WEDNESDAY 12TH JULY 2023

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Honeywell Group Confident of Value Generation in FBN Holdings

Increases stake to 15.1%

Nseobong Okon-Ekong

Nigerian investment company, the Honeywell Group has taken a significant step towards value generation by acquiring additional shares in FBN Holdings Plc, the

parent company of Nigeria's oldest bank, First Bank.

Honeywell recently made a strategic investment in FBN Holdings through its affiliate company, Barbican Capital Limited. THISDAY on Monday, published

the contents of a letter from the Managing Director of the Honeywell Group, Mr. Obafemi Otudeko, addressed to the Chairman, FBN Holdings Plc, in which he had indicated the advantage Honeywell Group was bringing to make the

holdco more successful over time, while clearly stating its blueprint and business interests in other sectors of the economy. Through the latest intervention by Barbican, the company increased its stake to an impressive 15.1 per cent.

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TRUTH & REASON

In what analysts have termed the largest single largest transaction in 2023, Honeywell Group acquired over 4.7 billion additional shares on Thursday, July 6, 2023. In a statement from the company, it mentioned that it had, “notified Continued on page 10

FBN Holdings Plc (FBN) and regulatory authorities of the acquisition of 4,770,269,843 shares of FBN by its affiliate company, Barbican Capital Limited. This purchase is in addition

Ribadu: FG Committed to Building Capacity of Investigators to Enhance Anti-corruption War... Page 8

Abdullahi Adamu: I Supported Lawan, But Won Election for Tinubu Says

APC willing to receive Wike-led

Emmanuel Addeh in Abuja

The National Chairman of the All Progressives Congress (APC), Senator Abdullahi Adamu, yesterday said

G-5

he deserved some commendation despite working for Senator Ahmad Lawan in the run-up to the party’s presidential primaries, even if only for the fact that he (Adamu) presided

over the victory of President Bola Tinubu.

Speaking on Arise Television, THISDAY’s broadcast arm last night, Adamu stated that the rumoured

differences between himself and the president were unfounded, pointing out that before the emergence of Tinubu he had the right to support whoever he wanted.

He stated that he was also misrepresented about his position on the recently elected principal officers of the national assembly, saying that what the APC had

lawmakers.

Tinubu: Festering Reprisal Attacks in Plateau, Benue Depressing, Avoidable

Orders security agencies to fish out perpetrators of recent killings Says suspects must face full wrath of law Wants cycle of violence dismantled House asks IG, NSA to declare national emergency Benue governor proposes amnesty for repentant criminals

See story on page 10

Traditional ruler narrates gruesome killing of 30 people Enugu, Kaduna governors seek military assistance to tackle insecurity

Wednesday 12 July, 2023 Vol 28. No 10318. Price: N250
Kyari: NNPC May Divest Selected Assets, Exit Production Sharing Agreements... Page 5 GROUNDBREAKING CEREMONY OF 30MW EMBEDDED INDEPENDENT POWER PLANT... L-R: Director ARM Harith, Jobalo Oshinkanlu; Jide Onakoya - COO, Elektron Energy, Tinuade Sanda - MD/CEO, Eko Disco, Dere Awosika - Chairman, Med In Pharmaceutical, Dere Otubu -Chairman Eko Disco, Shola ShasorePermanent Secretary, Lagos State Ministry of Energy and Mineral Resources, Tola Talabi - MD, Elektron Energy, Tariye Gbadegesin - MD, ARM Harith, Tein George - Director, WPG, Bolaji Osunsanya - MD, Axxela, Deen Solebo - CFO, Elektron Energy, KS Narasimha - Senior Business Development Manager, Wartsila, at the groundbreaking ceremony of the 30mw embedded independent power plant powered by Eko Disco and Elektron Energy. Continued on page 10 issues with was the manner the communication was handled by the
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HOUSE LEADERSHIP VISITS SHETTIMA...

L-R: Chief Whip, House of Representative, Honourable Bello Kumo; Deputy Speaker, House of Representative, Benjamin Kalu; Vice President Kashim Shettima; Speaker, House of Representatives, Tajudeen Abbas and Deputy Chief Whip, Adewumi Onanuga, during the courtesy visit by the house’s leadership to the Presidential Villa,

Kyari: NNPC May Divest Selected Assets, Exit Production Sharing Agreements

Says national oil firm to announce IPO launch soon Producers call for speedy closure of ongoing IOCs' divestments OPEC insists calls to halt fossils funding will be devastating to Nigeria, others

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday disclosed that going forward, the national oil company may soon begin the divestment of some of its assets to its competitors in the oil and gas industry.

Kyari, who was speaking against the backdrop of recent accusations that the NNPC was in the habit

of blocking some operators from successfully completing assets divestments, explained that if the need arises, the NNPC will exit its current Petroleum Sharing Contracts (PSC) arrangements with some operators and source for funding under Incorporated Joint Venture (IJV) arrangement. He made the comments at the ongoing Nigerian Oil and Gas Energy (NOG) Week in Abuja, with the theme: "Powering Nigeria's Sustainable Energy Future".

The GCEO who reiterated that the oil firm would soon achieve its aim of going public with its planned Initial Public Offer (IPO), clarified that with the Petroleum Industry (Act), the NNPC no longer enjoys any undue advantage and would henceforth operate like other commercially-oriented companies in the sector.

According to the NNPC chief executive, because the national oil firm no longer makes the rules or gets any assistance from the government,

S&P Global Sees Positive Economic Signs in Nigeria, Kenya

Emmanuel Addeh in Abuja

Nigeria and Kenya have both had positive economic policy developments in the last couple of months, one of S&P Global's top sovereign rating analysts said yesterday, adding that South Africa was a slow-moving story of steadily rising debt to GDP.

Nigeria is a country that S&P is now "watching closely" Frank Gill, one of the ratings agency's top sovereign analysts said at the firm's emerging market conference in London.

"It's on a negative outlook, but we are seeing some positive signs there," he said, highlighting the government's recent cuts to fuel subsidies and moves to drastically simplify and unify the country's various foreign exchange rates, Reuters reported.

In February, S&P had affirmed Nigeria's credit rating at "B-/B" but changed its outlook to "negative"akin to a downgrade warning - citing increasing risks over debt servicing capacity for the one-to-two years.

Reuters said Gill did not elaborate whether S&P was looking to revise its outlook in its next review of Nigeria on August 4.

President Bola Tinubu’s decision to withdraw Nigeria’s costly petrol subsidy and see the operation of a single window in the foreign exchange market have recently drawn international acclaim.

Gill also noted positive develop-

ments in Kenya, where the government had been able to pre-finance a redemption due in 2024 through a syndicated loan and money from multilateral institutions. "We don't think Kenya is going to restructure their debt," he said.

Asked whether South Africa was likely to be downgraded in the next 12 months, Gill said: "I don't think it's a fast-moving credit

story". He added, however, "We are projecting that debt to GDP continues to climb, so there are long-term concerns".

In March, S&P downgraded its outlook on South Africa to "stable" from "positive", citing infrastructure constraints and a severe power crisis, though it confirmed the country's 'BB-/B' foreign currency sovereign credit rating.

Agora Policy: Why

as well as business for us.”

it is now just acting as an agent of government which will always get paid for its services. He reasoned that with the new law guiding the industry, the NNPC is now well positioned to operate as a world-class profit-driven entity that would ensure payment of taxes, royalties as well as dividends to the government and shareholders.

"I can tell you we are a competition. We are NNPC limited. We don't create rules anymore. We are regulated. We are the competition. We will pay taxes, will pay royalties, like any one of you here; we will also pay dividend to our shareholders which includes many of you in this hall.

"So we are in business as a competition, we are private sector. Forget about the fact that we are owned today by government 100 per cent. And by the way, you are also aware that we're doing our Initial Public Offer (IPO) very soon," he assured.

The GCEO who delivered his keynote address on: ‘’Redefining Nigeria’s Energy Landscape for a Sustainable Energy Future’’, said that what had held NNPC back in the past wasn’t lack of trying, but the operating environment

without a clear enabling fiscal and legal environment.

He reiterated the key initiatives currently in the works for to expand gas infrastructure and deliver gas across West Africa and potentially, Europe as well as the expansion of liquefaction capacity of NLNG and ramp up access to domestic gas use.

He added that strategic decisions like subsidy removal have already paved the way for positive change in the sector, while freeing up capital for powering the sustainable supply of energy.

He said: “Are we positioned to facilitate business? Yes, but our partnership produced over 80 percent of the oil and gas in the country, either directly or through our off stream company or through our partnership

“I’m in a position to facilitate business. On the PSC today, we are just agents of the state, trying to make sure we deliver value to them and then they will pay… “I’m sure you appreciate this new relationship. The PSCs are not on the balance sheet on the NNPC. We Make sure you do your work because when you do, we are compensated 40 per cent of your profit oil, so it’s important for us

Disclosing the intention of the NNPC to sell some of its oil and gas assets to willing buyers among its competitors in the industry, Kyari explained: "We will sell part of our equity, it's in the law, and once that happens, we will not be any different from another company. So, it will be a very different business environment,” stressing that currently its partnerships produce over 80 per cent of the oil and gas in the country.

In an audio-visual message relayed at the event, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais assured Nigeria of maximum support and collaboration from the oil producers’ group.

Al Ghais said he and his team at OPEC were looking forward to working closely with President Bola Tinubu and the entire oil industry. Stressing that fossil fuels were not disappearing soon, he reiterated that the global primary energy demand is forecast to increase by a significant 23 per cent up to 2045, stressing that that meant all forms of energy would be needed including solar, nuclear, wind, and waste to energy power.

CBN Must Tame Inflation, Review Its Monetary Policy

Calls for strengthening of apex bank’s MPC

Policy, an Abuja-based thinktank, has urged the Central Bank of Nigeria (CBN) to take cognisance of the scale of the current inflation challenge in the country with a view to getting it under control.

The Waziri Adio-led organisation which is backed by the MacArthur Foundation, argued that as long as inflation remains high, every other objective, in the quest for exchange rate stability or Nigeria’s agenda for increased cheap lending to small businesses, will be much more difficult to achieve.

The think-tank called on the CBN to remember that its primary monetary policy objective is to keep inflation in check, explaining that

given that inflation is currently much higher than ideal, the direction of monetary policy has to be to tighten or reduce the growth of money supply.

It noted that this also means that interest rates will likely have to go up at least to the point where “real” interest rates are no longer negative, but maybe even higher.

However, the group stated that these actions to reduce the growth of money supply and increase interest rates are likely to be complicated by all the underhand administrative measures which were put in place to force rates down or to limit money supply growth through the back door.

“For example, the many adminis- trative measures have meant that the monetary policy rate has recently no longer influenced interest rates either

for government securities or at the banks, making the monetary policy committee effectively meaningless.

“The unwinding of the ad-hoc Cash Reserve Ratio (CRR) policy, which means money refunded to banks, will also have unintended effects if not managed. The CBN will need to unwind most of these ad-hoc measures.

“Given the misdirection by the CBN over the last few years, there may a tendency for the government to want to take closer control of monetary policy. This will likely be counterproductive as it has been demonstrated here in Nigeria and in other countries where governments tend to want to use monetary policy for other non-inflation objectives,” it added.

A better way forward, it maintained , would be to strengthen the monetary policy committee and place limits on CBN’s actions that fall beyond the scope of its regular monetary policy actions.

It explained that one option here would be to increase the number of independent members of the committee (currently only four out of 12) and/or reduce the members from the CBN and other government agencies.

For instance, Agora Policy argued that there is no real reason why the deputy governor for corporate services, a largely administrative role, should be voting on monetary policy.

It also called for increased oversight, to ensure that the CBN actually implements the decisions of the monetary

policy committee, which would also help strengthen the credibility of the apex bank.

The organisation pointed out that the direct sources of expansion in money supply witnessed over the past decade, specifically the ways and means financing of the government and the myriad of intervention funds will have to stop.

Conversely , it held that if the practice continues, it would be equivalent to removing the plug to drain liquid from the bathtub while at the same time turning on the taps. However , it noted that not everything is within the purview of central banks, especially supply shocks, which are beyond the remit of central banks and are known also to drive up inflation.

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Emmanuel Addeh in Abuja Agora Abuja….yesterday PHOTO: GODWIN OMOIGUI
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Group News Editor: Goddy Egene

OPENING CEREMONY OF OMITUNTUN GOLF TOURNAMENT...

Senate Probes Oil Subsidy Payments, Under-recovery Under Buhari’s Govt

Kicks against N9.3tn spent in 30 months Demands construction of three new refineries

Sunday Aborisade in Abuja

The Senate has resolved to probe payments made as oil subsidy and under-recovery by former President Muhammadu Buhari's government.

The red chamber described as unacceptable, the N9.3 trillion which the Buhari's administration claimed it expended on the subsidy regime from January 2021 to May 29, 2023.

The Upper Legislative Chamber urged the President Bola Tinubu's administration to establish three functional refineries for local production and distribution of refined oil.

The chamber said doing so would reduce the pump price of petrol from the current N540 per litre to between N300 to N250 per litre.

It also appealed to the federal government to pay living wages to workers as a way of cushioning the effects of the subsidy removal.

The Senate's resolutions followed a motion sponsored by Senator Chiwuba Ndubueze, an All Progressives Congress member, who is representing Imo North Senatorial District.

Ndubueze's motion was titled, "Need to Investigate the controversial Huge Expenditure on Premium Motor Spirit (PMS) under the subsidy/under-recovery regime by the Nigerian National Petroleum Company Limited (NNPCL)."

He said step taken by Tinubu on subsidy withdrawal on May 29, was commendable, but insisted that the

subsidy regime must be investigated.

He specifically said the federal government within 10 years (2006 - 2015), spent N170 billion as under recovery through the NNPCL.

He, however, wondered how the Buhari's government could spend N843.121 billion on under-recovery between January 2018 and January

2019.

The Senator said, "Very worrisome is the expenses made on subsidy/ under-recovery by NNPCL during the period under review, particularly from January 2021 to June 2023, when it claimed it spent N9.3 trillion.

"The money as shown by available records shows that in 2021, N1.42

trillion was expended; in 2022, it was N4.3 trillion and in the first six months of 2023, N3.6 trillion was spent, totalling, N9.3 trillion."

Majority of the senators in their various contributions during the debate on the motion, frowned at bogus expenses made on the subsidy regime by NNPCL and supported

all the prayers sought by the Senator in the motion.

The Senate President, Godswill Akpabio, accordingly resolved that its standing committees on Petroleum ( Downstream ) , Petroleum ( Upstream ) and Finance, when constituted, should carry out an holistic investigation into all the

controversies surrounding subsidy and the under-recovery regime . It also urged the NNPCL in conjunction with some major international oil companies (IOCs) in Nigeria, to form three different consortium and build three refineries for stabilisation of oil market and the nation's economy generally.

CBN Urges Practitioners to Adapt to Emerging Risk

Halt addition of social media handles to KYC requirements, lawmakers tell apex bank

To probe excess charges, illegal deductions by banks

Nume Ekeghe in Lagos and Juliet Akoje in

The Director, Risk Management at the Central Bank of Nigeria (CBN), Dr. Blaise Ijebor has urged risk managers and practitioners to keep up with trends that would pose as risks to their organisation.

Ijebor, gave this charge during the 2023 Certified Risk Manager (CRM) Induction which saw 80 professionals inducted in Lagos, yesterday.

Ijebor's message to the new inductees emphasised the importance of certain qualities and actions.

He urged them to stay agile and adaptable, ready to respond to the dynamic nature of their work.

He encouraged them to be brave, taking on challenges and seizing opportunities.

Ijebor identified several implications for risk management, which included the rise of interconnected systems, the creation of value from data, the weaponisation of information, shifts in the cybersecurity risk landscape, and regulatory changes.

He said: “People complain about the changing regulations in the industry but this is necessary because we the regulators contend

NDLEA in Nationwide Clampdown on Illegal Sale, Use of ‘Laughing Gas’

Michael Olugbode in Abuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) have been ordered by the Chairman/Chief Executive Officer of the anti-narcotics agency, Brig. Gen. Buba Marwa (Retd) to begin an immediate clampdown on illegal sale and use of nitrous oxide, otherwise known as laughing gas which is now being abused by people who use it for recreational purposes.

The spokesman of the agency, Femi Babafemi, in a statement yesterday, explained that nitrous oxide is a colourless gas that is commonly used for sedation and pain relief, more often by dentists and medical professionals to sedate patients undergoing minor medical

procedures. He said it is popularly called laughing gas or N20, and fast emerging as a drug in demand in Nigeria by young party-goers or fun-seekers to feel intoxicated or high.

Babafemi further explained that the gas was often transferred from its containers into balloons, from where it is inhaled for euphoric effects.

According to the statement, the decision to clampdown on those involved in illegal sale and use of nitrous oxide, follows analysis of the effects on those who abuse the substance, which include: dizziness; disorientation, headache; light headedness; fainting spells; hallucinations; falling unconscious and/or suffocating from lack of

oxygen; and other neurological complications especially psychiatric symptoms.

The agency said pending when other measures are taken in consultation with other stakeholders especially the Federal Ministry of Health, to curb the menace, it would not hesitate to wield the big stick against anyone, no matter their social status, involved in illegal sale or use of nitrous oxide in the overall interest of public health.

“Parents, guardians and other stakeholders are advised to be vigilant, alert and warn their young ones against attempting experimenting or abusing the substance, which poses threats to their mental and overall wellbeing,” the statement added.

with new technologies which we have to manage efficiently so that these new technologies do not cause harm in the digital economy.

“Cyber-crime is no longer about money these days. The criminals are now playing a long-term game of boosting their CV and so with each passing day, the cyber-crime racket grows bigger. So risk managers have to adopt new technologies and also adopt management risks as well.”

Earlier in his opening remark, the President, and Chairman of the CRMI Council, Prof. Ezekiel Oseni, while charging the inductees to be well equipped in the field and be the solution that helps to find ways out of business obstacles without compromising their profession, said CRMI was the only chartered risk management institute in Nigeria established by the National Acts of Parliament.

“I will use this opportunity to say that CRMI is the only Chartered risk management Institute in Nigeria established by the National Acts of Parliament. We therefore advise eminent individuals, personalities and members of the public to be aware of institutions not chartered by the Act of National Assembly that are going about as Chartered risk management institutes and conferring fellowship status on people.

“We also want to extend our hands of fellowship to risk management groups and associations that may want to partner with CRMI,” he noted.

Oseni called on the federal government as well as other levels of government to introduce risk

management functions in the MDA and other arms of government.

“Effective risk management in governance across the three tiers of government will assist in efficient allocation and utilisation of limited economic resources across the sectors and projects. By embracing effective risk management practices, Nigeria can safeguard its economic stability, attract foreign and domestic investments and foster sustainable growth across all sectors,” he said.

In his special remark, the President, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Ken Opara, said the collaboration between the CIBN and CRM had produced 196 CRMs in the last eight years to effectively address current and emerging risk management issues.

Opara, noted that the induction came at a time the financial landscape was evolving.

He said, “As we celebrate the benefit of digitisation, we must be mindful of cyber security threats. The role of risk managers has therefore become even more crucial in safe-guarding the integrity, security and resilience of our profession. Hence, we must constantly adapt in this digital era and enhance our management practices.”

Meanwhile, the House of Representatives yesterday urged the CBN to halt addition of social media handle on "Know Your Customer (KYC) requirements" in Nigeria.

The House also mandated its Committee on Banking and Currency (when constituted) to investigate the matter and report back within three weeks for further legislative action.

The resolutions followed the

adoption of a motion sponsored by Hon. O. K. Chinda, Hon. Laori B. Kwamati, Hon. Kelechi Nwogu, Hon. Ginger Onwusibe, Hon. Mark Essiet, Hon. Abdulsamad Dasuki, Hon. Victor Ogbuzor, Hon. Blessing Amadi and Hon. Fred Agbedi.

Presenting the motion, Nwogu recalled that the recent directive by the central bank to commercial banks on the addition of social media handles on KYC requirements, thus making it mandatory for commercial banks to comply.

He, however, noted that, “obtaining the additional information, would be useful to financial institutions in accessing customers’ online presence and activities, thus enabling better assessment of potential risks associated with money laundering, terrorism financing and proliferation financing."

Nwogu said, "as laudable as this directive may appear, may be unnecessary as it is likely to bear pressure on teeming Nigerian masses at trying period. Cognisant of the fact that this directive by the CBN is in conflict with the provision of Section 37 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) on the right to privacy of citizens.

"Also cognisant of the fact that banks in the country already have the names, telephone numbers, passport photographs, emails, National Identification Number (NIN), Biometric Verification Number (BVN), utility bills and other basic requirements with which to identify, know and monitor customers.

6 WEDNESDAY, THISDAY NEWS Continues online
Abuja L-R: Member, Organising Committee of Omituntun 2.0 Golf Tournament, Mr Bamidele Adeleke; Branch Manager, Unity Bank, Odutola Branch, Ibadan, Mr Abioye Akanbi; Acting Head, Digital, Events and Sponsorships, Unity Bank, Ms Femisola Ajayi; Governor of Oyo State, Seyi Makinde; Regional Manager, South West 2, Unity Bank, Mrs Adenike Abimbola; Captain, Ibadan Golf Club, Tunji Oladosu; and House and Bar Officer, Ibadan Golf Club, Busayo Aluko, during the opening ceremony of Omituntun Golf Tournament supported by Unity Bank in Ibadan ... recently
WEDNESDAY JULY 12, 2023 • THISDAY 7

SOUVENIR FOR UN UNDER-SECRETARY...

SOUVENIR FOR MALA LA YOUSAFZAI...

Ribadu: FG Committed to Building Capacity of Investigators to Enhance Anti-corruption War

Says Tinubu determined to fight corruption HEDA expresses doubts in govt’s ability to fight corruption Corruption: ICPC doubts attainment of MDGs by developing nations

The National Security Adviser (NSA), Mallam Nuhu Ribadu, has expressed the desire of the federal government to build the capacity of investigators in order to enhance the war against corruption.

Ribadu, who was represented by the Special Adviser in the legal department, Anthony Oluborode, disclosed this yesterday, at a two-day

National Conference on Anticorruption organised by Human and Environmental Development Agenda (HEDA).

Ribadu, who also spoke at a High-Level Seminar to commemorate the African Anti-Corruption Day 2023, with the theme, “African Union Convention on Preventing and Combatting Corruption (AUCPCC), 20 Years After: Achievements and Prospects,” in Abuja, organised by Centre for Democracy and

EFCC decries high rate of youth involvement in crimes

Development (CDD) in collaboration with the Inter-Agency Task Team (Anti-Corruption Agencies), the United Nations Office on Crime and Drugs (UNODC) and MacArthur Foundation, also assured Nigerians of President Bola Tinubu’s ability to fight corruption.

He said the government would continue to work on reforming the civil service to fight corruption, reduce bureaucracy, decreasing inefficiency and waste.

According to him, a cap would be placed on fiscal expenditure for the construction of government buildings and on salaries related compensation and packages of elected officials.

He said such expenditure would have, “low priority in our administration and that will be transparent, that's the promise.”

Ribadu added that hard working members of the civil services would be commended for their public

NAFDAC Flags Off Campaign against Drug Hawking, Ripening of Fruits with Carbide

Agency waging social war, says Jimo

Onyebuchi Ezigbo in Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) yesterday, said it has commenced a nationwide crackdown on hawkers of drugs, medicine and those engaged in ripening of fruits with calcium carbide.

The agency described the action of distributors and suppliers of narcotic medicines to criminal networks such as armed bandits, insurgents, kidnappers and armed robbers.

Speaking at the opening of media sensitisation workshop on ‘Dangers of Drug Hawking and Ripening of Fruits with Carbide,’ the Director General of NAFDAC, Adeyeye warned that henceforth anyone arrested for hawking of drugs would be prosecuted and jailed if found guilty.

She said NAFDAC enforcement teams across the country have been directed to move to the field to carry out surveillance and arrests of offenders.

She said NAFDAC has also commissioned a scientific research on possible ways of mitigating the health hazards of consuming fruits ripened with carbide.

"There have been clarion calls by well-meaning Nigerians on the need to take stringent regulatory actions to stem the dangerous tide of drug hawking and ripening of fruits with calcium carbide, she said.

She said there had been concerns

on the looming danger and health implication of the two nefarious activities by certain unpatriotic and unscrupulous citizens in the country.

According to NAFDAC DG, the agency had been conducting post-marketing surveillance on drugs and on-the-spot enforcement activities especially at various flash points.

She also said NAFDAC had taken decisive steps such as the sensitisation of the public through different media outlets, enforcement through intelligence and raids in fruit markets that have resulted in seizures and destruction of products.

According to Adeyeye, the flag – off of the sensitisation workshop yesterday, was a fulfilment of the agency's promise to sustain and strengthen NAFDAC’s existing collaboration with Association of Health Journalists in Nigeria towards mobilising, educating, sensitising, and conscientise the media to continue to play frontline role to eradicate the menace of drug hawking and ripening of fruits with calcium carbide in Nigeria.

On the health hazard posed by artificial ripening of fruits, Adeyeye said calcium carbide was alkaline in nature and erodes the mucosal tissue in the abdominal region and disrupts intestinal functions.

She said consuming such artificially ripened fruits could result in, "sleeping disorders, mouth ulcers, skin rashes, kidney problems and possibly even cancer."

Other symptoms of poisoning

according her, include diarrhoea (with or without blood), burning or tingling sensation in abdomen and chest difficulty in swallowing, irritation in eyes/skin, sore throat and cough, shortness in breathing, numbness.

While explaining the form of the illicit acts, Adeyeye said: "Many drug hawkers are knowingly or unknowingly merchants of death who expose essential and life-saving medicines to the vagaries of inclement weather which degrade the active

ingredients of the medicine and turn them to poisons thus endangering human lives.

She further explained that artificially ripened fruits are less juicy than when ripened naturally and have comparatively shorter shelf life.

The DG said the menace of drug hawking poses serious challenge to Healthcare Delivery System in the country hence NAFDAC’s resolve to totally eradicate the illicit trade.

service and also protected.

He added: "However, we will continue the process of weeding out ghost workers as well as ghost projects expenditures from the system.

“The government will adhere strictly to the principle that public funds are only to be spent on the public good and shall strive earnestly to reduce the cost of government."

Ribadu, stressed that the federal government would focus on accountability, saying authority and discretion without accountability creates a door that could lead to corruption.

His words: "There is a need to build the capacity of investigators to enhance the use of world class flexible, tried and tested templates, which the government is committed to."

Speaking, the Chairman of HEDA, Olarenwaju Suraju decried what he described as the lack of direction of the current administration as regards the war against corruption.

He said at the moment, there was no reason to believe that there was going to be any serious fight against corruption.

Suraju, expressed concern that both the media and the civil society organisations did not put the Senate President, Senator Godswill Akpabio on the spot for alleged corruption cases against him when he was vying for the position he presently

occupies.

He said: "I must confess that we should have put the Senate President on the spotlight. He's not only being investigated for his term as governor in Akwa Ibom but also as Minister of Niger Delta.

"These are very critical issues. This was the person that was invited by the Economic and Financial Crimes Commission (EFCC) and refused to honour the invitation, claiming that he was sick, only to be junketeering around, campaigning to be Senate President and eventually emerge as the Senate President."

The chairman stated categorically that this left a sour taste in the mouth of both President Bola Tinubu and for this government.

Suraju, said following the removal of the EFCC Chairman, Abdulrasheed Bawa, no action had been taken to tell Nigeria what the agenda of this government was in the fight against corruption.

He added: "If we want to go by what has been happening so far in terms of the fight against corruption, we can't actually for now, say that we have any good reason to believe that there's going to be any serious fight against corruption."

He said that was what prompted HEDA to invite the NSA considering the fact that corruption was also at the center of insecurity in the country.

Ex-VP Osinbajo Appointed Global Advisor for Energy Alliance

Emmanuel Addeh in Abuja

Former Vice President of Nigeria, Prof Yemi Osinbajo (SAN) has been appointed by the Global Energy Alliance for People and Planet (GEAPP) as its global advisor to assist the organisation’s mission of accelerating clean energy deployment in developing countries.

In a statement yesterday, the alliance said that Nigeria’s former number two man will support GEAPP’s partnership with governments to enhance the enabling environment and delivery effectiveness to unlock faster and greater capital flows into the clean energy sector.

“He will also continue his activity as a leading advocate for ‘Just Energy Transitions in Africa’, including scaling up Africa’s share of the global carbon

market via the Africa Carbon Markets Initiative (ACMI), the group added. GEAPP is an alliance of philanthropy, governments in emerging and developed economies, and technology, policy, and financing partners.

Its common mission is to enable emerging economies to shift to a clean energy, pro-growth model that accelerates universal energy access and inclusive economic growth, while supporting the global community to meet critical climate goals during the next decade.

The group aims to reduce 4 gigatons of future carbon emissions, expand clean energy access to one billion people, and enable 150 million new jobs in partnership with IKEA Foundation, The Rockefeller Foundation, and Bezos Earth Fund. The GEAPP also recalled that in

May, Osinbajo was also confirmed as lead for the Commonwealth general election observers in Sierra Leone.

Prior to joining GEAPP, Osinbajo, it said, served for eight years as Vice President of the Federal Republic of Nigeria and previously as Attorney General and Commissioner of Justice for Lagos State.

An accomplished lawyer, Osinbajo, it said, holds the distinguished title of Senior Advocate of Nigeria. During his time in public service, Prof. Osinbajo, it added, pioneered several people-centred initiatives and programmes, including addressing access to justice, energy access and social investments.

It added that the former vice president is one of Nigeria’s leading legal experts and has served as Professor of Law and head of department at

the University of Lagos.

The alliance stated that the appointment underlines GEAPP’s commitment to partnering with governments and communities across Africa, Asia, Latin America and the Caribbean to transition to clean energy systems that are driving economic growth, generating jobs and sustainable livelihoods, and helping to meet urgent climate goals during the next decade.

It quoted Osinbajo while accepting the appointment as having said: “I am honoured by the opportunity to join this movement for green energy access. GEAPP’s collaborative model, sense of urgency, and focus on unlocking systemic change is well aligned with the ambitions of emerging economies as they seek a greener future for their citizens. GEAPP’s vision for change is ambitious.

8 WEDNESDAY, THISDAY NEWS Continues online Continues online
Governor Babagana Umara Zulum presenting a souvenir to Deputy Secretary General of the United Nations, Amina Mohammed during her visit to the Government House in Maiduguri, Borno State... yesterday. Governor Babagana Umara Zulum presenting a souvenir to United Nation’s Peace Ambassador, Malala Yousafzai during her visit alongside Deputy Secretary General of the United Nations, Amina Mohammed, to the Government House in Maiduguri, Borno State... yesterday.
WEDNESDAY JULY 12, 2023 • THISDAY 9

Sanwo-Olu Lauds EKEDC over $50m Embedded Gas-fired Power Plant Project

Peter Uzoho and Oluchi Chibuzor

Lagos State Governor, Babajide Sanwo-Olu has commended Eko Electricity Distribution Company (EKEDC) and its partner, Elektron Energy for embarking on a 30-megawatts (MW) embedded natural gas-fired power plant in the state worth $50 million.

The Independent Power Plant (IPP), which is planned to supply uninterruptible electricity through dedicated 33kV and 11kV distribution networks exclusively to identified customers, is expected to serve businesses and residents in Victoria Island with improved electricity when completed.

The governor also appreciated

the collaborative possibility exhibited by local financiers in supporting the project with necessary liquidity, seen by stakeholders as a model template in bridging the power generation gap in the country.

Sanwo-Olu, spoke yesterday in Lagos, at the ground-breaking ceremony of the project christened the Victoria Island Power Limited 30MW Embedded Independent Power Plant, which is a collaborative effort of Elektron and Eko Disco.

The governor, who was represented by the Permanent Secretary, Lagos State Ministry of Energy and Mineral Resources, Shola Shasore, called for more private sector-led initiatives to embrace the model deployed by VI Power.

He acknowledged that while the government could only create policies and provide an enabling environment, the private sector remains the only solution to solving the country's power challenges through collaborative efforts as the power plant.

“We understand that reliable, steady power builds commerce, commerce builds capital and capital brings industrialisation and industrialisation brings employment to our youths, which is our area of interest.

“We are available to whoever is interested in bringing power to the state because we have to do everything we really need to do for Lagos to have power as the

economic hub of the country.

“We are in very interesting times with the New Electricity Act and it can be very good times for us if we are very collaborative. We believe that it is the private sector that would drive this achievement for us," the governor said.

In his remarks, the Chairman of EKEDC, Oritsedere Otubu, said the need to deliver optimal power supply to Lagosians sparked the conversations on the project as far back as 2015, when Eko Disco pioneered the discussions on embedded generation.

He explained that inextricably linked with the project was the gap in generation which had been a lingering issue impacting service delivery in the power value chain,

particularly, the ability of Discos to meet with its service-level commitment to customers.

Otubu, stressed that currently, the industry still records about 4,000MW as its peak generation, which had been shown by studies that the same was not enough to service Lagos State estimated as having a population of over 27 million people.

“And with an increased capacity, there is the incentive to surpass the demand soon. Beyond any doubt, the gains which this project presents are humongous.

