the governor who recalled the many advances of his administration across the sectors, noted that the new year would witness new and continuation of old social programmes designed to cushion the effect of the hard time on the people of the state.

“This new year will witness extensive implementation of soft infrastructure. The goal is to ensure that good roads are complemented by strong bodies, strong citizens, and residents,” the governor assured the people.

While assuring completion of all ongoing projects and new ones listed in the 2025 budget, Adeleke emphasised that his only motivation would continue to be the well-being of the good people of Osun State, promising “to remain as before a responsive, listening, and compassionate governor.”

The governor, who further extended an olive branch to members

of the opposition parties affirmed that he has kept faith with his pledge for transparency and accountability in state’s governance.

“In the last one year, we got and processed several requests for information based on the Freedom of Information Act. We ensured access to information as a transparent and accountable government.

“In the last year and since I assumed office, our projects have been financed mainly from state resources. This includes internally generated revenue and allocations from the federation account. Just as I have not been accessing security votes, I had not borrowed a single kobo to run the state government.”

He appealed to the people to shun religious and ethnic intolerance, which were the cause of the nation’s woes.

“Looking back at all that we went through in the past year, perhaps, the time has come for us to take an introspective look at ourselves in an attempt to get to the root of our problems and challenges.

“The truth of the matter is that, whether it is the downturn in the economy or our security situation, the challenges are traceable to ourselves,” Fintiri added.

He said but for us in Adamawa we have to re-invent the unity of purpose which existed in the state, saying the people should draw strength from the State’s diversity.

Fintiri: We Must Start By Defining for Ourselves the Kind of Future We Want

Mbah Releases Seven Inmates, Pardons One

Adamawa State Governor, Ahmadu Umaru Fintiri, has said Nigerians must start the new year by defining for themselves the kind of future they wanted.

According to him, it is only when they agreed to this that they could unite towards recreating the Nigeria of their collective dreams.

In his new year message, the governor, in a press release by his Chief Press Secretary, Mr Humwashi Wonosikou, said most of Nigeria’s problems were man-made that required conscious efforts by citizens to resolve them

Governor of Enugu State, Dr. Peter Mbah, has granted various forms of prerogative of mercy to eight inmates of Correctional Centres in the state on parole.

A statement by his media aide, Mr. Uche Anichukwu, on New Year’s Day 2025, said the decision was communicated to the Comptroller, Nigerian Correctional Service, Enugu State Command, Mr. Nicholas Obiako, in a letter dated 31st December, 2024 and signed by the Chief of Staff to the Governor, Victor Udeh.

“His Excellency, the Governor of Enugu State in the exercise of his

power (Prerogative of Mercy) under Section 212 of the 1999 Constitution of the Federal Republic of Nigeria (as amended) and in consultation with the Advisory Council on Prerogative of Mercy, Enugu State, has granted various forms of Prerogative of Mercy as presented below to the following convicts (of State offences) in the Correctional Centres in Enugu State,” the letter reads in part.

A breakdown of the reprieves showed that while Mbah approved the release, subject to a one-year parole, of eight inmates who had spent substantial parts of their jail terms for various offences, one offender was granted pardon subject also to a one-year parole, having spent part of his five-year jail term for contempt of court and equally purged himself of the contempt. =The decision was also subject to reports of proven reform in character, ability to reintegrate with the society having possessed or learnt some productive skills, and following recommendation by the Correctional Services and the Advisory Council on Prerogative of Mercy, chaired by the State Attorney-General and Commissioner for Justice, and whose membership comprises representatives of the Nigerian Correctional Service, Carmelite Prisoners Interest Organisation (CAPIO), and the Catholic Institute for Development, Justice and Peace (CIDJAP), among other reputable justice sector institutions.

thursday january 2, 2025 • T H i s d ay

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NEWS

EKITI REVENUE HOUSE FOUNDATION-LAYING CEREMONY…

L-R: Chairman, Ekiti State Internal Revenue Service (EKIRS), Mr Niran Olatona; Speaker, Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye and Ekiti State Governor, Mr Biodun Oyebanji; during the foundation-laying ceremony for the EKIRS head office (Revenue House), in Ado-Ekiti..recently

Oborevwori: Greater Delta ‘ll Emerge in 2025 Omon-Julius Onabu in Asaba

The Governor of Delta State, Sheriff Oborevwori yesterday assured people of the state of greater dividends of democracy in 2025, with a call for more prayers and support for his administration.

