Petrol Price Hike Raises Cost of Living for Businesses, Families
Families and operators of businesses in the country have continued to decry the recent hike in petrol prices as they grapple with the escalating cost of living amid widespread discontent in the country.
The 50 percent increase in petrol price has rippled through the economy, driving up prices of essential goods and services, and exacerbating financial hardships for many.
The price hike, which came into effect early this week, has seen petrol prices soar to record highs of between N850/litre and N1,400 per litre depending on the area, adding to the already mounting pressure on household budgets.
Owing to the hardship being experienced by the citizens, the Catholic Bishop of Sokoto Dioceses, Archbishop Matthew Kukah, yesterday, called on President Bola Tinubu and the leaders
Deji
in
Dike Onwuamaeze, Sunday Ehigiator, Omolabake Fasogbon, Agnes Ekebuike in Lagos, Adedayo Akinwale in Abuja, and John Shiklam in Kaduna
Judge Delays Trump Hush Money Sentencing Until after Election
Sunday Ehigiator with agency report
A New York judge yesterday, delayed former United States President, Donald Trump's sentencing in his hush money criminal case until after the November 5 election, writing that he wants to avoid the unwarranted perception of a political motive.
Trump, the Republican nominee for president, had previously been scheduled to be sentenced on September 18. His lawyers in August had asked Justice Juan Merchan to push back his sentencing date until after the vote, citing, "naked election-interference objectives."
Manhattan District Attorney Alvin
of the All Progressives Congress (APC) to take measures to ease the sufferings of Nigerians and also reverse the petrol price hike.
Arewa Youth Consultative Forum (AYCF) also condemned the recent increase in the pump price of petrol and warned the federal government not to take Nigerians for granted.
But the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, appealed to Nigerians to be patient with Tinubu’s government, maintaining that things would soon get better.
Speaking with THISDAY, a frozen food trader and mother of two, Mrs. Arinola Olusoji, said, "I'm finding it difficult to balance my budget. The increase in petrol prices has added to my transportation costs, and I'm struggling to afford necessities like food and rent.
"We expected so much from this government, but what we are seeing now is the least we expected from Tinubu.
"You can imagine when we are having a queue from the northwest, Gbagada, to Anthony. I left my vehicle in Ikorodu to come here. You cannot imagine how much I paid to get to this place."
The situation is even more dire for low-income households, who are already struggling to survive on meager earnings.
"I don't know how I'll manage to feed my family," said Mr. Johnson Odumakin, a Lagos commercial bus driver. The price hike has taken away what little savings I had, and I'm worried about our future.
"There is no fuel to work. There is even no black market. We bought last fuel at the black market price of N7,500 for five litres.
"Passengers have been complaining that the price of transport is too high, but what choice do we have when we are buying fuel for N1,300 per litre?
"From Shonoyi to this place is N400. From Yetunde Brown to Bariga is N500, which is not supposed to be so.
ANALYSTS
Bragg, who brought the charges against Trump, is a Democrat.
According to Reuters, Merchan said he now planned to sentence Trump on November 26, unless the case would be dismissed before then.
"The imposition of sentence will be adjourned to avoid any appearance - however unwarranted - that the proceeding has been affected by or seeks to affect the approaching Presidential election in which the Defendant is a candidate," the judge wrote.
"The Court is a fair, impartial and apolitical institution," he added.
In a post on his Truth Social platform, Trump said he appreciated that Merchan noted the sentencing
"People are complaining that it is too bad. I've never seen this kind of scarcity before since my existence."
In his remarks, a petty trader, Abdullah Isah, said, "I used to buy fuel N7,000 per day. Now, I don't even have N7,000, and it finishes on time. One litre of fuel is N868. I don't know what to do. I used to enter from my house to this place N500 before, now it's N1,200.
"You can imagine. It's very terrible. Before you even see the bus, it's very scarce. I have six children, how do I cater for them when I am spending that high on transportation and fuel? How much do you make from this business?”
Also speaking, Managing Director/ Chief Executive Officer of Treasury Capital and Trust Limited, Mr. Tom Achoda, pointed out that the implications of the latest hike in the pump price of petrol and high inflationary pressure for businesses would be very significant and negative.
Achoda, who is also an economist, said that their impacts may further erode the value of Naira and reduce the purchasing power of individual consumers.
He projected that businesses were going to shut down and those that would be running would be running at negatives, which would lead to an increase in non-performing loans (NPLs).
According to him, “businesses will not be able to meet up operational costs and at the same time service their existing loans.
“The multiplier effect will be that as businesses are shutting down it will be affecting bank balance sheet because it will increase NPLs.
“All the cash flow analysis that were done by bank before approving existing loans to their customers has been overturned by current realities, especially hike in energy costs.
“Those cash flow projections were based on the realities at the time they took those loans. At that time, the
would only take place if the judge denies a pending motion by his lawyers to toss out the jury's verdict.
"This case should be rightfully terminated, as we prepare for the Most Important Election in the History of our Country," Trump wrote.
In the first-ever criminal trial of a former or current U.S. president, Trump was convicted on May 30 on 34 felony counts of falsifying business records to cover up his then-lawyer's $130,000 payment to porn star Stormy Daniels for her silence before the 2016 election about a sexual encounter she says she had with Trump a decade earlier.
Trump denied the encounter and
price of fuel was below N500 but is now above N1,000. I flew into Uyo on Wednesday and people were buying fuel in my presence for N1,3000.
“The cost of living has increased and there is no commensurable salary on the part of the workers. Even the new minimum wage has been eroded.”
Another impact on businesses, according to Achoda, was that many corporate organisations could lose the services of their skilled workers who could likely emigrate to foreign countries in search of greener pastures.
Speaking in the same vein, the Chief Executive of De-SME Facilitators Limited, Mr. Tony Chinwe, said the implications of petrol price hike for businesses would be multifaceted, very harsh and asphyxiating.
Chinwe, who was the former Group Head of SME Banking, Fidelity Bank Plc, said: “Unlike many countries where electricity is supplied from the public grid, over 90 per cent of MSMES use petrol-powered generators as a source of electricity for their machines and equipment.”
Commenting on the development, Director General, Institute of Directors Nigeria (IOD Nigeria), Mr. Dele Alimi, said the high cost of commodities would erode households’ disposable income, adding that businesses should brace up for a corresponding decrease in profit margin as a result of high running cost.
Worried that Nigeria was in dire straits, he suggested as a way out for rulers to strike a balance that would put all on the winning side.
"Unfortunately, we cannot blame oil manufacturers. Like any other business, they also sell at prevailing processing cost. They need to operate profitably to remain in business.
"Unfortunately, the government failed to plan properly for subsidy removal which is why we are here. It is disappointing that one year after fuel subsidy removal, what we see is 20 CNG buses distributed to states when ordinarily we should have mass
has vowed to appeal the verdict once he is sentenced.
A spokesperson for Bragg said, "The Manhattan D.A.'s Office stands
ready for sentencing on the new date set by the court."
In his four-page ruling, Merchan wrote that he would rule Trump's
request to overturn the conviction due to the U.S. Supreme Court's landmark decision on presidential immunity on November 12.
Naira Appreciates Marginally on Official Market
Nume Ekeghe
The naira appreciated slightly on the Nigerian Autonomous Foreign Exchange (NAFEX) yesterday, closing at N1,593.32 to a dollar, stronger than the N1,639 to a dollar it closed the previous day.
On the NAFEX window, the naira gained N45.98 to close at N1,639 to a dollar. However, the nation’s currency depreciated on the parallel market by
transit business flood major cities”, he asserted.
On his part, President, the Chartered Institute of Taxation of Nigeria (CITN), Mr. Samuel Agbeluyi decried another fuel hike at a time when Nigerians were grappling with inflation, unemployment, and a declining standard of living.
He submitted the decision would exacerbate inflationary pressures.
"Already, transportation costs have surged by approximately 50%. Businesses are struggling to stay afloat, thus the economic strain on citizens would worsen. This situation disproportionately affects low- and middle-income earners, who are already struggling to make ends meet. This, coupled with hike in electricity tariffs compounds this problem, particularly the operational cost of SMEs, which are the backbone of the Nigerian economy", he expressed.
Also speaking, the Registrar/CEO of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Babatunde Oladipo Okuneye, said recent hike in fuel price may not be unconnected to the deregulation agenda of the downstream sector of the Nigerian petroleum industry, targeting general good. He said, " We should expect a reduction in disposable household income which will also impact access to food, healthcare, education, and other household priorities. This will equally exacerbate the plight of the already agonising populace, majority of whom are reeling under the scourge of poverty."
Kukah to Tinubu, APC: Nigerians Are Hungry, Reduce Fuel Price
Bishop of Sokoto Dioceses, Bishop Matthew Kukah called on Tinubu and the leaders of the APC to reduce the price of petrol to ease the sufferings of Nigerians.
Kukah, who spoke at the formal
ADVISE FG TO EXPEND BANKS’ WINDFALL TAX ON REAL SECTOR, SUPPORT VULNERABLE PERSONS
funds to vulnerable population.
This was a consensus at the virtual Economist Conference titled "Nigeria’s Windfall Tax - Moving Beyond Concerns to Governance," organised by Proshare yesterday.
In his contribution, Group Managing Director Cowry Asset Management Limited, Johnson Chukwu said: “For us to have effective use of fiscal policy including tax policies, we need to redefine our overall economic plan. We need to use this to support the vulnerable in society who are suffering from the component of an increase in exchange rate and there is no component of this tax going to them. the government is just looking at what is in it for them and that deviates from economic growth and development.
“Tax policy is a domestic economic policy; you don’t ever copy what happens elsewhere because economic conditions differ from other jurisdictions. If we don’t have a holistic economic development plan, we are
going to use tax policies in silos, and as we try to benefit from one sector, the implications of losses or costs on other sectors may be more severe than the benefits we are gaining.
“The benefits of these earnings would be a cost to them when these loans become bad because you are going to see a major uptick in the non-performing loans of the banks because the debtors of those banks would not be able to pay back because of the shift in the exchange rate.”
Speaking further, he said: “If the primary purpose of the federal government was to maintain economic stability, to make sure the economy continues to operate effectively, what we need to do is to pass that benefit as tax holiday or some level of subsidy to those who have suffered huge exchange rate losses. with that, you will ensure that the real sector continues to grow.”
For his part, a Professor of capital market at the Nasarawa State University, Uche Uwaleke,
recommended the expected revenue be allocated to support vulnerable individuals and small businesses, given Nigeria’s significant debt burden and high debt service-to-revenue ratio.
Uwaleke, also re-echoed the need for transparency in the allocation of the estimated N3.5 trillion windfall tax revenue.
He maintained that the levy should be tied to a particular project same as future borrowing which he noted had caused a trust deficit among the citizens
He added: “People cannot pinpoint what loans are being used for that is what the trust deficit is about. I want to strongly recommend that any money we are raising especially given our huge debt burden and huge debt service-to-revenue ratio any money we are raising must be tied to specific projects.
“So, this windfall levy the government wants to get should be tied to specific projects, around N3.5
trillion is a rough estimate, and should also be tied to a particular project that should go to assisting vulnerable, individuals and small companies.
“The good news is that at the level of our committee, the fiscal committee of the federal government, we are not just recommending concerning taxes and revenues, we are making recommendations concerning spending. It is about fiscal policy which concerns spending and public debt. Our recommendations are comprehensive and by the time they are out and the government begins to implement them it is going to be a game changer.”
Also speaking, a financial analyst, Kalu Aja said: “There is a trust deficit, people do not trust the government to manage money and they have got to manage that trust. “There has to be a framework, there has to be clarity, the economy needs certainty, it needs rules to be followed so we know how to invest and know how our government is thinking about our commonwealth.”
N13 to close yesterday at N1,673/$1 compared to N1,660/$1 it exchanged on Thursday.
Daily transaction volumes saw an increase as the daily turnover increased 31.96 percent, reaching $245.17 million yesterday, compared to $185.79 million recorded on Thursday.
The highest spot rate observed yesterday was N1,665 while the lowest spot rate recorded was N1,580.
The naira had depreciated between
unveiling of the APC Progressive Institute yesterday in Abuja stressed that there was serious hunger in the land.
The clergy also urged political leaders to urgently find a way of reducing hunger and suffering of the masses in the land.
His words: “I have always said that I am not a politician but I am political. I am not a member of the APC. If Labour party invites me, I will go, if it is the PDP that invites me, I will also go. One thing I will appeal to politicians is to write your biography so that the younger generation will appreciate the mistakes you have made.
“The Institute will help the political leaders to change the rules of engagement. Once they are elected, spiritualists, ritualists will dictate their activities. I want to urge Nigerian politicians to move from marabout to scientific approach to administering the country.
“As I commend the APC for this feat and I am happy that the political leaders are here and I want to say that Nigerians are hungry. You must find a way of reducing the prices of fuel to reduce the suffering in the country.”
TINUBU: RAISING
DECISION,
Tuesday and Thursday, due to liquidity shortfall. The naira had lost around 70 percent of its value against the US currency since foreign exchange controls that had kept it artificially strong were lifted last year, Bloomberg had reported. It found a degree of stability earlier in 2024 after the central bank took steps to shore it up, including aggressively raising interest rates, but has recently been back under pressure.
AYCF Warns Against Taking Nigerians For Granted
The Arewa Youth Consultative Forum (AYCF) condemned the recent increase in pump price of petrol and warned the federal government not to take Nigerians for granted.
In a statement yesterday, in Kaduna, President General of the forum, Yerima Shettima, said, it was becoming clearer that the present government seemed to have lost touch with the reality of things in the country.
He said the current economic situation is pushing Nigerians to the wall.
Shettima, noted that it was unfortunate that the government which had earlier appealed to Nigerians not to embark on protest with the promise to make life better, only to add to their pains by suddenly increasing petrol price.
The statement called on the federal government to have a rethink on its policies and the challenges facing the country.
Continued on page 15
FUEL PRICE
takeaway from his visit to China was the commitment to replicate China’s infrastructure back home.
He said: "We want our children to be in good schools, not tattered huts and dilapidated buildings. We must make our teaching innovative and allow businesses of all kinds and sizes to flourish."
According to him: "Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.
"But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?
"What is the critical part to get us there if we cannot make hard decisions to pave the way for a country that is blessed and so talented?
"One economic action leads to another, and it is in your hands to build our nation. Mine is to provide leadership, and I am committed to doing just that."
He noted that while it was not always easy for a leader to have a national consensus on issues, he was ready to take the hard decisions to move the nation forward.
"We are focused, and I have a very good team." President Tinubu added.
The President, while describing his working visit to China as "very good and successful", also emphasised his efforts to strengthen cooperation in infrastructure, trade, finance, energy, green economy and mining during his discussions with President Xi Jinping, Premier Li Qiang and his participation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).
"What is uppermost in my mind is for you to continue representing Nigeria as good citizens, and I urge you all to be good ambassadors of our nation in China.
"We will always celebrate our diversity. We cherish it, but this diversity is our commitment to serve. If it is about service, we must be good citizens," President Tinubu stated.
He also stressed the importance of discipline and commitment to national service, citing China’s disciplined society as an example for Nigerians to follow. His words: "I cannot tell you more, except from the embassy, that China is a very disciplined society and we have to be disciplined too. Without discipline and commitment, we cannot build a nation that is respected everywhere in the world.
"We must exploit our diversity and be ready to do everything required of us within the laws of the communities that we live in and reflect a good image of our country."
Highlighting the impact of investments in China's economy, President Tinubu assured Nigerians in the Diaspora that Nigeria’s Bank of Industry (BoI) is prepared to collaborate with them to leverage opportunities back home.
"So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people. The more you want everything free, it will become more expensive and long-delayed to achieve meaningful development,’’ the President said. Earlier in his remarks, President of NIDO China, Dr Oche Barnabas, commended President Tinubu for his commitment to strengthening Nigeria-China relations, particularly in trade, investment, and people-to-people collaboration.
PRESIDENT MEETS NIDO…
WAEC, NECO: FG Makes U-turn on Candidates’ Age Limit
Kuni Tyessi in Abuja
The federal government has rescinded its decision to peg the age limit of 18 years for a candidate to sit for the National Examination Council (NECO) and West African Senior Secondary Certificate Examination (WASSCE), declaring that there is no restriction.
The government explained that it only restricted the age for sitting for the Unified Tertiary Matriculation Examination (UTME) and entry into the university to 18 years beginning from 2025, and the decision was not binding on students sitting for examinations conducted by NECO and WAEC.
Minister of State for Education, Dr. Tanko Sununu, made the clarification in Abuja yesterday during a press conference to herald the 2024 World Literacy Day with the theme: 'Promoting Multilingual Education:
Literacy for Mutual Understanding and Peace'.
He said that the minister was actually speaking on the 18 years entry age into the tertiary institutions as was practiced in the 6:3:3:4 system of education.
Sununu said it was shocking to say that a university in this country gave admission to children at ages 10, 11 and 12 years, noting that it is totally wrong.
He said, "We are not saying that there are no exceptions, we know we can have talented students that have the IQ of an adult even at age 6 and 7, but these are very few.
“There must be a rule, and the ministry is looking at developing a guideline on how to identify a talented child, so that parents don’t say we are blocking their children’s chances.
"Nobody said no child will write WAEC, NECO or any other
Minister Backs War against Touting, Extortion at Airports
Promises transparent concession process
The Minister of Aviation and Aerospace Development, Festus Keyamo, has reiterated his full support for the war against touting and extortion at Nigeria’s airports, promising maximum punishment for anyone caught in the act.
Keyamo, who assured that President Bola Tinubu-led administration would concession the major airport in a very transparent and efficient manner, made this known during the tour of new facilities installed at the E-Wing of the Murtala Muhammed International Airport (MMIA), Lagos, yesterday.
The minister while examining the new, state-of-the-art conveniences and electronic billboard warned against touts and extortion, saying the Federal Airports Authority of Nigeria (FAAN) has done so well and needed to be commended.
He eulogised the message on the billboard, which warned against touts and extortion with accompanying directives on how passengers who are harassed can notify the FAAN management.
Keyamo, therefore, urged travellers to report any infraction that borders on attempts to extort them by security operatives and others who work at the airport.
While commending work done at the airport, the minister said greater infrastructure transformation was in the offing in order to elevate Nigerian airports to compete with the best
internationally.
“Now, our first step in addressing this (extortion) issue is what you have seen here (on the billboard). So for Nigerians, please look at this. When you come into the E-Wing of the international airport in Lagos, you are going to see a sign discouraging touting, extortion and general harassment of passengers coming into Nigeria.
“There is a QR code. You must make use of it. Don't go to the media and complain that there is nobody to speak to when you are harassed by law enforcement agencies. Use the QR code, use the hotlines and make a call there and then. Don't say, oh, there was nobody, they dragged you to one corner and they took money from you. Make that call.
"Pick your phone and make that call and you will be attended to. We also encourage people to be courteous, to be respectful, and to also to obey the law enforcement agencies at the borders. But at the same time, we have also taken measures to ensure that we put a leash around our own law enforcement agencies,” he said.
Keyamo also assured travellers that harassment and extortion by security operatives will severely be punished if caught in the obnoxious act of extortion and harassment of travellers or other authorised airport users, adding that as long as they work at the airport they are under the authority of FAAN, which they should consider as their landlords.
examination unless at age 18. This is a misconception and misrepresentation of what we have said.
"We have agreed that we are going to consider it as a work-in-progress.
The National Assembly is working and we are also working," he said.
He lamented that people just picked some remarks the minister made, misinterpreted the statements
to imply that age restriction has been placed for WAEC and NECO examinations.
He added that what the ministry has been mentioning in the past was the entry age for university candidates sitting for the UTME, noting that this has been made clear several times, and this is in line with the National Policy on Education.
"The document stated that a child is expected to enter Primary School at six years, and he’s expected to spend six years in that school making it 12 years, three years each in junior and senior secondary schools, making it 18 years. That’s what is contained in the National Policy on Education document.
"This is directly or otherwise related
to the theme of this year’s World Literacy Day. The Policy further stated that a child should learn in the language of the immediate environment or mother tongue up till primary three before English language could be introduced in subsequent years. That has facilitated learning at that level because you can easily communicate.”
Again, A’Court Refuses to Disqualify Ighodalo in Edo Guber Poll
Chuks Okocha and Alex Enumah in Abuja
The Abuja Division of the Court of Appeal has again refused a request to disqualify Mr. Asue Ighodalo as candidate of the Peoples Democratic Party (PDP) in the forthcoming governorship election in Edo State.
This was as the PDP yesterday asserted that the judgement of the Court of Appeal which unanimously affirmed the eligibility of its candidate in the September 21, 2024 Edo State Governorship election, Ighodalo, is another resounding victory for the collective will and aspiration of the
people of Edo State.
The three-member panel of the appellate court in a judgement yesterday, dismissed the request by Arthur Esene and Anselm Ojezua, for lacking in merit.
Esene and Ojezua, had in the appeal marked: CA/ABJ/CV/863/2024, prayed the Court of Appeal to set aside the April 17 judgement by Justice James Omotosho of the Federal High Court, Abuja, which dismissed their suit for being statute barred.
Besides, Justice Omotosho held that the plaintiffs did not prove their claim that Ighodalo forged his voter’s card, adding that non-possession of voter’s
card did not constitute a disqualifying factor under the Constitution and the Electoral Act.
Dissatisfied, Esene and Ojezua, approached the appellate court for an order setting aside the judgement of the trial court.
But in its judgement, the appellate court determined all the five issues against the appellants, adding that the suit was not only statute barred, having been instituted outside the 14 days allowed for pre-election cases, but was also without merit.
According to Justice Hamma Barka, who delivered the lead judgement, the issue in contention was a pre-election
matter and therefore fell under the provision of Section 285(9) of the Constitution, which mandates the filing of a pre-election matter within 14 days from the date of the occurrence of the event or action complained of. He added that: "the date the appellants in this appeal became aware of the particulars the fifth respondent (Ighodalo) submitted to INEC is irrelevant for the computation of the limitation period.
“The time began to run when the fourth respondent submitted the fifth respondent’s for EC9 to INEC (the third respondent) being the 24th of March 2024 as held by the lower court.
Lagos Ranked Sixth World Best Nightlife City
Segun James
Lagos has been named 6th best city for nightlife in 2024 ahead of Rotterdam, Netherlands and Manchester, United Kingdom, amongst others.
Only the cities of Rio de Janeiro, Brazil, Manilla, Philippines, Berlin in Germany, Guadaljara, Mexico and Austin (Texas) in the United States are ahead of Lagos in the rating made public by Time Out Magazine. Time Out is a global magazine published by Time Out Group. It operates in 333 cities in 59 countries. It
started as a London-only publication in 1968.
Reacting, Commissioner for Information and Strategy, Gbenga Omotoso, said no one should be surprised at the rating, given the numerous initiatives that the Governor of Lagos State, Mr. Babajide SanwoOlu, has taken to ensure that Lagos, Nigeria’s business and financial honeypot, takes its rightful place among leading mega cities.
Nightlife is alive and doing well in Lagos - thanks to the creation of an enabling environment for tourism and entertainment, principal amongst
which is security of lives and property.
Omotoso, on his social media handles, wrote: “Lagos is the 6th best city globally in terms of quality nightlife, Time Out Magazine 2024 Outlook has said. Surprised? Not at all. Check out Governor Babajide Sanwo-Olu’s numerous initiatives to ensure that Lagos takes its rightful place among the frontline megacities. So much investment in technology, transportation, tourism and entertainment, education, security - and more. Indeed, a Greater Lagos is Rising.”