“Not only for the communities and stakeholders, but also the gains this project presents equally extends to the partners", he said.

The chairman added that with a

TINUBU: FESTERING REPRISAL ATTACKS IN PLATEAU, BENUE DEPRESSING, AVOIDABLE

Multi-Year Tariff Order (MYTO) load allocation of 513MW, an addition of 30MW, edges Eko Disco towards meeting its demand requirement to its customers.

He maintained that the power plant would employ cutting-edge technologies, ensuring efficiency, reliability, and reduced environmental impact, adding that the power generated at the facility would not only meet the Disco's current energy demands but also anticipate and accommodate the future needs of Lagosians.

“As the construction progresses, we will create employment for local workers, stimulate local businesses, and foster a spirit of empowerment and inclusivity," he noted.

Deji

Elumoye,

Juliet Akoje in Abuja and George Okoh in Makurdi

President Bola Tinubu, yesterday, described the reprisal attacks in the wake of recent communal clashes in Plateau and Benue states as depressing, needless, and avoidable. Tinubu directed the security agencies to bring to book the perpetrators of the killings in Mangu Local Government Area of Plateau State and parts of Benue State, insisting that the suspects must face the full weight of the law.

While reaffirming his government's strong determination to stamp out violent crimes and all forms of criminality everywhere in Nigeria, Tinubu said the cycle of violence must be dismantled in the country.

The president’s pronouncements came as the House of Representatives mandated the Inspector General of Police, Kayode Egbetokun (IGP), and National Security Adviser (NSA), Nuhu Ribadu, to investigate the recent killings in Plateau State and ensure culprits were brought to book. The House also mandated the military taskforce in the area, Operation Safe Heaven, to identify and evacuate all cells of bandits within the state.

In Benue State, the governor, Rev. Fr. Hyacinth Alia, reiterated his administration's readiness to grant amnesty to repented criminals. Alia voiced his displeasure over the recent killings in the Akpuuna area of Ukum Local Government Area of the state.

At the same time, the district head of Akpuuna, Tyoor John Kungwa, where gunmen reportedly

killed about 30 people last weekend, said the attackers massacred his people as a way of intimidating them into submission.

Meanwhile, the governor of Enugu State, Peter Mbah, and his Kaduna State counterpart, Uba Sani, sought the assistance of the military to tackle spiraling insecurity in their two states.

Tinubu, in a statement by his Special Adviser on Special Duties, Communications and Strategy, Mr. Dele Alake, said he found very depressing the festering reprisal attacks, and needless and avoidable bloodletting among communities in Plateau and Benue states. He charged the governments of Plateau and Benue states and emergency response agencies to provide support and immediate relief to victims, who had been displaced as a result of the conflicts.

The president expressed sadness over the latest round of violence and killings in Plateau State. He condemned in strong terms the most recent internecine killings in Mangu Local Government Area of Plateau State and parts of Benue State.

Tinubu said in the statement, "It is most unfortunate that in this orgy of violence, an innocent eightmonth-old baby in Farin Lamba community of Vwang District, Jos South Local Government, died in a conflict she knew nothing about.

"A major consequence of perennial conflict is always the tragic loss of innocent lives. To build virile, peaceful and prosperous communities demand tolerance and forgiveness for every perceived wrongdoing."

To rebuild trust and restore harmony to these conflict areas, the president urged community leaders, religious leaders, traditional rulers, socio-cultural organisations, as well as the leadership of Arewa Consultative Forum (ACF), Jama'atu Nasril Islam, and Christian Association of Nigeria (CAN) to work together to help foster genuine and long-lasting peace.

House Asks IG, NSA to Declare National Emergency

The House of Representatives, yesterday, mandated the Inspector General of Police (IGP), Kayode Egbetokun, to investigate and ensure culprits responsible for the recent killings in Plateau State were brought to book. The House also mandated Operation Safe Heaven to identify and evacuate all cells of bandits within the state.

The lower chamber urged the National Security Adviser (NSA), Malam Nuhu Ribadu, to declare the killings as a national emergency.

These resolutions followed the adoption a motion of urgent national importance by Hon. Dachung Bagos, during plenary yesterday.

Bagos, while moving the motion, noted that the recent attacks in some local government areas of Plateau and some communities within his constituency had lingered for some months with damage to crops and farmlands.

Bagos stated, "Chapter IV Of the 1999 Constitution (as amended) of the Federal Republic of Nigeria guarantees the right to life, dignity of person and property of all citizen as well as security and safety.

HONEYWELL GROUP CONFIDENT OF VALUE GENERATION IN FBN HOLDINGS

to previously disclosed interests by HGL’s affiliates.”

Sources have now confirmed that the 50-year-old company has purchased shares worth over N105 billion as at today.

This was done through negotiated deals.

FBNH’s Company Secretary, Adewale L.O Arogundade, has since confirmed Honeywell Group’s purchase of the 4.7 billion units of shares in a notification to the NGX.

The letter had stated: “This is to inform the public and our stakeholders that the company received a notification dated July 7, 2023, from Honeywell Group Limited that its affiliate, Barbican Capital Limited, has acquired an aggregate of 4,770,269,843 units of shares from the company’s issued share capital of 35,895,292,791, as at the above referenced date.”

Barbican Capital Limited owned by Obafemi Otudeko, the Managing Director of Honeywell Group, and Foluke Oyeleye, has also been confirmed as the company behind the purchase.

The Managing Director, HGL in a letter to the Chairman of FBNH, published by THISDAY on July 10, 2023, stated that: “Honeywell Group Limited (HGL) is a dedicated long-term investor committed to investing in great businesses with immense growth potential. Our approach involves working closely with stakeholders with a shared vision to foster the creation

and enhancement of value for all.

“We understand that this requires time and patience. Our intention is to follow this approach in respect of our investment in FBN Holdings, an iconic institution which we greatly respect and with which we have a deep and long-term relationship, as customers, investors, and board members.”

Obafemi Otudeko, is responsible for providing strategic direction and oversight to the Group’s portfolio companies and investments.

He joined the Honeywell Group in 2003 as Senior Manager, Projects (Oil and Gas). In his over 17-year career at the Group, he has led several key initiatives including chairing the IPO committee responsible for the successful capital market listing and capital raising for the Group’s flour milling investment.

He also coordinated the Group’s efforts in the completion, capital raising, and opening of the five-star Radisson Blu Hotel in Lagos.

In addition to his responsibilities at HGL, he is a non-executive director of Anchorage Leisures Ltd. He previously served as a non-executive director of Airtel Nigeria, First Bank of Nigeria Ltd and Honeywell Flour Mills Plc.

Obafemi Otudeko began his professional training at PricewaterhouseCooper, where he led and managed assignments providing assurance, risk management, internal audit, and business advisory services for clients across various sectors,

before specialising in financial services.

Honeywell Group, a 50-year-old company has been a shareholder in FBNH for over 30 years.

In Otudeko’s letter to the FBNH Chairman, he also spoke to the Honeywell Group’s portfolio, sharing the over 150-year combined experience of its executives.

“I lead a diverse senior management team with over 150 years combined experience in various professional qualifications and specialties.

“This international and genderbalanced team comprises over 60 years of active investment banking experience with leading international firms including Dresdner Kleinwort Wasserstein, Standard Chartered, Standard Bank and Deutsche Bank, 50 years of Honeywell Group Limited professional accounting experience (including with PricewaterhouseCoopers and Baker Tilly), and 60 years of legal experience (including with Bentley Edu & Co, Aelex, and Banwo and Ighodalo). We bring this breadth and depth of experience to bear in our investment activities,” he added.

Analysts are looking to see the continued increase in the bank’s share value and are intrigued by the turn of events. Sources said FBN would respond to the letter or a meeting will be set up with the team to discuss its 15 per cent stake and future plans for the bank and its holding company.

“The provision on the security and right to life by the constitution. There has been an increase in the rate of insecurity and killing of innocent souls by persons, who have been tagged as ‘suspected herdsmen’ in Nigeria of which my state and my constituency have been part of the areas affected.

"Seven miners of my immediate constituency were gruesomely killed in cold blood on the 9th of July, 2023, around Farin Lamba of Jos South LGA, Plateau State. Most of my people live in fear of the unknown due to insecurity and can no longer access their farmlands with ease, which is their main source of livelihood."

The House also urged the IGP to immediately provide a Mobile Police Force Squadron formation in Mangu communities of Mangu/ Bokkos Federal Constituency, Plateau State and other affected communities to safeguard the lives of the people.

Moving the motion, Hon. Lalu David noted that the recent terrorist attacks on the people of Mangu Local Government Area and neighbouring communities, which killed more than 300 persons, with others seriously injured, properties destroyed and over 18, 000 people displaced at different internally displaced persons (IDPs) camps within the local government area were devastating. David also noted that most of the surviving victims were currently receiving medical attention at different hospitals within the state.

The lawmaker expressed worry that the continuous attacks by the terrorist groups in the communities, if not addressed properly, will lead to low farm yield, which will worsen the existing food uncertainty in the communities.

To this end, the House urged the Secretary to the Government of the Federation (SGF), George Akume, to direct the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, through the National Emergency Management Agency (NEMA) and

National Commission for Refugees, Migrants and Internally Displaced Persons, to immediately provide relief materials to the victims of the attack in the affected communities, aerial surveillance and support to flush out the terrorists and destroy their camps to avoid reoccurrence and allow innocent farmers to return to their farms and ancestral homes.

The House further mandated its Committees on Emergency and Disaster Preparedness, Defence, Army, Air Force, Police and Legislative Compliance (when constituted) to ensure compliance and report weekly until the insecurity was brought under control.

Traditional Ruler Narrates Ordeal in Killing of 30 People

The district head of Akpuuna area of Ukum Local Government in Benue State, Tyoor John Kungwa, where gunmen reportedly killed about 30 people last weekend stated that the attackers visited mayhem on his people to try to intimidate them into submission. Kungwa made this known yesterday, when Governor Hyacinth Alia visited the community.

The traditional ruler said the attackers called him on phone, and asked if he knew the consequences of preventing them from operating in his domain.

"I told them I cannot compromise security in my domain. They now told me to get prepared as they were coming for me," Kungwa explained. He added that the killings happened a few days after the attackers made their threat.

Kungwa said he had mobilised his people to resist advances by the gangsters into his domain, a development he said angered the attackers.

Alia, while consoling members of the community, reiterated his administration's readiness to grant amnesty to repentant criminals. He expressed his displeasure over the killings that recently took place at Akpuuna.

The governor assured the people of the area of his administration's willingness to root out all criminals and make the state free of crime.

Alia wondered why the hoodlums had chosen to hide in the forest, and come out intermittently to cause havoc. He reiterated his administration's resolve to rehabilitate, train and reintegrate those currently hiding in the forests, if they repented and chose a life free of crime.

He warned traditional rulers aiding and abetting crime in the area to desist, calling on those hoarding vital information about the criminals and their activities to stop or face dethronement.

While re-echoing his administration's open door policy for serious investors as well as President Bola Ahmed Tinubu's great plans for the state, the governor warned that on no account should anyone in the state perpetrate acts that would discourage such plans.

He stressed his administration's readiness for peace, insisting that anyone, who is not ready for peace should better leave Benue State.

Enugu, Kaduna Governors Seek Military Assistance to Tackle Insecurity

Enugu State Governor Peter Mbah and his Kaduna State counterpart, Uba Sani, yesterday, sought the assistance of the military to tackle spiraling insecurity in the two states.

Speaking during a courtesy visit to the Chief of the Naval Staff, Rear Admiral Ikechukwu Ogalla, at the Naval Headquarters in Abuja, Mbah sought the assistance of the military in tackling the activities of non-state actors in the state.

He stated that on assumption of office and with an improved economy of the state in mind, he had banned the sit-at-home order put in place by the Indigenous People of Biafra (IPOB), which he said was undermining the state’s economy.

Continued on page 36

ABDULLAHI ADAMU: I SUPPORTED LAWAN, BUT WON ELECTION FOR TINUBU

Adamu said those who have issues against him have always had the opportunity to air their views at their national meetings, explaining that Saliu Lukman, for instance, who has always accused him of running a one-man show, has always attended those meetings.

He stated that the decision of Lukman to take the party to court was a grave offence even though he later signed a deal that his case had been withdrawn from the court and apologising for his misdemeanour.

“I think that’s a soft selling point for you media people. It is true that at the time that I made a presentation to the National Working Committee (NWC), the name of Senator Ahmed Lawan was thrown up.

“That was before the convention. So many things took place between then and the actual date of the convention and you saw what culminated in the convention unanimously. I was there and I led the convention of the party.

“A day after the convention, I

took the entire working committee to his (Tinubu’s) house in Asokoro and assured him of our support and said we will stand shoulder to shoulder with him and ensure that the mandate was sold properly to the people of Nigeria. We won the election. Instead of being praised, we are vilified,” he said.

He stated that it wasn’t the time for vilification, expressing the view that since he led the party to success, he should be commended.

Adamu said he had a right to hold an opinion like he did on Lawan before the primaries, but noted that once it was clear that Tinubu emerged, every member had to rally around him.

He said he currently has a good working relationship with Tinubu since his election, noting that the president has always given him his full attention each time they met.

Adamu said he would be willing to disagree with the president on any matter because there’s freedom of speech in the country, explaining that the so-called altercation with the

president remains media creation. The national APC chairman said reports about himself and the president not on the same page remain speculative, urging the media to be fair to him.

On his comments which were reported about the Ondo governor that the governor, Rotimi Akeredolu was extremely incapacitated, Adamu stressed that there was no such pronouncement at his meeting with state chairmen.

The chairman further said the future of the APC remains very bright, explaining that his hope was that in the next four years , Tinubu will get renewal for a second term.

He noted that he wasn’t bothered by media reports of differences with the president , pointing out that his main task at the moment is to keep the party as one strong entity.

Adamu also said he was willing to accept the G-5 governors led by Nyesom Wike into the APC, noting that they will be most welcome whenever they decide to opt for the APC.

TEN 10 WEDNESDAY, THISDAY

LAUNCH OF PRINCE’S TRUST INTERNATIONAL IN NIGERIA...

Stakeholders Call for FG’s Support for Domestic Airlines Due to Rising Cost of Operation

Nigerian airlines get more slots to fly back pilgrims from Saudi Arabia

Aviation industry stakeholders have said Nigerian airlines are in precarious situation and need the support of the federal government to remain in business, insisting that the sector needs total overhaul to enable its carriers become competitive and profitable.

This was just as the National Hajj Commission of Nigeria(NAHCON) yesterday, in Saudi Arabia, announced that it has secured more slots for the Nigerian licenced carriers so as to ensure homeward journey of pilgrims to the country without further delay.

The operators who spoke on the need for the federal government to support domestic airlines, noted that many extraneous factors were militating against their successful operation, as Air Peace said it had encountered 18 bird strike incidents in 2023 alone with two of its aircraft experiencing the incidents in one day at Benin Airport.

Also, the Chief Executive Officer (CEO) of King Airlines, Sen. Musa Adede, accused the past aviation ministers, especially Sen. Stella Oduah and Sen. Hadi Sirika, as those who contributed to the degeneration of the industry in recent years.

The stakeholders made these known at the second quarter of the Brunch Business Meeting with the theme: ‘Aviation Reset: Agenda for the New Dispensation (Increasing the Numbers),’ organised by Aviation Round Table (ART).

They lamented that the sector was inundated by several factors, including inability to secure credit facility at low interest rate, paucity of foreign exchange, inadequate and obsolete airport infrastructure,

lack of local maintenance facility and inimical policies.

Comparing government’s role in Nigeria’s aviation sector with other countries, the stakeholders said government in many countries realise that aviation was catalyst to economic development and provide adequate support to the sector so that it would continue to lubricate the chain of economic development.

They, however, regretted that some of the policies in Nigeria tend to indicate that government wants the local operators to go under.

Adede, said it was necessary for the industry to embark on reset exercise at this time as a new administration takes the centre stage in the country.

He explained that it was important for the industry to re-examine itself through a thorough cleaning, stressing that the policies of the past years retrograded the industry.

He also condemned the planned re-establishment of a national carrier for Nigeria by the past administration, saying that the idea was no longer in vogue.

He said: “As it is, there is no unity among the airline operators either scheduled, chartered or helicopters. They are all working in isolation. The aviation ministry too is not helping the industry to grow. Our airports are very dirty.

“The former ministers in the sector, especially Oduah and Sirika, who claimed to be a captain, killed the sector. Our ministers have sold out in drafting the agreements with foreign airlines and governments.”

For the sector to compete with others, Adede said the aviation sub-sector required about N50 billion support from the government.

He also pointed out that the policy of renewing Air Operators’ Certificate

(AOC) for airlines every three years by the Nigeria Civil Aviation Authority (NCAA) was archaic, stressing that in developed countries, the certificates are held for life.

“NCAA is still archaic. They are not computer literate and not compliant. They ask you for volumes of documents that they will never read,” he added.

In his contribution, the Chairman of Air Peace, Allen Onyema said the policies of the government contributed to the quick death of the domestic airlines.

Onyema, explained that Air Peace in the first half of 2023, lost 18 aircraft to bird strike incidents without any compensation from the government.

According to him, Air Peace lost two of its aircraft engines to bird

strike incidents in one day at Benin Airport.

He disclosed that the first aircraft on take-off was struck by a bird so it had to discharge the passengers and another aircraft, the brand new Embraer 195 E2, was deployed to bring in the passengers to their destination but on take-off it was also struck by a bird, making it two aircraft damaged in one day at the same airport.

He said that the airline spent $3.2 million to replace the damaged parts of the aircraft. He frowned at the recent statistics of flight delays and cancellations made public by NCAA, saying it was not comprehensive enough.

According to him, if the regulatory authority released the number of

NLC Decries Plot to

flight delays on the domestic routes it ought to also publish the cause of the delays.

Onyema, identified VIP movement, weather, poor and inadequate infrastructure, forex, fuelling and weather, among other challenges that contributed to flight delays and cancellations in Nigeria.

“Bring the best airlines into Nigeria and without any government support, they will not last 72 hours. Is it the duty of the airline operators to start chasing wildlife?

“Air Peace this year alone has lost 18 aircraft to bird strike incidents. When we are criticising the airlines on delays and cancellations, we should also look at the causes of the delays and cancellations.

“How about the congestions at

Weaken

our airports? Go to Abuja airport and find out some of these challenges,” he said.

Also, the President, Aviation Round Table (ART), Dr. Gabriel Olowo, said private investors in the industry were discouraged due to lack of necessary support and the will by government, saying that government could not exonerate itself from the deaths of the past carriers.

Meanwhile, NAHCON has secured more slots for Nigerian licenced carriers so as to ensure homeward journey of pilgrims to the country without further delay.

Before the approval, Nigerian pilgrims used to wait endlessly to return to the country after the completion of hajji exercise almost after two weeks.

Labour

Unions,

Advocates Gender-sensitive Public Service

Onyebuchi Ezigbo in Abuja

The Nigeria Labour Congress (NLC) has expressed concerns over the splitting of industrial unions by the federal government, alleging that it was meant to polarise or weaken organised labour.

The labour movement also said despite policy measures aimed at addressing gender inequity, including the signing of the Convention 190 by some member countries of the United Nations, a lot still needed to be done, especially in the private and informal work space which constituted about 80 per cent of the entire work space.

While speaking at the Africa and

Arab Regional Women's Conference in Abuja, yesterday, President of NLC, Joe Ajaero, said it seemed there was deliberate effort to weaken unions by splitting them.

"We would use this opportunity to speak out against forces that seek to polarise or weaken the organised labour by needlessly splitting unions or pitting them against one another at a time Capital is consolidating its hold on Labour through mergers, acquisitions and overwhelming national governments," he said.

Ajaero, also spoke against what he described as inordinate ambitions of members who seek titles instead of service, advising them to put their ambitions in check for the sake of

the movement and the workers.

In his speech titled: "Let Your Voice Be Representative of Our Values," said the world was still battling with issues around women inequality and employment; occupational discrimination; ethnic minorities and workplace profiling; equal work and unequal pay including sports; working fulltime after motherhood; work-life conflicts, careers and social class; the unpaid work, household division of labour; the new family formation outside the family.

Ajaero, said challenges have assumed a more complex dimension due to a combination of highly evolving diverse cultural, social,

UNICEF: Nutrition Critical in First 1,000 Days of Child's Life

Segun Awofadeji in Bauchi

The United Nations Children’s Fund (UNICEF) yesterday, said the first 1,000 days of a child’s life was crucial for physical development and brain growth.

The period, it also stressed was critical for the survival of a child.

Similarly, UNICEF also stressed that a woman's nutrition during pregnancy, breastfeeding as well as baby's nurturing care in the first two years was extremely important for a healthy future.

The Chief of UNICEF Field Office Bauchi, Dr. Tushar Rane, who spoke

during a two-day media dialogue on the, "First 1,000 days of a Child's Life," organised by UNICEF Bauchi Field Office for participants drawn from Gombe, Taraba, Bauchi, Adamawa and F.C.T Abuja, held in Gombe State.

According to him, "the first 1,000 days of life is the time spanning between conception and a child’s second birthday which is an important period of opportunity when the foundations of optimum health, growth, and neurodevelopment across the lifespan are established."

Rane, who spoke on, "What is first 1,000 days? Why is it important to

child survival and lifelong thriving? said maternal and child nutrition and health could determine the child’s ability to grow, stressing that poor nutrition in the first 1,000 days cause irreversible damage to a child’s growing brain and body.

"The period of rapid brain growth and maturation is 80 per cent by two years and failure of growth during this period is associated with long term consequences which includes schooling, productivity and income.

"Stunting is associated with increased risk of cognitive impairment while gaps between the risk and poor in reading, language, cognitive

development emerge before primary school. Cognitive/linguistics delays accumulate early and last a life time, hence early life is sensitive period for brain development," he said.

The UNICEF Chief said if a child was not properly breast-fed or given proper nutrition early, a case of stunting sets in which have potential consequences, pointing out that nurturing care in early life was very important.

He said high impact intervention during the first 1,000 days included maternal supplementation and dietary counselling, weight gain tracking, infection control and

antenatal care from conception to delivery, adding that intervention from zero to five months of a child's life include exclusive breast feeding, immunisation, infection prevention and treatment and nurturing care.

Speaking earlier, the Communication Officer, UNICEF Field Office Bauchi, Opeyemi Olagunju, said the objective of the media dialogue was to educate journalists on the peculiar threats to a healthy first 1,000 days in the Bauchi Field Office focus states. He added that the media dialogue would also aim to create awareness for the media on the importance of first 1,000 days to a child’s survival.

economic, political experiences.

"Women have faced challenges unique to them. Quite often, these challenges were neither ordained by God nor imposed by Him. These problems sometimes were conspiratorial, devious and hatched by men to keep their indispensable social partners, women in perpetual subjugation.”

In Africa and Arab countries, Ajaero said women's rights were abridged or completely trampled underfoot and taken as normal.

According to Ajaero, the society was organised against women in five major ways: laws, religions, organisations, institutions and political power sharing.

“It is a complete siege without an escape route from the male predators and their female collaborators.

The other related issues and concerns in Africa and Arab countries are well articulated in your concept note and include but not limited to gender-based discrimination and violence, harassment at work place, unequal pay for work of equal value, unequal access to education, professional and occupational training, poor representation and weak voice at work place.

"We also acknowledge that gender discrimination is deeply embedded in our politico-socio-economic structures with consequences not only for the women folk but the entire society as it signifies a race to the bottom," he said.

NEWS WEDNESDAY, THISDAY 11
L-R: Director, Community Engagement to King Charles III and Queen Camilla, Eva Omaghomi; Executive Vice-Chair, Aig-Imoukhuede Foundation, Ofovwe Aig-Imoukhuede; Chairman, Coronation Group, Aigboje AigImoukhuede; Governor, Lagos State, Babajide Sanwo-Olu; Global Young Achiever Award winner, Faith Idowu; CEO, Prince's Trust International, Will Straw; Founder-President of Wellbeing Foundation Africa, Mrs. Toyin Saraki; British High Commissioner to Nigeria, Richard Montgomery, and Chairman, Honeywell Group, Oba Otudeko, at a special dinner event to mark the launch of Prince’s Trust International in Nigeria in Lagos…recently

CHINA-AFRICA ROUNDTABLE...

L-R:Consul of Consulate General, Peoples Republic of China, Mr Wu Yunjia; Consul of Consulate General, Peoples Republic of China, Mr Liang Benbin; Executive Director, Grace Schools, Lagos, Mrs. Olatokunbo Edun; Chinese Director, Confucius Institute, University of Lagos (UNILAG), Professor Zhao Hongling; and Deputy Director, Confucius Institute, UNILAG, Dr Adetoro Banwo, during China-Africa Round-Table Discourse themed "Chinese Modernization and Poverty Alleviation Policies: Lessons for Nigeria" organised by African and Asian Researchers Association of Nigeria, held in UNILAG, Lagos ... recently

Obaseki to Make Edo First Fully e-Governed State in Nigeria

Trains over 3000 workers on inclusive digital transformation Governor has set new benchmark for public procurement in Nigeria, says Idogun

Edo State Governor, Mr. Godwin Obaseki, has said the ongoing digital transformation programmes in the state would make the state fully e-governed before September 1st, 2023.

This, would make Edo emerge as the first state in the country to have entirely shifted to a digital mode of administration.

The governor said this while declaring open a one-week digital transformation training programme for over 3000 workers in the State, at the John Odigie Oyegun Public Service Academy, in Benin City, the Edo State capital.

Obaseki, represented by the Edo State Head of Service, Anthony Okungbowa, said the state was the most digitised in the country.

He noted that the government was working assiduously to ensure the delivery of all government services was digitised, transparent and seamless.

The governor said, “Over the next few weeks, we would be having 3,000 personnel in the civil/ public service trained on the use of computers. We all know that without the knowledge of computers, it is impossible to work on the edogov platform.

“The governor has instructed that before September 1st, 2023, Edo State would become completely an e-governance State as no State in the Federation has been able to achieve half of what we have achieved.

“All these are to ensure that we succeed as we move to become the digital hub of Nigeria. We hope that all of us in this training today will contribute to that success.”

He continued: “The target is to 3,000 workers. The training will last for nine weeks. The objective is to ensure that all civil/public servants are trained on all that is required to make Edo State a digital State.

“We want to be the digital hub of this Country and as such the governor is investing massively in digitalization. The government is opening the digital space which is why we have a contract to extend fiber optic cables across the State to enable people to have access to the internet and expose their skills.

“Recently, the governor launched the digital policy to put the State in the forefront of digital technology and enable the State to have a sense of direction to help achieve a defined and definite result.”

The governor further noted, “In the executive side of government,

Forbes: Dangote Remains Richest in Africa

Goddy Egene

For the 12th year consecutively, President of the pan-African Conglomerate, the Dangote Group, Alhaji Aliko Dangote, has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world's reported billionaires.

Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

Dangote, whose business flagship, Dangote Cement Plc is the largest producer of cement in Africa, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Dangote, presently ranked 124th among the world's richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1 billion.

The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer.

Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.

Dangote also owns stakes in publicly traded Dangote Salt (NASCON) and Dangote Sugar manufacturing companies. His Dangote Petroleum

Refinery, touted to be the world's largest single-train refinery, was recently commissioned and is expected to process 650,000 bpd of petroleum for domestic consumption and export; in what experts have described as a game changer in the oil and gas sector.

The foremost philanthropist had earlier been rated 11th of the 50 World’ Greatest men and women of all time by the Fortune Magazine, an American multinational business magazine which premised the ranking of the world’s greatest mainly on the businesses run by the men and how they have used it to impact their society positively.

The time-tested magazine, which first edition was published in February 1930, said the world’s greatest men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts.

“These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.

Specifically, Dangote earned nomination after being adjudged as having used his business to acquire wealth and is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.

The top 10 greatest men and women, according to Fortune Magazine are: Bill and Melinda Gates, Jacinda Ardem, Robert Mueller, Pony Ma, Satya Nadella, Greta Thunberg, Margrethe Vestager, Anna Nimiriano, Jose Andres, and Dough Mcmillon and Lisa Woods.

The ranking of Dangote as one of the greatest business leaders had attracted comments by eminent persons

around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.

On the billionaires’ ranking for 2023, Forbes, the global media company said nearly half the world richest list were poorer than a year ago, including Elon Musk with net worth of $180 billion, falling from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla, his multinational automotive and clean energy company.

Benard Arnault, the 74-year old French, who is the head of luxury goods giant LVMH, was ranked number one richest man in the world

with a net worth of $211 billion, the very first time a France national will top the list.

Forbes reported that the party was over for many of the world’s richest people. For the second straight year, both the number of billionaires around the globe has declined from 2,668 in 2022 to 2,640 in 2023 and total billionaire wealth has dropped, too - down by $500 billion, to $12.2 trillion - as turbulent times have hit both public and private markets.

Nearly half the planet’s billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.

we have 10,050 staff but across the service, we have almost 38,000 people. The training is for the directors’ cadre. Every person with a deficiency in computer appreciation will get the training.

“The final output of this training is to see workers more proficient in the use and appreciation of the computer to enable them work effectively with the edogov platform.”

One of the participants and civil servants, Mrs. Emilia Ayeni, commended the Obaseki-led administration for embracing digital technology and ensuring that all civil /public servants are computer literate to enable them to contribute their quota to the State’s digital economy.

Meanwhile, the Managing Director/Chief Executive Officer of the Edo State Public Procurement Agency (EDPPA), Henry Imogiemhe Idogun, has attributed the achievements in public procurement in the state to the visionary leadership of Obaseki, noting that the governor has set a new benchmark for accountability and transparency in public procurement in the country.

Speaking to journalists in Benin City, Idogun said Edo State has in the past six years, witnessed a paradigm shift in the way public procurement is conducted, elevating the state’s procurement system and processes to unprecedented levels of efficiency, fairness and compliance.

According to him, Edo has become a model for other sub-nationals and countries since implementing landmark reforms by Obaseki to

instill transparency and probity in its procurement processes as not less than 19 Nigerian States and two countries have visited the State to understudy the transformational changes.

The Managing Director noted: “The governor’s support is the reason why we are able to achieve so much in public procurement in Edo State. Sometimes, they take a file to him and he asks if it has gone through procurement.

“He asks questions when he is not sure when he is not seeing evidence in the file. Sometimes he approves, and writes, ‘subject to the procurement process.”

Idogun stated, “I have always and I will continue to thank His Excellency, the Governor for his leadership. I will always remain loyal to the governor because of what he represents; his vision for Edo State.

“So, we will continue to do our best in support of his MEGA Agenda. Nobody was in Edo State between 8 and 10 years ago and will say Edo is not making progress. That person is not being sincere with himself.”

“Under this Governor, Edo has made tremendous progress. Is it in human capital development, which is imperative for proficiency? Is it the infrastructure? The way he is, he is not somebody that wants to be loud otherwise we would have filled everywhere singing our praises. Some of us are unrepentantly loyal to his vision for a better Edo State and we have no apology for that.”

Flood: FG Urged to Adopt Proactive Approach to Avert Disasters

Blessing Ibunge in Port Harcourt

The federal government has been advised to take the issue of flood seriously in order to avert unforeseen deadly disasters which could occur if proactive action was not taken as the flood incidence continues to increase.

This call was made yesterday, at the Niger Delta Climate Change conference, organised by Lekeh Development Foundation (LDP) in Port Harcourt, Rivers State.

Speaking in an interview with THISDAY at the programme, the Executive Director, Health of Mother Earth Foundation (HOMEF), Dr. Nnimmo Bassey, stressed that if the government does not go beyond warning the people and providing safety measures, the outcome of this year's disaster could be worse than

previous years.

Bassey, who noted that over 600 Nigerians died in the last flood incidents, urged the government to proffer sustainable solution ahead of the serious downpour. He lamented that, "The role of the government, is to provide security for its people. People are not secured in the flood. Security is not only putting policemen to carry guns, to set road blocks on the highways, giving the people a liveable environment is a right of the people, it is a right in the Nigerian constitution and a right in Africa Charter for Human and Peoples Right.

"If government cannot go beyond warning people that flood is coming to provide alternative, to provide security, safety measures, to provide relief materials, to compensate those

who been impacted over the years, then it is a failure on the part of the government.

"The last flooding killed 603 Nigerians by official count, one million people were displaced. That, to me is a tragedy that requires action. But up till now, we have not seen any action. So if government just wants to be government of public statement, then it is a shame on all of them. They have to wake up to do something because the flood is coming again."

On his part, a Niger Delta-based human rights defender, Celestine Akpobari, described as unfortunate the issue of flooding and its effect being discussed yearly without solution to the crisis.

Akpobari, who frown at governments’ approach to flooding

disaster across the country, said, "a government that care about the people should have known that they will build a very big IDP camp where people will go to when the flood comes."

He urged the government to take the flooding seriously by creating alternative farming system for the affected.

"You will not stop the people farming and looking for their livelihood. The best thing a government that cares about the people should do is to begin to alter the pattern of farming in this area.

“If they were farming yam and cassava that will take from January to October for harvest, you channel their energy into commercial cash crops (those crops that can stay three months).