Oborevwori in his New Year message issued by his Chief Press Secretary, Sir Festus Ahon, in Asaba, thanked the people of the state for their continued support

for his administration in the past 19 months.

He reaffirmed his commitment to advancing the state through massive investments in infrastructure and human capital development.

Oborevwori expressed gratitude to God for seeing them through 2024 as well as bringing them into 2025, noting that last year was quite challenging for the state and the nation.

Shun Covetousness in 2025, Ooni Tells Nigerians Ayodeji Ake

The Ooni of Ife, Adeyeye Enitan Ogunwusi, Ojaja II, has called on Nigerians to shun the temptation of covetousness, uphold integrity of hard work and compliance with the due process. He also urged the people to stick to rule of law devoid of emotional sentiments irrespective of good intentions in the New Year 2025 as the nation approaches a period of anticipated growth and prosperity under the Renewed Hope agenda of this present federal government .

Speaking at the end-of-the-year thanksgiving ceremony, which was held at the Ojaja Arena located inside The Ife Grand Resort and Industrial Park, Ile-Ife, Ooni Ogunwusi emphasised that Nigeria belongs to all citizens, just as Ojaja Pan Africa Limited belongs to all its staff.

“Let us not allow covetousness to destroy the wealth of our nation,” Ooni declared.

He added that as 2025 promises opportunities to address the challenges Nigerians have faced in the past 18 months, unity and selflessness will be critical in building a prosperous and peaceful nation.

While acknowledging the sacrifices made by Nigerians, Ooni expressed confidence that their patience would yield dividends in the coming year. He concluded by awarding N4 million to the Best Staff of the Year, with other employees receiving various cash prizes and gifts.

Ooni Ogunwusi also offered prayers for a peaceful and prosperous Nigeria, reiterating his commitment to fostering national unity and development.

The end-of -year thanksgiving ceremony at Ojaja Pan Africa Limited organised by his queen, Olori Aderonke Ogunwusi as a supportive pet project remains a cherished tradition to honour the dedication and contributions of the company’s staff across Nigeria.

The governor urged the people to remain prayerful and trustful that God would do new things for them and the state in the new year.

Oborevwori said: “With profound gratitude to God Almighty, I welcome you all to a brand new year, 2025. ”I join you all in giving

thanks to God for His guidance, protection and provisions all through 2024.

“I appreciate immensely the unalloyed support

and cooperation that our administration has enjoyed from the people of the state, which has been a source of encouragement and strength to the government.

‘Implement Business-friendly Policies to Grow Economy in 2025’

The Chairman of Oyo State Christian Association of Nigeria (CAN), Apostle Joshua Akinyemiju, has urged the federal government to implement business-friendly policies to grow the nation’s economy in 2025.

Akinyemiju gave the advice in his New Year message made available to the News Agency of Nigeria (NAN) in Ibadan yesterday.

He charged the government to implement policies that would also reduce tax on food products, support agricultural activities and provide adequate security for the farmers. The Oyo CAN boss urged political leaders to work inline with principles of justice, fairness and equity.

Akinyemiju advised government at all levels and political leaders to see themselves

as representatives of God and be transparent for peaceful coexistence in their constituencies.

“Our economic situation is currently going through a tough phase, we understand is for the greater good but let us be accountable.

“We should continue to cooperate with security agencies to ensure that peace and security are sustained in all nooks and

cranny of the state and country at large.

“To be security conscious at all times is very important as we are the best security officers for ourselves.

“Criminals must not be encouraged or given any opportunity to operate within our neighbourhood. If you see something, say something,” he said.