Nightlife contributes significantly to
the Lagos GDP. The Statistica Research Department on 30th January, 2024 forecast the direct contribution of Lagos to the GDP of Nigeria for 2026 at approximately 3.4 billion US dollars.
The statistics saw the GDP rose from 0.8bn dollars to 2bn in 2016 and a forecast of 3.4bn dollars for 2026. Also, Time Out, in January, adjudged Lagos as the 19th best city to visit- ahead of Dubai, Miami and several others.
Statistica Research Department is a group of over 200 experts, covering over 160 countries and 80,000 topics.
FG Set to Revive ALSCON, Says Move Will Grow Nigeria’s Economy
Emmanuel Addeh in Abuja
The federal government has announced its plan to revive the Aluminium Smelting Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, stressing that when fully operational, the company will contribute to the nation’s economy. Describing it as a significant boost
to investors’ confidence, Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, yesterday expressed confidence in the imminent revamping of the plant, according to a statement in Abuja by his spokesman, Louis Ibah. Ekpo, according to the statement, spoke when he led a Nigerian delegation that included top
officials of BFIGroup of America, the preferred bidder and core investor in the privatisation of the federal government's shares in ALSCON on a visit to the headquarters of China National Chemical Engineering Corporation (CNCEC) in Beijing. Besides, Ekpo assured that investors will reap handsome returns on their investments, restating President Bola Tinubuled government's unwavering commitment to attracting and protecting investments in the country. His assurance comes as a beacon of hope for investors who have been wary of pouring funds into the moribund facility, which has been dormant for years, the system added.
Chinedu Eze
L-R: Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Governor Umar Bago of Niger State; Governor Babajide Sanwo-Olu of Lagos State; Minister of Foreign Affairs, Amb. Yusuf Tuggar; Chairman, Nigerians in Diaspora Organisation (NIDO), China, Dr. Barnabas Oche; President Bola Tinubu, and other NIDO members in China, during a meeting with the President in Beijing…yesterday
THE PROGRESSIVE INSTITUTE UNVEILED…
L-R: Minister of State for FCT, Dr. Maryam Mahmoud Bunkure; Minister of Agriculture and Food Security, Senator Abubakar Kyari; National Chairman, All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje; Governor of Imo State, Hope Uzodimma; Secretary to the Government of the Federation (SGF), Senator George Akume and Kogi State Deputy Governor, Joel Oyibo Salifu, during the official unveiling of the Progressive Institute in Abuja… yesterday
Shettima Canvasses Stronger Ties Between FG, Traditional Institutions
Condoles Ningi emirate over passing of Emir, congratulates new monarch
Vice President Kashim Shettima, yesterday, has canvassed for stronger ties between the government at the centre and traditional institutions across the country.
He reaffirmed the commitment of the President Bola Tinubu administration to engaging royal fathers as key stakeholders in national
development and social cohesion.
Speaking during a visit to Ningi Emirate in Bauchi State, the Vice President offered condolences for the late Emir of Ningi, HRH Alhaji Yunusa Muhammed Danyaya. Shettima also congratulated the newly installed Emir, HRH Alhaji Haruna Yunusa Danyaya, who is the eldest son of the late Emir, noting that traditional “institutions are not only the custodians of our cultures, values,
and history but the very backbone of our society.”
He pointed out that traditional institutions play a crucial role in maintaining national unity, societal stability, and serve as a reminder of the nation's origins as well as offer inspiration to see the essence of our diversity.
His words: “On behalf of President Bola Ahmed Tinubu, myself, and the entire government of Nigeria,
I express our deepest condolences for the loss of an emir who left a legacy of integrity, service, and peace.
And as we congratulate you, HRH Alhaji Haruna Yunusa Danyaya, on your assumption of office, we pledge our sincerest support for your reign.
"These institutions serve as a reminder of our origins and offer inspiration to see the essence of our diversity in all that we do. The Emirate, under your late father's
stewardship, was a guiding light for many, and his contributions will not be forgotten."
Shettima praised the late Emir for his 88 years of service to the nation, recalling that "not only did he become the longest-reigning Emir in the history of Ningi, but he also served our nation in various capacities even before his enthronement."
Addressing the newly installed Emir, the Vice President pledged the federal government's support, just as he emphasised the importance of continuity in leadership.
N40,000
Per Bag Rice
Only Nigerians with NIN to Benefit as FG Begins Sale of
The federal government has said that only public servants with duly registered National Identification Number (NIN) will be allowed to purchase N40,000 per bag of 50kg rice from the sale of 30,000 metric tonnes of milled rice.
The Minister of Agriculture and Food Security, Abubakar Kyari who disclosed this while flagging off the exercise, said the move is to curb racketeering, and is part of efforts to crash the prices of food in Nigerian markets.
Kyari said the Rice will be sold strictly “one man to one bag or one woman to one bag”, said the sales of subsidised milled rice is to ameliorate the prevailing food crises
in the country.
“This food intervention can be said to be timely considering the times and challenges we are in as citizens of this great nation.
“As one of the numerous efforts of the present administration to cushion the effect of high cost of food commodities, kindly join me to applaud the immense efforts of the present administration such as the release of 42,000MT of Assorted Food Commodities (AFC) to vulnerable and the 30,000MT of milled rice which is being flagged-off for sales to Nigerians today 5th September, 2024,” Kyari said.
The minister blamed COVID-19, the Russia-Ukraine war, climate change amidst other localised factors/ challenges for the high cost of food
prices.
“This has led to increased concern and risk of food insecurity and general decline in the standard of living globally. I therefore urge us to understand that the present challenges are not peculiar to our great country,” he said.
He added that the federal government, being aware of the potential challenges associated with the sales of an important staple such as rice, at this critical period has deployed a multi-disciplinary machinery of government, as well put in place certain processes and conditions to ensure the transparency, wider reach and success of this exercise.
“This includes one man one 50kg of rice, others are the verification of intending beneficiaries using
relevant identification mediums such as the National Identification Number (NIN) and phone numbers to forestall multiple access to this food commodity by fraudulent individuals at the detriment of other citizens,” he said.
He implored citizens to cooperate with the relevant government bodies to achieve the initiative.
“Let us work together to ensure that the dream of the present administration to uphold the fundamental right to food for all Nigerians is achieved.
It is expected that with the injection of 30,000MT (1000 trucks of 30MT each of these important staples into Nigeria’s food balance sheet, it will not only crash the price of rice but also other closer food substitutes and alternatives.”
Edo Poll: We've Put Measures in Place to Minimise Circulation of Fake News
The Independent National Electoral Commission (INEC) has said that it has put measures in place to minimise circulation of false information ahead of the Edo State governorship election.
INEC National Commissioner and Chairman, Information and Voter Education Committee, Sam Olumekun, disclosed this while
addressing a press conference yesterday in Abuja. He said the engagement with media organisations was no doubt timely as preparations for the conduct of the off-cycle governorship election in Edo State, was only 14 days away.
Olumekun noted that the briefing became necessary knowing the crucial role the media play in shaping democracy. He stressed that as the fourth
estate of the realm, is not just a conveyor of information but also a vital player in the democratic process, particularly during elections.
According to him, "Your work influences public perception, informs voter decisions, and upholds the integrity of the electoral process."
The electoral body revealed that it has accredited 892 journalists to cover the Edo State governorship election.
Olumekun stated: “To put it on record, 122 organisations who applied for a total of 892 personnel were approved after careful review.
“However, this number may reduce as some organisations who applied for a specific number did not nominate up to that particular number on the portal, while some applied, got approval and for some reason did not conclude the process on our portal.”
According to him, "We stand with you as partners in progress, and our doors are always open to our traditional rulers for wisdom, guidance, and advice."
Shettima also highlighted the strong
connections between the federal government and the Ningi Emirate, mentioning several Bauchi State natives serving in the Presidency, including his ADC, N.Y Sule and Senior Special Assistant to the President on Digital Media and National Emergency (Office of the Vice President), Malam Ahmed Ishaq Ningi. Earlier, Governor Bala Mohammed of Bauchi State, thanked Vice President Shettima for visiting the state, describing him as a man of modesty and humility who stands out as a leader who respects everybody. He said, "On behalf of myself, the government, and the people of Bauchi State and Ningi Emirate, we wish to welcome you to Bauchi State. You are here as one of the leaders of this country.”
EFCC: It's Not in Our Habit to Disobey Court Orders
The Economic and Financial Crimes Commission (EFCC) has expressed surprise over a committal proceedings filed against its Chairman, Mr. Ola Olukoyede, for allegedly disobeying the orders of a Federal High Court in Bayelsa State.
The commission in a statement signed by the Head, Media and Publicity, Mr. Dele Oyewale, observed that the said judgement it was accused to have disobeyed was not brought to its notice, adding that the anti-graft agency is not in the habit of flaunting court orders.
The said order had restrained the EFCC from seizing properties belonging to Bliss Multinational Perfections Limited and Bribena, which were alleged to be proceeds of investment fraud, otherwise known as Ponzi scheme.
"The attention of the Economic and Financial Crimes Commission has been drawn to a trending report in the media that Ola Olukoyede, the Commission’s Executive Chairman risks committal to prison for alleged violation of the orders of Justice Isa H. A. Dashen of a Federal High Court sitting in Yenagoa, Bayelsa State.
"It is important to point out that the September 4, 2024 judgement
by Justice Dashen came to the commission by surprise as the EFCC was not put on notice of the judgement date.
"Denying the EFCC hearing notice was tantamount to blind-siding the commission, and by extension a denial of fair hearing in the instant case", the statement read in part. Oyewale added that the commission is taking steps to appeal the judgement, within the time allowed by law, disclosing that an earlier decision by the court in a similar case involving the same defendants is currently on appeal at the Court of Appeal in Port Harcourt.
"The commission wishes to once again reaffirm its commitment to rule of law and will not wilfully violate any court order.
"Bliss Multinational Perfection and Arch Oyinmiebi Bribena, the Chief Executive Officer of Baraza Multipurpose Cooperative Society Limited, were investigated and indicted for investment fraud in which 123 petitioners lost over N2billion to the suspects who promised them 25 percent return on investment but neither got the promised return nor recover the funds invested," the statement added.
NCS to Deploy Non-intrusive Inspection Technology to Curb Smuggling of Arms, Illicit Drugs
Linus Aleke
and
James Emejo in Abuja
The Nigeria Customs Service (NCS) has announced plans to deploy Nonintrusive Inspection Technology, as part of effort to curb the growing surge in importation of arms and ammunitions, illicit drugs and contraband merchandise, through the nation's ports. This was as over 90 per cent of the intelligence agencies comprising National Intelligence Agency (NIA), Directorate of State Services (DSS), and Defence Intelligence Agency (DIA), were conspicuously absent at the joint security press conference yesterday.
The NCS also disclosed that the first set of scanners on the trade modernisation project, manufactured by Chinese company - NORTECH Engineering Corporation Limited, are coming into Nigeria very soon. The National Public Relations Officer of Nigeria Customs Service, Abdullahi Maiwada, made this
disclosure while responding to questions during monthly press briefing organised by Office of the National Security Adviser, and hosted by Nigeria Customs Service, under the auspices of Strategic Communications Interagency Policy Committee (SCIPC), of the Security and Response Agencies. He averred that the service has
concluded arrangements to man the borders using non-intrusive inspection technology, explaining that the new technology is a thorough and comprehensive inspection strategy, which performs non-destructive testing inspection on pressure equipment completely externally, eliminating the need for vessel entry during
any phase of the inspection process. "The Controller General of Customs, Adewale Adeniyi, just came back from China and very soon the first set of scanners on that trade modernisation project are coming into Nigeria and it is manufactured by NORTECH Engineering Corporation Limited," he said.
Chuks Okocha in Abuja
Deji Elumoye in Abuja and Segun Awofadeji in Bauchi
Adedayo Akinwale in Abuja
LIONS’ CLUB PRESIDENTIAL INAUGURATION.…
Uzodimma Advocates Ideology- driven Politics to Sustain Democracy
Ganduje: Our institute will enhance APC policy capacity
The Governor of Imo State, Senator Hope Uzodimma, has canvassed an attitudinal change towards ideological politics as a means of strengthening and sustaining democracy in Nigeria. He lamented that the lack of ideology-driven politics has been the bane of Nigeria's politics, with politicians treating political parties as mere avenues to attain power. This was as the National Chairman of the All Progressives Congress (APC), Abdullahi Umar Ganduje, said the APC Progressive Institute would enhance the
policy capacity of the party, especially to enable it to provide policy advice and suggestions for the consideration of governments elected on its platform.
Uzodimma spoke in Abuja, in an address he delivered at the unveiling of the Progressive Institute, a think tank organ set up by the APC. He noted that time has come for Nigerian politicians to embrace ideological driven politics and jettison the old way of treating political parties as objects of mercantilism.
The governor condemned what he described as freestyle wrestling in politics, calling instead for "the
incubation of ideas to drive the political process."
Uzodimma who is the Chairman of Progressive Governors Forum declared, "After many years of trial and error with democracy and after the feat of 25 years of uninterrupted democratic governance, the time has come for our politics and our political parties to be driven solely by ideology."
He noted that the Progressive Institute established by APC would certainly address the question of ideology-driven politics by clearly identifying those who are truly progressives.
According to him, President Bola Ahmed Tinubu, as the leader of APC, has since his years in politics left no one in doubt as to where he stands, thus setting an example for others to follow.
Uzodimma said Tinubu and APC deserve commendation for the establishment of the institute as a think tank and resource centre not only for Nigeria but Africa.
In his address entitled, 'Sustaining Progressive Ideology As A Bedrock Of Democracy', the Imo governor expressed satisfaction with the establishment of the institute, saying it was following in
Labour Party Crisis: NLC Gives Conditions to Support Interim Committee
The Labour Party expanded stakeholders have received the support of the Political Commission of the Nigeria Labour Congress (NLC), and its National Transition Committee as the commission has given conditional support for the Peter Obi/ Governor Alex Otti-led initiative to reposition the party.
On Wednesday, the two leaders working with other stakeholders held a meeting in Umuahia, the Aba State capital, set up a 29-member interim administration for the LP with exFinance Minister, Nanedi Usman, as interim leader.
Responding to this development, the Acting Chairman of the NLC’s Political Commission, Prof. Theophilus
Ndubuaku, and the commission’s National Transition Committee headed by Comrade Abdulwahed Omar, welcomed the initiative describing it as a right step in the right direction.
Speaking Thursday night,Prof. Ndubuaku said, “Yesterday in Umuahia, the whole world, elected and status leaders of our Labour Party, from their Excellencies Peter Obi and Dr. Alex Otti to members of the House of Senate and House of Representatives, including governorship aspirants from the six geopolitical zones, publicly recognised and embraced what the NTC led by Comrade Abdulwahed Omar has been saying on rooftops since April this year.
“That Abure’s tenure has ended since June 9, 2024. This is our first collective victory and a major triumph for the Labour Party nationwide.
“Today therefore marks a new beginning and chapter for Labour Party nationwide.”
While commenting on the formation of a national caretaker committee for the party, he said, “You will recall that only the chairman and its secretary have been proposed and announced.
“It is a struggle we started from beginning to today, absolutely with our own resources and virtually without help from our elected and relevant leaders of the political class in the Labour Party.
“At the minimum, we ought to be acknowledged and consulted in the formation and appointment of the caretaker committee’s members, especially such critical officers as chairman and secretary. We were not."
Ndubuaku who claimed he was
not consulted said, “the NLC Political Commission and its NTC committee believe that the Peter Obi and Alex Otti led organisers are reasonable leaders who desire the unity, harmony and rancour-free cohesion of the party going forward.
“We are therefore optimistic that this time they will seek the NLC Political Commission’s and TUC’s opinion, give us our rightful say in the ratification of the chairmanship and secretary appointments they have announced, as well as the composition of the remaining proposed 27 members strength of the committee.”
He further said, “We also believe that if there is a need to expand the proposed National Caretaker Committee beyond their present proposed 29-member mark, they will do so.
UTM Offshore Gets FG's Licence to Construct Nigeria's First Floating LNG Plant
Peter Uzoho
UTM Offshore Limited has received the federal government's Licence to Construct (LTC), for the building of the country's first-ever floating liquefied natural gas (FLNG) facility.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the LTC to UTM Offshore at an event held yesterday in Abuja.
The facility with an estimated capacity of 2.8 million metric tons per annum, aligns with the government’s ongoing efforts to boost gas production, distribution, and utilisation under the Decade of Gas Initiative.
Speaking to journalists on the sidelines of the event, Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, who was flanked by the Chief Executive of the NMDPRA, Mr. Favouk Ahmed and Group Managing Director of UTM Offshore Limited, Mr. Julius Rone, described the milestone as a reflection of President Bola Tinubu’s vision to transform the country’s gas industry.
“Today is a significant day in the life of the Ministry of Petroleum Resources, Gas,” Ekpo declared, emphasising the importance of the FLNG project to the nation’s energy future.
"Bringing greetings from the President, who was returning from
an official trip abroad, Ekpo stated,
“I had to cut short my stay in China to come back for this very important event. I’m going to witness the handing over of licenses to UTM Energy to operate. It will take up to 2.8 million tonnes of energy. And from what the Authority Chief Executive has said, this is the first in Nigeria", Ekpo said.
The floating facility, to be constructed offshore, is seen as a critical component of Nigeria’s ambitious gas expansion plans.
Ekpo reiterated the administration’s commitment to ensuring that gas becomes a key driver of Nigeria’s economy by 2030.
“This is in line with the vision of
the President of the Federal Republic of Nigeria to improve gas production, distribution, and utilisation. And in line with the Decade of Gas Initiative, we are looking at gas driving the economy of this nation come 2030,” he said.
The minister also commended the NMDPRA for its diligence in granting the license and commended UTM leadership for spearheading the bold initiative.
“I salute NMDPRA for due diligence, and I salute my brother, the CEO of UTM, Julius Rone, for the bold step that he has taken with his team to bring to board what we are going to celebrate today,” he added.
the footsteps of Democratic Leadership Council which founded the Progressive Policy Institute in Washington DC in 1989 as a centrist democratic institution.
Uzodimma said with the coming on board of the Progressive Institute, the vision of APC for Nigeria will become clearer.
He said: "This institute represents our commitment to turning progressive concepts into real, lasting change for every Nigerian because progressive ideology goes beyond political philosophy."
He commended the management of the institute for envisioning an organisation that will attract the best of brains as well as drive the concept of good governance.
He announced that the Imo State government will encourage the institute by partnering with it on the training of the soon-to-be elected chairmen and councilors in the state.
In his remarks at the event, Ganduje,
explained that the leadership of the party took a strategic decision on September 21, 2023, to establish an independent, self-sustaining, global standard institute that could aim at being one of the best institutions in the world.
The chairman noted that it was a decision taken in pursuance of the party’s desire to professionalise its administration.
Ganduje stressed that the institute would serve as the official Policy Think Tank of the party.
He said: “As the party’s Think Tank, it shall undertake research and advise the party on the performance of policies and programmes of all APC governments and proffer advice.
“It shall provide the platform for robust discussion between the party, Nigeria’s academic community, the civil society, and the media as part of a deliberate effort to promote inclusiveness and ownership.
Fun-filled Christmas celebration awaits the people of Enugu State and vacationers as the government has awarded a contract for the upgrade of five parks in Enugu metropolis in line with Governor Peter Mbah’s campaign promise to position the South-east state as the preferred destination for business, investment, tourism, and living.
The five parks are the Edward Nnaji Park at New Haven, Ngwo Park and Eze Park at Uwani, Ejindu Park at Coal Camp and Unity Park at Independence Layout.
According to the Executive Chairman, Enugu State Tourism Board, Dame Rita Mbah, the Edward Nnaji Park will house a game arcade, bowling alley, water park, an amusement park, and an Olympic size swimming pool, among others.
On the other hand, Eze Park, Ejindu Park, and Ngwo Park will be equipped with standard football pitches, basketball court, lawn tennis court, five-a-side football pitch, among other sports like table tennis equipment.
In addition to these, the parks will be fully equipped with numerous children’s recreation and fun facilities, while Ngwo and Eze parks would also entertain horse rides and quad bike rides. Unity Park, according to the
Executive Chairman, will be fully equipped with children recreation facilities and train rides.
“The good news is not just that the contracts have been awarded, but that the five parks will be ready before Christmas to ensure that the residents and visitors to Enugu have a fulfilled Christmas.
"The annual Unity Christmas Park will be taken to another level.
“As you must have also noticed, there are surveillance cameras everywhere in Enugu based on the Command and Control security project the governor has done. We are also aware of the Distress Response Squared, a special police unit dedicated to monitoring our streets of Enugu to ensure security of lives and property. The International Conference Centre is almost ready also.
“Therefore, as Nigerians and families both at home and in the diaspora are marking their Christmas, they should make Enugu State their choice destination. Enugu is fast wearing a new look, and the government is not relenting,” Dame Mbah stressed.
It is recalled that Governor Mbah, in his manifesto ahead of the 2023 elections, made tourism development a major agenda of his administration.
Adedayo Akinwale in Abuja
Chuks Okocha in Abuja
L-R: Past District Governors (PDGs), Paul Muotolum; Mrs. Lynda Odu-Okpeseyi; Charter President, Helen Joseph, and Maurice Uti, during the formal installation of Joseph as Charter President of the Prestige Metro Lions Club under District 404-B2 Nigeria, inauguration of Board of Directors and fundraising for the 2024/2025 Lions Year, held in Abuja…recently
Cliff
Chima pays tribute to Chiedu Ugbo, the immediate past chief executive of NDPHC
HMalam Ahmed Joda, the ‘super permsec’ of the 1970s and 1980s once said, “The biggest challenge in Nigeria in my view is corruption; it is everywhere. There is no department, no ministry that can be said to be free of corruption. Nobody follows the rules anymore.” Many public officials are masters of creating a public image of chicanery and venality.
Nigeria’s long multifaceted energy sector challenges had persisted despite the availability of vast natural energy resources. Nigeria has the 7th largest natural gas reserves in the world which can be fully utilized to meet its energy needs. What was needed was the technology and investment to unlock and utilize its vast abundance of natural gas, trapped beneath its land.
What was needed is an efficient body with considerable discipline and patriotic dedication by its chief executive to put the two together and power Africa’s largest economy. The Niger Delta Power Holding Company (NDPHC) was thus established with a mandate to implement the Nigeria Integrated Power Projects (NIPP) to fast track power generation and delivery.
Chiedu Ugbo became the Chief Executive Officer of the NDPHC in 2016 when the Nigerian president first appointed him in an acting capacity in June and was confirmed as substantive in August. He is among the few public officials to serve their two terms as his tenure was renewed for another four years on August 25, 2020 which has just ended. For eight years, Chiedu Ugbo had to battle near insuperable challenges to run an efficient body, to handle its allotted gas, and provide power to avoid total collapse of the energy sector. The NDPHC under him conformed to international best practices and surmounted many herculean tasks, working to keep the system going on. He worked on well-connected and functioning gas pipeline network predicated on corresponding uninterrupted supply of gas, to be able to deliver the benefits of energy. A set of additional measures necessary to transform energy into a usable form and transport it to consumption areas, compelled him to intervene in the transmission and distribution system while yet going for alternate sources of renewable energy. Therefore massive transmission and supply lines and processing facilities were built during his tenure despite the continuing huge increase in energy consumption and inherent challenges in the power sector.
