WEDNESDAY 22ND JANUARY 2025

Tinubu to Ogoni Leaders: We Can’t Heal Past Wounds, If We Continue to Be Angry

past if they continued to be angry. The President, who assured the Ogoni leaders that his administration would prioritise peace, justice, and

sustainable development of the area, however, directed the National Security Adviser (NSA), Malam Nuhu Ribadu to coordinate inclusive negotiations

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with the Ogoni leaders. Speaking at a meeting at the State House in Abuja, Tinubu called for unity and reconciliation, and urged Continued on page 9

Directs NSA Ribadu to coordinate inclusive negotiations with them Says his govt'll prioritise peace, justice, sustainable devt in the land yesterday, appealed to leaders of Ogoniland in Rivers State, to put the past behind them, because it would be hard to heal the wounds of the

the Ogoni people to set aside historical grievances and work together to

Bagudu: Tinubu Steering Economy in Right Direction, Determined to Stay Course

Says petroleum, solid minerals, creative industry sectors tasked to unlock potential Explains how tax reform bills’ passage will achieve 18% revenue-to-GDP target President’s reforms will reset Nigeria, says Gov. Sani Insists pains associated with FG’s policies temporary

TINUBU MEETS OGONI LEADERS...

Deji Elumoye in Abuja and Blessing Ibunge in Port Harcourt President Bola Ahmed Tinubu,

L-R: Rivers State Governor, Sir Siminalayi Fubara; President Bola Ahmed Tinubu; FCT Minister, Nyesom Wike; Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari and others during the president’s audience with delegation of Ogoni Leadership at the Presidential Villa, Abuja... yesterday

PHOTO: GODWIN OMOIGUI

NEMA'S ASSESSMENT VISIT TO FAMILIES OF TANKER FIRE...

L-R: Deputy Speaker, Niger State House of Assembly, Hon. Afiniki Daudu; Director General, National Emergency Management Agency (NEMA), Mrs Zubaida Umar; and Chairman of Gurara Local Government Area, Alhaji Abdulhalim Abubakar, during the assessment visit and presentation of relief items by NEMA DG to families of the victims of the weekend tanker fire that recently occurred at Dikko Junction in Niger State

NEITI Expresses Support for Tax Reforms Bills, Wants Policy Gaps Plugged

Says bills have potential to transform Nigeria's tax system TUC backs inclusion of derivation component in VAT

Emmanuel Addeh and Onyebuchi Ezigbo in Abuja

The Nigeria Extractive Industries Transparency Initiative (NEITI) has backed the tax reform bills currently before the National Assembly. NEITI also identified areas of the proposed law that needed to be worked on.

NEITI’s position was contained in a memo signed by its Executive Secretary, Dr Ogbonnaya Orji, and addressed to the leadership of the National Assembly and Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele.

The memo said, “The bills have the potential to modernise Nigeria’s tax system, streamline and broaden its administration and tax base to align with global best practices.”

Orji disclosed that NEITI’s observations followed a detailed review of the draft legislation, which showed extensive research and consultation to produce the innovative provisions currently being deliberated upon.

The draft tax bill, NEITI stated, emphasised consolidation of legal frameworks, taxing digital assets, resident and non-resident taxation, and measures to curb tax evasion, while demonstrating a strong commitment to fiscal transparency and efficiency.

“A detailed review of the bill revealed that it has the potential to impact positively on revenue generation, household livelihoods, job creation, and overall economic opportunities,” a statement signed by NEITI's spokesperson, Obiageli Onuorah, said.

As an agency with legitimate interests in the draft legislation, NEITI said the public debate generated by the bills underscored the overwhelming public interest by Nigerians and the need for

greater clarity and trust in its provisions.

Despite the potential of the bills, NEITI said its section-by-section review of the draft law revealed its strengths and weaknesses, particularly as they affected the extractive industries, which is the core of NEITI’s specific mandate. It made several recommendations to bridge the gaps in the implementation of the proposed law.

NEITI said, for instance, Sections 1 and 2 aimed to ensure a unified tax legislation across Nigeria for all individuals and legal entities. It stressed, however, that the sections did not have explicit guidelines to harmonise federal and state tax laws and clarify roles of sub-national governments.

Commending the intent of the bills on unifying tax administration in the country, by repealing existing Acts and consolidating them into a single framework, NEITI stated that careful management of the transition process and robust public awareness campaigns were critical to avoid administrative confusion.

On implications of the tax law for the oil, gas and mining industries, including income, petroleum operations, VAT, and tax incentives, NEITI recommended the introduction of clauses to address issues of alignment with state tax systems and provide guidance for resolving jurisdictional conflicts. It stated that the provision on taxation of digital assets aligned with global practices. But it called for clear definitions of the taxable assets and events, and valuation guidelines to be established to ensure effective reporting mechanisms and implementation, allowing for exemptions or phased implementation for small businesses, to support growth.

On Resident and Non-Resident Taxation, NEITI commended the provision

for significant economic presence, but said it required clear criteria to avoid disputes and challenges in enforcement.

While the provision requiring minimum effective tax rates for foreign subsidiaries was desirable to curb profit shifting, NEITI said collaboration with international tax authorities was essential for its success.

The transparency and accountability agency stated further that it supported the provisions on taxation of undistributed profits, but advised that consideration must be given to small and medium enterprises (SMEs), to avoid disproportionate impacts on

their businesses.

The agency also recommended the provision of exemptions for small businesses or start-ups to encourage reinvestment and growth, stipulation of explicit thresholds for significant economic presence to simplify enforcement and compliance with taxation of non-resident persons.

On taxation of petroleum operations, NEITI called for the reduction of hydrocarbon tax rates for smaller operators to promote industry participation. It called for expansion of incentives for carbon capture and the introduction of incentives for renewable energy

development projects and energy transition investments to align with energy transition goals.

Describing the provisions on Stamp Duties and Value Added Tax (VAT) as comprehensive, NEITI observed that its enforcement in the informal sector and compliance burdens on SMEs remained concerns to be mitigated.

It said the success of efforts to provide relief on double taxations would depend on robust international agreements and institutional capacity to effectively implement the scheme.

NEITI called for the reassessment of tax rates for small-scale service

providers, including the simplification of processes for compliance with Excise Duty on Services to ease their burden. Among others, it recommended the streamlining of application procedures and the provision of technical support for applicants for Economic Development Tax Incentives; and definition of eligible sectors exemptions from Stamp Duties and VAT transactions for greater transparency. Meanwhile, Trade Union Congress (TUC) welcomed the proposed inclusion of a derivation component in VAT distribution among the three tiers of government.

NLC Asks Power Minister to Resign Over Reoccurring Grid Failures

Insists plan to spend N8bn on electricity sensitisation frivolous

Onyebuchi Ezigbo in Abuja

The Nigeria Labour Congress (NLC) has urged the Minister of Power, Adebayo Adelabu, to step down if he is not able to stop the persistent collapse of the national electricity grid.

The Labour movement also criticised the proposal by Ministry of Power to set aside a whooping N8 billion in the 2025 proposed budget to sensitise the Nigerian public on how to pay their electricity bills, describing it as frivolous and questionable.

In a statement signed by the president of NLC, Joe Ajaero, the Congress said the country's power sector was on the brink of collapse as a result of incompetence by those

at the helm of affairs.

It said: "The power sector in Nigeria is at the brink of collapse as the helmsmen have repeatedly shown gross incompetence. It is a sector where the National Electricity Regulatory Commission (NERC) despite the enormous power invested in it by the Electricity Act of 2023 has continuously demonstrated incapacity to regulate or outrightly refused to discharge its responsibilities to electricity consumers in Nigeria while the Minister in charge is enamored with seeking about N8 billion to teach Nigerians how to pay electricity bills.

"It is therefore not surprising that power grid collapse is now a constant as it has continued to succumb to greed

Oyetola Seeks Increased Budgetary Provision for Marine, Blue Economy Ministry

The Minister of Marine and Blue Economy, Adegboyega Oyetola, yesterday advocated a greater budgetary provision for his Ministry.

He said this at the 2025 budget defense of the proposed total capital budget of N11,770,533,003 before the joint committee of the Senate on Marine Transport and House of Representatives Committee on Harbour, Maritime Education and Administration, Inland Waterways and Shipping Service.

Oyetola in his address said the quantum investment through the capital budget was necessary for

the Ministry to deliver on its lofty mandate and potential

To this end, he noted that the overhead of N453,856,327 though inadequate was for the committee’s consideration.

"For clarity, I wish to state that three of the agencies under the Ministry, namely: NPA, NIMASA, and NSC, are fully self-funding and make significant remittances to the Consolidated Revenue Fund (CRF/ TSA), the National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, Oron derives their funding from both the FGN Budget and Internally Generated Revenue.

"The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) based on my passionate plea has been readmitted into the budget for funding albeit and erroneously under the Federal Ministry of Transport. I trust that you will rectify this."

Oyetola noted that the five agencies under the Fisheries and Aquaculture sector (Institutes and Colleges) were expected to come fully under the Ministry in the 2025 Budget and sought also the cooperation of the Joint Committees on it.

"The total capital appropriation for the Federal Ministry of Marine

and Blue Economy in 2024 Budget is N10,848,512,984.

"The sum of N9,973,802,613 has been utilised/committed at the end of December 2024, remaining a balance of N874,710,371. This will be expended in the 19 Quarter of 2025."

In addition, he maintained that the sum of N191,086,917 was appropriated for overhead expenditure and that the sum of N191,086,917 was released up to December 2024.

"As a newly created Ministry our initial focus to set up enduring structures and systems for the effective management of the blue economy sector.

and crass incompetence.

"If the Ministry of Power is manned by competent officials, the now embarrassing constant grid collapse would have been averted instead of the worrying statement by the Minister that this will continue as if this has always been the norm.

"We believe that this is a clear admission of incapacity and failure by the Ministry and we wonder why they would not do the honourable thing by resigning."

NLC noted that whereas the Minister was seeking N8 billion to educate Nigerians, contractors in the Transmission Company of Nigeria

(TCN) who help in delivering capacity are owed over N200 billion. The Labour movement said at a time when millions of Nigerians were grappling with crushing poverty, runaway inflation, and the unbearable weight of a failing economy, “it is both insulting and tragic that our leaders find it appropriate to squander public funds on such frivolities.” It expressed outrage over the statement credited to the Minister of Power, during his recent budget defense in the National Assembly where he allegedly defended the proposal to spend N8 billion on sensitisation on how to pay electricity bills to private sector entities

The Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has congratulated Nigerian-born broadcaster Richard Edoki, on his nomination for Best Newcomer at the National Hospital Radio Awards 2025, in the United Kingdom.

This was contained in a congratulatory message issued by the Commission's Director of Media, Public Relations and Protocols Unit, Abdur-Rahman Balogun in Abuja.

Dabiri-Erewa commended Edoki's efforts as a shining example of Nigerian excellence in the diaspora, while wishing him success at the Awards Ceremony, set for April 5, 2025, in Leicestershire.

The National Hospital Radio

Awards is a yearly event organised by the Hospital Broadcasting Association (HBA), to honour brilliant contributions to hospital broadcasting across the UK. Richybongo, the host of African Vibe with Richybongo on the Community & Hospital Broadcasting Network (CHBN Radio), Cornwall, has been recognised for promoting African culture and fostering diversity and inclusivity through his Sunday evening radio programme. The programme's objective is to promote African heritage while building bridges with the Cornish community. Richard Edoki worked in Nigeria at Silverbird/Rhythm as a Broadcaster before relocating to UK some three years ago.

Kasim Sumaina in Abuja

SECOND EDITION OF LAGOS CANVAS...

At World Economic Forum, Shettima Markets

Nigeria, Africa as Investment Destination

Says Africa has, indeed, woken up Holds bilateral talks with Botswana president Meets WTO DG, Okonjo-Iweala

Vice President Kashim Shettima has said serious investors can now take unfettered advantage of Nigeria’s growing investment climate to tap from the limitless opportunities in the country and the African continent.

Shettima spoke on Tuesday in Davos, Switzerland, during a forum, titled, "Roadmap to Co-create Investment Opportunities for Africa's Frontier Markets," at the ongoing

annual meeting of the 2025 World Economic Forum (WEF).

At the session, which was co-chaired by Managing Director of WEF, Mirek Dusek, and Senior Vice President, African Development Bank (AfDB) Group, Marie-Laure Akin Olugbade, discussions focused on the Humanitarian and Resilience Investing Roadmap for Africa.

Shettima told the forum that the tales they heard about the country and the African continent as a whole

were really not that of doom and gloom, as being painted by doomsday proponents.

The vice president, in a release by his media assistant, Stanley Nkwocha, stated that Nigeria was poised to invade the global business platform with modernisation and robust investments. He assured that President Bola Tinubu, a seasoned chartered accountant, was working to make Nigeria a key investment destination in Africa.

According to him, "For 20 years, I have been in the Nigerian banking industry. I was a general manager in Nigeria's largest bank, Zenith Bank. I grew up in that ecosystem. The president himself is a seasoned chartered accountant. So, I believe that Nigeria is ready for business, Nigeria is ready to embrace the path of modernisation with very robust investment."

Acknowledging, however, that the country might still have certain

Finance Commissioner: Ogun's N1.05 Trillion Budget to Fast-track Development, Prosperity

James Sowole in Abeokuta

The Ogun State Government has said that the 2025 budget of N1.05trn, is aimed at executing projects that would set the state in the path of development and prosperity.

The Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo, stated this during the highlights and breakdown of the 2025 budget tagged "Budget of Hope And Prosperity", held at Oke-Mosan, Abeokuta.

He said the increase in the 2025 budget was to continue on the implementation of qualitative and affordable education, healthcare delivery, housing, provision of critical road infrastructure, youth empowerment and other essential services for the good of the people.

He said the state's budgets have increased from N335bn in 2020 to

N1.1trn in 2024 as a result of the reforms put in place and the blockage of leakages and loopholes.

He said: "We have significantly increased our Internally Generated Revenue (IGR) through lots of reforms in lands, payments, industry, trade and investment where you can do business online. We have also done a lot of internal reforms to drive efficiency as well as digitized the entire internal revenue service."

Okubadejo stated that Ogun State is expected to generate N194bn from Ministries, Departments and Agencies, N121bn from internal revenue service and N228m from federal allocation from N199bn in 2024.

Also speaking, Commissioner for Budget and Planning, Mr. Olaolu Olabimtan, said the N1.05trn budget is broken down into N600bn for Capital and N400bn for Recurrent Expenditures, which is a 50 percent

increase over the 2024 budget which stood at N703bn.

"For us, what is significant which is why we keep coming first whenever we are ranked in the IGR and its sustainability is that the percentage of our funding from the federation account keeps going down and that is a deliberate attempt on the part of this government to ensure sustainability.

"We will spend more on capital expenditure than we spend on recurrent. Personnel cost is expected to be N125bn which is 12 percent, Overhead Cost of N216bn or 20 percent of the budget and Consolidated Charge of four percent giving us a total Recurrent Expenditure of N455 bn which is 43 percent," Olabimtan said.

Speaking on the education sector, the Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu, said N178bn or 17 percent

of the budget was allocated to the education sector and this would be used for the building 12 mega smart schools, each containing 900 classrooms.

Other projects to be carried out by the ministry included fencing of schools to provide security for learners and their teachers, providing basic amenities like boreholes, renovation of dilapidated classrooms, among others.

In the agricultural sector, the Commissioner for Agriculture and Food Security, Hon. Bolu Owotomo, said the state is ready to revive all the farm settlements, increase productivity through effective agricultural value chain, bring more youth and women into agriculture, as well as promote dry season farming through the distribution of 1000 water pumps to farmers.

deficits, Shettima pointed out that Nigeria was looking up to the African Continental Free Trade Area (AfCFTA) to address the challenges.

He stated, "We are having a huge deficit but we are looking forward to the AfCFTA, and that involves investing in infrastructure, for instance, the coastal highway from Calabar to Lagos is the largest single investment in Africa. We are building corridors to the north.

"We have the West African gas pipeline. We are thinking ahead of time akin to the Belt and Road Initiative. We are partnering with 14 African countries to invest in gas infrastructure down to Morocco."

Shettima insisted that Africa was not all about tales of doom and gloom, maintaining that the continent has woken up from its slumber.

Likening Napoleon Bonaparte's opinion about China to the case of Africa, the vice president said, "So, Your Excellencies, ladies and gentlemen, the stories you hear about Africa are not that of doom and gloom. From DRC to Somalia, South Africa, Egypt, Ethiopia, Ghana, and Cote d'Ivoire, Africa is waking up from its slumber.

"I remember what Napoleon Bonaparte said about China. He said, ‘China is a sleeping giant but when she wakes up, she will rattle the world.’

“So, Africa has woken up and we will take our rightful place in the comity of nations because as I said earlier, the trajectory of global growth is facing Africa. We are the youngest continent."

Borrowing a leaf, also, from the

late Nigerian Head of State, General Murtala Mohammed, Shettima said Africa had come of age and could no longer be treated like an adolescent. He said, "I want to quote Murtala Mohammed – a Nigerian military leader at an extraordinary summit of the OAU, about 50 years ago. He said, ‘Africa has come of age, it is no longer under the orbit of any extra-continental power, and it shall no longer take orders from any country, however powerful.”

Meanwhile, in a show of African leadership collaboration at the WEF in Davos, Nigeria's vice president, on Tuesday, joined South African President, Cyril Ramaphosa, as special guest of honour at a highlevel briefing, following his earlier participation in the Africa Investment Forum.

Similarly, Shettima and President of Botswana, Duma Boko, on Tuesday held a bilateral meeting where areas of mutual interest between both countries were discussed.

The meeting, which took place on the side-lines of the WEF 2025, was part of Nigeria's commitment to fostering stronger intra-African relations and economic cooperation. Both leaders emphasised the importance of leveraging their countries' strengths to promote mutual growth and development.

Shettima congratulated Boko on his election victory, and called for deeper partnerships among African nations.

During the meeting, Shettima welcomed Director General of World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, and introduced her to the Botswana president.

The Lagos State Government will generate a combined capacity of not less than 100 million gallons of pipe borne water daily from its major water works when the laying of pipes network is completed.

This was revealed on Tuesday when the State Commissioner for the Environment and Water Resources, Tokunbo Wahab led state officials on an official visit to the State Water Corporation Adiyan 1 and 2 waterworks. Wahab who spoke with newsmen after the extensive tour during which he took briefings from the consultants on Adiyan 2 and management of the State Water Corporation said the present

administration is committed to ensuring that pipe borne water gets to all parts of the state.

He stated that part of measures to make the move realisable is the ongoing laying of an 8.1km water pipe network to serve some communities in Lagos State.

He explained that the Adiyan Water Works 1 is built to supply 70 million gals per day, Adiyan Water Works 2 will supply 11 million per day, Iju water works to supply 5 million per day and Ishashi Water Works to supply 5million with an estimated total of about 100 million gallons of water per day to service Lagos State.

"The water project is a major

project that the Governor, Babajide Sanwo-Olu is determined that we must solve in the state; and to solve it, we have to come to Adiyan 1 & Adiyan II to assess the level of ongoing project because it is the biggest that is expected to pump 70million gallons per day," he said.

He said the project being a massive one is closely monitored by the Ministry, adding that it will be completed by the last quarter of the year 2027. He added that a total length of 8.1Kilometre of about 1600mm Diameter Ductile Iron (DI) pipes for raw water pumping mains are being laid along the stretch of the expansive Adiyan premises.

The Minister of Housing and Urban Development, Ahmed Dangiwa, has highlighted the urgent need for increased budgetary allocation to deliver the presidential mandate of providing affordable housing and reducing its deficit in the country.

Besides, the minister blamed the constantly rising cost of building materials as a major setback for the growth of the housing sector, despite the efforts of the players in the industry to close the housing supply gap.

Dangiwa spoke during the 2025 budget defence before the Senate Committee on Lands, Housing and Urban Development and the House of Representatives Committee on Housing and Habitat respectively.

The senate committee is under the chairmanship of Senator Aminu Tambuwal, while the House of Representatives committee is headed by Hon. Abdulmumin Jibrin, according to a statement in Abuja by the Director of Press and Public Relations in the ministry, Salisu Haiba.

Dangiwa, who alongside the Minister of State, Yusuf Ata, led the management staff of the ministry to the budget defence, also presented the 2023/2024 budget performance of the ministry.

In his presentation, he highlighted the ministry's priorities for 2025, emphasising the need to complete ongoing housing projects, slum upgrading, and urban renewal programmes across the nation.

Dangiwa also listed the focus areas

of his ministry in the 2025 budget to include; construction of 20,000 housing units under the Renewed Hope Housing Agenda, and completion of national housing projects in over 20 states and the Federal Capital Territory (FCT). Accordingly, the minister urged the committee to increase budgetary allocations in seven key areas which he said were critical to the transformative policies and programmes of President Bola Tinubu to put the economy on the path of recovery and growth. The seven key areas he mentioned were: Increased funding for the completion of ongoing housing projects; enhanced allocation for slum upgrading and urban renewal programmes and additional resources for the national housing projects.

L-R: Lagos State Commissioner for Tourism, Arts and Culture, Mrs Toke Benson-Awoyinka; British Deputy High Commissioner, Jonny Baxter; Chief Executive Officer, Ebonylife Media, Mo Abudu; Governor of Lagos State, Mr. Babajide Sanwo-Olu; and Founder, Woodhall Capital, Moji Hunponu-Wusu, at the second edition of Lagos Canvas, in Lagos... recently

Emmanuel Addeh in Abuja

Deji Elumoye in Abuja

BILATERAL MEETING ON THE SIDELINES OF ONGOING ANNUAL WEF MEETING...

R-L: Vice President Kashim Shettima; Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala; and President of Botswana, Duma Boko, during a bilateral meeting on the sidelines of the ongoing annual meeting of the World Economic Forum ( WEF) in Davos, Switzerland..... yesterday

Exit Threat: WHO Urges US to Reconsider Decision to Quit Global Health Body

As CMDs warn hospitals emptying over health workers’ mass exodus

Onyebuchi Ezigbo and Adedayo Akinwale in Abuja

World Health Organisation (WHO) urged the United States of America to rescind its plan to quit membership of the organisation.

WHO said over seven decades, the organisation and the USA had saved countless lives and protected Americans and all people from health threats.

A statement by WHO said the announcement by the United States that it intended to withdraw from the organisation was regrettable.

In another crucial health sector development, Chief Medical Directors (CMDs) of Teaching Hospitals warned that mass exodus of health workers would continue due to poor remuneration.

CMD of Lagos University Teaching Hospital (LUTH), Professor Wasiu Adeyemo, his University College Hospital (UCH), Ibadan, counterpart, Professor Jesse Abiodun, among others, spoke on Tuesday in Abuja when they appeared before the House of Representatives Committee on Health Institutions for 2025 budget defence.

Seeking reversal of the US plan to exit the global body, WHO stated, "WHO plays a crucial role in protecting the health and security of the world’s people, including Americans, by addressing the root causes of disease, building stronger health systems, and detecting, preventing and responding to health emergencies, including disease

outbreaks, often in dangerous places where others cannot go."

The organisation said the United States was a founding member of WHO in 1948 and had participated in shaping and governing WHO’s work ever since, alongside 193 other member states, including through its active participation in the World Health Assembly and Executive Board.

WHO further stated, "For over seven decades, WHO and the USA have saved countless lives and protected Americans and all people from health threats. Together, we ended smallpox, and together we have brought polio to the brink of eradication. American institutions have contributed to and benefited from membership of WHO.

"With the participation of the United States and other member states, WHO has over the past seven years implemented the largest set of reforms in its history, to transform our accountability, cost-effectiveness, and impact in countries. This work continues.

"We hope the United States will reconsider and we look forward to engaging in constructive dialogue to maintain the partnership between the USA and WHO, for the benefit of the health and well-being of millions of people around the globe."

On the exodus of health workers, Adeyemo stated that the rate at which medical workers were leaving the country was alarming, saying there is a need to act fast to address the situation.

He stressed that despite the federal government’s investment in health infrastructure, tertiary health hospitals were facing threats of becoming empty, as doctors, nurses and other skilled health workers left in droves.

Adeyemo stated, "People resign, not even retirement, resignation almost every day. Yes. In the next one or two years, we are going to have all our hospitals empty. We need to do something about the remuneration of all the health care workers.

"Otherwise, government is putting a lot of money into infrastructure, and

we are going to have empty hospitals. The major reason why people leave is for economic reasons. Consultants are earning less than $1,000.”

On 2024 budget performance, Adeyemo informed the committee that they had a total budget of N19.2 billion out of which personnel had N13.57 billion and a total overhead of N33.2 million.

He explained that budget performance and overhead were 100 per cent as of December.

“For the total personnel, 91 per cent performance, but for the capital

project 45 per cent. So outstanding is 55 per cent. If November and December are released today, we would cover maybe about 85 per cent,” Adeyemo explained.

On his part, Abidogun said out of N5,593,110,394 capital appropriation in 2024 budget, only 38 per cent of the funds was released, leaving a balance of 72 per cent.

He said, "We have the 72 per cent left. Yes, we are actually among the last people to be batched for payment, and the payment started coming in actually in December. We were able

to even utilise this 38 per cent because we had already done the cash plan before the release.

"For 2025, for the capital, we are proposing N4, 387, 763,661 for capital. This is a bit less than what we had in 2024. And that's because of this envelope system, what we're given, we have to work with it.

"The overhead, we have N690,006,464 only. There's a bit of increase over that of 2024 because of the outrageous bills we are getting from Ibadan Electricity Distribution Company.”

FG Alerts Public on Confirmed Anthrax Outbreak in Zamfara

The federal government through the Federal Ministry of Livestock Development has alerted the public of a confirmed outbreak of Anthrax in a farm in Zamfara State.

A statement on Tuesday issued by Mr. Ben. Bem Goong, Director, Information and Public Relations Department, in the Federal Ministry of Livestock Development, said the development calls for heightened vigilance and proactive measures to mitigate the risks associated with the disease.

It would be recalled that Anthrax, caused by the bacterium Bacillus anthracis, is a zoonotic disease that can affect various warm-blooded animals such as cattle, sheep, goats, horses, and wildlife, as well as humans.

It is listed as a notifiable disease by the World Organization for Animal Health (WOAH) due to its potential to cause high morbidity and mortality.

In animals and humans, symptoms of Anthrax include: Fever, coughing, vomiting, nausea, diarrhoea, sore throat and swollen

Saudi Arabia Sponsors 20 Nigerians on Pilgrimage

Twenty Nigerians are being sponsored by the Kingdom of Saudi Arabia for the Custodian of the Two Holy Mosques’ Guests Programme for Umrah 2025.

They are expected to perform the lesser hajj (Umrah) in Saudi Arabia fully sponsored by the Kingdom of Saudi Arabia.

A press statement on Tuesday in Abuja by the Embassy of Kingdom of Saudi Arabia in Abuja read: “As part of its dedication to promoting Islamic unity and facilitating access to Islam’s most sacred sites for Muslims around the world, the Kingdom of Saudi Arabia’s Embassy in Abuja hosted a grand farewell ceremony for 20 Nigerian pilgrims

selected for the Custodian of the Two Holy Mosques’ Guests Programme for Umrah 2025.

“The ceremony held under the leadership of His Excellency Faisal bin Ibrahim Al-Ghamdi, Saudi Ambassador to Nigeria, highlighted the Kingdom’s unwavering commitment to supporting Muslims and fostering spiritual connections through pilgrimage.

“The programme, initiated by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, provides Muslims from diverse backgrounds the opportunity to perform Umrah with full sponsorship, symbolising Saudi Arabia’s role as the spiritual heart of the Islamic world.”

In his keynote address, Am-

bassador Al-Ghamdi expressed profound gratitude to King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman for their steadfast dedication to Islam’s holy sites.

He praised their exceptional leadership in enhancing the services provided to pilgrims and ensuring that their journey to the sacred sites is both spiritually fulfilling and logistically seamless.

He said: “The Custodian of the Two Holy Mosques and the Crown Prince have prioritised the well-being of pilgrims, viewing it as a sacred duty and an immense honor.

“Through this programme and other initiatives, Saudi Arabia continues to strengthen bonds of

brotherhood among Muslims while ensuring their comfort and safety during their spiritual journey.”

Ambassador Al-Ghamdi revealed that the Kingdom had invested over $100 billion in the recent expansion and modernisation of the Two Holy Mosques.

“According to him, these ambitious projects, encompassing stateof-the-art infrastructure, advanced crowd management systems, and cutting-edge technology, reflect Saudi Arabia’s commitment to accommodating the increasing number of pilgrims visiting Mecca and Medina each year.”

He added that the kingdom spares no effort in mobilising resources to improve the pilgrimage experience for all Muslims.

lymph nodes, headaches, itching and bleeding from major openings.

While Anthrax is preventable through coordinated efforts such as risk assessment, surveys, and ring vaccination of susceptible animals in high-risk areas, prompt

detection and response are critical to containing its spread.

In light of the outbreak, the ministry has called on stakeholders, especially states bordering Zamfara, to take immediate steps to prevent further spread of the disease.

The government of Oyo State has partnered telecommunications giant, Globacom, in its bid to install a significant traffic management solution for the development of the state.

Chief Ebenezer Ogunwuyi, Chief of Staff to the Governor who represented Engineer Seyi Makinde at the flag-off of the first phase of the telecommunications and digitalization partnership on traffic management with Globacom noted that the collaboration will usher in a new era of digitized traffic management in Oyo State.

Said he: "As our cities grow and our economy expands, our approach to road safety, traffic flow, and urban mobility demand innovative solutions. The digitalization of OYRTMA’s operations is a bold step forward in meeting these challenges head-on".

The Chairman, OYRTMA, Major Adesagba Adekoya (Rtd), opined that Globacom had earned an exceptional reputation for its innovative approach

to solving complex challenges through technology.

"Today, they bring their expertise to our traffic management efforts, and we are confident that their contribution will be transformative", he added.

In his remarks, Adeniyi Odejobi, the Enterprise Business Lead for the South West Region, Globacom described the company as not just a telecommunications company but a digital solutions company and the largest integrated telecommunications service provider in Nigeria servicing Enterprises, SMEs, big corporate organisations, public sector organisations, tertiary institutions and millions of individuals across Nigeria.

The digitalization of the traffic management project with Globacom, he said, will produce " a smarter, more efficient OYRTMA workforce which will be able to effectively connect one another for the achievement of a seamless traffic management system in the state".

Michael Olugbode in Abuja

Onuminya Innocent

Umahi Disputes Julius Berger’s Claims on Abuja-Kaduna-Kano Expressway

Alleges company too rigid, failed to shift ground after 20 meetings Says news report of award of contract to inactive firm false

Emmanuel Addeh in Abuja

The Minister of Works, David Umahi, yesterday reacted to public comments by Julius Berger on the disagreement between the company and the federal government relating to the costing of the multi-billion naira Abuja-KadunaKano road.