12 WEDNESDAY, THISDAY NEWS
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WEDNESDAY JULY 12, 2023 • THISDAY 15

It is no longer news that Governor Oluwarotimi Akeredolu of Ondo state had been feeling under the weather. Thus, on Monday, he forwarded a letter of extension of his medical leave to the State House of Assembly.

While some believe that all public offices, the office of the governor inclusive, demand occupiers who are sound both in body and in mind, so that efficiency and proficiency will be brought to bear in the discharge of responsibilities of the office, others argued that nobody is immune to ailments, particularly like the case of Akeredolu whose health condition became obvious or developed after he became governor.

Akeredolu had embarked on a 21-day medical leave on June 7 and was expected to resume duties on July 6, 2023 and start performing his constitutional duties. Governor Akeredolu had written to the state legislature in line with constitutional provisions to proceed on medical leave and handed over power to his deputy, Mr Lucky Ayeditawa, to act in his stead, as demanded by the constitution.

Akeredolu was seen briefly in public shortly after he returned to the state from his 15-working days annual leave on May 1, but his ill-health continued to generate anxiety.

He was reported to have been treating an ailment said to be blood cancer (leukemia), a cancer of the blood caused by a rise in the number of white blood cells in the body.

It is a cancer of blood-forming tissues that hinders the body’s ability to fight infections.

However, receiving the latest extension letter on behalf of other lawmakers, Speaker of the State House of Assembly, Hon Olamide Oladiji said the Governor’s action was in line with Section 190 of the Constitution of the Federal Republic of Nigeria (as amended).

According to the letter, the state Deputy Governor, Hon. Lucky Aiyedatiwa, would continue to act as governor until there was a written declaration to the contrary.

Oladiji, who expressed appreciation to God for the speedy recovery of the Governor, expressed optimism that he would soon resume duty.

Akeredolu in State of Extreme Incapacity

The letter of extension was received same day the National Chairman of All Progressives Congress (APC), Senator Abdullahi Adamu, declared that the ailing Akeredolu was incapacitated and hospitalised.

Adamu who was reported to have stated this at a meeting between the national leadership of the party and APC state chairmen on Monday revealed that Akeredolu was incapacitated and currently hospitalised overseas.

“In the same vein, we regret to announce the extreme incapacity of the governor of Ondo State, who we understand has been hospitalised overseas,” Adamu said.

“We wish and pray for him for a speedy recovery,” he added.

However, a statement issued by Ondo State Commissioner for Information and Orientation, Bamidele Ademola-Olateju, described the report as malicious, designed to mislead unsuspecting members of the public.

The statement titled: Re: “Akeredolu in State of Extreme Incapacity, Hospitalised” reads; “The attention of Ondo State government has been drawn to a report, credited to the Chairman of the APC, Senator Abdullahi Adamu, in the 11th July, 2023. The headline, “Akeredolu in state of extreme incapacity, hospitalised”, bore a tinge of the usual mischievous, wicked and insensitive reportage, sponsored by desperate politicians.

“The Chairman of the APC in Ondo State, Engineer Ade Adetimehin, who attended the meeting, has debunked the report as untrue and totally disconnected from the statement of the Chairman at the event. The National Chairman was indeed excited at the reports on the rate of recovery of the Governor of Ondo State, Arakunrin Oluwarotimi Akeredolu, SAN, CON, and urged all those present at the meeting to pray for his quick return.

“It, therefore, smacks of mischief and un-

abashed abandonment of professional ethics for a reporter to present this gross misrepresentation, a mischievous twist, as news. At no time did the Chairman mention that the Governor was in a state of “extreme incapacity”. He is, evidently, not in any critical state that should warrant this clearly reprehensible conduct as he still sent a post to the Executive Council Committee platform yesterday”?

No doubt, the Nigerian Constitution is silent on how long a governor could stay away so long as there is a transfer of executive powers to the deputy governor.

Specifically, Chapter 6 part 2, section 190 of the 1999 constitution states: “Whenever the Governor transmits to the Speaker of the House of Assembly a written declaration that he is proceeding on vacation or that he is otherwise unable to discharge the functions of his office, until he transmits to the Speaker of the House of Assembly a written declaration to the contrary such functions shall be discharged by the Deputy Governor as Acting Governor”. Meanwhile, the latest extension comes days after the 66-year-old governor assured residents of the state that he was in high spirits and have full faith in the expertise of his Doctors with a promise to return for official duties as soon as possible.

The governor, had in a statement he personally signed last Thursday, expressed appreciation for the extraordinary outpouring of genuine affection, prayers and solidarity from the people.

The statement reads: “I pen this message with a heart overflowing with immense gratitude and deep appreciation. Your dedication, understanding, ceaseless prayers and messages of goodwill during my journey to recovery have been nothing short of a soothing balm for my soul. Your unwavering support and genuine affection have sustained my determination to renewed vigor and, most importantly, to continue serving you, the good people of Ondo State.

“I am profoundly grateful to our esteemed President and Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, GCFR, and his team, as well as all political party leaders, my brother Governors, the State Executive Council, and the members of the State House of Assembly for their unwavering support”.

The Governor noted that the collective strength and solidarity of the people have uplifted his spirit and reaffirmed his commitment to the shared vision for progress and development.

“While I remain on the path to recovery, I eagerly await the moment when I will stand among you once again. Rest assured, I am in high spirits and have full faith in the expertise of my doctors. I will return as soon as they deem it expedient.

“My dear people, once again, your prayers, support, and the rejuvenating elixir of goodwill

you have bestowed upon me have fortified my resolve. I am resolute in my dedication to serving you and working tirelessly for the betterment of our beloved Ondo State”, Akeredolu added.

Is Governance Paralysed in Ondo Due to Akeredolu’s Absence?

Another argument among residents of Ondo State and Nigeria as a whole is if governance in the sunshine state has been paralysed due to Akeredolu’s absence.

The State chapter of the Peoples Democratic Party on its part knocked the administration of Governor Rotimi Akeredolu saying his absence had put a stop to governance in the state.

Ondo PDP, in a statement issued on Sunday by its Publicity Secretary, Kennedy Peretei, said many aides of the governor had left governance for politics ahead of the next year’s governorship election.

The statement read, “It is a known fact that, around October 2024, the governorship election will hold in Ondo State. While the Independent National Electoral Commission is yet to officially release a timetable for the election, political parties and gladiators who have eyes on Alagbaka Government House come February 24, 2025, are not leaving anything to chance. The health status of Governor Oluwarotimi Akeredolu (SAN) shrouded as it were, in secrecy appears to be the launch pad for this epic battle.

“The people of Ondo State are completely in the dark as to the exact nature of Mr Governor’s health challenge, or how soon he will resume his official duties. In the letter addressed to the Speaker of Ondo State House of Assembly, the Governor was reported to have proceeded on a 21-day medical vacation, to resume on 6th July, 2023. But on the expected date of resumption, the Commissioner of Information, Bamidele Ademola Olateju issued a statement to the effect that, Governor Akeredolu was in high spirits but will return on a date determined by his doctors in Germany. If another letter has been sent to the State Assembly to extend the tenure of Hon. Lucky Ayedatiwa, as Acting Governor, it is not yet in the public domain.

“Perhaps, all these would have been normal, if the absence of the governor had not stagnated government business in the state. The tower of Babel has literally descended on the All Progressives Congress family and the government, as individuals and groups perch precariously on a balance of probabilities driven by the myth of uncertainty, in what has been famously described by Mrs Betty Akeredolu as “peradventure”.

“It is not unexpected that, the sudden absence of the enormous powers of a sitting governor from the arena in a pre-election year will precipitate this level of cacophony within a political family, what is strange is the extent and the drawback that has befallen government activities.

“As at the last count, a number of aspirants have indicated their willingness to contest the 2024 gubernatorial election on the platform of APC. No doubt, the majority of them are pretenders or expecting some godfathers to endorse them or ride on the back of a nonexistent power of incumbency to square up with the major opposition party the Peoples Democratic Party (PDP).

But at the end of these hostilities occasioned by Akeredolu’s absence, picking up the pieces will be a tall order. The same people who were abandoned in the course of the supremacy battle will have the last say. And this period, wasted in a needless show of force and cluelessness will count against the APC government.

“Some state governments have taken proactive measures to alleviate the suffering of their citizens. Governor Agbu Kefas of Taraba State did not only declare free education for primary and secondary schools, but he also reduced school fees in government-owned University by 50%.

POLITICS Acting Group Politics Editor DEJI ELUMOYE Email: deji.elumoye@thisdaylive.com (08033025611 SMS ONLY ) 16 THISDAY WEDNESDAY JULY 12, 2023 NOTE: Interested readers should continue in the online edition on www.thisdaylive.com
the exact nature of the health challenge of the Chairman of the South West Governor’s
and Ondo State Governor, Mr Oluwarotimi Akeredolu, is shrouded in mystery just as
the
state over the continued absence of Akeredolu in public. Is Akeredolu’s Absence Affecting Governance in Ondo?
Fidelis David reports that
Forum
there is apprehension in
Sunshine
Akeredolu
The State Chairman of the All Progressives Congress, Mr Ade Adetimehin, disagreed with the Young Peoples Party (YPP), insisting there were no hitches in the running of the government in the state. He said: “They should go and do their findings very well; there is no hitch in the running of the government. We all know that Governor Akeredolu has handed over to Aiyedatiwa before going and he (acting govenor) is performing his duties. I believe the YPP are talking just to be heard that they exist, but they got this wrong because there is no division anywhere in the government”.
WEDNESDAY JULY 12, 2023 • THISDAY 17

Chief of Army Staff, Major General Taoreed Lagbaja

'My Philosophy of Command is to Transform the Nigerian Army into a Well-trained, Equipped, and Highly Effective Force'

Major General Taoreed Abiodun Lagbaja, soon to be decorated with the Lieutenant General rank, is the 23rd Chief of Army Staff, COAS. A general who is as fearless as they come, he was appointed on June 19, 2023, but however, took over office on June 23, 2023 from Lieutenant General Faruk Yahaya, Rtd. Mostly famed for how he decimated the bandits, cattle rustlers, and terrorists that operated mostly in Kaduna, Niger, Kebbi, and other North West States, the newly appointed army chief has been trained extensively in land, airborne and amphibious warfare. Also, his grasp of the war against terrorism and insurgency is a huge plus and with the position of the COAS, the Nigerian Army will make greater inroads in tackling insecurity nationwide. Just last Thursday, in his first ever media interaction with few selected top media defence and security executives, including Chiemelie Ezeobi of THISDAY Newspaper, in Ibadan as part of activities marking the just concluded Nigerian Army Day Celebration, NADCEL, to commemorate the 160 years anniversary the Nigerian Army, the COAS reiterated his pledge to reposition the Nigerian Army. At the International Conference Centre, University of Ibadan, venue of the media chat, which was also attended by senior officers, the COAS not only unveiled his vision but also touched on the current state of security in Nigeria and how the NA will address challenges of terrorism and insurgency in tandem with other arms of the services. Most importantly, he harped on improving welfare and morale of personnel while assisting the civil authorities in areas such as disaster response and internal security

Congratulations on your appointment Chief. Could you tell us how you received the news of your appointment and what your reaction was?

Regarding my feelings on the day my appointment was announced, I will borrow the words of my immediate predecessor, Major General Faruk Yahaya. I continued working as the chief of operations until the last minute before assuming the role of chief of army staff. So, on that eventful Monday, the 19th of June, 2023, I was in the office and worked diligently according to my schedule until approximately 6:40 pm. Once my boss had left, I drove home, had an early dinner, and sat down to watch the 7 o'clock news on Channels TV. I always keep my television tuned to Channels TV. It was through that channel that I received the news about my appointment. Since I was alone at home and aware that many people would come to congratulate and celebrate with me, I decided to leave the house. This was not due to any negative feelings but rather to avoid drawing attention to my street. I had neighbors in the officers' quarters, and I didn't want the street to become congested with cars or turn into a spectacle. Therefore, I left and stayed somewhere else until 2:00 or 3:00 am. The following day, when I returned home, I expected to find nobody there, but to my surprise, people were present. So, I sat down with them, had my meal, and then went for an eye test at around 4:00 am. I was overjoyed and received calls from all around the world. That's how the day unfolded. Thank you very much.

Could you please provide an update on the current state of security in Nigeria?

In appraising the current state of security in Nigeria, I'll go down the memory lane. As the Director of Operations at Army Headquarters, I served in the field at two different divisions and was the Chief of Operations. So, I have witnessed the happenings in all chapters of operation. Going back about three years, I would say the situation is improving.

We still face the challenges of terrorism in the northeast, but not at the scale we experienced in 2014, 2015, and even in the years that followed. Banditry and kidnapping for ransom have become prevalent in the northwest, but we are actively addressing the situation and making progress. We have taken significant measures to counter these criminal elements and prevent their migration from the northwest to other parts of the north central region, particularly Niger State.

Apart from these challenges, we also face issues like farmer-herder crises, kidnapping, ethnic and religious conflicts in some North Central states, including Plateau and parts of Southern Kaduna. In the southeast, there is agitation for the state of Biafra, while in the south south, we continue to combat crude oil theft and vandalism of critical oil

infrastructure. In the South-west, there are still instances of kidnapping, armed robbery, and other low-level crimes, even along the Lagos-Ibadan expressway. However, when we reflect on previous years, we can see that the situation is improving. Several factors contribute to this improvement, especially in the Northeast region. The previous government made significant investments in the procurement of military hardware. We have received large quantities of general-purpose machine guns, heavy machine guns, and millions of rounds of

ammunition. This acquisition of military equipment has played a crucial role in stabilizing the security situation in the northeast.

In the North-west, collaboration with critical stakeholders, including the media, government officials, royal fathers, and other influential members of society, has been instrumental in combating banditry and kidnapping, although complete eradication remains a challenge.

During my tenure as Chief of Operations and Director of Operations, I used to create threat maps of the security environment. I am aware that criminal activities, especially in the northwest and northeast, tend to spike during the rainy season.

We can acknowledge that progress has been made in the past year. However, we are not complacent. We understand the high expectations of Nigerians, and we recognise our responsibilities as the people's army. Therefore, we are committed to doing more.

However, in 2023, the figures indicate a stable situation. The anticipated spike did not occur.

Reflecting on the Nigeria Military Celebration in Owerri in 2022, which was marred by the attack on Kuje prison, we can acknowledge that progress has been made in the past year. However, we are not complacent. We understand the high expectations of Nigerians, and we recognise our responsibilities as the people's army. Therefore, we are committed to doing more.

Under my leadership as the Nigerian Chief of Army Staff, I pledge to Nigerians that we will work diligently to ensure peace and stability return to every corner of Nigeria as quickly as possible.

We understand that the nature of crime evolves over time, shaping the priorities of each Chief of Army Staff. Your predecessors tackled various security challenges, focusing on specific areas. Considering the comprehensive picture you have painted and the diverse geopolitical zones, could you please elaborate on the challenges you face in each zone? Is there a particular challenge that you intend to confront directly and prioritise? Additionally, as we often find ourselves reacting to existing security challenges, are we also proactively anticipating potential security issues that may arise in the coming years and making preparations to mitigate them?

My philosophy of command as the Chief of Army Staff is to transform the Nigerian Army into a well-trained, equipped, and highly effective force to fulfill our constitutional responsibilities in a joint environment.

Considering the security challenges we face across all geopolitical zones, President has emphasised that the nation is vast and we must go beyond our past practices. This is why we are discussing the removal of fuel subsidy, floating exchange rates, and implementing various reforms. The economic bleeding and insufficient revenue are evident, especially since about 80 per cent of the nation's revenue comes from the oil and gas sector, which also suffers from infrastructure issues.

Aligned with Mr. President's Renewed Hope Agenda, the Army under my leadership will work to eliminate oil theft and pipeline vandalism in the Niger Delta region. However, we will not lose sight of the banditry issue in the North-west. We understand the aspirations of people to return to their farms and live peacefully as law-abiding citizens. Therefore, we will strive to defeat the bandits and kidnappers who continue to operate in our communities.

Our goal is to establish stability in the northeast region, allowing people to resume their daily activities without fear. For instance, in the past, trucks transported fish from Bada to Onitsha as early as 2 am. We aim to restore such peaceful

FEATURES Group Features Editor: Chiemelie Ezeobi Email: chiemelie.ezeobi@thisdaylive.com, 07010510430 18 THISDAY Continued on page 19
Major General Lagbaja

....We Will Align with Mr. President's Renewed Hope Agenda in Tackling Insecurity

and productive times, not only in the northeast but also in troubled areas like southern Kaduna. While focusing on the situation in the Niger Delta region, in line with the government's mandate, I will not lose sight of the security issues in the northern region. The activities of criminal elements remain a concern. I understand that the situation is complex and ever-changing, but this is the reality worldwide. Therefore, we must strive to outwit them rather than merely playing catch-up. Our approach involves procuring equipment not just to address current threats but also to anticipate the evolving nature of threats over the next five years. We are proactive in our thinking and not lagging behind.

What unique contributions do you bring to the table, and how do you plan to collaborate with sister agencies to effectively address the pressing challenges of banditry and insecurity in Nigeria?

Thank you very much. Regarding the issue of joint operations, I have developed a command philosophy that emphasises the importance of working in synergy with other services and security agencies. The President has repeatedly stressed the need for the current crop of service chiefs and heads of security organisations to collaborate effectively. During our meeting on Monday, he reiterated this point.

As someone who has studied military technology and history, I understand that conflicts cannot be resolved by a single branch or agency alone. Therefore, I recognize the necessity of collaborating with sister services and other security agencies. Fortunately, I have an advantage as the Chief of Army Staff: the other service chiefs, including the Chief of Air Staff and the Chief of Naval Staff, are my course mates. We not only attended the Nigerian Defence Academy (NDA) together, but we also trained in the same battalion and lived in the same hostel. Additionally, the Chief of Defense Staff also trained in the same battalion. I intend to leverage this longstanding friendship that spans over 30 years to further enhance the synergy we experienced during the tenure of the immediate past service chiefs.

Please rest assured that we will work together harmoniously. This is not about individual glory because we all understand that the nation's desire is peace. It doesn't matter who achieves this peace; what matters is that we collectively strive to restore peace, stability, and orderliness to Nigeria. It's not about the Chief of Air Staff, Chief of Naval Staff, or myself. It's about fulfilling the President's mandate to work in synergy, and we will fulfill that mandate to the letter.

Your vision very commendable, what is a vision without the people to power it. So my question is what measures are you putting in place to take care of the welfare of your officers?

My vision is not just physical but also spiritual. My philosophy is based on three pillars: leadership, operational effectiveness, and sound administration. I am deeply concerned about the welfare of my troops. In your research analyzing potential service chiefs prior to the announcement on June 19th, you may have come across the fact that as the General Officer Commanding, I have taken good care of my troops. I don't just eat from the same plate; I eat from the same pit as them. I go on operations with them and I don't assign a task without experiencing it myself. Even as the Chief Commanding Officer, I still ride a bicycle around the barracks, which I have been doing since my time as a commanding officer, brigade commander, and GOC in the Nigerian Army. In terms of troop welfare, my priority is their healthcare. That's why one of the first things I did in office was to approve funds to improve the facilities at the army command in Abuja. I also allocated funds for the treatment of officers at home and abroad. Providing decent accommodation for the troops is another area of focus. During my time as GOC, I introduced innovative measures, such as the GOC's intervention in December 2022 and April 2021, in different locations where I held command positions. I have always been mindful of not losing touch with my roots and maintaining my identity as the Chief of Army Staff. Riding a bicycle around the barracks and exercising regularly are some of the ways I stay connected with the troops, even if it may intimidate my bodyguards. These are the same soldiers I have been with all along, so I can't change now.

I will prioritise the welfare not only of our female warriors but also those who have made the ultimate sacrifice in service to our fatherland. In my recent lecture during the Nigerian Day Celebration

(NADCEL) 2023 activities, I extensively discussed sound administration, and the issue of life assurance was raised. I have directed the army budget and account office to compile the names of all outstanding payments for life assurance. Ensuring the welfare of my troops is of utmost importance to me, and I will do everything possible to provide them with decent accommodation, quality healthcare, access to education for their children, reliable water and electricity supply, and all other necessary welfare provisions.

On civilians, the raining season is here and flood sometimes overthrow people from their homes. In terms of response In assisting the civil societies in rescue operations, what role do you think the Nigerian army plays to assist recovery agencies to salvage the situation?

The Nigerian Army is organised, equipped, and trained to fulfill its responsibilities as outlined in the constitution. We are also prepared to handle any additional tasks assigned by our commanders, particularly in emergency and disaster response situations. Within the army, we have a Specialised Disaster Response Unit that has been carefully selected based on their organisation and the availability of suitable equipment. Our engineers regiment, equipped with boats and other necessary tools, has been designated as the disaster response unit. Furthermore, we have taken into account past disasters that have occurred in Nigeria, particularly river flooding incidents. Units located along the banks of the River Niger and River Benue have been specifically earmarked as part of the disaster response unit. During my time as the GOC, I commanded the 82 Division, and I was actively involved in the maintenance and repair of boats, motors, and engines for the 14th Field Engineers Regiment in Onitsha. I ensured that this unit was prepared and ready to respond to any future disasters.

I appreciate you bringing up this important topic during our discussion. Rest assured that I will prioritise the readiness of the disaster response unit. We are fully prepared and waiting for the call to action, ready to respond promptly and effectively to any disaster that may occur. Thank you for raising this issue, and I will make sure to keep it at the forefront of my attention.

The Nigerian Army has made

significant accomplishments within the country and beyond. Could you kindly highlight some of these notable achievements?

Talking about the notable achievements of the Nigerian Army, I will begin by discussing its contribution to resolving the Nigerian civil war. During that time, the Nigerian Army's slogan was to "keep Nigeria warm," and they successfully accomplished this mission through their dedication, sacrifices, and valiant efforts. The Nigerian Army played a crucial role in ensuring that Nigeria remained unified following the civil war, and their contributions were marked by bravery and glory.

Beyond their role in the civil war, the Nigerian Army has consistently been recognized as a symbol of national unity and development. This prestigious reputation is a testament to their commitment to the nation and their unwavering dedication to their duties.

In recent years, the Nigerian Army has also taken on additional responsibilities alongside their core mandate. For instance, between 2011 and now, they have made efforts to address challenges and improve their performance. One notable achievement has been the improvement of the engineer elements within the Army, enabling them to undertake road construction projects. This was demonstrated when the former governor of Anambra State requested the Army's assistance in constructing a vital road, highlighting their reputation for delivering high-quality results promptly.

Moreover, the Nigerian Army has played a crucial role in ensuring stability within the oil and gas sector. When petroleum tanker drivers posed a threat to the nation's operations, the Army stepped in by procuring trucks and delivering petroleum products themselves. These trucks, which are still present in their storage yards, represent the Army's proactive approach and their ability to adapt to emerging challenges.

Additionally, the Nigerian Army has made significant strides in research and development. Their outputs in this field have been shared with relevant government agencies, who have utilized them effectively. This demonstrates the Army's commitment to not only fulfilling their core mandate but also embracing new tasks and responsibilities.

The Nigerian Army stands as a symbol of national unity and development. Their notable achievements, such as their contributions during the Nigerian civil war, their role in construction projects, and their ability to address challenges within the oil and gas sector, exemplify their commitment to the nation. The Army's continuous efforts in research and development further solidify their position as a force dedicated to progress and growth.

It is now widely known that we are currently facing significant security challenges, including instances where bridges are being

burnt due to acts of brutality committed by certain persons. What is their reaction sir?

The Nigerian Army is often called upon from all directions, and we embrace these demands without complaint. Personally, I recall a childhood memory of a magazine depicting a fish going through various tests, like paint drops, and only a part that fit perfectly would pass. I draw a parallel between that fish and the Nigerian Army because we consistently meet the expectations of Nigerians, showcasing our reliability and diligence. This is why we are constantly called upon and we view it as a testament to our competence.

To improve our capabilities, we have implemented measures and activities, particularly in terms of training. We have recognized that the traditional military training we used to provide is no longer sufficient to address the threats we face today or meet the expectations of Nigeria. Therefore, we have introduced further training programs. We collaborate with foreign agencies to ensure our troops receive additional training beyond their initial threshold. For instance, we currently have an ongoing training exercise in Ajah, as well as Exercise Fast Hold in Katangora. These endeavors provide our soldiers with valuable skills, and we enlist competent international partners to assist with their training.

Furthermore, we have prioritised the procurement of modern equipment. It is essential for our troops to have the necessary tools and resources to tackle the challenges that lie ahead in 2023. We cannot rely on outdated equipment from the 1980s or 1960s to face the battles of the present. Therefore, we have invested in research and development to build advanced platforms. If you visit our Command Engineering Depot, you will witness the impressive work being done by our army mechanical engineers, who are involved in the construction of vehicles and other innovations. In fact, we may even begin exporting these products to neighboring countries in the near future.

In terms of administration and welfare, we have made significant strides. The immediate past Chief of Army Staff introduced numerous innovations to enhance the well-being of our troops, especially those involved in operations in the northeast. Soldiers who are granted leave no longer need to worry about transportation costs, as they can travel in executive jets from Maiduguri to Lagos and Abuja. Additionally, we have established efficient medical evacuation services both within Nigeria and abroad, including a partnership with Cedar crest in Abuja. As the General Officer Commanding of the 1st Division, I take pride in the fact that my troops, particularly those residing in barracks, have access to modern facilities. When comparing our barracks to those in the United States, it is evident that we prioritize the well-being of our soldiers.

As the Chief of Army Staff, I recognise the existing standard and its comparability with our achievements. Instead of surpassing that standard, my focus is on enhancing it. Consequently, we will strive diligently to improve training, leadership education within the military, and the welfare of our courageous warriors and their families, even those who have made the ultimate sacrifice.

Additionally, we extend our competence to the host communities, as evidenced by our commissioning of civil projects nationwide. This commitment to giving back is rooted in our understanding of the immense contributions we can make to society. By enhancing these aspects, we aim to improve the welfare of our troops, provide security, and create an enabling environment for Nigerians to fulfill our core mandate, extending our operations to benefit these communities.

Regarding my philosophy of command, when the time comes for me to exit the army, I want to reflect upon that philosophy and the pillars I have outlined. I will ask myself if I have successfully achieved those objectives. Drawing inspiration from the words of Mr. John Glover, the founder of the Nigerian Army in 1963, who emphasised the importance of nurturing a small seed to grow into a mighty tree, my aim is to provide peace, security, and a stable environment for Nigerians. With my philosophy of command as my guiding light, I question myself daily about how I can channel this approach to benefit Nigeria and its people.

I understand that the questions you've asked reflect the concerns of Nigerians, and my staff is diligently documenting all the points raised. Rest assured, we will not lose sight of any of the issues discussed. I want to express my gratitude for your presence at the Nigerian Army Day Celebration 2023.

FEATURES 19 THISDAY
Under my leadership as the Nigerian Chief of Army Staff, I pledge to Nigerians that we will work diligently to ensure peace and stability return to every corner of Nigeria as quickly as possible
Major General Taoreed Abiodun Lagbaja with his predecessor, Lieutenant General Faruk Yahaya

TINUBU AND DIVIDENDS OF DEMOCRACY

SONNY ARAGBAAKPORE notes that access to the internet is a major problem

IN SENEGAL, THE PEOPLE HAVE FOILED A

On 3 July, 2023, Senegal’s president, Macky Sall, in power since 2012, publicly renounced his aspiration for a constitutionally prohibited third term, sparking a synchronized outbreak of ostentatious back-slapping. Nigeria’s former president, Goodluck Jonathan, convener of the impressively-named, West African Elders

leadership.” Chairperson of the Commission of the African Union, Moussa Faki Mahamat, was full of “admiration for statesmanship which privileged Senegal’s interests.”

See page 29

LIKE KENYA, LIKE MALAWI?

The Nigeria judiciary should look at issues dispassionately, argues Oseloka H. Obaze

Describing President Sall’s announcement as an act of “courage, humility, and deep faith in Senegalese democracy”, Executive Director of UNAIDS, Winnie Byanyima, claimed that he “he was not going to run for a third term but that he would announce this towards the end of his term.”

Ms. Byanyima did not say whether President Sall had also told her that he would wait for enough Senegalese to die on the altar of his presidential vanities before renouncing them. Her testimony had a tiresomely Pentecostal

In announcing the renunciation of his ambitions, Macky Sall claimed that Senegal’s constitution, whose text is explicit to the contrary, would have permitted his violation of Sall’s hitherto undisguised ambitions had already killed “dozens” in popular resistance and protests. The latest, at the beginning of June 2023, led to the killing of between 16 and 30 protesters.

In the end, the people forced him to blink. In his campaign to succeed himself, Macky Sall’s party had procured paid demonstrations in support of his ill-fated ambition. But, ahead of his announcement, opposition leader, Ousmane Sonko, whom Sall seeks to preclude from next year’s ballot, had called out the country to mass action.

See page 29

EDITORIAL AGAIN, THE CASE FOR PUBLIC TOILETS

Senegal’s citizens were determined to make the price of Sall’s self-succession ambition impermissibly prohibitive. The Council on Foreign Relations rightly described Sall’s disavowal of his ambition as rather “belated”.

Macky Sall’s self-succession put Senegal’s proud record of democratic exceptionalism in West Africa to test and is a rare instance of failure in Africa’s new brand of constitutional coups. In retrospect, events in Dakar this past week show that while the optics of the region’s the narcissism of political power remains durable.

On 28 May 1975, the rulers of 15 countries in West Africa concluded a summit in Lagos, then capital of Nigeria, with the adoption of the Treaty of the Economic Community of West African States (ECOWAS). It established a regional economic community among the 15 countries, with an undertaking to shrink the zone of sovereign prerogative that they could claim at a time when relations among Africa’s mutual trade in accusations of interference or subversion.

For proof of this then existing trend, you only had to look at the composition of the rulers

COUP

who established ECOWAS. Their host was a Yakubu Gowon, Nigeria’s then Head of State, a dashing four-star General since the age of 34, who was barely 40. Basking in the after-glow of the accomplishment that the establishment of ECOWAS clearly was, General Gowon traveled to Kampala, Uganda, two months later in July 1975 for the 12th Summit of the Organization of African Unity (OAU). It was his last. Gowon’s host in Kampala was Idi Amin Dada, another soldier and Uganda’s then ruler, who had chosen to go one better than Gowon by gratifying his vanities with the epaulettes of a Field Marshall.

While he was in Kampala, soldiers back

in 1976, ensures that the regional bloc remains comprised of 15 members.

In the half century to 2004, West African countries witnessed “169 military interventions of some sort”. The only countries spared this scourge were Cape Verde and Senegal.

Today, in 12 countries out of 15 among the member states of ECOWAS, the head of state by whatever name called, enjoys democratic legitimacy. The only countries presently exempt from this trend are Burkina Faso, Guinea, and Mali, where the military installed themselves in power in coups organized within the past three years.

Impressive as this picture may look, soldiers in military fatigues may no longer be fashionable in seats of power, but soldiers in many countries in the region are not far from power. Umaro Sissoco Embaló, the current president of Guinea Bissau and Julius Maada Bio, his peer in Sierra Leone, are both former army Generals. Muhammadu Buhari, another General who led the military to overthrow Nigeria’s elected government on 31 December, 1983, only recently completed another tour of duty on 29 May 2023 as head of state of his country. They may have shed their fatigues, but soldiers continue in many African countries to enjoy historical advantages in the contest for political and economic power.

home in Nigeria, led by Murtala Mohammed, then a Brigadier-General in the Nigerian Army, decided to relieve Gowon of his command and overthrow him. Nanven Joseph Garba, the army colonel who announced the coup, was Gowon’s kinsman who also commanded the Brigade of Guards responsible for the protection of the Head of State.

Yakubu Gowon was not the only soldier at the creation of ECOWAS in 1975 nor was he the only one overthrown by them. Six others among the 15 original signatories to the treaty were soldiers, including: Lt-Col Mathieu Kérékou (Benin); Gen. Ignatius Acheampong (Ghana, represented by Lt-Col RJA Falli, Minister for Economic Planning); Col. Moussa Traoré (Mali, represented by Major Baba Diarra, Vice-Chairman of the Military Committee of National Liberation); Lt-Col. Seyni Kountché (Niger); Gen. Gnassingbe Eyadema (Togo), and Gen. Aboubakar Sangoulé Lamizana (Upper Volta, now Burkina Faso)

Of the remaining eight, Presidents Dawda Jawara (Gambia); Sekou Toure (Guinea); Luiz Cabral (Guinea Bissau); William Tolbert (Liberia); Moktar Ould Daddah (Mauritania); and Siaka Stevens (Sierra Leone) were all succeeded by soldiers. President Felix Houphöuet-Boigny of Côte d’Ivoire was the only president as such among the original signatories who was neither a soldier nor directly succeeded by one. Abdou Diouf who represented Senegal at the adoption of the treaty was then Prime Minister to President Leopold Senghor, whom he later succeeded as president on 1 April, 1981.

