MONDAY 2ND SEPTEMBER 2024

Zenith Bank Maintains Leading Position in Profitability as PBT Soars To N727 Billion in H1 2024 Result

Adelabu: FG Set to Release $800m for Power Infrastructure

Emmanuel Addeh in Abuja

Says Discos’ incessant rejection of load supply ‘regrettable’ 59% of industries exit national grid China assures Nigeria of support to revamp sector distribution lines under the PPI scheme also known as the Siemens project.

The federal government at the weekend said it was concluding plans to release $800 million under the Presidential Power Initiative (PPI) to significantly enhance the government’s efforts at revamping the country’s power supply nationwide.

Specifically, the Minister of Power, Chief Adebayo Adelabu stated that the funds will be utilised for the construction of electricity substations and

Adelabu, according to a statement from the ministry spoke during a facility tour of TBEA Southern Power Transmission and Distribution Industry in Beijing, China, while attending the China-Africa Cooperation Summit. The PPI deal with the German Government aims to modernise,

Emmanuel Addeh, Chuks Okocha in Abuja and Peter Uzoho in Lagos

Report: More Than One in Four Children Born to Nigerian Men Not Theirs

DNA negativity rate rises 0.88% y-o-y ‘Peace of mind’, emigration dominate reasons for testing

Emmanuel Addeh in Abuja

More than one in four children born to Nigerian men may not have been sired by them, a new report release by Smart DNA, a testing centre in Lagos, indicated at the weekend.

The 2024 report on DNA testing trends in Nigeria, covering July 2023 to June 2024, the centre said, seeks to shed light on societal dynamics, economic factors, and changing family structures in Nigeria.

But put side by a similar report by the testing centre last year, THISDAY checks showed that the number of children for which their supposed fathers were not actually responsible for, rose by less than 1 per cent, that is 0.88 per cent.

While the figure for the July 2022 to June 2023 period was 26.12 per cent for negative results (men who did not father their supposed

rehabilitate and expand the national grid by investing in the electricity value chain, including generation, transmission and distribution systems of the power sector.

“The money will ensure the construction of substations for Lot 2 as well as substations and distribution lines for Lot 3 at a cost of $400 million each. Lot 2 covers Benin, Port Harcourt as well as Enugu Distribution Companies’ (Discos) franchise areas, while Lot 3 covers Abuja, Kaduna, Jos and Kano Discos franchise areas,” the statement added.

Now long delayed, in July 2019, the federal government signed the power project deal with the German engineering firm, Siemens to deliver 7,000 megawatts of electricity to the national grid by 2021, and 11,000 megawatts by 2023 — in phases one and two of the initiative, respectively.

A year later, the federal government approved the payment of €15.21 million and N1.708 billion as counterpart funding for the project. In December 2021, the Federal Executive Council (FEC) also approved $1.9 million and €62.9 million for phase one of the project.

The planned $800m financing by the federal government in the three-phased project which is meant to expand Nigeria’s electricity to 25,000MW when completed, is believed to be another part payment of the counterpart funding by Nigeria.

Besides, Adelabu stated that more than 59 per cent of industries in Nigeria are off the national electricity grid because they do not see the grid as reliable and dependable source of power supply.

He lamented the rejection of load supply by Discos in the country, noting that for instance, just last Friday over

almost impossible to meet the soaring debt obligations.

Since the news was first reported by international news media in the first quarter of this year, the NNPC has consistently said the long fuel queues in the country was not caused by the debts.

In different instances since the news became public, the NNPC has blamed weather conditions, including thunder and lightning, flooding and bad roads for the long fuel lines across the country.

As recent as two weeks ago, the oil company also debunked the recurring reports in the media that it owes international oil traders

children), for July 2023 to June 2024, it rose slightly to 27.0 per cent.

According to the report, 27 per cent of paternity tests conducted came back negative, indicating that more than one in four men tested are not the biological fathers of the children in question, NAN reported.

It also showed immigration tests surge, indicating that the “Japa” trend was high, with a significant increase in DNA tests for emigration purposes, growing more than any other test type, as more Nigerians sought opportunities abroad.

The trend also suggested that a growing number of parents with dual citizenship were processing paperwork for their children’s emigration.

On regional dominance, the report showed that Lagos dominated, a reflection of economic disparity, with an overwhelming 73.1 per cent of all DNA tests

when generation peaked at 5,170 megawatts, it had to be ramped down by 1,400 megawatts due to the inability of the Discos to pick the supply.

“This is really regrettable considering that government is on course to increase generation to 6,000 megawatts by the end of the year,” Adelabu was quoted as saying.

At a separate interactive session with TBEA’s management, Adelabu assured of the federal government's commitment towards working with world class organisations like TBEA to achieve the vision of President Bola Tinubu for the power sector.

He stressed that this was especially in areas of transmission and distribution of the entire power sector value chain as well as Nigeria’s renewable energy segment.

Adelabu highlighted the fragility of the transmission and distribution infrastructure which he said have become old and dilapidated as partly responsible for the sector’s challenges.

“This has led to historical epileptic supply of power to households, industry and businesses. More than 59 per cent of industries in the Nigeria are off the grid. They do not see the national grid as reliable and dependable. So a lot of them now operate their own captive, self-generated power,” he stated.

Adelabu said the administration of Tinubu was determined to transform the power sector, adding that a lot of activities had started that are gradually bringing back confidence in the sector.

Acknowledging the different initiatives of the government, Adelabu went down memory lane, explaining that in 1984, about 40 years ago, Nigeria was able to

up to $6.8 billion. But it appeared to have softpedalled during the month when it explained that since the oil trading business is carried out on credit, it is normal for the NNPC to owe at one time or the other.

However, it stated that its subsidiaries were paying up their obligation on a first-in-first-out (FIFO) basis.

“That NNPC Ltd. does not owe the sum of $6.8 billion to any international trader(s). In the oil trading business, transactions are carried out on credit, so it is normal to owe at one point or the other.

“But NNPC Ltd., through its

conducted in Lagos, also showing a stark divide between Mainland (67.5 per cent) and Island (32.5 per cent).

This concentration highlighted the economic divide within Lagos and across Nigeria, raising questions about access to such services in other parts of the country.

It also showed that the Yoruba accounted for 53 per cent of tests, followed by Igbo (31.3 per cent) and Hausa 1.20 per cent.

The Operations Manager, Smart DNA, Elizabeth Digia, commenting on the report, said: “These findings offer a unique window into the changing dynamics of Nigerian families and society. The high rate of negative paternity tests and the surge in immigration-related testing are particularly noteworthy.

“They reflect broader societal trends that merit further discussion

generate 2,000 megawatts, but added that it it took the country over 35 years to add another 2,000 megawatts.

“When this administration came in last year, we met around 4 gigawatts (4,000 megawatts) of power but within a year, we were able to generate a milestone of 5,170 megawatts, adding about 1000 megawatts of power within the first year. It may look small, but compared to the history of the country, this is commendable.

“Our plan is that by the end of the year, we aim to achieve 6,000 megawatts of power through a combination of hydroelectric power plants and our gas-fired power plants. We are also targeting 30 gigawatts of power to be generated, transmitted and distributed by year 2030, out of which 30 per cent would be renewable energy”.

The minister said the renewable energy segment will come from a combination of hydroelectric power from small dams, solar energy sources and wind farms from onshore and offshore winds.

On the issue of the construction of the super-grid, the minister said the national grid in its present state cannot support the vision for the power sector.

“If we look at the strength, the capacity and the age of our existing network on the national grid, it cannot really support our vision for the power sector hence the need for the construction of the Western and Eastern super grid.

“Though we have been on this since my resumption, I can also tell you that the president is in full support of this because this will improve our transmission network, stabilise the grid and also expand the capacity and the flexibility of the national grid,” Adelabu pointed out.

He said 90 per cent of the

subsidiary, NNPC Trading, has many open trade credit lines from several traders. The company is paying its obligations of related invoices on a first-in-first-out (FIFO) basis,” it added.

Fuel queues which have become a common occurrence in Abuja and neighbouring states spread to Lagos and several other sub-nationals nationwide over three weeks ago. The situation is yet to abate.

Prices have also skyrocketed from the regulated prices by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), selling for as high as N1,200 in parts of the nation.

and research. The concentration of testing in Lagos also raises important questions about accessibility and awareness of DNA testing services across Nigeria.

“As a company, we’re committed to expanding access to our services nationwide while maintaining the highest standards of accuracy and confidentiality,’’ she said.

In all, the statistics showed that most of the children tested were aged 0-five (54.0 per cent), suggesting a preference for early paternity confirmation.

Men aged 41+ (45.6 per cent) and 31-40 (37.0 per cent) were most likely to request tests, potentially reflective of economic capabilities or increased paternity concerns in older men.

Also, it indicated slight gender bias in child testing as more tests were conducted on male children (52.8 per cent) than female children

approval required was already in place and would be concluded soon.

Speaking earlier, President of TBEA, Huang Hanjie assured of the organisation’s continued support for the Nigeria’s government vision for the power sector, disclosing that TBEA operates across 100 countries in the world and would be willing to share its experience in the provision of energy.

He said TBEA was not new in

(47.2 per cent), reflecting a possible cultural preference for confirming paternity of male offspring.

According to the report, peace of mind dominated reasons for the DNA testing as the majority of tests (85.9 per cent) were conducted for ‘Peace of Mind’, rather than legal motivations.

In its previous report ( July 2022-June 2023), the centre said that 73.88 per cent of men who did relationship testing to verify the paternity of children came out positive as their biological fathers.

DNA or Deoxyribonucleic acid is the material that carries genetic information for the development and functioning of an organism and DNA testing provides information about an individual's ancestral roots.

A DNA relationship test is the use of genetic profiles to determine whether an individual is the biological parent of another

Nigeria, adding that the company is presently working with the Omotosho power plant in Ondo State, owned by the Niger Delta Power Holding (NDPHC).

Hanjie also commended the minister for what the statement described as the improvement in the power sector as evidenced in improved generation and transmission since his assumption of office.

While also acknowledging

individual.

Also in the last report, the majority of tests (89.10 per cent) were conducted for 'Peace of Mind', followed by 'Immigration' (8.97 per cent), and 'Legal' (0.64 per cent).

"This suggests that individuals primarily seek DNA testing to confirm biological relationships for personal reasons rather than legal or immigration purposes," it said.

It showed that men were the predominant initiators of contact, making up 86.44 per cent of the first contacts, compared to 13.56 per cent made by women.

"This indicates that men are more likely to have doubts about paternity or other relationships and take the initiative to seek testing," it said in that report.

the short-term improvement to 6 gigawatts by December 2024 and 30 gigawatts by 2030, he said TBEA would be willing to work with the Nigerian government to achieve the vision and contribute to the ongoing efforts in the country.

On the proposed super-grid by the Nigerian government, he also indicated TBEA’s interest in participating by contributing its expertise to guarantee its success.

ZENITH BANK MAINTAINS LEADING POSITION IN PROFITABILITY AS PBT SOARS TO N727 BILLION IN H1 2024 RESULT

by 74% from N515.7 billion to N899.3 billion.

The Group continued to strive for operational efficiency, resulting in only a marginal increase in cost-to-income ratio Year on Year (YoY) from 38.5% to 39.4%. The heightened risk environment has fuelled a growth in impairment levels, thus mildly elevating the cost of risk from 8.8% to 9.7%.

Cost of funds grew Year on Year (YoY) from 2.6% to 4.4% given the high-interest rate environment. This also resulted in growth in interest expense from N153.6 billion in H1 2023 to N434.4 billion in H1 2024. Despite this, net interest margin grew by 49% from 5.9% in H1 2023 to 8.8% in H1 2024, underscoring the efficient repricing of interest earning assets and interest accruing liabilities.

Total assets grew by 35% from N20.4 trillion in December 2023 to N27.6 trillion in June 2024, while customer deposits grew by 29% from N15.2 trillion in December 2023 to N19.6 trillion in June 2024. Gross loans also grew by 44% from N7.1 trillion in December 2023 to N10.2 trillion in June 2024 aided by loans disbursements to customers and the translation effect of foreign currency denominated loans. The

But admitting to the debts yesterday, in a statement by its Chief Corporate Communications Officer, Olufemi Soneye, the NNPC stated that the debts were causing considerable financial pressure on it.

“NNPC Ltd has acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers. This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply.

“In line with the Petroleum Industry Act (PIA), NNPC Ltd

Group’s consistent stringent risk acceptance criteria helped ensure that the non-performing loan ratio continued to show only modest growth, increasing from 4.4% in December 2023 to 4.5% in June 2024 despite the challenging macroeconomic environment.

Capital adequacy ratio improved from 21.7% in December 2023 to 23% in June 2024, loan-to-deposit ratio grew by 11% from 46.5% to 51.7%, while liquidity ratio reduced from 71% to 59% in the current period. All prudential ratios are still well above regulatory thresholds.

In maximizing value to its highly esteemed shareholders, the Group has declared an interim dividend of N1.00 per share. This represents the highest half year dividend pay-out in its history, and also the highest interim dividend in the Nigerian banking sector till date.

The Group’s strong brand equity and excellent service quality position it to mine new business opportunities in strategic sectors of the economy, in existing geographies where it has a presence, and in new geographies it is exploring. In furtherance of its expansion plans, the Group has received regulatory approval for the establishment of a third-country branch in Paris, France, which, when fully operational, will enhance its product offerings in international markets.

The Group will continue to invest in enhancing its digital banking capabilities and is expediting the completion of its technology infrastructure upgrade. Its track-record of successful capital raises puts it on a solid footing to meet the new minimum capital requirements for commercial banks with international authorisation, well ahead of the deadline set by the CBN. The Group remains undoubtedly on track for a record year in its financial performance and will continue to deliver maximum value to its shareholders, while ensuring a strong corporate governance culture.

Zenith Bank’s track record of

excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria in the International Banker 2024 Banking Awards. Further recognitions include Best Bank in Nigeria for three consecutive years from 2020 to 2022 and in 2024 in the Global Finance World’s Best Banks Awards, and Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years from 2022 to 2024, and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom. The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, and Retail Bank of the Year for three consecutive years from 2020 to 2022 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Most Sustainable Bank, Nigeria, in the International Banker 2023 Banking Awards, Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards. Zenith Bank was named Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

Minister of Health, Muhammad Ali Pate

UN DEPUTY SECRETARY GENERAL VISITS SENATE PRESIDENT...

L-R:

NECA, NACCIMA, CPPE Express Concern over

Perceived FCCPC’s Role as Price Control Agency

Dike Onwuamaeze

Members of the Organised Private Sector (OPS) yesterday raised concern that the Federal Competition and Consumers Protection Commission (FCCPC) was becoming price control agency rather than furthering its core mandate of consumer protection.

This followed the FCCPC’s recent one-month notice to retailers to crash prices of goods or face sanctions.

The members of the OPS that expressed this concern were the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA) and the Centre for the Promotion of Private Enterprise (CPPE).

They pointed out that the blame and solution for the escalating prices of goods and services in the Nigerian markets were at the doorstep of the federal government.

In a public statement captioned:

“FCCPC Should Avoid a Price Control Mindset,” an Economist and Chief Executive Officer of CPPE, Dr. Muda Yusuf, pointed out that the disproportionate focus of the FCCPC on the retail segment of the economy and pricing issues underscored the assertion that the commission was transforming itself into a price control agency.

“There is an emerging risk of market suppression and private enterprise repression by the FCCPC if the current trajectory continues,” he stated.

He said that this would mark:

“An elevation of regulatory risk in the Nigerian economy, which is detrimental to investors’ confidence,” adding that the CPPE is concerned about the approach, methodology, targeting and the recent threats by the FCCPC to market leaders, traders and supermarket owners.

“The commission seems to be fighting the symptoms rather than dealing with the causes of the current inflationary pressure

in the economy.

“Even then, the core mandate of the commission is not to fight inflation. The fiscal and monetary authorities are statutorily responsible for macroeconomic policy issues and are better placed to deal with the challenge of high prices.

“Our view is that the proposal by the FCCPC to traverse markets across the country with objective of ensuring price regulation is unlikely to yield concrete outcomes. This is not a sustainable strategy.

“What we need to fix are the fundamentals driving production, operating and distribution costs that resulted in spiralling inflation in the first place. The dynamics of pricing and prices in an economy are much more complex and fundamental and do not seem aligned with the comprehension of the FCCPC on the issue.”

It, therefore, appealed to the FCCPC to refrain from acts that might be construed by the public as further intimidation of the

operators in the retail sector of the economy most of whom are micro and small businesses, with many in the informal sector.

Yusuf also drew the attention of the commission to areas where there are frequent consumers rights violations like the aviation, health, energy markets, electricity market, financial services, telecoms and cable TV sectors.

“These are areas that demand the attention of the commission even more than the markets,” he said.

In its reaction to the FCCPC’s directive that retailers should crash the price of goods in the market within one month, NECA urged the government to address key economic fundamentals in order to induce low commodity prices and service charges.

The Director General and Chief Executive Officer of NECA, Mr. Adewale-Smatt Oyerinde, attributed the continuous escalation in commodity prices and service charges in the economy to abrasive

Enugu Set to Construct 300-bed International Hospital to Attract Medical Tourists

Constitutes committee on implementation of state GIS law

The Enugu state government has announced that it is embarking on the construction of a 300-bed, ultramodern quaternary health facility to be known as the Enugu International Hospital.

In a statement yesterday, it stated that this was in line with the administration’s promise to reverse the flow of medical tourism and position the state as the preferred destination for business, investment, tourism, and residency.

Speaking at the end of the Enugu State Executive Council meeting presided over by Governor Peter Mbah at the weekend, Commissioner for Health, Prof. Emmanuel Obi, said that besides providing excellent and highly specialised medical services, the hospital, which would be sited in the heart of Enugu city, would equally serve as a citadel of medical research and training.

“This means that tomorrow is finally here in the health sector because primary healthcare is being addressed, secondary healthcare is being addressed, tertiary healthcare is also being addressed.

“Now we are going to add

quaternary healthcare to the scope, which simply means that an extension of tertiary care and advanced levels of medicine, which are highly specialised and not widely accessed, are now going to be available in Enugu in no distant time. So, medical tourism will reverse back to our environment.

“The Enugu International Hospital is going to come up at Rangers Avenue. So, it will be centrally located in Enugu, and will be easily accessible from the international airport.

“It is going to be the type of place that will give excellent medical services, including research and training. It will be that type of hospital that people will no longer have any reason to leave the shores of Nigeria to go to for healthcare,” Obi stated.

The commissioner also informed that the meeting discussed measures to checkmate the Mpox disease, previously known as Monkeypox, which he explained had become a major international concern, adding that exco directed a scale-up of awareness campaign on the disease.

“Mpox has now become a disease of public health importance of international concern and the government of Enugu State has had discussions on how to ensure that effective surveillance, control, and prevention of any upsurge of Mpox in the state will be put in place.

“The Ministry of Health is, therefore, working with the other health sector players, including the Akanu Ibiam International Airport’s Port Health Services, to ensure that Enugu citizens are aware, safe, and minimize their exposure to the Mpox,” the commissioner stressed.

In another development, the government also announced the constitution of a broad-based committee to ramp up the implementation of the Enugu State Geological Information System (GIS) Service Law 2024.

Briefing Government House correspondents, the AttorneyGeneral and Commissioner for Justice, Dr. Kingsley Udeh, said the intent was also to enhance the value of land holding in Enugu State.

Je said this this will enable those who own flats in the city or pieces

of land in the village to be able to obtain a Certificate of Occupancy (C of O) to make their property bankable because the entire state would be captured digitally.

“With the implementation of the Enugu State Geological Information System, the era of applying for Certificate of Occupancy and it will take months to handle will be a thing of the past.

“This is because everything about land administration in the state will be handled digitally and electronically. This is a high-end technology and we are not talking about what is far-fetched, but about what is already being implemented. So, exco simply made approval that will strengthen and expedite the implementation.

“So, very soon, it will be fully on stream and operational. This will not just transform land holding and administration, but even everything that relates to data concerning land. And all these are geared towards the governor’s vision to eradicate poverty and also connected to growing our Gross Domestic Product (GDP) from $4.4 billion to $30 billion,” Udeh stated.

macroeconomic fundamentals such as rising exchange rate, interest rate and high inflation rate.

Oyerinde averred that it would be practically impossible to have a stable price regime in the face of “constantly fluctuating exchange rate, galloping lending rate, high energy costs, multiplicity of taxes, levies, fees and an unfriendly regulatory environment.”

He, therefore, cautioned that the use of enforcement to moderate prices in the economy would be tantamount to enforcing price control, which might lead to hoarding of commodities and further distortion of the economy.

“Any price control measure would also contradict the market economy that the government is projecting and send wrong signals to prospective foreign and domestic investors,” he stated.

He also feared that the FCCPC might never be able to determine what the right commodity prices and service charges should be given the complex costs situation that businesses are facing.

Speaking in the same vein, the National President of NACCIMA, Mr. Dele Oye, said that the problem of exploitative pricing was a symptom of deeper, systemic challenges in the Nigerian economy that are caused by government policies and infrastructure deficits, which are not issues that could be solely attributed to the private sector's malicious intent.

Oye said: “The primary responsibility for addressing the issue of exploitative pricing lies with the government and its policies.

“The government's opaque and inconsistent policies, its prioritisation of revenue generation over trade facilitation, and its failure to adequately address the systemic challenges impacting the ease of doing business in Nigeria are the key drivers to price fluctuations.

“The root cause of this problem is not the private sector, but rather a government that has not been faithful enough in its duty to create an enabling environment for businesses to thrive.

Alake: Nasarawa Has Joined States Earning over N1bn Monthly from Solid Minerals Royalties

Igbawase Ukumba in Lafia

The Minister of Solid Minerals Development, Dr. Dele Alake, has disclosed that Nasarawa State has joined the league of states earning over N1 billion monthly in the federation account accruing from solid minerals royalties.

The minister disclosed this at the weekend when he led a delegation of the National Council of Mining and Solid Minerals Development for a courtesy call on Governor Abdullahi Sule in the Government House, Lafia.

The National Council of the Mining and Solid Minerals Development was in Nasarawa State to intimate Governor Sule on its forth coming 6th national council summit scheduled to hold in Lafia.

Represented by the DirectorGeneral of the Nigerian Mining Cadastre Office, Obadiah Nkom, Alake maintained that Governor Sule's contribution in the Renewed Hope Agenda in the minerals sector could not

be over emphasised. He said: "Nasarawa State is an investment heaven for solid minerals and other businesses to thrive, because of the business enabling climate of Governor Sule's administration's policies and programmes.

"One other results as evidenced in Nasarawa State is that the state is joining the league of states earning about N1 billion in the federation account accruing from solid minerals royalties".

In a remark, Governor Sule thanked the Minister of Solid Minerals Development for his willingness to work with the various states.

"Today you have brought in a new dimension to the partnership between the various states, communities where these minerals are sited and the ministry. This is what we have been looking for.

"Anytime there is this coloration, the partnership between the communities, the states and the ministry, then there will be peace and the way forward", Sule said.

Minister of Petroleum Resources, (Gas), Obongemem Ekperikpe Ekpo; Deputy Secretary General of the United Nations, Hajia Amina Mohammed; President of the Senate, Godswill Akpabio and Chairman, Senate Committee on Agriculture, Saliu Mustapha, when the UN scribe visited the Akpabio, on Saturday in Abuja.

70TH PLATINUM ANNIVERSARY AND SPECIAL AWARD CEREMONY...

Tinubu to Sign MoUs with Chinese

President, Xi Jinpin, Today,

Indonesia Too

To explore collaborative fashion show Makes lead presentation at FOCAC summit Wednesday

Deji Elumoye in Beijing, China, Michael Olugbode, and Sunday Aborisade in Abuja

President Bola Tinubu, yesterday, arrived in Beijing, the People’s Republic of China, for an official state visit, and is billed to meet with his Chinese counterpart, President Xi Jinping, today, to sign several Memoranda of Understanding (MOUs), aimed at deepening cooperation between the two nations.

Also, the best of both Nigerian and Chinese fashions were exhibited at a fashion show co-organised by the

Chinese Embassy, the China Cultural Center, and the China Chamber of Commerce in Nigeria as both countries continued to cement their ties.

At the same time, Nigeria has resolved to strengthen its ties with Indonesia, forged over the years by participating at the Second IndonesiaAfrica Forum, holding in Bali, which started yesterday. Tinubu arrived in Beijing, after a brief lay over in the United Arab Emirates.

The President’s aircraft, Nigerian Airforce 001 touched down at Beijing Capital International Airport at about

Oborevwori Urges Sustained Unity as Arenyeka

Emerges

Delta PDP Chairman at Asaba Congress

Ibori shuns event as Okowa, Onyeme, Manager, Nwoko, Guwor lead voters

Omon-Julius Onabu in Asaba

Governor Sheriff Oborevwori has harped on the need to sustain the impressive peaceful conduct of the Delta State Chapter of the Peoples Democratic Party (PDP), which he attributed to existence of unity, as the party elected a new state executive committee on Saturday.

Solomon Arenyeka emerged as the new Delta PDP Chairman, taking over from Kingsley Esiso.

Congratulating the new officers on their election during the exercise held at the Cenotaph Asaba, the governor commended the peaceful conduct of the exercise that drew a large number of state delegates, adding that the importance of working together for the party’s continued growth vis-a-vis the overall development of the state could not be over-stressed.

Oborevwori told newsmen: "You can see that the congress is peaceful. We also thank God for the good weather today.

"More importantly, you can see that we (PDP members) are united in Delta State. That's why you see that there is no crisis."

However, the governor advised the incoming PDP State Executive Committee to prioritize sustained unity in the party and work towards its continued strength, especially as the party looks ahead to the 2027 general election.

He cautioned politicians not to

focus attention on 2027 as that was still early in the day to do, stressing that his administration's priority was on "delivering good governance to the people of Delta State".

The 3,152 delegates at the PDP State Congress include Governor Oborevwori, his Deputy, Sir Monday Onyeme, immediate past Governor, Dr. Ifeanyi Okowa, pioneer state party chairman, Senator James Manager, Senator Ned Nwoko, Speaker of Delta State House of Assembly, Hon Emomotimi Guwor as well as present and past members of the national and state legislators.

However, the strained relationship between the party and former governor, Chief James Ibori, came to the fore again as he was conspicuously absent, as the hitherto eminent leader of the PDP in Delta State.

A team of PDP officials from Abuja, led by Prof Frank Collins Okafor, conducted the exercise, also under the watchful eye of the Independent National Electoral Commission (INEC) officials as well as being monitored by independent observers.

Elected with Solomon Arenyeka, the State Chairman, are: Mr. Moses Iduh as Deputy Chairman, Mr. Daniel Ossai as Vice-Chairman, Delta North Senatorial District; Mr. Anthony Akpomiemie as Vice-Chairman, Delta Central Senatorial District; Chief Emmanuel Amgbaduba as Vice-Chairman, Delta South Senatorial District.

9:25am (local time) and was received by the Assistant Minister of Foreign Affairs, Zhao Zhiyuan.

Tinubu, who made a brief stop in the United Arab Emirates before arriving in China, was accompanied by top government officials, including the Ministers of Finance, Trade, Works, Defence, and Petroleum (Gas).

The delegation also included governors from Kaduna, Lagos, and Kwara States.

The president's visit to China is aimed at fostering economic ties and securing investments for Nigeria.

The agreements between the two leaders would focus on key areas, including green economy, agriculture, satellite technology development, media enterprise development and promotion, blue economic development, and national planning cooperation.

The meeting would also provide a platform for the two heads of state to discuss matters of mutual interest, spanning economic cooperation, national, regional, and international security, and other pressing global issues.

Tinubu has been scheduled to pay site visits to prominent Chinese

corporations, including Huawei Technologies and the China Rail and Construction Corporation (CRCC), to fast-track the completion of the Ibadan to Abuja segment of the Lagos to Kano high-speed rail line.

He would also engage in strategic meetings with 10 chief executives of major Chinese corporations, boasting assets under management totaling over $3 trillion USD, across various sectors, including ICT, oil and gas, aluminium production, seaport construction, financial services, and satellite technology development.

The visit is expected to yield immediate and long-term benefits for the Nigerian economy and people, underscoring the president's commitment to economic growth and development.

The Nigerian president would equally feature at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) holding in Beijing from Wednesday, September 4 to Friday, September 6.

The conference with the theme "Joining Hands to Advance Modernisation and Build a HighLevel China-Africa Community with a Shared Future", would be a

significant event, with leaders from China and Africa gathering to discuss modernisation and building a highlevel China-Africa community with a shared future.

Tinubu, as Chairman of the ECOWAS Authority of Heads of State and Government, would join other African leaders at the Forum on ChinaAfrica Cooperation (FOCAC) Summit and would deliver key remarks on behalf of the region, addressing critical matters of mutual interest between China and Africa.

Again, the president would participate in the high-level peace and security plenary, where he would share Nigeria's perspective on regional and continental security challenges.

To Explore Collaborative Fashion Show

Meanwhile, featured at the 2024 China-Nigeria Fashion Show held in Abuja were three chapters: Flower Rain along the Silk Road, Harmony Across Sea and Sky, and Walking Together on the Great Road.

The fashion show vividly displayed the attire of China and Nigeria, embodying a spirit of win-win

cooperation. The event which was held at the weekend was hailed as a success by attendees as it offered a unique opportunity to witness the deepening relationship between China and Nigeria through the universal language of fashion.

