MONDAY 1ST JULY 2024

Global Diaspora fund transfer to hit $690bn by 2025

Emmanuel Addeh in Abuja Diaspora remittance to Nigeria was

Cameroon, Nigeria Agree to End Decades-long Border Dispute...

www.thisdaylive.com

FG to Flag Off C’River, Akwa Ibom Sections of Lagos-Calabar Highway in August

Umahi flays foreign contractors for alleged delay in road projects

Emmanuel Addeh in Abuja and Bassey Inyang in Calabar The federal government has concluded plans to commence the next phase of the Lagos-Calabar

Coastal highway from Cross River to Akwa Ibom states in August. A statement signed by Edet

Ekpenyong on behalf of the Director of Information and Public Relations, stressed that the Minister of Works,

David Umahi, disclosed this at a stakeholders’ engagement in Uyo. "We are here to introduce sections

three and four of the famous

Continued on page 5

Tinubu: Purveyors of Borno Suicide Attack Shall Face Certain Justice

Says incident is cowardly, isolated episode UN: We’re horrified by attack on civilians Northern governors,

Deji Elumoye, Chuks Okocha, Sunday Aborisade, Ikechukwu Aleke in Abuja and Segun Awofadeji in Gombe

President Bola Ahmed Tinubu, yesterday, condemned last weekend's suicide bomb attacks in Gwoza Local Government Area of Borno State and warned that purveyors of wanton violence in the country will certainly face justice.

Tinubu described the incident, which resulted in the loss of several lives, as cowardly. He stated that it was an isolated episode, and the government was already taking necessary steps to secure citizens.

Chairman of the Northern States Governors' Forum (NSGF) and Governor of Gombe State, Muhammadu Inuwa Yahaya, also condemned the act and expressed condolences to the victims, government and people of Borno.

Former Vice President, Alhaji Atiku Abubakar, said it was

Continued on page 5

others

condemn

devt,

urge unity, resilience against terrorists

SANWO-OLU GETS AWARD FROM CRANS MONTANA FORUM IN BRUSSELS...

L-R: Ambassador Jean-Paul Carteron, president of the Crans Montana Forum; Mr Babajide Sanwo-Olu, Governor of Lagos State; Didier Reynders, European Commissioner for Justice; and Rule of Law and Mr Miguel Angel Moratinos, the high representative of the UN for the Alliance of Civilisations, presenting Mr Sanwo-Olu with the Le Prix de La Fondation award for his presentation, which was adjudged the best, at the Forum in Brussels … at the weekend. Mr Sanwo-Olu was the best speaker at the June session dedicated to Africa Challenges. The award is under the patronage of HRH Prince Jean de Luxembourg. He (Sanwo-Olu) definitely belongs to the generation of respected leaders who will achieve the world integration of Africa and for this reason was awarded by the high representatives of United Nations - specially from New York - and European Union, Amb. Carteron said

Far Right Leads First Round of France’s Parliamentary Election in Blow to Macron

Emmanuel Addeh in Abuja

Marine Le Pen’s far-right National Rally (RN) party yesterday took the lead in the first round of France’s parliamentary elections, initial projections showed, taking it closer to the gates of power than ever before.

After unusually high turnout, the RN bloc led with 34 per cent of the vote, while left-wing New Popular Front (NFP) coalition was in second with 28.1 per cent and President Emmanuel Macron’s Ensemble alliance slumped to a dismal third with 20.3 per cent, according to initial estimates by Ipsos.

CNN reported that while the RN appeared on track to win the most seats in the National Assembly, it may fall short of the 289 seats required for an absolute majority, suggesting France may be heading for a hung parliament and more political uncertainty.

Projections showed that, after the second round of voting next Sunday, the RN would win between 230 and 280 seats in the 577-seat lower house – a staggering rise from its count of 88 in the outgoing parliament. The NFP was projected to secure between 125 and 165 seats, with Ensemble trailing with between 70 and 100 seats.

The election, which Macron called after his party was battered by the RN in European Parliament elections earlier this month, could leave him to see out the remaining three years of his presidential term in an awkward partnership with a prime minister from an opposition party, the report said.

The RN election party in the northern town of Henin Beaumont erupted in celebration as the results were announced – but Marine Le Pen was quick to stress that next Sunday’s vote will be key.

“Democracy has spoken, and the French people have placed the National Rally and its allies in first place – and has practically erased the Macronist bloc,” she told a jubilant crowd, adding: “Nothing has been won – and the second round will

be decisive.”

In a speech at the RN’s headquarters in Paris, Jordan Bardella, the party’s 28-year-old leader and its to become prime minister, echoed Le Pen’s message.

“The vote taking place next Sunday is one of the most decisive in the entire history of the Fifth Republic,” Bardella said.

In bullish speeches before the first round, Bardella said he would refuse to govern a minority government, in which the RN would require the votes of allies to pass laws.

If the RN falls short of an absolute majority and Bardella stays true to his word, Macron might then have to search for a prime minister on the hard left, or somewhere else entirely to form a technocratic government.

With an unprecedented number of seats going to a three-way run-off, a week of political bargaining will now ensue, as centrist and left-wing parties decide whether or not to stand down in individual seats to block the nationalist and anti-immigrant RN – long a pariah in French politics – from winning a majority.

When the RN – under its previous name, the National Front – has performed strongly in the first round of votes in the past, left-wing and centrist parties have previously united to block them from taking office, under a principle known as the “cordon sanitaire.”

After Jean-Marie Le Pen – the father of Marine and decades-long leader of the National Front – unexpectedly defeated the Socialist candidate Lionel Jospin in the 2002 presidential election, the Socialists swung their weight behind the centre-right candidate

Jacques Chirac, delivering him a landslide in the second-round runoff.

In an attempt to deny the RN a majority, the NFP – a left-wing coalition that formed earlier this month – promised it will withdraw all of its candidates who came in third place in the first round.

“Our instruction is clear – not one more vote, not one more seat for the National Rally,” Jean-Luc Melenchon, the leader of France Unbowed – the largest party in the NFP – told supporters Sunday. “A long week awaits us ahead,

everyone will take his or her decision with conscience, this decision will determine, in the long-term, the future of our country and each one of our destinies,” Melenchon added.

TINUBU: PURVEYORS OF BORNO SUICIDE ATTACK SHALL FACE CERTAIN JUSTICE

sad that suicide bombing was to resurfacing in the North-east.

Director-General of Borno State Emergency Management Agency (SEMA), Dr. Barkindo Saibu, gave a vivid account of how the teenage female suicide bombers detonated explosives that killed 18 children, pregnant women, men and others on Saturday in Gwoza.

Gwoza is the birthplace of Chief Whip of the Senate, Mohammed Ali Ndume.

Meanwhile, the Nigerian Air Force, yesterday, said the Air Component of the Joint Taskforce, Operation Delta Safe, intercepted fleeing speed boats with stolen oil in the Niger Delta, and killed some terrorists at Kuchi-Kapana community in Munya Local Government Area of Niger State.

In a release by his media adviser, Ajuri Ngelale, Tinubu described the Borno attacks as desperate acts of terror, a clear manifestation of the pressure mounted against terrorists, and a mark of the success achieved in degrading the terrorists’ capacity to launch offensives.

He declared that perpetrators of wanton violence will have a certain encounter with justice, adding, "These cowardly attacks are only but an isolated episode.”

FG TO FLAG OFF C’RIVER, AKWA IBOM SECTIONS OF LAGOSCALABAR HIGHWAY IN AUGUST

Lagos-Calabar Coastal Highway. We started and awarded section one which started in Lagos and terminated at the Deep Port in Lagos.

"There is section two that is starting at Lekki Deep Sea Port and taking it to the famous Dangote Refinery," he was quoted as saying.

Umahi added that President Bola Tinubu has directed that sections three and four must start from Cross River and stop at Akwa Ibom. He explained that section three has 27km on Akwa Ibom land, 38km on Cross River State, while section four with 80km is entirely in Akwa Ibom.

"When we complete the procurement process and award these sections three and four, work will start in many sub-sections at the same time. Tinubu is a man who matches his words with actions.

“So we are happy with the level of commendations and support we receive from Nigerians for the so many benefits of the coastal highway. After this stakeholders’ engagement, we will get the design and start the procurement. We are very sure that in the month of August construction will start in this state.

“I will not allow construction to start only from Akwa Ibom, but ensure that construction starts in three sections, two in Cross River and one in Akwa Ibom,” he added.

Throwing more light on the proposed sections of the road, Umahi said the projects will have a rail track, now redesigned to the sides, rather than the middle of the

highway.

Speaking at the event, Senate President, Godswill Akpabio, expressed his appreciation to the president for listening to his plea to start sections three and four of the coastal highway in both states.

He called on the Akwa Ibom State Governor, Umo Eno, to give maximum support to the federal government and buy into the coastal highway project. The former Akwa Ibom governor also called on the minister of works to engage the services of engineers from the state on the project.

Also speaking at the event, the Akwa Ibom state governor, Eno, represented by his Deputy, Peter Odey, assured the stakeholders that the state will cooperate with the federal government to ensure the completion of the project .

Surveyor General of Cross River State, Patrick Bassey, in his remarks said the people should be sensitised on the importance of the road to the state, stating that everything would be put in place from his department to ensure easy access to right of way within the state.

In a separate statement, the ministry of works said the federal government may terminate the contracts on the reconstruction and rehabilitation of the Lokoja-Benin road for delay on the job.

The minister, while lamenting the attitude of some expatriate contractors in the country warned that any contractor who continues to behave that way will have their contracts terminated.

He said his government will “not allow the country to slither into an era of fear, tears, sorrow, and blood".

He emphasised that his administration was applying necessary measures to secure citizens, stressing that efforts would be redoubled to ensure that those who trouble the country, dispatching precious lives, and disrupting law and order are completely removed.

Tinubu condoled with the victims of the attacks, the families of the deceased, as well as the government and people of Borno State.

But Boko Haram conducted yet another bombing at Monguno, in the northern part of Borno State, yesterday.

According to residents of Monguno, there was a bomb attack at 11:45 am yesterday at Mile 90 along Monguno-Baga road, which took two lives, an elderly person and an adult boy.

It was gathered that the blast occurred close to farmlands near Monguno and the two casualties were farmers.

The details of the attack were sketchy, as the attention of many in the state was still on Saturday’s attacks in Gwoza.

The Gwoza attacks made the State Specialist Hospital in Maiduguri a hub of activity following the arrival of more wounded persons, who were brought for treatment.

Medical personnel, all through Sunday, were stretched thin, as they attended to the influx of patients, many of whom were in critical conditions.

The atmosphere at the hospital located at the centre of Maiduguri was pensive as family members trooped in to see their injured relatives on admission. The victims included children, women and men.

Meanwhile, two female suicide bombers were, reportedly, arrested in Borno State in connection with the detonation of improvised explosive devices (IEDs) in Gwoza. A local government official, who confirmed this to Channels Television, said 30 of the female suicide bombers were sent into Gwoza to detonate the IEDs at different locations.

But only four suicide bombers exploded so far, the source said.

The source added that one of the female bombers that came from Pulka Axis was being interrogated by the military at a checkpoint when she panicked and detonated the IED, killing herself, a soldier, and a civilian JTF member.

The women were said to have come into Gwoza from different locations, including Pulka and the Mandara mountains.

Northern Governors Condemn Attacks, Urge Unity, Resilience against Terrorists

Chairman of the Northern States Governors' Forum (NSGF), Governor Inuwa Yahaya of Gombe State, expressed condolences to the victims, government and people of Borno State following the tragic suicide attacks in Gwoza Local

Government Area.

According to a press release by Director-General, Press Affairs, Government House, Ismaila Misilli, Yahaya condemned the heinous act, describing it as cowardly.

The governor emphasised that such acts of terror had no place in a peaceful and progressive society.

"These cowardly attacks by bloodthirsty terrorists will never break the spirit of the peace-loving people of Northern Nigeria and our great nation," he declared.

The governor acknowledged the relentless efforts of the Tinubu administration to combate terrorism and the pressure being mounted against the criminal elements.

"We must ensure that our security apparatus is always a step ahead of these terrorists. Enhanced intelligence and proactive measures are vital in preventing such tragic incidents," Yahaya stated.

Atiku: It's Sad Suicide Bombing

Resurfacing

Former Vice President Atiku Abubakar condemned the Borno attack, saying, "It is a sad development that the ugly incidents of terrorism are resurfacing and, indeed, metastasising in the North-east.”

Atiku called on the federal government to ensure that the North-east did not slide back into terrorism.

He stated, "The reported attack by suicide bombers at a wedding

reception, funeral procession, and a hospital on Saturday stands condemned.

"It is unfortunate that much of the pushback that had been achieved against the Boko Haram terror sect are being cancelled, owing mainly to the government’s lacklustre posture to hold firmly on the frontline.

"It is, thus, important to call on the federal authorities to wake up to their responsibility and to make sure that the North-east does not slide back into a theatre of terrorism and extreme violence.

"My condolences go to the families of victims of these attacks, and it is my prayer that God grants a peaceful repose to the souls of the departed."

Borno SEMA DG Explains How Female Bombers

Killed Pregnant Women, Children

Director-General of Borno State Emergency Management Agency (SEMA), Dr. Barkindo Saibu, offered a detailed account of how teenage female suicide bombers detonated the explosives that killed 18 people on Saturday in Gwoza. Saibu, who spoke when he visited the Senate Chief Whip, according to a statement by Ndume's media office, decried the situation. Saibu said, “In the first blast, a Continued on page 12

W’BANK: AT $19.5BN, NIGERIA ACCOUNTED FOR 35% OF SUB-SAHARAN AFRICA’S DIASPORA REMITTANCE IN 2023

the largest source of remittances in the world, followed by Saudi Arabia and Switzerland, the report added.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said last week that Nigeria was expecting a doubling of its Diaspora remittance in the near future to boost its foreign exchange earnings.

The World Bank noted that remittances remain a crucial source of external finance for low-and middleincome countries (LMICS), hitting an estimated $656 billion in 2023.

In 2023, remittance flows to LMICS were supported by strong labour markets in the advanced economies, it said, particularly in the United States, which stands as the largest source country for remittances and the primary destination country for migrants.

By region, Sub-Saharan Africa saw a slight decline of 0.3 per cent in remittance flows, yet remittances continued to bolster the current accounts of several countries grappling with food insecurity and debt issues, it stressed.

In all, the top five recipient countries for remittances in 2023 were: India, with an estimated inflow of $120 billion, followed by Mexico ($66 billion), China ($50 billion), the Philippines ($39 billion), and Pakistan ($27 billion).

In smaller economies, the report said remittance inflows represent very large shares of

Gross Domestic Product (GDP), highlighting their importance for funding the current account and fiscal shortfalls.

“Looking ahead, remittances are expected to grow by 2.3 per cent in 2024 and 2.8 per cent in 2025, to reach $690 billion by 2025. In contrast, Foreign Direct Investment (FDI) flows, which have steadily decreased since 2012, are unlikely to recover strongly,” the global financial institution stated.

Remittance flows to low- and middle-income countries grew by 0.7 per cent to reach $656 billion in 2023 and continued to be the premier source of external finance for LMICs during 2023, surpassing foreign direct investment, it said. Sending remittances, it noted, remained too costly due to limited competition among providers and inadequate cross-border inter-operability.

In the Q4 of 2023, the global average cost of sending $200 was 6.4 per cent of the amount being sent, slightly up from 6.2 percent a year earlier and well above the Sustainable Development Goal (SDG) target of 3 per cent, the bank added.

Digital remittances had a lower cost of 5 per cent, compared with 7 per cent for non-digital methods, highlighting the benefits of technological advancements in reducing migrants' financial burden.

Based on new census data and

national statistics, the stock of international migrants, the bank said, is estimated to have been 302 million in 2023. The top destination countries are the United States, Germany, Saudi Arabia, Russia, and the United Kingdom.

“Remittance flows to SubSaharan Africa reached $54 billion in 2023, a slight decrease of 0.3 per cent. The projected moderate growth in remittances reflects the expected slower growth in the United States while a feeble rebound is expected in flows from Europe.

“Countries heavily dependent on remittances include the Gambia, Lesotho, Comoros, Liberia, and Cabo Verde. Flows are projected to grow by 1.5 per cent in 2024. Sending $200 to the region cost an average of 7.9 per cent, almost unchanged from a year before,” it pointed out.

In 2023, remittance flows were affected by a combination of structural and cyclical factors in the source and recipient countries, including job markets for migrant workers in the source countries, immigration policies that affect the flow of migrant workers and their transit routes.

Others were their employment prospects; exchange rate movements of major source-country currencies against the US dollar; the prevalence of multiple exchange rates in recipient countries; as well as war

and conflict.

“The largest recipients of remittances in the region during 2023-measured in US dollar terms include Nigeria, Ghana, Kenya, and Zimbabwe. Remittances have become the most important foreign exchange earner in several countries.

“The regional growth in remittances in 2023 was largely driven by strong remittance growth in Uganda (15 per cent to $1.4 billion), Rwanda (9.3 per cent to $0.5 billion), Kenya (2.6 per cent to $4.2 billion), and Tanzania (4 per cent to $0.7 billion).

“Remittances to Nigeria, accounting for around 35 per cent of total remittance inflows to the region, decreased by 2.9 per cent to $19.5 billion,” the global bank added.

For growth of remittances to Sub-Saharan Africa, the World Bank projected it to recover slightly from negative growth of -0.3 per cent in 2023 to +1.5 per cent in 2024. Risks to the outlook, it said, include lower-than-expected growth in developed countries that will lead to a decline in remittances sent by the African Diaspora and an escalation of the conflict in Israel-Gaza that could disrupt the supply chain. It further listed security risks in Burkina Faso, Chad, the Democratic Republic of Congo, Mali, Mozambique, and Nigeria as well as climate risks as other factors that could impact the expected remittance.

Macron

ROTARY CLUB’S HANDOVER CEREMONY AND AWARDS NIGHT...

L-R: Assistant Governor, Rotary International District 9112 Nigeria, Isichei Osamgbi; incoming President, Rotary Club of Falom o, Sandra Ovie; her daughter, Michelle Ovie;

the outgoing President, Ote Enaibe, at the club's handover ceremony and awards night in Lagos at the weekend.

UNICEF Enrols 123,575 Katsina Girls, Boys on Nigeria Learning Passport

EU advises FG to reduce poverty by funding social protection interventions

Michael Olugbode, Kuni Tyessi in Abuja, Segun Awofadeji in Bauchi and Francis Sardauna in Katsina

The United Nations Children’s Fund (UNICEF), in collaboration with the Katsina State government, has enrolled 123,575 girls and boys on the Nigeria Learning Passport (NLP) in the state.

That was as the European Union (EU) urged the federal and state governments to increase funding for social protection interventions, emphasising their importance in reducing poverty nationwide.

UNICEF Chief, Kano field office, Mr. Rahama Farah, who disclosed the enrolment during a one-day media dialogue in Katsina, said the NLP platform provided access to alternative

learning to many children. Nigeria Learning Passport is an online e-learning platform with mobile and offline capability that enables continuous access to quality education. Farah said the 123,575 enrolment of the young learners in the state represented 11 per cent of the total Nigeria learning passport enrolment in the country.

He stated, “UNICEF and partners, such as the World Bank, the European Union and the FCDO, have collaborated with AGILE and BESDA projects to support Katsina State and governments in enrolment of over 123,575 learners, boys, and girls, on the NLP platform in the last two years.”

He explained that 500 community

learning hubs had also been created in 10 frontline local government areas of the state, while 2,760 solar radios and memory sticks were provided in support of alternative learning solutions in the state.

In a related development, Head of Cooperation for the EU Delegation to Nigeria and ECOWAS, Mr Massimo De Luca, in a communiqué at the end of the third edition of the Social Protection Cross-Learning Summit (SPECS) in Abuja, described social protection as a crucial support system for vulnerable and poor households, providing both a safety net and hope.

The summit was organised by the Federal Ministry of Finance in collaboration with the Social Protection Development Partner

Group (DPG) under the theme, “Social Protection Towards Human Capital Development.”

De Luca stressed that social protection played a vital role in human capital development by ensuring access to essential services, such as education, health, and nutrition.

According to De Luca, this contributes to economic stability, poverty reduction, and inclusive growth, forming a strong foundation for the country’s overall development.

Referencing a World Bank report that estimated Nigeria’s poor population at 104 million, or 46 per cent, in 2023, De Luca stated, “Investing in social protection means investing in our collective future and

Tinubu, Ododo, Nigerian Military Mourn Ex-CDS, Ogohi

President Bola Tinubu, yesterday, extended his condolences to the family of Adm. Ibrahim Ogohi (rtd), a well-decorated officer, who was Chief of Defence Staff from 1999 to 2003.

Tinubu, according to a release issued by his media adviser, Ajuri Ngelale, said Ogohi’s services to the country will always be remembered.

Tinubu prayed for the repose of the soul of the deceased and comfort to his family.

Similarly, Kogi State Governor Usman Ododo commiserated with the Ogohi family over the death of

the former CDS, an indigene of the state, who was 75. In a condolence message, Ododo described the late Ogohi as an illustrious son of Kogi state and one of Nigeria’s finest military officers who contributed immensely to keep Nigeria united in the face of national challenges.

The governor said, “Admiral Ibrahim Ogohi was an excellent military officer and a statesman who was committed to the unity and peaceful coexistence among the people of Nigeria until his last days on earth.