Prior to his stint at the presidency, he was engaged under the USAID Power Africa Transaction and Reform Program(PATRP) as an embedded adviser to the Nigerian Bulk Electricity Trading Plc(NBET), providing legal support on electric power agreements for different fuel sources and the related credit support documentation. Before then, he was a partner at the law firm of Benchmac & Ince, providing legal advice on Electric Power and Infrastructure Development. He also worked as a senior associate and Head of Commercial Law group at the law firm of George Ikolie & Okagbue. This outstanding executive holds a Bachelor’s degree (L.LB) and a Masters of Law (LLM) both from the University of Lagos. He also holds a Diploma in International Law Practice from the College of Law of England and Wales; a Certificate in Electricity Industry and Restructuring from the Canadian Energy Research Institute, Calgary, Canada. He also has a professional certification as a certified regulation Specialist, from the Institute for Public-Private Partnerships, Washington, D.C, U.S.A.. There has been a prevalent feeling of dissatisfaction that in the privitisation of Nigeria’s energy assets that the best investors in the field were not drawn in. Having groups with little
Saddled with a vacuous candidate and unable to articulate a serious campaign message, the APC in Edo has resorted leading opponent, Dr. Asuen Ighodalo. One incumbent, and his emergence would resultthere anything wrong with continuity and Even the Holy Book acknowledges the importance of continuity and consolidation. As we were taught by diligent priests who never disavowed the importance of education, “Paul planted, Apollo watered.” Obaseki is not perfect; no public administrator is. However, he has successfully shifted the thinking in government from “sharing” (a code word for rampant theft) to growing, effectively paving the way for unlocking economic opportunities for all.
He has numerous projects under his belt that have brought relief to the people, authored and secured the passage of policies
international industry expertise may thus have compounded attaining the nation’s energy goals. According to former Power minister Babatunde Fashola, S.A.N, “I could have started by announcing or recommending that the privitisation process should be cancelled. I know that cancellation of contracts is not a good signal to send to investors, even if it grabs the headlines, it will be for the wrong reasons. History also tells us that we have revoked, cancelled or reversed previous privitisation initiatives with refineries before and we still haven’t overcome the problem.” Chiedu Ugbo had to work within what he met on the ground; pushing through hurdles. But the NDPHC, Nigeria’s own Marshal Plan for its energy sector, under him was actively preoccupied with the optimal utilization of the existing power plants built under the NIPP despite many challenges. Ugbo, despite his intellectual fastidiousness and adherence to the application of principled rules, was very personable. As Managing Director of the NDPHC for eight years, Chiedu, as he is simply called, propelled phenomenal growth at the company, drove many reforms and projects, made invaluable marks in the generation, transmission and distribution value chains of the power sector. For a company that supplies more than 35% of Nigeria’s installed generating capacity, total darkness would have fallen across the land without the NDPHC.
Ugbo’s preference was for the time-tested official world of moderation and restraint, a legacy from the finest of Whitehall, which helps to keep a nation running smoothly where the recklessness of some with their leisurely air can so easily upturn things. Dedicated public servants like Ugbo prove themselves highly devoted, working off their shoes to make things better for the people that a Hannibal trooping through with a herd of elephants would not distract them. Well groomed through his years of service he turned out to become an effective fixer of situations, uncommonly effective and disciplined. He stabilized turbulent situations, keeping things from tipping over with the total breakdown of public power.
In his quintessential calmness, he adroitly steered the NDPHC, and his attitude was said not to be lofty to his staff; neither was he obstinate and an unrelenting snob. In the plenitude of prioritizing fairness and principled rules, he served, never showing the inclination to demand blind acquiescence; zealotry to his person was discouraged but a commitment and loyalty to service was encouraged.
Many junior public officials have to put up many times with the somewhat patronizing superiority of their bosses and do their jobs in uncongenial company with those willing to cut them down to size. Chiedu Ugbo is credited to have excelled as a fatherly boss. He was known to conform with the image of efficiency in an environment where many can be out-rightly wicked, incompetent and malevolent. He personifies the seamless integrity of the past, present and future rolled into one and for him, there was no Cromwellian impatience; he was good at doing what he was obligated to do with perseverance. His straightforward open methods, an unflamboyant way, a workhorse of great dedication with a tireless capacity for getting things done are evidence of his successful years in the NDPHC. He was far from the recklessly spending habits; far from the reckless impunity of decisions-making by impulses but showed himself solid on rational choices after deliberations with a perceptibility commitment to policy.
UGBO IS CREDITED TO HAVE EXCELLED AS A FATHERLY BOSS. HE WAS KNOWN TO CONFORM WITH THE IMAGE OF EFFICIENCY IN AN ENVIRONMENT WHERE MANY CAN BE OUT-RIGHTLY WICKED, INCOMPETENT AND MALEVOLENT
that increased the state’s ranking in education, and attracted new investments. What is wrong with bringing onboard a proven economic expert who shares this vision and hopes to build on the progress?
In 2016, we voted massively for Mr. Godwin Obaseki, introduced to us by the outgoing administration of Comrade Adams Oshiomhole. Today, we are not asking for anything different. We are simply requesting that we should not allow policy somersault or policy reversals and destabilization of the gains we have achieved over time. This is the case we are making for the candidate of the Peoples Democratic Party, Asue Ighodalo, and his running mate, Osarodion Ogie.
Those who preach change are doing so for the sake of it. They come with an illiterate candidate who has not told anyone his plan to address the issues of greatest importance to the voters. Yet they criticize continuity, a continuity based on competence, achievement, and clarity of purpose. Should change or progress be the goal? Change without
Ugbo a legal practitioner and infrastructure regulation specialist with extensive experience in advising clients on electric power and gas-to-power, sea port and other transportation modes – including sector reforms, privatization and commercialization, concessions, project development and off-take agreements has become a definitional figure in Nigeria’s energy sector.
Chima Esq. writes from Lagos
purpose is like a ship without a rudder –lost at sea.
Any party that cannot supply the credentials and quality needed, especially in these days of hopeless recessions and economic downturns, is not worthy of consideration. We have had the opportunity to appraise the incumbent government’s performance over the last seven and a half years. No single government can totally meet all the needs of its people. The critical question is whether the foundation has been laid, whether there is genuine commitment, whether there are tangible and intangible results to show, and whether that leader is really for the people and delivering the dividends of democracy. Historically, if we look at where we are coming from as a state and the expectation as a nation, the last seven years plus have shown that the government of Godwin Obaseki has excelled in terms of vision, meeting the expectation of the people, accountability, and relating with persons. He may not have met all the needs of the people, but within the available resources of
any government, I think he has a clear pass mark.
Edo State has joined Lagos State as one of the foremost states in Nigeria that other states now like to emulate in several policy choices. The decision the voter faces is whether to continue in this direction or switch lanes to another direction championed by bitter and visionless politicians. I am optimistic that the people of Edo State will not make a mistake. They understand what it means to stand for continuity. First, it shows appreciation for the good works of the Governor over the last seven and a half years. Secondly, it encourages others to do well. The entire world is currently facing an economic crisis, and the Nigerian economy is not immune. This is the time we need individuals who can stand up, understand the economy, and move whatever segment of society they lead. I am convinced that continuity is the way out.
Mayaki, a Journalist, Historian and Diplomat, is a communication, culture and media expert
Rethinking ‘Odeshi’ and Use of ‘Bulletproof Charm’
The recent arrest of a ‘native doctor’ for killing a client while testing a bulletproof charm should serve as some food for thought for Nigerians. This incident should make believers, users and dispensers of so-called, odeshi or anti-bullet and machete cut charm rethink and reexamine their magical thoughts. But will they do so? According to the report, the police arrested this odeshi specialist for killing a young man State. There have been similar incidents in the past. It is either the native doctor or the client is killed or is seriously wounded while testing the odeshi charm. Unfortunately, the belief in the potency of bulletproof charm is pervasive among educated and uneducated Nigerians. Many native doctors and traditional healers openly and publicly advertise; they claim to have the ability and know-how to prepare and produce such charms. These charlatans charge exorbitant fees; they sometimes compel their clients to indulge in risky ventures including ritual murder and attacks in the quest for required materials for the charms. Many police and military officers believe in odeshi, and use these bulletproof charms as a part of their ‘arms’, of traditional fortification. Many people believe daredevil-arm robbers use these charms to deflate gunshots or to escape unhurt when they are shot at.
But how many times would these tragic incidents occur, a native doctor or a client testing odeshi is killed or wounded before Nigerians would learn a lesson? How many odeshi clients would be murdered before Nigerians realize that odeshi is a figment of the mind, a form of superstition, a dangerous one, without any basis in reason, or reality?
Look, there is no evidence for the potency of odeshi as Nigerians popularly believe. None. There has not been any instance where the efficacy of a bulletproof charm has been proven or demonstrated. None. The potency claim for Odeshi is based on ignorance, hearsay, unverified allusions, and cock and bull stories. Nigerians should wake up from their superstitious slumber and do away with this absurd belief that is costing lives. They should know that if the so-called odeshi were potent and effective as believed, the Nigerian government would procure it to protect
its police and military officers. The government would not be wasting resources buying or importing bulletproof vests and cars for state and security officers. The state would not waste money buying and maintaining armored tanks and other vehicles
At a seminar for navy officers in Osun State last year, I clarified that the Odeshi claim was baseless, and would make them take risks that could end their lives and career. Some of the officers vehemently disagreed. But the commandant reiterated the same point. He warned officers not to go towards someone firing bullets under the pretext that they had odeshi. “You would go down immediately”, he stated with a commanding tone. I hope police/military officers and other Nigerians abide by this wise counsel and abandon the superstitious belief in odeshi and bulletproof charm. It is a killer-belief. The sad thing about odeshi is that by the time one realizes that it does not work, it is usually too late. As in this case, it is either one is dead or is seriously injured or one has killed or has seriously injured someone.
Leo Igwe directs the Advocacy for Alleged Witches
PCrazy Population Boom
resently, in my tiny corner of the world here at Minna town of north central boom and weaponised migration. The reason Nigeria is poor now and the overwhelmingly reason for our falling standard of living is mullah-enabled population explosion and widespread terrorism by itinerant and roving religious jihadists who have migrated in-country from the Sahel zone and this lot has vowed to population in order that they stay put. This is the “microcosmic thing.” Out there in the larger world, the religious-jingoistic policies of petro-dollar-earning countries like progression as we know it: scores and droves and hordes of Muslims migrating to traditional Christian climes with the express aim to destroy Christianity and occupy some kind of Hitleresque “lebensraum” is provocation action that will be met with dire reaction otherwise, well, the Christian West will die. The Christianised West has been plodding on now for nearly two millennia to allow, in my opinion, her domain and culture to just be subjugated by Biblicalesque foes in the mould of the Philistines, Amalekites, Amotites, Moab, Assyrians, Persians, and all those who venerate celestial
another bloody war to cleanse herself of accumulated mass of multicultural verdigris. If
Sunday Adole Jonah, Department of Physics, Federal University of Technology, Minna, Niger State
THE SATURDAY NEWSPAPER
EDITOR OBINNA CHIMA
DEPUTY EDITOR AHAMEFULA OGBU
MANAGING DIRECTOR ENIOLA BELLO
DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU
CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI
EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE
THISDAY NEWSPAPERS LIMITED
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
Lara Trump had released a song, “Hero”, need for their support as it’s not burning up can sing well and very few make a fortune from their talent. It might be best for her to stay where she is most capable, but where is that?
She was a story coordinator and producer but then followed her in-laws into politics, although sensibly starting at the top rather than the bottom as an unpaid volunteer. She took up the position of Republican National Committee co-chairman on a salary said to be in the order of US$300,000 a year for two years.
She is lucky to have some great contacts as no one in my family can get me a job that well paid, I did check!
Dennis Fitzgerald, Melbourne, Australia
BOOSTING BILATERAL TIES…
Peter Obi Urges Collective Action for New Nigeria
Maintains reduction in food importation will boost economy
As part of strategy for the 2027 political stabilisation, presidential candidate of the Labour Party in the 2023 general elections, Mr. Peter Obi, has called for reconciliation for the birth of a new Nigeria.
Obi also insisted that solving the security crises in Nigeria and elsewhere in Africa will go a long way to provide food security.
A statement by the newly appointed Interim National Coordinator Obidient Movement Worldwide, Dr. Tanko Yunusa, yesterday in Abuja, quoted Obi to have made the call in a post on his X space.
“Together we are embarking on a path to build a movement that speaks with one voice and operates in a coordinated manner at all levels in our country - from the federal to state and local governments.
“This is the beginning of a new era for us, a time to strengthen our movement with a singular vision: to birth a new Nigeria that works for everyone.
“Our movement stands at a critical juncture where we must become more
efficient in managing our diverse factions, interests, worldviews, and leadership dynamics.
“We recognise that personal agendas and differences have sometimes led to division. Moving forward, we will proactively design frameworks and systems that allow our diversity to remain our strength,” Obi said.
The former governor of Anambra State appreciated those who used their resources to support the elections and emergence of the Obidient Movement and its leadership.
“As we take this bold step forward, we must acknowledge the grievances and feelings of disenfranchisement that have emerged within our ranks.
“We sincerely apologise for these grievances and recognise that they are real and valid. In spite of our differences, we believe that we can work together if we are united by a common purpose and vision.
“This requires a clear set of rules of engagement, underpinned by respect, tolerance, and understanding, and bound by the principles of the 5 Cs: Character, Competence, Capacity, Consistency, and Compassion.”
Residents of Abuja Estate Beg Wike to Intervene in Matters of Cof O, Security, Illegalities
In what seems to be extortion through force, threats and intimidation, residents of the well known Prince and Princess Estate in Abuja have called on the Minister of Federal Capital Territory (FCT), Nyesom Wike, and members of the National Assembly to intervene in the alleged illegal activities and harassment of the legitimate residents by its developer, Chief Nicolas Ukacukwu.
The estate has been estimated to have a population of over 10,000 residents and about 1,500 residential accommodations with value being pegged to about N200 billion. They said they have been exposed to illegal levies, violation of the principle of owner-occupier, imposition of facility management company, refusal to process Certificate of Occupancy as well as obstruction on provision of security services amongst others.
Addressing journalists yesterday in Abuja, leader of the Elders and
Board of Trustees of the Estate, Amb. Mohammed Ibrahim, said despite full patent to the developer as indicated in the terms of agreement, and in consonance with federal government plans of mass housing which served as bait for the buyers, the developer has refused to go and has continued to milk the residents and create a chaotic and illegal development that will encourage insecurity.
He assured that residents of the estate do not seek a fight with the developers or anybody, but have the right to live in peace in our homes which have been completely paid for and with residency of over two decades,saying the purpose of the media conference is to draw the attention of the Police and the FCT administration to their plight. Amb. Ibrahim disclosed that they have written to the FCT Minister and the FCT Police Command to demand for implementation and enforcement of the terms of the development lease agreement signed with the developer.
Obi urged the members of the movement to focus on healing, reconciliation and renewal.
“Let us focus on channelling our collective passion and energy towards building an inclusive, fair, and united movement.
“Our diversity is a strength and we need to strategically engage and collaborate to create the new Nigeria we envision,’’ Obi said.
Commenting on solving security crises in Nigeria and the African continent to boost food security, Obi advocated for reduction in food
Importation, saying this will greatly boost the Nigerian economy and the economy of the African continent. He lamented that Nigeria produces about three to four million tonnes of rice which represent merely 10 per cent of Bangladesh rice production. g on his X space, Obi said, "Today, I was one of the panellists at the Africa Food Systems Forum 2024 held in the Rwandan capital Kigali. At the session, I reiterated my long-held position that food insecurity in Africa is intrinsically linked to human insecurity.
"Using Nigeria as an example,
I emphasised that solving food insecurity is a major path to general security in the country. By investing in agriculture and food-related productivity, Nigeria will not only be addressing hunger, but will also create huge job opportunities for the teeming unemployed population, especially the youths in their productive age.
'Reducing reliance on food imports will help ease the strain on our currency, steady exchange rates, and rein in inflationary pressures driven by high food costs.
'To further elucidate the untapped
potential in our food production chain, Bangladesh, with approximately 148,000 square kilometres less than 1/6th of Nigeria's about 923,768 square kilometres, produces 35-40 million tons of rice annually.
"In contrast, Nigeria produces only 3-4 million tons of rice, which is roughly 10 per cent of Bangladesh's rice production. This disparity which is similar to the African situation highlights the untapped potential of Africa's agricultural sector and underscores the need for investment.
ECOWAS Partners Media to Combat Disinformation about West Africa
The Economic Community of West African States (ECOWAS) in order to enhance its image and showcase its contributions to the socioeconomic development of West Africa has launched a collaboration with media across the region.
Speaking at the inaugural session which brought government-owned
media outfits across the region together in Abuja on Thursday, the Chief of Staff in the Office of the President of ECOWAS Commission, Hon. Abdou Kolley, said the initiative was created in order to promote an accurate reporting of ECOWAS activities and tackling the growing issue of disinformation.
Kolley said the event themed: 'Strategic Engagement with Public
Media Actors in Our Member States to Strengthen Collaboration and Positive Coverage of ECOWAS Programmes and to Combat Disinformation in West Africa' is also timed to prepare ground for the forthcoming ECOWAS's 50thanniversary celebrations and to bring information to the people of the region on the contributions of the bloc to the socioeconomic well-being and humanitarian interventions in the last half century. He said that the programme was organised in partnership with the Media Foundation for West Africa (MFWA), noting that the two-day event is part of a broader push to ensure media outlets serve as key partners in promoting ECOWAS's mission of regional integration, peace and development.
Ophthalmological SocietySays Millions of Nigerians Lack Access to Eyecare
Gideon Arinze in Enugu
The Ophthalmological Society of Nigeria (OSN) has expressed worry over millions of Nigerians living in rural communities who do not have access to eyecare services.
President of the Society, Dr. Abiola Oyeleye, made this known yesterday during the opening ceremony of the 49th Annual General Meeting and
Afreximbank
Agnes Ekebuike
48th Scientific Conference of the group with the theme: 'The Evolving Face of Ophthalmology'.
In his address, Oyeleye said that it was worrying that Nigeria, with a population of over 200 million people only has over 700 ophthalmologists attending to the eye care needs of the citizens.
“Most of these ophthalmologists work in the cities, as a result, the rural
population, who have eye care needs are not able to access care,” she said.
He explained that at the heart of the challenge is the widespread desire by health workers to exit the country in search of better working conditions, adding that the way out will be for the government to improve the welfare conditions of healthcare workers generally, provide equipment so that practice can be more fulfilling and also
ensure that there is security for workers.
In his address, Enugu State Governor, Peter Mbah, represented by the Secretary to the State Government, Prof. Chidiebere Onyia, said that his administration remains committed to healthcare delivery across the state, hence its decision to embark on the construction of a 250-bed ultramodern quaternary health facility to be known as the Enugu International Hospital.
Announces Algiers as Host for 2024 Creative Africa Nexus
The African Export-Import Bank (Afreximbank) has announced Algiers, the capital of Algeria, as host for this year's Creative Africa Nexus (CANEX 2024).
According to organisers of CANEX 2024, a premier event showcasing Africa's vibrant creative and cultural industries, the theme
for this year: 'One People, United in Culture, Creating for the World' will be major focus of the four-day event taking place between October 16-19.
CANEX 2024, according to organisers, offers a unique platform for creatives from across the continent and beyond, to showcase their work, network with industry leaders, and explore
business opportunities, including exhibitions, roundtable discussions, masterclasses, live performances, gastronomy showcases, music, dance, poetry, and other artistic expressions.
The event will be a gathering of creatives, investors, and industry professionals from across the continent and the world over.
Launched in 2020, Afreximbank has committed a $1 billion facility for Creative and Cultural Industries (CCI), and has deployed specialised products for financing some CCI sectors, including the Film Financing Development
Chuks Okocha in Abuja
Kuni Tyessi in Abuja
Michael Olugbode in Abuja
L-R: High Commissioner of Nigeria to the Republic of South Africa, Amb. Alexander Ajayi; Deputy Minister in the Presidency, Keneth Morolong; High Commissioner of South Africa to Nigeria, Amb. Thami Mseleku; Director of Professional Education, School of Media and Communication, Pan-Atlantic University, Chief Isaac Ogugua-Ezechukwu; and Public Relations Manager MTN Nigeria, Dr. Lakinbofa Goodluck; when the Media Innovation Programme Cohort paid a courtesy call on the presidency in South Africa…yesterday CHIEMELIE EZEOBI
GOODBYE…
Troops Nab Two Female Terrorists' Ransom Negotiators, Kill 152 Others in One Week
The Defence Headquarters (DHQ), yesterday, said that troops deployed for counter terrorism operations have apprehended two skilful female terrorists' ransom negotiators, and killed no fewer than 152 Boko Haram and Islamic State West African Province (ISWAP) terrorist fighters in one week.
The DHQ further revealed that these female negotiators were responsible for negotiating ransom with families and
relatives of victims of terrorists' abduction across northern Nigeria. This was contained in the regular update of the operational activities of the military and other security agencies across the federation issued by the Director Defence Media Operations, Maj. Gen. Edward Buba.
Buba also noted that troops operations within the period under review also resulted in the arrest of 109 terrorists and rescue of over 90 hostages.
This was as the Chief of Army Staff,
Lt. Gen. Taoreed Lagbaja, tasked soldiers on proper utilisation of facilities in their domain.
Lagbaja gave this task, while inaugurating the remodelled Soldiers' Club and Warrant Officers and Sergeant Mess in Minna Military Cantonment, Minna, Niger State.
Buba said that troops of JTF South South, Operations Delta Safe, intercepted petroleum products worth over N795, 683, 394.
He added that troops also recovered
725,920 litres of stolen crude oil and 475,250 litres of illegally refined AGO amongst other items.
He also disclosed that troops are moving in against the terrorist leaders and commanders and denying them freedom of action.
According to him, "During the week in focus, troops carried out surgical operations against two prominent terrorist commanders and decimated their strongholds. Namely, Sadiku Enclave in Tsora Hill in Safana LGA
Police: IG's Four-year Tenure, in Accordance with Extant Laws
Linus Aleke in Abuja
The Nigeria Police Force, yesterday, said that despite attaining the retirement age of 60 earlier in the week, the Inspector General of Police, Kayode Egbetokun's continued stay in office has in no way violated the provisions of the public service rule.
Rule 020810 of Chapter Two (2) of the Public Service Rules (PSR), states that "the compulsory retirement age for all grades in the service shall be 60 years or 35 years of pensionable service, whichever is earlier, and no officer shall be allowed to remain in service after attaining the retirement age of 60 years or 35.
But a statement by Force Public Relations Officer (PRO), Olumuyiwa Adejobi, yesterday discountenanced the provisions of the above legal instrument, insisting that what President Bola Tinubu approved for the IGP was not an extension of tenure but rather the proper application of the law governing the tenure of the office of the IGP.
Adejobi further explained that the President had in 2023 approved a four-year tenure for the IGP in accordance with the provisions of Section 215(a) and Section 28(c) of the Third Schedule of the Constitution of the Federal Republic of Nigeria,1999 (as amended).
He said: "The attention of the Nigeria Police Force has been drawn to various misleading reports and misinterpretations concerning the
tenure of the Inspector General of Police, Kayode Egbetokun, and wishes to categorically state that what President Bola Tinubu, approved for the IGP is not an extension of tenure, but rather the proper application of the law governing the tenure of the office of the IGP."
Adejobi said that contrary to the misinformation being peddled and circulated on social media and in the news, an appointment letter in circulation was issued to the IGP shortly after his appointment was confirmed by the Police Council.