Looking back at that era from the vantage progress in the optics of government in West Africa looks assured. Mauritania is no longer part of ECOWAS but Cape Verde, which joined

Second, coups are no longer the monopoly of soldiers. Civilians or incumbents with appearance of electoral legitimacy now also implement what have been called constitutional coups by manipulating constitutions, courts, and election management bodies to destroy constitutional guardrails and keep themselves in power for as long as they please. In West Africa, the rulers of Côte d’Ivoire and Togo, for instance, have changed their constitutions in this way. In Guinea, soldiers found their excuse to launch a bid for power in fatigues after Alpha Conde, a civilian president, overthrew the constitution in a bloody exercise in 2021 to extend his tenure as president.

rule in the region, whether by the military or civilians, are often accompanied by foreign support. Around Africa, Russia is a rising new force for autocracy and coups. In West Africa, Russia’s footprint has been active in the overthrow of constitutional government in Burkina Faso, Guinea, and Mali. Beyond the region, its friendly presence has also been reported in Burundi, Central African Republic, Comoros, Sudan, Zimbabwe, among others.

In Senegal, Macky Sall’s ambitions stalled in the face of many factors. He could not rely on the army, he had no overwhelming foreign backers and Senegal’s fragility was becoming evident in the face of stout popular resistance. In the end, the people forced him to back down. The plaudits here clearly belong to the people of Senegal. For Macky Sall, he will spend the remainder of his presidency seeking post-presidential immunity. He will need it.

A lawyer and a teacher, Odinkalu can be reached at chidi.odinkalu@tufts.edu

1 THISDAY WEDNESDAY July 12, 2023 Wednesday July 12, 2023 Vol 27. No 10117
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In the face of stout popular resistance, Macky Sall has renounced his bid for a third term, writes CHIDI ANSELM ODINKALU

ABIODUN KOMOLAFE urges the president to channel his administration’s policies along the line of equality, liberty and solidarity

TINUBU AND DIVIDENDS OF DEMOCRACY

All through history, finding and keeping round and square pegs in their respective holes has never been a Sugarcandy Mountain party. It’s a tough job for experts and committed people. Therefore, President Bola Tinubu must keep working round the clock, looking for leaks and blocking same.

Take a look at the Operation Feed the Nation (OFN), which, at its inception, was with its spectacular fanfare and related brouhaha. OFN was with the notion of an idea whose time has come; but the intangibles waited patiently for it. As fate would have it, the scheme’s promoter eventually became its albatross. The man wasn’t a farmer. In other words, he became a farmer by nation paid dearly for it! OFN was destined to feed the nation any day! But where’s it? As things stand, Nigeria, more than ever, is in need of OFN,

of a project is not about its narrative; that it’s just a calculated projection; that calculated projections are always fraught with unimaginable interferences from nature and allied factors; and that expertise and management are needed for a projection to come to reality. Of course, that’s why dictators are typically ruthless. As a matter of fact, dictatorship has to be discussed for people to make up their minds on what to actually hate. What are we saying? As long as foreign countries continue to mentor their economic programmes to reflect certain economic indices which also reflect in people’s standard of living, ‘japa’ will continue to happen to Nigeria. Even if it’s to reflect the world’s economic dynamics, man will always move in search of greener pastures. Hunger is a driving force. Likewise, opulence is who think mere legislation will stop Nigerians from leaving the country had better understand that pragmatic laws which disregard the position of stomach infrastructure will always collapse like a pack of cards. It’s therefore unfortunate that our men at the legislative chambers could remove the people from their considerations and still hope to be relevant.

LIKE KENYA, LIKE MALAWI?

Democratic consolidation requires holding periodic elections that allow for peaceful transfer of power. Yet some elections held outside of consolidated

around its various electoral crises, thus avoiding as the outcome of Nigeria’s 2023 presidential elections remain under contestation, a conjunction of circumstances will determine Nigeria’s political trajectory, more so as her national resignation and seemingly unfettered elasticity in tethering on the precipice, may have reached the breakpoint.

The foundational and sustaining basis of any democracy is the holding of periodic and genuine elections that allow a nation’s citizen to exercise their

on 21 May 2019. We therefore annul the results of the presidential election.” The Court went on to order a new presidential election to be held within 150 days. For Malawi, democracy and history, it was a landmark decision.

The rulings by the Kenya and Malawi apex courts present seminal case studies in politics, history and jurisprudence. Contextually, two unique strands should always guide public policy decision making: lessons learned and missed opportunities. These are tantamount to use of history, precedent or experience for in law, convention or practice are valuable instruments of leadership decision making processes. In Nigeria, the landmark case, Awolowo vs. Shagari has been characterized by some as a case of compromise; the truth remains that the Supreme Court if it had any bias, was in favour of upholding tenets of the Constitution.

but should she go to ‘Operation Feed the States’ or ‘Operation Feed the Local Governments’ for agriculture to have a meaning? How much is a crate of eggs in ‘Obasanjo Farms’, how much is it in Kaduna and how many people can afford it?

Tinubu urged Nigerians to tighten their belts in the face of the biting socioeconomic reforms; that better days lie ahead! But they are groaning and grumbling that the presidency and the legislatures are swimming in opulence and maintaining empty, needless and expensive shows. They are complaining about the high cost of governance and that they want it moderated. They are saying that many of the president’s friends and political functionaries are milking the state through multiple pensions as former governors and ministers. Since time and things have changed, Nigerians want stimulate production and regulate education and private school operation. These are the issues and these are tasks the Tinubu administration must not leave undone. When initiating policies and programmes, the president must bear in mind that the favourable creation of favourable conditions does not mean that people will have to suffer before they start reaping the dividends of democracy. If they must, then there should be appropriate palliatives for all and sundry.

The president must work assiduously at redefining, redirecting and reconstructing his administration’s policies and programmes along the line of equality, liberty and solidarity. He must take a cue from Presidents George Washington whose tenacity, patriotic devotion and ability to make decisions during difficult times made him lead America to become a success story; and Franklin Roosevelt, whose ‘New Deal’, encapsulated in the combination of confidence, political savvy and strategic analytical reasoning, helped in setting ‘God’s own country’ back on the path of national economic and growth.

When Amartya Sen talked about development as freedom, these are parts of the issue! Indeed, freedom is development, especially, to the individuals. The ‘japa’ locution is the seeking of socioeconomic freedom for an individual; and, once there’s an inhibition, there is nothing else that society can offer as a substitute. Life is good in London! Life is good in the USA! Unfortunately, the ninth National Assembly attempted to erect Muhammed International Airport, insisting that a certain class of Nigerians shouldn’t go out of the country in search of a good life, which Nigeria could not offer. Wasn’t the government asking for trouble?

This again boils down to suppositions and assumptions. For example, people jump into projects without realizing that the end product

Culturally, there is a problem. The way through which the Yorubas view and value education is different from the way others do. While the latter sees only its economic imperatives, the former sees more than that! Economic considerations, why not? But then, social trappings are sociologically more important. For example, should researchers decide to review literature on failed governments and why governments fail, it’d get to a stage where they’d become exhausted and frustrated because nothing practically would be different, or have changed. So, one would begin to wonder what actually went wrong because, in real studies, that in itself is a course for study. But, again, this is Nigeria, where a typical scholar is intolerant of criticism! What we have here is a towering voice out of the lot who wants everybody to reason like him or her, or wants the world to believe that he or she is familiar with the minds and thought processes of others.

In our clime, almost all our policies in education are deliberately structured towards regional, tribal, religious, and family agenda. Quota system is still being adhered to as if we have endorsed institutional limitations. Not only that, the capable is governed by the incapable, with the ideas of the intellectuals being subjected to the foolish elements of quota. Economic opportunities for other Nigerians have also been limited. To make matters worse, we always believe in superhuman above super institutions. The result of such is what we see in the ‘Super Cop’ Abba Kyari, who got consumed by the otiose system he met on ground.

The major academic challenge which any attentive observer of governance in Nigeria must look into is why Nigeria has not produced another Wole Soyinka since 1986. Soyinka was a smart, ruthless nonconformist. That’s why he reared his head environment. Had ‘Kongi’ not discovered himself early enough, he most probably would not have become a Nobel Laureate. While the likes of Chinua Achebe subscribed to the prejudiced thinking of others, Soyinka was so cosmopolitan in his worldview that he destroyed all the cobwebs on his path and … roared. As luck would have it, the ‘Iroko’ had long blossomed before others could wake up from their slumber.

In Nigeria, problems persist at all levels, even in the academic world, which is still in the ivory tower, the town has entered the gown. The love of money has ruined the path leads to the truth. Ironically, before now, theories were established by the truth. Nowadays, supposed truth runs around to establish or support a theory. So, the time has come for the Nigerian academia to be totally arrangements. President Tinubu has a lot to

However, when a nation’s leadership is challenged as Nigeria is presently, it becomes incumbent for certain individuals and national institutions to rise to the occasion and toe a remedial path.

It is no longer in question that the quest for good governance and purposeful leadership are contingent on holding credible elections. Relatedly, the path to national greatness requires courage and Nigerians. There is, indeed, a dearth of both in our Nigeria in its present conundrum. As much as some may indulge in escapism and declare the 2023 presidential elections concluded, that is not the case. The matter and the fate of Nigeria now rest with the Nigerian judiciary.

espoused by Justice Mosunmola Dipeolu, that “It is essential for good governance to have a formidable building, because it stands as the watchdog of the society and does not allow the hope of common men to be lost.” The moment of truth is here!

For now, Nigeria’s 2023 presidential elections results remain in dispute. Those who urge the acceptance and grandfathering of INEC’s egregious declaration neither have an eye on history, nor interested in Nigeria’s long term wellbeing. Expediency in such national interest issues will always be fraught with miasma. No nation should legislate or legally sanction criminality. What Nigerians ought to be doing to escape the present quagmire is delve into its history and look elsewhere for guidance, if need be. There are for Nigeria, some close to home examples.

In 2017, the Kenyan Supreme Court declared the presidential elections held on August 8 as “null and avoid,” citing grave irregularities. As the Court ruled, “The presidential election held on August 8 was not conducted in accordance with the constitution.”

The court then ordered a new poll to be conducted within 60 days. It was a landmark decision.

Similarly, in 2020, the Malawi Supreme Court upheld a Constitutional Court ruling that President Peter Mutharika’s 2019 election was invalid because of widespread irregularities. In annulling the elections seven months later, the court cited “widespread, systematic and grave” irregularities alter the outcome. Consequently, it declared, “We consider that Peter Mutharika was not duly elected

Before Malawi’s election, the international community, including the United Nations, European Union and African Union, issued several statements ahead of the vote, by which they urged Malawians to uphold the rule of law and remain calm. In the aftermath of the elections, when there was clear consternation the same international bodies sued for calm, reminding the nation that “Malawi can draw on an impressive history of institutions and leaders stepping forward to safeguard your democracy and ensure peaceful resolution for internal tensions.” These exhortations have been and can be easily replicated in the circumstances presently confronting Nigeria.

What is left is for the Nigerian judiciary to Constitution and the eminence of the rule of law. Both acts are synonymous with Patriotism. nations have been rescued from perdition via such conducts.

Like equity, jurisprudence has universal value. Transformative legal rulings are transboundary. Precedents arise and are employed from every legitimate authority. This is more so in seamless information technology. Whereas some have argued that it’s folly to mistake precedent of court cases for knowledge, and that any such endeavour is not by itself law; it goes without saying that precedent is the GPS of law and indisputable guide on extant principles. There are unambiguous parallels in the Malawi and Nigeria presidential election cases. In Malawi, one of the grounds for annulling the elections was “irregularities, especially sheets.” In Nigeria, evidence abounds of result sheets that were “blurred,” “mutilated,” and carelessly altered, with the use of “correction is incontrovertible.

Everything that could possibly go wrong with an election went wrong with the 25 February presidential elections, thanks to INEC. Of the lot, the worst misdeed, which borders on criminality, is the egregious debasement of the Nigerian Constitution, thus creating a doctrine of substantial compliance. It put provisions of the Constitution in auto reverse, more so in neglecting dictates on winning requirement for Abuja FCT. Consequently, the judiciary negating this INEC legerdemain will not in spirit and letter amount to judicial legislation as some may presume.

Nigeria is like Kenya; like Malawi, no questions asked. Yet this needs to be asked: to uphold the constitution? Like the song says, “The answer is blowing in the winds.” Whether it will be good winds or ill winds remains to be seen.

Obaze, a politician, diplomat and governance and public policy expert, is a card carrying member of the Labour Party

3 THISDAY WEDNESDAY July 12, 2023 21
Komolafe writes from Ijebu-Jesa, Osun State
The Nigeria judiciary should look at issues dispassionately, argues OSELOKA H. OBAZE LEROY UBANI

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

EDITORIAL

AGAIN, THE CASE FOR PUBLIC TOILETS

All critical stakeholders must do more to provide conveniences

It is a common sight in many of our towns and their human dignity?

human waste, either

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

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LETTERS

WIDOWHOOD AND THE WINDOWS OF JUSTICE

The United Nations celebrated the international Widows’ Day on June 23 this year, as every other year. On that day, it was as important as ever to remember and resolve to protect a group that remains vulnerable to shocking human rights violations.

The way some Nigerian communities treat Ike Willie-Nwobu, Ikewilly9@gmail.com

4 THISDAY WEDNESDAY July 12, 2023
T H I S D AY EDITOR SHAKA MOMODU DEPUTY EDITORS WALE OLALEYE, OBINNA CHIMA MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE T H I S D AY N E W S PA P E R S L I M I T E D 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
22
The urge to ease oneself most often comes without much warning. When such an urge arises, it should be conveniently responded to. At present, that is not readily available in most Nigerian cities

H1: FG Spent $1.1bn on Foreign Debt Service as Total Remittances Hit $952m

Nume Ekeghe

As Nigeria continues to grapple with economic challenges, it has emerged that the federal government spent $1.169 billion to service its debt obligation from January to June 2023.

According to the export and international payment data released by the Central Bank of Nigeria (CBN), the federal government spent

$112.35 million in January 2023, $288.5 million in February, $400.5 million in March, and a significantly low service of $92.8 million for the month of April.

A further breakdown showed that the government spent $221 million in May and again another record low debt service of $54 million for the month of June.

The central bank data pegged total direct

remittances for the first half of the year 2023 at $952 million.

The CBN stated that the country in 2022 recorded total direct remittances of $2.16 billion as against  $2.43billion in 2021.

A breakdown showed that Nigeria recorded $79.18 million remittances for the month of January and $83.75 million in February 2023. However, the next few

months saw remittances expanded with March recording $138.62 million, April $150.04 million, May $202.89 million. The highest recorded for the first half was in June, which saw remittances peak at $297.48 million.

In contrast, Nigeria recorded $130,115,888.7 remittances in January 2022, February was slightly elevated at $132,110,312.6,

March was again elevated at $203,794,664.3 with a total for the first quarter pegged at $466,020,865.

Also, the month of April 2022 saw inflows of $165,771,432.3, May at $184,644,196.8 and the month of June, which saw the highest inflow for 2022 pegged at $394,546,934.47. Totally the second quarter inflows stood at $744,962,563.6.

The third quarter of 2022 started with $ 196,664,820.4 for the month of July while August saw $309,834,560.8 and September saw the lowest inflow in the year at with $100,083,873.1 in direct remittances. Furthermore, October recorded $110,778,558.7, November, $124,668,760.4 and December with a decline to $102,577,897.5.

Audit Professionals Urge Tinubu to Sign Service Bill into Law

Emejo in Abuja

Audit professionals have called on President Bola Tinubu to expeditiously sign the new Federal Audit Service Bill, which the National Assembly passed and transmitted to former President Muhammadu Buhari for assent.

However, Buhari did not sign the bill into law to replace the 1956 Audit Act, which is still in operation.

Experts have argued that a new audit regulation

was critical to holding the government accountable and upholding transparency.

Also, former a president, Institute of Chartered Accountants of Nigeria (ICAN), Mr. Ismaila Muhammadu Zakari, has joined other experts in urging the president to ensure speedy assent to the bill that the National Assembly passed in March 2023.

Speaking at the third Audit Reporting Training organised by FrontFoot

Media Initiative, the audit professionals lamented that the federal government has had no audited account since 2019 with no explanation.

They also pointed to the failure of many local governments to submit audit reports as stipulated in the 1999 Constitution.

Other audit experts at the workshop included ICAN Fellow and partner at HLB Z.O. Ososanya, Mr. Babatunde Kolawole and ICAN Fellow and Head of

Internal Audit at Premium Pension Limited, Abuja, Mr. Yusuf Doma, as well as an accountant and educationist, Mrs. Umeshie Bernadine Anikwe.

Some of the auditing issues highlighted by experts included the fact that the federal government has had no audited account since 2019 with no explanation and the failure of many local governments to submit audit reports stipulated in the 1999 Constitution.

Zakari added that local

government audits are noncompliant with the ICAN Accountancy Index 2017. He proposed future constitutional amendments and a resolution that governors and the president should take responsibility for presenting the respective audit reports to the legislature. This, he said, would compel compliance with the deadlines for submission of the audit reports outlined in the constitution.

Participants at the training

MARKET DATA AS AT TUESDAY, JULY 11, 2023

also agreed that effective public sector auditing would enhance democracy in Nigeria by checking excesses and engendering citizen trust and confidence.

FrontFoot Media Initiative said the audit reporting training remained its flagship capacity development programme to promote democracy by equipping the media with skills and the ability to report on the mandatory state and federal audit reports.

BUSINESS WORLD Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com
08056356325
23
RATES AS AT JULY 11,2023 MONEY MARKETREPOS & P INDEX S & P INDEXEXCHANGE RATE OPR 11.25% CALL 19.12% INDEX LEVEL 611.31% 1/4 TO DATE -0.07%N462.50/ 1 US DOLLAR* OVERNIGHT 11.50% 1-MONTH 16.25% 1-DAY 0.03% YEAR TO DATE 0.48%*AS AT LAST FRIDAY 3-MONTH 15.75% MONTH-TO-DATE -0.7% BONDS DESCRIPTIONPriceYield Change (%) Updated Time ^13.53 23MAR-2025 105.2310.10 -0.01 July 7, 2023 ^12.50 22JAN-2026 104.14 10.59 0.00 July 7, 2023 ^16.2884 17-MAR-27 112.27 12.06 0.00 July 7, 2023 ^13.98 23FEB-2028 104.58 12.63 0.63 July 7, 2023 ^14.55 26APR-2029 109.77 12.14 0.00 July 7, 2023
BILLS MATURITYDiscountYield Change (%)Updated Time NTB 24-Aug23 6.036.07 0.00 July 7, 2023 NTB 7-Sep23 6.03 6.09 0.00 July 7, 2023 NTB 26-Oct23 5.09 5.17 0.00 July 7, 2023 NTB 9-Nov23 5.27 5.37 0.00 July 7, 2023 NTB 7-Dec23 5.64 5.78 0.00 July 7, 2023 OTC FX FUTURES CONTRACT TENOR (MONTH) Contract Current Rate ($/₦) Updated Time 1 NGUS JUL 31 2024 892.95 July 7, 2023 2 NGUS AUG 28 2024 905.96 July 7, 2023 3 NGUS SEP 25 2024 916.80 July 7, 2023 4 NGUS OCT 30 2024 927.64 July 7, 2023 5 NGUS NOV 27 2024 938.48 July 7, 2023 CPS MATURITYDiscountYield Change (%)Updated Time JULI CP II 25OCT-23 17.72 18.72 0.57 July 7, 2023 ZEDC CP I 17-NOV-23 15.4016.31 0.42 July 7, 2023 NSDL CP IIA 22-NOV-23 19.4320.96 0.39 July 7, 2023 MTNN CP V 23-NOV-23 12.1512.74 0.39 July 7, 2023 NSDL CP IIB 23-NOV-23 19.4120.95 0.39 July 7, 2023 THISDAY WEDNESDAY, JULY 12, 2023

Moses: Robust Mortgage System

Necessary for Affordable Homeownership

Forbes councils coach, Amazon best-selling author, property mogul and Founder & CEO of Property Wealth Education, Dr. Daniel Moses in this interview with Eromosele Abiodun, speaks on investment opportunities in the Lagos property market, how establishing a robust mortgage system with favourable terms and rates, are necessary to enable more people afford homeownership. He also spoke about his book, “The Test: Transitioning from the Ordinary to Extraordinary,” and how to invest in UK properties that generates regular cash flow. Excerpts

Tell us about yourself and why you are so interested in real estate.

My name is Dr. Daniel Moses, and I am the Founder & CEO of Property Wealth Education. Real estate has always held a special place in my heart due to my personal journey and experiences. Several years ago, I faced significant challenges, including a business failure that left me with £150,000 in debt. At that critical moment, I made a life-changing decision to pursue wealth through property. Since then, I have not looked back. Today, I am proud to lead a successful 7-figure property business, with aspirations to achieve 9 figures within the next decade. With over 1,000 satisfied clients whom I have mentored, I find immense joy in witnessing their transformations and successes. As a devoted husband and father, my family values and faith in God serve as my guiding principles, inspiring me to teach and empower others to build generational wealth through property.

Give us your background in real estate and your key portfolio.

My real estate background encompasses properties located across London and the north of England. I have built a diverse portfolio that includes shared houses, short stay lets, and family lets. These properties consist of both privately owned assets and properties I manage for others. By maintaining a versatile portfolio, I ensure a balanced approach to investment and capitalise on various market opportunities.

What do you think about the Lagos property market and its challenges?

The Lagos property market offers tremendous growth potential and investment opportunities. However, it also presents its fair share of challenges. The rapid population growth and urbanisation in Lagos have led to high demand, driving property prices upward. This affordability challenge affects many individuals and families. Additionally, inadequate infrastructure, such as power supply and transportation systems, can hinder property development and investment. Issues related to land documentation and titling processes can also create hurdles for property transactions. Despite these challenges, the Lagos property market remains attractive due to its potential for capital appreciation and rental income. With the right strategies and market knowledge, investors can navigate these challenges and capitalise on the opportunities that Lagos offers.

What projects would you prefer to market, commercial or residential?

I would currently lean towards marketing residential properties. While I do have insights into the commercial market, especially in the UK, I believe that residential properties offer more potential for beginners in property investment. They provide a solid foundation and the opportunity to gain substantial returns. Once a strong position is established in the residential market, one can venture into the commercial market with more stability and cash flow, enabling them to compete with established players.

A good number of people have suffered setbacks in terms of investment in property in Lagos. What is your advice for prospective investors?

Although I haven’t personally invested in Lagos for around 20 years and don’t have extensive knowledge of the current market, I can provide some general advice. Investing in Lagos can present challenges, particularly in securing lending and financing. It’s crucial for property developers and investors to understands how to leverage and raise investment finance to strengthen their position in the market and overcome setbacks. The lack of easily accessible mortgage systems in the Nigerian market adds to the difficulties. This stands in contrast to international countries like the UK and the United States, where mortgages are readily available to citizens. The availability of mortgage options significantly contributes to a thriving market. Prospective investors in Lagos should focus on understanding the financing landscape and exploring creative ways to raise capital. Building strong relationships with lenders, leveraging partnerships, and seeking guidance from experienced professionals can help mitigate

setbacks and increase the chances of successful property investments.

What’s the ROI like with your projects? What can tilt prospective buyers your way, considering the stiff competition out there in a depressed economy?

Over the past six years, I have been involved in various property projects, both personally and for investors. Let me share an example from one of our past projects. We acquired a three-bedroom semi-detached house in London for £450,000. After investing approximately £220,000 in refurbishing the property and converting it into a six-bedroom House of Multiple Occupation (HMO), we had the property revalued at around £950,000. This increase in value was achieved through strategic improvements and adding bedrooms. In some cases, we incorporated features that could potentially increase the property’s value by more than £20,000. With the property’s new valuation, we secured a remortgage against its new value at 80 per cent loan to value, releasing almost all our initial investment without selling the property. Currently, the same property generates a gross rental income of approximately £72,000 per year. Analysing this scenario reveals a significant return on investment, almost bordering on being infinite.

I must emphasize that these types of projects may not be available every day, but they demonstrate the lucrative nature of the UK investment market. Understanding market dynamics, having a keen eye for opportunities, and knowing how to navigate the market can give prospective buyers a competitive edge, even in a challenging economy.

There are growing cases of conflict between developers of estates and homeowners in respect of control of facilities. What, in your opinion, can resolve this issue?

Clear and well-defined agreements between developers and homeowners regarding facility control, along with effective communication and dispute resolution mechanisms, can help resolve conflicts in a fair and amicable manner. Establishing transparent guidelines

and maintaining open lines of communication throughout the development process are vital to prevent misunderstandings and foster harmonious relationships.

Housing finance is a crucial component of homeownership. What do you think about Nigeria’s mortgage system?

When assessing Nigeria’s mortgage system, it becomes evident that there is a need for substantial improvements. Limited access to affordable financing options and high interest rates poses challenges for prospective homeowners. Enhancements to the system, such as establishing a robust mortgage system with favourable terms and rates, are necessary to enable more people to afford homeownership.

What role do you think the government should play to enable more Nigerians to have suitable accommodation?

The government should play a crucial role in enabling more Nigerians to have suitable accommodation. This includes facilitating access to financing through initiatives like establishing a robust mortgage system, providing financial assistance programs, and encouraging publicprivate partnerships. Enhancing infrastructure development and supporting slum upgrading and rehabilitation programs are also essential to improve living conditions and create more affordable housing options, and more private investor to establish mortgage banks for lending would help a lot of developers and lenders thrive in the market.

Is it compelling for everyone to build a house or have access to decent accommodation? What are your thoughts on this?

From an investment perspective, I highly recommend individuals focus on acquiring income-generating assets, such as properties, before considering their own residence. Personally, in the UK, I live in a rented house while building a property portfolio that generates rental income. I believe it’s important for people to prioritize creating wealth through assets first, which can offer long-term financial benefits, rather than solely

focusing on homeownership.

Some people have bought land designated as government excision from people who are not authorised to sell. What do you think can prevent this, particularly with prospective buyers?

To prevent unauthorised land sales, prospective buyers should take preventive measures, such as conducting thorough due diligence. This includes verifying the seller’s authorization to sell, examining legal documents and land titles, and consulting relevant government agencies for verification. Engaging the services of legal professionals and reputable real estate agents can provide guidance and ensure adherence to necessary procedures. Additionally, raising awareness about the risks involved and promoting public education on land transactions can help protect individuals from falling victim to such fraudulent activities.

Your book, “The Test: Transitioning from the Ordinary to Extraordinary,” is based on your experience in business. Tell us about the book.

“The Test: Transitioning from the Ordinary to Extraordinary” is a heartfelt book that draws upon my personal experiences, difficulties, tests, sufferings, and victories. Inspired by my entrepreneurial journey and mentoring over 1,000 clients, the book provides insights and practical strategies for achieving success in all areas of life. I share personal stories and offer guidance on overcoming challenges, harnessing the power of the mind, making effective decisions, seeking advice from the right people, and selecting wealth creation opportunities. It is the second part of my entrepreneurial journey, and my hope is that readers can relate to the concepts, find applicable wisdom, and apply them to their own lives. I believe that there is room for all of us to achieve greatness, and I am excited to see readers reach new heights through the book.

What should Nigerians who are looking to invest abroad do, considering the current trend of “JAPA” taking place in history?

Well, this question addresses two important issues. Firstly, before making the decision to travel abroad, it is crucial for Nigerians to engage in thorough analysis and research. Traveling solely for the sake of it without proper planning may lead to challenges and obstacles along the way. Success in a foreign country requires hard work and determination. Factors such as exchange rates, job prospects, and settling down in the new country should be carefully considered before embarking on such a journey. Secondly, investing abroad can be an excellent opportunity for Nigerians, especially for purposes such as seeking quality medical treatment, providing education for their children, or even regular visits to countries like England. It is important to explore avenues for investing in real estate in the United Kingdom by seeking advice from knowledgeable investors or professionals in the field like me. Options such as investing in properties that generate cash flow on a monthly or yearly basis can provide a substantial income to cover expenses while staying abroad. Nigerians should also consider how they can invest internationally and earn income in foreign currency that can be used back home in Nigeria. Given the current economic challenges and exchange rate fluctuations, careful consideration and consultation are necessary.

There are various ways to invest in UK real estate or other international markets, and seeking guidance from experts, such as scheduling consultation calls, can provide valuable insights into different investment options. This approach allows individuals to earn income while in Nigeria or while visiting foreign countries, rather than solely relying on paying their expenses for medical treatments or education the serving in Naira. Nigerians should begin to consider investment opportunities and strategies rather than solely focusing on traveling abroad. Investing in real estate or other assets that generate income can provide financial stability and cover expenses while staying in foreign countries. It is important to explore various investment options, seek advice from experts, and consider the potential benefits of generating income in foreign currencies to address the current economic challenges.

24 WEDNESDAY, JULY 12, 2023 THISDAY BUSINESSWORLD INTERVIEW
Moses

Optimum Petroleum Tackles Lekoil over OPL 310

The recent suit filed by Lekoil Nigeria Limited at the Federal High Court in Lagos where it secure an ex-parte injunction against Optimum Petroleum Development Limited has not only heightened the dispute between the two companies but revealed what many did not know, Wale Igbintade writes

The recent order of injunction granted by a Federal High Court in Lagos Lekoil Nigeria Limited (LNL), an oil and gas exploration and production company against its partner, Optimum Petroleum Development Limited, to prevent the company from interfering with its rights and interest in the Oil Prospecting Licence (OPL) 310 asset area has again raised some questions in the legal circle as to whether a party can re-litigate a claim, defence or issue that had already been litigated.

While Lekoil in a statement by its Chief Executive Officer, LekanAkinyanmi, said the injunction became necessary to allow the company look forward to the conclusion of the license conversion and retention, Optimum Petroleum said Lekoil concealed and misrepresented material facts concerning the dispute and proceedings before the courts.

According to Akinyanmi, “Lekoil requested that the court grant an order of interim injunction restraining Optimum Petroleum from taking further steps to expropriate, appropriate, transfer or extinguish Lekoil’s rights and interests in the 40 per cent participating interest in OPL 310.

“Also, Optimum Petroleum is restrained from making representations before any regulatory authority that the rights of Lekoil in the 22.86 per cent participating interests has reverted to Optimum Petroleum or any other authority or person,” the statement said.

He stated that Lekoil resorted to litigation after numerous efforts to agree with Optimum Petroleum about securing Lekoil’s40 per cent participating interest in OPL 310.

“In 2013, Lekoil acquired a participating interest of 17.14 per cent through its affiliate Mayfair Assets and Trust (Mayfair), with ministerial consent granted in 2017. The company acquired a further 22.86 per cent in 2015 via acquiring the entire issued share capital of Afren Investment Oil and Gas Limited (AIOGL) from the court-appointed administrator of the insolvent parent Afren,” Akinyanmi added.

He noted that thereafter, the company sought ministerial consent through the then regulator and operator, with that application for consent remaining pending. It added that it is committed to working with all stakeholders to develop Nigeria’s oil and gas resources responsibly and sustainably.

“This is an important step in protecting our rights and interests in the OPL 310 license area, as well as the interests of investors in Nigeria’s oil and gas sector and will allow us to move forward with credible development plans that will benefit the nation,”

Akinyanmi,

But in its response, Optimum Petroleum said the dispute started when both Afren, Lekoil failed to obtain its consent and the consent of the Minister of Petroleum before the transfer of the company’s shares to Lekoil and 22.86 per cent participating interest in OPL 310.

In a rejoinder made available to THISDAY, Optimum Petroleum pointed out that on March 28, 2019, the Federal High Court, Lagos Division, presided over by Justice M.S. Hassan, delivered judgment in favour of the company and the petroleum minister in Suit No. FHC/L/CS/482/18.

In a statement signed by its Chairman, Alhaji Ibrahim Bunu, the company disclosed that the court in its judgment dismissed the suit as lacking in merit when it found that Lekoil had not acquired the shares of Afren and by that, interest in OPL 310 as its purported acquisition was inchoate and invalid.

It added that by the judgment, the consent of the petroleum minister and the consent of Optimum Petroleum to the transfer of shares of Afren to Lekoil and indirectly the 22.86 per cent interest in OPL 310 could not be obtained in default.

Besides, it stated that by the judgment of the Federal High Court, Afren and Lekoil failed to obtain the consent of Optimum Petroleum and the petroleum minister before the purported transfer of the shares of Afren to Lekoil.

“Lekoil and Afren appealed this judgment to

the Court of Appeal, Lagos Division but later withdrew the appeal by a Notice of Withdrawal of Appeal filed on 16th May 2019 at the Court of Appeal thereby confirming the judgment as final, valid, subsisting, and binding”.

“Optimum notes with great concern some recent publications purportedly issued by Afren titled: “Notice of caution to all persons dealing or considering dealing with the 22.86 per cent participating interest held by Afren Investment Oil and Gas Nigeria Limited in OPL 310 pursuant to consent by the Minister of Petroleum Resources in accordance with Nigerian Petroleum Law” which were published in the Punch Newspapers on 8th May 2023, THISDAY Newspapers on 10th May 2023 and Energy Times Newspaper on 29th May to 4th June 2023, among other newspaper and online publications.

