Signing Student Loans Act, Tinubu Pledges to Pay Special Attention to Education
Deji Elumoye in Abuja
President Bola Ahmed Tinubu, yesterday, signed the Student
saying he would give deserving attention to education.
The short ceremony held in his office was witnessed by
President of the Senate, Senator Godswill Akpabio; Deputy Senate President, Senator Jibrin Barau; Chief of Staff to the President, Hon
Femi Gbajabiamila; Minister of State for Education, Yusuf Tanko Sununu; and Minister of Youth Development, Ayodele Olawande. Continued on page 12
Tunubu said the new law was enacted to ensure that no Nigerian
Stresses no Nigerian student will be denied access to quality education Says education remains only tool to effectively fight poverty Loans (Access to Higher Education) (Repeal and Re-enactment) Bill 2024 into law at a brief ceremony at State House, Abuja,
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Thursday 04 April, 2024 Vol 29. No 10585. Price:
TRUTH & REASON
A NEW DAY FOR STUDENTS BEGINS...
Deputy Senate President, Jubril Barau; Senate President, Godswill Akpabio; President Bola Ahmed Tinubu; Chief
to President, Femi Gbajabiamila; and Minister of Education, Prof Tahir Mamman, during
signing of
Students Loan Amendment Bill into law, at the Presidential Villa Abuja..... yesterday
GODWIN OMOIGUI Continued on page 12 Continued on page 12 government yesterday increased the rate paid per kilowatt hour (kwh) of electricity from about N68 to N225 for Band 'A' customers, who consistently Channels, the broadcast arm of THISDAY Newspapers, said, Electricity Subsidy: FG Raises Tariffs for Top Priority Customers By 230.8%, N225/kwh
of Staff
the
National
PHOTO:
of Defence Staff,
CDS: Military Legally Deployed Its Men to Okuama Community to Effect Arrest Identifies Endurance Amagbein as mastermind of killing of soldiers Emma Okonji Chief
General Christopher Musa, yesterday, said the military men in Okuama community were legally deployed with a mandate from the Commanderin-chief of Armed Forces, President
Bola Tinubu, to arrest the killers of their colleagues. Musa was reacting to public outcry that the military had invaded Okuama community in Delta State, and had denied them the right to return home, while in search of the killers of the 17 soldiers brutally
murdered last month during a peace keeping mission. But Musa, who spoke on the Morning Show of ARISE NEWS
Page 36
Chuks Okocha, Emmanuel Addeh in Abuja, Dike Onwuamaeze and Ugo Aliogo in Lagos
After
2 THURSDAY APRIL 4, 2024 • THISDAY
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4 THURSDAY APRIL 4, 2024 • THISDAY
Nigeria Customs Service (NCS), yesterday, said in the first quarter of 2024, it demonstrated remarkable performance in revenue collection, collecting a total revenue of N1,347,675,608,972.75. Comptroller General of NCS, Adewale Adeniyi, disclosed this during the first quarter performance briefing by the service in Abuja.
The collection for the first quarter, the NCS boss stated, represented a substantial increase of 122.35 per cent, compared to the same period last year, were N606,119,935,146.67.
He said month-by-month analysis illustrated the service's impressive growth trajectory, stating, "In January 2024, revenue collection surged by 95.60 per cent, reaching N390,824,148,326.55 from N199,809,974,327.52 recorded in January 2023.”
Adeniyi explained that the upward trend continued in February 2024, with a staggering 138.68 per cent growth, elevating revenue collection to N450,209,267,557.15 from N188,625,011,386.87 in February 2023.
He said, "By March 2024, the revenue collected by NCS revenue grew by 132.76 per cent from N217,669,949,432.28 to N506,642,193,019.05. When compared to the federal government's annual revenue target of N5.07 trillion for the NCS to collect in 2024, the target
Dike Onwuamaeze
The Institute of Chartered Accountants of Nigeria (ICAN) has accredited the accounting programmes of 14 universities, three polytechnics and eight tuition training centres, which would exempt their graduates from participating in foundational courses of the ICAN.
The President of ICAN, Dr. Innocent Iweka Okwuosa, explained that the essence of the accreditation was to assure the institute that the curriculum of the universities and polytechnics met its requirements to warrant such exemptions.
Okwuosa, gave the explanation during the “Award of Accreditation/ Recognition Certificates of Tertiary
translates to a monthly revenue target of N423 billion." According to him, "We are pleased to report an average monthly revenue growth of 6.2 per cent over the set monthly target and a cumulative revenue collection of 18.6 per cent, equivalent to N78,675,608,972.75 over the set quarterly target of N1.269 trillion.
"On suppression of smuggling, in the first quarter of 2024, the NCS recorded a total of 572 seizures, encompassing various items valued at N10,593,099,654.50 in Duty Paid Value (DPV). Notably, January saw 111 seizures amounting to NGN 842,992,751.50 in DPV, while February marked the highest seizure numbers of 432, totalling N3,704,703,350.34.
"Rice constituted 39 per cent of the seizures, followed by petroleum products at 26 per cent, with motor vehicles and textiles accounting for nine per cent and six per cent of the seizures, respectively. During this period, the NCS detained 22 suspects, and appropriate legal measures will be taken in accordance with the Nigeria Customs Service Act 2023."
Speaking on trade facilitation, the custom boss maintained that it remained a central focus of the NCS operations. Adeyeye stated, "Despite inherent challenges, we have diligently worked towards streamlining processes, minimising bottlenecks and optimising efficiency
Institutions and Training Centres Ceremony,” which took place yesterday in Lagos.
Among the tertiary institutions that were accredited are University of Lagos, Trinity University Lagos, Abia State University, Akwa Ibom State University, Nasarawa State University, Veritas University Abuja, Institute of Management and Technology, Enugu and Nigerian Army School of Finance, Apapa, Lagos State, etc.
He said; “If your university or polytechnic is accredited you will start ICAN’s programme at the skills level. It means that all the subjects at the foundation level will be waved for you. “But we have to be sure that you
across our ports to ensure seamless trade transactions.
"In the First Quarter 2024, the NCS processed a total of 311,492 Single Goods Declarations (SGDs) for imports, reflecting the volume of import transactions handled. This figure indicates a decrease compared to the total volume of 327,491 processed in 2023 and 403,233 SGDs in 2022. Regarding export transactions, a total of 10,786 SGDs were processed in 2024 compared to 9,752 transactions in 2023, representing a 10.60 per cent growth in export activities.
"Notably, a significant portion
of this growth occurred in January, with 4,067 transactions processed in 2024 compared to 3,352 SGDs in 2023, marking a 29.69 per cent increase.
“The service is particularly interested in the growth of the non-oil export sector, aligning with the priorities of the President Bola Ahmed Tinubu led administration and the initiatives pursued by NCS in recent times.”
Adeyeye also stated that several deliberate factors contributed to the successes around NCS key performance indicators. He said it was important to acknowledge
the dedication and efforts of the officers and men of NCS who had worked tirelessly and around the clock to ensure consistent and upward momentum.
He stated, "NCS officers have played a key role in driving the implementation of initiatives, as evidenced by our performance across the three core statutory responsibilities set by the government.
“Among these initiatives is the introduction of the E-auction generating a total revenue of N1.6 billion in February and March."
Adeniyi said NCS was actively implementing various measures to
address the challenges and one notable initiative was the integration of geospatial technology alongside the utilisation of satellite imagery and artificial intelligence tools and techniques.
He added that these efforts were initiated upon assuming office to combat the longstanding issue of smuggling and enhance NCS's enforcement capabilities for effective monitoring of Nigeria’s extensive 4,000 kilometres borders.
"Additionally, this initiative will establish a command and control centre to monitor activities along our borders comprehensively," he said.
The Edo Refinery has received a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited. The Chief Executive Officer of Decklar Resources, Sanmi Famuyide, who disclosed this in a statement, noted that the company has continued ongoing crude oil injection volumes into the Trans Niger Pipeline for transport to and export from the Bonny Export Terminal.
The refinery was developed by
have passed through the same level of proficiency that would merit your exemption from all the subjects at our foundation level.”
Okwuosa added: “Accreditation enables us to give exemptions to degree holders on some of the subjects ordinarily we would have expected them to write in our initial professional development (IPD) before they become our members and we want to make sure that standard is upheld by the universities, polytechnics and training centres.
the Edo Refinery and Petrochemical Company Limited (ERPC) and was facilitated through a Memorandum of Understanding (MoU) between the Governor Godwin Obaseki-led State Government and AIPCC. It is a 6,000bpd capacity plant, which is being expanded to 21,000bpd. The facility with its feedstock can produce 500,000 litres of diesel, 300,000 litres of Naphtha and 200,000 litres of low-pour fuel oil.
According to Famuyide, “We are very pleased to be announcing the significant milestone of the first crude
they meet ICAN’s standard through accreditations that we confer.”
He also differentiated the ICAN’s accreditation from those granted by the National University Commission (NUC) and the National Board for Technical Education (NBTE) by emphasising that ICAN’s accreditation is solely focused on accounting syllabus of these educational institutions.
oil exports from the Oza Oil
“With continued revenues, the Company’s financial position will improve enabling progress with additional field development activities including
“As we are aware different universities and institutions have different challenges and we do not equate all of them to be the same. Therefore, we have to ensure that
He added that the institute has also introduced another level of accreditation for tertiary institutions under the Mutual Recognition Agreement (MRA), which would enable graduates of these institutions to “proceed to the final level and write only five subjects under the present arrangement.
“What we trying to achieve is to ensure that we address developments in the labour market in Nigeria. Everybody is complaining that graduates no longer fit the necessary skills that are required in the labour market.
“So, the MRA is a tripartite arrangement involving the university and polytechnics, the ICAN and employers.
“We ensure that the curriculum for the degrees will mirror ICAN’s syllabus. And there will be employers that will provide internship for these graduates and later employ them.
“That is how it is done in England and Wales and that is what we want to introduce,” Okwuosa said. Edo
barrels of crude oil currently held in the Bonny Export Terminal tanks.”
THISDAY • THURSDAY APRIL 04, 2024 5 NEWS Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0809 7777 322, 0807 401 0580
James Emejo and Kasim Sumaina in Abuja
15,000 Barrels of Crude from Oza Oil
2024
Accredits 25
for Training
Refinery Receives
Field in
ICAN
Tertiary Institutions, Tuition Centres
Accountants
re-entries and drilling plans. In addition, the approximately 8,000 barrels of crude oil Decklar and Millenium previously delivered to the Forcados export terminal is expected to have a vessel nomination in the next few weeks with export and sales coming thereafter.” Noting that the crude oil produced from the field was sold to Shell Western Supply and Trading Limited (Shell), he said: “Crude oil production from the Oza Oil Field through the TNP to the Bonny Export Terminal is being sold to Shell Western Supply and Trading Limited (Shell). “Crude oil held in storage at the Oza Oil Field and crude oil being produced into storage tanks from the Oza-1 and Oza-4 wells is being transported by truck a short distance in-field to the transfer pumping station at the Oza Oil Field for injection into the TNP. “The first crude oil export cargo of 15,000 bbls to Shell was loaded on board a vessel with a bill of lading date of February 7, 2024, with sales proceeds expected in the last week of March. Decklar and Millenium are expecting another crude oil export nomination notice from Shell before the end of March 2024 for the export of another 15,000
the TNP
Bonny
crude oil
trucked
the local refinery customer in Edo State. “The restoration
continued
the Trans Niger Pipeline connection between the Oza Oil Field and the Bonny Export Terminal and delivery and sales of crude oil to the local refinery has allowed Decklar and Millenium to deliver a steady stream of crude oil to market and to generate a continuing revenue stream.
Chairman, ORIGIN Tech Group Nigeria, Prince
Minister of Agriculture and Food Security, Senator Abubakar Kyari, CON; and GM, ORIGIN Tech Group, Agri-Foods
Dr.
a
Tech
to the
in Abuja on the proposed National Food Production Expansion Programme from 50m tons to 100m tons.
N1.35 Trillion
Q1
Recorded total of 572 seizures Rice constitutes 39%, petroleum products 26%
Field through
and
Export Terminal. In addition,
is still being
to
and
operation and availability of
COurtESy viSit by OriGiN tECh GrOup MaNaGEMENt tO aGriC MiNiStEr... L-R:
Samuel Joseph Samuel;
Business,
Eric Alao; during
courtesy visit by ORIGIN
Group Management
Honourable Minister
Adeniyi: NCS Generated
in
2024
AROGUNDADE DECLARES OPEN THE UNLOCK TRAINING PROGRAMME...
L-R: Entrepreneurship Trainer in the SSA’s office, Bukola Mayie and the Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, Madam Abiola Arogundade during the opening of the Unlock Training Programme at the SSA-TVEE’s office Asokoro, Abuja ... yesterday
CBN Sells N676.65 Billion at First OMO Auction in April
Naira continues to strengthen against dollar, reaches N1,262/$1 at official market
Nume Ekeghe and Kayode Tokede in Lagos
The Central Bank of Nigeria (CBN) has intensified efforts to manage money supply by conducting its first Open Market Operations (OMO) auction in April 2024 and selling N676.65 billion in the process.
There was significant interest from investors in the 363-day OMO auction by CBN, with subscriptions reaching N1.16 trillion, thus oversubscribing the N350 billion bills offered.
The apex bank sells the OMO bills at a high of 21.13per cent, marking it another record high for the institution as it determined to tackle inflation rate and stabilise the local currency. The CBN’s total sales for the 365-day OMO auction stood at N652.40 billion.
The 188-day bill also had N75 billion on offer, but saw a lower subscription of just N20.25 billion, with a stop rate of 19.5 per cent and only N7.25 billion sold.
For the 97-day bill, N75 billion was made available, with N17
billion subscription by investors at a stop rate of 19 per cent. The CBN, however, sold N17 billion on 97-day OMO offered April 3, 2024.
The central bank’s aggressive OMO auctions reflect its proactive approach to controlling liquidity in the economy. By selling bills at high-interest rates, it aims to mop up excess money supply, which is crucial for combating inflation and supporting the exchange rate.
The high interest rates also indicate the central bank’s com-
mitment to making Nigerian securities attractive especially to foreign investors, thereby drawing in capital that can help stabilise the financial market.
The auction in April 2024 is the first since the CBN’s Monetary Policy Committee raised the Monetary Policy Rate (MPR) to 24.75 per cent in March 2024.
The CBN Governor, Mr. Olayemi Cardoso, had explained strategy to curb v rising inflation rate, stabilise the exchange rate, and spur confidence in the banking
AfDB: Nigeria’s Debts Sustainable, Advocates Revenue Boost
Advises country to tap global green financing opportunities
Nume Ekeghe
The Chief Economist and Vice President for Economic Governance & Knowledge Management at the African Development Bank (AfDB) Prof. Kevin Chika Urama, has reaffirmed Nigeria's debt was sustainable.
He said this in response to THISDAY’s enquiry, during a virtual pre-annual meetings press conference yesterday.
He also praised the federal government's efforts in revenue generation while calling for further action.
However, he emphasised the importance of addressing the debt-to-revenue ratio to ensure fiscal stability and forward momentum.
Furthermore, he noted the need for Nigeria to tap into global green financing opportunities, saying access to green financing in Africa remains relatively low, with only a fraction of available global green bonds being accessed by African countries.
He pointed out that Nigeria and other nations with stronger infrastructure and human capacity have a better chance of accessing climate financing instruments.
Urama said: “Nigeria’s the debt- to-GDP ratio is still sustainable. But the issue with Nigeria is with regards to debt-to-revenue ratio, and that is why the government of the country is driving and doing quite a lot to improve revenue mobilisation in the country and by increasing the revenue mobilisation then they will be able to rebalance that ratio and be able to move forward.
“Now one point I need to make clearly is that debt is not a bad thing. Debt for growth is always a means of driving transformative growth in countries. And the issue is not about debt, but about the quality of the debt in terms of what terms you borrow, and how transparent they are.
“And then what do you use that borrowings, the resources borrowed to do? If it is invested in growth-enhancing infrastructure and productive infrastructure, you are going to be able to generate revenue to be able to repay the loans but still also grow your economy. And that is how most countries grow.”
He noted that the upcoming annual meetings of the AfDB would focus on how Nigeria and other African countries could tap into the
green financing globally.
He charged Nigeria and other development African countries to take the lead.
Urama said: “Now on the issue of green bonds, I can tell you, in general, that access to green financing and green bonds in Africa has been low compared to the other regions. It is below 2 per cent of the global green bonds that are available and has been accessed by Africa
“And one fact that is there is that countries that are at higher growth trajectories countries like South Africa, Nigeria, Kenya, and many other countries, Egypt, Morocco, and the rest of that are better developed in terms of infrastructure and human capacity in the ministries have greater chances of accessing those climate financing instruments than others.
“But how we access climate finance in Africa and how we relate with the global financial architecture in Africa is at the centre of these knowledge events that we're going to be having.”
Furthermore, speaking on the upcoming meetings, he added: “We are going to be having those knowledge events, be part of the discussion be part of the debate,
and also the dissemination of the knowledge that will come out because the current structure as it is laid out, does not allow many African countries to access them and scale to be able to address the climate challenges that we have but also address structural transformation on the continent.”
sector and economy at large.
He had further highlighted in the meeting with investors an outlook for sustained increases in the CBN’s foreign currency reserves, improved liquidity in the foreign exchange market, and imminent settlement of the remaining backlog of genuine Foreign Exchange transactions by the CBN.
According to him: “The CBN is committed to supporting price stability by taking the necessary measures to increase liquidity in the foreign exchange markets sustainably.
“Our focus is on building a fully functioning market that al*lows smooth entry and exit for investors.”
For two consecutive weeks, the Nigerian naira has shown resilience against the US dollar, demonstrating gains both at the official and parallel markets.
At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira closed at N1262.85/$1 yesterday, a gain from its previous close at N1,278.58/$1 on Tuesday, reflecting a gain of N15.73.
Similarly, on the parallel market, the naira sustained its upward momentum, trading at N1,245/$1 compared to N1,250 exchanged on Tuesday, representing a gain of N5.
The daily turnover saw an increase, reaching $166.18 million yesterday, in contrast to the $111.18 million earlier recorded, indicating a notable surge of 49.4 per cent.
Furthermore, the highest spot rate observed yesterday stood at N1,296, with the lowest spot rate recorded at N1,210.
Meanwhile, for two consecutive weeks, the Nigerian naira has shown resilience against the US dollar, demonstrating gains both at the official and parallel markets.
At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira closed at N1262.85/$1 yesterday, a gain from its previous close at N1,278.58/$1 on Tuesday, reflecting a gain of N15.73.
Similarly, on the parallel market, the naira sustained its upward momentum, trading at N1,245/$1 compared to N1,250 exchanged, representing a gain of N5.
The daily turnover saw an increase, reaching $166.18 million yesterday, in contrast to the $111.18 million recorded on Tuesday, indicating a notable surge of 49.4 per cent.
Furthermore, the highest spot rate observed yesterday stood at N1,296, with the lowest spot rate recorded at N1,210.
$350m, N85bn Loans: Go after El-Rufai, Shehu Sani Tells Kaduna State Govt
Chuks Okocha in Abuja
Ripples of the debt crisis in Kaduna State continued yesterday, as Senator Shehu Sani, a former Kaduna Central lawmaker has asked the state government to go after former Governor Nasir El-Rufai over the state’s huge debt profile.
The governor, Senator Uba Sani, had last week cried out that the state cannot pay workers’ salaries and pensions because of huge debt burden that he inherited from the last administration led by El-Rufai The former lawmaker called
Governor Uba Sani to constitute an independent probe panel to investigate the immediate past administration over the huge debt it left behind.
Governor Sani had said he inherited a debt burden of $587 million, N85 billion and 115 contractual liabilities from the El-Rufai administration.
The Governor stated this while speaking at a Town Hall meeting over the weekend in Kaduna. The governor had said the huge debt profile made it difficult for him to pay workers’ salaries.
However, Shehu Sani wrote further: “The looting of Kaduna State cannot be remedied by revelations alone but by courageously constituting a probe panel headed by an independent professional accountant or auditor who will invite and investigate ex-government officials and their proxy contractors to account for the millions in dollars and billions in Naira that were misused or outrightly stolen, including the $350 million loan. “Kaduna State is at its hour of reckoning with the truth I foretold and the truth for which I was vilified.”
6 THURSDAY, APRIL 04, 2024 • THISDAY NEWS
THURSDAY APRIL 4, 2024 • THISDAY 7
8 THURSDAY APRIL 4, 2024 • THISDAY
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CHRYSTALLIS LIVE GOOD MORNING WORKSHOP IN LAGOS...
L-R: Founder, Lagos Fashion Week, Omoyemi Akerele; Linkedin Visibility Expert, Glory Edozien; Chrystallizer-in-Chief, Kemi Ogunleye; Executive Presence Coach, Ifeoma Williams; and Head, Communications & Marketing, Nigeria Breweries, Sandra Amachree, at the Chrystallis Live Good Morning workshop in Lagos... on Monday
US Diplomatic Mission in Nigeria Restates Commitment to Advancing Women’s Rights
Confers ‘Woman of Courage’ award on Usiobaifo
Michael Olugbode in Abuja and Ugo
Aliogo in Lagos
The United States Diplomatic Mission in Nigeria, has restated its commitment to advancing women’s rights, even as it named the Executive Director of Braveheart Initiative for Youth and Women (BHI), Ms. Priscilla Ikos Usiobaifo, as its 2024 Woman of Courage.
A statement by the US Diplomatic Mission, noted that the March 27 award ceremony in Abuja, recognised Usiobaifo’s two decades of unwavering contribution to reforming laws and dismantling socio-cultural norms perpetuating gender-based violence in Nigeria.
In his remarks, the Acting Deputy Chief of Mission, Art Brown, revealed that preventing and responding to all forms of gender-based violence was a cornerstone of the United States government’s commitment to promoting democracy and advancing human rights, as it works with Nigerian partners to dismantle the barriers and impediments to gender equality.
“This year’s theme for International Women’s Day is ‘Invest in women: accelerate progress.’ I'm proud of the United States government's longstanding investment in women.
“Together with the government of Nigeria and our local partners, we have made significant investments in the lives of Nigerian women and girls, particularly in health, enterprise, and ending all forms of gender-based violence,” he added.
The US Embassy conferred the award as part of activities celebrating the 2024 Women History Month, in keeping with the US government’s commitment to recognise and celebrate individuals advancing gender equality and equity.
Brown added: “This year’s International Women’s Day theme calls on all stakeholders to prioritise women and girls. Ending all forms of gender-based violence requires a whole-of-society approach to address the deep-seated socio-cultural norms underlying gender-based violence in Nigeria.
“Today, we're delighted to celebrate and amplify the work of a woman who is a fierce advocate for women’s rights.”
In her acceptance remarks, Usiobaifo, lauded the US Mission for spotlighting her work and pledged to do more for women and girls.
According to her, “Young women, especially those who work in rural communities, can be unrecognised
because of the locality of the work that we do. But here I am today as a testament that no matter where you are and where you do your work, your work speaks, and it speaks very loudly. “I want to see this as a spur to do more for women for girls, for children in marginalised communi-
ties in Nigeria. I hope that an award like this will inspire government to become more accountable to their citizens and to promote justice for survivors of gender-based violence in Nigeria.”
Senate Committee Chairperson on Women Affairs, Senator Ireti Kingibe, commended the US Embassy for the
recognition, adding that it would motivate other young women to continue to do their best.
The Federal Capital Territory (FCT) Mandate Secretary for Women Affairs, Mrs. Dayo Benjamin-Laniyi, congratulated Usiobaifo for her courage and reiterated the commitment of the FCT to end gender-based violence.
The Woman of Courage award recognises women who have taken unusual risks, surmounted significant obstacles, challenged harmful practices, and/or fought discrimination or disinformation in their efforts to defend and promote progress in their societies.
WHO, PSHAN to Establish Standard PHCs in 774 LGAs in Nigeria
Onyebuchi Ezigbo in Abuja
As part of an innovative drive to improve healthcare delivery in Nigeria, the World Health Organization (WHO) is set to sign a Memorandum of Understanding (MoU) with the Private Sector Health Alliance of Nigeria (PSHAN). The MoU is to facilitate the execution of a collaborative project that will see to the establishment of at least one global standard Primary Healthcare Centre (PHC) in each of Nigeria’s 774 Local Government Areas.
A statement signed by the Manag-
ing Director of PSHAN, Dr. Tinuola Akinbolagbe said the objective of the initiative is to leverage the strengths and resources of both partners to address pressing health challenges and improve health out comes across the country.
"This is a project collaboration signing ceremony between the WHO and PSHAN. This collaborative project aims to establish at least one globally standard PHC) in each of Nigeria’s 774 Local Government Areas in line with the guidelines of the National Primary Heath Care Development Agency (NPHCDA) and Nigeria Health Sector Renewal
Shettima Inaugurates iDICE Technical Committee, Says It’sDawn of New Era in Nigeria
Deji Elumoye in Abuja
Vice-President Kashim Shettima has inaugurated a technical committee to kick start the Investment in Digital and Creative Enterprises (iDICE) Programme, describing the development as the dawn of a new era in Nigeria.
The iDICE Programme, a collaborative effort between the government and international partners, including the Bank of Industry (BoI), African Development Bank (AfDB), French Development Agency (FDA) and Islamic Development Bank (IDB), aims to nurture and empower enterprises in the digital and creative sectors.
The National Economic Council (NEC) had in its last meeting in March endorsed the implementation of the $617.7 million i-DICE programme in the 36 states of the federation and the FCT.
Speaking at the inauguration of the Technical Committee of
the iDICE programme at the State House, Abuja, Shettima expressed optimism about the initiative's potential to redefine the nation's digital and creative landscape.
According to him, "We embark on a journey of innovation, collaboration, and boundless opportunity – a journey that holds the power to redefine the trajectory of our nation's digital and creative landscape."
The vice-president revealed that the Ministry of Finance hadbeen mandated to ensure the expeditious disbursement of funds for the iDICE Programme, paving the way for its swift implementation.
He highlighted the significance of the partnerships forged with institutions, describing them as a "convergence of vision and purpose" in pursuit of shared prosperity. Shettima commended the preparations undertaken by the Ministry of Finance and partners, affirming the programme's readiness to unleash its full potential.
“With every condition precedent met, we stand poised to unleash the full force of iDICE upon the world,” he said.
He applauded the accomplishments of the programme coordination Unit over the past year, including its establishment, procurement of fund managers, and engagement with ecosystem stakeholders, describing them as a testament to Nigeria's indomitable spirit of innovation.
The iDICE programme, according to the VP, represents a catalyst for transformation, a beacon of hope for future generations.
Earlier, the Special Adviser to the President on Economic Matters (Office of The Vice President) and chairman of the Technical Committee on the iDICE programme, Tope Fasua, noted that iDICE's substantial financial backing underscores the programme's potential to drive transformative change in Nigeria's digital and creative sectors.
“The selection of fund managers for the iDICE programme is being conducted through an open and transparent process, guided by the African Development Bank (AfDB). This approach aims to ensure that the best-qualified firms are entrusted with managing the programme's financial resources,” he said.
According to him, the AfDB has completed all necessary documentation and is ready to disburse funds, subject to agreed terms.
"Similarly, the French Development Agency (AFD) has signed the required documents, pending internal processes. The Islamic Development Bank (ISDB) is in the final stages, with one last document awaiting approval from the Ministry of Finance.
"With the groundwork laid, the committee anticipates the first drawdown of funds on April 15th, marking a significant milestone in the programme's implementation," he further noted.
Investment Programme.
"With this partnership, we aim to leverage the strengths and resources of both partners to address pressing health challenges and improve health out comes across the country.
"The collaboration between WHO and PSHAN signifies a significant milestone in our collective efforts to enhance healthcare delivery through primary Health Care delivery.
"With this partnership, we aim to leverage the strengths and resources of both partners to address pressing health challenges and improve health outcomes across the country," he said
FG, EU Collaborate to Reduce Environmental Waste in Nigeria
Michael Olugbode in Abuja
The European Union (EU) has announced that it is collaborating with the federal government to reduce environmental waste in Nigeria.
This year, the EU is joining the Federal Ministry of Environment, including other stakeholders around the globe to mark the International Zero Waste Day in Nigeria. This is the first time that the Day is being marked following its proclamation by the United Nations General Assembly last December.
Speaking during an event in Abuja to commemorate this year's International Zero Waste Day with the theme: “Beat Waste,” Deputy Ambassador, European Union Delegation to Nigeria and ECOWAS, Zissimos Vergos, said this year’s event prioritises the need to reduce waste
“This year’s theme ‘Beat Waste’ underscores the top priority to prevent waste from being created in the first place. The International Day of Zero Waste highlights both the importance of bolstering waste management globally, and the need to promote sustainable consumption and production patterns.
“Every year humanity generates between 2.1 billion and 2.3 billion
tonnes of municipal solid waste. However, global waste management services are ill equipped to handle this, with 2.7 billion people lacking access to solid waste collection and only around 60 per cent of municipal solid waste being managed in controlled facilities,” he said.
Vergos explained that waste pollution does not only significantly threaten human wellbeing and economic prosperity, but that it is part of the triple planetary crisis of climate change, nature and biodiversity loss, and pollution.
He decried that without urgent action, annual municipal solid waste generation will hit 3.8 billion tonnes by 2050.
He said: “Recognising this major challenge, the European Union initiated the Global Alliance on Circular Economy and Resource Efficiency (GACERE), spearheaded by the EU and UNIDO, with support from the United Nations Environment Programme, and also joined by Nigeria. The initiative fosters international collaboration to address plastic pollution, including in the marine environments.
“It is in that vein that we partner with the Federal Ministry of Environment, currently co-chairing the Nigeria Circular Economy Working Group together with UNIDO."
10 THURSDAY, APRIL 04, 2024 • THISDAY NEWS
THURSDAY APRIL 4, 2024 • THISDAY 11
FG Recommits to Raising Crude Output as OPEC+ Keeps Production Unchanged
Oil nears $90 a barrel
Emmanuel Addeh in Abuja
The federal government yesterday announced that it conformed with the quota allocated by the Organisation of Petroleum Exporting Countries (OPEC) in January and February, but noted that it was willing to raise output for the nation’s ‘prosperity’.
Also, a meeting of senior OPEC+ ministers kept oil output policy unchanged and pressed some countries to increase compliance with output cuts, a decision that spurred international crude prices to their highest in five months at nearly $90 a barrel.
A ministerial committee of the OPEC and allies led by Russia, known as OPEC+, met online yesterday to review the market and members' implementation of output cuts, Reuters reported.
enjoyed 20 hours of supply daily.
Announcing the increment in Abuja, the power sector regulator, Nigerian Electricity Regulatory Commission (NERC), stated that only about 15 per cent of the over 12 million registered power customers would be affected by the new decision.
But Centre for the Promotion of Private Enterprises (CPPE) and Senator Shehu Sani said the 300 per cent tariff increase all in one go was indefensible.
On his part, National President, National Union of Electricity Employees (NUEE), Engr. Adebiyi Adeyeye, urged President Bola Tinubu to declare a state of emergency in the power sector.
According to NERC, the decision to raise tariff would also relieve the federal government of the burden of paying N240 billion per month and N2.9 trillion per year as electricity subsidy.
The federal government recently reintroduced subsidy payment in the power sector, citing the need to protect vulnerable Nigerians who were already suffering the effect of soaring inflation occasioned by fuel subsidy removal as well as the collapse of the foreign exchange (FX) market.
Vice Chairman of the commission, Musiliu Oseni, who stood in for the chairman, Sanusi Garba, during the press briefing, stated that only a fraction of the over 3,000 Distribution Companies (Discos) feeders, that is less than 500 feeders, would be impacted.
Present at the meeting also were NERC commissioner in charge of legal, licensing and compliance, Dafe Akpeneye, as well as Commissioner, Planning, Research and Strategy, Dr. Yusuf Ali.
Oseni revealed that NERC had
“What we have on the ground in Okuama community is a joint task force, comprising the Army, Navy, Airforce, Police, DSS and other security agents.
“So it is a joint investigation team and the army is not doing it alone. We have heard comments from different people saying the army has taken over the community, but what they do not understand is that it is a joint task force carrying out the investigation.