“His illustrious military career saw him make enormous sacrifices as an officer to keep Nigeria as one indivisible entity and he had remained a committed elder statesman in his retirement by

making invaluable contributions to the development of Kogi State and had been a huge source of inspiration to many in the country and beyond.

"Nigeria and the government and people of Kogi State have lost a fine and experienced military officer and rare statesman.”

Ogohi was the first naval officer to become Nigeria’s Chief of Defence Staff and served from 1999 to 2003 under former President Olusegun Obasanjo. He was born in November 1948 and died in the early hours of Sunday, June 30, 2024. His remains had been laid to rest at his home town, Okura Lafia, Dekina Local Government Area of Kogi State.

The military high command also

expressed grief over the passing of Ogohi.

The CDS, General Christopher Musa, in a statement yesterday, signed by Acting Director of Defence Information, Brig.- Gen. Tukur Gusau, revealed that the eighth Chief of Defence Staff died at a hospital in Abuja after a brief illness.

The statement said, "On behalf of the Armed Forces of Nigeria, the Chief of Defence Staff, General Christopher Gwabin Musa, hereby announces the sad demise of the 8th Chief of Defence Staff, Armed Forces of Nigeria (19992003) Admiral Ibrahim Ogohi.

“Admiral Ogohi died in the early hours of today, Sunday, 30 June 2024, at a hospital in Abuja after a brief illness. He was 75 years old."

Unpaid Bills: Air Force Personnel Allegedly Invade Power Supply Facilities in Lagos

Some air force personnel from the Sam Ethnan Air Force Base, Bolade, Oshodi, have allegedly invaded the premises of critical power infrastructure in Lagos state, rough-handling them in the process and forcibly taking others away.

People in the know of the matter revealed that the air force personnel carried out the act as a result of the disconnection carried out at their base, arising from unpaid electricity bills running into billions of naira.

An eyewitness account revealed that the air force personnel, whose pictures, names and identity available, were withheld, stormed the Transmission Company of Nigeria (TCN) station, and Eko Distribution Company (Disco) Mushin Business Unit, both situated in Isolo as well as the Ikeja Electric’s Oshodi Business Unit, Okota Road. During the attack, distribution substation operators on duty at the transmission station were said to have been overpowered, while the power supply to some feeders was removed, while insisting on the restoration of theirs. It was learnt that the Ikeja Electric’s Oshodi Business Unit office situated on Okota Road, Isolo was not spared either as employees on duty were assaulted and abducted to the barracks and beaten like common criminals.

fostering resilience.”

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while emphasising the importance of integrated social protection systems, said, “Our goal is to create a comprehensive support network that addresses the multifaceted needs of children and families, ultimately leading to improved outcomes in health, education, and overall well-being. We must work together to bridge gaps and strengthen coordination.”

UNICEF Representative in Nigeria,

Cristian Munduate, on behalf of the Social Protection Development Partners Group, stated, “Social protection is crucial in realising the rights of every child. Child-sensitive social protection is key to ensuring that every child reaches their full potential.

“We commend the government for significant strides for the development of several programmes and single registry. However, there is a need to ensure stronger linkages between social protection and essential social services with focus on health, education, and nutrition.”

Abia on Edge as Gunmen Increase Attacks on Security Personnel

with Killing of two Policemen

Palpable fear has gripped Abia State as residents ponder the growing attacks on security agents by yetto-be-identified gunmen, who at the weekend gunned down two police officers and left two others with gunshot wounds.

The killing of the policemen at a checkpoint on Opobo junction, Obingwa Local Government Area within Aba metropolis happened less than a month after five soldiers were killed by gunmen at Obikabia army post along the same axis.

These incidents involving deliberate targeting of security personnel have raised prospect of a gradual descent to the abyss of insecurity reminiscent of the past when Abia suffered in the throes of kidnapping and other criminalities.

But Governor Alex Otti of Abia State has quickly assured the people that the situation would not be allowed to get out of hand, vowing to stop insecurity from rearing its ugly head in the state.

Speaking with journalists after visiting the families of the slain policemen and also the wounded ones receiving treatment at the hospital, Otti said that his government has decided "to change strategy" in its security measures.

The governor, whose entourage

included the State Commissioner of Police, Kenechukwu Onwuemeli, reassured the security agencies that "the state is behind them".

He also reassured Abia citizens that "the state is equal to the task and we are not going to let this go away without identifying and bringing to book all those who are directly or remotely involved".

The Abia governor, who is also the chief security officer said that "it's very unfortunate" that gunmen would strike again so soon after they killed soldiers given the deterrent . "We felt after all we have done including rounding up some of the people that were involved in the last attack, this would not happen again," he said, adding that government and security agencies have agreed on new strategies.

While he commiserated with the families of the deceased police personnel as well as the Inspector General of Police and police authorities over the sad incident, Otti announced state scholarship to university level for all the children of the fallen policemen.

Though he noted that "it is reasonable to suspect that the enemies of the state, particularly those who don't want to see any good or want any good for Abia people may be somehow connected with (the killings)", Otti urged Abia residents not to panic.

and

Deji Elumoye in Abuja, Ikechukwu Aleke in Abuja and Ibrahim Oyewale in Lokoja

Emmanuel Ugwu-Nwogo in Umuahia

Cameroon, Nigeria Agree to End Decades-long Border Dispute

Emmanuel Addeh in Abuja

Nigeria and Cameroon have resolved they would no longer seek a court ruling to settle their decades-long disputed border case, a report by the Voice of America (VON) said at the weekend.

Rather, the two nations said, joint delegations will validate a demarcation plan on site and put an end to long-standing territorial disputes.

The nations share about 2,100 kilometres (1,300 miles) of border, from Lake Chad in the north of the Gulf of Guinea to the Atlantic Ocean coast.

Chairperson of the CameroonNigeria Mixed Commission set up by the United Nations to solve the countries’ territorial disputes, Leonardo Santos Simao, said he was delighted the two countries decided to resolve their disputes without long and expensive processes at the International Court of Justice (ICJ).

The agreement to peacefully resolve border disputes before the end of 2025 was made at a two-day meeting of the Mixed Commission in Yaounde, VOA said, quoting Simao as describing it as a milestone.

The two countries agreed

PTD Faults NUPENG, Says Plot to Instigate Crisis Ahead Upcoming Conference Will Fail

Emmanuel Addeh in Abuja

Members across the four zones of the Petroleum Tanker Drivers (PTD), have warned against the alleged plan by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to instigate crisis ahead of the forthcoming delegates’ conference.

The Union's reaction was articulated on behalf of the concerned PTD members by Lawrence Mowetei and Princewill Damiari from the Port Harcourt zone.

In a jointly signed statement yesterday, they urged the leadership of NUPENG to stop misleading the public and discontinue fantasising about taking over the PTD by force especially with a recent newspaper publication.

They maintained that the plot to instigate a crisis in the forthcoming PTD delegates' conference and truncate the will of the people has not only been exposed but has also failed.

“The judgment in NICN/ ABJ/312/2023 nullified all the elections conducted both in Abuja and Ibadan. Also, the national executives of PTD which means all the acts of the executives from November 1, 2023, to May 29, 2024, were all a nullity.

“In line with the judgement, NUPENG has flagrantly refused to recall all the PTD members which they illegally suspended from their respective positions. NUPENG has also not reconciled all warring parties and opposition in PTD.

“The suspended members have

not been allowed to return to PTD and their respective positions before the illegal suspension. Their personal businesses have been under siege: filling stations have been grounded, and their trucks not allowed to load at all depots across the country,” the group said.

The PTD members alleged that the list of delegates published have names of persons that are dead and buried, in the mortuary and those who are no longer in office because they have completed their terms in office.

“In the history of the PTD elections and every election in the world, there is always a campaign. PTD should be allowed to campaign for candidates of their choice, not a Kangaroo candidate already packaged by some ‘godfathers’ in NUPENG.

“No form of screening was made in the four zones nationwide by the electoral committee, suggesting that they already have anointed candidates in mind.

“NUPENG has shown deeprooted interest and bias in the PTD election and as such we call on the court to appoint a neutral body to be members of the electoral committee and conduct the election.

“People such as past national chairmen of PTD, former NUPENG presidents and their deputies the registrar of the National Industrial Court of Nigeria (NICN) Abuja, under the strict supervision of the Department of State Service and Ministry of Labour should (oversee the election),” the PTD members argued.

to visit disputed territories in Rumsiki and Tourou in northern Cameroon and Koche in eastern Nigeria before the end of 2024.

Nigerian Justice Minister, Lateef Fagbemi, who is the leader of the West African state's delegation to the CameroonNigeria Mixed Commission, confirmed that the countries have agreed to complete the project within 12 months.

"It's a consensus between Cameroon and Nigeria. By the end of 2025, this project should be concluded,” he said.

“We have so admirably and maturely handled the situation in such a way that there is hardly any dissent. We are satisfied with the outcome of

the two-day meeting, and we are hopeful that there is light at the end of the tunnel," he added.

Cameroon and Nigeria said the border demarcation was slowed by Boko Haram terrorism in both countries. They added that the Boko Haram group’s firepower is drastically reduced now and that the demarcation can continue.

The two states noted that they will move past existing differences over the precise location of the border in about 30 villages.

The Cameroon-Nigeria Mixed Commission was established in 2002 at the request of President Paul Biya of Cameroon and the

then-Nigerian leader Olusegun Obasanjo to facilitate the implementation of an October 10, 2002, International Court of Justice ruling that ceded Bakassi, an oil-rich border peninsula, to Cameroon.

Nigeria initially rejected the verdict, with its senate arguing that the ruling, based on a colonial era agreement, was unfair and should be appealed.

But Nigerian officials said the verdict should be respected.

Meanwhile, Xinhua, a Chinese news agency quoted a United Nations spokesperson as having hailed the agreement for a roadmap to a 2025 accord to peacefully resolve the border dispute.

"The extraordinary session of the Cameroon-Nigeria Mixed Commission reached a milestone today (Thursday) toward the peaceful completion of the border demarcation," said Stephane Dujarric, chief spokesman for UN SecretaryGeneral, Antonio Guterres. The commission was first established in 2002 by then-UN Secretary-General Kofi Annan at the request of the leaders of Cameroon and Nigeria to address sovereignty claims over the Bakassi Peninsula.

Dujarric described the agreement as "an example that diplomacy takes time, but this is part of a peaceful resolution of conflict, and it is good news."

Senate C’tee to Summon NLNG Train 7 Contractors over Alleged Neglect of Rivers Community

Blessing Ibunge in Port Harcourt

The Senate Committee on Oil and Gas Host Community plans to summon the management of Saipem, Chiyoda and Daewoo (SCD) Joint Venture (JV) over the recent protest by the youth of Finima community in Rivers State that stopped construction work at the NLNG Train 7 site.

This was revealed at the weekend, when the technical team sent by the Senate Committee visited Finima to meet with the people and examine issues that led to the protest.

Leader of the team and Technical Adviser to the Senate Committee, Emine Tiyeinabeso expressed displeasure over the attitude of the management of SCD JV in not having a working document with the host community despite extant provisions as captured in the Petroleum Industry Act (PIA).

He noted that while the federal government was working hard to ensure that host communities benefit from projects and facilities in their domains, some contractors were working against such initiative.

Speaking after visiting some facilities in Finima, Tiyeinabeso lamented: “It is heart-bleeding, it quite disheartening that in spite of the high level of awareness within the Niger Delta region and Nigeria at large, some International Oil Companies (IOCs) and contractors are finding it very difficult to have working documents with our host communities, to be sure that the communities are being carried along in their activities.

“The federal government is doing everything humanly possible to ensure that there is peace in every oil and gas host community, then the Engineering, Procurement and

Construction (EPC) contractors, who are servicing companies, that are to carry out the services of those IOCs are making things difficult for the communities.

“I went to Tecnimont at Port Harcourt refinery and I was so glad that there was a working document between Tecnimont SPA and the host communities and they are relating very well despite some challenges.

“But NLNG, a well renowned company in Nigeria, giving a job to Saipem, Daewoo and Chiyoda to carry out Train 7, it is the first of its kind that I am hearing that they are not having a working document with the host community. We are talking of host, not impacted community, nobody can deny that the fact that Finima is the host of NLNG".

Tiyeinabeso who noted that the people of Finima are peace loving,

pleaded with the youth of Finima to sheath their swords, assuring that the Senate Committee will look into the matter and invite the management of the SCD JV to explain the situation. In his remarks, the Amadabo of Finima, HRH, Aseme-Alabo Dagogo Brown said it was by divine coincidence that the team visited the community after the protest by the youth, following many failed attempts to meet with the management of the SCD JV as the host community. He clarified that Finima was not under Bonny but part of the big island, arguing that they were willing to share some of their entitlements with their brothers in the neighbourhood. He said: “ We shouldn’t continue to be on the beggarly side but will continue to legitimately and passionately fight for what we deserve as a people.”

Emmanuel Addeh in Abuja

a statement signed by spokesman of the company, Olufemi Soneye said. NNPC Retail said that the allegation was entirely false and did not represent the company’s customer service charter.

It

video, the attendant alleged that this was a directive from NNPC Retail Management,”

L- R: Executive Director Operations, Dangote Sugar Refinery Plc, Mariya Aliko Dangote; Group Managing Director/CEO, Dangote Sugar Refinery Plc, Ravindra Singhvi ; Group Executive Director Vetiva Capital Management Limited, Damilola Ajayi; and Company Secretary/Legal Adviser, Dangote Sugar Refinery Plc, Temitope Hassan; at the Dangote Sugar Refinery Plc ₦200

Programme Signing Ceremony held in Lagos...recently

PACESETTERS GRADUATION CEREMONY...

FG Cautions Against Use of Uncertified

Herbal Remedy for Malaria Treatment

Onyebuchi Ezigbo in Abuja

The federal government has cautioned Nigerians against the use of unapproved herbal remedies for treating malaria. This is in its continued effort to guard against the hazards of unwholesome medicines.

Deputy Director and Head of Advocacy and Social Mobilisation at the National Malaria Elimination Programme (NMEP), Mr. Raphael Onyilo, gave the advice at the weekend during a National Advocacy Focused Media meeting.

Similarly, Civil Society on Malaria Control, Immunisation and Nutrition (ACOMIN) counselled members of the public to take proactive measures to keep their environment clean to avoid an upsurge in malaria sickness during the rainy season.

Onyilo said that there was an inter-ministerial committee

set up to coordinate the efforts of various agencies towards addressing environmental issues as one of the risk factors causing malaria in Nigeria.

He expressed concern over the resort to herbal remedies for malaria treatment by some Nigerians due to the high cost of orthodox medicines.

Onyilo said NMEP was advising Nigerians not to engage in the use of local herbal remedies, popularly known as “Agbo” because they were not certified for consumption.

"We will always discourage the use of herbal remedies, such as 'Agbo', because it is not certified by appropriate regulatory authority for consumption or for treating malaria," he said He, however, said there was a department of traditional and complimentary medicine at the Federal Ministry of Health

that assisted traditional herbal medicine practitioners to obtain certification for their products.

Onyilo also advised members of the public to avoid taking medicine for malaria without first ascertaining the illness through tests.

According to him there are designated health centres, clinics and pharmacy shops in various towns and communities that are equipped with rapid malaria test kits to carry out malaria test.

He stated, "So, malaria has a rapid diagnostic test kits, which can produce results within 15 to 20 minutes. I want to assure you that in any community we find ourselves, we have people that can carry out malaria test.

“All the community pharmacists and patent medicine vendors, most of them have been trained on how to administer the malaria test."

Onyilo said Nigeria had the

resource capacity to develop and produce drugs for malaria, which could help bring down cost of treatment of the disease.

Equally speaking at the forum, ACOMIN National Co-ordinator, Ayo Ipinmoye, said the rainy season brought significant rainfall and high humidity levels, thereby creating perfect conditions for mosquito breeding, particularly, anopheles mosquitoes, which were known for spreading malaria

Ipinmoye said the risk of infection was higher in some areas than others depending on multiple factors including environment and the type of local mosquitoes.

He said everyone should be aware and concerned about the possibility of malaria infection at this season.

Ipinmoye also said some of the measures citizens should adopt to lower the attack of

NTCA Accuses Tobacco Producers of Enticing Youths into Smoking with New Brands

Onyebuchi Ezigbo in Abuja

Nigeria Tobacco Control Alliance (NTCA) has alleged that tobacco firms are luring youths and firsttime users with trendier versions of tobacco products.

NTCA said despite measures to discourage consumption of tobacco products by citizens, Nigeria had continued to lose an estimated 28,000 lives annually to tobacco-related ailments.

malaria vector were use of mosquito treated nets in the homes, keeping surroundings clean, and testing for malaria to detect the symptoms before treatment.

Meanwhile, Executive Secretary of CCM, Tajudeen Ibrahim, said over $2 billion had been attracted from the Global Fund for the Elimination of Malaria in Nigeria since 2003. Ibrahim stated, "For this

implementation period for malaria specifics we have $396, 810, 785. This is expected to be utilised to support certain interventions, such as planning, vector control through distribution of insecticidal treated nets."

Ibrahim also said there was an ongoing intervention activity known as artisanal malaria chemo-prevention among pregnant women.

Revolutionary Leadership Programme, iLead, Set to Transform Nigeria's Next Generation of Leaders

Mary Nnah

In a move that could change the face of leadership in Nigeria, the Maxwell Leadership Foundation has launched its revolutionary leadership programme, iLead, in partnership with iLead Nigeria.

This innovative initiative is set to equip the next generation of leaders with the skills and values needed to transform Nigeria and Africa for generations to come.

generation of leaders will be equipped with the skills and values needed to transform the country and the continent for good. The future is bright, and it starts with iLead, a programme of the Maxwell Leadership Foundation.”

Oluwafemi, who quoted a report by the Centre for the Studies of Economies of Africa (CSEA), said tobacco was responsible for the death of over 28,000 people annually in Nigeria. He said if the current trend continued, the number could rise significantly in the coming years

He said, "There are growing concerns in Nigeria about the increasing use of tobacco products, especially the use of 'Shisha' and other new tobacco products among our young population, despite the

Speaking on the current state of the graphic health warnings policy implementation in Nigeria, at the weekend, Chairman of NTCA, Mr. Akinbode Oluwafemi, said tobacco producers and marketing firms were foot-dragging and employing different tactics to weaken the impact of laws meant to regulate tobacco use.

serious health implications."

Oluwafemi said the introduction of graphic health warnings had proven to be effective in reducing tobacco and its associated harms.

He said Section 20 of the National Tobacco Control Act (2015) required manufacturers, importers and distributors of tobacco products to ensure that their products carried fully coloured graphic health warnings covering at least 50 per cent of the displayed part of their packs.

In addition, Oluwafemi said the law required the tobacco product to have inscriptions bearing implications of tobacco use and exposure.

A member of the alliance, Mr. Chibuike Nwokorie, alerted the security agencies and other regulatory agencies to the new antics of tobacco industry operators, which were now shifting their trade to other forms of tobacco products in order to circumvent the law.

NTCA urged all the regulatory agencies, including the Standards Organisations of Nigeria (SON), Nigeria Police, Federal Competition and Consumer Protection Commission, and Federal Ministry of Health and Social Welfare, to rise up and ensure effective implementation of the graphic health warnings on tobacco products.

Indorama Wins NIPR’s Diamond Ambassador Award in Abuja

Indorama

Speaking during its launch in Lagos recently, Gbenga Samuel, Project Director of iLead Nigeria, said, “The iLead programme is a game changer for Nigeria.

"We are already seeing remarkable results from our pilot phase, with students reporting improved self-esteem, academic grades, and leadership skills.

“We are excited to roll out the programme nationwide and empower one million students with leadership skills that will transform Nigeria and Africa for good."

John Griffin, Vice President of Global Programmes at Maxwell Leadership Foundation, said the foundation was inspired to extend its scope to Nigeria due to the country's desire for good leadership.

Port

The presentation of the award took place at the Congress Hall of

President and Chairman of Council of NIPR, Dr Ike Neliaku, said the award to Indorama was

Hilton, Abuja, a statement from the Head of Corporate Communications of the company, Dr Jossy Nkwocha, stated. It stated that senior officials of the company, inclusive a Senior management executive, Mr Amit Bharti, Nkwocha, received the award on behalf of Indorama.

for boosting the brand reputation of Nigeria by putting the country's name on the global map of exporters of petrochemicals and fertilisers and helping Nigeria to earn foreign exchange.

In an earlier letter addressed to the Managing Director of Indorama-Nigeria, Mr Manish Mundra, Dr Neliaku stated: "I am pleased to inform you that the Governing Council of the Institute,

after careful consideration, has decided to honour you as a Diamond Ambassador of Brand Nigeria during the dinner and awards ceremony."

The ceremony featured key government functionaries, the private sector, professional bodies and expatriates, with former Head of State, Gen. Yakubu Gowon being the ‘Father of the Day’.

Further according to Samuel, "Our vision is to raise a generation of leaders who will be equipped to tackle the challenges facing our nation and continent. We believe that leadership is the key to unlocking the potential of our young people, and we are committed to making a positive impact in their lives.

"We are calling on schools, educators, and leaders across Nigeria to join us in this revolutionary movement. Together, we can empower the next generation of leaders and transform Nigeria and Africa for good. The future is bright, and it starts with iLead.

“With iLead, Nigeria's next

"We believe that everyone deserves to be led well, and we go where we are wanted. We have a gentleman in Gbenga Samuel who is doing great work here in Nigeria, and we are excited to support him in empowering the next generation of leaders," Griffin said. Griffin added: "We are excited to support Gbenga Samuel and the team at iLead Nigeria in empowering the next generation of leaders through our iLead programme. Together, we can make a real difference in Nigeria and beyond."