“Aside from the fact that no name or position in Afren was indicated as the author of the said publications on behalf of Afren, the said publications concealed or otherwise misrepresented material facts concerning the proceedings before the court and the subsistence of an ex parte order of injunction granted by the court on 30th March 2023 in another suit initiated by the same plaintiffs after the said final judgment of the same court on 28th March 2019, to wit: Suit No. FHC/L/ CS/563/2023 – Afren&Lekoil v. Optimum,” the statement explained.

Optimum Petroleum said it was constrained to release the rejoinder to set the records straight and

protect the integrity of the court and the proceedings before the court and for the benefit of the investing public, third parties, and the world at large.

It noted that the said publications concealed the fact that after the company was served with the said ex parte order of injunction on April 6, 2023, Optimum Petroleum filed and served a motion on notice to discharge the said ex parte order of injunction on April 17, 2023, and the said motion on notice was not heard or argued in court within 14 days of filing it.

“Therefore, in line with the provisions of order 26 rule 10(1)(a) and (3) of the Federal High Court (Civil Procedure) Rules 2019, the said ex-parte order of injunction automatically expired or lapsed by operation of law within 14 days of the filing of the motion on notice to discharge the ex parte order, that is, 2nd May 2023,” it argued.

The company added that the Order 26 Rule 10(1) (a) and (3) of the Federal High Court (Civil Procedure) Rules 2019 provided that an ex parte order shall not last for more than 14 days after the person affected by the order has applied for it to be discharged.

In addition, it said the situation can only take place where a motion to discharge the ex-parte Order is not heard or argued within 14 days of its being filed, the ex-parte order shall lapse.

Optimum contended that this position of the law has been settled in a plethora of cases by the Supreme Court such as the case of Brittania-U (Nigeria) Ltd v. Seplat Petroleum Development Company Ltd (2016) 4 NWLR (Pt. 1503) 541.

“In this regard therefore, the said publications in the Newspapers on 8th, 10th, 29th May, and 4th June 2023 respectively are false, malicious, offensive, a clear misrepresentation of facts, and an affront to the integrity of the court when they state that the ex-parte order of injunction made on 30th March 2023 by the court is still subsisting and effective as at the date the publications were made.

“Optimum reserves its right to seek appropriate legal remedies and urges the investing public and third parties to disregard those false, offensive, malicious, and/or other similar publications.

“Optimum Petroleum uses this opportunity to assure the investing public, third parties, and the world at large that Optimum Petroleum is vigorously contesting and challenging Suit No. FHC/L/CS/563/2023 which raises issues that are the same or similar to issues that were determined by the final, valid, and subsisting judgment of the court in Suit No. FHC/L/CS/482/18.

“The only significant difference is that Suit No. FHC/L/CS/482/18 was before a different judge.

“Be that as it may, in deference to the integrity of the court, Optimum Petroleum will refrain from delving into issues or taking steps concerning issues that are presently subjudice in Suit No. FHC/L/ CS/563/2023,” it noted.

Insurance Industry Without Irukwu

The foundation of insurance sector in Africa, no doubt was shaken like an earthquake last weekend by the news of the demise of Prof. Joe Irukwu, aptly described as Father of Insurance and the first and only Professor of insurance.

A moving insurance encyclopedia and a pioneer risk management guru and actuarial science Professor and pacesetter, Irukwu indeed until his death stood tall and outstanding like an “iroko” tree among other experts, while his wealth of wisdom, knowledge and expertise in insurance was nonparallel. He was well respected as an institution and authority in insurance, which of course, he demonstrated in every opportunity and at international fora.

The solid foundation he laid for Nigerian Insurance sector and indeed African Insurance industry and his contributions will forever be remembered. It is on record that he was the brain behind the formation of the legal framework of insurance practice, writing professional books to the actuarial practice, forming and leading the various professional bodies and unions in the region and even championing the course of drafting the various laws guiding the practice of insurance profession in Nigeria and beyond.

Irukwu like the renowned choral musician, George Fredrick Handel, who was said to be thinking about music even at his moment of death, was said to be thinking

and soliloquising on Nigerian insurance industry even while struggling with the cold hand of death until he breathed his last.

During his active years, the name Professor Joe Irukwu was synonymous with insurance profession to the extent that most Nigerian presidents know nothing about insurance other than Joe Irukwu.

But in the words of the famous playwright, William Shakesphere in his widely read book, “Merchant of Venice,” while speaking about the frailty of man and limited nature of his tenure in every sphere of life, irrespective of his popularity during that tenure, said, “Hold the world but as the world, Gratiano, a stage where every man must play a part, and mine a sad one. God made him, and therefore let him pass for a man.” Professor Irukwu’s tenure as father of insurance waned like a shinning moon last weekend with the news of his death at the age of 89.

His death indeed, threw the entire insurance industry in Nigeria and across African region into deep mourning.

Indeed, Irukwu’s death though at a fair old age of 89 to an average insurance chief executive in Nigeria was as painful as the death of a youth because of his position and important role he plays in insurance industry even at old age.

It was as if insurance industry has been stripped of its crown of glory as though

not only Nigeria but African insurance market

the industry has in the recent past lost its important elders, operators’ hope and fate in the industry was still alive with the presence of indefatigable figure like Irukwu still supporting the industry from the background.

HIS LIFE

Professor Joseph Ogbonnaya Irukwu was born on July 20th 1934 and died on July 7th, 2023 . He was a Nigerian insurance executive, lawyer, lecturer and author who wrote, published works about the insurance industry in Africa. He was also a President of Ohaneze Ndigbo, an ethno-political and social group that represents the interest of Igbos in the Nigerian polity.

Irukwu was the founding Managing Director of Nigerian Reinsurance Corporation, in 1989, he founded African Development Insurance Company (ADIC) which was later sold to Diamond Bank. But Diamond Bank, following the Central Bank of Nigeria (CBN) directive on banks’ compulsory divestment from non banking business sold its 96.15 percent stake in ADIC Insurance to NSIA Insurance which is currently one of the strong operators in the insurance market today.

In the words of the Controller/Head Human Resources and Admin /Corporate Services Nigeria Insurers Association who was recently appointed the Executive Secretary West Africa Insurance Companies Association(WAICA), Mr Davis Iyasere, “Whatever milestones Professor

Irukwu has achieved in the politics and as a scholar pale into insignificance when compared with his contributions to the insurance industry in Nigeria and indeed in the African continent.

He was Nigeria’s first Professor of Insurance and Insurance Law and a leading African authority on Corporate Governance, Insurance and Risk Management.

HIS ACADEMIC CAREER

He obtained his degree in Law and Insurance from a British university in 1962. Upon returning to Nigeria, he found employment with West African Provincial Insurance Company, a British firm operating out of Lagos. Originally, a legal adviser, he rose within the firm and joined the managerial cadre of the firm’s insurance department in 1965.

In the early 1970s, Irukwu began to conduct lectures in actuarial science at University of Lagos. In addition, he was involved in developing training programs at the West African Insurance Companies Association (WAICA) and at the West African Insurance Institute.

NOTE: The story continue online on www.thisdaylive.com

He was appointed chief executive officer of Unity Life and Fire Insurance Company and it was while working at Unity that his profile began to rise. In 1972, the government appointed him head of the student loans board, a committee with the responsibility to disburse loans to thousands of students.

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

25 THISDAY WEDNESDAY, JULY 12, 2023
BUSINESSWORLD OIL AND GAS
The recent suit filed by Lekoil Nigeria Limited at the Federal High Court in Lagos where it secure an ex-parte injunction against Optimum Petroleum Development Limited has not only heightened the dispute between the two companies but revealed what many did not know, Wale Igbintade writes
Professor Joe Irukwu who died last weekend at the age of 89 was one of the pioneers who developed the insurance industry in Nigeria. In this report, Ebere Nwoji captures the feelings of the industry operators on his contributions to the development of

Boosting Investors’ Confidence

in the economy

By default, Nigeria’s profile as the most populous country, and biggest economy in Africa should automatically make it the destination of choice for foreign investors. Even though this was the reality many years back, the reverse is the case currently.

Understandably, the hostile investment climate characterised by insecurity, multiple taxations, and lack of infrastructure including power and skilled manpower seems a turn-off to investors.

It is not that investors don’t show interest in investing in the country but whenever they come and realise the challenging investment landscape, they are further discouraged.

HUGE INTERESTS, NONCOMMITMENTS

The Nigerian Investment Promotion Commission (NIPC) periodically tracks investment interests in Nigeria.

The commission stated that it tracked investments valued at about $23.30 billion in 2021, which represented about 39 per cent increase over the $16.74 billion recorded in 2020.

The investment announcements, though not actual investments, nevertheless help to gauge confidence levels and appetite in the business environment.

The NIPC had indicated that the increase in the value of investment interests in the country further demonstrated the growing adaptation to the global ‘new normal’ after the economic disruption occasioned by the restrictions imposed to check the spread of the COVID-19 pandemic.

Although the improvement showed the growing confidence of investors in the government’s efforts to improve the national investment landscape, in the past, some of the investments tracked did crystalise but the majority of the interests shown in the Nigerian economy have not come to fruition in recent times.

According to the data tracked, Lagos, Bayelsa, Delta, Akwa Ibom and Adamawa ranked as the five leading investment destinations with $8.7 billion, $3.6 billion, $2.9 billion, $2 billion, and $1 billion respectively in 2021. The manufacturing sector had 20 projects valued at $10.5 billion or 45 per cent of total investment prospects among others.

In the third quarter of 2021 alone, a total of $8.99 billion was tracked as investment announcements involving 33 projects spread across eight states of the federation.

LOW CAPITAL INFLOWS

Despite the huge interest often shown by investors in the economy, actual investments are still elusive.

According to a recent report by the National Bureau

of Statistics (NBS), total capital importation into the country rose by 6.78 per cent to $1.13 billion in the first quarter of the year (Q1 2023), compared to $1.06 billion in the preceding quarter.

This, however, represented a 28 per cent decline when compared with the $1.57 billion recorded in Q1 2022.

The largest capital importation during the period was received from portfolio investment, which accounted for $649.28 million, representing 57.32 per cent of total capital imported.

DISINCENTIVES TO INVESTMENT

According to analysts, some of the key issues in the investment environment are related to insecurity, bad government policies and the perceived constraints of the country’s foreign exchange segment.

Reputable global financial and investment ratings agencies including the World Bank and the IMF had severally urged the government to

overhaul its exchange rate policies which they believed were keeping investors at bay.

They were questions about the country’s operation of multiple exchange rates which they said were major disincentives for foreign investment.

There had been a growing agitation by both foreign and local investors for critical reform in the foreign exchange segment, particularly floating the Naira and allowing market forces to determine its real value.

However, the concerns of the economic managers had been that the present economic fundamentals do not support FX unification or allow the forces of demand and supply to determine the value of the naira.

The argument was partly because Nigeria remained largely import dependent with a low industrial and export base. In essence, with the uncertainties in the oil economy, it is unable to earn enough dollars to support the naira in the event of a currency float.

Ideally, the concerns around the naira float had been largely on the supply side.

WHY FX SEGMENT MATTERS

Essentially, a country’s foreign exchange policy remains critical for investors’ confidence as a clear and consistent policy provides stability and predictability for investors. When a country has a transparent policy framework, investors can assess and understand the rules and regulations governing foreign exchange transactions.

Stability fosters confidence as investors can make informed decisions regarding their investments without undue uncertainty or risk.

In addition, foreign exchange policies that prioritise investor protection contribute to investor confidence. This includes regulations and mechanisms to ensure the repatriation of profits and capital, fair treatment of investors, and the availability of effective legal recourse in case of disputes. In other words, investors feel more confident when they know their investments are protected and that they can freely convert and repatriate their funds.

Foreign exchange policies also need to be aligned with a country’s overall monetary and fiscal policy framework as investors seek assurance that foreign exchange policies are consistent with broader economic policies and objectives. Coordination between monetary authorities and fiscal authorities helps maintain macroeconomic stability, control inflation, and ensure sustainable economic growth.

A NEW DAWN

From the foregoing, it is no wonder that the recent policy changes by the Central Bank of Nigeria (CBN) in the country’s FX market had been able to cause a positive reaction from local and foreign investors.

The acting CBN Governor, Mr. Folashodun Shonubi, had recently abolished the segmentation in the foreign exchange (FX) market and collapsed all rates into the Investors and Exporters (I&E) window – to the excitement of investors and analysts.

Among other immediate reforms, the CBN under Shonubi, also announced the cessation of the RT200 Rebate and Naira4Dollar Remittance Schemes, with effect from June 30.

NOTE: The story continue online on www.thisdaylive.com

Opara: Reforms of Present Administration Commendable

In this interview, the President of the Chartered Institute of Bankers of Nigeria, Ken Opara commended the new administration’s monetary and policy direction, stating that it is targeted at boosting the economy. He also spoke extensively on pertinent industry issues. Nume Ekeghe presents the excerpts:

Can you assess the banking sector, where it is now and where you think its headed?

Ithink essentially, the banking industry has gone a very long way and has made a very significant impact in the economy. It has supported the real sector, supported small businesses, and has built a viable payment system. But it is also important to state that we are not there yet in terms of where we should be. There are a lot of other challenges including the need to deepen financial access to SMEs as well as support to real sector, agricultural processing/value chain and infrastructural development. In summary, payment services need to be more friendly, more prompt and more customer – centric.

You just mentioned how vital it is to support manufacturing and the real sector, however recently there were reforms on foreign exchange management, how much of an impact do you think it would have on manufacturing, the economy in general and on inflation?

The key thing for us to understand is that the essence of unifying the exchange rate is to have a single foreign exchange rate where players in every sector can be able to access their FX need in a uniform and transparent rate. Once you’re able to do this, you will be able to have confidence of investor in inflowing FX into the economy knowing quite well that foreign exchange rate will reflects the real value of Naira. Once this happens, it improves the flow of FX which will also support FX availability for those in the manufacturing sector that may require FX to bring in equipment or raw materials

that will boost their output.

You can see that the Central Bank of Nigeria (CBN) has directed oil companies to sell FX directly to banks to deepen the FX availability at the I & E window. This may not immediately translate to huge inflows from FPI and FDIs. The issue of negative yield on their instruments due the inflation is another area requiring attention.

Can you assess this new administra-

tion’s monetary and fiscal direction, can you evaluate the thoughts around the recent reforms and their impact?

Are we headed in the right direction?

The reforms have been commendable so far. Of course, you can see that from the issue of fuel subsidy removal, which had been a thorny issue. CIBN had organised a program just recently to show the opportunities that are available because of fuel subsidy removal. For instance, the country spent about N4.3 trillion alone in the last one year on fuel subsidy. So, this means that this amount can now be channeled to sectors like, infrastructure, health education and other critical areas.

The unification of foreign exchange rate like I said, is also a good step. All that is needed is disciplined execution in terms of allowing the rate to continue to be market driven. We need to also support export through various incentives to deepen our FX earnings. The tax reform and the deferment of the implementation of the finance act by 90 days, including the removal of the 5% excise duty and escalations on locally manufactured products, are seen as steps in the right direction.

Finally, since you emerged as president, can you tell us the focal points and what we can expect from you throughout your tenure?

Essentially, my agenda is titled the future is now. We have achieved a significant milestone getting the Gen Z and millennia to develop interest in our programs and is already showing result. For the first time

in the history of the institute, in a single year, we have been able to grow the membership base by over 18,000. Out of this, the younger ones represent over 15,000. There is a growing interest by the younger ones in the activities of CIBN. Today is a major landmark as we flag off the maiden edition of the Annual Gen Z forum. We have also built strong collaboration with critical stakeholders such as FINTECH, Afrexim, RIMA etc. Through the Afrexim collaboration, we have developed curriculum and capacity certification program on trade, especially for businesses seeking to take opportunities in the African continent free trade area (AfCFTA).

Technology Innovation is another milestone and so we have started the process of full automation. It will interest you to note that for the first time in the history of the Institute, we have been able to run full proctoring program examination, meaning that students had to take their CIBN examination online without having to go into a physical space. And that is also attributed to the fact that we created a digital platform that is seamless.

This exercise commenced successfully in the last April diet examination. We would continue to support the issues that confront the industry as CIBN remains the conscience of the financial industry. We would continue to organise programs working with the body of bank CEOs. On the legacy project, we are pleased to note that we recently completed a metro 160-seater auditorium at Olabisi Onabanjo University, Ago-Iwoye, bringing to a total of seven of such projects in seven of our higher institutions spread along the entire geographical areas of the country. The project is at advanced stage of completion.

26
BUSINESSWORLD ECONOMY WEDNESDAY, JULY 12, 2023 THISDAY
Tinubu
James Emejo writes that apart from the laudable reforms in the foreign exchange market, the government must do more to increase investors’ confidence
WEDNESDAY JULY 12, 2023 • THISDAY 27

CIBN to Engage Youths on Future of Banking, Payment Ecosystem

Nume Ekeghe

The Chartered Institute of Bankers Nigeria (CIBN) has announced plans to engage over 5000 youths within the financial systems ecosystems on the trends that would guide banking of the future at the ‘Generation Next Forum.’

The forum which is slated to hold in Lagos would converge stakeholders to discuss the theme, “Industry 5.0 Banking Revolution: Insights for Generation Next.”

The President/Chairman of the Council, Ken Opara in a press conference recently stated that the primary objective of the forum is to offer strong platform for stakeholders to analyse the significance of the Fifth Industrial Revolution and its far-reaching effects on the banking and finance sector.

Opara said: “This forum aims

to provide a robust platform for stakeholders to examine the criticality of the Fifth Industrial Revolution and its profound impact on the banking and finance industry especially as it affects the young generation which has been a cardinal focus of my Agenda as the 22nd President/Chairman of Council of the Institute. From available statistics, Nigeria has the largest population of youths in the world, with a median age of 18.1 years. About 70 per cent of the population are under 30 and it is not controvertible that the future belongs to this segment of the population. We believe that the future is now, as such, our focus is to attract, groom, mentor, prepare, and collaborate with this special segment to get them ready for the task ahead.”

He added that the Generation Next Forum will bring

together over 5000 participants, comprising majorly Gen-Z and millennial participants, decision-makers, operators and other key players within the financial services ecosystem.

He added: “We are confident that the Generation Next Forum will inspire a new generation of banking professionals, facilitate knowledge sharing, and foster the development of innovative solutions to address the challenges in our society. It will be an opportunity to engage with the brightest minds and emerging talents who are shaping the future of banking and finance in Nigeria.”

On his part, the Chairman of the Planning & Organizing Committee, Generation Next Forum, and Managing Director, Nova Merchant Bank, Nath Ude noted that this forum is which is a maiden edition would henceforth hold annually.

CITN Lauds Tax Reforms, Urges Stakehoders Engagement

Omolabake Fasogbon

The Chartered Institute of Taxation of Nigeria (CITN) has expressed optimism on the new tax policy of President BolaTinubu, describing the move as being timely to spur economic growth.

The Institute also lauded federal government’s decision setting up a Presidential Committee on Fiscal Policy and Tax Reforms, headed by Mr. Taiwo Oyedele.

It reiterated that the commit-

tee’s mandate would improve the tax system and compliance level of payers.

President Tinubu had recently signed four Executive Orders deferring and suspending the commencement of certain taxes paid by individuals and companies in the country.

The orders with key fiscal policy measures featured prominently the suspension of the 5 per cent excise tax on telecommunication services and excise duties on

locally manufactured vehicles, amongst others.

President of CITN, Mr. Samuel Agbeluyi in a statement however tasked the authority on open dialogue and engagement with stakeholders in the Nigerian tax system.

“This is necessary to engender all inclusive and meaningful reforms. We expressed our commitment to participate fully we have always done in the current reforms process, “Agbeluyi stressed.

DBN Empowers Over 1,000 MSMEs in Northern Nigeria

Nume Ekeghe

As part of its on-going efforts to enhance the capabilities of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, the Development Bank of Nigeria (DBN) recently arranged a one-day training session for more than 1,000 small businesses in six states situated in the Northeast and Northwest regions.

The participating MSMEs were located in Gombe, Maiduguri, Adamawa, Katsina, Sokoto, and Kebbi. In each of these locations, the training program focused on building the capacity of the MSMEs and featured facilitators who possessed expertise in business management specifically tailored for small and medium-scale enterprises.

A statement from DBN stated that the training focused on optimisation and development of skills, aimed at further strengthening the capacity of the beneficiaries to scale up their businesses.

It also said the key objective of the training programme across locations, was to help the owners of the businesses develop their capacity and gain better knowledge of how they could access the DBN funding through the participating financial intermediaries (PFI).

The Managing Director/ CEO, Development Bank of Nigeria, Dr. Tony Okpanachi, commended the facilitators for bringing their expertise and experience to bear and expressed the optimism that the training would have a lasting impact on

the participants and their businesses.

He affirmed that the training was in line with the Bank’s unwavering commitment to strengthening the capacity of MSMEs in the country so that they can continue to contribute more to economic growth and development of the country.

Okpanachi said: “The strategic role of MSMEs as enablers of socio-economic development cannot be over-emphasised. A larger percentage of businesses in Nigeria are in the informal sector dominated by MSMEs. The MSMEs sector is a significant pillar for the Nigerian economic growth; they make up 97 per cent of businesses, generate six million jobs and contribute 50 per cent of national GDP.

Experts Plans 2023 World PR Day

Funmi Ogundare

Professionals, thought leaders, experts, and undergraduates from around the world, will on July 16 commemorate the World PR Day.

It is a global event, held annually to recognise and celebrate the field of public relations and communications while fostering a unified global agenda to enhance understanding and utilization of Public Relations ( PR).

The Founder and Convener of World PR Day, Mr. Ayeni Adekunle, emphasised the

strategic significance of PR, stating, “PR plays a crucial role in building relationships, achieving business objectives, and preventing crises that could jeopardise companies or even lead nations to war. It shapes public opinion and creates a world where communication is intentional, credible, positive, powerful, and has a developmental influence.”

He said last year’s programme themed, ‘Trust, Truth, and Transparency,’ witnessed an array of conferences, fireside chats, virtual and physical events, summits, and festivals

organised by renowned PR and communications agencies such as GLG Communications, Global Media Alliance Forum, and the Public Relations Council of India.

In addition to the festivities, he added that the 2022 edition, showcased a global agenda designed to explore the noble aspects of the profession, address misconceptions and motivate PR practitioners to fulfil their duty of facilitating responsible communication, advancing organisational goals, and making positive contributions to society and the environment.

Money Market Indicators (in Percentage)

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), 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).

BUSINESS/ MONEYGUIDE
MARKET
MONEY AND CREDIT STATISTICS (MILLION NAIRA) MARCH 2023 Money Supply (M3) 54,634,063.50 -- CBN Bills Held by Money Holding Sectors 442,402.18 Money Supply (M2) 54,191,661.32 -- Quasi Money 32,839,133.46 -- Narrow Money (M1) 21,352,527.87 ---- Currency Outside Banks 1,445,439.42 ---- Demand Deposits 119,907,088.45 Net Foreign Assets (NFA) 5,992,904.55 Net Domestic Assets(NDA) 48,641,158.95 -- Net Domestic Credit (NDC) 70,596,115.20 ---- Credit to Government (Net) 27,529,720.19 ---- Memo: Credit to Govt. (Net) less FMA 0.00 ---- Memo: Fed. and Mirror Accounts (FMA) 0.00 ---- Credit to Private Sector (CPS) 43,066,395.01 --Other Assets Net 11,123,812.79 Reserve Money (Base Money 15,975,739.59 --Currency in Circulation 1,683,498.35 --Banks Reserves 14,292,241.24 --Special Intervention Reserves 419,889.49
INDICATORS
MonthApril 2023 Inter-Bank Call Rate 15.80 Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR) 18.00 Treasury Bill Rate 5.73 Savings Deposit Rate 4.59 1 Month Deposit Rate 7.32 3 Months Deposit Rate 7.92 6 Months Deposit Rate 9.84 12 Months Deposit Rate 8.18 Prime Lending rate 14.05 Maximum Lending Rate 28.59
OPEC DAILY BASKET PRICE AS AT 16 JUNE, 2023
28 THISDAY AY, JULY 12, 2023
L-R - Mrs. Foluso Gbadamosi; Mrs. Bukky Akomolafe; Mrs. Bunmi Olowude; President, Professional Insurance Ladies Association (PILA), Lady Margaret Moore and Chairman, PILA 50th Anniversary Fundraising and Awards Committee, Dr. Bola Onigbogi, while receiving the Special Award of Excellence on behalf of the late Mr. Remi Olowude, CEO, Industrial and General Insurance, at the 50th anniversary of PILA, held in Lagos ...... recently

Olowofeso:WACMI Aim to Achieve Robust, Integrated West African Capital Market

Kayode Tokede

Director General of the West African Monetary Institute, Dr. Olorunsola Olowofeso, yesterday expressed that one of the aims of the West African Capital Markets Integration (WACMI) Phase II Project is to deepen West African markets as well as achieve robust and integrated capital markets. He stated this during a two-day Capacity Building/ Sensitization Program on

West African Capital Markets Integration Phase II Project held in Lagos. Olowofeso who stated that the capacity Building and Sensitization workshop is designed to enhance the skill level of different classes of market participants through dedicated trainings on operating rules, investment processes, trading and settlement operations for cross-border investments, also said that it is expected to create awareness

and sensitize the public on the implementation of the WACMI Phase 2 Project.

According to him, aside the harmonization of market rules and the capacity building and sensitization programme across the stock exchanges in ECOWAS, other activities under component I include development and hosting of a centralized database/ website for the West He assured that WAMI as implementing agency of

the project will continue to collaborate with ail the stakeholders, particularly WASRA and WACMIC to ensure that the project is completed within the stipulated time (June 2024).

In a keynote address, Director General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, stated that the initiative aims to establish a common and integrated platform for listing, trading, and settling securities transactions within

West Africa.

He said, “One of the primary objectives of this program is to enhance awareness of the WACMI Phase II Project and its significance for the region’s capital market ecosystem.

“We seek to foster a comprehensive understanding of the opportunities and challenges that lie ahead as we strive to facilitate cross-border investments and create a seamless trading environment within West Africa.

Represented by Executive Commissioner Operations at the SEC, Mr. Dayo Obisan, Yuguda stated that the aim of the programme is to facilitate a fruitful knowledge exchange, enabling learning from each other’s experiences and identify practical solutions to strengthen cross-border investment and trading activities adding that this will ultimately bring about the much-desired integrated capital market that would cater for the region.

PRICES FOR SECURITIES TRADED ASOF JULY/11/23

MARKET NEWS
MAIN BOARDDEALS MARKET PRICE QUANTITY TRADED VALUE TRADED ( N ) MAIN BOARDDEALS MARKET PRICE QUANTITY TRADED VALUE TRADED ( N )
29 THISDAY AY, JULY 12, 2023

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

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

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

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 10July-2023, unless otherwise stated.

Offer price: The price at which units of a trust or ETF are bought by investors.

Bid Price: The price at which Investors redeem (sell) units of a trust or ETF.

Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.

NAV: Is value per share of the real estate assets held by a REIT on a specific date.

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS

WEDNESDAY, JULY 12, 2023 • THISDAY MARKET NEWS 30 The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
FSDH Dollar Fund 1.16 1.16 5.55% GUARANTY TRUST FUND MANAGERS LIMITED enquiries@investment-one.com Web: www.gtcoplc.bank; Tel: +234 812 992 1045,+234 1 448 8888 Fund NameBid PriceOffer Price Yield / T-Rtn Abacus Money Market Fund N/AN/AN/A Vantage Balanced Fund N/AN/AN/A Vantage Guaranteed Income Fund N/AN/AN/A Kedari Investment Fund (KIF) N/AN/AN/A Vantage Equity Income Fund (VEIF) - June Year End N/AN/AN/A Vantage Dollar Fund (VDF) - June Year End N/AN/AN/A LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund NameBid PriceOffer Price Yield / T-Rtn Lotus Halal Investment Fund 1.76 1.79 10.36% Lotus Halal Fixed Income Fund 1,200.58 1,200.58 5.20% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com/funds/; Tel: +2348028496012 Fund NameBid PriceOffer Price Yield / T-Rtn Meristem Equity Market Fund 16.20 16.29 39.09% Meristem Money Market Fund 10.00 10.00 11.55% NORRENBERGER INVESTMENT AND CAPITAL MANAGEMENT LIMITED enquiries@norrenberger.com Web: www.norrenberger.com, Tel: +234 (0) 908 781 2026 Fund NameBid PriceOffer Price Yield / T-Rtn Norrenberger Islamic Fund (NIF) 101.80 101.80 10.04% Norrenberger Money Market Fund (NMMF) 100.00 100.00 10.98% Norrenberger Dollar Fund (NDF) ($) 101.51 101.51 10.75% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund NameBid PriceOffer Price Yield / T-Rtn PACAM Balanced Fund 11.66 11.99 5.69% PACAM Fixed Income Fund 10.00 10.00 10.54% PACAM Money Market Fund 1.98 2.01 39.28% PACAM Equity Fund 125.75 129.46 13.20% PACAM EuroBond Fund 125.70 129.40 13.15% SCM CAPITAL ASSET MANAGEMENT LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund NameBid PriceOffer Price Yield / T-Rtn SCM Capital The Frontier Fund 163.72 168.23 30.24% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund NameBid PriceOffer Price Yield / T-Rtn SFS Fixed Income Fund 1.05 1.05 11.04% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund NameBid PriceOffer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 4,495.15 4,532.13 32.62% Stanbic IBTC Bond Fund 251.53 251.53 6.78% Stanbic IBTC Ethical Fund 1.89 1.91 50.79% Stanbic IBTC Guaranteed Investment Fund 342.55 342.55 9.40% Stanbic IBTC Iman Fund 331.76 335.77 42.04% Stanbic IBTC Money Market Fund 1.00 1.00 10.37% Stanbic IBTC Nigerian Equity Fund 16,609.98 16,821.60 52.18% Stanbic IBTC Dollar Fund (USD) 1.42 1.42 9.52% Stanbic IBTC Shariah Fixed Income Fund 124.75 124.75 6.71% Stanbic IBTC Enhanced Short-Term Fixed Income Fund 120.45 120.45 13.23% Stanbic IBTC Absolute Fund 4,779.66 4,779.66 12.35% Stanbic IBTC Aggressive Fund 4,832.15 4,895.88 73.86% Stanbic IBTC Conservative Fund 4,985.97 5,011.51 31.06% UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund NameBid PriceOffer Price Yield / T-Rtn United Capital Equity Fund        1.22 1.23 33.86% United Capital Balanced Fund 1.72 1.73 32.40% United Capital Wealth for Women Fund 1.33 1.34 23.57% United Capital Sukuk Fund 1.13 1.13 12.75% United Capital Fixed Income Fund 1.89 1.89 7.14% United Capital Eurobond Fund 121.19 121.19 5.84% United Capital Global Fixed Income Fund 1.04 1.04 8.79% United Capital Money Market Fund 1.00 1.00 9.27% Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund NameBid PriceOffer Price Yield / T-Rtn Zenith Balanced Strategy Fund N/AN/AN/A Zenith ESG Impact Fund N/AN/AN/A Zenith Income Fund N/AN/AN/A Zenith Money Market Fund N/AN/AN/A VETIVA FUND MANAGERS LTD funds@vetiva.com Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Bid PriceOffer Price Yield / T-Rtn Vetiva Banking Exchange Traded Fund 7.16 7.26 77.56% Vetiva Consumer Goods Exchange Traded Fund8.86 8.96 51.22% Vetiva Griffin 30 Exchange Traded Fund23.74 23.94 34.07% Vetiva Money Market Fund1.00 1.00 9.11% Vetiva Industrial Goods Exchange Traded Fund26.67 26.87 33.32% Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund143.14 145.14 -9.21% EXCHANGE TRADED FUNDS Fund Name Bid PriceOffer Price Yield / T-Rtn Lotus Halal Equity Exchange Traded Fund 20.64 20.74 33.29% SIAML Pension ETF 40 80.00 80.00 -37.85% Stanbic IBTC ETF 30 Fund241.00 241.00 138.97% MERGROWTH ETF17.40 17.50 44.81% MERVALUE ETF16.40 16.50 59.78% REITS Fund Name NAV Per Share Yield / T-Rtn SFS REIT 119.40 4.92% Union Homes REIT 54.58 2.94% Nigeria Real Estate Investment Trust 101.72 UPDC REIT 10.08 -11.73% INFRASTRUCTURE FUND Fund Name NAV Per Share Yield / T-Rtn Chapel Hill Denham Nigeria Infrastructure Debt Fund 107.58 0.00% info@anchoriaam.com MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund NameBid PriceOffer Price Yield / T-Rtn Afrinvest Equity Fund 265.83 266.98 40.46% Afrinvest Plutus Fund 100.00 100.00 4.17% Nigeria International Debt Fund 341.45 341.45 10.26% Afrinvest Dollar Fund 108.89 109.99 3.25% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund NameBid PriceOffer Price Yield / T-Rtn AIICO Money Market Fund N/AN/AN/A AIICO Balanced Fund N/AN/AN/A ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund NameBid PriceOffer PriceYield / T-Rtn Anchoria Money Market 100.00 100.00 7.62% Anchoria Equity Fund 192.15 194.27 32.57% Anchoria Fixed Income Fund 1.35 1.35 10.04% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund NameBid PriceOffer Price Yield / T-Rtn ARM Aggressive Growth Fund 28.78 29.65 31.14% ARM Discovery Balanced Fund 627.76 646.69 20.44% ARM Ethical Fund 48.99 50.47 8.59% ARM Eurobond Fund ($) 1.14 1.14 1.54% ARM Fixed Income Fund 1.13 1.13 2.25% ARM Money Market Fund 1.00 1.00 9.19% ARM Short Term Bond Fund 1.03 1.03 -0.42% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com; Tel 08069294653 Fund NameBid PriceOffer Price Yield / T-Rtn AVA GAM Fixed Income Dollar Fund 96.6296.626.52% AVA GAM Fixed Income Naira Fund 1,108.63 1,108.63 3.58% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund NameBid PriceOffer Price Yield / T-Rtn AXA Mansard Equity Income Fund N/AN/AN/A AXA Mansard Money Market Fund N/AN/AN/A CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund NameBid PriceOffer Price Yield / T-Rtn CEAT Fixed Income Fund 2.21 2.21 7.71% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 2.81 2.87 53.81% CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund NameBid PriceOffer PriceYield / T-Rtn CardinalStone Fixed Income Alpha Fund 1.011.014.50% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund NameBid PriceOffer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 11.63% Paramount Equity Fund 24.7725.5340.85% Women's Investment Fund 186.30 189.23 28.41% CHD Nigeria Bond Fund 103.92 103.92 12.38% CHD Nigeria Dollar Income Fund 1.02 1.02 11.07% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund NameBid PriceOffer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 8.31% Cordros Milestone Fund 156.77 157.94 22.34% Cordros Fixed Income Fund 106.69 106.69 10.38% Cordros Halal Fixed Income Fund 104.03 104.03 5.81% Cordros Dollar Fund ($) 112.05 112.05 7.38% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund NameBid PriceOffer Price Yield / T-Rtn Coronation Money Market Fund 1.001.009.58% Coronation Balanced Fund 1.431.4425.58% Coronation Fixed Income Fund 1.461.467.06% EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund NameBid PriceOffer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A 100.00 100.00 9.20% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 8.37% EDC Nigeria Fixed Income Fund 1,093.91 1,094.70 5.31% EMERGING AFRICA ASSET MANAGEMENT LIMITED assetmanagement@emergingafricafroup.com Web:www.emergingafricagroup.com/emerging-africa-asset-management-limited/, Tel: 08039492594 Fund NameBid PriceOffer Price Yield / T-Rtn Emerging Africa Money Market Fund N/AN/AN/A Emerging Africa Bond Fund N/AN/AN/A Emerging Africa Balanced Diversity Fund N/AN/AN/A Emerging Africa Eurobond Fund N/AN/AN/A FBNQUEST ASSETS MANAGEMENT LIMITED invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund NameBid PriceOffer Price Yield / T-Rtn FBN Bond Fund 1561.931561.9311.78% FBN Balanced Fund 251.52 253.78 25.95% FBN Halal Fund 130.72 130.72 13.13% FBN Money Market Fund 100.00 100.00 10.43% FBN Dollar Fund 124.31 124.31 7.14% FBN Smart Beta Equity Fund 243.74 246.88 47.18% FBN Specialized Dollar Fund 109.61 109.61 9.49% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund NameBid PriceOffer Price Yield / T-Rtn Legacy Money Market Fund 1.00 1.00 7.70% Legacy Debt Fund 3.52 3.52 -1.59% Legacy Equity Fund 2.61 2.66 30.56% Legacy USD Bond Fund 1.30 1.30 2.93% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund NameBid PriceOffer Price Yield / T-Rtn Coral Balanced Fund 5,190.98 5,227.68 44.64% Coral Income Fund 3,861.21 3,861.21 7.68% Coral Money Market Fund 100.00 100.00 10.58%

Strong Parallels Between Peter Obi and Mmesoma

Let's call a spade a spade for once. The Mmesoma Ejikeme matter has exposed the high tolerance for criminality in Nigeria. Yes. Many people will gather here to insult me. They will be livid. But they will be hard-pressed to name one place other than Nigeria where there would have been such a coordinated and mainstream defence and support for an obvious criminal behaviour, by the state and the general public.