He explained: "This letter, dated 3rd November 2023, clearly stated that the President had approved a four-year tenure for the IGP in accordance with the provisions of Section 215(a) and Section 28(c) of the Third Schedule of the Constitution of the Federal Republic of Nigeria, 1999 (as amended). It is important to emphasize that the IGP does not need to lobby for any tenure extension as his appointment letter explicitly grants him a four-year tenure from the date of his appointment. The ongoing circulation of false
information is clearly the handiwork of pessimists and mischief makers who are determined to spread baseless narratives against the office and the personality of the IGP for obvious reasons and pecuniary gains."
He said that Egbetokun has since been issued with another letter in accordance with the provisions of the Police Act, 2020 (as amended), which supersedes the earlier correspondence. This clarification, he said, was necessary to put an end to the speculations and falsehoods being spread.
Abia Inaugurates Ultramodern Eye Care Centre to Aid Fight Avoidable Blindness
Emmanuel Ugwu-Nwogo in Umuahia
An Ultramodern Eye Care Centre was inaugurated Tuesday by the Abia State Government underscoring its commitment to eliminate incidents of avoidable blindness and visual impairments in the state.
The well-equipped eye health facility located within the Amachara General Hospital, at the southern end of the capital city, was inaugurated by the Commissioner for Health, Prof. Enoch Ogbonnaya Uche.
He said that the vision of Governor Alex Otti was to bring eye care and the entire healthcare system in Abia to world standard as he is fully convinced that health is wealth.
"This occasion shows that commitment from Governor Otti. We are here to implement the world target of blindness elimination," he said.
Uche noted that healthcare ranks among the key priorities of the present administration which is the reason Otti is the only governor in the history of Abia to have made budgetary allocation of 15 per cent to the health sector.
He said that the Ministry of Health has been given the task of driving Abia health system to international standards, adding that the Amachara General Hospital would soon be "remodelled into an example" to world standard.
The commissioner said that the state was pushing hard in its drive to cover all health specialities, assuring that "no one health speciality will be left behind".
In her address, the Administrator, Abia Eye Health Management Bureau (AEHMB), Dr. Betty Emeka-Obasi, said that the ongoing efforts to eliminate avoidable blindness would be sustained by the government.
"Our goal, therefore, is to address the challenges of eye care, especially the prevalence of avoidable blindness and visual impairment in the state so every resident can benefit from optimal eye health," she said.
Data Expert Advocates Stiffer Measures Against Cybercrime
of Katsina State and Alhaji Yusuf Enclave at Yadi Forest in Giwa LGA of Kaduna State. Furthermore, troops crippled crude oil theft activities at the following locations through air interdiction: Bugama, Idama, Cawtorne Channel and Krakrama, all in Rivers State."
He said, the gallant men and women of the armed forces continue to take pride in putting themselves in harm's way to ensure the safety and security of citizens.
He said: "Troops are sustaining the momentum to achieve victory. Indeed, the armed forces are steadily progressing towards the goal of total destruction of all these elements. Given recent events, the military learns every day and makes improvements on ways to better deal with threat situations posed by these terror groups."
Also, the Chief of Army Staff, Lt. Gen. Lagbaja has tasked soldiers on proper utilisation of facilities in their domain.
Lagbaja who was represented at the inauguration of the remodelled Soldiers' Club and Warrant Officers and Sergeant
Mess in Minna Military Cantonment, Minna, by Maj. Gen. Benson Akinroluyo (rtd), emphasised the importance of the facilities, urging personnel to take ownership and make judicious use of the conducive atmosphere provided for relaxation and camaraderie.
Earlier in his remarks, the Commander TRADOC, Major General Kevin Aligbe, expressed immense appreciation to the COAS for graciously approving the necessary funds for the remodeling of the facilities. He noted that the upgraded amenities would significantly boost regimentation among the personnel of the Nigerian Army, fostering a stronger sense of discipline and unity.
Acting Deputy Director, Army Public Relations Training and Doctrine Command Nigerian Army, Lt. Col. Uba Sani, in a statement said that Gen. Akinroluyo was one of the resource persons at the Training and Doctrine Command Nigerian Army (TRADOC NA) 2024 Doctrine and Leadership Development Workshop for Tactical Commanders.
PETROL PRICE HIKE RAISES COST OF LIVING FOR BUSINESSES, FAMILIES
"For me, the federal government should have a rethink on the numerous challenges.
"President Bola Tinubu must allow Nigerians to breath, because with the situation of things now, angry and hungry Nigerians are further being pushed to the wall and the reaction of an hungry and angry person may be unimaginable", Shettima said.
He urged the government to leave up to its responsibilities and let Nigerians feel the positive impact of the renewed agenda by making life better for Nigerians.
The statement added that, "The sudden increase in price of petrol has already created a multiplying effect on prices of not only food stuffs, but in several other areas such as transportation among others."
Shettima asked the federal government to urgently do the needful to avoid revolt from Nigerians by prioritising their welfare.
Ooni of Ife, Oba Ogunwusi Appeals to Nigerians to be Patient With Tinubu's Govt
Refinery would bring down the price of petroleum products in the country. The Ooni, said that Dangote Refinery apart from creating jobs for the teeming youths in the country, will end export of Nigeria's crude oil to other nations which he noted was a big burden on the country's economy.
"I want to appeal to all Nigerians, I know that things are very tough. Yes, we all know and we can feel the impact of how fuel is being increased again. We are feeling it. But I want you all to be a bit patient. I know the leader that we have and he is thinking ahead. I'm very positive that things will come down.
"What has been the challenge, has been that they are taking our crude outside the country, the cost of taking it out is huge. They will refine it and bring it back to us. The refineries are not working here. They are taking it to another nation and using it to employ other citizens.
"When all refineries are working, especially Dangote Refinery in Lagos, and other small refineries, they will not be taking our crude oil outside again. Then we refine it here, the cost will come down. And I want to appeal to each and everyone of us that if crude oil is being refined here the cost of petroleum products will come down.
A data analytics expert specialising in Advance Analytics and Applied Economics, Mrs. Oluwabusayo Bello, has advocated for robust cybersecurity and fraud prevention measures in financial institutions to prevent cyber criminals. Bello who gave the advice while speaking with journalists in Ibadan, said the sophistication of financial fraud is rapidly evolving with cybercriminals continually devising new methods to exploit system weaknesses.
cybersecurity measures was to protect financial institutions from the growing cyber threats.
safeguarding assets but also essential for maintaining customer trust and supporting the overall economy.
She noted that adopting strong and reliable technological measures would safeguard financial institutions against cyber fraud and financial crimes, stating that the critical purpose of enhanced
The seasoned data analyst with Northern Trust, advocated for the adoption of proactive fraud detection systems capable of identifying and neutralising potential cyber threats in real-time, explaining that investing in robust cybersecurity is not just about
"Cybersecurity cannot be an afterthought; it must be an integral, ongoing process involving regular monitoring, timely updates to security protocols, and continuous risk assessments to detect and mitigate vulnerabilities," Bello said.
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, appealed to Nigerians to be patient with the government of President Bola Tinubu, insisting that things would get better soon.
Oba Ogunwusi, who appealed the inauguration of Ifoshi Road constructed by the Executive Chairman of Ejigbo Local Council Development Area (LCDA), Lagos State, Hon. Monsurudeen Oloyede Bello, said the coming on board of the Dangote
"With what is happening now, don't let anybody push you. Let's go and destroy things, let's go and riot. That is not the solution.
"Inflation is everywhere all over the world. It's not only in Nigeria. Please let's be patient with the current government. Things will be better for us in this country when all refineries are working."
Linus Aleke in Abuja
Kemi Olaitan in Ibadan
Controller of Ilela border, Sokoto State, Tony Akuneme (left) and Controller of FCT Command, Boma Pepple, during the send forth of Akuneme from his former post in Abuja... yesterday
TECH HUB
Looking Beyond FG’s 3MTT
To drive rapid development in the Nigerian tech ecosystem, the 3 Million Technical Talent programme initiated by the federal government to train young Nigerians is insufficient to place the country on the global tech map, writes Ayodeji Ake
In a bid to boost technology in Nigeria, President Bola Tinubu’s administration launched the 3 Million Technical Talent (3MTT) programme, a critical part of the Renewed Hope agenda, is aimed at building Nigeria’s technical talent backbone to power our digital economy and position Nigeria as a net talent exporter.
According to the Presidency, the 3MTT program would create employment opportunities for the youth taking a chunk of the one million jobs promised by the current administration.
In a virtual tete-a-tete with the MYY Venture Capital and Technologies founders, Richard Ogundele and Abiola Aderiye, who commended the federal government’s programme, but stated that it’s not enough to achieve tech success.
Assessing tech development in Nigeria, Ogundele, commended the government but urged diversification from cloud engineering and software development focus to biotech, renewable energy technology, blockchain and others.
He added that the federal government should endeavour to build technology hubs across the 36 federation states.
He said: “Technology in Nigeria can be assessed through the widespread availability and usage of internet and network services provided by telecommunication companies such as MTN and Globacome.
“These companies have played a crucial role in increasing internet penetration and connectivity, thereby enabling various digital services and innovations. Furthermore, the growing adoption of smartphones and mobile applications has facilitated access to information, education, and e-commerce across the country.
“The 3MTT Program is a commendable initiative to train the younger generation in digital skills like software development, cloud engineering, and artificial intelligence, but it is not enough on its own.
“Continuous and comprehensive training programs beyond these skills are needed. I would advise the government to invest in innovation hubs and incubators that support startups and small businesses, provide funding for research and development in emerging technologies like AI and blockchain, and enhance STEM education at all levels.
“Additionally, the government should promote tech innovation by creating more tech hubs and innovation centres across the country, providing funding and resources for startups, and establishing partnerships with international tech firms to bring global expertise and technology to Nigeria.
“Moreover, areas such as artificial intelligence, blockchain, renewable energy technologies, and biotechnology should be given more priority. Developing these sectors could lead to innovations that solve local problems, create jobs, and drive economic growth.
“For instance, AI can be used to improve healthcare delivery through predictive analytics and personalised medicine, while blockchain can enhance transparency and efficiency in public administration and financial transactions.”
THISDAY had reported plans by the federal government to launch a web app to train farmers. Ogundele lamented that the agritech remains below its potential.
“One significantly underexplored area in Nigeria is the agritech sector. Given that agriculture is a major part of Nigeria’s economy, leveraging technology to improve agricultural productivity, supply chain management, and market access can have a transformative impact.
“The private sector can key in by investing in startups and providing them with the necessary funding and resources to scale their innovations.
“Corporations can also partner with research institutions to develop modern technologies tailored to local agricultural needs. Furthermore, creating digital platforms for farmers to access information, financial services, and markets can significantly improve their productivity and income,” he added.
Lending his voice to Artificial intelligence
adoption in Nigeria, Ogundele said AI has a lot of opportunities to enjoy and can benefit from.
“AI can be seen as an opportunity and a threat. While it is true that AI might displace certain jobs, it also has the potential to create new job categories and enhance existing roles by automating repetitive tasks and enabling workers to focus on higher-value activities.
“The key is to ensure that there are adequate retraining and upskilling programs to prepare the workforce for the changes brought by AI. Emphasising human-AI collaboration can lead to improved productivity and innovation, ultimately driving economic growth and job creation.”
On data security using AI, he said: “Ensuring data security in the context of AI involves implementing a multi-layered approach that incorporates robust cybersecurity measures and ethical data handling practices.
“AI itself can enhance data security by employing advanced algorithms to detect and respond to threats in real-time, identifying unusual patterns that may indicate a breach, and automating responses to mitigate these threats quickly.
“Transparency is key to building trust. Organisations should communicate how they collect, store, and use data, and they should comply with data protection regulations such as the Nigeria Data Protection Regulation (NDPR) and the General Data Protection Regulation (GDPR) where applicable. Regular audits and assessments of AI systems can help ensure that they adhere to security standards and ethical guidelines.
“Furthermore, investing in encryption technologies, access control mechanisms, and secure data storage solutions can significantly enhance data safety. By demonstrating a commitment to these practices and continuously improving their data security measures, organisations can assure users of the safety and integrity of their data.”
Examining tech development from his perspective, Aderiye admitted that technology was fast-growing in Nigeria, especially with fintech.
He stressed the need for the government to invest in AI research and grant for AI startups which can attract thousands of jobs and billions of dollars into the economy.
“Technology in Nigeria has come a long way, especially with fintech leading the charge. Nigeria is an emerging market. Hence, there’s so much more potential, especially in AI, agriculture, healthcare, banking/finance, transport, and education. However, we need more infrastructural
investment to make things happen, such as high-end and secured Computing Server Centres, and trained personnel.
“Ogundele and I started MYY Venture Capital, where we finance AI/Data innovative ideas, Minimum Viable Products (MVPs), and early-stage startups. The government should dive deeper into AI research enablement by building very high computing and secured server centres, offering more grants for AI startups, and partnering with these startups to ease AI into public services to boost efficiency and service delivery. This could potentially create 100,000 new jobs and attract $1 billion in foreign investments over the next five years.
Speaking further, Aderiye said, “AI in healthcare, agriculture tech, and smart city solutions are possible. The private sector will make a big impact here, using AI to solve local problems, boost productivity, and create new opportunities. To create something significant, Richard and I reached out to our partners and raised significant funds to ensure these ideas see the light of day.”
Speaking on unknown benefits of AI, Aderiye said he “couldn’t stop thinking of how AI could help reduce the traffic congestion in Nigeria. I saw how the traffic system worked here. We can even make it better: AI-powered smart traffic lights can cut congestion by adapting in real-time to traffic conditions.
“We will use machine learning to optimise light timings and computer vision to detect jams and incidents. The result? Smoother, faster commutes for everyone, potentially reducing travel times by 30 per cent.
“I have a list of 63 AI ideas my team and I will be working on in the coming periods. The applications are endless, and thankfully we have the right team to ensure Africa doesn’t lag again.”
Speaking further, he concurred on helping children acquire tech skills from the elementary level, “When you say coding, I presume software development. That’s great because it is fundamental. We need to introduce children to prepare them for a tech-driven future. Their counterparts in the UK, China, the US, and other places are already learning these.
“Children should be exposed to: Artificial Intelligence and Machine Learning: Basics and applications of AI, Robotics - Combines mechanics, electronics, and programming, inspiring creativity - Data Science: Data collection, analysis, and interpretation skills, Cybersecurity - Fundamentals to protect themselves and understand data security, Digital Literacy - Safe internet practices, digital communication, and critical thinking, Creative Technologies - Digital art, music production, and game development, Tech Ethics - Understanding the ethical implications of technology use.
“Programs such as the apprenticeship system in the United Kingdom are working and could be mirrored instead of reinventing the wheel. By diversifying tech education, we ensure children are well-rounded and equipped with skills that will be beneficial in the future, preparing them for various careers and fostering a deeper appreciation of technology’s role in our world.”
Minister of Communications, Innovation and Digital Economy of Nigeria, Bosun Tijani
L-R: President, Nigerian Economic Society (NES), Prof. Adeola Adenikinju; Chairman, Green Energy International Ltd, Prof. Anthony Adegbulugbe, and his wife Mrs. Adefolake Adegbulugbe, during the Green Energy boss induction as NES Fellow in Abuja…recently
Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (left) and Executive Chairman of Ejigbo LCDA, Hon. Monsuru Oloyede Bello, during the inauguration of Ifoshi Road, Ejigbo, Lagos...recently
Ferdinand Ekechukwu - 08035011394
Email: ferdi_adthisday@yahoo.com
Miss Universe Nigeria Chidinma Adetshina Recounts Emotional Journey
As the spotlight continues to beam on newly crowned Miss Universe Nigeria, Chidimma Adetshina, the beauty queen has spoken on her journey to winning the keenly contested pageant where she beat 25 others to emerge
The 23-year-old Adetshina, who had promised to make Nigeria proud in the course of her reign, in an interview monitored on Arise News Channel, yesterday, recounted her feelings during her journey, saying it all started in a bid to
was forced to withdraw from the Miss Universe South Africa pageantry in July and later accepted Her withdrawal paved the way for Caucasian,
been a long journey, from the SA competition
She recalled her moments before emerging as She said she applied for the Miss South Africa 2024 pageant and got accepted and was really, Following a wave of hostility, South Africans had questioned her eligibility to participate in that she was born to a Nigerian father and of discomfort bothering her name which South Chidinma Adetshina became the frontline of identity after she advanced to the Top 30 Miss
this but they really saw my potential and every made the big cut for the top 16 and it really Africans thought that my name was not South started getting intense, actually every week it
some things happened behind the scene that made me withdraw from the competition, dream got drifted away,” she said, momentarily bit of doubt, because people on social media
Being something she wanted, she accepted the invitation, describing it as once in a lifetime people had a misconception of who she is and
Deborah Odutayo Takes Backbench with New Comedy Drama,
DAY, seasoned producer Deborah
After more than three decades in the industry, producing content for television, radio, and cinema, Debbie is embarking on
driving force behind numerous indigenous productions, including popular titles such as
Her passion for storytelling has been nurtured by industry legends like Sadiq Daba, Enebeli Elebuwa, Alhaji Danladi Bako, and CY
remember as mentors during her early days by the talent we have in this country,” she
available to their counterparts abroad, the t-shirt, jeans, and Crocs, a departure from her
How Olasunkanmi Olanrewaju is Promoting African Cultural Heritage in US
While there are numerous African festivals in the United States, most of them lack depth and authenticity, merely scratching the surface of African
Olanrewaju, Convener of All African Festival continues to push the narrative of the African rich cultural value, showcasing genuine indigenous materials like the traditional Egungun, which was time African immigrants and native Americans unite African immigrants annually, celebrating its sociocultural heritage and reconnecting children strengthen our bond with the global community born in America showcased African culture, spoke On why the United States is the location of festivals and managing the diverse community
not introducing new aspects of our culture, but countries have adopted and showcased our cultural identity, some unable to speak their our cultural value, just as the Western world
The set, located within her tech cameras capture scenes hands-on, walking through the set, and ensuring every produced content myself,”
is more than just another an opportunity to give back to the industry
At 57, Debbie sees this series as a chance
who watches it to see themselves in it, and
Choice Award (AMVCA) Head Judge, Debbie, The series, which blends comedy with social of everyday life, relationships, and societal
The show promises to engage audiences of all generations, with relatable stories driven on set mirrors the dynamics in real families Each episode will tackle everything from digital-age romance to spirited debates on politics and culture, weaving together hilarious back from the limelight, Debbie is focused on want to empower others, to recognise those
celebrating the love of people, and giving back to the community both in front of and
Becoming an internet sensation a few creative talents have emerged over time bursting
content creator has emerged with a distinctive niche with his silent, comedic
What is worthy to note is how Chika carefully sources videos to give comic reviews on as this shows his hard work and passion towards a
as his creation is solely and entirely a work of His hard work and commitment has gained him a significant following across various platforms,
to his ability to convey humor without uttering a single word and has been attributed to the
facial gestures and body language, capturing the dramatic flair of Bollywood scenes with a subtle
yet impactful comedic twist he has been able to make this approach resonate with a diverse audience, beyond language barriers and cultural for entertainment, his originality was recognised nomination in 2022 placed him among the top content creators on the platform, highlighting the growing recognition of African talent on
Chika
Chidinma Adeshina
Debbie with her crew on set
Ferdinand Ekechukwu
Ferdinand Ekechukwu
Olasunkanmi
Tosin Clegg
An
Estate Developer, Richard Olatunde Fadiora clocked 50 years last Saturday, August 31st, 2024. Friends, relatives, and well-wishers were invited to a buffet dinner and joined Fadiora and family to make the occasion a praise day for the celebrant. Here are some of the guests who graced the ceremony
PHOTOS: KOLAWOLE ALLI
L-R: Odebunmi Olajuwon; and Toyin Oduola
Babarinde Sunday; and Mr. and Mrs. Olajide Odebiyi
L-R: Dr Lande Muhammed; wife of the celebrant, Toyin Fadiora; celebrant, Richard Fadiora; and Dr Lande Akinluyi
L-R: Odebunmi Olajuwon; and Toyin Oduola
Mr Adeoba Adeniyi and his wife, Foluke
Celebrant, Rchard Olatunde Fadiora and his wife, Toyin
Mr Sali Yusuf Adewoyin and his wife, Folakemi
L-R: Professor at Afe Babalola University, Revd. Sr. A. Ogunkorode; Revd. Mary Anthony Ogunkorode; and Mr and Mrs. T.O. Adeosun
L-R: Sola Oduola; Ade Odunsi; and Oladimeji Oladipupo
L-R: Segun Doregos; and Kome Okah-Arae
The children of the celebrant, Ivy; Richard; and Rhoda Fadiora
L-R: Engr. OlusojiMartins and his wife, Opeyemi; Mr. Demola Dairo and his wife, Barr. Dairo
Chief Ayoola Oseni
L-R: Eniibukun Adebayo; Mrs. Tara Fela-Dorutoye; Lanre Adesuyi; Celebrant, Richard Fadiora; his wife, Toyin; President, Stanford Seed Transformation Network, Nigeria (SSTN), Brian Hammond; and Mallison Ukatu
Mr. and Mrs. Doyin Alakija
L-R: Mrs. Stella Adigun; Rev. Titus Itanla; Mrs. Florence Itanla; and Dr. Alban Igwe
Mr. Tayo Ogunkorode and his wife, Ayobami
Mr. Mobolaji Popoola and his wife, Abimbola
Mr. Victor Ndalugi and his wife, Maryann
L-R: Mrs. Ijeoma Nwachukwu; celebrant, Richard Fadiora; and Mr. Friday Nwachukwu
L-R: Victor Oyebanjo Fadiora and Wole Jones
Mr and Mrs. Taiwo Ajibola
L-R: Foluke Abegunde; and Pelumi Osadare
Mr. Soji Kuye and his wife, Bukky
THE CHUMMIES
POLITY
Role of Windfall Tax in Encouraging Nigeria’s Ethical Banking Practices
Donatus Eleko
In a rapidly evolving financial landscape, where the pressures of market volatility often dictate the profitability of banking institutions, there is a growing concern over the ethical practices within the banking sector. This issue is particularly pertinent in Nigeria, where the banking sector has witnessed significant gains and losses tied closely to the whims of market forces. As such, there is a pressing need to foster a culture of accountability and responsibility within the sector to ensure that profits are not merely the byproduct of market fluctuations but are also reflective of genuine value creation for customers and the economy at large. One potent tool that has the potential to encourage such practices is the windfall tax.
Understanding the Windfall Tax
The concept of a windfall tax is not novel; it is a targeted tax levied on companies that have reaped extraordinary profits, often as a result of unforeseen circumstances or market conditions rather than their operational efficiencies. In the context of the banking sector, a windfall tax would be applied to the excess profits banks generate due to favorable but volatile market conditions, such as sudden changes in interest rates, exchange rate fluctuations, or other macroeconomic factors.
In Nigeria, the application of a windfall tax on banks could serve as a critical measure to disincentivize profit-making strategies that rely heavily on market volatility. Instead, it would push banks towards more sustainable and ethical business practices, where profit generation is aligned with long-term value creation, customer satisfaction, and economic development.
The Nigerian Banking Sector: A Land- scape Ripe for Reform
The Nigerian banking sector has undergone significant transformations over the past few decades. From the consolidation era in the early 2000s to the recent drive towards digital banking, Nigerian banks have navigated various challenges and opportunities. However, the sector remains heavily influenced by external economic conditions, such as fluctuations in oil prices, foreign exchange rates, and global economic trend.