Griffin emphasized that, “The iLead programme is designed to be student-centric, with a peerto-peer methodology that allows students to practice leadership skills while facilitating weekly lessons.

“With 16 lessons per volume and three years of content, the programme provides a comprehensive foundation for leadership development. And the best part is that the programme is available free of charge to schools, thanks to the generosity of the Maxwell Leadership Foundation."

Emmanuel Addeh in Abuja

Eleme Petrochemicals and Fertiliser Group,

Harcourt, Rivers State, has won the Nigerian Institute of Public Relations (NIPR) Diamond Ambassador of Brand Nigeria award.

Transcorp

L-R; Chairman Pacesetters Schools, Barrister Kenneth Immasuagbon; Emeritus Archibishop of Abuja,, Cardinal John Onayiyekan; Dammaje Sokoto, Alh Abubakar Dasuki and Director of Schools, Emmanuelle Immasuagbon at the Pacesetters Graduation Ceremony in Abuja...weekend

DEMARIS RESORT PRIVATE VIEWING...

President/CEO

SERAP Gives CBN 7 Days to Account for Alleged Missing N100bn Dirty Notes, Other Public Funds

The Socio-Economic Rights and Accountability Project (SERAP) yesterday urged the Governor of the Central Bank of Nigeria (CBN), Mr.

Olayemi Cardoso, to account for the N100 billion dirty and bad notes and other large sums of cash awaiting examination which are kept in various branches of the apex bank.. SERAP, which made the call through a statement issued by its

Inter-state Rail System Strategic for South-west Development, Says Abiodun's Aide

Special Adviser to Ogun State Governor Dapo Abiodun, on Media and Strategy, Hon. Kayode Akinmade, said the inter-state rail system was strategic for the development of the Southwest. Akinmade said this on Saturday, while speaking on the topic, “Regional Integration and Development: The case of Ogun State,” at the Western Post 2024 annual retreat in Abeokuta.

He explained that upon assumption of office in 2019, Abiodun strategically came up with the idea of speedy development through the concept of Multi-modal Transport Management System, which connected the state with other states in the region through air, water, rail and road, and gave access to the rest of the world.

Akinmade stated that with railway interconnectivity, development in the South-west would be faster, as the movement of people and goods would be made easier.

According to him, "The inter-state rail system that cuts across the states in the South-west has been efficiently explored by Ogun State for effective connectivity in the region.

“Presently, the state has more rail stations than any other state; there are five different stations within the stretch of Lagos and Ibadan alone.

"With an efficient rail system, an indigene of Ado-Ekiti can secure employment in Ogun State, get to office every day from Ekiti and return at the closing hour around 5pm, and before 7pm he will be back in Ado-Ekiti.

"That is the type of regional integration we are institutionalising in the state so that individuals in any of the states in the region can freely interact, transact and relax in the state without hindrance."

Akinmade stated that oil exploration would soon commence in the state and it would put the region on a more sustainable economic footing.

He assured that the Gateway

International Agro-Cargo airport would be inaugurated soon, saying that it would be the best in the West African corridor with the largest runway and apron.

Akinmade stated that the airport would bring great relief to thousands of manufacturers operating in the state in terms of getting imported materials with ease and also transporting their finished goods to the rest of the world without facing the traffic snarl in Lagos.

He explained that the airport would serve as a potent regional development tool and means of connectivity among the states of the region and the rest of the world.

Akinmade said, "Our government is presently working on a dry port at Kajola, which will sufficiently complement the Agro-Cargo Airport in the area of importation and exportation of raw materials and finished goods by manufacturers, and by implication serve as a better alternative to the Lagos Port that is often characterised by heavy congestion."

The special adviser disclosed that the government had constructed over 500 kilometres of roads across the state to make mobility easier. He added that the roads had made regional integration possible considering the strategic location of Ogun State in the region.

He stated, "Of profound interest is the recent resolution by the Ministry of Petroleum Resources to start oil exploration in Ogun State and make the state an oil-producing state, which in the next 12 months will begin to unfold and put the region on a more viable economic footing.

"Our administration has invested heavily in agriculture to ensure food security, and just last week, the governor allocated expansive lands to state lawmakers for the purpose of aggressive mechanised farming. It may interest you to know that our state is presently the largest producer of poultry products and cassava in the country.

Deputy Director, Kolawole Oluwadare, said the allegations were documented in the latest annual report recently published by the Auditor-General of the Federation.

SERAP also urged him to explain the whereabouts of the alleged N7.2 billion budgeted for the construction of the CBN Dutse branch in 2010 and the N4.8 billion budgeted for the renovation of the CBN Abeokuta branch in 2009, and to publish the names of the contractors who collected the money but failed to complete the projects.

SERAP urged him to explain the whereabouts of the alleged missing outstanding loan of N1.2 billion granted to the Enugu state government in 2015 and the outstanding loan of N1.9 billion granted to the Anambra state

government between 2015 and 2016 and to fully recover and remit the public funds to the treasury.

“These grim allegations by the Auditor-General suggest grave violations of the public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anticorruption obligations.”

“These grave violations also reflect a failure of CBN accountability more generally and are directly linked to the institution’s persistent failure to comply with its Act and to uphold the principles of transparency and accountability,.”

According to SERAP, the alleged violations have seriously undermined the ability of the CBN to effectively discharge its statutory functions and the public trust and

confidence in the bank stressing that the CBN ought to be committed to transparency and accountability in its operations.”

Part of the letter read: “Explaining the whereabouts of the missing public funds, publishing the names of those suspected to be responsible and ensuring that they are brought to justice and the full recovery of any missing public funds would serve the public interest and end the impunity of perpetrators.

“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the Central Bank of Nigeria (CBN) has since 2017 been keeping over N100 billion ‘dirty and bad notes’, and other large sum of cash awaiting examination in various

branches of the CBN.”

“The Auditor-General fears that the ‘dirty and bad notes’ initially planned to be destroyed may have been ‘be diverted and re-injected into the economy.

“The CBN in August 2010 also reportedly budgeted N7.2 billion (N7,286,500,476.76) for the construction of Dutse branch building. The Dutse branch was due to be completed in November 2012 , but the contractors have failed to complete the project,” it stated. It said in The CBN in 2009 reportedly budgeted N4.8 billion [N4,812,608,028.10] for the renovation of the CBN Abeokuta branch while the Abeokuta branch was due to be completed in 2012 but the contractors had failed to complete the project.

TINUBU: PURVEYORS OF BORNO SUICIDE ATTACK SHALL FACE CERTAIN JUSTICE

female suicide bomber detonated it at a marriage ceremony, injuring over 30 and causing instant deaths. In the second blast, it was almost like the first. It occurred near the General Hospital.

“The third blast happened at a funeral service (Janaiza). Another female suicide bomber detonated it, causing more casualties. In the fourth blast, a female teenager detonated a bomb at the hospital, injuring more people.

“In all, there were 18 deaths (children, adult males, females, and pregnant women), 19 seriously injured and transported to Maiduguri in four ambulances, 23 are waiting for military escort in Medical Regimental Services (MRS) Clinic.”

Saibu added, “Regarding the injuries, there were abdominal raptures, skull fractures, limb fractures, among others. There were coordinated rescue missions. We mobilised emergency drugs to complement shortages in Gwoza. We arranged for a chopper transport.”

Ndume, on his part, called on the military to double its efforts. He appreciated their efforts, but expressed worry at last weekend’s attacks. He said there was an urgent need to raise the bar and provide more surveillance and security in the state to guard future occurrences.

The deputy governor, Umar Kadafur, who led stakeholders to the scene of the attacks, distributed N5 million to the victims and promised to visit Gwoza on Monday with the stakeholders

to sympathise with the community.

UN: We’re Horrified by This Attack on Civilian Population

The United Nations condemned the suicide bomb attacks on civilian populations in Gwoza, Borno State, and said it was horrified by the development.

A statement by the UN Resident Coordinator, Mohamed Fall, said, “I am horrified by this attack on civilian populations and condemn such acts in the strongest terms. I stand in solidarity with the government of Nigeria, and the families and communities of all those affected.

“On behalf of the United Nations, I remind all parties to the conflict to adhere to their obligations under international humanitarian law to protect civilians from harm.

“I have reached out to the Borno State government to express my condolences and offer any support that the United Nations and the humanitarian community can provide to aid the victims of the attack.”

Sanwo-Olu: Attacks Regrettable, Depressing

Lagos State Governor, Mr. Babajide Sanwo-Olu, sympathised with the government and people of Borno State, particularly the governor, Babagana Zulum, on the multiple bomb attacks, which he described as regrettable and depressing.

Sanwo-Olu, in a condolence message by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, expressed his sympathies to the immediate families of the victims as well as the entire residents who suffered personally and by association in the Saturday attacks.

The governor stated, “I am deeply saddened by the news of the bomb attacks, which resulted in the loss of lives and the maiming of other citizens who were killed and wounded when suicide bombers attacked wedding and funeral ceremonies in the Gwoza Local Government Area of Borno State.

“The death of the innocent citizens killed by the suicide bombers is worrisome and painful. We pray that God will comfort the victims’ families and the entire people of Gwoza and Borno State in this time of sorrow.”

Sanwo-Olu added, “I wish Governor Babagana Zulum and the people of Borno State, particularly those in Gwoza, peace, comfort, and love at this time of sorrow. I want to assure my brother-governor that the government and the good people of Lagos State stand with him in this very difficult time."

Troops Intercept Fleeing Speed Boats with Stolen Oil, Kill Terrorists in Niger

The Nigerian Air Force, yesterday, said the Air Component of the Joint Taskforce, Operation Delta Safe, intercepted fleeing speed

boats with stolen oil in the Niger Delta, and killed some terrorists at Kuchi-Kapana community in Munya Local Government Area of Niger State.

NAF also stated that the air component of the joint taskforce sighted and destroyed three Illegal refining sites, with a total number of seven overhead tanks concealed under thick mangrove vegetation. The service equally revealed that Wilcourt, a riverine settlement within the creeks of Niger Delta, had become notorious for illegal oil activities.

A statement by Director of Public Relations and Information, Nigerian Air Force, AVM Edward Gabkwet, noted that about five kilometres downstream, four boats were also sighted moving southwards with suspected illegally refined products. The boats, he said, were subsequently attacked and destroyed.

Gabkwet said while heading back, the crew spotted a speed boat with five suspected oil thieves fleeing the area.

"Upon sighting the aircraft, the criminals increased speed, hoping to evade the aircraft. The air component then pursued the speedboat until they arrived at the blocking zone of ground troops where they were arrested," he further explained.

The NAF spokesperson said as the activities of oil thieves and economic saboteurs became sophisticated, the air force and other security agencies had re-strategised in order to check their activities and be ahead of their game.

Chuks Okocha in Abuja

L-R:

PRAfrica International, Prince Dapo Adelegan; Jamaica Consul to Sierra Leone, Hon. Dr.Rosalea Hamilton; GMD GMH Luxury, Developers of Demaris Resort, Ayoolanrewaju Kutebi; KY Consulting, New York, U.S.A, Dr. KY Dele; Company Secretary/Legal Adviser, GMH Holdings, Barr. Debo Kelani, at the private viewing of Demaris Resort at Hilton Hotel, Abuja… recently

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

THAT SMALL BUSINESSES MAY THRIVE

Small-scale businesses remain the backbone of the economy. They deserve support

Globally, the Micro, Small and Medium Scale Enterprises (MSMEs) sector constitutes the spine of any country’s economy. As small industry operators, competition from foreign operators to grow and keep jobs for locals. Today, MSMEs account for 90 per cent of businesses, 60 to 70 per cent of employment and 50 per cent of the Gross Domestic Product (GDP) worldwide, according to the World Bank. In Nigeria, the Small and Medium Enterprises Development of Nigeria (SMEDAN) reports that MSMEs currently represent 96 per cent of the businesses in the country and contribute 75 per cent of the national employment. Unfortunately, this is a sector that has been neglected in Nigeria. On a day set aside by the United Nations for the MSMEs, it is important that all relevant authorities in the country move from rhetoric to concrete actions on how to lift the majority of our people out of poverty.

the conventional banks are not cut out for long term lending needed by MSMEs in the country. It is equally known that these banks are mostly comfortable to lend to short-term business ventures as against startups who would need longer gestation period to pay back.

The Central Bank of Nigeria (CBN) had in the past established numerous programmes to support the MSMEs in the country but with very little to show for launched the Micro, Small and Medium Enterprises Development Fund (MSMEDF) with a share capital

If the federal government is serious about growing small businesses in Nigeria, tax breaks as often offered to foreign dominated firms should be extended to them

Vice President, Country Programmes, Islamic Development Bank, Mansur Muhtar, listed eight key directives that can improve Micro, Small and Medium

These, according to Muhtar, a former Nigerian Minister of Finance, include developing supportive

government support mechanisms and broadening addressing capacity building, training and awareness needs, facilitating trade and value chain integration, leveraging and partnering with the private sector. Indeed, a country with over 37 million small businesses should not by any means ignore or look down on the almost limitless potential for inclusive and sustainable economic growth that could be harvested from MSMEs. Unfortunately, according to in Nigeria can access any form of funding support by

EDITOR SHAKA MOMODU

DEPUTY EDITOR WALE OLALEYE

MANAGING DIRECTOR ENIOLA BELLO

DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU

CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI

EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA

GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU, EMMANUEL EFENI

DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE

DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI

SNR. ASSOCIATE DIRECTOR ERIC OJEH

ASSOCIATE DIRECTOR PATRICK EIMIUHI

CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI

DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO

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

single-digit loans at nine per cent interest rate to them, through the Primary Finance Institutions (PFIs). When the intended end users could not access the facility, the National Collateral Registry (NCR) was introduced. Yet, the problem persists.

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) is also an idea of the CBN which once mooted the idea of using with branches in all the 774 local government areas of the country. While NIRSAL is still active, nothing has

Committee and the Federal Ministry of Agriculture and Rural Development, NIRSAL de-risks the agriculture value chain and enables banks to lend to MSMEs remain the backbone of our society by sustaining the livelihoods for the very poor among us. They deserve support. If the federal government is serious about growing small businesses in Nigeria,

Other incentives should include the ability to raise capital.

Letters in response to specific publications in THISDAY should be brief (150-300 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (750- 1000 words). They should be sent to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.

DOES NIGERIA NEED NEW STATES?

The issue of state creation has come up again, what with members of the National Assembly debating the bill. But at this critical political juncture in Nigeria, and given the happenings in our political polity, do we need more states in Nigeria? The indisputable fact is that most of Nigeria's 36 states are economically unviable and unsafe. For example, while people are starving to death in some Nigerian states, insurgents, bandits, and terrorists are abducting rich people for ransom in other states of the country.

we had four regions, namely the northern region, eastern region, western region, and the mid-western region. Regionalism was a component of our parliamentary system of government that lasted to outpace one another in diverse areas of national development. While the northern region was known for groundnut pyramid, the western region excelled in cocoa production, and the eastern region in palm oil produce.

More so, Chief Obafemi Awolowo, the premier of western region espoused the principle of democratic welfarism, and implemented free education policy in the western region. In the east, Rt Hon. Nnamdi Azikiwe was instrumental in the building of the Universi-

ty of Nigeria, which is at Nsukka.

But it is incredulous that those notable politicians who inhabited ethnic and religious problems. As a result, we had the bloody coupgeria into a cauldron of violence. That political violence snowballed into the Nigeria-Biafra civil war, which lasted for three years.

In order to stop the secessionist bid of the eastern region, Yakubuvring (creation of states) could be rationalised on the grounds that it was done to prevent the disintegration of Nigeria. But other successive military rulers, who ruled over our country, created more states so as to ignite our country's development and ensure the inclusion of all Nigeria's tribes and ethnic groups in the governance of Nige-

and population were believed to be the factors, which our past rulers considered when they created new states. But our scrutiny of the states has shown that our leaders created the states, whimsically. Or they might have created them to achieve their own ends and please their friends.

For example, now, there is a town in Enugu State, the indigenes of which have kith and kin in Kogi State. So it can be seen that the creation of states in Nigeria has divided a people who share the same ancestral roots instead of uniting them. And a great majoritypend on the centre, perpetually, for their survival and sustenance. However, the proponents of the creation of new states in Nigeria have argued that creating new states in Nigeria would bring government nearer to the people and ensure that there is balance or parity as to the number of states in the geopolitical zones. And they posit that the creation of new states in Nigeria will lead to the establishment of states' civil service, which will employ new workers, thereby reducing the number of unemployed people in Nigeria. But they had glossed over the fact that the creation of states brings about the vexed matter of boundary adjustment and the sharing of jointly-owned properties. Matters that border on demarcation of boundaries and sharing of jointly owned properties by two states are not resolved, easily. Often times, the matters would degenerate into violence and shedding of blood.

Chiedu Uche Okoye, Uruowulu-Obosi, Anambra State

Email: deji.elumoye@thisdaylive.com 08033025611 SMS ONLY

Kalu’s Quest To Promote Regional Agenda As House Deputy Speaker

Adedayo Akinwale writes that the Deputy Speaker of the House of Representatives, Hon Ben Kalu, has penchant for promoting regional agenda since his emergence over a year ago.

On June 13, 2023, the 10th National Assembly was inaugurated after the zoning arrangement which saw the emergence of Senator Godswill Akpabio as the President of the Senate, Senator Jibrin Barau as Deputy Senate President; while Hon. Tajudeen Abass emerged as Speaker and Hon. Benjamin Kalu as Deputy Speaker.

But for divine providence, if the votes garnered by the All Progressives Congress (APC) in the six geo-political zones was anything to go by, the South east would not have been considered for the position of the Presiding officer in the 10th House. However, by virtue of zoning and against all odds, Kalu, who was elected for the second time in the legislative arm emerged as the Deputy Speaker.

By its rule, the Deputy Speaker is the Chairman of the Committee of the Whole. The Deputy Speaker replaces the Speaker in his or her absence. Every action of the Deputy Speaker when acting in the Speaker’s place has the same effect and validity as if the Speaker had acted.

No one ever doubts the competence and capacity of the Deputy Speaker, even his political adversaries doff hat for him. Despite being a second term legislator in the House, he is well grounded in the legislative processes. The Bende-born lawmaker is also a delight to watch whenever he presides over the plenary. He’s a beauty to watch. Nevertheless, since his assumption of office and without pretence, Kalu has practically turned his office into a tool to promote a regional agenda. While no one can deny him his inalienable rights to represent his people, one wonders if Kalu is the Deputy Speaker of the Federal Republic of Nigeria or the South-east.

At every opportunity, it’s either Kalu is canvassing for the release of the leader of the outlawed Indigenous Peoples of Biafra (IPOB), Nnamdi Kanu or pushing another agenda exclusively in favour of his region.

THISDAY Checks revealed that following the release of President Bola Tinubu’s list of ministerial nominees with 48 names in August 2023, the North-West got 10 slots; the North-East got eight, North-Central, eight; the South-West nine; the South-South, nine; while the South-East got five.

Expectedly, the Deputy Speaker immediately called on President Tinubu and the leadership of All Progressives Congress (APC) to consider increasing the ministerial slots for South-East for the sake of equity and federal character.

Subsequently, Kalu paid a visit to the National Chairman of the APC, Dr. Abdullahi Ganduje, where he said the South-east deserved more ministerial slots.

“We are lobbying for more (ministerial slots) for the South-East. You know, we are like Oliver Twist. While thanking Mr President for remembering us — despite all odds and despite our contributions to the last election, he remembered us by ensuring that I also emerged as the Deputy Speaker of the House, for which the region is very grateful to Mr president. But we are also

asking him, because he is a man that we know is magnanimous, to look into increasing the number of ministerial positions for the region,” he had said.

Following the inauguration of Peace In South East Project (PISE-P) in the South-east last December, Kalu said the aim was to foster peace, unity and development in the region.

He was of the opinion that the initiative ultimately canvasses the adoption of a non kinetic approach to resolving the problem of insecurity in the South east.

“In response to the challenges of the South East, a different kind of song is rising – the song of the Peace in South East Project (PISE-P). PISE-P is not about guns and boots; for the sounds of guns and the barrels of guns have not helped us in solving the problem in the South east. Militarization has not helped us. Kinetic approach to resolving the problem has not been the best solution. If it is not,

then there must be something out there that is better than the guns. It is about education, entrepreneurship, infrastructure, and cultural revival. It is about restoring the fertile ground where your talents can take root and soar,” Deputy Speaker noted.

Beyond that, in January, 2024, Kalu commended the authorities at the Supreme Court of Nigeria for releasing the Certified True Copy (CTC) of its December 15, 2023 judgement on the detention of Kanu.

Last Monday, about 50 members of the House of Representatives wrote to President Bola Tinubu demanding the release of Kalu from prison.

The lawmakers under the aegis of Concerned Federal Lawmakers for Peace and Security in the South East called on the President to invoke section 174 of the constitution of the federal republic of Nigeria, 1999(as amended) and section 107(1) of administration of Criminal Justice Act, 2015 for the release of Kanu from detention to aid the restoration of peace in the South East.

The signatories to the letter dated June 19, 2024, a copy of which was made available to journalists on Sunday were: Hon. Obi

Nevertheless, since his assumption of office and without pretence, Kalu has practically turned his office into a tool to promote a regional agenda. While no one can deny him his inalienable rights to represent his people, one wonders if Kalu is the Deputy Speaker of the Federal Republic of Nigeria or the South-east. At every opportunity, it’s either Kalu is canvassing for the release of the leader of the outlawed Indigenous Peoples of Biafra (IPOB), Nnamdi Kanu or pushing another agenda exclusively in favour of his region.