“Once we have been deployed to operate, we have all the rights to effect arrest. So, the taskforce, which the army is also part of, was deployed legally to effect arrest and not to intimidate innocent people.”
He said the military team that went on the tragic peace-keeping were not armed. That was why they were surrounded, shot and killed and their bodies dismembered, he said.
He said the military was established to protect Nigeria and Nigerians and would not take it lightly when its men are brutally murdered for no just course.
He identified one Endurance Amagbein as the mastermind of
Oil has rallied this year, driven by tighter supply, attacks on Russian energy infrastructure and war in the Middle East. Brent crude rose to trade near $90, its highest since late October 2023, after the meeting ended.
OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) until the end of June to support the market.
“The 53rd meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 03 April 2024. “The JMMC reviewed the crude oil production data for the months of January and February 2024 and noted the high conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC).
also ordered that majority of the feeders, which did not meet the 20 hours supply threshold before now, would be downgraded to lower bands in a bid to protect consumers from exploitation.
The vice chairman explained that for now, tariffs for every other bands remained unaffected.
A THISDAY calculation of the new rate showed that it was hiked by as much as 230.8 per cent per kwh.
Oseni recalled that last year, the commission received an application from the Discos for a review of their rates, explaining that as part of the rules, it conducted hearings where all stakeholders were present.
He said, “Tariffs were frozen as of December 2022, and the payments to the generation companies are significantly going down relative to their cost of operations. We have about 75 per cent of our generation coming from thermal generation companies.
“About 25 per cent comes from hydro, making use of God-given water. You may think that water is God-given, but the measures put in place for processing the water into electrons requires investment and has to be recovered. And even aside from that, there are water rates payable by the hydro generators.
“So on the basis of price of gas, which was as of December 2022, $2.18, but when you look at that $2.18 as at that time, based on the rate, it amounted to maybe $900 or $1000, depending on the FX rate used at the time.
“But fast track to December 2023, if you convert the same $2.18 into naira, you know how much it is, based on the FX rates, and that speaks to the change in the cost of operation.”
He said at the time the FX rate was about $400, it was being heavily
the killing of the officers and soldiers.
He stated, “The killing of the 17 soldiers was premeditated because a group of criminals, cultists, militants, decided to take laws into their hands."
He said, “He (Endurance) is actually the mastermind. He is the one who actually planned and executed this with his boys. And you know they have a lot of issues of cultism within the general area. And again, like I always say, because they were making money illegally, they feel that they are above board, they have so much money that they can do whatever and they buy whoever it is that they can. “But that’s one mistake they made. I think they’ve tried the wrong guys. And this time around, the full weight of the law is coming after him and his own team.”
The CDS described in graphic details the barbaric killing of the military personnel: “They killed the commanding officer and his team while on a peace keeping mission, and that is unacceptable. We are happy that the Commander-in-chief of the Armed Forces has given us his mandate to arrest the killers.”
“The committee welcomed the Republic of Iraq and the Republic of Kazakhstan pledge to achieve full conformity as well as compensate for overproduction. The committee also welcomed the announcement by the Russian Federation that its voluntary adjustments in the second quarter of 2024 will be based on production instead of exports.
“Participating countries with outstanding overproduced volumes for the months of January, February and March 2024 will submit their detailed compensation plans to the OPEC Secretariat by 30 April 2024.
“The committee will continue to monitor the conformity of the production adjustments decided upon at the 35th meeting held on 4 June 2023, and the additional voluntary production adjustments announced by some participating OPEC and
subsidised by the federal government. Oseni added that it meant that there were two different sets of subsidies on the power sector then. He argued that because of the liberalisation of FX market, there had been a unification of FX rates, with the “hidden subsidy” now fully gone.
Oseni further explained that at the moment, Generation Companies (Gencos) were unable to make payment for gas, resulting in reduction in gas supply to the power sector, since there was competitive demand for gas. He stressed that the issue had compounded the performance of the sector and led to the dip in generation recently.
He stated, “You recall we classified customers on the basis of the hours of service, where you have band A, band B, band C, band D and band E, based on the service level. So, the commission went to review the performance of those figures, leveraging on technology to be able to monitor the performance of the
missed out on quality education, on account of poverty or lack of opportunity.
He said the law, which was structured out of one of his social safety net plans dedicated to reordering how wealth was distributed in the country, was aimed at emphasising his belief that education was the primary tool to effectively fight poverty.
The Student Loan (Access to Higher Education) Act 2023 was initially signed into law by President Tinubu on 12th June 2023, with the Act establishing the Nigerian Education Loan
The heavy presence of the military in Okuama community had drawn widespread condemnation from Nigerians, who said in the name of effecting arrest the military were over-doing things.
Some criticised the entire military operation in the civilian locality, saying the Nigerian constitution and the Armed Forces Act do not give the military the power to investigate and prosecute, as those responsibilities belong to the police.
But Musa believed the military was engaged in a legitimate operation. He claimed the military would not do anything to impede the rights of the people of the community.
According to him, “The military appreciates Nigerians for commiserating with the armed forces for the loss of our gallant soldiers. I received condolence messages from within and outside of the country over the death of our soldiers and we appreciate them for their concern.”
He insisted said the military had the mandate to effect arrest in Okuama community and was doing so as a team in conjunction with a taskforce.
participating non-OPEC countries in April 2023, and the subsequent adjustments in November 2023 and February 2024.
“The committee will continue to closely assess market conditions and noted the willingness of the DoC countries to address market developments and their readiness to take additional measures at any time building on the strong cohesion between OPEC and participating non-OPEC oil-producing countries. The next meeting of the JMMC is scheduled for 01 June 2024,” a statement thereafter released by OPEC stated.
Data from S&P Commodity Insights, known as Platts, showed the group overproduced by a net 275,000 bpd in January and by 175,000 bpd in February. Platts is one of the secondary sources used
feeders on near real time.
“And on that basis, the commission has decided that many of the feeders that the distributors currently brandish as band A are not meeting the band A service, and as such, the feeders have been ordered to be downgraded immediately as a way of protecting consumers.
“We have over 3,000 feeders, that is, Disco’s feeders. Initially, we had over 875 feeders as band A, based on the classification by the distribution company. But upon reviewing those feeders' performance, the commission has reduced it to under 500 feeders now, which qualify as band A, that is, the feeders that are currently meeting the 20 hours average service.
“So, when you look at that the over 480 feeders, that is, under 500 feeders, vis-a-vis the over 3,000 feeders we have, the computation shows that you have just 17 per cent of the total feeders of the distribution companies now qualified as Band A feeders.
“And in that case, when you look at that 17 per cent, it is estimated that
Fund (NELFUND) to supervise, coordinate, administer and monitor the management of student loans in Nigeria.
The administration of the fund was vested in a special committee, with Governor of the Central Bank of Nigeria (CBN) as Chairman, who would implement the committee's executive decisions and appoint a secretary to assist him.
However, due to a number of challenges identified with the Student Loan (Access to Higher Education) Act 2023, the Students Loans (Access to Higher Education) (Repeal and Re-Enactment)
He said, “The operation of the taskforce is regulated, otherwise it could have been a situation where we would have brought down the entire community flat. We did not go to that level, because we knew that not all the community members were involved in the killing of the soldiers.
“But we are also aware that people in the community are aware of the killing and they know the killers, and so that makes them complicit in the matter. What we are doing is to thoroughly search the community for illegal weapons and to effect arrest.
“The traditional ruler that was declared wanted and willingly submitted himself to the police for investigation, should be commended, and we expect others that have been declared wanted to equally surrender on their own accord.
“We will investigate them and handle the matter fairly. We are not irresponsible military that will go about killing people, but the truth is that if they have not tempered with our own gallant soldiers, we would not have come out in the first place.”
by OPEC+ to assess its members' production.
Gabon, Iraq and Kazakhstan were the main members that produced above their quotas for the two months, the survey said.
When the voluntary curbs expire at the end of June, the total cuts by OPEC+ are set to decline to 3.66 million bpd as agreed in earlier steps starting in 2022.
After the meeting attended virtually by the Minister of State, Petroleum (Oil), Senator Heineken Lokpobiri, the minister stated that although Nigeria was committed to conformity to OPEC quota, it was also interested in ramping up oil production.
“Reviewing the January and February production quota of OPEC and Non-OPEC countries of the Declaration of Cooperation
just under 15 per cent of customers are benefiting from those feeders, that is, are currently connected to those feeders.
“So, on the basis of that, only less than 15 per cent of customers will be affected by any rate increase that the commission will ever approve for the distribution companies.
“Further to that, the commission has issued an order, which is titled, “April 2024 Supplementary Order,” and takes effect from today, and in that order, the commission has approved a rate review of N225 per kilowatt hour for just under 15 per cent of the customer population in the sector.”
Oseni stressed. that there were certain locations where, without any additional investments, the distribution companies and also the transmission companies, based on the investment already made, could deliver a minimum of 20 hours per day.
The vice chairman explained that other customers would not be neglected, but would still continue
Bill 2024 was proposed to resolve the identified challenges.
It was thereafter sent to the National Assembly, which recently passed the revised bill for the assent of the president.
After signing the bill into law, Tinubu said, “I have just signed a bill proclaiming the student loans effectively. First of all, I must thank members of the National Assembly for their expeditious handling of this bill, considering the children of Nigeria that education is the tool to fight against poverty effectively.
“We are determined to ensure that education is given the proper attention necessary for the country, including skills development programmes. This is to ensure that no one, no matter how poor their background is, is excluded from quality education and opportunity to build their future.
“We are here because we are all educated and were helped. In the past, we have seen a lot of our children dropped out of colleges and given up the opportunity. That is no more, the standard and the control is there for you to apply, no matter who you are, as long as you are a Nigerian citizen.”
Minister of Education, Professor Tahir Mamman, stressed that the new law gave opportunities to Nigerians, especially the indigent, to acquire quality education and for those interested in skills acquisition.
Mamman stated, “This is a very great day for the country, great day for education, great day for Nigerian students, who have great need for support. We want to thank Mr President for his compassion and passion for the downtrodden, who are the beneficiaries of this scheme.
Sen. Heineken Lokpobiri
(DoC) at the 53rd Meeting of the JMMC, we are in conformity with OPEC quota.
“While maintaining conformity, we must prioritise our nation's prosperity. Thus, we remain committed to our objective of increasing production. This strategic decision aligns with our vision for economic growth and energy security.
“As we navigate dynamic market conditions, our resolve to optimise production remains unwavering, ensuring sustainable development for our nation and contributing positively to the global energy landscape,” Lokpobiri said on his X handle.
to get service for not up to 20 hours.
According to him, apart from monitoring by NERC, Discos would henceforth be compelled to provide data on supply from their feeders.
As part of the enforcement and monitoring and evaluation mechanism, he said Discos had been mandated to set up a rapid response team in different locations where the feeders were going to be affected by the rate review.
“The other thing we put in the order is that for a failure to meet the service commitments for seven consecutive days, the feeder will be downgraded immediately to the service level that the Disco is able to provide on that feeder,” he added. NERC said if nothing was done, subsidy could soar to N2.9 trillion by the end of the year, at N240 billion per month.
The regulator said, “As a result of that, subsidies are then going up and it reached a point where in January of this year the subsidy was N240
Continued on page 36
“Now, the days when students will be struggling to sponsor themselves in their various educational endeavours are over, both at the tertiary and those who are seeking skills, who are seeking to be skilled, to be empowered and to move on with their lives. It’s a very great day for the country.”
President of the National Association Nigerian Students (NANS), Lucky Emonefe, thanked Tinubu for staying faithful to his promise of making education available through the student loans scheme.
Describing the president as the father of modern education in Nigeria, Emonefe said, “This is commendable. As for Nigerian students that are represented here, we’re happy, we’ve seen Mr President’s commitment to the development of education and today the entire education system is happy; the Nigerian students, particularly, we’re happy, our parents are happy, that, yes, in Nigeria, even the children of the poor can have access to quality education.
“We’ve seen Mr President’s commitment at the signing of the bill today. It shows that Mr President is the father of modern education in Nigeria and the initiator of this bill. He’s a hero of education, so we’re happy.
“We’ve never seen this before, the education system in Nigeria will have a turnaround and we say that this is a happy moment for us, we’ll celebrate this. We are thanking Mr President for this commitment, he made the vow and today it has come to fulfilment so we are happy.” Emonefe challenged managers of the loan scheme to ensure its effective implementation.
twelve 12 THURSDAY, APRIL 04, 2024 • THISDAY
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THURSDAY APRIL 4, 2024 • THISDAY 13
CELEBRATING WOMEN...
L-R:
Navy Uncovers Illegal Diesel Depot Worth N500m in Lagos
Sunday Ehigiator
In furtherance of its commitment to curb the activities of illegal oilbunkers in the country, the Nigerian Navy Ship (NNS) Beecroft Apapa, yesterday, arrested no fewer than three suspects operating an illegal Automotive Gas Oil (AGO) also known as Diesel, worth over N500 million, at Ariyo Street, Jakande, off Lekki area of Lagos State.
However, the Navy has since handed over the investigation, alongside suspects, and recovered product to the Lagos State Command of the Nigeria Security and Civil
Defence Corps (NSCDC)
According to THISDAY findings, the suspects who operate under an unregistered company called, ‘Ahmed Ariyo and Sons Nigeria Limited’, have been running the illegal AGO depot as a family business, for approximately five years, with Mr Ahmed Ariyo as the prime suspect, alongside his two sisters (name undisclosed) and other suspects still at large.
Preliminary investigation by the Commander, NNS Beecroft, Commodore Rafiu Oladejo, further disclosed that the illegal deport if filled could house products worth
over N500 million
According to him, “ It is worrisome that an apartment of this nature is serving as an illegal fuel depot undermining the economic and security implications on lives and properties for the general area should there be a case of fire disaster.
“In this facility, we have eight 50,000-capacity tanks, but they are not all filled. Cumulatively, in the eight tanks, we have about 57,000 litres of AGO, another tanker filled with about 7,000 litres of the same product and the white bus, which gave us the lead to this place is filled with 30 jerricans of 50 litres
of AGO each.
“That gives us about 1,500 ltrs. So, in all, we have about 65,500 litres of AGO. If you go by the current price of AGO in the market, that is about N90 million. Supposing all the eight tanks discovered were filled, we would have about 400,000 litres of AGO, which would have amounted to over N500 million.
“From our preliminary findings, they could have gotten the product through pipeline vandalism, illegal vendors at sea, in the name of what we call ROB (Remains on Board), which is from ships that come to the harbour to conduct their
NHRC, PI, Call for Accelerated Passage of Digital Rights Bill to Safeguard Online Freedoms
Folalumi Alaran in Abuja
The National Human Rights Commission (NHRC) and the Paradigm Initiative (PI) have called on the federal government to promptly pass the Digital Rights and Freedom Bill, stressing the vital importance of safeguarding individuals' rights in the digital realm.
Paradigm Initiative which hosted a Digital Policy Engagement Series (DiPES), in Abuja yesterday where stakeholders convened to analyse, evaluate, and discuss the Digital Rights and Freedoms Bill (DRFB) emphasised the necessity of ensuring that citizens' online rights are upheld, aligning with protections in the physical world.
Speaking, the Executive Secretary, NHRC, Dr. Tony Ojukwu, represented by the Director, Legal Services and Enforcement, NHRC, Rabi Anwar, noted that the digital space has become an integral part of everyday life for many Nigerians, but without adequate legislation in place, there is a risk of abuse and infringement of digital rights.
He stressed the need for laws that protect freedom of expression, privacy, and access to information online.
He said: “It is necessary to establish measures that uphold the sanctity of citizens' rights. The enactment and passage of the digital rights and freedoms bill would have positioned Nigeria as a leader in the protection of digital rights and online freedoms as the bill is oriented towards safeguarding the rights of Nigerian internet users.
“It would serve to shield Nigerians from encroachments upon their
fundamental freedoms, and impose sanctions on offenders and violators of digital rights and freedoms, thereby ensuring a secure and enabling online environment for all.
“The reintroduction of this bill is timely. After what the world witnessed in 2020, during the COVID-19 pandemic, we had no choice rather than to go digital, with the introduction of work from home, online meetings, classes, events and the rapid growth of digital economy. This became the new normal, making digital inclusion relevant now more than ever.
“The NHRC as a child of neces-
sity developed an online platform to receive and treat complaints of human rights violations perpetrated by security agents in an effort to enforce the lockdown and cases of domestic abuse which saw a drastic increase during the lockdown period.
“ The commission in collaboration with the United Nations also set up a situation room where reports during the 2023 general elections were collated in real-time.”
The commission urged that while the bill is being considered for reintroduction to the National Assembly, there was a need to address the concerns to forestall
any cog in the president’s assent to the bill.
The Executive Director, Paradigm Initiative, Gbenga Sesan, while briefing journalists at the Conference, explained that the bill was sent to the National Assembly in 2016, and it passed by the two Chambers, but when it got to the table of the them President Muhammadu Buhari to sign it into law, he declined to sign the bill.
He said what they did was to go back and look at some of the reasons they gave for not signing the bill, readjust the bill and reintroduce it to the 9th National Assembly.
operations, and sell whatever they have left in their tanks to people like this suspect to make some quick money, or it could also be through some other illegal means along the coastline either through the operation of private jetties, illegal loading point etc.”
Speaking to THISDAY, the prime suspect, Ariyo, who looked unworried and relaxed without an iota of guilt, explained that he got involved in an illegal oil sale in a private apartment about five years ago.
According to the 47-year-old husband of two wives and father of seven children, “When the Navy people came here, they stood outside the gate and I came down to meet them.
“When they questioned me, I opened up to them that truly I usually take the market from the sea. Sometimes I collect 30 jerricans of the product, 50ltrs each.
“I collect this product from people who work with the staff of the ship attendants as errand boys. They give the errand boys ROBs, which sometimes is 30 jerricans of 50lts of AGO each, or at times it could be 40 jerricans.
“So these errand boys, after collecting these ROBs in turn, sell to me, which I buy from them and resell it as a means of taking care of my own family and children. These 8 tankers' capacities are 40,000 ltrs each.
“Aside from ROBs, I also lift the product from the depot, and I have the weight bills I am always issued to prove so. I load trailers. Sometimes,
I load 50,000 ltrs, sometimes 45,000 ltrs from the depot in Apapa, and I can call the agents that normally load me.
“I know that what I am doing is illegal, but this is how I feed my family. My customers are those who use diesel engine generators spread around Lekki environs here in Lagos. Some come here to buy while I also supply them in their houses with the 50ltrs jerricans. I have been in this business for about 5 years now.
“I got a loan from the bank to begin the business. I have no helper or parents. The bank gave me N50 million to start the business and I have been paying back monthly.
“For the tanks you saw, I bought them from petrol stations under renovations who want to sell their underground tanks. I bought each of the tanks at N1.5 million. My company is not legally registered with CAC. I am operating the business with my bank account, not a company account.”
While taking possession of the suspects and the exhibits, the Lagos State Commandant, NSCDC, Adedotun Keshinro commended the Nigerian Navy Beecroft considering that one of the economic saboteurs has been arrested.
Expressing shock at the volume of tanks discovered, he reiterated that despite their campaign and efforts, it was worrisome that some individuals could still go to this extent, adding that they would continue their investigation and take the suspects to court for diligent prosecution.
We're Targeting Occupational Safety Not Claims, Compensation, Says NSITF MD
Onyebuchi Ezigbo in Abuja
The Nigeria Social Insurance Trust Fund (NSITF) has said its major task was to ensure prevention of accidents through robust occupational safety and health(OSH) programmes in workplaces
The Fund said payment of claims and compensations does not alone measure the success of the organisation, adding that prevention of accidents was the first process in Employees’ Compensation scheme.
The Fund offered the explanation through its Executive Director, Finance and Investment, Adegoke Adediji , while receiving members of the Nigeria Council of Registered Insurance Brokers (NCRIB) on behalf of the Managing Director of the NSITF, Maureen Allagoa. “The prevention of accidents
through robust occupational safety and health(OSH) programmes is the first step in the processes of the Employees’ Compensation. The payment of claims and compensations is therefore inversely proportional to this," he said.
A statement signed by the NSITF General Manager, Corporate Affairs Nwachukwu Godson, quoted Adedeji as having made the clarification following some misconceptions about the mandate of the NSITF by a section of the media.
Adedeji, said effective occupational safety programmes reduces workplace accidents thereby cutting down on amount paid as claims and compensations.
“Measuring the progress of the NSITF by the number of claims and compensations paid is a very poor grasp of our mandate
and operations. By ECA 2010, occupational safety and health is in inverse proportion to claims and compensations.
"When the occupational safety and health programmes(OSH) are top notch and producing results, the rate of workplace accidents that trigger claims and compensations declines. When OSH is not active, the reverse becomes the case.
“A well-managed NSITF primarily seeks the reduction of workplace accidents. This is the first step our management takes through a robust pursuit of occupational safety and health programmes. But if accident occurs, we follow up with rehabilitation. Then payment of claims and compensations, where necessary.” He said the NSITF had been discharging all obligations on the payment of compensations to
employees and their dependents for death, injury, disability arising out of or in the course of employment.
“We rehabilitate those who suffer workplace disabilities. In fact, we have a case in hand where we’ve paid close to N70 million at N1.3 million every month and another where the Fund pays about N1.5 million every month and will continue paying till the last child is 21 years of age.
“But while we do this, we intensify accident prevention programmes, even collaborating with other agencies and relevant stakeholders to emplace occupational safety and health(OSH) standards in all workplaces enrolled with the Fund.
“This is the charge of our active OSH department in our 57 branches and 12 regions across the country,"
he said.
Adedeji, said the current management has a clear roadmap for the future of the Fund, stating that the NSITF was changing with times in terms of rules and operations.
He further assured the Council of Registered Insurance Brokers that the NSITF would consider its request for collaboration, adding that both organisations have similar roles in the world of work.
The statement said the President of the NCRIB, Babatunde Ogunlade, had commended the NSITF for expanding the reach of social security services in the country.
He explained that the visit was to seek areas of partnership and collaboration between the NSITF and a vibrant community of registered insurance brokers across the federation,
NEWS 14 THURSDAY, APRIL 04, 2024 • THISDAY
Chairman Programmes Committee Nigerian-British Chamber of Commerce (NBCC), Tajudeen Ahmed; former Chairman British Business Group Nigeria, Ama Onyerinma; President/Chairman of Council NBCC, Ray Atelly, and Vice Chairman Energy Group, NBCC, Adeola Azeez, during NBCC's 2024 International Women's Day event, held in Lagos... recently
THURSDAY APRIL 4, 2024 • THISDAY 15
Njoku: APGA Bogged Down By INEC’s Refusal to Obey Apex Court Order
National Chairman of all Progressives Grand alliance, Chief Edozie Njoku, in this interview explains how the refusal by the Independent National Electoral Commission to obey Supreme Court judgment is holding the party back. Folalumi Alaran brings excerpts:
APGA used to be number three party in the country, but now behind APC, PDP, Labour Party, New Nigeria Peoples Party and even SDP. 2027 is just three years away, what plans are you making to ensure that by 2027, we won’t be talking about crisis but progress in the party?
Let me touch a very sensitive place. After Ojeozi,(Dr. Chekwas Okorie) left and went to form UPP (United Progressive Party), there was a very terrible trend that I noticed in APGA. And that was that the leadership of APGA always go to whoever was the governor.
They will always go to the governor for party decisions. Let me give you an example, if there’s a state in the South East called Egusi, I’m not going to say whether it’s Ebonyi or Abia. I’m going to use a different one.
Let’s say there’s a state called Egusi. They will go to the governor and the governor will be the one to bring the candidates of APGA and maybe give, between N200 and N300million to whoever is involved.
Thereafter, they will go to election. At the last minute, the person will be pulled out and APGA cannot move. Like I said at a press conference, APGA has now come to do the right thing.
Let me give you another example. As of today, my first son is the Director of Strategy for the Prime Minister of United Kingdom’s re-election. From small talks like that, you can see that I’m coming from a different direction.
The very minute that God allows me to take APGA, I will work with the NWC (National Working Committee) to build the party. Why on earth should I go to a governor to take $100,000, which is a little above N200million or thereabouts, from him to not field a popular candidate for the party?
But, sadly, that has been the order of the day in many political parties, because we are so much in love with money. Money has become the order of the day. So, when you do things that way, you can be sure that you will lose in that state and you lose over all.
Can you believe that result with the kind of love that even Rochas Okorocha won in Imo State, with the kind of love the Igbo have for APGA and some other states?
Look at that Benue State. We won how many federal seats. During that crisis, Benue State kept coming to me, even the Abu Oman, as you know, came to our convention. He was with us because he says that APGA is loved in that state.
That could have been one of the states we could have been going for the governorship by now or we could have narrowly lost or won. And so, all those things, by the actions that are being taken, are holding APGA back.
Then suddenly someone asks you about the crisis. The crisis is caused by people. It could even be those people like the state governor you mentioned, that is the one doling out money to ensure that Njoku does not to come out, so that the people they are engaged with in the same business can stay there so they will have an easy win.
You said the question should be, why INEC chairman is reluctant to recognise you as national chairman. Are you laying the blames on the doorsteps of INEC chairman?
To the extent that a court of competent jurisdiction has said so, to the extent that there has been a committal charge on him. But, rather than recognize Njoku as the court gave you two weeks to do so, you rushed to the Court of Appeal to arrest the judgment. So, what is the interest? The media should be asking the right questions.
The blame should be on INEC because there is a court judgment, both from the Supreme
Court and the lower court enforcing it. Yet, he’s not obeying it. The question to the INEC chairman should be, why are you not obeying it?
Mr. Chairman, until this last election, the APGA is seen as the third force in the Nigerian political system but unfortunately it seems to have lost that. Is that not an indication that the crisis you are having in the party is more of a personality clash rather than an interest of the party?
Remember I said that the Igbo embraced the party. Let us use that aspect first, because although APGA is a national party, let’s start from the South East.
Let’s even go to Nasarawa State. If you notice in Nasarawa, when Labaran Maku came up first and ran for governorship, he did very well. It was so in so many places. If you remember in Rivers State,
the party did very well, because because APGA was in the heart of the people.
But, when you keep doing the wrong things consistently, people who love APGA won’t take APGA seriously again. There is a tiny force, as I keep saying, from Anambra State which feels that the party only belongs to them. And that’s the fact of the matter.
Let me explain. Look at Governor Alex Otti of Abia State. Otti was an APGA member, he had to run out into Labour to win. He’s the same people that we had as APGA members who were in Abia State, who had to move across to Labour Party and win. You understand?
Please don’t misunderstand me, I wish the press were playing a bigger role. The bigger role they should play is to hold public officers accountable. INEC has no reason to retain somebody who the Supreme Court has said is not and has nothing to do with the party. That is the problem.
So, if such a person is now foisted on the party, how will the party move forward? But,
I wish the press were playing a bigger role. The bigger role they should play is to hold public officers accountable. INEC has no reason to retain somebody who the Supreme Court has said is not and has nothing to do with the party. That is the problem. So, if such a person is now foisted on the party, how will the party move forward? But, people keep asking, why is the party not moving forward? The party is not moving forward because there are people there, whether they are paid by some people or working on their own, to stop APGA from growing. Who knows? And, because of that you ask, what is Mahmood’s interest? Is he a member of APGA? He should obey court order.
people keep asking, why is the party not moving forward? The party is not moving forward because there are people there, whether they are paid by some people or working on their own, to stop APGA from growing. Who knows? And, because of that you ask, what is Mahmood’s interest? Is he a member of APGA? He should obey court order.
When Silva was removed as governorship candidate by the court in Bayelsa State election, the INEC chairman immediately obeyed that order of court. Is there any order less ambiguous than this order of the court? Is there anyone you’ve ever seen with direct orders? Is there any order than these five clear orders- move out of the office, don’t bring any candidate- clearer as these. And he has not obeyed?
But, he obeyed the order as soon as Silva won in the Court of Appeal, his name was reinstated promptly. Why don’t you follow that same trend? The main question, really, if we’re being honest with ourselves, should be directed to Prof. Mahmood, because he is a factor in the matter. The INEC chairman should disclose his interest in the party. Gentlemen of the press should ask him, are you a member of APGA? Why should he be so partisan?
But, chairman, is reconciliation still possible in APGA?
When we won in the Federal High Court, I’m sure you read it in the press. It was also on ARISE Television. I had said it that what I’ve recommended to the party, to Governor Soludo and to all of them on the other side, let myself and Oye step aside and let us now build up the party. That we should bring in someone as National Chairman and we build the party. They said I was a madman for making that suggestion. That was until I have now won at the Supreme Court.
Well, to answer your question, yes, we’re very open to reconciliation and that’s what Chief Okorie was saying when he was speaking with Soludo. But, I have won as the National Chairman and I intend to carry on to fight my battle to the end as National Chairman of the party, because once the Supreme Court has spoken, it’s over and it should be over.
Anything outside that will mean that we’re now allowing wrong, maybe, because of money and I’ve been offered so much of it and then somebody will say, no, we are not listening. Why should you be doing that when I’ve won? It’s my right. It’s just like him (Soludo) winning as governor. Is his own different from my own?
Is it because he has a wallet that he’s sharing with people and he now makes it as if my own is smaller? My own is our own, his own is his own.
So your solution is for the two of you to step aside.
That was then, not any more, now I have won. I’m the National Chairman of the party. There is going to be reconciliation, but what we need is the recognition to do the reconciliation.
What is your relationship with Governor Soludo?
I don’t have any relationship. I’ve spoken with him for about an hour once and he has sworn to different people that over his dead body will I be national chairman.
So, Ojeozi (Chekwas Okorie) asked him, but you’ve never met Chief Edozie Njoku. I’ve never sat down with him before. Even a very big businessman in Anambra State tried everything for him and that businessman who is his friend and works with him, for us to sit down and talk. He said no, that he wouldn’t. He knows the reason why he doesn’t want. Maybe he’s seen me as a man who cannot be programmed.
16 THISDAY • THURS day a PRIL 4, 2024 politics Acting Group Politics Editor d EJI ELUMOy E Email: deji.elumoye@thisdaylive.com (08033025611 SMS ONLY ) NOTE: Interested readers should continue in the online edition on www.thisdaylive.com
Njoku
FEaturEs
StoryStoryHub Exceeds Expectation, Reaches 131M People
As the curtain closes on the three-month long campaign of the digital creative economy initiative named, “The StoryStoryHub” in commemoration of the 12th of the anniversary of Playhouse Communication Limited, the campaign has achieved remarkable success, surpassing its initial projections by reaching double its estimated audience. Writes MARY NNAH
The StoryStoryHub which started as a celebration of the talents in the creative industry, it has now organically transformed into a dynamic movement. One that urges every creative to share their stories because unknown to you, your audience could be eagerly waiting to read your unique story.
This exceptional result is attributed to its high impact on the social media space, positive reception by known influencers, and the campaign's impressive performance.
In the metric of engagement, the campaign documented 50 million media reach, 131 million impressions, 13.3 million video views, 204 thousand clicks, along with impressive average view-through and click-through rates. Although the campaign officially ends now, the timeless art of storytelling continues.
Reflecting on StoryStoryHub digital success, the Chief Executive Officer, Playhouse Communication Limited, Mr. Tolu Onile-Ere, said, “In the coming years, we envision Playhouse as a leading force in the digital marketing landscape, known for innovative and impactful campaigns.
"We plan to expand our reach globally, forge new partnerships, and continue pushing the boundaries of digital creativity. Our focus will remain on delivering value to clients, nurturing a creative and collaborative work environment, and adapting to emerging trends in the industry.”
The StoryStoryHub centers around storytelling, much like the tales by moonlight that were passed down to us by our forefathers, generations ago.
Culturally, storytelling serves as the conduit through which history is passed down from generation to the next, fostering community building and knowledge sharing.
Historically, these stories were not recorded in writing but with diverse technological
discoveries, we can now capture and preserve our stories on digital-enabled storage platforms, such as cloud storage and other digital repositories. Despite these advancements, at the core is still the fundamental concept of sharing stories through the art of storytelling - “The StoryStoryHub”.