NSCDC to Expand Operational Area Commands, Stations in Enugu

The Nigeria Security and Civil Defence Corps (NSCDC) has concluded modalities to expand its operational area commands and stations in Enugu State in 2025.

The state Commandant, Mr Elijah Willie, made this known to the News Agency of Nigeria (NAN) in Enug yesterday.

Willie said that each of the 17

Local Government Areas in the state would have an additional NSCDC station.

According to Willie, the additional stations are expected to be established within January.

“The command will increase the stations to two NSCDC stations per council area; thus, from 17 NSCDC stations to 34 NSCDC stations in the state.

“Likewise our NSCDC Area Command Offices, located in each of the three senatorial districts, have been increased to additional three NSCDC Area Command Offices.

“Thus, each senatorial district has two NSCDC Area Command Offices,” he said.

The commandant explained that the expansion became

necessary to get the corps stations/offices closer to the people for more effectiveness.

Willie said that the two stations in each council area would be placed within extremes of each other to strategically cover each council area, adding that the same would be done for the area command offices.

C’ River, Rinehooke Restate Importance of $350m Railway Project The ambitious $350 million Grand Litora Railway project that will connect all major cities in Cross River State, achieved another significant milestone with the presentation of the topographical mapping for the first 104 kilometer CalabarUgep route.

The event took place at the Tinapa Free Zone Resort reaffirming the commitment of Cross River State and Rinehooke Ltd to the

project’s successful execution.

Governor Bassey Otu, who earlier in the year performed the groundbreaking ceremony for the 365km railway line, highlighted the importance of this project as a unifying infrastructure that will link the southern and northern parts of the state, boosting economic growth and connectivity.

The railway project backed by Rinehooke Ltd, an investment

company committed to driving innovation and the development of critical infrastructure, will have its main terminals in Calabar and Obudu, while three sub-stations will be located at Ugep, Ikom and Ogoja.

Speaking on the latest development, Founding Partner/ CEO of Rinehooke Investment Ltd, Nelson Elemi, emphasised the railway’s potential to revolutionise

tourism and stimulate regional development.

He said: “The Grand Litora Railway represents a bold vision for the future of Cross River State and Nigeria at large. By linking major towns and cities in Cross River, this railway will not only enhance mobility and stimulate trade but also open up our state’s unparalleled tourism potential to the world.”

The Nigerian electricity sector is facing a grim outlook, the National Coordinator of the Coalition for Affordable and Regular Electricity (CARE), Mr Chinedu Bosah has said.

Bosah raised the alarm yesterday in an interview with the News Agency of Nigeria (NAN).

He said it was essential to address the issues plaguing

the industry.

According to him, the performance of Distribution Companies (DISCOs) in 2024 has been “abysmal.”

Bosah said the sector was marked by widespread consumer complaints about erratic power supply and sky-high electricity billing.

The energy expert criticised the DISCOs for prioritising

profits over infrastructure investment, which had left the power supply system in disarray.

One of the significant issues affecting the sector, according to him, is the pervasive problem of estimated billing.

“Approximately 55 per cent of households connected to the national grid, around seven million, still lack meters.

“Meters, which should be provided free of charge by the DISCOs, have become an expensive commodity due to a profit-driven meter supply mechanism.

“In 2024, many consumers were forced to purchase prepaid meters at exorbitant prices from Meter Asset Providers (MAP), exacerbating the financial strain on households.

Connect to God’s Power to Succeed in 2025, Says Olukoya Power Sector: Expert Raises the Alarm over of Grim Outlook The General Overseer of Mountain of Fire and Miracles Ministries )MFM), Dr. Daniel Kolawole Olukoya, has called on believers across the world to connect to God’s power, saying God is the only survival strategy to scale through 2025.

According to him, any individual who does not want to be oppressed, suppressed and battered by the wicked and crooked ones must connect him or herself to God, with the ability to see things from God’s perspective through targeted prayers.

He said there will be plenty of open doors for those seeking marital breakthroughs and fruit of the womb breakthroughs this year.

Olukoya stated these during the inter-denominational Cross Over/ Prosperity Night programme of the church held at Prayer City, Lagos -Ibadan Expressway.