Aguocha (Abia), Hon. Ikenga Ugochinyere (Imo), Hon. Afam Ogene (Anambra), Hon. Abiante Awaji-Inombek (Rivers), Hon. Aliyu Mustapha (Kaduna), among others.

The lawmakers recalled that the President extended this gesture through the office of the Attorney General in the charge involving Omoyele Sowore wherein, he was charged with treasonable felony in Charge No FHC/ABJ CR/235/2019, Sunday Igboho and so on.

The lawmakers believed that it was long overdue and would be instrumental in opening the door for much-needed conversations surrounding peace restoration and inclusivity as well as addressing the issues that led to the agitations.

Nevertheless, If calls by Kalu for the release of Kanu were anything to go by, it was clear to the discerning minds that it was the case of ‘Hand of Esau and Voice of Jacob’.

Barely 24 hours after the demand made by the lawmakers, the Deputy Speaker wasted no time in clearing people’s doubts when he commended the lawmakers for demanding for Kanu’s release from prison. Kalu in a statement issued on Tuesday, June 25 by his Chief Press Secretary, Levinus Nwabughiogu said there were expectations that the south east caucus will also arise in unison soon to support the effort.

Though the Deputy Speaker claimed that the lawmakers who demanded Kanu’s release spread across the six geo-political zones of the country, about 94 per cent of the lawmakers that were signatories to the letter to the President demanding Kanu’s release are from the South-east.

The statement reads: “The deputy speaker who also revealed that he had met with Kanu a couple of times in the Department of State Service (DSS) detention facility said that hopes are high that the IPoB leader will soon regain his freedom.

“In last visit two weeks before the court appearance, Kalu had discussed and obtained a firm assurance on the side of the IPoB leader on the need for sustainable peace in the region. Notedly, that agreement has since been communicated to the delight of the authorities and Kanu’s younger brother as his family representative.”

While it’s within the rights of Kalu to represent his people, promote the agenda of the region, the way he’s going about it appears to be an overkill as he has undoubtedly reduce the office of the Deputy Speaker to a tool to promote regional agenda and further boost his political career.

A number of politicians from the Southeast have been made presiding officers in the legislative arm at one time or the other.

Some of them are former Senate Presidents, Adolphus Wabara, Ken Nnamani; former Speaker of the House, Emeka Ihedioha and former Deputy Speaker, Chibudom Nwuche. Their acts then while in office was nothing compared to what is being witnessed now with Kalu as Deputy House Speaker.

Kalu

INTER VIEW

Elias Igbinakenzua: Our Vision is to Make Globus Bank Most Preferred Financial Service Provider

Elias Igbinakenzua is the Managing Director and Chief Executive Officer of Globus Bank, a new generation bank. He can be summed up as sublime, successful, soul-searching, and shrewd. He has the faith and the fortitude to sit atop the new Globus Bank, quietly turning the banking narrative around in Africa’s most populous nation, and taking further leaps in the global economy. Registered as a limited liability company on March 6, 2019, licenced by the Central Bank of Nigeria on July 10, 2019, and commenced operations on November 6th of the same year, the bank is determined to be Nigeria’s foremost digital financial institution, providing best-in-class solutions that meet customer needs in a timely and efficient manner. In this interview wit h THISDAY , Igbinakenzua discusses the passion, philosophy, and principles driving him and the bank, while leveraging technology and people in the most efficient and responsible manner. Excerpts:

Tell us about Globus Bank and what the journey has been like since you commenced operations.

The bank started operations on November 6, 2019. It took us about 18 months from early 2018 to process the licence, and we eventually commenced operations in late 2019. We started from this humble office, and people were wondering what this new bank was coming to do when there were already too many. But we had a clear vision about how we are going to operate. To our own surprise, at the end of 2019, we made a profit. It is like saying that I opened on November 6th, and between that date and December 31, I cleared all my losses and made a profit within two months of that year. It was marginal, but it was a good start. The second year, our first full year, was when we made N5.4 billion plus profit, almost half of the bank’s initial capital. It was like, what are these guys doing? Nothing: just doing the basic things well.

What did we do? We focused on what we knew how to do best, which was leveraging corporate relationships and harnessing what was considered low-hanging fruit. During the first six months of our operation, we were already banking more than 70 per cent of the top 100 corporates in Nigeria. The likes of Dangote, Nestle, Cadbury, Unilever, 7UP, Flour Mills, Indorama, FrieslandCampina, and several others were onboarded within a few months of our operations. So, our top management and board members’ pedigree made it easy to run fast. However, we were delayed by capital because we only had N10 billion initially, which limited the bank’s capacity. So, we had to ramp up our capital quickly, which has seen us to where we are today, with over 34 branches in 4 years across the country’s six geopolitical zones.

How did you cope with COVID-19 just two months after you commenced operations?

We are like a child that was born in the midst of war. Before COVID-19 broke out, we sat down

and asked ourselves: which are the key sectors that are resilient? So, we picked key sectors like food, packaging, telecommunications, and beverage, which eventually proved resilient post-COVID-19. We focused on them because people will eat and drink even in times of sorrow. All our efforts were on growing along those sectors. And when COVID-19 struck, those were the sectors that had a field day. So naturally, we were able to roll with them, and things went well. It also fitted well with our phygital strategy that COVID-19 so much fast-tracked our plan.

So, what was the strategic vision behind Globus Bank at birth that enabled you to carve a niche for yourself so quickly?

When we started, we took the time ( the management team and I) and spent days in the ‘bush’. We had to carve out our corporate philosophy and agreed it would represent what the bank stands for. And everybody bought into it. We said we would be the most preferred financial provider, delivering an endearing customer experience. That was the ultimate goal. Our mission was anchored on three things: people, technology and service. We said that we would serve our customers with passion and deliver superior value to all stakeholders, leveraging technology and

people in the most efficient and responsible manner. It is not just to have technology and people; you must ensure they are leveraged efficiently and responsibly. We have five core values. They are creativity, excellence, respect, reliability and simplicity. People have been wondering what we mean by respect.

I will say respect begets respect. If you are an institution and you respect yourself, you earn respect. Today, as a bank, if you ask the Central Bank of Nigeria (CBN), we are a bank that you will hardly see any infractions. Come to us and check what you want to check, and I will be dead sure that there will be no deliberate infraction. And if you check our financials today, you will hardly see any infraction whatsoever. For us, it is a mark of respect. It is the same thing for customers. You do not see us overcharging customers or doing things that can betray trust. No! It cannot happen. If anything, maybe I will undercharge you. Same with our interbank dealings since we started. No bank will say that it gave us money, and it was overdue, and we didn’t pay back. It is all about respecting yourself and doing what you know is right. Every staff you have is a privilege. Respect the staff for who he/she is and the staff will give you the best.

Did you ever have some moments of doubt about whether this venture would succeed?

We had a clear vision about how we are going to operate. To our own surprise, at the end of 2019, we made a profit. It is like saying that I opened on November 6th, and between that date and December 31, I cleared all my losses and made a profit within two months of that year

I will say yes. I was with Zenith Bank for 20 years. I became an Executive Director in 2005. I was on the bank’s board for eight years before I joined Access Bank also as an Executive Director, Corporate and Investment Banking. I was there for four years before processing the licence for Globus Bank. So, I have seen how to move in a smooth sail and how to also move in a roller coaster environment. It was crystal clear that I had good industry knowledge. I also knew that I had in the market some level of goodwill, which is important. If you have the knowledge of what you are going into and you have the network, then the fear of success will not be too high for you.

I also must give credit to friends and partners who supported me all the way, especially Mr Peter Amangbo, who is a former MD/CEO of Zenith Bank and currently chairs the board of Globus Bank. But yes, there were doubts, especially when it came to raising capital. People will tell you, ‘Oh, yes, I will’, but bringing the cheque becomes an issue. We went through all that, but today, I must say that the shareholders of this bank are very pleased with what they have seen. Today, their investments have grown, and I will say that the progress is unprecedented. Today, we are unarguably the fastest organically growing bank ever in Nigeria. So, let me thank all the investors and shareholders that had confidence in us and invested in the dream. I also must thank the board for their support and guidance. So, what are the key elements that accounted for this progress?

First, I will say it is strong governance. I have a hands-on board. You cannot manipulate the board in any way, and everybody is working with the same growth mindset. We also have policies that guide the operation. We have a portal where all the policies are deposited and every staff has access to them to know what to do. The second one is relationships. People

Nigeria is an Economy Global Investors Can’t Ignore

who have known us over time and know how dependable we are find it easy to run with us. Our strategy is to be solution-oriented. We go to customers to identify their pain points and jointly create a solution construct that endears us to them. They could see us provide solutions that hitherto did not exist and actually solve legacy complications.

I had an encounter last year with a very big bank; the bank was complaining that I was taking all the businesses of major names on its books. But it is the value that you give that brings customers closer to you. The other point is our speed, our turnaround time. We will respond to a customer credit request in hours, while other banks take weeks. Our speed is based on knowledge of customers and support of the board. Another one is technology. We leverage that very well, such that today, we have scored many firsts in the industry. We do not make noise. We were the first bank in Nigeria to allow you to bank without data; we are also the first banking institution that actually allowed the issuance of cards on the go, which we call instant cards. My staff can meet you on a public bus, open an account for you, and issue you a card right on the bus. The card will work. You do not need to come to the branch. It was like magic. We are also the first to make our mobile banking app AI-compliant. We also have what we call a Vanity Account number that allows a customer to use any 10-digit number, even his/her phone number, as an account number. Today, we have more than 30 software developers, and most of our IT products are built in-house. So we can offer bespoke services with relative ease.

Give us a breakdown of your financials in the past five years.

I will start by saying that in the first year, we opened with just N10 billion as a regional bank. By the second year, we had moved our shareholders’ funds from N10 billion to N25 billion and had become a national bank. By the third year, we moved our capital again from N25 billion to over N40 billion, and by the end of 2022, we had grown our capital to over N53 billion. As we closed 2023, it moved to over N82 billion; that is in the capital. On the balance sheet size, in our first year, we were still under N100 billion. By the second year, we had crossed N200 billion; by the third year, we had almost N500 billion, and by last year, we were already at over N1 trillion in total assets and contingencies. As of December 2023, if you add our total assets and contingent liabilities, we were at N1.002 trillion and N82.6 billion in shareholders’ funds last year. Profit before tax rose from N5.4 billion in 2020 to over N23.0 billion in 2023.

Can you share with us what informed the choice of the name Globus Bank and how it connects with your vision and mission?

If you go to my banking hall downstairs (at the head office), you will see the aspiration. Globus Bank was something that we came up with because we knew we should be doing a brand that will go global eventually. The Latin word for global is globus. So, our aspiration is that this franchise will go global. That is the aspiration and I think the name has been very well received. In terms of the franchise expansion, as we speak, we have over 34 branches, which are purely organic branches. Our aspiration was to cover all six geopolitical zones within our first five years. And we have done that in our first four years and we are still growing.

What is your view about the Central Bank of Nigeria’s hawkish monetary policy and the directive for banks to recapitalise?

I will not like to describe the CBN’s policies as hawkish. I would like to see it as the CBN doing what it deems necessary at this time. The economy has been under dire circumstances and the CBN needed to do something to get it up. Recall that President Bola Tinubu’s administration’s aspiration is to move the country’s GDP to a $1 trillion economy. The CBN is the banker of last resort. Once the federal government has an aspirational goal, the CBN must do things that align with that aspiration. They had to ensure that they came up with policies that could boost production in the economy, attract more capital flows, and grow the economy. These are the factors that

I had an encounter last year with a very big bank; the bank was complaining that I was taking all the businesses of major names on its books. But it is the value that you give that brings customers closer to you. The other point is our speed, our turnaround time. We will respond to a customer credit request in hours, while other banks take weeks. Our speed is based on knowledge of customers and support of the board. Another one is technology. We leverage that very well, such that today, we have scored many firsts in the industry. We do not make noise. We were the first bank in Nigeria to allow you to bank without data

brought about the recapitalisation exercise. It did not take us by surprise because we know that banking is about risk and capital. The best way to absorb your risk is to inject capital. The only concern that we have is the area where the CBN said it would not allow capitalisation of retained earnings. Retained earnings actually are funds that belong to shareholders which they had not shared as dividends. Not allowing capitalisation or its distribution to shareholders may discourage investors. But that is what they have said and we are working with that.

How will the banking industry benefit from the recapitalisation exercise?

The industry is being prepared to play its role as a serious growth catalyst. The reason for capital injection is to strengthen the banks to be able to contribute more to the larger economy and I think that the banks understand this. If you look at the results published by the banks in the past one year, you will see humongous profits. But the CBN has said, ‘Do not take this out’. That is meant to strengthen the bank as well. What the banks want is a

system where they are protected as lenders, and the loans that they give out will come back. What needs to be done by the CBN is to ensure that there is strict governance across the industry, which I think the new CBN administration is very focused on governance and compliance. As long as the economy is growing, the banks will grow and that growth must be supported by capital, good governance and risk management. There is absolutely more room for growth in the industry.

So, what is the Globus Bank’s plan to meet the new minimum capital requirement?

When the CBN announced the policy, it gave a deadline for banks to come up with their capitalisation plan, and that was before the end of April 2024. I have said that we had N82 billion as shareholders’ funds by the end of 2023. That consists of about N45.7 billion as paid-up capital and share premium. We had another N36 billion plus as retained earnings. If the CBN will not accept our retained earnings, we will have N45.7 billion as qualified capital in this case. We are a national bank and we need to raise N200

billion. We currently have N45.7 billion and a shortfall of N154.3 billion. Our plan to the CBN is that we will do N25 billion before the end of the third quarter of this year. We are going to do N50 billion in 2025 by way of rights and private placement, and we will do an initial public offering (IPO) in the first quarter of 2026 for the balance. But as I speak to you, we have just done N18 billion by way of rights that were fully subscribed and N25 billion through private placement is ongoing. That will make N43 billion instead of the N25 billion we planned for the quarter of this year. That means we are already ahead of our plan for this year. Maybe by 2026, we will then do our IPO. But we are very confident that we will be there either before or on time.

So, there is no plan for mergers or an acquisition?

We do not intend to merge to meet the capital requirement, but we can acquire if any bank exists that we feel is of value. We intend to achieve N200 billion organically without merger or acquisition.

So, when will you be listing on the stock market?

That will likely be in 2026 when we have the IPO.

Now, with treasury bills at high interest and other lucrative investment options, how do you think banks can attract investors as they seek to raise fresh capital?

Investors look at the return on investments. If the return on investment is not in line with their long-term aspirations, they will not invest. Banking, I keep saying, is not a hundred-meter dash. It is a marathon race. You have to have a long-term view. You invest in TBs and make 21 per cent. It is a fixed income. It comes and goes. But when you invest in a bank, I will tell you, my shareholders last year had a return of more than 30 per cent on equity, and it keeps increasing. It is all about who you are as an investor. If you are investing in what you can eat today, then buy TBs. But understand the relationship between your Treasury Bills or any other fixed-income investment with inflation in

Igbinakenzua

Globus Bank is Fastest Organically Growing Bank Ever in Nigeria

an inflationary economy. Capital gains are a major upside with equity investments, which helps ameliorate inflation’s negative impact. So, those who understand these dynamics will still invest in bank equities if other variables are positive. The need for asset/portfolio managers to balance their portfolios will also facilitate some investments in bank equities irrespective of the rate on fixed-income instruments. I do not think the TB issue will be a major concern. However, TB interest rate increase is also there for two reasons. First of all, you do not want to kill savings by having an inflation rate too much higher than your interest rate. Two, you want to attract foreign portfolio investors with high interest rates so that they can bring in foreign currency investments and help supply foreign exchange. So, it is a delicate balance that must be achieved.

How are you taking your services to the country’s huge unbanked population?

When we applied to CBN for approval, it was partly premised on financial inclusion. We saw the gap, that there was a lot of under–banking at the retail end. We said we were going to work on this. How we planned to do that was through technology. When I said corporate, it is not as if we ignored retail banking. We are doing retail but purely using technology and collaborations. When we say Globus Bank is phygital, it means that we are going to be 80 per cent digital and 20 per cent brick and mortar. But that 20 per cent that is brick and mortar will produce more than 100 per cent of other banks. For instance, I have a branch at Allen roundabout, at Ikeja, Lagos. That branch is competing with a combination of five or six other banks. We are opening two more branches at Ikeja soon — one at Agindigbi and another at Oba Akran. So, the three branches will be like having nine or 10 branches of other banks. We leveraged that single branch with a lot of digital prowess and achieved a lot of mileage. Retail is still being taken care of, but largely through digital technology.

What are the unique selling points of the Globus Bank?

I have spoken about relationships earlier. You wonder that we have been here (the bank’s head office), in these small premises for five years and have been growing silently. It is all about value. You know the pudding when you taste it. I am one CEO that is available 24/7. If you come in, we will discuss and solve your problem and you move on. When customers see that you can see them and solve their problems on the spot, they are enticed to do more. We are a bank that is there to offer value. The value is not off the shelf but tied to the customers’ pain points.

Do you see the aggressive spread of fintechs as a threat to commercial banking?

I will say no. We envisaged fintechs in our application for a banking licence to the CBN. We said we were going to collaborate with fintechs, not to compete with them. Fintechs are enablers. They help reach the grassroots that you cannot reach. We have a robust IT platform to integrate fintechs. Today, we have fintechs collaborating with us and moving significant volumes daily. What we do is to enable them by providing channels. What we should focus on as a system is to ensure that the fintechs have proper know-your-customer (policy) so that it becomes seamless when they come to deal with a bank. If the CBN can insist on proper KYC, fintechs will be seen as partners that will enable us to deepen banking services

and minimise financial exclusion. For us, it is collaboration and partnership and not competition with fintechs.

What is your level of commitment to the SMEs?

SMEs in Nigeria are key. However, what we need to do is ensure that we have a proper credit scoring system that tracks SMEs’ performance and credibility. The CBN has licensed about three credit bureaus, but it is not working the way it should be. You will find a customer who is defaulting here but is still borrowing somewhere there. We deal with SMEs based on the information that we have about them. We are supposed to enable ideas to flourish. Our role is financial intermediation—moving funds from the surplus saving unit to the deficit saving unit. We must do that bridging for economic growth and productivity. But that must be done cautiously to minimise loan default. Today, Globus Bank has zero non-performing loans (NPL). For four years, we have grown our loan book to where it is now without NPL. We may be the only bank in sub-Saharan Africa that will operate for five years with zero NPL. This is a testament to the quality of our customer base and risk management practices.

Your bank, as you said, has no NPL, yet the CBN said your retained earnings won’t be part of your capital. Can’t there be a reward for good behaviour?

Absolutely, that is what we are saying.

When we say Globus Bank is phygital, it means that we are going to be 80 per cent digital and 20 per cent brick and mortar. But that 20 per cent that is brick and mortar will produce more than 100 per cent of other banks. For instance, I have a branch at Allen roundabout, at Ikeja, Lagos

you cannot ignore the upcoming Gen Zs and that you have to create an environment that enables them to be the people they want to be. In Nigeria, we have seen that we are very creative at that level, and a lot needs to be done to encourage them to see how they can commercialise that creativity. We have people who went to school in very remote Nigerian universities doing great exploits in ICT. We have skills. The challenge is to harness these skills and make the best out of them. The Gen Zs are here to help us grow, and as we fade out, we create a room for them to step up and do it their own way. For now, we are trying to structure our systems to align with their aspirations. We are saying that you do not have to come to the office every day to work. This is part of the things we are doing to enable the Gen Zs to participate in banking, and it is working well.

What is your assessment of the Nigerian economy?

There are banks today in Nigeria that have forbearances. It means that these banks have not sufficiently provided for the specific loan losses because forbearances have been given by the CBN for certain reasons. It will be understandable if CBN encumbers their retained earnings to the extent of those forbearances rather than denying all banks the right to their retained earnings. So, when a bank has no NPL and no forbearances, it’s difficult to understand why it should be prevented from utilising its retained earnings. And let me also add that aside from not having any bad loan, we still make impairment provisions. We had more than N8 billion as an impairment provision as of December 31, 2023. But the CBN knows better. However, I think the CBN should have isolated banks with no forbearances and allowed them to capitalise their retained earnings.

How do you safeguard your system against cybercrime, particularly your online operation?

Fraud is part of operational risk in a bank. For a bank, risk management is critical. You have to make sure that the major risk buckets, namely the market risk, credit risk and operational risk are well understood by the CEO, management and board. As well as the team saddled with the risk management function. We have people in cyberspace who are there only to commit frauds. So, you must build enough safeguards in your system. We have done a lot of investments in IT safeguards like firewalls, etc. to protect our operations.

How are you banking the Gen Zs?