The fact that the girl, or more appropriately woman (she is 19, whereas she was sold to us as a minor) boldly took her results to the Anambra Ministry of Education says a lot.

It also shows the level to which Nigeria has sunk when we tried to gang up against the Joint Admissions and Matriculation Board. Another country may have seen the need to preserve the integrity of such a vital institution. But not us. It was a case of better for JAMB to be pulled down than for one fraud to be exposed.

Thank God for Dr Fabian Benjamin who fought like a wounded lion to successfully defend the honour of JAMB. But for him, the reputation of the institution would have been in tatters. And then, where would we have been?

Unlike the West African Examinations Council, which has a rival competing examination body as an alternative, in the form of the National Examinations Council, JAMB has no alternative. It is either JAMB or a Babel of institutions all speaking different languages as they try to come up with admissions criteria for their various institutions.

And we were willing to destroy this singularly vital institution so a woman, who was described as a girl, could get a N3 million scholarship and other personal goodies.

Just look at that. For personal and ethnic gain, we were prepared to take out a critical national institution. Ah, Nigeria we hail thee! Few nations have the capacity to undermine themselves the way we do.

Recently, I was a guest of the British and Ghanaian governments in Accra, where I upbraided the British government and British universities and colleges for asking Nigerians to take a Test of English as a Foreign Language examination, and the International English Language Testing System examination.

I can just imagine the various British officials who listened to me now laughing at me. Amongst themselves, they could be saying look at how they do not trust their own Joint Admissions and Matriculation Board, and they want us to trust their certificates.

Those supporting Mmesoma Ejikeme do not know that we have foreign embassies in Nigeria reporting back to their home countries about domestic goings on.

Because of the N3 million scholarship money she wanted to gain, Mmesoma's actions have given British, American, Canadian and Australian institutions the excuse they need to justify why they cannot trust results and certificates issued by Nigerian institutions.

And tomorrow, Mmesoma's defenders would be fuming at having to pay hundreds of pounds and dollars to take TOEFL and IELTS examinations before they can be admitted into foreign institutions. Because of a lack of forward thinking, and inability to anticipate the consequences of actions, it would not occur to them that they drove the nail into their own coffins by their present support for what is obviously a fraudulent act.

And Nigerians did not even sit down to ask themselves very pertinent questions on this Mmesoma Ejikeme matter. The girl claims that right from her nursery school days, she has consistently taken the first position, all the way through primary and secondary schools.

If that is the case, then why did she take JAMB at the age of nineteen? It is rare, very rare, for a brilliant student who went to nursery school to be a JAMB candidate at that age.

In Nigeria, nursery schools are for under-fives. By age five, you are admitted into the public primary school system. You are expected to stay there for six years. And then at age eleven, you are admitted into the public secondary school system, and you are expected to spend another six years there.

That means that a brilliant student would be expected to take their WAEC and JAMB examina-

tions at age sixteen or seventeen. But Mmesoma is nineteen. It does not seem to add up.

If you are reading this and you went to university in Nigeria, how old were you when you took your JAMB examination? Now, compare your age with that of Mmesoma, who has consistently been coming "first right from nursery school". Does it add up?

As long as some people keep on playing the politics of emotion, they will never be in motion.

Why would the Anambra State Government even set up a high-powered committee, filled with Professors and PhDs, to investigate Mmesoma Ejikeme's JAMB result? The result was obviously fake. The owner of the centre where she took the exam (Osita Chidoka), had revealed that it is questionable. The girl (more accurately, WOMAN) herself admitted as much during her Channels TV interview.

There was just no need to set up that committee. JAMB did not cheat Anambra State. They acquitted themselves excellently in this regard. They came up with documentary proof to show any objective onlooker that this was a case of pure criminality, devoid of ethnic bias. Anambra State cheated itself by wasting human and material resources on a lie. Henceforth, they should not complain that their federal allocation is not enough. They obviously have money to waste! This is what happens when you make a criminal matter an ethnic issue.

Indigenes of Kaduna, Osun, Lagos and Oyo states were also accused of fraud by JAMB. Those ones went to hide and bury their heads in shame, because they know their ethnic groups and states have little tolerance for their criminality. But Mmesoma was bold because she knew she would get support.

Why not? She has already seen how the owners of structurally defective buildings at Alaba market got support purely based on their ethnicity, despite being warned since 2017. She saw how some Nigerians used their ethnicity to almost paralyse the evacuation efforts of Nigerians in Sudan. So, she had enough examples to make her confident that she could get away with it.

And she is right. To show the high tolerance for fraud by the Anambra State Government itself, their recommendations did not include the prosecution of Mmesoma Ejikeme for her fraudulent act.

Instead of prosecution, they recommended that she undergo a psychological evaluation. Really?

If you tried what Mmesoma did in Lagos or the Southwest, you would be prosecuted, as the Lagos State Government did to Oni Ololade, a LASPOTECH student who was jailed by the court for fraud.

But in Anambra, you will get a psychological evaluation at the state's expense. Wow!

What did Scripture say?

"When the sentence for a crime is not quickly carried out, people’s hearts are filled with schemes to do wrong."-Ecclesiastes 8:11.

This high tolerance for fraud and refusal by the state itself to punish it is why certain states in Nigeria have too many of their citizens in jail for drugs, romance scams, and fraudulent acts in a proportion that exceeds their ratio of the total Nigerian population.

The same Anambra State Government that did not constitute a high-powered panel of inquiry to find out who was behind the killing of US embassy staff in Anambra on May 16, 2023, or to fish out those who killed a pregnant Northern Muslim woman, Harira Jubril, and her four underaged daughters, Fatima 9 years, Khadija 7 years, Hadiza 5 years, and Zaituna 2 years, was effective enough to put together a powerful committee to protect their golden girl (or woman), Mmesoma!

Unfortunately, the rest of us are treated like criminals in foreign airports the minute we produce our green passports. It is us, the innocent victims, who need psychological evaluation, not criminals like Mmesoma, who give Nigeria such a bad reputation at home and abroad.

Let me ask those saying we should treat Mmesoma with kid gloves a question:

If her backers’ false accusation that a Yoruba Registrar General of JAMB was perpetrating an ethnic agenda against an Igbo minor of 16 had led to war, or an ethnic crisis, what would you have said?

Is this not how previous ethnic conflicts started and led to the destruction of billions in infrastructure and the needless deaths of numerous Nigerians?

People who say that we should just forgive and forget are more dangerous than the Mmesomas of this world. Because they always apologise and excuse criminals, those with criminal tendencies

will always feel that there is still room for them to perpetrate crime.

Didn’t you see how the Oyo State Government dealt with the case of the skit maker called Trinity, AKA Maruf Abdullahi? That is how a responsible government handles issues that are capable of destroying the moral fabric of society. The next time, there will be no more Trinity stunts in Oyo. But I can bet that there will be more Mmesomas in Anambra.

A society that tolerates crime will be a society that accelerates slime!

Mmesoma reminds me so much of Peter Obi. The similarities are almost endless. But let me just reduce them to twelve.

12 Similarities Between Peter Obi and Mmesoma Ejikeme.

1. Obi voted in Anambra. Mmesoma wrote JAMB in Anambra.

2. Obi won Lagos. Mmesoma's 1st, 2nd and 3rd choice of schools are in Lagos.

3. Obi insisted he won #NigerianElections2023. Mmesoma insisted she had the highest JAMB score.

4. Obi claimed to be a youth at 62. Mmesoma claimed to be a minor at 19.

5. Obi blamed INEC glitch. Mmesoma blamed JAMB hitch.

6. Obi did a broadcast vowing to reclaim his mandate. Mmesoma did a broadcast promising that her results were genuine.

7. Mmesoma's daddy said she was always crying over JAMB. Obi cried 'Yes, Daddy' over the election.

8. Obi won 98% of Anambra's votes. The majority of Anambra supported Mmesoma.

9. Obi went on TV to cry. Mmesoma cried on TV.

10. Obi's followers insulted everybody. Mmesoma's supporters attacked everyone.

11. Obi lied that his brewery employs 60% of Anambra people. Mmesoma lied that she was the best pupil in Anambra.

12. IPOBy Ezekwesili said the certificate of return given to Tinubu belongs to Obi. IPOBy Ezekwesili insinuated that the highest score belongs to Mmesoma.

Moral of the story: Those who play emotional politics will always end in frustration, while those who play strategic politics will always end in dominion.

WEDNESDAY, THISDAY 31 THE ALTERNATIVE with Reno Omokri
ObiMmesoma

Japa: Providing Insights to Youths in Search of Better Opportunities

Funmi Modupe, the CEO of Schoolingyonda Consultancy, recently unveiled a new book, ‘Japa’, which critically examines a generation in transition, driven by the growing interconnectedness of a new world. Uchechukwu Nnaike reports

As humans, migration is second nature, and it is constant. People will always move from one place to another for job opportunities, education, health, security and other reasons.

Today the mass exodus of Nigerians, now popularly known as ‘japa’, has filled the airwaves and social media spaces. Families abroad exchange different kinds of news while the waiting ears of families and friends left back home are usually mixed feelings of joy, shock, success, and sometimes woes.

Nigerians are, however, not alone in this exodus to the “promised land of milk and honey.” In a 2014 article, ‘The Great Chinese Exodus’, The Wall Street Journal reported the why and wherefores of Chinese emigration. To date, China still ranks second next to India as the country with the highest number of migrants around the world.

Meanwhile, the United Nations Department of Economic and Social Affairs’ most recent estimate of Nigeria’s diaspora is 1.7 million as of June 2020. The estimate appeared in DESA’s International Migration 2020 Highlights report, published in January 2021. The report added that India has the world’s largest diaspora population of 17.8 million.

Nigeria also has stories of different local talents in education, sports, and entertainment within the environment that pivots globally. Although in terms of population, the Senior Special Assistant to the President on Foreign Affairs and the Diaspora, Mrs. Abike Dabiri-Erewa, recently announced that there are currently about 15 million Nigerians in various parts of the world. As more people leave the shores of the country, it has become imperative to understand the japa trends.

Modupe, through Schoolingyonda Consultancy, has been providing parents with real-time information about studying abroad to enable them to make informed educational decisions on behalf of their children and wards. She said the organization was birthed from the passion and needed to bridge the gap in international education. The new book, therefore, provides more insights.

The unveiling of the book in Lagos was colourful, with guests from different strata of the society ranging from captains of industry to young undergraduates, entrepreneurs and members of the international community.

Modupe SAID, “my book is a mustread for students and their families, as well as anyone interested in the global shift transforming all aspects of life and humanity.”

She said ‘Japa’ is centred around the physical and emotional transitions people

make when they travel, offering valuable insights into the benefits of venturing beyond borders. She added that the ideals of ‘Japa’ is changing outside the concept of just a physical migration. It is the seeking of opportunities beyond oneself, location and environmental challenges.

“In today’s world, despite the

thousands leaving the shores of Africa, especially Nigeria, many youths have also started to imbibe and cultivate the culture of remote work enabled by technology. This also led to a fresh and increased focus on acquiring soft skills both home and abroad in readiness for the future of work.”

The author said the book explores a generation in transition caught in the

drive towards success and imaginative possibilities, pointing out that the “new resolve should see local, states and federal governments creating more technology infrastructures back home to enable youngsters back home connect other contemporaries around the world in real-time.”

She stated that the uniqueness of cultures across Africa offers a veritable asset to unlock improved social and economic development on the continent.

“Also, because times have changed and young people need to protect their indigenous values and mental health, the need for social progression and cultural transition from one generation to another is so vital like never before,” Modupe stated. “The book Japa showcased ‘a homecoming’, a longing to return or just shadowing for a future return back to the roots. But what do returnees find on homecoming? Is the continent still in ruin? These are the extended narratives on Japa, as there is an urgent need to build and reconnect the homies and diaspora.”

The author added that the lifestyle of humans post-pandemic, school curriculum and the actual nature of work had changed forever.

“So there is a daunting need for individuals and organisations to unlearn while rethinking new ways to collaborate and solve problems in society,” she added.

She said the book is available in different formats on Amazon or via https:// schoolingyonda.com/japa/ and join the conversation on social media to acquire new skills in the workplace.

Modupe has been described as a dynamic woman passionate about young people and education. Also, through her personal experience and understanding of the complexities of transition, she is said to have delivered a thought-provoking and inspiring book.

Having acquired degrees in Geography and Global Marketing locally and internationally, Modupe has amassed over 20 years of experience, serving in various capacities in banking, advertising and as a publisher of Brandfaces Magazine.

Sharing his experience, Ademola Adelakun, a young Computer Science graduate of the University of Lagos, said after completing his university education in 2021 and job hunting for so long with limited opportunities within the corporate and government institutions, he has resolved to “japa” to Canada for greener pastures.

Planning is still important for the likes of Adelakun, who have acquired skills and other human endeavours. Thus, the book will guide such people on how to count the cost of every action or opportunity.

TFN Seeks to Incorporate African-centered Perspectives into Teaching, Learning

Teach For Nigeria, a non-profit organisation dedicated to mobilising leaders to expand educational opportunities and equity for children from marginalised backgrounds, recently organised its inaugural alumni conference in Lagos.

The conference, titled ‘Re-rooting in African History (RIAH) Education Summit’, aimed to provide a platform to engage in a discussion about incorporating African-centered perspectives into teaching and learning.

The summit brought together over 100 Teach for Nigeria alumni and more than 200 teachers, school leaders, policymakers, community members and students.

Experts and special guests shared their expertise and insights. Notable keynote addresses were delivered by Oku’ Kanayo

Egbeni, Co-founder and Director of Children in Freedom School (CIFS) Kenya, and George Sefa Dei, Professor of Social Justice Education at the University of Toronto.

The event also featured dignitaries, including H.E Humphrey Geiseb, Namibian Ambassador to Nigeria, Prof. Josiah Ajiboye, Registrar of the Teachers Registration Council of Nigeria (TRCN), Folasade Adefisayo, former Lagos State Commissioner for Education, and HRM Abimbola Bamjoko, Baale of Ogbogbo community, among others.

In her welcome address, the Chief Executive Officer of Teach For Nigeria, Folawe Omikunle,

emphasized the need for a collective movement and coalition of leaders united by a shared vision to redefine education and empower Nigerian children through an Afrocentric approach.

“By embracing our Afrocentric symbols, we forge a future where our children stand tall, embrace their identities, and are equipped with the skills, mindsets, values, and knowledge needed to thrive. Let us go beyond this summit and build a transformative movement that will positively impact the lives of every child in our great nation,” she said.

The RIAH summit, a partnership between TFN, Unveiling Africa Foundation, and Lagos State Government, brought together renowned researchers, policymakers, teachers, students, and passionate panelists committed to in -

tegrating African-centered perspectives in education.

The participants engaged in reflective discussions on the current education system and envisioned a more inclusive and equitable educational landscape for all. This groundbreaking summit, the second of its kind on the African continent, serves as a pioneering initiative in Nigeria.

Teach For Nigeria aims to leverage the outcomes of the conference to develop a comprehensive 10-year research-practice strategic plan dedicated to decolonizing Nigeria’s education system and elevating student outcomes. The plan will empower future generations with an education that celebrates their heritage wpphile equipping them to thrive in a rapidly changing world.

EDUCATION 32 THISDAY WEDNESDAY JULY 12, 2023
Modupe

Expert Advocates Blended Learning to Improve Students’ Learning Outcome

A 21st-century skills teacher, who works with the Lagos State Ministry of Education, Marta Jesulake, has urged public and private schools in Nigeria to adopt blended learning as an alternative learning method for students to improve learning outcomes.

Blended learning, also known as hybrid learning, is an approach to education that combines online educational materials and opportunities for interaction online with traditional place-based classroom methods.

She said this at the June edition of EdTech Mondays, an initiative of the Mastercard Foundation in partnership with Co-Creation Hub.

Speaking at a roundtable session, ‘Strategies required to accelerate blended learning in Nigeria’, Jesulake noted that the need to make learning exciting and interactive with students informed the decision to explore and adopt a blended learning methodology.

While acknowledging some of the challenges faced in deploying blended learning, she explained that the creative ingenuity brought to bear had helped a great deal in improving learning outcomes among students.

She stated that with blended learning, barriers such as the high costs of expansion and infrastructure maintenance, among others, would become shattered, thus enabling stu-

FG Intensifies Steps for Adeyemi University of Education’s Take-off

dents to learn quickly and conveniently.

“With blended learning, we are creating spaces for teachers to dedicate more time to their learners. Besides, it also reduces the barrier to access to education, including continuing to learn virtually in case of emergencies.

According to her, the challenges of access to technological devices and access to internet connectivity were significant hindrances to blended learning.

While admitting that blended learning is growing in Nigeria, she stated that the COVID-19 pandemic altered considerably as schools became more receptive to the alternative learning approach.

She also stressed the need for government to support teachers by offering them training opportunities to ensure that teachers and students become fully aware of its significance.

“Well, you know, with the COVID-19 pandemic, we began to see that it’s possible to learn outside the four walls of the classroom. So, I want to believe that our teachers can be supported with requisite training if we are ready to embrace this new shift. For example, the Lagos state government is doing a good job training teachers. However, I think a lot still needs to be done. You know, teachers need you need to be creative, teachers need to be aware that they don’t need to do everything on their own,” she said.

The federal government has at last commenced the process that would lead to the final take-off of Adeyemi College as a full-fledged university more than a year after former President Muhammadu Buhari signed the act, upgrading the nearly 60-year-old institution to Adeyemi University of Education, Ondo.

Part of the final process was the constitution of University Transition Committeee headed by Dr. Abayomi Olajuyigbe and the dispatch of an 11-man University Needs Assessment Team, drawn from the Federal Ministry

of Education (FME), National Universities Commission (NUC), National Commission for Colleges of Education (NCCE) and the Tertiary Education Trust Fund (TETFund).

The Director, Information and Public Relations of the college, Mrs. Oluseto Olatayo in a statement disclosed that the team led by Mrs. Raskiat Ilyasu, Director, University Education FME held strategic meetings with management of the college and consultations with other critical stakeholders, after which the team embarked on an on-the-spot tour of facilities

in the institution which among other findings, is expected to guide its report on the other essential needs of the school to fully transmute to a university.

Allaying the fear of loss of job by any member of staff as a result of the exercise, the team leader said, “whatever we are doing today is just an exercise for documentation to show that this institution was upgraded, and this is what we met on ground, and here are the gaps to be filled, so that they can fulfil that engagement to the next level they are supposed to be. We are not here to screen

anybody out, the screening will come later, but what we need to do is to see what is on ground, so that we can know where the gaps are for better take-off of the university,” she remarked.

The Provost, Dr. Samuel Akintunde, commended the federal government for “living up to expectations of the people with regards to upgrading the institution, now demonstrated by dispatching this high level and strategically representative team led by Mrs. Ilyasu, to give action to the elevation which started with the signing of the act early last year.”

L-R: The Principal, Dolphin Senior High School, Mr. Taiwo Akinlabi; Tutor-General/Permanent Secretary, Education District III, Dr. Idowu Olufunke Oyetola; Tas Services Leader, EY West Africa, Mr. Akinbiyi Abudu; and member of the teaching staff and students of Dolphin Senior High School, Sura, at the inauguration of science laboratories, donated by EY Nigeria to mark the 2023 ‘EY Gives Back Day’ in Lagos... recently

EY Donates Lab Equipment, Waste Bins to Lagos Schools

Uchechukwu Nnaike

DLHS Asks Govt

to Increase Funding, Celebrates Top UTME Scorer, 130 Others

To protect the future of Nigerian children and the youths and make them fit to assume leadership positions, the Nigerian government has been advised to increase funding for the education sector.

The Executive Secretary of Deeper Life High School, Thelma Malaka, said this while celebrating the best candidate of the 2023 Unified Tertiary Matriculation Examination (UTME), Nkechinyere Umeh and other students of the school that scored 300 and above in the exam, conducted by the Joint Admissions and Matriculation Board (JAMB).

Speaking at the Lagos campus of the school, located in Mowe, Ogun State, Malaka stressed the need for government at all levels to increase funding for the education sector, adding that God-factor and sound education are keys to nation-building.

According to her, before the examination, the school had set a target of 380, but eventually recorded 360, with more than 130 of its students scoring 300 and above in the examination. She said 46 of them attend the Lagos campus of DLHS.

She said the school decided to hold the ceremony to encourage the best scorer and other students of the possibility of achieving their goals irrespective of seemingly difficulties and challenges.

The educationist expressed dismay over the slow response of some Nigerians to Umeh’s attainment, saying, “If it were entertainment and other ventures that do not impact lives, many Nigerians would have reacted more than what the best scorer has gotten so far.”

She said this means that the country is losing its core values and urged the leadership to reset them.

Malaka, who promised that there would be more rewards for the best scorer, said that the secret behind the success recorded in the school could be attributed to the school’s core values such as holiness, hard work and discipline and God factor.

She implored parents to do their best at home by raising their children in a godly way, as charity begins at home. She congratulated Umeh and her co-students for making the school proud.

The school Administrator, Emmanuel Eze, said outstanding among the 46 students from the school that scored above 300 are Andrew Imoukhede, 355, Alagwu David, 351 and Esin Enobong, 350. He noted that Imoukhede scored 99 in mathematics.

He attributed the success to zero tolerance for examination malpractices at all levels.

As part of activities marking this year’s ‘EY Gives Back Day’, Ernst & Young (EY Nigeria) recently equipped the Biology, Chemistry and Physics laboratories of Dolphin Senior High School, Sura, and donated waste bins to Boys Senior Academy, Sura, Lagos Island.

Speaking during the handover ceremony, the Chief Operating Officer (COO) of EY, West Africa, Oluwabusiayo Layade, who led the EY team to Boys Senior Academy, stated that the EY Day was celebrated by all EY offices worldwide, and EY Nigeria used the opportunity

also to commemorate the EY Gives Back Day as part of EY’s frontline project - EY Ripples. While restating the company’s commitment to improving the quality of education and the welfare of students, he thanked the principal for the warm welcome. He encouraged teachers to remain steadfast in their duties. He advised the students to study hard to succeed without deviating from vices.

The EY team, coordinated by Eunice Obinyan, facilitated personal hygiene and environmental cleanliness talks with the students. The students received gifts for answering questions

brilliantly.

The Senior Manager, Talents and Projects Coordinator, Ijeoma Ijere, described education, particularly science education, as a key focal point for EY. She said the initiative has been on since 2014.

“We work with the Education District III to let us know areas we can come in and what the needs are,” stated Ijere. “The district gave us a list of three schools, and we did the costing and settled for Dolphin Senior High School. We will move to other schools later.”

Ijere said the company also focused on environmental sustainability, like proper

disposal of waste, “and we teach students too on how to act in environment-friendly manner. We expect the facilities to be used properly.”

The Permanent Secretary/ Tutor General, Education District III, Dr Olufunke Oyetola, described the initiative as a great contribution to education that will enhance the teaching and learning of science subjects.

“Before this intervention by EY, it was not that there were no science laboratories, but such facilities suffer from wear and tear over a period of time, but the labs have been restored fully now with modern equipment,” said Oyetola.

Six Primary School Pupils Honoured for Creative Excellence

Vitafoam has partnered I-Create Club to nurture the entrepreneurial spirit and unleash the creative potential of young minds. Through their collaboration, the organisations aim to provide a platform for children to explore their entrepreneurial skills and lay a strong foundation for their future success.

At a recent event, the organisation rewarded six exceptional primary school pupils for their achievements in a creative competition.

The event garnered significant participation, with over 100 primary schools across Nigeria representing the public and private sectors.

The competition covered categories like business plans, pillow art, debate, and recycling, to identify young talents with

a natural inclination towards entrepreneurship from an early age.

The winners of the competition were Korede Obadimu (pillow art, State Primary School, Mangoro); Daniel Taiwo (pillow art, PeacevilleSchool); Jessica Chinaka (debate, Kayron International School); Ibijola Fadeyibi (debate, Beehive School), Mukhtaar Akande (recycling, Guided Treasures Muslim Nursery and Primary School); and Ndumanya Grace (recycling, Oke-Meta Memorial Primary School).

During the recent award ceremony in Lagos, the founder of I-Create Club, Eniola Afolayan, explained that the competition, now in its fifth edition, aims to develop future entrepreneurs by providing a solid foundation

for young individuals.

“In Nigeria, the average adult has been described as unemployable. Hence, in line with I-Create Club’s vision, we aim to increase the number of entrepreneurs and employable graduates in Nigeria,” Afolayan stated. “Our activities are meticulously designed to lay the necessary groundwork for children to become innovative problem solvers. Vitafoam Nigeria PLC has been a dedicated supporter of our cause since the inception of the club.”

She encouraged other corporate entities to follow Vitafoam’s lead and support the ‘I Create’ Club, enabling more children to benefit from its impactful platform.

She also emphasized the importance of collaboration with

the government on a larger scale, enabling the participation and enjoyment of the club’s unique benefits in public schools.

Afolayan highlighted the pivotal role of government and corporate support in engaging children through various stimulating tools and activities.

The Group Managing Director of Vitafoam, Taiwo Adeniyi, commended the ‘I-Create Club’ team for the initiative in promoting sportsmanship among young individuals.

“At Vitafoam, we believe in fostering the holistic development of young minds, and the Vitafoam -I Create Club partnership serves as the perfect platform for children to showcase their skills, creativity, and sportsmanship,” said Adeniyi.

33 THISDAY WEDNESDAY JULY 12, 2023 EDUCATION

FOREIGN DESK

Russian Forces Attack Kyiv, Odesa with Drones

Ukrainian officials said Tuesday that Russian forces attacked Kyiv and the southern port of Odesa with Iranian-made Shahed drones.

Ukraine’s military said it shot down 26 drones launched by Russia.

Officials in the Kyiv region said debris that fell from intercepted drones damaged multiple residential buildings.

In Odesa, regional governor Oleg Kiper said two drones hit an administrative building at the port, while debris from downed drones caused a nearby grain terminal and another terminal to catch fire.

Odesa is a key port involved with the Black Sea Grain Initiative, an agreement brokered by the United Nations and Turkey that allowed for the resumption of critical grain exports from Ukrainian ports blocked by Russia’s invasion of Ukraine.

The arrangement also includes exports of Russian food and fertiliser. Russia has complained that its portion of the deal is not being fulfilled and has said there are no grounds for extending the agreement beyond its July 17 expiration.

The United Nations said Monday that more than 32 million metric tons of food commodities had been exported through three Ukrainian ports since the initiative began in August 2022.

NATO Chief Calls Summit

‘Historic’ as Turkey Backs Adding Sweden to Alliance

President Joe Biden said Tuesday this year’s NATO summit represents a “historic moment” as the security bloc prepares to enlarge while tackling issues around the grinding war in Ukraine.

“This is a historic moment,” Biden said to NATO secretary general Jens Stoltenberg.

“Adding Finland and Sweden to NATO is consequential. And your leadership really matters. And we agree on the language that you propose relative to the future of Ukraine being able to join NATO.”

Stoltenberg said Tuesday he is “absolutely confident” that Turkey’s parliament will admit a new member, Sweden. Meanwhile, Ukraine’s president continued to push for his nation’s inclusion in the security alliance – a step that NATO members seem unlikely to take at this high-stakes summit in Lithuania’s capital.

“NATO will give Ukraine security,” tweeted Ukrainian President Volodymyr Zelensky. “Ukraine will make the alliance stronger. Allies debated the wording of a final joint text, but there is consensus that Ukraine joining NATO while Russia’s ongoing invasion is not under consideration.

Chinese Legislation Takes Aim at US Trade Sanctions

As US Treasury Secretary Janet Yellen concluded her four-day trip to China, calling it “productive,” the ink was barely dry on China’s sweeping new Foreign Relations Law that appears to be aimed at countering US trade sanctions.

The day before the bill took effect on July 1, China’s official Xinhua News Agency quoted an unnamed person in charge of the Legal Work Committee of the powerful Standing Committee of the National People’s Congress as saying, “China’s foreign-related legal system still has some shortcomings. Especially in terms of safeguarding national sovereignty, security and development interests, there are still many legal gaps.”

The new law aims to close those holes, stressing Beijing’s right “to take corresponding countermeasures” against acts that violate international law and norms and “endanger China’s sovereignty, security and development interests.”

The law comes as the government of President Xi Jinping is pushing back against American efforts to cut off its access to technology to make advanced computer chips and efforts to reduce reliance on Chinese suppliers after the global pandemic revealed the consequences of disrupting the supply chain.

Einar Tangen, an American political and economic affairs commentator in Beijing, said the law essentially provides a legal basis for China to counter sanctions issued by the US and other nations.

Trump Seeks Delay in Classified Documents Trial

Former US President Donald Trump is asking a federal judge to delay his trial on a 37-count indictment that alleges he illegally took classified documents with him to his oceanside Mar-a-Lago estate in Florida when his presidency ended and then conspired with an aide, Walt Nauta, to keep government investigators from retrieving them.

Prosecutors had already asked US District Judge Aileen Cannon for a delay until December 11, four months beyond the initial August 14 date she set, to give both sides more time to prepare.