As the anniversary and campaign concludes, Playhouse has ignited a tsunami within the digital space, inspiring the younger generation that if strategically leveraged, the digital media can make an unknown individual, or a small business a brand to be identified with. This is the
power of digital media, a veritable financial dynamo, for the creative economy of Nigeria.
Onile-Ere remarked that StoryStoryHub serves as a platform not only for sharing our experiences but also for encouraging others, especially the youth, to share their stories in the digital creative economy. He explained that by providing a space for diverse narratives and insights, they aim to inspire, educate, and empower the younger generation to explore and contribute to the digital space. According to him, “I think there is a lot of potential in the digital economy, and we are just beginning to explore it. It is vast. We can see the impact of digitals, accessibility and the democratisation that it offers. It is enough to pick up your phone and become a content creator and you see a lot more people being able to be self-sufficient and become new business owners on their own. From there you will see a lot more businesses, their potential especially from the creative digital, to the reach and impacts, and the cost effectiveness that digital economy offers.
“The StoryStoryHub initiative involves getting people to share their stories. It is about encouraging people in every walk of life, whether they are content creators, individuals using digital platforms, or businesses. By simply asking people to share their stories, we have used that to show the positive impacts that the digital industry has and, hopefully, inspire others who are looking for ways to help grow the Nigerian economy. “We consider success to be mea -
For Ezeife 'Okwadike', a Tribute
sured in terms of benefits beyond money. The encouraging stories we selected and the platform’s good reception are proof of the value it offered to our audience. StoryStoryHub has not only enhanced the reputation of our brand but also opened up new avenues for growth in the future.
“To sum this up, our definition of profitability has a broad perspective that takes into account, monetary stability, customer happiness, team fulfilment, and the beneficial effects of projects like StoryStoryHub.
"We are dedicated to long-term development, meaningful endeavours, and leaving a legacy of significant contributions as we negotiate the ever-changing terrain of the digital creative economy.
“What we are pleased with is the positive response to the stories we have so far been able to curate. The overwhelming response has been that the stories shared are inspiring.
“In the coming years, we envision Playhouse as a leading force in the digital marketing landscape, known for innovative and impactful campaigns. We plan to expand our reach globally, forge new partnerships, and continue pushing the boundaries of digital creativity. Our focus will remain on delivering value to clients, nurturing a creative and collaborative work environment, and adapting to emerging trends in the industry.”
Digital storytelling is a powerful tool used by influencers, bloggers and celebrities to share content and connect people. Through this method of storytelling, these social influencers are able to share their life experiences, challenges through life and the motivating factor behind the contents they create. They share everyday stories that resonate with their audience, and this creates learning outcomes and motivation for the audience.
Okey Ifionu
Although he spent barely 22 months as the pioneer civilian governor of Anambra state, Dr Chukwuemeka Ezeife had become a household name in Nigeria by the time the third Republic was truncated by the Sani Abacha military junta. His bold and clear-cut positions on nearly every national or subnational issue, his iconic mannerisms--- trademark, well-groomed goatee, his ox-blood red cap and spotless white habit, his hand-held elephant tusk and of course his deep, guttural voice--- distinguished him in any crowd, however huge.
Few Nigerians are as concerned as he was about Nigeria's potential for greatness. How that potential for greatness could be realised at minimum cost was a consuming passion for him.
He frequently articulated his dream Nigeria in speech after speech and in many of his radio and television appearances. To get more than a glimpse of how intense this passion was, you need to read his book "Remaking Nigeria With Progressivism (1997)". .
It is a distillation of his thoughts on the place of not only Nigeria but the entire black race in the global scheme of things. Given the leadership challenges that Nigeria has faced over the decades, some of the aspirations he articulated in that book would appear to be questionable, if not in jeopardy. But then, their validity is unimpeachable.
My path first crossed with Ezeife in 1988 when I was covering the then Constituent Assembly for the Concord Group of Newspapers. His comportment, well ordered and brave contributions and deep insight on many of the thorny economic and political issues of the time, earned him the admiration of some of us in the press gallery.
Nearly every journalist covering the constitution-drafting conference wanted an
interview with him. At both the plenary and committee levels, Ezeife's contributions were landmark. He took a deep view of every issue and did his homework well in advance.
His strength did not lie necessarily in his eloquence but in the profundity of his thoughts and ideas on how to make Nigeria a meaningful and enduring federation.
At that time, I wrote a weekly column in the National Concord with the masthead "Makers of the Constitution." It was quite popular with members of the Constituent Assembly. It was a full page that featured the contributions of one distinguished member every week. I tried a number of times to fix an interview with Dr. Ezeife but it all failed, no thanks to his hectic schedule. Then one day while he was leaving the Assembly chambers for his hotel room, we bumped into each other. "My brother," he said to me, "if you can follow me to Agura hotel now, we may be able to talk."
At Agura hotel, then one of the few decent hotels in Abuja, Ezeife and I talked for nearly two hours amidst dinner. We discussed literally everything about the
work of the Constituent Assembly, especially the controversies around the Sharia law viz a viz Nigeria's secularity.
After my story of that encounter with him was published in the _National Concord_, Ezeife reached out to me with compliments for "accurately portraying my views on all the issues, especially my position on the Sharia clause."
That marked the beginning of our friendship. Thereafter whenever he had something special to say, however controversial, he would give me the privilege of being the first to hear it.
After he won the governorship of Anambra state despite many odds, he offered me the opportunity to serve as his number one spokesman.
In the less than two years that I served in his government, I saw an uncommonly self-sacrificing leader who was determined to do his best for his people. Of the three governors I had the privilege of working with, Ezeife was the most selfless and prudent.
When I came down from Lagos to assume duties in Awka, the first word he said to me was "My brother," (Ezeife would often casually address me as his brother) "I am sure you have come with your sleeves rolled up". He was a workaholic, a patient listener and a man with strong convictions. He didn't swallow received wisdom without proving them. You couldn't stampede or even cajole him into doing something he wasn't convinced about.
Some of his critics thought he was too rigid. May be! But given his bureaucratic background as a former federal permanent secretary, his education at Harvard University
where he obtained a Ph.D in economics, his spell at Makerere University, Uganda as a lecturer, I was hardly surprised at his deliberate approach to governance.
He wanted things done properly in an environment where shoddiness has become a norm.
Ezeife, in just 22 months laid the solid foundation on which his successors have built since his exit. His "Think Home" policy rallying wealthy Anambra indigenes to invest in the state, remains as relevant today as it was then.
History will be kind to him as his legacy of prudent management of government resources continues to be an essential ingredient for any meaningful development in the state.
As he is laid to rest on April 20, 2024, I thank God for the privilege of meeting and working with him. He spoke boldly for Nigeria's unity and even more so for justice and equity for all Nigerians. His had become one of the few credible voices in Nigeria on the matter of leadership and governance.
His Ìgbo pedigree is one he defended fiercely and unapologetically. He wanted justice for the Ìgbo in one united Nigeria. As he often said "the Ìgbo are the cord that binds Nigeria together, more than any other ethnic group."
In a condolence note a friend sent to me, he wrote: "Dr.Ezeife's death has robbed Nigeria of one of the few brave voices that could still speak truth to power without concern for their personal safety."
He added rather indisputably, "Most of today's political leaders are not the type with any serious interest other than self-aggrandisement.
Ezeife was far above the cut." Nothing can be truer! Ezeife gave himself entirely to public service, with little or no pecuniary consideration.
Rest in peace, 'Okwadike' ! May the Lord reward your seed for all your sacrifices.
•Ifionu, now an Archdeacon in the Anglican Church, was Gov. Ezeife's Chief Press Secretary
Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430 17
THISDAY • Thursday, a P r IL 4, 2024
CEO, Playhouse, Tolu Onile-Ere
Late Ezeife
FOCUS
Mbah: How Enugu’s Disruptive Innovator Governor is Changing the Meaning of Governance
Its hilly geography signposts a state destined for greatness. Enugu, the ‘Coal City’ State and its inhabitants are faced with a new height of reality, prepared to embrace a futuristic present, courtesy of a new Sheriff in town, the fifth executive governor of Enugu. Governor Peter Mbah stands atop a mountain of possibilities in Enugu, underlined by his educational and medication interventions. The Mbah revolution is unfolding, and its disruptive innovation has already been unleashed on the landscape. Things are changing and changing fast. Water is flowing from taps that had been dry for over 50 years. Mbah is a dreamer who seems to turn the words of Liberia’s ex-President Ellen Johnson Sirleaf upside down, that “if your dreams do not scare you, they are not big enough.” The catch here is that Mbah’s dreams don’t scare him. They scare the Enugu people. He comes with a fierce sense of urgency to give meaning and energy to leadership and governance. If you have not been to Enugu to see things for yourself, then take a trip there. Bayo Akinloye was there recently and reports
Governor Peter Mbah of Enugu exemplifies modernity, momentum, and magnificence. Imbued with ingenuity, serenity, and perspicacity, Mbah has demonstrated a peoplecentred gamut of governance in less than one year. In his search for excellence, Mbah has been unwavering and unstinting.
His campaign tagline in the build-up to the 2023 gubernatorial election in Enugu underscored his style of governance and application to public service. Its hilly geography signposts a state destined for greatness. Enugu, the ‘Coal City’ state and its inhabitants are faced with a new height of reality, prepared to embrace a futuristic present, courtesy of a new sheriff in town, the fifth executive governor of Enugu. Governor Peter Mbah stands atop a mountain of possibilities in Enugu, underlined by his educational and medication interventions.
Since the assumption of office on May 29, 2023, Mbah has opened a new chapter of politics, governance and technocracy—his focus on health and education with its attendant projects that cut across 260 wards. Metaphorically, Mbah transcends the past, reinvents the present, and fast-forwards the future. His gubernatorial campaign tagline well articulated this: ‘Tomorrow is here’.
Like prose, the Enugu governor is a riveting short story narrated in a suspenseful and dramatic style. Mbah does not just talk the talk; he walks the talk. Not a few observers conclude that “his leadership shows past governors of the state were marking time while in the saddle.”
Mbah is building smart schools across 260 wards, devoting 33 per cent of the Enugu budget to education. Schools are built for the whole of Africa and the world. They are designed to build capacity not just for the state, the country, and the African continent but also for the children of the world who will benefit from a lifetime quality education. Mbah could not have a better vision for the future.
The smart schools
The Mbah administration is constructing 260 model smart schools. Each smart school comprises a crèche, nursery, primary, and junior secondary school and makes provision for children with special needs. Each smart school has a clinic, ICT centre, e-library, science laboratories for primary and junior secondary schools, tech laboratory, centre for robotics, studio and interactive boards. It also has a one million litre underground storage water to support a clean and safe learning environment for children across the 260 wards and renewable energy as an alternative power source. The pilot project at Owo, Nkanu East LGA, is already running.
According to Mbah, the objective is to turn Enugu children into global citizens by ensuring that every Enugu child gets equal or better quality education than their peers in Europe, America, and other developed parts of the world.
Once in a Generation’ Mbah
Benevolent and magnificent individuals like Mbah come “once in a generation.” Already rich by dint of hard work and inventiveness, Mbah is not driven by primordial political posturing. Many consider Mbah hard-working and honest. He is believed to be in politics to add value and not to steal. He is different from several political opportunists, it is said, and anything he promises, he does.
It is little wonder his electoral promises are worth their weight in gold. Political analysts noted that even the Obedients are gradually accepting the reality that Mbah is the man Enugu needs
for redemption, restoration, and revolution. In driving the narrative progressively forward, Mbah demonstrates the value of “health is wealth” with his administration’s ultra-modern health facilities.
Level 2 primary healthcare centres
The Mbah administration is constructing an ultra-modern Level 2 Primary Healthcare Centre in each of Enugu’s 260 wards with the requisite sanitation and hygiene facilities, water, doctors’ and nurses’ quarters, and backup power sources. Besides ramping up the human capital training to manage these facilities, the administration has successfully digitised patients’ records by migrating from analogue record keeping to the electronic medical record (EMR) platform.
In his previous public service, Mbah made a significant impact as Enugu’s commissioner for finance and economic development during Governor Chimaroke Nnamani’s tenure. As a testament to his contributions to Enugu’s fiscal operations through the strategy document he evolved, which became the operating template for the Enugu government’s development programmes, the NewsWatch magazine’s special publication of July 3, 2006, described Mbah as “a man ahead of his time.”
In less than one year as the executive governor of Enugu, Mbah has stood his ground against criminals to telling effects.
The command and control centre
Insecurity in Enugu was at its peak when Mbah took over the reins of power. Kidnappers were on the rampage. Non-state actors imposed a compulsory Monday sit-at-home on the people, and it was usual for gunmen to drive through several local government areas to launch death crusades in the city centre and still return safely to their abodes, living bodies of gunned down security agents in their trail. To stop this, Mbah banned sit-at-home, effective June 5 2023. Instructively, despite threatening fire and brimstone, the non-state actors have been unable to launch any attack on
the state since that day till date, as the Mbah administration took drastic steps to curtail their excesses, deploying technology to fight crime. The Enugu governor has set machinery in motion and is ready to launch a hi-tech command and control centre (CCC) to put the South-East state under effective surveillance. The centre, located at the Government House, is the endpoint of fibre optic cables, which the administration is laying in the city centre and six other local governments of security concern. With high-tech cameras mounted in every nook and cranny, operatives at the CCC can view the entire Enugu metropolis and the six LGAs captured in the first phase on the screens. That way, it should become easier to prevent and fight crime.
The CCC has the Distress Response Squad (DRS) arm, piloted in August 2023. The full complement of the DRS will comprise over 100 vehicles and will be launched along with the CCC. The DRS comprises hi-tech patrol vehicles with security surveillance cameras capable of facial and number plate recognition.
New Enugu City
As a former finance commissioner for finance, a member of the Federal Accounts Allocation Committee (Nigeria’s highest fiscal allocation body), chairman of the Federal Accounts Allocation Committee’s Sub-Committee on Legal Matters, chairman of the board of directors of the Enugu State Insurance Company and chairman of the board of directors of the Enugu State Finance and Investment Company, the incumbent governor is creating a new city.
The New Enugu City is a sprawling 10,000 hectares of land that traverses five LGAs: Enugu East, Enugu North, Enugu South, Nkanu East, and Nkanu West. In October 2023, the Mbah administration flagged off the first phase of development, which includes a 17km dual carriageway, feeder roads, and other critical infrastructure. The first phase of the city, which will be ready in 24 months from October last
year, covers 26 square kilometres. This aligns with its campaign promise and determination to restore Enugu’s lost glory and make it the premier destination for investment, business, living, and tourism. According to Mbah, the envisioned New City, which is smart, would rub shoulders with any great city in the world, underscored by the contracting of the project to the China Communication and Construction Company, CCCC.
The city comprises three islands: Happy Island, Vitality Bay, and Innovation Park. The New Enugu City will have a dedicated power project, a central sewage system, and centralised public utilities, including central high-speed internet. Mbah recently signed the New Enugu City Development Agency Bill into law to underscore the administration’s importance to the city.
Road projects
Mbah promised to construct at least 10,000km of roads in the next eight years, or 1,250 kilometres per fiscal year. In October 2023, he flagged off the construction/reconstruction of 71 urban roads and 10 major inter-local government and inter-state roads. He has even awarded many more since then, turning the entire state into a construction site. The major inter-local government and inter-state roads include the 40km Owo-Ubahu-AmankanuNeke-Ikem dual carriageway, 40km Ama Brewery Junction-Eke-Akama Oghe-Iwollo-Uzo Uwani Road with a 4.2km spur to Aguobu Owa in Ezeagu, Agu-Mgbuji-Ogete-Eha-Amufu road and the Ikem-Nkwo-Odenigbo-Eha-Amufu-Ichama Benue Road, and 15km Amechi-Idodo-Amagunze Road, among others.
Amechi-Idodo-Amagunze road
Presently, for the people of the Idodo zone of Nkanu East to get to their local government headquarters at Amagunze, they would have to traverse Enugu East, Enugu North, Enugu South, and Nkanu West LGAs. But with the new road, which cuts across Amechi-Idodo-Oruku-Amagunze, with two major bridges over the Ido and Iyaba rivers, which Mbah’s administration is already under construction, it will take less than 20 minutes. The road will not only link the Nkanu East North but also serve as a gateway from Nkanu land to the northern part of the country and vice versa. Most importantly, it will create access to the food baskets of Nkanu, Ebonyi State, and Benue.
Owo-Ubahu-Amankanu-Neke-Ikem road
The 40km dual carriageway was conceived by the Mbah administration as a gateway to the North Central region. It will greatly shorten the travel time from the South East and parts of South-South to the North and vice versa. It aims to open up these rural food baskets and the economy on that corridor up to Benue and other parts of the North. People along this corridor have endured post-harvest losses over the years because of a lack of access roads.
Restoring Pipe-borne water in Enugu
Ninth Mile 24/7 Water Scheme: In fulfilling his campaign promise to restore water to the Enugu metropolis in 180, Governor Mbah inaugurated the 70 million litres daily Ninth Mile Corner 24/7 Ultra-modern water scheme. With this and an additional 50 million litres of water daily, the administration has raised the water supply from an occasional 2 million litres daily to 120 million litres daily. Massive reticulation has been ongoing to replace asbestos dating back to the colonial and Dr Michael Okpara days, which have become unhealthy and weakened by age.
18 THURSDAY, APRIL 04, 2024 • THISDAY
Governor Mbah
POLITY
Examining the Boardroom Crisis in Eko Disco
The boardroom fight that is almost engulfing Eko Electricity Distribution Company Plc (EKEDC), easily one of the best performing among Nigeria’s 11 power Distribution Companies (Discos), appears more of a battle of personal interests, rather than corporate and altruistic gains, writes Emmanuel Addeh.
Afew days ago, the news broke that the leadership of the EKEDC board had removed and indeed asked the Managing Director of the power distribution firm, Dr. Tinuade Sanda, to return to the parent company, WPG Limited, where she was said to have been seconded from.
The decision taken by the headship of the board to ‘remove’ the chief executive of the company was communicated through a letter signed by the EKEDC Chairman, Dere Otubu, on March 25.
He cited a directive from the Nigeria Electricity Regulatory Commission (NERC), purportedly stating that all staff working for the utility must be employed directly by the utility, bound by applicable service conditions that are applicable to the employees of the utility, and paid through the utility’s payroll.
“The Disco is obligated to comply with these directives due to the powers of NERC as stipulated in the Electricity Act 2023. In compliance with the aforementioned directive, all seconded staff from WPG Ltd are being released by Eko Electricity Distribution Plc and returned to WPG Ltd.
“Accordingly, you are hereby relieved of your role, office, and position at Eko Electricity Distribution Plc effectively immediately, and returned to your employer, WPG Ltd,” Otubu said.
However, beyond the wholesale interpretation given to the NERC memo by the chairman, there were said to be undercurrents which spurred that decision to push Sanda out.
Genesis of a Crisis
Findings revealed that trouble started when Sanda issued queries to three senior members of staff of the electric company demanding an explanation over the status of two personnel presumed to be ghost workers and two others left on the payroll after their resignations.
The queries were served on the Chief Legal Officer (CLO), Wola Joseph-Condotti who was alleged to be the main culprit, the Chief Human Resource (CHRO), Aik Alenkhe, and the Chief Audit and Compliance Officer (CACO), Sheri Adegbenro, reportedly for negligence of duty not to have detected the infractions.
As a result, it was learnt that almost N100 million was lost in salaries and bonuses paid to the alleged ghost workers, and two former employees left on the payroll after their resignation for the period the anomaly existed.
According to the report, the staff who were assumed to have been seconded to the legal department of the electric distribution firm enjoyed unilateral promotion for three years, leading to huge salary payments, among other benefits.
Sensing that something was amiss, Sanda requested an explanation from the three departmental heads responsible directly or indirectly for the actions that were believed to have flouted the rules.
Dr. Tinuade Sanda
The queries to the three senior management staff who themselves were seconded to EKEDP from WPG led to squabbles. While the managing director ordinarily should be supported to deal with the violations, it became a matter of politics for some members of the board, who wanted Sanda to stay away from cleaning the mess, it would seem.
When this sentiment by the board slowed down the process of sanctioning those said to have broken the rules, the unions then decided to escalate the matter to the regulator, thereby compelling the board of EKEDC to set up a disciplinary committee to look into the matter.
Controversial Panel Findings
It would be safe to surmise after a careful study of the report on the investigation by the committee, that there were, perhaps attempts to downplay the issues, which ordinarily were as clear as daylight.
Despite what appeared clear evidence flowing from testimonies, the committee concluded that: “Fraud was not established against any staff, as no staff was found to have benefited directly or indirectly from the funds paid to the ghost workers.”
It added that: “Rather, in the course of investigations, some administrative lapses were discovered.”
Sources with knowledge of the goings-on within the company wondered how the infraction could have gone on for that long without the heads of those departments affected knowing, given that they have to validate and certify staff that should be paid for every of the months in question.
staff with the strict application conditions of service, leading certain employees being fired in the past.
In this case, while the CLO was asked to proceed on two weeks’ leave of absence, which was deemed already served, the CHRO and CACO were issued warning letters. Many believe that the committee that decided their cases were careful not to hurt their benefactors. This, however, would come at a cost to the company.
So, when the rumour of the purported removal of the chief executive officer of the company, who insisted that due process be followed started circulating, it was what it was, politics at the expense of truth.
NERC & MOFI
To be sure, the industry regulator tried to stamp its authority when the matter became public, but the seeming ambiguity of its statement which opened it to various interpretations by parties involved, was a cause for concern.
However, the Ministry of Finance Incorporated (MOFI) which recently took over the ownership of the 40 per cent holdings by the government in the Disco from the Bureau of Public Enterprises (BPE), seemingly failed to act on the side of fairness.
What role could MOFI or BPE as 40 per cent equity holders have played to put a stop to the boardroom games that were going on at the expense of the growth of the company?
On its part, noting the strong public interest generated by the events at the firm, NERC which provided further clarifications, said : All staff of EKEDC, irrespective of their form of engagement, will be subject to the conditions of service of EKEDC.
“The commission deemed it necessary to pass this resolution based on the submission of EKEDP, at the meeting of 20 March 2024, that the Condition of Service (CoS) of EKEDP was not applicable to seconded personnel from third party providers”.
It explained that EKEDC board was expected to conclude its review of its investigation into the allegation of ghost workers to identify all personnel involved in causing loss of revenues to the company no later than March 27, 2024.
“In a case where the indicted parties are seconded from third party providers and since they are reportedly not subject to the EKEDC CoS, they are to be recalled to their parent companies to avoid the risk of further losses to EKEDC,” it added.
It therefore bears cognisance that NERC and MOFI , could use their positions to do what is right for the company, no matter whose ox is gored, including protecting Sanda and members of her team who insisted on putting the good of EKEDC before personal interest.
most well-run power utilities by many indicators. For instance, the last National Bureau of Statistics (NBS) electricity report for Q4, showed that in terms of revenue collection, Eko Disco (EKEDC) was second with N50.18 billion.
With 690,032 customers, according to the report, electricity supply by the Disco during the period was 6,432 (Gwh) in Q4, 2023 from 5,732 (Gwh) in the previous quarter. Eko also had 934 Gwh billed, one of the highest in the sector.
Besides, the distribution company collected N14.9 billion as of March 28, 2024, recording a peak collection of about N17.1 billion in January 2024.
Coincidentally, Sanda on her social media handles during the week, while celebrating her second anniversary as the MD of the Disco, revealed the many achievements of the Disco.
“I am filled with pride over our victories against all odds: achieving a record collection of N14.9 billion as of March 28, 2024 and cutting Aggregate Technical and Collection (ATC & C) losses to 4 per cent. Not to mention that our peak collection moment of N17.1 billion in a single month, achieved in January 2024, stands as a testament to our commitment and hard work.
“These milestones have significantly propelled our service and efficiency forward. Following our recent strategy session in February 2024, we set an ambitious target for ATC & C losses at 11.85 per cent.
“Yet, we’ve surpassed expectations by achieving a remarkable single-digit rate of 4 per cent just a month later,” she pointed out, stressing that the strategy was always to embrace resilience, firmly believing that no goal or challenge is insurmountable.
Despite challenges faced by her, she promised to do more, having been inspired by Michelle Obama’s words, “When they go low, we go high.”
A day later, describing the moment as a finest anniversary gift which had come from the highachieving EKEDC team, she added that as of March 29, the company had catapulted its ATC & C efficiency to an outstanding 3 per cent, a significant leap from the 4 per cent recorded just a day before.
Also, she stated that the collective triumph had propelled EKEDC’s total collection to an impressive figure of N15.2 billion as of that day.
Earlier, on March 16, 2024, EKEDC, also commissioned a state-of-the-art 2 X 20 MVA Randle Injection Substation for customers within the Surulere axis of its franchise area. The substation added about 30 megawatts of power to that area will profile relief for existing substations, thereby removing the possibility of load-shedding.
A History of Achievements
By Abdullahi Usman
There have been a few writeups and commentaries on the above subject lately, and it is quite amusing how an event that represents a classic case of the familiar boardroom coup, in the form of the hostile takeover of a bank from its previous owners several years ago, is now suddenly being criminalised. The acquiring parties in the transaction have been dubbed “political thieves” in one instance and projected in similar uncomplimentary epithets in several other instances.
We may not approve of it, all right, but without going into the specifics of the institution and personalities involved in the case at hand, hostile takeovers are widely accepted forms of acquiring businesses. They also do occur with something of uncommon regularity the world over, every now and then.
Hostile takeovers refer to the acquisition of targeted corporations, often against the express or tacit wishes and preferences of their existing board and management. Plus, they are perfectly legal and effectively regulated, with adequate provisions to deal with errant behaviour on either side. They are distinct from friendly takeovers, in which the two parties to the transaction mutually agree to cooperate towards the same result.
Often accomplished by stealth, a hostile takeover
The committee’s submission and recommendation, it was gathered, completely deviated from the template already created in the past, for disciplining errant takes place when an acquiring entity, also described as the acquirer or aggressor, desires to attain full control of the target company by way of the surreptitious acquisition of a significant enough quantum of its shares from existing shareholders. More often than not, that is achieved without the prior knowledge, sanction, and/or cooperation of the target company’s existing management and/or owners, who are subsequently bought out in the end.
It is imperative to stress at this point that the entire setting around the hostile takeover undertaking is centered around the application of the willing-buyer, willing-seller principle; between and amongst holders of the target company’s stocks and potential investors desirous of acquiring same, and it is achieved through the instrumentality of the appropriate medium for the trading of the stocks.
Through such legal stock transactions, the stake of the original owners or majority shareholders gradually gets diluted as the shares exchange hands and new buyers are brought in; a process that can be accomplished within a relatively short time span or over an extended period from start to finish. Once the aggressor has acquired a reasonable enough proportion of shares to trigger a takeover, the deed is as good as done.
Of course, in all probability, the target company would view a hostile takeover as nothing short of a brazen assault or an undesirable invasion aimed at undermining
Under Sanda, it would appear without doubt that Eko Disco has unarguably emerged one of the two the independence and effective control of its existing management team. And rightly so too. Conversely, advocates and/or supporters of hostile takeovers would argue that they help stimulate and promote impactful positive changes and improvements in the acquired entity. These can manifest in the form of improved corporate governance practices, along with enhanced operational efficiencies and increased shareholder value in the acquired entity.
EKEDC under Sanda has also committed to bridging the metering gap entirely by 2028 with a realistic and achievable plan of metering 120,000 customers yearly within the next five years. No reasonable firm worth its salt, it is believed, would sacrifice competence on the altar of politics.
To Revisit History is Not to Revise It: The Access Bank Takeover PERSPECTIVE
Now, we may not approve of the methods employed in the case of Access Bank acquisition well over two decades ago today, for example, and that is fine. But the next logical and honest question we should all ask ourselves is whether or not the acquisition and subsequent takeover of the bank from its initial promoters has achieved the above-stated objectives.
And a dispassionate response to that question should necessarily take into consideration the current standing of the bank in the industry, vis-a-vis the state it was prior to the acquisition, while also not losing sight of the fact that many of the bank’s contemporaries established at or about the same time with it have since gone under.
It is also worthy of note that the same or similar hostile takeover practices that some of the writeups in reference actively seek to criminalise are still happening, both in the nation’s financial services industry and in other critical sectors of the economy even as we speak.
Indeed, the latest of such takeovers occurred just recently when Femi Otedola effectively took over as Chair of First Bank of Nigeria (FBN) Holdings Plc in a similar fashion, by virtue of his becoming the largest shareholder of the bank through his direct and indirect holdings. Another instance, albeit a failed one, would be that of the attempted takeover of Transcorp Plc, with investments in the Hospitality, Power, and Oil & Gas Sectors, also by the same investor not long ago. This was, however, promptly resolved amicably through negotiations between the two parties, in the overall best interest of the organisation.
Other notable examples of hostile takeovers from across the world include: the acquisition of Time Warner by America Online Inc. (AOL), regarded as the biggest and one of the most aggressive takeover bids to date; InBev’s acquisition of Anheuser - Busch, maker of Budweiser in mid-2008; the acquisition of PeopleSoft by Oracle towards the end of 2004; that of RBS and ABN Amro in October 2007; and Kraft Foods’ takeover of Cadbury, amongst several others.
Of course, there are several initiative-taking and reactive defensive strategies out there that can be employed to guard against hostile takeovers and/or respond to them, which the original promoters of Access Bank obviously failed to take advantage of at the time. but that is an entirely different discussion for another day.
19 THISDAY • THURSDAY, APRIL 04, 2024
NIGERIA AND ARTIFICIAL INTELLIGENCE STRATEGY
SONNY IROCHE argues the need for collaboration among critical stakeholders for effective implementation of a national AI strategy
See page 21
PARTY PRIMARIES AND THE VICISSITUDES OF POLITICS
Party primaries breed corruption in the system, argues JOSEF OMOROTIONMWAN
See page 21
EDITORIAL GAS FLARING AND SHELL’S CONFESSION
See page 22
Birthdays are suitable for reflecting on paths taken, tasks at hand and roads ahead, writes MONDAY PHILIPS EKPE
MEMO TO PRESIDENT TINUBU AT 72
Even those who disagree with you, President Bola Tinubu, would concede that your widely announced decision to keep your birthday this year away from pomp, pageantry and lavish media attention because of the nation’s mood is top-notch. That some persons did not heed that wish didn’t take away its significance. It’s on record that you decided to keep low your first anniversary since becoming president on the declared grounds of empathy and sensitivity. Ironically, however, it’s also because of the prime position of March 29 this year in your life as Nigeria’s number one citizen that some people won’t allow it to simply fade from the pages of history.
Here’s pushing the rationale further. To say that you, Asiwaju Tinubu, are not a true man of history is to deny the obvious. And this goes beyond your taking the oath of office to lead the country on May 29 last year. In the face of scepticism, cynicism and strong oppositions, you had seized several opportunities to proclaim your intention to see your lifelong ambition of being president through. At the climax of what appeared to be an arrogant daring of fate, you even moved steps higher into the realm of “it’s my turn”, the avalanche of formidable opposing interests and personalities notwithstanding.
In less than two months, you who, to many people, didn’t quite look like someone who could withstand the rigours of Aso Rock, will mark your one year as the leader of the largest concentration of black people on earth. The ranks that match or surpass that description are not many in the world. Drums aren’t needed to remind Nigerians about the importance of their president(s). But, for you Sir, birthday celebrations or not, you need moments of introspection, away from the ever-present madding crowds around you, in order to acquire the requisite energy to move on. You shouldn’t be that leader who allows the noise around him to drown his own innate properties. No matter how flamboyant or compelling a king’s externalities are, he mustn’t ignore the critical strengths that lie within himself.
Now that you’re 72 years old, Your Excellency, spend some time to think deeply, to reflect on the job placed on your battle-tested shoulders. Those who had dared to doubt your ability to brave the odds and clinch that crucial victory pronouncement by the Independent National Electoral Commission (INEC) have been silenced. And the patriotic, resilient fighters who went up to the Supreme Court to pursue their “stolen” mandate have since yielded whatever is left of their dreams to the almighty, after reaching the end of the legal road. Even the discomfiting allegations that have trailed much of your sojourn in politics may no more have the ability to bite. And barring any unforeseen circumstance, you’ll finish your term in 2027 and, in a predictable
Nigerian way, gun straight for the second stanza.