The question is, who are the Gen Zs? The young ones today are on the go. The Gen Zs want to bank without knowing who they are banking with. That is why today, your mobile phone is your banking hall. That is why—again, we are lucky that Globus banking apps are seen as the simplest and most user-friendly. You log in, and you are running on the spot. A lot of students are happy with it. The Gen Zs are happy with the solutions and that is how we see it. When you start at that level, they will start knowing you for what you offer, and as they move from Gen Zs to millennials, they will still keep you as their main banking institution. I think every bank is saying that

I remain very positive. Otherwise, I will not be investing more in Nigeria. Yes, things may be tough. The past few years before this government came in were years of indecision when people were just there for their own interests. However, we have seen a new regime since May 29, 2023, and we have seen policies that may be tough but appear to be in the right direction. The removal of petrol subsidy and harmonisation of the foreign exchange market were things that needed to have been done. However, the way we managed the consequences of those policies is a different discussion altogether. I think the government will find better ways to ameliorate the effect of those policies. But are they the right things to do? I will say yes. And the CBN has also come up with measures to target inflation. Today, the Monetary Policy Rate (MPR) is circa 26 per cent. Inflation is at 33.95 per cent. That is high by any standard for any economy. The CBN is trying to see how they can moderate that over time. They have a target of bringing down inflation to about 21 per cent by the end of the year. It may appear to be a tall order, no doubt. But I think that they are on it. What I know is that the rate of increase in inflation is moderating right now. Things may be tough, but the economy will bounce back. Nigeria is an economy that you cannot ignore. An economy of over 200 million people is a big market. Every name wants to be here to produce. If the right policies are put in place that attract FDIs and they can see some level of consistency in government policies and clear exit routes, positive capital flows will increase.

The lending rate in the country is excessively high, and one keeps wondering how businesses are surviving under such a burden. It is a very tough one to borrow at 30 per cent and make a good return. But when you are in the jungle, wearing a cap, and the thorns take your cap, you will leave your cap and survive first. When you are alive, you can do another cap for yourself. Where we are is where we need to survive first of all. Growth will come once there is stability. Once the economy is stable, then we can pursue growth. As we are today, the economy has been heading south, and you must stop that haemorrhage. If you are in a hole, you should first stop digging and find your way out. What the CBN is doing is first to arrest inflation, attract foreign investments into the country and then start working on other measures. It is the right way to start to address the issues that have been there.

Finally, how do you intend to improve your bank’s visibility?

We have not been very much out there in the press. The idea was for us to first grow our brand, and by the time we come out, there will be value. The plan that we had was that a year prior to our IPO, which is next year, we would start showing ourselves in the market. Right now, our greatest advert is our branch network that people see and our services. We are focusing on enhancing the value that we deliver. For the industry, I will say that I am very positive that things will get better. Recent developments concerning Heritage Bank are not a reflection of what the industry as a whole represents. The CBN is very much on top of it and working to ensure that the banking system is sound.

Igbinakenzua

IT'S A CELEBRATION OF LIFE...

L-R: Dr Abubakar Bukola

acting National Chairman of the Peoples Democratic Party (PDP), Amabassador Umar

MY CONDOLENCES SIR...

Adedeji, when the latter visited the Saraki family over the passing of their mother, Chief (Mrs) Morenike Florence Saraki... yesterday

Peter Obi: South-East Governors Must Work

Together in Unity for Region’s Development

Presidential candidate of the Labour Party in 2023, Mr Peter

Obi, has reiterated his call for South-East Governors to collaborate, saying such unity was crucial for the region's

development.

Obi spoke at Jesuit College in Port Harcourt while responding to a question seeking clarification

on his call for the South-East Governors to work together.

In a statement by his media aide, Dr. Tanko Yunusa, Obi

highlighted that the entire country faced diverse challenges, including his own South-East zone.

He expressed his desire for all

Oil Theft: Blame Big Players, Not Ijaw Youths, Senator Dickson Insists

Sylvester Idowu in Warri

Senator Seriake Dickson representing Bayelsa West Senatorial District in Bayelsa State, over the weekend, insisted that those behind incessant oil thefts in the Niger Delta were "big players" living outside the region.

He said the Ijaw youths being labelled oil thieves lack the wherewithal, the capacity and technical know-how on how pipelines operate and how high voltage pipes can be tampered with.

Senator Dickson, former governor of Bayelsa State, made the revelation when he paid a courtesy visit to the Pere of Gbaramatu Kingdom, HRM Oboro-Gbaraun 11, Aketepe, Agadagba and founder of Tantita Security Services Limited (TSSL), Chief Government Ekpemupolo alias

Tomopolo at Oporoza, headquarters of Gbaramatu Kingdom. He declared: " It is a fact; it is very known to everybody. The Ijaw people were living in the creeks, living our daily live eking out their livelihood when our waterways have been polluted and our farmlands polluted. We have no means, no capacity to engage in the high-level operations that result in the daily loss of Nigerian crude oil produced from our place.

"Those who have the capacity to compromise and infiltrate the national security system, infiltrate the national petroleum system; those who have the capacity to hire the tankers and shuttle vessels - they are not Ijaws. We don't have the capacity to do that.

"We don't even have the

experience to get involved in that kind of operations. That's a highlevel operation that needs a lot of resources, coordination, funding and international networking."

Dickson maintained that if Nigeria is serious, the country has to step up its game at the international arena by pushing for the designation of her stolen crude oil as blood crude as done with blood diamonds arising from conflicts around some states in West Africa.

"Nigeria has to push for that. But those who, on daily basis, underdeclare even what is produced; those who have refused to properly monitor and record what's produced for over 50 to 60 years should take the blame; not the unarmed Ijaw Youths without the capacity, without the technical know-how.”

Dickson insisted that the big players behind the crude oil theft were not in the region but based in Lagos, Abuja and other world capitals.

He said he was in Gbaramatu on a courtesy visit to the Agadagba and to appreciate him, his council of chiefs and those who were supporting the monarch for maintaining order and peace and stability.

His words: "This kingdom is strategic to the Ijaw Nation and the Niger Delta region. Gbaramatu Kingdom is very strategic to the nation. I have seen great development and what they have done here. In the issue of Tantita, I want to thank my younger brother, Tompolo for their contribution towards stopping vandalism of strategic national assets.

"I want to thank him for reducing

Police, Associates, Honour SP Sini for Rejecting N150m Bribe

The Commissioner of Police, FCT, Beneth Igwe, friends and associates of SP Ibrahim Ezekiel Sini, have honoured him for standing firm on the side of integrity, professionalism, rule of law, fairness, justice and forthrightness while discharging his policing duty.

Ibrahim Ezekiel Sini, a Superintendent of Police, declined a bribe of N150 million from a Lagos businessman and founder of Platform Capital, Akintoye Akindele, who allegedly attempted to obstruct investigation and prevent his arrest over financial infractions.

The CEO, Vegas Homes, Chukwuemeka Okoye, said Sini's courageous refusal of a N150 million bribe is a testament to his unwavering moral compass and belief in the principles of justice and fairness.

He applauded SP Sini's unwavering commitment in upholding the law, even in the face of immense pressure and temptation.

Okoye, who organized the honor event in collaboration with other

friends and associates in Abuja, also called on all citizens, particularly the officers and men of the Nigeria Police Force, to emulate the moral conduct and professionalism exhibited by SP Ibrahim Ezekiel Sini, while performing his police duty.

Okoye, said: "It is with great pride and admiration that we gather here today to honor SP Ibrahim Sini, a shining example of integrity and dedication within the ranks of the Nigeria Police Force.

"SP Sini's actions have not only brought honor to himself and the Nigeria Police Force but have also inspired countless others to stand firm against corruption and uphold the highest ethical standards. His integrity serves as a beacon of hope, demonstrating that even in challenging circumstances, it is possible to remain true to one's values.

"As part of our corporate social responsibility and unwavering support for integrity, we are honored to host this event in SP Sini's honor. We believe that his story deserves to be celebrated and shared widely, as it has the power to inspire and motivate

others to follow in his footsteps".

He noted that by recognizing and commending SP Sini's extraordinary courage and unwavering commitment, the friends and associates, hope to send a clear message that integrity is not just an ideal but a necessity for building a just and prosperous society.

"We urge all members of the Nigeria Police Force and the wider community to emulate SP Sini's example and to strive for excellence in all their endeavors. Together, let us work towards a future where integrity is the cornerstone of our institutions and the guiding principle of our actions," he concluded.

Earlier in his address of welcome, one of the associates, Chukwudi Asudeogu, said Sini’s conduct remains exemplary and should inspire others and Nigerians to note that the Nigerian Police Force have men of integrity and good conduct.

“This honour is aimed at not only appreciating the laudable conduct of Superintendent Ibrahim Sini, but to demonstrate that society appreciates

individuals of integrity and good conduct.

“We want to also show that the Nigerian Police Force have officers that are professional, above board and with the right incentive engage in meaningful policing and be worthy examples," he said.

He concluded that it takes discipline, the fear of God and professionalism, to reject N150 million.

Meanwhile, the Commissioner of Police, FCT, Benneth Igweh, presented land document on behalf of friends and associates to SP Sini as a reward for his exceptional conduct.

Akindele was arrested in respect to a petition submitted to the Police Chief by Summit Oil International Limited and was alleged to have swindled the firm of $5, 636, 397 and another N73, 543, 764.

Akindele, who was remanded in Kuje prison by a High Court of the Federal Capital Territory, was alleged to have offered police a bribe of N150 million to pervert the course of investigation in a petition against him.

illegal oil bunkering as it is called and for trying their best in reducing the environmental degradation caused by illegal refining activities and tampering with pipelines", he added.

Dickson observed that the best thing government and NNPC had done was engaging Tantita and "the man who understands the difficult terrain. He understands the terrain, that's why he has been able to bring some semblance of normalcy. I want to encourage him to do more".

He commended Chief Government Ekpemupolo for the wonderful job he has been doing with his security outfit, Tantita Security Services Limited (TSSL) to boost the oil revenue of the country and ensure regeneration of the eco system in the region.

Dickson also commended the paramount ruler of Gbaramatu Kingdom HRM Oboro-Gbaraun 11 Aketepe Agadagba for ensuring peace, not only in the kingdom but the entire Niger Delta.

Pere of Gbaramatu Kingdom HRM Oboro-Gbaraun 11 Agadagba, while welcoming Senator Dickson for the visit, described him as a true Ijaw son.

regions to work collectively for the progress of their respective areas, thereby contributing to the overall development of Nigeria.

“In the case of the South-East, the problems, like elsewhere, are many. However, security is the most pressing issue.

“I again urge the governors to work as a family, especially now towards solving this problem, because working in isolation will achieve less and consume more resources."

Obi insisted that the time had come for the governors to collaborate among themselves, working towards becoming collective champions.

He suggested that they engage with one another and even seek insights from former governors to share experiences, approach, he argued, was more effective than striving to be individual champions and failing in such selfish pursuits.

Obi had earlier expressed similar sentiments while speaking to journalists in Onitsha on Saturday, where he said, "I thank the government for their efforts so far, but there is a need to do more.

“All leaders must come together to join hands and fight this. In the South-East, the governors need to unite to tackle these challenges effectively.

"Even in economic matters, I want to see the South-East governors work more closely. We need them to come together and also engage other groups in the zone for comprehensive development."

Deputy Senate President: Death of 14 Worshippers Killed by Trailer in Kano, Highly Unfortunate

Sunday Aborisade in Abuja

Deputy President of the Senate, Senator Jibrin Barau, has mourned 14 worshippers who were killed by a trailer truck on Friday afternoon after the Juma'at prayers in Kano, the Kano State capital.

The Federal Road Safety Corps (FRSC) had confirmed that 14 worshippers lost their lives when a trailer truck ran over them after Friday prayers at Imawa town, Kura Local Government Area of Kano State.

This is contained in a statement made available to THISDAY in Abuja yesterday by Barau's Special Adviser on Media and Publicity, Ismail Mudashir.

Barau described the incident as unfortunate and commiserated with the families of the deceased and prayed for the repose of their souls.

He also prayed for the speedy recovery of the injured persons.

He said, "With profound sadness, we mourn the unfortunate and tragic loss of 14 worshippers crushed by a trailer after Juma'at prayers on Friday in Kano.

"Our hearts go out to the families and loved ones of the victims. We offer our deepest condolences in this hour of unimaginable grief. "We pray for the souls of the departed to rest in Aljanatul Firdausi and for the Almighty Allah to grant strength and comfort to those they left behind," he said.

Ikechukwu Aleke in Abuja

Chuks Okocha in Abuja

Saraki;

Damagun; and the Chairman of the BoT of the party, Senator Adolphus Wabara, when the PDP leadership paid a condolence visit to the former Senate President, over the death of his mother, Chief Mrs Morenike Florence Saraki, in Lagos... yesterday

L-R: Former President of the Senate, Dr. Bukola Saraki and the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheus

TRIBUTE

Obaseki @ 67: A Legacy Steeped in Excellence

Crusoe Osagie

When historians write about the exploits of great men, they are always careful about the details, ensuring to capture the elements that define a person’s epocal milestones. Most times, the stories are told of their triumph and victories, other times, of their frailties. But ultimately, these tales speak to the essence of a person’s greatest battles and how they overcome them and chart a new, definitive course.

When the story of Godwin Obaseki, who today turns 67, is told, it will feature a rich chapter dedicated to his triumphant foray into public service, with numerous pages preoccupied with showcasing his bold, courageous and eventful stay in office, where he wrestled principalities and laid the foundations to restore Edo’s glory - somewhat like a renaissance era in the 21st century.

Obaseki, no doubt, had an eventful career as an investment banker. His exploits are the stuff of legend in corporate Nigeria, where he strode like a colossus, amassing a dashing profile as an investment banker, helping companies raise capital, taking Nigerian businesses to the global stage and contributing to industry-wide reforms that continue to reverberate in the larger economy.

However, serving as Governor of Edo State, Obaseki showcased an unbridled appetite for development and progress. Apparently, a personal trait that many may have missed in their study of Obaseki’s character is an uncanny focus on delivering results. This much was apparent in the manner in which he administered the State.

In a careful analysis of his campaign promises, manifesto and policy documents placed side by side with his developmental strides, one sees an emphasis on ensuring that targets are met with clinical precision. It is as if one needs a particular angle of vision to truly appreciate his genius - a birds-eye view of the somewhat disarticulated activities on the ground level that ultimately leads to all pieces properly aligning to deliver the best of outcomes. In different spheres of development in the State, this eagle-eye view is apparent.

As a governor, he is not one given to noise, grandstanding or frivolous talks. He fought back and challenged ideas and personalities headlong. Even when many wonder what is driving his quest, they only come to appreciate his concerns when reality kicks in years after. Case in point is Nigeria’s current economic impasse occasioned by years of reckless economic mismanagement, which Obaseki warned about years ago.

As a governor, he pursued aggressive reforms. He also worked tirelessly to deliver on key policy changes that led to catalytic progress - from education to healthcare to agriculture and environmental sustainability, among others. Above all, what is incontrovertible about the governor is his stubborn belief in what is right and proper.

The governor will be completing his eight-year stint at Dennis Osadebe Avenue, in Benin City, on November 12, 2024. But what would be running through the minds of many is the legacy he would be leaving behind - what has defined his stay in government and what the generality of the people will remember

him for. Such posers are expected given that he led the state through a period of transitions, from a point when the world was transiting to new modes of living and working to an era characterised by global upheavals with a slew of wars, climate concerns and economic instability.

Did Obaseki give a good account of himself? What would historians write in his own chapter in the annals of Edo history?

Do Edo people really sit back to appreciate the extent of his reforms in changing the State’s development trajectory? Will he be celebrated after he leaves office?

First, it would be said that as Governor, Obaseki fought many battles. In many of these battles, he came tops. The harder question would be if the battles were necessary or if he should have taken a less confrontational or diplomatic path. In his reading, the governor has volunteered that he believes there was no other way to instill the kind of changes he has engendered. Many would defer. But that remains for posterity to unravel, especially given the peculiar nature of Nigeria’s political space.

Edo’s economy has grown by almost 150% in the last seven and half years since 2017, with the Gross Domestic Product (GDP) now in the region of $25bn. This can be attributed to concerted efforts to open up the economy and transit from a ‘civil service’ state to an industrialised economy. Some of the pieces that many have not taken into account in this puzzle is how fast it will grow in coming years on account of Obaseki’s reforms.

This is premised on a solid groundwork rooted in sound policies and programmes implemented in the last few years. Aside from providing quality education for over

400,000 pupils in schools and ensuring a pathway to sustain their current levels of literary and numeracy up till tertiary levels, the government has also set a template for driving productivity.

In boosting economic growth, the governor has fixed a crucial problem that plagues efforts at sparking industrial growth in developing countries, which is creating that essential link between producers of raw materials to processing business that need their inputs to produce finished and semi-finished goods.

So when allocating farm estates to interested businesses, the Edo State Oil Palm Programme (ESOPP) designed a model that would ensure that makers of Fast Moving Consumer Goods (FMCGs) got the land needed for their Backward Integration drive. As a result, some of the biggest FMCG brands in Nigeria are sourcing raw materials for their industrial plants from Edo State. Not only does this boost job creation and productive use of land that had been hitherto deforested due to years of encroachment on restricted forest reserves, the state is now better positioned to serve as a major source of raw material for local and international business concerns. The long term benefits of this scheme is that Edo would become the major supplier of raw materials and semi-finished goods.

The other critical investment is in the State’s digital infrastructure. Over 2000km of fibre optic cables have been laid across the State connected to healthcare, education and technology assets. This is strategic in positioning the state and its youths to take advantage of the Fourth Industrial Revolution. Already, the Edo Tech Park

is training tech talent with youths getting upskilled and realising their goals of kicking off tech careers from Edo State. Investment in electricity and the rep operational modular refineries in the State also add colour to the firmament of industrial activities in the State. This trend is replete in the other areas where Obaseki has made the most impact. The tradition of thinking of development in hubs is a peculiar feature of the Obaseki-led administration. There are at least six hubs that have been established in Edo cutting across Education, Health, Creative Economy, Agriculture, Technology, among others. As he leaves office in November, the question remains: who will remember Obaseki’s legacy of excellence? Ask the 400,000 Edo children and their teachers who are covered in the Edo Basic Education Sector Transformation (EdoBEST) Programme. Ask investors and the several businesses along Sapele Road and other parts of Benin City who are hooked on Ossiomo Power. Ask pensioners and civil servants. Ask subscribers to the Edo Health Insurance Scheme. Ask the over 30,000 investors and citizens who have processed their Certificate-of-Occupancy (C-of-O). It is undeniable that Obaseki is leaving Edo far better than he met it. What is even more enabling is that he has set in motion a 30-year development plan that would guide the state’s development trajectory. This speaks again to his unrivaled penchant to prioritise results and performance over rhetoric. He will remain, undoubtedly, as Edo’s most prolific reformers.

•Osagie is the Special Adviser to Governor Obaseki on Media Projects

Obaseki

FOCUS

Lagbaja: One Year After

One year after taking over as the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja is breathing fresh air into Nigeria’s security architecture with the Nigerian Army witnessing total overhaul, Raheem Akingbolu writes

The hope of enjoying adequate security and conducive business environment, devoid of kidnapping, banditry and other acts of insurgency was almost lost for many Nigerians when the current administration, under President Bola Tinubu, took over the mantle of leadership.

Like the past administration of Muhammadu Buhari, Tinubu had promised on May 29, 2023, that all hands would be on deck to secure the nation. Of course, Nigerians took the message with a pinch of salt.

Perhaps because of the way hopes were dashed under Buhari, a retired Army General and a former Head of State, who was expected to put his rich experiences into use to confront the security challenge head-on, only a few took Tinubu seriously. To this end, Nigerians were anticipatory and looking forward to seeing those who would be appointed to man the various security posts. But the President was undaunted; he fixed his gaze on the ball and set it rolling almost immediately. First, the president named a former Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, as his new National Security Adviser (NSA) and later inaugurated new service chiefs, which include Chief of Defence Staff (CDS), General Christopher Musa; Chief of Army Staff (COAS), Lt-General Taoreed Lagbaja; Chief of Air Staff (CAS), Air Marshal Hassan Abubakar, and Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla.

For the position of Inspector General of Police, the President beckoned on his former Chief Security Officer when he was the Lagos State Governor in 1999, Mr. Kayode Egbetokun.

In June 2023, Lagbaja assumed office as Nigeria’s 23rd Chief of Army Staff (COAS) and assured Nigerians of improved security. The Army Chief said he would work to engender positive change and “make a difference in a shared vision towards the fulfilment of the constitutional responsibilities of the Nigerian army.”

He also pledged to serve the country with diligence and uphold the values of the army.

One year later, he seems to have remained committed to those promises as shown by his scorecard in the year under review. Rather than allowing complacency to set in after six months of effective combat with insurgents and kidnappers, he reassured Nigerians in December 2023 while speaking on “2023: Year of Transition,” a Channels Television’s special end-of-year programme to mark the Chief of Army Staff, that troops would redouble their efforts in the coming year.

“I am promising Nigerians that the troops will redouble their efforts and we will expand the frontier of peace and stability across the country in all the geo-political zones,” he said.

Speaking on the last 12 months of the country’s security under Lágbájá’s watch, an Abuja-based journalist and security analyst, Olayemi Esan, said the COAS had remained steadily on the right track, considering the way he repositioned the Army to play their roles absolutely well.

According to Esan, “under General

Lagbaja, the Nigerian Army (NA) as a pivotal institution in the nation’s security architecture has continued to play a crucial role in supporting and actualising the vision of the country’s leadership with the inauguration of President Tinubu on May 29, 2024. In alignment with President Bola Tinubu’s Renewed Hope Agenda, the NA has continued to ensure that its strategies, operations and activities foster national unity, economic growth and enhanced security across the country. These include the application of kinetic and non-kinetic effects in collaboration with other security agencies and relevant stakeholders,” he said.

Meanwhile, available records at the Nigerian Army information unit revealed that one of the first steps Lagbaja took towards repositioning the Army was redefining the military doctrine and practice towards enhanced security.