The show was more than just a showcase of clothing, it was also a celebration of the rich cultural heritage shared by both countries. Traditional and contemporary designs from both China and Nigeria were fused together on the runway, highlighting the creativity and craftsmanship of designers from both nations.

The audience, which included diplomats, fashion enthusiasts, and members of the general public, warmly received the diverse and colorful outfits, signaling a growing appreciation for each other's cultural expressions.

Speaking with journalists on the sidelines of the event, the cultural counselor of the Chinese Embassy and Director of China Cultural Centre in Nigeria, Mr. Li Xuda, said China and Nigeria were two great nations with rich histories and cultures that could benefit from each other.

Eyes listing on Nigerian, London, New York exchanges

Nigerian oil and gas firm, Belemaoil Producing Limited, has announced the appointment of a former Group General Manager in charge of Finances at the Nigerian National Petroleum Company, Mr. Ahmadu Sambo, as its new managing director/chief executive officer.

Belemaoil, owned by Nigerian billionaire oil mogul and philanthropist, Tein Jack-Rich, also appointed Mr. Emmanuel Onos as its chief finance officer (CFO), saying the new officials would be responsible for driving its transformation, realising its shared vision and deriving significant benefits for its joint venture operations and shareholders.

The company also revealed its ambition of becoming the first truly indigenous oil and gas exploration and production firm from a Niger

Delta oil producing community to be listed on the Nigerian Stock Exchange, New York Exchange and the London Exchange with overwhelming stock growth.

The company’s board of directors announced this in a statement, saying it approved the new appointments “having carefully reviewed their rich credentials and found them deserving of the positions.”

According to the statement, the two appointments are effective from September 1, 2024.

Sambo, a former GGM of Finances at NNPC, is joining Belemaoil with over 35 years experience in the oil and gas industry spanning public and private sectors in Nigeria and the United States of America.

He also served as Managing Director of three subsidiaries of NNPC, which include NNPC Pension Fund, NIDAS Marine and

NNPC Oilfield Services in addition to the position of General Manager in charge of NAPIMS Finance and Accounts as well as Group General Manager Accounts for NNPC Group.

The statement read: “The board is confident that under the leadership of the new MD/CEO, Belemaoil will derive significant benefits for its joint venture operations and shareholders.

“The new Chief Finance Officer (CFO), Emmanuel Onos, also comes on board with over 35 years of experience in the financial space of the oil and gas industry at the managerial level in both local and international scenes.

“The board believes strongly that the combination of Ahmadu Sambo as MD/CEO and Emmanuel Onos as CFO of Belemaoil, supported by the existing management team, will revitalise the company’s Joint Venture

(JV) operations, unlock multi-billiondollar value and reposition it for a greater height that will be more beneficial to all shareholders.” It said that the board considered the team as the perfect blend of skills and expertise needed to reset Belemaoil as a world-class exploration and production company and to ensure that the company becomes the best public enterprise for Nigeria and international equity investors. According to the statement, sequel to the new appointments, the President/Founder of Belemaoil, Jack-Rich, will now focus on his vision for strategic multi-dimensional business development. It stated that this will include lens in the Fintech space for strategic partnership with communities to foster financial inclusion, promote social good, peace and shared prosperity for national gain.

Peter Uzoho

L-R: Senior Special Adviser to Governor of Lagos State on Religious Matters and Representative of Lagos State Deputy Governor, Mr. Jebe Abdullahi; APC National Secretary, Sen. Ssurajudeen Ajibola Bashir; former APC Legal Adviser, Dr. Muiz Banire (SAN);Member, Board of Trustees, Muslim Students' Society of Nigeria ( MSSN), Mr. Musbau Oyefeso; and President, MSSN Lagos Area Unit, Nurudeen Adekola, at the Muslim Students' Society of Nigeria Lagos State Area Unit 70th Platinum anniversary and special award ceremonyheld in Lagos, weekend ETOP UKUTT

FLAG-OFF OF ECO CIRCULATE SENSITIZATION...

L-R: Director, Lagos Bureau of Statistics, Mr. Temitayo Oseni-Ope ; representative of Akran of Badagry, Chief Adeoye Sottin; Special Adviser, Climate Change and Circular Economy, Mrs. Titi Oshodi; Commissioner for Local Government, Chieftaincy Affairs and Rural development, Hon. Kayode Roberts and Commissioner for Youth and Social Development, Mr. Mobolaji Ogunlende, during the flag-off of the Eco Circulate sensitization, organized by the Office of the Special Adviser, Climate Change and Circular Economy in Badagry, Lagos weekend

NAFDAC: Only 34% of Babies Born in Nigeria Enjoy Exclusive Breast Feeding

Onyebuchi Ezigbo in Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC), has said that approximately 34 percent of 0-6 months babies in Nigeria are exclusively breastfed.

It said that the figure shows an improvement in national exclusive breastfeeding figures from the previous 17 per cent but noted that it still falls far short of the WHO target of increasing exclusive breastfeeding rate to at least 50 per cent by the year 2025.

The World Health Organization (WHO) recommends early initiation of breastfeeding within one hour of a baby’s birth, exclusive breastfeeding for the first six months of life, followed by introduction of safe, appropriate, adequate,

complementary foods as from six months while breastfeeding continues up to two years of age or beyond.

A statement signed by NAFDAC's Resident Media Consultant Sayo Akintola, said the Director General of NAFDAC, Prof. Mojisola Adeyeye, told mothers that practicing exclusive breast feeding will enhance the intelligence quotient of their babies.

Speaking during the 2024 World Breastfeeding celebration themed ‘Closing the Gap: Breastfeeding Support for All’’, Adeyeye said that breastfed babies have stronger immunity, and a reduced risk of suffering many childhood illnesses and infections.

Adeyeye who was represented by the Director, Food Safety and Applied Nutrition (FSAN), Mrs.

Eva Edwards, added that it is also associated with longer-term health benefits including higher Intelligence Quotient (IQ) for infants that were exclusively breastfed by their mothers.

Quoting data from the Nigeria Demographic and Health Survey of 2018, Adeyeye said that 97 per cent of children are breastfed in Nigeria at one point or the other, stressing that only 42 per cent of them are breastfed within one hour of birth.

She further disclosed that the proportion of children 0-6 months who are exclusively breastfed is 29 per cent, adding that the 2021 Multiple Indicator Cluster Survey put this figure for exclusive breastfeeding at approximately 34 per cent.

She expressed delight that both

figures show an improvement in national exclusive breastfeeding figures from the previous 17 per cent but noted that it still falls far short of the WHO target of increasing exclusive breastfeeding rate to at least 50 per cent by the year 2025.

According to her, “This therefore calls for action from all of us in our respective capacities as breastfeeding actors to accelerate progress and scale optimal breastfeeding practices in order to achieve the global target to save the lives of our children and mothers.’’

She added that in order to successfully breastfeed babies, mothers need support such as food supplementation, from the health system, family members, community members, and from the work place.

Internet Fraud: Interswitch Sensitises Agents on Compliance to FG Directive on Business Registration

Blessing Ibunge in Port Harcourt

Interswitch, a broadband network and robust payments platform has sensitised its agents across the country on the need to adhere to the federal government regulatory policy on compliance to the Corporate Affairs Commission (CAC) documentation.

Interswitch is largely seen as a leading player with critical mass in Africa’s rapidly developing financial ecosystem and is active across the payments value chain, providing a full suite of omni-channel payment solutions.

Speaking at a one-day sensitisation programme for its agents in Port Harcourt and other locations in Rivers State, the Interswitch regional manager for South Region, Emmanuel Nwokocha, said the aim of the programme was to ensure that people operating on their space are within the law.

Nwokocha who noted the level of fraudulent activities ongoing in the financial sector, especially as it affects electronics financial transactions, said compliance to the regulatory policy by registering with the CAC will improve the integrity of the agents and their organisation, also improve on service delivery. He assured the agents that for registering their businesses with the CAC, they will have benefit of 50 percent discount in each registration.

He said: "This is Interswitch Financial Inclusion Services event, which compliance beyond the road to financial inclusion empowerment. So, what we want to do here today is to have interaction with our agents and sensitise them about the regulatory policy on every agent complying with CAC documentation. Becoming a registered organization with CAC before your able to carry out agency business.

"We selected some agents in Port Harcourt and other locations together, where we have given them some subsidy. We gave them 50 percent off the registration of CAC. So, all of them that will be here today, will be registered at 50 percent slash the cost of registration.

"After that we will also have some regulator sensitisation and awareness. We are also empowering our agents, trying to ensure that people comply with the regulatory authorities. We want to make sure that people operating on our space are not out of the law and that is why we are going extra miles to sensitise our agents.

"Recently, there is increase in fraud. Fraudulent activities among the agents which is impacting negatively both on the operators and agents. So we want to check the authenticity of the agents to improve the integrity of that sector".

He further noted the benefits of the sensitisation to include; enhance market integrity, protect against financial loss, increase customers confidence, participation in government grants and incentives, and promotes digitisation and financial inclusion with localties.

"We want to improve that confidence users have to do transaction. You have confidence that this person is known by the government, so it will improve customers confidence in that space. We are able to monitor the operation of the agents. That way we will reduce the fraud and increase confidence".

Speaking on Quickteller paypoint, a product of Interswitch that helps to carry out the financial inclusion services, he said "It is an application we have built which we used to empower agents who are positioned in different locations both in the rural and urban areas.”

Adeyeye pointed out that the support is critical to the success of breastfeeding because knowledgesharing, encouragement, support with household chores and creating an enabling environment make the act of breastfeeding easier for our mothers.

“It’s essential that no one is left behind especially vulnerable mothers who may need additional assistance to reduce breastfeeding inequities,” she said.

She urged nursing mothers to champion optimal breastfeeding of their children with a view to improving the health status of their newborns and lowering their risk of breast and ovarian cancers.

The DG noted that it is the collective responsibility of all to ensure that every mother receives the support she needs to make breastfeeding a successful and fulfilling experience.

She lamented that many women do not receive the support they need to optimally breastfeed their babies, including access to trained personnel, providing empathetic and respectful health advice, and counseling throughout the woman’s breastfeeding journey.

The NAFDAC boss stated that women in all settings need and deserve support to optimally breastfeed their babies. She said when mothers receive the support they need to breastfeed their babies, everyone benefits, everyone wins.

Adeyeye used the platform of the commemoration of the World Breastfeeding Week to also inaugurate the Lagos State Breast Milk Substitute (BMS) Multisectoral Technical Committee and Advocacy Team as a collaborative strategy for the breast milk substitutes Code compliance and monitoring.

FG Sets up Inquiry into Alleged Poor Feeding of Calabar Prison Inmates

Michael Olugbode in Abuja

The Minister of Interior, Hon. Olubunmi Tunji-Ojo has ordered an immediate inquiry into the feeding conditions of inmates of Afokang Custodial Centre in Calabar.

A video report on Facebook had alleged that inmates of the custodial centre were being subjected to inhumane treatment, including being served poorly cooked beans as breakfast.

A statement on Sunday by the minister’s media aide, Babatunde Alao, said his boss took a grave exception to the disturbing video report and therefore would want to get to the root of the incident.

Alao said: “The Minister views this incident as a serious breach of the standards of care and dignity

Lagos Mandates Integrity Test for Buildings

Bennett Oghifo Lagos State will thenceforth compel all long-standing buildings from 10 years upwards to conduct integrity tests to their buildings, after which they will be presented certificates of fitness and habitation, once certified okay.

The General Manager, LABSCA; Arch. Gbolahan Oki, stated this in a statement issued yesterday by the Head of Public Affairs Unit, Lagos

State Materials Testing Laboratory Agency (LSMTL), Salehu - Badejo Abimbola. Also, no building in Lagos will be constructed without the developer going through professional vetting by the Nigerian Institute of Structural Engineers (NISTRUCTE). This is a professional solution to protecting lives and properties in the state, through insightful collaborations in averting buildings’ disasters often induced by deliberate

unprofessional habits of erecting structures.

Henceforth, no building can be demolished without the authorisation of a NISTRUCTE certified Engineer. To make it work seamlessly, the government formed a synergy between the Lagos State Materials Testing Laboratory Agency (LSMTL) and the Lagos State Building Control Agency (LASBCA) to enhance erecting of structures with integrity across the metropolis.

The General Manager, LSMTL, Engr. Olayinka Abdul, stated that only core professionals in specific engineering fields, should proffer recommendations to structures, as failure to adhere to such would seem like using wrong medications for the wrong ailments. She said: “Qualifications do not validate competency in specific engineering fields, but only specialists should be employed on specific projects.

10

to which inmates are entitled. “He has directed a comprehensive and urgent investigation into this matter, and those responsible will be held accountable.”

Alao also said the minister has warned that any lapses in the quality of food, sanitation, and welfare of inmates would not be tolerated, adding that the service must ensure inmates are treated with the dignity and respect they deserved.

He said: “The Minister of Interior will not condone any form of mistreatment or neglect of individuals in custody”, adding that the findings of the investigation would be made public, and necessary disciplinary actions would be taken.”

Years, Over

"For example, a Civil Engineer does not certify being a Structural Engineer to proffer solutions to dilapidating structures for demolition, it is only a Structural Engineer who was trained in that specialty.

“A lot of General Practitioners in Civil Engineering and other Engineering fields believe they have the capability to consult on structural defects, but, this is very unprofessional and wrong.”

Olayinka said: “Materials test

results are coded, hence, only professionals can decode them.

"These forms of decoding can only be effective with the support of Structural Engineers who are versed in the field of proffering solutions in order to salvage a defective building. If a Civil Engineer handles up to 4 floors of construction, a Structural Engineer will effectively handle 6/7 floors without issues because they have the additional knowledge to do that.”

ELUMELU VISITS PRESIDENT OF SENEGAL, BASSIROU FAYE...

Group Chairman, United Bank for Africa(UBA) and Founder, Tony Elumelu

the Presidential Palace in Dakar on Friday.

Tony

Report: 1,056 Nigerians Killed, N10.9bn Ransom

Demanded by Suspected Kidnappers

Zamfara, Kaduna, Katsina lead in number of abduction cases

Emmanuel Addeh in Abuja

At least 1,056 Nigerians were killed in kidnap-related cases while their abductors demanded N10.9 billion between July 2023 and June 2024, a new report by SB Morgen (SBM)

Intelligence has revealed.

Whether by the Boko Haram In Northeast, armed gangs in the Northcentral and Northwest, secessionist violence in the Southeast, and gang-related issues in the Southwest, the report stated that

NDLEA Intercepts About N18bn Worth of Drugs at Lagos, Port Harcourt Ports

Michael Olugbode in Abuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a total of 31, 124, 600 pills of tramadol 225mg and bottles of codeine-based syrup worth about N18 billion at both Port Harcourt and Apapa seaports.

According to a statement on Sunday by the spokesman of the agency, Femi Babafemi, the seizures at both port complexes – Onne Port, Rivers State and Tincan Port in Apapa, Lagos - were made following intelligence processed by the agency on the movement of the shipments from their port of origin in India, leading to a demand for a 100 percent joint examination of the watch-listed containers with the Nigerian Customs Service and other sister security agencies.

He noted that a breakdown of the seizures show that 350,000 bottles of codeine-based syrup were recovered from two containers at Tincan Port in Lagos last Thursday and Friday with each of the two containers having 175,000 bottles of the opioid.

He said at the Port Harcourt Port Complex, Onne, NDLEA operatives equally intercepted a total of 447 cartons of tramadol 225mg containing 29, 840,000 pills of the opioid as well as 380,000 bottles of codeine syrup from three containers last Thursday, adding that the tramadol shipments came under different brand names such as Royal Tapetadol, Carisoprodol 225mg and Royal Tramadol Hydrochloride 225mg. Babafemi said that the following day, Friday, another set of three containers watch-listed by NDLEA were subjected to joint examination, and at the end of the exercise, a total of 3,030 cartons of codeine syrup

containing 554,600 bottles of the opioid were recovered from them.

These seizures, according to Babafemi, brings the total bottles of codeine seized at Onne, Rivers and Tincan in Lagos to 1,284,600 bottles worth N8,992,200,000.00 in street value while the combined seizure of tramadol stood at 29,840,000 pills valued at N8,940,000,000.00.

The spokesman said NDLEA operatives at the Port Harcourt International Airport, Rivers State last Tuesday arrested a suspect, Eze Emekan, while attempting to board a Cronos Airline flight to Malabo, Equatorial Guinea with 1,490 pills of tramadol concealed and packaged as cosmetics of different brands inside his luggage.

His attempt to compromise the officers to evade arrest was rebuffed.

He said a wanted ex-beauty queen, Ms. Aderinoye Queen Christmas, also known as Ms. Queen Oluwadamilola Aderinoye has surrendered to the Lagos Command of the agency after about eight months in hiding.

He recalled that the former beauty queen was declared wanted by the agency in January after she escaped from her Lekki, Lagos residence when NDLEA operatives raided her apartment at Oral Estate, Lekki, following credible intelligence she deals in illicit substances.

Babafemi said the suspect was Miss Commonwealth Nigeria Culture 2015/2016 and founder of Queen Christmas Foundation, and recovered from her home during the search witnessed by the estate officials include 606 grammes of Canadian Loud, a synthetic strain of cannabis, an electronic weighing scale, large quantities of drugs packing plastics, a black RAV 4 SUV marked Lagos KSF 872 GQ, and her picture frame among others.

with the diverse security threats, widespread kidnap for ransom emerged a common thread.

Between July 2023 and June 2024, the SBM research found that no fewer than 7,568 people were abducted in 1,130 incidents across the country.

“In that same period, kidnappers demanded at least the sum of N10,995,090,000 (approximately $6,871,931) as ransom but received N1,048,110,000, a mere 9.5 per cent of the money demanded, indicating that kidnappers have become less targeted in their victimology,” the report said.

Of the 1,130 reported kidnapping cases, Zamfara, Kaduna, and Katsina had the highest numbers of incidents and victims.

While Zamfara recorded 132 incidents with 1,639 victims, Kaduna had 113 incidents with 1,113 victims, and Katsina reported 119 incidents with 887 victims. The three states, according to SBM, also had the highest number of civilian deaths.

“In the year under review, kidnapping has become more lethal, with 1,056 people killed in 1,130 reported kidnap incidents. On average, someone is killed each time there is an attempted kidnap,” it stated.

Titled: “From Reaping: Economics of Nigeria’s Kidnapping Industry”, the report stated that the seat of power, the Federal Capital Territory (FCT) had the highest ransom demands, followed closely by Lagos and Kaduna.

When comparing geopolitical zones, the Southeast, it said, had the highest ransom paid and collection rate overall.

“This year, as in previous years, kidnappers have continued to demand in-kind payments from victims' families, ranging from food, drinks and cigarettes in the South to motorcycles in the North,” SBM said.

It highlighted that something that may cause problems in future is that kidnappers are increasingly breaking trust, explaining that more than four ransom bearers had been killed, and three others abducted this year.

“If this trend persists, it may get more challenging to find people eager or willing to deliver ransoms on behalf of victims,” the report added.

A notable feature of this year's kidnapping incidents, it said, is the prevalence of mass abductions kidnap events in which at least five people are abducted, particularly in the North.

From January to June, it recorded that there had been 135 mass abduction incidents involving at least five victims per incident, with 3,277 people kidnapped and 125 killed. SBM's analysis revealed that women are more frequently kidnapped than men.

Comparing kidnapping incident trends from 2022 to 2024, it said the South had seen only a slight increase in absolute numbers. However, it noted that the North has experienced a dramatic rise in incidents this year,

in One Year

surpassing the combined totals of the previous two years, signalling a rapidly worsening and out-of-control situation.

“As the country's economic challenges deepen and more individuals fall below the poverty line, more people have taken to kidnapping for ransom for survival. To prevent this crime from becoming an entrenched norm, there is an urgent need for a comprehensive and coordinated effort to disrupt the financial flows that sustain these criminal activities,” the report said.

As the state's influence wanes, armed groups and non-state actors, according to the report, have stepped in to fill the power vacuum, establishing control in different regions. It said that these groups have exacerbated the country's food crisis and inflation.

Nigeria's insecurity, the report said, has deteriorated, likely because as more people have become poorer from a stagnant economy, they have become desperate and have resorted to kidnapping for ransom for survival.

As such, the pool for high net worth individuals has shrunk, making everyone, including the bourgeoisie, students, infants, among others, a target, it argued.

Some organisations, particularly government bodies, it said often choose not to disclose whether a ransom was paid or the amount involved, as a matter of principle.

This disparity in the number of

abductees compared to states with the lowest kidnapping figures, such as Gombe, Jigawa and Bayelsa, it said, is due to the prevalence of mass abductions in the worst-affected North-western states like Zamfara, Kaduna and Katsina.

“In these areas, bandit groups frequently exploit the inadequate security presence to impose collective punishment on rural communities, often kidnapping entire villages or groups of commuters.

“ These groups sometimes use abducted individuals as forced labour while waiting for state governments to negotiate, whether for reduced military pressure or as retribution against communities suspected of cooperating with security forces,” part of the document said.

In the national figures, SBM said that more civilians have died during kidnap attempts than both kidnappers and security agents combined.

“The public's involvement in meeting these ransom demands presents a significant danger. As kidnappers realise that their demands are being met not just by families but by entire communities or public contributions, they are likely to become even more resolute and unyielding.

“This shift in the burden of ransom payments from families and governments to the public could lead to a dangerous escalation in the frequency and severity of kidnappings,” the report added.

Out-of-school Children Reduction: LASUBEB, Women Affairs Ministry Empower 200 Parents

Funmi

Ogundare

The Lagos State Universal Basic Education Board (LASUBEB), in partnership with the Ministry of Women Affairs and Poverty Alleviation, have trained 200 parents and guardians of out-ofschool children who are enrolled into public primary schools in the state under its 'project zero' initiative.

The ‘project zero’ initiative targets mitigation of the escalating number of out-of-school children in the state

The related training covered a variety of skills, including hair and wig making, event decoration and

management, fabric embellishment, and snacks and beverage production. Additional skills taught included soap and pomade making, throw pillow and duvet creation, ankara crafts, leatherwork, makeup and gele tying as well as tie-dye techniques.

Speaking at the second phase of the skills acquisition training held weekend, the Executive Chairman of the board, Dr. Hakeem Shittu, explained that the programme aims to empower families, enhance their livelihoods, and promote regular school attendance.

He highlighted the board’s commitment to creating a supportive

environment that emphasises the importance of education.

"The administration of Governor Babajide Sanwo-Olu is steadfast in its mission to reduce the number of school-aged children not attending school," he stated, adding that a total of 450 parents had benefited from the programme.

Shittu remarked that the initiative aside improving enrolment and retention rates, it will also fortify community bonds through active engagement in the educational process.

“LASUBEB's proactive measures to address the out-of-school crisis

reflect a commitment to leaving no child behind in the access to free quality basic education," he said.

In her remarks, the Lagos State Commissioner for Women Affairs and Poverty Alleviation, Mrs. Bolaji Dada, appreciated the governor for the opportunity to host the second edition of the programme and appealed to participant who have been empowered, to actively use their skills rather than remaining idle.

On their part, the participants thanked the state government for helping them move out of poverty.

Foundation, Mr.

Elumelu (L) and President of Senegal, Bassirou Diomaye Faye, during the visit of Mr Elumelu to the President at

CONFERENCE AIMED AT FOSTERING DIALOGUE AND COLLABORATION ON FUTURE OF AFRICAN INTERNATIONAL TRADE... L-R; Deputy Chief Executive Officer/COO, Ghana International Bank (GHIB), Mr. Raymond Sambou; Rt. Hon. Lord Paul Boateng; an official of the Central Bank of The Gambia, Mr. Momodu Njie; First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afariand; and Chief Executive, GHIB, Mr. Dean Adansi, during the ‘CNVERGE’ conference aimed at fostering dialogue and collaboration on the future of African International Trade Banking, hosted by the Ghana International Bank (GHIB), and held in London, United Kingdom…recently

Why FG Ordered Service Chiefs to Relocate to Sokoto to Combat Protracted Insecurity

Air force’s special force kills terrorists’ kingpin, five others

The recent alleged massacre of some 150 people and the capturing and subsequent setting ablaze of the Mine-Resistant, Ambush-Protected (MRAP) Vehicles, otherwise known as wheeled armoured vehicles by terrorists could be part of the reasons the federal government ordered the service chiefs to relocate to Sokoto State to coordinate the ongoing counterterrorism and anti-banditry operation in the North West.

The social media were flooded yesterday with viral video footage of the massacre of over 150 villagers in a yet to be identified location.

But some social media users had insinuated that the location of the massacre was Sokoto State, hence the federal government’s directive. Also, a footage of bandits capturing and setting ablaze wheeled armoured vehicles belonging to Armed Forced of Nigeria trended with equal velocity.

The location where the high grade military armaments were captured

and set ablaze were also alleged to be Zamfara State, the home state of the Minister of State for Defence Dr Bello Matawalle. Nevertheless, the federal government’s directives had recorded jubilations among residents of the state.

Matawalle, had in a statement on Saturday, conveyed the federal government's directive to the service chiefs. He was also part of the high powered military delegation to Sokoto State.

The statement captioned, "Matawalle, CDS and Other Service Chiefs to Storm Sokoto to Flush Out Bandits in North West," expressed sadness over the activities of terrorists and bandits terrorizing Sokoto, Zamfara, Katsina and Kebbi States and its environs.

Matawalle noted that this strategic move underscored the unwavering commitment of government to restore peace and security in the region.

He noted that while in the North West, they would supervise operations and ensure that Bello Turji and his gang were flushed out.

But while refuting the viral video

footage of capturing and burning of the military high caliber armaments, the defence minister, averred that the bandits had been circulating videos of a Nigerian military armoured vehicle that was stuck in a water logged area.

He said later at the night, the officers were asked to withdraw to avoid being ambushed by bandits, adding that the bandits went to the water logged area, made a video of the armoured vehicle that was stuck and celebrated it.

Disclosing the exact location, Bello said the incident happened in Kwashabawa, Zurmi Local Government Area of Zamfara State, stressing that the situation was unacceptable as President Bola Tinubu had been giving great support to the armed forces.

"The federal government is deeply concerned about the persistent threat posed by banditry and terrorism in the North West particularly. We are ready to deploy all necessary assets to ensure that these criminal elements are flushed out and peace is restored to our communities," he said.

Noting that the military must

move against these terrorists to enable citizens move freely, Matawalle said, "The time is up for these bandits and terrorists as increased and consistent operations will weaken all their activities.”

However, responding to the alleged abduction of no fewer than 150 villagers after killing and withholding the remains of the Emir of Gobir, and raid of the forests by villagers to rescue the abducted villagers during a press conference in Abuja, the Director Defence Media Operation, Maj Gen Edward Buba, said that the military could not confirm the said information.

But when asked to give update on the trending video footage, Buba failed to respond messages sent to his mobile number, as at press time.

Meanwhile, an online news portal that ran a fact check on the viral video footage of the alleged mass killing in Sokoto State said the video was traced to Sudan, thereby dismantling the veracity or otherwise of the video footage.

According to the online medium,

PSC to Discipline Deviant Police Officers, Promotes 31 ACPs, Others to Next Ranks

The Police Service Commission (PSC), yesterday, revealed its plan to discipline erring police officers before the week runs out.

The Commission also announced the elevation of no fewer than 31 Assistant Commissioners of Police (ACP), to the next rank of Deputy Commissioners of Police (DCP).

A statement by Head, Press and Public Relations, Ikechukwu Ani, said the Commission also elevated five hundred and five Superintendents of Police to the next rank of Chief Superintendents.

This is in addition to several other officers, who benefited from the ongoing promotion exercise.

He noted that the 1st plenary meeting of the new Board of the Police Service Commission, which began on Friday, August 30, 2024, continues on Wednesday, September 4, 2024 with matters relating to police discipline, investigation, recruitment and staff maters taking the centre stage.

Ani noted that the current elevation of police officers to the next ranks was one of the highlight of the plenary meeting of Friday August 30, 2024.

The beneficiaries of the promotion exercise, included "Godspower Origho, Area Commander, Kabba, Kogi State Command; Abubakar Argungu Ibrahim, Coordinator BPU, Sokoto State Command; and Kabiru Ibrahim, Department of Operations, Cross Rivers State Command.

There was Ochiabutor Ejike, Department of Operations, Enugu State Command; Danladi Ibrahim, Area Commander Kafanchan; John Amaechi Ngwoye, Department of Operations, Ondo State Command; Sulieman Salihu, Department of Operations Bauchi State Command; and Udeme Stephen, Area Commander Ngor Okpalla Imo State Command.

Also lucky were John Danjuma Sendere, Liberal Studies, Police Staff College Jos; Aliyu Haliru, Department of Operations, Katsina State Command; Atiku Musa, Department of Finance and Accounts, Jigawa State

Command; and Adeniran Babatunde, Area Commander, Agbor, Delta State Command.

