MONDAY 9TH SEPTEMBER 2024

Alake Hails $1bn Proposed Iron-ore- to-steel Project in Solid Minerals Sector

Says it will enhance FG’s local value-addition model

Development, Dele Alake, yesterday hailed the $1 billion new

Opposition PDP is Dead, Kwankwaso Declares

Chuks Okocha in Abuja

National Leader of New Nigeria People’s Party (NNPP), Senator Rabiu Kwankwaso, has described the Peoples Democratic Party (PDP) as dead, saying the party has

the

Rewane: Petrol Price Hike’ll Transfer N5trn from Nigerians to Govt, Worsen Energy Poverty

Situation may trigger social unrest

Says improving GDP numbers masking economic realities

Price of Dangote's refined petrol to be set by international crude oil price

Dike Onwuamaeze

Prominent Nigerian economist and Chief

Executive Officer of Financial Derivatives

exchange rate of the naira, as liquidity decreased, but it “may instigate social unrest as citizens react in frustration”.

Company

Limited (FDC), Mr. Bismarck

Rewane, has projected that the latest increase in the pump price of petrol by 50.1 per cent, from N568 to N855 per litre, would take N5 trillion from Nigerian consumers to the government and heighten energy poverty.

Rewane also predicted that the new price of petrol would increase the number of Nigerian citizens trapped in energy poverty to 168 million in 2025, from 161 million in 2023.

He added that though the price hike could strengthen the

Rewane made the projections last week in his monthly presentation at the Lagos Business School (LBS) Breakfast, titled, “All That Glitters are Not Gold.”

He stated that commencement of petrol production by Dangote refinery would offer relief to consumers by addressing the supply challenges, but price of petrol in Nigeria would be determined by the global price of crude oil.

“The macroeconomic and

Emmanuel Addeh in Abuja The Minister of Solid Minerals

Tinubu’s China Visit: REA Says It Got Commitment for World Class Mini-grid Simulation Centre

Emmanuel Addeh in Abuja

The Rural Electrification Agency (REA) has said it received a commitment for the establishment of a world-class mini-grid simulation and technical standardisation centre in Nigeria during President Bola Tinubu‘s visit to China.

A statement by the organisation stressed that the planned facility will feature advanced simulation laboratories equipped with cuttingedge simulation technologies which are able to replicate a wide range of environmental conditions.

“This landmark opportunity, finalised during the official visit, is a pivotal step in advancing Nigeria’s renewable energy sector, ensuring standardisation of all Rural Electrification Agency (REA) projects across the country,” the agency stated.

It quoted the Minister of Power, Chief Adebayo Adelabu, as emphasising the strategic importance of the standardisation of all REA projects and its role in safeguarding Nigeria’s ambitions for value chain localisation.

“As a significant outcome of the presidential visit to China, the Federal Republic of Nigeria has secured a commitment for the establishment of a world-class mini-grid simulation and technical standardization Centre.

Akpoti-Uduaghan Empowers 2,500 Students, Spends N27.5m on CAC Registration

Sunday Aborisade in Abuja

A member of the National Assembly representing Kogi Central Senatorial District, Senator Natasha AkpotiUduaghan, has started empowering tertiary institution students in her constituency with multipurpose business carts.

She has also launched a free Corporate Affairs Commission (CAC) registration of 2,500 Small and Medium Enterprises (SMEs) in the district totalling N27.5 million for students.

A statement by her media aide, Israel Arogbonlo, yesterday said the initiative, was part of Natasha’s continued efforts to drive innovation in governance and impact the lives of indigent students of Kogi Central origin in tertiary institutions across the country.

The statement read in part: “It also makes it possible for students, market women, and other business owners to register their businesses with the CAC at no cost. The distributed business empowerment carts are aimed at fostering self-reliance and entrepreneurship among the students.

“The initiative is designed to equip them with the skills and resources necessary to start and grow profitable businesses, ensuring that they contribute positively to society after graduation.

“This proactive measure will help reduce dependency on government support and ease societal burdens. The flag-off of the free CAC business registration also helped the students to register their businesses on the spot.