The NA, under him, has continued to intensify its efforts in ensuring that terrorists, kidnappers and bandits find no respite by enhancing troops’ capability and readiness to confront emerging demands of current military operations. According to a report put together by the information unit of the Nigerian Army, to achieve this, over 13,000 recruits are trained annually with bi-annual intakes of more than 6,500 recruits each. The training modules of these recruits have been reviewed towards mission-focused skills, exposing and equipping them to the challenges posed by the ever-changing nature and fluidity of threats within

Nigeria’s security environment.

The report also pointed out that priority is given to advanced training aids and enhancement of tactical training such as combat sports competitions, combat proficiency drills, seminars and workshops to effectively guide and motivate personnel. These efforts have continued to redefine and reshape troops’ performance within the security landscape, ensuring more effective operational engagements and a favourable operating environment.

According to the report, “this is done simultaneously in the six geo-political zones. The security environment in the North-east deteriorated in 2009 with Boko Haram attacking communities across the Northeastern states. The region continues to experience sporadic attacks, incidents of IEDs and abductions. Also, the presence of IDP camps and the high number of displaced persons continue to exacerbate the humanitarian crisis in the region.”

Despite these challenges, the NA and other security agencies through the conduct of kinetic and non-kinetic operations, have significantly degraded the insurgency and terrorist activities of Boko Haram and its splinter group, Islamic State West Africa Province (ISWAP) in comparison to the early days. Here, the NA has successfully deployed kinetic operations, and non-kinetic and border security through enhanced surveillance and control along Nigeria’s borders to prevent the movement of insurgents and illicit goods.

According to investigation, troops within

the North-east are simultaneously engaged in specialised operations code-named Operation Desert Sanity II and Operation Lake Sanity II which have continued to complement efforts to degrade terrorist elements in Sambisa Forest, other land areas, and the Lake Chad region.

Operation Mountain Sanity has continued to dislodge terrorists from the mountain range in southern Borno.

The operations were strategically initiated by the COAS to eliminate terrorist elements in Sambisa Forest and other land areas such as the Mandara mountains, Timbuktu Triangle and the Lake Chad region by intensifying clearance operations as well as up-scaling air interdiction.

Remarkably, a total of 110,152 terrorists and their families have surrendered, including 19,331 fighters and men, 33927 women, and 56,894 children. The males among them are undergoing profiling, while the troops have exterminated over 182 Boko Haram/Islamic State West Africa Province (BH/ISWAP) Terrorists, arresting 268 BH/ISWAP Terrorists in the past 12 months.

Additionally, over 268 civilians have been rescued from captivity, including 10 Chibok girls, since May 2023, bringing the total number of rescued Chibok girls to 132.

These efforts have greatly improved the security situation in the North-east and have, as expected, enhanced the trust and confidence of the public towards the troops.

This was evidenced in the heartwarming welcome accorded to Nigerian Army heroic troops on returning from a successful operation in Sambisa and Timbuktu Triangle during Operation Desert Sanity III, which was well celebrated across various media platforms. Succinctly, it captures the genuine and heartfelt welcome extended by the local communities in appreciation of their successful operation.

Meanwhile, in the North-west zone, where the security climate is plagued by armed banditry, cattle rustling, and kidnapping for ransom, which have led to a rise in violence, displacement of communities, and disruption of socio-economic activities in states like Zamfara, Katsina and Kaduna, kinetic and non-kinetic strategies were deployed in the zone. There is also improved and synergised intelligence sharing among security agencies as well as with local communities to anticipate and respond to threats.

There are also coordinated efforts towards strengthening border security to prevent the influx of illegal arms and criminal elements though with occasional setbacks. In this regard, a major breakthrough is that there have been intensified offensives to eliminate armed bandits and other criminal elements in the North West have continued to yield positive outcomes.

In all these, two things can be linked to the success recorded by Lagbaja in office: The substantial support from the federal government and the pragmatic collaboration with other security operations, including the various community heads and local hunters. As he warms up for the next task ahead, Nigerians are waiting and watching with keen interest to witness a new life that would enhance a peaceful working environment to attract both foreign and local investments.

Lagbaja

BUSINESS WORLD

Recapitalisation: Apathy Hits Banking Stocks as

Emerges Worst Performing Indicator

Kayode Tokede

Following banking sector recapitulation exercise announced by the Central Bank of Nigeria (CBN), in March this year, the NGX Banking Index declined by 7.47 per cent to emerged as the worst performing indicator on the local bourse in H1 2024.

This is coming at a time investors average return on the stock market of the Nigerian Exchange Limited (NGX) appreciated by 33.81 per cent Year-till-Date growth (YtD).

According to analysts, the poor performance by the banking sector, which usually leads other indicators, is as a result of investors’ cautious trading in the banking stocks.

The CBN announced the banking sector recapitulation exercise, March 28, 2024, and investors

who invested in the banking stocks have maintained caution trading as indicated in the NGX Banking Index (NBI) -19.37 per cent Quarter-till-Date (QtD) performance.

THISDAY analysis of NGX trading data for the first half of 2024 revealed that the NGX AseM Index, NGX Industrial Goods Index and NGX Consumer Goods Index at 135.25 per cent, 73.14 per cent and 41.05 per cent YtD growth, respectively led other indices on the exchange.

Despite reporting impressive first quarter (Q1) ended March 31, 2024 unaudited results, the stock prices of Zenith Bank Plc, Access Holdings Plc, United Bank for Africa Plc, and FBN Holdings Plc declined in H1 2024 under review.

The stock price of Stanbic IBTC Holdings Plc, Fidelity Bank Plc, and Unity Bank Plc also recorded

significant decline.

However, Wema Bank Plc with a successful capital raising exercise outperformed Ecobank Incorporated Plc (ETI), Guaranty Trust Holding Company Plc, among others in stock price appreciation in H1 2024.

The data showed that investors in Stanbic IBTC Holdings recorded the highest price loss as the financial institution that opened trading this year at N69.65 per share, dropped by 25.34 per cent to close at N52.00 per share June 28, 2024.

This was followed by Access Holdings that dropped by 18.14 per cent to close Junne 28, 2024 at N18.95 per share from N23.15 per share atn 2023 close. UBA closed June 28, 2024 at N22.45 per share, about 12.4 per cent drop in H1 2024 from N25.65 per share the stock closed for trading in 2023.

Commenting, the Chief Operating

Officer of InvestData Consulting Limited, Mr. Ambrose Omordion, attributed the dwindling banking stocks to panic profit-taking by investors who don’t understand the impact of CBN’s banking sector recapitalisation.

He said, “Banking sector recapitalisation in Nigeria provides a lot of opportunities because these banks are healthy and have a lot of resources. If not CBN removed retained earnings; no banks would need the public to raise fresh capital.

“All these banks have robust retained earnings. CBN is looking for another means to mop-up liquidity in the system and of course, they wanted the banks to be aggressive in mop-up those money in the system using right issues, among other means. Banks like Zenith Bank, UBA, GTCO, FBN Holdings and

Access Holdings have strong retained earnings which the CBN does not want them to utilize.”

He, however, urged investors to buy these banks stocks as they are currently trading at a lower price.

He added, “These banks’ stocks are dropping but it is an opportunity for investors to take a position. There is no need to panic since the capital market is meant for the long term.”

On the sector’s recapitalisation, Investment banker and stockbroker, Mr. Tajudeen Olayinka in a chat with THISDAY stated that banks accessing the capital market to raise capital is welcome development, stressing that the stock market is ready to support banks in their quest to meet CBN requirements.

“The truth is that most banks may not be able to raise as much as they require from the stock market at this time because of

high interest rate, among other factors. Ordinarily, banks could have raised as much as they required at a lower cost of equity and as it is now, they may have to consider a higher cost of equity.

“For that reason, some will have to go by the way of right issues and public offer like what Fidelity Bank is doing right now. The exercise will attract foreign investors and local investors are ever ready but may not show much interest due to weaker purchasing power,” Olayinka explained. In 2023, the Governor of the CBN, Olayemi Cardoso suggested the possibility of raising the minimum capital requirement for banks, despite the sector’s relative stability in recent years.

The President and Chairman of Governing Council of Chartered Institute of Stockbrokers (CIS), Mr Oluropo Dada has declared that the capital market is deep enough to fund Nigeria’s developmental needs stressing that the federal government can raise as much as $500 billion from the market.

He stated this after he was sworn-in as the 13th president of CIS at an investiture ceremony,at the weekend in Lago.

The event marked the

commencement of Dada’s two-year tenure as the Institute’s President and send-off for Mr Oluwole Adeosun, the immediate past president.

In his acceptance speech, Dada assured that his administration would advance inclusive participation of all stakeholders in the financial market.

According to him, “My vision is to build a Nigerian capital market and in which securities professionals get the attention and patronage that they deserve. We want a market that is all-inclusive, with all stakeholders working as partners. My team and I will work assiduously towards

upgrading capacity building in our community, while at the same time ensuring that there is a symbiotic relationship between securities dealers and all trading platforms in the country.

“The Federal Government of Nigeria (FGN) under the leadership of President Bola Ahmed Tinubu, has articulated the vision of attaining a $1trillion economy during its tenure. To do this, the economy must attain a double-digit growth in Gross Domestic Product (GDP). It is therefore my conviction that the capital market alone can generate

up to at least half of the envisaged $1trillion.”

“It is therefore imperative that the size of the informal sector in Nigeria be substantially reduced, if we are to attain the objectives of accelerated GDP growth. Appropriate policies should be crafted to encourage all public limited liability companies in Nigeria to obtain listing and public quotation on any of the SECregistered securities exchanges in the country. Our Institute aligns with the ongoing recapitalisation programme in the banking sector. We have made a 10-point recommendation to the

Government and Capital Market

Regulators on how the new capital injection in the banking industry can be implemented seamlessly,” he explained.

Speaking, the immediate past president, Mr Oluwole Adeosun, presented some of the major achievements during his tenure and commended Dada for his sterling contributions as the 1st Vice President during the period.

The Special Guest of Honour, and Nigeria’s Vice President, Kashim Shettima, urged the Institute to partner with the federal government

in order to transform the economy. Shettima, who was represented by his Special Adviser on Economic Matters, Dr Tope Fasua, He explained that the economy would experience significant growth once the country overcomes the ongoing reforms, Governor Abiodun Oyebanji of Ekiti State, commended the Institute and assured it of support for Dada’s administration through partnership with the Institute for market development. He showered encomiums on Dada as a man of integrity with track records of performance.

Eromosele Abiodun

NEW CIS LEADERSHIP…

L-R: 2nd Vice President, Chartered Institute of Stockbrokers (CIS), Dr Akeem Oyewale; Chairman, Nigerian Exchange Group (NGX Group) Plc, Umaru Kwairanga; Registrar and Chief Executive, CIS, Josiah Akerewusi; 1st Vice President, CIS, Fiona Ahimie; Founding Partner, Wole Olanipekun & Co, Wole Olanipekun, President and Chairman of Council, CIS, Oluropo Dada; Executive Governor of Ekiti State, Abiodun Oyebanji; Lagos State Commissioner for Finance, Abayomi Oluyomi; Deputy Chairman, House Committee on Capital Market and Institutions, Mukhtari Zakari and former Director General of The Nigerian Stock Exchange(now NGX), Prof. Ndi Okereke-Onyuike, during the Investiture Ceremony of Dada as the 13th President of CIS in Lagos… recently

Agusto & Co. Foresees Robust Growth in Managed Assets, to Surpass N10tn by 2025

Credit rating agency, Agusto & Co., has projected that managed assets in the country will witness an average annual growth rate of 32.4 per cent over the next two years.

The firm noted that while this represents a deceleration compared to the previous two years’ average growth rate of 45.8 per cent, the industry is still expected to see significant expansion, with managed assets surpassing the N10 trillion mark by 2025.

In its 2024 Asset Management Industry Report, it said the anticipated growth will be fuelled by several key factors, such as higher yields which

are expected to attract more investments, while increased contributions from pension fund administrators and institutional clients will also play a crucial role. Additionally, it stated that the strategic allocation of funds in international money markets is being leveraged to counteract the effects of the depreciating local currency.

It stated, “In 2023, the Nigerian asset management industry demonstrated resilience through innovative financial products and effective asset diversification. Total assets under management (AUM) increased by 44 per cent to N5.9 trillion, driven by the growth of dollar-denominated portfolios and increased participation from retail and institutional investors.

Sustainability Professionals Institute

Inducts 64 New Members

The Sustainability Professionals Institute of Nigeria (SPIN) has said that it inducted 64 new members at its 2024 cohort induction ceremony in Lagos.

The event, it said in a statement, marked a significant milestone in its efforts to promote sustainable practices in Nigeria.

The induction ceremony, it added, brought together professionals from various sectors, institutional members including Access Bank, Dangote Cement, First Bank, IHS Towers and Lotus Bank, emphasizing their commitment to supporting a sustainable Nigeria.

In his keynote speech, Professor Bongo Adi from the Lagos Business School delivered a presentation titled: “The Role of Sustainability Professionals in Socioeconomic Development.”

Group Business Editor

Eromosele Abiodun

Deputy Business Editor

Chinedu Eze

Comms/e-Business Editor

Emma Okonji

Asst. Editor, Money Market

Nume Ekeghe

Senior Correspondent

Raheem Akingbolu (Advertising)

Correspondents

Emmanuel Addeh (Energy)

KayodeTokede(CapitalMarkets)

James Emejo (Finance)

Ebere Nwoji (Insurance)

Reporters

Peter Uzoho (Energy)

Ugo Aliogo (Development)

He emphasized developmental activism as a key driver of sustainability practices and economic progress, urging the new inductees to take an active role in shaping Nigeria’s sustainable future.

Speaking, SPIN’s Vice President, Ini Abimbola said, “SPIN remains committed to promoting sustainable practices in Nigeria. We charge our new inductees to imbibe good leadership traits as they join our mission.” She also hinted at ongoing plans towards achieving charter status for the institute.

Osayi Alile presented on, “Positioning Social Enterprises as Key Drivers of Sustainable Development in Emerging Economies,” stressing the need for more knowledge and collaborations at corporate and individual levels.

Ismail Omamegbe, Director of Advocacy and Stakeholder Relations at SPIN, outlined the institute’s plans for the new inductees.

“The industry’s offerings are divided into three segments:

Collective Investment Schemes (CISs), Segregated Portfolios, and Alternatives. CISs, or mutual funds, pool clients’ funds for management. Segregated portfolios include privately managed discretionary and

non-discretionary funds, along with other private collective investment schemes not listed on the SEC’s website. Alternatives encompass non-traditional assets such as REITs, private equity, and infrastructure funds.

“In 2023, segregated portfolios surpassed collective investment

schemes, contributing 57 per cent of the industry’s AUM as investors shifted away from the more restrictive and conservative CISs, which accounted for 35 per cent. Alternative assets, including publicly-listed private equity, REITs, and infrastructure funds, made up 8% of managed assets.”

Agusto & Co. forecasts robust growth in the industry’s managed assets, projecting an average annual growth rate of 32.4 per cent over the next two years, albeit at a slower pace compared to the 45.8 per cent average for the previous two years.

NPA Scores 100% in Presidential Ease-of-Doing Business Ratings

Eromosele Abiodun

The Nigerian Ports Authority “NPA), over the weekend, emerged with a performance score of 100 per cent in the just concluded Cohort #3 of the Presidential Enabling Business Environment Council (PEBEC).

In recognition of its dedication to driving the reforms, the NAP was acknowledged as “The

Most Committed” agency with the highest number of reform activities—63—doubled the average number of activities for other MDAs and nonetheless achieved a 100% feat. According to PEBEC, “The impact of these reforms is far-reaching and will improve the overall effectiveness of the ports. The most significant reform under cohort #3 is the reduction in export processing

time after benchmarking against competing jurisdictions. The authority can reduce its processing time for exports from an average of 10 days to a timeline of 3-5 days, depending on the arrival of the lifting vessel.

Other reforms embarked on are ensuring transparency, reduced costs, and streamlined processes.”

While addressing the newsmen, the Managing Director of NPA, Mohammed Bello KoKo strongly

commended the frontline role of the Minister of Marine & Blue Economy, Gboyega Oyetola.

He said Oyetola’s pragmatic leadership catalysed the comprehensive reform agenda being implemented in the maritime industry, which resulted in the Ministry of Marine and Blue Economy emerging as the “Best Performing Ministry” in driving PEBEC reforms.

NOG Energy Week to Discuss Key Initiatives on Thriving Domestic Gas Market in Nigeria

As Nigeria continues to navigate its path towards economic diversification and sustainable development, the role of the oil and gas sector remains paramount.

To harness the full potential of this vital industry, it is imperative to prioritise key initiatives aimed at attracting investments, enhancing security, increasing production, and improving domestic gas utilisation.

In consideration of this, NOG Energy Week 2024, West Africa’s leading energy Conference and Exhibition, organised by dmg Nigeria events and in partnership

with Levmora Services, will once again create the critical platform to evaluate and explore opportunities created by the president’s directives.

Earlier this year, President Bola Ahmed Tinubu introduced three new policy directives in the oil and gas sector aimed at boosting investment and streamlining operations. Recognising the proactiveness, the Nigerian Gas Association (NGA) recently lauded the directives as transformative milestones to attract investment, positioning gas as a crucial enabler.

This streamlined approach will accelerate project execution, optimise resource allocation, and create a favourable environment for local and foreign investors.

At the NOG Energy Week 2024 Strategic Conference, industry leaders will explore the strategies needed to deliver a thriving domestic gas market. The session dedicated to gas will focus on three integral areas: Domestic Gas Market Development, Upstream Gas Production Plans, and Gas Infrastructure. The session will also feature senior representatives

from the NMDPRA, NNPC Limited, Nigeria LNG Limited, Nigeria Liquefied Petroleum Gas Association and UTM FLNG Limited. The discussions are set to explore alternative gas pricing models, barriers to increasing LNG and CNG usage, and government strategies to encourage non-associated gas production. Additionally, an adequate examination of Nigeria’s gas connectivity, investment gaps, and the role of policy and publicprivate partnerships in development will also be discussed.

Report: 76% of Companies Improved on Cyber Defenses

Emma Okonji

Sophos, a global leader of innovative security solutions for defeating cyberattacks, has released its findings from its recent survey, titled: “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders.”

According to the report, 97 per cent of those with a cyber policy invested in improving their defenses to help with insurance, with 76 per cent saying it enabled them to qualify for coverage, 67 per cent to get better pricing and 30 per cent to secure improved policy terms. The survey also revealed that

recovery costs from cyberattacks are outpacing insurance coverage.

Only one per cent of those that made a claim said that their carrier funded 100 per cent of the costs incurred while remediating the incident.

The most common reason for the policy not paying for the costs in full was because the total bill exceeded the policy limit.

According to The State of Ransomware 2024 survey, recovery costs following a ransomware incident increased by 50 per cent over the last year, reaching $2.73 million on average.

Analysing the report, Director,

Global Field CTO, Chester Wisniewski, said: “The Sophos Active Adversary report has repeatedly shown that many of the cyber incidents companies face are the result of a failure to implement basic cybersecurity best practices, such as patching in a timely manner. In our most recent report, for example, compromised credentials were the number one root cause of attacks, yet 43 per cent of companies didn’t have multi-factor authentication enabled.” Wisniewski further said: “The fact that 76 per cent of companies invested in cyber defenses to

qualify for cyber insurance shows that insurance is forcing organizations to implement some of these essential security measures. It’s making a difference, and it’s having a broader, more positive impact on companies overall. However, while cyber insurance is beneficial for companies, it is just one part of an effective risk mitigation strategy. Companies still need to work on hardening their defenses. A cyberattack can have profound impacts for a company from both an operational and a reputational standpoint, and having cyber insurance doesn’t change that.”

Nume Ekeghe

FOOD SCIENCE & TECHNOLOGY SUMMIT…

L-R: Assistant National Secretary, Nigerian Institute of Food Science and Technology (NIFST), Rasaq Oke; Chairperson, NIFST L ocal Organizing Committee of the summit, Taiwo Ubany; MD/CEO, UAC Foods Limited, Oluyemi Oloyede; Certified Quality Auditor, NIFST, Dr. Olubukola Irurhe; Chapter Chairma n, NIFST, Stephen Olugbenga Aina and Vice President, NIFST, Dr Bola Osinowo at the 10th Regional Food Science & Technology Summit, held in Lagos… recently

Omosehin Charges Actuaries on Shaping Future of Insurance with AI

The Commissioner for Insurance, Mr Olusegun Ayo Omosehin, has charged members of the Nigerian Actuarial Society (NAS) to collaborate, innovate, and lead the way in shaping the future of the Nigerian insurance industry through continuous evolvement and development of skill sets that utilise artificial intelligence (AI)

and other machine learning tools.

Omosehin who stated this at the 2024 Nigerian Actuarial Society’s Annual Industry Conference held in Lagos said the actuaries should take the above steps or risk being left behind.

Delivering the keynote address, Omosehin, said the year’s conference with the theme, “Actuaries and AI: Strengths, Opportunities, Weaknesses, and

Lagos Food Bank, Ayra Starr Partner to Feed 21 Families

Raheem Akingbolu

Lagos Food Bank Initiative and Musician, Oyinkansola Sarah Aderibigbe, better known as Ayra Starr have partnered to provide nutrition for 21 families within the Agege Community of Lagos State, as part of the programme to celebrate the singing sensation’s 22nd birthday.

Speaking at the event, which had in attendance members of the Mavin team and the LFBI team, as well as the beneficiaries of this initiative, Aderibigbe said, “I can’t imagine a better way to celebrate my 22nd birthday.”