Umahi, who spoke during a press briefing in Abuja, alleged that Julius Berger has continued to live on its past glory; fails to exhibit any flexibility during costing of contract negotiations and always insists on prices that are not fair.

The minister stressed that after over 40 months of negotiation and 20 meetings, it was obvious that the

construction company was deploying delay tactics and would always demand variation of prices.

After several months of back and forth, the minister had recently revoked the contract with Julius Berger on the critical road infrastructure and was awarded to Infiouest International Limited to continue its construction.

“...Forty months and over 20 different meetings, and Berger could not come to terms with us. And let me state that there is no place that Berger is working for the Minister of Works that they have agreed on a dialogue, or give and take,” he stated.

Julius Berger had stated in some advertorials on Tuesday that it only demanded a contract review because of

the volatile nature of the naira, which has been impacted by inflation and the foreign exchange rate. It also said at no time was the company invited to re-bid for the project after it was revoked.

But while accusing the company of inciting the public against the federal government, Umahi narrated how several attempts to make the company see reason did not yield any results, noting that the federal government was only interested in getting value for money and a fair deal for contractors.

He argued that the company's incessant demand for contract reviews, not just on the Abuja-Kano road, but on projects like the Bonny-Bodo road was largely unjustified.

“So, back to Abuja-Kano road, they just said that they had finished the project 65 per cent. That's 350 kilometres. I don't want to tango with them on that. But, if you have finished the project 65 per cent, and what was satisfied and paid was N391 billion, with no debt to you, why are you asking for an additional N1.1 trillion to finish the remaining 35 per cent?

That is what it means.

“You finish 65 per cent, and then you are asking for N1.1 trillion as a review and there's no additional work. And let me say that we are engineers, fellows of the (Nigerian) Society of Engineers. We did not read our own engineering from the backyard. We went to better schools than some of

these people that are claiming that they are engineers.

“The Abuja-Kano road…this 65 per cent is failing. Go and look at it, and you'll see that there are patches already on the projects. And so, nobody should come to teach us engineering. We understand engineering very well. And so, we refused to pay an additional N1.1 trillion, and that's where the problem started,” the minister narrated.

Also reacting to a newspaper report (not THISDAY) that an inactive company, ‘InfoQuest’ got a letter of "No objection" of N252.89 billion from the Bureau of Public Procurement ( BPP) for the rehabilitation of a section of the road, the minister made it clear that the ministry had no business relationship

BAGUDU: TINUBU STEERING ECONOMY IN RIGHT DIRECTION, DETERMINED TO STAY COURSE

and

The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, yesterday said President Bola Tinubu had steered the economy in the right direction and was determined to stay the course.

Bagudu said this same day Kaduna State Governor, Uba Sani, justified the President’s tax reform bills currently at the National Assembly, stating they would help in resetting Nigeria and put it irreversibly on the path to sustainable growth and development.

Bagudu, spoke while defending his ministry's financial estimates before the National Assembly Joint Committees on National Planning in Abuja.

He told the federal legislators, led by Senator Yahaya Abdullahi and Hon. Isiaka Ibrahim, that the Tinubu administration’s economic reforms

were working and that the economy was on the path to full recovery.

Bagudu said, “President Bola Tinubu has steered the economy in the right direction, and we are determined to stay the course.

“Under the leadership of President Bola Tinubu, and with your support, our economy has turned the bend and facing the right direction.

“The Renewed Hope Agenda Strategy of once and for all confronting our decades of underinvestment is working, and the positive trajectory is being sustained.”

He pointed out that Gross Domestic Product (GDP) growth of more than three percent for three successive quarters, compared to less than one percent in industrialised countries, evidenced the increasingly positive impact of the administration’s reforms.

Bagudu listed other positive impacts, including recovery of the economy, deficit reduction, and non-

recourse to ways and means beyond legal limits from over 6.1 percent in 2023 to less than four percent in 2024, which he said global business leaders and rating agencies had acknowledged.

He explained: “The reform strategy has enhanced the liquidity of the sub-nationals: States and Local Governments. FAAC allocations to all tiers of government are on the increase. With the elimination of forex and fuel subsidies, among other reforms, the increase shall be sustained.”

The Minister assured the legislators that the Tinubu’s administration would generate the funds to finance the 2025 financial plans through innovative financing and line budget allocation.

To this end, he explained that Tinubu had charged the petroleum, solid mineral, and creative industry sectors with developing their potential.

Bagudu emphasised that with the help of the National Assembly, his ministry, which he said was the chief

marketer of Tinubu’s Renewed Hope Agenda and Agenda 2050 strategies, would implement innovative financing measures to expand economic activities and generate substantial revenue to fund ongoing critical infrastructures.

Bagudu said, “As the chief marketer of the Renewed Hope Agenda and Agenda 2050 strategies, the Federal Ministry of Budget and Economic Planning is poised to intensify its innovative financing to take forward the delivery of the Renewed Hope infrastructure, including housing, roads and railway.

“We shall more aggressively raise funding for our creative and high-impact programmes, including Renewed Hope Infrastructure Fund, Consumer Credit, National Agriculture Development Fund, Mortgage Fund, CNG Energy transition, Student Loans Fund, and support to NANO and MSMEs.”

He explained that, in addition to

THISDAY IS 30 TODAY, COMMEMORATION, AWARDS FOR THE TOUGH AND RESILIENT ON JAN 27

blazing and robust journalism, THISDAY has without doubt shattered the myths and norms associated with newspaper production and publishing in the country.

Indeed, it has, in no small measure, changed the face of the newspapering industry during that period, including pioneering the now famous colour printing and back page columns.

Till date, THISDAY remains the preferred newspaper among the business, political and diplomatic elite, and has for many years been one of the most recognisable brands locally and internationally.

Thus, to celebrate this milestone, THISDAY recently invited nominations for various categories of nominees for its awards ceremony

billed for next Monday, tagged: “When the Going Gets Tough... the Tough Gets Rewarded!” The awards will cover several categories, mostly for the ‘tough and resilient’, including the men and the women and the institutions rebuilding Nigeria and her democracy.

Some of the categories include ‘Titans of The Year’, for the men and women who through their vision, action, guts and courage have made a lasting impact on Nigeria.

One of the major recognitions, however, is the ‘Man of the Year’ award conceded to President Bola Tinubu, for having significantly influenced many of the major events that shaped 2024.

Another of such award

categories already won is the ‘Woman of the Year’ by Dr. Ngozi Okonjo-Iweala, as the woman, who in many ways, influenced major events of2024, both in Nigeria and across the globe.

Other categories are, ‘Bank of the Year’, for the bank, which has used innovation, technology and inclusion for growth in earnings and shareholder value as well as ‘Banker of the Year’, for the banker whose leadership and impact has changed the banking landscape for good.

Also listed are ‘Global Bank of the Year’ for the bank with the most global impact on Nigeria; ‘Brand of the Year’ for that brand whose impact and identity have created memorable and unforgettable experiences.

There is also the ‘Company of the Year’, expected to be taken by a well-regarded company with most impact in the lives of Nigerians in 2024. There's also the ‘Government Agency of the Year’, whose leadership and action have promoted service to the people of Nigeria, ‘Investor of the Year’ and ‘Young Global Leaders of the Year’.

At the event billed to take place in Lagos, the ‘Governor of the Year Award’, Brand of the Year’, and the ‘Philanthropist of the Year’, among others, will also be recognised.

Further giving weight to the event is the ‘Lifetime Achievement Award’, among several other categories carved out for different people in different fields of interests.

the funds that would accrue from maintaining fuel and removing forex subsidies, the administration was determined to increase crude oil production beyond the estimated 2.06 barrels per day at a lower cost.

The minister said as the Crude Oil Theft Committee ramps up its activities to contain the crime, more funds will flow into the national treasury.

“Our ministry and agencies are leading many engagements to get more resources to finance critical infrastructures in your constituencies,” he added.

Bagudu added that there would be more spending with more revenues.

He urged legislators to pass the tax reform bills, saying their passage would smoothen the government's path to achieving its 18 percent revenue-to-GDP target. He assured them that the Tinubu’s administration remained focused on achieving a higher growth rate that would include all this year.

Bagudu also spoke about the ministry’s bilateral and multilateral coordination mandate and said the economic reforms earned the appreciation and respect of the nation’s development partners.

He said many countries, including China, had comprehensively scaled up their relations and partnerships with Nigeria.

He emphasised that the ministry signed many high-impact agreements on behalf of the country last year, including five with China and six with the United Kingdom, the European Union, Japan, the United Arab Emirates, and Saudi Arabia.

He said, “Dr. Frank-Walter Steinmeier, the German president, and Mr. Narendra Modi, the Indian prime minister, visited Nigeria.

“At the same time, President Bola Tinubu visited several countries in the preceding year to project the stabilising

TINUBU TO OGONI LEADERS: WE CAN’T HEAL PAST WOUNDS, IF WE CONTINUE TO BE ANGRY

achieve peace, development, and a clean environment.

"We cannot in any way rewrite history, but we can correct some anomalies of the past going forward. We cannot heal the wounds if we continue to be angry," the president explained.

In a release by his Special Adviser on Information and Strategy, Bayo Onanuga, the president directed the National Security Adviser, Mallam Nuhu Ribadu, to coordinate the negotiations and called for inclusive consultation and mutual understanding.

Addressing the close-door meeting attended by Governor Fubara of Rivers State and the FCT Minister, Nyesom Wike, Tinubu commended the delegation for embracing the federal government-led dialogue and emphasised the need for collaboration, trust, and inclusiveness to resolve lingering issues in the region.

"We must work together with mutual trust. Go back home, do more consultations, and embrace others. We must make this trip worthwhile by bringing peace, development, and a clean environment back to Ogoniland," Tinubu said.

He asked ministers, the NNPCL,

and the Rivers State Government to cooperate with the Office of the National Security Adviser (ONSA) to achieve this mandate.

"It is a great honour for me to have this meeting, which is an opportunity to dialogue with the people of Ogoniland.

"It has been many years since your children and myself partnered to resist military dictatorship in this country. No one dreamt I would be in this chair as president, but we thank God.

"Many of your sons present here were my friends and co-travellers in the streets of Nigeria, Europe, and America. I know what to do in memory of our beloved ones so that their sacrifices will not be in vain," the president said.

Earlier, Fubara thanked the president for his support of the Ogoni people and for welcoming an all-inclusive representation of the people to the Presidential Villa.

He said the meeting was a followup to an assignment the president gave him through the National Security Adviser.

Emphasising the importance of resuming oil operations in Ogoniland, the governor pledged the delegation's commitment to adhering to the

president's instructions and providing the necessary support to achieve the government's objectives.

"What we are doing here today is to concretise the love and respect we have for the president for being behind this meeting and for him to tell us to go back and continue the consultations with a timeline so that the resumption of oil production in Ogoniland will commence," he said.

The National Security Adviser, on his part, commended the Ogoni people for their trust in President Tinubu and for embracing dialogue as a path to meaningful progress and enduring solutions.

"Guided by Mr. President's vision that every voice is heard and every interest is considered, my office, the DSS, the government of Rivers State and the Minister of FCT embarked on a diligent and consultative process to assemble this delegation," Ribadu said.

He noted that the over 50-member delegation that met with the president reflected the rich diversity of Ogoni society, representing various constituencies, interests, and viewpoints.

According to him, "The presence of this delegation is a testament to the Ogoni people's readiness to engage constructively in the pursuit of peace,

justice, and sustainable development."

A representative of the Ogoni leadership, King Festus Babari Bagia Gberesaako XIII, the Gberemene of Gokana Kingdom, expressed the community leaders' willingness to engage in the process of finding lasting solutions to the lingering challenges in Ogoniland.

Also, yesterday, the Coalition of Civil Society Organisations (CSOs), urged the federal government to earmark $1trillion for immediate clean-up of the degraded Niger Delta environment and compensation for loss of livelihoods.

In a statement by 16 CSOs, the groups insisted that attempt to resume oil extraction in the region already ravaged by environmental neglect further exacerbated the suffering of the people and was an affront on their right to a safe environment.

The groups that signed the statement included Miideekor Environmental Development Initiative, Ogoni Solidarity Forum-Nigeria, South South Youths Initiative, Peoples Advancement Centre, Environmental Rights Action, Kebetkache women development centre, Social Action, Lekeh Development Centre and Rainbowwatch Development Centre.

Other signatories were Kallop Humanitarian and Environmental Centre, Pilex Centre, Oilwatch Nigeria, Health of Mother Earth Foundation, We The People, Corporate Accountability and Public Participation Africa and Rights Advocacy and Development Centre.

The coalition which claimed to be concerned civil society organisations in the Niger Delta met at the Port Harcourt office of Environmental Rights Action to deliberate on the recent invitation for a private meeting in Abuja to discuss the resumption of oil production in Ogoniland.

They condemned the nation's dependence on fossil fuel, saying, "It is however insensitive for this administration to open any form of discussion with handpicked group of Ogoni leaders for such talks."

Noting that the overall will of the majority of Ogonis was paramount in the resumption matter, the groups expressed their unequivocal condemnation of the planned resumption of oil exploration and production activities in Ogoniland.

They stressed that the decision disregarded the enduring environmental, social, and economic injustices faced by the Ogoni people and undermines ef-

effect of the economic reforms on the nation’s economy.

“Our country has done well.

President Bola Tinubu is leading the country in the best of ways.

“He has charged all of us, his ministers, to work for excellence and do everything we can to ensure that the nation generates a higher level of growth that will include all. We will.”

He revealed that the Nigerian Institute of Social and Economic Research (NISER), headed by Prof Antonia Taiye Simbine, was in the process of organising the Renewed Hope Agenda Lecture Series.

This he explained, would be a performance-tracking and measuring mechanism for the agenda.

Bagudu commended the hard work of the Dr Tanimu Yakubu-led Budget Office, which produced the 2025 estimates with several defining features that ensured transparency and guaranteed that the nation’s resources would be channelled to its critical needs.

Gov. Sani: Tinubu’s Reforms Will Reset Nigeria

Meanwhile, Kaduna State Governor, Uba Sani, has justified Tinubu’s tax reform bills currently at the National Assembly, stating that were determined to reset Nigeria and put it irreversibly on the path to sustainable growth and development.

Also, the Governor acknowledged that implementing the President’s bold policies has not been without challenges and pains for Nigerians, clarifying that the pains are temporary. He made this known in his welcome address at a one-day lecture organised by Arewa Think Tank yesterday, saying with just a little more patience and perseverance “we shall start reaping the fruits of

forts toward sustainable development, environmental justice, community empowerment and cleanup of the devastated environment.

The demands of the CSOs included that the federal government should "halt all plans for resumption of oil extraction in Ogoniland until there is meaningful consultation with the Ogoni people and full remediation of the damaged environment.

"That not one more oil well should be drilled in the Niger Delta and the government, and the oil companies should commence immediate and total cleanup of the region.

"One trillion United States Dollars should be earmarked for immediate clean up of the Niger Delta and compensation for loss of livelihoods.

Immediate review of the Kangaroo Military trial and execution of ken Saro-Wiwa with other martyrs and their exoneration.

"Immediate and unconditional release of the confiscated Ken SaroMemorial Bus sculpture held by Nigeria Customs since 2015. Full Implementation of the UNEP Report and ensuring that the clean-up and restoration of Ogoniland are prioritised and carried out transparently and effectively.”

Chuks Okocha, James Emejo

Sunday Aborisade in Abuja

with the so-called ‘InfoQuest Nigeria Ltd’.

Umahi

NATIONAL CONFERENCE ON STRENGTHENING DEMOCRACY IN NIGERIA

Opening Ceremony

Strengthening Nigeria’s Democracy: Pathways to Good Governance and Political Integrity Theme:

th Day One: 27 January, 2025

· Chairman: Gen. Abdulsalam Abubakar (Rtd), GCFR

· Keynote Speaker: His Excellency, Mahamudu Bawumia, Former VicePresident of Ghana

· Paper on Democracy in Nigeria: Challenges, Prospects and the 2027 Elections-Prof. Jibrin Ibrahim.

· Goodwill Message: H E. Kashim Shettima, GCON, Vice-President, Federal Republic of Nigeria.

Session One: Rebuilding Confidence in Nigeria's Democracy through Institutional and Policy Reforms and Transformation

· Chairman: HE Sultan Abubakar Sa'ad III, CFR

· Pap

Transparency and Accountability- Prof. Okey Ibeanu

· Discussants: Mr Lateef Fagbemi, SAN, Attorney General and Minister of Justice, Mazi Afam Osigwe, SAN, Prof. Joy Ezeilo, SAN, OON and Mr Jake Epelle

Session Two: Constitutional and Electoral Reforms

· Chairman: Cardinal John Onaiyekan

· Paper on Constitutional and Electoral Reforms: Towards Credible

Elections in 2027- Prof. Emmanuel Remi Aiyede

· Discussants: Dr Hussani Abdu, Haj. Amina Zakari, Prof. Sam Egwu, Dr Sam Amadi, Mr Samson Itodo and Ms. Beatrice Eyong.

Session Three: Building Viable Political Culture and Political Parties to Foster Competitive Politics

· Chairman: Sen. Biodun Olujimi

· Paper on Party Politics and Political Integrity: The Role of Political Parties and Opposition in Democracy- Prof. Bayo Olukoshi.

· Discussants: HE Alh. Atiku Abubakar, GCON, HE Dr Abdullahi Umar G

Kwankwasau, CON and Prof. Wale Aderemi.

Session Four: Good Governance and National Development

· Chairman: Mallam Kabir Yusuf

· Paper on Federalism and Sub-National Governance: Challenges and Opportunities of Delivering Democratic Dividends to the States/LGAsProf. Mohammed Tabiu

· Discussants: HE Gov Abdulrahman Abdulrasaq, HE Governor Hope Uzodimma, HE Governor Bala Mohammed, HE Governor Charles Soludo, HE Governor Abba Yusuf and HE Gov Alex Otti.

th Day Two: 28 January, 2025

Government

· Chairman: Prof. Adele Jinadu

· Paper on Rebuilding Confidence in the Executive Arm of Government-

·

Government of the Federation.

Government- HE, Hon. Tajudeen Abbas, PhD, Speaker, House of Representatives.

· Paper on Partnership Between the Three Arms of Government: Challenges and Prospects- Sen. Bamidele Opeyemi- Senate Leader

· Paper on Rebuilding Confidence in the Judiciary by Mr Wale Fapohunda, SAN

· Discussants: Alh. Mohammed Idris Malagi, Minister of Information and National Orientation, HE Sen. Aminu Waziri Tambuwal, CFR, Dr Abiola Akiyode-Afolabi and Mr Waziri Adio

Session Six: Empowering Citizens to play active roles in Advancing Democracy

· Chair: Amb. Nkoyo Toyo

· Paper on Strengthening the Roles of Civil Society, NGOs, the Media and other Stakeholders in Mobilising Citizens for Political Participation and Oversight Functions- Prof. Pat Utomi

· Discussants: Prof Il

Session Seven: Perspectives on the Impact of Democracy on the National Economy

· Chairman: Dr Shamsudeen Usman

· Paper on Creating a Transformative Economy: An Overview of the Nigerian Economy Now and Beyond- Mr Bismark Rewane

· Paper on Building Effective Partnership Between the Public and Private Sector in Strengthening Democracy and Boosting Economic Growth in Nigeria- HE Sen. Abubakar Atiku Bagudu, CON- Minister of Budget and Economic Planning.

· Discussants: Mr Olaniyi Yusuf (NESG), Mr Aigboje AIG-Imoukhuede, FCIB, CON, HE Mr Rotimi Amaechi, CON, Ms. Funke Opeke and Abdussamad Rabi'u.

Session Eight: Where do we go from here?

· Chairman: Mr Ifeanyi Peters Ugwuoke

· Presentation of Highlights of Key Issues- Mr Ezenwa Nwagwu

· Discussants: Prof. Udenta Udenta, Ms. Yemi Adamolekun, Prof. Chris Kwaja, Mr Bolaji Abdullahi and Prof. Julius Ihonvbere.

Attendance is strictly by invitation. But you can join us by Zoom at: https://us06web zoom.us/j/88360619703?pwd=61rchWZGyREUvug LPmbv8b3U6an4Ge.1

to our dearest friend and sister! to our dearest friend and sister!

Dr. Mrs Aisha Achimugu Dr. Mrs Aisha Achimugu

Today, we stand with the world in honoring an exceptional icon-a trailblazer who excels in every arena with grace and unwavering determination.

An achiever who truly deserves every accolade, consistently making a profound impact on the lives she touches.

A remarkable mother, a devoted mentor, and an endless source of inspiration to us all.

Our family celebrates you today and always.

Chief

Michael Akano,

Chief

Mrs. Akunna Nwala Akano And

The Family of Mr. And Mrs. Ibinabo Tamuno

MADAM DORCAS TEMITAYO OGUNSANYA

(1936 - 2024)

86YEARS

Funeral Arrangements:

Ser vice of Songs 1

Date: Wednesday, Jan. 22nd 2025

Time: 11:00am - 12:00pm

Venue: 13, Jiginni Street, Ode Lemo

Ogun State

Color Code: Rose Gold Gele & Cap on W hite Outfit

Ser vice of Songs 2 & Lying in State

Date: T hursday, Januar y 23rd, 2025

Time: 10:00am - 11:00am

Venue: No 10 Olubodun Street, Agura (Sabo, Sag amu)

Christian Wake Keep

Date: T hursday, Januar y 23rd, 2025

Time: 4:00pm

Venue: Innova Event Centre

1-3 Obafemi Awolowo Avenue GRA, Sag amu, Ogun State

Color Code: Pur ple Gele & Cap on W hite Outfits

Funeral Ser vice & Interment

Date: Friday, Januar y 24th, 2025

Time: 8:30am

Venue: St. John Anglican Church, Akarigbo Rd, Ijoku Sag amu.

Reception follows at

Event Ground, Major T hompson Road, Sobo, Sag amu

Dr ess Code: Asoebi

www.thisdaylive.com

opinion@thisdaylive.com

A BOLD AND STRATEGIC ENGAGEMENT

Christopher Musa’s interview with AL JAZEERA demonstrated a commitment to openness and a willingness to dispel doubts about military operations, reckons JOSHUA OCHEJA

BVAS, IREV ON TRIAL IN EDO

May justice be served at the end, writes JOHN MAYAKI

As Trump reruns to the White House, the next four years will be both exciting and tempestuous for the business world and for international relations, argues LABARAN MAKU

AMERICA, CHINA AND THE WORLD AS TRUMP RETURNS

When huge fortune is involved there is no price owners of capital will not pay to get at it, even when it means eventual suicide.

In one of history's most classical examples of the shortsightedness of the profit motive: America's political and corporate leaders beginning from the 1980s embarked on an accelerated industrialization of China at a pace that was quite faster than the development of their own homeland.

The Leaders of the Communist Party of China led by Deng Zipping took advantage of the West at a time of intense ideological rivalry with the Soviet Union.

The West led by the US went to China to drive a wedge between the USSR and China, the two communist giants at that time.

The Chinese were relatively poor and far behind both the West and Russia in science and technology and in industrial production and wealth creation.

What China lacked in development they had in farsighted leaders who turned out to be far more smarter than their counterparts in Russia and in America.

Falling back on their ancient wisdom and prescient diplomacy, the Communist leaders of China played on the ideological Rivalry between America and the Russians to suck in the Americans and the West.

When Richard Nixon and his Secretary of State Henry Kissinger arrived on the shores of China on a mission to set China and Russia apart, the Chinese smelled a rare opportunity in the air.

They coolly welcomed the Americans and their allies and offered to cooperate with the "western imperialists" against the Soviet Union.

Curiously the Chinese communist leaders accepted free market reforms to entice the west; but they would neither renounce communism nor accept the privatization of the public sector of their economy.

The Americans too did not insist on the classic regime of privatization, reduction in social spending, political reforms; and other conditions the West normally imposes on weak developing countries of the South.

The Chinese instead accepted to 'open up' China to free enterprise from the West and designated 'Free Trade Zones' where Western Corporations could produce whatsoever they wanted and export to wherever they chose without any interference from the Chinese communist government.

To add to this exciting opportunity for the West the Communist leaders of China made the Free Trade zones almost tax free and made available cheap labour of highly educated Chinese workers at very low wages!

The Americans and their allies soon discovered that they could produce goods in China at almost no cost compared to their homelands and export to the global market at huge profits.

Labour was almost free and highly trained; the Chinese provided good infrastructure; fairly efficient social services; appropriate legal reforms to allow and protect private property and investments; and products were

almost tax free.

China soon became an attractive haven for western companies; and potentially huge market opportunities both in China itself and in Asia opened up to the west in addition to Japan and South Korea.

Western companies soon discovered that they could even produce high quality goods in China and transport them to their own counties at higher profits compared to goods produced at home!

A new term called outsourcing soon entered the commercial production lexicon as American and European corporations moved their commercial industrial production to China to avoid high wages and taxes in their home countries.

China soon began to witness astronomical, double digit GDP growth rates as western corporations jumped over each other to take advantage of the remarkable opportunities to make more profits in China without the cumbersome regulations and labour laws and strikes in their home countries.

By the 1990s it was obvious that China's accelerating industrial growth was becoming a concern to the West, but the huge profits and an emerging huge domestic market in China rendered these concerns of no effect on policy decisions in the West!

The Chinese smartly looked the other way and left the boom in profits to continue to grow. They did all they could to increase openness and to multiply the free trade zones to attract more investments to China.

Smart and resilient ancient warriors that they are, the Chinese quietly set up indigenous companies "owned" by selected individuals with experience of working with western companies to compete with their Western counterparts.

They began with low-end goods such as toys and apparels and food processing and base engineering production.

The West was very comfortable with that, and even zoned the production of low quality goods to Chinese enterprises, while they focused on high-end goods both for the Chinese market and for exports to the global markets.

The Chinese kept to their promise not to interfere with the development of private enterprises; they did nothing to undermine private ventures; they avoided excessive regulations or policies that could limit the free

flow of capital between China and Western countries.

The communist government of China meanwhile held on to the public sector; they resisted the pressure to privatize the public sector; but continued to open the economy to private participation to attract more capital and technology from the West.

The result was that every dollar that entered China was invested in setting up new ventures and production lines rather than buying up existing public sector enterprises.

Consequently the Chinese economy expanded at breakneck speed; and trade grew with the rest of the world.

The Chinese government used the increased revenue from the booming economy to invest in higher quality education, scientific and technological research; impressive investment in infrastructure; power supply; and in fundamental research in space exploration and in new sectors such as solar and other renewable energy industries.

As more Chinese understudied and mastered their western partners, the state provided capital to them to set up new industries to compete with those owned by international corporations.

By the turn of the last millennium the indigenous Chinese producers of toys had graduated to producing sophisticated industrial goods.

By the last decade the Chinese had caught up and were outpacing western companies in producing top engineering goods ranging from high speed trains, to construction equipment; ships and automobiles!

Suddenly the West woke up to discover that the Chinese were overtaking them not only in their huge domestic market in China, but had actually taken over Western markets as well, since western corporations had outsourced the production of virtually all commercial goods to China.

At the last count China is now responsible for over 36% of global industrial production! China is now the undisputed Industrial Production base of the world.

China is also the largest trading country in the world.

China leads in steel production, ship building; trains and automobiles; electronics; smart phones; agricultural equipment; and industrial tools and machinery of all kinds.

One could add to the list solar and other renewable energy products which are dominated by Chinese producers.

Presently the West is resorting to the ancient regime of tariffs and trade wars. Globalization and free trade which were the commercial anthems of the l970s; 1980s and 90s when the West held sway are now fading out!

Fair trade is now the battle cry when it comes to the West versus the Chinese.

Interestingly it is now China that is pushing for free trade and for the observance of the World Trade Organization (WTO) rules. Maku is a former Minister of information and communication

Christopher Musa’s interview with AL JAZEERA demonstrated a commitment to openness and a willingness to dispel doubts about military operations, reckons JOSHUA OCHEJA

A BOLD AND STRATEGIC ENGAGEMENT

A recent interview on Al Jazeera featuring General Christopher Musa, the Chief of Defence Staff (CDS), has left an indelible mark on my perception of military leadership in Nigeria. Despite the commentary on corruption, human rights violations, and operational lapses within the Armed Forces, General Musa's poised demeanour and insightful responses were apt and inspired pride and confidence in military operations across the country, and noteworthy is the Boko Haram insurgency that festered for several years.

Al Jazeera's Neave Barker posed incisive questions, but General Christopher Musa nailed the interview. He drew a clear distinction between conventional and asymmetric warfare, emphasizing the need for a multifaceted approach to combat Boko Haram's insurgency. The CDS's thoughtful responses demonstrated an in-depth understanding of asymmetric warfare. He illustrated the comprehensive approach to addressing the insurgency, and the attendant successes recorded by the Nigerian Military over the years. He also acknowledged that the transition from conventional warfare to asymmetric warfare presented challenges at the early stages of the insurgency. This was the case before the military gained ascendency over the Boko Haram insurgents in 2015 and reclaimed territories hitherto under their control. This distinction is crucial, as conventional warfare tactics may not be effective against an insurgency that employs unconventional methods.

Conventional warfare and asymmetric warfare are fundamentally distinct, making it unfair to evaluate the success of the Nigerian military in the Boko Haram insurgency from the lens of conventional warfare. This was highlighted in an interview granted by the former Chief of Army Staff, Lt Gen. Tukur Buratai in 2021. The former army chief said the Boko Haram insurgency may not end in 20 years because the terrorists have, for a long time, indoctrinated the people, making it difficult to defeat them within a short period. I agreed with his position. It is important to understand that insurgencies often arise from a complex interplay of ideological motivations that drive groups to challenge established political orders. And the thought that such a challenge can be addressed within a short period is wishful thinking.

Numerous examples across the globe buttress this position. For example, the Revolutionary Armed Forces of Colombia—People's Army (FARC) is one of the oldest insurgent groups in the world. They mounted a campaign against the government of Columbia for over 53 years. There is also the Muslim Brotherhood, founded in Egypt in 1928, to establish a pan-Islamic state (Caliphate) uniting Muslim countries under one Islamist leadership. Al-Shabaab has been in existence since 2003, marking a 22-year conflict in Somalia and East Africa. It is also important to understand that asymmetric warfare involves unconventional tactics, where belligerents exploit unlawful methods to counter their adversaries' strengths, often violat-

ing the laws of armed conflict. Some of the unconventional tactics include hostage taking, kidnapping, attack on women and children, seizing territories and establishing caliphates, and attacks on critical government infrastructure using the hit-and-run strategy of Guerrilla warfare.