These factors have often led to situations where banks record significant profits, not necessarily because of innovations or value-added services, but due to market conditions that temporarily favor certain financial instruments or activities. For instance, during periods of high interest rates or foreign exchange volatility, banks may see their profit margins swell due to increased margins on lending or foreign exchange dealings, rather than through sustainable business growth or improved customer service.
While profitability in itself is not problematic, the concern arises when such profits are not reinvested into the economy or used to improve the banking services that customers rely on. Instead, they may be channeled into executive bonuses or dividends, creating a disconnect between the banks’ performance and their contribution to the broader economy. This is where the introduction of a windfall tax could play a pivotal role.
Incentivizing Ethical Banking Practices Through Windfall Taxation
The primary objective of a windfall tax in the banking sector is to encourage banks to adopt more responsible and transparent financial practices. By taxing excessive profits that arise from market volatility, the government can create a system where banks are incentivized to focus on sustainable growth and long-term value creation.
1. Promoting Transparency and Account- ability
One of the immediate impacts of a windfall tax would be the push towards greater transparency in banking operations. Banks would need to clearly differentiate between profits derived from market conditions and those generated from genuine business activities. This level of transparency is crucial for building trust with customers, investors, and regulators. To avoid the tax, banks would be encouraged to adopt more robust reporting practices, ensuring that their financial statements accurately reflect the sources of their profits. This could lead to the adoption of more conservative accounting practices, where profits are not overstated, and potential risks are fully disclosed. In turn, this would enhance the overall stability of the banking sector, as stakeholders would have a clearer understanding of the banks’ financial health.
2.
Encouraging Long-Term Value Cre- ation
The implementation of a windfall tax would also incentivize banks to focus on long-term value creation rather than short-term gains. Banks would need to rethink their business models to prioritize activities that generate sustainable profits, such as expanding their loan portfolios to include more SMEs, investing in financial technology, or improving customer service. By discouraging reliance on volatile income streams, such as trading profits or foreign exchange gains, the windfall tax would push banks to develop more innovative financial products and services that meet the needs of their customers. This could include offering more affordable loans, improving access to banking services in underserved areas, or developing new financial instruments that support economic development.
In this way, the windfall tax could act as a catalyst for banks to align their profit motives with the broader goals of economic growth and social responsibility. As banks shift their focus towards activities that contribute to the real economy, they would not only enhance their reputation but also create a more resilient and inclusive financial system.
3. Reinvesting in the Economy
A well-structured windfall tax regime could also encourage banks to reinvest their profits back into the economy. Instead of distributing excessive profits as dividends or executive bonuses, banks could be incentivized to allocate a portion of their windfall gains towards initiatives that benefit the wider society. This could include investments in infrastructure projects, financial inclusion programmes, or partnerships with the government to fund social development initiatives. By channeling a portion of their profits towards these areas, banks would not only reduce their tax liability but also contribute to the economic development of Nigeria.
Moreover, the revenue generated from the windfall tax could be used by the government to fund public goods and services, such as education, healthcare, and infrastructure. This would create a virtuous cycle where the success of the banking sector directly contributes to the improvement of the overall economy and the well-being of the population.
Addressing Potential Challenges
While the introduction of a windfall tax in the Nigerian banking sector presents numerous benefits, it is not without its challenges. One of the key concerns is the potential for the tax to be perceived as punitive, which could discourage investment in the sector or lead to capital flight. To mitigate this risk, it is essential that the windfall tax is designed in a way that is fair, transparent, and predictable.
1. Ensuring Fair Implementation
The success of the windfall tax will depend on its fair and consistent implementation. The tax should be levied based on clear criteria that take into account the unique circumstances of each bank, such as its size, business model, and market conditions. This will help to ensure that the tax is applied in a way that is equitable and does not unfairly penalize certain institutions. Furthermore, the government should engage with key stakeholders in the banking sector to ensure that the tax is understood and accepted. This could involve consultations with industry representatives, regulators, and financial experts to design a tax regime that balances the need for accountability with the importance of maintaining a competitive banking sector.
;L – R: Dangote Sugar Refinery Plc Numan Operations Chief Executive, Mr. Chinnaya Sylvian; Adamawa State Hon. Commissioner for Women Affairs, Neido Geoffery Kofulto; District Head of Shelleng Traditional Council, Shelleng Local Government Area, Chief Abdulramman Isah Dasong, and a beneficiary during the Dangote Sugar Refinery Plc, Numan Operations 50 Female Farmers Empowerment Ceremony held at DSR Numan Operations Numan Adamawa State….recently
L-R: Head of Sales, Promasidor Nigeria, Olakunle Ayeni; Managing Director, Promasidor Nigeria, Francois Gillet; Marketing Director, Promasidor Nigeria Adebola Williams; and Oladapo Oshuntoye, Culinary Category Manager, Promasidor Nigeria at the Unveiling of Onga Taste the Millions Promo to celebrate Onga Cubes 10th Anniversary in Lagos …. recently SUNDAY ADIGUN
L-R: A Trained Local Area Mechanic (LAM), Sabiu Biyamisu; Head of Chiefs Biyamisu Ajingi LGA, Abdullahi MaiAngwan Iyamiyu; Head of Sales, North, Crown Flour Mill, Alhaji Yusuf Ayagi; representative of the Rural Water Supply and Sanitation Agency (RUWASA), Hamza Lamido; and Wheat Project Manager, Crown Flour Mill, Rauda Musa, during the commissioning of the Safe Water Project, a Corporate, Social and Sustainability initiative of Olam Agri in Nigeria, in Kano… recently.
L- R: Chairman Programmes Committee Nigerian-British Chamber of Commerce (NBCC), Tajudeen Ahmed; Council Member, Awuneba Ajumogobia; Deputy President, Akin Osuntoki; President/Chairman of Council, Ray Atelly, and Vice Chairman Energy Group, Adeola Azeez, during the 2024 NBCC Energy Group Event, held in Lagos…recently
Outcome of $500m Domestic Bond: An Assessment
George Imafidon
The reported success of the recent $500 million Federal Government of Nigeria Bond is a demonstration of the willingness of the Bola Tinubu’s administration to explore new territories. It may be safe to say, after one year in office, that this government is ready to chart a new course in the effort to find solutions to the myriad of problems the country has to contend with at the moment.
Information has it that the bond, which ran for less than two weeks, was subscribed about two times over. This is not surprising, considering the reported enthusiasm with which investors welcomed it. It is possible the bond would have fetched more dollars for the government if the amount was higher and the period longer than just eight days.
There was no reason for the bond offer not to be attractive to investors. With 9.75 percent return, it is an investment worth the attention of any discerning investor. Apart from its high yield, it came with low risk, with a guarantee of safety and security, considering it would be listed on the FMDQ and the Nigerian Exchange Limited. It has a tenor of five years with a minimum of $10,000, to allow for more participation.
The amount of foreign exchange from the bond offer may indeed be a drop in the bucket when compared with what the country earns from oil. It may not even be anywhere close to what Diaspora remittances yield, perhaps monthly. But suffice it to say that it may be enough to contribute to boosting the country’s foreign reserve, and also help in stabilising the exchange rate – its two cardinal objectives.
The dollar-denominated bond became an imperative against the background of fluctuating fortunes from oil caused by, among others, the high incidence of theft in the Niger Delta. There is also a 6.2 percent drop in non-oil revenue, from $4.8 billion in 2022 to $4.5 billion in 2023, according to figures released by the Nigerian Export Promotion Council. The recent bond was therefore issued to provide an additional avenue for raising foreign exchange.
We must give kudos to the Minister for Finance and Coordinating Minister for the Economy, Wale Edun, the brain behind the bond and driver of the process. The outcome of the
offer is reflective of his pedigree as an international investment and finance expert – an experience he garnered over many years of involvement in the economy within and outside Nigeria, dating back to his days as commissioner for finance in Lagos State when Bola Tinubu was governor.
His handling of the economy has given hope that, indeed, as President Tinubu is wont to say, there is light at the end of the tunnel.
At a roadshow in Lagos to announce the bond offer about three days before its commencement on Monday, August 19, 2024, Edun exuded a high degree of confidence and optimism about what it is going to achieve, and why it is desirable at this time.
It is the same mien he exhibits whenever he talks about the government’s economic policies so convincingly you
cannot but believe him. This has defined his performance as a minister in the most critical office in the administration, second only to that of Tinubu – in a manner only an expert of his standing can do.
Hear him: “More foreign exchange leads to higher reserves and a stronger exchange rate, which can reduce inflation and, consequently, interest rates. This creates opportunities for borrowing, investing, increasing productivity, creating jobs, and reducing poverty.”
He said the flow of foreign exchange into the economy has improved significantly through both the portfolio and foreign direct investors, in addition to funding from multilateral organizations. This, he believes, is an indication of the faith foreign investors have in the government’s macroeconomic policies.
The achievement of the objective of boosting the country’s external reserve may reflect an increase from the $36.62 billion that was reported by the Central Bank of Nigeria as the figure, as of August 12, 2024. We can also expect that with the $553 million Diaspora remittances recorded in July – a 150 percent surge and highest monthly figure ever recorded – there would have a positive impact on the exchange rate.
When realised, the objective of stabilisation of the exchange rate would positively affect prices of locally manufactured products with foreign inputs, as well as imported products.
The expected benefits of the dollar-denominated bond is that it would bring down interest rate, make more money available for lending for production, especially in critical sectors like manufacturing, agriculture, transportation and SMEs. With the expected increase in production, it would be possible to reduce the army of the unemployed in the country through job creation. All these are expected to lead to improvement in the standard of living of Nigerians in the foreseeable future.
With the plethora of infrastructural projects, the Tinubu administration has lined up for execution, proceeds from the bond offer will certainly come in handy in terms of funding, to reduce the need for foreign debt.
The success of the bond speaks to Tinubu’s vision of where he wants to take the country, which must be preceded by a clear understanding of the problems and how to tackle them, as he has demonstrated since assuming office.
Imafidon wrote in from Lagos
Chiedu Ugbo: Quintessential Public Servant of High Repute
Cliff Chima
He is among that breed of urbane public service officials who Nigeria can boast of who can hold national and international office and do the nation proud. He is not a carnival act but is rather possessed with the will to dutifully serve and not to indulge in filthy lucre. Such individuals usually excel with the brilliance of ideas and sterling performances.
A lot has been said about the free-fall of public service in Nigeria; the selflessness has long gone and personal interests, inefficiency, and vile corruption now reign. Much emphasis by so many is now put on their enjoyment and comforts in the office while the role of truly being a public servant is mocked. Malam Ahmed Joda the ‘super permsec’ of the 1970s and 1980s once said, “The biggest challenge in Nigeria in my view is corruption; it is everywhere. There is no department, no ministry that can be said to be free of corruption. Nobody follows the rules anymore.”
Many public officials are masters of creating a public image of chicanery and venality. Nigeria’s long multifaceted energy sector challenges have persisted despite the availability of vast natural energy resources. Nigeria has the 7th largest natural gas reserves in the world that can be fully utilized to meet its energy needs. What was needed was the technology and investment to unlock and utilize its vast abundance of natural gas, trapped beneath its land. Nigeria has the gas reserves to power its economy; it is not running out of gas. What was needed was an efficient body with considerable discipline and patriotic dedication by its chief executive to put the
two together and power Africa’s largest economy.
The Niger Delta Power Holding Company, NDPHC, was thus established with a mandate to implement the Nigeria Integrated Power Projects (NIPP) to fast-track power generation and delivery.
Chiedu Ugbo became the Chief Executive Officer of the NDPHC in 2016 when the Nigerian president first appointed him in an acting capacity in June and was confirmed as substantive in August. He is among the few public officials to blamelessly serve their two terms as his tenure was again renewed for another four-year term on August 25, 2020, which has just successfully ended. For eight years, Chiedu Ugbo had to battle near insuperable challenges to run an efficient body, handle its allotted gas, and provide power to avoid a total collapse of the energy sector.
The NDPHC under him conformed to international best practices and surmounted many herculean tasks working to keep the system going. He worked on a well-connected and functioning gas pipeline network predicated on a corresponding uninterrupted supply of gas, to be able to deliver the benefits of energy. A set of additional measures necessary to transform energy into a usable form and transport it to consumption areas compelled him to intervene in the transmission and distribution system while yet going for alternate sources of renewable energy. Therefore, massive transmission and supply lines and processing facilities were built during his tenure despite the continuing huge increase in energy consumption and inherent
challenges in the power sector.
Before his stint at the presidency, he was engaged under the USAID Power Africa Transaction and Reform Program (PATRP) as an embedded adviser to the Nigerian Bulk Electricity Trading Plc(NBET), providing legal support on electric power agreements for different fuel sources and the related credit support documentation.
Before then, he was a partner at the law firm of Benchmac & Ince, providing legal advice on Electric Power and Infrastructure Development. He also worked as a senior associate and Head of the Commercial Law group at the law firm of George Ikolie & Okagbue. This outstanding executive holds a Bachelor’s degree (L.LB) and a Master of Law (LLM) both from the University of Lagos. He also holds a Diploma in International Law Practice from the College of Law of England and Wales; and a Certificate in Electricity Industry and Restructuring from the Canadian Energy Research Institute, Calgary, Canada. He also has professional certification as a certified regulation Specialist, from the Institute for Public-Private Partnerships, Washington, D.C, U.S.A..There has been a prevalent feeling of dissatisfaction that in the privitisation of Nigeria’s energy assets, that the best investors in the field were not drawn in. Having groups with little international industry expertise may thus have compounded attaining the nation’s energy goals.
According to former Power Minister, Babatunde Fashola, “I could have started by announcing or recommending that the privatisation process should be canceled. I know that cancellation of contracts is not a good signal to send to investors, even if it grabs the headlines, it will be for
the wrong reasons. History also tells us that we have revoked, canceled, or reversed previous privitisation initiatives with refineries before and we still haven’t overcome the problem. ”
Chiedu Ugbo had to work within what he met on the ground; pushing through hurdles.
The NDPHC, Nigeria’s own Marshal Plan for its energy sector, under him, was actively preoccupied with the optimal utilization of the existing power plants built under the NIPP despite many challenges. Ugbo despite his intellectual fastidiousness and adherence to the application of principled rules was yet very personable. As Managing Director of the NDPHC for eight years, Chiedu, as he is simply called, propelled phenomenal growth at the company, drove many reforms and projects, and made invaluable marks in the generation, transmission, and distribution value chains of the power sector. For a company that supplies more than 35 percent of Nigeria’s installed generating capacity, total darkness would have fallen across the land without the NDPHC.
Ugbo’s preference was for the time-tested official world of moderation and restraint, a legacy from the finest of Whitehall, which helps to keep a nation running smoothly where the recklessness of some with their leisurely air can so easily upturn things. Dedicated public servants like Ugbo prove themselves highly devoted, working off their shoes to make things better for the people that Hannibal trooping through with a herd of elephants would not distract them. Well-groomed through his years of service he turned out to become an effective fixer of situations, uncommonly effective and disciplined with
Ugbo
smooth pertinacity. He stabilised turbulent situations, keeping things from tipping over with the total breakdown of public power.In his quintessential calmness, he adroitly steered the NDPHC and his attitude was said not to be lofty to his staff; neither was he obstinate and an unrelenting snob. In the plenitude of prioritizing fairness and principled rules, he served, never showing the inclination to demand blind acquiescence; zealotry to his person was discouraged but a commitment and loyalty to service was encouraged. Many junior public officials have to put up many times with the somewhat patronizing superiority of their bosses and do their jobs in uncongenial company with those willing to cut them down to size. Chiedu Ugbo is credited to have excelled as a fatherly boss. He was known to conform to the image of efficiency in an environment where many can be out-rightly wicked, incompetent and malevolent. He personifies the seamless integrity of the past, present and future rolled into one and for him, there was no Cromwellian impatience; he was good at doing what he was obligated to do with perseverance.
Edun
By Unveiling Petrol Sample, Dangote Rekindles Hope
Keem Abdul
It couldn’t have come at a more auspicious time. Like an oasis in a parched desert, the unveiling by Alhaji Aliko Dangote, Africa’s richest man and President of the Dangote Group, of samples of the Dangote Refinery’s premium motor spirit (PMS) and diesel products on Tuesday, September 3, 2024, will stand as one of the most heartwarming events in a some of the most challenging months for the majority of Nigerians.
After almost three decades of relying on imported refined petroleum products (despite its status as the world’s sixth largest, and Africa’s largest, oil producer) the prospect of once again consuming locally-refined petroleum products such as petrol and diesel – at a more affordable rate than is currently the case – is sure to fill Nigerians with renewed hope, especially coming on the heels of the latest of many astronomical pump price increases with have left Nigerians desperate, despondent and gasping for air.
During the presentation of the sample at his $20 billion refinery complex in Ibeju-Lekki, Lagos, Dangote made the confident assertion that, with this development, his facility was set to “eliminate all fuel queues in Nigeria”. It is expected that upon full operations, the refinery will ensure a consistent supply of petrol, not just to the Nigerian market, but also to the West African sub-region and beyond.
The business tycoon said his refinery’s petrol and diesel output underwent a series of laboratory tests to ensure that their sulphur content meets global standards, among other indices of quality.
“This is the real thing,” he exulted. “We’re refining Euro 5 diesel for the first time in the history of Nigeria. We are testing for all parameters. Our lab is number one in the world.”
For the record, Euro 5 petroleum products typically contain lower sulphur and prolong engine life, while also shielding the health of the people and the environment from pollution and other hazards.
Speaking on the ripple effects of this historic development on the larger political economy, the billionaire businessman said that the imminent release of the product in commercial quantities into the Nigerian market will not only ensure the stability of the Naira but will help to minimise the round-tripping of the currency, thereby bringing economic growth, development, and prosperity to the country.
He used the opportunity of the presentation to salute the people of Nigeria for their resilience and goodwill towards the Dangote Group.
In particular, he hailed the government of President Bola Ahmed Tinubu for giving his organisation the
Dangote platform for growth, development, and prosperity. Dangote singled out the President for praise, for creating the right environment without which this development would have been impossible.
Dangote’s giant stride is indeed transformative, and a breath of fresh air, when set against the sordid experience the Nigerian people have gone through for the past 28 years, during which period the country failed to produce the Premium Motor Spirit (PMS), popularly known as petrol, following the breakdown of not one, not two, not three, but ALL FOUR of its official refineries in Port Harcourt, Warri and Kaduna. During these proverbial ‘locust’ years, successive administrations spent billions of dollars on so-called ‘turnaround maintenance’ efforts, ostensibly to revive these refineries – all to no avail.
\The result was that Nigeria found itself spending over $10 billion annually on the importation of petrol for its over 200 million citizens.
But even as Nigerians rightly celebrate the potential relief promised by Dangote’s locally-refined fuel, they will do well to remind themselves that it is not yet Uhuru – as regulatory bottlenecks may still stand in the way of the full consummation of this triumph. During Tuesday’s presentation,
Dangote had also disclosed that the price of his product would be determined through an agreement between the Dangote Group and the federal government – with the government’s giant oil agency, the Nigerian National Petroleum Company Limited (NNPCL) set to be the sole direct buyer of the new products, adding that the company was ready to roll out products into the market (even as soon as the next 48 hours) as soon as that arrangement was finalised.
Coming after the decision by the same NNPCL, only a few days ago, to increase the pump price of petrol to N897 per litre from the official price of N617 (with the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri having to refute reports that his ministry ordered the NNPCL to inflate prices to as high as N1,000), this disclosure is bound to give many Nigerians cause for pause – even though, on the face of it, there is much to be said in favour of the arrangement. After all, if the Dangote refinery exclusively supplies NNPC, it would significantly lower importation and logistics costs, and allow local marketers to purchase petrol from NNPC at a much reduced price, as well as addressing the persistent fuel scarcity that has plagued the country for so long.
But, as every Nigerian knows, the record of government ministries, departments, and agencies when it comes to the management of national assets and deploying them for the public good has not been an exactly stellar one.
This, however, is where transformative leadership comes in; a leadership determined to rewrite the narrative and turn the page on a chapter defined by years of inefficiency and bureaucratic lethargy and onto a new chapter defined by progress, positive change and … yes, renewed hope.
Recall that in June this year, President Tinubu approved the sale of crude oil to the Dangote Refinery – in Naira, a deliberate move geared towards crashing the prices of domestically refined petroleum products. In his reaction at the time, Dangote said the President’s action would help reduce the demand for foreign exchange by 40 percent – thereby giving energy to renewed, naira-driven growth.
Tinubu’s move was in perfect alignment with his administration’s efforts to achieve economic diversification and reduce our country’s over-dependence on imported goods – including refined petroleum products – which is a major plank of his policy reforms.
All in all, it can be said that Dangote’s latest accomplishment – coupled with President Tinubu’s strong backing – represents a pivotal shift in Nigeria’s energy landscape, and showcases the power of vision, resilience, and unwavering commitment to Nigeria’s economic revival. It is poised to be a game-changer in the production of petrol, as it addresses one of the most pressing – and poignant – challenges faced by the Nigerian economy.
Access Holdings: Pioneering Customer-centric Innovation in Financial Technology
Dike Onwuamaeze
Barely two years after it was established in 2022, Access Holdings Plc has rapidly emerged as a key player in the African financial services industry. The rapid development of Access Holdings is attributable to its key strategic pillars such as innovation and enhanced customer experience through technological applications.
With its operational base in Lagos Nigeria, Access Holdings currently manages a network of over 700 branches in 22 countries across three continents. The result is over 60 million customers. The financial conglomerate employs over 28,000 and is listed on the Nigerian Exchange Limited.
With various subsidiaries offering a diverse portfolio of financial services, while leveraging cutting-edge technological solutions that target precise market segments, the Holdco is a strong force to contend with within Africa’s financial space.
Access Bank: Africa’s Banking Gallery
At the centre of Access Holdings operations is Access Bank, one of the leading Tier 1 banks in Nigeria with a strong presence in Nigeria and Africa. Access Bank has consistently demonstrated its commitment to being customer-centric by leveraging advanced technologies to improve service delivery, enhance customer experience, and drive financial inclusion, making it the go-to bank for traditional banking services and more.
Beyond this, the bank offers tech-driven solutions like mobile banking applications, online banking services, innovative payment solutions, artificial intelligence and chatbots, data analytics for personalised services, amongst many others.
The bank’s digital-led services allow customers to perform a wide range of transactions and financial operations seamlessly from their smartphones regardless of their location. A prime example is the Access More App, offering features such as funds transfer, bill payment, account management, card services, etc. PayWithCapture, contactless payments, an AI-powered chatbot called Tamara, fraud detection systems, two-factor authentication (2FA), etc. are only a few of the many ways through which Access Bank is blazing the trail to a tech-accelerated financial
experience for its customers. All of this is central to the bank’s vision to become one of the five leading banks in Africa by 2027 by revenue and asset size.
Access Pension: Innovative Retirement Solutions
Access Holdings understands the heterogeneity of the needs and aspirations of the market it serves. This is why it is big on catering to the peculiar and diverse needs of the market.
For the customer whose need is a guaranteed retirement solution, Access Pensions Limited provides innovative retirement savings plans and pension fund management services.
This subsidiary incorporates the use of technology in the provision of pension management services, where clients can track their retirement pensions and make the right investment decisions. Such a client-oriented approach helps to keep clients engaged and well-informed while providing them with the tools to guarantee the best possible financial outlook for their future.