But, Mr President, whoever tells you that the journey ahead of you will be that simple has lied to you. Apart from the fact that a chunk of the destinies of men and women is not under their own control, the people you govern, most of whom lack the gut to even speak for themselves, are in various stages of disillusionment and despair. In theory, at least, they put you in your exalted seat. Their helplessness should never be misconstrued as a permanent disability. Material things, money and political posts aren’t all there is to power. The wishes, goodwill, frustrations, anguish and prayers of the people actually form metaphysical, if not spiritual, clouds. And the rains do fall. The repercussions for the persons who fritter away their chances to provide quality, selfless leadership at different levels are too multifaceted to list here.
Jagaban of Nupe Kingdom, you’ve been around long enough to know the fixation of our political class with the term, hope. It’s unfortunate that “Hope 1993” which was packaged and driven by the late Chief Moshood Abiola went the way it did. Fast forward to 2015. I doubt if any Nigerian president will ever replicate the kind of enthusiasm that ushered former President Muhammadu Buhari into office that year. As everybody knows and you’ve kept reminding everyone publicly about the centrality of your role in his emergence, it’s practically impossible to distance yourself from the perceived failures of his government. I say this because recently some of your aides started suggesting that you’re surprised about the depth of those failings. The Renewed Hope mantra upon which you anchored your own quest for the top job is yet to earn the respect of your long-suffering compatriots. Most of them have since succumbed to resignation and ennui.
I’m convinced that the gods haven’t played a fast one on you by making sure that you directly succeeded the man from Daura. You threw everything you had into the ring and it payed off, against daunting odds. While I won’t agree with anybody who thinks that nothing good happened during the eight years of your predecessor,
truth be told, the feelings and convictions of many Nigerians about Buhari’s performance fell too short in comparison with the euphoria that welcomed his second coming to the nation’s topmost desk. In plain language, his administration underachieved substantially. Now the scars are everywhere. But excuses and windy explanations can’t take the place of respectable memories.
I listened to someone the other day attempting a theory in the form of rhetorical questioning: “Has any Nigerian government done better than the preceding one, especially since this current republic started in 1999?” What sombre, frightening, recurring reality! Mr President Sir, your diehard supporters believe that you’re a special one. So unique that all the eminent Nigerians who have governed the wonderful but difficult Lagos State can’t measure up to you, particularly in their developmental efforts. If that’s hyperbolic, it isn’t mine. The idea formed a major strand of your campaign in the runup to the 2023 presidential election. No argument about its validity even matters at this point.
Kindly look back a bit, Sir. Buhari had been as loved as any Nigerian leader would ever wish; yet he got some key things terribly wrong. Unlearn from him fast. No luxury of time-wasting. No good reasons exist why statutory positions in some public institutions still haven’t been filled over 10 months into your administration. Councils of most federal tertiary institutions are not in place, with all the attendant bottlenecks. You inherited that problem from the last government but here comes a chance to prove that you have a better grasp of functional education. Only few of your appointees seem to know why they’ve been invited to the party. One of the saddest aspects of having Buhari in the saddle was his clear inability to monitor delegated authority and take adequate and prompt responsibility. That way, some of his ministers and heads of parastatals had the inglorious credit of comfortably presiding over directionless entities for four to eight years. One or two of them even confessed about their incompetence at the twilight of the tenure, of course, without consequences.
Mr President, congratulations on naira’s reported revival in the forex market. But Nigerians can’t immediately troop out in jubilation. They’re still bogged down by issues that have conspired to ruin their joy and wellbeing. None of these challenges has its roots in the last one year, meaning they all successfully defied your predecessors. That’s no credible alibi to perpetuate underperformance. Your shot should now be used to authenticate and immortalise the Asiwaju Tinubu brand, if indeed you have one. Get on target fast!
Dr Ekpe is a member of THISDAY Editorial Board
1 THISDAY THURSDAY APRIL 4, 2024
opinion@thisdaylive.com
www.thisdaylive.com
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Thursday April 4, 2024 Vol 29. No 10591
SONNY IROCHE argues the need for collaboration among critical stakeholders for effective implementation of a national AI strategy
NIGERIA AND ARTIFICIAL INTELLIGENCE STRATEGY
Artificial Intelligence (AI) has emerged as a transformative technology with the potential to revolutionize industries and drive economic growth. In Nigeria, the successful adoption of AI hinges on a collaborative effort involving the government, businesses, researchers, and international partners. By working together towards common goals, Nigeria can harness the power of AI to enhance productivity, spur innovation, fight corruption and militant insurgents, and address the many societal challenges that have plagued the country for several years.
It is important to prescribe and emphasize to both the public and private sectors, the importance of collaboration in implementing a national AI strategy in Nigeria and to suggest ways in which major stakeholders can contribute to the country's future success in this world-wide evolving technology that’s about to disrupt the global ways of doing nearly everything including healthcare, education, energy, warfare, manufacturing, agriculture, banking, transportation, and many others.
In pioneering the call for Nigeria to pay serious attention to the technological disruptive emergence of AI in our development as a leading economy in Africa, it is equally essential to delve into the critical role of collaboration in advancing the adoption of Artificial Intelligence in Nigeria. It underscores the need for synergy among stakeholders, including the government, businesses, researchers, and international partners, to effectively implement a national AI strategy. I will also like to highlight the benefits of collaboration, and identify key areas where contributions are essential, and offer actionable recommendations for driving collaborative innovation in the realm of AI in Nigeria.
reputable universities, such as Oxford, Imperial College and MIT, just to name a few. The new knowledge acquired by these Nigerians abroad should be encouraged to return and impart their knowledge locally.
In order to leverage on the knowledge and progress recorded so far by companies like Nvidia, Dell, Microsoft, Google and others, it is essential that there is a simultaneous International partnership, collaboration and knowledge exchange, between businesses.
Collaboration with international partners, tech companies, and AI experts can provide valuable insights, best practices, and access to global AI networks.
Engaging in knowledge exchange, joint research projects, and capacity-building initiatives with international stakeholders can enhance Nigeria's AI capabilities, foster innovation, and position the country as a competitive player in the global AI landscape.
The race for AI superpowers had long began, particularly after the launching of ChatGPT. The USA, China, India and the UK, have emerged as clear leading countries in the AI race. Unfortunately, Africa is still grappling with other developmental issues and not paying enough attention to the realities of the game-changing and disruptive consequences of AI technology.
In an article of mine on, “Need For A Regulatory Framework For Artificial Intelligence In Nigeria”, published in The New Diplomat newspaper, September 23, 2023, I posited the need for the federal government of Nigeria to come up with a National Policy Framework, for the regulation of the use of AI in Nigeria.
Since the government is expected to play a key role in setting up the strategic direction and creating a conducive policy environment for AI adoption, collaborating with policymakers, regulatory bodies, and industry stakeholders can help establish ethical guidelines, data protection laws, and funding mechanisms to support AI initiatives in Nigeria.
Next, is to engage Industry and business leaders to buy into the AI digital transformation of Nigeria’s business ecosystem by technology adoption. Businesses are key drivers of AI innovation and adoption, leveraging AI technologies to enhance operations, drive growth, and deliver value to customers.
Collaborating with industry leaders, startups, and SMEs can facilitate the deployment of AI solutions across sectors such as finance, healthcare, and agriculture, stimulating economic development and job creation.
Another crucial aspect of the AI implementation matrix in Nigeria, is Research and Development Collaboration and the need to bring together researchers and academia to play a vital role in advancing AI capabilities through cutting-edge research, talent development, and knowledge sharing.
Collaborating with universities, research institutions, and tech hubs can foster a culture of innovation, support AI education programs, and facilitate technology transfer to accelerate AI adoption in Nigeria. A few of us Nigerians are trailblazers in research and studies of AI in
In order to mitigate against being left out of the AI adoption and advancement, Nigeria must exert its influence and show leadership on the continent, in the implementation of Africa’s AI Readiness Assessment, by proceeding as follows:
Government-Industry Collaboration:
- The Nigerian government should partner with leading tech companies to launch AI innovation hubs, incubators, and funding programs to support AI startups and scale-ups.
- Collaborative initiatives such as the establishment of AI research centers, public-private partnerships, and regulatory sandboxes enable businesses to test and deploy AI solutions while ensuring compliance with data privacy regulations.
Research Collaboration and Talent Development:
- Nigerian universities collaborate with AI research institutions to develop AI curriculum, training programs, and knowledge sharing platforms for students, researchers, and industry professionals.
- Joint research projects, hackathons, and AI workshops create opportunities for collaboration, skill development, and cross-disciplinary exchange, fueling innovation and building a robust AI ecosystem in Nigeria.
In a nutshell, for Nigeria to leap-frog into the next AI revolution that is changing nearly all aspects of human life, there is an urgent need for the launch of a successful implementation of a national AI strategy in the country that hinges on collaborative efforts among stakeholders from various sectors- government and the private sector. By fostering partnerships between the government, businesses, researchers, and international allies, Nigeria can leverage the transformative potential of AI to drive economic growth, foster innovation, and address societal challenges. Each stakeholder has a vital role to play in contributing to Nigeria's AI journey, whether through policy advocacy, technology adoption, research collaboration, or global partnerships. By working together towards a common vision, Nigeria can position itself as a frontrunner in AI innovation, unlocking new opportunities and shaping a prosperous future for its citizens in the age of Artificial Intelligence.
• Iroche is a Post Graduate Student in AI for Business at the Saïd Business School of the University of Oxford, UK
Party primaries breed corruption in the system, argues JOSEF OMOROTIONMWAN
PARTY PRIMARIES AND THE VICISSITUDES OF POLITICS
Nigerians are peculiar people, unique in every sense. They are simple and easy to satisfy. All you need is to earn their trust and you are good to go.
In their simplicity, they could occasionally scramble for everything – even the mundane and not so useful.
The outsider would easily see political life as exciting and alluring, hence the average Nigerian politician is seen as a tax-eating parasite – underworked and over-paid. But in reality, particularly with the introduction of grassroots politics, it has not been a walk in the park.
Rather, politics in Nigeria has been one long string of struggles, only punctuated by static moments of delight.
Elsewhere, certain things are taken for granted but in Nigeria, the politician must struggle for everything, including some innocuous party offices for which there are no remunerations.
Nigeria is one place where the political party is particularly important only for its symbolic value: it gives members something to call their own, while at the palm-wine bar; and something to identify with, and vote for, on election day.
Fast track to the current democratic experimentation. I have mentioned elsewhere that it has not always been bread and butter. In the beginning, what looked like the National Convention weekends of the political party were spent in the middle of nowhere, with all the attendant hazards.
There were delegates from all parts of the country. In the particular case of those of us from Edo State, we were sandwiched into three Edo City Municipal buses that set off around 9:00pm on the eve of the Convention. We drove all night and arrived Abuja or Kaduna in the wee hours of the Convention Day.
Occasionally, we were lucky to have a place to freshen up before moving to the Convention Centre. On other occasions, we were there just in time to move straight to the Convention Centre in our raw form.
Essentially, it was a journey from the bus to the Convention Centre on Saturday morning; and as soon as the Convention ended in the evening, we hopped into the buses back to Benin City. We arrived in Benin City on Sunday morning.
Call it starvation, fasting, or what you will, the truth is that we undertook those journeys on empty stomachs because they were undertaken at most unholy hours when food vendors, including the roasted yam sellers in Auchi, were fast asleep! Yet, at the end of it all, the politician is seen as the manager of enjoyment.
We have been looking at the formation stage of the political party. The real struggles set in as soon as the party is formed. That is when the various positions loosely called the Executive Committees at every level – from the Village to the Ward, to the Local Government, to the State, to the Zone and to the National – are constituted.
The major question at the center of all this is the allocation of scarce resources – who gets what?
As interests multiply, water begins to find its level. Very soon, people who used to be friends begin to identify different points at which they can fulfill their aspirations. And too soon, you find that even within one political party, there are many political parties. Factions have now been born in the political parties.
These factions start very small, but with time, they metamorphose into big networks. As long as you want to remain relevant in politics, the foot soldiers at the home base must be constantly nurtured. It does not cost a bundle. Mere recognition does it most of the time. The leader that does not remember his home support base soon fades away.
At the inception of the Two-Party contraptions of the Ibrahim Badamasi Babangida years, this writer found himself on the NRC side. Midway, things fell apart and the center could no longer hold.
I took my supporters, some of whom had positions in the NRC, to the SDP. We got to SDP at a time when all positions had been filled. And in politics, it is a capital error to ask an elected official to step down to make room for a newcomer. I needed the new party, and the new party did not need me any less. Meanwhile, I was sitting on the floor; and they pitied me. So, what do they do?
I devised a master stroke, and they bought it. Since all substantive positions were already filled, I talked them into creating the positions of Assistants, where none existed, at least as an interim measure till the next elections. At the end of the day, I had a hamper full of Assistant this and Assistant that, which I distributed among my supporters. It was a coup! We had taken over the party. At Ward meetings, the votes of each of the Assistants bore the same weight as that of the Chairman. At meetings, they sat at the high table; and in some cases, they were smarter than the person they were assisting.
I took the same idea to the Local Government, and it worked to an extent. From the smallest things, the greatest often grow. Before the next elections, some of these people had branched off to other areas: some had become Local Government functionaries (Chairman, Councilor, Supervisor, etc.). I could travel anywhere, assured that the home base was secured.
The Primary Election has become the qualifying test for election into any position. It has gained such importance lately to the extent that Nigeria is happening to it. It has assumed a very disturbing dimension –enough to worry any right-thinking person.
In the beginning, there was the Direct Primary. Adherents to this mode of Primary believed that even when their party was organizing the Primary, its product ruled over everybody, not just members of the Party. It, therefore, made sense that everybody in the area should participate in the Primary.
Yes, that was a sound judgement, but it was susceptible to abuse. Political opponents soon moved in massively and invaded the Primary. They voted for a weak candidate that their own Party’s candidate could easily beat at the general election. It was discontinued!
What we have in Nigeria are Closed Primaries.
As mentioned earlier, Nigeria has happened to these ones, and they have become totally bastardized. In the Primaries of the various Parties for the forth-coming gubernatorial elections in Edo State, each of the major political parties came up with many aspirants claiming victory at their Primary election.
How did we get here? First, we see commercialization breeding corruption. Why should an intra-party exercise of picking the person to represent your Party at an event cost N50million, the amount of bashing received by the Naira lately, notwithstanding? That’s just the beginning.
A man who spends N50million to buy a plant must be prepared to spend N500million to water that plant to fruition. That’s how the exercise eliminates the good ones and springs up only the strong as the fittest. It is antidemocratic.
The evil practice of camping delegates on the eve of Primaries must stop.
And every Nigerian politician should have a second address, thus making politics a pastime.
Omorotionmwan writes from Canada
3 THISDAY THURSDAY APRIL 4, 2024
21
Routine gas flaring is a 160-year-old industry practice of wastefully burning, rather than using or conserving, associated gas, a byproduct of oil production. This massive flaring by Shell ranks Nigeria among the largest seven practitioners since 2014. Others are Russia, Iraq, Iran, the United States, Algeria, and Venezuela. The federal government should therefore be concerned by the shocking confession Shell made in its Energy Transition Strategy 2024 report. “Around 50 per cent of total routine and non-routine flaring in our Integrated Gas and Upstream facilities in 2023 occurred in assets operated by the SPDC and Shell Nigeria Exploration and Production Company,” the report stated.
The flaring of gas, according to scientists, contributes to climate change and impacts the environment through the emission of CO2, black carbon, and other pollutants. It also wastes a valuable energy resource that could be used to advance the sustainable development of producing countries. To end this wastefulness and save the environment and humanity, the World Bank in 2015 launched the “Zero Routine Flaring (ZRF) by 2030” initiative that commits governments and oil companies to end routine flaring no later than 2030. The Initiative is designed to facilitate cooperation between all stakeholders so that solutions to ending routine gas flaring can be identified and implemented.
sell SPDC to a consortium of five companies, subject to approvals by the Federal Government of Nigeria and other conditions. And Shell is one of the companies that endorsed the World Bank initiative. “In 2021, we brought forward our target to eliminate routine flaring from our upstream operations to 2025 from 2030. This accelerates our commitment in 2015 to end routine flaring as a signatory to the World Bank’s Zero Routine Flaring (ZRF) by 2030 initiative,” the company stated. Yet, it has operated in Nigeria without due regard for its own pledge.
We must ensure continued global momentum and additional commitments from governments and industry to end this polluting and wasteful industry practice of routinely flaring associated gas
While the Initiative is voluntary, commitments are monitored through a variety of means, including government and company reports and satellite observations. ZRF endorsers now account for approximately 60 per cent of total global gas flaring. However, between now and 2030, the World Bank said, “We must ensure continued global momentum and additional commitments from governments and industry to end this polluting and wasteful industry practice of routinely flaring associated gas.”
On 16 January 2024, Shell reached an agreement to
EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN
Environmentalists find Shell’s position distasteful, and as an attempt to whitewash its dirty carbon footprint. “Imagine the scandal of having 50 per cent of their global routine gas flaring in Nigeria. They will soon come up with a fake gas flaring accounting system assigning the onshore flares to the ‘new’ operators of their fields,” said an environmentalist, Nnimmo Bassey, Executive Director, Health of Mother Earth Foundation. “This is the time for the government to clarify who bears responsibility for 68 years of oil spills and routine gas flaring in the respective fields. How much cash or bonds has Shell deposited for the auditing and cleaning up of the mess? It should be borne in mind that right from before/when Shell commissioned the Niger Delta Environmental Survey (NDES) they knew the enormity of havoc they have brought to the region.”
Environmentalists are also questioning the outcomes of the Nigerian Gas Flare Commercialisation Programme (NGFCP) that was designed as “an opportunity for the federal government, industry, state government, ethnic nationalities, and local communities to work together to resolve an oil field unacceptable practice.” But despite ratifying the Paris Climate Change Agreement and being a signatory to the Global Gas Flaring Reduction Partnership (GGFR) principles for global flare-out by 2030, there is nothing to suggest that Nigeria is serious about this “unacceptable practice.” Shell and other companies are taking advantage of that lack of seriousness.
FUBARA: USING RIVERS’ RESOURCES FOR THE PEOPLE
It was Warren Bennis (1925-2014) who once pontificated on the essence of leadership thus, "Leadership is the capacity to translate vision into reality". Without mincing words, the tenets of that postulation is quite evident in the actions of Governor Siminalayi Fubara in managing the affairs of Rivers State. His determination to leave enduring legacies in all sectors of the state's economy is fundamental to measuring the output of governance within a space of time. Just like Warren Bennis posited, Sir Fubara came in with the consolidation and continuity mantra, but in delivering on that mandate, he has simplified governance such that Rivers people are becoming more satisfied with his approach to tackling various issues of development.
For once, a government took the audacious step to initiate a multi-billion naira project funded from internally generated revenue savings and not from borrowed funds. Perhaps, this will further showcase the capacity of Sir Fubara as a seasoned accountant who is committed to prudently manage the state's resources for the actual development of the land-
scape and its people.
Indeed, the recent award of Elele-Umudioga-Egbeda-Ikiri-Omoku road worth N81bn by the State Executive Council jolted the naysayers as Governor Fubara revealed that the project will be funded from savings without borrowing.
Significantly, the road traversed three local government areas with high economic relevance especially in agriculture, oil and gas production amongst others. The LGAs include Ikwerre, Emohua and Ogba/Egbema/Ndoni local government areas.
Due to its value, the proposed project which is originally a single lane is now redesigned to 7.8 square meters dualised carriage way stretching through 33.5 kilometers with wearing course of 499,100 square meters and drainages of 47,128 meters. It will also interest discerning minds to know that the road has a 99-meter bridge between Egbeda and Omoku. Some of the features of the road include culverts, central median, cement sand stabilized sub-base and granite base course. Others are street lighting in built up areas, and road
marking using reflectorized thermoplastic paints.
It is noteworthy that the specification of works for the road earthworks include hydraulic sand filling in areas from 1.5 meters to 3.5 meters deep and approved laterite filling.
Very commendable is the immediate award of the project to another competent firm, Craneburg Construction Company and the disbursement of 50% of the project sum worth over N40 billion. It is obvious that such a proactive approach will encourage the contractor to speed up works so as to meet the target 24 months completion timeline. Indeed, Governor Siminalayi Fubara described the road as one of his signature projects that he is determined to deliver promptly as a testament of good governance.
As it is, Governor Fubara is already making a loud statement by truly deploying Rivers resources in a more profitable venture of advancing development for a greater Rivers State that will certainly benefit the people.
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Stories by Emma Okonji
The world’s generation of electronic waste is rising five times faster than documented e-waste recycling, a report jointly released by the International Telecommunications Union (ITU) and the United Nations Institute for Training and Research (UNITAR) has revealed.
According to the report, 62 million tonnes of e-waste was generated in 2022, while, less than one quarter (22.3 per cent) of the year’s e-waste mass was documented as having been properly collected and recycled in 2022, leaving $62 billion worth of recoverable natural resources unaccounted for and increasing pollution risks to communities worldwide.
In Nigeria, there are lots of e-waste dump sites that also constitute pollution in the environment.
The report however said that globally, the annual generation of e-waste had been on the rise by 2.6 million tonnes annually, on track to reach 82 million tonnes by 2030, a further 33 per cent increase from the 2022 figure.
E-waste is any discarded product with a plug or battery that constitutes health and environmental hazard, containing toxic additives or hazardous substances such as mercury, which can damage the human brain and coordination system.
The report foresees a drop in the
documented collection and recycling rate from 22.3 per cent in 2022 to 20 per cent by 2030 due to the widening difference in recycling efforts relative to the staggering growth of e-waste generation worldwide.
According to the report, the challenges contributing to the widening gap include technological progress, higher consumption, limited repair options, shorter product life cycles, society’s growing electronification, design shortcomings, and inadequate e-waste management infrastructure.
The report underlines that if countries could bring the e-waste collection and recycling rates to 60 per cent by 2030, the benefits - including through minimising human health risks, will exceed
costs by more than $38 billion.
It also noted that the world remains stunningly dependent on a few countries for rare earth elements, despite their unique properties crucial for future technologies, including renewable energy generation and e-mobility.
Commenting on the implication of e-waste, Executive Director at UNITAR, Nikhil Seth, said: “Amidst the hopeful embrace of solar panels and electronic equipment to combat the climate crisis and drive digital progress, the surge in e-waste requires urgent attention.”
Director, ITU Telecommunication Development Bureau, Cosmas Luckyson Zavazava, said: “From discarded televisions to dumped telephones, an enormous amount
of e-waste is generated around the world. The latest research shows that the global challenge posed by e-waste is only going to grow. With less than half of the world implementing and enforcing approaches to manage the problem, this raises the alarm for sound regulations to boost collection and recycling. The Global E-waste Monitor is the world’s foremost source for e-waste data allowing us to track progress over time and to make critical decisions when it comes to transitioning to a circular economy for electronics.”
Head, Environment and Emergency Telecommunications Division, ITU Telecommunication Development Bureau, Vanessa Gray, said: “The Global E-waste Monitor shows that we are currently wasting
$ 91 billion in valuable metals due to insufficient e-waste recycling. We must seize the economic and environmental benefits of proper e-waste management; otherwise, the digital ambitions of our future generations will face significant risks.”
The report further said 18 million tonnes of e-waste is managed mostly by the informal sector in low and lower-middle income countries with no e-waste management infrastructure, adding that any material values recovered by the informal sector are largely (perhaps more than) offset by extremely high health and environmental costs.
Mastercard has collaborated with Mono Technologies Nigeria Limited to introduce account-to-account (A2A) payments and a suite of other open banking products, powered by Mastercard Gateway.
The collaboration will leverage Mono’s expertise in open banking and Mastercard Gateway’s advanced payment technology to provide businesses in the region with a secure and streamlined A2A payment
solution, addressing evolving consumer needs and enhancing the overall payment experience. This is the first A2A payment implementation via Mastercard Gateway in the Eastern Europe, Middle East, and Africa (EEMEA) region.
Speaking about the collaboration, Country Manager and Area Business Head, West Africa at Mastercard, Folasade Femi-Lawal, said:
“Embedding Mono’s open banking solution within Mastercard Gateway forms an integral part of our strategic blueprint to enrich and expand the payment methods available to our customers. We envision a future where secure, efficient A2A payments transcend from being merely aspirational to an everyday reality, providing seamless transaction experiences for our customers. This collaboration not only underscores
Mastercard’s commitment to driving innovation and advancing financial inclusion in Nigeria and beyond, but also aligns closely with Central Bank of Nigeria’s mission to provide digital payment experiences to Nigerian citizens.”
CEO and co-Founder of Mono, Abdul Hassan, said:
“This is an important step for us and for Fintech and Open Banking payments in Africa. The
collaboration with Mastercard bolsters our efforts and expands our influence in Nigeria and the African region, allowing us to provide more innovative Open Banking payment solutions and contribute actively to the evolving needs of internet businesses and consumers in Africa.”
Mono, an Open Banking infrastructure company, aims to enable businesses to collect direct
bank payments and get userpermissioned access to customer financial data reliably and securely. With over 50 financial connections across Africa, Mono’s mission is to power Africa’s internet economy and enable businesses to provide personalised and innovative services to consumers across the continent.
Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com 08056356325 23
MONEY MARKET REPO S & P INDEX S & P INDEX EXCHANGE RATE OPR 11.25% CALL 19.12% INDEX LEVEL 611.31% 1/4 TO DATE -0.07% N795.28/ 1 US DO ll AR* OVERNIGHT 11.50% 1-MONTH 16.25% 1-DAY 0.03% YEAR TO DATE 0.48% *AS AT M ONDAy, J U ly 24, 2023 3-MONTH 15.75% MONTH-TO-DATE -0.7% BONDS DESCRIPTION Price Yield Change (%) Updated Time ^13.53 23MAR-2025 94.69 19.69 0.01 April 3, 2024 ^12.50 22JAN-2026 90.26 19.03 0.01 April 3, 2024 ^16.2884 17MAR-2027 92.30 19.83 0.00 April 3, 2024 ^13.98 23FEB-2028 84.26 19.95 0.00 April 3, 2024 ^14.55 26ApR-2029 85.19 19.23 0.00 April 3, 2024 Market data a s at Wednesday, a pril 3, 2024 BILLS MATURITY Discount Yield Change (%) Updated Time NTB 11-Apr24 13.00 13.07 0.00 April 3, 2024 NTB 9-May24 14.20 14.44 -0.01 April 3, 2024 NTB 6-Jun24 16.25 16.78 -0.01 April 3, 2024 NTB 11-Jul24 15.10 15.79 -0.01 April 3, 2024 NTB 8-Aug24 15.50 16.44 -0.01 April 3, 2024 OTC FX FUTURES CONTRACT TENOR (MONTH) Contract Current Rate ($/₦) Updated Time 13M NGUS MAR 26 2025 – April 3, 2024 14M NGUS ApR 30 2025 – April 3, 2024 15M NGUS MAy 28 2025 – April 3, 2024 16M NGUS JUN 25 2025 – April 3, 2024 17M NGUS JUl 30 2025 – April 3, 2024 CP S MATURITY Discount Yield Change (%) Updated Time lFZC Cp iV 16-ApR-24 20.97 21.21 -0.01 April 3, 2024 MTNN Cp Vii 14-MAy-24 18.64 19.11 0.00 April 3, 2024 UNCp Cp Vi 20-JUN-24 18.45 19.27 -0.01 April 3, 2024 DUFil Cp iii 25-JUl-24 18.54 19.74 0.00 April 3, 2024 FDHC Cp Vi 2-AUG-24 16.50 17.51 0.00 April 3, 2024 ITU: Electronic Waste Rising Five Times Faster than Documented e-Waste Recycling Mastercard, Firm Collaborate to Power Payment Solutions for Digital Commerce in Africa The story continues online on www.thisdaylive.com The story continues online on www.thisdaylive.com THISDAY • T HURSDAy, Ap R il 4, 2024
Coker: OADC Will Transform Digital Capabilities across Africa
Managing Director, Open Access Data Centres (OADC), Dr. Ayotunde Coker, speaks to Emma Okonji on how the data centre company is transforming digital capabilities across African and the role of its parent company in restoring internet services to networks affected by the recent undersea cable cuts. Excerpts:
Since the establishment of Open Access Data Centre to boost the African market, how has it transformed digital businesses in Nigeria and across other African countries?
Open Access Data Centres, which is part of the West Indian Ocean Cable Company (WIOCC) Group, was established in 2018 and since then we have been building up the data centres. The Lagos Data Centre in Lekki is our flagship data centre and that is where the Equiano subsea cable lands into and the cable has been live for over a year now. For the African market, we also built several data centres in different locations, including Durban and Johannesburg in South Africa and another two in Cape Town in Sierra Leone. In South Africa, we have several Edge Data Centres located at key points of our data concentration that allows us to take content closer to the point of use. We also have data centres in Kinshasa, Democratic Republic of Congo and we are in partnership with the local companies on ground.
In Kinshasa, we will be building the first carrier neutral ecosystem and in Nigeria, we have made tremendous progress in building the data centre ecosystem around the Equiano subsea cable. Apart from these data centres that we have established, we also worked on our value proposition called the Converged Open Digital Infrastructure. Our parent company, WIOCC, started as a connectivity data company and has built great assets of subsea cable capacities across Africa on the East and West Coast and it is a consortium partner on the Google Equiano subsea cable, which lands into our Lagos data centre location. So we have built very resilient open access infrastructure, which makes us carrier of carriers because other carriers ride on our connectivity. In South Africa, we built long distant networks that allow us to interconnect with others. In Nigeria, we are doing the same thing. So when you look at all these investments across Africa that I have mentioned, you will see that we are transforming digital capabilities across Africa, including Nigeria, thereby boosting economies and individual lives across African countries, and that has huge impact on county’s Gross Domestic Products (GDP). So we are helping to create broadband penetration and adoption across Africa.
Africa has infrastructure deficit that is affecting the growth of digital transformation on the continent. How can your company address the deficit and the issue of barrier to connectivity, given the fact that it supports digital network and infrastructure?
We have built data centres across African countries, including Nigeria, and that is a start and the beginning of the growth of data centre infrastructure that will help boost digital transformation on the African continent. We are also looking at expanding the data centre infrastructure to other African countries like Zambia, Ghana, Cote d’ Ivoire, Malawi among others. This is in addition to the fibre infrastructure that we are already building across Africa. Through the fibre capacity from the undersea cable, we are able to connect Africa to other parts of the world with resilience capacities, and being Open Access Data Centres, we also work with Internet Exchange providers. That is the kind of investments we are making in Africa to bridge the existing infrastructure gap in Africa. Open Access Data Centres is already changing the game by enabling investors to invest in infrastructural development in Africa.
Recently there were multiple cuts on the submarine cable in the Atlantic Ocean around the Senegal and Cote d’ Ivoire axis, which caused severe internet access disruptions to 13 African countries, including Nigeria. Can you share the role of your parent company, WIOCC in the restoration of services?
Yes, our parent company, WIOCC, played a great role in the restoration exercise that brought some forms of normalcy to networks. Since the subsea cable cuts, WIOCC has restored internet services to 35 networks across West Africa, amounting to 2.5 Terabytes capacity with over 100 links. What WIOCC did was to use its capacity on the Equiano subsea cable that was not affected by the cuts to restore services to other facilities and operators that suffered outages in Lagos and elsewhere on the continent. The quick response from WIOCC’s team, brought quick restoration of services, and this shows the resilience of the capacity of our architecture that is seated on the Equiano cable, which helped in the level
of restoration achieved so far.
Given the scenario of the recent undersea cable cuts and the effect on internet access, what do you make of a situation where Africa is without internet connectivity, and how do you imagine the lifestyle of Africa without internet access?