According to her, “I’m just so grateful for the opportunity to partner

with the Lagos Food Bank Initiative and use my platform in such a meaningful and impactful way.”

Lagos Food Bank Initiative, LFBI, is a non-profit organization committed to combating hunger and providing a sustainable means of living to vulnerable persons in under-served communities across Nigeria.

The outreach programme consisted of a short and long terms approach with the former involving distribution of 21 boxes with enough food to sustain a family of five for two to three weeks, while the latter set them up with adequate resources for poultry farming, an occupation that can sustain these families for life.

NEPZA Boss: Economic Zones Remitted N11.1bn in Three Years

Stories by James Emejo in

Abuja

Managing Director/Chief Executive, Nigeria Export Process Zones Authority (NEPZA), Dr. Olufemi Ogunyemi, said the country’s Free Trade Zones (FTZs) generated N11.1 billion between 2020 and 2023 as against the earlier N11.11 trillion erroneously captured in the authority’s submission to the Senate Committee on Trade and Investment.

He described the initial quoted figure as a regrettable ` typographical mishap.

He explained that the sum of N377.33 million was generated in 2020 while N3.11 billion accrued to the Federation Account in 2021 from the scheme.

He said total remittances from the scheme in 2022 stood at N3.44 billion while N4.170 billion came through in 2023.

In a statement issued by Head, Corporate Communications, NEPZA, Dr. Martins Odeh, Ogunyemi said the scheme

currently has 53 FTZs habouring 580 enterprises with a cumulative value of $30 billion.

According to him, the authority collects 20 types of revenues ranging from $500,000 -Declaration fees, $60,000 annually as Operation License (OPL) and $300 to $500 Registration fees in line with extant regulations on IGR.

He said there is also between $100 to $300 Examination and Documentation fees per transaction which occur on a daily basis.

He said, “The Nigeria Export Processing Zones Authority (NEPZA) is the major driver of Government’s initiative to diversify the Nigerian economy. With attractive investment packages and a focus on economydriven sectors, NEPZA provides investment opportunities in different sectors across the country.

“At the moment, the scheme focuses on three critical investment areas which included Manufacturing 45 per cent, Services 30 per cent, and Oil & Gas with 11 per cent active investment exploitation.”

Threats,” was timely and crucial, as it perfectly captured an exciting yet critical conversation needed today.

He said, “As we gather here today, the world is experiencing a significant transformation, driven by technological advancements and data revolution. The financial sector, in particular, is at the point of a significant shift, with artificial intelligence (AI) poised to

revolutionise the way we conduct business. As the Nigerian insurance industry continues to evolve, the intersection of actuarial science and AI presents a unique opportunity to further utilise the power of technology to shape the future of insurance in Nigeria”.

He said actuaries play a critical role in risk assessment, pricing, and financial stability using advanced techniques such as data science

and predictive analytics to analyse complex data and make informed decisions.

He noted that the actuarial profession had become increasingly important in a data-driven world, with actuaries in high demand across various economic sectors.

He pointed out that one of the things that some older actuaries talk about was the time before spreadsheets existed, when

calculations were done by hand. He however observed that the advent of spreadsheets did not eliminate actuaries; rather, it allowed them to do more and explore new aspects of their work.

He said it was in recognition of these developments that the Federal Government of Nigeria planned to position Nigeria as the AI hub for AI solutions in Africa.

SATH Foundation Harps on Transformative Impact of

Emma Okonji

The SATH Foundation, a nonprofit arm of Signal Alliance Technology Holding (SATH), and an advocate of ethical use of technology in society, has stressed the importance of building trust in Artificial Intelligence (AI) technology.

The foundation also highlighted the transformative impact of AI on everyday interactions.

SATH Foundation said this at its Leadership Roundtable on

Ethical AI Governance: Building Trust in AI, which held recently in Victoria Island, Lagos.

In his opening remarks, the Chairman of SATH, Collins Onuegbu, emphasised on the transformative impact of AI on everyday interactions as well as the importance of building trust in AI systems.

While discussing on the panel, Southwest Zonal Officer at the National Information Technology Development Agency (NITDA), Chioma Okee-Aguguo, stated the importance of cross-sector

partnerships and NITDA’s commitment to ensuring that technology is accessible and deployed ethically. Microsoft, Government Affairs Lead for Africa Emerging Markets, Nonye Ujam, led the Transparency, Fairness and Bias break out group.

During her presentation on the group discussion, she mentioned that they had discussed the importance of data classification and addressed the necessity for transparency and bias reduction in AI development, advocating for open systems from data gathering

AI

to usage and interpretation. Google’s Government Affairs and Public Policy, Adewole Adene, spoke on the need to ensure data security in training AI models, learning from global best practices, and applying them through a local lens.

Technology Attorney at BOC Legal|Johnson & Wilner, Rotimi Ogunyemi, spoke about the need to institutionalise occupational roles like Chief AI officers as it is fast becoming necessary to have responsibility officers in AI.

ASKY Boss Explains Why Airfares are High in Africa

Chinedu Eze in Accra

The Managing Director of ASKY Airlines, Mr. Esayas WoldeMaria has said that the major reason Africans pay high airfares is because governments charge exorbitant taxes on air travel.

Incidentally, despite the huge taxes, governments are reluctant to modernize airport and travel infrastructure, hence the low development of air transport in most part of Africa.

WoldeMaria said airlines are charged as much as $2000 on over fliers in a region where the

Raheem Akingbolu

The Minister of Budget and Planning, Abubakar Bagudu, has stressed the need for more investments to sustain stakeholders’ confidence and support a resilient citizenry in Nigeria.

Bagudu, who spoke at the Agence Française de Développement (AFD) 15th anniversary celebration, in Abuja, stressed the importance of further international support to address challenges and promote sustainable development.

airspace is supposed to be open for member state airlines.

He lamented that the continent is known for poor airport infrastructure, high taxes and levies, constricting traffic rights and non-implementation of Single Africa Air Transport Market (SAATM), among others, which contribute hugely to high airfares within the continent.

WoldeMaria disclosed this during his presentation at the 7th Accraweizo conference, held in Accra, Ghana at the weekend, adding that states charge such high taxes despite the many

He emphasised Promoting Nigeria’s economic and political interests internationally by leveraging France’s knowledge and influence and Investing in infrastructure to support Nigeria’s massive populations and modernize agricultural practices.

At the anniversary celebration, stakeholders from both Nigeria and France reaffirmed their commitment to strengthening their bilateral partnership.

On his part, the Special Adviser to

treaties entered into by African governments to foster collaboration, including Yamoussoukro Decision, which is supposed to open the region’s airspace for member airlines.

He also frowned at the fact that about 35 per cent of cost of air ticket in Africa constitute of taxes and charges; yet the revenues so earned are not ploughed back to further grow the system.

Earlier in his welcome address, the organiser of Accraweizo in collaboration with Ghana Tourism Authority (GTA), Mr. Ikechi Uko, said that the intent

the President on Media and Publicity, Ajuri Ngelale, acknowledging the significant impact of the French Development Agency in Nigeria’s climate action efforts, praised the agency’s collaboration with the National Council on Climate Change, particularly their support in embedding a greenhouse gas emissions expert.

“And in the climate action space, we acknowledge the transformative impact that the French Development Agency has had in its partnership

of the organisers was to create a domestic market within the West African region. Uko explained that the major challenge of seamless travel within West Africa lies with land borders. He said: “There is problem at the land borders. A lot of people are not privileged to fly like us, so they have to go out of their way to travel by road. So, this year, we did another collaboration with GTA. It brought the president of the tour operators union and some top operators to join us in Cotonou. And we did the four days road trip together.”

with different institutions of our government, “ he said.

Speaking, the Acting Ambassador of France to Nigeria, Jean Hasperue, reaffirmed France’s commitment to being a trusted partner through investment, development, security, humanitarian efforts, and support for ECOWAS. He discussed French private sector investments aimed at making Nigeria safer, improving the situation of displaced persons, and supporting projects in agriculture and industry.

Ebere Nwoji

Moniepoint Celebrates MSMEs as Backbone of Global Economies, SDG Champions

Nume Ekeghe

Managing Director of Moniepoint MFB, Babatunde Olofin has praised Micro, Small, and Medium Enterprises (MSMEs) as the lifeblood of economies worldwide and key players in achieving sustainable development goals (SDGs).

In a statement, Olofin emphasised that with the right support from governments, financial institutions, and consumers, MSMEs can spearhead a sustainable and prosperous future.

He said: “MSMEs are the lifeblood of the Nigerian economy. Millions of people depend on them daily for food, necessities, and sustenance. For businesses across Nigeria, our promise is simple - we’re always going to be here to make you

happy. As we celebrate this year’s World MSME Day, we must acknowledge the hard work, dedication, and perseverance of MSMEs in driving economic stability and fostering sustainable development, which helps eradicate poverty and improve the quality of life for Nigerians.”

He called for a renewed commitment from stakeholders, including government agencies and private sector operators, to support MSMEs through policies, funding, and capacity-building initiatives.

“By empowering MSMEs, we pave the way for a more sustainable, inclusive, and prosperous future for all, especially the coming generations,” he added.

To support small businesses during the World MSME Day celebrations,

APM Terminals, NDLEA

APM Terminals Apapa in collaboration with the National Drug Law Enforcement Agency (NDLEA) celebrated the 2024 International Day Against Drug Abuse and Illicit Trafficking with a lecture on Wednesday.

The lecture, which had in attendance members of the Apapa port and host community, had as its theme, “The Evidence is Clear: Invest in Prevention.”

The lecture was part of a weeklong celebration of the International Day Against Drug Abuse and Illicit Trafficking, which included a Walk Against Drugs.

Manager, Health, Safety and Environment for APM Terminals Apapa, Felix Ugwuagbo, said the terminal operator partnered with

Moniepoint provided various incentives to business owners across Nigeria. These included gift vouchers for inventory restocks, sewing materials, and fuel vouchers to aid logistics. Beneficiaries expressed gratitude, noting that these gestures would significantly boost their productivity and enable them to better serve their communities.

Olofin also highlighted the critical role of MSMEs in creating local jobs and empowering women, youth, persons with disabilities, and other vulnerable groups.

“Commemorating MSME Day is a recognition of this vital sector as agents of innovation, growth, and sustainability, with the potential to unlock critical pathways to accelerate SDG progress globally,” he said.

Hold Lecture on World Drug Day

NDLEA to create awareness on the negative effects of illicit drugs on society.

“At APM Terminals, we have a strict policy against the use of illicit drugs by our employees, contractors and truckers who visit the terminal, as this can endanger safe operations. This lecture is a great opportunity to educate the Apapa community and other stakeholders of the negative impact illicit drug use has on individuals, families and communities.

“To battle this scourge, there is a need for evidence-based policies rooted in science, human rights, compassion, and knowledge,” he said.

Speaking, NDLEA Commander, Apapa Special Area Command, Udotong

Noah Essien, described drug trafficking and abuse as avenues to crime, waste of human lives and properties and depletion of a nation’s productive workforce.

“It is important we tackle drug abuse prevention through awareness and public education. The NDLEA launched the War Against Drug Trafficking (WADA) to combat drug abuse in the country,” Essien said.

Customs Area Controller, Apapa Area Command of the Nigeria Customs Service (NCS), Comptroller Babatunde Olomu, reiterated the command’s continuous support in the fight against drug trafficking and appealed to stakeholders to support the NDLEA in achieving a drugfree society.

Sterling Foundation Partners DBN for Africa Social Impact Summit

Nume Ekeghe

Sterling One Foundation, coconveners of the Africa Social Impact Summit has announced the Development Bank of Nigeria (DBN) as one of its partners for the third edition of the Africa Social Impact Summit to be held in Lagos.

In a statement, the Managing Director and Chief Executive Officer of DBN, Dr. Tony Okpanachi explained that the DBN has been a part of the Africa Social Impact Summit right from its inception, with

its Chief Economist as one of its panelists, because it sees value in the Summit’s drive for increased impact investments to scale sustainable solutions.

“We are constantly looking to reach more enterprises building impactful solutions that address Nigeria’s challenges and this Summit presents a good opportunity to engage them and offer them ways to scale and grow,” he said.

Commenting, Chief Executive Officer, Sterling One Foundation, Mrs. Olapeju Ibekwe, expressed delight at having the Develop-

ment Bank of Nigeria onboard, stating that the impact of their work and the insights they have from serving Nigeria’s vibrant MSME space is worth learning from. She also hinted at the opportunity this partnership offers to Summit attendees looking to access credit for the impact-focused solutions they are building.

The Africa Social Impact Summit now in its third year is expected to be held from July 25 to 26, 2024 at the Eko Convention Centre, Lagos, Nigeria.

Sundry Foods Opens 3rd Kilimanjaro Restaurant in Kaduna

Sundry Foods Limited (SFL), has announced the opening of a new Kilimanjaro restaurant in Kaduna - the third in 9 months in the former capital of Northern region.

In line with SFL’s effort to expand its presence nationwide, Kilimanjaro, opened to the public on June 19, 2024.

“We are humbled by the warm reception by our customers in Kaduna and more optimistic than ever about the future of our brand in the country.

At SFL, the utmost importance is placed on the safety of customers and as such, the new restaurant is following the strictest health and safety protocols in preparing, handling, and serving of meals, “its Managing Director/CEO,

Mr. Ebele Enunwa, said in a statement.

The new outlet located on Ahmadu Bello Way in the Doka area of Kaduna, the statement said is a unique and a standalone Kilimanjaro restaurant with a wonderful ambience designed to create all round atmosphere for memorable dining experience.

Enunwa said that SFL remains committed to providing its numerous customers and lovers of food across the country with a world class dining experience, even as he said that the new restaurant will have all SFL’s brands on offer.

The SFL boss said that the expansion effort comes as a deliberate policy of the company aimed at enhancing customer

experience, expressing delight that the expansion programme has significantly achieved its target of ensuring Kilimanjaro’s presence is established in major cities and strategic locations in the six geo-political zones of the country.

He assured that the expansion drive will deliver the company’s trademark excellent quality food and related services to Nigerians all over the country, adding that the expansion programme is a continuous one

“By making strategic and highly targeted investments to drive value for partners, SFL will also drive value for customers and shareholders, while managing costs, improving margins, and elevating the company’s experience for all stakeholders.’’

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.

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).

L- R: Commander, Tin Can Island Port Area Command, National Drug Law and Enforcement Agency (NDLEA), Muhammed Abubakar; Commander, NDLEA Apapa Area Command, Udotong Essien; Manager, Health, Safety and Environment, APM Terminals Apapa, Felix Ugwuagbo and NDLEA Assistant Commander General of Narcotics, Florence Ezeonye at the 2024 International Day Against Drug Abuse and Illicit Trafficking in Apapa, Lagos...recently

CAP Plc’s Shareholders Approve N1.55 Final Dividend Payout

Kayode Tokede

The shareholders of Chemical and Allied Products Plc (CAP) have approved a final dividend of N1.55 kobo per 50 kobo ordinary share, bringing the total dividend declared for the 2023 financial year to N1.26 billion.

Reviewing its performance at its 59th Annual General Meeting (AGM) held in Lagos recently, the company noted a 24 per cent topline growth in revenue to N23.9 billion, up from N19.2 billion in 2022.

Addressing shareholders at the AGM, the Board Chairman Mr. Folasope Aiyesimoju attributed the increase in revenue and the company’s record-breaking performance to the strength of the team, the dedication of trade partners and suppliers, customer loyalty, and CAP’s resilience as a business. He added that the company grew its gross profit by 18per cent to N9 billion, and profit before tax increased by 10per cent to N3.8 billion.

CAP’s Managing Director, Mrs.

Bolarin Okunowo, spoke on the company’s financial performance, stating, “Despite the dynamic economic landscape, our company delivered exceptional results in 2023, underscoring our resilience and adaptability. These results were achieved while navigating macroeconomic headwinds, proving the strength of our team and business model.” She noted that profit for the year increased by six per cent to N2.5 billion, with earnings per share rising to 309 kobo.

She further elaborated on future

plans saying, “We plan to aggressively increase our retail footprint in Nigeria while deepening our strategic partnerships and alliances. Our focus will be on expanding our market share across the decorative and industrial coatings segments. We remain committed to delivering highquality products and services that exceed our customers’ expectations and leveraging technology to transform our operations and drive growth and profitability. The positive macroeconomic

outlook for 2024 provides a platform for CAP to expand its horizons and embrace growth. We are well-positioned to leverage the changing environment for sustainable growth.”

At the conclusion of the AGM, shareholders expressed satisfaction and commended the Board of Directors for their strategic drive in enhancing the company’s performance over the past financial year. They appreciated the distribution of dividends and the board’s commitment to sustaining

shareholder value. Additionally, shareholders deliberated on and resolved several matters, including the re-election of Mr. Folasope Aiyesimoju and Dr. Vitus Ezinwa as Directors retiring by rotation, and the approval for the appointment of Mr. Debola Badejo as Director. With renewed optimism and confidence in CAP’s strategic direction, the company remains steadfast in its mission to create long-term value for its stakeholders through innovation, operational excellence, and a customer-centric approach.

PRICES FOR SECURITIES TRADED ASOF JUNE 27/24

BOOSTING TECH ENTREPRENEURS...

L-R: Founder/Lead Strategist, Futux Agric-Consult Limited, Olarewaju Babatunde; Managing Director, Phiozah Limited, Princess Echefu; Consul-General of the Federal Republic of Germany, Mr. Weert Borner; Chief Executive Officer, Farm Speak Technology, Peter Okonmah, and Founder/CEO, Aqua-Osuk Enterprises Limited, Ime Bassey, at a dinner for Nigerian Tech Entrepreneurs sent to Germany under Nigerian-Germany Start-Up Exchange Programme held in Lagos… recently

One Killed, Four Kidnapped as Terrorists Attack Abuja Communities

Two kidnappers killed, victim rescued in A’Ibom

Olawale Ajimotokan in Abuja and Okon Bassey in Uyo

One person was feared killed and four others abducted in the early hours of yesterday by bandits in a raid on Guto, Piyawe, Tudun-Fulani and Sabon Gari communities in Bwari Area Council in the Federal Capital Territory(FCT).

However, Police operatives in Akwa Ibom state have killed two kidnappers during gun duel to free an abducted victim.

The FCT attack was said to have been carried out by over 30 armed bandits, who surrounded the communities, according to residents.

They shot sporadically and forced their way into people’s

Ekiti, NIMASA Partners on Insecurity, Poverty

Gbenga Sodeinde inAdoEkiti

As part of the resolute actions of the Ekiti State Governor, Biodun Oyebanji, to build strong synergy with the federal government’s agencies, the state is to partner the Nigerian Maritime Administration and Safety Agency (NIMASA) to reinforce security and tackle the menaces of poverty and disasters that could ravage the state.

The partnership was sealed during the visit of the state delegation led by the Permanent Secretary, Ekiti State Deputy Governor’s Office, Mr. Abayomi Opeyemi, in company of the General Manager, Ekiti State

Emergency Management Agency (EKSEMA), Mr. Oludare Asaolu, to NIMASA headquarters in Lagos last Friday.

Also at the meeting with NIMASA was the Permanent Secretary, Lagos State Emergency Management Agency(LASEMA), Dr. Femi OkeOsanyintolu.

A statement issued in Ado Ekiti last Saturday by the Permanent Secretary, Mr. Abayomi Opeyemi, asserted that the partnership was geared towards mapping out action plans to reinforce security through donation of gadgets to Ekiti State to fortify security architectures both state and non-state actors.

Okupe Faults FG for Dragging States to Court

ChuksOkochainAbuja

Former Director-General of the Labour Party (LP) Presidential Campaign Council, Dr Doyin Okupe, has faulted federal government on its court case against states over local government autonomy.

Okupe expressed the position in a post made available to news men Abuja yesterday.

The former National Publicity Secretary of the defunct National Republican Convention (NRC) described the federal government’s legal battle against the states for autonomy as needless and unfortunate.

According to him, in a true

federal system, there are only two component units- the federal and the states. “We should run a true federal system in which there are two bodies coming together for a union: the Federal Government and sub-nationalities.

“The local governments are principally and completely issues of the state, it absolutely has nothing to do with the federal government and it (the idea of LG as a third tier)should be expunged from the constitution.

“Let the nation’s money be shared between the federal government and the states. The federal government asking for local government autonomy in a federal system is an aberration.

Enahoro, Adunni, Omowunmi Charge Women to Shape Society

Sunday Okobi

Women and girls have been urged to emulate the late Funmilayo Ransome-Kuti to maximise their inner strength to advance causes that positively impact society.

This charge was the focal point at the first edition of the GIG Mobility Women Empowerment series held in Lagos tagged: ‘The Strength of a Woman in Shaping Society.

The series hosted women and girls from various schools to join lead actors Adunni Ade and Owowunmi Dada, to draw

lessons from the movie, ‘Funmilayo Ransome-Kuti’.

Speaking after the film show, Adunni Ade said Funmilayo demonstrated the phrase’s true meaning that there are no limitations to what women can achieve.

She said: “A woman is full of substance. Within her is the power to create, nurture, and transform. She’s filled with good instinct and creativity. The resolute courage propels her to fight for what’s right even when the odds are stacked against her and that was what she showed.”

homes.

Eyewitnesses alleged that the invaders came into the Piwaye through the swamps and made their way to Guto where they

NDLEA

kidnapped a man and killed a woman in her mid forties.

The kidnapped persons were alleged to be abducted from their homes in Guto, while another

person was kidnapped from Tudun-Fulani, which is incidentally is within walking distance from Bwari council secretariat

The deceased, is identified as

Madam Alice. She was said to have only visited her sick mother who stays with brother in Bwari where she unfortunately met her death.