Hydrogen: Delivering Digital Payments
On the menu of Access Holdings’ buffet of holistic financial services is Hydrogen Payment Services Company Limited, a digital payment solutions and financial technology services subsidiary, responsible for developing and managing digital platforms that support Access Bank’s online and mobile banking services. Hydrogen plays a critical role in enhancing the customer experience and expanding Access Bank’s reach across different markets, while also facilitating seamless transactions for individuals or businesses and supporting the integration of new digital financial services as they emerge.
Hydrogen ensures that such service platforms improve the value that is delivered to customers through the provision of effective and secure applications that can support multiple market transactions from various markets. By linking these services to other service verticals, Hydrogen places Access Holdings right in the middle of digital financial services innovation.
Oxygen:
Digital Lending Solutions
Oxygen, another major operating unit of Access Holdings, focuses on digital lending solutions, primarily targeted at retail customers and MSMEs. Using data analytics and financial technology, Oxygen provides customised investment and
lending solutions that address the needs of individuals and businesses alike. Oxygen aims to provide digital lending solutions to a broader market beyond existing banking customers, making it more accessible to users who may not have accounts with Access Bank. This is borne out of Access Holding’s commitment to being customer-centric and providing a one-stop shop for all financial services.
Access Insurance: Tailored Insurance Solutions
Following a successful acquisition of Megatech Insurance Brokers earlier in 2024, Access Insurance Brokers Limited is next in the Holdco evolution as a globally connected community of ecosystems inspired by Africa for the world. As a subsidiary of Access Holdings, Access Insurance is strategic in expanding the company’s tentacles into other areas of the financial services industry, strengthening its position and ensuring that it continues to meet the needs of its customers.
GMD, Access Holdings, Bolaji Agbede
Unlocking Funding Opportunities for SMEs through Grant
Despite its importance, finance remains a significant hurdle for small and medium-scale enterprises (SMEs) in the country, posing a major challenge to their growth and success.
Aside from its need for business take-off, it will support SME players to drive business expansion on all sides, reduce unemployment crisis and stimulate economic growth.
As part of bridging the finance gap, economies of the world have been adopting several measures, including grants to sustain the sector. Nigeria is no exception.
Globally, grants are considered effective tools to fund a business and especially for SMEs to stay competitive and perform better either as a startup or for business expansion purposes.
Nigeria has likewise benefited from various targeted grants for SMEs, courtesy of foundations, corporate organisations, foreign entities like the World Bank, as well as federal and state government initiatives, among others.
In a recent update, the federal government announced that it disbursed N27.2 billion in grants to nano businesses between April and June 2024, as part of its Trade Grant Initiative, which has a total allocation of N50 billion.
Similarly, the World Bank in a recent report revealed that a sum of $1.4 billion has been disbursed as grants to Nigerian SMEs in six years.
However, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf, argued that the effectiveness of grant support for SMEs depends on various factors in the business environment, which is fraught with challenges that can undermine its objectives.
Yusuf, feared that many of the about one percent of SMES that can access grants are still struggling to navigate, given the tough economic climate.
In light of this, he advised grantees to take extra caution and be innovative while drawing up a business plan being funded by a grant.
He said, “First of all, that the percentage of SMEs accessing this support is minute compared to the over 41 million players in the sector makes the impact of this effort insignificant to the economy. This is in addition to the uncertainty around grant recipients. Are they getting the right persons?
“Notwithstanding, it is important that the few ones accessing the grants justify the effort and make them serve the purpose for which they are intended.”
To lock in grant gains, Yusuf reiterated business skills and entrepreneurship spirit.
He said, “Not all SMEs are good entrepreneur, a major reason why 80 percent of businesses die in their first five years and not just because of finance. Some people have the money but they cannot manage a business. Businesses must be structured for survival while making room for all lapses in the operating environment.”
He reiterated that grant beneficiaries must factor in elements such as macroeconomics, structural,
Dufil Strengthens Investment in
Health Sector
As part of its corporate social responsibility obligations, of Indomie Noodles has contributed to the upgrade of Lagos state health sector. the gesture was in furtherance of its drive for community development, as it handed over medical equipment and supplies to the Rauf Aregbesola Primary Health Centre in Alimosho, Lagos, recently.
Group Corporate Communications and Temitope Ashiwaju, said the donation was part of the company’s nationwide initiative to enhance health delivery across the country in line with the Sustainable Development Goals (SDGs).
He explained that the decision to visit the
need assessment of the facility, challenging corporates not to abandon public matters to the government alone.
“Through this initiative, we aim to make to the needs of the locals across the country. well-being of Nigerians, which also tallies with our core CSR pillars, namely: health, education, empowerment and feeding,” he said. of Healthat the centre, Dr. Abiola Bolaji, described the intervention as being timely, of community members.
Other items donated included mattresses, weight scales, incubators, endotracheal tubes, pillows, infant phototherapy unit, and baby bed, among others.
PASS, ITF Raise Safety Bar, Train Artisans
and management, to leverage finance support not just for survival, but strategic growth.
He advised that being creative and minimising risk factors to navigate issues around product competitiveness, environment, infrastructure, and power and consumers’ purchasing power.
“This is why you must be creative and try as much as possible to minimise risk as an entrepreneur.
“Why not go for a business that consumes less energy or embrace alternative energy like CNG, gas, or solar? Besides, you may decide to expend grant on a virtual business instead of getting an office space.
“After all, the likes of Opay, Money Point, and Palm Pay, amongst others operate profitably without walls, thus saving overhead costs. Opt for products that are on popular demand. You may also scale back packaging quality as well as produce smaller and more affordable content or quantity to appeal to diverse income levels. These are strategies to surmount tough climate,” he advised.
For established businesses, he encouraged using grants to diversify portfolios, thus spreading risks and ensuring steady demands across multiple revenue streams.
To the Chairman Odu’a Investment Company Limited, Bimbo Ashiru, discipline on the part of the grantee is key. He noted that donors can enforce discipline by checking back and monitoring progress of beneficiaries.
He added, “It will be highly impactful if donors take it upon themselves to educate recipients on grant management”.
The Chief Executive Officer of Leotetra Healthcare Ltd, Ade’ Adeoba Jnr, believed that the grant is just the ‘beginning,’ adding that the key to long-term success is contingent on its utilisation.
Adeoba who is a donor through his established Ade Adeoba Foundation expects that grant holders first have a thorough understanding of support, upon which he then develops a cost-efficient implementation plan.
He added, “By focusing on high-impact activities, maintaining detailed and transparent records of expenditure, reducing costs without compromising your profit and quality as well as inculcating sound financial management practices will propel grants to generate substantial and sustainable outcomes,” he enlightened.
Finally, from Adeoba, he inspired successful grantees to share their expertise and lessons with others to help them grow.
“This will enable creating case studies or success stories to showcase grant impact of,” he stated.
To the Chief Executive Officer of Emerging Africa Group, Toyin Sanni, grants are a veritable lifeline for SMEs, hence being deployed prudently.
“They should be utilised for stipulated purposes. Where none is stipulated, they can be used to acquire key equipment, technical capacity or human capital. Their utilisation should in all cases be well accounted for as that will inspire confidence in future financiers,” she said.
standards among Nigerian artisans, Prime Atlantic Safety Services (PASS) has partnered with the Industrial Training Fund (ITF) to train
The exercise aimed to reinforce ITF’s Skill up Artisans (SUPA) program by equipping the workforce with the requisite skills to drive the program’s objectives.
The three-day training focused on experiential learning, ensuring participants understood safety principles and apply them in their roles.
At a well-attended opening ceremony, Managing Director of PASS, Folake Soyonwo, thanked ITF for trusting the capacity of a local Nigeria’s ability to drive own development through partnership.
“The trust placed in our facility by the ITF further demonstrates our commitment to excellence in safety training,” she added.
Commenting, ITF Director General/Chiefsised the importance of safety for artisans, highlighting the imperative of staying current with Health, Safety, and Environment (HSE) skills and knowledge to mitigate risks. Ogun represented by the Fund’s Director of Business Training Development, Fulera with mission of SUPA.
“The success of the SUPA program hinges on our ability to instil a deep understand- ing of safety practices in our artisans. This workshop is a key element in that mission leave here better equipped to drive the safety agenda forward.
HSE training, we aim to reinforce the safety framework of the SUPA program, ultimately they serve”, he stated.
ICAN Harps on Professionalism at Global Conference
As the accounting profession continues to evolve, the Vice Chairman of the Institute of Chartered Accountants of Nigeria- Ilupeju/ Gbagada & District Society, (ICAN-IGDS), Dr.Titilayo Fowokan, has highlighted the crucial role of professionalism in shaping its future.
Fowokan, said this at the 9th Accountant Conference of the Institute of Chartered Accountants of Nigeria (ICAN) that was held in Canada, recently.
The conference brought together accounting experts from around the world to discuss the future of the profession, focusing on the theme: “Strategic Upscaling of Accounting Professions within the Dynamics of Technology.”
The event which also marked Fowokan’s 55th birthday saw industry experts took turns to praise the ICAN Vice Chairman for her service and dedication to the Institute and the accounting profession at large.
Fowokan pledged continued commitment to the values of the discipline, expressing deep
work across taxation, accounting, and forensic examination. The combination of professionalism and passion has not only fueled my growth but also unlocked international prospects.”
ICAN President, Davidson Alaribe, pointed out the need for accounting professionals to adapt to a rapidly evolving global landscape.
the conference theme earlier.
Leaders, Firms to Be Honoured at Leadership Summit
Africa’s most outstanding leaders who economic progress and growth are set to be rewarded for their remarkable exploits. the African Leadership Excellence Annual Summit (ALEX 2024), for their contributions to industry growth across the continent.
The organisers in a statement disclosed that the conference with theme, “Leading in the Culture of Change: How Leaders should handle it,” carefully selected experts in diverse disciplines and would delve into the topic in interactive sessions.
It stated that part of the goals of the summit holding in Lagos was to foster dialogue geared towards the continent’s
‘’As we embrace cutting-edge technologies, we must also prioritise ethics and integrity. The public’s trust in us is a privilege and a responsibility. We are dedicated to maintaining it through unwavering accuracy, fairness, and transparency in all our actions,” he stated. growth.
On the programme billed for September 13, the organisers disclosed further that individuals and organisations would be honoured in categories such as public service, business leadership, social impact, innovation, and youth leadership.
“Nominations for the award have been carefully reviewed by a distinguished panel of judges, consisting of respected leaders and experts from various industries. of dedication, resilience, and visionary leadership, embodying the values that the African Leadership Review stands for,” declared organisers of the event sponsored by the African Leadership Business School.
In Eternity’s Embrace: Lasting Legacy of Madam Lilian Jeremi
On Thursday, August 29, the whispering palms echoed the unspoken sorrows of a grieving world in Sapele, Delta State. The air was thick with the weight of a profound loss as oil magnate, Sholaye Jeremi, heaved beneath the vast Delta sky, not as the titan of industry the world knows, but as a son, enveloped in the quiet agony of farewell. The woman who shaped his existence, the matriarch whose love was his guiding star, was laid to rest, and with her, a piece of his soul journeyed into eternity, writes Lanre Alfred
Nobody likes funerals. All those flowers decorating a tombstone and eulogies draped across the coffin, like a farewell jewel; amid the hubbub, a full life careens to a close. It is understandable, therefore, that many would gladly shirk appearances at the entombment of a friend or even a close relative.
In light of this, it was humbling to behold the crème de la crème of Nigeria’s high society as they thronged the funeral of Madam Lilian Jeremi who died at the age of 74. As the golden light of dawn bathed the serene streets of Sapele, the town awoke to a day steeped in both reverence and sorrow. The rustling leaves seemed to whisper the name of Madam Lilian Jeremi, a name that carried the weight of an era, a woman whose presence was as enduring as the ancient palms that line the Delta. On Thursday, August 29, the world paused to bid her farewell, as her son, Sholaye Jeremi, the billionaire magnate, wove his grief into a tapestry of memories and prayers, leading a procession that was both grand and heartbreaking. It was a day when tears became tributaries, flowing into the vast river of remembrance, and where every step taken in her honour resounded with echoes of a love that time itself could never diminish.
Sapele, with its tranquil ambience and lush landscapes, provided a fitting backdrop for the funeral. There is no gainsaying she was the Queen of the Jeremi clan and a doting mother to her children, a title no monarch could claim. Madam Jeremi loved her children very deeply and was prepared to sacrifice her happiness for theirs.
The natives had never been good at silence — they are never known to mourn wordlessly hence they are hardly the type that expressed intense emotions through a hand on the shoulder or a pat on the back— but last Friday, they surpassed themselves. Sapele silently mourned as the nation’s dignitaries thronged its beautiful innards to pay tribute to the beloved mother of one of their own.
In her lifetime, Madam Lilian pulsed with a lambent glow that never seemed to peter out. It brightened her world, bathing everyone that came in contact with her, in her halo. Her humanity transcended tribe and religion and she never cringed when beneficiaries of her humaneness, morphed into an adoring mob. Luminous with uncommon charm, she lived to impart love with a common touch. She assumed a larger-than-life presence in the lives of her loved ones as family, friends, and colleagues converged on her native land, Sapele to bid farewell to the woman who raised great children
The Procession and Service
On the day of the funeral, a majestic procession made its way from the Jeremi residence to the First Baptist Church. The streets were lined with well-wishers and mourners, their faces a blend of sorrow and admiration. The church, draped in white and gold, symbolizing purity and reverence, was filled. The air was thick with the scent of lilies—Madam Lilian’s favourite flower—which adorned her coffin, adding a touch of personal intimacy to the grand ceremony.
Inside the church, the service was marked by solemn hymns and heartfelt eulogies. Pastors and other religious leaders spoke of Madam Lilian’s unwavering faith and her contributions to the church and community. Her children, led by Sholaye, delivered moving tributes that spoke to her role as a mother, a mentor, and a guiding light in their lives.
The quiet amplified the sounds of the cortège as it set out to Madam Jeremi’s final resting place: the rumble of wheels on tarmac, the click of shoe heels on concrete and the soft thud on mother earth tolled at listless intervals. But as the procession came into view, residents of the city, family, neighbours and childhood friends of Madam Jeremi turned out in honour of the deceased.
The roads leading to the Jeremi residence were
adorned with banners bearing loving messages and tributes to the mother of billionaire magnate, Sholaye Jeremi, Madam Lilian. The town’s residents, many of whom had been touched by her kindness during her lifetime, lined the streets, creating a solemn yet supportive atmosphere as the funeral procession made its way through.
For Sholaye Jeremi, the journey with his mother to her final resting place was more than a sombre duty; it was a testament to the unbreakable bond they shared. In the eyes of the world, Sholaye may be a man of immense wealth and power, but to those who truly know him, his greatest riches are the lessons of humility, kindness, and love that his mother instilled in him.
As he prepared to say his final goodbye, Sholaye reflected on the profound impact his mother had on his life. Every act of generosity, every gesture of kindness he has shown, is a reflection of her influence—a legacy of love that lives on in him. The tradition they shared, where Sholaye would celebrate his birthday by giving back to the less fortunate, was more than a family ritual; it was a living tribute to a woman who believed that true joy lies in the act of giving.
Madam Lilian, the matriarch whose life was a beacon of faith, love, and generosity, departed this mortal world at the age of 74 after a brief illness. Her passing on May 14, 2024, left a void that no wealth or power could fill, but in the heart of her son, her teachings continue to illuminate the path he walks. As he laid her to rest, Sholaye did so with the knowledge that her spirit lives on in every life he touches, in every act of kindness he performs, and
in the legacy of generosity she left behind.
A Gathering of Titans
The deceased would turn in her grave for the honour and unrivaled show of love that her beloved son attracted for her sake. It was like a state event; there were in attendance a presidential delegation, members of the National Assembly, numerous state governors, and prominent moguls of the business
community.
Among the mourners was Chief James Ibori, former governor of Delta State, and his wife, Sename, whose presence underscored the Jeremi family’s deep roots in the region. Ibrahim Hassan Dankwambothe former governor of Gombe state, Aremo Segun Oniru, Raymond Abia, along with Babatunde Agbede and Ken Ayanwu, added to the illustrious gathering, reflecting the widespread influence and connections of the Jeremi family.
The presence of Nigeria’s elite at the funeral was not just a testament to Sholaye Jeremi’s status but also to the respect his mother commanded. Men and women like Terry Waya, Ernest Azudialu, Julius Rone, Chief Leemon Ikpea , Scott Tommey, Obong Akanimo Udofia, Preye Berezi, Timi Alaibe, Greg Uanseru, Ibe Kachikwu, Ruth Osime, Prisca Ndu, Azuka Ogujiuba, Nikky Ogbuefi, and April Hallero, the popular designer, were equally in attendance to share memories of Madam Lilian and console the grieving family.
It was lifting to see the high calibre of guests milling about the church, waiting to get in. The spectators looking on, many of whom had arrived early, excitedly craned their necks to catch glimpses of the celebrities they spotted; as they equally arrived to pay their last respects to a woman whose life was a benchmark for humanity’s finest while she was alive and even in death.
This was a day of remembrance, yes, and a day of grieving. The flood of despair that poured forth triggered a cascade of tears. By the funeral, Sholaye no doubt, delivered a remarkably personal and pointed tribute to his mother’s memory. He noted that though it was not enough to canonize Madam Lilian’s humanity, it was the least he could do to venerate a woman and mother who was passionately inured in her desire to do good for others so she could contribute her quota to improving humanity.
He also described her as someone with natural nobility who proved throughout her existence that she needed no trappings of wealth or fame to generate her particular brand of humanity.
Throughout the service, it was evident that Madam Lilian’s legacy extended beyond her immediate family. Stories were shared of her quiet acts of charity, of the children she helped send to school, and of the many lives she touched with her generosity.
Reception at the Athletic Club
After the church service, a reception was held at the prestigious Athletic Club in GRA Sapele. The atmosphere pulsed in lambent chromaticity and reverberant buzz of the high society crowd trooping to the event. So breathtaking was the party and consumption of continental cuisines and drinks that the rivers of champagne and expensive alcoholic drinks thinned to a tributary. Even the after party still had all the trappings of a gaudy celebration; rows of gourmet food and afterses and non-stop feasting. It was obvious to guests that good money had been expended. Sholaye was up and about attending to guests and ensuring that everybody had their fill while the music of Sugar Band had him swaying and shuffling intermittently.
The venue, known for its exclusivity, was transformed into a space of reflection and celebration. Guests were treated to a banquet that featured both local and international delicacies, a reflection of Madam Lilian’s love for her heritage and her open-heartedness to the world beyond. The reception was a time for sharing stories and remembering a woman who had left an indelible mark on everyone she met.
Amidst the mourning, there was also a celebration—of the life that was lived with purpose and love. As the night wore on, laughter mingled with tears as guests reminisced about the moments they had shared with Madam Lilian. The event was not just a farewell but a reminder of the legacy she left behind, one that would continue to inspire those who knew her.
L-R: Chief Richmond Macgrey, Sholaye Jeremi, and Mrs. Ajoritsedere Awosika
Late Madam Jeremi’s Children
Late Lilian Jeremi
Automotive Enthusiasts Experience Unique Features of Cherry Tigo 2
Automotive enthusiasts and potential car buyers seized a unique opportunity to experience the dynamic world of Chery firsthand and explore the remarkable features of the Chery Tiggo 2, one of the brand’s standout models.
Carloha Nigeria, the authorised importer and assembler of Chery vehicles in Nigeria hosted a spectacular 3-day display event at Mega Plaza, Victoria Island, Lagos, from August 30, 2024, to September 1, 2024.
The event, described as highly successful by Carloha Nigeria, showcased the Chery Tiggo 2, a compact SUV that has been turning heads with its stylish design, robust features, and unbeatable value. Visitors had the unique opportunity to get up close and personal with the Tiggo 2, learning about its features, performance, and what sets it apart from other vehicles in its class.
The highlight of the event was the exclusive discounts available only during the display period.
Visitors who attended the event were able to take advantage of special pricing of N25m promotions, making it the perfect time to consider a new vehicle purchase. The limited-time offers created a buzz, leading to numerous inquiries.
According to a statement from the management of Carloha Nigeria, “This exclusive offer for Tiggo 2 Pro at Mega Plaza, is one of the many ways of making Chery vehicle ownership easy and affordable for all customers in Nigeria”. The exclusive offer for Tiggo 2 Pro during the Mega Plaza display is considerably the best price for a new car anywhere. He further stated that Carloha has raised the bar, by providing automotive solutions that will bring peace of mind to our numerous customers. The 6 years free service along with 6 years warranty or 200,000-kilometer whichever comes first, are great aftersales incentives to boost customers’ confidence in their purchase decision”.
Carloha has established adequate aftersales service network covering major cities in every state of Nigeria, ensuring that car owners can enjoy reliable services no matter their location.
Chery has a team of over 10 Chinese technical engineers and local technicians who offer on-site
guidance to solve any car-related issues, ensuring a worry-free driving experience for owners.
The event was not only just about cars but also about creating memorable experiences for customers. There were also live demonstrations by Chery experts who provided detailed insights into the vehicle’s features and capabilities.
During the 3 day display, Chery Tiggo 2 stood out as a favorite among visitors, and for good reason, here’s a closer look at what makes this compact SUV such a standout choice:
The Tiggo 2 boasts a modern and sleek design, with a bold front grille, sharp headlights, and dynamic lines that give it a sporty yet sophisticated appearance. It’s a car that turns heads wherever it goes.
Inside, the Tiggo 2 offers a spacious and welldesigned cabin, equipped with comfortable seating for up to five passengers. High-quality materials and thoughtful touches, such as adjustable seats and ample legroom, ensure a comfortable ride for all.
Chisco Transport Prioritises Staff Welfare, Passenger Safety
The management of a renowned inter-state and ECOWAS regional road transport services provider, Chisco Transport, has said it prioritizes the welfare and health of its workers.
The company stated this while clarifying the circumstances of the incident involving one of its experienced drivers on the Lagos-Accra route.
The company debunked the claim that the driver was involved in a criminal activity in the unfortunate health emergency.
The incident, which was captured in a viral video on social media, showed the driver in question having a health emergency on July 27, 2024 en route Lagos from Ghana, leading to an unscheduled stop during the journey, which resulted in a panic attack.
However, in a press statement, Chisco Transport, described the allegation of criminal act by the driver as false, saying that contrary to circulating rumours, there was no basis for the claims that the driver was capable of any such act.
Signed by the Head of Customer Experience, Rosemary Ohuegbe, the statement noted the concerns the incident had caused among the travelling public and apologised to the customers involved for the distress.
Chisco Transport described the driver as a dedicated and outstanding member of the company’s on-board crews for over 10 years with a record that is commendable, Doing and safety of its passengers.
Part of the press statement read, “Upon
learning of the situation, we immediately dispatched a replacement driver closest to the scene to ensure the safe continuation of the journey and arranged prompt medical care for our driver, who has since received the necessary treatment and is recovering.
“At Chisco Transport, as part of our standard procedures, we conduct rigorous processes for the selection and regular medical evaluation of our drivers. The safety of our passengers
“We remain committed to maintaining the highest standards of service and integrity.
TIPS OF THE WEEK
Navigating Car Sensor Issues: Tips and Tricks
Welcome to our comprehensive guide on navigating car sensor issues. Automotive sensors play a vital role in your car’s performance, ensuring that everything runs smoothly and
seem complex, but with a little knowledge and some handy tips, you can avoid hefty car sensor repair costs and unnecessary headaches.