I cannot imagine what the life style of Africans will be without internet because everything revolves around internet connectivity. Businesses and banking transactions are all connected to the internet. So without internet, online businesses and banking transactions will not be possible. The internet, which is driving digital transformation, has become an integral part of our lives, and that is why we need resilience in our internet capacity. So we need locally based hyper-scale cloud capacity that will enable us as Africans to localise our internet access. We also need resilience in international and local infrastructure in Nigeria and the rest of Africa.
Africa maintains 17 per cent of global population growth, and generates only four per cent of global GDP and one per cent of global data centre capacity. What are some of the growth drivers that will boost cloud computing to drive growth and development in Africa?
At the World Bank Global Digital Summit in Washington DC recently, where I featured as one of the panelists, the global population growth and Africa’s contribution to global GDP growth was discussed. There is a huge gap between Africa and the world, in terms of GDP growth, which I termed as ‘prosperity gap’ that has to be closed. There is a whole range of things to be put in place to close the gap such as increased investments and promoting the ‘Ease of Doing Business’ but we also need to close the digital gap between Africa and the rest of the world in order to close the ‘prosperity gap’.
We need more investments in digital infrastructure. So to boost cloud computing, Africa needs growth drivers like ubiquitous broadband penetration and adoption. We also need affordable smartphone penetration in Africa. From the GSMA 2023 analysis, which was presented at the Mobile World Congress this year, there was a significant decrease in 2.5G network and a significant increase in
3G network over the years, and nations are beginning to see increase in 4G and Long Term Evolution (LTE) networks. So private organisations are beginning to invest in digital infrastructure to boost cloud computing that is driving development in Africa.
Given the fast spread of emerging technologies, how can Nigeria and other African countries take advantage of cloud technology to drive business growth and innovation?
Competition and innovation in cloud technology will drive all of that once we have the underlying infrastructure. A few years ago the hype was about Blockchain technology, which is embedded in some aspect of technology innovations that you are seeing today, which of course is a good thing. So it is not about the technology, but about the innovation that comes with the technology. A lot of that innovation seats around cloud technology and the cost to access to cloud technology is significantly lower, which means that it will drive adoption by many organisations, including small businesses.
What makes Open Access Data Centres services unique from the services offered by other data centres in Nigeria?
Standard and our high quality Tier 111 Data Centre service offerings, stand us out among others. Again the speed of our service delivery has also been outstanding. We have open access data centres in Lagos that provides open access protected connectivity around metro and international networks and that is very unique, coupled with the resilience of our capacity. Again we will be building Edge Data Centres across Africa.
How will organisations save cost and maintain zero downtime in business when using your data centre solutions?
It depends on the size of the organisation that is using our solutions. With the kind of ecosystem that we have, local cloud providers are connected to all the networks with a significant benefit to a multiple range of undersea services and connectivity services, which is something they do not need to worry about. For larger organisations they do not worry about connectivity to their different branches as long as they are connected to our services.
We have a leverage of scale that allows us to get highly competitive power as we want to get for the benefit of our customers. So organisations can save a significant amount of their connectivity cost, based on the connectivity that we give organisatons from our Open Access Data Centres. It means the cost of switching for organisations will become low, because we aggregate our services across a whole range of our clients.
Can you share details about the expansion plan of Open Access Data Centres and how such plan can impact on businesses?
Our expansion plan is great. In just one year, we are getting to about 1.3 mega watts of IT load capacity and currently we are breaking grounds on our hyper-scale expansion and we are adding 24 mega watts of hyper-scale AI-ready capacity to our data centre in Lekki, Lagos. We have four hectres of land and we are building on two hectres, while the remaining two hectres is reserved for other innovations that we have to unfold later in the area of solar and green energy.
One of the growth drivers for capacity building in Africa, is what is currently happening with Artificial Intelligence (AI). So as AI innovation increases, organisations will have access to our AI-Data Cenres and get all the benefits that come with it.
ITU Secretary General, Doreen Bogdan-Martin, recently raised the alarm that over 2.6 billion people globally do not have internet connectivity. What do you make of that, given the fact that OADC has been building resilient capacities for data centre connectivity?
Her concern is in line with the value proposition of Open Access Data Centres (OADC) in building broad range of resilient data centres across Africa. We have significant terrestrial fibre connectivity in Southern Africa and in Nigeria, we have long distanct network. We connect not just Africa to Africa, but from Africa to the rest of the world. So we are key player in the global ecosystem connectivity. We are strong in connecting the unconnected and we are enhancing the connectivity of those already connected.
As the data centre infrastructure arm of WIOCC, how has your parent company influenced the growth of data centre infrastructure in Africa?
We are building core data centres across Africa and we are bringing digital ecosystem to Africa. Again we are the only data centre that is delivering contents through our Edge Data Centres across Africa and this has greatly influenced the growth of data centre infrastructure in Africa.
Nigeria has several landing points of undersea cable at the shores of the country, but lacks ubiquitous broadband connectivity at the hinterlands, leading to high cost of internet connectivity. How can Nigeria address this narrative?
There is a determination to move undersea fibre cable capacities from the sea shore to the hinterlands. The plan is to get several kilometers of broadband connectivity in the hinterlands. On our own part, we are connected to every subsea cable that has landing points in Nigeria. The subsea cables that have landing points at the shores of Nigeria that re connected to our data dentures, include: MainOne, Glo1, SAT 3, ACE, and WACS submarine cables. We are also looking at collaboration to move more capacities from the shores of the country to the hinterlands that will drive broadband adoption and connectivity in schools, hospitals, businesses, offices and in public places, and we are playing a big role in that area.
Energy is described as the lifeblood of data centres, but Nigeria lacks adequate supply of energy. How can data centres in Nigeria thrive with poor energy supply and high cost of diesel? Africa and Nigeria are not the only ones faced with the challenges of poor energy supply and high cost of diesel in the digital space. It is an innovation challenge. So what we are doing as an organisation is to look at ways we can innovate to get the required energy that we need. Currently Africa is looking at three to four mega watts of energy demands and we need about 20 mega watts of IT load to deliver on the right capacity. We will continue to innovate to achieve the required energy capacity in Africa and we are doing that, but we are also looking at solar and hydro power to get enough access to sustainable and renewable power.
24 BUSINESS WORLD I N t ERv IEW t h URSDay, a p RIL 4, 2024 • THISDAY
Coker
Increasing Access to Potable Drinking Water
With over 60 per cent of Nigeria’s landmass covered by water, the country still grapples with severe water shortage, a development that underscores the need for government to increase access to potable water, writes Ugo Aliogo
Water is life and it plays an important role to foster peace, prosperity, and conflict prevention. Most Nigerians are still battling with severe cases of water scarcity, especially in the rural areas. With over 60 per cent of the country’s landmass covered by water, it is shocking that the country still grapples with severe water issues. Government at all levels should implement measures to increase access to potable water.
The World Water Day is celebrated on March 22 to create awareness about the billions of people living without access to quality water, clean sanitation and sustainable water use.
The event is an action minded day celebrated globally to tackle the water challenges the world is facing, including Nigeria, and to support the activities of the sustainable development goals six, which reiterate that safe water and clean sanitation be available for all by 2030.
According to the United Nations, when water is scarce or polluted, or when people have unequal, or no access, tensions can rise between communities and countries.
More than 3 billion people worldwide depend on water that crosses national borders. Yet, only 24 countries have cooperation agreements for all their shared water. As climate change impact increases, and populations grow, there is an urgent need, within and between countries, to unite around protecting and conserving our most precious resource.
The theme for this year’s World Water Day, “Water for Peace,” focuses on fostering a more harmonious attitude towards water as a basic human right and not a contentious attitude.
UN WAter rePort
The United Nations World Water Development Report 2024 stated that the world is currently facing a water crisis that can be seen and felt in a multitude of ways, adding that flooding and submersion hazards are growing.
The report said on the other hand that half of the global population is facing grave water shortages. Between 2002 and 2021, droughts affected more than 1.4 billion people, causing the death of nearly 21,000 individuals, noting that the situation could bring about a systemic crisis in the societies. If humanity goes thirsty, fundamental questions on education, health and sustainable development will be sidelined, hidden by the daily struggle for water.
The report brings new data to bear on the important debate, that 50 percent of jobs in high-income countries depend on water, a figure that increases to 80 percent in the lowest-income countries. However, faced with these severe challenges, the report also makes suggestion that to reinforce water education, there is need to step up data collection to guide public policies, and increase private investment to ensure more sustainable management of water resources.
According to the report, “Universal access to water for drinking, sanitation and hygiene will require an annual investment of around US $114 billion until 2030. This is indeed a considerable sum – but the cost of inaction will be significantly higher. Our 2024 report puts international cooperation at the heart of proposed solutions – in line with its theme, ‘Water for Prosperity and Peace’. It takes as a starting point a simple fact: rivers, tributaries, lakes and aquifers know no borders. For this reason, over the years, water management has more often been a source of cooperation than one of confrontation.”
FG’s PArtNershIP
The Federal Government of Nigeria, in collaboration with UNESCO and Development Partners, had on Friday 22nd March, 2024, underscored the critical importance of ensuring universal access to clean water and sanitation for all Nigerians by 2030.
This was revealed at the Commemoration of 2024 World Water Day held in Abuja, with the theme, ”Water for Peace,” attended by key stakeholders including the Minister of Water Resources and Sanitation, Prof. Joseph Utsev and representatives from various development partners. Highlighting the significance of accessibility to water for the economic growth of the country, Utsev emphasised the urgent need to implement robust policies and programmess aimed at improving water supply and sanitation infrastructure.
He underscored the federal government’s dedication to increasing investment in water resources projects and initiatives, with a focus on bridging the gap and ensuring universal access to water, sanitation, and hygiene services across all socio-economic strata of the country.
He further explained the importance of water, stating that its value is significantly enhanced
with proper hygiene and sanitation practices. He added that simultaneously addressing the challenges relating to Water Resources Management is vital to ensuring nationwide access, adequacy, and sustainability.
In advocating for an inclusive approach, the minister highlighted the necessity of fostering equitable access to Water, Sanitation, and Hygiene services to advance social justice and collective prosperity. He emphasized that marginalized groups such as women, individuals with disabilities, and youths must not be overlooked nor sidelined.
Utsev revealed that the Federal Ministry of Water Resources and Sanitation has embarked on various initiatives aimed at enhancing funding for water resources projects. He noted that the Ministry has provided 6,761 water schemes in urban and semiurban areas, and the established 10,568 sanitation facilities in 127 local government areas among many others.
During his presentation of the UN 2024 World Water Development Report, Head of UNESCO, Abuja Office and Representative of UNESCO to Nigeria, Mr. Abdourahamane Diallo, maintained that the UN report illuminates the imperative of developing and maintaining a secure and equitable water future to foster prosperity and peace for all.
He shed light on how poverty, inequality, social tensions, and conflicts exacerbates water insecurity and emphasized the interconnectedness between sustainable water management, prosperity, and peace.
The Permanent Secretary, Federal Ministry of Water Resources and Sanitation, Shehu Shinkafi represented by the Director Water Resources Planning and Technical Support Service, Federal Ministry of Water Resources and Sanitation, Adeyinka Adenopo, in his welcome address emphasised that World Water Day 2024 underscores the urgent need to address the disparities in access to safe and clean water.
In his goodwill message, Managing Director LG Electronics, West Africa, Mr. Hyoung Sub JI, reaffirmed commitment to addressing water scarcity by collaborating with Nigeria’s Ministry of Water Resources and Sanitation. He revealed that through initiatives like borehole donations, LG aims to improve water access, health, and sustainable development.
LAGos WAter Project
N a bid to improve access to clean water and sanitation, the Lagos State government recently unveiled its new Water Supply, Sanitation and Hygiene (WASH) policy.
The state government said the policy was in line with the UN Sustainable Development Goal (SDG) Six. The policy was presented in commemoration of the 2024 World Water Day.
The Lagos State government developed the policy with technical support from the United States Agency for International Development (USAID).
Presenting the policy, Governor Babajide Sanwo-Olu said it served as a guiding framework in the journey towards ensuring universal access to clean water and sanitation.
Sanwo-Olu was represented by the
Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab.
According to him, “This comprehensive policy outlines a holistic approach to water management, encompassing strategies for conservation, pollution prevention, and equitable distribution. By implementing the provisions of the WASH Policy, we reaffirm our commitment to leave no one behind in our quest for water security and peace.
“In our pursuit of water security and sustainability, it is imperative that we embrace the principles of inclusivity and equity. By addressing water scarcity and inequities in access, we can mitigate conflicts and build a more peaceful and just society.”
The Minister of Water Resources and Sanitation, Joseph Utsev, represented by the Permanent Secretary, Aliyu Shinkafi, said access to clean water remained a luxury for too many people.
The minister stated: “More than 3 billion people worldwide depend on water that crosses national borders. Yet, only 24 countries have cooperation agreements for all their shared water as reported by the UN waters. Public health and prosperity, food and energy systems, economic productivity and environmental integrity all rely on a well-functioning
and equitably managed water cycle. Today, we are confronted with unprecedented challenges, from the escalating impacts of climate change to the growing demands of a rapidly expanding global population. Yet, in the face of these challenges, we must also recognise the immense potential of water as a catalyst for cooperation, collaboration and peace-building.”
WAter shortAGe
Meanwhile, Corporate Accountability and Public Participation Africa (CAPPA) recently lamented the fact that millions of people in Africa and Nigeria in particular lack access to drinkable water.
CAPPA said 400 million people in Africa and 110 million in Nigeria are currently deprived of the basic right to safe drinkable water, a development it described as unjust.
CAPPA Executive Director, Akinbode Oluwafemi, blamed the situation on commercialisation of water supply by state governments across the federation.
“In Nigeria alone, a staggering 113 million people suffer from painful hardship and crippling deprivation of water. This saddening neglect is not due to a scarcity of resources but rather a consequence of the profit-driven logic adopted by state authorities in managing water supply and amenities. The relentless pursuit of commodifying public resources, at the expense of community welfare, has led to the deterioration of vital public utilities and social services.
“Lagosians still lack running water in their homes, with water works remaining padlocked, while citizens are forced to pay exorbitantly to non-state actors for basic water,” Oluwafemi said.
“While this plight is widespread across the country, the situation in Lagos State is particularly alarming for us. Despite the state’s reputation as a lodestar and mega-city, over 8 million of its residents, equivalent to roughly 60 per cent of its population, grapple with limited access to potable water.
“This issue is further worsened by the state’s frequent romanticisation of profit-driven partnership models as purported solutions, despite global evidence documenting the failures of privatizing water supply and infrastructure,” Oluwafemi further said.
25 BUSINESS WORLD D E v ELO pm EN t THISDAY • t h URSDay, a p RIL 4, 2024
First Bank’s Easter Campaign and Christ’s Resurrection
Raheem Akingbolu reviews the Easter commemorative campaign of First Bank, pointing out its creative essence and how it turned out to reflect both the resurrection of Christ and the 130th anniversary of the foremost financial institution
Perhaps a dictation of nature, analysts hardly pay attention to good and memorable campaigns but are always eager to display their zero tolerance for poor ones.
Last year, a leading financial institution was in the news for the wrong reason over the misrepresentation of ‘Jesus resurrection’ with the popular ‘Agege bread’ in its Easter Campaign. The campaign set the bank against relevant stakeholders, including the advertising industry regulator -Advertising Regulatory Council of Nigeria (ARCON) and the Christian Association of Nigeria (CAN)
To celebrate the season this year, many brands again churned out beautiful campaigns between Friday last week (Good Friday) and Easter Monday, which spoke to the essence of the global festival. In particular, 130 year-old First Bank of Nigeria, raised the stake higher with its double-edged sword Easter campaign.
Through its creative agency -SO & U, a leading creative agency, the bank conceptualised a witty Easter Campaign for its 130th Anniversary but the ad achieved more than that as it cleverly summarised the significance of the season.
Yes, the campaign, which appeared on various platforms, including print and social media, cleverly announced to the world that First Bank is 130 year-old this year, but how the numbers were equally painstakingly used to tell the biblical story of Jesus with few words and three numbers remains a mind-boggling creative ingenuity.
The use of imagery and figures to capture the essence of one of the most significant annual rituals of Christians should be commended.
First is the number ‘1’ in the creative material. The belief among Christians is that there is only one God.
However, when you take this further, there is the concept of Trinity which figure ‘3’ connotes here. The concept of Trinity indicates that there are three persons in one God- ‘God the Father, God the Son and God the ‘Holy Spirit. But only one God encapsulates the concept of Omniscience and Omnipresence. So, there is a meeting point between One and Three in the creative material, which ramifies the power of resurrection as the cornerstone of Easter celebration.
Now the Zero number indicates that death has no power over Him (Jesus), which confirms another core belief of the Christian faith that His death was more of victory over death rather than forgiveness of sins.
First Bank should be commended for this creative work in a season of love and forgiveness. It is also instructive going by the sensitivity of many Christians to the kind of messages churned out by brands in periods like this going by the unsavoury outcome of a similar message from a brand (a bank) a few years ago.
First Bank also played on its premium and brand positioning positions in one of its Easter creative materials when it said: “He put us all First” on the graphic illustration of the cross. No wonder, the campaign’s witty and thought-provoking post on social media has continued to generate significant talkability and engagement, making it a remarkable success story worth highlighting.
The campaign’s success can be attributed to many factors but creative concept is a major one. The cleverly crafted social media post, which read, “1 man rose after 3 days, death had 0 power over him,” struck a chord with the audience, especially patrons of the First Bank brand. It skillfully combined the essence of Easter with First Bank’s 130th anniversary, creating intrigue and sparking conversations among social media users.
Another important factor is the memorable messaging. The concise and impactful messaging of the post resonated strongly with the audience. By drawing parallels between the resurrection story and First
Bank’s enduring legacy, the campaign successfully conveyed a sense of resilience, longevity, and relevance, capturing the attention and curiosity of online users.
It’s also clear that viral potential elements in the campaign play vital roles. The campaign’s originality and relevance to the Easter season led to its widespread sharing across various social media platforms. The witty nature of the post naturally encouraged users to engage with it, resulting in increased visibility and talkability. The campaign quickly gained traction, leading to viral discussions and amplification across online communities.
Finally, the social media buzz appears to be the magic wand: The campaign’s witty post sparked conversations, and shares among social media users. It became a trending topic, generating a significant buzz and boosting First Bank’s online presence. The post’s humor and thought-provoking nature prompted users to share their interpretations, further extending the campaign’s reach and impact.
As a result of all these, the campaign brought about a practical brand recall and engagement. By cleverly integrating the bank’s 130th anniversary with a universally recognized Easter theme, First Bank successfully reinforced their brand identity and values. The campaign encouraged meaningful engagement, prompting users to connect with the brand, share their experiences, and express their appreciation for the creative approach.
The success of this witty Easter campaign showcases First Bank’s ability to resonate with its audience and create memorable experiences through innovative marketing strategies.
Regardless of how old or young a brand is, it will always crave for exposure anytime the opportunity arises. A conscious brand manager needs to constantly frame strategies and apply tactics to get his brand in the forefront.
To achieve this, memorable dates and popular events are always the channel to connect and re-engage the target audience.
This explains why brands always jump over one another to be heard during the Easter season. Of course, what platforms would have been more attractive than a global one that celebrates Jesus and enjoys the buy-in of all Christians. First Bank and others have successfully leveraged on that opportunity this year.
Considering the significance of 2024 to First Bank, its promoters will definitely explore every available opportunity and apply relevant tactics to get the brand in the forefront this year to consolidate its leadership position.
As the Bank hits a tremendous milestone of 130 years of being in existence on March 31st, 2024, its spin doctors will definitely beam a light on how the institution has evolved into a financial heavyweight and a formidable force not only in the banking industry but in the nation and beyond.
Throughout its long and illustrious history, FirstBank has played a vital role in the economic development of Nigeria. Not only has it served as a monetary and fiscal policy regulator for the entire West African region, but it has also been at the forefront of technological, industrial, and societal advancements across the country.
As with its names, the banking giant has attained countless firsts, demonstrating resilience and support through periods of rapid and radical changes. It has also pioneered and charted the course in the financial industry and the nation.
The 2024 Easter Advertising material of the bank is another positioning and pace-setting communication tool that must have won for the bank a huge following.
26
BUSINESSWORLD B R a NDS & M a RKETING Th URSDay, a p RIL 4, 2024 • THISDAY
GUIDE TO DATA:
Date: All fund prices are quoted in Naira as at 01-April-2024, unless otherwise stated.
Offer price: The price at which units of a trust or ETF are bought by investors.
Bid Price: The price at which Investors redeem (sell) units of a trust or ETF.
Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.
NAV: Is value per share of the real estate assets held by a REIT on a specific date.
THURSDAY, APRIL 4, 2024 • THISDAY MARKET NEWS 27 The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
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.
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS Fund Name Bid Price Offer Price Yield / T-Rtn Coral Balanced Fund 4,083.34 4,083.34 21.19% Coral Income Fund 4,083.34 4,083.34 8.42% Coral Money Market Fund 100.00 100.00 16.35% FSDH Dollar Fund 6,200.89 6,248.50 28.42% INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund NILL NILL NILL Vantage Balanced Fund NILL NILL NILL Vantage Guaranteed Income Fund NILL NILL NILL Kedari Investment Fund (KIF) NILL NILL NILL Vantage Equity Income Fund (VEIF) - June Year End NILL NILL NILL Vantage Dollar Fund (VDF) - June Year End NILL NILL NILL LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1,228.10 1,228.10 4.52% Lotus Halal Fixed Income Fund 1.92 1.96 23.49% Lotus Halal Equity Exchange Traded Fund 28.61 31.62 140.56% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com/funds/; Tel: +2348028496012 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 20.34 20.45 10.31% Meristem Value ETF 41.17 41.74 7.35% Meristem Growth ETF 23.31 23.77 -1.62% Meristem Fixed Income Fund 104.91 104.91 4.88% Meristem Dollar Income Fund 10.19 10.19 1.88% Meristem Money Market Fund 10.00 10.00 17.87% NORRENBERGER INVESTMENT AND CAPITAL MANAGEMENT LIMITED enquiries@norrenberger.com Web: www.norrenberger.com, Tel: +234 (0) 908 781 2026 Fund Name Bid Price Offer Price Yield / T-Rtn Norrenberger Islamic Fund (NIF) Nill Nill Nill Norrenberger Money Market Fund (NMMF) Nill Nill Nill NORRENBERGER DOLLAR FUND (NDF)-----($) Nill Nill Nill NORRENBERGER TURBO FUND (NTF)-----(N) Nill Nill Nill PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 10.00 10.00 0.00% PACAM Fixed Income Fund 14.80 15.09 97.39% PACAM Money Market Fund 2.81 2.86 20.96% PACAM Equity Fund 2.71 2.74 25.52% PACAM EuroBond Fund 148.12 151.23 12.09% SCM CAPITAL ASSET MANAGEMENT LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital The Frontier Fund 171.18 174.35 1.87% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund NILL NILL NILL Skye Shelter Fund* NILL NILL NILL Union Homes REIT NILL NILL NILL STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Money Market Fund 1.00 1.00 15.20% Stanbic IBTC Bond Fund 257.86 257.86 3.25% Stanbic IBTC Dollar Fund (USD) 1.49 1.49 7.55% Stanbic IBTC Shariah Fixed Income Fund 130.43 130.43 6.84% Stanbic IBTC Enhanced Short-Term Fixed Income Fund 129.01 129.01 10.07% Stanbic IBTC Balanced Fund 5,558.84 5,606.44 11.65% Stanbic IBTC ETF 30 Fund 600.00 600.00 -16.32% Stanbic IBTC Ethical Fund 2.40 2.43 16.67% Stanbic IBTC Guaranteed Investment Fund 358.90 359.19 1.61% Stanbic IBTC Imaan Fund 430.75 436.33 14.22% Stanbic IBTC Nigerian Equity Fund 19,644.33 19,886.98 8.30% SIAML Pension ETF 40 1,018.90 1,018.90 103.78% Stanbic IBTC Aggressive Fund 6,084.75 6,160.89 13.09% Stanbic IBTC Conservative Fund 5,658.28 5,683.13 7.04% UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Money Market Fund Nill Nill Nill United Capital Sukuk Fund Nill Nill Nill United Capital Fixed Income Fund Nill Nill Nill United Capital Nigerian Eurobond Fund Nill Nill Nill United Capital Global Fixed Income Fund Nill Nill Nill United Capital Equity Fund Nill Nill Nill United Capital Balanced Fund Nill Nill Nill United Capital Wealth for Women Fund Nill Nill Nill QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD service@quantumzenithasset.com.ng Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Balanced Strategy Fund Nill Nill Nill Zenith ESG Impact Fund Nill Nill Nill Zenith Income Fund Nill Nill Nill Zenith Money Market Fund Nill Nill Nill VETIVA FUND MANAGERS LTD funds@vetiva.com Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Bid Price Offer Price Yield / T-Rtn Vetiva Banking Exchange Traded Fund 10.11 10.21 143.35% Vetiva Consumer Goods Exchange Traded Fund 16.05 16.15 173.38% Vetiva Griffin 30 Exchange Traded Fund 38.09 38.29 103.52% Vetiva Money Market Fund 1.00 1.00 12.91% Vetiva Industrial Goods Exchange Traded Fund 48.26 48.46 101.23% Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 147.83 149.83 3.05% REITS Fund Name NAV Per Share Yield / T-Rtn SFS REIT 0.00 0.00 Chapel Hill Denham Nigeria Infrastructure Debt Fund 114.00 N/A info@anchoriaam.com MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund Nill Nill Nill Afrinvest Plutus Fund Nill Nill Nill Nigeria International Debt Fund Nill Nill Nill Afrinvest Dollar Fund Nill Nill Nill AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 14.80% AIICO Balanced Fund 5.25 5.33 3.50% ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 0.00% Anchoria Equity Fund 230.48 233.24 19.07% Anchoria Fixed Income Fund 1.18 1.18 -6.16% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 37.75 38.89 23.58% ARM Discovery Balanced Fund 767.71 790.86 15.89% ARM Ethical Fund 63.94 65.87 17.27% ARM Eurobond Fund ($) 1.12 1.12 2.50% ARM Fixed Income Fund 1.11 1.11 7.98% ARM Money Market Fund 1.00 1.00 13.87% ARM Short Term Bond Fund 1.03 1.03 8.87% Web: www.avacapitalgroup.com; Tel 08069294653 Fund Name Bid Price Offer Price Yield / T-Rtn AVA GAM Fixed Income Dollar Fund 110.16 110.16 6.33% AVA GAM Fixed Income Naira Fund 1,122.57 1,122.57 0.37% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 239.88 239.88 17.73% AXA Mansard Money Market Fund 1.00 1.00 15.30% CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn CEAT Fixed Income Fund NILL NILL NILL Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) NILL NILL NILL CAPITALTRUST INVESTMENTS AND ASSET MANAGEMENT LIMITED halalfif@capitaltrustnigeria.com Web: www.capitaltrustnigeria.com; Tel: 08061458806 Fund Name Bid Price Offer Price Yield / T-Rtn Capitaltrust Halal Fixed Income Fund N/A N/A N/A CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn CardinalStone Fixed Income Alpha Fund 1.04 1.04 9.06% CardinalStone Dollar Fund 1.01 1.01 2.25% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund NILL NILL NILL Paramount Equity Fund NILL NILL NILL Women's Investment Fund NILL NILL NILL CHD Nigeria Bond Fund NILL NILL NILL CHD Nigeria Dollar Income Fund NILL NILL NILL CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 15.29% Cordros Fixed Income Fund 111.69 111.69 8.94% Cordros Halal Fixed Income Fund 116.12 116.12 6.36% Cordros Dollar Fund ($) 191.28 192.67 10.60% Cordros Milestone Fund 110.18 110.18 9.74% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 1.00 1.00 13.71% Coronation Balanced Fund 1.58 1.59 0.01% Coronation Fixed Income Fund 1.30 1.30 0.01% EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A NILL NILL NILL EDC Nigeria Money Market Fund Class B NILL NILL NILL EDC Nigeria Fixed Income Fund NILL NILL NILL EMERGING AFRICA ASSET MANAGEMENT LIMITED assetmanagement@emergingafricafroup.com Web:www.emergingafricagroup.com/emerging-africa-asset-management-limited/, Tel: 08039492594 Fund Name Bid Price Offer Price Yield / T-Rtn Emerging Africa Money Market Fund 1.00 1.00 17.38% Emerging Africa Bond Fund 1.13 1.13 9.64% Emerging Africa Balanced Diversity Fund 1.42 1.44 9.12% Emerging Africa Eurobond Fund 109.08 109.08 5.78% FBNQUEST ASSETS MANAGEMENT LIMITED invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Money Market Fund 100 100 16.54% FBN Bond Fund 1593.54 1593.54 2.98% FBN Dollar Fund 126.27 126.27 1.90% FBN Halal Fund 138.1 138.1 3.28% FBN Specialized Dollar Fund 114.52 114.52 2.36% FBN Balanced Fund 305.14 307.52 12.84% FBN Smart Beta Equity Fund 283.61 287.72 14.05% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund 1.00 1.00 14.17% Legacy USD Bond Fund 1.34 1.34 4.59% Legacy Debt Fund 3.39 3.39 -22.43% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1
Transcorp Delivers Robust Performance as PBT Grew by 93.5% in 2023FY
Kayode Tokede
Transnational Corporation Plc (Transcorp), yesterday announced its financial results for the year ended December 31, 2023, delivering a robot performance as shown in profit before tax that rise to N58.8 billion, a growth of nearly 94 per cent from N30.4 billion reported in 2022 financial year.
The group in its result and account posted on the Nigerian Exchange Limited (NGX) achieved substantial growth in its financial indicators, reinforcing its market leadership and strategic positioning as profit after tax for 2023 increased to N32.6 billion in 2023, representing 91 per cent growth from N17.1 billion in 2022.
The Nigeria’s leading listed conglomerate, Earnings Per Share (EPS) increased to N40.00per share in 2023 compared to N19.00 per share in 2022.
On the backdrop of impressive 2023 financial year result and accounts, the board of directors of Transnational Corporation proposed a dividend payment of N4.06 billion in 2023 (2022: N2.03billion), being 10 kobo per share on the outstanding ordinary shares of 40,647,990,293 shares of 50 kobo each for 2023.
In its audited results, Transcorp reported significant year-on-year growth, with revenue rising to N197 billion in the year 2023, from N134 billion in 2022, representing a 47.3per cent increase. The strong performance is further
demonstration of the Group’s strategic focus and effective execution.
Speaking, President/Group Chief Executive Officer of Transcorp, Dr. (Mrs) Owen Omogiafo in a statement said, “The financial results for 2023 underscore our Group’s strong operational performance and the results of our strategic initiatives. Notwithstanding the strong macroeconomic headwinds in the year, we achieved significant growth in revenue and profits, indicating our ability to navigate a dynamic market landscape effectively.
“Our primary objectives remain centered on achieving sustainable growth, enhanced operational and technical efficiency, and maximizing value for shareholders.”
Group Canvasses Single Digit Loans for Women in Businesses
Gilbert Ekugbe
The Women Entrepreneurs and Professional Development Network (WEPDN) has called on the federal government to provide single digit interest loans to support women in businesses in the country.
The president, WEPDN, Mrs. Affiong Ibanga, explained that financial institutions must seek ways to support women in businesses with single digit rate at five per cent to achieve inclusive economic growth.
Ibanga stated this on the sidelines of an event organised by the Lagos State Ministry of Commerce, Cooperatives, Trade
and Investment to celebrate International Women’s Day (IWD) 2024 themed “Inspire inclusion: Economic inclusion of women entrepreneurs NANOs/MSMEs at the grassroots/community levels” in Lagos State. “We want the financial institutions to come down on their interest rates and most of their requirements too for example the collateral while also finding ways to accommodate women as far as access to loan is concerned.
We need an interest that we can manage for example like 5 per cent that would be easy to pay back,” she said.
According to her, access to finance is still the major challenge
hindering women in businesses in the country,” she said.
Also speaking at the event, the Cluster Head for Agric, WEPDN, Sarat Onibudo, said it is envisioned that the collaboration will set a clear part for the empowerment of women to be self-reliant.
“Our aim is to provide a platform for the promotion of women businesses, access to markets, international exposure as well as the opportunity to exhibit their innovative ideas, products, and services while also supporting the women at the grass root and community level through access to funds, access to markets and mentorship,” she said.