For example, the use of anti-aircraft weapons against humans is a violation of humanitarian law, causing unacceptable harm to civilians and combatants alike. Such indiscriminate and disproportionate attacks contravene fundamental principles of distinction and proportionality and are unequivocally condemned under international humanitarian law. Conventional forces, like the Nigerian military, are bound by these laws, while non-state actors like Boko Haram insurgents operate outside these constraints. In the context of the Boko Haram insurgency, there's evidence that these insurgents deploy anti-aircraft weapons against both the Nigerian military and unarmed civilians. However, the Nigerian military is restricted from retaliating in kind due to humanitarian law. This restriction creates complications. When insurgents use unarmed civilians as human shields, the military cannot engage them until civilians are out of harm's way. Engaging in such situations would lead to accusations of crimes against humanity from human rights groups. This dynamic underscores the challenges conventional forces face in combating non-state actors in asymmetric warfare.

The CDS response to the issue of military airstrikes killing unarmed civilians was quite telling. He acknowledged that operational lapses can occur in war situations, but emphasized that such incidents are not unique to Nigeria. He cited examples from other countries where similar mistakes have happened. The CDS also put things into perspective by highlighting that Nigeria has been engaged in warfare for over 15 years, and despite this, the number of operational mishaps has been relatively low. At this point, I noticed the uneasiness of the host. He was being lectured in my opinion. As funny as this might sound, it was the fact. He was up against a decorated general who earned his stripes as an infantry officer with several decades of experience in warfare. I must confess that I felt a sense of pride in the CDS's composed and insightful responses throughout the conversation.

The host countered with a barrage of allegations, asserting that the military's successes against Boko Haram have been eclipsed by egregious human rights abuses. Specifically, he cited claims that over 10,000 Nigerians, including women and children, have perished in military detention facilities in North East Nigeria. Furthermore, he alleged that thousands of civilians fleeing Boko Haram's hostility have been harassed by the military.

Please permit me to reproduce the CDS response. “It is not in our character or DNA to do such a thing. I have heard about these allegations severally. Just a reminder, I was the theatre commander in North East Nigeria and there was this allegation by Reuters on the Nigerian Military forcefully carrying out abortions on civilians. I requested the Chief of Defence Staff to invite the Human Rights Commission to set up an independent investigative committee to investigate because we were tired of some of the unfounded allegations that were always coming in when we were making progress. A commission was set up, I testified, likewise other officers, the committee was given unfettered access to our facility and guess what? Nothing of such was found.”

The CDS interview was a masterclass in confidence and strategic communication. He seized the initiative by inviting Al Jazeera to visit military facilities in Nigeria. This bold move demonstrated a commitment to openness and a willingness to dispel doubts about military operations in the fight against the Boko Haram insurgents and other non-state actors.

Ocheja,

a military historian and doctoral researcher, is an alumnus of the Nigerian Defence Academy

May justice be served at the end, writes JOHN MAYAKI

BVAS, IREV ON TRIAL IN EDO

For the benefit of those unfamiliar with the terminology, BVAS - Bimodal Voter Accreditation System and IREV - INEC Result Viewing portal, were deployed by the Independent National Electoral Commission (INEC) during Edo 2024 Governorship election where the APC candidate, Senator Monday Okpebholo was declared winner. He defeated his close rival, Asue Ighodalo of the Peoples Democratic Party (PDP) hands down.

Before I continue, let me clarify from the outset, that this is not a media trial of the case currently before the Edo State Election Petitions Tribunal. Far from it. As a “layman”, I am neither qualified nor inclined to engage in such speculations.

However, my purpose is simply to educate my friends about the ongoing judicial process and assure them that Governor Monday Okpebholo, whom they overwhelmingly elected, is determined to defend their mandate and protect the integrity of democracy in the state.

We have seen in recent times, a surge of chatter, especially on social media, insinuation that governor Okpebholo’s mandate would be annulled. This is what the opposition PDP wants the world to believe, and we do know that it was designed to sow doubt and confusion. I think it is necessary to address these concerns and further assure our people that their governor; our governor remains firmly in charge, to fulfilling the four-year mandate given to him by their votes.

And so, ever since the PDP and it’s candidate submitted Certified True Copies (CTCs) of the INEC IREV data issued to them, they have been celebrating as if the case has been won. Far from it, also. They claim that these documents are overwhelming to earn them victory in the court and that they corroborate with BVAS accreditation data. And I replied, that’s not a bad one. Even at that, there is no cause for alarm. One thing is certain, judicial precedents firmly support the sanctity of the mandate Edo people gave to Governor Okpebholo.

As students of history, we are not unaware that the Supreme Court has consistently ruled on cases involving similar issues of IREV and BVAS. For instance, during the 2023 general elections, INEC’s credibility was questioned due to its failure to rely exclusively on results uploaded to the IREV portal. However, the commission clarified and the courts affirmed saying that the IREV portal is not legally binding for result collation or transmission. It was introduced merely as a transparency measure and is not anchored on the Electoral Act.

In several landmark cases such as Jegede

versus INEC and Wike versus Peterside, the Supreme Court categorically held that INEC regulations and guidelines lack the force of law unless explicitly provided for in the Electoral Act.

That’s not all, there was a similar case in Osun State between Oyetola and Adeleke, the Apex Court held that there is no statutory requirement compelling presiding officers to transmit accreditation data or results via BVAS to INEC’s backend server. The court went ahead to rule that allegations of over-voting cannot rely on IREV data or information from INEC’s server, as these are considered derivative and indirect evidence. Why then do we belabor the issue - putting IREV and BVAS on trial for the umpteenth time? Anyways, it could enrich our jurisprudence.

But wait, was it not the court that described data from the IREV or BVAS server as “third-hand evidence”, and went ahead to hold that it lacks the weight required to substantiate claims of electoral malpractices? Must we put BVAS and IREV on trial for the sake of it?

Instructively, the rulings in Osun and the presidential election, where the courts upheld the mandates of governor Adeleke and President Bola Tinubu, respectively, provide valuable insights for the ongoing case in Edo State. You would notice that in both instances, claims predicated on BVAS and IREV data failed to meet the threshold of proof required by the law. The more reason I have told our people to remain calm, our governor is here to stay.

And so, as we await the tribunal’s verdict, it is very important that we respect the independence of the judiciary and any attempt to intimidate or blackmail the courts must be condemned in the strongest terms. The opposition is already chanting, “all eyes on the judiciary”, as they are quick to resort to blackmail. Electoral disputes are a constitutional matter, and the judiciary must be allowed to perform its role without undue pressure - especially pressures from the eyes of sore losers.

I therefore urge our people to remain steadfast - Governor Monday Okpebholo’s victory is a reflection of the collective will of the people, and all efforts to undermine it will collapse under the weight of established judicial precedents. I urge you all to continue to pray for the governor and support his mission to deliver on his promises to the people of Edo State. Mayaki is a Historian and Diploma

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

NERC AND ESTIMATED BILLING SYSTEM

The process of billing should be measured and transparent

Last year, the National Bureau of Statistics (NBS) said the number of Nigerians on estimated billing rose to 7.07 million in the first quarter of 2024. That most of these customers are billed for what they do not consume explains why there is so much agitation against this practice.

For several years across the nation, there has been a chorus of protests over exploitative billing by electricity distribution companies (DISCOs). Many homes that are barely supplied with power once a week are charged outrageous sums of money per month, in a billing that is not cost effective. In some cases, the difference in charges can be as high as 500 per cent within a short time, even when there is little or no improvement in power supply. Most of those affected by this exploitation are those without pre-paid meters as their billing comes in the form of estimation.

that it had been notified that the DisCos were instructing customers to apply and make payments for the replacement of spoilt and obsolete meters in their franchise areas. “This instruction contravenes the Commission’s order on the Structured Replacement of Faulty and Obsolete end-use Customer Meters in the Nigerian Electricity Supply Industry,” according to NERC statement. Evidently, the DisCos do not take the NERC serious on the issue.

NERC should enforce their own regulations on estimated billing to protect power consumers from continued exploitation by the DisCos

So pervasive is the situation that the Abuja Electricity Distribution Company (AEDC) was once directed by Nigerian Electricity Regulatory Commission (NERC) to refund some money to some consumers who were excessively billed. Ironically, the same regulatory commission once opposed a bill in the House of Representatives which would have prohibited and criminalised estimated billing, arguing that a regulation on the practice already exists, and that another law could lead to chaos in the industry. But NERC’s estimated billing methodology guidelines to the DisCos are often observed in the breach while the commission has not been able to deal with the problem. This perhaps explains why the number of Nigerians waiting to be metered continues to rise.

Last November, the NERC warned the DisCos against estimated billing regime. NERC stated

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

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA

GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU

DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE

DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI

SNR. ASSOCIATE DIRECTOR ERIC OJEH

ASSOCIATE DIRECTOR PATRICK EIMIUHI

CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI

DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO

TO SEND EMAIL: first name.surname@thisdaylive.com

Letters to the Editor

When in November 2013 the electricity distribution and power generation companies were handed over to some private operators at an elaborate ceremony, the hope was that daily blackouts and power outages would be reduced to the barest minimum, until they were gradually eased out. But it is now apparent that those hopes were largely misplaced. Today, consumers are paying more and getting less electric power. And now, they are demanding that the process of billing should be measured, transparent and efficient. They are also being ignored.

We understand that the demand for pre-paid metres far exceeds the supply but we are also aware that local manufacturers seem ready for the growing demand as many consumers are ready to buy. The DisCos seem to be in no hurry to provide them while playing down the Meter Asset Provider regulation which expects them to address the metering gap on grounds of financial inability. But many have countered that the Discos are deliberate in their fitful supply of meters, even to those who want to buy - which indeed could encourage conservation of energy - because the ‘crazy’ estimation system pays them far more.

We hope that the NERC will enforce their own regulations on estimated billing to protect power consumers from continued exploitation by the DisCos.

in response to specific publications in THISDAY should be brief (150-300 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome

and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (750- 1000 words). They should be sent to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.

THAT ERIC SEKOU CHELLE APPOINTMENT

On the 11th day of January, 2025, I got word that a certain Eric Sekou Chelle who had been appointed Head Coach of the Super Eagles was going to be ‘unveiled’ to Nigeria, on the 13th of January, 2025. A couple of days before that day, the Nigeria Football Federation, NFF, announced to a bewildered nation that they had appointed this individual, a Malian-French or French Malian.

Many of us found this announcement weird, stunning and utterly bewildering. Nigeria, with a population of over 200 million has a sterling reputation with football. It is our national sport and has been said to be the only thing that unites every Nigerian. Our players are known worldwide as some of the very best. I remember sometime ago when I found myself in a German town. My passport to great camaraderie was being identified as Nigeria, and everyone wanted to shake my hands because I come from where Daniel Amokachi, Amunike, Samson Siasia, Kanu and JJ Okocha came from. Most of these players who have now become coaches are known to be battle-ready, hard-nosed, tested and trusted and know the turf more than any coach, African or International. Yet, in the place of any of these tested and trusted chaps,

we opted for a relatively obscure fellow? Something seemed to be off with this appointment, and the only way I know I could find out was to attend the unveiling ceremony of this chap. And as Shakespeare would have said it, it was an o-my-prophetic-soul scenario. First, the time for the unveiling was shifted twice, from 10am to 11am, and then to 12pm. By 12pm, even after the new coach was seated, very highly placed persons running the NFF were nowhere to be seen. When they showed up eventually, there were no apologies for their brazen lateness. Two, this was supposed to be an opportunity to ask the kind of questions that would have helped Nigerians get a hang of the hiring process. How many coaches applied for the job? How many Nigerian coaches were screened? What was the bar, and the operating standard with which the NFF used in sifting those who applied, and how Mr. Sekou Eric Chelle eventually beat every other applicant to become the Head Coach of the Super Eagles of Nigeria? Were there other much more qualified persons apart from Eric Chelle to coach our national team?

In spite of my insistence to the organizers that we wanted to understand the hiring process, and that we wanted these

questions answered, I was by and large ignored. When I met the head of the communications team of the NFF, he wringed his hands in dismay, and said to me: ‘you know na, we are trying to make this short as possible – the man’s English is not that good’. I told this chap that I was not interested in the Chelle fellow, but to speak with somebody in the technical department of the NFF who understands English, and who could put me through the hiring process of Mr. Chelle. He pointed me in the direction of a certain gentleman, who told me plainly – ‘I was not there when the technical session in selecting the Head Coach took place, I was abroad! I just flew in yesterday from abroad to grace this unveiling’, he said. The contract that Mr. Chelle allegedly signed with the Nigerian people was that he was going to pay his own three helpers from monies from his pocket. I thought this was odd, and just as I was raising my hand to protest, there were very paternalistic contributions from here and there, that – ‘na so dem dey do am, the payment for the assistants is factored into his salary’.

Bob MajiriOghene Etemiku is editor in chief WADONOR…cultural voice of Nigeria

Kayode Tokede

The average interbank call rate in the Nigerian banking sector jumped to 31.50 per cent as of January 17, 2025, the highest peak since 2017, amid 27.50 per cent Monetary Policy Rate (MPR).

Data released by the CBN revealed that average interbank call rate jumped to 31.50 per cent in January 17, 2025, which is the highest since October, 2017 when it reached a peak of 43.78 per cent.

The average interbank call rate is the rate at which banks lend and borrow money from each other on a short-term basis. The interbank call money rate is primarily determined by demand and supply of funds in the interbank market and is used as a benchmark rate for other short-term lending rates.

THISDAY analysis of the data showed that the average interbank call rate opened the new year at 26.5 per cent and reached 30.15 per

Dike Onwuamaeze

Contrary to the complaints by the Manufacturers Association of Nigeria (MAN) that its members are finding it hard to access foreign exchange (FX), the federal government has clarified that there is enough supply of FX to meet demands on the official market.

The clarification was given last week in Lagos by the Special Adviser to the President on Economic Affairs, Dr. Tope Fasua, during the Lagos Chamber of Commerce and Industry (LCCI), “2025 Economic Review and

cent on January 13 2025.

Data sighted by THISDAY revealed that the weighted average call rate closed December 2024 at 28.83per cent from 16.43 per cent January 2024.

The average interbank call rate had opened at 14 per cent in January 2023 and closed at 12 per cent December 2022.

In 2024, as the Monetary Policy Committee (MPC) of CBN severally increased MPR, the average interbank call rate also grew significantly.

Specifically, when the average interbank call rate was at 18.75 per cent in January 2024, the average interbank call rate stood at 16.43 per cent.

Meanwhile, the increase in MPR to 22.75 per cent in February 2024 saw a growth in the average interbank lending rate to 19.25 per cent.

In addition, MPR at 27.50 per cent impacted on the average interbank rate that closed 2024 at 28.88 per cent and that was the highest in 2024.

Outlook Conference,” where he projected that the manufacturing and agricultural sectors would each experience 8.10 percentage growth rate in 2025 even though they recorded 1.9 and 1.4 percentage growth in 2024 respectively.

According to Fasua, the government has been able to demystify all the talk about insufficient supply of foreign exchange.

He said: “Officially, from what I have seen and what the Central Bank of Nigeria (CBN) has showed us, there is enough supply of foreign exchange.

Analysts attributed the 31.70 per cent average interbank call rate on liquidity in the money market at the moment.

Speaking, the Vice President, Highcap Securities Limited, Mr. David Adnori expressed that high MPR also contributed to the hike in interbank call rate.

“I believe this will be temporary because of the current high inflation rate in the country will require monetary policy tightening. The rate is primarily determined by the demand and supply of funds in the interbank market and is used as a benchmark rate for other short-term lending rates. It is often an important indicator of the overall liquidity and health of the banking system,” he added.

As the average interbank call rate increases, the rate of which the banks lend to customers was not left out.

According to the CBN data, the average maximum lending rate in the Nigerian banking industry increased

“The foreign exchange regime we have now required everyone has to deal through their respective banks. What we have seen with the introduction of Bloomberg FEMS is that there is usually enough supply of FX on a daily basis.

“So, it depends on their strategies as manufacturers. In Nigeria we like to complain a lot but this current FX regime has shown transparency.

“If it is official and can be funded officially there seems to be enough money (FX) right now. That is why the Naira has maintained about N1,530 for a while now.”

Fasua also said that the current

to 31.06 per cent in November 2024, setting another record high since 2019 when it was at 31.43per cent.

Maximum lending rates refers to the average of the highest lending rates charged by deposit money banks in Nigeria.

From the CBN’s ‘money market indicators’, THISDAY gathered that an increase in the average maximum lending rate has a relationship with a hike in MPR.

In 2024, the CBN increased the MPR six times, with the primary objective to address key economic challenges such as double-digit inflation, foreign exchange stability, and financial system stability.

When inflation is high (currently at 34.80 per cent as of December 2024), the CBN raises the MPR to make borrowing more expensive and saving more attractive.

However, the steep increase in the policy rate has sparked concerns regarding the potential impact on the cost of credit for businesses already

reforms that were instituted by President Bola Ahmed Tinubu’s administration has constrained, “many of manufacturing industries to source their raw materials locally, which are things they would have imported in the past.”

Speaking, a Professor of Economics and Founder of BAA Associates Limited, Professor Biodun Adedipe, advised the federal government to address food, manufacturing and energy deficits, which he described as third world’s perennial economic challenges.

Adedipe urged the government to intervene directly in the

facing economic hardships. Responding to hike in maximum lending rate as of November 2024, the Chief Research Officer, InvestData Consulting Limited, Mr. Omordion Ambrose said, “Businesses need a lot of credit facilities to survive, but in an environment where the lending rate is astronomical high, many enterprises, especially small and medium-scale, might find it extremely difficult to survive as their products will remain uncompetitive and the cost of production and the sale prices to consumers will remain high.”

He added that, “A hike in interest rate is often considered a manufacturers’ nightmare as it stifles productivity and expansion. A hike in interest rate slows down productivity, as manufacturers struggle to keep machinery in operations and pay salaries. Those who look forward to borrowing for expansion and production will have to shelve such ideas in the face of the high

manufacturing sector with incentives that would enable Nigeria to focus on primary manufacturing like food processing in order to produce things that are majorly consumed by Nigerians.

He said: “When it comes to manufacturing, we should focus on the primary because there are primary, medium and high-tech manufacturing.

“In this system we do not start with high-tech. We will start with the basics like food technology. It means that there must be incentives to produce them locally and also create disincentives for

cost of accessing funds.”

The Head, Financial Institutions Ratings at Agusto & Co, Mr. Ayokunle Olubunmi, had stated the gradual increase in MPR impacted on average maximum lending rate since 2022.

He noted that the increase, of course, would affect businesses and probably reduce borrowing rate in the banking sector. He said, “For businesses that have taken loans, they will be paying more interest rate on these loans and it will affect their profitability. Also, any businesses or individuals that wanted to borrow money now will think twice amid a hike in interest rate.”

Olubunmi added, “The hike in MPR by CBN is a contractionary monetary policy. The move is to reduce the number of people that will take new loans and it will reduce the amount of money in circulation which is expected to reduce inflation.”

importing those items.

“That is increasing duties on manufactured goods that are being imported and reduce duties on the raw materials and inputs for domestic manufacturing. That is the way you play that within the tariff structure space.”

He added: “Until we address manufacturing and address productivity in agriculture we will not get the kind of rapid and increasing growth that we have desired over the years.”

Africa Road Builders Conferences Gather Momentum

With the appointment of an integrated marketing communications agency -Global Citirep Communications, by the General Commission of the Africa Road Builders - Trophee Babacar NDIAYE, to prospect and secure partners across Nigeria for the 10th edition of its annual conference, stakeholders and sponsors are already gearing up for the annual event. Raheem Akingbolu reports

In what looks like a determined response to the infrastructural challenges in the continent, the Africa Road Builders has, in the past 10 years, positioned itself as a platform for strategic reflections and actions in favour of road transport infrastructure in Africa. To this end, the landmark edition of the Africa Road Builders - Trophee Babacar NDIAYE event will be marked with two fora: an Inaugural Conference slated for April in the United Arab Emirates (UAE), with the theme; “Transport in Africa: Services and Development”, and a Final Conference in May, in Abidjan, Cote d’Ivoire during the Annual Meetings of the African Development Bank. Both conferences have been designed to assess all transport services and the environment in which these services are delivered in Africa, while offering insights for improvement and pushing for actions for the development of roads and transport.

Though the event, an initiative spearheaded by African journalists, has enjoyed unalloyed support of the African Development Bank (AfDB), for the past 10 years, a Lagos based Marketing Communications firm -Global Citirep Communications, has been appointed to prospect and secure partners across Nigeria for this 10th edition.

According to a letter of mandate, addressed to the Chief Executive Officer of the Lagos based firm, Hakeem Bello and signed by the General Commissioner of the Africa Road Builders -Trophee Babacar NDIAYE, Barthélemy Kouamé, Global Citirep Communications is saddled with the responsibility of identifying and registering participants for both events as well as collecting participation fees on behalf of the General Commission. The agency is also expected to undertake any initiatives aligned with the programme and pricing schedule provided by the General Commission to ensure robust participation from Nigeria.

Confirming the appointment, Bello, in a telephone conversation with THISDAY spoke glowingly on how the high-level event would promote the development

of roads and transport infrastructure across Africa. According to him, the event would also reflect the group’s unwavering commitment to sustainable and inclusive growth for the continent.

“This edition focuses on transport services as a driver of economic and social development in Africa. It explores topics ranging from accessibility to transport provision, including financing, market management, and transport policy administration. Without forgetting the user

experience, whether individuals or professional: we are all affected,” says the organizers.

Speaking on various benefits it would offer participants and sponsors, the firm’s CEO said it would give them maximum visibility and reputation as well as a platform to report the progress being recorded in their various jurisdictions on road transport infrastructure.

He said; “Like other developmental global platforms, the event aims at enhancing visibility and reputation, both as an individual delegate and as an entity operating in the mentioned fields. Regardless of your participation level, you are invited to share your ideas and experiences during presentations and ongoing discussions throughout the event,”

Meanwhile, the organisers have categorised the various benefits available for delegates and sponsors. While ordinary delegates will enjoy general benefits, Silver Sponsors will enjoy the general benefits as well as having their logo on all event visuals. They are also entitled to a page in Acturoutes magazine in April and May 2025, among other benefits. The general benefits include, Airport transfer, participation in all sessions, accommodation, and welcome dinner on April 24, lunch on April 24 and 25 and closing dinner.

For the Gold Sponsors, their benefits will also include general benefits, logo appearance, a page in Acturoutes magazine and the privilege of making two presentations on specific topics, among others.

The optimum sponsor, according to the organisers is the Diamond Sponsor / Patron, which also enjoys the general benefits, logo appearance on all event visuals, with the entitlement to two pages in Acturoutes magazine in April and May 2025, as well as two visuals on Acturoutes. In addition, the diamond sponsors are also entitled to the intro page on Acturoutes, information and placements on Acturoutes

TV (live and recorded) with dinners offered in their names, with their message delivered at these occasions. Like the gold sponsor, they too will have the privilege of making two presentations on specific topics of their choice, among other benefits. Another unique opportunity for participants is that their registration and participation in the UAE conference will qualify them to attend the Abidjan leg of the conference.

From any angle one chooses to look at this event, it is obvious that it will give delegates and sponsors access to specialised information because it will bring together road and transport stakeholders from around the world, all of whom have proven and recognized expertise.

Through these leaders there will be opportunity to access specialised information, in-depth analyses, and emerging trends. For the sponsors, the resources that participants will gain from the event will be invaluable for their governments, companies or organisations. In all, it will be a networking opportunity and a place to establish contacts between professionals and potential partners.

Like the previous editions, the final conference will be held on the sidelines of the Annual Meetings of the African Development Bank (AfDB) in Abidjan, where the President of the AfDB, Dr. Akinwumi Adesina, will receive a special distinction for his accomplished mission at the helm of the AfDB in service of the African continent.

The CEO of Global Citirep is confident about his firm’s readiness to ensure that participating individuals, institutions, and governments realize full benefits from their single subscription, which guarantees participation in the two conferences. Bello, a fellow of the Nigerian Guild of Editors (NGE), Nigerian Institute of Management (NIM) and member of the Nigerian Institute of Public Relations (NIPR) is on a familiar terrain having been in the media, infrastructure development and communications space for over three decades.

Nigeria’s Path to Economic Resilience: The Case for Currency Swap Agreements

Victor Liman and Ade Adefeko

Nigeria’s economic landscape is at a pivotal juncture. Faced with fluctuating oil prices, rising inflation, and currency devaluation, the country’s foreign reserves remain under constant strain. As Africa’s largest economy, Nigeria must adopt innovative strategies to safeguard its economic stability and reduce dependency on the U.S. dollar for international trade. One crucial tool that Nigeria must prioritize is negotiating currency swap agreements with major economies such as China, India, Russia, South Africa, Germany, France, Spain, and Italy.

Currency swap agreements—bilateral arrangements that allow two countries to exchange their currencies for trade and investment—offer Nigeria a viable mechanism to mitigate foreign exchange pressures, ensure balance of payments, and foster greater economic cooperation. By diversifying Nigeria’s trade settlement framework, these agreements can unlock new growth pathways and reinforce the nation’s economic sovereignty.

Nigeria’s foreign reserves are heavily reliant on petroleum exports, which account for over 90 per cent of the country’s foreign exchange earnings. This over-reliance exposes Nigeria to market volatility, with global oil price fluctuations dictating the health of its reserves. When oil prices fall, Nigeria’s reserves deplete, impacting the Central Bank’s ability to stabilize the naira and meet import obligations. Additionally, a significant portion of Nigeria’s imports—ranging from machinery to pharmaceuticals—are invoiced in dollars or euros, creating further strain on reserves. In 2023, the naira witnessed sharp depreciation, exacerbated by limited dollar liquidity. The result was rising inflation, soaring costs of goods, and a diminished purchasing power for ordinary Nigerians. Therefore, a currency swap mechanism will directly address these

challenges by bypassing the need for dollar transactions. By settling trade in local currencies, Nigeria can reduce pressure on its dollar reserves while strengthening economic ties with partner nations. Nigeria has already taken initial steps toward this approach. In 2018, the Central Bank of Nigeria (CBN) signed a $2.5 billion currency swap agreement with the People’s Bank of China. This arrangement allowed Nigeria to pay for Chinese imports in yuan rather than dollars. The result has been a modest but notable reduction in Nigeria’s dollar demand and an expansion of trade with China, its largest trading partner. However, while the China-Nigeria swap is a step in the right direction, it represents only one facet of a broader opportunity. Nigeria must replicate this model with other major trading partners, including European Union, India, Russia, South Africa, and key European economies like Germany, France, Spain, and Italy. These nations constitute a significant portion of Nigeria’s import portfolio, and bilateral agreements with them can significantly enhance Nigeria’s economic resilience. Strategic Benefits of Currency Swap Agreements will include the preservation of Nigeria’s foreign reserves, diminish Nigeria’s reliance on the U.S. dollar for trade, conserving foreign reserves for essential uses, such as debt servicing and crisis intervention. By settling transactions in naira, rupees, rubles, euros, or rand, Nigeria retains greater control over its reserves, ensuring economic stability. Nigeria’s persistent trade deficits with countries like China and India widen balance of payments gaps. Currency swaps will allow Nigeria to finance these deficits in local currency, reducing external debt accumulation and alleviating balance of payment pressures. Trade invoiced in local currencies often translates to more favourable terms for exporters and importers. Nigerian businesses can

secure better deals, avoiding exchange rate volatility tied to dollar fluctuations. This boosts competitiveness and stimulates domestic production.

Currency swaps reinforce diplomatic and economic ties between Nigeria and its partners. By fostering interdependence, these agreements pave the way for greater foreign direct investment (FDI), joint ventures, and technology transfers, contributing to Nigeria’s long-term economic growth. Also, inflation in Nigeria is closely linked to exchange rate instability. A diversified settlement framework through currency swaps will stabilise the naira by curbing speculative demand for dollars. This, in turn, reduces import costs and mitigates inflation.

India, Nigeria’s second-largest trading partner, with significant imports of pharmaceuticals, machinery, and technology. A naira-rupee swap agreement could lower import costs and expand Nigeria’s trade footprint in Asia. Russia, as Nigeria seeks to strengthen energy and defense cooperation, a naira-ruble swap enhances trade in critical sectors like agriculture and defense equipment. South Africa, Africa’s most industrialized nation, South Africa is a key regional partner. A naira-rand swap fosters greater intra-African trade under the African Continental Free Trade Agreement (AfCFTA). Germany, France, Spain, and Italy; these European economies are central to Nigeria’s infrastructure and manufacturing imports. Local currency agreements with the eurozone could diversify Nigeria’s trade architecture and attract European investors.

On the basis of these observations the Central Bank of Nigeria must prioritize bilateral negotiations with the central banks of key trading partners, leveraging existing diplomatic channels. Nigeria’s expected membership in BRICS, membership of the African Union, and possibly the G20

offers platforms for initiating these discussions. Nigeria’s fiscal and trade policies should align with the broader goal of promoting local currency settlements. This includes incentivizing exporters, strengthening the naira through monetary policy reforms, and enhancing domestic production capacity. The private sector must equally play an active role in driving currency swap utilization. By engaging with industry leaders, the government can tailor swap agreements to sectors that yield the highest economic dividends. Transparency in swap negotiations is critical to fostering investor confidence. Regular communication with stakeholders— both domestic and international—ensures clarity and prevents speculation.

Nigeria stands at a crossroads, and the path forward demands innovative economic tools that prioritize resilience and growth. Currency swap agreements represent a pragmatic solution to Nigeria’s persistent foreign exchange challenges. By negotiating swaps with major economies like India, China, Russia, South Africa, and key European nations, Nigeria can safeguard its reserves, ensure balance of payments, and stimulate trade competitiveness. This strategy should not be seen as merely an economic necessity—it is a geopolitical imperative that positions Nigeria as a leading player in the evolving global economic order.

• Victor Liman was the former Chief Trade Negotiator of Nigeria and Acting Director General, Nigerian Office for Trade Negotiations. He was also the Head and Trade Commissioner, Nigeria Regional Investment and Trade Office, Shanghai, China; with concurrent mandate to oversee the South Asian countries’ trade relations with Nigeria (vboffiong@gmail.com)

• Ade Adefeko is director of corporate and regulatory affairs at Olam Agri, chairman of the Industrial Group, Lagos Chamber of Commerce and Industry (LCCI), and honorary consul of Botswana in Lagos (adeadefeko@gmail.com)

Executive Director, Administration and Finance, Nigerian Maritime Administration and Safety Agency (NIMASA), Chudi Offodile; Director General, NIMASA, Dr. Dayo Mobereola; Chairman/Chief Executive, NDLEA, Brig. Gen. Buba Marwa (Rtd.); Executive Director, Maritime Labour and Cabotage Services, NIMASA, Jibril Abba and Executive Director Operations, NIMASA, Fatai Taiye Adeyemi during a courtesy visit by the Chief Executive and Management of the NDLEA to the NIMASA in Lagos… recently

Kwara Revenue Agency Raises Alarm over Non Payment of Taxes among Residents

Kwara State Internal Revenue Service (KWIRS) has raised an alarm over the non compliance of the residents of the state on the payment of taxes. The development according to THISDAY checks might not be unconnected with the ongoing urban renewal programme of the state government. The programme has led to the erection of walls in some business

hubs in Ilorin that has deprived the shop owners in the affected business hubs to make money to enable them pay taxes in the state.