Trump and Nauta, facing six charges in the case, said in a court filing late Monday that the government’s proposed December trial date was

“unrealistic” and would deny them a reasonable time to prepare.

“The court should therefore withdraw the current order setting trial and postpone any consideration of a new trial date,” Trump’s lawyers told Cannon, adding that a continuance was necessary and appropriate.

There was no immediate response from special counsel Jack Smith, who is prosecuting the classified documents case against Trump and Nauta. Smith is also investigating the former president’s role in trying to upend his 2020 reelection loss to Democrat Joe Biden and the January 6, 2021, riot by Trump supporters at the US Capitol as lawmakers were in the initial stages of certifying Biden’s victory.

At UN, Russia Vetoes Aid to Millions in Northwest Syria

Russia has vetoed the continuation of a UN aid operation that is a lifeline to more than four million Syrians living in areas outside of government control and signalled its readiness on Tuesday to completely shutter the nineyear-old aid operation.

“Now Moscow must answer to the international community — and you have to answer to the Syrian people,” US Ambassador Linda Thomas-Greenfield said after Russia voted against a nine-month extension of the authorisation that lets humanitarian aid flow from Turkey into northwest Syria, reaching 2.7 million people each month.

Brazil and Switzerland, which oversee the Syria humanitarian file on the 15-member council, had initially sought a one-year extension of the use of the Bab al-Hawa border crossing. But once it became clear during negotiations that Russia would not go along with it, they sought nine months as a compromise. Some other Russian concerns were also addressed in the compromise text, which received 13 votes in favour. China abstained.

Passenger Plane Crash-Lands at Mogadishu Airport

A passenger plane on a domestic flight crashlanded at Mogadishu’s international airport on Tuesday.

All 30 passengers and four crew members survived, the Somali Civil Aviation Authority said in a statement.

The E-120 aircraft, operated by local airline company Halla Airlines, was flying from Garowe in Somalia’s Puntland region to Mogadishu’s Aden Adde International Airport. The incident occurred at 12:23 p.m. Mogadishu time.

“There was no fatality from the accident except minor injuries,” the SCAA said in a brief statement. “The Somali Civil Aviation Authority would like to reaffirm that the preliminary report will be released once the current investigation concludes.”

Closed-circuit television footage shows the plane veering off the runway immediately after it landed.

The pilot did not report any issues to the air traffic control tower before the incident.

Ismail Mohamud from Halla Airlines told VOA Somali that results from the investigation will be reported later.

Boats Carrying African Migrants Missing with 300 People Aboard

Spanish authorities rescued 86 people Monday from a boat near the Canary Islands that appeared to be from Senegal after an aid group reported that three boats from the African country went missing with 300 people aboard.

Spain’s Maritime Rescue Service said it could not confirm that the rescued boat was one of the three reported missing but told The Associated Press that the vessel was a multi-coloured, 20-meter-long (65-foot-long) canoe of the type known in Senegal as a pirogue.

The Spanish agency said that 80 men and six women of sub-Saharan origin were rescued and expected to reach Spanish soil Monday evening. It also said it had alerted boats sailing in Atlantic waters between the Canary Islands and West Africa to be on the lookout for other migrant boats still missing.

Helena Maleno Garzon, the coordinator for the aid group Walking Borders, known as Caminando Fronteras in Spanish, said earlier Monday that the three missing boats had departed Senegal in late June.

Two boats departed June 23 from Mbour, a coastal city in central Senegal, carrying about 100 people, and a third left the southern town of Kafountine four days later with approximately 200 people, Garzon said.

She said there had been no contact with the boats since their departures.

All Aboard Helicopter Carrying

Mexican Tourists Killed in Mount Everest Crash Authorities said all six people on board a helicopter carrying Mexican tourists were killed when it crashed Tuesday near Mount Everest in Nepal.

The helicopter crashed in the Lamajura area. All the bodies were recovered and flown out of the area, said Basanta Bhattarai, the chief government administrator in the area.

The five tourists were Mexican nationals, and the pilot was Nepalese, the Civil Aviation Authority of Nepal said in a statement. The Mexicans included two men and three women.

Two rescue helicopters were used to fly the bodies out of the crash site and then to the capital, Kathmandu. Doctors were expected to perform an autopsy before the bodies were handed over to relatives or embassy officials in the case of foreigners.

The aircraft was returning to Kathmandu on Tuesday morning after bringing the tourists on a sightseeing trip to the world’s highest peak.

India to Take Second Shot at Moon Landing

India will launch a mission to the moon later this week, hoping to become the fourth country to land a craft on the lunar surface.

So far, only three countries — the United States, Russia and China — have achieved a “soft landing” on the moon in which vehicles touch down without damage.

The mission marks the Indian Space Research Organisation’s (ISRO) second attempt to land a rover on the moon — a previous effort nearly four years ago failed.

The spacecraft called Chandrayaan-3, which means moon vehicle in Sanskrit, is scheduled to be launched Friday afternoon (2:35 p.m. Indian time). It is equipped with a lander and a robotic rover expected to land on the moon on August 23 or August 24 to map the lunar surface for about two weeks.

“The date is decided based on when the sunrise is on the moon; it will depend on the calculations, but if it gets delayed, then we will have to keep the landing for the next month in September,” ISRO director S. Somanath said.

He said the main objective is to demonstrate “a safe and soft landing.”

South African Business Groups Concerned as US Reviews Trade Programme

South African business groups are pushing the government to make strong diplomatic efforts to ensure the country is not stripped of its duty-free access to the US market.

A group of US senators recently questioned South Africa’s status under the African Growth and Opportunity Act, citing Pretoria’s ties with Moscow. South Africa has invited Russian President Vladimir Putin to an August summit despite his invasion of Ukraine and his being wanted by the International Criminal Court.

Relations between Pretoria and Washington have so deteriorated in recent months that South African business groups are now scrambling to try and make sure the country is not kicked out of an important US tariff-free program.

The war in Ukraine has divided the two countries after South Africa refused to condemn Russia’s invasion, even going so far as hosting Russian warships for joint military exercises earlier this year. In May, the US ambassador to South Africa alleged the country had secretly supplied arms to Moscow — something Pretoria denies.

COMPILED BY BAYO AKINLOYE
34 THISDAY AY, JULY 12, 2023

PREMIER LEAGUE AFRICAN XI GALA NIGHT...

PDP Govs Task FG, INEC, Security on Guber Polls in Imo, Bayelsa, Kogi

Party mocks APC over contradictory stance on Ondo gov’s health Akeredolu not incapacitated, state govt replies Adamu Acting gov pledges loyalty to ailing principal

Chuks Okocha in Abuja and Fidelis David in Akure

Peoples Democratic party (PDP) governors, yesterday, at their inaugural meeting, tasked the federal government, security agencies and the Independent National Electoral Commission (INEC) to be neutral in the off-season governorship elections due for later in the year.

This was as the opposition Peoples Democratic Party in Ondo State, has said the conflicting responses from the state government and the National Chairman of All Progressives Congress (APC), Senator Abdullahi Adamu, on Governor Oluwarotimi Akeredolu's Ill-health status, has proved clearly that there was a disconnect between the national leadership and the party in the State.

At the same time, the Ondo State Government has dismissed report that Akeredolu (SAN) was in a state of extreme incapacity as claimed by Adamu.

Also, the Acting Governor of the state, Lucky Aiyedatiwa, has reiterated his loyalty to Akeredolu, whose ill-health has continued to generate anxiety in the state and country.

However, the governors at their meeting also pledged to cooperate with the federal government in tackling cases of insecurity in Plateau and Zamfara States.

Kogi, Imo and Bayelsa states are billed to have three off-season governorship elections on November

11 this year.

Reading the communiqué of their meeting, Chairman of the PDP governors, Governor Bala Mohammed of Baluchi State said the governors also pledged to remain united and focus on issues that would develop and unite the party.

"The meeting resolved to work together and unite the Forum. The aim of the Forum is to provide a platform for peer review of issues, policies, programmes and achievements (legacy projects) of member-governors across the PDP states.

''The meeting advised the Independent National Electoral Commission (INEC), the security agencies, and the federal government to be neutral in the conduct of the off-season elections in Bayelsa, Kogi and Imo States.

"The meeting noted the deteriorating security situation in the country, especially, the wanton destruction of lives and properties in Plateau and Zamfara States amongst other states.

"The meeting consequently advised the federal government and security agencies to rise to the situation and bring the situation under control.

"In the interim, the Forum would cooperate with the federal government on issues concerning the welfare of Nigerians and good governance while striving to maintain the independence and autonomy of the Forum through offering constructive criticisms where

necessary," he said.

Mohammed said they would support the party to remain focus on all issues as well as make the party united. He said the governor of Rivers State, and deputy chairman of the forum, Sim Fubara, took excuses that he would not attend the meeting because of pressing state issues.

Twelve out of 13 governors attended the meeting that took place at the Akwa Ibom State Governor's Lodge.

PDP Mocks APC over Conflicting Responses on Ondo Gov

The Peoples Democratic Party, Ondo State chapter, has said the conflicting responses from the state government and the National Chairman of the APC, Senator Abdullahi Adamu, on Governor Oluwarotimi Akeredolu's Ill-health, has proved that there was a disconnect between the national leadership and the party in the state.

Adamu, the National Chairman APC, had at a meeting between the national leadership of the party and APC state chairmen reportedly declared that Akeredolu was extremely incapacitated and hospitalised.

However, a statement by the Commissioner for Information and Orientation, Bamidele AdemolaOlateju, described the report as malicious, and designed to mislead unsuspecting members of the public.

But the Publicity Secretary of

PDP in the state, Kennedy Ikantu Peretei said Adamu declaration gave a new twist to the health status of Governor Akeredolu.

"National Chairman of the All Progressives Congress (APC), Senator Adamu Abdullahi gave a new twist to the health status of Governor Rotimi Akeredolu, who is said to be recuperating very well in a German hospital.

“Abdullahi declared emphatically at a meeting of National Working Committee members, attended by State Chairmen that ‘Akeredolu is in a state of extreme incapacity, hospitalised.’

"In a swift reaction, the Ondo State Chairman of APC, Ade Adetimehin, who personally attended the meeting has dismissed the report, describing it as wicked, insensitive and false. Ondo State Commissioner for Information, tagged the story as being peddled

by rumour mongers.

"Abdullahi's opinion on Akeredolu's health has merely added petrol to a raging fire in Ondo State. The responses from Ondo government and APC proved clearly that there is a disconnect between the national leadership and the party in the Sunshine State. A disconnect that is evident in the appointments made so for far by the Bola Tinubu's administration in which Ondo State is completely missing.” Peretei said.

Akeredolu Not Incapacitated

Ondo Govt Replies Adamu

The Ondo State Government has also dismissed report that Governor Oluwarotimi Akeredolu (SAN) was incapacitated.

A statement issued by the Com- missioner for Information and Orientation, Bamidele Ademola-Olateju,

described the report as malicious, designed to mislead unsuspecting members of the public.

Titled, Re: "Akeredolu in State of Extreme Incapacity, Hospitalised" the statement read: "The attention of Ondo State government has been drawn to a report, credited to the Chairman of the APC, Senator Abdullahi Adamu, in the 11th July, 2023. The headline, ‘Akeredolu in state of extreme incapacity, hospitalised’ bore a tinge of the usual mischievous, wicked and insensitive reportage, sponsored by desperate politicians.

"The Chairman of the APC in Ondo State, Engineer Ade Adetimehin, who attended the meeting, has debunked the report as untrue and totally disconnected from the statement of the Chairman at the event.

TotalEnergies Tips Renewables to

Meet Nigeria's Rising Energy Demand

In the wake of the current global push for transition to cleaner and sustainable sources of energy, TotalEnergies Nigeria Limited has picked renewables as an important resource to help Nigeria meet its

Gunmen Kidnap Ebonyi Catholic Priest, Three Others

Benjamin Nworie in Abakaliki

Some criminals and gunmen have kidnapped a Catholic Priest of Abakaliki Diocese, Ebonyi State, Rev. Father Joseph Azubuike in the state.

The Catholic Priest was kidnapped on Monday, alongside three other persons.

In a statement issued by the Chancellor of the Diocese, Rev. Father Mathew Opoke, the victim was kidnapped on his way to St. Charles Parish, Mgbaleze Isu in onicha Local Government Area of Ebonyi State, on his way back from duties.

In the statement titled, "Call for Prayers," the Diocesan Chancellor disclosed that the abductors were

making financial demands.

The statement read in part: "Kindly pray for the unconditional release of Very Rev. Fr. Joseph Azubuike who was abducted yesterday being Monday, 10th of July, 2023, close to his parish on his way back from pastoral duties.

"Fr. Joseph is the Parish Priest of St. Charles Parish, Mgbaleze Isu in Onicha Local Government Area of Ebonyi State.

"The abductors are making financial demands but with your prayers, we are going to have them back unconditionally. May Mary, Mother of priests, intercede for us.

Amen."

Contacted, the Police Public Relations Officer, PPRO, Ebonyi State Police Command, Onome

Onovwakpoyeya, said her office was yet to be furnished about the development.

"Am still making contact with our Divisional Police in the area of the incident. Let's me find out if the matter has been reported," the Police spokesman said.

Meanwhile, gunmen suspected to be enforcers of sit-at-home order wrecked havoc in the state, thereby heightening tensions and fear amongst residents.

But the State Governor, Francis Nwifuru, has declared that there was nothing like sit- at- home in the state.

In a statement issued by his spokesman, Dr. Monday Uzor, the governor who spoke to newsmen shortly after participating in

a meeting of Ohaneze Ndigbo with Governors, House of Assembly Speakers National Assembly Members and other Leaders from the South East zone at Imo State Governor's Lodge Asokoro, Abuja, explained that what played out a week ago in the state was a case of miscreants who attempted to put fear in residents and disrupt businesses.

"I am surprised to hear sit -at home from you because there is nothing like sit- at home in Ebonyi. We never for one day observed sit -at - home and I know you are aware.

"Some people only wanted to know if they can start putting tension on people and we said no, they don't have such powers, they can't do that and it didn't happen," Nwifuru said.

increasing energy demands in the future.

The Country Adviser (MultiEnergies), Total Energies, Adewale Fayemi, stated this during a panel session at the ongoing Nigerian Oil and Gas (NOG) Energy Week 2023 holding at the International Conference Centre (ICC), Abuja.

At the session titled, "Exploring Emerging Opportunities for Local Content in Meeting Future Energy Demand," Fayemi said renewable energy would become a major contributor in the energy mix if properly harnessed.

Noting that the energy demand in Nigeria was growing due to an increase in industrial activities, he said there was need for the industry to examine roadmaps towards a sustainable energy future.

While pointing out that gas would remain Nigeria's transition fuel, he explained that renewable energy could also complement the numbers to meet up with the demands, not just for Nigeria but around the world.

Fayemi said, "Nigeria has an ambition to increase our energy capacity to 30GW in 2030, of which 30 per cent will come

from renewables.

"When you look at our energy generation, we have 16.4GW of energy capacity, 12GW is from gas, while renewables are just about 2.2GW which is mainly hydro.

"As the energy industry continues to grow massively, oil and gas will play a major role but there is no stopping the trend that we need more energy. So, renewables will come to complement that.

"Oil and gas activities are driven by technology and most of these technologies can be applied through the renewable energy sector.

"Our installations are online remote monitoring and control.

So, if you have big solar farms or hydro power stations, that is the exact way you are going to monitor and control it.

"The companies operating in this space need to access their capacities, identify the synergies that it can work on and start evolving in a business model to take advantage of these opportunities.

"This is already happening in other parts of the world, where the major service companies, all have product lines that dedicate to renewables energy.

NEWS WEDNESDAY, THISDAY 35 Continues online
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Nigeria's Land Borders Remain Shut, Says Customs CG

Notes only five strategic ones were reopened in 2022 Explains situation review process ongoing

Deji Elumoye in Abuja

Acting Comptroller-General of the Nigerian Customs Service (NCS), Mr. Wale Adeniyi, has clarified that the federal government, has not ordered the reopening of all land borders shut across the country since 2018.

Addressing newsmen yesterday after meeting with President Bola Tinubu at the State House, Abuja, the Customs boss said, the borders which were not among the five selected strategic borders reopened in 2022 still remained shut, although a thorough review of the situation was currently ongoing.

"Well, it is not true that all

Nigerian borders have been opened. The status quo ante still exists in the borders. If you remember that the borders were completely shut down 2018 up until 2022, when some selected strategic borders were reopened, that is to the situation as we speak. And this was why we had an adhoc arrangement of a special unit coordinated by the office of the NSA to enforce that border closure.

"But, as we speak, about five of them have been reopened. Four were initially reopened and two more were open after that. And that is still the situation. There are ongoing processes to review this situation against the objective of the border

closure itself. And the processes are not yet completed. And, of course, when the borders are reopened, it's not going to be subject of rumour in any way," he said.

Adeniyi disclosed that as part of efforts to enhance border security and regional integration, he planned to within one week visit the Republic of Benin to engage in discussions with their customs administration. According to him, the aim was to foster collaboration, address border security concerns, facilitate importation across the border, and explore technological solutions to complex border challenges.

He said: "I can also tell you that part of my discussions with Mr.

President is to actively engage customs administration's across our borders, particularly the strategic ones that we must work and collaborate with for us to achieve common objectives of border security and regional integration.

"In the next one week, or thereabouts, I will be paying an official visit to Republic of Benin, to have discussions with the Customs Administration of Benin, and see how we can take forward the issue of collaborations between us, the issue of border security, the issue of importation across the border, and more importantly, how we can deploy technological solutions to very complex border problems."

TINUBU: FESTERING REPRISAL ATTACKS IN PLATEAU, BENUE DEPRESSING, AVOIDABLE

Mbah stated, "We made promises to our people, which include security of lives and property. In dealing with insecurity, we decided to adopt the kinetic and non-kinetic approach.

"We had to deal with the big elephant in the room. We had to end the sit-at-home. So far, we are getting support from stakeholders and we want the support of the navy in taming insecurity. We would be looking forward to partnering the navy to ensure peace and security in Enugu State."

Mbah expressed gratitude to President Bola Tinubu for the appointment of the naval chief.

He said, "We expressed gratitude to the president for the honour he did to us by the appointment of one of us. The value and honour are not lost on us. I want to assure him that he and our state will not let him down. Greatness and honesty run in the DNA of people of Enugu State."

In his remarks, Ogalla welcomed the governor on his maiden visit to the naval headquarters, and said the navy had maintained robust interactions with state governments.

He stated that the Nigerian Navy had ongoing operations and naval presence in Onitsha, Anambra State, and Oguta in Imo State, adding that, as part of the strategy of the naval headquarters, a strong naval presence would be established in Enugu.

Uba Sani, who paid a courtesy call on the Chief of Army Staff, Major General Taoreed Lagbaja, at the Army Headquarters in Abuja, called for further intervention, especially the deployment of more troops to Southern Kaduna, which is covered by Operation Safe Haven (OPSH), to curb the menace of bandits and other criminal elements in the area.

Sani lauded the efforts of Lagbaja in decimating bandits and other criminalities along the Abuja- Kaduna road as well as the Birnin Gwari general area during his command as GOC 1 Division.

Responding, the army chief expressed appreciation to the Kaduna State government for its support and partnership with

the Nigerian Army towards the restoration of peace and security in the state.

Describing the state as a strong and dependable ally of the Nigerian Army, the COAS noted that Kaduna State held a special place in the hearts of military personnel, as it is home to several military institutions and formations.

On the issue of fuel smuggling despite the removal of subsidies, the Acting Comptroller General acknowledged that complete eradication might take time, saying, while some border areas had reported seizures of fuel, the rate of smuggling had considerably reduced.

He expressed hope that ongoing policies being implemented by the government would eventually eliminate fuel smuggling across borders.

“Well, sometimes we just want to assume that because of the subsidy, the problem will evaporate one day. So, the sense I was trying to create was that it might take some time, before the issue of smuggling of fuel across the border will completely dissipate.

“So. in some border areas, we had reports of seizures of fuel and that is what we heard. So, it was the assumption generally, that because of the fuel is now sold at N500 per liter it will be a disincentive for smuggling. But contrary to that, we have seen that they are smuggling it across the borders. The rate at which this is being smuggled has reduced considerably.

“And it is our hope that by the time we mix some of these other policies that government is working on, it will completely eliminate the problems of smuggling of fuel across borders," he said.

On his discussion with the president, Adeniyi said, "I had the opportunity to have very useful discussions and a very constructive engagement with His Excellency, Mr. President. And for all of you that have known him, I've worked with him very, very closely. You know that, Mr. President, is a very good listener.

"We had discussions regarding what Customs can bring to the table, to actualise the vision of renewed hope for Nigeria, what Customs can do in terms of addressing gaps in revenue generation in the Customs, our enforcement strategies, and, most importantly, the issue of promoting port efficiency and competitiveness of our ports.

"So these are generally the issues that we discussed. And I believe that in the days ahead, we will be prioritising some of these issues for the benefits of the Nigerian economy."

Stella Oduah: I'm Not Aware of Forgery, NYSC Certificate Charge

Suit filed by faceless persons without lawyer’s seal Calls for thorough investigation of prosecutors

A former Aviation Minister and Senator who represented Anambra North in the Ninth Senate, Senator Stella Oduah, yesterday, denied knowledge of a fresh criminal charges brought against her by the police in the name of the Economic and Financial Crimes Commission (EFCC).

Oduah, insisted that apart from not been served with the purported charge, she was never subjected to any kind of investigation by the Nigeria Police Force or any other security agency in the country.

She spoke through her lawyer, Chief Ogwu Onoja, shortly after Justice James Omotosho of a Federal High Court in Abuja, ordered the

investigation of the charge against her.

While one Ochogwu Ogbe and Ibrahim Mohammed who claimed to be personnel of the EFCC, had on June 26 filed an eight count charge bordering on forgery and altering the National Youth Service Corps (NYSC) certificate belonging to the former minister, Mohammed had appeared on behalf of the police to prosecute the matter.

Not being satisfied with the charge, the judge after confirming from the witness that he had been disengaged from the EFCC since November last year, directed the anti-graft agency to investigate the fact of the matter and report back within one week.

Reacting, Oduah through her

lawyer, Onoja, maintained that she was never invited to make any statement by any agency of government before the spurious charges were made.

Onoja, while faulting the charge pointed out that it did not have proof of evidence bearing Oduah's statement as required by law and that no single witness from NYSC was listed.

Besides, the senior lawyer claimed that the two Police lawyers responsible for the filing of the charges did so without affixing their practicing seals while the address where the purported charge emanated from indicated EFCC's office at number 1, Court Road, Benin City, Edo State.

He stated that from the findings, it could not yet be ascertained whether

the police or the EFCC was behind the charge.

Onoja disclosed that the antigraft agency denied knowledge of the charge when his legal team visited the EFCC's headquarters for investigation on the faceless charge.

"The spurious allegations against our clients of not participating in NYSC has been dismissed by the Supreme Court in her favour. This country has had enough," he said, while warning that prosecutorial authorities should not be for hire by political hirelings. He said the fresh charge against his client was a violation of the Code of Conduct for prosecutors as issued by the Federal Ministry of Justice and punishable under Article 7, part B of the Code.

The senior lawyer, thanked Justice

James Omotosho for ordering the immediate arrest of the lawyer that issued the charge and appeared for prosecution, noting that, the action of the judge is a confirmation that the court was not comfortable with all anomalies contained on the face of the charge.

He then vowed to issue a petition to the Inspector General of Police for investigation and to call to order those bringing the image of the police into disrepute while another petition would be forwarded to EFCC to investigate impersonation and abuse of its prosecutorial powers.

"This is a new political dispensation which has promised adherence to Rule of Law and accountability, we need a breath of fresh air," the senior lawyer said.

36 WEDNESDAY, THISDAY NEWS
Alex Enumah in Abuja INTERNATIONAL Lions Club International Foundation (LCIF) Chairperson, Douglas X. Alexander (left) and Second Vice President, Isheri host Lions Club, Horatius Egua, at the 105th Lions Club International Conference in Boston, United States of America... Monday

EDUCATION SUMMIT…

L-R: Co-Founder, Children in Freedom School, Kenya, Dr. Utheri Kanayo; Chief Executive Officer, Teach for Nigeria, Folawe Omikunle, and Chief Executive Officer / Founder, Unveiling Africa Foundation, Dr. Chizoba Imoka, at an education summit in Lagos… recently ETOP UKUTT

SDP, Kogi Govt Biker over Insecurity Allegations

Ibrahim Oyewale in Lokoja

Barely 24 hours after Kogi State government challenged the Social Democratic Party (SDP) governorship candidate, Mr. Murtala Yakubu Ajaka to prove that the state was fueling insecurity, the SDP Campaign Organisation has alleged to have uncovered a dastardly conspiracy between some security chiefs in Kogi State to abduct

the SDP flag bearer.

This was contained in a press statement signed by the Director of Communications, SDP, Mr. Farouk Adejoh copy of which was made available in Lokoja yesterday, stressing that there is plot to frame him with trump-up charges with the aim of clamping him into detention and possibly assassinate him.

“Just yesterday, the Kogi State Commissioner , Kingsley has

‘Tinubu’s Presidency ‘ll Unite Nigerians’

A former diplomat and senatorial candidate of the All Progressives Congress (APC) in Enugu State, Ambassador Ejike Eze, has said that the appointments and policies enunciated so far by President Bola Tinubu will unite Nigerians.

Eze, who was the senatorial candidate of the APC for Enugu North Senatorial District, said the removal of the fuel subsidy and the recent appointments by the president caused Nigerians to heave a sigh of relief, noting that Tinubu was determined to unite the country.

Eze, a diplomat specialising in intelligence and security protocol,

challenged the SDP gubernatorial candidate to prove allegations against the state government with evidence with next seven days.

Details of the plan, which began manifesting yesterday included hastily arraigning Alhaji Ajaka before a Lokoja Court to legally seal the plot to incarcerate

him indefinitely,” it said.

The SDP also alleged that in furtherance of the plot the State Commissioner of Police Hakeem Adeshina Yusuf who it said has

refused to investigate its petition of attempted assassination on June 3, 2023, is now stalking its candidate to accuse him of being the aggressor in the attack.

Court Sentences Hotel Employee to Death for Killing MD, Manager

Wale Igbintade

served in Nigerian embassies in Germany, Portugal, Ghana and Cuba.

He said the actions and policies of the Tinubu presidency so far depicted a determination to move the country forward.

“For the first time, I am seeing a president that really knows what he wants. In his first speech, he said subsidy had gone and meant it and he is implementing it. This is something we have debated and argued for many years. “For the first time in a long while, I am seeing balanced appointments. The appointments gave Nigerians a sense of belonging.”

Torture: ECOWAS Court Awards N60m against Nigeria

Michael Olugbode inAbuja

ECOWAS Court has awarded N60 million in damages against the Nigerian government for the torture of Sunday Olaniran Ayodeji by a police officer.

Ayodeji, leg was amputated as a result of gunshot by a Police officer in Kaduna State and had his possessions including a car and the sum of N900,000 confiscated by the same police officer who inflicted the permanent injury on him.

Ayodeji’s case was handled at the

court on pro-bono basis by Avocats Sans Frontieres France under the European Union (EU) and Agence française de Développement (AFD) funded SAFE Project

A statement yesterday said:

“Avocats Sans Frontieres France (Lawyers without Borders France) is delighted to announce that the ECOWAS Court on the 10th of July, 2023 held the Nigerian government responsible for the torture of Mr. Sunday Olaniran Ayodeji whose leg was amputated due to a gunshot by a Police officer in Kaduna State, Nigeria.

Kano Sponsors 1,100 Graduates to Study in Local, Overseas Varsities

Ahmad Sorondinki inKano

The Kano State Government Screening Committee for the Restoration of Policy on sponsorship of best graduates of Kano indigenes has so far screened over 800 candidates to study in various universities in Nigeria and overseas. This was disclosed by the state’s Commissioner for Higher Education, Dr. Yusuf Kofar Mata at a press conference in Kano yesterday. The commissioner explained that

government would sponsor best performing students, adding that his committee has since screened 800 students among the over 1200 applications it received.

“Accordingly, before the commencement of its assignment, the committee assessed, discussed and acknowledged with deep appreciation on the robust nature of the previous sponsorship which resulted in transforming and uplifting of good people of Kano State in various areas of human endeavours.

An Ikeja High Court yesterday passed a death sentence by hanging on a 30-year-old hotel staffer, Mr. Jeffrey Ehizojie, for strangling his employer, Ms. Olusola Olusoga, and the hotel manager, Mr. Tunji Omikunle, to death.

Delivering judgment, Justice Oyindamola Ogala, held that the prosecution has proved its case beyond reasonable doubts.

The court found Ehizojie guilty of beating and strangling the managing director of Etsahol Hotel and Suites located at Ojodu-Berger, Lagos.

The judge held that the crux

of the case of the prosecution was premised on the confessional statement of the convict as well as circumstantial evidence.

Justice Ogala stated that he had carefully considered the retracted defence statement (admitted as evidence), which showed where Ehizojie stated that one of the hotel staff,

Henry, had informed him that he observed that the owner of the hotel kept much money at home.

The court held that “the defendant, in his confessional statement said that Olusoga treated her workers badly so they planned to tie her and collect her money.

Digital Lending: FCCPC Insists on Deleting Apps over Defamation, Harassment

Raheem Akingbolu

Operators of digital lending apps who defame and harass Nigerians in an attempt to recover loans, will have their apps deleted on Google, Executive Vice Chairman/Chief Executive Officer (CEO) of the Federal

Competition and Consumer Protection Commission(FCCPC), Babatunde Irukera, has disclosed.

Speaking on ARISE News yesterday on the recent activities of the commission, Irukera further stated that the strategy to delist loan applications found harassing customers has led to

significant reduction and those left have met the stated ethical requirements. He further added that once a loan app has been delisted due to consumers’ harassment, there would not be a second chance. He also said genuine people in need of the loans should not be made to suffer

frustrations to get loans. “We would make sure that any app that is on Google but defames consumers would not have the opportunity to do legal business in Nigeria anymore.

“You cannot because there is a high rate of default, begin to engage inappropriate ways of recovering loans.”

Police Arrest Three Suspects for Killing Bread Thief in Bayelsa

Olusegun Samuel in Yenagoa

The Bayelsa State Command of the Nigeria Police Force (NPF) yesterday confirmed the arrest of three suspects in connection with the mob action that led to the death of Mr. Ebimotimi

Freeborn, a 32-year-old male, who was allegedly caught stealing bread from a bakery located along Etegwe-Amassoma Road in the Yenagoa metropolis. In a statement that was issued by the State Police Public Relations Officer (PPRO), Asinim

Butswat, the suspects, Ms. Preye Mathew, 50 years female; Mr. Theophilus Tiro, 28 years male, and Mr. Famous Precious, 22 years male, were arrested for allegedly taking part in the mob action. According to sources, the first

class graduate of University of Ibadan who hailed from Korokorosei Community in Southern Ijaw Local Government Area went into petty theft after he lost his father, the bread winner of the family, few years ago.

Femi Adesina Blasts Kukah for Calling Buhari’s Govt Corrupt

Chuks Okocha inAbuja

Media spokesman to former President Muhammadu Buhari, Mr. Femi Adesina, has knocked, Bishop of Sokoto Catholic Diocese, Matthew Kukah over recent critical comments of Buhari government

which he described as the worst in corruption.

Kukah spoke on Monday at the 60th anniversary of the call to the bar of legal luminary Afe Babalola, SAN, in Ado Ekiti, where he said corruption became its ugliest under Buhari government. But in

his reaction via his verified Twitter handle, Adesina dismissed Kukah as a man who sought patronage from Buhari but got none.

Adesina said: “Who listens to that Bishop again. He’s still pained that he got no under-the-cassock patronage from Buhari, unlike in the

past. As e dey pain them, e dey sweet us.” Kukah had in his speech said: “We have seen the worst phase of corruption in Nigeria. Femi Falana, my friend here, will speak about that because he has published a series of articles talking about what happened under the Buhari administration.

May You Not Encounter Regrets, Oba of Benin Prays for Edo Guber Aspirant

Adibe Emenyonu in Benin City

Oba of Benin, His Royal Majesty, Oba Ewuare II, has lauded the governorship aspirant of the All Progressives Congress (APC), Mr Ehiozuwa Agbonayinma, for his

resilience, and quest to govern the state, and prayed for him not to encounter regrets in his mission to govern Edo State come 2024.

The Oba stated this when he received Agbonayinma in his Palace in Benin City, yesterday

to formerly inform the traditional ruler about his ambition to contest the forthcoming governorship poll.

He said: “A lot of persons from various political parties are contesting for this position.

We have prayed for you that as you have respected your elders, you will reap the reward.

“This journey that you are about to begin, it shall be peaceful for you all. You will not encounter regret”.

Kaduna Guber: INEC Presents Documents from Nine LGAs to Tribunal

John Shiklam inKaduna

The Independent National Electoral Commission (INEC) yesterday presented forms EC8A, EC8B, and EC8C from various polling units, wards, in nine Local Government Areas (LGAs) to the Kaduna

Governorship Election Petition Tribunal.

The tribunal chaired by Justice Victor Oviawe, had earlier ordered INEC to bring before it, original copies of the said documents from the 23 LGAs of the state.