GE Vernova Completes Spin-off, Begins Trading on NYSE
GE Vernova (NYSE: GEV) announced yesterday that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today.
In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, rang the opening bell together at 9:30 AM ET.
“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future. Our Power, Wind, and Electrification segments provide essential products
and services to the electric power industry as we work to meet the growing power demands of economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is purpose-built to electrify and decarbonize the world, and I’m incredibly proud of what our team has accomplished with this milestone and excited to continue this journey alongside our customers and shareholders,” said Scott Strazik, CEO of GE Vernova.
GE Vernova, he said, has more than 80,000 employees across more than 100 countries. “Many of the world’s leading utilities, developers, governments, and large industrial electricity users
rely on its installed base to generate, transfer, orchestrate, convert, and store electricity reliably and efficiently. With an installed base of over 7,000 gas turbines, the world’s largest, approximately 55,000 wind turbines, and leading-edge electrification technology, GE Vernova helps generate approximately 30% of the world’s electricity.
At the company’s Investor Day in March, GE Vernova reaffirmed its 2024 financial guidance, and presented its 2025 financial guidance. Additionally, GE Vernova provided its outlook by 2028 including achieving mid-single digit organic revenue growth*, 10% adjusted EBITDA margin*, and 90-110% free cash flow* conversion.
Firm Reaffirms Its Commitment to Inclusivity
Mary Nnah
The Brief Essentials has reaffirmed its commitment to inclusivity, which is not just a slogan but the core value of the company.
The CEO, Seun TayoBalogun, made this announcement recently while commemorating International Women’s Day, stating that this year’s theme, “Inspire Inclusion,” goes beyond just gender equality.
Tayo-Balogun emphasised that equal pay, job opportunities, and education are essential, but inclusion also means celebrating the incredible diversity within
genders.
She gave the example of body image, saying that society loves to dictate what a woman’s body should look like, which leaves many feeling excluded.
“To counter this, Brief Essentials deals in a line of shapewear designed to enhance your natural silhouette with unmatched comfort and style”, she stated.
At Brief Essentials, they believe that everyone is beautiful, in all shapes and forms, which is why they offer a variety of styles and an extensive range of sizes to flatter every figure.
The CEO noted that this
women’s month is a celebration of “You and Everyone Included.”
For over 13 years, Brief Essentials has delivered quality, comfort, and confidence to women across Nigeria. This dedication extends to their new PowerSculpt Collection, featuring shapewear for every occasion that effortlessly flatters your unique shape.
According to the CEO, the PowerSculpt Collection is one of the ways the company is inspiring inclusion. They want every woman to feel seen, valued, and like they belong. Because everybody matters.
business/ MOn e YG ui D e • Monetary Policy Rate - 13% MARKET INDICATORS • Source - CBN MONEY AND CREDIT STATISTICS (M i LL i O n n A i RA) FEbRuARY Money Supply (M3) 95,557,263.40 -- Cbn bills Held by Money Holding sectors 1,588,771.44 Money supply (M2) 93,968,491.96 -- Quasi Money 63,691,242.70 -- narrow Money (M1) 30,277,249.26 ---- Currency Outside Banks 3,411,735.44 ---- Demand Deposits 26,865,513.82 net Foreign Assets (nFA) 7,408,009.72 net Domestic Assets(nDA) 88,149,253.67 -- net Domestic Credit (nDC) 114,788,867.95 ---- Credit to Government (net) 33,925,848.79 ---- Memo: Credit to Govt. (net) less FMA 0.00 ---- Memo: Fed. and Mirror Accounts (FMA) 0.00 ---- Credit to Private Sector (CPS) 80,863,019.16 --Other Assets net 13,319,068.99 Reserve Money (base Money 21,230,656.70 --Currency in Circulation 3,693,573.23 banks Reserves 17,537,083.47 special intervention Reserves 433,229.15 Money Market Indicators (in Percentage) Month February Inter-Bank Call Rate 19.25 Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR) 22.75 Treasury Bill Rate 17.03 Savings Deposit Rate 5.86 1 Month Deposit Rate 8.69 3 Months Deposit Rate 9.89 6 Months Deposit Rate 9.61 12 Months Deposit Rate 10.75 Prime Lending rate 15.06 Maximum Lending Rate 26.55 The price of OPEC basket of twelve crudes stood at $87.33 a barrel on Monday, compared with $86.00 the previous Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela) OPEC DAILY b ASKET PRICE As At 4t H APR i L , 2024 28 tH u R s DAY, APR i L 4, 2024 • THISDAY
Minister of Agriculture and Food Security, Sen. Abubakar Kyari (left) and Managing Director of Olam Agri in Nigeria, Anil Nair in a handshake during the tour of Olam Agri in Nigeria Integrated Rice Farm and mill in Nasarawa state...recently
Notore Records N21.55bn Revenue for 2023, to Raise N105bn in Equity
Kayode Tokede
Africa’s leading fertilizer and agro-allied company, Notore Chemical Industries Plc, has announced that it recorded a group revenue of N21.55 billion for the Year ended 31 December 2023.
In a statement, the company said it recorded the result despite the significant complexities of the economic landscape, adding that
it has demonstrated remarkable resilience in navigating through a challenging operating environment.
It said: “The year 2023 proved to be a challenging period for Notore, characterized by the devaluation of the naira, significant forex volatility, and the rising cost of funds driven by changes in the Monetary Policy Committee (MPC) rates.”
Group Managing Director,
Ohis Ohiwerei, commented: “Notore is focused on navigating economic conditions and is optimistic about the future. It will leverage its strengths to drive sustainable growth and value creation for stakeholders.”
Building upon this commitment to overcome challenges, the company announced significant progress in its equity raise transaction
following approvals from the Board of Directors and shareholders. The subscription offer is expected to result in a substantial capital injection of over N105 billion into the company.
Also, during a recently concluded Extraordinary General Meeting (EGM), shareholders provided necessary approvals for the company’s financial prosperity.
It added that these approvals pave the way for a substantial financial boost for various needs, noting that upon completion of the transaction, the injection of over N105 billion into Notore will bolster operational capabilities.
The company also announced the appointment of Mr. Femi Agbaje as the Chairman of the Board of Directors until the completion of the Company’s ongoing equity transaction. With a career spanning over four decades, Mr. Femi Agbaje brings a wealth of experience to his new role. He previously served as a Non-Executive Director of the Company and held the position of Chief Financial Officer of Notore until September 2018. His extensive experience in finance and banking positions him as an asset to Notore as it navigates its strategic objectives.
PRICES FOR SECURITIES TRADED ASOF APRIL 3 /28/24
mARKET NEWS 29 Thu RS dAy, APRIL 4, 2024 • THISDAY
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Thisday Afrinvest Index down 1.04%
Thisday Afrinvest 40 index lost 1.04% to print at 4,548.35 points due to price depreciation in GTCO ( 1.2%), ZENITH ( 1.2%), and ACCESSCORP ( 4.2%). Cumulatively, these stocks account for 21.6% of the index.
Banking Bellwethers Lead Loses... ASI down 0.3%
Extending the bearish start to the new month, the NGX ASI yesterday shed 0.3% to 104,181.32 points, following selloffs on FBNH ( 5.0%), ACCESSCORP ( 4.2%) and GTCO ( 1.2%). Consequently, YTD return declined to 39.3% (previously 39.8%), while market capitalisation fell by 0.3% to ₦58.9tn. Activity level waned as volume and value traded fell 25.8% and 39.0% to 405.0m units and ₦8.9bn, respectively.
Mixed Sector Performance
Performance across our coverage sectors was mixed, as two indices gained, two lost, while the Oil & Gas and AFR ICT indices closed flat. The Consumer and Industrial Goods indices nudged higher by 16bps and 1bp, respectively, owing to price appreciation in DANGSUGAR (+1.4%), UNILEVER (+4.5%), and CUTIX (+9.6%). Conversely, price decline in FBNH ( 5.0%), ACCESSCORP ( 4.2%), NEM ( 9.6%), and AIICO ( 8.0%) pulled the Banking and Insurance indices down by 2.4% and 2.1%, respectively.
Outlook
Investor sentiment, as measured by market breadth, weakened to 0.16x (previously 0.07x) as 21 stocks advanced, 32 declined, while 69 closed flat. Today, we expect the local bourse to follow a similar trend in the absence of any positive catalyst.
Corporate Disclosure
Yesterday, PZ CUSSONS NIGERIA PLC (PZ) published its unaudited earnings for the period ended, 9M:2023. The company posted a 60% y/y growth in revenue to ₦110.6bn, while PAT declined 945.2% to (₦94.8bn) due to significant increase in operating expenses.
30 THURSDAY APRIL 04, 2024 • THISDAY Afrinvest West Africa Limited Adedoyin Allen | aallen@afrinvest.com Taiwo Ogundipe | togundipe@afrinvest.com Robert Omotunde | romotunde@afrinvest.com Christopher Omoh | comoh@afrinvest.com Brokerage Asset Management Abiodun Keripe | AKeripe@afrinvest.com Investment Research Damilare Asimiyu | dasimiyu@afrinvest.com
Thursday, April 4, 2024 Ticker Current Price Previous Price Change Current Weightin g Price Change YTD Price Change Index to Date ROE ROA P/E P/BV Divindend Yield Earnings Yield THISDAY AFRINVEST 40 4548.35 -1.04% 92.6% 354.8% 6.2% 0.9% 5.4x 1.3x 4.5% 5.5% THISDAY AFRINVEST 40 INDEX Fundamental Performance Metrics for THISDAY AFRINVEST 40 Index
HealtH & lifestyle
Empowering Osteogenesis Imperfecta Survivors with Mobility, One Child at a Time
Since its formation in 2016, the Osteogenesis Imperfecta Foundation (OIF) of Nigeria has been consistent in reaching out to empower survivors with mobility aids to enable them to lead independent lives. This year, OIF Nigeria Founder, Mrs. Tarela Aghanti, and her team gave out 314 mobility aids to OI survivors and people living with disability across Nigeria. Esther Oluku reports
The friction in the relationship between Mrs Rashidat Williams and her husband started in 2023 after the birth of Rashidat’s second child, Pee, who had multiple fractures at the time of birth.
Upon consulting a local orthopaedics doctor, she was charged N150,000.00, a sum neither she nor her paramilitary husband had at the time. She decided to ask for alms at her local church where she was advised to take the child to the National Orthopedics Hospital, Igbobi, to seek professional help.
Sharing her experience with THISDAY, she noted that although she had been told at about seven months into the pregnancy that the child had traits of dwarfism which she had accepted as part of expectations for the baby at delivery, accepting the reality of the situation was daunting.
The struggles
Upon her first meeting with the doctor, she was instructed to observe the child and another appointment was scheduled for a fortnight from the date of the initial visit. Speaking with THISDAY, she said; “it took me days but I noticed that his eyes were so blueish and that he has weak bones.
“He was not growing. He would be two years old by June. He can’t walk. It took him a year before he could sit on his own. Sometimes, I would just dump him. I won’t lie to you. He would cry and cry and I didn’t know where was paining.”
On the second appointment, Rashidat was intimated about the rare condition of her baby and how she could better care for him.
She said, “The doctor sat me down and explained my child’s condition. He told me that he would have to be taking the medications and introduced me to the Osteogenesis Imperfecta Foundation Nigeria.
“He told me that I shouldn’t feel bad because then I was still ashamed of my baby. I had to love him as he is. I also tried feeling his body to know where the pain points are.”
Osteogenesis imperfecta
Osteogenesis Imperfecta is a Latin coinage describing a disease of the bone where bone tissues lack the required specification of collagen to enable balance resulting in deformation of the skeletal structure of the body. This condition also causes erratic fractures of the bone for no known reason.
The World Health Organisation (WHO) describes Osteogenesis Imperfecta as “a hereditary skeletal dysplasia associated with bone fragility, growth deficiency, and variable secondary features including pain and scoliosis.”
Research on this condition dates back to the nineteenth century with studies into its origin shown to be a result of hereditary or abnormal genetic mutations in the chromosomal formation of a child. Further findings also reveal that the condition is non-communicable and without a known cure.
WHO submits that OI is a spectrum disease ranging from type (i) to type (vii) and management options include the administration of Bisphosphonates vaccines. The most common type of OI is type (ii) OI with symptoms such as “an abnormally small stature, fragile rib cage and underdeveloped lungs.”
The Nigerian Medical Association’s stance on OI management
With over 65 per cent of Nigerians
multidimensionally poor, managing cases of Osteogenesis Imperfecta poses a burden for parents and caregivers who
are saddled with the responsibility of caring for their children. With skyrocketing inflation rates and
low incomes, parents and caregivers of OI children sometimes opt for euthanasia (the act of painless killing to end suffering) to put an end to the suffering of their children.
However, the Nigerian Medical Association in a journal published in 2023, states that the right to life is a basic human and child right and as such must be upheld as an ethic of the medical profession as a violation of this law is tantamount to murder and manslaughter.
The Nigerian Medical Association also advocates a multidisciplinary approach to caring for OI patients to increase their life expectancy. While this option is upheld by medical professionals across the world, low-income families with loved ones who suffer from OI may be challenged in accessing quality healthcare as a result of the huge financial requirements involved.
OIF Nigeria intervention
Speaking at the event themed, “Promoting Independent Life; Wheelchair Distribution’ which was held at St Michael, Raphael, Gabriel Catholic Church in the Satellite Town area of Lagos State, the Founder, of OIF Nigeria, Mrs Tarela Aghanti, stated that supporting OI survivors with access to healthcare, mobility aids and a community of love and kindness is key to building a more inclusive society for survivors.
Explaining some of the work OIF Nigeria does, she noted that “Every six months as a foundation, we provide Bisphosphonate medication for our children. We call it bone juice. We give them to strengthen their bones.
“That reduces the fracture rate that the child can have because sometimes a child can just with a sneeze have multiple fractures. With a sneeze, a person with OI can break a rib but with the continuation of that medication, it is possible to reduce the fracture even to an extent, completely stop fracturing.”
According to her, part of the challenge encountered in the course of providing access to healthcare for OI survivors is that public awareness of the ailment is low and in some cases, the beneficiaries had reached very critical stages before they came in contact with the foundation. “We have had more than 50 survivors whom we cater for since inception but we have lost a few, especially the children that came to us very very late. They were in really bad states because of the absence of medications and some have been neglected for a very long time.”
Aghanti explained that as part of efforts to sustain access to healthcare for OI survivors, OIF Nigeria has secured a facility to aid postoperative care for survivors.
“We have just finalised discussions for a centre where we can have physiotherapy and occupational therapy for our children, especially after surgery.”
She noted however that to deepen access to more survivors across Nigeria, more enlightenment is needed as well as funding from private organisations and the government considering the huge financial requirements required to “We are getting a lot of calls from the north. The foundation at the moment has a lot of restrictions to getting medications there because of the situation of the country but we are working on that again it all depends on finances because if the foundation doesn’t get finances to get the medication for the children, they won’t be able to get it. “We are in dire need of the government supporting the foundation because these children are humans first of all and they need medical attention.”
Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430 THISDAY • Thursday, a P r IL 4, 2024 31
Beneficiaries of wheelchairs distributed by OIF Nigeria
Wheelchairs provided by OIF Nigeria and distributed to OI survivors and persons with disability
L-R: Executive Director, AS and A Communications, Yeye Adenike Agnes Shobanjo; Reverend Father Onyia Patrick of Saint Raphael, Micheal and Gabriel Catholic Church, who hosted the event; Founder, OIF Nigeria, Mrs. Tarela Aghanti; and representative of the Founder, Star Children Development Initiative, Mrs. Folashade Ade, at the wheelchair donation recently held in Lagos State
Gamin G Week
Edited by nseobonG okon-ekonG |
A Discourse on Inclusiveness of Women in Nigeria’s Gaming Industry
Nseobong Okon-Ekong speaks with a couple of women on inclusiveness in the gaming industry, with a focus on role, designation, responsibility and participation
‘There are Roles Women Function
Effectively in Due to Innate Ability’
Gaming in Nigeria is relatively new, however, from inception, it has been heavily dominated by men with little or no chance for women to thrive.
Recently, with the campaign on inclusiveness of women around the globe, the gaming industry, Nigeria inclusive has witnessed tremendous change in the active participation of women in various fields to wit - legal and compliance, payments and fraud management, people operations, finance, marketing etc. Taking a cursory look at BetKing
where I work as the legal and compliance specialist, we have women leading different units of the business, which all boils down to the increasing rate of women participation in the gaming industry. BetKing stands as a strong advocate for inclusiveness, actively supporting diverse leadership and fostering an environment that values and promotes the contributions of women.
In being more specific, there are some roles that women function effectively due to our innate ability and subtle strengths in negotiation, human management, and strategy. And you will agree with me that business thrives on actionable
strategy coupled with high display of human management skills and an art of negotiation. With these skills demonstrated by women, it has made it easy for women to carve a niche and create a space at the table for themselves in the gaming industry.
• Titilayo Ogunleye, Legal and Compliance Specialist at BetKing
‘Companies, Regulatory RecognisingBodies Value of Diverse Leadership Teams’
The gaming industry has traditionally been male-dominated, with women often being underrepresented or marginalised in various aspects of the sector. However, there is a growing recognition of the importance of diversity and inclusion within the gambling industry, and conscious efforts being made by industry leaders to attract and support more women in this field is commendable even though we recognise that there is still more work to be done. One significant area where women are making strides in the industry is in leadership roles within companies. While men have historically held the majority of executive positions in gaming organisations, there has been a noticeable shift towards gender diversity in recent years. Companies and even regulatory bodies are recognising the value of having diverse leadership teams, and we are seeing increasing number of women taking key roles in areas such as operations, marketing, finance and compliance.
Overall, the inclusion of more women in the gaming industry is not only important for promoting diversity and equality, but also for driving innovation and growth. By embracing a more inclusive approach, the gaming industry can tap into a wider talent pool, better reflect the diverse interests and perspectives of its audience, and ultimately, create a more welcoming and enjoyable experience for all players.
• Bimpe Akingba, Regional Manager, Africa, Business Development and Regulatory, Mchezo Limited and the immediate past Executive Secretary, Association of Nigeria Bookmakers
‘Hopes to See Improved Work Cultures’
Over the years, the Nigerian gaming industry has seen significant progress in the inclusion of women in leadership roles. However, there still seems to be significant gap in the ratio of men to women in executive and operational roles in the industry. Numerous studies have highlighted the multitude of benefits that greater gender diversity yields for organisations, from improved decision-making and innovation to better financial performance. However, deep-rooted biases, cultural norms and workplace practices continue to hinder the advancement of women into senior management and board positions globally. The inclusiveness of women in the industry is essential for fostering diversity and unlocking a wealth of untapped talent. It’s about providing equal opportunities for women across all levels. In terms of roles, breaking traditional moulds is crucial. Encouraging women to explore and excel in fields traditionally dominated by men not only dismantles stereotypes but also brings diverse perspectives to the table, fostering innovation.
Designations should be assigned based on merit and competence rather than gender. Recognising and valuing the skills and expertise of women in leadership roles contribute to a more balanced and effective decision-making process. Responsibilities should be distributed without bias, allowing women to take on challenging and influential tasks. This not only empowers women individually but also benefits the organisation by leveraging a broader range of skills and experiences.
Globally, there are still challenges in viewing women in leadership jobs in the same way that men do, and women are often responsible for managing work and domestic life. Society is less kind to women when they fail at doing this despite the discouraging structure of the workplace that gives women the liberty to actually excel in both. As the industry evolves, we hope to see improved work cultures that are more inclusive and encourages women to explore roles beyond the norm.
• Maha Otu, Director, BetWinner Nigeria.
32 Thursday, a pril 4, 2024 • THISDAY
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How African Gaming Regulators Are Driving Industry Evolution
Nseobong Okon-Ekong and Iyke Bede focus on a session featuring Africa Regulators Forum, an important highlight of the recently concluded Africa Gaming Expo in Lagos, where discussants examined different methods of ‘Aggregating Gaming Standards in Africa’
The African gaming industry is maturing, reaching a stage where it serves as a significant source of internally generated revenue (IGR). This progress can be credited to the regulatory frameworks established by authorities across different African regions. These regulations not only safeguard consumers but also guarantee a consistent income stream and support worthy initiatives such as ‘Good Cause’.
Before now, the sector was loosely regulated, and due to this oversight, the full potential was not realised until recent decades. Countries such as Nigeria, Ghana, South Africa, Angola, Uganda, and Botswana, among others, have emerged as key players in this dynamic industry. In Nigeria, for instance, the gaming sector has experienced rapid growth, propelled by a burgeoning youth population and increasing access to smartphones and the internet that enables access to virtual versions of popular formats like lottery and sports betting, paving the way for emerging formats like eSports to thrive.
Similarly, Ghana’s gaming market has seen significant traction, with a rising number of local and international gaming companies entering the scene to cater to the growing demand for diverse gaming experiences. The regulatory framework there recently legalised online betting, further increasing revenue. Currently, the Ghana Gaming Commission reveals the sector has 33 licensed sports betting facilities and 24 casino operators.
South Africa stands out as a regional hub for gaming innovation and technology, attracting both local talent and global investors keen on tapping into its vibrant market for the past 30 years. With a revenue of $47 billion annually, the sector experienced a growth spurt following the pandemic, signifying a growth rate of 53 per cent (from 27 per cent.)
In Angola and Uganda, although still in nascent stages, the gaming industry shows promising signs of development, driven by a mix of local entrepreneurship and foreign investment. Uganda, which currently attracts a revenue of $700 million. The country has experienced 40 per cent yearly growth since 2017, and blossomed to 54 licensed operators. On the other hand, Angola is on a growth trajectory of 20 per cent each year culminating in a gross market share of $200 million.
At the inaugural Africa Gaming Expo (AGE), held in Lagos and drawing stakeholders from across the continent and beyond, gaming regulators from six sub-Saharan countries convened. Representatives from Nigeria, South Africa, Ghana, Uganda, Angola, and Botswana came together to discuss and address the evolving gaming landscape in a panel session tagged ‘Africa Regulators’ Forum’.
Chief Executive Officer of the Lagos State Lotteries & Gaming Authority, Bashir Are; Chief Executive Officer of the Gambling Authority Botswana, Peter Kesitilwe; Chief Strategic Adviser of the National Gambling Board, South Africa, Caroline Kongwa; Head, Corporate Affairs
“It is just that ‘e go soon done no dey kill person’ mentality that gaming brings to keep social peace. I can tell you if there was no gaming, Nigeria would not be this peaceful with all the pressures that we have. The fact that he is expecting a miracle when he wakes up in the morning means he’s got a brighter hope. If he loses, he has contributed to society through good causes. If he wins, his spirit is lifted. Gaming is a way of society venting, right? That’s why it’s regulated by governments because all over the world, without regulation, gaming gets abused, just like alcohol, sex trade, trafficking and the rest.”
– Prince David Omaghomi, National Treasurer, National Union of Gaming and Lottery Workers (NUGLOW)
of Gaming Commission, Ghana, Beatrice Baiden; CEO of Uganda National Lotteries and Gaming Regulatory Board, Denis Ngabirano; Director-General of Instituto de Supervisão de Jogos, Angola, Paulo Jorge Ringote (represented by Clesio Vital), provided insights into the mechanisms adopted by their respective regulatory agencies to ensure compliance by operators, role of standardising regulatory framework, and the role of technology in the industry’s evolution.
“Standardisation could be a platform for the growth of the gambling industry across Africa. If the games have the same rules, why would you play it a certain way in different countries?” Vital noted as he described the different terrains that mark the African gaming landscapes.
He added, “If you set a standard across all jurisdictions on how the rule of the games punters play should be, then it would facilitate the implementation of standards in the market for investors, and players, and would deter people with not-so-good intentions or ideas to penetrate the market.”
Ngabirano also noted that the low-hanging fruit standardisation attracts, is the increased cross-border business and the exchange of information between regulatory agencies. Kongwa, on the other hand, further explained that if the diverse landscapes are considered in designing regulatory framework, it may lead to streamlining of certain processes like licensing of key personnel, enforcement measures, consumer protection, and legalising online gambling.
“When it comes to gambling addiction, we do not have a one-size-fits-all approach across the continent to protect consumers because consumers depend on a particular jurisdiction, and these regulatory models need to tap into other African countries, even beyond the African borders,” Kongwa explained.
In terms of interagency collaboration within a jurisdiction, Baiden highlighted the importance of cooperation between regulatory bodies. With the lifting of the ban on online gambling, ensuring the protection of punters has become paramount. Consequently, the gaming commission has forged a strategic partnership with the National Communications Authority. This collaborative effort aims to implement robust measures that safeguard the interests and welfare of online gamblers, thereby fostering a safer and more regulated gambling environment.
Are noted that similar processes have been initiated and led by the Federation of State Gaming Regulators in concert with the National Communications Commission (NCC) and the National Information Technology Development Agency (NITDA).
“The easiest way to demarket such an operator is to label it in a national newspaper or any reputable media platform as an illegal operator, the moment you do that punters or stakeholders are warned and they become more careful,” Are stated. “How does demarketing work? If you are a licensed operator in say, Enugu State, you are an illegal operator in Lagos State. We give them 30 days’ notice to regularise after that we demarket them.”
Are pointed out that another route has been the Lagos State Signage and Advertising Agency.
“If you are operating online and you are not able to advertise, it limits your market. We are also working with Google to make sure we send the list of illegal operators, however, the most important part of the reciprocity of enforcement.
“In the last two years, we have signed agreements with two provinces in South Africa. We also initiated
the same with the Malta Gaming Authority in Europe. The reciprocity of enforcement is more valuable, so that I can report operators in Nigeria to the UK Gambling Commission, and they can enforce there,” he said.
To this end, Are emphasised the importance of increasing participation of African gaming regulators in the activities of the International Gaming Standards Association culminating in the recent establishment of an African head office of the IGSA in Lagos, Nigeria. The ultimate goal is to have some kind of harmony in gaming standards within Africa.
While Kongwa agrees that there a noticeable cross-border operations in Africa that demand basic enforcement measures, not different kind of standards, she argued that the sovereignty of each country must be respected. She said a good way to start is to take away the red tape and administrative burden that operators go through. The Angolan representative, Vital also sees no reason for different standards.
“Once you set a standard, it can be adopted by all because we have similar challenges,” Vital said. “I am a strong believer in harmonised standards and exchange of information. This will help the sector grow.”
Detailing an example of how Ghana dealt with illegal operators, Baiden said licences have been issued to online operators to regulate their operations and that her office is working closely with the country’s National Communication Commission that has the capacity to shut down illegal operators.
Baiden said, “We also have a team that monitors social media and websites. And we carry out sensitisation and advocacy in the media to warn punters and other stakeholders of the risks in patronising illegal operators.”
Across diverse markets, notwithstanding the varying sociocultural and economic landscapes, a shared trend of growth persists. This growth has prompted operators to embrace cutting-edge technologies to enhance the gaming experience for punters. While praised for these innovations, regulators remain vigilant in enforcing compliance with laws to prevent any breaches.
“Operators constantly introduce new products. They want to ensure that punters are engaged,” Kongwa pointed out. “As regulators, we get the criticism that the laws are outdated. But our primary objective is not to focus on regulating the tech because I don’t think any regulator should regulate the technology, but what’s important is to ensure you regulate how the tech is used. Oftentimes, what happens when tech is introduced to the market, we look at whether the implications of using such will amount to a breach in legislation.”
GAMING WEEK TEAM Nseobong Okon-Ekong gamingweek1117@gmail.com | 08114495324 Iyke Bede ikennabede@gmail.com | 0703 044 7714 Akeem Lasisi lasaisai@yahoo.com | 08023687884 Vanessa Obioha vaysylver@gmail.com | 08069838305 Davidson Abraham davisiano.adm@gmail.com | +971 56 744 6013 ADVISORY: +18 PERSONS UNDER 18 MUST NOT PARTICIPATE IN BETTING, GAMING OR LOTTERY ACTIVITY 33 THISDAY • Thursday, a pril 4, 2024 Gamin G WEEK
Cross sectuon of participants at the Africa Gaming Expo
L-R: Messrs Tunde Rufai of Federal Palace Hotel, Bashir Are, CEO, Lagos State Lottery and Gaming Authority and Olajide Boladuro, Chairman, Oyo State Gaming Board
COurtEsy Visit...
L-R: Vice President, Female Lawyers in Real Estate Practice (FELIREP), Flourishing Olu-Adekoya; Director, Monitoring and Compliance Department, Lagos State Real Estate Regulatory Authority ( LASRERA), Temitope Akinbola; Special Adviser to Lagos State Governor on Housing, Barr. Barakat Odunuga-Bakare; President, FELIREP, Peace Anomneze; and Director of Strategy, FELIREP, Adaku Chibuike-Ochiuwa, during a courtesy visit to the Special Adviser by officials of FELIREP... yesterday
Let Purity Extend Beyond Ramadan Period, First Lady Appeals to Muslim Faithful
Obi continues fraternal visits to mosques Awka, Onitsha muslims hail ex-Anambra gov over food, cash donations
First Lady, Senator Oluremi Tinubu, has called on Muslim faithful to allow the purity and godliness currently being exhibited to extend beyond the Ramadan period.
Also, as the Ramadan enters its last ten days, Presidential Candidate of the Labour Party (LP), Mr Peter Obi, has stepped up his fraternal visits to Muslim communities across the country.
At the same time, the Muslim community in Awka and Onitsha, both in Anambra State, have thanked Obi for remaining a strong pillar to them.
However, Mrs. Tinubu gave the charge on Tuesday at the Banquet Hall of the State House, Abuja during Iftal (breaking of Ramadan fast) she organised for federal female legislators, former first ladies, and governors' wives, among others.
According to a release by her media aide, Busola Kukoyi, Tinubu noted that the various programmes by her husband, President Bola Tinubu, were all on track, and the results were beginning to be visible for all to see.
"This is a very solemn time, the time that we are supposed to reflect and also ask God for the forgiveness, where we have erred and do better.
"This time should not just end after 30-days fasting and prayers, we should take it into the way Nigeria is going to be at the horizon.
"Nigeria is on the path of greatness, things cannot be done the same way, it used to be. We have to do whatever it takes to turn things
around," she said.
She, therefore, urged the women to also support one another in order to get the nation fully back on track, reiterating that the nation would be greater and that citizens would be happy once there was love, peace and harmony.
Wife of the Vice-President, Hajia Nana Shettima, who spoke earlier, appreciated Mrs Tinubu for all she had done for the nation.
She urged all women to support the current government and the programmes of the first lady through the Renewed Hope Initiative, urging women to remember the nation in their prayers, especially in these last 10 days of Ramadan. The guest lecturer, Professor Marian Lemu, advised women to remember that God created humans equal, and urged them not to forget all they learnt during Ramadan, and continue in that line.
Obi Continues Fraternal Visits to Mosques
With Ramadan in its last ten days, Presidential Candidate of the Labour Party (LP), Mr Peter Obi, has stepped up his fraternal visits to Muslim communities across the country.
So far, Obi has visited several mosques in many states in the northern part of the country, where he fraternised with Muslim clerics, donated food items as well as broke fast with Muslims.
One of Obi's media handlers, Dr. Yunusa Tanko, once said his principal’s visits to mosques was not political campaigns but to douse feelings that he only visited churches during the presidential election last
year On his latest visits to mosques, Obi Shared photos on his official X page, saying he was in Awka, Anambra State capital, where he interacted and enjoyed the conviviality of the Muslim community there.
“This is a routine I started since my days as the Governor of Anambra State and I have maintained. I shared in the blessings of the Ramadan fasting and prayers while enjoining them, and every Nigerian, to continue to pray for the nation, especially as we are now in the last 10 days of the Ramadan season, which are very significant.
“I encouraged them, and every Nigerian, not to be dispirited by the present myriad of challenges facing the nation, but, in love and unity, continue to work together for the progress of the nation.
“The hunger we experience, the insecurity that ravages our nation, the corruption that pervades every aspect of our national existence, and the poverty that has continued to spread through the country are all affecting every one of us irrespective of our religion or tribe.”