Following this development, the revenue agency has embarked on the tax education and awareness workshop among stakeholders as a measure to reduce high level of non-compliance in the tax collection in the state.

Speaking at the event in Ilorin, the chairman of KWIRS, Mrs..Sade Omoniyi said that, tax compliance

Kano Govt Launches Waste Management Initiative

Arthur Eriye

The Abba Yusuf led government of Kano State has inaugurated a waste management and refuse disposal initiative aimed at transforming the state into a cleaner and more environmental-friendly city.

During the inaugural ceremony held recently in Kano, the Commissioner for Environment and Climate Change, Dr Dahiru Hashim said that only a multi-dimensional approach would address the state’s waste management challenges.

Hashim stressed that the state has recognized the effectiveness of a robust waste management system in maintaining the well-being of its citizens.

had remained a significant hurdle to meeting revenue target.,

The title of the workshop is “Enhancing tax compliance through Stakeholder Sensitization and Engagement.”

The KWIRS boss, who said that taxation is the lifeblood of any economy, added that, “It is through the faithful payment of taxes that government can provide critical infrastructure, quality

education, healthcare and other essential public services.

She said that the workshop was designed to address some of the pressing issues surrounding tax compliance and to provide practical insights for all stakeholders.

She said that, addressing the challenge of non-compliance requires deliberate strategies, collaboration and continuous

stakeholder dialogue.

In his presentation titled, “Implications of non-compliance,”

the HOD, Corporate Planning of the agency, Muhammed Audu, said that non-compliance causes risk to government, in form of pressure on government, loss of revenue, increase in debt etc.

Audu, who warned that there is no longer hiding place for tax defaulters in Kwara state, said that,

“No hiding place for tax defaulters again in Kwara. We have your record. We have power to ask banks for your bank statement but we respect you so much and that’s why we ask you to bring your bank statement. There’s punishment for tax defaulters or declaration of false statements. Please, always provide us true situation of your income to avoid punishment,” he said.

NIGCOMSAT, Eutelsat Partner to Deepen Communication Connectivity

Emma Okonji

“A major aspect of the initiative is the introduction of waste disposal bins in commercial vehicles, including buses and tricycles that operate within the state.

“The initiative is designed to encourage commuters to dispose of their waste responsibly while on the move.

“Additionally, the Ministry of Environment and Climate Change will install waste disposal bins at motor parks, bus stops, and along major streets across Kano State.

“This move is aimed at promoting responsible waste disposal by road users and commuters.

According to him, the Ministry of Environment and Climate Change, in collaboration with the transportation and commerce ministries, unveiled the initiative aimed at addressing the waste management challenges across the state.

Katsina Govt Holds Strategic Workshop on Economic Diversification for SMEs

Katsina State Government under the leadership Gov. Dikko Radda is stepping up efforts to strengthen Nigeria’s non-oil export market by empowering businesses and driving economic diversification.

Speaking at a workshop with the theme, “Unlocking Katsina State Export Potentials: Strategies for Success,” organised by the Katsina State Investment Promotion Agency (KIPA), Gov. Radda outlined the state’s export priorities. Katsina is a significant producer of exportable commodities such as sesame, hibiscus flower, Gum Arabic, soybeans, millet, and sorghum, and the government is keen to leverage these assets for economic growth.

Radda highlighted agriculture as the backbone of Katsina’s economy, with his administration focusing on subsidized farm inputs and

expanded irrigation initiatives to enhance productivity.

(SMEs), the government has launched an Enterprises Development Agency and secured a N5 billion matching fund from the Bank of Industry. This funding aims to improve business growth and create jobs, further strengthening the state’s economic foundation.

KIPA Director-General Ibrahim Tukur-Jikamshi stressed Katsina’s untapped potential in agriculture, textiles, livestock, and minerals, while acknowledging key challenges like limited market research and restricted access to funding.

With Katsina ranking fifth nationally in ease of doing business, the state is positioning itself as a hub for economic transformation. The workshop offered SMEs actionable strategies to overcome these challenges, fostering an environment for export growth.

The Nigerian Communications Satellite (NIGCOMSAT) Ltd, in conjunction with a global leader in satellite communications Eutelsat, has announced a multi-year, multi-million-dollar partnership to deliver low Earth orbit (LEO) satellite services in Nigeria.

The strategic agreement positions NIGCOMSAT as Nigeria’s leading satellite service provider by leveraging the OneWeb LEO network to deliver high-speed, low-

latency connectivity. The services will cater to a wide range of sectors, including government, enterprises, and underserved rural areas, supporting essential applications like remote communications, mobile connectivity, and offshore operations.

NIGCOMSAT Managing Director and Chief Executive Officer, Mrs. Jane Nkechi Egerton-Idehen, who announced the partnership, said: “We are delighted to deepen our collaboration with Eutelsat, a globally renowned satellite

technology leader. This partnership is a milestone for NIGCOMSAT, enabling us to bridge Nigeria’s digital divide through the cuttingedge capabilities of OneWeb LEO satellites. Together, we will deliver scalable, reliable connectivity solutions to foster growth across government services, businesses and communities nationwide.”

According to her, ‘the partnership attests to the strong ties between Nigeria and France in advancing satellite and space technology.

By joining forces, Eutelsat and

NIGCOMSAT are poised to drive innovation, accelerate digital transformation, and open new opportunities for connectivity across Nigeria and beyond. As a global leader in satellite communications, Eutelsat Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services.

MTN Nigeria Becomes First Globally CMS Certified Nigerian Organisation

Emma Okonji

MTN Nigeria has achieved a major milestone by becoming the first Nigerian organisation, the first company in the telecommunications industry, and the first within MTN Group to earn the Compliance Management System (CMS) certification from the International Accreditation Service (IAS).

The globally recognised certification affirms MTN Nigeria’s

commitment to maintaining worldclass compliance standards across its diverse operations.

Commenting on the achievement, MTN Nigeria’s Chief Risk and Compliance Officer, Obiageli Ugboma, said: “Achieving this feat is a testament to our robust compliance framework and proactive approach to managing risks in an ever-changing digital landscape. It reinforces our promise to connect Nigerians with secure, reliable, and

innovative solutions.”

The International Accreditation Service (IAS) is a globally recognised accreditation body. It accredits a wide range of organisations, including governmental entities, commercial businesses, and professional associations, based on recognised national and international standards.

This ensures that IAS accreditations are both domestically and globally accepted, highlighting their credibility and relevance.

The ISO 37301:2021 Compliance Management System (CMS) standard is the benchmark for effective compliance management. The certification solidifies stakeholder trust and provides organisations with a framework for establishing, implementing, evaluating, and continually improving a compliance management system that ensures adherence to laws, regulations, and ethical standards.

Chinedu Eze

Many foreigners who travelled to Nigeria during the last Christmas and also Nigerians in Diaspora, took the advantage of the low exchange rate of the local currency, the naira to access luxury products and services at prices that were far cheaper they would have had them outside Nigeria.

Group Managing Director of Finchglow Holdings Limited, Bankole Bernard stated this

during an interactive session on the review of 2024 activities and preview of 2025 in the Nigerian travel industry at the weekend. He said that Nigeria’s weak currency was what created Detty December and the influx of foreigners into the country during the Yuletide season and suggested that Nigeria should build on it and develop a very viable tourism industry where foreigners and Nigerians in Diaspora will make Nigeria a destination at the

end of every year.

Bernard noted that their visit boosted ancillary services from hotels to recreational centres and other places, adding to heavy air travel that built up during the period.

“Our weak currency was the major factor that created Detty December for us. Nigeria became an affordable place to go, which was good for us. A lot of people, including myself are already planning for the next December. Detty December also

confirmed that despite insecurity in some places in the country, Nigeria is generally safe,” he said. Bernard also spoke about safety in Nigeria’s airspace and how many Nigerian airlines have gone through the rigours of safety audit conducted by the International Air Transport Association (IATA) and passed the audit to obtain IATA Operational Safety Audit (IOSA) certification that brings them up to per with international carriers in the area of safety status.

Arthur Eriye

Hammed Shittu in Ilorin

Acting Group Politics Editor DEJI ELUMOYE

Email: deji.elumoye@thisdaylive.com

08033025611 sms only

Aiyedatiwa and His Political Struggles at 60

Fidelis David reports that the political struggles and path of the governor of Ondo State, Lucky aiyedatiwa is far from smooth, but synonymous with challenges, relentless schemes, destiny and enduring hope

Undoubtedly, the story of Nigeria cannot be completed without mentioning former leaders like Alhaji Shehu Shagari; Muhammadu Buhari; Obafemi Awolowo; Nnamdi Azikwe; General Yakubu Gowon; Olusegun Obasanjo and the story of Ghana cannot be told without making mention of late Dr Kwame Nkrumah. The same way the liberation struggle in South Africa will always be dominated by the name of late Madiba, Dr. Nelson Mandela.

Equally, the story of lasting peace, tranquility, all-round development in Ondo State cannot be told without making mention of the immeasurable contributions of Micheal Adekunle Ajasin, Adebayo Adefarati, Olusegun Agagu, Dr. Olusegun Mimiko, Oluwarotimi Akeredolu and Lucky Aiyedatiwa, who is the incumbent governor.

Looking at the biblical David, God had quietly prepared him for his role as the great king of Israel. For years, throughout David’s life God would use everything -consequences, trials, successes, relationships, aloneness, error, folly, betrayals -- to deepen those inner qualifications.

Although, David had a very slow rise to power. He was in no rush to claim his kingdom. He waited for the Lord to direct him and reigned for about 40 years.

An American talk show host, television producer, actress, author, and media proprietor, Oprah Gail Winfrey said, “Where there is no struggle, there is no strength”.

This typifies Aiyedatiwa’s political struggles which metamorphosed to strength.

The above premises are best applicable to the story of the incumbent Governor of Ondo State, Lucky Aiyedatiwa and the winner of the November 16, 2024 gubernatorial poll which has left an indelible mark in the political history of the state.

Particularly, that Aiyedatiwa braved all odds to emerge victorious in the governorship election, winning in all the 18 local government areas of the state signposted that he’s destined to reign.

Although, some believed that the election results was the reward of his resilience and audacity, and an attestation to his wide acceptance by the people of the state but some others believe that it was another result fabricated by the ‘abracadabra’ of the ruling All Progressives Congress.

Nevertheless, Aiyedatiwa’s victory did not, however, come easy as he faced so many hurdles in his attempt to seek the mandate of the people of Ondo State for the exalted office of the governor.

The hurdles ranged from attempted impeachment to undermining his office as the acting governor, among several attempts to smear his name, prior to the governorship poll due to the health challenges faced by his principal, Rotimi Akeredolu who died on December 26, 2023 after a prolonged illness.

Besides, for Aiyedatiwa, who was appointed deputy governor after the removal of Agboola Ajayi, the erstwhile occupant of the office, his road to the Alagbaka Government House did not just come easy. He battled 15 other aspirants to secure the ticket of his party, All Progressives Congress (APC).

He clinched the ticket with a resounding victory, amassing a total of 48,569 votes in the governorship primaries, with his closest contender, Mayowa Akinfolarin, trailing behind him with 15,343 votes, while Chief Olusola Oke placed third with 14,865 votes.

A native of Obe-Nla, an oil-bearing community in Ilaje Local Government Area of Ondo State, he was born to the family of Mr. Titus Akande and Mrs. Rosanah Moyebi Aiyedatiwa (of blessed memory) on the 12th day of January, 1965.

As he turned 60 recently, Aiyedatiwa’s achievements stand as a testament to visionary leadership and dedication to public service in the coastal state.

It is glaring that Aiyedatiwa’s 12 months reign has been marked by remarkable accom-

plishments and his administration’s interventions justify his quest to building the Sunshine State.

Under his stewardship, he has deliberately focused on Infrastructural Development, Public Utilities Renewal, Agricultural Production increment, Entrepreneurship and Youth Development, Job Creation and Security.

Aiyedatiwa had said recently, “We have focused on strengthening governance institutions through fiscal discipline, improved healthcare, access to quality education and responsible citizenship. We have shown commitment to social welfare to alleviate the sufferings of our people. We have deliberately created a stronger engagement with our women, too. We are concerned with leadership with integrity and character. We are not talking on our people, we are talking with them.

“Remarkably, within our months in the saddle, we have activated the construction of not less than 70 kilometres of rural roads in order to

provide access to our farm settlements and villages. This is in addition to the new 60 kilometres city based roads recently awarded alongside the ongoing roads, bridges and public building projects initiated and awarded by our administration.

“It is significant that our workers are happy and well-motivated as we pay their salaries regularly and promptly. We owe no kobo to workers, even as they enjoy their regular promotion. We have employed workers into critical sectors of the public service, such as health and Internal Revenue Service, while processes are at an advanced stage to recruit about 2,000 teachers for public primary and secondary schools. We have supported not less than 500 youths with hundreds of million naira grants and loans as part of start-up kits for their entrepreneurial businesses.”

To celebrate his 60th birthday, Aiyedatiwa pardoned no fewer than 40 inmates serving various jail terms across the various correctional centres in Ondo State.

The birthday jamboree was however cancelled in honour of the late Secretary to the State Government (SSG), Tayo Oluwatuyi, who died penultimate weekend after an

Aiyedatiwa’s victory did not, however, come easy as he faced so many hurdles in his attempt to seek the mandate of the people of o ndo s tate for the exalted office of the governor. The hurdles ranged from attempted impeachment to undermining his office as the acting governor, among several attempts to smear his name, prior to the governorship poll due to the health challenges faced by his principal, Rotimi Akeredolu who died on December 26, 2023 after a prolonged illness.

auto crash a few weeks ago.

With 15 of the convicts regaining immediate freedom, others on death row had their death sentences commuted to life imprisonment, with some of the inmates also given reduced sentences.

Aiyedatiwa who said his action was in accordance with Section 212 (1) (2) of the 1999 Constitution (as amended), stressed that the move underscored his dedication to fostering a justice system that prioritises reform over retribution, adding that the move would pave the way for renewed hope and opportunities for reintegration into society.

According to him: “Life, with all its challenges and triumphs, has taught me invaluable lessons about resilience, perseverance, loyalty, consistency, and the importance of prayers. Each experience, whether joyous or challenging, has shaped me into who I am today, and for that, I am deeply thankful.

“On this special day, I give thanks to God for His continued mercy, grace and help. I am grateful for the opportunities, the victories, and even the trials that have contributed to my growth and development. As I look ahead to the new season and phase, I pray for divine guidance and blessings—asking for more understanding, knowledge, insight, foresight, strength and might to navigate in the days to come, wisdom in every decision, and success in all my endeavors.”

Nevertheless, the birthdays of most great men are often than not heralded with glowing tributes, heartfelt felicitations and princely celebrations.

For the Deputy Governor of the state, Olayide Adelami, his principal is a man who has given his all for the sake of Ondo people and such a magnanimous leader with excellent qualities deserves nothing short of accolades and kingly birthday celebration. He said: “Your Excellency, through your essential authenticity, disarming wit and unwavering commitment to governance, you have demonstrated that it is, indeed, possible to be great, yet humble, to be powerful, yet amiable, polite but firm. It is worthy of mention that the aura of calmness; of thoughtfulness; and of elegance with which you have conducted yourself over the last six decades, even in the face of adversity, has earned you the sobriquet ‘Odirorun’.

“Your names, which typify the grace of God, do not only pave the way for you but reflect in the ways you pilot the affairs of the state. You have shown, countless times, that you are a governor for all. As someone who works closely with you, I can boldly say that since you have been in the saddle as the Chief Executive of Ondo state, you have religiously pursued pro-poor programs, projects and policies with a lot of commitment and fervency.

“Your love for the downtrodden and the lowly in our society is second to none. Under your watch, Ondo state has been largely progressive and flourishing in every sector. We are proud of you, and your exploits”.

On his part, Senior Special Assistant to the Governor of Ondo State on Research and Documentation, Ewatomilola EmiolaOwoeye also believes that by every indication, Aiyedatiwa’s achievements are on the level of setting a benchmark for public service.

Emiola-Owoeye noted that Aiyedatiwa is a governor who believes that peace, development and tranquility can only thrive in a society where there is security as this is the bedrock of social integration and economic prosperity in developed society, hence his vehement support for the State Security Network Agency codenamed Amotekun and other sister security agencies in the state.

“Indeed, the name “Lucky” Orimisan Aiyedatiwa proved prophetic during the tumultuous battle that secured his victory. Beyond politics, Governor Aiyedatiwa has touched every sector of the state’s economy, bringing organic development and impactful transformation to the Sunshine State.”

Aiyedatiwa

To Tackle Nigeria's Housing Deficit, a New Lifeline Emerges to Alleviate High Rental Burden

Nigeria's housing deficit, estimated at 28 million units, has long been a pressing concern. The situation is exacerbated by rapid population growth, urbanisation, and economic disparities, leading to a significant shortfall in housing supply. To tackle these challenges in what could best be described as a new lifeline, the Federal Mortgage Bank of Nigeria (FMBN) has introduced the Rental Assistance Loan, designed to alleviate the burden of high rental costs for individuals and families. Sunday Ehigiator reports

Traditionally, housing finance has been inaccessible to most Nigerians, particularly those in the informal sector for the longest of Nigeria’s existence.

The allocation of housing finance in Nigeria has been heavily skewed towards the salaried and formally employed population who fall in the minority of Nigeria’s working population.

According to the National Bureau of Statistics’ (NBS) National Labour Force Statistics Report, Nigeria’s informal employment rate, which is the share of employed persons in the informal sector and informal employment, was 92.7 per cent in Q2 2023.

The informal sector, which includes traders, artisans, and small business owners, constitutes a large portion of the economy. However, due to the unpredictable nature of their incomes, these individuals often face significant challenges in accessing formal credit facilities.

The implication of this is that only minuscule populations of Nigerians are formal sector employees and could originally access housing finance, leaving a vast majority of those in the informal sector without viable options for homeownership or even affordable rental housing.

As a result, they are forced to rely on informal and often exploitative sources of credit, which can lead to debt traps and financial instability.

A New Lifeline

In response to this pressing need for affordable housing finance, the Federal Mortgage Bank of Nigeria (FMBN) has introduced the Rental Assistance Loan, a groundbreaking initiative designed to provide financial relief to individuals and families struggling with high rental costs. This innovative loan product is part of FMBN's broader strategy to address the housing affordability crisis in Nigeria.

The Managing Director of FMBN, Shehu Usman Osidi, made the announcement during the recently concluded 18th Africa International Housing Show (AIHS) 2024, in a presentation which outlined the strategic efforts being made by the Bank’s new Executive Management Team to transform the Bank to optimally deliver on its mandate of mortgage provision for affordable housing solutions.

Understanding the Rental Assistance Loan

The Rental Assistance Loan is a microhousing loan product meticulously designed to alleviate the financial burden of rental payments for eligible Nigerians. The loan is tailored to meet the specific needs of middle and low-income earners, as well as informal sector workers, who have historically been excluded from formal housing finance.

It is a testament to FMBN’s commitment to ensuring that all Nigerians, regardless of their income level or employment status, have access to safe and affordable housing.

This commitment, which draws inspiration from the Bank’s mandate of providing mortgages for affordable housing delivery to low- and middle-income earners, resonates with the vision of the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, and drawn from President Bola Ahmed Tinubu’s Renewed Hope Agenda for the housing sector.

It would be recalled that while performing the groundbreaking for 3112 housing units at Karsana, Abuja in February, 2024, President Tinubu re-asserted that every Nigerian deserves decent and affordable accommodation, reaffirming his commitment to making this happen.

The innovative Rental Assistance Loan has been thoughtfully crafted to ensure accessibility, affordability and flexibility, making it a viable solution for many who have found it challenging to secure housing finance through other traditional financial arrangements.

Eligibility

According to Osidi, one of the key requirements for qualifying for the Rental Assistance Loan is that applicants must be contributors to the National Housing Fund (NHF) Scheme.

“This pre-requisite ensures that beneficiaries are actively engaged in a system that promotes long-term financial planning for housing. By making contributions to the NHF, applicants demonstrate their commitment to securing their housing future, which is a critical aspect of financial discipline.

“Unlike traditional loans that may require a substantial lump sum payment, the FMBN Rental Assistance Loan mandates consistent contributions to the NHF for a minimum of six months. This approach not

only encourages financial discipline but also broadens the loan’s accessibility to a larger demographic.”

Means-tailored-loans

The Rental Assistance Loan offers a maximum loan amount of N2 million which is subject to the beneficiary’s affordability. This cap is strategically set to ensure that the loan remains within a manageable range for applicants, aligning with their income levels and financial capacity.

According to Osidi, “By tailoring the loan amount to the applicant’s financial situation, FMBN is helping to prevent over-indebtedness, especially considering the prevailing hardship in the country, thereby promoting long-term financial stability.

“Another essential feature of this loan is that the amount borrowed is designed to not exceed one-third of the applicant’s annual gross pay or confirmed income. This prudent measure ensures that the loan repayments do not become a financial strain, allowing beneficiaries to meet their other financial obligations without undue stress.

Accessibility

To further enhance the accessibility of the Rental Assistance Loan, Osidi said the bank has streamlined the application

By offering micro-housing loans, the bank is providing a practical solution to the immediate needs of medium and low-income earners, many of whom struggle to save for homeownership due to the high costs of rent. The initiative is expected to have a ripple effect across the housing sector, by reducing the financial burden on renters, thereby enabling individuals to allocate more of their income towards savings or other essential expenses

process to allow prospective beneficiaries to apply directly through the FMBN portal or at branch offices located near the property they intend to rent.

“This decentralized application process is particularly beneficial for those living in remote or underserved areas, where access to financial services can be limited.

“For informal sector workers, there is an additional requirement of membership in a cooperative society. This prerequisite not only fosters a sense of community among beneficiaries but also provides a support system that is essential for managing loan obligations.”

Loan Tenor’s Flexibility

The loan tenor for the Rental Assistance Loan is set at 10 months, offering a short-term, flexible repayment period that aligns with typical rental agreements.

According to Osidi, “This feature allows beneficiaries to manage their financial commitments effectively without the burden of long-term debt obligations and the ability to adjust their payments according to their financial situations.

“One of the most significant advantages of the Rental Assistance Loan is the option for early liquidation without penalties. This means that beneficiaries have the flexibility to repay the loan ahead of schedule if their financial situation improves, without incurring any additional costs.

“This feature is particularly beneficial for those who may experience a sudden increase in income or who wish to avoid paying long-term interest on the loan.

“Also, loan repayments can be made through the Treasury Single Account (TSA) or, for informal sector workers, through their cooperative societies. This dual-channel repayment option provides flexibility and convenience, catering to the diverse needs of beneficiaries across different sectors.”

Insurance and Interest rate

Osidi said, “The Rental Assistance Loan carries a recommended interest rate of 9 per cent, with 1 per cent of this amount allocated as an upfront insurance cover.

“The remaining 8 per cent is recognised as the Bank’s income on the product. The inclusion of an insurance component offers a vital safety net for beneficiaries. However, in the event of damage to the rented property as a result of natural disaster, the landlord is responsible for repairs.”

FMBN’s Efforts at Affordable Housing

The introduction of the Rental Assistance Loan is part of a broader strategy by FMBN to address the housing affordability crisis in Nigeria.

By offering micro-housing loans, the Bank is providing a practical solution to the immediate needs of medium and low-income earners, many of whom struggle to save for homeownership due to the high costs of rent.

The initiative is expected to have a ripple effect across the housing sector, by reducing the financial burden on renters, thereby enabling individuals to allocate more of their income towards savings or other essential expenses.

Over time, this would lead to an increase in homeownership rates, as more Nigerians are able to accumulate the necessary capital for a down payment in the quest to own a roof over their heads.

As the bank continues to innovate and push the boundaries of housing finance, it is clear that the Rental Assistance Loan is just the beginning of a new era in affordable housing in Nigeria.

Managing Director, Federal Mortgage Bank of Nigeria, Usman Shehu Osidi

NPA Deepens Partnership With NLNG to Grow Exports

Eromosele Abiodun

Following the repositioning of the port system that has improved efficiency, the Nigerian Ports Authority (NPA) has said that it is poised to provide the operational collaboration necessary to grow exports.

Managing Director/CEO of the NPA, Dr. Abubakar Dantsoho stated this in Lagos yesterday when he received the Chief Executive Officer of the Nigerian Liquiefied Natural Gas (NLNG) Limited, Dr. Phillip Mshelbila at the NPA headquarters.

According to the NPA boss, “imbued by the mandate of the Minister of Marine and Blue Economy Adegboyega Oyetola for the NPA to support the increased export orientation of the Federal Government, we assure you of our unwavering support. Nigeria LNG (NLNG)

has played a key role in Nigeria’s economic development and export growth since inception. We will grow this partnership.”

Speaking during the visit, Mshelbila expressed Nigeria LNG’s appreciation for the NPA’s the continued support and solicited increased synergy as NLNG Limited is expanding its LNG production capacity to take advantage of increased global demand.

Nigeria’s attainment of trade surplus of N5.81 trillion ($3.7 Billion) in third quarter of 2024 as reported by the Nigerian Economic Summit Group (NESG) foreign trade alert was through exports predominantly consummated on the platforms of the Nigerian Ports Authority.

Dantsoho had on assumption of office last year promised to reposition the agency for increased productivity and

greater efficiency for improved revenue generation.

Dantsoho said the NPA under his watch would rise up to the intense competition from neighboring countries.\Also, he promised to work tirelessly to improve efficiency, reduce costs and enhance the overall user experience at the nation’s seaports.

According to him, “As we embark on this Journey together, I wish to seize this opportunity to state that our main goal is to reposition the Organization for increased productivity and greater efficiency for improved revenue generation to the Authority and country. We must rise up to the intense competition we face from our neighbors, we must work tirelessly to improve efficiency, reduce costs and enhance the overall user experience in our ports.

Hamzat Calls forAdoption of Captive Power Generation to Boost Industrial Growth

Shittu in Ilorin

A multidimensional energy policy expert and Executive Director of Foundation for Peace Professionals (PeacePro), Mr. Abdulrazaq Hamzat, has called for wider adoption of captive power energy generation in order to accelerate the industrial growth of the country.

In a statement, Hamzat emphasised captive power energy generation role in sustaining industrial operations amidst chronic grid unreliability and called for policies that encourage rather than discourage its growth.

Hamzat is apparently reacting to the recent comments by Nigeria’s Minister of Power, Adebayo Adelabu, on the increasing reliance on captive power generation by industries and academic institutions.

Defending the trend, Hamzat said its vital role in sustaining industrial operations amidst chronic grid unreliability and called for policies that encourage rather than discourage its growth.

Hamzat’s remarks follow reports that over 250 manufacturers and institutions have disconnected from the national grid, citing frequent

grid failures, high electricity costs, and damaging voltage fluctuations.

Collectively, these captive power operators produce an estimated 6,500 megawatts (MW) — significantly exceeding the 4,500–5,000 MW generated by the national grid.

According to him, “Without captive power, many industries would have closed down. Grid electricity may be cheaper, but reliability is indispensable for industrial survival. Captive power ensures dependable energy, which is essential for productivity.”

Lagos Party Lighting Up New Markets for Nightlife Brands

It is not for nothing that Element House is consistently driven into the consciousness of revellers in Lagos and its environs. It is simply because the entertainment hub has proven to be a true driving force to the growth of the budding Nigerian Electronic Music scene. Little wonder, the place is not only electrifying Lagos but is also redefining the nightlife industry in the country in a way that only a few could have predicted in the last ten years.

Element House – a unit of Spektrum Entertainment Limitwd – has got to be markedly different: pulsing beats, neon lights, and an enthralling crowd for who “last call” is a distant meaning. Yet, behind all the wild energy lies an incredible business engine that is fast attracting global

brands that are targeting the pies on offer from Nigeria’s nightlife market. Element House provides a magnetic impact on various brands desiring to tap into the potential on display. Desperados — the tequila-flavored beer — has been a long-term sponsor, hitching its wagon to the party’s fast-growing reputation. It’s a smart move in what is considered a fast move to get well positioned for Lagos’ trendsetters and music lovers within and outside Nigeria who desire a chunk of the Ibiza-style luxury in West Africa.

Despite the legendary status of Lagos as a “party haven”, the management of Element House is working round the clock to innovate by ensuring seamless blending of under-

ground culture with commercial appeal, such that some brands that had since taken leave of the chaotic nightlife are making the huge turn back to tap into the “new world order” offered by Element House with a plethora of consistent gatherings of people who value music as much as they value culture. The gatherings also factor extensively into using the ambiance to market their brands on social media, resulting in a goldmine of engagements for them individually and collectively.

At Element House, an electronic party is no longer just a rave. Indeed, it is also a platform for lifestyle brands to connect with a growing, youthful audience eager to spend on their interests.

REX Insurance Appoints New Executives

The Board of Rex Insurance Limited (Rex), has announced the appointments of key executives in the company. They are Adesola Akintayo as Executive Director, Technical; Abayomi Kayode as Chief Financial Officer (CFO); Adeyinka Aderombi as Chief Digital Information Officer (CDIO); and Kazeem Sulaimon as Head, Underwriting. According to the underwriting firm, the appointments have all been approved by the insurance sector regulator the

National Insurance Commission (NAICOM)

Speaking on the new appointments, the Chairman, Board of Rex, Dr. Ike Chioke, said the new appointments would play a pivotal role in driving the company’s strategic initiatives and fostering continued growth.

He said with proven track records of success, the appointees would bring their wealth of experience and expertise to Rex Insurance.

He added that their extensive

background in their relevant positions make them an invaluable asset to the organization”.

“They all have a strong reputation for innovative thinking, exceptional leadership, and a deep understanding of the industry landscape, and we are confident that their leadership will propel Rex Insurance to new heights and reinforce our position as an industry leader in the insurance landscape in Nigeria,” the REX boss stated.

Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic

Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Managing Director/CEO Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho received the Chief Executive Officer of the Nigerian Liquiefied Natural Gas (NLNG) Limited, Dr. Phillip Mshelbila at the NPA Headquarters in Lagos….yesterday

Hammed

Stanbic IBTC Holdings Allocates 96.3% Rights Issue Proceeds to Banking Subsidiary

KayodeTokede

Stanbic IBTC Holdings Plc, yesterday disclosed that it would allocate 96.3 per cent of its N148.71 billion rights issue proceeds to its banking subsidiary.