He said there is greater hope

for Nigeria and nations of the world in this new because God will raise transformative leaders all over the world.

He therefore declared 2025 a year of restoration.

Olukoya, however, warned promiscuous men who specialise in adultery to desist as the marine world has dispatched their agents in form of ladies to capture souls of men. The general overseer, revealed that more prayers are needed to tackle strange economic and political turbulence , massive weather turbulence like floods and all kinds of weather disturbances.

His words:” The ultimate solution to live year 2025 successfully is to connect to God’s power , you must know God personally and Intimaly this year and ensure your “Spiritual Eyes” are open to see things from God’s perspectives, the way God is seeing it.”

‘NAHCON Remains Neutral in Discharging its Obligations’ The National Hajj Commission of Nigeria (NAHCON) has reassured the public that it would remain neutral in discharging its obligations to stakeholders.

The Executive Chairman of NAHCON, Prof. Saleh Usman, gave the assurance yesterday in a statement by the commission’s Assistant Director, Information

and Publication, Mrs Fatima Usara. ”In the light of recent complaints received after the announcement of the 10 lead Private Tour Operators certified to administer the 2025 Hajj operations under the private sector. ”The commission wishes to inform the public that it

is ready to formally entertain grievances against any of the lead companies. ”This is in line with the Commission’s resolve to address any allegations against its decisions in a just and impartial manner, ” he said.

Usman called on groups with credible evidence justifying why any of the certified companies

were not qualified to be among the lead companies to come forward with their claims on or before Friday, January 3, 2025.. ”Such evidence will facilitate a review of the selection and thorough re-investigation that would enable the commission to take appropriate action should the allegations be substantiated,” he said.

39

T H I S D AY • THURSDAY, JANUARY 02, 2025

THURSDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Home-based Eagles to Open CHAN Camp on Monday

Duro Ikhazuagbe

Nigeria’s preparations to make positive impact at the 8th African Nations Championship scheduled to be jointly hosted by Tanzania, Kenya and Uganda from February 1 to 28 will kickoff on Monday.

Nigeria Football Federation

officials have confirmed to SCORENigeria.com.ng thatthe squad under the watch of Daniel Ogunmodede will return to camp to be properly focused for the tournament after the NPFL went on break until January 25.

The Super Eagles B Team eliminated arch-rivals Ghana 3-1

on aggregate to qualify for the tournament proper to be held in East Africa.

Nigeria will be returning to the competition after a six-year absence.

Incidentally, it was the same Ghanaians that caused Eagles to miss those editions.

Ghana stopped Nigeria from

reaching the 2009 and 2023 finals, in Cote d’Ivoire and Algeria respectively, and also defeated Nigeria after a penalty shootout when a semi-final clash at the 3rd African Nations Championship in South Africa in 2014 ended scoreless.

Apart from exiting Nigeria

from CHAN, Ghana’s Black Stars similarly barred the Super Eagles from reaching the 2022 FIFA World Cup finals in Qatar despite a scoreless finish in the first leg in Kumasi.

In the return leg fixture in Abuja, Thomas Partey scored before a William Ekong penalty evened

the scoreline, but the result was enough to spring the Stars to the final tournament in Qatar at the expense of the Eagles based on the away goal rule.

The delayed 2024 CHAN will kick off on February 1 with the final game expected to be played on the last day of February.

Arsenal Now Second After NewYear Comeback Win at Brentford

Arsenal came from behind to beat Brentford in the first Premier League fixture of 2025 and boost their title hopes.

Bryan Mbeumo put the hosts ahead, but Gabriel Jesus equalised with his sixth goal in four games.

Quickfire strikes from Mikel Merino and Gabriel Martinelli then ensured Arsenal left west

P R E M I E R L E AG U E

London with all three points.

It was vindication for manager Mikel Arteta, who named a changed side with Kai Havertz left out while 17-year-old Ethan Nwaneri made his first Premier League start.

Arsenal are back up to second, six points behind Premier League leaders Liverpool, while Brentford stay 12th.