He stressed that “only by a collective resolve to move our nation from consumption to production, can we triumph over our many challenges. This we will do by cultivating the vast arable lands in the North, which will enable us to feed ourselves and export food to the world.”
To that extent, the Muslim communities in Awka and Onitsha, have thanked Obi for remaining a strong pillar to them.
Tinubu, Buhari, NLC, Zulum Mourn as Exlabour President, Comrade Ciroma, Passes
Deji Elumoye, Onyebuchi Ezigbo in Abuja and Michael Olugbode in Maiduguri
President Bola Tinubu, his predecessor, Muhammadu Buhari, the Nigeria Labour congress and the Governor of Borno State, Babagana Zulum, have mourned the passing of a former labour president, Comrade Ali Chiroma.
Tinubu sent his deepest condolences to the Chiroma’s family over the passing of the elder statesman, sympathised with the family, the organised labour community, and everyone impacted by this painful loss.
Recalling the endeavours of the former labour leader at a trying time in the life of the nation, the president, in a statement by his Media Adviser, Ajuri Ngelale, said Chiroma stood up for the independence of the NLC and doggedly defended the downtrodden when it mattered the most. He, however, prayed Almighty
Allah to grant repose to the soul of the departed while assuring the family of the deceased of his thoughts and prayers in this moment of grief.
Buhari, in a release, noted that the deceased left behind notable contributions to the economy and the labour movement well beyond the borders of the nation.
“Ali Chiroma was indomitable. Full of life, insightful and fearless as a leader. He leaves behind a notable contribution to the labour movement and to my political career as an ardent supporter, who stood by me before and during my years in the office of president.
“My thoughts and prayers are with the bereaved family, the government, and the people of Borno State. May Allah give them the fortitude to bear the loss,” he prayed.
The NLC described Chiroma as a nationalist and a globalist, who played active roles in building and strengthening the trade union network in Africa and the globe.
Niger CJ: Police Frustrating Quick Justice Dispensation
Alex Enumah in Abuja and Laleye
Dipo in Minna
The Chief Judge of Niger State, Justice Halima Ibrahim Abdulmalik, has accused the police of frustrating the quick dispensation of justice by not sending case files of detainees to the legal department of the ministry of justice for advice.
This was as Justice Inyang Ekwo of the Federal High Court in Abuja, yesterday, gave permission to the State Security Service (SSS), to keep in its custody, a Nigerian, Emmanuel Osase, over allegations bordering on being a member of the Islamic State in Iraq and Syria (ISIS).
Speaking at the Old Minna Correctional Centre in the state capital
on Tuesday, Justice Abdulmalik said the action of the police has left many detainees in the correctional centres for between four and five years without trial. "This is a deliberate act to incarcerate these inmates. You keep on giving the same excuses of case files that are yet to be duplicated. "You keep on repeating the same story that investigation is ongoing, for how long will you complete Investigation? This is not fair. You can't unjustly incarcerate people in prison on the pretence of Investigation is ongoing," he said. The chief judge, who last week at the Suleja Correctional Centre, set free one Aliyu Adamu after being in detention for one year without trial,
advised the police legal department to work closely with the the office of the Director of Public Prosecution (DPP) in the Ministry of Justice to bring about speedy administration of Justice saying that such nonchalant attitude and ineptitude will no longer be tolerated.
She also directed the Director of Public Prosecution DPP in the state Ministry of Justice to speed up action on the duplication case files for speedy administration of Justice.
Meanwhile, Justice Ekwo, who gave permission to the DSSto keep Osase in its custody, said the defendant was to be in custody for 60 days, within which the security agency was expected to have concluded its investigation.
The court's decision was sequel to an exparte application marked: FHC/ABJ/CS/409/2024, and filed by the SSS.
Counsel to the DSS, Mr A. A Ugee, had told the court that the matter was brought pursuant to Section 66(1) of the Terrorism (Prevention and Prohibition) Act 2022.
He prayed the court for an order enabling the SSS to detain Osase for 60 days pending the conclusion of investigation.
Responding, Justice Ekwo, in a short ruling held that, "Upon studying the averments in the affidavit, I hereby grant the relief as prayed", just as he adjourned the matter till June 3, 2024.
In a statement by the NLC President, Joe Ajaero, the labour movement, which noted that Chiroma served as the President of the Nigeria Labour Congress from 1984 to 1988, said during his tenure, he exhibited unwavering dedication, unyielding commitment, and exceptional leadership that steered the NLC through challenging times.
According to Ajaero, the deceased played very active role in his primary constituency; the Medical and Health Workers Union of Nigeria (MHWUN) from where he was elected President of the Nigeria Labour Congress (NLC).
He described Chiroma as a "nationalist and a globalist, who played active roles in building and strengthening the trade union network in Africa and the globe, adding that, his contributions in the trade union sector remained indelible.
Expressing shock at his death, the immediate past President of NLC, Ayuba Wabba, described him as an epitome of courage and character. He said Chiroma served as the President of the NLC in the hey days of military rule, adding that he served tall with gusto and pride despite the heavily mined field of military dictatorship.
Ondo Guber: APC Settles for Direct Primary
Party rakes in N720m from forms sales
Adedayo Akinwale in Abuja
The All Progressives Congress (APC) has settled for direct primary to elect the standard bearer of the party in the April 20 Ondo governorship primary election.
The ruling party informed the Independent National Electoral Commission (INEC) of its decision to adopt direct primary mode of election in a letter signed by the National Chairman, Dr. Abdullahi Ganduje, and National Secretary, Senator Ajibola Basiru. The Deputy National Organising Secretary, Hon. Nze Duru, confirmed the decision of the party to adopt direct mode of primary.
“We are using the direct primary mode of election for Ondo State governorship primary election.
“This decision has equally been conveyed in a letter duly signed by the National Chairman and the National Secretary to the Independent National Electoral Commission (INEC) that the party
has adopted direct mode of election for Ondo State governorship election," he said.
Meanwhile, the ruling party has realised the sum of N720 million from sales of Expression of Interest and Nomination Forms for the Ondo State governorship ticket. The sale of forms which commenced on Wednesday March 27, closed yesterday April 3, 2024.
At the close of sales, 16 aspirants had picked the forms ahead of the governorship primary election to elect the APC standard bearer for the November 2024 Ondo State governorship election.
THISDAY checks revealed that all the aspirants but two were male. The female aspirants included Funmilayo Adekojo and Mrs Funke Omogoroye Judith. The ruling party raked in N720 million from 14 male aspirants, who picked the forms for N50 million each and two female contenders who paid N10 million each for the expression of interest forms.
34 THURSDAY, APRIL 04, 2024 • THISDAY NEWS
Deji Elumoye, Chuks Okocha in Abuja and David-Chyddy Eleke in Awka
Nigerian ISIS for 60 days
Court permits DSS to detain alleged
Impeachment: Panel Overrules Shaibu’s Objection to Probe, Assembly Closes Case
Deputy governor opts out, counsel exits panel
Adibe Emenyonu in Benin City
The retired Justice S.A. Omonuwa seven-man panel set up by the Chief Judge (CJ), of Edo State, Justice Daniel Okungbowa, to investigate allegations of gross misconducts against the Deputy Governor, Mr. Philip Shaibu, yesterday, ruled that
it would continue its investigation as there was no court order foreclosing it.
The ruling came after counsel to Shaibu, Professor Oladoyin Awoyale (SAN), raised objection to the continuation of the investigation in view of the order of an Abuja Federal High Court.
The court had adjourned the case filed before it by Shaibu to April 8, 2024, for parties in the matter to come and show cause why the court should grant or refuse the prayers for interlocutory injunction against the impeachment processes initiated by the Edo State House of Assembly against the deputy
governor.
Justice Omonuwa (Rtd), while giving his ruling said the Federal High Court in Abuja only asked parties to come and show cause and did not say it should not sit. The deputy Clerk (Legal) and counsel to the Edo State House of Assembly, Ohiafi Joe, while arguing
Help Nigeria for Nigeria to Help You, Uzodimma Urges South East APC Members
Tony Icheku in Owerri
Imo State Governor, Hope Uzodimma, began his assignment as the newly appointed Coordinator of the All Progressives Congress, APC in the South East, with a call on the zone to 'help Nigeria for Nigeria to help her'. He reiterated that to be “a President from South East, other zones must know you and trust you.”
Uzodimma, speaking at the SE Zonal meeting of the APC in Owerri explained that, "What the SE
requires is the support of the bigger zones and for the stakeholders to achieve that, they have to develop the spirit of togetherness, forgive each other to assure the future of our children and generation yet unborn. This requires our being our brother’s keeper.” The Imo governor, who is also the Chairman of Progressive Governors Forum, added that there was only one road for the SE to be part of what is happening at the Centre and that is for the zone to support President Bola Ahmed Tinubu and his programmes.
Kanu’s Family Implores South East Governors to Intervene in His Release from Detention
Emmanuel Ugwu-Nwogo in Umuahia
With seemingly no end in sight to the detention and trial of the leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, his family has sought the intervention of the South East governors to intervene.
The family expressed their desperation in an emotion-laden open letter addressed to the governors, signed by Emmanuel Kanu, the family spokesman and younger brother of the detained Biafra activist.
In the letter titled: “Unlawful Detention of Mazi Nnamdi Kanu, Prisoner of Conscience”, the family spokesman urged the South East Governors to act with "utmost urgency" given the failing health of the IPOB leader.
Emmanuel said the governors should, like Kanu’s family, be "deeply concerned about his "unlawful and unjust detention," adding that it should prick their conscience
that an act of illegality was being perpetuated under their watch.
He appealed to the state chief executives "to rectify this grave injustice without delay" by using their individual and collective good offices to get the authorities to free the Biafra activist.
Kanu’s family called on the Governors "to take immediate and decisive action to secure the release of my brother" whose continued detention was ab initio politically motivated.
"It is your duty as the governors to ensure the protection of every individual's civil liberties, regardless of their beliefs or affiliations. Your obligation to uphold the principles of justice and fairness should guide your actions in every decision made.
"In recent events, it has become abundantly clear that my brother, a law-abiding citizen and a prisoner of conscience, has been wrongfully held against his will and his fundamental human rights have been violated under your watch.
"In other words, there is every need to stand behind President Ahmed Tinubu and the Party APC. Nigeria is practising partisan democracy, so to win an election and be in position, you must use a political party and the party the SE needs now is All Progressives Congress (APC)," he affirmed.
Uzodimma acknowledged that the SE was still suffering from the repercussions of the Nigerian-Biafran Civil War, but noted that President Tinubu and the National Chairman of the APC, Dr. Abdullahi Ganduje, understood the precarious situation of the South East as a marginalised zone and were working with stakeholders to de-marginalise the zone Uzodimma urged the APC faithful from the five SE States to "come together to serve the people of the zone and avoid the pull him
Chuks Okocha in Abuja
An Abuja land developer and former House of Representatives member, Hon Linus Ukachukwu, accused the Minister of the Federal Capital Territory (FCT), Nyesom Wike of working to take his duly allocated lands to favour some Lebanese land developers.
Ukachukwu accused Wike of not having an address outside the political arena and as such, lacked the capacity to intimidate him over his recently demolished Abuja property.
Ukachukwu, who questioned the motive of the minister to ridicule his efforts in developing Abuja, said he was given a national honour in
down syndrome which is common among politicians."
He was delighted over the turnout of the party members to the meeting, saying it, "shows new attitude and incremental awareness on the political demands of the zone."
In his remarks, Governor Francis Nwifuru of Ebonyi State, whose message was delivered by the Deputy Governor, Princess Patricia Onyemaechi Obilar, emphasised that APC needed one voice, needed to be focused and should be a team of brothers to achieve de-marginalisation.
Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Kalu, who was also represented told the audience that President Tinubu, from available data and statistics, had done well with his programmes.
his position, said by virtue of the provisions of the Constitution of the Federal Republic of Nigeria, Section 188 (10), as amended, no court has the right to prevent the House of Assembly, or the panel so set up, from performing its constitutional responsibilities.
Ohiafi further argued that Awoyale (SAN), must convince the panel that the provision of the constitution had been altered for the panel to sustain his argument.
In his ruling, the chairman of the panel, Justice Omonuwa (Rtd), said the panel would continue and asked the House of Assembly to state its case.
Responding to the ruling, Awoyale told the panel that his client would not be able to continue to participate in the investigation and sought the panel's permission to be excused.
When asked whether he was waving his right to defend his client, the Senior Advocate of Nigeria, responded in the negative, stressing that parties must obey the court decision that they should appear before it to show cause.
Probed further if he was "arresting the ruling of the panel", Awoyale (SAN) answered again in the negative and reiterated the need to obey the court which would be sitting on Monday, April 8, 2024.
However, the panel yesterday, adjourned further sitting till today, Thursday April 4, for the respondent to open his defence.
Earlier, the House of Assembly through its Deputy Clerk, Legal, Joe
Ohiafi, had presented Assembly's allegations against Shaibu before the panel after Awoyale sought the leave of the panel to withdraw from further participation in the panel's proceedings.
Awoyale had drawn attention of the panel to the order of Abuja High Court dated 28th day of March, 2024 in suit N0.FHC/ABJ/CS/405 2024 between the Deputy Governor of Edo State, Inspector General of Police and 7 others.
He said the court in its interlocutory order held that the Respondents, their Assigns, Agents howsoever called to show cause on the return date why the reliefs of the motion should or should not be granted the applicant.
He further stated that the order and the originating processes had been served on all the parties in the suit, adding that the matter has been adjourned to April 8, 2024 for the parties to show cause.
"My Lord, in view of this position, our client would not be able to further take part in the proceedings of this panel until the Federal High Court determines this issue one way or the other.
"My Lord, I submit respectfully that further taking part in this proceeding, would foist a faith accompli on the court in Abuja- a situation of helplessness.
"My Lord, we submit further that parties are bound to obey court orders, we submit further taking part in the proceeding would violate the order of court".
2003 on account of his pioneering role in Abuja property development.
Besides questioning Wike on his address, Ukachukwu asked where was Wike when he was honoured in 2003 for his contributions to housing development. Ukachukwu, who spoke in an interview on AIT on Wednesday accused Wike and a former minister of the FCT, Mallam Nasir El-Rufai of collaborating with Lebanese developers to take away his land.
Ukachukwu spoke following the minister’s press conference on Tuesday during which Wike accused the Ukachukwu brothers of manipulating the system to get favourable judgments for themselves at the expense of the public good.
But reacting yesterday, Ukachukwu said, “As far back as 2003, I had a national honour as a result of what I had been doing in the housing sector in Abuja. In 2005, my brother had a similar honour.
“How can you call Linus Ukachukwu and Nichoas Ukachukwu land grabbers? We need a serious apology from Wike. Where was Wike in 2003, when a national honour was given to me as a result of developing Abuja? Where was he?
"Is it because of these fake opportunities that they have in the country that lead them to come on television and start harassing the citizens? When you talk of integrity we never go into shady deals,” he said.
Explaining how he got the land, Ukachukwu said: “This land was given in the nineties. I gave the documents showing the ministerial approval to AIT.
“Along the way because of the size of the land, El-Rufai came in and intimidated the first person (allotee) that they gave that land and did all manners of things to try to take that land from him.
“At the end of the day, they went to EFCC, went to court and the court discharged the guy and said there is no forgery on the document. They went to court of Appeal, EFCC lost and they gave up and gave the Certificate of Clearance to the initial person that the land was allocated to.
NEWS THISDAY • THURSDAY APRIL 04, 2024 35 SIFAX LOGISTICS DONATES OFFICE EQUIPMENT TO LASTMA... L-R; Group Head, Corporate Communications, SIFAX Group, Olumuyiwa Akande; General Manager, SIFAX Logistics, Adewale Adetayo; General Manager, Lagos State Traffic Management Agency LASTMA, Bakare-Oki Olalekan; and Executive Director, Corporate and Governmental Affairs, SIFAX Group, Basil Agboarumi, during the donation of office equipment to the agency at its Head Office, located at Oshodi in Lagos….. yesterday PHOTO: SUNDAY ADIGUN
Wike Can’t Intimidate Me, He Has No Address Outside Politics
Abuja Developer:
2024 COmmemOratiOn Of the WOrld ZerO Waste day...
L-R: Minister of Environment, Balarabe Abass Lawal; Deputy
Dismissing Peace Pact as Unconstitutional, Fubara Vows to Shock Detractors in Rivers
Says it will be fire for fire next NULGE, NLC pledge allegiance to his govt
Blessing ibunge in Port Harcourt
With gloves now off and bare-knuckle fight next, the Rivers State Governor, Siminalayi Fubara, yesterday, vowed to shock all his detractors bent on seeing his government fail.
Fubara gave the warning when he received members of the Nigeria Union of Local Government Employees (NULGE) from the 23 Local Government Areas of the State on a solidarity rally at the Government House gate, in Port Harcourt.
He said he would surprise those who considered his honest decision to implement the presidential peace pact as a sign of weakness, warning that the next time there were false moves, it would be fire for fire.
The governor, who dismissed the presidential intervention as unconstitutional, said he had been observing several comments in the media on the implementation of the peace agreement, but chose to be silent out of maturity and wisdom.
He explained that when President Bola Tinubu intervened in the political crisis that engulfed the state on October 30, 2023, the agreement that was accepted was a political solution.
Fubara said, he had since then commenced implementation of the agreement, solely because of his respect for President Tinubu, but regretted that other political actors had taken his humility and compliance as a sign of weakness.
The governor said, "Let me say it here for record purposes: What is happening here in our dear state is somebody who has respect for an elder.
"Mr. President invited all the parties to Abuja, and came out with a resolution that we should go and implement. That resolution, I am implementing it. It is not a constitutional implementation. It is a political solution to a problem.
"And I am doing it because of the respect I have for Mr President. But, let me say it here, if that action that I have accepted to take would be seen as a weakness, I will surprise them. I want this message to go to them."
Fubara said NULGE's large number at the solidarity rally further proved the nature of the organic support his administration has continued to enjoy from the people of the state.
"Some days ago, somebody said we are busy renting crowd for thanksgiving. But what I have seen here today, is not different from what is happening at those thanksgiving rallies. People are just appreciating God and good governance," he said.
Fubara stated that he was mindful
of the legacy he would bequeath after his tenure, adding: "It should also be about the lives that have been touched genuinely; about the policies implemented without any inducement to better the lives of the people and the society."
The governor urged the people to continue to support his administration, show understanding over actions taken, and obey the rules in a peaceful manner.
"When you are doing what is right, I will stand by you. Nobody, whether full or half, is going to intimidate you. Brace up, I say brace up, because the next step, it will be fire for fire in Rivers State. Everything will be implemented."
He said already, local government workers had started receiving N30,000.00 minimum wage with promotion to be implemented beginning from April's salary payment.
He also promised to set in motion plans to finalise modalities for the implementation of the Consolidated Salary Scale for Grade Level 17, and regular payment of benefits to the local government service retirees.
billion based on the government's policy for us to freeze the tariffs and it was planned for 12 months which gets you to a subsidy of N2.9 trillion now.”
However, reacting to the latest increase in electricity tariff, CPPE stated that the 300 per cent increase in one fell swoop in the price of electricity would be difficult to justify.
CPPE urged the federal government to fix the fundamental issues in the electricity value chain, such as technical and commercial losses, exploitative practice of estimated billing and the problem of over centralisation of the power supply through the national grid model, among other issues.
In a statement, titled, “Comments on Electricity Tariff Review,” Chief Executive Officer of CPPE, Dr. Muda Yusuf, said the power sector issue had become a major conundrum in the economy.
Yusuf stated that there was a major funding and liquidity crisis, posed significant risk to investments in the electricity value chain, especially the rising costs across the chain as a result of the multiple macroeconomic headwinds, while the system was not generating the desired liquidity to match the escalating costs.
He stated, “Tariff review is,
His words: "For our people, the great and wonderful people of Rivers State, we will continue to lead you with the fear of God.
"Maturity is not about age, maturity is in the person. It is what defines the character of a person. I choose not to respond to people that I assumed are matured, but are obviously immature in attitude.
"I will continue to be mature, not minding my age, but I will not, for any reason, allow myself or anybody who is working with me in this administration to be messed with, maltreated or abused in the cause of administering this governance."
In his speech, the Rivers State Chairman of NULGE, Mr Clifford Paul, told the governor that they were on a ‘Thank-You Rally’ to show appreciation for his love for the workers.
Paul confirmed that Fubara had changed their fortunes and restored hope in them when he directed the payment of N30,000.00 minimum wage to the workers, and lifted the right-year ban on promotion, which has now placed them at par with
thus, inevitable. But a 300 per cent increase in one fell swoop is difficult to justify.
“But it is noteworthy that the increase is not across board, as only 15 per cent of electricity consumers are affected. And this is targeting the segment with the highest ability to pay. This reflects some attributes of equity in pricing.
“But some fundamental issues need to be addressed in the electricity value chain. There are issues of technical and commercial losses, which are yet to be addressed.
“These are inefficiencies costs that consumers are compelled or expected to pay for as part of the cost recovery argument. And these costs are in billions of naira. There is also the exploitative practice of estimated billing. Millions of electricity consumers are yet to be metered.
“There is the problem of overcentralisation of the power supply through the national grid model. There are capacity issues with some of the electricity distribution companies, contributing to the lapses in electricity delivery outcomes.
“The energy mix programme is yet to gain an impressive traction.” He added, “It is important to fix these fundamental issues in the power sector. Fiscal policy measures should be immediately deployed
their counterparts across the country.
Also, the Rivers State Chairman of Nigeria Labour Congress (NLC), Alex Agwanwor, said workers had resolved to stand with Fubara because he had demonstrated his love, put smile on their faces and advanced the welfare and growth of the State.
Agwanwor warned that NLC
On his part, the Deputy General Secretary of NULGE, Mr Ajewole Ayodele, who represented his National President, said they were delighted with the pro-people policies of the Fubara administration, particularly for ending the stagnancy and frustration workers suffered. Ayodele assured the Governor of the continued support of the union both at the State and national level to his administration.
would not hesitate to occupy anywhere used by the Rivers State House of Assembly members led by Rt. Hon. Martin Amaewhule, should they begin another impeachment proceedings against the Governor. He noted that in addition, organised labour would be forced to withdraw their members working with the lawmakers, if they decided to throw caution to the wind.
Fire Guts Abure’s Abuja Residence
Chuks Okocha in Abuja
The Abuja home of the National Chairman of the Labour Party, Julius Abure, was yesterday gutted by a mysterious fire while the family was asleep.
A statement by the National Publicity Secretary Obiora Ifoh, stated that the incident took place early in the morning of yesterday. Ifoh said the mysterious fire started a few minutes after 1amwhile Abure
to reduce costs across the entire electricity value chain.” Senator Shehu Sani also condemned the increase in the electricity tariff by NERC, stating it would hurt many Nigerian businesses
Reacting to the electricity tariff increment, Sani, in a post on his X handle, berated the President Bola Tinubu administration for increasing electricity tariff by 300 percent for Nigerians amid rising inflation and high cost of living in the country.
Sani said, “Increasing electricity tariffs by 300 per cent will finally electrocute human lives and businesses in the country.”
Declare State of Emergency on Power Sector, NUEE Tells Tinubu
NUEE President, Adebiyi Adeyeye, urged President Bola Tinubu to declare a state of emergency in the power sector.
Adeyeye, who expressed displeasure with the epileptic power supply in Nigeria, described the situation as unpalatable and unbearable. He urged the federal government to as a matter of urgency call a roundtable for all major stakeholders in power sector.
Adeyeye appealed to the federal government to look critically into the power sector and make substantial
and the members of his family were asleep.
The spokesman of the Labour Party said, "According to a member of the family who narrated the incidence, the family was woken up by neighbours and security men living in the compound who raised the alarm.
"The entire family were trapped as the inferno had reached the staircase making it impossible for Abure and family to escape," Ifoh’s statement stated.
changes where necessary. He stated that many companies were folding up due to unstable power supply, which he said was not the best for the country at this critical time.
He said what was contributing to the failing economy in the country was power supply and if the country must be rescued, the federal government must be ready to revamp the already dying power sector by convening a meeting that would comprise all major stakeholders in the sector.
According to him, “No doubt, the federal government is making frantic efforts to improve the power generation in the country but they need to show some level of seriousness in making sure that Nigerians enjoy stable power supply.
“Yes, I’m aware that last month, the federal government issued a marching order, asking the NERC to withdraw licenses of non-performing electricity distribution companies.
“Both the generating and transmission companies must also be ready to show commitment. You can only distribute what is available.”
The NUEE boss said government should encourage and harness the abundant renewable energy source as against the use of fossil fuel to improve power generation and reduce the effect of climate change in Nigeria as the world is moving
He said it took divine intervention for Abure and his family to escape after neighbours and security men pulled down one of the windows upstairs making ways for the family to escape. "Men of the Fire Service arrived shortly after Abure and his family were evacuated. "Abure and his family were rushed to a private hospital where they are presently receiving treatment. Their condition is however stable," he explained.
towards just energy transition.
Adeyeye also said since the privatisation of the power sector in November 2013, the hope and expectation that privatisation would add value to the life of the poor and bring meaningful impact and improvement to the power sector had been dashed.
He added that the myriad problems that bedevilled the sector prior to the privatisation exercise had worsened and increased in multiple folds.
Adeyeye stated, “Take, for instance, the megawatt output of the generating companies has been dwindling. As at this morning, the total megawatt we operate on is 4,300MW with the incessant collapse of the national grids.
“This is quite unfortunate, with a population of over 200 million. How do we improve our economy under this kind of arrangement?
Investors are leaving the country, moving to neighbouring countries all because we don’t have stable power supply.
“This is sad and shameful. Thousands of Nigerians are losing their jobs owing to the fact that many companies are on diesel to power their generators, which has wreaked havoc on the finances of these companies, hence, they reduce their workforce.”
36 THURSDAY, APRIL 04, 2024 • THISDAY NEWS
Ambassador European Union Delegation to Nigeria and ECOWAS, Mr. Zissimos Vergos; Belgium Deputy Head of Mission Consul, Veronique Bernard; Policy Advisor, Netherlands Embassy , Ms Val Ahmadu; Director Partnership and Education NESRA, Mrs. Bintu Mohammed Kolo with European Union Delegation, Mr. Massimo De Luca, during 2024 Commemoration of the World Zero Waste Day and Launch of Nigeria Circular Economy Roadmap in Abuja. .. yesterday
PHOTO: KINGSLEY ADEBOYE
El E c T r I c ITY Sub SIDY: FG rAISES TA r IFFS F or Top p r I or ITY c u ST om E r S b Y 230.8%, N225/kw H
COURTEsy VisiT TO EdUCaTiON MiNisTER...
L-R: Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa; Minister of Education, Prof.Tahir Mamman, and CEO, Chiplab, Mr. Ola Fadiran, during a courtesy visit to the minister in Abuja…recently
Ododo Flags Off Quick Response Squad to Tackle Security Challenges in Kogi
ibrahim Oyewale in lokoja
As part of efforts to curb crimes in Kogi State, the state Governor, Usman Ododo, has launched a security initiative aimed at taming the upsurge in emerging criminal activities in Lokoja, the state capital, and major towns in the state.
This was contained in a statement signed by the Special Adviser to the Governor on Media, Ismaila Isah, a copy of which was made available to journalists in Lokoja yesterday.
At the flag off of the initiative at the Government House in Lokoja, Governor Ododo restated the commitment of
The operation code named Metropolitan Quick Response is in partnership with the Rapid Response Squad of the Nigeria Police and the joint task force of security agencies in the state.
Governor Adeleke Inaugurates New Health Equipment
yinka Kolawole in Osogbo
The Governor of Osun state, Ademola Adeleke, yesterday inaugurated various health equipment at the office complex of the Osun Health Insurance Agency.
The governor, who was represented by the Secretary to the State Government (SSG), Teslim Igbalaye, presented medical equipment ranging from the Dental Ultrasonic Machine for S and P, Haematocrit Centrifuge, Delivery Couch, Operating Couch, Spectrophotometer, Phototherapy for Neonate, Suctioning machine among others to the beneficiaries.
The event was the initiative of the Osun Health Insurance
Agency, organised to assist Healthcare Providers (HPs) to purchase medical machines and other important equipment and present it to them on credit, while payment back to the agency will be deducted from their monthly capitation in installment.
This programme was part of the plans of the Executive Secretary, Dr. Rasaq Akindele and the management of the agency to ensure that HPs deliver qualitative care to the people of the state. Speaking at the event, Igbalaye said the inauguration of the equipment is a proof of this administration’s commitment to improving the health status of Osun people, both young and old.
Adeola Congratulates Awujale on 64th Anniversary
James sowolein abeokuta
The Chairman, Senate Committee on Appropriations, Solomon Adeola, representing Ogun West on the platform of the All Progressives Congress (APC) in the Senate, has felicitated the Awujale and Paramount Ruler of Ijebuland in Ogun State, Oba Sikiru Kayode Adetona, on the celebration of his 64th coronation anniversary.
The senator in a congratulatory message stated that the Awujale remains a foremost model of royalty in the annals of Nigeria and indeed African history of monarchies for his adherence and promotion of tradition and culture as well as versatility in using monarchial authority to
greatly influence socio-economic development of the people and the society.
Adeola praised Oba Adetona for always standing on the side of truth, equity and justice not only for his people but for the country at large even at the risk of losing his exalted throne.
According to him, “We cannot forget the roles of Awujale in the fight for democracy in Nigeria. He was known to have sheltered key democracy activists during the dark day of the military interregnum as well as stood against the dictatorship of the military era in many instances of sheer defiance to anti-democratic forces. He is a principled royal father par excellence.”
Faith Omodon Declared Missing
The family of Faith Omodon, the daughter of Mr. Edward Omodon (Aka A1), has declared Faith missing* Faith Omodon, is a 200 level student of Business Administration, Delta State University, Agbor. She an indigene of Iru Egbede Community in Iru, Orhionmwon Local Government Area of Edo State, and was declared missing to the hands of the
unknown group. The family in a statement said: “She left home for farm works at about 8 a.m. on March 30, 2024, and up till now she is nowhere to be found. We, the entire family of Omodon and Iru Egbede community in general used the opportunity to call on the state security agencies, vigilantes and well-meaning Nigerians to help us track the whereabouts of the innocent girl.”
his administration to deal decisively with criminals in the state.
The governor noted that the
safety and security of lives and property of the people of Kogi State remains a top priority for the administration, stressing
that nothing will be spared to ensure that the people of the state sleep with their two eyes closed.
Hacey: 4.3bn People Lack Essentials Sexual Reproductive Health Right in Sub-Saharan Africa
yinka Kolawole in Osogbo
Hacey Health Initiative yesterday noted that a staggering 4.3 billion people lack essential sexual and reproductive health right intervention services in sub-Saharan Africa.
Hacey also opined that over 200 million women in developing countries equally
lacked access to modern contraception.
Speaking yesterday at a stakeholders’ roundtable meeting in Osogbo, the Osun State capital, on the theme: ‘Building movements to sustain sexual and reproductive health and right interventions’, the Hacey Programme Manager, Oluwatomi Olunuga, stressed
that sexual and reproductive health (SRH) issues posed a significant challenges for vulnerable adolescents and young people (AYPs) in developing countries, particularly in sub-Saharan Africa. She remarked that two- thirds of illnesses among women of reproductive age in the region are attributed to (SRH) problems.
Olunuga emphasised that vulnerable AYPs in the project communities due to lack of access to essential sexual and reproductive health information and resources are predisposed to challenges such as unintended pregnancies, inadequate antenatal care, unsafe abortions, sexually transmitted infections, HIV, and cervical cancer.
We’ll Not Let You Down, Political Appointees Tell Bauchi Gov
segun awofadeji inBauchi
Some political appointees in the education sector of Bauchi State have promised the state Governor, Bala Mohammedm, not to let him down in the discharge of their assigned responsibilities.
They made the promise in Bauchi yesterday on the occasion of the inauguration of the reconstituted chairmen and members of boards and agencies under the supervision of the state Ministry of Education.
Kemi Olaitan in i badan
The Oyo State Government has begun the third phase of the distribution of agricultural inputs to farmers in the state by giving two bags of 50kg feeds and two bottles of disinfectant to 1,000 pig farmers.