The rights issue allows existing shareholders to subscribe to 2,944,772,083 ordinary shares of 50 kobo each at N50.50 per share, structured as five (5) new shares for every twenty-two (22) ordinary shares held as

of October 29, 202. The Acting CEO, Stanbic IBTC Group, Kunle Adedeji, during the company’s ‘Facts Behind the Issue’ presentation in Lagos revealed that a substantial 42 per cent of the funds will be directed towards Corporate and Investment Banking (CIB), with the aim of boosting lending to counter-cyclical sectors such as manufacturing, power, agriculture, and telecommunications.

He emphasized that allocation aligned with the Group’s

strategy to support industries critical to Nigeria’s economic development.

Highlighting its strategic importance, Adedeji stated, “Our plan is to channel resources into sectors that have the capacity to catalyze sustainable growth in the Nigerian economy. The financial sector is a critical aspect of actualizing Nigeria’s target of $1 trillion economy.”

Additionally, 27 per cent of the proceeds will support Business and Commercial Banking

(BCB), facilitating the growth of commercial enterprises and SMEs, particularly in the general commerce sector. “Personal and Private Banking (PPB) will account for 11 per cent of the funds, enhancing credit accessibility for individual clients and improving their financial wellbeing,” stated Adedeji.

Beyond lending, Stanbic IBTC plans to utilize 2.22 per cent of the proceeds to expand its distribution network by establishing ‘iconic’ electronic and green-rated

branches, ensuring broader access to its services. Furthermore, 14.11 per cent will be invested in IT infrastructure upgrades, including the modernization of cyber and information security systems. The Company stressed that this investment will enhance operational efficiency and ensure the resilience of the group’s technological platforms. “We are committed to deploying best-in-class systems to support our clients and secure their transactions,” Adedeji added.

The rights issue follows Stanbic IBTC’s strong financial performance for the nine months ended September 2024, during which the group recorded a 95 per cent year-on-year increase in gross earnings to N650 billion and a 67 per cent rise in profit after tax. Key metrics, including a 43 per cent return on equity, a capital adequacy ratio of 15.7 per cent and a non-performing loan ratio of 3.2 per cent underscored the group’s operational strength and prudent risk management.

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 20 January-2025, unless otherwise stated.

Celebrating UNILAG’s Exceptional Academic Achievements, Shaping Future Leaders

The University of Lagos recently held its 55th convocation ceremony, marking significant milestones in its academic journey and celebrating outstanding achievements in education, research, and innovation. Funmi Ogundare and Esther Oluku report

L-R: The Bursar, University of Lagos, Mrs. Oluwafunlola Adekunle; acting Registrar, Mrs. Olakunle Makinde; Chief Executive Officer, the Nigerian Economic Summit Group, and guest lecturer, Dr. Oluwatayo Aduloju; Pro-Chancellor and Chairman of UNILAG’s Governing Council, Chief Wole Olanipekun, SAN; former Minister of Works and Housing, and Chairman of the convocation lecture, Babatunde Fashola, SAN; UNILAG Vice-Chancellor, Prof. Folasade Ogunsola; Deputy Vice-Chancellor (Management Services), Prof. Lucian Chukwu; and Deputy Vice-Chancellor (Development Services), Prof. Ayo Atsenuwa, at the 55th convocation recently

It was celebrations all the way last week as the University of Lagos recorded an unprecedented feat by producing 561 first-class graduates, the highest number ever awarded in a single year since the institution was founded in 1962. This represents a significant increase from the 340 first-class recipients at the 54th convocation last year.

Among the graduates were Damilare Haroun Adebakin and Samuel Akinade Badekale, both from the Department of Cell Biology and Genetics, Faculty of Science, who were honoured for emerging the best-graduating students with perfect Cumulative Grade Point Averages (CGPA) of 5.0. They were part of the 16,409 students who graduated from various faculties during the week-long 55th convocation ceremony.

Statistics of the graduating students showed that out of the total, 9,684 bagged diplomas and first degrees, 6,659 were awarded postgraduate degrees, while 66 finished from the UNILAG Business School.

As part of the ceremony, its Distance Learning Institute (DLI) and the alumni association honoured its best-graduating students.

They were Faith Edewede Innocent, Rosemary Biachi, Blessing Neachukwu, Christiana Abazuonu, Kehinde Olaronke Shepard and Moshood Alabe, who received the award for the best in Innovation Management.

During an award ceremony and hoodie programme, the institute revealed that the initiative to grant the best-graduating student from each of its five programmes a prize of N50,000 was designed to encourage and support students in their pursuit of academic excellence.

Speaking to journalists, Mr. Olawoyin Oluwafemi, Chairman of the Distance Learning Institute Alumni Association, explained that the graduates had also been inducted as alumni of the institute.

“After their graduation and induction as alumni, we encourage them to stay connected to their alma mater and contribute meaningfully to the development of the institution and the broader society,” he said. “Today, we are proud to recognise six outstanding

students, one from each department of the institute,” he stated.

He urged the graduates to give back to their alma mater by playing vital roles in the sustainable economic development of the institution.

Dr. Olusegun John Adeleke, the pioneer Chairman of the Distance Learning Institute, emphasised that the initiative aligned with the institution’s vision to positively impact the lives of Nigerian students and contribute to the nation’s progress.

Adeleke also called on the government to enhance the learning environment, making it more conducive for students to showcase their creativity and innovations.

Earlier in her remarks, the Vice-Chancellor, Prof. Folasade Ogunsola, commended the graduates for their academic achievements, encouraging them to embrace the future with confidence and ambition. She emphasized the importance of meritocracy and personal growth, urging the graduates to push beyond their boundaries and continue to build their legacies.

“Remember, failing to start is the greatest

sin. Go out and live your best life,” she said, quoting Mark Twain, an American writer, telling the graduates to explore and take risks.

Addressing the graduands, Chief Wole Olanipekun, the Pro-Chancellor and Chairman of the UNILAG Governing Council, advised them to apply the knowledge gained during their time at the university to create meaningful careers. He cautioned against relying solely on salaried jobs, encouraging graduates to engage their minds creatively and contribute to society in a more fulfilling way.

He also urged them to join the UNILAG Alumni Association, emphasising its role in fostering professional relationships, supporting the university, and providing mentorship opportunities.

Olanipekun commended the contributions of the alumni and highlighted the potential for greater involvement, citing examples of endowment funds established by alumni associations at universities in the United States.

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

Sanwo-Olu Reappoints Shittu as Chairman of Lagos SUBEB

Funmi Ogundare

Governor Babajide Sanwo-Olu has reappointed Dr. Hakeem Babatunde Shittu as the Chairman of the Lagos State Universal Basic Education Board (LASUBEB), reaffirming his commitment to advancing reforms in the state’s basic education sector.

Shittu, a visionary leader, has played

a pivotal role in transforming the state’s educational landscape. Under his leadership, LASUBEB has achieved remarkable progress, from improving infrastructure and enhancing teacher training to launching innovative learning programmes to elevate the educational outcomes for primary school students across Lagos.

WiFiCombat Academy Pledges to

In his acceptance speech, Shittu expressed gratitude for the opportunity to continue serving. He reiterated his commitment to advancing the state government’s goal of providing quality, accessible education for all.

“I am deeply honoured by this reappointment and remain dedicated to advancing Governor Sanwo-Olu’s vision of a robust and inclusive education system in Lagos State,” Shittu explained. “Together with my team, we will work tirelessly to create opportunities that will positively shape the future of our children.”

The reappointment reflects the state government’s ongoing dedication to fostering a strong educational foundation, ensuring that every child in the state has the tools to succeed and thrive in life.

Empower Africa’s Future with AI-driven Education, Innovative Edtech Solutions

Funmi Ogundare

WiFiCombat Academy, a pioneer in Africa’s educational technology sector, has reiterated its commitment to revolutionizing access to education through innovative tools and solutions.

The founder, Dele Tejuoso, explained that the academy is committed to equipping students across Africa with future-ready skills and personalised career guidance, catering to learners from primary school to university level.

According to her, by integrating STEM education with career pathways, the academy uses AI-driven assessments and gamified learning to enhance the educational experience, aiming to develop tech-savvy, job-ready,

and entrepreneurial leaders.

Recognising the diverse needs across the continent, she noted that WiFiCombat Academy tailors its solutions to regional requirements, offering mobile-first, cloud-based platforms, offline learning kits, and culturally relevant curricula.

These innovations, she pointed out, ensure access even in areas with limited internet connectivity.

She added that through partnerships with local governments and NGOs, the academy provides e-learning tools, personalised learning through AI, and mobile applications that expand access to underserved regions.

Tejuoso, a Mastercard Foundation

EdTech Fellow, said the academy was exploring blockchain integration for credentialing and plans to enhance its offerings with immersive VR/AR modules for hands-on learning.

According to Tejuoso, by leveraging data analytics and learner feedback, WiFiCombat Academy continuously refines its platform to meet the evolving needs of students and educators.

“In evaluating technology tools, WiFiCombat Academy uses analytics, learner feedback, and outcome-based metrics,” added Tejuoso. “The academy continuously refines its platforms through pilot programs and collaboration with educators to ensure the solutions remain relevant and impactful.”

She noted that the role of AI and machine learning in transforming education cannot be overemphasised, as they offer personalised learning paths and predictive analytics to reduce dropout rates, bridge language barriers, and provide real-time feedback to both learners and educators.

She stressed the importance of collaboration between governments, international organisations, and the private sector to drive the growth of the Edtech ecosystem. “Governments can invest in digital infrastructure, international organisations can offer funding and expertise, and the private sector can also foster innovation, mentorship, and internship opportunities to help scale impactful educational solutions across Africa,” Tejuoso explained.

The awardees during the University of Lagos Distance Learning Institute hoodie programme and presentation of awards to its best graduating students recently

How Amstel Malta Marked Three Decades of Empowering Nigerians to Strive for Greatness

In a milestone moment, Amstel Malta marks 30 extraordinary years of empowering young Nigerians to strive for greatness. To commemorate this achievement, the nation's premium malt drink has unveiled a game-changing, sleek new can design that redefines the beverage landscape. This daring innovation is a resounding affirmation of Amstel Malta's unwavering dedication to pioneering excellence, consistently delivering world-class quality, and anticipating the ever-changing preferences of its discerning customers.

Writes Mary

Nnah

Every great story unfolds in chapters, each adding depth and meaning to the journey. For Amstel Malta, the past 30 years have been about more than crafting a premium malt drink—they have been about winning with Nigeria. Amstel Malta has become a vital part of the nation's progress by inspiring excellence, celebrating creativity, and empowering people to achieve their goals.

From its beginnings as a refreshing malt drink to its current status as a symbol of premium quality, its legacy highlights a lasting impact on lives and industries across the country.

As Senior Brand Manager of Amstel Malta and Hi-Malt at Nigerian Breweries Plc, Francis Obiajulu noted, “Our 30-year journey has been an incredible ride, and we're proud of the impact we've made in Nigeria. We are committed to continuing this legacy of excellence and innovation."

In 2005, the brand introduced the Amstel Malta Box Office (AMBO), a platform that opened the doors to global possibilities for budding Nigerian actors and played a key role in the development of film, theatre, and entertainment in Nigeria.

Over five remarkable seasons, AMBO unearthed talents like Wole Ojo, OC Ukeje, Ivie Okujaye, and Bayray McNwizu, amongst others - actors who not only became household names but also exemplified the perfect synergy of passion and opportunity.

"AMBO was a game-changer for the Nigerian entertainment industry. We're proud of the role we played in launching the careers of some of

Nigeria's most talented actors”, Obiajulu said. Amstel Malta’s commitment to championing talent extended further through its partnership with the Africa Magic Viewers’ Choice Awards (AMVCA). Since 2013, the AMVCA has celebrated the brilliance of African filmmakers, actors, and content creators, spotlighting their exceptional contributions to the creative industry.

Standing shoulder-to-shoulder with these creatives, Amstel Malta has ampli-

fied their voices, inspiring a new generation to share Africa’s diverse stories. This collaboration reaffirmed the brand’s unwavering belief that every story deserves to be told and celebrated.

“Our partnership with AMVCA is a testament to our commitment to empowering African storytellers," Obiajulu explains. "We believe that by celebrating our unique perspectives and experiences, we can create a more vibrant and inclusive cultural landscape.”

Now, Amstel Malta embarks on an exciting new chapter with the introduction of its sleek can—an evolution that perfectly embodies the

brand’s spirit of innovation. The taller, trendier, and more modern design reflects the current packaging trend while preserving the classic, refreshing taste that Amstel Malta is known for.

"The new sleek can is designed to appeal to our loyal consumers who have grown with the brand over the years. We ae excited to introduce this new packaging, which we believe will resonate with our target audience and reinforce Amstel Malta’s position as a premium malt drink in Nigeria”, said Obiajulu.

The sleek can’s design subtly nods to Amstel Malta’s international heritage, drawing inspiration from Amsterdam’s crest and seamlessly blending global sophistication with local relevance. Its history of innovation and connection to the people makes it more than a drink—it’s a brand that inspires people to become their best versions. The sleek can is a visual reminder that no matter how much the world changes, some things remain constant: quality, authenticity, and the possibilities for more, no matter what level of success is currently enjoyed.

The brand’s impactful legacy continues through its partnership with the MultiChoice Talent Factory (MTF), an initiative dedicated to nurturing young filmmakers across Africa. With schools in 13 countries and an intensive 12-month curriculum, the MTF partnership equips aspiring creatives with skills in storytelling, cinematography, and editing, empowering them to bring Africa’s stories to life.

How Lagos Residents Enjoyed a Merrier Holiday Season with Hollandia's Blue Santa Campaign

To spread joy and make this past holiday season more memorable for Lagos residents, Hollandia, a leading dairy brand, launched its Blue Santa campaign. Lagos residents were treated to a special surprise courtesy of Hollandia's Blue Santa campaign. The 12-day campaign, which took place in various malls across Lagos, treated shoppers to exciting prizes upon purchasing their favourite Hollandia products. Chigurl, Hollandia's brand ambassador and Blue Santa, led the campaign, bringing her signature energy and warmth to the events. Writes

Mary Nnah

For many Lagos residents, the holiday season is a time for joy, giving, and celebration. But for some, it can be a challenging time, filled with financial worries and uncertainty. That's why Hollandia's Blue Santa campaign brought so much cheer to the city's residents this past December.

The 12-day campaign unfolded across various malls in Lagos, offering shoppers exciting rewards, including branded merchandise and household essentials, when they purchased their favourite Hollandia products.

At the helm of the campaign was Chigurl, Hollandia's brand ambassador and Blue Santa, who infused the activations with her infectious energy and warmth.

As a beloved comedian and entertainer, Chigurl's presence was a major draw for fans and shoppers, who were delighted to meet her in person.

The campaign, which took place throughout December, brought joy and excitement to various malls across the city. Hollandia's Blue Santa, led by brand ambassador Chigurl, distributed amazing goodies and prizes to thrilled shoppers, making the holiday season even brighter. "I was so surprised to see Chigurl at the mall!" exclaimed Mrs. Joy Akintunde, a shopper who won a prize. "She was so warm and friendly, and she even took a selfie with me! It really made my day."

For others, the campaign was a welcome respite from the financial pressures of the holiday season. "To be honest, things have been tough lately," said Mr. Akeem Oyedele, a father of three who won a prize.

"But Hollandia's Blue Santa campaign really put a smile on my face. It reminded me that there's still joy and kindness in the world."

Hollandia's Blue Santa was spotted at several locations, including Spar Opebi, Tamberma VI, and Shoprite Circle Mall Lekki, among others. The jolly Blue Santa distributed amazing

goodies and prizes to thrilled shoppers, making the holiday season even brighter.

To participate in the fun, shoppers were required to purchase any of their favourite Hollandia products, which gave them a chance to win exciting prizes. Many lucky winners went home with fantastic gifts, courtesy of Hollandia.

The campaign also encouraged shoppers to follow Hollandia's social media platforms to stay updated on the latest news and announcements. By doing so, they increased their chances of winning big and making the holiday season unforgettable.

As reported by attendees, the event was a huge success, with many praising

Hollandia for spreading festive cheer and making the holiday season more enjoyable.

The campaign's hashtags, #StayAheadWithDairyPower and #HollandiaBlueChristmas, were trending on social media, with many sharing their experiences and photos with Hollandia's Blue Santa.

During the 12-day Christmas period, shoppers who purchased their favourite Hollandia products were rewarded with exciting prizes, creating memorable moments and celebrating the brand's commitment to enriching lives. Shoppers enjoyed the chance to win branded merchandise and household essentials, making the experience both rewarding and joyful. Beyond the festivities, Hollandia continues to champion the importance of dairy power in staying ahead. By consistently communicating

the benefits of its nutrient-rich products, the brand encourages consumers to make Hollandia a part of their daily lives, providing the energy and strength needed to lead and excel.

By combining entertainment, rewards, and connection, the Blue Santa campaign reinforced Hollandia's reputation as a customer-focused brand. Its success was reflected in the smiles of shoppers and the buzz it generated online with the hashtag #HollandiaBlueChristmas.

“We are thrilled to have brought joy and happiness to so many Lagos residents this holiday season," said Marketing Director, Chivita|Hollandia (CHI Limited), Mrs. Toyin Nnodi.

“At Hollandia, we believe in spreading joy and making a positive impact in our communities, and our Blue Santa campaign was a perfect reflection of that commitment”, she added.

As the new year gets underway, Hollandia's Blue Santa campaign remains a highlight of the holiday season, leaving a lasting impression on the lives of Nigerian families. The campaign's success sets the tone for an exciting year ahead, as Hollandia continues to innovate and delight its customers.

With its commitment to quality, customer satisfaction, and community engagement, Hollandia is poised to make an even greater impact in the lives of Nigerians in the years to come.

“As a brand, we are passionate about enriching the lives of our customers, and our Blue Santa campaign was just one way we could do that this holiday season.

“Our goal with the Blue Santa campaign was to bring some festive fun and excitement to Lagos residents, and we are thrilled to have been able to achieve that.”

Nnodi continued, “We're grateful for the opportunity to spread some joy and happiness in Lagos this holiday season, and we look forward to continuing to be a part of the community.”

An excited shopper being gifted by Blue Santa , Chigurl

L-R: Senior Brand Manager; Amstel Malta and Hi-Malt, Nigerian Breweries PLC, Francis Obiajulu; Actor and Director, Ramsey Nouah;Actor and Producer, Blessing Nze; Actor, Stan Nze and Portfolio Manager, Dark Malts, Nigerian Breweries PLC, Elohor Olumide-Awe at the event

ProPerty & environment

Experts Discuss Challenges, Opportunities in FG’s Reforms on Real Estate Sector

Bennett Oghifo

Nigerians have been urged not to focus only on the challenges thrown up by the reforms being embarked on by the federal government, but search for the opportunities inherent in them, particularly their impact on the real estate sector.

Lagos State Governor Babajide Sanwo-Olu stated this at the 3rd edition of the Real Estate Summit hosted by UPDC Plc, an annual event, held in Lagos, last week.

The Summit’s theme was, “Current Economic Reforms and Their Impact on the Real Estate Sector.”

According to governor Sanwo-Olu, represented by the General Manager of Lagos State Real Estate Regulatory Authority (LASRERA), Mrs. Tamitope Akinbola, “Today’s summit provides a valuable platform to deepen collaboration, share expertise and generate innovative solutions as we discuss the impact of economic reforms on the real estate sector. I encourage us to think beyond challenges and focus on opportunities.

“With reforms come a chance to re-engineer processes, attract investments and build structures that are both inclusive and resilient.”

In his welcome address, the MD/CEO, UPDC Plc,

Odunayo Ojo, said, “We’re meeting at an important time for our industry. The real estate world is changing rapidly in terms of our built environment, sustainability trends, regulations and economic conditions, more so because of what’s happening around the globe and the new economic reforms taking place in our country.

“Our built environment reflects past policies and their outcomes. Today, we’re actively shaping tomorrow’s landscape, influenced by current decisions and actions.

“At this year’s event, we have invited expert speakers to talk about the main impact of the current economic reforms in Nigeria on the real estate sector, and their implications for key stakeholders.

‘They will delve into the topic and help us navigate the opportunities and challenges that these reforms portend for our industry’s key players.

“This summit promises to be an interactive time, where we have an opportunity to network, collaborate, question norms, and set a new direction collectively. Your insights and ideas will be most useful in this regard.”

Also at their fireside chat, after their personal insightful presentations, three experts on finance and the economy, Biodun Adedipe, CEO,

B.Adedipe and Associates

Limited; Bismarck Rewane, CEO, Financial Derivatives Company; and Ayo Ibaru, CEO, Northcourt Real Estate, brainstormed on the challenges and, more importantly, the opportunities offered by the reforms being embarked upon by the President Bola Tinubu administration, particularly in the real estate sector.

They had clear views on the impact of the removal of subsidies on petroleum products, electricity tariff, high inflation, high interest rate and uncontrollable exchange rate.

Biodun Adedipe, CEO, B.Adedipe and Associates Limited, said the reforms have made the real estate sector more challenging, noting that the high interest rate from high cost of fund, “high construction costs, massive housing deficit and low mortgage penetration.”

According to Bismarck Rewane, CEO, Financial Derivatives Company, “Nigeria’s inflation rate remains extremely elevated at over 33.88 percent and the economy is feeling the full impact of the central bank of Nigeria’s (CBN’s) aggressive rate hikes, which have pushed the benchmark rate to a record high of 27.25 percent.

“Nigeria’s inflation rate remains extremely elevated at over 33.88 percent and the

economy is feeling the full impact of the central bank of Nigeria’s (CBN’s) aggressive rate hikes, which have pushed the benchmark rate to a record high of 27.25 percent.”

Rewane said recent policies of the Central Bank of Nigeria have resulted in “8.5 percent cumulative hike in interest rates,” weakening the Naira in the process, adding that this had a negative impact on the real estate sector.

He said, “A weak Naira leads to higher property prices, making real estate less affordable. It leads to reduced foreign direct

investment (FDI) and slows the development of large-scale projects, makes mortgages and loans more expensive and reduces housing affordability. A depreciated naira erodes the purchasing power of potential property buyers.”

On inflation, he said, “Inflation drives up the cost of building materials, labour and other inputs necessary for construction, it reduces affordability and demand for property purchase.

“It erodes buyers’ purchasing power and makes it harder to save or afford property invest-

ments, shifts investor focus by pushing it to fixed-income assets such as government bonds. “It also leads to an increase in rental demand because more people may choose to rent rather than buy, driving up rental prices.”

Ayo Ibaru, CEO, Northcourt Real Estate, said the proposed tax reforms of the federal government have some positives for real estate practitioners, particularly the aspect of tax exemptions on commercial real estate, which will provide their developers flexibility in terms of pricing and giving concessions to tenants.

One Year of Impact: LASEPA GM Reflects on Progress, Challenges, Road Ahead

As the General Manager of Lagos State Environmental Protection Agency, Dr. Babatunde Ajayi celebrated his first year in office, recently, he explained why the agency is committed towards protecting the environment and ensuring a sustainable development in Lagos. Funmi Ogundare writes

When Dr. Babatunde Ajayi was appointed the General Manager of the Lagos State Environmental Protection Agency (LASEPA) one year ago, the task ahead was daunting: managing the environmental complexities of a megacity like Lagos. From noise pollution in urban centers to the rising concerns of industrial emissions, LASEPA’s role is crucial in balancing growth with environmental sustainability.

Now, as the GM commemorated his first anniversary in office, stakeholders are taking stock of the progress made so far. In an interview

with selected journalists, the GM opened up about the agency’s achievements, ongoing challenges, and the vision for a greener Lagos.

Its key projects include launching the Lagos Carbon Registry, doubling air quality monitors to 43, and providing mechanised fish kilns to reduce smoke pollution, reduction of noise pollution, among others. The agency has also digitised its processes, secured $6 million in grants, and conducted extensive research on electronic waste and water pollution, among others.

He described the launch of the Lagos Carbon

Registry as the biggest and the most important project it had executed as it enabled the state to trade carbon globally.

According to him, “like other cities in the world, it helped us document our carbon footprints.

We’re able to tell how much of greenhouse gas emissions we were saving or were emitted. This cut across transport sector, agricultural sector, the industrial sector, as well as home use including generators and cooking emissions.

He stated that efforts were being made to measure emissions from these and ensure proper

documentation in the state.

Ajayi added that his agency has also doubled its air quality monitors from 20 to 43, and that before the end of the year, it would have increased it to 60 with verifiable data on it.

He stated the importance of air quality monitors so as to stem health challenges

“Air quality is important for many things, especially for health. For instance, if you have asthma and you live in an area with bad air quality, that means you are likely to have more health attacks.”

Africa’s Climate Change Experience is a Paradox, Says Yemi Osinbajo

Fadekemi Ajakaiye

Nigeria’s former Vice President, Prof. Yemi Osinbajo (SAN), has said that Africa’s climate change experience is a paradox.

He stated this in Lagos recently at the 23rd S.L. Edu Memorial Lecture, tagged Greening Africa’s Economies: Can Climate Positive Growth

Deliver Prosperity? which was organised by the Nigeria Conservation Foundation.

He stated that Africa was the least emitters of dangerous gases yet are the worst affected by its devastating effects.

“Despite our relatively negligible emissions, our continent is warming faster than the continents of the

global north whose past and current emissions are largely responsible for the climate crisis”, he said.

Osinbajo stated that climate crisis is not Africa’s only existential challenge, the other is extreme poverty, which include unemployment, food insecurity, severe infrastructure deficits and of particular

importance, energy poverty, which essentially means lack of access to energy, especially electricity and clean cooking fuels is crucial in this context because it further deepens poverty by inhibiting any real growth or job opportunities, he said.

“He stated that Africa’s 1.3 billion people are serviced by

an installed capacity of 244 Gigawatts which is less than the 248 Gigawatt available for Germany’s population of 83 million. Over 950 million people have no access to clean cooking fuels and Climate change will push an additional nearly 40 million people in sub-Saharan Africa into chronic hunger by 2050”, he said.

Africa can either be the nemesis of the world or the solution to the climate crisis, depending on how we choose to develop. So, to achieve its net zero ambitions, the world needs Africa to take a carbon negative path to development, or put simply, the world needs Africa to develop without increasing carbon emissions, he stated.

Facilities Maintenance Crucial for Infrastructural Devt in Nigeria

Fadekemi Ajakaiye

A chief lecturer of the department of building technology, Yaba College of Technology (YABATECH), Dr. Emmanuel Olufemi Akinsola has un-

derscored the importance of facilities maintenance of infrastructures in the country. Akinsola stated this at YABATECH’s 16th inaugural lecture with the theme, “Facilities Maintenance

Management of Public Infrastructures: A Cinderella Without a Suitor-Absit Culture of Waste.”

According to him, the National Association of Home Builders (NAHB) estimated

that the construction of 1,000 single-family homes generates 2,448 full-time jobs in construction and constructionrelated industries.

He said facility maintenance was needed particularly

in the housing industry, stating that the housing sector was the bedrock of the economy of any nation as it impacts the economy at all levels. He said, “Furthermore,

NAHB estimates that roughly 30 per cent of the new home occupants’ income is spent on items produced by local businesses, such as hospitals, daycares centres, dry cleaners, and auto repair shops.

L-R: Founder and Chief Consultant of B Adedipe Associate Limited, Biodun Adedipe; Director, Monitoring and Compliance, Lagos State Real Estate Regulatory Authority (LASRERA), Mrs. Tamitope Akinbola representing Lagos State Government; Managing Director/CEO, Financial Derivatives Company Limited, Bismarck Rewane; Managing Director/Chief Executive Officer, UPDC Plc, Odunayo Ojo; Executive Director, Development & Projects, UPDC Plc, Bidemi Fadayomi; Northcourt real estate, Ayo Ibaru; and Non Executive Director, UPDC Plc, Adeniyi Falade during UPDC Plc 3rd Annual Real Estate Summit. held in Lagos… recently

NIGERIA-SAUDI BILATERAL MEETING ON MINING...

Minister of Solid Minerals Development, Dr. Dele Alake (R), discussing with Saudi Arabia's Minister of Mining, Bandar Al-Khorayef, at the bilateral meeting of both countries in Riyadh, Saudi Arabia... recently. With the minister are Director- General, Nigerian Geological Survey Agency, Prof. Segun Ige and Director, Investment Promotions, Dr. Esther Udoh

Tinubu Rejoices with Aviation Minister Festus Keyamo at 55

Sanwo-Olu: he’s a major contributor to Nigeria’s legal profession, human rights, party politics, governance

President Bola Tinubu has congratulated Minister of Aviation and Aerospace Development, Olorogun Festus Keyamo, on his 55th birthday.

The president, in a release is-

sued on Tuesday by his Adviser on Information and Strategy, Bayo Onanuga, commended the learned silk for his commitment to the administration's success and his dedication to transforming Nigeria's aviation into one that was safe, efficient and

customer-focused.

Governor Babajide Sanwo-Olu of Lagos State also congratulated Keyamo as he turned 55, describing him as one of the major contributors to the success story of Nigeria’s legal profession, human rights, party

politics, and governance in the last three decades.

Tinubu stated the progress made in the sector over the past 15 months, especially the ratification of the Cape Town Convention for Aircraft Leasing, the commencement of lectures at the

African Aviation and Aerospace University (AAAU), and operationalisation of the National Flight Data Centre designed to enhance the safety management system in the aviation ecosystem.

The president expressed trust that

NNPC Hikes Petrol Price by N25 in Abuja, N35 in Lagos

Uncovers 55 illegal crude refineries in one week

Emmanuel Addeh and Peter Uzoho in Abuja

The Nigerian National Petroleum Company Limited (NNPC) has raised the pump price of petrol by N25/litre in Abuja and N35/litre in Lagos in its retail outlets.

While the price per litre in Abuja rose from N965 to N990 in Abuja, it increased from N925 to N960 per litre in Lagos, THISDAY learnt.

The price increase is a reaction to the rise in the international price of oil, which has recently topped $80 per barrel, especially Brent, Nigeria's benchmark. It is also coming against the backdrop of the deregulation of the downstream oil sector by President Bola Tinubu.

The national oil company had earlier on January 23 reduced the retail price of petrol at its outlets to N925 per litre in Lagos and N965 per litre in Abuja from N1,025 per litre and N1,040 in Abuja respectively. Last week, the Dangote refinery had hiked its ex-depot price for petrol from its facility from N899/litre to N955/litre, with a plan to sell for N970 per litre at the retail pumps.