Other were Daniel Habila, Commander Ugoniyi, Edo State Command; Sulieman Oba Toyin SID FCT Command; Sulieman Gulma, Force Sec Office; Aliyu Sa'ad BPU Katsina State; Kabir Mohammed, Commandant Police Training school Sokoto and Ralph Soledayo Akinbisehin, Office of the National Security Adviser. Also promoted were Olurunfemi Gbenga, Area Commander, Keffi Nasarawa State Command; James Navokhi, Department of Finance and Admin, PCM; Shehu Alao, Area Commander Shagamu, Ogun State Command; Mustapha Waziri, Commander 15 PMF Ilorin; Edun Azeez Area Commander Adatan, Ogun State Command; as well as Gregory Itobere, Area Commander Onitsha, Anambra State Command. Equally considered worthy were Baba Kalli, Police Adviser New York; Ahmed Ibrahim State CID Kwara State Command; Abdul

Adejo, Commander 4 PMF Ibadan; Tissing Nandiyak. Area Commander Ekpoma Edo State Command; Audu Sabo, Area Commander Rano , Kano state Command; Yahuza Samaila Shall, Area Commander, Metro, Katsina State Command and Kaita Abdulkadir, State CID, Niger State Command".

Ani further disclosed that the Commission had also promoted fifty two Chief Superintendents of Police to the next rank of Assistant Commissioners of Police. They included Offiong Effanga Effiong, Simeon Vitalis Timbomna, Edward Etim Akaniyere, Yusuf Alhaji Bala, Ikenna Adolf Ogwu, Joshua Omololu Adewalehinmi and Edward Hangior Weghyina of the Nigeria Police Force National Cybercrime Centre NCCC. Others include; Oladele Bamidele, Ikechukwu Kingsley Osuoha, Niyere Andrea Rwang, Fatimah Gimba, Olubunmi David Apapa, Godwin Oko Onah, Patrick Chukwuma Agbazue, Stephen Ikor Ukam and Yusuf Jafaru Abdullahi," he said.

"A recently circulating video depicting mass massacre by gunmen amidst gunshots and dead bodies in deep trenches has been circulating on WhatsApp claiming that they were bandits killing over 150 abducted victims in Sokoto State.

“The claim which has been “forwarded many times,” states, “Bandits kill those 150 community people kidnapped in Sokoto State, as the govt refused to pay 200 Billion ransom with 250 Bikes."

It said earlier that, a national daily had reported that bandits abducted over 150 persons and rustled over 1,000 cattle in some villages in Gobir Emirate of Sokoto State, adding that

Akobundu

the incident happened a few days after the death in kidnappers’ den, of the Emir of Gobir, Alhaji Isa Muhammad Bawa, who was also the District Head of Gatawa.

"Outraged at the activities of terrorists and bandits ravaging Sokoto, Zamfara, Katsina, and Kebbi States, the Minister of State for Defence, Dr Bello Muhammed Matawalle directed the Chief of Defence Staff (CDS), General Christopher Musa, and other military chiefs to move to Sokoto with him as part of an intensified effort by the federal government to rid the North-west of the menace of banditry, kidnapping and other forms of terrorism.

Aims to Make Abia Central ICT Hub as 400 Abia Students Acquire Computer Software Skills

Emmanuel Ugwu-Nwogo in Umuahia

Following the successful training of over 400 Abia State students in computer software skills, the senator representing Abia Central, Senator Austin Akobundu, has expressed his intention to make the district a hub for ICT and innovations.

He stated this, weekend, at the conclusion of a training programme in computer software for under-18 Abia students, sponsored by the Austin Akobundu Foundation in partnership with the Federal Ministry of Communication and Digital Economy.

“These efforts are part of my strategy to make Abia Central a viable and technologically advanced district”, he said.

“My vision is for our community to be a leader in innovation and a hub for technological advancement," the Abia Central Senator added.

The two-week intensive training programme targeted at secondary school students from Abia Central was held in Umuahia at the arena of Innovation Growth Hub Computers, an indigenous firm that served as the trainers.

Akobundu urged young Nigerians to develop interest in acquiring skills in computer software as it would enable them "to innovate, create and solve real life challenges".

He noted that the acquisition of

knowledge in computer software is a sure way of getting ready for the future given the place of ICT in this innovation-driven age. According to him, the knowledge acquired by the students in the course of the training programme, tagged "Build-a-Thorn", represents a seed that has been sown, adding that "it will germinate, grow and multiply if nurtured".

The young minds were trained in embedded engineering, robotics, programming and coding, which kept them busy in the ongoing long vacation.

“I have always been passionate about education and empowering our people through knowledge," Akobundu said.

He stated that his passion for empowerment "led me to sponsor 113 teachers at the Teachers Training Institute (NTI) because I believe in the power of training and seeing individuals grow".

The Abia Central Senator said that his commitment to this cause of empowering people would not stop, adding that more people would continue to benefit from his empowerment programmes. To this end, he announced his plan to equally train 1,000 people across his senatorial district this September. He said that the training programme would cover various skills, including digital marketing, graphic design, web development, UI/UX design, cyber security and forex trading.

John Shiklam in Kaduna, Linus Aleke in Abuja, Onuminya Innocent in Sokoto

Linus Aleke in Abuja

Email: deji.elumoye@thisdaylive.com 08033025611 SMS ON lY

Shettima at 58: A Boss, Mentor and Quintessential Leader

Stanley Nkwocha pays tribute to Vice President Kashim Shettima who turns 58 today describing him as a strong believer in team work which he displays in his activities as Nigeria’s number two citizen.

It was Saturday, May 27, 2023. The inauguration of President Bola Tinubu as the President of the Federal Republic of Nigeria was just two days away, that is Monday, May 29.

I and my friend, B.K Yakubu (presently the Commissioner for Information in Kebbi State) were seated at the back row of the expansive hall of the International Conference Centre, Abuja. It was the Inauguration Lecture, with former President Uhuru Kenyatta of Kenya as the guest speaker. In attendance was then President Muhammadu Buhari and Senator Kashim Shettima, now Vice President, who was representing then President-elect.

Just as the event came to a close with the national anthem reverberating through the conference centre, the dignitaries led by then President Buhari gradually departed from the hall. Tucked in the corner at the back row were myself and Hon. Yakubu. As the Vice President walked past our row with his retinue of security aides, we waved at him, not really sure if he would notice us or not. Just as our eyes met, he beckoned at me to come forward. I moved towards him, and he muttered what I considered a tall order to me. “Go get ready. You are joining me to the Villa. There is work to be done,” he said and continued moving.

B.K Yakubu, who clearly heard the then incoming Vice President, hugged and shook my hands, as the soon-to-be “No 2” walked away, piquing the curiosity of many who saw the now Vice President talking to me, and wondered what prompted Yakubu’s enthusiastic reaction.

For the next few days, as I processed the VP’s unequivocal instruction to me, lots of thoughts raced through my head. I kept reflecting on my life’s journey, particularly the first day I met with the Vice President. That was about 15 years ago as a young journalist with LEADERSHIP Newspapers. I took time to reminisce about my relationship with him; his support, humility and friendship over the years and why he was opting for me, an ‘Igbo man,’ to manage his brand, image, communication and publicity as the Vice President. It was a thought that really got the emotional side of me for a long time.

Upon assuming office, on Tuesday, May 30, 2023, I got a call requesting my curriculum vitae. On assumption of duty following my subsequent appointment, I proceeded to his office for my very first briefing, and I will never forget what he told me.

“Stanley”, he called me by my first name. “We will need to work assiduously to ensure the President succeeds. He holds me in high esteem. We cannot afford to fail him. I will not interfere with your job. I will give you all the free hand to do your job as best as you can. But there is a red line you all must never cross. So long as I am here and so long as I remain the Vice President, there will be only one President. You must never ever forget that. We all must know that we are all here at his behest. All our efforts must be directed to support him. This, I won’t compromise. Go get to work”, he told me in a calm but empathic tone.

Since I started working with Senator Shettima, it has been a new experience altogether. American politician, actor and the 40th President of the United States, Ronald Reagan, once said, “The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.” This observation aptly captures the incumbent Vice President of Nigeria in life and style.

In his four-fold shot at public service positions – Commissioner, Governor, Senator, and now, Vice President - Shettima has demonstrated what is possible when a leader prioritises majoritarian principle (greatest good for greatest number) over narrow, pedestal and selfish interests. For me, therefore, as the Vice President celebrates his 58th birthday, it is more than celebrating a number. It is more for me the opportunity and moment to reflect on his remarkable leadership qualities, which have endeared him to millions of Nigerians, contrary to some

mendacious narratives about an imaginary and non-existent marginalisation of the Vice President, as well as pockets of tendentious mudslinging and smear campaigns targeted at mischaracterisation and projection of an illusory strife in the presidency.

Throughout his political career, Senator Shettima has consistently demonstrated the attributes of an effective leader, inspiring hope and progress at every level he has served. It has been an extraordinary privilege to serve as a Senior Special Assistant to the President (Office of the Vice President) under him, an experience that has profoundly impacted my life and career.

Working closely with the Vice President has been a masterclass in exemplary leadership, unwavering integrity, unalloyed loyalty and unrelenting dedication. His unshakeable commitment to Nigeria’s progress and his infectious optimism in the face of adversity have been a constant source of inspiration. His open-door policy and willingness to listen and learn have created a collaborative environment that fosters innovation, creativity, and growth.

One of his most remarkable leadership qualities is his ability to unite people across party lines and regional divides. His inclusivity, empathy, and compassion have earned him widespread respect and

admiration. I have had the privilege of witnessing firsthand his tireless efforts to drive meaningful change. From championing initiatives that uplift marginalised communities to advocating policies that promote economic growth and development, his impact is undeniable.

His leadership is characterised by a clear vision for a better Nigeria, which he implements with courage and strength. He has a unique ability to inspire and motivate others to work towards a common goal, making him a true visionary leader.

Shettima’s down-to-earth demeanor, genuine interest in others, and outstanding leadership skills have earned him admiration. The willingness to listen and learn from others is a testament to his remarkable empathy and compassion. He has a heart for the people, and his leadership is guided by a deep sense of humanity, humility and humour.

During his tenure as Governor of Borno State, Shettima demonstrated unwavering dedication to the welfare of his people, achieving significant milestones despite the challenges posed by the Boko Haram insurgency. His leadership was marked by courage, resilience and determination, earning him recognition as one of Nigeria’s most effective governors.

His commitment to inclusivity, promoting unity and peace, extends far beyond Borno State. He has bridged divides, calmed tensions, and fostered interfaith harmony, earning widespread admiration and respect. His leadership has been a beacon of hope for a more united and peaceful

The illogical conspiracy theories of the VP being sidelined peddled in recent days are the direct opposite of what is happening here in Aso Rock. As President Tinubu’s administration continues to take shape, there’s no gainsaying that one key player who has been making waves is Vice President Shettima. Since assuming office, Shettima has brought a unique blend of experience, expertise, and energy to the table in support of the Renewed Hope Administration.

Nigeria.

As Vice President Shettima continues to inspire hope and progress, empowering youths and promoting economic development. His leadership style is a rare gem, marked by respect, teamwork and a willingness to listen and offer guidance. He treats all staff with respect, encourages teamwork, leads by example by demonstrating a true servant-leader mentality.

As we celebrate his 58th birthday, we honour a true servant-leader who has made a profound impact on Nigeria. His legacy continues to inspire generations to come, and his influence has touched countless lives. Shettima’s leadership is a shining example for Nigerians and leaders worldwide, demonstrating that effective leadership is not just about position or power but about serving others with humility, compassion, and vision.

For those peddling ludicrous conspiracy theories of a fictional rift in the presidency which, according to the schemers, has led to Senator Shettima being sidelined and stripped of his roles as Vice President, here is also an opportunity to know the facts. In the history of Nigeria’s Presidency, no Vice President has enjoyed the total confidence and full support of his principal like Shettima. In return, his loyalty to his boss, President Tinubu, as attested by well-meaning Nigerians who have been keeping tab with the goings-on in the presidency, is absolute and unalloyed.

In a political landscape where loyalty is often tested, Vice President Shettima stands out as a beacon of dedication and commitment to his principal, President Bola Tinubu. His unwavering support and teamwork demonstrate a refreshing shift towards harmonious collaboration, setting a positive tone for their administration.

VP Shettima’s recent praise for President Tinubu is heartfelt and genuine, describing him as a “good soul” and a leader Nigerians can trust. He has consistently demonstrated his loyalty through his words and actions, showcasing a remarkable ability to connect with people from all walks of life.

Unlike previous presidencies which were mired in protracted public disagreements between vice presidents and their bosses, VP Shettima’s approach is a welcome change. He has proven himself to be a true partner to President Tinubu, working tirelessly to support his initiatives and vision for Nigeria.

The illogical conspiracy theories of the VP being sidelined peddled in recent days are the direct opposite of what is happening here in Aso Rock. As President Tinubu’s administration continues to take shape, there’s no gainsaying that one key player who has been making waves is Vice President Shettima. Since assuming office, Shettima has brought a unique blend of experience, expertise, and energy to the table in support of the Renewed Hope Administration.

His background in banking and finance has proven invaluable to his boss in shaping the administration’s economic policies. His advocacy for fiscal discipline, investment in critical infrastructure, and support for small and medium-sized enterprises (SMEs) has helped stimulate economic growth and development.

Shettima’s commitment to social justice and human development has also led to significant investments in education, healthcare, and social welfare programmes. His passion for empowering marginalized communities has helped amplify the administration’s social reform agenda.

As a proud son of the North East, he has ensured that the region’s concerns and aspirations are represented at the highest level of government. His influence has helped promote regional balance and inclusivity, fostering a sense of belonging among Nigerians from diverse backgrounds. As we look to the future, may Shettima’s leadership continue to inspire a new generation of change-makers, and may his legacy forever shape the destiny of Nigeria, leaving an indelible mark on the sands of time.

-Nkwocha, Media Assistant to Vice President Shettima, writes from Abuja.

Shettima

Mapping Strategies to Tackle Challenges of Gender-based Violence, Sexual Harassment

In a bid to combat challenges of growing gender-based violence, especially sexual harassment in institutions of higher learning and other places, a feminist group, Alliance For Africa Initiatives, recently organised an intensive training for media representatives on the legal framework needed to tackle the menace. Blessing

Sexual harassment has been described as an unwelcomed and inappropriate sexual remarks or physical advances in a workplace or other professional or social situation. In institutions of higher learning in Nigeria, sexual harassment facilitated by lecturers, also students has become a pandemic.

This is followed by a 2018 World Bank survey which stated that 70 per cent of female graduates from Nigerian tertiary institutions had been sexually harassed in school by their fellow students and lecturers.

A Nigeria study also found that 34.2 per cent of the 160 students surveyed disclosed that sexual violence was the most prevalent form of gender-based violence. Owing to the prevalence of sexual harassment in tertiary institutions across the country; in 2016, a former Deputy Senate President, Ovie Omo-Agege and 57 other senators in the 8 National Assembly, introduced “Sexual Harassment in Tertiary Education Institution Prohibition Bill”. Years after serious deliberation on the bill, perpetrators of sexual harassment are still moving freely in the society, some when accused influenced their way out of the hook of legal conviction.

Some cases of sexual harassment in Nigerian tertiary institutions

THISDAY gathered that in 2018, a court in Osun state, sentenced a university lecturer Richard Iyiola Akindele to two years in prison for sexual harassment. In 2019, Ambrose Ali University, Ekpoma, announced the suspension of an associate professor, Monday Igbafen, over alleged sexual harassment of female students.

In February 2021, the University of Nigeria, Nsukka, announced the suspension of a lecturer in the Department of Archaeology and Tourism, Dr Chigozie Odum, over alleged misconduct. In August, same year, the University of Port Harcourt announced the dismissal of a lecturer in the Department of Foreign Languages and Literature for sexual misconduct. Also, the Rivers State College of Health Science and Management Technology suspended one of its lecturers, Mr Princewill Chikakpobi, for three months for allegedly sexually harassing a 100-level female student. While in January 2022, the Elechi Amadi Polytechnic, Rivers State, announced the dismissal of a lecturer for harassing a female student.

In as much as there were lecturers convicted of such nefarious act, a Magistrate Court in Port Harcourt, in September 2023, discharged and acquitted a lecturer at the Rivers State University, Prof David Ogbonna, who was standing trial for alleged sexual assault of a 21-year-old female student. Ogbonna, a lecturer at the Department of Microbiology, was arraigned by the police on June 28, 2022, after being accused by one Miss Ndamatin of sexually assaulting her in his office. But the presiding Magistrate, Chief Magistrate Poromon Menenen, in his judgement said the prosecution team failed to prove that their client was sexually assaulted. It was also observed that the evidence claimed by the defendant was never presented in court and subsequently discharged and acquitted Prof Ogbonna.

There are so many instances of sexual harassments and pending cases at the court of law, either waiting trial or at the conclusion stage for verdict.

Steps taken by Institutions, Organisations and Others to tackle sexual harassment

Following the cry by students and parents seeking an end to the incessant sexual harassment of undergraduates in the tertiary institutions, including other gender based violence at homes and public places, organisations like, Alliance for Africa Initiatives, a feminist group operating in Nigeria has taken the lead to tackle the menace and bring back sanity to the learning facilities in the country.

Other groups that are not relenting in the fight against the menace are Journalists For Christ (JFC),

Ibunge reports

an Association for Christian Journalists and allied professionals, institutions have also joined in the battle, legal groups, especially FIDA, security operatives, media organisations, others.

Recently, AFAI established partnership with media organisations to tackle the menace of sexual harassment in tertiary institutions across the country. The group sealed the partnership at a One-day residential Consultation with Media Executives in Nigeria, with the aim at addressing sexual harassment in the institutions, and subsequently trained and educated journalists on legal framework needed in addressing the menace.

The Executive Director of AFAI, Iheoma Obibi had during the engagement with media represteatives decried the negative effects of sexual abuse on the victims and survivors, including students, staff and the institutions at large. She remarked that the commitment of the media in the fight against the illicit act in the schools will sustained a better learning environment for the students.

At the training on legal framework in addressing sexual harassment, held in Abuja, the Programme Director of AFAI, Blessing Duru explained that the aim of the training was to address gender-based discrimination, the growing incidences and long-term impact of sexual harassment in the institutions.

Duru advocates for the adoption of gender studies as a general study course in Nigerian universities to promote women's agency, participation, and representation in leadership. She noted the need for the policy that will foster foundational reorientation to bring changes in behaviour and responsiveness to issues of sexual harassment in the university.

Noting that over 60 per cent of female students have reported experiencing sexual harassment during their time in tertiary institutions, Duru mentioned that the incidence of such harassment is now a pandemic in the society.

According to Duru, “This programme was formed based on the demand by students and parents particular, to begin

to look at the issues around sexual harassment as a normalised acceptance practice within the school learning environment. The students felt that attention around addressing this issue not given to it. They also felt that the school system is not providing the support they need to protect them against this norm.

“The second thing is that we also recognise the importance of the media when it comes to creating awareness on issues that had to do with humanity and critical role that media plays in terms of education and contributory to behavioral change and mindset.

“We decided that neither than build this in isolation, it is important we partner and collaborate with the media so that they can lend their expertise, support in amplifying this issue, so that people will know that the issue is actually a pandemic and needed urgent attention”.

A legal practitioner and facilitator at the media training, Mojirayo Ogunlana noted that the menace continue to expand because the society failed to recognize the legal framework that tackles such issue and could also facilitate its end in the institution environment.

Taking the participants journalists round the laws that prohibits such sexual harassment and other gender based violence, Ogunlana said the laws provided to tackle the challenges have not been well utilised, citing various human rights laws, she said government, institutions AND individuals are under obligations to respect, protect and fulfill human right.

Ogunlana who spoke on “Increasing understanding on the various relevant state, national, regional and international human rights frameworks”, insisted the need for Nigeria to sanitise its judiciary for the safety of the country. She also stated that journalists owe the right to the government to report accurate information as it relate to gender based issues.

The legal practitioner further listed some of the laws that tackles gender based violence to include: Common/Statutory law, Sharia, Customary law, Violence Against Persons Prohibition (VAPP Act 2015), the Penal Code, Maputo Protocol, others.

Speaking with THISDAY at the training, Ogunlana said “The best way to tackle this issue of sexual harassment, first, we need people to speak out, more expository report on incidence. The media is in the best position to share more light, talk more about it. You need to sustain

The best way to tackle this issue of sexual harassment, first, we need people to speak out, more expository report on incidence. The media is in the best position to share more light, talk more about it. You need to sustain debate on the awareness so as to bring feasibility to the issue

debate on the awareness so as to bring feasibility to the issue.

“The issue of OGBV was never given serious attention until the locked-up period in 2020 when people started coming out and talking, the day of silent has been completely shutout. I think with more feasibility, talking, the issue will be tackled. I know as journalists you operate in a very peculiar society. We are in a society that is very intolerant with journalists and there is obvious impunity”.

Also at the training, a professor at the University of Abuja, Prof Razinat Mohammed expressed that “prior to this workshop, those of us who were not aware of the laws existing to protect victims or survivals and enhance the performances of journalists, I think they have been made clearer to some of us during this two days’ workshop. So it is very important that we are leaving the workshop armed with sufficient knowledge of the legal framework in Nigeria that will cover up for some of these things”.

She continued that “most journalists in Nigeria have been operating in void without knowing that they have right to pursue cases to their logical conclusions. Every person that were part of this workshop are fully armed with legal knowledge and better educated on steps to be taken to protect society from the continuous occurrences of sexual harassment in tertiary institutions”.

THISDAY reported that participants at the meeting observed that individuals who head the gender units of most tertiary institutions have significant knowledge gaps in addressing sexual harassment without personal bias, are oblivious to the essence of their office and the power they have.

Also, that the survivors and stakeholders, including academic staff and media personnels who report sexual harassment lack protection from retaliation, while National and sub-national policies that addresses sexual harassment are selectively applied or implemented.

Mr Ejime Udueme, Assistant Manager on News, Delta Broadcasting Service, Radio/ Television, Asaba, at the AFAI training, said “The opportunity is one in a lifetime, especially the legal aspect in area of sexual harassment. Now that I have been equipped, I will go home and extend same information, knowledge to the people under me or higher, who have not been trained on this type of issue that we have adequately dealt with. Is a noble task, that AFA has embarked on this project to eliminate this menace of sexual harassment from the system. We hope that the desired change is brought into our society, because whether we like it not Nigeria is our home, we must make the society better than we met it so that generation yet unborn will appreciate our impact”.

Ensuing elimination of the sexual harassment, the University of Port Harcourt, taking the lead among universities, had launched the institution’s Sexual Harassment Policy in October 2019. And just last week, the Commissioner of Police, Imo State Command, Aboki Danjuma affirmed that the Imo State Violence Against Persons Prohibition (VAPP) Law 2021, would significantly contribute to combating violence and protecting the rights of individuals across the state.

Danjuma who made the assertion during the kickoff of a one-day statewide training on the VAPP Law 2021, held on August 30, 2024, in Owerri, organised by the Alliance for Africa Initiative, expressed gratitude to the group for organising the training. He highlighted that the workshop would significantly improve officers' understanding of the State VAPP Law 2021, leading to more effective implementation and enhanced service delivery.

AFAI Executive Director Mrs. Iheoma Obibi commended the VAPP Law as a significant step in combating violence and safeguarding rights in Imo State. She emphasised that the training was intended to improve officers' effectiveness in managing GBV cases.

Participants at a two-day training on Understanding Legal Framework in Addressing Sexual Harassment, organised by Alliance for Africa Initiative for Journalists across the country, held in Abuja

FOCUS

Assessing Lokpobiri’s Challenging One Year as Oil Minister

Appointed to head one of Nigeria’s most strategic but challenging ministries in the last one year, Emmanuel Addeh assesses the efforts made by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri to meet the targets set for him by President Bola Tinubu.

When he assumed office in August last year, Nigeria’s Deputy Oil Minister, Heineken Lokpobiri, stated that the single most important directive by the president was for him to drive the increase in crude oil production.

One other big challenge, he said, was a dire lack of investment in the Nigerian oil and gas sector, due to the protracted length of time before the passage of the Petroleum Industry Act (PIA).

This he said, was coupled with inconsistent government policies in the past, which drove potential investment to other climates.

As such, Lokpobiri explained that the primary policy thrust was, and remains, to increase production because increased production is the lowest hanging fruit for Nigeria’s economic recovery.

Daunting Challenges

Without exaggerating, oil has remained the bedrock of Nigeria’s economy for decades. So, when output dips, the country’s economy wobbles. So, for a long time, the sector has not been fully optimised.

Aside the big issues of underproduction, pipeline vandalism, underinvestment, among others, there are also some other challenges, including conflicts among partners, divestment issues, inconsistent policies as well as bureaucratic bottlenecks.

“When we assumed office, the biggest challenge met by this administration was a dire lack of investment in the Nigerian oil and gas sector, due to the protracted passage of the Petroleum Industry Act (PIA) and inconsistent government policies, which drove potential investment to other climates.

“Our primary policy thrust was, and remains, to increase production. You may ask, why is this our focus? Because increased production is the lowest-hanging fruit for Nigeria’s economic recovery. Higher production translates to greater investments, increased revenue and foreign exchange for the country, and a more functional midstream and downstream sector.

“We recognised numerous impediments to our progress early on, such as conflicts among partners, divestment issues, inconsistent policies, insecurity, and bureaucratic bottlenecks. Consequently, over the past months, our efforts have been dedicated to removing these obstacles, restoring investor confidence, and ensuring an enabling environment for businesses in the oil and gas sector to thrive.

“Our biggest challenge is that we have thousands of idle oil wells that are not exploring. I give you an example, between Rivers and Akwa Ibom which has over 170 oil wells, but only 10 are producing, the rest are just shut in with no explanation,” Lokpobiri said in an interview recently.

There is also the challenge of some of the assets being in the hands of people that are not putting them to use.

Rise in Oil Production

With crude oil production shrinking to as low as 1 million barrels per day at a point before the current government took over , there was an urgent reason to quickly ramp up production before the economy sank completely.

Worsened by divestment and by extension withdrawal by International Oil Companies (IOCs), the global energy transition movement further stifled investment. Amid these challenges, the country faced an urgent need to boost production volumes. This was the pressing reality in the upstream oil sector before the appointment of Lokpobiri.

A recent THISDAY analysis of recent data showed that Nigeria produced a total volume of 276.6 million barrels of crude oil in the first seven months of 2024. According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria raised production to 1.533 million barrels per day in July. This figure includes condensates.

The government says that production has now hit between 1.6 million bpd and 1.7 million bpd, that is, from a far lower figure.

Further analysis of recent data from the NUPRC indicated that Nigeria produced 44.2 million barrels of crude oil in January; pumped 38.3 million barrels of oil in February and 38.1 million barrels in March this year.

In April, total production was 38.4 million; in May, 38.8 million barrels were pumped and 38.3 million barrels were achieved in June while the latest released data for July production was 40.5 million barrels too climb to 276.6 million barrels.

“As of today, our budget is predicated on 1.7 million bpd and with condensate we are already meeting our budget projections. At least we are meeting our own mandate. Our target is to ensure we produce 2 to 3 million bpd per day. Our problem hasn’t been capacity,” the minister added.

Fight Against Oil Theft

Although now new, the menace of oil theft, pipeline vandalism, and illegal refining had in recent years become rampant in the Niger Delta, reflecting the severe challenges facing the industry.

In 2022, when things got to a point where his company had to shut down production, Chairman, Heirs Holdings, Tony Elumelu took to social media, tweeting: “How can we be losing over 95 per cent of oil production to thieves? Look at the Bonny Terminal which should be receiving over 200,000 barrels of crude oil daily, instead, it receives less than 3,000 barrels, leading the operator Shell to declare force majeure.

“The reason Nigeria is unable to meet its OPEC production quota is not because of low investment but because of theft, pure and simple! Meanwhile, oil-producing countries are smiling as their foreign reserve is rising. What is Nigeria’s problem? We need to hold our leaders more accountable!”

Although the problem has not been fully solved, there appears to be some progress.

Speaking with Financial Times, recently, Elumelu expressed optimism, saying, however, that oil thieves still take away 18 per cent of crude from the previous 95 per cent.

In resolving the menace of oil theft, Lokpobiri, recognising the necessity of a coordinated response, under the leadership of President Bola Tinubu assembled a high-level delegation for a physical assessment of the battle against crude oil theft on August 26, 2023. They included: National Security Adviser Mallam Nuhu Ribadu; Minister of Defence, Minister of State for Petroleum Resources (Gas), and the Permanent

Secretary of the Ministry of Petroleum Resources.

Also present were the Chief of Defence Staff, the Chief of Air Staff, a representative of the Chief of Army Staff, the Commander of Operation Delta Safe, a representative of the Director General of the Department of State Services (DSS), and the Special Adviser to the President on Energy.

This collaborative effort aimed to address the multifaceted challenges plaguing the oil industry and enhance security measures in the Niger Delta, seems to have since borne fruits.

Also co-opted into the team was Mallam Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bala Wunti, Chief Upstream Investment Officer, among others.

The stronger collaboration with local security groups like Tantita Security Services Limited, has also been critical in curbing the menace.

To further reduce oil theft, the minister of state, announced recently that the federal government had awarded contracts to ensure the full metering of Nigeria’s 187 oil flow stations as well as a software to track the movement of Nigeria’s oil in the high seas.

“As part of our steps to ensure that we have proper accountability, the Federal Executive Council (FEC) approved the metering of all our production. And we have 187 flow stations in the country, littered across the Niger Delta area, so that we will be able to properly account for what we produce and what we export,” he said.