(MAF), or coolant temperature sensor giving you trouble, we’ve got you covered. So, buckle up and prepare for a deep dive into the world of car sensors.
Understanding Car Sensors
how they work. In simple terms, a sensor is a device that measures physical quantities and converts them into signals that can be read and interpreted by your vehicle’s computer system. These signals help the computer make adjustments to various systems in your vehicle, ensuring optimal performance.
Common Types of Automotive Sensors:
1. O2 Sensors
Also known as oxygen sensors, these are one of the most crucial sensors in your vehicle’s emission control system. They monitor the amount of oxygen in the exhaust and send signals to adjust the air-fuel mixture accordingly. A faulty O2 sensor can lead to poor fuel a failed emission test.
2. Mass Air Flow (MAF) Sensors
As the name suggests, MAF sensors measure the amount of air entering your car’s engine and send this information to the computer to adjust fuel delivery. A dirty or malfunctioning MAF sensor can cause problems such as rough idling, stalling, and decreased performance.
3. Engine Oil Level and Pressure Sensors
These sensors monitor the level and pressure of engine oil, ensuring that your vehicle’s engine is properly lubricated. A faulty sensor can lead to low oil levels or incorrect pressure readings, which can cause engine damage if not addressed promptly.
4. Coolant Temperature and Level Sensors
Coolant temperature sensors measure the temperature of the engine coolant and send signals to adjust the cooling system accordingly. Coolant level sensors alert you when there is a loss of coolant, preventing potential overheating and engine damage.
5. Air Intake Temperature Sensors
Air intake temperature sensors measure the temperature of the air entering your car’s engine, allowing for proper fuel delivery and combustion. A faulty sensor can lead to incorrect air-fuel ratios, causing engine performance issues.
6. Manifold Absolute Pressure (MAP) Sensors
Feedback and information like this help us to continuously improve our internal processes to deliver.excellence.
“As part of our ongoing commitment, we are reducing the interval of our medical checks for drivers from every six months to every three months, ensuring that we consistently meet our high safety and health standards.
“Our customers’ safety has been paramount to us for the past 45 years and counting. We deeply apologise for any distress this incident may have caused and appreciate the continued support of our valued customers.”
MAP sensors measure the pressure in the intake manifold and send signals to adjust fuel delivery accordingly. A malfunctioning MAP sensor can cause issues such as rough idling, Tips for Navigating Automotive Sensor Issues Now that we’ve covered the common types of vehicular sensors, here are some tips to help you navigate any issues that may arise: Pay attention to warning lights: Most modern cars have a dashboard warning light that indicates a problem with one of the sensors. If you see this light, it’s essential to get your car checked by a professional as soon as possible to avoid further damage.
(Source:NortheastAutoService)
Chery Tiggo 2 display by Carloha Nigeria at Mega Plaza, Victoria Island, Lagos… recently
Chisco buses
GLOBAL SOCCER Super Eagles Target
GLOBAL SOCCER
Super Eagles Roll Call
Goalkeepers
Stanley Nwabali (Chippa United)
Maduka Okoye (Udinese )
Amas Obasogie (Bendel Insurance)
Defenders
William Ekong (Al-Kholood FC)
Bright Osayi-Samuel (Fenerb)
Olisa Ndah (Orlando Pirates)
Bruno Onyemaechi (Boavista )
Oluwasemilogo Ajayi (West Brom)
Calvin Bassey (Fulham )
Ola Aina (Nottingham Forest)
Midfielders
Wilfred Ndidi (Leicester City)
Raphael Onyedika (Club Brugge)
Alhassan Yusuf (New England Revolution)
Fisayo Dele-Bashiru (Lazio FC)
Frank Onyeka (Brentford FC)
Alex Iwobi (Fulham FC)
Forwards
Samuel Chukwueze (AC Milan)
Victor Osimhen (Galatasaray)
Kelechi Iheanacho (Sevilla)
Victor Boniface (Leverkusen)
Moses Simon (FC Nantes)
Ademola Lookman (Atalanta)
Taiwo Awoniyi (Not’ham Forest)
Super Eagles Target AFCON 2025 Qualifier Strong Start
After a silver medal finish at the 2023Africa Cup of Nations in march,soccer crazy Nigerians had expected that the Super Eagles would build on their splendid performance in Cote d’Ivoire in their subsequentWorld Cup qualifier matches,it however was not to be as the three-timeAfrican champions forced SouthAfrica to a 1-1 draw on home soil and lost 2-1 to Benin four days later to dim their chances of hoisting the country’s flag at the 2026 Mundial. Ahead of tomorrow’s 2025AFCON home game against Benin,KunleAdewale wonders if the Super Eagles can start on a clean slate
With just three points from four games in the 2026 World Cup qualifier matches, the last two being a draw and a loss, culminating in erstwhile senior national team’s Coach, Finidi George, throwing in the towel, Nigeria Football Federation, NFF, has since appointed its Technical Director, Augustine Eguavoen and tasked to take charge of the team in an interim capacity after an unresolved contract issued made German Franco Labbadia to back out of the job.
The Super Eagles will be aiming to kickoff their 2025 Africa Cup of Nations qualifiers on a strong note when they welcome Benin to the Godswill Akpabio Stadium in Uyo today.
It has been torrid months for Nigeria since their impressive performances at the 2023 AFCON earlier this year. Under the tutelage of Jose Peseiro, the three-time African champions reached the final but surrendered a one-goal lead to lose 2-1.
However, since the Super Eagles left that tournament, aside from Peseiro who left the team, the ability and mentality to win games has also left them.
Of the four games the Super Eagles played, they won one, lost two, and drew one. All these results were under Finidi George, who eventually quit the job in June.
However, after the NFF’s merry-goround concerning a new coach, Victor Osimhen’s insubordination, and the purported appointment of Bruno Labbadia, interim coach, Eguavoen will be looking to return the Super Eagles to winning ways.
Indeed, it will be a return to Nigeria for Benin coach, Gernot Rohr, who was in charge of the Super Eagles between 2016 and 2021.
The Franco-German tactician knows the Super Eagles squad very well, and that could play into Benin’s favour.
On the other hand, Eguavoen was announced as the coach to see the Super Eagles through the next set of games after the comedy of errors from the NFF in their appointment of a new coach.
Eguavoen has already worked with most of the players before, so they won’t be strange to his tactics or his style of play.
The former Nigeria international will have the full complements of his squad for the fixture except for Osayi-Samuel who sustained an injury while on club duty. In his place Benjamin Tanimu was called up to replace him, while Terem Moffi remains a long-term absentee after suffering an ACL before the start of the season.
For Benin, Rohr will have the services of all his star players except Mohamed Tijani, who is currently struggling with a niggling injury.
The last time both countries played, Benin defeated Nigeria 2-1 at a neutral venue in Ivory Coast. The Super Eagles dominated the tie, but they lacked the cutting-edge in the final third. That signaled Nigeria’s firstever loss to the Cheetas in six meetings.
Benin have lost just one of their last five games, and that was an away game to Senegal. On the other hand, Nigeria have won just one of their last five games.
Meanwhile, Eguavoen has declared that Super Eagles are raring to go for all six points available in this month’s 2025 Africa Cup of Nations qualifying matches against their counterparts from Benin Republic and Rwanda.
“Our objective is clear: to pick the six points in both matches. The players know this, and are committed to accomplishing this. The matches will not be easy; no qualifying game can be taken for granted because all the teams want to play in the finals. However, we have spoken to the players and all of us are on the same page.
“Starting with the match against Benin Republic today, nobody is mentioning anything about revenge. Our goal is three points, and then we aim for another three points in Kigali on Tuesday that will put us in good stead for qualification.”
Eguavoen has a number of stalwarts who are truly determined to appease fans and enthusiasts for missing the two FIFA World Cup qualifying matches in June, from which poor results threaten the Eagles’ chances of reaching the 2026 finals.
AFCON’s Man-of-the-Competition William Ekong, also team captain, was overlooked for the ties against South Africa and Benin Republic as he was recovering from injury, but is back at the heart of the rearguard to lead the threetime African champions to hunt for points for another showpiece. Ekong scored three goals at the AFCON finals early in the year.
Reigning African Player of the Year,
Victor Osimhen missed the two games in June, as defender Ola Aina and star forward Moses Simon due to injury. Osimhen just signed for Turkish giants Galatasaray and will be keen to impress his new employers, while banishing talks of his rustiness.
Simon is also eager to again dorn the green-white-green, just as Aina.
Ademola Lookman, who is the only African on the list of 30 nominees for the Ballon d’Or, will walk with a greater spring in his steps, and justifiably so. He scored three crucial goals for Nigeria at the AFCON, and his 17 goals and 11 assists steered Atalanta FC to the Europa Cup final, where his hat-trick did the damage on German club, Bayer Leverkusen.
Meanwhile, Benin Republic, forward Steve Mounié is convinced that the Cheetahs will be difficult opponents for Nigeria today in spite of Super Eagles being the bookmaker’s favourites to claim victory. At the pre-match press conference yesterday, Mounié revealed the secret to Benin’s recent impressive form.
“With the spirit we have in the team now, we don’t give up,” the Augsburg forward said. “We will try to fight together on the pitch, and that will be important tomorrow.”
The 29-year-old striker added: “It doesn’t matter who scores or makes the assist, the most important thing tomorrow is to get a result.”
Today’s match will kick off at 5pm inside the Godswill Akpabio Stadium.
Super Eagles Interim Coach, Augustin Eguavoen directing affairs at the team’s training in Uyo
Victor Osimhen: Consigned to Undesired Transfer Choice
Victor Osimhen was linked with a move away from the Stadio Diego Armando Maradona throughout the transfer window, but his reported £113m release proved to be a major stumbling block to a potential departure.
Napoli eventually dropped their financial demands in the closing stages of the window and it appeared that he would join either Chelsea or Al Ahli before the transfer deadline.
Chelsea failed in their attempts to land Osimhen, while it was reported that Al Ahli had agreed on personal terms with the striker.
However, the move ultimately fell through after Napoli supposedly raised their demands, resulting in Al-Ahli turning their focus to signing England international, Ivan Toney from Brentford.
After failing to secure a departure, Osimhen was facing the prospect of not playing any football until January following his exile from Napoli’s first-team set-up. Napoli boss Antonio Conte had frozen Osimhen out of the squad and there was no way back after the arrival of his replacement Romelu Lukaku.
It then emerged that Galatasaray had struck an agreement to sign Osimhen on loan before the Turkish transfer window closes on September 13.
According to reports, Galatasaray will cover the player’s salary but there is no option or obligation to buy clause included in the deal.
Napoli have the option to extend Osimhen’s contract until June 2027, while they now reduced his release clause to£63.2m.
“Since I’ve started playing professionally, I’ve been the one making my own decisions,” Osimhen had told CBS Sports in January, “and everything is working out well for me.” Not anymore, though.
In the early hours of Tuesday morning, Osimhen was given a rapturous welcome after arriving in Istanbul ahead of the completion of his loan move to Galatasaray. He may have been all smiles - but this was not part of the plan. This was a most unexpected humiliation, an utterly calamitous conclusion to a t ransfer saga involving Osimhen and Napoli that has yielded no winners - only losers.
Napoli president, Aurelio De Laurentiis, admitted in January that the club had known since last summer that Osimhen wanted out and they were willing to let him go, too. Just not right away.
De Laurentiis understandably didn’t want to sell Osimhen immediately after the striker had scored 26 times to finish as the Capocannoniere at the end of a historic Serie A title triumph. Osimhen, for his
part, was willing to spend another year playing for a club and fanbase that had shown him so much love and support since his arrival from Lille in 2020.
So, after painfully protracted negotiations a compromise was reached: Osimhen would sign a contract extension until 2026 and see his salary rise approximately to £9m per annum, but the new deal would also feature a buyout clause of £100m, which was significant as De Laurentiis had claimed during the summer of 2023 that it would take an offer of £170m for him to even consider parting with his most valuable asset.
According to reports, he had even turned down a £120 million offer from Al-Hilal. But De Laurentiis was happy to accept slightly less money if he meant getting another season out of Osimhen, and there was not a doubt in his mind that a top European team would meet the fixed asking price.
Indeed, in January, the Partenopei president went so far as to publicly proclaim that Osimhen would join “Real Madrid, Paris Saint-Germain or an English team” during the 2024 summer transfer window. He however ended up in Istanbul instead.
The fact that it’s come to this is an absolute shambles, and reflects horribly on everyone involved: the club, the player and his agent.
New NPFL Season Promises Excitement with StarTimes
The Nigeria Premier Football League (NPFL) has returned with a bang, promising an exciting season filled with competitive matches and thrilling storylines.
The 2024/25 season kicked off with a thrilling clash between defending champions Rangers International and El Kanemi Warriors, setting the tone for a highly competitive campaign.
This year’s league is poised to be even more exciting, thanks to the increased visibility provided by StarTimes’s acquisition of the NPFL broadcasting rights.
The StarTimes broadcast deal has added another layer of excitement, bringing live matches directly into fans’ living rooms and captivating a broader audience nationwide.
This groundbreaking partnership has revolutionised the way fans experience the league, making it more accessible and enjoyable.
Teams to Watch
Rangers International
Defending champions Rangers have strengthened their squad with new signings, including Anayor Ogbonna, Ekeson Okorie, and Tekena Garando. Led by coach Fidelis Ilechukwu, they aim to become the first side to defend their title in over a decade.
Remo Stars
The Daniel Ogunmodede-led side has kept a bulk of last season’s squad and strengthened with new additions like Alex Oyowah and Faisal Sani. They seek to win the trophy after finishing second in back-to-back seasons.
Enyimba
De Laurentiis never should have so flagrantly flagged the fact that Osimhen was leaving unless he already had a buyer lined up. He has paid a heavy price for his hubris and lack of foresight, as interested parties tried to take advantage of Napoli’s mounting desperation to sell their wantaway striker.
Osimhen’s continued presence at the club also stalled their own recruitment strategy for more than a month - much to the frustration of the new coach, Conte, and the best-case scenario for Napoli now is recouping the €70m they paid to sign Osimhen from Lille when they had hoped to make just under double that figure.
The 25-year-old has chosen to wear the number 45 shirt for Okan Buruk’s side - a number that he feels brings him good luck.
Osimhen is set to link up with Nigeria’s squad ahead the two qualifying matches against Benin and Rwanda for the 2025 Africa Cup of Nations.
Once he has completed his international obligations, Osimhen will link up with his new teammates ahead of the resumption of the Turkish Super Lig.
Osimhen could make his debut in a home match against Caykur Rizespor on September 14, before his new side play host to Gaziantep just a few days later.
Former champions Enyimba have lost players to abroad deals but acquired capable replacements like Wasiu Jimoh and Kalu Nweke. They seek to regain their title-winning form.
Kano Pillars
Now led by Usman Abd’Allah, Pillars have undergone significant restructuring and signed new players, including Mohammed Zulkifilu from Rangers.
Rivers United
Finidi George is on a redemption mission with the Port Harcourt-based club after his reputation was battered during his stint as Super Eagles coach. Rivers United have signed Taiwo Abdulrafiu and Bamidele Adeniyi as they seek to rebuild after losing players to foreign deals.
Plateau United
The Peace Boys have signed new players like Sadiq Abubakar, Adewale Adeyinka, and Chinedu Sunday, while losing Albert Hillary and Nenrot Silas. They seek to avoid a repeat of last season’s fizzling out.
Shooting Stars
Shooting Stars have bolstered their ranks with new signings like Lukman Binuyo and Ikouwem Utin, but lost key figures like Gbolagade Adelowo and Dele Aniyikaye. They seek a return to the continent after coming agonizingly close last season.
Sunshine Stars
The Akure Gunners, led by Kennedy Boboye muscled their way out of the relegation waters last season. They have brought in Seth Mayi and Isaac James and some other young talents to push for a better campaign this season. Sunshine will be playing their home matches at the Dipo Dina Stadium Ijebu Ode with the Akure Stadium undergoing renovation.
Ikorodu City
Led by Bright Ozegbagbei, newcomers Ikorodu City have been prudent in their dealings as they pursue their main target of retaining their status at the end of the season.
Heartland FC
In a welcome development, Emmanuel Amuneke has joined Heartland FC, marking his return to the Nigerian football scene. After gaining valuable experience coaching in Sudan, Tanzania, and Egypt, Amuneke is now poised to make his mark on the home front.
With StarTimes cameras beaming live action from across match centers, this season promises to be interesting with lots of drama expected.
As fans eagerly anticipate the action, it is clear that Nigerian football is on the rise, and the future looks bright.
Victor Osimhen poses with egg heads of Galatasaray during his unveiling
Enugu Rangers
Onyinyechi Mark Wins Nigeria’s First Paralympic Games Gold in Paris
Nigeria’s Onyinyechi Mark, yesterday won Nigeria’s first gold medal of the ongoing 2024 Paralympics Games in Paris.
Mark lifted a weight of 147kg to win gold. After the feat, she took a challenge and lifted 150kg to set a new world record as well in the women’s 61kg category of the para-powerlifting event
It was an exciting moment at the closing event of the Chief Sam Awiaka @ 70 Birthday Golf Tournament concluded last Saturday at Benin Club Golf Section (BCGS), Edo State At the end of the tournament, Victor Amadu and Ehis Igbinadolor were declared winners in the men’s and ladies category respectively.
BCGS Competition Secretary, Osazee Iyare and immediate past LGAN South-South Zonal Vice President, Sandra
of the Games. On hand to celebrate the country’s first gold medal of the Games, Nigeria’s Sports Minister, Senator John Enoh, was overwhelmed with joy that at last the elusive gold was in the kitty.
“This is awesome! Onyinyechi Mark has done the country proud, winning our first gold medal here
Emina won the best gross trophies with 76 and 87 gross respectively.
The tournament which teed-off from Wednesday with Caddies, Eaglets and Professionals, invited guests and members events was packaged by wife of the celebrant, former Lady Captain, Princess Nkeruika Awiaka and Friends of Chief Awiaka under the Chairmanship of Ignatius Aigbonkhaode, former BCGS Captain.
in Paris 2024. The whole country is celebrating you now on the social media for this feat. Well done. We are very proud of you,” observed Enoh, shortly after the Nigerian parapowerlifter was presented with her gold medal.
Before the gold, Team Nigeria had earlier won a bronze and silver medal so far at the Games.
Amadu played a net score of 71 to emerge men’s hcp 0-18 category winner. Former BCGS Captain, Dr. Bola Atua placed second having beaten Felix Agamwonyi on count-back as they both recorded 72 net respectively.
Similarly, Igbinadolor in the hcp 0-20 ladies category settled the division with amazing 75 net ahead of past Lady Captains, Suwadeetu Mahmud with 76 and Debby Otabor with 78 net.
Super Eagles Take on Benin Republic Live on GOtv
The Super Eagles of Nigeria will begin their 2025 Africa Cup of Nations qualifiers against The Cheetahs of Benin Republic, in Uyo, Akwa Ibom State, today, with the aim of getting revenge against their visitors.
The Cheetahs, led by former Super Eagles coach, Gernot Rohr, stunned the Super Eagles in the 2026 World Cup qualifiers, with a 2-1 victory, three months ago. The defeat was the first for Nigeria in a competitive match against
Temilade Sobayo: From the Depths of Makoko to Heights of Fencing
In the heart of Lagos, Nigeria, amidst the bustling streets and vibrant communities of Makoko, a young talent emerged with a passion for fencing that defied expectations.Temilade Sobayo is a 19-year-old whose journey from the waterside slums of Makoko to the fencing arenas is nothing short of inspirational
Early Beginnings
Temilade’s story began like that of many children in Makoko, facing daily challenges yet fueled by dreams of a brighter future. Introduced to the sport of fencing by a dedicated primary school teacher, she found in it not just a pastime, but a path to transform her life. In 2018, at the age of 15, Temilade decided to take fencing seriously, driven by a desire to secure a better education through sports.
Navigating Challenges
Growing up in Makoko, where opportunities are often scarce and poverty is prevalent, Temilade faced numerous obstacles. However, her determination and talent soon caught the attention of local coaches and mentors who recognized her potential. With their support and
her unwavering commitment, she began training rigorously, honing her skills in épée fencing, a discipline she quickly excelled in.
Rising Through the Ranks
Temilade’s progress in fencing was meteoric. From local competitions to national championships, she consistently showcased her agility, strategy, and fierce determination on the piste. Her achievements did not go unnoticed, and she soon became a role model for young athletes in Makoko and beyond, proving that with dedication and opportunity, dreams can indeed become reality.
Impact Beyond the Piste
Beyond her sporting achievements, Temilade has become an advocate for education and empowerment in her community. Recognising the transformative power of sports, she actively encourages other young people in Makoko to pursue their passions and strive for excellence, regardless of their circumstances.
Credit Direct’s CD’LYMPICS: A Celebration of Team Spirit, Customer Connection
Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria’s leading digital-first non- bank financial services pro- viders, recently CD’Lympics—anconcluded exhilarat- ing event designed to foster team spirit, celebrate valued customers, and showcase innovative products through the power of sport.
their West African neighbours
The match will be live on DStv Ch 204 and GOtv ch 62, at 5 pm today.
The Super Eagles will also travel to Rwanda on Tuesday for their second group D match.
Edo Dynamo Wins Bright Osayi-Samuel U-13 Tourney
Stakeholders in Nigerian football, including some exinternationals, were full of commendation for Super Eagles star, Bright Osayi-Samuel, for providing a platform for aspiring footballers to exhibit their skills and also win some money playing the game.
The stakeholders were among football fans at the Crescent Sports Centre, Irirhi, Benin, Edo State, on Thursday, to witness Edo Dynamo FC’s 1-0 defeat of Rising Stars of Auchi in the final game of the maiden Bright Osayi-Samuel U-13 Football Tournament, which featured youth teams from all the zones of Edo State. Wisdom Eguamwense of Edo Dynamo FC scored the only goal of the final to hand his team the trophy and the N1 million cash prize. Eguwmwense also won
the top scorer of the tournament award with his six goals. Before the final, Rockers FC defeated Ugbowo Bombers 3-0 to win the bronze medal of the tournament sponsored by Fenerbahce and Super Eagles star, Bright Osayi Samuel, who
As part of the side attractions on the final day, Edo State Sports Writers met with the state’s chapter of the Nigeria Football Coaches Association in a novelty game won 1-0 by the Felix Evhodi-led coaches body.
The event proved to be more than just a sports event; it was a high-energy celebra- tion that combined athletic competition, team bonding, and product showcases while honoring valued customers.
“CD’Lympics is all about
The heart-pounding African Knockout Championship (AKO5) rocked the capital city as the THISDAY Dome transformed into a battlefield of unparalleled action and excitement. Enthusiastic fans were treated to a spectacular evening, witnessing fierce showdowns across multiple weight divisions including featherweight, middleweight, lightweight, and women’s bantamweight.
In a riveting main event, Nigeria’s own Segun Ogunnoiki, aka “Machine Gun Shegz,” clashed with Ivory Coast’s formidable Yao Marcel in a high-stakes battle. Segun’s dominance shone through as he claimed a TKO victory in
teamwork, fostering a strong culture of energetic people who work hard and play hard. I am grateful for every- thing Credit Direct contributes to FCMB Group and Nigeria,” said Ladi Balogun, Chairman, Board of Directors for Credit Direct. Reflecting on the event, Chukwuma Nwanze, CEO of Credit Direct, added, “CD’LYMPICS is a testament to our commitment to building a vibrant and inclusive culture. It’s about bringing our people and cus- tomers together to celebrate what makes Credit Direct unique—our energy, our in- novation, and our dedication to nurturing strong customer relationships.”
the first round, securing all four points in impressive fashion.