“Other business owners were also helped to register their businesses with certificates of registration presented to them on the spot. With the flag-off, the CAC business registration across Kogi Central will commence in each of the constituency offices in the five local government areas to capture 2,500 SMEs”

The registration, which would have cost N11,000 each, the statement said, was paid for by the lawmaker,

its way and was no longer a relevant force in Nigerian politics.

“The Peoples Democratic Party (PDP) is already dead because they have deviated from their original principles,” he said.

Kwankwaso said that why he and others left the party.

“I wish to remind you that PDP is dead because we left the party. Since they have gone out of the line, we decided to check out,” said the NNPP leader.

He claimed his party was ready to take over the presidency in 2027 and win more states.

Kwankwaso, who boasted of becoming the next president by the next election cycle, said Nigerians should not be deceived by gifts or money during the next general election.

Katsina State NNPP chairman, Armaya’u Abdulkadir, said the

“This Centre is not just about efficient deployment of REA projects, it’s about protecting our investment in the renewable energy sector by enhancing the quality and specification of renewable equipment deployed across the country.” the minister stated.

The simulation centre will feature advanced simulation laboratories equipped with cutting-edge simulation technologies, able to replicate a wide range of environmental conditions, including extreme weather scenarios, to assess

the long-term reliability and efficiency of renewable energy systems, the statement added.

According to the REA, this will bolster Nigeria’s position as a leader in the African renewable energy market and facilitate the export of locally manufactured technologies. It will also serve as a research and development hub for research and development, fostering innovation in renewable energy technologies, it said.

This simulation centre, it said, is a cornerstone of Nigeria’s broader

industrialisation agenda, reducing reliance on imports, enhancing domestic capacity, and positioning the country as a competitive player in the global renewable energy market.

Moreover, it will play a crucial role in safeguarding Nigeria’s value chain localisation ambitions.

“This agreement is one of the key outcomes of Mr. President’s visit to China, underscoring the importance of strategic partnerships in driving Nigeria’s energy transition and economic growth.

“The honourable minister

echoed Mr. President’s sentiments, highlighting how this collaboration aligns with Nigeria’s broader goals of industrialisation, energy security, and climate resilience,” the REA statement explained.

REWANE: PETROL PRICE HIKE’LL TRANSFER N5TRN FROM NIGERIANS TO GOVT, WORSEN ENERGY POVERTY

welfare impact of the new price of petrol, now adjusted to N855 per litre from N568 per litre, implies that N5 trillion is withdrawn from consumers and transferred to government,” he said.

covering the total cost of N27,500,000 for the registration of all 2,500 SMEs.

The statement also quoted AkpotiUduagha, a social entrepreneur, advocating for self-reliance and skills for sustainable development before becoming a political reformer, as stressing the importance youths empowerment.

The Chairman , Senate Committee on Local Contents, also emphasised the importance of learning about the ecosystem of a business.

She added that it had become necessary for business owners to register their businesses as it is the foundation of any legal business to acquire the right benefits.

She disclosed that the 2,500 businesses that will be registered by the CAC are already taken care of by her office.

She explained that the business carts are given to the National Association of Ebira Students (NAES) in the selected institutions to run the business and support the students who are underprivileged in their midst.

The lawmaker gave each of the beneficiaries start-up fund and a token for their transport to their various destinations.

The CAC team led by CAC FCT Zonal Office, Mr Bello Muftahu, said they were around to carry out the business registration as part of the fulfilment of the law, adding that such businesses will have legal recognition and allow them to access government and private grants and loans.

Muftahu prayed God to continue to enrich the lawmaker for the good initiative she brought to her people.

The beneficiary institutions include: Kogi State Polytechnic, Lokoja, Kogi State University, Anyigba, Ahmadu Bello University, Zaria, Confluence University of Science and Technology, Osara, Federal College of Education, Okene, Bayero University, Kano, Federal Polytechnic, Nasarawa and Kaduna State Polytechnic.

party in the state was doing everything possible to enlighten the electorate on its new logo.

Abdulkadir said the new logo symbolised education for all, which was the main focus of the Kwankwasiyya leader.

“There’s the need for the party to embark on grassroots sensitisation to inform the members on the importance of the new logo,” he said.