Investment Commitments of over $20bn

Although it hasn’t been fully realised, there are now signs that investments will begin rolling in soon. Lokpobiri said the federal government was targeting a $20 billion investment in the oil sector because of the reforms that have taken place in the last year.

Lokpobiri said that there had been significant improvements in the oil sector in the last year, stressing that even major IOCs were showing interest in investing in Nigeria.

He noted that the oil companies had confirmed that they were not leaving Nigeria, but only moving offshore.

The Minister said: “As I am speaking, there is a company that will soon announce an investment of $10 billion in Nigeria, while another will invest $5 billion. We have created an enabling environment, that is why companies like Total Energies are showing interest and Schlumberger is also coming back and

they have a programme to drill up to 100 wells.”

He said the reason why the Nigerian oil sector had suffered over the years was because of the unfriendly environment and that for over 12 years there had been no serious investment in the sector.

“When we assumed office, the biggest challenge met by this administration was a dire lack of investment in the Nigerian oil and gas sector, due to the protracted passage of the Petroleum Industry Act (PIA) and inconsistent government policies, which drove potential investment to other climates.

“By resolving conflicting issues and fostering a more consistent policy and business-friendly environment, we have made significant strides in attracting and sustaining investments in the sector.

“The business-friendly efforts of this administration have rekindled investors’ confidence in our oil and gas sector and ensured the return of companies such as industry service providers who had earlier seized or greatly reduced operations on our shores due to the unfavourable business climate.

“For example, we have met one-on-one with SLB’s global CEO, who further solidified their commitment to Nigeria,” he added. He said the government has been working to eliminate the bureaucracies and bottlenecks that have stifled investment for over a decade by resolving conflicting issues and fostering a more consistent policy and business friendly environment.

He explained that there has been as extension of oil prospecting licenses to technically and financially capable indigenous and international companies all geared towards increasing production.

Resolving Conflicts Among Operators, Communities

The perennial conflicts among operators as well as with host oil communities has always been a problem for the industry. But even that is being sorted out by the ministry.

“We have embarked on continuous engagement with IOCs and Independent Petroleum Producers Group (IPPG) members in resolving industry disputes towards increasing production Resolutions of internal joint venture contracts feud between joint ventures partners on critical productions fields.

“We are engaging local communities with critical assets running through them to protect the assets all in a bid to decrease oil theft in the country. We are consolidating existing security framework with private security firms and government security agencies for pipeline surveillance, which led to sharp decline in crude oil theft and thus increased production for export.

“During this period, we also experienced the coming on stream of OMLs 13 (Sterling Exploration) and 85 (First E&P), with the respective assets reaching first oil in the development of their licenses.

“These assets are expected to produce an average of 20,000 and 40,000 barrels per day respectively. One of our main objectives has been to create an environment where investment can thrive. For over a decade, the non-passage of the PIA and inconsistent policies had driven investments away,” the minister said recently.

Nigeria Discovers New Blend of Oil

Under the sector driven by the ministry of petroleum, Nigeria has announced the introduction of Utapate crude oil blend, a new crude grade into the international oil market.

Located offshore Akwa Ibom State in Nigeria, Utapate’s current crude oil production is at 28,000 barrels per day, with potential to increase it to 50,000 bpd.

What makes it a major stride for Nigeria is that the sulphur content of the new crude is just 0.0655 per cent. Earlier, the government announced the launch of Nembe crude oil.

Although not yet Uhuru given the challenges in the sector, what has become clear is that decisions are being taken to solve the many problems besetting the petroleum sector.

Lokpobiri

POLITY

FMBN: Fulfilling Home Ownership Dream Through NHF Scheme

Emmanuel Addeh writes that the launch of the Home Ownership scheme by the Federal Mortgage Bank of Nigeria (FMBN), appears a long-term solution to providing affordable mortgage loans to shelter-starved Nigerians.

Shelter is so critical to human survival that UN-Habitat, the arm of the United Nations responsible for promoting socially and environmentally sustainable towns and cities, lists it as a fundamental human right.

The global body places affordability, sustainability and inclusiveness of the housing sector at the core of the urbanisation drive as a way of ensuring access to adequate housing for all. In this sense, housing goes beyond the brick walls and the roof; it’s an opportunity for a better life and a better future.

However, the journey to owning a home in Nigeria can be fraught with challenges, especially for low and middle-income earners. These include factors like high property costs, limited access to affordable financing, and bureaucratic hurdles.

The home rental segment greatly imparted by inflationary trends, makes the situation worse, with reports indicating that more than 80 per cent of Nigerians spend roughly 50 per cent of their income on rent.

It is this ugly situation that the Federal Mortgage Bank of Nigeria (FMBN) was created to address. Mandated by the FMBN Act 82 (1993) to serve as the apex mortgage institution in Nigeria, the bank has since then assumed the role of Nigerians’ best chance at affordable housing.

Primarily, the bank was empowered to administer and manage the National Housing Fund (NHF), a contributory savings scheme established in 1992 under the National Housing Fund Act (1992). The primary objective of the NHF is to provide affordable housing finance to Nigerians, especially those who struggle to access housing loans from traditional financial institutions.

The motivation behind the Scheme was the urgent need to combat Nigeria’s growing housing deficit, which was aggravated by the lack of affordable financing options for home ownership.

Prior to the establishment of the NHF, the housing finance ecosystem in Nigeria was practically non-existent, with the few available commercial players showing limited and their loans largely inaccessible to the average Nigerian. High-interest rates, stringent loan conditions, and short repayment terms made mortgages unattainable for most Nigerians, particularly those in the low-income brackets.

Recognising these barriers, the NHF scheme was conceived as an affordable, long-term solution to provide affordable mortgage loans and products. By mandating contributions from Nigerian workers, the NHF sought to create a sustainable pool of funds from where contributors can access single-digit loans for home acquisition and/or construction. The goal was to democratise access to housing finance and make home ownership a reality for a broader segment of the population.

How Does the Scheme Work?

The scheme is a compulsory savings programme that requires Nigerian workers in both the public and private sectors to contribute a percentage of their monthly income to the fund.

The scheme mandates that all Nigerian workers earning the national minimum wage and above contribute 2.5 per cent of their monthly income to the fund. This compulsory contribution applies to both public and private sector employees. On the other hand, Nigerians in the informal sector are expected to ascertain their monthly income and pay 2.5 per cent of that amount on a monthly basis as their contribution, through which they can gain access to housing finance through a range of products.

Refunds to Contributors

A unique aspect of the NHF scheme is its provision for refunds to contributors upon retirement or the attainment of 60 years. Refunds are for all NHF contributors at the end of their active years of work, whether or not the beneficiary benefits from the scheme.

Total contributions made throughout the individual’s active years along with a 2 per cent interest are put together and paid to the individual. In essence, the NHF scheme provides a safety net for those who may not have been able to secure a mortgage in the course of their active years, while also ensuring there’s something significant waiting for every retiree who contributed to the scheme. Either way, whether a contributor secures the NHF loan or not, they still benefit immensely by getting back all their savings, which they may have been impossible without the NHF scheme.

Low-interest Mortgage Loans

A defining feature of the NHF Scheme is its provision of low-interest mortgage loans to contributors. Unlike commercial bank loans, which come with high-interest rates ranging from 15 per cent to 25 per cent, loans gotten through the NHF Scheme come with an affordable interest rate of 6 per cent. This significant reduction in interest makes its housing loans more accessible and affordable, particularly for low and middle-income earners who are the primary beneficiaries of the Scheme. Moreover, the NHF scheme allows for extended repayment periods of up to 30 years, depending on the borrower’s age and loan terms. This long repayment tenure reduces the monthly financial burden on beneficiaries, making it easier for them to manage their mortgage obligations without compromising their overall financial stability.

Innovative Products

The National Housing Fund (NHF) Mortgage Loan is a flagship product of the Federal Mortgage Bank of Nigeria (FMBN). It is designed to provide affordable housing loans to Nigerian workers who contribute to the NHF Scheme. This facility is granted at 4 per cent interest to accredited Primary Mortgage Banks (PMBs) for on-lending at 6 per cent to NHF contributors over a maximum tenor of 30 years, which is secured by the mortgaged property.

A contributor can access up to N50 million from the fund through an accredited and licensed PMB as a mortgage loan to build or buy a home after six months of continuous contributions. The long repayment period and low interest rate make this product the most affordable mortgage option in Nigeria as of today, significantly reducing the financial burden on homeowners.

The FMBN Rent-to-Own scheme is an innovative housing solution that allows Nigerians to live in FMBN-funded properties as tenants while gradually paying towards ownership.

This product is designed to ease the burden of large upfront payments typically required to purchase a home. Under this scheme, tenants make affordable monthly, quarterly, or annual rent payments, with a portion of the rent contributing towards the purchase of the property. Over time, as the tenant pays off the balance, the home fully becomes theirs.

With an interest of 7 per cent of the price of the property annually, this approach makes homeownership more accessible, especially for low and middle-income earners who may struggle with traditional mortgage requirements. Also, no equity contribution is required from the subscriber before moving into the property.

Home Renovation Loan

The FMBN Home Renovation Loan (HRL), the bank says, has become one of the bank’s most successful products. It is aimed at helping existing homeowners improve or expand their homes.

This product offers up to N1 million at a singledigit interest rate, with a repayment period of up to five years. The loan is specifically designed for individuals who already own a property but need financial assistance to make renovations, repairs, or upgrades.

The Home Renovation Loan provides an affordable alternative to high-interest loans, enabling homeowners to enhance their living conditions without overextending their finances. This product is ideal for families needing to upgrade their living conditions without taking on large, high-interest loans.

Cooperative Housing Dev Loan

The Cooperative Housing Development Loan (CHDL) is a collective financing solution that enables cooperative societies to obtain funds for constructing houses for their members. Under this scheme, a cooperative society finds a land, identifies a developer, designs their own estate and then approaches the bank for construction finance. Once the homes are completed, FMBN then goes ahead to provide mortgage loans to individual members of the cooperative at 6% interest rate to enable them offtake the homes. This product leverages the strength of group savings and collective bargaining, making it easier for members to access

affordable housing finance.

The loan can cover the cost of land acquisition, site development, and construction, providing a comprehensive solution for cooperative societies aiming to deliver housing projects for their members.

Individual Construction Loan

The FMBN Individual Construction Loan is designed for Nigerians who already own titled land and wish to build their homes. This loan provides up to N50 million, depending on the applicant’s income and repayment capacity, with an interest rate of 7 per cent per annum. The loan covers the cost of building materials, labour, and other construction-related expenses. The repayment period is up to 15 years, depending on the applicant’s age and income. This product empowers individuals to construct their dream homes without the need for large upfront capital, providing a flexible financing option for self-build projects.

Diaspora NHF Mortgage Loan

The Diaspora NHF Mortgage Loan is tailored for Nigerians living abroad who wish to own property in Nigeria. While it is yet to be fully operational, the Bank has finalised modalities with other parties like the Nigerians in Diaspora Commission (NiDCOM) and the Central Bank of Nigeria (CBN) on technical issues. This product will allow Nigerians in the diaspora to access mortgage loans for purchasing, building, or renovating homes in Nigeria. Like the NHF Mortgage Loan, it offers up to N50 million at a competitive interest rate of 9 per cent per annum. The loan is repayable over a period of up to 10 years, making it a convenient option for diaspora Nigerians to invest in real estate back home, thereby contributing to the development of the Nigerian housing sector as well as reducing the country’s housing deficit.

Rental Assistance Loan

This is yet another innovative introduction by the FMBN. The Rental Assistance is a newly introduced product, yet to hit the market, aimed at providing financial relief to individuals and families struggling with high costs of rent. It is a micro-housing loan product meticulously designed to alleviate the financial burden of rental payments for eligible Nigerians. This innovative product has been thoughtfully crafted to ensure accessibility, affordability and flexibility, making it a viable solution for many who have found it challenging to secure housing finance through other traditional financial arrangements.

Currently open to informal sector contributors to the NHF Scheme who have been consistent over a period of six months, the Rental Assistance Loan offers a maximum loan amount of N2 million which is subject to the beneficiary’s affordability.

Enrolling for NHF Scheme

A common requirement for accessing any of the products of the FMBN is an applicant’s contribution to the NHF Scheme for a period of at least six months. What this means is that only Nigerians who are registered on the NHF Scheme and have consistently contributed for six months are eligible to apply for any loan from the Bank.

The NHF Scheme is, therefore, an assured gateway to fulfilling the homeownership aspirations of Nigerians.

In a country where the dream of owning a home often feels out of reach, the NHF Scheme, according to the bank, stands as a testament to what is possible when visionary policies are coupled with practical, accessible solutions. For many Nigerians, the journey to home ownership may still seem far-fetched and unrealistic, but with the NHF scheme, FMBN insists that that dream now looks more achievable.

FMBN CEO, Shehu Osidi

This Week In Tech

08097710984 (WhatsApp

Tech Top 5 News

NIGERIANS EMBRACE AI: SURGE IN PRACTICAL APPLICATIONS, CAREER BUILDING

As artificial intelligence continues to reshape industries globally, Nigerians are not curious about AI. They are actively exploring how it can enhance their careers and creative pursuits. According to Google’s latest search trends report, Nigeria has emerged as a key player in Africa’s AI landscape, ranking sixth on the continent and 25th globally in search interest for AI-related topics.

This surge in interest is not just academic. Nigerians are searching for practical applications of AI that can directly impact their lives and livelihoods. Notably, searches for AI have skyrocketed by 130 per cent this year, with a significant increase in queries like ‘how to use AI’ and ‘what is AI’. However, the specific, career-oriented searches tell the real story of AI’s impact in Nigeria.

In 2024, the most significant breakout searches that saw over 5,000% growth were centred around leveraging AI for creative and professional tasks. Nigerians are turning to AI to create logos, design websites, craft resumes, and even produce marketing materials like flyers and presentation slides.

The interest in AI extends beyond creative applications. The report shows a growing curiosity about how AI can be integrated into business and education. Searches related to AI courses have jumped by 50 per cent, while queries about the challenges of learning AI are also on the rise. This suggests that Nigerians are not just interested in using AI tools; they want to understand the technology deeply, ensuring they can harness its full potential.

Moreover, the intersection of AI with critical sectors such as healthcare and cybersecurity is drawing significant attention. Searches for AI in healthcare have more than doubled, while interest in AI’s role in medicine, STEM, and hospital management has also seen substantial growth. This indicates a broadening of focus, with Nigerians looking at how AI can contribute to vital areas of national development.

Olumide Balogun, Google’s West Africa Director, Olumide Balogun, encapsulated this sentiment, stating, “AI has the potential to create opportunities from the extraordinary to the everyday for everyone.” His words resonate with the increasing number of Nigerians who are not just observing AI’s rise but are actively seeking to integrate it into their daily lives to drive innovation, progress, and social change.

FLUTTERWAVE PARTNERS AMERICAN EXPRESS TO EXPAND PAYMENT OPTIONS IN NIGERIA

In a groundbreaking move for African fintech, Flutterwave has announced that merchants in Nigeria can now accept American Express payments, marking a significant expansion for both companies in the region. This development allows American Express cardholders in Nigeria to make direct payments to e-commerce businesses using the Flutterwave platform, with plans to extend this feature to Tanzania, Rwanda, Ghana, and Uganda.

Olugbenga Agboola, CEO and founder of Flutterwave praised the partnership, emphasising its role in connecting African businesses to a global customer base.

“This initiative ensures that more people worldwide can pay using Flutterwave in Africa. We understand the importance of offering payment methods that cater to diverse shopper needs while helping businesses grow their customer bases,” Agboola said.

The collaboration broadens American Express’s reach in Africa, enhancing the number of locations where its cardholders can make purchases.

Vice President and General Manager of Global Network Services EMEA at American Express, Briana Wilsey, highlighted the significance of this expansion.

He said, “Through our agreement with Flutterwave, we’re enabling greater payment choice for businesses and consumers in Africa. This partnership not only benefits e-commerce merchants in Nigeria but also increases the number of places where our card members can use their cards across the continent.”

This move follows Access Bank’s recent introduction of the first-ever American Express Cards in Nigeria, further solidifying American Express’s commitment to the African market.

TECHCABAL ANNOUNCES MOONSHOT 2024: AFRICA’S PREMIER TECH CONFERENCE RETURNS

TechCabal, Africa’s leading technology ecosystem convener, has officially launched its second annual Moonshot by TechCabal conference, scheduled for October 9-10, 2024, at the Eko Convention Centre in Lagos, Nigeria. This year’s event promises to be a landmark gathering, drawing over 3,500 attendees, including entrepreneurs, investors, regulators, and students, all focused on scaling African innovation to the global stage.

TECH PERSONALITY OF THE

WEEK

Blessing Abeng: Using ‘Ingressive for Good’ for National Growth

Under the theme “Building for the World,” Moonshot 2024 will tackle the challenges and opportunities African startups face as they expand into global markets. The conference will feature keynote addresses from prominent figures such as Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation & Digital, Elizabeth Polk, Founding Partner at BALA Firm LLP, and Sunil Natraj, CEO of Jumia Nigeria.

New to this year’s conference are three additional content tracks: FUEL: The Investor Conference, Government & Policy Conference, and Climate Tech. These will complement last year’s tracks, covering sectors from fintech to AI, telco, and cloud technology.

Moonshot 2024 will also introduce new formats, including demos, roundtables, and expanded networking opportunities, providing attendees with practical insights and meaningful connections.

The CEO of Big Cabal Media, Tomiwa Aladekomo, emphasised the significance of this gathering.

“As Africa’s tech ecosystem continues to break boundaries, Moonshot will explore how we can leverage actionable policies to enhance the digital economy and spotlight booming sectors like climate tech,” said Aladekomo.

Sponsored by Sabi, a leading provider of digital commerce infrastructure, Moonshot 2024 is poised to shape the future of African innovation on a global scale.

The event is open to global and African VC investors, startup founders, top tech CEOs, industry professionals at all levels, students, and tech support organisations. Exhibitors will include the continent’s most innovative startups, leading enterprise companies, global tech giants, and a range of service providers.

YOUTUBE LAUNCHES NEW TOOL TO COMBAT ACCOUNT HACKS

YouTube has unveiled a new troubleshooting tool designed to help creators regain control of their accounts in the event of a hack, addressing the rising concern over online security threats. Recognising the anxiety and potential damage caused by hacked

This week, we spotlight Blessing Abeng, a force in Africa’s tech ecosystem. As the co-founder and director of communications at Ingressive for Good, Abeng has been instrumental in driving the non-profit’s mission to empower African youth through tech training and resources. Under her leadership, Ingressive for Good grew from zero to a thriving community of 250,000 members, providing training to over 100,000 individuals and placing thousands in jobs. She spearheaded multiple women-focused tech cohorts, attracting major partners like Coursera, DataCamp, Facebook, Figma, and Alphabet.

Before her impactful role at Ingressive for Good, Abeng co-founded and served as CMO of the digital tech startup Disha, which caught the attention of African unicorn Flutterwave, leading to a successful acquisition in 2021. Her work has not gone unnoticed. She was honoured with the African Achiever Award of the Year 2022 and was listed in ‘Forbes Africa’s 30 Under 30’ in 2023.

Abeng’s achievements with Ingressive for Good are particularly notable, with the non-profit recently completing a 3,000-member tech training cohort, with 80 per cent of graduates securing employment. The organisation has also awarded over $46,500 in scholarships and sponsored 1,000 women to pursue tech courses.

Beyond these accolades, she has been recognised as one of the UN’s 100 Most Influential People of African Descent Under 40, YNaija’s 100 Most Powerful Youths in Nigeria, and listed on the PR Power List’s top 50, among others. Abeng continues to shape the future of tech in Africa, one initiative at a time.

accounts, the platform’s latest feature offers creators a structured approach to quickly recover their channels.

The support assistant, now available through the YouTube Help Centre, serves as the first line of defence for creators who suspect their channels have been compromised. It guides them through securing their Google login, a crucial step since most YouTube channels are linked to Google accounts. By locking down the login, creators can halt any further unauthorised access.

Once the account is secured, the tool assists in reversing any changes made by the hacker, such as altering profile details, email settings, or uploading unauthorised content. The process also includes verifying channel ownership, resetting passwords, and scanning for suspicious activity.

While currently only available in English, YouTube plans to expand the tool’s accessibility to creators worldwide. For those unable to use the tool, YouTube has alternative support options.

As online threats continue to rise, this new tool is vital, helping creators maintain control over their channels and ensuring they can continue producing content without interruption.

NOONES EMPOWERS AFRICAN CRYPTO INVESTORS WITH TRAINING ON OPPORTUNITIES, CYBERSECURITY

In a significant move to redefine cryptocurrency trading in Africa, Noones, a pioneering digital platform, hosted a groundbreaking conference in Lagos focused on equipping investors with the skills to tap into untapped industry opportunities while strengthening their cybersecurity defence.

The event, drawing a diverse audience from Nigeria and Ghana, underscores Noones’ commitment to democratising financial empowerment across the continent.

As the cryptocurrency market rapidly expands, so do the associated risks and opportunities. Noones seized this moment to bridge the gap by providing attendees with insights into alternative income streams

that could enhance their financial portfolios. The conference spotlighted lucrative avenues such as earning commissions through processing local and international payments, facilitating airtime and utility subscriptions, and engaging in affiliate partnership programs. These strategies are tailored to help investors diversify their income sources and achieve greater financial stability.

A central focus of the discussions was the critical issue of cybersecurity, a growing concern in the fast-evolving world of digital currency trading. Noones took the opportunity to educate participants on safeguarding their capital against sophisticated scams. The platform’s experts offered practical advice on securing trading accounts, identifying potential threats, and staying informed through reliable communication channels.

The event also served as a communitybuilding initiative, bringing together seasoned traders, newcomers, and influencers to foster a collaborative environment.

“This event is about coming together as a community whether you’re new to the crypto space or a seasoned player. We are here to learn, grow, and support each other,” said a Noones spokesperson. This focus on community highlights Noones’ vision of creating a financially empowered network across Africa, connected through over 140 payment channels enabled by blockchain technology.

Noones’ dedication to financial inclusion was further emphasised by its use of extensive communication channels, including its website, YouTube, Twitter, and Instagram, to educate new traders and build trust within its expanding community. Influencers like Ghanaian forex trader Ms. Lamidi Sikira, former Big Brother Naija housemate Cross Okonkwo, and Nigerian journalist Suleiman Adebayo played key roles in inspiring and guiding the next generation of crypto investors.

Through education, community engagement, and innovative technology, Noones aims to transform the financial futures of individuals across Africa. The platform’s ambitious vision is clear: to build a continent-wide community of financially empowered individuals who can confidently and securely navigate the complex world of digital currencies.

www.thisdaylive.com

opinion@thisdaylive.com

HAPPY

BIRTHDAY, GOV LAWAL SULAIMAN

BALA pays tribute to Zamfara State governor at 59

RECENTERING HEALTH AS SOCIAL WELFARE

Nigeria needs a health sector fashioned as a social welfare rather than an epicenter of policy, argues PAUL A. OBI

Diversity and inclusion are essential drivers of business success, argues LINUS OKORIE

EMBRACING DIVERSITY IN THE WORKPLACE

In today’s dynamic business environment, organizations are increasingly defined not just by their products or services but by the culture they cultivate. The pressure is on for leaders to create environments where every voice is heard, every perspective is valued, and every individual feels they belong. Yet, despite the push for more diverse workplaces, many companies still struggle to move beyond surface-level diversity initiatives to embrace true inclusion—a leadership challenge with significant implications for business success.

Many organizations boast about their diversity, proudly showcasing the variety of races, genders, and backgrounds represented within their ranks. But diversity without inclusion is a hollow victory. It’s one thing to bring diverse individuals into the workplace; it’s another to create an environment where these individuals feel genuinely included— where they have equal opportunities to contribute, grow, and succeed.

Research from Deloitte shows that while 71% of organizations aspire to have an inclusive culture, only 12% of employees believe their companies have achieved this goal. The gap between intention and reality is stark, and it reveals a fundamental problem: many leaders don’t fully understand what inclusive leadership entails, or worse, they underestimate its importance.

Failing to embrace inclusive leadership is a significant business risk. Organizations that neglect inclusion often face lower employee engagement, reduced innovation, and higher turnover rates. According to a study by the Harvard Business Review, employees who feel excluded in the workplace are 25% less productive, 45% more likely to leave, and less likely to advocate for the company. In a world where talent is the most valuable asset, these statistics are a wake-up call.

Furthermore, the absence of inclusion doesn’t just harm individual employees; it undermines the entire organization. Without diverse perspectives being actively included, businesses risk stagnation, unable to innovate or adapt to an increasingly complex global market. McKinsey’s research reinforces this point, showing that companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians. The message is clear: Inclusion is not just a moral imperative but a business one.

Inclusive leadership is the answer to this pressing problem. But what does it look like in practice? At its core, inclusive leadership is about more than just ensuring diversity in the workforce. It’s about fostering a culture where all employees feel respected, empowered, and able to contribute to their full potential. This kind of leadership doesn’t happen by accident—it requires intentional effort, strategic planning, and a commitment to continuous improvement.

This manifests in specific behaviours and practices that create an environment where everyone feels valued and included. It starts with a leader’s mindset—a genuine belief in the value of diversity and a commitment to fostering inclusion at every level of the organization. Inclusive leaders are curious, open-minded, and empathetic. They actively seek out diverse perspectives and create

spaces where these perspectives can be heard and respected.

For instance, inclusive leaders make it a point to ensure that all voices are heard during meetings. This could mean actively soliciting input from quieter team members or ensuring that dominant voices don’t overshadow others. They recognize and address their biases, understanding that unconscious biases can influence decisions and behaviours in ways that undermine inclusion.

Another critical aspect of inclusive leadership is accountability. Leaders must hold themselves and others accountable for maintaining an inclusive environment. This can involve setting clear diversity and inclusion goals, tracking progress, and making adjustments as needed. For example, if a company’s leadership team is predominantly homogenous, an inclusive leader would recognize this gap and take steps to diversify the leadership pipeline.

Diversity and inclusion are essential drivers of business success. A diverse workforce brings a wealth of perspectives, experiences, and ideas, which can lead to more innovative solutions and better decision-making. When employees feel included, they are more engaged, more committed, and more likely to contribute their best work. A study by Boston Consulting Group found that companies with more diverse management teams have 19% higher revenues due to innovation. Diverse teams are better at problem-solving because they bring different perspectives to the table, allowing for more comprehensive and creative solutions.

Moreover, inclusive workplaces tend to have higher levels of employee engagement. When employees feel that they are valued and that their contributions matter, they are more likely to be engaged and motivated. This leads to higher productivity, better job satisfaction, and lower turnover rates. Gallup’s research supports this, showing that inclusive workplaces have employees who are 2.3 times more likely to be engaged at work.

Inclusion also plays a critical role in attracting and retaining top talent. Today’s workforce is more diverse than ever, and employees increasingly expect their employers to be inclusive. Companies that fail to meet these expectations risk losing out on top talent to competitors who offer a more inclusive work environment.

Creating an inclusive work environment requires deliberate action. Here are some strategies that leaders can implement to foster inclusion:

One, Cultivate a Culture of Respect and Belonging: Create a workplace culture where respect for diversity is ingrained in every aspect of the business. This includes promoting a zero-tolerance policy for discrimination or harassment.

Two, Encourage Open Dialogue: Foster an environment where employees feel comfortable sharing their thoughts and experiences by using open-door policies and anonymous feedbacks. Leaders should also model inclusivity by actively listening and responding to all team members.

Three, Implement Inclusive Hiring Practices: Ensure that your hiring processes are designed to attract and select a diverse range of candidates. This might involve being mindful of unconscious bias during the selection process.

Four, Provide Equal Opportunities for Development and Advancement: Make sure that all employees have access to the resources and opportunities they need to succeed and ensure that compensations are based on merit.

Five, Measure and Track Progress: To ensure that your inclusion efforts are effective, it’s important to measure and track progress. This can be done through employee surveys, diversity metrics, and regular reviews of inclusion initiatives. Use this data to make informed decisions and adjustments as needed.

As you reflect on these, consider your role in leading inclusively. Whether you’re in a position of authority or just beginning your leadership journey, remember that the power to create change starts with you. Embrace diversity not as a checkbox but as a core value. Cultivate an environment where inclusion is the norm, not the exception. And in doing so, you’ll not only enrich your workplace— you’ll contribute to building a world where everyone has the chance to thrive.

Okorie MFR

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

EDITORIAL

‘WARNING STRIKE’

NARD AND THE ‘WARNING STRIKE’

should please return to work

Resident doctors should please return to work

he Federal Government has threatened to evoke the “No Work, No Pay” policy on members of the Nigerian Association of Resident Doctors (NARD) for the number of days spent on their nationwide industrial action. NARD members commenced a seven-day warning strike last Monday to demand the release of their colleague, Dr Ganiyat Popoola who was abducted in December 2023, along with her husband and nephew. Her husband was later released, while Popoola and her nephew remain in captivity. While we hope for the safe return of the medical personnel in captivity, we do not believe the NARD approach is the right one.

setting a bad precedent, especially considering the assurances by the federal government of efforts to secure the release of the doctor in captivity.

setting a bad precedent, especially considering the assurances by the federal government of efforts to secure the release of the doctor in captivity.