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, had last week said that deregulation has fully set in the sector as global oil price will now determine how much the price of fuel will be sold. This means that prices of products will henceforth fluctuate, the same way it is globally.

From the NNPC filling stations around Berger, Zones 1 and 3 and Nyanya, the story was the same, as the facilities had adjusted their pumps accordingly. However, private retail stations like Shema, Bovas, AYM Shafa, and Zamson Oil along the Abuja-Keffi road were selling for between N1,000 and N1,030 per litre.

Meanwhile, the NNPC has said it uncovered 55 illegal refineries and 29 illegal pipeline connections in one week across the Niger Delta region.

The company disclosed this in a video documentary on its official YouTube channel, saying it recorded a total of 179 incidents of oil theft in the region.

The operations, which took place between January 11 to 17, 2025, led

to the arrest of 30 suspects and the discovery of various illegal oil installations, according to the broadcast.

“An industry-wide security collaboration to safeguard hydrocarbon infrastructure continues to yield remarkable results,” the broadcast said.

It listed the various companies and stakeholders involved in the joint efforts to eradicate crude oil theft including NNPCL Command and Control Centres; Shell Petroleum Development Company; Pipeline Infrastructure Nigeria Limited; and Maton Engineering Nigeria Limited.

It also mentioned Oando Plc; Nigeria Liquified Natural Gas (NLNG; Tantita Security Services; and Government Security Agencies.

In a breakdown of the 179 inci-

dents in the Niger Delta region, the documentary noted that five incidents were recorded in the Western corridor, 90 in the Central Corridor, 70 in the Eastern corridor, and 14 in the Deep Blue water.

The national oil company also made a list of hotspots of crude oil theft in the Niger Delta region including Buguma Southeast, Bile, Okoloma, and Kaotan channel in Rivers state.

It mentioned Obuzor and Ukwa in Abia State, noting that crude oil theft was rampant in parts of Bayelsa State, where it intercepted some suspects and seized proceeds of the crime.

The joint security efforts, according to the broadcast, led to the discovery of illegal pipeline connections in Bayelsa and Abia states

the outpouring of goodwill from family members, associates, and aviation industry stakeholders on this occasion will further inspire Keyamo to remain steadfast in enhancing service delivery in the industry.

Tinubu wished Keyamo many more years of good health, wisdom, and fulfilment in serving the nation. Sanwo-Olu, in a statement issued on Tuesday by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, said the accomplished and respected human rights activist, lawyer, and seasoned administrator was worth celebrating at 55 for his life of consistent commitment to private and public service.

The statement said Keyamo had contributed positively to the legal profession, activism, as well as politics, governance, and development of Nigeria.

Sanwo-Olu joined family, friends and professional and political associates of the minister to celebrate his 55th birthday.

The governor said in the statement, “On behalf of my darling wife, Ibijoke, the good people of Lagos State, I heartily congratulate the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, on the occasion of his 55th birthday celebration. I wish him more prosperous years in good health as he continues to serve Nigeria and mankind in general.”

Michael Olugbode in Abuja

The National Environmental Standards and Regulations Enforcement Agency (NESREA) has initiated talks with the Rwandan High Commission in Nigeria for partnership in the area of environmental sustainability.

The Director General of NESREA, Dr. Innocent Barikor, who met with the Rwandan High Commission in Abuja on Monday, expressed the agency's interest in learning from Rwanda's expertise and successes in combating plastic pollution.

He said NESREA specifically aims to exchange experiences and inculcate best practices in plastic waste management, leveraging on Rwanda's notable progress, stressing that, “Nigeria is pushing for the Circular Economy growth and NESREA is at the forefront, likewise the ban on single-use plastics."

Barikor expressed his admiration for Rwanda’s exemplary commitment to environmental sustainability and innovation, and thanked the Government of Rwanda for their support towards capacity building for staff through study visits, and noted the need for high level collaboration between the two countries on environmental protection and sustainability management.

The Rwandan High Commissioner to Nigeria, Ambassador Christophe Bazivamo noted the daunting challenge of tackling plastic pollution and reiterated the willingness of the government of Rwanda to collaborate with Nigeria. He said addressing environmental issues is very important for any government as sustainable development is impossible without sound environmental protection considerations.

Transgrid Enerco Limited yesterday signed a Share Purchase Agreement (SPA) for the proposed acquisition of a 60 per cent equity stake in Eko Electricity Distribution Company (EKEDC).

The consortium comprises North South Power Company Limited (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF). The PSA transaction is set to be completed in April 2025, according to a statement seen by THISDAY.

Earlier in the month, West Power and Gas Ltd (WPG), the parent company of Eko Disco was reported close to selling its entire stake after the North-South Power, Axxela, and Stanbic Infrastructure Fund consortium won the bid to acquire it.

It was learnt that the bid to acquire Eko Disco started a year ago. Although the financial consideration of the deal was not stated, it was learnt that the

amount could be in excess of $200 million.

NSP which owns Shiroro Dam will get direct control and insight into Eko Disco's operations enabling it to have a clear scope of the company's cash flow distribution.

While Eko Disco meets remittance obligations to the market, the inability of other Discos to meet these obligations means that power-generating companies like NSP do not get their full payments. This acquisition allows NSP to have better control of how the company collects payment and perhaps influence other Discos to employ more efficient payment collection tactics.

Chairman of WPG, Charles Momoh, was quoted in a statement to have stated’ "Transgrid Enerco will, upon obtaining the relevant regulatory approvals, capitalise on the positive changes occurring within the fastevolving Nigerian electricity market to reposition Eko Disco to access new sources of capital."

Former Anambra State Governor, Peter Obi, has decried the way the prevailing security challenges have ravaged Zamfara communities and hampered agricultural production, thereby aggravating hunger and poverty in the agrarian state.

The presidential candidate of the Labour Party in the 2023 general election, stated this when he paid a condolence visit to the Emir of Gusau and the people of Zamfara State in Gusau on Monday.

His trip to the North-Western state followed the military strikes in the Tungar Kara community in the Maradun Local Government Area, which claimed about 16 lives.

Obi who was represented by spokesperson for the Labour Party, Tanko Yunusa, expressed concerns that people, who were supposed to be protected were the ones who lost their lives.

His condolence message was delivered to the Emir of Gusau by Yunusa, who said whatever happens to the people of Zamfara happens

to Peter Obi, which was why he sent him to come and commiserate with them before he would come in person.

Obi attributed hunger and unemployment as factors responsible for the prevailing insecurity bedevilling Zamfara and the country at large, pointing out that if there was prosperity in the land, security becomes easier.

He emphasised that if the country must be protected, there was a need to go back to the country’s root, which was production, not consumption. He argued that production was one sure way Nigeria could overcome its current challenges of insecurity, hunger and unemployment hence the need for the government to prioritise it.

The District Head of Tudun Wada Gusau Bashir Danbaba, who received Obi’s condolence message on behalf of the Emir of Gusau, thanked him for identifying with the people of Zamfara during this trying period. Also, Obi presented a cheque of N30 million Paul University in Awka, Anambra state.

Peter Uzoho

Chuks Okocha in Abuja

Deji Elumoye in Abuja

AUDA/NEPAD MEDIA PARLEY...

Akume: We Have Prosecuted, Convicted over 100 Terrorist Financiers in Two Years

Alex Enumah in Abuja and Laleye

Dipo in Minna

Secretary to the Government of the Federation (SGF), Senator George Akume, yesterday, disclosed that over 100 terrorist financiers had been prosecuted and convicted in the last two years.

This, he claimed, was part of efforts at building a globally competitive economy that would enable the government enhance the livelihoods of citizens.

Akume made the disclosure at the opening of the 2025 National AntiMoney Laundering, Counter Financing of Terrorism and Proliferation (AML/ CFT/CPF) Summit, in Abuja, where he had represented President Bola Tinubu.

Akume, noted that the administration has made progress in tackling the threats of terrorism and other violent crimes through the gallant action of the country's frontline troops and security agencies.

"However, in line with the National Counter-Terrorist Financing Strategy, we have also enhanced our abilities to identify and pursue those individuals that finance these violent acts.

“Through the efforts of the Office of the National Security Adviser and the Honourable Attorney-General of the Federation, we have prosecuted and convicted over 100 terrorist financiers in the last two years.

"By taking away the funds, resources and material support behind Boko Haram and ISWAP, we are denying them the ability to inflict terror on our communities and citizens. We are creating an environment in which our rural areas will thrive once again," he said.

He stated that this approach of targeting the finance and following the money was recognised as a global best practice in combatting serious crime.

According to him, through the National Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Strategy, the National Anti-Corruption Strategy and the National Drug Control Master Plan, efforts of law enforcement and prosecutorial authorities were targeted on disruption of the criminal financial networks.

He recalled that following the listing of Nigeria in the grey-list of the Financial Action Task Force (FATF), in February 2023, Nigeria made a

commitment at the highest political levels to the implementation of an Action Plan to address the deficiencies identified in the national AML/CFT/ CPF framework.

While claiming that the country has since made significant progress in implementing this Action Plan, he assured the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) and FATF) that, "This administration remains committed to completing all items on the Action Plan by the deadline of May 2025 and to exiting the grey list."

He added that the country's strategic objective did not end with just completing the action plan, but to ensure that the entirety of the National AML/CFT/CPF regime, across both the public and private sectors performed at the highest levels of effectiveness, efficiency and compliance.

Ganduje Wants More Sustained Attacks

National Chairman of the All Progressives Congress (APC),Abdullahi Ganduje, has advocated more robust attack on bandits as a way to restore

peace to troubled areas of the country. Ganduje, who made this known when he paid a condolence visit on the Niger State Governor, Mohammed Umaru Bago, over last weekend’s tanker explosion, which claimed several lives, said Nigerian security operatives should take back the forests, where the bandits are hibernating.

Ganduje observed that the landmass and presence of many forests in Niger State, have provided a safe haven for bandits, pointing out that a sustained offensive would bring an end to the nefarious activities of the bandits.

The APC Chairman also called for a synergy between the federal and state governments to build institutions in the forests, to make the area busy with positive activities.

On the Dikko explosion, Ganduje observed that the incident could have been prevented, but for what he called "human behaviour", especially at the scene of the accident, which contributed to the loss of many lives.

He expressed the sympathy of the national body of the party to the Niger State Government and prayed to God for the repose of the souls of the departed, and for God to grant quick recovery to the injured and

Next Census Will Be Conducted Through Biometric Model, Says NPC Boss

Sunday Aborisade in Abuja

Chairman of the National Population Commission (NPC), Hon. Nasir Isa Kwarra, yesterday in the National Assembly hinted that the biometric model of headcount would be adopted to conduct the next national census in the country.

He stated this when he appeared before the Senate Committee on National Identity and Population, chaired by Senator Abdul Ningi.

The federal lawmakers complained bitterly about lack of population headcount in the country for the past 19 years.

They lamented that the development was turning Nigeria to a laughing stock in the comity of nations.

The senators wondered why the country would lack credible data for proper planning and be relying on trial by error projections. Ningi said the exercise should

hold this year and that the Senate would officially write President Bola Tinubu, on the need to conduct the exercise this year.

Almost all the members of the committee during the session lamented lack of head counts in the country for the past 19 years.

Senator Diket Plang (APC Plateau Central), said he felt bad as a Nigerian and leader about his country not having credible data on population of its citizenry.

Plang said: "I feel very bad that we are still living on estimated population figures. I also feel bad that we are still postulating and relying on data supplied by foreign bodies which is more or less demeaning us among comity of nations. He said: "We want to know our population. Nigerians should be counted this year.”

Lamenting similarly, the Deputy Minority leader of the Senate who doubles as Vice Chairman of the

Committee, Senator Olalere Oyewumi (PDP Osun West), said NPC should put in everything in place for the population headcount to hold this year.

According to him, to prevent what happened in 2022 during President Muhammadu Buhari from repeating itself, the population exercise must be held this year because 2026 will be too close to 2027 general election.

Oyewumi said: "2025 budget of NPC should revolve around popula- tion census, which must be done this year because the demographic characteristics of the population figures being bandied about the country now are not known.

"NPC should get its act together for the President to make proclamation on the population census which in itself, will facilitate provisions for the desired money.”

Emphasizing the importance of the exercise, Ningi, the chairman of the committee, said the committee will through the President of the Senate,

write President Bola Tinibu on the need for the exercise this year.

However, in his response, the NPC Chairman said the President is not against population head count but wants it done biometrically.

“President Bola Tinubu is obviously on the same page with members of this committee on the need for population head count.

He said: “The assignment he has given us is that, all machineries and facilities should be put in place for the very important exercise to be done“Thebiometrically. biometric model will be done in a way that at the end of the day, nobody will say fishes were counted in the riverine areas and cows counted in the North."

The NPC boss said in 2024 a total budgetary provision for the commis- sion was N12.7billion out of which N1.17billion was earmarked for capital vote, N818.9million for overhead and N10.8billion for personnel cost.

comfort the families of the victims.

In his remarks, Bago said measures had been put in place for intensive advocacy on the need for people not to engage in scooping content of any tanker in an accident scene.

The governor however stressed the need for the federal government to consider the quick completion of the Minna-Suleja road to decongest traffic on the road.

COAS Vows to Scale Up Troops' Skills Set

The Chief of Army Staff (COAS), Lieutenant General Olufemi Oluyede, has pledged to scale up the skills set of military personnel to bring them up to speed with latest trend in tackling terrorism and other emerging security threats in Nigeria.

He also promised to take training of officers and soldiers of the Nigerian Army to higher level to promote competence, resilience and professionalism in the service.

Oluyede made this pledge while addressing officers and soldiers at the Depot Nigerian Army, Zaria on Monday, during his visit to the

foremost military institution.

A statement by Director, Army Public Relations, Major General Onyema Nwachukwu, said the COAS stressed that improved training was required at such a crucial time in Nigeria's national security to positively resource and reinvigorate military operations and other security activities with competent personnel, who would professionally execute their assigned tasks.

Reiterating his commitment to creating an enabling environment for training activities to thrive, Oluyede also guaranteed his readiness to provide the necessary support to enhance troops' performance.

The Army Chief charged the personnel to uphold professionalism in the discharge of their duties, even as he reaffirmed his commitment to improve personnel welfare and well-being.

Bandit Leaders Surrender to Troops in N’West, Turji Releases Abducted Captives

The Nigerian Military, yesterday,

Nasara Foundation Appoints Bilkisu Nasir as CEO

Bennett Oghifo

Nasara Women Development Foundation, a Non-Governmental Organization committed to empowering women and girls, and creating a brighter future for youths, has appointed of Hajiya Bilkisu Muhammad Nasir as its new Chief Executive Officer to lead its next stage of development and growth.

Founded two years ago by the First Lady of Kebbi State, Hajiya Zainab Nasare Nasir Idris, Nasara Foundation has grown into a dynamic force for women's empowerment, education, and youth development.

On the new CEO, the Chairman of the Board of Trustees of the Foundation, Alhaji Usman Abubakar, said: “Hajiya Bilkisu Muhammad Nasir’s exemplary record in strategic leadership, coupled with a profound commitment to community development, position her well to advance the Foundation’s mission.

“We are confident that her expertise will drive Nasara Foundation to new levels of organizational excellence. With Hajiya Bilkisu taking the helm, our

Foundation is poised for continued success and impact.’’

The new Chief Executive Officer brings a wealth of expertise in governance, peace building, and strategic studies to her role, underpinned by an impressive academic background. Hajiya Nasir earned a Bachelor of Science in Political Science and International Relations from Nile University of Nigeria, Abuja, where she developed a deep understanding of the intricate dynamics of power and governance. Driven by a passion for knowledge and impactful leadership, she furthered her studies with a Master’s degree in Peace, Conflict, and Strategic Studies from the same institution.

Currently pursuing her PhD in Peace, Conflict, and Strategic Studies at Nile University, Hajiya Bilkisu is committed to advancing Nasara Foundation’s mission to empower communities and foster sustainable development. Her leadership marks an exciting new chapter for the Foundation as it continues to work towards positive change.

L- R: Director Legal Services, AUDA/ NEPAD, Mr. Baba Saidu; National Coordinator/Chief Executive Officer, AUDA/NEPAD, Jabiru Salisu Abdullahi; and Director Finance, AUDA/NEPAD, Dr. Ahmed Ibrahim, during a media parley with the new CEO to AUDA/NEPAD Nigeria in Abuja…yesterday

PHOTO: ENOCK REUBEN

BREAKING DOWN 2025 OGUN APPROVED BUDGET...

L-R: Mrs Olufunmilayo Dada, PS, Ministry of Budget &Planning; Mr. Olaolu Olabitan, Commissioner for Budget and Planning; Mr, Dapo Okubadejo, Commissioner for Finance &Chief Economic Adviser to the Governor; and Hon. Kayode Akinmade, Special Adviser to the Governor on Media and Strategy, during the highlights and breakdown of the 2025 approved budget tagged: ‘Budget of Hope and Prosperity’, held at Olusegun Osoba Press Centre, Oke-Mosan, Abeokuta

Edo Tribunal: Witnesses Reveal How INEC

Excluded Collation of Results in 76 PUs

A witness, yesterday, at the Edo State Governorship Tribunal, revealed how the Independent National Electoral Commission (INEC) allegedly unlawfully excluded a total of 2,840 votes scored by candidate of the Peoples Democratic Party (PDP), Dr. Asue Ighodalo in 76 Polling Units in Ward 2, Ikpoba Okha LGA at the September 21st Governorship Election in Edo State.

Giving his testimony at the resumed hearing of the petition marked EPT/ED/GOV/02/2024, a PDP witness and LGA Collation Agent for Ikpoba Okha, established in evidence with graphic details that INEC unlawfully excluded 2,840 PDP votes during collation from ward to local government levels. He tendered IREV's Certified True Copies (CTC) results sheets obtained

from INEC and the duplicate copies of polling unit result sheets Form EC8A issued by INEC to polling unit agents as documentary evidence. He revealed that while the correct scores were contained in the IReV duly Certified True Copies (CTCs) declared and uploaded at the various polling units, noting that the incorrect scores were later computed in favour of APC at the Ward to state Level in Forms EC8B-E.

The witness further stated that as a Collation Agent, he thoroughly examined agents duplicate copies and INEC verified CTCs of all Result sheets Forms EC8A, EC8B, EC8C, EC8D used for the election and discovered that results from 76 polling units in Ward 2, Ikpoba Okha LGA were declared at the PU levels and uploaded on IREV before transmission to ward level for collation, but the results were not finally collated at the LGA and

Keyamo Lays Foundation for $10m Xejet’s Flight Support, Engineering Hub

Kasim Sumaina in Abuja

The Minister of Aviation and Aerospace Development, Festus Keyamo has laid the foundation for Xejet’s flight support and engineering hub at the Nnamdi Azikiwe International Airport (NAIA), Abuja.

The Minister who was the Special Guest of Honour at the event was also graced by the Director General of the Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo, and the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, among others.

The ceremony featured the symbolic shovel in the ground tradition by Kuku, Najomo, and later Keyamo - a gesture that signified the commencement of the project.

In his speech, Xejet’s CEO, Emmanuel Iza, highlighted the transformative potential of the facility, stating: "This facility, whose foundation we lay today, is not just going to be a center; it is a symbol of our commitment to innovation and expansion. It represents our pledge to elevate aviation services in Nigeria to global standards.

"Through cutting-edge technology, superior engineering,

FG: Nigeria's Bid for UNESCO Media Institute Has Seven Nations' Backing

Olawale Ajimotokan in Abuja

The Minister of Information and National Orientation, Mohammed Idris, has disclosed that Nigeria has garnered the support of seven nations and received commitments from an additional 20 countries for the establishment of the UNESCO Category II Media and Information Literacy Institute.

He disclosed this yesterday at a meeting with a UNESCO delegation currently in Nigeria to evaluate the country's readiness to host the Institute.

“Already, we have had the support from about seven sister nations. About twenty have already indicated their desire to support Nigeria and we know that at the next sitting of the UNESCO Board, Nigeria will be given the final hosting right of the MIL in Abuja, within the premises of the National Open University of Nigeria,” he stated.

The Minister expressed satisfac-

tion with the favorable feedback received from the inspection team regarding Nigeria's preparedness and reiterated the nation's commitment to fulfilling all UNESCO requirements for the establishment of the Institute.

“Since Nigeria was given provisional hosting right, we have been working hard and we, sometime last year, reached out to the National Open University and made them understand the relevance of this not just to Nigeria but also Africa and the world generally.

“Media and Information Literacy Institute is not just designed for the people of Nigeria; it’s designed for the people of the world and this is an opportunity for our country to show not just our expertise and professionalism but also our commitment to MIL, globally,” he remarked. He noted that, with the approval of President Bola Ahmed Tinubu, all necessary funding for the establishment of the Institute had been secured.

and unparalleled flight support, Xejet seeks to not only improve operational efficiencies, but deliver an exclusive experience that sets us apart in the industry."

He maintained that the establishment of the facility, "is a testament to our belief in Nigeria's role as a leader in the continent's aviation future.

“By investing in infrastructure and capabilities, we aim to strengthen Nigeria's position as a hub of connectivity, commerce, and tourism.

“The project, which will be constructed by the China Civil Engineering Construction Corporation (CCECC), is being partnered by Zenith Bank and Fidelity Bank, reflecting strong confidence from the financial sector in Xejet’s vision and Nigeria's aviation potential.”

Iza, further explained that the project would have a lifespan of 18 months. The initial phase he said of the ground preparation and the taxiway would take over 12 months.

Speaking on the cost implications, he said: "Well, its a very huge cost. It's in two phases. The first phase is to do prepare the ground. As you can see, the ground is not flat, so the construction company would start to sandfill it, bring it to the proper level, and know, the density, because it's going to be carrying aircraft. “So, part of the first phase is to create the taxiway that is going to connect the runway to our facility and the apron. That's roughly an excess of $5 million. We are expecting to put the structure of equal amount on top of it there.”

In his remarks, Keyamo emphasised the federal government’s commitment to fostering a conducive business environment for private sector growth.

"Our vision is to support the growth and development of local operators like this. Since we came to office, we have been shouting about the issue of MROs, that we'd like to attract MROs into our aviation ecosystem, like they exist in other parts of the world.

State level by INEC. Under cross-examination by Counsel to respondents, Kanu Agabi, SAN, the witness reaffirmed that he was a Collation Agent in the election and that he examined the result sheets himself.

He went further to tender his agent identification Tags, CTCs of INEC original result sheets, BVAS Accreditation and original result sheets from IREV.

The court admitted all the evidence before adjourning to Wednesday for appearance of more witnesses.l

Similarly, the witness from AkokoEdo LGA while givingoral evidence, or Akoko-Edo disclosed that number of votes cast in the area exceeded BVAS accreditation for eight polling units.

He also disclosed that INEC incorrectly computed and inflated 5,724 votes for APC in 48 Polling Units in Akoko Edo, adding that they (INEC) failed to record serial number of result sheets in 17 PUs He further alleged that there was was over-voting in 8 Polling Units(PUs) as INEC BVAS report of accreditation showed clearly that the total number of votes cast and declared by INEC in result sheets Forms EC8A were in excess of the total accreditation figures captured by BVAS in 8 Polling Units in the LGA. In addition, he testified that INEC collated incorrect scores in favour of APC in 48 Polling Units across Wards 4 and 9 in Akoko Edo Lga of Edo State.

Minister in Senate, Says 50% Telecom Tariff Hike Due to Rising Costs

The Minister of Communication Innovation and Digital Economy, Mr. Bosun Tijani, yesterday attributed the recent 50% increase in telecommunications tariffs to global inflation and rising operational costs.

Tijani gave the explanation 24 hours after the stakeholders meeting in the communication sector approved a 50% tariff increment on calls and data.

The Minister spoke with journalists after he appeared before the joint National Assembly committees on communication.

He added that the decision aligns with broader economic patterns, where tariffs can lead to higher consumer prices due to the added costs on imported goods. He was at National

Assembly to defend his Ministry’s budget of N12 billion for 2025.

Tijani stated that 50% adjustment aligns with broader economic trends. The Minister said , “Historically, tariffs act as a sales tax, causing a one-off price increase rather than sustained inflation.

“The Federal Government of Nigeria is planning to invest N6bn to deploy 90 kilometers of fiber optic cable.

“This is at expanding the country's capacity from 35,000 kilometers to 125,000 kilometers” The Minister of Communications, during the 2025 budget defence session said the planned deployment of fibre optic cable is an initiative aimed at fostering growth in critical communication sectors.

Sunday Aborisade in Abuja

The National Assembly Joint Committee on Regional Development yesterday accused the Minister for Regional Development, Abubakar Momoh, of allegedly disregarding the principles of federal character by citing more projects of the ministry in Edo State.

The members wondered why 70 percent of the Ministry's projects for 2024 were domiciled in his home state. They argued that it should not be so when the Ministry was to take care of the interest of the entire Niger Delta region.

During the session, one of the members, Chinedu Ogar (APC, Ebonyi), pointedly accused the Minister of taking 70 percent of the project to his home state.

Ogar said, “I am happy that you are a product of the National Assembly. My constituents are not happy with this your budget because it negates the constitutional principle of federal character. About 70 percent of your projects are located in Edo state. Why?” However, the Minister was not allowed by the Committee to respond to the question on camera as they asked the media to leave the hearing room to allow them go into

an executive session.

After the executive session, the Minister told journalists that all the issues raised by the federal lawmakers had been resolved.

While presenting the 2024 budget performance, the Minister told the members that out of the N20 billion allocated to the Ministry in 2024 for capital budget, N2 billion was provided for zonal intervention in the Ministry’s budget by the House Leader, Julius Ihonvbere. He said “the 2024 budget of the Ministry was a budget for the Ministry for Niger Delta Development. Accordingly, the sum of N20.16 billion

was allocated for capital expenditure, 1.127 billion was for overhead 2.01 billion for personnel.

“It is important to note that out of the N20 billion allocated for capital expenditure, the Ministry's envelope was about N18 billion while about N2 billion was provision to the Leader of the House for his zonal intervention projects.

“For the releases so far, only N1.8 billion has been released for capital, while overhead is N1.1 billion, while in respect to personnel, all the staff have been paid. The performance in relation to the releases is N100 percent.”

Adibe Emenyonu in Benin City

Sunday Aborisade in Abuja

INAUGURATION OF 11KM YANGOJI, SUKUKU, EBO ROAD...

L-R:

FG Reiterates Plan to Tap from $90bn Deepwater Offshore Oil Investment

Says N700bn mobilised in 2024 to bridge Nigeria's electricity metering gap

The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, has reaffirmed the federal government's plan to tap from the $90 billion targeted investments in oil and projects over the next five years by the International Oil Companies (IOCs).

In a piece yesterday, in which she sought to update stakeholders on the impact of the policies of the current government on the oil industry thus far, the presidential aide disclosed that in 2024 about N700 billion was mobilised to close the country's metering gap, stressing that over 5 million meters will be installed by 2027.

According to Verheijen, Tinubu’s energy sector reforms, which are aimed at unlocking investments that deliver energy as affordably and sustainably as possible for domestic use and export, are prompting oil companies to take a second look at Nigeria.

She listed the Tinubu administration’s overarching objectives in the sector as the elimination of wasteful petrol subsidies (which was recently achieved) and redirecting the savings to critical investments in infrastructure and social sectors as well as the restoration and growth of oil and gas production and associated fiscal income, prioritising strong economics, quick execution and low emissions.

Besides, she mentioned that deepening and diversifying the economy by shifting towards gas and scaling up on-grid electrification in Nigeria by resolving liquidity challenges and attracting new private-sector investment, remain key aims.

“When the president assumed office 19 months ago, Nigeria’s oil and condensate production was 1.2 million bpd, well below a capacity of over 2 million bpd. For years, despite having the largest reserves of oil and gas in Africa, we have endured being

the reforms.” According to the governor, “In fact, we are already turning the corner. The economy is fast improving. Very soon the positive impact of the reforms would be felt by Nigerians. What the President needs at this critical time is the support of our people.

“The Renewed Hope Agenda is President Bola Ahmed Tinubu’s visionary and transformative policy thrust, aimed at repositioning Nigeria as a global investment hub.

“The Agenda which is anchored on the core pillars of democracy, development and diaspora engagement, is being vigorously pursued with courage and patriotic zeal.”

He said to transform Nigeria and give Nigerians a new lease of life, priority attention must be given to agriculture as was the case during

overlooked by investors who readily deployed capital to other countries deemed more fiscally attractive.

“To urgently improve investor appetite for Nigeria and attract a portion of the over $90 billion in planned investments in oil and projects over the next five years, we held extensive engagements with leading investors, from which it emerged that Nigeria needed to roll out compelling investment incentives,” she added.

With three landmark presidential directives issued in February 2024, especially directive 40, she explained that Nigeria now has, for the first time in history, a competitive fiscal framework for non-associated gas and deepwater gas, and much more competitive fiscal terms for the exploration and production of oil.

She added that the office was also working with the industry regulators to achieve proper delineation and clarification of regulatory scope for each entity, minimising turf overlaps and accelerating decision-making.

“The results have been swift and compelling. Nigeria has since moved to the top quartile, in terms of competitive returns, among 14 indexed countries competing for deep offshore investments.

“The country accounted for three out of the four Final Investment Decisions (FIDs) recorded across Africa in 2024, with a combined value exceeding $5 billion. These all happened within 10 months of the presidential directives.

“Total and NNPC committed to investing $500 million in a gas project on the Ubeta field that was discovered in 1965; while Shell, Total, ENI, and Exxon delivered the standout highlight of 2024, a $5 billion commitment to the Bonga North project, which will increase Nigeria’s production by 110,000 barrels a day.

“Across the energy transition

the country’s Independence. According to him, agriculture was the mainstay of the Nigerian economy.

“Due to the discovery of oil, we abandoned agriculture. We are the poorer for it. We must return to agriculture and invest heavily in it. It holds the key to addressing the challenges of poverty, unemployment and insecurity,” he added. Sani, however, maintained that “President Bola Tinubu is already showing us the way. His administration has prioritised agriculture and is investing heavily in mechanisation and empowerment of smallholder farmers.”

According to Sani, Tinubu’s investment in agriculture was unequaled in the history of administrations in Nigeria.

value chain – CNG, LPG and electric mobility – we have already identified $700 million of ongoing and prospective investment. We expect more investment decisions in the months ahead,” the special adviser noted.

The improved regulatory environment created by these reforms, she said, has also helped clear a backlog of pending regulatory approvals for

divestments of onshore and shallow water operations by IOCs.

Contrary to the belief in some quarters that divestments meant IOCs were leaving Nigeria, she argued that it was not the case. Instead, she maintained that it was a strategic shift towards larger-scale deepwater projects, freeing up the onshore fields for investment by a new generation of ambitious local

companies enthusiastic to grow production.