Brentford took the lead in the 12th minute after Arsenal captain Martin Odegaard sloppily gave

the ball away in midfield. Mikkel Damsgaard intercepted his pass and slid a through ball for Mbeumo.

The Bees forward cut inside and beat former Brentford goalkeeper David Raya at his near post.

But Arsenal, who were below par for the opening 30 minutes, equalised when Gabriel Jesus headed in the rebound after

Thomas Partey's shot was parried away by Mark Flekken.

The Gunners laboured at times during the first half, struggling with the absence of the injured Bukayo Saka.

But they were renewed after the break, scoring twice in three minutes.

The first came when Brentford

failed to clear a corner, Flekken missing his punch, and the resulting goalmouth scramble ended in Merino slamming home from close range.

And they moved 3-1 ahead on 53 minutes when Martinelli cracked a loose ball past Flekken from 12 yards, before easing to victory as Brentford faded.

Kuti Lifts 2nd ATTD Tourney as Ajetunmobi Applauds Sponsors

Gabriel Martinelli mobbed in celebration by Arsenal players shortly after the Gunners came back from a goal down to defeat Brentford 3-1 on New Year day

Kuti Matthew of Lagos State emerged the winner of the 2nd African Table Tennis in Diaspora Tournament at the Ibadan Recreation Club after defeating Basit Abdufatai in the men's singles final.

For his effort, the Nigeria Number One ranked player won for himself the sum of N300,000 while Abdufatai settled for second place and prize money of N200,000.

Sultan Agunbiade won the Most Valuable Player of the tournament with his performance during the competition despite losing out in the Round of 16.

While praising the players and the sponsors of the tournament, the organiser, Wale Ajetunmobi, said it was a successful championship for everyone.

“The competition was a successful one, the players were happy, sponsors also happy, the competition was judged the best in the year 2024.”

Speaking further, Ajetunmobi, assured stakeholders of a better tournament in the year 2025 while also asking for more from the sponsors.

“I want the sponsors and others to look into investing in these young players. This year, we were able to cater for 32 players, but there are so many out there also looking for the same opportunity and we can also extend it to the females too.”

Meanwhile, the African Table Tennis in Diaspora, has extended its utmost gratitude to the Ibadan Recreation Club, the President of Africa Table Tennis Federation, Wahid Enitan Oshodi, the Vice Presiddnt and Technical Director of the Nigeria Table Tennis Federation, Tayo Adesoji, the organiser, Ajetunmobi, Tunji Ojebode and retired ping ponger, Segun Toriola.

The President emeritus of ATTD, Charles Olayinka, said his vision is to groom the next Aruna Quadris, and Segun Toriolas for Nigeria. “We are now expanding to Africa to start assisting players and exposing them to the future ahead.

“We were able to live stream this event for all the ATTD members and table tennis enthusiasts to join and watch through our YouTube channel.

LeBron James: Debut NBA at 18, Still Playing at 40 Super Eagles’ Nwabali Orphaned LeBron James became the first person in NBA history to play as a teenager and past the age of 40 years as the Los Angeles Lakers lost to the Cleveland Cavaliers.

James, who made his NBA debut as an 18-year-old in 2003, turned 40 on 30 December.

He scored 23 points in the 122-110 defeat at the Crypto. com Arena in LA, but 27 from Jarrett Allen helped Cleveland to an eighth straight win.

Widely regarded as one of the greatest basketball players of all time, James last year became the

NBA's all-time leading points scorer.

He has won four NBA Championships, been named Most Valuable Player four times and is in his 22nd season in the NBA, a record he shares with the now retired Vince Carter.

The Cavs remain top of the Eastern Conference and the Lakers are seventh in the West.

Giannis Antetokounmpo finished with 30 points, 12 rebounds, five assists and two steals in the Milwaukee Bucks' comeback win over the Indiana Pacers.

The Bucks were 19 points adrift late in the third quarter but rallied to win 120-112 in Indianapolis.