H

DIRECTOR ENIOLA BELLO

DIRECTOR ISRAEL IWEGBU

BOARD OLUSEGUN ADENIYI

CAPITAL IYOBOSA UWUGIAREN

OMBUDSMAN KAYODE KOMOLAFE

Frequent face-off between health workers and government at all levels has not only left an indelible stain on the image of the public health care system in the country, but it has also brought untold hardship to many Nigerians. As a result of the ongoing strike, patients requiring health care in most government hospitals across the country are either being turned back or are left unattended to with dire implications. Many who may require emergency services and without enough funds to seek health care in private hospitals could unfortunately lose their lives at this period.

S PA P E R S L I M I T E D

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA

DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, IWEGBU, EMMANUEL EFENI

SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE

DIRECTOR OJOGUN VICTOR DANBOYI

ASSOCIATE DIRECTOR ERIC OJEH

DIRECTOR PATRICK EIMIUHI

TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI

PRODUCTION CHUKS ONWUDINJO

As previous cases have proven, parties would still return to the negotiating table after several lives have been lost. A more strategic way to resolve this logjam can be attained without bringing untold hardship to patients and other citizens that may need their services in the hospitals. We therefore plead with the resident doctors to return to work. The federal government should also understand that this is not an auspicious moment to dither on the issue of health care for the people. On that score, we don’t believe the ‘no work, no pay’ will resolve the crisis.

ongoing strike unfortunate as the pressure on already weak and bringing untold hardship among Nigerians

We’re on STRIKE .

Incessant strikes are hugely inimical to the health of the nation and, in many ways, disruptive of the social order. Even when we disagree with NARD on this strike, the federal government needs to urgently improve the quality of lives of health care professionals by making deliberate efforts in that direction. This will not only help to reduce brain drain and medical tourism—two ‘monsters’ that should easily be blamed on insensitivity of government—but also help in the bid to revamp the health sector in the country.

As previous cases have proven, parties would still return to the negotiating table after several lives have been lost. A more strategic way to resolve this logjam can be attained without bringing untold hardship to patients and other citizens that may need their services in the hospitals. We therefore plead with the resident doctors to return to work. The federal government should also understand that this is not an auspicious moment to dither on the issue of health care for the people. On that score, we don’t believe the ‘no work, no pay’ will resolve the crisis.

We consider the ongoing strike unfortunate as the development is piling more pressure on already weak and fragile health system, and bringing untold hardship among Nigerians

T H I S D AY

EDITOR SHAKA MOMODU

DEPUTY EDITOR WALE OLALEYE

MANAGING DIRECTOR ENIOLA BELLO

DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU

CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI

EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN

THE OMBUDSMAN KAYODE KOMOLAFE

We fully support the aspirations of resident doctors in terms of their welfare, conducive working environment, training, and recognition of their contribution as sacrosanct to an efficient health care system and a better society. We also share the frustrations of resident doctors whose membership is depleting every day as many of their peers seek greener pastures abroad. However, we are of the view that a strike will not resolve the problem of kidnapping that affects all sectors of the country. Besides, NARD may be

name.surname@thisdaylive.com

Health care delivery is critical to the well-being of any society. But over the years, the attention of government, both at the state and federal levels, is at best half-hearted. We can only appeal to the doctors to consider the interest of their suffering patients. For one, their Hippocratic Oath obligates them to save the several lives that are now being lost due to the prevailing dispute. We consider the ongoing strike unfortunate as the development is piling more pressure on already weak and fragile health system, and bringing untold hardship among Nigerians. There is an urgent need to stem this ugly trend.

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

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

(150-300 words) and straight to the point. Interested readers may send opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and longer than (750- 1000 words). They should be sent to opinion@thisdaylive. writer. to the Editor

Letters to the Editor

Incessant strikes are hugely inimical to the health of the nation and, in many ways, disruptive of the social order. Even when we disagree with NARD on this strike, the federal government needs to urgently improve the quality of lives of health care professionals by making deliberate efforts in that direction. This will not only help to reduce brain drain and medical tourism—two ‘monsters’ that should easily be blamed on insensitivity of government—but also help in the bid to revamp the health sector in the country. Health care delivery is critical to the well-being of any society. But over the years, the attention of government, both at the state and federal levels, is at best half-hearted. We can only appeal to the doctors to consider the interest of their suffering patients. For one, their Hippocratic Oath obligates them to save the several lives that are now being lost due to the prevailing dispute. We consider the ongoing strike unfortunate as the development is piling more pressure on already weak and fragile health system, and bringing untold hardship among Nigerians. There is an urgent need to stem this ugly trend.

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

GERIATRICS HOSPITAL WARD

THE NORTH FIRST GERIATRICS HOSPITAL WARD

Nigeria, if not Africa. The Centre was Anenih, a former Minister of the Federal Centre was commissioned on NovemMinister of Health, Professor Onyebuchi and public geriatric centres in the of Lagos University Teaching Hospielsewhere in Nigeria. Abuja provides limited geriatric care as elaborately as at the AKTH, Kano. patients attending the AKTH clinics is million Nigerians aged 65 and above sufdiseases, the most common being arthridisease, chronic obstructive pulmoAlzheimer's, and Parkinson's, diabetes, hypertension, and stroke. Nigeria reported in September 2019 that plans establishing six geriatric centres six geopolitical zones to care for the in the country.

The first ever customised and dedicated geriatrics ward in any tertiary health care institution in the 19 northern states was commissioned at the Aminu Kano Teaching Hospital (AKTH), Kano, on August 13, 2024. The 25-bed multi-million Naira facility is named Hajiya Ruƙayya Hassan Geriatrics Ward, in honour of the mother of Alhaji Shazali Hassan, the philanthropist who built, equipped, furnished and donated the ward to the teaching hospital. It is exclusively dedicated to caring for older citizens suffering from geriatric illnesses.

So far the federal government has enacted a law in 2017 establishing the National Senior Citizens Centre (NSCC). The government-funded agency is domiciled in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation. Its establishment Act mandated it “to identify (and meet) the needs of senior citizens in Nigeria. Its general goal is to improve the quality of life and wellbeing of Senior citizens in Nigeria.

oneer Geriatric Centre in Nigeria, if not Africa. The Centre was donated by Chief Tony Anenih, a former Minister of the Federal Republic of Nigeria. The Centre was commissioned on November 17th, 2012, by then Minister of Health, Professor Onyebuchi Chukwu.

There are many private and public geriatric centres in the South West, including that of Lagos University Teaching Hospital (LUTH), but fewer elsewhere in Nigeria.

The government-owned agency’s functions are hinged on the NSCC establishment Act 2017, the National Policy on Aging in Nigeria and the National Social Protection Policy.

An abridged dictionary definition says, “Geriatrics is the medical specialty dedicated exclusively to providing care for older adults. Older adults have a unique set of issues and concerns which geriatric clinicians are trained to focus upon.”

A corps of consultants and supporting health care providers has been running geriatrics specialty clinics thrice a week at the AKTH for sometime. Their skills were sharpened in training sessions at the University of Benin Teaching Hospital (UBTH).

It is pertinent to state that while the ward dedicated to geriatrics care at the Aminu Kano Teaching Hospital, Kano, is the first of its kind in the North, the Chief Tony Anenih Geriatric Centre (CTAGC), at the University College Hospital, Ibadan, is the pi-

The Director General of the NSCC said the Agency will establish 40 ageing desks in 40 Federal Ministries, Departments and Agencies (MDAs) in pursuit of its mandate of caring for senior citizens. Nigeria is not alone in providing geriatrics care for the elderly in the world. US-based National Council On Aging (NCOA), advocates for improving the delivery of health care for older persons. It raises funds to assist older persons in need of medical care and advocates for policies that improve the well-being of seniors.

The National Hospital in Abuja provides limited geriatric care services to patients. but not as elaborately as at the AKTH, Kano. The number of geriatric patients attending the AKTH clinics is huge.

An estimated seven million Nigerians aged 65 and above suffer from many geriatric diseases, the most common being arthritis, cancer, chronic kidney disease, chronic obstructive pulmonary disease, dementia, Alzheimer's, and Parkinson's, diabetes, osteoporosis, obesity, hypertension, and stroke.

The News Agency of Nigeria reported in September 2019 that the federal government plans establishing six geriatric centres in tertiary hospitals in the six geopolitical zones to care for the growing number of seniors in the country.

So far the federal government has enacted a law in 2017 establishing the National Senior Citizens Centre (NSCC). The government-funded agency is domiciled in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

Its establishment Act mandated it “to identify (and meet) the needs of senior citizens in Nigeria. Its general goal is to improve the quality of life and wellbeing of Senior citizens in Nigeria.

The government-owned agency’s functions are hinged on the NSCC establishment Act 2017, the National Policy on Aging in Nigeria and the National Social Protection Policy.

The Director General of the NSCC said the Agency will establish 40 ageing desks in 40 Federal Ministries, Departments and Agencies (MDAs) in pursuit of its mandate of caring for senior citizens. Nigeria is not alone in providing geriatrics care for the elderly in the world. US-based National Council On Aging (NCOA), advocates for improving the delivery of health care for older persons. It raises funds to assist older persons in need of medical care and advocates for policies that improve the well-being of seniors.

Salisu Na'inna Dambatta is an advocate for healthcare journalism

Salisu Na'inna Dambatta is an advocate for healthcare journalism

BUSINESS WORLD

Banks Borrowing

Kayode Tokede

Following the increase in the Standing Lending Facility (SLF) rate to 31.75 per cent, banks borrowing from the Central Bank of Nigeria (CBN) dropped by 76.4 per cent in August 2024 to N4.04 trillion from N17.12 trillion reported in July 2024.

According to financial data released by the CBN, the reported N4.04 trillion is the third lowest in 2024 as Nigerian banks exercise caution in borrowing from the apex bank.

At 26.75 per cent Monetary Policy Rate (MPR), financial institutions that borrowed from

CBN must now pay 31.75 per cent p.a to bridge if the SLF must be utilised.

Recently, the CBN revised the Asymmetric Corridor around the MPR from +100/-300 basis points to +500/-100 basis points. This significant shift aims to discourage banks from holding excess liquidity at the central bank and to promote increased lending activities.

In a circular signed by the Director of the Financial Markets Department, CBN, Dr. Omolara Duke, the CBN allowed banks to borrow at a rate of 31.75 per cent.

According to the CBN, “Banks can access the SLF through the Scripless Securities Settlement

System (S4) within the specified operating hours of 5:00 pm to 6:30 pm. Additionally, authorised dealers are permitted to access the Intraday Lending Facility (ILF) at no cost, provided it is repaid on the same day. The Monetary Policy Committee (MPC) adjusted the upper corridor of the standing facilities to 5.00 per cent from 1.00 per cent around the MPR, at its 296th meeting.

“Consequently, the suspension of the Standing Lending Facility (SLF) is hereby lifted and Authorised Dealers should send their request for SLF through the Scripless Securities Settlement System (S4) within the operating hours

of 5.00pm to 6.30pm. To this end, Authorised Dealers are permitted to access the SLF at 31.75 per cent; Permitted to access Intraday Lending Facility (ILF) to avoid system gridlock at no cost if repaid the same day;

“The 5.00 per cent penalty (as stated in the S4 business rules) is retained, for participants that do not settle their ILF, which the system will convert to SLF at 36.75 per cent; Collateral execution (the rediscounting of instruments pledged by participants at the penal rate by CBN) is reintroduced as stipulated in the approved repo guidelines. “The circular takes immediate effect.”

A top director in a Tier-2 bank expressed to THISDAY that lending rate to key sectors would remain high, stressing that real sector of the nation’s economy would suffer.

On his part, the Vice President, Highcap Securities Limited, Mr. David Adnori attributed the decline in banks borrowing from CBN to hike in rate, stressing that key businesses in the economy are seriously impacted. Professor of Finance and Capital Market at the Nasarawa State University, Professor Uche Uwaleke had expressed that the hike in MPR to 26.75 per cent is targeted at further reducing liquidity from the

banking system and jerk up cost of credit with adverse consequences on output. He stated that, “Having done 750 basis points between February and May this year, I had predicted they would do a minimum of 50basis points or a max of 100basis points in July. I am glad to note that they chose the floor which is a sign that a complete halt is most likely in their next scheduled meeting in September 2024. But the adjustment to the asymmetric corridor around the MPR is a major source of concern for me.

The latest report from the National Bureau of Statistics (NBS) has revealed significant increase in the cost of staple foods in Nigeria in the month of July 2024. The “Selected Food Price Watch Report” for July 2024 showed that the prices of basic commodities such as beans, eggs, and yam have increased dramatically year-on-year reaching as high as 2,170 per cent.

The average price of 1kg of brown beans, a staple in many Nigerian households, stood at N2, 444.81 in July 2024. This represents

a staggering 262.98 per cent increase from N673.53 in July 2023. The price of beans also saw a 6.63 per cent rise from N2, 292.76 in June 2024, indicating that the inflationary pressures are not abating. In the same vein, the cost of agric eggs (medium size, 12 pieces) has soared to N2, 170.17, representing a 2,170.17% year-on-year increase from N1, 006.64 in July 2023. On a month-on-month basis, the price of eggs rose by 12.11% from N1, 935.69 in June 2024. This sharp rise in egg prices is particularly concerning for households that rely on eggs as a source of affordable protein.

Tomatoes, another essential ingredient in Nigerian cuisine, have also seen a significant price hike. The average cost of 1kg of tomatoes increased by 203.57% from N557.96 in July 2023 to N1, 693.83 in July 2024. However, there was a notable month-on-month decrease of 26.43 per cent from N2, 302.26 in June 2024, offering some respite to consumers.

The report also highlights a dramatic rise in the price of yam tubers, with the average cost of 1kg reaching N1,802.84 in July 2024. This represents a 234.23 per cent increase from N539.41 in July 2023.

Despite a month-on-month decrease of 10.82 per cent from N2, 021.55 in June 2024, yam prices remain significantly elevated compared to the previous year.

The report also revealed some disparities in some States. Rivers State recorded the highest price for 1kg of brown beans at N3, 070.96, while Adamawa State had the lowest at N1, 532.23. For tomatoes, Osun State reported the highest price at N3, 000, whereas Kaduna State recorded the lowest at N761.45. The cost of yam tubers was highest in Kwara State at N3, 894.08 and lowest in Adamawa State at N742.95.

Meanwhile, Gombe topped the list for the highest price of garri (white, sold loose) at N1, 624.72, with the lowest price observed in Taraba State at N892.98.

Zonal analysis revealed that the South-South zone had the highest average price for brown beans at N3,032.86, while the North-West zone recorded the lowest at N1,732.71. The SouthWest zone had the highest price for tomatoes at N2, 366.67, and the North-West zone again had the lowest at N899.27. For yam tubers, the South-West zone reported the highest prices at N2, 357.02, while the North-East zone had the lowest at N1,018.60. In a bid to ensure accuracy in data collection for this report, the NBS said it made use of a random sampling methodology by getting responses from over 700 staff across all states and the Federal Capital Territory (FCT), drawing from 10,000 respondents and locations. The prices were averaged for each state, and random verification of recorded prices was conducted to ensure accuracy.

Arthur Eriye

About five of the banks that are in the capital market to raise fresh capital have pledged to allocate N575.62 billion from the N1.12 trillion net proceeds for loan to corporate, Small and Midsize Enterprise (SME) and retail banking sectors.

The banks are: Access Holdings Plc, Fidelity Bank Plc, Guaranty Trust Holding Plc (GTCO), FCMB Group Plc, and Zenith Bank Plc.

This was indicated in the offer prospectus of five lenders that have commenced their capital raise, to meet the new capital requirement of the Central Bank of Nigeria (CBN).

In late March, the CBN announced new capital requirements for the banks operating in the country.

The apex bank directed commercial banks with international authorisation to increase their capital base to N500billion, national banks to N200billion and those with regional authorisation were expected to achieve a N50billion capital floor.

An analysis of the offering documents showed that Access

Holdings had budgeted the highest amount for its local and international business expansion.

Access Holdings indicated that 65 per cent or N223.01 billion of the N343.09billion net proceeds from its rights offer would be invested business expansion.

According to the Pan-African bank, about N154.39 billion or 45 per cent of the proceeds would go into lending to corporate and commercial business segment; N51.46 billion or 15 per cent to retail business segment and N17.15 billion or five per cent of the proceeds goes into lending to SME customers.

On its part, GTCO said N133 billion of the net proceeds of N400 billion will go into lending to corporate, commercial, retail and SME segments.

Of its net proceeds of N392.49billion, the holding company said N138.5 billion would go into branch network expansion and refurbishment and N98.5 billion on technology/ infrastructure upgrades.

Zenith Bank said out of net proceed of its N185.14 billion

‘Nigeria Imports 96% of Raw Sugar for its Refineries from Brazil’

Governor Abdullahi Sule of Nasarawa State has said that currently Nigeria consumed about 1.4 to 1.6 metric tonnes of sugar, with 96 per cent imported as raw sugar from Brazil.

The governor added that the 96% imported as raw sugar from Brazil was then refined in the country’s three sugar refineries owned by

Group Business Editor

Eromosele Abiodun

Deputy Business Editor

Chinedu Eze

Comms/e-Business Editor

Emma Okonji

Asst. Editor, Energy

Emmanuel Addeh

Asst. Editor, Money Market

Nume Ekeghe

Correspondents

KayodeTokede(CapitalMarkets)

James Emejo (Finance)

Ebere Nwoji (Insurance)

Reporter Peter Uzoho (Energy)

Dangote, BUA and Golden Penny. Sule made this known when he hosted a delegation led by the Country Director, International Fund for Agricultural Development (IFAD), Mrs. Dede Ekoue, in the Government House, Lafia.

He said: “Today, Nigeria consumes roughly about 1.4 to 1.6 metric tonnes of sugar. This quantity of sugar, about 96% is imported as raw sugar from Brazil and refined at our three refineries that we have owned by Dangote, BUA and Golden Penny.

His words: “Assuming we are going to do the entire value chain in sugarcane in Nigeria for this 1.6m metric tonnes, you will create employment opportunities for nothing less than 500,000 people”.

The governor, therefore, made a case for the inclusion of sugarcane in the value chain initiative of the iFAD/FG Value Chain Development Programme (VCDP), stressing that such a move would stop importation of raw sugar from Brazil.

The Country Director of IFAD, Dede Ekoue, particularly appreciated Governor Sule for the prompt payment of the counterpart funds for the programme. According to IFAD: “We know that we attached more than 4,300 farmers. It is not only about producing raw products. It’s also about processing. We have been privileged to visit the processing centre and it is also about ensuring that we promote agriculture in a way that is also sustainable.”

offer, N83.3 billion would go into working capital to support expanding operations out of which it budgeted N68.5billion on loans to corporate, SMEs & retail.

Zenith Bank is offering 5,232,748,964 new Ordinary Shares by way of a Rights Issue at N36.00 per Share and based on a ratio of one Ordinary Share for every 6 Ordinary

Shares held by Existing Shareholders as at the Qualification Date. Fidelity Bank, another bank that has closed its offering, said it plans to invest about N66.53billion out of the N95.05billion proceeds on business and regional expansion. This is the lowest amount, among the five banks lending in the real sector.

Out of the N66.53billion, Fidelity Bank, said it is lending N9.5billion to retail business segment; N14.3billion to SME segment; N40.4 billion to the corporate & commercial segment and N2.38billion goes to investment in regional expansion.

Of the five banks reviewed, FCMB Group has the second least amount budgeted for loans to corporate, SME & retail at N84.57billion (78.22 per cent of the N108.11 billion net proceeds). According to the Group, about N38.98 billion goes into lending to the wholesale banking segment; N35.32 billion into lending to retail & SME segments and N10.27 billion to agricultural and non-oil export.

NCAA Investigates British Airways after 3 Days of Repeated Flight Delays

Chinedu Eze

The Nigeria Civil Aviation Authority (NCAA), has expressed concern over the recent pattern of late arrivals and subsequent delayed departures of British Airways flights at Nnamdi Azikiwe International Airport, Abuja, noting that for about three consecutive days, starting from August 27, 2024, the airline had been delaying flights causing

significant inconvenience to travelers.

Statement signed by the NCAA Director of Public Affairs & Consumer Protection, Michael Achimugu, the regulatory authority said it contacted BA and initiated investigation into these frequent delays to establish their root cause and take appropriate action to ensure passenger rights are protected and also prevent recurrence.

NCAA said the investigation would include intensified inspections under the NCAA/ ICAO FASAP (Foreign Aircraft Safety Assessment Programme) of all aircraft on the Nigerian route for regulatory compliance.

“The traveling public should be rest assured that the NCAA will do all within its powers to ensure their rights are protected in support of the HMA’S policy to eliminate unnecessary flight

delays,” the statement stated. But the delays and flight cancellation by BA is not limited to Abuja airport.

In June, 2024 BA failed to airlift its passengers from the Murtala Muhammed International Airports (MMIA), Lagos to London on June 26, 2024, citing faulty aircraft. The flight was cancelled after several hours of delay, as passengers waited for the flight that never took off until three days later.

Saraki Empowers over 4,000 Local Farmers in Kwara

In a bid to boost food production in Kwara state, the Abubakar Bukola Saraki Foundation has empowered over 4,000 local farmers in the Kwara north senatorial district of the State.

Speaking in Ilorin on the initiative, the North Central

As part of their key intervention initiative, Schneider Electric’s and Enactus, an international nonprofit organization, have reaffirmed their commitment to train One million students by 2025 with valuable skills and knowledge. Through the collaboration, Schneider Electric supports three key initiatives: the core programme, the battery innovation challenge, and a dedicated mentorship programme.

The Chartered Institute of Stockbrokers (CIS), has announced the signing of a Memorandum of Understanding (MoU) with the University of Maiduguri (UNIMAID).

The agreement paves the way for University of Maiduguri to offer specialised programmes in Capital Market and Securities Studies.

The MoU, aims to promote academic excellence, research, and practical skills development in the

Regional Director of the foundation, Mallam Musa Aliyu, said that, the gesture would also reduce the prices of foodstuffs in the state and thereby enhancing the socio-economic development of the state.

According to him, “This initiative will benefit 986 farmers primarily, with over 2,500 secondary beneficiaries across the Kwara North senatorial district of Kwara State.”

Commenting during the Enactus national finale competition held in Lagos, Access to Education Project Coordinator, Schneider Electric, West Africa, Funmilayo Olakitan said, 12 out of 30 tertiary institutions qualified to present their solutions across the Core Programme and Battery Innovation Challenge categories.

He said, “Schneider Electric sponsored the Battery Innovation Challenge and awarded grants to the 1st, 2nd, and 3rd place

field of capital market operations.

This collaboration, it said in a statement, will enable students to gain comprehensive knowledge and expertise, preparing them for successful careers in the capital market industry.

By the MoU, UNIMAID Business School, shall offer Capital Market and Securities Studies as a full course while the students

Aliyu, said the distribution started with beneficiaries from the Peoples Democratic Party (PDP), but has now been extended to the general farmers who are non-politicians in Kwara North.

Aliyu noted that the objectives of the empowerment project are, “to provide low-income farmers in Kwara North with inputs such as fertilizers and herbicides to improve farm produce for the 2024 farming season.

winners: The Federal University of Technology Owerri (FUTO), Benue State University, and Kaduna Polytechnic, recognizing their outstanding contributions to sustainable energy solutions. These grants will enable Enactus student teams to refine their pilot projects based on community feedback and provide access to laboratories, technical experts, and other resources necessary to advance their initiatives.”

Speaking also, Marketing

can also write CIS Diploma and Professional Examinations. Both CIS and UNIMAID shall collaborate in the area of Training, Research and Development while UNIMAD shall take advantage of CIS E-Library.

The two institutions shall collaborate to deepen Capacity building and exchange programme.

Commenting on the MoU, the 13th President and Chairman of Council of CIS, Oluropo Dada, explained

He said, “It also aims to support farmers to increase average crop yields, thereby improving food security and farmers’ incomes.”

Communications Manager, Schneider Electric, Omobolanle Omotayo, said, “by 2025, Schneider Electric aims to have a transformative impact on the lives of one million students worldwide, equipping them with the tools they need to thrive in a sustainable world.”

For the Country Director, Enactus Nigeria, Micheal Ajayi, collaboration with Schneider Electric has significantly strengthened their efforts to connect with students across the nation.

that it was an alignment of shared vision, which was consistent with the vision of both parties.

“The collaboration between CIS and University of Maiduguri, is more than just an agreement; it is a strategic alignment of our shared vision and objectives. Together, we are embarking on a journey to establish Post Graduate Programmes, Short Courses, and Professional Training in Securities and Capital Market Studies.

Igbawase Ukumba in Lafia

Kayode Tokede

Hammed Shittu in Ilorin

Oluchi Chibuzor

Brewah: Strategic Collaboration will Bridge Digital Divide, Boost Devt across W’Africa

The Chairman, West African Telecommunications Regulators Assembly (WATRA), Mr. Amara Brewah, speaks about the challenges in regulating telecommunications across West Africa, the role of the media and the need for strategic collaboration among telecoms regulators to manage the rapid pace of technological advancement. Emma Okonji presents the excerpts:

What are some of the key challenges WATRA currently faces in regulating the telecommunications industry in West Africa?

Telecommunications regulators all over the world have a very complex mandate and one of the key strategies for making their work easier and delivering more economic and welfare benefits to citizens is to collaborate at regional and global levels. On the platform of WATRA, telecommunications regulators in West Africa work together to bridge the digital divide, and manage the rapid pace of technological advancement while ensuring fair competition and consumer protection. We are far better off working together despite the differences in our diverse economic and regulatory environments of our members. There are linguistic and cultural differences across the region. Through WATRA, telecommunications regulators in West Africa strive to create frameworks that are adaptable to the unique circumstances of each country while promoting regional consistency. For instance, the challenges faced by a regulator in Sierra Leone might differ from those in Nigeria, but through collaborative frameworks, we aim to learn from each other and create solutions that are effective across the board. This is how you build bigger, wider markets that are more attractive to investors because there are similar standards and expectations that through collaborative efforts end up significantly improving the average quality of regulation in the region.

How can the media and public contribute to WATRA’s mission?

The West African Telecommunications Regulators Assembly (WATRA) has a vital message that needs to be communicated across the sub-region. The media plays a crucial role in disseminating this message to ensure people understand what WATRA stands for and what we aim to achieve. The media and the public can contribute by

raising awareness about the importance of regulatory harmonisation, advocating for digital inclusion, and participating in public consultations to provide feedback on regulatory issues. By doing so, they help ensure that WATRA’s objectives are clearly understood and supported in promoting a more integrated and informed regulatory environment.

In West Africa, we have Anglophone and Francophone regions. What is WATRA doing to include Francophone media in its mission?

In West Africa, we face the challenge of language diversity with Anglophone, Francophone, and even Lusophone countries. To effectively engage Francophone media, WATRA ensures that all communications, including key documents like our constitution, are accurately translated and clear to all linguistic groups. We continuously engage with both Anglophone and Francophone stakeholders to ensure that information is accessible and that there is no communication barrier. It is essential to keep pushing forward in this area, ensuring that the right information reaches all communities in a language that many people understand, thus fostering unity in our mission.

How does WATRA ensure that the regulations it identifies as best practices are implemented by member regulators in West Africa?

WATRA develops comprehensive regulatory frameworks that are designed to be adaptable and beneficial across the region. We aim to be a one-stop shop for regulators within the sub-region, providing benchmarking and best practices that member states can adopt. However, the implementation of these regulations ultimately depends on each country’s specific circumstances, including governmental and societal factors.

WATRA’s role is not to dictate but to suggest and guide, ensuring that the regulations we propose align with the broader goals of digital inclusion and social and economic development while allowing flexibility for national adaptation. Regulators gain a lot of knowledge and insight when they learn what’s working well in other places, especially their neighbours in West Africa.

Can you share some initiatives WATRA has embarked on to ensure internet access

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in underserved areas?

In many West African countries, underserved areas are supported by the Universal Access Development Fund (UADF). WATRA works to ensure that the frameworks guiding these funds are effective and that regulations encourage telecoms operators to serve these areas, despite the lower profit margins. We recognise that digital penetration is a priority for most governments, and WATRA plays a significant role in shaping regulations that promote service provision in these underserved regions, thereby driving broader digital inclusion. It is important to get this right as a big part of our population live in rural or underserved areas and a lot of the economic activities reside in these places. Improving access has massive economic and social benefits for national and regional economies.

How is WATRA aligning its activities with global telecommunications standards? WATRA engages in extensive benchmarking and research through its working groups to ensure that our regulatory frameworks align with global telecommunications standards. Our goal is to make WATRA a reference point not only for West African countries but also for other African nations. By adopting best practices from around the world, we aim to create regulations that are forward-looking and that position the region to compete globally in the telecommunications sector. This, not only positions West Africa for investment in telecommunications but it also helps us better leverage the enormous economic and social advantages of individuals, enterprises, including SMEs and governments at all levels using digital technologies more broadly and more efficiently.

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Brewah

The Nigeria Customs Service (NCS) has assured importers and exporters of goods and services that it has put in place trade facilitation processes that would enable them to carry out their transactions seamlessly and make Nigeria more attractive for foreign investments.