In the power sector, Verheijen said the new Presidential Metering Initiative (PMI) launched in 2024 represents a huge step forward.

The PMI, she explained, will deploy over 5 million smart meters by 2027, bolstering revenue assurance for the entire value chain.

“In 2024, we mobilised N700 billion in new investments to support the initiative and bridge Nigeria’s metering gap. We are also working on settling the legacy debts burdening the power sector, discouraging new investment.

“Another critical effort is the introduction of electricity tariffs that reflect the true cost of providing power, while also striving for affordability by protecting the most vulnerable Nigerians with targeted support.

Ekiti Airport Ready Soon for Commercial Operations, Aviation Minister Keyamo Says

It’s one of gains of continuity, says Oyebanji Declares it’s set for non-scheduled flights

Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, yesterday, said the Ekiti State Agro-Allied International Cargo Airport, Ado-Ekiti would be ready soon for full commercial operations.

The minister disclosed this to newsmen shortly after inspecting facilities at the airport in company with Governor Biodun Oyebanji of the state, and some top government officials.

According to Keyamo, the airport was 99.5 per cent completed, affirming that full commercial operations would soon commence.

The minister also disclosed that the runway, which was of international standard, has an apron large enough to sufficiently park many 737 small-body aircraft making it adequately comparable to airports in the developed world.

“As I mentioned yesterday, Ekiti Agro-Allied International Cargo Airport is 99.5 per cent ready for full

“Mr. President has equally been giving sustained assistance to subnationals in respect of funds and agricultural inputs.

“Mr. President recently made history by creating the Ministry of Livestock Development which holds the potential of making Nigeria the leading producer of livestock in Africa,” he added.

He maintained that, “with an average annual production of staple crops such as maize, millet, and sorghum reaching over two million metric tonnes, it has made Kaduna State the largest producer of Maize in Nigeria and the sole producer of one of the best Ginger species in the world.

“Kaduna is also blessed with rich, arable and uncultivated soil; however, we are yet to fully unlock its

commercial operations. I am sure you have seen that we have gone around.

“The basic requirements for the take-off of an airport are here. You have the fire station, the tower, navigational equipment already installed, all security equipment in place.

“The runway we have here is of international standard. You can also see how big the apron is, it can park many 737s with narrow bodies. A lot of narrow bodies can come here and anchor. So, as it is today, Ekiti is ready for the world.

“And a fact that the governor has put a lot of passion and resources since he came to office is a testament to his desire for this project. What is left is to ignite all regulatory agencies in aviation to give all the necessary approvals.

“I landed here to show the world that it’s now safe for landing, which is why Aviation 001 had to land here. It’s a testament that I have confidence in the facilities here for public use. The commercial airline will start

potential. Through targeted funding, we aim to scale up irrigation farming, particularly along the Kaduna River basin, and provide mechanisation support to our farmers.”

Sani disclosed that his administration has invested heavily in mechanising the agricultural sector.

“In the 2024 farming season, we distributed 500 trucks of fertilizer, from which 240,000 bags were given out free to 120,000 smallholder farmers. We also distributed farm inputs to thousands of beneficiaries under the Tallafin Noma (A Koma Noma) Scheme.

“By removing the financial barriers to agricultural inputs, we ensured that our farmers can cultivate with confidence and that our state will reap the rewards of higher productivity and income,” he added.

coming in anytime from now,” the minister affirmed.

Oyebanji, in his comment, expressed appreciation to the Aviation Minister, Aare Afe Babalola, and President Bola Ahmed Tinubu for making the dreams of the founding fathers and the entire Ekiti people come to reality with their unwavering support towards the completion of the airport project.

Oyebanji, who could not hide his excitement at the current status of the airport, said it spoke to the alignment of vision of the immediate past governor of the state, Dr Kayode Fayemi, who started the project, and that of the current administration, describing it as part of the numerous gains of continuity.

The governor also stated that the state economy stood to benefit a lot from the project as jobs would be created through agriculture, commerce, and tourism as well as added value to properties in the area because of the anticipated inflow of traffic in the area.

“Now that the Honourable Minister has landed here, it is a stamp of authority that the airport is ready for non-scheduled flight. So, anybody that has a chattered flight can fly into this place without any fear, and very soon commercial flight operations would commence.

“It is a dual-purpose airport, it’s going to serve agro-allied products as well as commercial passengers,” Oyebanji stated.

Lagos Assembly Raises the Alarm over Scavengers, Asks

Governor to Curb Menace

Segun James

The Lagos State House of Assembly, yesterday, has asked Governor Babajide Sanwo-Olu to reactivate relevant laws to arrest the illegal scavenging activities, which have continued to rise across the nation.

The assembly passed the resolution following a motion moved by Hon. Gbolahan Yishawu (Eti-Osa II), noting that violators involved in the theft and vandalism of manhole covers and other public infrastructure should face the full wrath of the law.

The House "notes the relentless efforts of Lagos State Government in providing critical social infrastructure aimed at fulfilling electoral promises, delivering the dividends of democracy, and improving the welfare of its citizenry.

"Further notes that this House has enacted various laws, including the Criminal Law of Lagos State, Ch. C17, 2015 and Environmental Management Protection Law, 2017, to protect and maintain the infrastructure provided by the government across the State; "Observes that this infrastructure, including the construction of roads with underground ducts, iron-cast manhole covers and bridges with steel safety rails amongst others are designed to enhance the quality of life for residents by providing safety for road users and reducing traffic congestion on highways.” The assembly added that it also meant "preventing the loss of productive man-hours, drainage systems to prevent flooding and improving the overall road network system in the state.

Emmanuel Addeh in Abuja

Gbenga Sodeinde in Ado Ekiti

Vice Chairman, House Committee on FCT Area Council and Ancillary Matters, Hon. Peter Apanke; FCT Minister, Nyesom Wike; Minister of state, Dr. Mariya Mahmoud; Kwali Area Council Chairman, Danladi Chiya; and Bwari Area Council Chairman, John Gabaya, during the inauguration of the 11km Yangoji, Sukuku, Ebo Road by the FCT Minister ... yesterday

BAGUDU: TINUBU STEERING ECONOMY IN RIGHT DIRECTION, DETERMINED TO STAY COURSE

IT'S ICAN ESPRIT DE CORPS...

L-R: Former president of ICAN, Mrs. Comfort Olu-Eyitayo; President of ICAN, Chief Davidson Alaribe; former governor of Ogun State, Senator

immediate past former President of the

Niger: Another Tragedy Averted as Tanker Overturns

Ex-gov visits site, seeks increased education of citizenry, death toll rises to 100 NEMA gives relief materials

Laleye Dipo in Minna

Another tragedy was Monday averted in Niger State, barely 48 days after the disastrous incident in Dikko, when a tanker, although ladened with groundnut oil, overturned in Bida town.

Despite the huge loss of lives and property recorded in the Dikko incident

in which the death toll has now been officially put at 100, several youths rushed to the collapsed tanker to scoop for its content – the same action that caused the loss of valuable lives and property.

Eyewitnesses told THISDAY that a handful of security men around the Yeso area (Bida city centre), where the tanker overturned, managed to

keep some of the youths away from the overturned tanker.

The eyewitness said the place, where the tanker overturned was between two petrol filling station, which could have led to a serious disaster.

The Sector Commander, Federal Road Safety Commission, Mr Kumar Tsukwan, confirmed the incident, describing it as "one accident too many."

Tsukwan blamed the accident on "our bad roads and overloading of vehicles playing the road"

He explained that his men in conjunction with other security operatives were able to stop people from scooping the content of the overturned tanker, which he confirmed was conveying groundnut oil.

The Director General of the Niger

FCT Police Commissioner, Disu, Loses Son in Auto Crash, Sanwo-Olu Condoles Officer

Linus Aleke in Abuja

The Police Commissioner for Federal Capital Territory (FCT), Olatunji Disu, has lost his son, Kaka, in an auto crash.

The fatal auto crash, which happened Monday night, claimed the life of Kaka Disu, who just concluded his one year compulsory National Youth Service Corp (NYSC), at the Ministry of Tourism, Abuja.

Source close to Disu's family said the news of his son's demise has left him, family members and friends devastated.

The police commissioner, who was unaware of the looming tragedy, had earlier paid a condolence visit to DPO Ushafa Division, CSP Sambo, following the unfortunate loss of his beloved son.

During the visit, the CP conveyed heartfelt sympathies to CSP Sambo and his family, offering words of

Akinyemi:

comfort and assurance of the Command’s unwavering support in this moment of grief.

Speaking on behalf of the FCT Command, the CP prayed for the peaceful repose of the departed soul and for divine strength to uphold the family through this irreplaceable loss.

A statement by spokesperson FCT Command, SP Josephine Adeh, said, "The entire FCT Police Command stands in solidarity with CSP Sambo and his family during this difficult time and extends its deepest condolences to them."

Meanwhile, the Lagos State Governor, Mr. Babajide Sanwo-Olu, has commiserated with Disu, on the death of his son, Adam Kaka Disu. Sanwo-Olu said the tragic loss of Adam Disu in a car accident on Monday night while travelling came to him as a rude shock.

Expressing his heartfelt sympathies, the governor, in a statement by his

Trump’s Return a Rough Ride for the World, Tinubu Should Avoid Confrontation

A former minister of foreign affairs, Bolaji Akinyemi, has warned President Bola Tinubu to avoid confrontation with the newly inaugurated President of the United States, Donald Trump.

Speaking on a television programme monitored in Abuja, the ex-Nigerian envoy Akinyemi advised Tinubu on how to deal with the US president on issues that involved Nigeria’s interest.

“If I were President Tinubu, I would try to steer clear of antagonising him because there is nothing a bully likes better than taking on people who are not strong enough to resist him.

“You know there is that African

proverb that if you are not strong enough to take on a bully and you take him on, you are just even going to suffer more for it.

“That’s the advice I will give President Tinubu: try and avoid having a confrontation with him even if that means that he does things that annoy or does things that step on the interests of Nigeria. There are ways in which you could address his reaction without confrontation,” he stated.

Akinyemi, who described Trump’s inaugural speech as “shocking and depressing,” added that the world is “in for a rough ride” due to his policies, including tariffs, for four years.

Special Adviser on Media and Publicity, Mr. Gboyega Akosile, urged the family and friends of the deceased to take the death in good faith.

“No doubt, the death of a loved one, especially a recent graduate, who had just completed his oneyear National Youth Service Corps (NYSC) programme, is painful and

shocking as it is irreparable, but we must always take solace in God.

“On behalf of my family, the government and the people of Lagos State, I sympathise with CP Tunji Disu, a former Commander of the Rapid Respond Squad (RRS) of the Lagos Police Command, on the loss of his son.

State Emergency Management Agency (NSEMA) Alhaji Abdullahi Baba Arah, also confirmed the story.

Meanwhile, a former Niger State governor and the senator representing Niger North Senatorial District, Abubakar Sani Bello, has visited the site of last Saturday’s Petrol Tanker explosion and called for increased enlightenment of the populace on the dangers of inflammable materials.

This was as the death toll from the disaster had reached 100, while the National Emergency Management Agency, hasreleased relief materials to relations of the victims.

Bello, who is Senate Committee Chairman on Foreign Affairs, expressed his deepest sympathies to the victims’ families just as he also described the incident as "an avoidable tragedy"

Also, the Niger State Emergency Management Agency NSEMA, has now put the death toll in the disaster at 100 with some of the deceased dieing in the hospitals where they were admitted.

The Director General of the Agency, Alhaji Abdullahi Baba Arah, in an update said so far, 69 people had been confirmed injured in the accident while 20 shops were burnt. The Director General said the Gurara Local Government has been directed to immediately carryout a clean-up of the explosion site in order to make the area habitable saying that the Agency will monitor compliance with the directive

The National Emergency Management Agency NEMA also on Monday delivered relief materials which included 200 bags, each of both rice and maize, 50 cartons of ground nut oil, 20 bags of salt, 20 cartons of Maggi, 20 cartons of tomatoes paste and medications to relations of the deceased Mrs Zubaida Umar DirectorGeneral of NEMA, delivered the items saying it was a way of further showing empathy with the relations of the deceased by President Bola Ahmed Tinubu.

Ministry of Finance, Agencies Urge House C'ttee to Boost 2025 Budget Funding

Juliet Akoje in Abuja

The Ministry of Finance, Fiscal Responsibility Commission, and other agencies have appealed to the House of Representatives Committee on Finance to increase their funding in the 2025 budget.

This request was made during the appearance of the ministry and other agencies in the national assembly to defend their 2025 budget proposals on Tuesday in Abuja.

The Minister of State for Finance, Doris Uzoka-Anite, while presenting

the 2025 budget reported a 100% performance in personnel and overhead costs for 2024, but only 22% in capital expenditure. For 2025, the ministry proposed a total budget of N13.511 trillion.

Uzoka-Anite noted that, "In 2024, we had N2,413,790,305. Overhead we have N1,809,809,393. The total budget for 2024 for the Federal Ministry of Finance was N8,106,450,530 Naira.

“Our performance based on 2024, the percent 100%, the overhead 100%, and the capital 22%. The total budget N2,495,300,769 (person-

nel), N3,565,556,897 (Overhead) and N7,450,800,902 for capital for 2025. That brings the total to N13,511,607,568.

"This includes the issue of exchange rate depression. We go on our mandates we attend on behalf of the country, and international organizations. Our offices look good from the outside but the inside needs a lot of rehabilitation.

“We wish you can improve our capital allocation as well as the overhead. And we think that with the senate committee on finance, we

can improve our capital allocation and our overhead. Five goes to overhead. So that was what the Minister of State was presenting.

"The Minister of State gave a figure of N38 billion as a total for 2025 and of on behalf of the coordinating minister and the minister of state, Honorable Chair and members of this committee, I would also like to plead with you, just as we call the support of the Senate committee on finance, please, Honorable Chair, help us to improve our envelope for 2025"

AKUME: WE HAVE PROSECUTED, CONVICTED OVER 100 TERRORIST FINANCIERS IN TWO YEARS

said two prominent terrorist leaders namely, Abu Radde and Umar Black, operating in Batsari and Safana Local Government Area of Katsina State, had surrendered to troops of Operation Fansan Yamma, in North-west operational theatre

A statement by Director Defence Media Operations, Major General Edward Buba, said the development followed the ongoing synchronised artillery and aerial bombardment by ground and air component of operation Fansan Yamma, which dismantled several terrorist enclaves with high casualties.

This came as the notorious bandit leader, Turji Kachalla, reportedly

released all individuals held captive by his group.

General Buba said, "On 19 January 2025, two prominent terrorist leaders namely, Abu Radde and Umar Black, operating in Batsari and Safana Local Government Area of Katsina State surrendered to troops of Operation Fansan Yamma operating in the NW operational theatre of the nation.

"The surrender was occasioned by ongoing synchronised offensive operations by the ground troops and the air component which resulted in several terrorist dislodged from their enclaves with high casualties.

"During the operations, troops

recovered assorted weapons, ammunition as well as secured the release of 15 hostages held by the terrorist."

The Director stressed that troops were sustaining the momentum to hunt down Turji, among others, assuring the people that the military would continue to eliminate threats posed by terrorists and destroy them on the battlefield.

Meanwhile, a Lake Chad Basin counter-terrorism and insurgency expert, Zagazola Makama, revealed that Turji released all individuals held captive by his group.

The development might not be unconnected to the heightened

military air and ground onslaught against bandit strongholds in Zamfara State, with particular focus on Turji's identified enclaves.

THISDAY reported that that Turji's son, alongside other loyalists were killed during military onslaught against bandit enclaves.

THISDAY also reported that the dreaded bandit leader immediately went spiritual to invade being captured alive or death by the military and other state forces. This development came amid heightened military operations aimed at capturing the fugitive and dismantling his network in Zamfara State and surrounding regions.

Chuks Okocha in Abuja

Ibikunle Amosun; his wife, Dr. Olufunso Amosun, and the

association, Dr. Innocent Okwuosa, when the ICAN leadership paid Senator Amosun a courtesy visit at his Abeokuta residence, last Sunday

COURTESY VISIT…

New Security Outfit Bursts Kidnapping Syndicate, Demolishes Den in Anambra

David-Chyddy Eleke in awka Operatives of Agunechemba, the newly launched security outfit in Anambra State have burst a kidnapping syndicate in the state.

This is coming as a traditional medicine practitioner, Dr. Ramas Asuzu, accused fake native doctors of aiding insecurity in the state.

The operatives of Agunechemba security outfit-just

one day after its inauguration by the state Governor, Prof Chukwuma Soludo-last Saturday raided two compounds in Isiagu, where they arrested some members of the syndicate.

Leader of the outfit, Mr. Ken Emeakhayi, who issued an interview after their operation, said the laws of the state supports that any house found to be harbouring kidnappers, without any report from the house owner,

Nwifuru Backs Establishment of Community Police

Benjamin Nworie inabakaliki

The Governor of Ebonyi State, Francis Nwifuru, has called for the introduction of Community Policing as a panacea for the security challenges facing the country.

The governor spoke yesterday in Abakaliki when the Assistant Inspector General of Police in charge of Zone 9 Umuahia, Suleman Yusuf, paid him a courtesy call.

The governor attributed the peace and tranquility in the state to the co-operation of the police.

He said: “Community Policing is the best option in crime prevention. The reason is because you must

first of all know the terrain before you act.

“Community policing is a kind of information giving. It is my duty to protect lives and property. I want to congratulate you sincerely for your position.”

He called on the Nigerian police to introduce a reward system that will encourage officers and men of the Force to carry out their duties more effectively.

According to the governor, “We must at this point encourage performing officers by rewarding those who put their lives on the line to protect lives and property of the citizens.”

Town Planners Condemns Harassment of FCT Control Officers

The Nigerian Institute of Town Planners (NITP) has strongly condemned the harassment and molestation of officials of the Department of Development Control, Federal Capital Territory Administration (FCT) by individuals and organisations.

The President of NITP, Dr. Chime Ogbonna, made the condemnation yesterday in Abuja when he visited the director of the department, Mr. Mukhtar Galadima.

Ogbonna recalled the recent incident in Lugbe, where the

operational vehicle of the department was vandalised and some of the officials who were on duty manhandled by unidentified security personnel.

The president, who said he was in the office to commiserate with the director over the incident, added that the institute would no longer tolerate such acts.

He cautioned individuals and organisations against future occurrences, threatening that perpetrators would face appropriate legal action.

Oniru Confers Chieftaincy Titles on Eminent Citizens

The Oniru of Iru-land in Lagos State, His Royal Majesty Oba Abdul-WasiuOmogbolahan Lawal, Abisogun II, has announced the conferment of honorary chieftaincy titles on eminent and distinguished citizens of Nigeria.

The revered monarch unveiled the shortlist of recipients as part of activities to mark the fifth anniversary of his peaceful reign on the throne.

Among the esteemed honourees are Iya Oba of Iru Kingdom - Chief

(Mrs) Basira Titilayo Smith; Aare Majeobaje of Iru KingdomChief Adeyemi Idowu, Aare So’luderoofIru Kingdom- Chief Muyiwa Gbadegesin, and Erelu Asa of Iru Kingdom - Chief (Mrs) Bolane Austen-Peters; Aare Fiwagboye of Iru Kingdom - Chief Lukman Olayiwola Mustapha; Asoju Oba of Iru Kingdom- Chief Idris Ibikunle Olorunnimbe and AjirobaofIru-Kingdom- Chief Adegboyega Hakeem Akintoye.

would be confiscated.

He said: “Now, this two buildings you are seeing here have officially become the property of the Anambra State Government.

“Of course you know that a man who owns his property decides what to do with it. So, these two compounds you see here will be demolished.”

Meanwhile, a renowned

traditional medicine practitioner, Asuzu, has called on the Anambra State governor to hasten up and clamp down on fake native doctors in state, saying they are mostly the cause of insecurity in the state. He said it would surprise the governor that far too many families in Anambra State have such charms, and that there was need to sanitize the system.

Police Arrest 5 Suspects for Kidnap,

Blessing Ibunge in Port Harcourt

The Rivers State Police Command yesterday announced the arrest of five suspects allegedly involved in the kidnap and subsequent murder of 35 years old man in the state.

The Police spokesperson in the state, SP Grace Iringe-Koko,

who disclosed this said that the incident occurred last September.

According to Iringe-Koko, the mother of the victim, Gloria George, alerted the command on the disappearance of her son, few hours after they spoke on the incident day.

The mother of the victim (Rowland Horsfall), told

Murder of Man in Rivers

the police that the suspects demanded N300, 000 ransom for his release.

She explained that after the payment was made, the suspects increased the ransom to N2.5million but killed him before the family could send the money to them.

Iringe-Koko said: “On November 1, 2024 at about 14:10hrs the Rivers State Police Command received a distressing report from one Gloria Iyenemi George of Peace Valley Estate Woji Port-Harcourt suggesting that on September 10, 2024 at about 15:30hrs, her son named Rowland Horsfall, aged 34years left home to attend meetings in Dr Peter Odili road and GRA Port Harcourt respectively.

Osun Amotekun is Spiritually Grounded to Fight Insecurity, Says Commandant

Yinka Kolawole in Osogbo

The Commandant of the Osun State Security Outfit Network, Codenamed ‘Amotekun’, Isaac Omoyele, yesterday contended that the state Amotekun is spiritually stable to fight any crime in the state.

Speaking yesterday in an interactive session with journalists in Osogbo, Omoyele, who commended the state Governor, Ademola Adeleke, for adequate provision for the outfit in 2025 budget, vowed to march force for force in an efforts to curb criminality in the state.

The commandant, who spoke about the deteriorating state of Amotekun when he took over the mantle, noted that the Amotekun he met was in a bad situation.

Omoyele opined that Oyo, Ogun, Ekiti, Lagos and Ondo States were ahead of Osun State when he resumed as the

commandant but stressed that with the support from the state government, Osun State Amotekun is now in a conducive atmosphere. He noted that laws that were enacted are suitable for the development of the security outfit, saying Osun Amotekun is fully protected with their welfare.

Kogi Seeks NASRDA ‘s Support to Combat Insecurity through Technology

Ibrahim Oyewale in Lokoja

Kogi State Governor, Usman Ododo, has appealed to the management of the National Space Research and Development Agency (NASRDA) to complement efforts by his administration to combat insecurity, improve agriculture and food security, fast track land reforms and support development in other critical sectors using existing space technology and innovative capabilities of the agency.

a meeting held with the Director-General of NASRDA, Dr. Mathew Olumide Adepoju, yesterday.

Ododo made this call during

The governor, who was accompanied by some of senior officials of the government, said that the state is committed to ensuring partnership with NASRDA to improve the state’s Geographic Information System to facilitate land reforms, promote agriculture and food sufficiency, security of lives and property and other critical sectors of the state economy.

Project Monitoring Boss Charges Contractors to Be Conscious of Standards

Olusegun Samuel in yenagoa

Tarabina gave the charge during a project monitoring and evaluation tour to Polaku/ Sabagrea road.

The project monitoring boss said the directorate would continue to insist on

The Chairman of the Directorate for Project Monitoring and Evaluation, Ebiye Tarabina, has charged contractors handling Government projects in the state to be conscious of standards and specifications in the execution of their contract jobs.

standards and specifications, stressing that the projects are very significant for the present and future development of the state.

He said the prosperity administration places high premium on standards and urged the contractors to abide by the terms of the contractual agreements. However, Tarabina commended the contractors for the milestones attained on the projects and urged the contractors to expedite action to complete the project on record time.

Larry Omodia Foundation Exposes Shocking Twists in Mohbad Murder Case

Mary Nnah

The Larry Omodia Foundation for Justice Reform has uncovered shocking twists in the ongoing investigation into the murder of Nigerian singer, Ilerioluwa

Oladimeji Aloba, also known as Mohbad.

The foundation’s chairman, Larry Omodia, said during a press briefing in Lagos that the suspects in the murder case, including Omowunmi

Cynthia Adebanjo-Aloba, Adura Aloba, and Damola Ayinde, will be invited for questioning imminently, following fears of a massive cover-up.

One of the shocking twists revealed is that Adura Aloba,

Mohbad’s brother, allegedly concealed material facts leading to Mohbad’s demise and demanded money in exchange for video evidence. This damning allegation has raised eyebrows and sparked outrage.

PMI, ITU Sign Agreement to Advance Project Mgt Excellence

Project Management Institute (PMI), the leading authority in project management, and the United Nations specialised agency for ICTs, the International Telecommunication Union (ITU), have signed a collaboration

agreement to enhance project governance, implementation, and the development of futureready skills within ITU’s global initiatives. The partnership is grounded in a shared vision to deliver measurable outcomes

across key strategic priorities.

One key area of focus is the enhancement of project governance standards. PMI and ITU aim to facilitate policy dialogues and foster knowledge exchange among experts, local

and regional government networks, civil society organisations, and the private sector. Developing capacity and equipping communities with future-ready skills also form a key focus of this collaboration.

L-R: Co-Founder, African Ancestry, Gina Paige; Governor Babajide Sanwo-Olu of Lagos State, and Chairman, Nigerians in Diaspora Commission, Hon (Dr)Abike Dabiri-Erewa, during a visit to the governor in Alausa…recently

EKITI CARGO AIRPORT INSPECTION…

L-R: Ekiti State Commissioner for Transport, Mr Kolawole Ajobiewe; Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN); Ekiti State Governor, Mr. Biodun Oyebanji, and Special Adviser to the Governor on Airport Project, AVM Sunday Makinde (rtd), during inspection of facilities at the Ekiti Agro-Allied International Cargo Airport by the minister in Ado-Ekiti…yesterday

UNIJOS Students Protest Hike in Fee for New Students, Threaten to Escalate Action

Seriki Adinoyi in jos

The Student Union Government (SUG) of the University of Jos (UNIJOS) has directed all newly admitted students to suspend payment of school fees over what it described as alarming and unjustifiable increase charges that has jerked the fees from N130,000 to N200,000, excluding the N30,000 acceptance fee.

In a statement signed by SUG President, Jane Kangyang Pwajok, the union lamented that the hike in fee has placed undue burden on the students and their families thereby calling for decisive action.

Rivers Confirms Outbreak of Bird Flu

The Commissioner for Agriculture in Rivers State, Victor Kii, has confirmed an outbreak of avian influenza, commonly known as ‘Bird Flu’ disease in the state.

Kii, who confirmed the outbreak yesterday, disclosed that highly pathogenic avian influenza in a 3,000-capacity poultry farm was discovered in Iriebe, Obio/Akpor Local Government Area of Rivers state on Thursday, January 17, 2025.

The commissioner said the development is a matter of significant concern, assuring

that the ministry had taken immediate and comprehensive measures to manage the situation and prevent any further spread of this disease. Avian influenza poses a serious threat to poultry and can also affect human health.

To ensure the safety of the poultry industry and the well-being of communities in line with the Governor Siminalayi Fubara’s policy on food safety, Kii said the Ministry of Agriculture has implemented many steps including immediate quarantine, sensitising the public on the disease and preventive method.

NSCDC Nabs KEDCO Staff for Alleged Theft in Katsina

Francis Sardauna in Katsina

A staff of the Kano State Electricity Distribution Company (KEDCO), Aliyu Muhammed, has been nabbed by operatives of the Nigeria Security and Civil Defence Corps (NSCDC) for allegedly tampering with prepaid meter and theft. Mohammed, 38, was arrested by the Special Surveillance team of the NSCDC at Tudun Wada Quarters in Daura Local Government Area of the state after intelligence reports on his activities.

The state NSCDC Public Relations Officer, SC Buhari Hamisu while parading the suspect Tuesday evening, said he stole a prepaid meter from the residence of one Alhaji Lawal Gadi on January 16, 2025.

He said: “Aliyu Muhammad is a staff of Prepaid Meter Unit of KEDCO Daura Regional Office. During investigation, the suspect confessed to committing the crime and revealed that on January 15, he first went to the Alhaji Lawal Gadi residence in Tudun Wada for his own motive.

NGOs Urge NEDC to Prioritise Community-led Initiatives

Segun AwofadejiinGombe

The Association of NGOs (ANGO), an umbrella body of all non-governmental organisations, community based organisations and faith based organisations in Gombe State has urged the Northeast Development Commission (NEDC) to prioritise community-led initiatives in its projects and interventions to address the region’s developmental challenges.

ANGO made the call yesterday during a visit to the office of the commission in Gombe State by its

newly elected officials led by the chairman, Bachama Yusuf.

During the meeting, Yusuf emphasised the need for the NEDC to tackle key issues such as targeting, socio-economic dilemmas, citizens’ participation, publicity, and feedback mechanisms.

He pointed at the alarming poverty rate in the region, with over 70 percent of the population in some states living below the poverty line opining that to address this, the NEDC should ensure equitable distribution of resources and promote sustainable development.

The union said that its directive for suspension of payment of fees was reached after consultations with Faculty Presidents, Departmental Presidents, Tribal

Heads, and past and current union leaders, adding that the suspension of fee payment is one of the series of actions it has taken to address the situation.

The union has also directed all students of the university to wear black attire on Wednesday (today) to mourn the unfair increase in fee for the new students, urging

the students to collect ‘Solidarity Tags’ available in all faculties, which they must hang on their neck by 10 a.m. in solidarity with the new students.

FCTA Inaugurates First Rural Community Road Project with Streetlights

Olawale Ajimotokan in abuja

The 11 kilometre (km)YangojiSukuku- Ebbo road in Kwali Area Council yesterday became the first rural community road in the Federal Capital Territory (FCT) to be inaugurated and fitted with streetlights.

FCT Minister Nyesom Wike also promised to construct a new bridge across the Bobo river to link the community to other communities up to Kuje. He urged the residents to support the government of President Bola Tinubu to provide more benefits the people.

“Mr. President told me that anything you want, you just ask me, we will do it for you.

“You requested for the construction of this road during the stakeholders meeting. Here we are commission it, this is promise made and promise kept,” Wike said.

Man Jailed 21years for Stealing

Fidelis David in akure

A Magistrate Court in Akure, Ondo State, has sentenced a 38-year-old bricklayer, Olushola Olatunde, to 21 years imprisonment for breaking into a church and stealing items, including an iron tithe box, with a total value of N1,340,900.

Olatunde, faced a six-count charge involving breaking, illegal entry, and theft. He pleaded guilty to the charges but pleaded for leniency.

Wike also assured the people of Kwali that he was building another police station in the area council.

The Chairman Area Council, Danladi Chiya, expressed the appreciation of the residents to President Bola Ahmed Tinubu for opening up their communities.

Church Property in Ondo

The state Prosecutor, D.S. Msonter-Shagba, told the court that Olatunde committed the offences between December 24, 2024, and January 8, 2025, at different times and locations in Akure.