The forms submitted were those

of Birnin-Gwari, Igabi, Kaduna North, Kubau, Lere, Sabon-Gari, Zaria, and Kudan LGAs.

The petitioners, Peoples Democratic Party (PDP) and its governorship candidate in the 2023 elections, Isa Ashiru, had in an application requested for the forms.

The lead counsel to petitioners Oluwole Iyamu, SAN, challenged the authenticity of the results from 11 polling units in Birnin-Gwari, 20 in Igabi, 4 in Kaduna North, 44 in Kaduna South, 12 in Kubau, 9 in Lere, 8 in Sabon-Gari, 4 in Zaria and 5 in Kudan LGAs.

WEDNESDAY JULY 12, 2023 THISDAY 37 NEWS

PROMOTING HOUSING…

L-R: Sales Manager, Victron Energy, David Alsina; Founder, Citadel Views Estate, Dr. Kennedy Okonkwo, and Head, Strategic Business Unit, Victoria Crest Homes, Chiamaka Okonkwo, at a press briefing on the 205 units of solar-powered homes in Citadel Views Estate in Ajah, Lagos....yesterday ETOP UKUTT

Arrested Vessel with 150,000 Litres Stolen Crude Oil Set Ablaze in Delta

Sylvester Idowu in Warri

Operatives of Tantita Security

Limited and Nigerian National Petroleum Company (NNPC) yesterday set ablaze, a vessel ladened with 150,000 litres of stolen crude oil in Delta State.

The vessel, MT TURA II(IMO Number:6620462) with Registration Number, RC 813311, owned by Holab

Maritime Services Limited was set ablaze at exactly 1.09 pm at a creek close to Bennett Island in Warri South West Local government area of the state.

The vessel was conveying crude oil from Nigeria to Cameroon when it was arrested with 11 Nigerians and one Ghanaian onboard on last Friday.

A Nigerian Airforce fighter

Buni Appeals for Urgent Intervention on Federal Projects in Yobe

MichaelOlugbodeinDamaturu

Yobe State Governor, Hon. Mai Mala Buni, has taken the state of federal projects in his state to the federal government, insisting that there is an urgent need for intervention.

Buni made the call during a visited to the Secretary to the Federal Government, Sen. George Akume where he discussed areas of cooperation and intervention by the federal government.

The governor, while highlighting the state of federal projects and the urgent need for federal intervention, recalled that some federal roads were

washed away by the floods last year.

Other projects the governor made an appeal for include the Damaturu regional water supply, Fika Water project, electricity supply and among others.

The Secretary to the Federal government, Sen. George Akume, assured Governor Buni that the federal government would look into these projects to improve the lives of the people.

He also assured him of the commitment of the Tinubu administration of working on the same page for the benefit of the people of the state.

Itel Unveils New S23 Smartphone in Enugu

Gideon Arinze inEnugu

Itel global smartphone brand yesterday unveiled its newest addition, the itel S23 smartphone, to students at the Institute of Management and Technology (IMT) Enugu.

The brand was unveiled during a campus concert which featured popular music star, Ladipo Eso (Ladipoe), and was organised by itel in partnership with MTN at the International Conference Centre of IMT.

The concert featured several competitions, with many students

winning different gifts, including cash prizes, power banks, itel S23 smartphones, bags and other branded items.

Speaking during the concert, the National BTL Marketing Manager, Itel Nigeria, Taiwo Mojisola, said it was aimed at entertaining the students and also creating awareness for itel S23 and other accessories.

Mojisola said: “Students need certain features in their smartphones, but they can’t afford them, and this is why we have launched the smartphone to enable our users to enjoy a better life without having to spend too much.”

Group Distributes Free Education Materials to Rivers Students

BlessingIbungeinPortHarcourt

As part of measures to promote quality education for students in Rivers State and in line with the Sustainable Development Goal (SDG 4), a group, Youths and Environmental Advocacy Centre (YEAC-Nigeria), in partnership with a peace advocate, Mr. Solomon Ndigbara, yesterday distributed free education materials to secondary school students in Ogoniland. Ndigbara, an ex-Niger Delta

jet was deployed to give effect to the burning of the vessel, in an attempt to blow it up but failed due to the strong metals used in building the

vessel in 1965.

The fighter jet, which arrived at about 3.49 pm fired several shots targeting the vessel but failed to decimate it and had

to return to base.

However, Tantita Security and the military resorted to setting the vessel ablaze manually.

Tantita Executive Director on

Technical Operations, Captain Warredi Enisuoh told journalists that the government made a swift decision to destroy the vessel.

Police Commissioner Vows to Chase Out Kidnappers, Armed Robbers, Cultists in Kwara

Hammed

The new Kwara State Police Commissioner, Mrs. Ebunoluwarotimi Adelesi, has vowed to put in place and sustain strategies in the state that would chase out kidnappers, armed robbers, and cultists among others so as to advance the peaceful

atmosphere for the residents as well as boost their economic growth.

Adelesi made the pledge in Ilorin yesterday during her maiden press briefing with journalists on her commitment to make the state crime-free. She said: “I am happy to observe that Kwara State is noted for having a low crime rate. Despite the low

crime rate, it is pertinent to the state that the Command is not absolutely free from threats.

“Some of the identified threats are kidnapping, armed robbery, cultism and allied offences, intra and inter-communal clashes as well as road traffic accidents (RTA).”

Adelesi, who was a former deputy commissioner of police in

the state before her new position, stated that: “It is pertinent to bring to the notice of all that the emphasis of the Command under my watch shall be on crime prevention. “This is borne out of our conviction that the emotional, social, economic and practical costs of victimisation are unquantifiable and extremely burdensome.

Labour Party Dismisses Reports on Obi’s Intention to Contest in 2027

Emameh GabrielinAbuja

The Labour Party (LP) has dismissed viral reports that its presidential candidate, Peter Obi, was nursing the ambition to contest in 2027.

The Chief Spokesman of ObiDatti Campaign Council, Dr. Yunusa Tanko, said the interview which

Obi was quoted to have said he would contest the presidential election in 2027, never happened as the former governor of Anambra State was not in even in the country.

Tanko in a statement made available to journalists in Abuja yesterday said there was no time Obi granted the said interview to any media organisation in Nigeria

or outside the country. He said: “Our attention has been drawn to a publication in the Daily Post and some social media networks on an interview granted by His Excellency Peter Obi to Arise News television.

“We want to quickly point out that this is the highest level of yellow journalism taken too far all in a bid

to change the narrative as there was no time Obi granted such a nebulous interview to Arise News.

“Obi arrived in Nigeria from an overseas trip just last weekend, and for any reputable media organisation to publish such a fallacy and complete fabrication calls to question the kind of journalism some Nigerians are practicing.

Delta Gov Nominates New Board Members for Internal Revenue Service

Omon-Julius Onabu inAsaba

Governor Sheriff Oborevwori has sent a list of five nominees, including a chairman, to the Delta State House of Assembly for appointment into the Board of the Delta State Internal Revenue

Service(DIRS).

A letter from the Governor, which was read at yesterday’s plenary by the Speaker, Hon Emomotimi Guwor, said that a former member of the State House of Assembly representing Uvwie state constituency, Hon Solomon

Ighrakpata, has been nominated as chairman of the board.

Other nominees are: Frank Nwugo, Executive Director (Operations); Kelly Oghenekevwe, Executive Director (Finance and Administration); Collins Iwebunor, Executive Director (ICT and

Corporate Development); and, former state lawmaker, Hon (Mrs) Orezi Esievo, Executive Director (Legal Services).

According to the statement, the nominees are to be screened by the House of Assembly on Tuesday, July 18, 2023.

Subsidy Removal: CD Makes Case for Palliatives to Avoid Social Unrest

Ayodeji Ake

The Campaign for Democracy (CD) has raised concerns about the hardship of the people as a result of the fuel subsidy removal without adequate palliative measures to cushion the effects of the removal.

agitator, said the gesture became necessary to support and contribute to the education of the younger generation of youths to promote peace in society.

He called on the students to make judicious use of the educational materials, which included thousands of exercise books, biro, and others, adding that the students must conduct themselves peacefully in school, back home and in society to promote peace and security.

The South-west faction of the group in a statement issued yesterday noted that if the federal government failed to make available palliatives, the unlimited sufferings of Nigerians may metamorphose into social unrest and protests.

The statement signed by the

Vice President, CD, South-west, Godwin Abiodun Akangbe, highlighted businesses suffering for survival, a bleeding transportation system, and indigent Nigerians turning to beggars among other challenges as consequences of the subsidy removal.

According to the statement, “The situation on the ground is so bad that the people are groaning. Well-kitted men and women have turned to beggars just to meet up with daily needs. The situation around the cities is so terrible.

Ogun Tribunal: Confusion as PDP Witnesses Fumble on Election Dates, Other Facts

James Sowole inAkure

There was profound confusion yesterday during the ongoing proceedings at the Ogun State Governorship Election Petition Tribunal sitting in Abeokuta, as

two witnesses of the Peoples Democratic Party (PDP) fumbled on facts in their statement of oath. The witnesses, Olusanya Olatunji and Abidemi Adenuga, displayed ignorance on electoral processes and process of selecting agents and

dates of the gubernatorial election.

Olatunji, a PDP member, who came from Idowa in Odogbolu Local Government Area of the state, admitted to have deliberately concocted the figures he supplied in his witness statement with

regard to registered voters and PVCs collected in his area. Another witness, Adenuga, while being cross-examined, said the gubernatorial election in the state was held on March 13 instead of 18.

Gender: NGO Urges 10th Assembly to Domesticate Maputo Protocol

Kuni Tyessi in Abuja

A non-governmental organisation, BAOBAB for Women’s Human Rights, has called on the leadership of the 10th National Assembly to as a matter of urgency, domesticate

the Maputo Protocol, to improve the lives of women in Nigeria and Africa at large.

The Executive Director of the group, Ms Bunmi Dipo-Salami, who made the call in a statement yesterday to mark the 20th anniversary of the Maputo

Protocol, said the call became imperative as a country can prosper only when the lives of women are meaningfully impacted.

On the theme: ‘Accelerating Promises for African Women and Girls’, which was in

commemoration of the two decades of significant milestones, Dipo-Salami noted that it has been 20 years of uncertainty, 20 years of slow progress, and 20 years of sustained advocacy to actualise the raison d’être of the treaty.

WEDNESDAY JULY 12, 2023 THISDAY 38 NEWSXTRA

Napoli Waiting for PSG’s ‘Indecent Proposal’ on Osimhen

Napoli President, Aurelio De Laurentiis, has once again reiter- ated his stance on the talented Nigerian forward, Victor Osimhen, not available for transfer to any team despite interests from some of Europe’s biggest teams this summer transfer window.

Manchester United, Chelsea

and Paris Saint-Germain (PSG) are amongst several top European clubs to have held interests in Osimhen, who enjoyed an outstanding season with 26 goals in 32 Serie A appearances as Napoli won the title for the first time in 33 years.

De Laurentiis told Sky Italy

yesterday: “We will see Victor Osimhen wearing our shirt next season, that’s for sure.

“Then, if a more than indecent proposal arrives, we will move on and find another top talent as we did with Kvaratskhelia and Osimhen.

“The only club that could

afford Victor Osimhen is Paris Saint-Germain," De Laurentiis told Mediaset in Italy. "If (PSG President ) Nasser Al Khelaifi wants to send in a bid around €200million…we wait and we see what happens. I personally think that Victor will stay here,” concludes the tough Italian club chief.

Sporting Lagos Stun Remo Stars in South-west Derby

Katsina Utd dump out league champions Enyimba

Femi Solaja

Newly promoted Nigeria Premier League (NPL) sides, Sporting Lagos, created the biggest shock of the ongoing Naija Super 8 Football Tournament yesterday when they defeated Remo Stars 2-1 to stay in hunt for the big pay out.

Just before the Godwin Enakhena managed Lagos team created this upset at the Mobolaji Johnson Arena, another returnees to the Nigerian topflight, Katsina United bundled out 2023 NPL champions and runners-up in their Naija Super 8 Group B, Enyimba International FC, by the same 2-1 scoreline.

While the defeat ended Enyimba's participation in the tournament, Remo Stars' hope of qualification for the top prize now hangs in the balance.

Katsina United are top of the table on goal difference with same four points from two games as Sporting Lagos. Remo Stars are third with same four points but from three matches. Enyimba got just one point from their three games.

In the fierce South-West derby, Remo Stars asserted their authority on the game, and opened the scoring in the 17th minute through Frank Muawena. The Ikenne boys had two opportunities to double their lead within five minutes, but failed

to make them count.

Few minutes later, they were punished. Saturday Okon received a brilliant pass behind Remo Stars defence, rounded the goalkeeper and slotted the ball into an empty net, to draw Sporting Lagos level in the 27th minute.

Isaac James came close to restoring Remo Stars' lead with a looping header in the 61st minute. The striker had another opportunity in the 70th minute, but dragged his shot wide from close range. The NPFL runner-up mounted pressure on the Sporting Lagos goal, but were repelled by resolute defending and some brilliant goalkeeping.

Just as the game looked set for a draw, a long ball down the field caught Remo Stars' defence napping.

A clumsy challenge by Victor Collins in the box gifted Sporting Lagos a penalty in the 88th minute. Having missed a penalty in their previous match against Enyimba, Chiemeka Nwokeji managed to convert from a rebound, after his initial kick was saved by the goalkeeper. Sporting Lagos finished the match with 10 men, after goalkeeper, Christian Nwoke, received his second yellow card for time wasting.

Reacting to the defeat, Remo Stars coach, Daniel Ogunmodede, lamented the loss of concentration that cost his team. He said: "We dominated the

Wimbledon: Djokovic Survives

Rublev Scare to Reach S’final

Novak Djokovic on Tuesday came through a bruising battle with seventh seed Andrey Rublev to maintain his bid for a record-equalling eighth Wimbledon men's title.

The Serb, also aiming to match Margaret Court's record of 24 major singles titles, fought back to win 4-6 6-1 6-4 6-3 in the quarter-finals.

Second seed Djokovic, 36, will play Italy's Jannik Sinner in the last four. Sinner, 21, reached his first Grand Slam semi-final by beating Russian Roman Safiullin 6-4 3-6 6-2 6-2.

In contrast, Djokovic will contest a 46th major semi-final - having

equalled Roger Federer's all-time men's record - when the pair meet on Friday. It is a repeat of their quarter-final last year when Sinner came close to beating Djokovic, before the veteran fought back from two sets down to win.

Four-time defending champion Djokovic's hard-fought win against Russia's Rublev was his 33rd consecutive victory at the All England Club.

He has not lost a completed match in SW19 since 2016 and has not been beaten on Centre Court since losing the 2013 final against Britain's Andy Murray.

Organisers Plan Big for 2023 Nigeria Cup Golf Tournament

The organisers of the annual Nigeria Cup; a tournament put in place to mark the nation’s independence anniversary has promised to make this year’s edition of the competition as interesting as ever.

Chairman of the 2023 Nigeria Cup Organising Committee, Akoni Olayinka Olafimihan, said he was working with his team to make sure that this year’s Nigeria Cup goes as planned. According to him, this year’s edition of the tournament is coming at a challenging time in the nation’s history and as such, every effort at fostering unity among Nigerians, in

game. Every moment was ours. Unfortunately, we couldn't take our chances. A little lack of concentration from our centerback allowing the ball to bounce in the box, led to the penalty. Kudos to Sporting Lagos, they

didn't want to lose and luckily they got the win."

Sporting Lagos coach, Paul Offor said his team will not get carried away with the results they have achieved in the competition. "This competition is a great opportunity for us as a team that just qualified for the NPFL to play teams like league champions,

Enyimba and runner-up, Remo Stars. Today, we played a team that didn't allow us to play out from the back the way we like to do. So we suffered a lot coping with the press.”

With both side knowing a defeat is not an option, the first half between Katsina United and Enyimba produced little goal-mouth action. The second half

started on an attacking note. Following a sweet counter attack, new signing, Ibrahim Yahya, produced a beautiful curling shot from the edge of the box to put Katsina United ahead in 53rd minute. Five minutes later, another counter attack by Katsina United led to a penalty, which was coolly dispatched by Nazifi Yahaya.

Gov Otti Tasks Kanu to Help Enyimba Regain Lost Status in Africa

Emmanuel Ugwu-Nwogo in Umuahia

Nigeria’s football legend, Nwankwo Kanu, has been appointed to play supervisory role in the affairs or Enyimba International Football Club of Aba.

Abia State Commissioner for Information, Mr. Okey Kanu, made this known while briefing journalists on the outcome of the maiden meeting of the newly inaugurated State Executive Council.

He said that the appointment of the former Nigeria international and Olympic gold medalist was approved by SEC with the aim to strengthen the 2022/2023 NPL champions to conquer the continent once again.

Enyimba's technical crew and players to start preparations in earnest to make Nigeria’s most successful club side regain their continental status by bringing back the elusive CAF Champions League trophy.

Otti gave the challenge at the reception organised for Enyimba FC after they emerged champions of the NPL season-ending Super 6 tournament in Lagos last month.

The governor, who was represented by his Deputy, Engr Ikechukwu Emetu, assured the club that government would provide every support needed to make Enyimba bounce back as continental champions.

Otti said that his government was aware of the onerous task ahead of the People's Elephant to conquer other clubs in Africa’s most

prestigious club competition. North African club sides still remain the most dominant in the competition. Apart from promising to support the Enyimba gaffer, Finidi George and his boys to do Abia and Nigeria proud, Otti also said that more players would be recruited to fortify the club while the Enyimba Stadium Aba would be renovated to meet international standards.

Ogun Unveils 16-man Committee for 2024 National Sports Festival

James Sowole in Abeokuta

spite of the differences in the land should be the ultimate goal of all.

To this end, the committee has adopted, “Fostering Unity Through Golf”, as theme for this year’s competition. While stressing that 2023 Nigeria Cup will serve as good marketing opportunities for corporate organizations, Olafimihan urged members of Ikoyi Club, corporate outfits and well meaning Nigerians to support the event.

While thanking individuals and companies that have supported the event over the years, Akoni Olayinka Olafimihan said their efforts will always be appreciated.

Kanu had last month visited Governor Alex Otti during which the former Arsenal star congratulated him for emerging the fifth democratically elected governor of Abia and pledged to offer his services to help develop sports in his home state.

Enyimba would lead Nigeria's charge at the 2023/2024 edition of the CAF Champions League competition, which was last won by a Nigerian club in 2004 following Enyimba's successful defence of the trophy they won in 2003. Since then, the CAF Champions League diadem has remained a bridge too far for Nigerian clubs.

But Governor Otti wants to end the long wait and has already tasked

Ogun State Government yesterday announced its readiness to hold the 2024 National Sports Festival (NSF) in fulfilment of an earlier promise made by the Governor, Dapo Abiodun, as it unveiled leading professionals in Nigeria's sports sector as Local Organising Committee (LOC) members.

The state government had earlier in May, signed a Memorandum of Understanding (MoU) with the federal government, through the Federal Ministry of Sports and Youth Development on the sports fiesta.

During the occasion, Abiodun had told the federal government’s delegation led by then Minister of

Sports, Mr. Sunday Dare, that Ogun State was ready to host a world-class festival in 2024, adding that the state has capable hands and sponsors ready to support the bid.

To that end, the former minister, while expressing the federal government's acceptance of the proposal, had noted that the choice of Ogun State as the next host of the NSF was due to its culture of sports development, availability of sporting infrastructure and potential to host a befitting festival that would linger for a long time.

Unveiling the 16-man LOC in Abeokuta, the Secretary to the State Government (SSG), Mr. Tokunbo Talabi, in a statement listed former Commissioner for Youths and Sports in the state, Mr. Bukola Olapade as

Chairman of the LOC alongside Mr. Tilewa Adebayo, a sports enthusiast, as co-chairman.

Olapade, the progenitor of the top-rated Access Bank-sponsored Lagos City Marathon, Abeokuta 10km Marathon race, and the Remo ultra-race, remains topnotch in the world of sports in Nigeria.

Another member of the Committee, Mrs. Falilat Ogunkoya-Omotayo, who is regarded as the Queen of tracks, is a 1998 World Cup of Athletics Champion, 400 metres grand prix champion, 200 metres world champion, two-time Olympic medalist and the first female Nigerian to win an individual Olympic medal and hold the African record in 400 metres till date.

WEDNESDAYSPORTS Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com 0811 181 3083 SMS ONLY
SUPER 8 WEDNESDAY, THISDAY 39
NAIJA
Sporting Lagos FC players celebrating a goal against Remo Stars during their Naija Super 8 Tournament in Lagos...yesterday Victor Osimhen...Napoli waiting for ‘Indecent Proposal’ from PSG

MISSILE Monarch to Contractor, FG

“Iamsurprisedthatforthepastoneyear,thecontractorisstillonthesamespot(Auchi-Igarra-Ibillo Road).Thejobisnotgoingwell,itisawasteoftime,youcanhardlytravelfromheretoBeninwithout encounteringtroublesoccasionedbybadspots.IwanttoappealtotheFederalGovernmentthatifitis financesthatareholdingbackthework,theyshouldpleasereleasemoneyforthecontractorbecause wearesufferingandfindingitdifficulttomovefromoneplacetoanother.”--TheOtaruofIgarra,Oba AdecheSaikiII,lamentingthebadstateoftheAuchi-Igarra-IbilloRoadinEdoState.

SAMAMADI

GUEST COLUMNIST

Letting the Poor Breathe

It is reported that President Bola Ahmed Tinubu spoke out the words of the title of this piece. It will be heartwarming if he understands that the poor are not breathing in Nigeria, and he is determined to help them breathe.

When we discuss about the poor in Nigeria, we are not just discussing about the more than 93m citizens who are formally captured as living below official poverty lines. We are not talking only about the 134m citizens who do not have access to the barest basics of health, education, and recreational facilities in rural and urban Nigeria, or the additional 7.1m Nigerians that the World bank predicts will fall into deeper poverty because of government’s removal of subsidy and spikes in energy costs. When we discuss about the poor in Nigeria, it includes the millions who, though officially not poor, are continually exposed to plenty risks of such nature that if any of them crystalizes, they are flung into deep poverty. Poverty in Nigeria is not just numbers; it is pervasive vulnerabilities and incapacities. Successive Nigerian governments have paid lip service to the question of acute poverty and inequality because in the eyes of an irresponsible state, poverty is basically a personal problem for millions left behind. Even the poor themselves do not seem to begrudge society as is done in other societies where increasing poverty often leads to violent conflicts. It seems that the Nigerian poor are a more charitable lot. But despite the social psychology of poverty in Nigeria, it remains a real threat to national prosperity and survival. Nigeria’s future is partly tied to her ability to drastically reduce poverty. Nigeria cannot have development and peace if, as illustrated by the Poverty Clock, more Nigerians are pushed into acute poverty than any other poor nation of the world. We do not have real guarantees of peace and prosperity, despite what constitutional texts may wish, if pervasive and acute poverty keeps rising every day. Nigerian reformers should consider effective assault against poverty as the cornerstone of strategic agenda to reverse their countries’ speedy race to economic and political failure.

There is a fatalism about poverty that needs to be cleared to develop real commitment to an effective antipoverty strategy. This fatalism is two-pronged. First, we think that somehow the poor deserve their fate. This may be an unspoken sentiment, but it beclouds and disarrays efforts to reverse rising poverty. Second, we often think that large scale poverty is probably the inevitable outcome of a commitment to wealth creation. So, misquoting Joseph Schumpeter, poverty is the result of ‘creative destruction’ that has spurred out immensurable growth and happiness. We cannot take the upside without the downside. The wheel of wealth inevitably spins impoverishment for the few. This is the catechism of some in the growth school.

But poverty is not an unavoidable or invincible threat. We are not bound to leave many citizens very poor. The sensationalizing of poverty masks the fact that it is a determinable result of the interactions between social actions and revisable social structures that sustain our social order. Structuralists err in reifying structure. Structure is not fate. We can always revise and recreate structures. But the political economy of doing so could be difficult to grasp or hard to implement. Global antipoverty activists often remind us that there is enough wealth in the world for none to go to bed hungry and poor. The problem is poor distribution. This may be a lot simplistic. But the truth is that poverty is not the work of nature, even when nature is harsh. It is a result mostly of inefficient and deliberately mischievous mismanagement of resources and opportunities.

Poverty is a management failure. It is the wrong understanding of human beings, society, and the relationship between them that leads to ineffective policy interventions. Poverty is mainly a social science problem. As the famous Nigerian social scientist, Claude Ake, observed in his book, Social Science as

imperialism, social science can be the handmaiden of freedom or slavery. If poverty is a social construction, how do we begin to take real actions that can reverse poverty in Nigeria. The starting point for overcoming pervasive poverty is to acknowledge that the poor needs to breathe, thanks to President Tinubu.

One of the central questions of justice in political philosophy is whether the poor deserves social amelioration through special public interventions. Distinguished political philosopher, John Rawls, attempted to theoretically justify the welfare state by constructing a theory of justice that is predicated on an egalitarian principle of fairness. In his view, justice requires that everyone should have equal access to the most expansive basic equal rights. The key point is equality. Equality prescribes that the minimum requirements of all should be achieved before resorting to meritocracy of any sort, even if this requires significant transfers of wealth from the very rich to the very poor through taxation. There are contrary theories of justice, especially those chiefly promoted by Robert Nozick, that argue that justice requires that no one be expropriated through taxation to make another good. Despite these philosophical arguments about the moral obligation of the state in matter of wealth distribution for poverty reduction, modern economics today recognizes, as eminent economist, Dudley Seer, puts it, that improvement in the wellbeing of the poor is the ultimate measure of development.

If your development is not lifting the poor out of poverty, then you are not developing. The Chinese economic miracle is authenticated by its ability to lift hundreds of million from poverty. Between about 2002 to 2012 Nigeria’s GDP growth was about 7% annually, close to China’s growth of about 9% for more than two decades. While China’s growth resulted in job creation and hundreds of millions taken out of poverty, Nigeria’s growth resulted in loss of jobs and increase in poverty. As I will argue later, the difference is state-society relation that directed the sort of policies deployed in China’s emerging market economy. As Joseph Stiglitz noted in his address to World Bank-IMF annual meeting, development requires transformation. If you do not change the structural relationship in the society, you cannot develop in the manner that China, South Korea or Japan did. Unlike Nigeria, China deployed different growth strategies that benefited most of its citizens and got positive results.

For Nigerian government to let the poor breathe, the prevailing view of its policymakers matters. Neoliberal economic theory of the market and the role of government often obscures the pathways to poverty and out of it. The fanciful idea that there is a natural market and effective economic policymaking in the context of an undeveloped economy like Nigeria requires fidelity to the same set of institutions prevailing in the advanced western countries is nothing but fanciful.

As Ha-Joon Chang of Cambridge University once put it, quoting Frederick List, the developed countries grew wealthy by climbing through the ladder of alternative economic policymaking contrary to the ones prescribed in the so-called Washington Consensus.

Yes, there is only one way to overcome poverty: economic growth. We cannot dent poverty profile in Nigeria if we do not grow the country exponentially. The evidence is compelling that all pathways to poverty reduction comes through rise in productivity. Nigeria must become a highly productive economy. We must ensure that the ethos of public leadership is rooted in a community to ensure that we produce more at less. As with Deng’s China, there should be a mantra of economic growth. Ensuring that we grow at least 7% per annum should be an overriding consideration. But economic growth is a necessary but not sufficient condition for significant poverty reduction to occur. It matters the nature of the growth.

Sustained economic growth will not happen without structural change. We must change the institutional underpinning of economic and social transactions. These are the incentives for the social behavior that leads to productivity which for want of a better work we call ‘economizing’. Productivity is a result of the interplay of many factors, including social beliefs and laws and norms. Nigeria has a productivity crisis arising from the nature of its constitutional order which emphasizes privileges and prerogatives and enthrones neo patrimony. Constitutional texts are not mere legality. They are signals and incentives for economic and social behavior. When your constitution prescribes sharing in a manner that does not encourage production, then it will breed lack of productivity and poverty. When your constitution smoothers egalitarianism and enthrones inequality, you are constraining enterprise. This will lead to low growth. It is time to review the constitutional foundations of our economy to create the sort of egalitarianism and meritocracy that enables growth-enhancing economic behaviors. There is a path-dependency to Nigeria’s perennial economic crisis. As Buhari’s Finance Minister rightly observed, Nigeria’s huge debt crisis is a revenue crisis, which is a productivity crisis. Nigeria has a small economy for its population and its infrastructural and social needs. Nigeria cannot boost its productivity because it is not producing enough. It is not producing enough because it is shackled by its neo-feudal and pseudo-capitalist foundation. The Nigerian state, unlike the Chinese or South Korean state, is not committed to any productive quest apart from the capture of surplus value for elite political class, be it ethnic, religious, or social. Nigerian elites construct the Nigerian state to cater to their own exceptionalism and not to advance any modern developmental project. Extraction and consumption are the organizing principles of such states.

So, while current Nigeria economic policy elites, sourced mainly from the private sector, focus on mimicking market institutions in the capitalist west, they should remember that sustained growth on the scale of the Indo-European and Asian countries would be impossible except the state is constructed in the logic of the egalitarianism of western liberalism or the solidarism of Confucian Asia. Institutional transplantation without the cultural infrastructure of these successful economies will not lead to sustained economic growth. But sustained economic growth if it happens may even worsen poverty considering the structure of the

Nigerian economy and its politics. We have been on this path before, and the poor did not breathe. We had the high sounding National Economic and Empowerment Development Strategy (NEEDS) of the PDP government. It built an elegant edifice of neoliberal economic reform and decorated it with poverty reduction strategy. Unlike in China, NEEDS was a neoclassical economic argument about getting prices rights and fixing institutions, garnished with some tokenistic sprinklings of antipoverty interventions. It followed the prevailing logic of a favorable tide lifting the boats of the poor. The tide of economic growth did not lift the boats as predicted, because it flowed to the mainstream, not to the downstream. But China took a different path. It did not get the prices or institutions right. It abandoned orthodoxy. As Yuen Yeun Ang argues, China escaped poverty because it wisely experimented with existing conditions in an adaptive manner that shunned the quest for best institutions and right pricing but rather focused on productivity that is grassroot-based. The central government directed improvisation at the local level in a manner that is technocratic, meritocratic and enterprise oriented. Deng did not map textbook market institutions on bad structure. There was co-evolution of state and markets to create a synergy that coherently transformed China. The key issue seems to be systematic rural industrialization that benefited the rural poor mostly. China’s industrial burst of energy happened regionally and enhance economic and social wellbeing in the rural communities. Poverty reduction strategies were not add-ons to cushion the impacts of disruptive economic reform. They were the centerpiece of China’s economic reform.

In China, economic growth went together with rural development. According to the NBS, Nigeria’s poverty is mostly a rural phenomenon, 72% of rural Nigerians are poor compared to 42% of urban poor. Across the country, rural governance is non-existence. Nigeria’s patrimonial state has swallowed the local government. The hinterlands now feed the people at the government houses while the rural population starves. Unless there is a deep democratization at the local government level, together with an entrepreneurial leadership at the center revising and reforming local conditions to free the people from poverty and indignity so they can be productive, we cannot have sustained poverty-reducing growth. Deep local democracy, built around transparency and accountability on resource management, is a foundational pillar of an effective poverty fighting measure. This should be the heart of restructuring. The logic of governance should be to let local resources be optimized for production, not for extraction by ruling elites.

Letting the people breathe requires in the minimum a political economy that allows the poor to get the benefits of economic growth. The Nigerian constitution wisely argues in Chapter 2 for a welfare state with socioeconomic rights that will countervail the dialectics of neo patrimony and neo-feudalism. But the neo-feudal forces reversed everything by making the fundamental objectives of state policy judicially unenforceable. This incoherence is enough to guarantee that economic growth will not reduce poverty as the Nigerian state is under no enforceable obligation to provide for the wellbeing of the people. Unlike in India and South Africa, a jurisprudence lacking in creativity has further stifled the possibility of societal transformation for the benefit of the Nigerian poor.

It is illustrative that all the many Nigeria’s, sometimes, needless constitutional reviews have never tried to give teeth to the declaration that Nigeria is a welfare state by legislating minimum basic socioeconomic wellbeing for Nigerian people. Surely, in the context of institutional and historical determinism, it is only a truly welfare state that can allow the poor to breathe. But the logic of the Nigerian state and its instrumentation over the years do not need the poor to breathe.

TRUTH & REASON Wednesday, July 12, 2023Price: N250 Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: 35 Creek Road, Apapa, Lagos. Abuja: Plot 1, Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja . All Correspondence to POBox 54749, Ikoyi, Lagos. EMAIL: editor@thisdaylive.com, info@thisdaylive.com. TELEPHONE Lagos: 0802 2924721-2, 08022924485. Abuja: Tel: 08155555292, 08155555929 24/7 ADVERTISING HOT LINES: 0811 181 3085 0811 181 3086, 0811 181 3087, 0811 181 3088, 0811 181 3089, 0811 181 3090. ENQUIRIES & BOOKING: adsbooking@thisdaylive.com
President Bola Tinubu

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