Shai Gilgeous-Alexander led the Oklahoma City Thunder to a 113-105 home victory over the Minnesota Timberwolves with 40 points, three rebounds, two assists and two steals.

It was a 12th straight win for the Thunder, who remain top of the Western Conference.

The Toronto Raptors suffered an 11th successive defeat as they were thrashed 125-71 at the Boston Celtics, for whom Jayson Tatum

scored 23 points and made eight rebounds.

The San Antonio Spurs cruised to a 122-86 home win over the Los Angeles Clippers thanks to Victor Wembanyama's 27 points, nine rebounds and five assists.

The Memphis Grizzlies won 117-112 at the Phoenix Suns, who have now lost six of their past seven matches.

Jaren Jackson Jr finished with 38 points, 11 rebounds and four assists for the Grizzlies, while Kevin Durant contributed 29 points and 10 rebounds for the Suns.

Galatasaray Celebrate Victor Osimhen @26

Turkish champions Galatasaray have celebrated the birthday of striker Victor Osimhen.

Osimhen clocked 26 years on Sunday and celebrated it back in Lagos with fanfare, gifting the needy and less privileged in the society foodstuffs and hundreds of tricycles amongst other amenities.

However, on his return to Turkey after the yuletide break, Galatasaray presented the Napoli

loanee a birthday cake in training on Tuesday.

It’s now back to business for Osimhen and ‘Gala’ as they continue training for their Week 18 home clash against Goztepe in the Turkish Lig. Galatasaray are on course for a third straight Turkish championship.

They have 44 points from 16 matches, eight points clear of closest rivals Fenerbache.

A Galatasaray official with the birthday cake presented to Victor Osimhen at the team’s training on Tuesday in Istanbul

by Passing of His Mother Duro Ikhazuagbe

Super Eagles Number 1 goalkeeper, Stanley Nwabali, has been orphaned by the passing of his mother.

The South Africa-based Chippa United FC safe hands announced the death of his mother on the X social media platform on New Year day.

“A very very crazy world indeed.

Rip mom, worst year of my life already,” Nwabali announced the sad news with emojis of tears and heartbreak without stating the cause of her death.

The death of Stanley Nwabali’s mother is coming barely two months after the passing of his father last November.

The goalkeeper braved the news of the death of his father on the eve of Super Eagles crucial AFCON 2025 qualifier against Benin Republic in Uyo. He only announced the sad news to his international teammates after the match that ended in a one-all draw.

The irony of Nwabali’s mother’s death was that it occurred barely hours after the Nigerian international posted a video recap of his exploits in the just ended year. He won a silver in the AFCON 2023 that took place last February in Côte d’Ivoire

and helped Eagles to book a place in the AFCON 2025 with a game to spare. He also had a great season with his South African club.

“2024 was a good year, we’re doubling everything in 2025. Thank you Chippa United FC. Thank you Super Eagles. Thanks to all my fans.

Let’s do more!” Nwabali wrote as footnote to that video.

He has now joined the like of Victor Osimhen who has lost both parents.

Nwabali

Thursday, January 02, 2025

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Price: N400

MISSILE

Edward Buba to Bello Turji

“Bello Turji is merely a dead man walking. It will be insulting to try to join issues and words with a terrorist. Before him, there were other terrorists who boasted that they would deal with security forces. Today, they are all taken out. We will do the same with other terrorist leaders like him”—Director of Defence Media Operations, Major General Buba, on the threat of attacks by Turji should the military not release his arrested brother and fellow terrorists

OLUSEGUNADENIYI Pastor Adeboye:The Soun and Public Good THE VERDICT olusegun.adeniyi@thisdaylive.com

T

hroughout history, religions and religious leaders have impacted the affairs of countries. For instance, the ‘Asian Miracle’ is in part explained by the discipline and work ethic integral to the Buddhist religion. Christianity, Hinduism, Judaism, Islam and other religions have also helped to shape societies. This is why some have remarked that with so many Christians and Muslims in Nigeria, there is very little Christianity and very little Islam. It appears that in our country, religion is only capable of serving as a tool for division and exploitation.