But National Publicity Secretary of PDP, Debo Ologunagba, said, “Our reaction to the statement credited to Senator Rabiu Kwankwaso is that he is very inconsequential in the Nigerian national politics today, judging from the fact that he is struggling to lead a party called NNPP, which is also struggling to control only one state.

"It is unfathomable to imagine

According to him, this can lead to re-inflation in September as logistics cost escalates and consumer demand suffers a decline due to income squeeze, while “energy poverty could quicken to 76.3 per cent (168 million) in 2025 from 71 per cent (161 million) in 2023.

“Exchange rate could strengthen as liquidity decreases and fiscal deficit declines as government revenue increases.”

Rewane said the start of petrol production by Dangote refinery “will offer relief to consumers by addressing the supply challenges, guarantee the quantity and quality of refined products, but not the price, as no producer will sell below its production cost”.

Therefore, the “domestic price of petrol depends on the global price of oil”, but “smuggling of petrol to the ECOWAS region will reduce as Dangote Refinery can sell directly to those countries”, he said.

Rewane added, “Nigeria’s demand for PMS will stabilise at 35 million litres per day.”

the visit of President Bola Tinubu to China in Beijing, Alake pledged the cooperation of the federal government with the promoters to ensure the delivery of the project as fast as possible.

He said the federal government had reversed the pit-to-port policy under which mining companies exported raw minerals to extraction with local value addition which is the best guarantee of jobs for the youths, skills transfer and better balance of trade between the country and her trading partners.

Alake, according to a statement by his Special Adviser, Kehinde Bamigbetan, noted that to

that a failed and inconsequential politician with only one state would claim that a party that has 13 governors, many senators, many members of the House of Representatives, several state assemblies and strong presence in all the local government areas and wards across the country is dead

"More disturbing is that Senator Kwankwaso has exhibited extreme selfishness and self-centredness, which shows that he is not a leader.

"It is unfortunate that at this time when the PDP and patriotic Nigerians are speaking out against the excruciating hardship in the country occasioned by the anti-people policies of the APC administration, at this time, including in Senator Kwankwaso’s home state.

"Kano people are dying of

He said the macroeconomic impact of the Dangote refinery would include increase in petrol supply, elimination of petrol queues, improvement in quality of petrol product, increased GDP aggregate output, improvement in balance of trade, and bolstering of employment opportunities in the economy.

Rewane stated that analysts’ expectation of an end in monetary tightening after 850bps increase in Monetary Policy Rate (MPR) might be unrealised, as the new increase in petrol price and its inflationary pressure might hinder the Central Bank of Nigeria (CBN) from reducing rate.

According to him, “The petrol price spike will renew inflationary pressures. Therefore, analysts’ expectations for a slash in interest rate will have to wait till January 2025.”

Rewane added, “Fiscal policies are also needed to tackle structural inflation drivers, such as insecurity, infrastructure deficiencies and import dependence.”

He said the current statistical data on the country’s GDP numbers might be masking the economic realities, and projected that the outlook for third quarter (Q3) 2024 remained cautiously optimistic.

promote local value-addition, he had announced that applicants for licences to mine must disclose plans for processing the raw minerals as part of the conditions for approval.

“The trade balance between Nigeria and China is over $1 billion in favour of China because the minerals imported from Nigeria are essentially in raw forms.

“Once Nigeria starts to export finished or semi-finished value-added mineral products to China and other trading partners, our balance of trade will be more favourable, and our foreign exchange earnings will

hunger and starvation; when over 150 million Nigerians have sunk deeper into poverty, when millions of Nigerians are daily losing their means of livelihood; at the time the naira has fallen to over N1,600 to a dollar with over 34 per cent inflation rate; in the wake of APC’s brutal increase in the price of petrol to over N1,200 in various parts of the country.

"The only thing that occupies Senator Kwankwaso’s mind is his self-centred pipe dream of becoming president. It is very unfortunate. So the PDP does not intend to join issues with him on such display of self-centredness and insensitivity.

"In any event, whatever political relevance Senator Kwankwaso believes he has achieved, he did so only when he was in the PDP.”

Rewane attributed the higher GDP growth to base effect, as he revealed that the Q2 economic conditions were poor as “business activities and other sectors were contracting simultaneously in a retail-driven economy”.