Intercepts N7.3bn Codeine Consignments as Two Excrete 150 Cocaine Wraps in Lagos

Michael Olugbode inAbuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted 6,125 cartons of codeine syrup containing 1,050,000 bottles of the opioid worth over N7.35 billion

in street value at the Port Harcourt Ports complex, Onne, Rivers State. According to a statement issued by the spokesman of the antinarcotics agency, Femi Babafemi, the seizure was made from six containers last Saturday and was

the third of such in the past four weeks.

He noted that the success was recorded following credible intelligence and diligent tracking of the consignments from their point of departure by a special operations

unit of NDLEA, which worked in partnership with the Port Harcourt Ports Command of the agency and other security agencies including the Customs Service for a 100 percent joint examination of the targeted containers.

Nasarawa Monarch Urges Nigerians to Support President Tinubu to Succeed

Igbawase UkumbainLafia

The Etsu Karu and Chairman Karu Local Government Area Traditional Council in Nasarawa State, Luka Panya Baba, yesterday appealed to Nigerians to support the administration of President Bola

Ahmed Tinubu to succeed.

The monarch made the appeal while speaking during the 20th anniversary of his throne in Karu, the headquarters of Karu Local Government Area of Nasarawa State, noting the pride that the Tinubu government will continue

to foster on environmental growth in Nigeria.

The Etsu Karu, therefore, gave the assurance that his reign as the paramount ruler of Karu will continue to collaborate with other traditional rulers in the country towards ensuring peace and unity

of Nasarawa State and Nigeria. According to him, “For two decades, I have the privilege of serving Karu people as a leader, and together, we have achieved great things. Our journey has been guided by a commitment to fostering peace and unity among ourselves.

Gender Differentials Observed in Corrupt Behaviour in Nigeria, Says NISER

Yinka Kolawole in Osogbo

The Nigerian Institute of Social and Economic Research (NISER) has declared that while men and women have similar life experiences of corrupt behaviour in accessing service from government agencies, the

experiences for males are mostly related to bribery while that of females fall within what is described as “abuse of function.”

This was disclosed at the Institute’s Actualising Behaviour Change (ABC) series programme sponsored by MacArthur Foundation with the apt theme:

‘A Gender-lensed view into Citizens’ Lived Experiences of Corrupt Behaviour in Nigeria’, held yesterday at the institute’s hall. The presentation at the seminar was drawn from a story collection exercise from over 2,500 citizens across the nation’s six geopolitical zones.

The nationwide survey was an initial step towards understand the underlying issues, dimensions and motivations for corrupt behaviour, in order to help provide the framework for developing behavioural solutions.

Edo Guber: Lady Drivers Provide Free Bus Ride to Support Asue, Ogie

Adibe Emenyonu in Benin-city

In a clear demonstration of its support for the Peoples Democratic Party (PDP) candidate, Dr. Asue Ighodalo, and his running mate, Osarodion Ogie, in the September 21 governorship election in Edo

State, the Association of Lady Drivers has volunteered to offer free bus ride to residents of Benin-city.

According to the association, the bid is meant to alleviate the hardship faced by commuters in the city and its environ occasioned by the hike in fuel prices.

Speaking on behalf of the association at the weekend, Mrs. Teresa Itohan Uwadiae, said the gesture is a clear demonstration of the body to support the PDP team made up Ighodalo and Ogie.

Uwadiae, who conveyed passengers free of charge along major routes in the Benin metropolis, said other members of the association are doing same, adding that the duo of Asue Ighodalo and Osarodion Ogie have the capacity, ability and competence to lead the good people of Edo State.

Yusuf Vows to Report Any Judge Conniving with Drugs Peddlers to NJC

Kano State Governor, Abba Kabir Yusuf, has threatened to report judges to the National Judicial Council (NJC), found to be colluding with some drug barons, who seek legal recourse through court orders releasing confiscated illicit drugs.

Yusuf disclosed this while addressing pensioners and retirees at the Government House.

He expressed shock in the boldness exhibited by certain drug dealers, who have sought legal recourse through court orders for the release of confiscated illicit drug shipments to the state.

“This administration would

not only begin to report such court judges to the NJC, for conniving with illicit drugs barons, who infiltrate Kano with hard drugs, causing havoc to our Society especially among the youth.”

“We would not hesitate to print their names on the pages of Newspapers, to expose their underhand dealings with drug Peddlers,” he vowed.

A statement by the governor’s spokesperson, Sunusi Bature, disclosed that, “The state government is taken aback in its fights against illicit drugs proliferation in the state, by the actions of the drugs barons and their alleged Judges collaborators.

Prepare for Rainy Day, Invest in UK Property, Consultant Advises Nigerians

Michael Olugbode in Abuja

Nigerians have been asked to considering investing in property in the United Kingdom, as another way of preparing for the rainy day.

The Director, UK-based Property Consultancy Firm, Daniel Ford International, Yemi

Edun, told Nigerians that to own a property in the UK is a brilliant investment and a perfect pension plan that can match inflation anytime.

Edun who spoke at the sidelines of UK Property Roadshow holding in Abuja called on Nigerians to embrace

the opportunities offered by the Berkeley Groups to own property in the UK.

He said: “We won’t get involved in anything that will be untoward property-wise. So this is to encourage Nigerians to come buy homes in the UK. Yes, as an option!

“It is as an investment option; as a second home, and a mitigation for their currency that keeps crashing, you know.

“And you ask me who buys? We have people in inheritance money, divorce settlement, upand-coming technology people, farmers, bankers, you know.

Ahmad Sorondinki in Kano

BACKPAGE CONTINUATION

BETWEEN LOUSE AND DOUBLE LOUSE

him why his name was on the list, he said, “I have no idea.”

Also on the Nixon Enemies List was his former Interior Secretary Walter J Hickel. A small book I read in the 1970s described Hickel as “winner of the 1938 Kansas Golden Gloves boxing championship who went on to strongarm his way to a fortune in the construction industry and to political prominence as Governor of Alaska.” It also said, “In Nixon White House meetings, Hickel could be entrusted to enliven proceedings. He would laugh raucously, bang the table and proceed to lace his points with lurid profanities.” I have been trying to figure out who is his equivalent in the Tinubu cabinet. Walter Hickel however ended up in the Nixon Enemies List because, though politically conservative, he turned out to be a liberal on environmental issues and was booted out of the Administration after what he himself described as a strange meeting with Nixon, where the president described him as an “adversary.”

I have deviated. Returning to the role of Big Labour in American presidential elections, I was watching a live CNN report of the 2000AD elections, before the dimple chads in Florida issue came up and the networks couldn’t call a winner.

[Unlike here in Nigeria, it is television networks, not the INEC Chairman, that calls a winner in US elections and the losing candidate immediately phones his rival to concede.] In 2000AD though, when the networks initially called Florida for Bush and declared him winner, Al Gore phoned George Bush Junior to concede but when CNN withdrew the call shortly after, Gore called Bush and withdrew the concession.

Before all that happened, CNN’s live election commentator Bill Snyder analysed how the influence of Big Labour

enabled Democratic candidate Al Gore to win the key industrial Great Lakes states of Pennsylvania, Michigan, Illinois and Wisconsin. He then said, “Labour has delivered to Al Gore” [he paused, nodded his head three times and added], “big time!”

Two brief thoughts here. One is, I can imagine many Americans, and many other leaders and people in other parts of the world, will be appalled by the choice between Joe Biden and Donald Trump. Which one is the louse and which one is the double louse, depends on who is doing the evaluation. Within the US, polls indicate that a plurality of potential voters think Biden is the double louse, especially after his near-disastrous performance in last Thursday’s debate. A big factor in this matter is Biden’s age. In truth, the combined age of Biden and Trump, 159, puts African leaders in good light. Only last year, I saw social media posts complaining that the average age of African leaders is 80, but here come Biden, 81 and Trump, 78. Their combined age goes back to the mid-19th century, three decades before the Kano civil war, Yakin Basasa.

If many Americans think Biden is a double louse, imagine what the people of Gaza, Lebanese, Arabs, progressives, liberals, humanists, anti-imperialists and left-wingers around the world will think of him, continuing to ship arms to Israel in the midst of the worst genocide in human history since Cambodia under Pol Pot in the early 1970s. The US and NATO under President Clinton twice went to war in the Balkans to stop much lesser genocides in Bosnia Herzegovina and in Kosovo. Forget for a moment that they did not raise a finger to stop the genocide in Rwanda in 1994, but when a British Defence Secretary was asked in

CHOLERA IN HARD TIMES

the most complex challenges. However, fighting an epidemic requires addressing the social conditions that make people vulnerable. Hunger and poverty are health hazards in themselves.

Current efforts in affected areas are primarily focused on seeking medical solutions rather than a combined approach. If people continue to consume unhygienic food and water, the risk of infections increasing to epidemic proportions and disease strains becoming more resistant is high. A combination of vaccination, access to potable water, food security, improved hygiene, enhanced nutritional value, and extensive public awareness is necessary. We must combat this cholera outbreak as if it were a war. Each of us has a role to play in this fight, from maintaining personal hygiene to advocating for better public health policies.

Some states have been proactive and exemplary. Under former Governor Dave Umahi, Ebonyi maintained a high vaccination rate, and the current Governor, Francis Nwifuru, has elevated vaccination efforts. States like Akwa Ibom, Enugu, Nasarawa, Niger, and Rivers have prioritized the health of their people over petty political considerations. Jigawa State, according to UNICEF and the Federal Ministry of Health, was declared the first open defecation-free state in Nigeria. This is a plus in the fight against cholera. Lagos has been exemplary in public health education . Their efforts are inspiring and demonstrate that change is possible. The Niger Delta Development Commission (NDDC) has also intervened significantly by providing cholera vaccines for nine states, in addition to offering free medical services in rural areas.

Vaccination offers immediate protection against cholera, reducing the likelihood of outbreaks and saving lives while also complementing long-term solutions. We must address the root causes of the issue—severe poverty, hunger, and the lack of clean water in 34 of Nigeria's 36 states. These factors make people more susceptible to outbreaks like cholera. To break this cycle, we need targeted policies and initiatives to protect vulnerable populations while expanding health and

a live BBC radio program why NATO should intervene in Kosovo when it did not intervene in Rwanda, he said, “The fact that you cannot help everybody does not mean you should not help somebody.”

If so many people around the world think of Biden as the Meany-described double louse, imagine how many people think of Donald Trump in similar terms. Within the US alone there are legalists who think of him as a convicted felon; there are feminists and moralists who think of his philandering record; there are many well educated folks who are appalled by his uncouth language and methods; there are journalistic fact-checkers who found out that he told many lies last Thursday; and there are those who think of him as a 21st century Robin Hood, whose economic policies will rob the poor and give to the rich.

Mexicans, Latin Americans and illegal immigrants within the US must think of Trump’s immigration policies and his promise to build a wall on the US’ southern border and make Mexico to pay for it. If Gazans think of Biden as a double louse, they must think of Trump as a triple louse, notably because Israeli Prime Minister Benjamin Netanyahu appears to be dragging his feet on a Biden endorsed ceasefire plan in hopes that Trump will win the election in November and discard it. As for Ukrainians, who expect Trump to end all support to them and leave them to the tender mercies of Russian President Vladimir Putin, Trump must be a quadruple louse. All Europeans also fear that Trump could rip up the NATO charter and end the continent’s smug feeling of safety under the US nuclear umbrella, all of them within striking distance of Russian tactical nukes under Putin’s itchy fingers.

Iranians, Cubans, South Koreans,

Afghans, Lebanese and Black Africans all might not be fond of Joseph Biden but, with the possible exception of North Korea’s Kim Jong Un, might not be elated by Trump’s likely return to the White House.

Ok, let’s leave the Biden-Trump louses. The second issue is, here at home, instead of waiting until elections are over and then start endless rounds of negotiations with the winners over minimum wage and intermittent strikes, why won’t NLC and TUC do like American Big Labour, deliver to a certain candidate “big time” as Bill Snyder said, and wait to reap the benefits when he wins? Quite aright, there is a Labour Party [Elu Pi] in Nigeria but it is doubtful if Labour has any influence in even that. The party’s presidential candidate in the 2023 election was a right-winger, as far as anyone could deduce from his political career and his many speeches during the long campaign. Of course there are hazards in Labour playing a more active role in Nigerian election campaigns. On the other hand, Labour cannot, like clerics or traditional rulers, be morally bound to sit on the political fence because they don’t have the same role in society requiring political detachment.

Anyway, everyone and every part of the world should figure out for themselves who is the louse and who is the double louse in this American contest. In Nigeria however, Labour should think hard, between itself and government, who is the louse and who is the double louse. If any investigative journalist ever finds out that the Tinubu State House has a Nixon-style Enemies List, Joe Ajaero is likely to feature in it, just behind Atiku Abubakar, Peter Obi, Rabi’u Kwankwaso, Ayo Adebanjo and Olusegun Obasanjo.

social welfare services. It's not just about treating the symptoms but addressing the underlying issues to prevent future outbreaks. It is also time we ramp up public health education as a crucial strategy for combating cholera. Apart from educating, it empowers people to take preventive measures and change behaviours that lead to a reduction in the spread of epidemics.

Cholera has been a recurring problem in Nigeria for decades, with significant outbreaks recorded throughout the country's history, often linked to poor sanitation, lack of clean water, and displacement due to conflict or natural disasters. Given its recurrence, Nigeria should have developed better ways to prevent or mitigate its impact. We should have learned numerous lessons from previous outbreaks that would position us well to tackle this epidemic. Unfortunately, this has not been the case. The factors contributing to these outbreaks persist, and little or nothing has been

done about them.

We only react when faced with an outbreak. We implement immediate measures, and once the outbreak subsides, we revert to our old ways, neglecting the long-term actions necessary to prevent cholera outbreaks. How can many cities in Nigeria lack clean, safe pipe-borne water for public use?

Clean water is a luxury in Nigeria. The middle class can afford so-called "pure water" or bottled water that is anything but pure, given its sources and the poor hygienic conditions under which some of this "pure water" is produced. The working class and the poor still consume highly contaminated water, and many need to be educated on how to treat this contaminated water. The inevitable outcome is cholera outbreaks. Many poor Nigerians cannot afford safe water. One liter of bottled water costs about N200. For a family of six, consuming at least three liters per day, the family would spend N3,600 per

day and about N108,000 per month on drinking water alone. As of my last check, the minimum wage in this country is still N30,000, excluding the cost of cooking water and other uses. It's no surprise that there is a persistent and recurring outbreak of waterborne diseases like cholera.

Addressing cholera in Nigeria requires a multifaceted approach that addresses both immediate needs during outbreaks and the underlying causes perpetuating the disease. The government must strengthen healthcare systems to improve outbreak response and treatment capabilities, enhance water and sanitation infrastructure (especially in rural and conflictaffected areas), increase community engagement and education to promote better hygiene practices, and tackle broader socio-economic issues such as hunger, poverty, and widespread illiteracy. We must decisively win the war against cholera once and for all.

TRUTH & REASON

Monday, July 1, 2024Price: N400

MISSILE

Shehu Sani to Muhammadu Buhari

“Thesecuritychallengeswouldbeoverinthewholecountrybecausewhatwe havenowisbetterthantheonewehadduringtheBuhariadministration.Under Buhari'sadministration,wehadaseriesofattacksonschools...NorthernNigeria musttakeeducationseriously;welagineducation;wehavethehighestnumberof out-of-schoolchildrentoday"-FormerSenator,ShehuSani,saystheinsecurityunder Buhariisworsethantoday'sunderPresident Tinubu.

MAHMUDJEGA

VIEW FROM THE GALLERY

Between Louse and Double Louse

Watching clips [though not the live telecast] of last Thursday’s first presidential debate between US President Joseph Biden of the Democratic Party and his rival and predecessor in office Donald Trump, who has clinched the ticket of the Republican Party, reminded me of the legendary American labour leader George Meany. He was for three years President of the powerful American Federation of Labour [AFL] and for 24 years was President of AFL-CIO, after its merger with Congress of Industrial Organisations [CIO] in 1955. George Meany was a labour union official for 57 years from 1923 until his death in 1980. That was more than the tenures of NLC Presidents/Interim Administrators Hassan Sunmonu, Ali Ciroma, Paschal Bafyau, Ahmed Mohammed, Adams Oshiomhole, Abdulwahid Umar, Ayuba Wabba and Joe Ajero combined from 1978 to 2024.

As the 1972 American presidential race was shaping up, just like its 2024 race

is now shaping up, President Richard Nixon was virtually unchallenged in his Republican party and liberal Senator

George McGovern of South Dakota seemed set to clinch the Democratic Party’s ticket. For different reasons, George Meany was known to dislike both men. When it became clear that the choice before American voters in 1972 was going to be between Nixon and McGovern, reporters rushed to AFL-CIO headquarters and asked Meany who he will vote for.

In truth, it was more than that. In those days, Big Labour’s support was a major factor in American politics. It was a major financial contributor; it often distributed millions of leaflets and bought quality TV time for the candidates it supported, most often Democrats. Especially in the industrial states of the Midwest and Great Lakes region, Big Labour also deployed tens of thousands of Union footmen to knock at doors on Election Day and urge supporters to go out and vote. So, Meany’s support wasn’t just about his personal vote. When reporters popped the question, Meany gave the appalling choice a minute’s thought. Then, with a dark frown on his scraggy face, he

DAKUKU PETERSIDE

BENEATH THE SURFACE

said, “McGovern is a louse.” President Nixon’s campaign strategists, who were intently listening in, were briefly elated. But Meany had not finished. His face darkened even more, and with a very dark frown on his face, he added, “But Nixon is a double louse.”

That remark alone was thought to have earned Meany a pride of place in the Nixon Administration’s Enemies List. American newspapers discovered that year that the Nixon White House had compiled what became known as “The Enemies List.” A White House official said in a memo that the purpose of the list was “how to use the available Federal machinery to screw our political enemies.” It included all the top Democratic Party leaders and senators, many prominent writers and academics, left-leaning Hollywood film stars, musicians, labour leaders, journalists and even sportsmen. The notoriously apolitical football legend Joe Namath featured on the list, and when reporters rushed to him and asked

Continued on page 31

Cholera in Hard Times

Yemen, a West Asian country in the Arabian Peninsula, reported one million cases of cholera in March 2018. The world shook. At that time, Yemen was in civil war, leading to the Stockholm Agreement between feuding parties. The cholera outbreak in Yemen was linked to conflict, lack of access to clean water, extreme poverty, and the collapse of the health system. An unholy marriage of a conflict and an infectious disease outbreak can render people and health systems powerless and defenseless. Compared to Yemen, Nigeria was recovering from COVID-19 in 2021 when it experienced cholera outbreaks in 29 out of 36 states, affecting 111,062 people. Key drivers of the 2021 cholera outbreak in Nigeria were flooding, poor health facilities, lack of access to clean water, reduced hygiene, and poverty, some of which are persistent challenges in Nigeria's development equation.

As of 2023, Nigeria has reported over 60,000 suspected cholera cases, resulting in several hundred deaths. The outbreak

has affected multiple states, with the North bearing the highest burden. By mid-2024, Nigeria is still grappling with cholera outbreaks. While Nigeria is not in a civil war like Yemen and is not experiencing flooding in 29 states, the country is dealing with cholera outbreaks of alarming proportions. Following a dynamic risk assessment, the Nigeria Centre for Disease Control (NCDC) has activated its emergency center as the death toll from the recent cholera outbreak, prevalent in 31 states, reached 53 nationwide. The situation is urgent and requires immediate attention.

Cholera is a severe diarrheal disease caused by the bacterium Vibrio cholerae, which can lead to dehydration and death if not promptly treated. Nigeria has faced recurring cholera outbreaks, often exacerbated by conflicts, displacement, and natural disasters. A multitude of factors contributes to the persistence and severity of these outbreaks. Firstly, conflict and displacement exacerbate the issue. Ongoing conflicts, particularly in the Northeast region,

have displaced millions. Internally Displaced Persons (IDP) camps often lack proper sanitation facilities and clean water, creating ideal conditions for cholera to spread. Secondly, the rainy season (usually from May to October) frequently leads to flooding, contaminating water sources and increasing the risk of cholera. Floodprone areas and communities living along riverbanks are particularly vulnerable. Thirdly, while urban areas might have better healthcare infrastructure, rural communities often lack healthcare, clean water, and sanitation infrastructure. This disparity increases the disease's impact in less accessible regions. Fourthly, Nigeria's healthcare system faces significant challenges, including limited resources, inadequate infrastructure, and shortages of medical supplies and personnel. During outbreaks, these weaknesses hinder effective response and treatment.

The current cholera outbreak situation approaches emergency dimensions because the infection is spreading during an economically and socially challenging

time for the nation. Hard times and infectious diseases are a devastating combination, making people more susceptible to infections. The poorest and most deprived are the most vulnerable. The challenge of hunger, malnutrition, lack of access to potable water, inability to pay for essential food items, and dearth of healthcare facilities is real in Nigeria. Unfortunately, our governors and federal government officials are engrossed in constructing roads and bridges that only the living can use. Somehow, we are deaf to the cries of poverty and hunger all around us. We only hear the sirens of politicians and the elite . Fighting epidemics like cholera and Lassa fever is not a priority.

NCDC has been outstanding in its work. The agency has consistently demonstrated what a proactive and functional government department can achieve. We are also fortunate to have two ministers of health who have the clarity and determination to tackle

Biden