This assurance was given by the Comptroller General of NCS, Bashir Adewale Adeniyi, during the Lagos Chamber of Commerce and Industry (LCCI), “International Business Conference & Expo 2024, Invest Nigeria,” that attracted the attendance of international business people and ambassadors of Belgium, Germany, Israel, Bulgaria, Ireland

and high commissioners of India, Kenya and Bangladesh to Nigeria. Adeniyi, who was represented by the Customs Area Controller, TinCan Port Command, Comptroller Dera Nnadi, said, “the NCS is committed to facilitating international trade, reducing bureaucracy, and fostering investment in Nigeria,” adding that “through innovation, collaboration and consolidation; we are not only fulfilling our mandate but also contributing to the broader economic goals of our nation.”

He said: “Nigeria offers a wealth of investment opportunities, particularly in the non-oil sector. The NCS is committed to supporting foreign direct investments by ensuring

V Electric Motors Set to Revolutionize Automotive Industry with New Releases

V Electric Motors, a pioneering force in the Dutch automotive industry, has said that it is poised to make a significant impact in the electric vehicle (EV) market with the launch of two highly anticipated models, the V Optimatium SUV and the V1.

It said the cutting-edge electric cars will be unveiled at the V Group showroom in the prestigious 8th arrondissement of Paris in December 2025, marking a major milestone as the company continues to expand its influence across both European and African markets.

Headquartered in Amsterdam, Netherlands, V Electric Motors has built a solid reputation for innovation, sustainability, and excellence in the rapidly growing EV sector. The company also oversees renewable initiatives across Africa and Europe, including power generation, satellite communications, battery manufacturing, and the recycling and refining of renewable fuels, primarily from oil and gas by-products.

“The upcoming release of the V Optimatium SUV and the V-1 is expected to further cement V Electric Motors’ position as a leader in the industry. Both models have been designed with the latest advancements in electric vehicle technology, promising exceptional performance, range, and safety. The V Optimatium SUV is positioned as a luxury electric vehicle, while the V1 is crafted to be a high-quality, accessible option for a broader market,” it said.

that Nigeria’s import and export processes are as seamless as possible and our efforts in trade facilitation designed to make Nigeria a more attractive destination for foreign direct investment.”

He identified Authorised Economic Operator (AEO), Advanced Ruling and SAFE Framework of Standards as critical topics in trade facilitation. He described the AEO program as a key initiative that recognised businesses that meet high security and compliance standards to grant them expedited “customs clearance and other benefits in fostering a secure and efficient trade environment.”

He added: “As mentioned earlier, the advance ruling mechanism is a critical tool for reducing uncertainty in trade transactions. It provides traders with the assurance that their goods will be treated consistently by customs authorities, thereby facilitating smoother trade operations.

“Also, the NCS has adopted the SAFE Framework of Standards to secure and facilitate global trade. This framework, which is developed by the World Customs Organisation (WCO), enhances the security and efficiency of supply chains, ensuring that goods move quickly and securely across borders.”

Aiyedatiwa: Entrepreneurship Powerful Tool in Addressing Poverty

Oluchi Chibuzor

The Governor of Ondo State, Mr. Lucky Aiyedatiwa has said that entrepreneurship remains a powerful tool in addressing poverty.

He stated this in Lagos where he announced the forthcoming Global Entrepreneurship Festival to be hosted by Ondo state with the theme, “Beyond Boundaries: Poverty Eradication through Entrepreneurship.”

Entrepreneurship Festival 2024 with optimism about the impact the event would have.

According to him, “The theme of this year’s festival, Beyond Boundaries: Poverty Eradication through Entrepreneurship, resonates deeply with our mission in Ondo state. It emphasizes our collective belief that entrepreneurship can be a powerful tool in addressing poverty in every corner of the globe.

first entrepreneurship agency in Nigeria. For us as a state this festival is not just an event; it is a movement aimed at inspiring individuals and communities to harness their entrepreneurial spirit to create sustainable solutions for poverty alleviation.”

rich potential of our state. We are not shy to boast that Ondo State, Nigeria has the longest coastline in Nigeria and also the highest mineral deposited, the second largest bitumen deposit in the world to name a few.

Aiyedatiwa, noted that he looks forward to the Global

“Our dear state is big on entrepreneurship as is evident by the fact that we have the

He stressed that by hosting the initiative in the state in November 2024, remains a testament to their commitment to fostering an environment where innovation and entrepreneurship can thrive.

“We are excited to showcase the

“We do not mince words when we say our state is entrepreneurship driven and investor friendly. These and many more ways we pay attention to to demonstrate how we can contribute to the global dialogue on poverty eradication”, the governor stated.

V Electric Motors is a subsidiary of V Group BV, a company with a diversified portfolio that extends beyond the automotive industry. V Group BV has established itself as a major trading arm in Europe for Standard Ore, a leading supplier of critical minerals essential for various high-tech industries, including electric vehicle production.

Additionally, under its “Boats & Yachts by V” collection, the company offers luxury hand-welded aluminum boats and yachts as alternatives to fiberglass and carbon fiber. Prototypes of these boats are available through V distributors in France and Nigeria, with Coscharis Group serving as the official dealer.

The organisation also has a strong presence in the hospitality sector with the upcoming V Hotels and Residences and in the telecommunications and banking sectors, acting as an agent for major Visa/Mastercard facilities and producing LTE SIM cards, biometric payment cards, access control systems, and other related IT products. With satellite broadband services already established, the company plans to provide NB-5G IoT services in Nigeria starting in 2025. Having registered with the Nigerian Communications Commission (NCC), V Electric Motors is currently pursuing licensing with a view toward potential global expansion.

Speaking ahead of the event, Chairman of the Board of Directors of V Group BV, Hadi Mansour, emphasized that the unveiling is a statement of intent. He noted that the main dealer has committed to 6 outlets in the Paris area for V support and maintenance, ensuring servicing points within 15 minutes of the Champs-Élysées.

The Fintech Association of Nigeria (FintechNGR), and the Africa Fintech Network (AFN), have called for enhanced collaboration on crossborder payments and remittances.

They made the call during a recent webinar hosted by both bodies, aimed at driving innovation and collaboration within the fintech sector.

The event, themed: “Scaling Cross-Border Payments and Remittances,” brought together industry leaders to discuss the challenges and opportunities in advancing cross-border financial transactions.

The webinar, which had average of about 200 participants, featured key insights from seasoned practitioners and experts from across Africa, Hong

Emma Okonji

MoMo PSB has announced a partnership with Leadership Strategy Sustainability Business Innovation (LSSBI) Advisory to enhance financial inclusion and streamline tax payments in Ekiti, Nasarawa, and Rivers states. The collaboration introduces MoMo as the official payment platform

Kong and Singapore.

The dialogue covered the opportunities and challenges to scaling cross-border payments to boost livelihood and intra-Africa trade as well as trade between Africa and the rest of the world, leveraging the development in fintech and wider digital finance space.

Director of Advocacy and Capacity Development at AfricaNenda, Jacqualine Jumah, who spoke at the event, highlighted key trends in payment volumes across Africa. She noted that the continent has witnessed a significant surge in digital payment volumes, driven by increased mobile penetration and the adoption of fintech solutions.

Speaking about some pressing issues of fraud, data privacy, and the need for strategic partnerships

for taxpayers, enabling easy and convenient payments via the USSD code *5229#.

The partnership aims to boost compliance, drive revenue development, and promote financial autonomy for marginalised communities. Key stakeholders highlighted the significance of this collaboration in closing the financial gap and promoting economic growth.

across Africa, Country Director of Chipper Cash, Abiodun Animashaun, emphasised the critical need for robust anti-fraud measures in cross-border transactions.

He highlighted that the success of the measures relies heavily on global collaboration between the private and public sectors, stressing that the cooperation is essential for enhancing the security and efficiency of cross-border payments.

President Hong Kong Fintech Industry Association, Paul Li, addressed the challenges posed by varying privacy laws on the international transfer of data.

He noted that while technology such as Artificial Intelligence (AI) could significantly aid in fraud prevention, the infrastructure required for such solutions is often hampered

by regulatory differences. Li, called for a more unified approach at the governmental level to facilitate smoother data transfers, suggesting that mobile based solutions and blockchain technology could offer more streamlined and secure alternatives for managing digital identities.

Lead Consultant at JFourth Solutions based in Singapore, Ho Chee Wai, advocated for collaboration with established players in target markets, noting that such partnerships are crucial for easing the complexities associated with regional expansion. He emphasised that such alliances are not only beneficial for entering new markets but are also vital for accelerating the setup and operation of financial services across Africa.

With this initiative, MoMo PSB reaffirms its commitment to providing accessible and user-friendly financial services to all Nigerians, particularly the unbanked and underbanked populations. The launch of the USSD code *5229# demonstrates MoMo PSB’s dedication to expanding financial inclusion and promoting digital payments. Ekiti State officials lauded

the partnership, commenting on the convenience of using the MoMo payment platform, while emphasising its potential to increase tax compliance and benefit local communities. The collaboration is part of a broader initiative to empower citizens with financial autonomy, encourage saving, and promote responsible money management.

Arthur Eriye

Dike Onwuamaeze

Emma Okonji

L–R: President Senior Staff Association of Government Owned Companies (SSASCGOC), Comrade Akinola Bodunde; Executive Director Finance and Administration, Nigerian Ports Authority (NPA), Mrs Vivian Richard-Edet; Managing Director, NPA, Dr. Abubakar Dantsoho; President Maritime Workers Union of Nigeria (MWUN), Comrade Adewale Adeyanju and President General, SSASCGOC, Comrade Ifeanyi Mazeli during a meeting with the union leaders in Lagos…recently

Business Special

One Year of Driving Rebound of Nigeria’s Oil Industry

Nigeria’s oil industry, under the leadership of the Minister of State for petroleum Resources (Oil), Senator Heineken lokpobiri, in the past one year, has experienced significant rebounds in many areas with notable achievements recorded, writes Peter uzoho

On August 21, 2024, Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri marked his one year on the saddle. Lokpobiri, a former senator and minister of state for agriculture, began his latest national assignment upon his appointment, and subsequent inauguration in August last year by President Bola Ahmed Tinubu to head the oil segment of the nation’s petroleum ministry following the creation of a separate ministry for oil as well as for gas, by the president.

The splitting of the hitherto single ministry of petroleum into two was understandably because of the president’s vision and determination to reform, revive and optimise each of the two segments with targeted policies in order to unlock their potential and ultimately boost their contributions to the country’s economy.

Expectedly, immediately after his assumption of office and getting the necessary briefings and updates relating to his new ministry, Lokpobiri swung into action. Indeed, from day one of being in charge of the oil ministry, the Bayelsa-born minister hit the ground running.

This was because Lokpobiri already understood the enormity of the task placed on his shoulder as well as the high expectations from industry players and stakeholders, and he was determined to deliver. He met an industry that had almost lost its vigour and excitement due to years of neglect, massive under-investment, loss of investor confidence, rampant oil theft and vandalism, divestments by multinationals, corruption and general lack of favourable operating environment. These effectively led to the slump in Nigeria’s oil production to just one million barrels per day, with adverse impact on the country’s revenue earnings.

increaSed oil outPut with Sound leaderShiP

Over the last one year, the Lokpobiri effect, or better still, solution, has been felt in Nigeria’s oil production numbers since he assumed office. From a low of just one million barrels per day (bpd), the country’s oil production has now increased to 1.7 million bpd including condensates. This resulted from his conscious implementation of policies and strategies. The rise in oil production has led to increased revenue generation for the government, which is now helping in driving national economic growth and development.

However, despite the growth in oil output, the minister is not resting as he is continuously making efforts towards boosting production further by ensuring the revamping of redundant oil assets to active status. He has been in continuous engagement with the international oil companies (IOCs) and the national oil company -the Nigerian National Petroleum Company Limited (NNPCL) in resolving critical industry disputes in order to increase production to a much higher number.

Lokpobiri had led several resolutions of internal contracts feuds between joint venture partners on critical production fields. For instance, he mediated and led the resolution of the NNPC and ExxonMobil in the divestment dispute. That development is expected to pave the way for new foreign investments when the deal is finally concluded, allowing Seplat Energy to become the new operator and JV partner in the assets.

The minister has also enhanced inter-agency synergy and unified all the agencies and state oil firm under the ministry to work synergistically towards increasing crude oil production. The NNPCL, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) are now working together to achieve a common goal.

Moreover, the minister has strengthened community relations between operators and oil communities by engaging with host community stakeholders in the Niger Delta region to ensure the security of oil installations, with the ultimate aim of bringing oil theft and pipeline vandalism to the barest minimum. In particular, the minister has been having robust engagement with community leaders to effectively monitor the implementation of the three per cent Host Community Development Fund (HCDF) as provided by the Petroleum Industry Act (PIA).

Indeed, the minister has leveraged his stakeholder management prowess and experience to drive the rebounding of the oil industry being witnessed today, which is beyond the expectations of the stakeholders.

Streamlined licenSing ProceSSeS

To further boost the country’s oil production through increased investments, Lokpobiri has eliminated all bureaucratic bottlenecks in operational licensing, which had impeded investments and oil output in the past. He has ensured that nowadays, approvals are granted without favoritism. He had stated in several fora that he intended that oil business is for ‘men’ and not for ‘boys’. He had explained that the current government will not follow the past ugly pattern of awarding oil blocks to people that have no sufficient technical, financial and execution capacities as well to operate and optimise the assets after award. This, no doubt, had been the bane of Nigeria’s oil and gas industry for many decades.

tranSforming crude accounting

However, in a bid to entrench transparency and accountability during oil production operations, Lokpobiri’s oil ministry has gotten the federal government’s approval for the implementation of the Advanced Cargo System and real-time metering of all flow stations to track revenue online. This is a significant step towards curbing oil losses. This measure has been viewed by industry stakeholders as a game changer in the industry because of its capacity to engender transparency and accountability during crude oil accounting.

facilitated foreign inveStmentS

Also, Lokpobiri has facilitated several investments into the oil and gas industry by creating an attractive investment climate, providing fiscal incentives, and promoting partnerships with international oil companies.

A number of fresh investments from major industry players, including Eni, Chevron, and Schlumberger have been secured and brought into the industry through regular meetings between the minister and the IOCs. Again, he facilitated the engagement between the IOCs and the Central Bank of Nigeria (CBN), thereby initiating a channel for the multinationals to address their concerns with the apex bank regarding their investments. The oil minister has, no doubt, achieved

this through his visits and participations in international programmes where he convincingly marketed the nation’s oil and gas industry to the world.

cleared legacy BottleneckS

Similarly, the minister has ensured that bottlenecks in the ongoing divestments deals are removed so that new operators can take over the assets. In realising this, has granted ministerial consent to some of the companies wanting to divest their onshore and shallow water upstream assets to companies that are technically and financially capable. This was to meet the goal of the president in improving Nigeria’s oil production and increased revenue for the country.

At the moment, the industry is witnessing a restoration of investor confidence. More rigs are now being deployed as the industry is gradually coming back to life with new investments, new field development and more exploration activities. All these are happening because Lokpobiri has been in constant engagement with industry stakeholders and churning out policies to rekindle investor confidence in Nigeria’s oil sector.

timely aPProval of licenceS

However, unlike in the past where licences due for renewal or ready for award were delayed for too long, the oil ministry under Lokpobiri has experienced speedy and timely approval of oil prospecting licences to technically and financially capable indigenous and international companies. Again, this is all geared towards increasing production.

Similarly, the minister has never hesitated in approving extension of oil prospecting licences in line with the extant laws to enable operators continue to develop the assets to increase production and revenue generation. He is doing that while spearheading the implementation of critical reforms brought by the PIA to enhance transparency, accountability, and efficiency in the sector.

driving infraStructure develoPment

To enhance seamless production and

supply of crude oil for both domestic use and export, the minister has been Initiating projects and partnerships to develop critical infrastructure such as pipelines, storage facilities, and refineries to support the efficient operation of the sector. He has led major improvement of pipeline security and efficiency and oversaw maintenance of the Trans Niger Pipeline (TNP), thus enhancing its efficiency and security.

Promoting local refining caPacity

In the midstream space, the minister has initiated a number of measures in the last one year to revamp and expand domestic refining capacity to reduce Nigeria’s dependence on imported petroleum products and enhance country’s energy security. Under his watch, the rehabilitation of the Port Harcourt Refinery was successfully completed and waiting for resumption of refining and production of petroleum products. Lokpobiri has been on a progressive supervision and monitoring of the Warri and Kaduna refineries’ rehabilitation works towards meeting scheduled deadlines.

The minister has also been supporting private refineries such as the Dangote, Waltersmith, Edo, Aradel, Opac and other local refineries through different policy interventions including the recent order for regular crude oil supply to them in naira.

imProving downStream Sector

Moreso, the oil minister has in the past one year been churning out and implementing policies aimed at transforming the downstream sector. Specifically, he has implemented reforms and attracted investments to enhance the efficiency and transparency of the downstream sector, including petroleum product distribution and pricing mechanisms. Like the upstream sector, he has deployed his sound stakeholder management finesse in building strong partnerships and collaborations with industry stakeholders, regulatory bodies, international organisations, and other relevant entities to address challenges in the downstream sector.

Lokpobiri has established a sustainable petroleum supply and distribution chain, thus preventing scarcity of petroleum products, particularly petrol, notwithstanding pockets of shortages caused by unscrupulous elements in the supply and distribution chain.

attracting african energy Bank to nigeria

Quite remarkably, Lokpobiri successfully led Nigeria to finally obtain the hosting right for the multi-billion dollar Africa Energy Bank (AEV), a multilateral financial institution that is expected to spur greater economic growth in Nigeria and Africa through increased funding accessibility for oil and gas development projects.

Also, the minister established international partnerships between Nigeria and other countries and organisations. One of which led to the signing of a Memorandum of Understanding (MoU) with the Kingdom of Saudi Arabia for collaboration in transforming the oil sector.

In all, Lokpobiri has surpassed the expectations of the industry stakeholders as the industry now flares better than he met it.

key action PointS

However, analysts believe that despite all the remarkable achievements recorded by the minister, it is not yet time for celebration for the Nigerian oil sector, considering the country’s 37 billion barrels oil reserve and her production capacity which is put above three million bpd.

Therefore, according to them, the minister should redouble his efforts in seeing that the remaining divestment deals are concluded and that the environment is made more conducive for the local firms taking over the assets to operate optimally. He should also put in more effort to ensure that new final investment decisions (FIDs) on oil development projects are achieved in the shortest possible time.

Lokpobiri should also ask questions as to why none of the over 50 marginal fields awarded between 2021 and 2022 is yet to hit first oil with a view to tackling the challenges facing them.

Furthermore, the minister should also be concerned that about 3,000 oil wells shut in since 2020 which have the potential to add over one million bpd to Nigeria’s production are still not yet reactivated. Lastly, the war against oil theft, pipeline vandalism, and smuggling of petroleum products to neighbouring countries need to be strengthened more for better results.

Lokpobiri

At UBA Business Series, Experts List Keys for Lasting Businesses

Nume Ekeghe and Kayode Tokede

As part of activities to commemorate its 75th anniversary, the United Bank for Africa (UBA) Plc, held a special edition of its quarterly Business Series with the aim of boosting business sustainability, especially for its customers who run Medium and Small-Scale Enterprises (MSMEs).

Theme: “Built to Last: Building Generational Businesses,” veteran businessmen and Chief Executive Officers from various fields of business shared valuable insights on how SMEs can run profitable ventures that will stand the test of time.

Professionals who have run businesses for several years including Veteran Stand-up Comedian/ CEO XQZMOI Television, Atunyota Ali Akpobome (Ali Baba); Creative Photographer, Kelechi

Amadi-Obi; CEO, Diaryofakitchenlover, Omotolani Tayo-Osikoya (Chef T); and CEO, Melvin Marsh International Ltd from Kenya, Flora Mutahi, took time to explain how passion, creativity and evolution are important if businesses are to last and remain relevant in the future.

“As a business owner, you need to come up with ways to ensure that you stay on top of your game and remain relevant, this is where creativity comes in, you need to study the sector where you operate and come up with ways to bring dynamism to your business,” Ali Baba said.

On her part, Chef T advised SMEs to continue to look for ways to stand out in their businesses; “You need to figure out your differentiating factor, it is about knowing what your customers expect of you and finding a way to achieve that,” she stated.

Speaking on his winning strategies, Kelechi Amadi-Obi,

said, “My goal has always been to make an impact, first for myself and then for the client, because, I believe that your product is a function of your creativity, therefore you need to evolve.”

Flora Mutahi, who joined virtually from Kenya, admitted that indeed Africa has great potential to harness the entrepreneurial spirit that has become a revolution, and thus emphasised the need for persistence in growing a brand that lasts.

UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, who appreciated the professionals for the insightful business tips, remarked that as a thriving global financial institution with operations across 20 African countries and four business nerve centres including US, UK, France and UAE, UBA which in itself has lasted over seven decades focuses on empowering other business owners to build sustainable businesses.

Remittances: Fidelity Bank Partners Mastercard to Unveil “Fidelity Send”

Fidelity Bank Plc and Mastercard have partnered to unveil a new initiative tagged, “Fidelity Send,” to enhance swift cross-border payments and remittances in Nigeria.

The Managing Director/ Chief Executive Officer of Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, who was represented by Executive Director/Chief Risk Officer, Fidelity Bank, Mr Kevin Ugwuoke at the launch in Lagos, said that Fidelity Send would allow the bank’s customers enjoy near-instant payments.

She said that, consequently, individuals and businesses using Fidelity Bank branches and digital platforms now had access to near real-time funds delivery to over 60 countries.

She stated that customers would also save up to 20 per

cent on their transfers using the initiative. She explained that through the innovation, customers would be able to send money directly to ewallets, accounts, cards and cash pick-up.

“Today, we are one of the few banks offering a comprehensive diaspora banking suite that is tailored to meet the financial needs of Nigerians in the diaspora. Our customers have come to rely on our services for seamless international payments and remittances to their loved ones.

“As a bank, we remain committed to delighting our customers with innovative banking solutions. It is in furtherance of this commitment that we have partnered with a global market leader in the payment space -Mastercard, to develop the Fidelity Send

payment solution,” she said.

In his remark, the Divisional Head, Product Development at Fidelity Bank, Mr Osita Ede said the collaboration leveraged Mastercard’s extensive global network.

Ede stated that this was to facilitate near-real-time and costeffective outbound transactions, driving financial inclusion in the country. Commenting also, Country Manager, West Africa, Mastercard, Ms Folasade FemiLawal expressed excitement at collaborating with Fidelity Bank in introducing innovative solutions that offered greater choice, security, and flexibility to individuals and businesses in Nigeria.

Femi-Lawal said through advancements in payment technology, the companies aimed at empowering people and enhancing financial inclusion for millions in underserved communities.

Mutual BenefitTasks FG on Policy Changes to Increase Insurance Patronage

Ebere Nwoji

The Managing Director and Chief Executive Officer Mutual Benefit Assurance plc, Mr Femi Asenuga, has urged Federal Government to effect policy changes that would increase insurance uptake and re- shape public understanding of insurance.

Asenuga who made the call in his opening remarks at the one day workshop organised by the company for members of the Nigerian Association of Insurance and Pension Editors (NAIPE) in Lagos decried the persisting low insurance penetration in the country.

At the workshop was themed,

“The Role of Insurance in National Development.”

Asenuga regretted the low insurance penetration in Nigeria saying that despite the country’s high population and large demographic density, insurance patronage is still very shallow.

He therefore called for policy changes to increase insurance uptake by Nigerians.

He said, “A well-functioning insurance sector is essential for creating a stable and prosperous environment that supports sustainable development and enhances citizens’ overall quality of life.

“We are far from where we are supposed to be as a country.

Nigeria with a population of over 200 million and as the giant of Africa should not only be in theory.”

In her presentation on “The Role Of Insurance In National Development,” Head, Technical Department, Mutual Benefits Assurance Mrs. Titilayo Akinsiku, highlighted some of the roles insurance plays in national development.

Also speaking, the Managing Director of Mutual Benefits Life Assurance Limited, Mr. Biyi Ashiru-Mobolaji, affirmed the important role of insurance in national development even as he expressed concern about some bad eggs in the industry, which he said must be flushed out.

DataPro Assigns Eunisell Limited a ‘BBB+’ Rating for 2024/2025

Credit rating agency, DataPro, has awarded Eunisell Limited a long-term credit rating of ‘BBB+’ for the 2024/2025 period, according to the agency’s latest corporate rating report. The report also assigned Eunisell a short-term rating of A2, with a stable outlook.

DataPro’s analysis indicated that the A2 short-term rating reflects fair credit quality and an adequate capacity for timely payment of financial commit-

ments. The BBB+ long-term rating signifies fair financial strength, operating performance, and business profile, based on the standards set by the agency.

Oladele Adeoye, Chief Rating Officer at DataPro, noted that the rating is underpinned by Eunisell’s good liquidity, robust revenue profile, and the experienced management and board. The rating also considers a comprehensive review of all relevant qualitative and

quantitative factors.

The report highlighted Eunisell’s strong financial performance, noting that the company has maintained a positive growth trend in revenue over the past five years, from 2019 to 2023.

Eunisell is a leading chemical and specialty fluid management company, supplying key products and solutions to a wide base of customers operating in Africa.

The price of OPEC basket of twelve crudes stood at $87.33 a barrel on Monday, compared with $86.00 the previous Thursday, according to OPEC Secretariat calculations. The OPEC Reference

Crudes

following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

1st Vice President, Chartered Institute of Stockbrokers (CIS), Fiona Ahimie; Director, University of Maiduguri Business School (UMBS), Prof Mohammed Madawaki; President and Chairman of Council, CIS, Oluropo Dada; 2nd Vice President, CIS, Dr Akeem Oyewale and Registrar and Chief Executive, Josiah Akerewusi, during the signing of Memorandum of Understanding (MoU) between University of Maiduguri (UNIMAID) and CIS in Lagos...recently

Kayode Tokede

Oando Stock Price Hits All-time High, Market Value Now N827.9bn

Kayode Tokede

Oando Plc is driving momentum in the oil and gas segment of the Nigerian Exchange (NGX) as investors continue to show interest in the company that recently completed the acquisition of NAOC.

Stock price of the integrated oil and gas service rose to N76.90 per share on last trading day August 30, to bring its price to an all-time high on the floor of the NGX. The stock price this year

reached a 52-week low of N5.30 per share and has witnessed revival amid posting impressive earnings.

Due to sustained buying interest in the shares, the stock price of Oando between January and August 2024 has appreciated by N66.60 per share or 646.6 per cent from N10.30 per share when it closed in 2023.

This brings its market value Year-till-Date (YtD) gain to N827.9billion. According to THISDAY investigation, the stock

price reached N76.90 per share August 30, 2024, influenced by 93,856,895.00 volume of transactions on NGX.

The company’s market capitalisation has increased to N955.98 billion as of August ending trading activities.

Oando towards ending of August 2024 successfully completed its acquisition of Eni’s Nigerian subsidiary, Nigerian Agip Oil Company (NAOC), in a landmark deal valued at $783 million.

The agreement, finalised in a signing ceremony in London, represents a transformative moment for Nigeria’s energy sector and highlights the growing prominence of indigenous players in the industry.

The acquisition, first announced in September 2023, comes precisely a decade after Oando’s landmark $1.8 billion purchase of ConocoPhillips’ Nigerian assets. That previous transaction had significantly boosted Oando’s oil production

from approximately 4,500 barrels per day to 50,000 barrels per day.

Analysts told THISDAY that Oando acquisition taste is daring and one of its kind in the oil and gas industry.

Group Chief Executive of Oando, Mr. Wale Tinubu in a statement said, “Today’s announcement marks the culmination of a decade of determination, resilience, and vision.

“This achievement is not just a triumph for Oando but for every

indigenous energy company as we redefine our role in the Nigerian energy sector.

“Our focus now shifts to maximising the potential of these assets while supporting the nation’s production goals and exploring new opportunities in clean energy, agriculture, infrastructure, and mining.”

Oando had announced its unaudited 2023 full-year results, showing a 78.9per cent growth in revenues to N3.5 trillion from N1.99 trillion reported in 2022.

PRICES FOR SECURITIES TRADED ASOF AUGUST 29/24

WHEN MANAGEMENT OF LAGOS MOTOR BOAT CLUB VISITED SANWO-OLU...

Akpabio Greets Shettima at 58, Says He’s Trusted VP, Dedicated Democrat

Enugu governor too

Sunday Aborisade in Abuja President of the Senate, Godswill Akpabio yesterday congratulated the Vice President, Senator Kashim Shettima on his 58th birthday, describing him as a committed democrat, and supportive vice president, who has contributed immensely to the stability of the polity. Akpabio, in a congratulatory message signed by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh, said Shettima's vision for Nigeria and his extensive experience had been vital in guiding the federal government policies and initiatives.

"On behalf of the 10th Senate, my constituents and family, I extend my heartfelt congratulations to our esteemed vice president, His Excellency Kashim Shettima, as he celebrates his 58th birthday.

"As a dedicated public servant, committed democrat, trusted and supportive vice

president, you have exemplified unwavering commitment and leadership in your position, contributing significantly to the progress and stability of our nation.

"Your vision for a prosperous Nigeria, coupled with your extensive experience and insight, has been vital in guiding our government’s policies and initiatives.

LP NTC Accuses Abure of Plans to Hold Illegal Congresses to Cause Chaos in Party

Chuks Okocha in Abuja

The Labour Party National Transition Committee (LP-NTC),has accused the acting National Chairman of the party, Julius Abure, of attempting to orchestrate unlawful membership registrations, congresses, and a national convention, actions it claimed could lead to chaos and the party’s downfall.