He said in Q2 2024, of the 46 activities tracked by the National Bureau of Statistics (NBS), only 10, representing 27.74 per cent of the GDP, expanded during the period, while 25 and 11 activities monitored in the NBS report, representing 54.35 per cent and 23.91 per cent, respectively, slowed down and contracted.

He stated, “Sectors that expanded in Q2’24 are mainly labour inelastic sectors”, while labour intensive sectors that lagged during the period increased by 8.69 per cent, from 32 in Q2’23 to 36 in Q2’24.

Comparing sectorial growths between Q2’23 and Q2’24, Rewane pointed out that manufacturing slowed to 1.28 per cent, from 2.20 per cent; agriculture slowed to 1.41 per cent, from 1.50 per cent; construction slowed 1.05 per cent, from 3.27 per cent; real estate slowed to 0.75 per cent, from 1.70 per cent; and trade slowed to 0.70 per cent, from 1.31 per cent. He said the economic

improve. With aggressive local value addition and the revenue from it, the prospects of reducing our debt burden in the nearest future is possible,” he said.

Presenting the Memorandum of Understanding (MoU) signed by both companies to the minister, Chief Executive Officer of Chart and Capstone Integrated Limited, Chief Abel Edijala commended the him for putting in place an efficient licence application process that works without red tapes and corruption.

“ We applied for an exploration licence for our iron ore mining project at the Mining Cadastral Office, and we did not need to see anybody before our application was approved within a reasonable period. This shows that the system you have put in place is fair and works for all. I must commend you for this,” Edijala said.

He explained that the model is that the iron ore site will feed the steel manufacturing plant and grow to service the needs of the Nigerian economy for industrialisation.

Edijala further stated that the project will require tax waivers for the importation of equipment and tax holidays during the take-off period to cope with the fluctuations in the macro-economic system and meet targets.

implications of the above were “reduced employment opportunities, slower economic growth, supply chain disruptions, increased import dependency and rising inequality and investment deterrents”.

Rewane also said increasing electricity generation to 6000MW, from 4000MW, within the next three to six months was expected to lead to a quantum leap in power supply stability.

According to him, the impact of improved power generation and supply on the economy would attract Foreign Direct Investment (FDI) inflows, enhance economic stability, encourage higher industrial output and job creation that would lead to GDP growth, as a 1000MW increase will lead to 0.5 per cent in GDP. He said it would also afford consumers reliable access to electricity, decreased cost of generator use, improved comfort and quality of life and more disposable income for other needs.

Rewane stated that increased supply of electricity would enhance investment opportunities, reduce cost of production, boost investor confidence in the broader economy, increase productivity, and improve productivity for small businesses as well.

Explaining Sinomach-He’s readiness to start the project, its Vice Manager, Hou Encai said the state-owned company was established in 1958 to meet the needs of the Chinese economy and has over 15,000 staff including 2,000 engineers on its payroll.

Encai said the company engages in mining, iron making, steel rolling, steel making, the construction of infrastructure, and handles 80 per cent of the steel needs of the Chinese economy.

“In mining, we have the technology on how to excavate the ores from the earth. We can evaluate the iron ore potential of any site and tell you what the feasibility of mineral extraction is on a site.

“Secondly, we have the equipment needed, including excavators and drilling machines for mining iron ore. For transportation of iron ore from site to the factory, my group produces the trucks,” he said. According to the MoU, Sinomach-He shall be the master contractor and deploy its expertise in the engineering, procurement, installation, commissioning, and training of the project.

Other participants at the meeting were the Executive Secretary General, Working Committee for Overseas Cooperation of China Association of Small and Medium Enterprises, Prof. He Lixiong; Chairman, Belt and Road Africa Economic Initiative, Mr. Innocent Okonkwo, Sinomach-He overseas General Manager, Li Ke, and Senior Project Manager, Deng Shiyuan.

Earlier, Nigeria’s ConsulGeneral to China, Gbadebo Afolabi confirmed the integrity of Sinomach-He, disclosing that a team from the embassy had conducted due diligence on the company and found it suitable for the transaction.