It is therefore refreshing to see a Tik-Tok video of the Redeemed Christian Church of God (RCCG) General Overseer, Pastor Enoch Adejare Adeboye delivering what could be termed a ‘palace sermon’ to the Soun of Ogbomosoland, Oba Ghandi Afolábí Oláoyè, Orumógege III. The ‘sermon’ was not about God or the Kingdom of God; it was about the Soun’s own domain.

It is also, in a way, about leadership, although we will get to that later.

Since the former RCCG Pastor in Washington DC was crowned as Soun of Ogbomoso last year, he has been embroiled in a war of attrition with diverse interest groups within the community.

The latest controversy began when the monarch appointed a ‘Palace Imam’, in a not-too-clever attempt to oust the Grand Chief Imam of Ogbomosoland, Dr Teliat Yunus Ayilara II, despite court injunctions restraining such action. It is even more interesting that there is no Mosque at the Palace where an Imam appointed by the monarch can lead prayer! “The fact that he (the monarch) is physically imposing, has considerable wealth and belongs to the IJGB (I Just Got Back) clan from America doesn’t mean he should disrespect his subjects or ride roughshod over us,” a prominent Ogbomosho indigene told me in response to Pastor Adeboye’s video I forwarded to him. “If he (the Soun) doesn’t heed the counsel of Pastor Adeboye, he won’t enjoy his reign.”

But another prominent son of Ogbomoso has a contrary view. “As far as I know, the Kabiyesi has come up with brilliant ideas to develop Ogbomoso, but some people may not be used to his modern ways and perhaps unorthodox style of doing things. He needs time to get more converts to his vision and style,” the man stated while also alluding to where the problem is. “It is common knowledge that a segment of the Muslim community in Ogbomoso are resisting his reign and have recruited others with different agendas under their umbrella. I also understand that even with good intentions, the style of communication matters. That may be where the Soun needs help, but he is a good royal father who enjoys my support and that of most Ogbomoso indigenes.”

What the two contrasting views suggest is that all is not well in Ogbomoso, which is essentially the kernel of Pastor Adeboye’s message to the Soun, that he delivered publicly in Yoruba. It is about inclusion and the limits of temporal power. Although the Soun may be addressed as the unquestionable sovereign (Kabiyesi), Pastor Adeboye used a simple story to illustrate why the monarch must also recognize other “principalities and powers” in his domain if he wants to stay long and stay well on the throne. Interestingly, Pastor Adeboye prefaced his ‘sermon’ (delivered in four minutes) with apologies to non-Yoruba people who were with him during the encounter with the Soun. He said it would be disrespectful to address a Yoruba monarch in English. While still struggling with

Pastor Adeboye

Soun Ogbomoso

the interpretation, I discovered that Dr Lasisi Olagunju used the same intervention by Pastor Adeboye in his ‘Monday Lines’ column to address the issue of leadership in Nigeria. I have secured permission to reproduce his rendition of Pastor Adeboye’s message to the Soun: Several years ago, there was an incident in a town called Ejigbo. It was noticed that the kings there died as soon as they ascended the throne.

Then, it was the turn of a young man to be king. His case was a very precarious one. If he became king, he would die. If he refused to be king, it would be the end of his royal lineage in that town because he was the very last prince there alive. One day, the young prince was going to the farm in great sorrow. Then, he bumped into an old man because he was troubled. He begged the old man for forgiveness. “Omo aládé, kí ló dé?” (Prince, what is the problem?), the old man asked him. He told the old man his problem. “It is my turn to be king, but I don’t want to die.”

The old man listened to him; then told him it was a simple thing. ‘On the day of your enthronement, tell your drummers not to repeat the beat they used for your predecessors. They

should change it.’ The old man then told the prince what his beat should say. Between them, it was a secret. The D-Day came. He became king. It was time for celebrations. The king came out to dance round the town. The witches of the town, devourers of the earlier kings, assembled as usual under their tree, waiting for the drumbeat.

The old beat was: Eléjìgbò l’ó l’Èjìgbò; Èmi nÌkan ni mo l’Èjìgbò.