Labour Party’s NTC gave this hint ahead of its expanded national stakeholders meeting on Thursday

in Umuahia, Abia State.

The LP-NTC has labelled Abure’s activities as akin to “political leprosy,” suggesting they were legally dubious and bound to result in a nullity.

According to a statement by LP-NTC Chairman, Comrade Abdulwaheed Omar, Abure’s manoeuvres were part of a deliberate strategy to fragment the Labour Party and prevent it from posing a significant threat in the 2027 general election.

The committee further claimed that

Abure’s aim was to create disorder and internal conflict, tearing the party apart.

The LP NTC claimed that Abure’s term as national chairman reportedly expired on June 10, 2024, and prior to this, party members suspended him in his local ward in Edo State.

The LP-NTC mentioned that the suspension was formally communicated to the Independent National Electoral Commission (INEC), which acknowledged receiving the notification.

The committee further alleged that Abure had aligned with a major ruling political party, seeking support for his planned illegal congresses and convention in exchange for future political favours, such as ministerial and senatorial positions.

The LP-NTC claimd it hasdcredible information indicating that Abure’s faction was receiving financial backing to carry out these plans.

In light of these allegations, the LPNTC, has called on law enforcement and the media to intervene.

At Igbo Day, Ohanaeze Ndigbo Decries Decades of Alleged Oppression, Sidelining

The apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has expressed dismay that the Southeast region had suffered decades of oppression, marginalisation and insecurity in Nigeria.

In a statement by the Secretary General of Ohanaeze, Mazi Okechukwu Isiguzoro, on this year's commemoration of Igbo Day, the body noted that the region had become a crucible of suffering and governance deficiencies in the country. He alleged that the ongoing marginalisation has not only been an affront to their identity but has also resulted in a profound crisis for

citizens, particularly those residing in the Igbo-speaking states and minority communities in Benue, Kogi, Cross River, Akwa Ibom, Bayelsa, Delta, and Rivers States.

"As the sacred narrative of our people unfolds, we, the esteemed leadership of Ohanaeze Ndigbo, rise in unity and profound concern to address the grievous plight confronting the Igbo nation on this year’s commemoration of Igbo Day.

"Our collective hearts are heavy with the unspeakable anguish wrought by decades of oppression, socio-political marginalisation, and insecurity that have plagued our homeland since the amalgamation of Nigeria in 1914.

"Our beloved Southeast has become a crucible of suffering, caught in the merciless grip of escalating insecurity and governance deficiencies, which have led to a lamentable deterioration of our cultural values and norms as outlined in the Ohanaeze Ndigbo Constitution".

"This ongoing marginalization has not only been an affront to our identity but has also resulted in a profound crisis for our citizens, particularly those residing in the Igbo-speaking states and minority communities in Benue, Kogi, Cross River, Akwa Ibom, Bayelsa, Delta, and Rivers States.

“Furthermore, our business

communities in the Northern and Western regions of Nigeria are facing unjust challenges that impede their livelihoods."

Ohanaeze recalled the sacrifices of Igbo forebearers and contemporaries, including the heroic women of the 1929 Aba Women’s War, the victims of the Enugu coal mine incident, and the innocent lives lost during the massacres of September 1966 and the Asaba Massacre in 1968.

The body noted: "The year 2024 Igbo Day will serve not only as a commemoration but also as a sacred moment of prayer and reflection. It is imperative that we uphold our traditional rites and honor the memories of our fallen heroes."

"Today, we celebrate not only the years of your life, but also the remarkable accomplishments you have achieved in the service to our people- as a commissioner, governor, senator and now as vice president.

“Your resilience in the face of challenges and your continued advocacy for peace, unity and development inspire us all. As you mark this special day, I wish you good health, happiness, and continued strength as you support our President, Asiwaju Bola Tinubu, to lead

with wisdom and dedication,” he stated.

Also, Governor of Enugu State, Dr. Peter Mbah, has joined other well-meaning Nigerians in congratulating Shettima, on his 58th birthday.

In a birthday message, which he personally signed, Mbah said: "I offer my warm felicitations, on behalf of the government and people of Enugu state, as you celebrate your 58th birthday. I pray that the Almighty Allah (SAW) blesses you with longevity, sound health, and wisdom in your continued service to our nation.”

Barau Admonishes Nigerian Youths to Promote Peace, Remain Focused, Innovative

Sunday Aborisade in Abuja

Deputy President of the Senate, Senator Jibrin Barau, has urged youths across the country to promote peace, remain focused and be innovative in all their activities in order to address the challenges facing the country.

He made the call when he received the APC X (Twitter) Eagle Forum's leadership at his Abuja residence, a statement by his media aide, Ismail Mudashir, stated.

Barau said the future of Nigeria rested in the hands of the youths, and as such, must prepare themselves to lead with the country’s best interests at heart.

He said great politicians like the late Malam Aminu Kano and Alhaji Abubakar Rimi, among others, were his mentors in politics, noting that the late heroes sacrificed their time, energy and resources for the development of the country.

"These leaders dedicated their lives to the development of Nigeria and it is incumbent upon us to carry forward their legacy with integrity and commitment," he said.

He emphasised the importance of constructive political engagement

and advised members of the forum to focus on promoting the achievements of the All Prograssives Congress (APC) rather than engaging in divisive rhetoric.

"You have a significant role to play in politics, especially now, you should know that you are the future leaders. The country needs you to be ready and prepared to become leaders; you should, therefore, emulate patriotic leaders who always have the country at heart.

"So, I commend you for creating this forum as it will strengthen our party and government. So, I urge you to be focused and follow the right trajectory for the betterment of the country," Barau said. In their respective remarks, the Chairman and Secretary of the forum, Ahmad Gogel and Muhammad Ibrahim Tudun Wada, commended Barau for sponsoring the bill for the establishment of the North West Development Commission (NWDC) While thanking President Bola Ahmed Tinubu for assenting the bill, they said when the commission finally takes off, it would assist in tackling the challenges facing the North West geopolitical zone.

Benjamin Nworie in Abakaliki

L-R: Commodore, Lagos Motor Boat Club, Babasola Alokolaro presenting a souvenir to Governor of Lagos State, Mr. Babajide Sanwo-Olu during a courtesy call at the Lagos House, Ikeja, on Thursday

MAIDEN GRADUATION CEREMONY OF PROFESSIONAL PRACTITIONERS...

SSANU Kicks against FG's Alleged Divisive Tactics on Negotiations of 2009 Agreements

Says 28 tertiary institutions owe arrears of 2018 minimum wage

Onyebuchi Ezigbo in Abuja

The Senior Staff Association of Nigerian Universities (SSANU), has alleged that the federal government was adopting the divide and rule style in the in its current re-negotiation of 2009 agreement with universities-based unions in the country.

The association lamented that some of her members were yet to be paid arrears of the National Minimum Wage, which was approved in 2018. It also warned that the country risked degenerating into a failed state if nothing urgent was done to pull the populace out hunger and economic woos.

In the communique issued at the end of the association's regular National Executive Council (NEC) meeting and signed by SSANU president Mohammed Ibrahim, the association said, "it views with great concern the adoption of the divide and rule style by Government in the University system."

SSANU noted that a situation,

where the federal government engaged in negotiations with one particular union while neglecting others over similar issues.

According to SSANU, such divisiveness most times set up unions on a collision course, thereby heating up the educational system.

While appreciating government's

FG Enables Economy as Vulnerable People are Empowered with 37,000 POS Machines

Kuni

Tyessi in Abuja

The federal government has begun distribution of 37,000 Point of Sale machines towards the empowerment of the vulnerable as part of moves to strengthen the Nigerian economy and cushion the effects of the high cost of living and inflation, The device is used to add up and take payments for what has been purchased amongst other money making ventures, as well as the place at which transactions take place.

The Minister of Women Affairs, Uju Kennedy- Ohanenye, who disclosed this over the weekend

remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide,” Soneye said in a brief statement.

Meanwhile, former Vice President of Nigeria, Atiku Abubakar, yesterday demanded the immediate listing of the Nigerian National Petroleum Company Limited (NNPC) on the stock exchange in line with the Petroleum Industry Act (PIA).

Atiku said this in reaction to the decision of the NNPC to hand over the Warri and Kaduna refineries to private operators who are expected to manage and operate them.

In a statement by his Media Adviser, Paul Ibe, Atiku said: “The NNPC is supposed to have been listed on the stock exchange in line with the PIA. This would make the company more profitable and

in a town hall meeting with staff of the ministry, said in the distribution of the machines which would assist in putting food on tables and in the payment of school fees for children of the poor, 30 percent of the beneficiaries would be men while 70 per cent would be given to women.

The minister, who cleared some grey areas concerning some of her pronouncements when she assumed office, said if there were no visible impact on funds collected in the name of Nigerian women, then the money would become useless to the nation.

"Our duty in the ministry is not

enhance transparency and corporate governance.

“Currently, the NNPC claims to be private, but this is only a ruse to fool the feeble-minded because it remains the Automated Teller Machine (ATM) of the federal government. Anything short of listing the NNPC on the stock exchange is nothing but a cosmetic development.”

Atiku further stated that the NNPC continues to provide a cover of political protection to the Tinubu government’s policy inconsistency on the payment of subsidy, raising questions about the independence that the PIA requires of the NNPC as a private business concern.

The Peoples Democratic Party (PDP) presidential candidate in the 2023, said previous arrangements and concessions had not worked because of a lack of transparency in the contract award process as well as the failure of the government to attract investors.

The former vice president said that

just to come and carry files around and do meetings and advocacies. Our main mission is to protect and save the lives of women and children. When it comes to children, men are part of our children and that's why our job is to save and protect the nation, as well as feed the nation.

"I want to do the right thing and the ministry is eager to join me in doing the right thing. The POS will change the lives of many vulnerable. It will give them income per day to at least put food on their taxes and pay for their children to go to school, thereby giving them a voice they didn't have before.

for such a deal to succeed at all, the Bureau of Public Enterprise (BPE) and a credible technical partner like Standard and Poor’s (S&P) must be part of the process.

Atiku added: “Former President Olusegun Obasanjo revealed recently that even Shell, one of the world’s wealthiest oil companies, rejected the offer to operate Nigeria’s refineries. This is because the NNPC has, for years, been a cesspool of endemic corruption.

“This is why over $20 billion that has been spent on the refineries in the last 20 years has led to nowhere. It is also curious that a government that is still paying petrol subsidy is trying to make its refineries profitable. Which businessman will invest in a refinery that has been programmed to operate at a loss?”

Atiku questioned the feasibility of the NNPC’s latest plan even as he pointed out that such arrangements in the past had not been profitable.

He added: “The manage and

"When I came in newly as the minister of women affairs, I made some statements that Nigerians misunderstood, when I said if monies are brought in, in the name of Nigerian women, it should be accounted for. I didn't mean coming to tell me what every dime was paid for, but for the funds to be felt in the lives of the vulnerable.

"If there are no impact, the money becomes useless to the nation. The more useless money is pumped into our nation, the more the economy cannot revive. I am not an economist, but I have an idea of what it is to buy, sell, gather and save," she added.

operate approach has not always worked. The Manitoba Hydro International, which was handed the Transmission Company (TCN) of Nigeria led to nowhere. Similarly, Global Steel Limited, which was handed the Ajaokuta Steel Company, was not able to make the facility profitable.

“The contract was questionably revoked by the Umaru Musa Yar’Adua administration, and Nigeria ended up paying Global Steel a compensation of nearly $500 million while Ajaokuta remains comatose 17 years later.”

The Waziri Adamawa advised the NNPC not to make the contract process opaque like it did with OVH last year, which was not only dubious but has still failed to boost the NNPC’s petrol sufficiency as evidenced by the months long fuel scarcity.

“In 2022, Nueoil, an unknown and newly registered company, acquired OVH and Oando filling

gesture in reconstituting the Committee for the renegotiation of the SSANU/FGN 2009 Agreement, it urged government to expedite action on inviting the Union for the renegotiation process.

Retired Abuja Judge Calls for Creation of Agency to Care of Widows’ Needs in Society

Supports 5,000 widows in 13 states, diaspora

Kuni Tyessi in Abuja

A retired Judge of the Federal Capital Territory (FCT), Abuja, Grace Eisape, has called on the federal government to create a special ministry or agency for the care of widows in Nigeria.

This was as a non-governmental organisation, Feeding All Nations Through Jesus Christ, has supported 5,000 widows globally, with operations in 13 Nigerian states, South America, North America, and South Africa.

However, Esiape has also called on state governments to pay stipends to widows, while efforts should be made to give women access to lawyers that could advocate for them against unreasonable cultural practices.

Eisape, who is the Founder of Feeding All Nations Through Jesus Christ, a nongovernmental

organisation, made the recommendations during a one-day prayer walk in Chika community along Airport Road in Abuja, and the empowerment of over 200 widows. She said, "Widows are marginalised, they are not well taken care of. Their needs are not met adequately, they hardly receive help from family members.

"It is, therefore, important that the federal government creates a special ministry or even an agency to care for the needs of widows

"We targeted hundreds of widows all over the world. This prayer walk is currently going on in Africa nations, South America and in United States of America. I advise the state governments to pay stipend to widows, it will go a long way to relive their suffering

HUGE DEBTS

stations. Barely four months later, NNPC Retail bought Nueoil and took control of all its assets, including the Oando filling stations.

“Barely eight months later, OVH turned around to take over NNPC Retail. This convoluted transaction was done in order to hide the corruption involved. If this is the approach that the NNPC wants to use in handing over its refineries to private hands, then Nigerians should not expect any positive development whatsoever,” Atiku stressed.

Also, a senior Femi Falana, yesterday expressed concerns over the ‘monumental fraud’ bedevilling fuel importation in Nigeria.

Falana, who made the observation when he was featured as a guest on Sunday’s Channels Television’s ‘Politics Today’, stated that it was irreconcilable that cars were getting lesser on Nigerian roads while the subsidy payment was increasing.

He said: “How many people have

bought a car in the last one and a half years, even second-hand cars (in Nigeria)? The point I am making is that the number of vehicles on the road has been reduced. Yet, we were told that during the days of boom, the NNPC was subsidising 68 million litres of fuel per day.

“Now that there are problems, scarcity, and poverty everywhere, no new vehicles on the road, we are still paying for 68 million litres of fuel. Whereas before this regime came on board, the Comptroller General of Customs challenged the NNPC during a Senate public hearing to pay for the amount of fuel that is said to be smuggled out of the country.”

He further alleged that the NNPC was not telling Nigerians everything it claimed to know about the smuggling of crude in the country, maintaining that smugglers need 2,000 petrol tankers to steal the volume of fuel the company claims is being smuggled.

L-R: Former Accountant General of the Federation, James Kayode Naiyeju; President and Chairman in-Council, Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN), Dr. Iliyasu Gashinbaki and Chairperson, Professional Practitioners Certification, Mrs. Movul Kondoun Shiva, during the maiden graduation ceremony of Certified Members of Professional Practitioners of the Institute held in Abuja, weekend. KINGSLEY ADEBOYE

CARING FOR THE WIDOWS…

L-R: Founder, Psychebabble Foundation, Sandra Anyahaebi; Managing Partner, Omotara Aisida and Company,Tara Aisida; Executive Director, J27 Foundation, Doyinsola Femi-Olaiya; Founder, The Vulnerable Inspiration Company, Toyin Falaiye, and Programmes Manager, WFM 91.7, Esther Alaribe, during J27 widows’ summit in Lagos… recently

APC Chieftain Faults Tertiary Admission Policy on Under 18 Candidates

Kemi Olaitan in Ibadan

A chieftain of the All Progressives Congress (APC) Ambassador Abayomi Nurain Mumuni, has enjoined President Bola Tinubu, to stop the Minister of Education, Tahir Mamman, from banning students below the age of 18 from writing West African Examinations Council (WAEC) and National Examinations Council (NECO). Mumuni, in a statement said the decision to ban students below 18 years from writing WAEC and NECO will have negative consequences. The minister had said candidates must be 18 years old before they are admitted

400 Abia Students Acquire Computer Software Skills

Emmanuel Ugwu-Nwogo in Umuahia

Following the successful training of over 400 Abia State students in computer software skills, the senator representing Abia Central, Austin Akobundu, has expressed his intention to make the district a hub for ICT and innovations.

He stated this at the weekend at the conclusion of a training programme in computer software for under 18 Abia State students sponsored by the Austin Akobundu Foundation in partnership with the Federal

Ministry of Communication and Digital Economy.

He said: “These efforts are part of my strategy to make Abia Central a viable and technologically advanced district.

“My vision is for our community to be a leader in innovation and a hub for technological advancement.”

The two-week intensive training programme targeted at secondary school students from Abia Central was held in Umuahia at the arena of Innovation Growth Hub Computers, an indigenous firm that served as the trainers.

Bauchi PDP Elects New State Officials

Segun Awofadeji in Bauchi

The new officials to run the affairs of the Peoples Democratic Party (PDP) in Bauchi State for the next four years have been elected.

They are Sama’ila Burga as Chairman; Alhaji Falalu Attah, Deputy Chairman; Bakoji Aliyu Bobo, Secretary; Danlami Garba Abubakar, Zonal Chairman, Bauchi South; Sani Muhammad Burra, Zonal Chairman, Bauchi Central, and Mustapha Mai Kwana, Zonal Chairman, Bauchi North.

Others are Hafsat Adamu, Treasurer; Garba Mundaminyo, Financial Secretary; Abdulkadir Alin Bababa, Organising Secretary; Adamu Babayo Gabarin, Publicity Secretary; Babangida Maliya,

Youth Leader; Maimuna Ahmad, Women Leader among others.

Announcing the results, the Chairman, Electoral Committee, Umar El-Gash, said all the candidates returned unopposed.

El-Gash, who described the election as orderly, called on the elected officials uphold the spirit of transparency and accountability in line with the party’s guiding principles.

Addressing the new officials, the state Governor, Bala Mohammed, who was represented by his Deputy, Muhammad Auwal Jatau, charged them to build on the achievements recorded by their predecessors to enable the PDP maintain its position as the ruling party in the state.

Minister Distributes Rice, Fertilizers to People/Farmers in Kogi

Ibrahim Oyewale in Lokoja

In line with the determination to mitigate the effect of the present economic hardship in the country, the Minister of Steel Development, Shuaibu Abubarka, has flagged off the distribution of palliatives for the people of Kogi State.

The minister disclosed this while speaking at the flag-off of the distribution of rice and fertilizers to the people in the 21 local government areas of the state yesterday in Lokoja, the state capital.

Abubarka explained that the distribution of the palliatives was part of the federal government efforts to ameliorate the suffering of the people occasioned by the removal of oil subsidy.

He pointed out that the rice and fertilizers have been shared in the 21 local government areas of the state to the masses and farmers as well. The minister, therefore, warned those saddled with one responsibility or the other not to divert the palliatives for private use or sell them, stating that it was free gifts to the people of the state.

into tertiary institutions and that the two examination bodies have been instructed not to allow underage children to write their examinations.

But Mumuni maintained that

Law Firm Threatens

Wale Igbintade

A law firm, Sovereignty Legal Practitioners, has threatened to file a class action against British Airways over the systematic inhuman treatment of Nigerian passengers using the airline.

In a pre-action letter to the

such a policy, if implemented, will have many negative impacts on the students and the society in general, adding that it will reduce access to education opportunities and

increase the rate of school dropout and thereby create more social problems in the society.

The APC chieftain stated further that such a policy

would also lead to delayed career aspirations and increase anxiety and stress among the youths, urging policymakers to balance educational standards with accessibility.

to Sue British Airways over Inhuman Treatment of Nigerians

airline dated August 30, 2024, and signed by its Principal Partner, Ife Ajayi, the law firm decried the persistent disruption of scheduled flights to Nigeria as a result of the airline’s alleged deployment of faulty and substandard aircrafts to Nigerian routes and noted

that it would file a class action against the airline if the practice is not checkmated.

The letter addressed to the Customer Relations department of the airline in London, was also forwarded to the Nigerian Aviation Ministry, Ministry of Foreign Affairs, Attorney-

General of the Federation and Minister for Justice, Secretary to the Government of the Federation, Chairman of National Assembly, British Embassy, Nigeria Civil Aviation Authority, NCAA and the Federal Airport Authority of Nigeria, FAAN.

Mass Trial of #EndBadGovernance Protesters Begins in Abuja, Kano, Other Cities

The mass trial of #EndBadGovernanceInNigeria protesters is scheduled to commence today, September 2, 2024 in Abuja, Kano, Kaduna and Borno courts.

According Sahara Reporters was quoted as saying that those detained over the #EndBadGovernance protests in Abuja would be tried in Justice Emeka Nwite’s court, while human rights lawyer, Femi Falana (SAN) will be leading a team of lawyers to defend the protesters.

Amnesty International Nigeria had said that over 2,000 protesters were arrested across the country during the 10-day protests against hunger and misgovernance tagged #EndBadGovernanceInNigeria.

It demanded the unconditional release of those arrested, insisting that instead government should begin to address the issues that led to the protests in the first place.

Specifically, Amnesty International said out of the 2,111 suspects arrested across the country, 1,403 had been arraigned in various courts.

It lamented that the suspects were ordered to be remanded in prison custody due to a lack of legal representation. It had been reported that Justice Nwite of the Federal High Court in Abuja had granted the police’s request to remand 124 protesters in custody for 60 days, pending the completion of investigations.

Anambra Guber: Chukwuma Inaugurates Campaign Council

A frontline All Progressives Congress (APC) aspirant for the 2025 gubernatorial election in Anambra State, Sir Paul Chukwuma, has formally begun the race for the number seat of the state with the inauguration of his primary election campaign council.

According to a statement, the 15-man campaign council, which

inaugurated in Abuja, comprises a stellar cast of proven political and community leaders whose influence on the political environment of Anambra State has been established over time.

“Leading the team as the DirectorGeneral is Hon. Ifeanyi Ibezi, former House of Representatives member who represented Idemili North

and South Federal Constituency in the 9th National Assembly, and Chief Uzu Okagbue who doubled as Chief of Protocol and Deputy Chief of Staff of former Governor Willie Obiano of Anambra State. Okagbue was duly appointed as the Deputy Director-General of Chukwuma’s campaign in Anambra Central senatorial zone,” the statement noted.

Inaugurating the council, Chukwuma charged the members to work hard to ensure that he emerges as the candidate of APC in the party’s coming primary election.

“My dear brothers and sisters, I want you to see your acceptance to serve in my campaign council as a call to serve Ndi Anambra.”

Edo Guber: Okpebholo Promises to Revive Ehor Fruit Juice Factory, Technical College

Adibe EmenyonuinBenin-city

The Edo State governorship candidate of the All Progressives Congress (APC), Senator Monday Okpebholo, at the weekend promised to revive the Ehor Fruit Juice Processing Plant, established by the administration of former state Governor, Lucky Igbinedion.

Okpebholo stated this at Ehor during the APC Ward-to-Ward campaign in Uhunmwode Local Government Area of the state.

The governorship candidate also promised to provide the necessary manpower and equipment needed to make the Ehor Technical College functional.

Okpebholo said the Ehor Juice Factory, when functional, would help to prevent the loss presently being experienced by the pineapple and other fruit grower in Uhunmwode and other local government areas of the state.

He said: “We are all aware that

Uhunmwode LGA is one of the highest pineapple producing local government area in Edo State if not Nigeria.

“So why can’t we then provide the factory that will buy and process the products from farmers, instead of allowing them to riot away in the farms without buyers?”

Diaspora Ijaws Celebrate Tompolo’s Contribution to Nation Building

The Ijaw People’s Association (IPA) of Great Britain and Ireland, United Kingdom, has described the Chairman of TANTITA Security Services Nigeria Limited, High Chief Government Ekpemupolo alias Tompolo as a treasure to the Ijaw nation.

According to IPA, Tompolo is

not only an astute entrepreneur and businessman, but a largehearted social transformer who had brought pride and dignity to the Ijaw nation.

IPA led by its president, Francis Akpanari and the general secretary, Benaebi Oguoko, stated these at the association’s 76th anniversary and the 2024 Ijaw Day Celebration and Awards Night held in London.

The association bestowed the prestigious lifetime award of “Izon-Ebi Dou Keme” (, a leader who wants the progress of the Ijaw nation) on Tompolo.

They also honoured him with a “Certificate of Appreciation and Recognition” for his selfless services and sustained contributions to the growth and development of the Ijaw nation. The foremost former Ijaw freedom fighter was represented at the event by Chief Macdonald Igbadiwei, a former legislator in the Bayelsa State House of Assembly.

‘APC Will Be Defeated in Any Election in Ekiti with Situation on Ground’

Gbenga Sodeinde in ado Ekiti

The immediate-past state Secretary of the Peoples Democratic Party (PDP) in Ekiti State, Funmilayo Theresa Ogun, has boasted that the All Progressives Congress (APC) will be defeated in any future election in the state in

view of the untold hardship the people have been subjected to by the APC-led government. Specifically, the PDP chieftain told members of the opposition party not to nurse the impression that defeating the ruling APC is impossible in the 2026 governorship poll.

Ogun said the party enjoys electrifying popularity, the right appeal across 177 wards and wider acceptability to abort Governor Biodun Oyebanji’s second term bid in the forthcoming election, and use same as a template for the 2027 presidential contest. Setting agenda for the

20-member Caretaker Committee set up by Iliya Damagun-led party’s National Working Committee, following the expiration of the tenure of the State working Committee, the former state Works Commissioner tasked the body to strive hard to foster unity in PDP.

Southern Monarchs Decry Killings, Violent Crimes

Emmanuel Ugwu-Nwogo in Umuahia

The Southern Nigeria Traditional Rulers Council (SNTRIC) has expressed “grave concern” over the continuing incidents of killings, kidnappings and banditry happening across Nigeria in recent times.

They noted that the spate of violent crimes should be a cause for worry to all patriotic Nigerians, and demanded an “urgent attention by the government and security agencies.”

The royal fathers made their feelings known in a statement issued by the Publicity Secretary, His Eminence, Dr. Eberechukwu Oji, Eze Aro of Arochukwu Kingdom, and made available to journalists yesterday.

The council condemned the recent shocking murder of His Royal Highness, Alhaji Isah Mohammed Bawa, the Emir of Gobir in Gwata town of Sokoto State by kidnappers.

Benue APC

While bemoaning the killing of the emir, the southern monarchs commiserated with the Government of Sokoto State, the Sultan of Sokoto, and the family of the deceased royal father over the painful loss.

“The council is worried that the unscrupulous killers do not understand that traditional rulers are the custodians of our culture and heritage, the link to our past, ancestors and nation’s history which should not be desecrated,” the Southern monarchs lamented.

SNTRIC wondered why royal fathers should become targets of the criminal elements knowing that traditional institutions do not hold any key to the national purse or receive direct government allocations.

The council, therefore called for “an immediate end to the ugly trend of kidnapping and killing of traditional rulers and other Nigerians across the country.”

On the prevailing harsh economic condition in the country, the royal fathers said they are quite aware of what Nigerians are passing through, adding that they “will continue to engage the constituted authorities to make life easy for all Nigerians.” However, the monarchs pointed out that “we need peace and unity to forge ahead and overcome these trying times.”

In order to achieve sustainable peace and stability, the council called for restraint on incessant calls for strikes and protests by diverse groups in Nigeria.

According to the traditional rulers, disruptions to economic activities would only continue to deter foreign investments in our country.

For this reason, they advised the Nigerian Labour Congress (NLC) and other groups allegedly planning another protest on October 1 to shelve the idea and embrace dialogue.

Crisis: Sule Seeks Ganduje’s Intervention

Igbawase Ukumba in Lafia

The Nasarawa State Governor, Abdullahi Sule, has sought the intervention of the National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, towards resolving the lingering crisis engulfing the party in Benue State.

Governor Sule, who is the chairman of the North Central Governors’ Forum, made this appeal when he visited the national secretariat of the party in Abuja at the weekend.

According to him, “In my capacity as chairman of the APC Governors’ Forum in the zone, I deem it necessary to seek the intervention of the father of the party in order to put to rest the lingering crisis in the party in Benue State.

“In the North Central, we have a state where there are issues here and

there. We have plenty discussions on that and we want the national chairman to also intervene, as well as the National Working Committee to intervene in order for us to resolve those issues.

“North Central has five out of six APC governors. For that reason, we need to strengthen our zone. We cannot afford to have any kind of disagreement in our zone.”

Governor Sule expressed his conviction that Ganduje, a former deputy governor and former governor has the pedigree to resolve the Benue State APC impasse.

“I have no doubt that if there is any gentleman that can work to resolve that matter is no other than Ganduje, a former deputy governor and former governor. For that reason, I came to pay my respect to the father of the party and the NWC,” he added.

Sule said he was also at the national secretariat of the party to pay respect to the national chairman, who he said deserves respect and cooperation, especially as the APC gears towards participating in the scheduled governorship election in Edo State.

“In the next couple of weeks, we have an election in Edo State. The man does not need to be distracted in any other way so that we can go and win our election in Edo. That is one of the reasons why I came to encourage him to be focused,” he stated.

Governor Sule used the opportunity of the visit to call on his APC colleague governors to endeavour to pay regular visits to the national secretariat of the party in order not to be seen as visitors in a house they all worked hard to build.