Msonter-Shagba detailed that on December 24, 2024, at No. 17 Plaza Road, Isolo, Akure, Olatunde broke into the Revelation of God Miracle Church and stole a 16-channel live series audio mixer worth N250,000 and a public address system valued at N250,000.

Similarly, on December 8, 2024, at No. 7 Ore-Ofe Street, Oke Ijebu, Akure, he broke into the Garden of Faith (CAC) Church, stealing items that included an amplifier worth N230,000, a 6.5kV generator valued at N250,000, two lengths of 12mm rods worth N19,600, and an iron tithe box valued at N35,000, totalling N534,600.

UBEC Pledges to Increase School Completion Rate at Primary, Secondary Levels

Kuni Tyessi in abuja

The Universal Basic Education Commission, UBEC has pledged to, in line with Article 26 of the 1948 Universal Declaration of Human Rights on education, work towards increasing the rate of school

completion at the primary and secondary level.

Stating this yesterday during her first meeting with management and staff of the commission, the new Executive Secretary, Aisha Garba, said the report from the United Nations Children Fund (UNICEF) is not encouraging, hence the need for a decisive measure.

She said: “According to UNICEF, the primary school completion rate for Nigeria was at 59 percent in 2020 for boys and 51 percent for girls. The secondary school completion rate is even lower, with boys at 42 percent and girls at 36 percent.

“These are figures we should all be concerned about if we are to build a successful and productive society; the reason we must hit the ground running to change this status of basic education in the country.”

Police to Prosecute 17 Persons in Akwa Ibom over Crime

Okon Bassey inuyo

Seventeen suspected criminals arrested by the police for six different crimes are to be prosecuted by the Akwa Ibom State Police Command.

The suspects were arrested in crime including, child defilement,

cultism, recovery of firearms, armed robbery, vandalism and stealing among other crimes.

The Police Public Relations Officer (PPRO) of the Akwa Ibom State Police Command, DSP Timfon John, disclosed these while briefing the media on the activity of the Police Command in the state.

DSP John explain that on 14/01/2025, operatives of the Command, acting on credible intelligence, arrested one Roseline Dennis and Sunday Udo Ekong both of Ikwen village in Obot Akara LGA over child trafficking.

“The suspects abducted two children (names withheld), aged 4 and 2, both pupils of St. Joseph Catholic School, Ikot Ofon Ikono.

“Preliminary investigations revealed that the suspects planned to transport the victims to Umuahia, Abia State, to sell them. Thankfully, the victims were rescued and reunited with their families. The suspects will face prosecution.

Late House Deputy Minority Whip Left a Big Vacuum, Says Ogun APC

James Sowole in abeokuta

The All Progressives Congress (APC) in Ogun State has described the death of the Deputy Minority Chief Whip of the House of Representatives, Hon. Adewunmi Onanuga, as a

very big vacuum that is difficult for her party to fill.

The Chairman of APC in Ogun State, Chief Yemi Sanusi, said this when he led members of the Ogun State Executive Committee of the party on a condolence visit to the family

of the deceased Onanuga in Sagamu.

Sanusi said: “The entire leadership and members of party are here to commiserate with the family of Late Hon. Oriyomi Adewunmi Onanuga, who died in her prime.

“She was an adorable and committed member of our party, who did her duties with dispatch, passion and zeal. She did a wonderful job in her bid to empower the youths, women and the vulnerable in Remoland and beyond

Idahosa Assures Okpebholo of Support to Develop Edo

Adibe Emenyonu in Benin City

Edo state Deputy Governor, Mr. Dennis Idahosa, yesterday assured his principal, Governor Monday Okpebholo, of support

in the developmental drive to put the state on a good stead in all segments of the economy.

This was just as the deputy governor called for the collaboration and support of the

All Progressives Congress (APC), particularly from his council area, Ovia South-west, to enable the government to deliver on its campaign promises. Idahosa, in a statement by his

Press Secretary, Friday Aghedo, was said to have made the call when he received members of the APC in Ovia South West led by the chairman, Emmanuel Ogbomo.

Blessing Ibunge in Port Harcourt

Napoli Offer Man Utd Discount on Osimhen to Sign Garnacho

Femi Solaja

Serie A side Napoli are now willing to offer Manchester United a reduced fee for Super Eagles forward, Victor Osimhen, in exchange for Argentine forward Alejandro Garnacho.

Osimhen was on target last night as Galatasaray were forced to 3-3 draw in a Europa League clash with Dynamo Kyiv.

Reports from Il Mattino and Sky Sports Italiasuggest that the 20-year-old forward has reached an agreement with the Naples-based club already.

This new developments indicate that the Serie A champions have added a twist to the deal by offering a

Manchester United youngster, Garnacho, has been heavily linked with a move to join the Neapolitans, as part of the Red Devils’ restructuring strategy to offload some players.

Lookman on Target as Atalanta Crush Sturm Graz, Progress to Play-off

CHAMPIONS LEAGUE

African Player of the Year, Ademola Lookman, was on the scorer’s sheet last night as Atalanta crushed Sturm Graz 5-0 to progressed to the playoff round of the UEFA Champions League. The strike was Lookman’s fourth Champions League goal.

The defeat saw Sturm Graz - playing for the first time in six weeks because of the Austrian winter break - eliminated from the competition with a game to spare, though the Austrian Bundesliga leaders should have taken an early lead.

Less than a minute after Amady Camara flashed wide when through on goal, Italy striker Matteo Retegui converted Davide Zappacosta's cross from close range to put Atalanta ahead.

Half-time substitute Ademola Lookman appeared to have made an instant impact when he squared across the face of goal for Charles De Ketelaere to tap home, but the goal was ruled out for offside following a

video assistant referee (VAR) review.

Former Everton attacker Lookman was denied twice in quick succession by Sturm Graz goalkeeper Kjell Scherpen, before Mario Pasalic stabbed home Juan Cuadrado's cross to double the advantage.

Last season's Europa League winners continued to push for a third, and soon got it when De Ketelaere tucked home after the visitors failed to clear a corner.

Lookman blazed over the bar when one-on-one with Scherpen, before fellow substitute Marco Brescianini was thwarted by a last-ditch challenge and the offside flag denied Zappacosta.

Lookman finally got his goal late on by heading home De Ketelaere's cross at the back post, and there was time for Brescianini to add another.

Victory against Barcelona on Wednesday 29 January could secure a place in the top eight and direct passage to the last 16 for the Italian side.

NOC Reaffirms Support for NSSF’s Programmes

The Nigeria Olympic Committee (NOC) has reaffirmed its support for the programmes and activities of the Nigeria School Sport Federation (NSSF) in its efforts to enhance school sports across the country.

During a recent visit by the NSSF to Abuja, NOC President, Habu Gumel, expressed his admiration for the NSSF's achievements over the past five years under the leadership of Olabisi Joseph.

He stated, "I have been following all your programmes and activities, and I can see that you are working hard to return us to where we used

to be in terms of developing sports at the grassroots level. We at NOC will continue to support your programmes so that we can both work together to increase the talents that abound in the country by identifying them from your programmes. We will continue to support you and hope that more athletes will emerge from your programmes, and we wish you well in your endeavours."

Gumel also pledged the NOC’s unwavering support for the NSSF’s initiatives, particularly in empowering schoolteachers through capacity training.

discount on the Nigeria international, to lower their asking price if Garnacho is included in the transfer.

Osimhen has been a top transfer target for several European clubs following his exceptional performances

for Napoli.

The Super Eagles striker scored 31 goals across all competitions in the 2022-23 season, which played a pivotal role in helping Napoli secure their first Serie A title in over three

decades. Napoli had initially valued the 24-year-old forward at €150 million which makes him one of the most expensive players on the market. According to Football Italia, the Gli Azzurri are set to meet with Osimhen’s representatives today. However, there remains a significant gap between Napoli’s proposed offer of €50 million and Manchester United’s asking price of €65million for Garnacho. As part of the deal, the Partenopei are open to reducing Osimhen’s price tag if Manchester United include Garnacho as part of the deal.

3-3 D’Kyiv

RB Leipzig v Sporting CP

Shakhtar v Brest

AC Milan v Girona

Arsenal v D’Zagreb

Celtic v Young Boys

Feyenoord v B’Munich

PSG v Man City

R’Madrid v Salzburg

S’Prague v Inter

EUROPA LEAGUE

Besiktas v Bilbao

Nigeria Battle South Africa for U19 Cricket World Cup Group Top Spot

On the back of the Monday's historic win over New Zealand, Nigeria's Junior Women’s Yellow-Greens will hope to end the group stage of the 2025 ICC U-19 Women's T20 World Cup in style, when they come up against South Africa in their last group game early hours of today in Sarawak, Malaysia.

Although the ICC U-19 Women’s T20 World Cup in Malaysia has revealed that they are rarely underdogs in cricket, it is still a fight

of the unequal as Nigeria and South Africa clash in the final Group C game at the Borneo Cricket Ground, Sarawak.

Both teams, sitting top two in Group C, will go into the contest by 7:30 am Nigerian time on Wednesday to determine the winner of the group.

The Junior Yellow-Greens announced their presence at the tournament with a huge upset, enduring a nerve-wracking fight to secure a two-run win over New Zealand in a 13-over match after their first game against Samoa was washed out by rain.

South Africa are buoyed on by their emphatic victory over Samoa and New Zealand in their first two games. This will be the first time both nations will meet in a cricket game in the women’s category on the world stage. Although, both sides met at the 13th African Games in Ghana in March 2024, with South Africa

Eight Countries for YUCATECO Sponsored Amateur Boxing World Cup Qualifiers in Nigeria

Boxers from eight African countries are expected in Nigeria next month when the maiden edition of the World Boxing Council (WBC)/African Boxing Union (ABU) Amateur Boxing Championship holds in Lagos.

YUCATECO, one of the leading boxing promotion outfit in Nigeria and Africa is leading the plans to host the WBC/ABU championship that will serve as qualifier for the WBC Amateur Boxing World Cup in Mexico later in the year.

presenting her `emerging’ Squad in the tournament. Notably, both teams have a good number of players who took part in the Games at this tournament.

Of South Africa’s 15-player squad at the 2025 World Cup, seven of them were listed at the previous edition in 2023, which they hosted and reached the Super 6 stage.

Nigeria’s team in Malaysia 2025 on the other hand have eight of the 15 players from the African Games in Ghana.

He was enthusiastic about the prospect of Nigerian boxers performing creditably well at the championship as the bulk of them competed in the first two seasons of the YUCATECO Boxing League.

“Our mission to reposition boxing in the country and the continent is born out of our passion for the growth and development of young people, most especially those from the less privileged communities,”

Speaking at a media briefing in Lagos yesterday to herald the competition taking place between February 6 and 8, CEO of YUCATECO, Imonlei Yakubu Imadu, stressed that boxers from Kenya, Ghana, Uganda, Togo, Benin Republic, Senegal, Cameroon and host country, Nigeria will participate in the championship scheduled to hold inside the newly built Gymnasium at Teslim Balogun Stadium financed by his boxing promotion outfit.

began Imadu whose YUCATECO hosted the first ever boxing league championship in Uzebba, Edo State

last year.

“Because we do not intend to stop anytime soon, we took another bold

step to initiate the first ever WBC amateur boxing championship in Africa.

Leg spinner Seshnie Naidu’s 4/13 and all-rounder Kayla Reyneke’s 3/12 rattled Nigeria’s batting lineup to ensure the West Africans were 74 all out with eight balls to spare. In the defence, pace bowler Lilian Ude stepped to the occasion with 5/18 but was not enough to halt a four-wicket win for the South Africans.

Naidu alongside wicketkeeper Karabo Meso would bring senior team experience to the U19 squad as they are the only two capped players in the lineup in Malaysia.

Captain Reyneke is the leading wicket-taker for her side with four in the tournament, closely supported by Nthabiseng Nini’s 3/4 against Samoa on Monday. But then, Nigeria’s skill with the ball has also been her strength.

The likes of Ude, who finished as the best bowler at the African Games in Ghana with eight wickets, also contributed to Nigeria’s qualification for the World Cup in Rwanda.

Galatasaray players celebrating Victor Osimhen’s goal in the 3-3 draw with Dynamo Kyiv during the UEFA Europa League clash in Istanbul, Turkey...yesterday evening

L-R: Boxing Promoter, Salif Fawaz; CEO of YUCATECO Boxing Promotion Limited, Imonlei Yakubu Imadu; Finance Director of YUCATECO, Mrs Enitan Imadu and Technical Director of the Championship, Babatunde Laguda, at the media briefing on the WBC/ABU championship to hold in Lagos next month

I DON’T CARE WHICH PARTY YOU BELONG, YOU ARE MY FRIEND

That is why the removal of the fuel subsidy was necessary too. You cannot spend the future of generations yet unborn in advance. Don’t bankrupt the nation before they are born. And I know people will fight, grumble, abuse me and everything. But I asked for the job. I know what it takes. I believe in myself. And I believe I can gather a very good team and build a nation. It’s our country. We have to work really hard to build a nation that we can be proud of. Let’s change the narrative and the negative comments about Nigeria. I’m not taking that. I’m very proud of Nigeria. You all should be proud of Nigeria. Peter Mbah is proud of Nigeria. He’s doing everything possible to improve security of lives and property, to attract foreign investment and other investors locally.

Yes, I’ve listened to your questions about security. There’s no better investment that you can make than the effective security of life. And I saw those vehicles. The Distress

Rapid Response (method) is the way to go. It looked like the other name I created in Lagos; Rapid Response.

Please continue to cooperate and collaborate with your son, brother, friend here, who is really committed to pushing the development of Enugu State and be a good symbol of South-eastern states for that matter. I’m proud. The question of rail line is a work in progress.

I inherited some of these critical problems and I’m going to do it. Then support for the gas infrastructure is sure (because) gas is alternative fuel and there’s no wasting of time than to invest more in it.

We’ll do it together. I’m lucky I have good governors. You know, some may be angry with me locally, but we just have to push. In Yoruba (land) we say that the pig will get to the slaughter, but there will be a lot of noise. I will live with the noise.

Thank you very much.

HOLD YOUR BREATH, THE TRUMP REVOLUTION HAS BEGUN

greatest democracy on earth—exposes the nature of politics worldwide and the reason it is generally believed that all politicians are cut from the same cloth, irrespective of race, nationality, or creed. They never fail to seize opportunities to take jabs at each other in their quest to get ahead.

Ordinarily, one would have thought that, with the Democratic Party having overwhelmingly lost the November 2024 presidential election to the Republican Party, outgoing President Biden would admit wholeheartedly that Americans have rejected his brand of politics and leadership style, and embraced the proposition made by Trump, which he has just begun to unfurl.

But Biden did not swallow the humble pie, as it were. Instead, he opted to sermonize and demonize Trump by alleging that the new president, who is making a comeback after having served from 2016-2020, is a threat to democracy.

Incidentally, that was the central campaign message of the Democratic Party, which obviously failed to resonate with American voters, as their presidential candidate, Kamala Harris, was roundly defeated by Trump.

Following the overwhelming votes cast by Americans—49.8% or 77,303,568 votes for President Trump—this has enabled the Republican National Convention (RNC) to take control of all branches of government: the presidency (executive branch), the Senate, the House of Representatives, and a friendly Supreme Court. Trump’s party, also known as the Grand Old Party (GOP), has now commenced calling the shots, with Trump at the helm of affairs in the White House starting January 20.

With the world’s richest man, Elon Musk, in President Donald Trump’s camp—actually, as his government efficiency czar—having appointed Musk and Vivek Ramaswamy as co-heads of the newly created Department of Government Efficiency (DOGE), what is evolving as the Trump Effect will not only grip the U.S., where the legendary Washington swamp is expected to be drained, but it is on track to spread beyond the shores of the U.S. to Canada, Mexico, Panama, Greenland, and Europe, particularly the United Kingdom, Germany, and France, where Musk is stirring up the hornet’s nest by aligning with Nigel Farage’s Reform UK party, a right-wing populist party in the U.K.

Already, the Trump storm has swept through Canada, with Prime Minister Justin Trudeau becoming the first casualty. He has announced his resignation from office rather than waiting to be voted out, owing to his worsening unpopularity.

The likelihood of Trudeau being re-elected worsened due to his sour relationship with U.S. President Trump during his first tenure from 2016-2020.

After his 2023 electoral victory and return to the White House as the 47th president on Monday, January 20, Trump’s threat to slam Canada with a 25% tariff and his contemplation of making Canada the 51st state of the U.S. likely informed a visit by Canadian Prime Minister Trudeau to Mar-a-Lago, Trump’s personal residence, to seek a détente. But it appears as though Trump did not accept a reconciliation. Hence, Trudeau opted to step down from leadership of the U.S.’s neighboring country with the longest shared border, rather than waiting to be pushed out by his opponents in a re-election bid.

Just as Canada has already lost its PM Trudeau to the Trump Effect, leadership in the United Kingdom is also being rattled. Trump and his ally Musk have been backing Nigel Farage, leader of the Reform UK party, which made significant gains in the last elections, leading to the Tory party’s Keir Starmer becoming Prime Minister and occupying the number one seat at 10 Downing Street, the seat of power in the U.K.

It is not only Canada and the U.K. that are feeling the impact of Trump’s return to the White House. The rest of Europe, stretching from France to Germany, is also quaking under Trump’s influence. The Middle East is not exempt.

Practically on the eve of his ascension to the presidency, over 400 days (since October 7, 2023, more than 15 months) of war between Israel and Hamas in the Middle East was suspended following

a ceasefire deal reached on Sunday, January 19.

President Trump is, in my view, justifiably taking credit for the ceasefire because the deal proposed under Biden’s administration had consistently failed to materialize, even after the administration’s and international negotiating team’s best efforts.

Given that Israeli Prime Minister Benjamin Netanyahu had defied then-President Biden’s threats to withdraw aid to Israel if he failed to accept the ceasefire terms put forward by the U.S., and Hamas also defied the U.S. by refusing to release hostages, including Americans, Trump’s threat to both parties—that there would be “fire and fury” if they failed to reach a mutual agreement to end the bloodshed—appears to me to be the deal clincher.

Although Trump’s critics would not concede to him the successful execution of the ongoing Israel-Hamas ceasefire, it is no coincidence that both Israel and Hamas accepted the arrangement they had previously rejected on multiple occasions. China is also under threat of being slammed with a 60% tariff, and the second-largest economy in the world has also sent Vice President Han Zheng as a special representative to President Trump’s inauguration.

The only continent that has yet to receive President Trump’s attention, except for the clear and imminent danger that Africans will be negatively impacted by the new president’s plans to deport undocumented immigrants from day one of his presidency, is Africa. It is unlikely, in my view, that President Trump will be hostile to Africa. One is convinced that the 47th president of the U.S. now understands Africa better than he did during his first tenure from 2016-2020. If nothing else, the marriage of Trump’s daughter Tiffany to Michael Buolos, the son of Dr. and Mrs. Sarah and Massad Buolos, who are Lebanese, French, Nigerian and American citizens, has provided the opportunity for Trump to know Nigeria, and by extension Africa, better.

That was emphasized in numerous interventions in my mass media column two of which are titled “ The Donald Trump Africans Do Not Know” and a follow-up piece titled “The Donald Trump Magnus Onyibe Does Not Know”—prompted by pushback from some readers.

Those referenced pieces were written and published

in 2022 after personally meeting then-former President Trump and his family.

In my view, it is unlikely that Trump would cancel the African Growth and Opportunity Act (AGOA), a policy aimed at giving African countries the opportunity to export products to the U.S. tariff-free, introduced during President Bill Clinton’s administration. Rather President Trump is likely to do more since he now knows Africa better as the new frontier .By and large, the sweeping changes that the emergence of Trump as the 47th president of the U.S.—even before officially being inaugurated—appears to be having on the global political landscape seem to suggest that the world is beginning to witness the birth of a new world order, as predicted by political scientist Francis Fukuyama, a senior fellow at Stanford University, one of the U.S. Ivy League universities, in his seminal books

The End of History and the Last Man, The Origins of Political Order: From Prehuman Times to the French Revolution, and Political Order and Political Decay, where he predicted some of the changes the world is about to experience from Trump’s ascendancy to the presidency of the U.S.

Notably, Fukuyama’s seminal work The End of History and the Last Man (1992) posited that the worldwide spread of liberal democracy and free-market capitalism marked the endpoint of humanity’s sociocultural evolution.

He argued that this represented a new world order, characterized by:

1. Globalization

2. Liberal democracy

3. Free-market capitalism

4. International cooperation and institutions

Reading through Fukuyama’s books, it appears to me that his vision was one of increasing global convergence, where countries would adopt similar political and economic systems. That is where Fukuyama’s points diverge from Trump’s “America First” mantra.

While Trump’s policies do reflect some aspects of Fukuyama’s predicted new world order, such as:

1. Emphasis on free-market capitalism

2. Skepticism towards international institutions, it is safe to conclude that the new order being driven by Trump embodies significant elements

of Fukuyama’s predictions.

Trump’s approach is more characterized by nationalism and less emphasis on international institutions, which challenges Fukuyama’s vision of liberal, globalized, and cooperative world order.

And the slew of evidence, including plans to rename the Gulf of Mexico the Gulf of America, make Canada the 51st U.S. state, and take over Iceland from the Scandinavians and Panama as well—voluntarily or by force, as previously referenced—clearly suggests that the return of Donald Trump to the White House as U.S. president is the trigger.

With the influence of his friends and fellow billionaires, Elon Musk and Mark Zuckerberg, who are business titans with global influence, it is not only the political landscape of the U.S. that will change, but also the entire world’s political landscape, as well as the global business ecosystem, which are all long due and are susceptible to change. That is because the global business environment, where both Musk and Zuckerberg wield significant influence, will not be shielded from the wind of change.

In my assessment, it is about time the change, which has impacted all spheres of life, spreads to the system of governance, which has seen democracy remaining as it was founded in Athens, Greece—almost in its original form without significant change.

For too long, the world has been fixated on the orthodoxy of the old world; perhaps it’s about time the world responds to another stimulus that is evolving.

As the conventional wisdom goes: the greatest threat to change is change itself. That is perhaps why orthodox politicians are resisting Trump’s proposed changes.

Pundits argue that the trepidation exhibited by traditional politicians stems from various factors, including ideological differences, concerns about the impact on their constituents, and fears about the erosion of democratic norms.

It is indeed puzzling that while technology and economic systems have undergone significant transformations, democratic institutions have evolved relatively slowly.

One of the reasons for this state of affairs might be that democracy is deeply rooted in tradition and cultural norms, making it harder to reform or revolutionize it, unlike telecommunications, which have transformed from the traditional landline telephone and telegram system under Alexander Graham Bell (the founder of telecommunications) to cell phones and email as well as internet, Facebook, Instagram, and Twitter amongst others.

Also, consider the case of the concept of money, which has been revolutionized from cowry shells to coins, paper currency, and now crypto money.

Another factor could be the inherent conservatism of democratic systems, which often prioritize stability and continuity over radical change.

This can make it difficult for new ideas or unconventional leaders like Trump to gain traction, especially among those who value tradition and predictability.

Ultimately, the tension between preserving democratic traditions and embracing change is a complex issue that depends on various factors, including cultural context, historical experience, and the will of the people.

Tellingly, the will of the people is a strong factor for the imminent change in the political order in the U.S., and by extension, the world. That is because President Trump has, from the get-go, been upfront about his intentions to, if elected president, embark on sweeping changes that will have a profound effect on the affairs of the world in tandem with the belief that when America sneezes, the world catches a cold. So, the world must be prepared to face the complexity of Trump driven new world order.

In conclusion—whether the world likes it or not—Donald J. Trump has returned as the leader of the free world, and humanity must brace up for the change that he has been mandated by American voters to foist on the U.S. and the world.

Governor Ubah

US President Donald Trump

MISSILE

Minister to Children, Women Violators

“Enough is enough, violence against women and children must be stopped with immediate effect. We have a moral and legal obligation to protect our women, children, and other vulnerable groups from all forms of abuse and violence. The reports of violence against children are not only heart-breaking but also a grave violation of their fundamental rights. Every child deserves to live in a safe, secure and nurturing environment...” --Women Affairs Minister, Hajiya Imaan Sulaiman-Ibrahim, warns that enough is enough.

BOLA AHMED TINUBU

I Don’t Care Which Party You Belong, You Are My Friend

PresidentBolaTinubu’svisittoEnugu State on January 4, 2025, was, in many respects, a significant event, specificallyhighlightingthedevelopmental strides by the administration led by Governor Peter Mbah.

During his visit, the president inaugurated severalmajorinfrastructuralprojects,including: Smart Green Schools, healthcare centres, and expansive road networks. These projects are expected to have a positive impact on the state’s economy and the lives of its residents.

Hosted by the Enugu governor, the president’s visit was also seen as an opportunity for Igbo leaders to present their concerns to Tinubu, including the development of the Anambra Basin, which is estimated to hold up to 1 billion barrels of oil and 30 billion cubic feet of gas as well as completion of a rail line linking the eastern part of Nigeria.

Overall, Tinubu’s visit to Enugu State, the first since taking over government about 18 months ago, presented a rare opportunity for the Mbah-led government to showcase to Nigerians and indeed the world, what had been achieved since May 29, 2023. And the governor, many agree, did not fail to impress.

Indeed, the president did not hold back during his speech delivered extempore, underscoring his friendship with the people of the region and his readiness to work with South-eastern leaders. Presented below are

the excerpts of the president’s remarks. Your Excellency, my very good friend, the Governor of Enugu State, Peter Mbah, the other executive governors here present, and I can see our traditional ruler, who was once my neighbour in Victoria Island, the Obi of Onitsha. It’s good to have you, and you are looking well. I thank God for you. Thank God for your life.

The members of the National Assembly here present, and the former Presiding Officers

and Honourable Ministers here present. Let me just do justice to the protocol already established by the governor. He (Mbah) is a man who knows better. He sees tomorrow today. He’s doing a fantastic job. And my dear brothers, Alex Otti and the man who stitched democracy for us all to enjoy, for it to survive, our former Senate President (Ken Nnamani). I can’t forget that memorable time, and that time when a third-term effort was killed. You did not commit murder. You put life into freedom, sustenance and constitutional democracy in our country.

My friend, Arthur Eze, thank you for your generosity. Everything you’ve been doing for family, for my friend; my wife gave me feedback of your contributions and everything, and it went a long way to alleviate the problem of the needy, the vulnerable, and we appreciate who you are. Thank you.

To the former Governor of Enugu State (Ifeanyi Ugwuanyi), thank you very much for all the efforts, both in the past and the support that you have given to the present governor. I appreciate that. We won’t forget you. You are our friend. Thank you for the talent hunt that got Peter Mbah (as governor). It shows so much of the greatness of Enugu State.

No matter how much of a structure, concrete or metal, that you build, without

MAGNUSONYIBE

a good successor, you have got nothing. I’m glad Enugu has a very, very good tomorrow today. And I salute Peter Mbah for his commitment to development. You’ve built up a good team. I’ve reviewed a number of things with you (Enugu governor) in Enugu and Abuja. You’ve encouraged me on the technological advancement of the state and the commitment you have from the private sector.

I know your background. The election is over. We have to move the nation forward. And you are demonstrating that commitment, irrevocable commitment to human development. I don’t care which party you come from. You are my friend.

This is the same for Alex Otti and many of you that are doing well and are very focused. And it’s not about the difference in languages and place of birth. No one of us has control of their mother tongue. You are created by God. You found yourself in Enugu, or you found yourself in Onitsha or you found yourself in Lagos. You are all a member of one big, huge family called Nigeria. But we are living in different rooms in the same house.

This house, we must build it. Build it to satisfy our immediate need, which is not going to be enough yet, but for our tomorrow too.

Hold Your Breath, the Trump Revolution Has Begun

Politics will not be the same again in the United States of America, particularly in Washington, DC, where old-school politicians are keenly watching with trepidation as President Donald J. Trump, on January 20, transitioned from the 45th to the 47th president.

The palpable fear is driven by the impending rollout of his revolutionary policies, intentionally designed to change the old world order to a new one, in line with his Make America Great Again (MAGA) mantra.

As President Trump was inaugurated into office under very chilly weather, a majority of the inhabitants of the U.S. capital, Washington, DC—who form the bulwark of the bureaucracy, infamously referred to as the political ‘swamp’—were particularly hit by the cold, beyond their skin, perhaps to their bones. That is because they represent the swamp in Washington that President Trump has vowed to drain.

As the conventional wisdom goes: the greatest threat to man is change. And President Trump has been quite upfront and unabashed about his change agenda.

So, the draining of the swamp, which is a euphemism for removing the bureaucratic bottlenecks that have been clogging the wheel of government

in the earth’s most powerful and richest nation, has been assigned to the world’s richest man, Mr. Elon Musk, and former G.O.P. presidential contender in 2024, Mr. Vivek Ramaswamy. Apart from Ramaswamy being a politician and billionaire, like Musk, he is also a tech entrepreneur,

and both have been tapped by President Trump to lead the new department that will drive efficiency in government, known as the Department of Government Efficiency (DOGE).

It is not surprising, therefore, that President Joe Biden, who just yielded the mantle of leadership of the U.S.—the nation that prides itself as the greatest on earth—to President Donald J. Trump, derogatorily referred to America’s legendary presidential system of government under Trump as likely being a Boligarchy, a parody of Oligarchy, which is broadly defined as a small group of people (in this case, mainly billionaires) having control of a country or an organization.

This contrasts with or is antithetical to a democratic governance system, which is “Government of the people, for the people, and by the people,” a principle that has been in practice in the U.S. since its founding in 1776.

Was the immediate past president Biden altruistic in indirectly painting the just-evolving Trump administration with a black brush when he gave his farewell speech to the nation last Wednesday (January 15) in the following words?

“Today, an oligarchy is taking shape in America of extreme wealth, power, and influence that threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get

ahead.” Drawing attention to what he sees as danger, Biden stated, “A dangerous concentration of power in the hands of a few ultra-wealthy people and the dangerous consequences if their abuse of power is left unchecked.”

He is clearly alluding to Trump’s association with billionaires such as Elon Musk, founder of Tesla and SpaceX, and Mark Zuckerberg, founder of Facebook (now Meta).

But being an irrepressible politician, the 47th president, Donald Trump, responded in kind to the 46th, Joe Biden, in his ‘victory rally’ held on Sunday (January 19, 2025) in the Capitol, a day before his inauguration on January 20, 2025. President Trump did so by criticizing Biden’s term as a “failed administration” and promised to “end the reign of a failed and corrupt political establishment.”

Continuing, Trump reminded his enthusiastic audience: “Tomorrow, at noon, the curtain closes on four long years of American decline, and we begin a brand-new day of American strength and prosperity, dignity, and pride.”

The trading of barbs between the outgoing and incoming presidents of the U.S.—touted as the

Governor Peter Ubah of Enugu State

US President Donald Trump