He said: “The governor has put a trust in us, and I’m sure that we will excel.
“In the process of our jobs, there will be ups and downs because we are humans and not only that, there are observers around that feel they know better
Speaking of behalf of the appointees, Alhaji Adamu Duguri, who was appointed as the chairman, Bauchi State Universal Basic Education Board, also promised that they would be responsible, accountable and put in their best.
“We will not let you down InSha-Allah. We will be accountable as responsibilities come with accountability.
“On behalf of the newly appointed, we want to thank the governor and his government for giving us a chance and this chance will be fully utilised so that Bauchi State will excel.”
SAfER: Oyo to Give Feeds, Other Inputs to Livestock, Piggery Farmers
The phase will also witness the free vaccination of at least 120,000 cattle with anthrax vaccine and CBPP vaccine, while another 250,000 cattle, goat and sheep will also be vaccinated by the state government.
The state Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, made the disclosures in Ajaawa, Ogo Oluwa local government, yesterday during the flag-off of the third phase of the farm inputs distribution to farmers in the state.
He added that 1,000 sheep and goat farmers across the state will equally receive two
bags of 50kg wheat offal each. The effort, he noted, is in continuation of measures introduced by Governor ‘Seyi Makinde under the Sustainable Action for Economic Recovery (SAfER) initiative to cushion the effect of economic hardship on residents of the state.
National Security: Nigerian Army Urges Closer Relationship with the Media
Omon-Julius Onabu in asaba
Nigeria’s Chief of Army Staff (COAS), Lt-Gen. Taoreed Lagbaja, has stressed the need for a closer working relationship between the Nigerian Army and media practitioners in the country so as to promote better understanding towards the tackling of security challenges in the country.
The COAS stated this at the 2024 first quarter Army-Media Chat held in Asaba, the Delta State, titled “Imperatives of Military-Media Partnership for Attainment of National Security”.
Gen. Lagbaja was represented by, General Officer Commanding 6 Division, Land Component Commander, Joint Task Force, South-South Operation, MajorGeneral Jamal H. Abdussalam.
“The aim of media chat is to create a conducive environment for dialogue between the Nigerian Army and media practitioners, facilitating the exchange of valuable information and ideas for the mutual benefit of all,” the COAS said, adding that “it is incumbent upon us to reorganise our respective roles and responsibilities in this partnership.”
CSO Calls for Legislature to Hold Divesting IOCs Accountable
Ugo aliogo
The Environmental Rights Action/ Friends of the Earth Nigeria (ERA/FoEN) has stated that the international oil companies (IOCs) operating in Nigeria have lost the right to simply divest in Nigeria, as they cannot be allowed to leave the communities they have subjected to environmental and human right abuses, without addressing the issues.
In a statement issued and made available to THISDAY by the Communication Officer, Elvira
Jordan, he said the ERA/FoEN Executive Director, Chima Williams, stated this at a virtual meeting with the theme: ‘Time for a legislative Pathway on IOC Divestment in the Niger Delta’, which was attended by civil society groups and media professionals across the country.
Williams stated that the divesting IOCs are not totally leaving Nigeria as they want the public to believe, adding that they are only moving their operations offshore where their operations cannot be monitored and their environmental crimes can remain hidden.
Group Condemns Stereotype, Prejudice against Social Workers
ayodeji ake
The Nigeria Association of Social workers (NASoW), an umbrella professional body of all Social Workers in Nigeria, and an affiliate member of International Federation of Social Workers (IFSW), as pledged to break down stereotypes, prejudices, to celebrate the beauty of diversity by embracing differences.
The assertion was made while Joining other Social Workers in the world to observe and celebrate the 2024 International Social Work Day with the theme: ‘Shared for transformative change.’
The month of March is set aside by the United Nations to celebrate International Social Work Day; to draw public attention to Social Work profession and the practitioners, as well as social problems that require urgent attention, ultimately taking concrete steps to resolve identified problems across sectors.
The association in a statement said: “With the Nigeria Council for Social Work Act of 2022 backing the practice of Social Work in Nigeria, this day is set aside to create more awareness about the presence of Social Workers in Nigeria, our service to humanity and our importance to the country.
thursday april 4, 2024 • THisday 37 NEW s
THEIR EYES ON EDO GUBER ELECTION…
Governorship candidate of Labour Party (LP) in Edo State, Mr. Olumide Akpata (left), and LP presidential candidate in 2023 general election, Mr. Peter Obi (right), during their meeting for endorsement and to chart a new beginning for the party...recently
Abia Spends N9bn to Offset Pension Arrears, Adopts Contributory Scheme
Emmanuel Ugwu-Nwogo in umuahia
The Abia State Government has announced that it has spent over N9 billion to offset accumulated pension arrears.
The Commissioner for Finance, Mr. Mike Apara, made this known in Umuahia yesterday at a press briefing after the meeting of the
State Executive Council (SEC). Apara, however, stated that the amount could still go up because pensioners that had issues during the verification exercise could still be sorted out and paid like others.
He explained that the pension payment covered both the arrears that piled up from 2014 and the balance of half payments the retirees received within the
Bandits Displace 289,375 People in Kaduna
John Shiklam in Kaduna
A total of 289,375 people have been displaced in 551 communities across 12 local government areas of Kaduna State, which are worst hit by bandits.
The Executive Secretary of Kaduna State Emergency Management Agency (KADSEMA), Dr. Usman Mazadu, disclosed this yesterday at the flag-off of distribution of palliatives at Maraban Kajuru, Kajuru LGA of the state.
Mazadu said the figures are not just numbers, but statistics “that represent lives, dreams, and the enduring spirit of our people.”
Giving a breakdown of the affected areas, he said: “In Chikun, we have 134 affected communities and 26,345 displaced individuals.
“In Birnin Gwari, 84 communities are affected with 70,893 displaced people and in numerous other communities across 12 other local governments.” Mazadu said: “We are here to initiate a significant undertaking, the flag-off of the distribution of relief materials to our brothers and sisters who have been displaced by the unfortunate events that have befallen some communities in our dear state.”
Katsina Denies Taking Fresh Loans
Francis Sardauna in Katsina
The Katsina State Government has refuted the claim made by the Debt Management Office (DMO), which alleged that the Governor Dikko Umaru Radda’s administration has over ballooned the state’s debt profile.
A report recently published by DMO indicated that Katsina under Governor Radda, together with some other states of the federation, collected fresh loans that worsen the debt crises of their respective states.
past nine months.
“We had an agreement with the Nigerian Union of Pensioners and His Excellency did exactly
what we agreed. And the agreement is to pay the arrears of pensions and that is exactly what the government has done
and they (pensioners) are happy about that,” he said. The finance commissioner acknowledged that the retirees agreed to forfeit some percentage of the arrears to make it easier for government to clear the inherited debt to the senior citizens.
‘Niger Delta Must Stop Entitlement Mentality to Attract Investment’
Olusegun Samuel in yenagoa
A Nollywood star and film director, Walter Anga, has called on stakeholders in the creative industry in Bayelsa State and the Niger Delta region at large to stop their entitlement mentality so as to attract the requisite investment.
Anga, who was in Bayelsa State at a symposium with other stakeholders in the creative Industry, also called for support to ensure the growth of the industry in the state.
He spoke at the maiden edition of the Sylvester Sede’s Symposium with the theme: ‘Creative Innovation and Sustainability: A Glimpse into Bayelsa’s Future’, held at the DSP Alamieyeseigha Memorial Banquet Hall, Yenagoa, the state capital.
Anga, who was the keynote speaker, commended the efforts that have been invested in the creative industry in Bayelsa State, applauding the vision of the Convener, Sylvester Sede, who, through his Sylvester Sede Foundation, organised the event.
‘’It is a collective responsibility to build the creative industry in Bayelsa and the Niger Delta region. Niger Delta youths should get over the sense of entitlement mentality,’’ he said.
Four Killed, Five Injured in Multiple Auto Crash in Kwara
Hammed Shittu in ilorin
Four persons have been reportedly killed while five sustained serious injuries during a multiple auto crash that occurred at Ayere village along Bode Saadu Highway in Moro Local Government Council Area of Kwara state.
The incident, according to THISDAY checks happened yesterday when one of the trucks carrying fertilizer and eight passengers bus wrongfully overtook another vehicle without adequate view of the road ahead and in a bid to avoid colliding with an oncoming truck, lost
control and swerved to the side thereby colliding with another truck carrying tomatoes
It was gathered that, a total of 10 persons were involved in the crash.
The development, it was learnt, led to the death of four persons while five got injured during the auto crash.
When contacted, the Sector Command Public Education Officer, Mr. OB Basambo, who confirmed the incident, stated that, the five injured persons have been taken to the University of Ilorin Teaching Hospital for urgent medical attention.
Ondo Needs a Governor Who’s Political Pedigree, Horizon is Unmatched, Says Ebiseni
Fidelis David in akure
According to the statement, the Radda’s administration has preoccupied itself with repaying subsisting loans secured by previous administrations.
Mohammed maintained that not a single new loan has been collected by the present All Progressives Congress’ (APC), government in Katsina State under Governor Radda.
The statement reads: “This is not to say that the state government will not borrow whenever the need arises. It could borrow to improve the lot of its people and the state in general.
However, the Spokesperson to Governor Dikko Radda, Mr. Ibrahim Kaula Mohammed, has faulted the report in a statement he released to newsmen.
Rotary International District 9111 Trains Presidents-elect
Rotary District 9111 is set to hold its Presidents- elect Training Seminar (PETS) between Friday April 5 and Sunday, April 7 at Orchid Hotel, Lekki-Epe Expressway, Ikota, Lagos State. PETS Coordinator, Rotarian Titi Sunmonu stated that “PETS training for elected Clubs’ Presidents is for leadership capacity building. Also speaking on the development, Rotary International District 9111
Governor-elect, Rotarian Wole Kukoyi, disclosed further that District Training Assembly (DTA) for various elected clubs’ officers is equally scheduled to hold between 19th and 20th April, 2024 in the same venue.
According to a statement, the immediate past District Governor, Rotarian Omotunde Lawson, the District 9111 learning facilitator, will lead other resource persons for all the trainings.
The Secretary-General of Yoruba socio-political organisation, Afenifere, and a governorship aspirant in the Peoples Democratic Party (PDP) for the forthcoming governorship election in Ondo State, Mr Sola Ebiseni, yesterday said the state
doesn’t need a governor who’s horizon has never transcend the coastal state.
Ebiseni, a lawyer and former Commissioner for Environment and Mineral Resources in the state, stated this in Akure at an interactive session with Association of Retired Permanent Secretaries and Retired Senior Civil Servants in the state.
The PDP aspirant said his candidacy represents a beacon of light in a darkness, a symbol of resilience in the face of adversity, and a promise of a brighter future for the people of Ondo State.The PDP chieftain who said his political pedigree is unmatched, with a vast reservoir of experience and achievements to his name stressed that he enormously has comparative advantage in the knowledge of the state in the area of oil and gas, forestry resources, economic crops, solid minerals among others which could bring succour and relief to the people of the state.
Gov Yusuf Distributes Palliatives to 224,440 Residents, Warns against Diversion
Ahmad Sorondinki inKano
Kano State Governor, Abba Kabir Yusuf, has flagged off the distribution of 224, 440 bags of 25kg rice to the less-privileged across the state to ease the Ramadan feeding burden.
This was even as the governor issued a stern warning to the committee in charge of distribution against the diversion of the rice, promising to deal decisively with anyone found wanting.
The governor, who issued the warning while flagging off the distribution in the state yesterday at Tiamin rice in Kano, said the rice would be distributed across the 11, 222 polling units of the 484 Wards in the state.
He said: “I would like to use this opportunity to call on the Local Government Palliative Distribution Compliance Committee to adhere strictly to the guidelines stipulated for the distribution exercise, in a transparent manner and with the view that the food items reach the target groups and individuals.”
He said: “A total of 112,220 of 25kg of rice will be distributed to members of the public according to their senatorial zones. Currently, the distribution will take place in Kano South senatorial zone.
Niger PDP Lawmaker Confirms Receiving Tinubu’s Grains
Laleye Dipo in Minna
A member of the National Assembly from Minna Niger State Hon. Abubakar Audu Buba, has confirmed receiving part of the grains promised federal lawmakers by President Bola Ahmed Tinubu for distribution to their constituents in order to cushion the high cost of food items in the markets.
Buba, who is representing Chanchaga Federal Constituency, said that he received 1,700 bags of 25kg of rice and has begun distributing the item to his constituents in the 379 polling units in his constituency irrespective of political affiliation. He said that lawmakers have received assurance from the President Tinubu that more grains would be delivered to their constituencies very soon.
He charged the committees saddled with the distribution of the items to ensure fairness and avoid the temptation of diverting the goods, warning that those caught in the act would be prosecuted.
Buba, however, said that special arrangements should be made for people living with physical disabilities and the elderly during the sharing.
Participants Laud USAID State2State on Citizens’ Inclusion in Sokoto Budget
Onuminya Innocent in sokoto
Participants at the second quarterly “Pause and Reflect on Citizens’ Participation in Sokoto State’s Budget Consultation Meeting” at the instance of USAID State2State, has applauded citizens’ inclusion in the implementation of the state budget.
They also unanimously agreed that budget preparations for the next year should start in earnest with same vigour of citizens’ participation, to improve better quality services and boost their civic rights and political participation.
The objectives of the meeting, according to USAID State2State Monitoring, Evaluation and Learning Coordinator, Olalekan Medayese, is “to assess the citizen’s progress in the implementations of the past budget in the state and assess the inclusion of citizen’s needs in the states’ approved past budget as submitted by the CSOs.
“The meeting will also explore strategies and recommendations to enhance citizens’ engagement in future budgetary processes and, assess the extent to which the approved 2024 state and local government areas budget incorporate citizen input.”
thursday april 4, 2024 • THISDAY 38 NEW sxtra
Enugu Rangers Consolidate at the Top of NPFL with Win against Sunshine
Duro Ikhazuagbe
The twists and turns of the Nigerian Premier Football League (NPFL) continued with the midweek fixtures yesterday as Rangers International FC of Enugu consolidated their hold at the summit with a 2-0 home win against Sunshine Stars of Akure. The Flying Antelopes are at the top of the Nigerian topflight on 51 points from 28 games. Former champions Enyimba who demolished Kano Pillars 5-0 at their fortress in Aba have now climbed to second spot on 48 points, just three points less than leaders Rangers. Kalu Nweke grabbed the opening goal for The Flying Antelopes on 40 minutes, before Ifeanyi Onyebuchi sealed the victory 2-0 in the 71st minute for them to dim the Akure Gunners.
Elsewhere, Super Eagles interim coach, Finidi George, got Enyimba back to winning ways in fine style after they humbled visiting Kano Pillars 5-0 with a brace by Joseph Atule as well as goals from NPFL leading scorer Chijoke Mbaoma, Eze Ekwutoziam and Muyiwa Alade.
In Lagos, Lobi Stars stayed among the front runners in third place on same 48 points as Enyimba when they held Sporting Lagos to a 1-1 draw on the road.
Sporting Lagos took the lead with a goal by Junior Lokosa after 33 minutes of action, before Lobi drew level in the 61st minute through Samuel Tiza.
Arsenal Return to Top of Premier League with Win against Luton
was afforded too much space in the penalty area.
In Uyo, Doma United stunned hosts Akwa United 1-0 after they held on to an eighth minute strike by Emmanuel Jesam, just as Bayelsa United left it late to stop visitors Heartland and Abia Warriors piped Plateau United 1-0.
Foden fires hat-trick to earn City big win at Aston Villa
Leading
Saka
Japan defender Daiki Hashioka inadvertently put past his own keeper Thomas Kaminski in the 44th minute while trying to stop Reiss Nelson
Rowe
Luton were decimated by injuries to the extent that they had 16-yearold schoolboy defender Christian Chigozie on the substitutes bench.
They never allowed Arsenal to run away with it, while Gunners keeper David Raya was forced to keep out Ross Barkley's free-kick on the stroke of half-time.
Arsenal, however, were largely untroubled as they moved on to 68 points - one point clear of Liverpool, who play bottom-of-the-table Sheffield United at Anfield tonight. Elsewhere, Manchester City demolished Aston Villa 4-1 to tie on same 67 points as Liverpool who are playing Sheffield United at Anfield tonight. They are just one point behind leaders Arsenal with the Reds having the chance to reclaim the top spot today.
In the later kick-off games Shooting Stars beat Kwara United 2-0, while home team Bendel Insurance fell 3-1 to Niger Tornadoes at the Samuel Ogbemudia Stadium in Benin City.
Osayi-Samuel Escapes Lengthy Ban in Turkey
Nigerian international defender, Bright Osayi-Samuel has escaped a possible 10-month ban as the Turkish Football Federation’s disciplinary committee ruled that the Fenerbache player committed no offence in the skirmish that ensued during Trabzonspor and Fenerbahce pitch invasion.
Edo-born Osayi-Samuel was caught on camera pummeling one of the Trabzonspor fans that invaded the pitch to the ground.
But in the ruling by the Turkish FA’s Disciplinary Committee yesterday, Osayi-Samuel escaped the possible ban but his colleagues; Jayden Oosterwolde and Irfan Can Egribayat were given one-game bans for fighting with rival fans. Trabzonspor was also ordered to play six games behind closed doors and a fine of £75,000.
The team’s coach, Egemen Korkmaz, has been banned from the dressing room and bench for
one match for fighting with a rival player.
On Tuesday, Fenerbahce members voted against a proposal to withdrawfrom the Turkish Super Lig in response to the violence.
In the match at Trabzonspor, tensions started to rise in the 87th minute when objects were thrown on to the field after Michy Batshuayi scored what proved to be the winner for the visitors with scores at 3-2.
FIFA President, Gianni Infantino, said the incidents were "absolutely unacceptable".
The Turkish Football Federation called the events "unacceptable" and said in a statement that "the necessary criminal sanctions will be imposed on those responsible for these incidents".
Fenerbahce are second in Super Lig after 30 games - two points behind leaders Galatasaray - and were scheduled to host Adana Demirspor in a late fixture last night.
Chelsea, Man Utd Renew Rivalry Live on GOtv
Chelsea will look to end their winless streak against Manchester United in the Premier League when the Red Devils visit Stamford Bridge for their league clash tonight. The match will be broadcast live on GOtv.
Scott McTominay’s brace was the difference between both teams in the reverse fixture at Old Trafford last December, the result meant Chelsea are yet to record a league victory against United since Alvaro Morata’s winning goal in 2017.
The match will air live on GOtv’s SuperSport Premier League (ch 66) at 9:40pm. Both teams head into this clash on the back of draws. Cole Palmer’s brace was not enough to hand Mauricio Pochettino’s men victory over Burnley last weekend as they were held to a 2-2 draw, while a former Blue, Mason Mount was on the score sheet for the Red Devils in their 1-1 draw with Brentford.
Speaking ahead of the clash, Manchester United’s manager,
Erik Ten Hag was full of praise for the Blues. “They have a fantastic team, fantastic players and play very good football, they can beat anyone and have shown this in the league,” he said.
Providing an update on players available for the clash, Ten Hag disclosed that the defence pair of Johnny Evans and Raphael Varane have been training for the match, while Harry Maguire is also available for selection. But the duo of Lisandro Martinez and Victor Lindelof have been ruled out injured for the next one month.
Also speaking ahead of the clash, Chelsea’s manager, Pochettino urged his players to bring more energy to the match. “We need to play better. We need to show more energy, that we can compete like a team. Tomorrow is Manchester United. The motivation is there. We need to respect the opponent (whoever it is). We need to be motivated every time we play,” he said.
UNIBEN Club Runs Riot over No-Limit to Win Edo Cricket League
With a commanding performance by Destiny Chilemanya, the University of Benin Cricket Team won the Edo State Cricket League title last Monday after humiliating the defending champion, No-Limit Cricket Club, with a 70-run defeat.
The match, which concluded the 2023/24 Cricket season, saw UNIBEN Cricket Club become the new toast of the league, with arrays of budding talents from the state's cricket development programme now fully integrated into the school.
The team paraded former national Under-19 stars including Reigneth Osagie, Miracle Akhigbe, and Okeke Izuchukwu. The team has national
team players such as Peter Aho and Eghosa Aghedo, who captained the team.
The UNIBEN team also paraded Nigeria’s female bowling marvel, Peculiar Agboya, but it was Destiny Chilemanya, who steered the team’s crowning match as league champion on April 1, 2024. It wasn’t April Fool!
The first inning had seen the national team’s choice fast bowler, Chiemelie Udekwe, in No-Limit’s colour partner Godbless Abilo to rattle the University of Benin batting lineup, posting three wickets a piece. In 19.5 overs, the student’s team was all out with 114 runs on board.
The defending champion had
no idea what awaited them in the second inning. It took 73 balls for the Eghosa-led UNIBEN team to rout the defending champion and limit the dream of a title defense. They were all out with only 44 runs in 12.1 overs.
Destiny Chilemanya did six of the damage to their batting order having already contributed 16 runs to Uniben’s 114 total, he was easily the player of the match. Reignet Osagie contributed 27 runs in 25 balls, while Aho had 22 from 32 balls.
Vice Chairman of Edo State Cricket League, Barrister Abraham Oviawe, said that the league churning out new stars is the definition of
success and the fact that a number of the players are presently in school excites the management team.
“While UNIBEN CC was exceptional on the field of play, what marks success for us remains the fact that the talents are local, they all embraced our continual educational policy, and they all proudly came out to represent their Institution.”
“We have other higher Institutions like the Benson Idahoda University and Ambrose Alli University in Ekpoma that have a huge number of our cricket talents here as well, and it is a path we are strongly pursuing into the future.”
THURSdaySpoRTS Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com 0811 181 3083 SMS ONLY THISDAY • THURSDAY APRIL 04, 2024 39
Martin Odegaard...scores in Arsenal 2-0 win against Luton at Emirates Stadium to go top of Premier League
University of Benin Cricket Club celebrating winning the Edo Cricket League in Benin City...on Monday
Arsenal overcame the absence of Bukayo Saka to move back to the top of the Premier League table with victory over struggling Luton at Emirates Stadium.
scorer
was missing after suffering a knock against Manchester City at the weekend, but Mikel Arteta's much-changed side did enough to rout their hardworking opponents and move back above Liverpool at the summit.
Captain Martin Odegaard fired the hosts into the lead in the 24th minute after Pelly Ruddock Mpanzu was bundled off the ball by Emile Smith Rowe, before the Gunners doubled their advantage shortly before half-time.
after Smith
Rangers 2-0 Sunshine Enyimba 5-0 K’Pillars Akwa Utd 0-1 Doma B’Insurance 1-3 Tornadoes Shooting 2-0 Kwara Utd Bayelsa 1-0 Heartland Abia War 1-0 Plateau
RESULTS
CAN to Federal Government
“This year, a public institution, which should be the bastion of exemplary conduct, has been implicated in disseminating content that is widely regarded as offensive and derogatory to the Christian faith. Such messages not only threaten the delicate fabric of our national unity but also undermine the efforts of countless Nigerians working towards fostering mutual respect among diverse religious groups”–TheChristianAssociationofNigeria(CAN)ontheFederalInland RevenueService(FIRS)2024EasterMessage.
olusegun AD e NIYI
T h E v ERDICT
olusegun.adeniyi@thisdaylive.com
Debola Daniel and the Inconvenient Truth
Monday, the 2nd of April was marked globally as World Autism Awareness Day. Despite the millions of families who grapple with the challenge in our country, the day passed us by without much awareness. Meanwhile, the World Health Organisation (WHO) estimates that about one in 88 Nigerian children is on the autism spectrum. That means we have more than two million autistic children in the country; children who have been left without a future. I know many families who have had to relocate abroad to seek treatment and better living condition for their autistic children and countless others who live a miserable existence in Nigeria because they are helpless.
Unfortunately, the problem is far deeper. As I have argued repeatedly on this page, the tragedy of Nigeria is not in government failure but rather in the failure of society. The former is merely a consequence of the latter. And to that extent, until there is an attitudinal change at the level of society, we are not likely to see much improvement in the way we are governed. Today, we live in a country where to have any form of health challenge (be it mental or physical) is to be criminalized and dehumanized, no matter your status. Increasingly, we are becoming a jungle where only the ‘fittest’ survive, without consideration or compassion for the weak and vulnerable. That was what Debola Daniel experienced last week. But we know about his plight only because of who he is. Debola is son of Otunba Gbenga Daniel, a former Governor of Ogun State who is currently a Senator. But because of his physical disability, he suffered humiliation at an eatery where he was known.
For those who may have missed the drama, the Federal Airports Authority of Nigeria (FAAN) last Thursday ordered the closure of the Kentucky Fried Chicken (KFC) outlet at the Murtala Muhammed International Airport (MMIA) in Lagos. This was after Debola narrated (on his social media page) how he was denied entry due to his use of a wheelchair. “Being disabled often rolls over my spirit, leaving behind a trail of shattered dignity and forgotten humanity. Nowhere more so than in Nigeria,” Debola lamented, while drawing attention to the prevalence and broader implications of these discriminatory practices in our country.
What makes the case compelling, as Professor Ebenezer Obadare wrote in his American Council on Foreign Relations blog on Monday, is that even for a status-obsessed society like ours, disability still trumps privilege. Because the KFC staff who dealt with Debola knew who he ‘IS’! Yet, they had the temerity to treat him the way they did, which shows the level of stigma attached to living with disabilities in Nigeria.
Let’s take a few lines from Debola’s account of what transpired: “I arrived at the airport as normal for my Virgin Atlantic flight to London. I’m a frequent flyer and I’m extremely familiar with all due processes at Murtala Muhammed Airport. Years ago, after all security and immigration formalities have been completed, I would normally go to the OASIS lounge to wait for my flight. For the
past three years, the lift to the lounge has been out of service so I’ve often found solace in other establishments, sometimes lounges, sometimes restaurants. Today I chose KFC – what a colossal mistake. I entered the restaurant with four other travel companions consisting of my brothers and wife. The security personnel at KFC, Samuel, greeted me by name as I’ve been there multiple times. Just as we were about to sit, the lady at the till – who was apparently the manager – called out loudly, ‘NO WHEELCHAIRS ALLOWED’. Our group paused in confusion, before my brother, Taiwo, asked what she meant. She refused to listen to reason and stood her ground that at @kfcnigeria Murtala Muhammed branch, wheelchairs and wheelchair users of all shapes and sizes were not permitted in the premises and we should leave immediately.”
Debola then went on to narrate the various interventions by people around him with the KFC management that failed to yield any positive result before he concluded on a philosophical note: “It harkens back to dark periods in recent history. ’No wheelchairs allowed’; ‘No coloureds allowed’; ‘No blacks allowed’…Today I felt less than human, like a guard dog not allowed into the house. Lonely and isolated…There are approximately 27 million Nigerians living with some form of disability. That’s over 13% of the country...”
I understand that the KFC management has apologised to Debola as demanded by FAAN but that does not mitigate the gravity of what happened. Or that it will not happen again elsewhere. Incidentally, in January last year, Debola had expressed a similar concern based on another discriminatory experience. “To be a disabled Nigerian is a lonely, scary, and isolated place. I have often struggled to articulate my Nigerian experience in a way people could understand,” Debola wrote while sharing the story of a concert he could not
attend at the time. “There’s never a place for you. Not in the infrastructure, not in social settings and increasingly not in society.”
What happened to Debola was not an isolated incident. It reflects the attitude of our society towards the physically challenged. In every area of life, people with one disability or another are discriminated against and deprived of their rights. For instance, most hospitals, schools, places of worship etc. are not wheel-chair accessible across the country. In their 29 September 2020 paper, ‘Social inclusion of persons with disabilities in Nigeria: Challenges and opportunities’, two World Bank staff, Rosa Martinez and Valarakshmi Vemuru, argued that when the attitudes of a community are negative towards a vulnerable group, they will struggle much more to realize their potential. “Persons with disabilities in Nigeria persistently face stigma, discrimination, and barriers to accessing basic social services and economic opportunities,” they wrote. Cosmos Okoli, an enterprising man who has proved that there is ability in disability once buttressed the same point: “We have had cases where some principals and head teachers refused admission to candidates not on the basis of incompetence but for their disabilities.”
When on 23 January 2019 President Muhammadu Buhari assented the Discrimination against Persons with Disabilities (Prohibition) Act, there was excitement among stakeholders. But, as we have seen over the years, the challenge is more about the attitude of Nigerians to the plights of this vulnerable group. It has little to do with the law. Even during the military era, we had the ‘Nigerians with Disability’ military decree of 1993 which provides “a clear and comprehensive legal protection and security for Nigerians with disability as well as establish standard for enforcement of their rights and privileges.” That offered no protection to them and decades later, even under a democratic dispensation, nothing has changed. That the Federal Competition and Consumer Protection Commission (FCCPC), FAAN and other agencies are responding after Debola recounted his experience at KFC is not because they care but rather because of his status.
Remarkably, one of the early reports released by Agora Policy, an Abuja-based think-tank spearheaded by the former Nigeria Extractive Industry Transparency Initiative (NEITI) Executive Secretary, Waziri Adio, was on ‘How to Deepen Social and Political Inclusion in Nigeria.’ The aspect on the plights of People with Disabilities (PWDs) in Nigeria is quite revealing. “Many cultures and religions perceive disability as a curse or repercussion for wrongdoing. This explains why in many communities, spiritual solutions are sought, a person with disability is isolated, sometimes hidden by their families out of ‘shame’’, the report stated. “Many PWDs, through their socialisation, learn to self-stigmatise and isolate for fear of negative reactions and exclusion by their community members. Children with disabilities are body shamed by their peers, girls and women with disabilities are sexually violated and their complaints, when made, are often dismissed by law enforcement agents.”
The tragedy is that we have a considerable population of PWDs in Nigeria. The World Bank reported that in 2018, about 29 million of the estimated population of 195 million Nigerians were living with a disability. “Data from the 2018 Nigeria Demographic and Health Survey reveal that an estimated 7 percent of household members above the age of five (as well as 9 percent of those 60 or older) have some level of difficulty in at least one functional domain, seeing, hearing, communication, cognition, walking, or self-care; and 1 percent either have a lot of difficulty or cannot function at all in at least one domain. These estimated rates, while significant, are probably even higher because current available data likely underestimate the prevalence,” the World Bank stated before the damning conclusion: “Findings indicate that persons with disabilities lack access to basic services and that attitudinal barriers represent a major impediment to their socioeconomic inclusion. Inclusive policies are either non-existent, weak, or inadequately implemented.”
As I stated earlier, whether it is physical or mental, there is little or no protection for people with such challenges in our country. Incidentally, until President Buhari signed the National Mental Health Act, 2021, legislation in place for dealing with mental health was the Lunacy Act of 1958 which, even as the title suggests, is about stigmatisation. That explains why across the country, you still find people with mental health chained and paraded the streets like animals. Clearly, Nigeria is not a compassionate society. I shudder to imagine what would have happened if the late Stephen Hawking, one of the greatest scientific thinkers of our generation, had been born a Nigerian!
Deliberately, I shared the draft of this column with a close friend who has a special needs child. This was her response: “As you know, my daughter is neuro divergent. It has been a battle to get her educated in Nigeria. If I ever give up on this country it would be because I want to give her the fighting chance that Nigeria refuses to give her. Healthcare for her is literally costing me my life savings and the way this society treats us makes it so difficult to create normalcy for her outside the home. This is why many parents in Nigeria, including affluent parents, prefer to hide their challenged children at home and the less affluent ones abandon them to the streets when they are young adults. There is nowhere really for them to go because the society does little to try and accommodate our children.”
While we applaud Debola Daniel for speaking up, what happened to him is not unique. It is what millions of people with similar challenges face every day in our country. As my friend’s example illustrates, raising children who are neuro divergent is a difficult task in Nigeria. It is the same with those with physical challenges, as Debola Daniel’s experience also demonstrates. But it is beyond what government alone can resolve. What we must begin to deal with includes the exclusion, discrimination, isolation, lack of empathy and frankly, the absence of thought in all facets of our society for the weak and vulnerable among us.
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Debola Daniel