UNICEF Wants Bauchi to Implement Faecal Sludge Mgt Strategy

The United Nations Children Fund (UNICEF) has urged the Bauchi State Government to urgently and formally approve the implementation of the Faecal Sludge management strategy for the good of the citizens of the state.

This is as the state government in collaboration with UNICEF and other stakeholders in the Water, Sanitation and Hygiene sector of the state has adopted the Climate Resilient Faecal Sludge implementation strategy document, covering from 2025 to 2030.

The Climate Resilient Fecal Sludge Management (FSM) Implementation Strategy for Bauchi State is a comprehensive plan designed to operationalise the FSM while considering the challenges posed

by climate change, developed by the Bauchi State Environmental Protection Agency (BASEPA) that aims to create a sustainable and resilient FSM sectors in Bauchi State.

The one-day validation meeting of Faecal Sludge Management held at the Chartwell Hotel in Bauchi yesterday was organised by the Bauchi State Environmental Protection Agency (BASEPA ) in collaboration with the Bauchi State Rural Water Supply and Sanitation Agency(RUWASSA) with support from UNICEF and other development partners, the stakeholders validated the findings contained in the document that will serve as an operational guideline for all service providers and other stakeholders within the Faecal Sludge management value chain in the state.

Speaking during the meeting held on Friday, the Chief of Field, UNICEF Bauchi Field Office, Dr. Tushar Rane, expressed readiness to enter into partnership with the state government for effective Faecal Sludge management to promote a healthy environment, leading to the achievement of global objectives on Safely Managed Sanitation and the Sustainable Development Goals related to Water, Sanitation and Hygiene (WASH).

He also said that the event was organised by the Bauchi State Environmental Protection Agency (BASEPA) in collaboration with the Bauchi State Rural Water Supply and Sanitation Agency (RUWASSA) with support from UNICEF and other Development partners.

Sultan Foundation Donates Drugs Worth N1.7bn to Sokoto, Kebbi

A non-governmental organisation (NGO), Sultan Foundation for Peace and Development (SFPD), has donated medical consumables worth N1.7 billion for improving healthcare delivery to Sokoto and Kebbi States.

Handing over the items to the state governments, SFPD Coordinator and the Emir of Argungu, Alhaji Muhammad Mera, described the gesture as a landmark achievement aimed at enhancing people’s lives, especially the less-privileged.

Mera explained that the Foundation is a non-profit and non-governmental organisation under the leadership of Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, striving to uplift

people’s lives in different sectors.

According to him, ‘’The medicines and other medical supplies are to complement the efforts of Sokoto and Kebbi States Ministries of Health on healthcare delivery, especially for women and children.

‘’The gesture was received from MAP International, a US-based Global Health Organisation donating lifesaving medicine and health supplies to underserved communities around the world.

‘’It was facilitated by Mr. Aminu Yaro, a Nigerian, and Nell Diallo, who is a Senegalese, with financial support from the Reed Foundation.’’

Mere appreciated the Federal Government of Nigeria for waiving custom duties worth N254 million

to facilitate the importation of the donated commodities into the country.

He further urged Sokoto and Kebbi States to distribute the medicines to hospitals and clinics for the benefit of deserving patients and other beneficiaries in the state. He expressed optimism of judicious use of the items, noting that more states are expected to benefits as the present gesture was the first phase under the lined -up programme.

Responding on behalf of the Sokoto State Government, Mr Umar Attahiru, the Director-General of Sokoto State Drugs and Medical Supplies Management Agency (DMSMA), expressed appreciation to the foundation saying that it would surely argument government efforts.

Segun Awofadeji in Bauchi

Onuminya Innocent in Sokoto

ACROSS THE BOARD PRICE CUTS

N9,000 recently went up to N55,000; what other definition do you need of price fixing and gouging?

Please FCCPC, go ahead and force these traders to bring down the prices of foodstuff, consumables and all other items. My only fear is, once you let loose your enforcement agents, you cannot possibly stop at the traders because, sharp-tongued that they are, they will tell you that they also bought the goods at exorbitant prices from manufacturers and importers and also paid exorbitant fares to transporters, apart from the money they have to dish out to Local Government-sponsored touts who jump onto the road every now and then and claim to be enforcing one edict or another.

Nigerians are very good at buck passing. The traders will shout, wail and swear that it is not their fault, that your agents must go ahead and apprehend transporters. At the slightest movement of fuel prices at the pump, transporters jerked up their rates. Never mind that their overloaded trucks, trailers and tankers ripped up our roads and smashed all the railings of our bridges on their way into the river, but they doubled, tripled and quadrupled their fares and blamed it on fuel prices. The same “luxury bus” that I paid N20 fare from Sokoto to Onitsha during my NYSC days, I paid N140,000 for one day’s use within Abuja city last week. Which other price gouging is FCCPC waiting for?

When you go after transporters, they will blame fuel marketers for the cost of petrol, diesel, kerosene and cooking gas, while the fuel marketers in turn will blame international oil prices, NNPC, MDPRA, shylocks Amsterdam oil traders,

shipping companies, insurance firms, insurance brokers, port charges, Customs duties, clearing agents, freight forwarding companies, Federal Inland Revenue and its VAT office, and shylock banks that lend them the money, as well as Central Bank that fixed the high cost of premium lending. FCCPC must apprehend all of them up and down the country and beyond, otherwise the traders have a ready excuse.

While pursuing all these, FCCPC agents are certain to hear a lot of bucks being passed to airline operators. How can big trading firm executives move around the country and around the world to pursue their businesses when a one-hour Abuja to Lagos flight now costs over N100,000 when, in 1979, I paid N100 for a Nigeria Airways flight from Sokoto to Lagos, with two stop overs in Kano and Kaduna? FCCPC must kick the behinds of airline operators if we are to get some relief from high service charges.

Manufacturers, when FCCPC agents apprehend them, will heap a lot of blame on the power sector. Power companies are unpopular everywhere. During a total power blackout in New York City in 1977, the city’s first power failure since 1931, TIME magazine described Consolidated Edison, the power supplier, as “the company New Yorkers love to hate.” In Nigeria too, the Discos are very unpopular, especially after they visited us with Band A tariffs. Look, FCCPC should force the Discos to place all of us on Band F. I know however that they say it is not their fault and they will pass the buck to TCN and Gencos, which in turn will blame Nigeria Gas Company and the oil majors for the high cost and erratic

supply of gas, while the oil majors will turn around and blame pipeline vandals and oil bunkerers for saddling them with huge losses.

Before FCCPC forgets, it is not only traders, transporters, airlines, Discos and Gencos that are engaged in price gouging and fixing. After you finish with them, please come to private school operators. Some of them charge more than a million per term for a primary school pupil, apart from the ones that demand payment in foreign currency. Why should that be, when the price of chalk, blackboards, rulers and pencils is still affordable? Have their own teachers not been told that their reward is waiting for them in heaven? They want to eat double share, here and in the Hereafter?

Next, FCCPC’s agents should descend on private clinics for price gouging. They force patients to do many unnecessary tests, which are very expensive, and they turn around and say it is malaria. Back in the 1960s and early 1970s, the Dispenser in our town’s only Dispensary, Malam Umaru Dispensa, diagnosed malaria by merely looking at the patient and feeling his neck area. Are the doctors in today’s private clinics not competent enough to diagnose an illness without costly blood tests, X rays, CT scans, echo scans and even Magnetic Resonance Imaging? It is price gouging, I tell you.

GSM and Internet service providers must be visited with FCCPC’s wrath because they are responsible for a lot of our present economic misery. The White people who invented mobile phones and laptop computers collaborated with Microsoft and other software engineers to ensure that

NIGERIA AND THE ILLUSION OF GOOD GOVERNANCE

engagement. China was post Chairman Mao, during the reign of Dieng Xiaoiong and Japan under Junichiro Koizumi. In contrast, Nigeria's weak civil society continues to contribute to the persistence of poor governance.

The limitations of civil society in Nigeria are partly due to the country's socio-economic challenges, including poverty, unemployment, and inequality. These issues have made it difficult for many citizens to engage in civil society activities, as they are preoccupied with meeting their basic needs. Additionally, the government's often hostile stance towards civil society, including restrictive regulations and harassment of activists, has further weakened the sector's ability to influence governance positively.

A robust civil society is essential for fostering good governance, as it provides a platform for citizens to voice their concerns, advocate for change, and hold leaders accountable. In countries where civil society is strong, such as in many Western democracies, there is often a higher level of political accountability and better governance outcomes. In contrast, Nigeria's weak civil society has struggled to mobilize the populace effectively or to challenge the entrenched power structures that perpetuate poor governance.

Effective leadership does not occur in a vacuum; it requires strong institutional frameworks that guide and support the governance process. In Nigeria, the absence of these frameworks has resulted in unstructured and ineffective leadership. Institutions play a critical role in ensuring continuity, stability, and accountability in governance. When these structures are lacking, leadership becomes arbitrary, and the delivery of public services suffers. Without strong institutions, governance becomes a matter of personal discretion rather than a structured process to serve the public good. The absence of effective checks and balances allows for the concentration of power in the hands of a few, leading to the abuse of authority and the perpetuation of corruption. Nigeria's governance system lacks the uniform standards, benchmarks, and guardrails necessary to ensure consistent and high-quality governance. Strengthening these institutions is essential for improving governance in Nigeria, as they provide the necessary framework for ensuring that leaders are held accountable

and that public resources are managed responsibly.

Nigeria's leadership selection process is another significant barrier to good governance. A credible governance system should be meritocratic, ensuring that the most qualified individuals ascend to leadership positions. However, the political party system in Nigeria is far from meritocratic. It is dominated by cronyism and clientelism, resulting in the selection of leaders who prioritize personal gain over public service. This flawed system perpetuates a cycle of ineffective governance, as leaders selected for their loyalty rather than their competence are unlikely to deliver the kind of leadership

our entire young generations are addicted to them. They smile to their banks with hundreds of billions in profits every year, and it is hard-pressed parents that bear the brunt. Why is it that in many cities, phone thieves are ready to kill people just to snatch their phones, because it is so expensive? FCCPC should ensure that phones and other gadgets as well as phone credits and data charges are so cheap that thieves will no longer covet them.

There are two other price gougers that I do not want FCCPC to forget in its current price control effort. One of them is Yahoo boys. All the money that we are losing to traders, transporters and others, is peanuts compared to when a Yahoo boy clears all your life savings. Why won’t we get, as a consumer protection effort, a provision added in the FCCPC Act to mandate Yahoo boys to clear no more than 10% of a victim’s savings whenever they manage to hack his or her account? Don’t they believe in renewal? Even wood sellers in our villages know to cut off a tree's branch and not the whole trunk, so that the tree will regrow and they can come back next year for more.

The biggest price gougers in Nigeria today are the kidnappers. Aren’t they covered by price control efforts? From a few tens of thousands of naira that they used to demand as ransom at the beginning of the kidnapping pandemic, they shamelessly ask for billions today. Is there any inflation more than that? Just to walk out of a kidnappers’ den, not in a car but on your own feet and without shoes, to breath fresh air, a person must pay millions, much more than a round London to Sydney air fare?

resistant to public accountability, a key pillar of effective governance. In many Nigerian communities, particularly in the northern regions, there is a preference for strong, autocratic leaders, and dissent is often discouraged. This cultural disposition aligns with the ruling elite's aversion to accountability, further stifling the development of good governance practices. In such an environment, the principles of democracy—debate, dissent, and accountability—are often viewed with suspicion or outright hostility.

Moreover, the cultural acceptance of corruption and the normalization of unethical behaviour further entrench the governance deficit in Nigeria. In many communities, corrupt practices are not only tolerated but are also seen as a necessary means of survival or advancement. This creates a vicious cycle where corruption is perpetuated at all levels of society, from the grassroots to the highest echelons of power.

The country's diverse geopolitical, regional, and socio-cultural differences have produced a fragmented governance system with little uniformity in standards. While well-intentioned, policies such as the Federal Character and affirmative action have further complicated the governance landscape, creating disparities across regions and leading to uneven governance outcomes. The absence of clear standards and benchmarks allows for a wide variation in governance quality across different parts of the country, further complicating efforts to achieve good governance on a national scale.

that fosters development and progress. This flawed selection process is deeply rooted in the country's political culture, where politics is often seen as a means of personal enrichment rather than public service. Political parties, rather than serving as platforms for articulating and advancing policy ideas, are often vehicles for advancing the interests of powerful individuals or groups. This results in a political landscape where the most qualified candidates are frequently sidelined in favour of those who can mobilize financial resources or secure the backing of influential figures.

Nigeria's cultural norms and attitudes also significantly hinder good governance. These norms often create an environment

The challenge of achieving good governance in Nigeria is multifaceted, rooted in a complex interplay of high illiteracy rates, weak civil society, the absence of robust institutional frameworks, a flawed leadership selection process, anti-democratic cultural norms, and the lack of uniform governance standards. Addressing these challenges requires a comprehensive approach that includes improving education, strengthening civil society, building robust institutions, reforming the leadership selection process, promoting democratic cultural norms, and establishing clear governance standards. Only by addressing these underlying issues in a comprehensive manner can Nigeria hope to overcome its governance challenges and achieve sustainable development.

Tinubu

Eberechi Eze’s Stunner Earns Crystal Palace Draw at Chelsea

Diaz scores brace in Liverpool’s 3-0 mauling of Man Utd at Old Trafford

Eberechi Eze scored a superb equaliser as Crystal Palace drew 1-1 with Chelsea at Stamford Bridge.

The Blues, who thrashed Wolves 6-2 last week, were the better side in the first half, with Cole Palmer firing just wide and Dean Henderson saving superbly from Noni Madueke before Nicolas Jackson broke the deadlock.

The forward finished off a fast counter by Chelsea, tapping in Palmer's cross at the near post.

Palace were fortunate not to be reduced to 10 men when Will Hughes, on a booking, escaped punishment for a foul on Palmer.

And the Eagles were celebrating soon after when Eze curled a fine strike beyond Robert Sanchez in the Chelsea goal.

Sanchez did superbly to push away Daichi Kamada's stinging drive and prevent Palace taking the lead, but Jackson could have won it in stoppage time for Chelsea after going through on goal, but his shot was saved by Henderson.

The draw got Crystal Palace up and running for the season after back-to-back losses, while Chelsea have four points from their three games so far.

Elsewhere, Liverpool maintained their flawless start under new manager Arne Slot as they outclassed woeful Manchester United 3-0 at Old Trafford.

The visitors were on a different level to United in a win so comprehensive that it will bring renewed scrutiny on Slot's fellow Dutchman Erik ten Hag, who survived a summer review to win a new contract following last season's FA Cup win.

Liverpool have barely missed a beat since Slot replaced Jurgen Klopp, recording three straight Premier League wins now without conceding a goal, and this was the most impressive display so far.

Trent Alexander-Arnold had already had a goal disallowed for offside before Luis Diaz struck twice in quick succession

Team Nigeria Continues Searches for Table Tennis Medals

Despite recent setbacks in the table tennis singles events at the Paris 2024 Paralympic Games, Team Nigeria remains determined to be successful at the Games in the French capital city.

Following the exits of Faith Obazuaye, Olufemi Alabi, and Victor Farinloye, the focus will today shift to Bolawa Akingbemisilu, Isau Ogunkunle, and Christiana Alabi, who will open their quests for medals today.

Yesterday was challenging for Team Nigeria as Obazuaye was overpowered by her Chinese Taipei opponent, losing 3-0 (11-4, 11-8, 11-3) in the Women’s Class 10. Similarly, Alabi fell to his Chinese counterpart with the same 3-0 margin (11-6, 11-6, 11-7) in the Men’s Class 10.

Farinloye also faced a tough match, losing 3-0 (11-7, 11-7, 11-7) to his Croatian opponent in the Men’s Class 8.

Looking ahead to Monday (today), Paralympic debutant, Akingbemisilu, will face Brazil’s Lucas Arabian in the Men’s Class 5. Ogunkunle has a formidable challenge in Turkey’s Abdullah Ozturk in the Round of 16 while Christiana Alabi will compete against her Chilean opponent in the Women’s Class 5 Round of 16.

Despite the earlier losses, Ogunkunle remains optimistic: “I am going for total victory because we are not leaving Paris without any medal. I am sure we can still make something out of the matches that remain for us in the games,” he assured Nigerians last night.

Zenith Bank’s Basketball League First Phase Opens in Two Centres

Hostilities will begin in two cities today as the 2024 Zenith Bank Women’s Basketball League takes centre stage in Akure, Ondo State and Lafia, Nassarawa State respectively.

The Indoor Sports Hall of the Akure Township Stadium is the venue of the Atlantic Conference which has eight teams competing for honours. They Are First Bank, Delta Force, MFM, First Deep Waters, Dolphins, IGP Queens, Bayelsa Whales and Sunshine Angels.

According to the fixtures released by the Nigeria Basketball Federation, First Bank and Delta Queens will meet in the first match of the centre just as the defending champions, MFM will tango with the first Deep Waters.

Also today in Akure, Dolphins will confront IGP Queens while Bayelsa Whales engage Sunshine Angels.

In the Savanah Conference, City Hall, Shendam, Lafia is the venue for the eight other teams battling for the final slot.

Today, Air Warriors will vie for honours against Titans, Nigeria Customs will face Royal Aces, Kada Angels will clash with Plateau Rocks

just as Nassarawa Babes tango with the Nigeria Army in the final match of the day.

The first and second phases (expected to start September 22nd) will be competed for in a roundrobin format in which four teams from each of the two conferences will book tickets for the final in Lagos with eight teams fighting for the 2024 title.

The Group Managing Director of Zenith Bank, Adaora Umeoji, has charged all the participants of this year’s competition to embrace the spirit of friendliness and fair play.

“We are aware winners will emerge in the fixtures but we want all of them to uphold discipline, make friends and exhibit their talents in the next few weeks.

“It is always a delight to put smiles on the faces of our women and so far we at Zenith Bank are proud that these ladies are making Nigeria proud in continental and global tournaments,” the Zenith CEO said.

President of the Nigeria Basketball Federation, Musa Kida, only a few days ago assured stakeholders that all was set for the competition to take off without hitches.

was the culprit twice as he conceded possession, with

NPFL: Ilechukwu Disappointed with Rangers Draw with El-Kanemi

Rangers International Head Coach, Fidelis Ilechukwu, has expresssed his disappointment with the outcome of his team’s first game in their Nigeria Premier Football League (NPFL) title defence, branding it as “one of our worst games.”

The Nigerian champions began their title defence at their Nnamdi Azikiwe Stadium with a 0-0 draw against President Federation Cup holders El-Kanemi Warriors on Saturday and the former Heartland and Plateau United coach did not fail to bare his mind on the outcome.

“Today is one of the worst games we have played in this stadium and I am very sad about it because we

Vietnam player, Le Duc Phat, at the weekend defeated Indian Samarveer 2-1(21-10, 18-21 and 22-20) to claim the men's singles title of the 7th Lagos International Badminton Classics to puncture Indians dominance of 2024 edition.

Le Duc Phat victory was widely celebrated by all who graced the grand finale at the Molade Okoya Thomas Memorial hall of the Teslim Balogun Stadium, Surulere, Lagos at the weekend as it stopped India's total sweep of all the five gold medals at stake.

Indian players had won four of the gold medals at stake before the men's singles final that climaxed the grand finale. Gupta Aditya (India) and Vietnami's Nguyen Hai Dang emerged as joint 3rd place winners.

In the women’s singles, Indian Lele Shreya beat her fellow Indian teammate, Selvam Kavipriya in two straight sets, 21-11, 21-16 to take the gold while Adesokan Dorcas Joke of Nigeria and Khan Mysha Omer from the United Arab Emirates were joint 3rd place winners.

Indians dominance of the 2024

had our game plan and at times football is funny and things won’t go the way you expect it to go. I must say El-Kanemi Warriors are a good side because I know the team so well. Now we have to plan a way forward because the game has been played and it’s gone,” Ilechukwu said after the match at the weekend.

However, he recognises that they need to sit back and review their performances ahead of subsequent matches, starting with an important two-legged affair against Angola’s Sagrada Esperança in the CAF Champions League second round playoff.

Ilechukwu is now concerned with their recent form in competitive games this season which has seen them win just once in three games and drawing two, considering the standard of their opponents.

“It’s a general (team problem) thing. We have to sit down and analyse everything that happened today. (In this game) we did less than what people expected of us and even what we expected from ourselves. We won’t kill ourselves though it is a disappointing outcome but we must forge ahead.

“It is very concerning (ahead of our CAF Champions League match against Angola’s Sagrada). This same

(performance) thing happened in our last game on the continent and when things like this happen you have to realize that we have to sit down and start analyse our stats and putting heads together to find a solution especially as we have some days ahead to prepare for the next game,” Ilechukwu said. Rangers will face Sagrada Esperança in the CAF Champions League second round, first leg at home on the weekend of September 13 and 15 before heading to Angola the following weekend for the return leg with their league fixtures against Ikorodu City and Bayelsa United on Matchdays 2 and 3 in view.

S/Shetty Akshan 21-14, 21-19 in an all Indian men's double final while the pair of Nigeria's

in the women's doubles and the mixed doubles categories which were all Indian affairs too. Playing in the women's doubles, Selvam Kavipriya and Singhi Simram outclassed Khadkeda Vaishnavi and Khan Aisha 2-0 (21-11, 21-16 ) to emerge victorious while the duo of Nigeria's Adesokan Dorcas Ajoke and Ilori Aminat Olufunke claimed the joint 3rd position alongside the pair of Ibere Chinenye and Ukeh Uchechukwu Deborah. The Minister of Sports Development, Senator John Owan Enoh was represented by Mrs Nkana Mbora, Officer in charge of the Lagos Liaison office of the Federal Ministry of Sports Development President of the Badminton Federation, Barr. Francis Orbih, commended the Lagos State government, the host city and the Badminton Federation of Nigeria Partners for their support in making the 7th Lagos International Badminton Classics a reality.

just before the interval to put Liverpool in complete command. Casemiro, who endured a

first-half nightmare before being replaced,

Diaz heading home Mohamed Salah's cross at the far post after 35 minutes before sweeping in

the Egyptian's pass in front of the Stretford End seven minutes later.

Eberechi Eze (right) scored Crystal Palace’s equaliser at Stamford Bridge to share points with Chelsea

L-R Samarveer (India runner-up); Champion, Le Duc Phat (Vietnam) and third place winners, Nguyen Hai Dang (Vietnam) and Gupta Aditya (India) at the just concluded 7th Lagos International Badminton Classic in Lagos...at the weekend

duo of Amsakarunan Hariharan and Retinasabapathi Urban Kumar. Like the men's doubles where the Indians showed class, the story was the same

Lagos International badminton Classics came into fore when Krishnamurthy Roy paired with Pruthvi Panjala Vishnuvardhan Goud to defeat the duo of Ravikrishna P.

Bulus Jimkan Ifraimu and Philip Daniel shared the joint 3rd position with Indian

MISSILE

El-Rufai to Political Class

“CantheincurablediseaseofenvyamongstNigerians,particularlyamongthe membersofthepoliticalclassbecured?Personally,Idoubtit.Theemerging problemofNigeriaistheoutcomeofthecontinuouslydeterioratingcompetence, capacity,andcommitmentofthepoliticalleadership.Societiessucceedorfail dependingonthesepersonalandinstitutionalqualities" -FormerKadunaState Governor,NasirEl-Rufai,decriesenvyamongstNigeriansandthepolitical class.

MAHMUDJEGA

VIEW FROM THE GALLERY

Across the Board Price Cuts

When I first heard about it, I clapped and did a jig.

Late last week, screaming headlines in print, online and electronic media reported that the previously little heardof Federal Competition and Consumer Protection Commission [FCCPC] had given traders all over this country a one-month deadline to crash the prices of goods. The body of the story was slightly less sensational; it said the commission “granted a one-month moratorium to traders and other market stakeholders involved in exploitative pricing, urging them to reduce the prices of goods.” I was disappointed by the word “urging.” If it was only “urging,” why fix a deadline of one month? FCCPC’s newly appointed Executive Vice Chairman Mr. Tunji Bello, who announced the measure during a stakeholders’ engagement on exploitative pricing held in Abuja last Thursday, however said “the Commission would begin enforcement actions once the moratorium period ends,” which means it was more than mere “urging.”

After I finished clapping, I began to wonder: which traders is the commission

aiming it? The traders in supermarkets, plazas, old town markets, “ultra-modern markets” recently built in some cities and towns, emergency roadside markets that

often spill onto highways, large retail stores, fish markets, livestock markets, grains markets, fruit markets and stalls, small stalls, corner shops and abattoirs together must number in the millions in Nigeria. You must add here the young men and women in cities who sell GSM recharge cards, those men who hawk bush meat by the roadside, young girls in cities and towns who hawk groundnuts and other edibles, as well as the very able-bodied young men and women who collect wares from the markets or from receivers of stolen property, find out where there is traffic snarl and hawk them by darting from one vehicle to another with the agility of Olympic sprinters. Together they number in the millions. Can FCCPC enforce its order on all them? Is it not like a rainmaker trying to halt the rains in the middle of August?

FCCPC itself soon reflected on this matter and on Saturday, it issued a clarification. It said the Commission “acknowledged the concerns regarding the feasibility of the directive, given the current economic challenges, including the removal of fuel subsidies and fluctuations in the foreign exchange market.” What then is it talking

DAKUKU PETERSIDE

BENEATH THE SURFACE

about, since everyone knows that those two policy measures were directly responsible for the current run-away inflation? FCCPC said its directive “is not an attempt at price control or a mandate to crash prices arbitrarily” but “its focus is on preventing businesses from engaging in exploitative conduct such as price gouging, price fixing, the creation of barriers to entry, and all other anticompetitive and exploitative behaviors prohibited under the Federal Competition and Consumer Protection Act (FCCPA) 2018.”

Look here, FCCPC. You either want to bring down prices or you don’t want to. Why are you hiding behind big grammar, as a possible escape route to allow prices to remain at their present exorbitant level or even to increase further? What is “price gouging, price fixing and exploitative behaviour”? I used to buy a small basket of tomatoes at N1,500 at Abuja’s Area 8 market and it went up to N20,000 at a point; what evidence do you need again of price gouging, fixing and exploitative behaviour? One packet of my metformin diabetes medicine that I used to buy for

Continued on page 46

Nigeria and the Illusion of Good Governance

Good governance is universally acknowledged as a critical factor in the progress and development of any nation. In Nigeria, both the elite and the common people share this profound understanding of governance's impact on the country's trajectory. However, despite this shared understanding, these groups have a significant divide in their conception of what constitutes "good governance." For the masses, good governance is primarily about tangible improvements in living conditions—such as access to necessities, healthcare, education, and security. The elite, however, view good governance through a broader lens, encompassing systematic approaches to resolving public policy challenges. Meanwhile, technocrats and academics emphasize key principles like participation, transparency, accountability, responsiveness, equity, effectiveness, and inclusivity as the hallmarks of good governance. Despite these varied perspectives, there is a consensus across all sectors that good governance is sorely

lacking in Nigeria.

This column explores the reasons behind Nigeria's persistent struggle with good governance, even after sixty three years of independence and twenty-five years of representative democracy. The question arises: why, despite numerous opportunities for reform and change, does good governance remain elusive?

To find an answer, we might consider Joseph de Maistre's assertion that "every society gets the kind of leadership it deserves," or Jimmy Carter's observation that "a government is as good as its people." However, I argue that the root causes lie deeper than these philosophical reflections. Corruption, underdevelopment, lack of political accountability, misuse of power, insecurity, and nepotism are not the root causes but symptoms of a broader deficit in good governance.

To explore this issue further, I engaged in informal discussions with ten members of Nigeria's elite circle. Several recurring themes emerged from these conversations, offering insight into why good governance remains so elusive

in Nigeria despite regular elections and changes in leadership.

One of the fundamental reasons for Nigeria's governance challenges is the high rate of illiteracy, which is fundamentally incompatible with the demands of a functional democracy. Democracy relies on an informed citizenry that can actively participate in governance, demand accountability, and advocate for their rights. However, in Nigeria, high illiteracy levels have created a populace that cannot effectively participate in the process leading to or demand good governance. This situation has allowed the elite to maintain power with minimal resistance, perpetuating a cycle of poor governance. Without an educated and informed electorate, the necessary pressure for good governance remains absent.

Illiteracy not only weakens the citizenry’s ability to hold leaders accountable but also makes them vulnerable to manipulation by unscrupulous politicians. In many cases, illiterate voters are swayed by short-term

incentives, such as cash handouts or promises of immediate benefits, rather than assessing the long-term implications of their choices. This dynamic perpetuates a cycle of poor governance, as leaders who are elected based on populist appeals rather than merit are less likely to prioritize the common good once in office.

Another significant factor contributing to Nigeria's governance challenges is the weakness of civil society. A robust civil society is essential for fostering participatory democracy, holding leaders accountable, and ensuring that governance serves the public interest. Unfortunately, Nigeria's civil society remains fragmented and largely ineffective. High illiteracy, economic hardship, and a lack of civic consciousness exacerbate this weakness. Historical evidence suggests that strong civil societies are correlated with better governance outcomes. For instance, countries like China and Japan experienced significant improvements in governance following periods of strong civil society

Continued

FCCPC CEO, Tunji Bello