(Eléjìgbò, the king, owns Ejigbo; I alone own Èjìgbò).

But by the time the drummers of the new king started beating the drum for him, they came with a new beat: Eléjìgbò l’ó l’Èjìgbò; T’èmi tì’e l’a l’Èjìgbò.

Eléjìgbò l’ó l’Èjìgbò; Gbogbo wa l’a l’Èjìgbò.

(Eléjìgbò owns Èjìgbò; You and I own Èjìgbò.

Eléjìgbò owns Èjìgbò; We all own Èjìgbò).

The witches exchanged glances. “This is strange!

Who gave this young man this wisdom?” That was how the young king danced round the town. He was king and he was on the throne for a very long time.

Most citizens understand every drumbeat from their leaders. It is therefore a tragic error for a leader (political or traditional) to lose sight of his people, whether by neglecting their needs, failing to communicate effectively, or ignoring their perspectives. To situate that within the context of Nigeria, those who lead (at all levels and in all spheres) should understand that the old drumbeat must give way for the new, especially in this year 2025

In his column, Olagunju said he took Pastor Adeboye’s intervention “as a sermon for all who think or take themselves to be owners of Nigeria.” Since conventional wisdom teaches that to whom you can whisper, you need not shout, I also believe Pastor Adeboye’s message was not only for the Soun but all those who hold positions of authority in our country. Otherwise, he could have quietly invited the monarch to Redemption Camp and deliver his ‘homily’ to him alone. But it is also a message that the Soun needs.

Even from Oba Ghandi’s public explanation regarding the crisis within his domain, it is evident that he may not be getting the right counsel.

“Soun Ogunlola who founded the throne was a pure traditionalist; he worshipped Ogun deity.

We Christians and Muslims are just intruding so to say; it originally belonged to the traditional religion worshipers so we should encourage religious harmony,” he said while dismissing the insinuation that the crisis is about religion.

“I have refused to remove him (Chief Imam Teliat) despite him taking me to court. But I told him, ‘You can’t take me to court and be leading me in prayer’, We don’t go to court and become friends. You that took me to court your intention is to win, to win against the Oba, and you call yourself an indigene of this town.

Such prayer can’t be answered, I believe. I am a pastor, if I take my member to court will I lead prayer, and such member will say amen?”

The monarch further said: “I have been an alfa (pastor) for 32 years; I believe Imam Teliat was still wearing pants then. That is the truth. And as Christians, we don’t mount the pulpit to abuse a king, I don’t know your religion much but in Christendom, we don’t do that, although some pastors say nonsense too.”

It is just as well that Pastor Adeboye ended his story to the Ogbomoso monarch with a familiar line in Yoruba adage: “Kabiyesi, half a word, as they say, is enough for the wise.”

Even if we discount the preeminent position he holds in Christendom in Nigeria, Pastor Adeboye is also a grand old man of 82, which means that he has been around long enough to have seen things. The Ogbomoso Kabiyesi would do well to listen to him. More importantly, other religious leaders could also learn a thing or two from this kind of intervention, especially those who have continued to use the pulpit to fan the embers of division and sow the seeds of discord in the land—just to earn the momentary applause of the mob. A multicultural nation like ours can only survive on mutual respect, inclusion and tolerance.

Now to the bigger picture. A crucial element in Pastor Adeboye’s story is the Yoruba Talking Drum that has been described as “Africa’s most essential and culturally significant instrument,” and an “assertive communication, healing, and empowerment tool.” It is often deployed to create sounds like words while connecting listeners with ancestors and sharing deep messages which perhaps explains its association with Yoruba palaces. The multivocality is where the Yoruba talking drum derives its power, a point of reference in African scholarship. This has given rise to a proverb: Kò sí enì tó mo èdè àyàn, à fi eni tí ó mú òpá e lówó (Only the man who wields the stick understands what the drum is saying). But the initiated, like the witches in Pastor Adeboye’s story, hear every word (and understand the embedded meaning) from the talking drum.

NOTE: Piece concluded online.

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