The co-main event featured Nigerian warriors Venatius Iyinagolu and Melvin Ugochukwu facing off in a thrilling matchup that kept the crowd on the edge of their seats.
Venatius emerged victorious with a remarkable TKO finish in the first round, sending the arena into a frenzy of cheers and applause.
Fans witnessed the return of the resilient Jackiel Ayana, also known as “The Smiling Assassin,” as he triumphed over Togo’s Fred Kudzete in the featherweight division.
The women’s bantamweight category delivered intense action as Theresa Ajiboye secured a
Building on its tradition of exceptional people en- gagement, CD’LYMPICS continued Credit Direct’s commitment to fostering a strong, unified workforce. Following last year’s suc- cessful Innov8Fest—an event that championed innovation and collaboration to drive business excellence, CD’LYMPICS brought together a diverse team from across 28 states. Participants engaged in various activities, from traditional to board games such and creative challenges, all hosted at the University of Lagos Sport Center.
unanimous decision win against the
Amenan
The night featured explosive moments such as Xavier Adams’ lightning-fast knockout victory over Dennis Stones in the light heavyweight division, a mere 19 seconds into the bout. The featherweight clash showcased Morocco’s Faout Youseff executing a secondround armbar submission to defeat Kenya’s Victor Andere in a thrilling fashion.
Group Chairman, Credit Direct Limited; Ladi Balogun, members of Credit Direct team and some members of the Lagos State Referee Association at the CD’Lympics Games and sporting events held recently in Lagos
Temilade
Sports Minister, John Owan Enoh (left) with Onyinyechi Mark, shortly after the para-powerlifter won Nigeria’s first gold medal of 2024 Paralympic Games in Paris yesterday
Chief Sam Awiaka @ 70 Birthday Golf Tourney Ends in Style
AKO5 Ignites Abuja with Electrifying Combat Showcase
tough
Kouassi from Ivory Coast.
Segun Ogunnoiki
Edo FA Chairman, Fred Newton Erhunmwunse, meeting the players before the final game of the Bright Osayi-Samuel U-13 Tournament in Benin...on Thursday. hails from Edo State.
‘Counsel’, ‘Litigation’ Uncountable
THE NATION of September 2 welcomes us to the first of ‘mber’ months and countdown to the end of the year with just two gaffes: “Fed Govt reads riot act to airlines” Stock expression, headline dictates of journalism notwithstanding: the riot act
“As Nigeria celebrates its upcoming independence anniversary, its education sector lays (lies) prostrate.”
THE NATION of August 28 goofed twice: “Recently in Washington DC…encounters (encountered) her in this all-revealing interview.”
“I know that something is wrong between me and my girlfriend” Romance: my girlfriend and me (as the object), but subjective form: My girlfriend and I—not ‘me and my girlfriend’ or ‘I and my girlfriend’!
THISDAY of May 13 dealt crudely with the English language: “In the first quarter of this year, that is between January to (and) March 2013….” Or from January to March. But, hold on: who does not know that the first quarter of any year refers to January, February and March? Does the publication think that its readers are daft? This is too boyish, loose and uneducated for an editorial!
“Local refineries are also springing up with all the pollution that come (comes) with the activities.”
“…to serve as a deterrent to other people who plan to stealing (steal) our oil.”
Lastly from THISDAY under review: “It is therefore time that the authorities took (take) serious measures against these criminals.” Alternatively: high time…took. Got the point?
Next is THISDAY POLITICS/MONDAY DISCOURSE: “…no other parts (part) of the country is completely safe.”
“Libyan anti-terrorist gunmen lift siege of (to) ministries”
“ECOWAS condoles Nigeria (condoles with Nigeria) on death of two statesmen”
THE GUARDIAN of May 14 is the next newspaper on our radar: “For long, Nigeria and US have shared strong partnership in security cooperation except for period (the period) during the regime of late (the late) Gen. Sani Abacha when the ties were strained.”
From the Back Page of the preceding medium come these school-boy howlers: “There should be no preferential treatment for foreign trained (foreign-trained) graduates as what is good for the goose is also good for the gander.” Conscience, Nurtured by Truth: what is sauce for the goose is sauce for the gander.
Did you know that ‘big brother’—usually misapplied in Nigeria—means a sinister organization, a bully or dictator?
“Chairman of South East Governor’s (Governors’) Forum….”
“Litigations delay claims settlements—NDIC” Get it right: ‘litigation,’ like ‘remuneration,’ is uncountable. (This was detected by Kenneth Ugbechie)
The following three observations taken from Vanguard ALLURE of May 5 are from Mr. Ugbechie, too: “…whose looks belly (belie) her age.”
“When they do well, we praise them but if they ere (err), we march against them.”
Wrong: “If I was you”; Right: If I were you…. This is the subjunctive aspect of grammar. Wrong: “I wrote him”; Right: I wrote to him
Avoid circumlocutions: “despite the fact” (although); “owing to the fact” and “for the reason that” (as/because); “in addition to which” (and); (Source: Correct English by J. E. Metcalfe & C. Astle)
Daily Independent Online of May 16 circulated two infelicities: “…the amnesty deal has run into murky water (the murky waters)….”
“Pre-schoolers (Pre-scholars, you mean?)
handling hi-tech with kids’ gloves” Education Today: kid gloves
Daily Trust of May 15 contributed the next three infractions: “Delta swears-in electoral commission for LG polls” Is it the commission or its members that were sworn in (take note of the phrasal verb)? Also note that ‘swearing-in’ is correct as a noun.
“Federation polls: Elected members walk out in protest” An example of half-literacy: ‘walk out’ demonstrates ‘protest,’ among other meanings. So, why the redundancy?
“Back to the second subject matter, white elephants projects dot the construction landscape of the nation.” (Leadership, May 9) This way: white elephants dot…away with ‘projects’!
“He described him as an examplary (exemplary) politician and enjoined others to emulate him.”
“Inspection at (on) the premises of the owners will go a long way in decongesting the ports.”
“Man arrested over wife’s death” The man was arrested for his wife’s death.
“Recently, the chairman of Parents/Teachers Association of Federal Government College....”
Education: parent-teacher association.
“Remember the police are under the control of the Lord of Aso Rock who received no less than thirty million naira, unsolicited, from the Anambra-born moneybag (moneybags) when he contested the presidential election in 1999”
“If the university authorities are interested in standards, what have they done about standards in (on) the main campuses?
“I’ve seen too many progressives turn cold turkey in the end in spite of their honest efforts at the onset (outset, in this context) to change the system.”
Globacom’s 21st Anniversary, August 29, 2024: “The successful bidding process, award of GSM licences and eventual launching (launch) of the services of the operators in Nigeria give cause for celebration.”
To My August People
August has always been a special month in our household - but the “my” in our headline today is not indicative of a narrow personal celebration. It is about selected Nigerian entertainers born in the month of August (if the online details of their birthdays are to be trusted). But what makes August people special? The internet is awash with experts (and pseudo-experts) on zodiac imputations and personality trait adherents. A careless ‘follow-follow’ of their wares can lead the unwary into mental exhaustion, and traumatised unreal lifestyle.
Let us take a quick look into the personality traits of August people through the offering of a fairly serious website: (https://www.jagranjosh. com/general-knowledge/born-in-august-knowinteresting-personality-traits-career-and-love-lifefacts-). “August-born people value self-respect and being self-reliant. This quality makes them good with money also. They are quite proficient at saving their own money or managing different sources of income. They love luxury… (They) are self-motivated, enthusiastic, stubborn, and energetic. They are always one step ahead to foresee obstacles ahead in your path… They are crazy about being on the top or being successful. They do not give up easily.
“They are quite social yet selective about who they let in their close friend circle. They are slow to open up to anyone or let in on their secrets… (They) are effective communicators… Their inquisitive nature makes them quite welllearned about many things and hence they are able to strike up a conversation about almost anything with ease.
“August-born people are also a lot of times the center of attention in a room of people..”. There you have it.
Globally, the roll call of famous personalities born in August is quite impressive: Kobe Bryant, Michael Jackson, Barack Obama, Chris Hemsworth (Thor), Dua Lipa, Neil Armstrong, Usain Bolt, Kylie Jenner, Roger Federer, Napoleon Bonaparte, Warren Buffet, Cameron Diaz, Madonna, Satya Nadella (CEO of Microsoft), Mother Teresa, Saif Ali Khan (Bollywood star), Rajiv Gandhi (ex-Indian PM),
Dorabji Tata, etc.
So, who do we celebrate here as the auspicious August 2024 bids us farewell today? Below are our entrants and a shortlist of their accomplishments, even as they continue to live out their talents and enterprise.
KINGSLEY OGORO (29 August)
Music producer, studio owner, movie director, etc.
His first love is music, perhaps followed by studio production management…(well, long before that, he was struck by the thunder of dancing - as he got to the finals of the then popular John Player Disco Dancing Championship). Then he fell in love with movies, and he has not stopped acquiring the most modern production equipment (another of his passions)...beyond digging out a massive one-shop studio facility in Surulere, Lagos.
Ogoro also scripted, produced or directed the following flicks: Osuofia in London, Dangerous Babe, The Return (all 2003), Osuofia in London - 2, Veno, Across the Niger (all 2004), The Widow (2005) and Heartbeats (2008). In a number of the movies, he did all the works! Another of his strong points is composition, and soundtrack productions for countless movies, either produced by him or via his studios.
Ogoro graduated from the university in 1988 with a first degree in Banking and Finance, no wonder his first love, entertainment, received the benefits of a keen financially sound enterprising mindset. A couple of days ago (on the 29th), Ogoro ticked 59 on the age calendar.
NGOZI NWOSU (1 August)
Unpretentious and open as a solid book, Ngozi Nwosu compels attention, if not affection, by the sheer force of her wit and presence in sundry roles she has undertaken.
Adept in English, Yoruba and Ibo languages, Nwosu started her acting career quite early… rolling across locations with the Yoruba dramatists of the eighties, before landing on the epochal set of Living in Bondage as Ego (1992). She was effervescent in Zeb Ejiro’s Ripples (1988) as Madam V-Booth, and in Amaka Isaac-Ene’s fantastic sophomore, the TV sitcom, Fuji House of Commotion, as Peace (is there any pun more
“…he had to abandon the bicycle that we borrowed (lent) him for that purpose and made a hasty retreat to Jos.”
“Niger threatens to hands-off (hands off) sponsorship of pilgrims”
“A senator who muted (mooted) this idea had this do say…”
“…in their heydays (heyday) they never imagined the time would ever come….”
“The day after the panel’s first meeting with the un-amused president (a comma, please) one of the commission’s counsels....” ‘Counsel’ is unchanged even in plural applications.
“From the foregoing, Japan seems to have learnt it’s (its) lessons from the atomic bomb episode.”
“...it did happen leaving immense tragedy and loss in (on) its trail.”
“And I am not just talking about the siege armed robbers have laid on (to) the home of virtually every Nigerian, high or low, rich or poor.”
“That was what I had at the back of my mind when I almost stopped my junior (younger) brother.” ‘Junior’ is used in official communication, while ‘younger’ applies to unofficial environments.
Truth and reason: “President Bola Tinubu has charged security chiefs to ensure that there is conclusive (a conclusive) victory over the myriad of security threats facing the country.”
“The plane conveying the body arrived at about 3.30 p.m. yesterday.” Exactitude counts: either at 3.30 p.m. or about 3.30 p.m.—depending on intended context. ‘At about’ cannot co-function to foreclose confusion based on differences in interpretation. When you are sure of the exact time, you use ‘at’. Otherwise, ‘about’. Do you understand, my dear reader?
“Late (The late) Governor Akeredolu passed away in Germany on December 26, 2023.”
stretched than this?)
Nwosu, who hails from Arochukwu in Abia State, lost her father to the Biafran/Nigerian Civil War, while she had all her education in the mainland area of Lagos State.
In 2012, the 61-year old thespian fell ill, and a very serious diagnosis laid her prostrate for a few years. Now, hale and hearty after the trauma of a health challenge that received mindless media speculation, the avant-garde actor continues to stun her audiences just as she did in LIB with a kissing scene which flummoxed the 90s audience for many years.
Disarmingly charming and affable, she pulled her weight admirably in several works, including most of the following: as Ego in Living in Bondage (1992), Circle of Doom (1993), Thunderbolt: Magun (2001), A Cry for Help, Fake Doctor (both 2002); Dry Fish, No Shaking (both 2003); Dark Secret (2004), Adun Ewuro, Greatest Weapon, Tanbóló (all 2006); Old Cargos, The Prof and Den-Gun (both 2007); My Darling Princess, Throne of Tears (both 2008); Stigma (2013), Skinny Girl in Transit (2015), Isoken (2017), Little Drops of Happy, My Wife and I, Benson Ville (short, all 2017); Sade, Knock Out (both 2019), Sweet Face, Light in the Dark (both 2020); and Dream Job, Crazy Grannies, (all 2021). She has not stopped hitting locations: she was in Before Valentine’s, Ije Awele, Finding Ireti, The Silent Baron, The Pattern (all 2022); and in 2023: Domino Effect, The Hunter, High School Magical, (etc.) Unrelenting.
FUNKE AKINDELE (24 August)
This multi-talented woman kicked off her acting career with spots on a fairly long-running sit-com, sponsored by the UN Population Fund, I Need to Know (1998 - 2002). With her popular moniker, Jenifa, the grouchy self-inflated role has etched her image into popular imagination - a staple that was ripped from the fairly successful original two-part movie, Jenifa (2008), directed by Muhydeen Sasiliu Ayinde; and shredded into a weekly TV menu, Jenifa’s Diary (2015 - date).
Remarkably, in spite of its sometimes turgid plots, the lively and unpretentious characterisations give the sitcom a real-life feel, thus making it
a very successful franchise. Olufunke Ayotunde Akindele has continued to squeeze the franchise, and the current reality is that even after over 300 episodes, it’s still capable of giving more. A credit to the live wire the concept has become. As a spin-off, she has also wangled out 18 episodes of Aiyetoro Town, on YouTube (from July 2019), so named after the fabled village Jenifa initially sprung from, in the break-out Yoruba video.
Some of her later titles include Dwindle (2021), Chief Daddy 2: Going for Broke; Far From Home, Battle on Buka Street (2022); She Must Be Obeyed, No Way Through, A Tribe Called Judah (all 2023); and House of Ga’a - Ayinba (2024).
Akindele has starred in more than 60 movies, mostly in Yoruba; however her (first) biggest box-office (was) Omo Ghetto: The Saga (2020) which in 2021 was reported to have outstripped the highest grossing film, by a fair mile. The 40-year old movie mogul became a bankable project subsequently. Her next work, Battle on Buka Street, outstripped Omo Ghetto as the highest box office when it grossed, according to media reports, in excess of ₦640 million in 2022.
As if that was not staggering enough, figures in public space gave her current movie, A Tribe Called Judah, the suggestion of the African champion box office spectacle with sums globally collated to be in the north of ₦1.5b!
Yet, she is not just a money spinner, she is also critically acclaimed for her acting prowess. With Jenifa’s Diary, Akindele has won the Best Actress in a Comedy award at the Africa Magic Viewers Choice Awards in multiple years: 2016, 2017, 2020 and 2022,
To all my August people, some of whom - for lack of space and recollection - we can only mention in passing, may your days and legacies be long.
(To Continue)
TRUTH & REASON
Saturday, September 7, 2024Price: N400
MISSILE
Godwin Emefiele to Nigeria
“The Dangote Refinery has the capacity to produce 650,000 barrels per day...it is going to be major forex saving for Nigeria. And if you look at the cost of freight alone, it is a major saving for Nigeria...if we have to go to Europe or other parts of the world to bring in petroleum products, where Nigeria pays heavily in freight and in stocking...Nigerians would benefit a lot from the Dangote Refinery...we know that refineries abroad are already scared...” – Former CBN Governor, Godwin Emefiele, in retrospective warning, argues Nigeria can only float Naira after Dangote Refinery starts.
OKEY IKECHUKWU
Sub-National Governments as Illusion
But wait: Do Nigerians really know the demands they ought to make of their governors, local governments chairmen, state Houses of Assembly, etc.? As thraldom and misery have taken up permanent residence in our subnational governments, do we all really care what people who are supposed to be dealing with leadership at subnational levels are doing with our money and with themselves? I think not. And that is because everyone has been living with barely-performing subnational governments.
Scenario number one: A local government chairman receives the sum of 150 million Naira in one month on behalf of his local government and nothing happens. Yes, nothing happens; and no one can see or tell what he did with it. The month before, the same local government chairman received the sum of 180 million and no one asked him what happened to is, or what he did with it. Since he became local government chairman, less than two years ago, his fleet of cars has increased. So has the size, and cost, of his residence. He even now has a hotel, as well as a big house, in the state capital.
Scenario number two: There are Ward and Council Chairmen in the local government. All of them carry on either as if they owe no one any responsibilities, or as if the schedules assigned to them by law do not even exist. Yet they are all on the organogram designed by the framers of our constitution for effective leadership and good governance. No questions are asked by the people. And that includes mostly traditional rulers, religious leaders, town unions, district and village heads in the local government; who ought to be custodiams of propriety.
Scenario number three: The entire supply of truckloads of bags of rice, (read palliatives) sent to a particular state of the federation from the centre was sold off, stock, lock and barrel by the governor, along with very people who are supposed to help him act as custodians of service delivery and defenders of the people’s well being. In short, the goods did not get to the people in whose name it was sent to the state because of the “subversive patriotism” or elected leaders.
And then this noisy talk, allegedly true, that the thousands of tons of fertilizer meant for farmers in some parts of northern Nigeria got sold off to our Cameroonian neighbours? Just saying.
Scenario number four: A state governor pulls out billions of Naira every month as security vote. Every month security worsens in the very state wherein these billions are being routinely pulled out from. No one asks questions about the increasing size of governors’ security votes and the increasing levels of insecurity in the states. Truth be told, the problems of Federal republic of Nigeria today are not all about the Federal Government. Subnational governments are all lying flat on its stomach, bereft of all dignity and unwilling to take responsibility in many respects. Unable to present a cohesive leadership front, state and local governments, Counsellors and Ward Chairmen are part of the furniture in their respective neighbourhoods. It has been thus for a long time now, and it is as if we are all enveloped in an incubus of snarling befuddlement that rules out any inclination to question what is wrong.
That is why we are dragging towards a benighted terminus, because Nigeria’s subnational governments are mostly now a metaphor for how to exist without really living. We are told that the governors are in charge everywhere, and in that the local governments are emasculated and even underfunded. We are further told that the Chairmen are all twisting and turning piteously in subdued pain and near-asphyxiation. But are they really?
We are told that the local governments are ridiculed, swindled and roundly scandalised on all fronts by an elaborate scheme of the governors to maintain a stranglehold on them, in order to drain and use their resources. That, we hear, is the reason why there is not even a shadow of accountability and responsible service delivery at that level of government. It is all said to be a grand text for nominal and fraudulent leadership and service delivery, we are told.
True, many local government chairmen have found themselves in a system that excludes them from the very powers they are supposed
to exercise. But that was before the Supreme Court judgment. What their equivalents all over the world are doing as a matter of course they cannot even contemplate. There is, for most of them, a strange identity crisis and an uncertain groping for validation, despite that landmark judgment. That level of government seems to be under a strange spell, with the denuding assaults of governors that seemed determined to annihilate them, until a few months ago.
The failure of constitutional provisions, the failure of reforms, and the decades of aggravated misconduct have all combined to almost make plain nonsense of our local government system. It is a matter of fact, and record, that the nation has lived with this reality for very long before the current government That is why the land and the people now bleed from all pores. Local government administration lacks relevance in every sense of the word. It is mocked by the wretched profile of its most visible political actions and actors. It crawls about in recondite and narrow corners, scandalized by everything it ought to stand for.
Look around you calmly and you must conclude that there is really nothing happening in our local governments. It boasts the most disregarded clan of political leaders. It is the least considered in many ways, notwithstanding the Supreme Court judgment. For decades now, its misfortune has lingered; until it became the norm. A massive industry of fraud sprung up, and now still thrives, around our local government system.
Much of the insecurity in the land remains a matter that intel from local governments can help with. The Airforce has been bombing and destroying illegal refineries for years now. This year alone several hundreds have been “destroyed”. Really?
Recall that some three years ago Nyesom Wike directed all 23 Local Government Chairmen in his state to hire bulldozers and destroy the illegal refineries in their respective local government areas. Four days before the directive, he said to the LG bosses, as mentioned in an article titled, “Governors, Just Look at Wike”: “Now, every council Chairman must go and identify illegal refineries … and you’re given 48 hours to go and identify all illegal refineries sites, and those who are in charge of them. … Our people are dying and we owe our people the responsibility
But wait: Do Nigerians really know the demands they ought to make of their governors, local governments chairmen, state Houses of Assembly, etc.? As thraldom and misery have taken up permanent residence in our subnational governments, do we all really care what people who are supposed to be dealing with leadership at subnational levels are doing with our money and with themselves? I think not. And that is because everyone has been living with barelyperforming subnational governments
to protect them, to save them from death”.
A few weeks before this directive, Wike went about commissioning several completed, and wellexecuted, projects. Concerning where the huge sums of money came from, the then governor announced that it was from massive tranches of cash he received in arrears from the Federal Government. Not quite done, he went ahead to tell Nigerians that all other oil-producing states in Nigeria received their shares of the same arrears. Then, he challenged the governors concerned. He asked them to explain what they did with their own share of the windfall. “Then, his colleague oil-producing governors started speaking in tongues”.
But that is not the point here. Wike is also not the point. It is all about tying the fortunes of the people to the tenure and continuity of subnational governments and their confirmed relevance in their respective domains. Wike’s handling of local government officials at the time pointed to what is possible; even if it was coming from an unlikely source. It was a pointer to what demands could and should be made on some subnational governments as elected leaders who should be part of the nation’s cohesive national leadership, service delivery and security architecture.
As was said back then, “That Wike called on the 23 Local Government Chairmen in Rivers State out was his way of putting responsibility for some aspects of environmental awareness and security squarely at the door step of those who are supposed to be closest to the people: and who should therefore know what is going on at any point in time”.
Will all our LG bosses, where they exist in real terms, not be forced to take their jobs seriously, if their governors are breathing down their necks? Will these chairmen not, in turn, descend on their largely idle Ward and Council Chairmen?
Will this then not eventually bury the thriving expectation that we should all continue pretending that it is the business of the Federal Government in Abuja to address all local issues that a passing knowledge of one’s living environment should enable us to deal with?
As said then, regarding Wike’s Riot Act to LG Chairmen: “The beauty of Wike’s intervention … lies in the fact that he is calling out politicians who are in office as servants of the people to do their work. He is also, metaphorically speaking, asking his fellow governors and their LG Chairmen to do their jobs. They are being told that they have a duty to identify criminality and propose ways of dealing with same, in their largely closely-knit communities where everyone knows what everyone else is doing. He is saying that it is not right that people should carry official titles/cars and have their names on the government payroll, without actually being on the job”.
With the intervention of the Supreme Court, the days of our governors being sole administrators are over, and the reason is simple: “Being a governor, or a local Government Chairmen, has job description and role expectations in other climes. Enough of everyone pretending that we don’t know what’s going on and who is doing what”. The six months moratorium will soon be up. We suspect that this is a “political’ ploy, to enable the governors plug in their stooges and continue the old merry-g-round. But for how long?