Acting MD REA, Abba Aliyu

Oil Rigs Set to Rise as Drilling Firm Announces New Awards in Nigeria

Company to drill 10 additional oil wells in Niger Delta NNPC, CMEC sign

Emmanuel Addeh in Abuja

The oil and gas sector in Nigeria is set to get a boost, with Shelf Drilling, a key player in the global industry, getting a new award in the country that will see it drill 10 additional oil wells in the Niger Delta in one and a half years.

Shelf Drilling is headquartered in Dubai with locations in Southeast Asia, India, West Africa, Egypt, Saudi Arabia, and Italy, and a sole focus on shallow water drilling.

The firm announced at the weekend that new awards for two jack-up rigs in West Africa had been secured, in direct continuation of the rig’s current campaign in Nigeria with a contract value of $60 million.

In addition, the company stated

that it secured a letter of award for the Shelf Drilling Achiever for a multi-year campaign scheduled to commence in October 2024. It said it expected to execute a contract for this programme in the very near-term.

Recently, Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed that the country’s oil rigs had increased to 30, from 11 in 2011.

Komolafe linked the increase to NUPRC and other government stakeholders’ efforts to attract confidence and certainty into the oil and gas industry.

He said, “The country now has about 30 rigs in its upstream oil and gas sector, against 11 active rigs in 2011.

“That is a huge success for us, and you know that rig count is a measure of vibrant activities in the oil industry. We have been able to attract confidence, certainty, and predictability into the industry.

“If you check, we’ve attracted capex going into billions of dollars into the Nigerian upstream. So, gradually, we are happy that we have success stories to tell just in about less than two and half years.”

The oil rig count refers to the number of active drilling rigs extracting oil from the ground at a given time. It is an important metric in the oil and gas industry, as it provides insight into the level of drilling activity, which can influence oil production levels and market dynamics.

Shelf Drilling, in an online

statement, said its Shelf Drilling Achiever rig was currently being mobilised to the West African country on a dry transport carrier, expected to arrive before the end of September 2024.

Concurrently, Shelf Drilling said it was mobilising the Main Pass IV rig using the same dry transport carrier, and the rig was also expected to commence operations before the end of 2024. It is coming months after the organisation said it was undertaking drilling activities offshore Nigeria over the period of 16 and 8 months, respectively.

The combined, estimated contract value for the two rig deals, it announced in October last year, was approximately $93 million, excluding revenues for mobilisation

NLNG's Train 7 Project: NCDMB Calls for Greater Industry Collaboration

Blessing Ibunge in Port Harcourt

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Ogbe has lauded significant Nigerian Content strides achieved in the Nigeria LNG Limited (NLNG) Train 7 Project.

Ogbe made the commendation, during a visit to the NLNG six-train plant, Train 7 Project construction site, and the NLNG Shipping and Marine Services Limited (NSML) training centre, Maritime Centre for Excellence (MCOE) in Finima, Bonny Island, Rivers State.

Ogbe was received by Mr. Olakunle Osobu, Deputy Managing Director; Nnamdi Anowi, General Manager of Production; Ali Uwais, Train 7 Project Director; Mr. Abdulkadir Ahmed, NSML Managing Director/CEO; and other senior management officials of the company.

Speaking at the construction site, the NCDMB boss emphasised the need for increased collaboration and advocacy for Nigerian Content in the oil and gas industry.

The Executive Secretary

highlighted how the Train 7 Project has significantly boosted local capacity through the production of ancillary components and accessories within Nigeria, contributing directly to the project’s successful execution.

He commended the recent Presidential Directives on Local Content implementation, which mandate that contracts in the oil and gas sector be awarded exclusively to local companies with proven incountry capabilities, as instrumental to these achievements.

Reflecting on the progress made, Ogbe stated: “The accomplishments we are witnessing today at the NLNG Train 7 Project are a testament to the NLNG’s unwavering commitment to Nigerian Content. This project stands as a beacon of what we can achieve when we prioritise our local industries and talents.”

Speaking further, the NCDMB boss lauded NLNG’s management for achieving 52 million man-hours on the Train 7 project with zero lost time injury (LTI). He assured that “we will support you to achieve everything you desire to accomplish for the overall development of Nigeria.”

The NCDMB boss also

commended his immediate predecessor, Simbi Wabote, for his immense contributions to the approval, take-off and success of the Train 7 project.

Commenting on the Maritime Centre for Excellence (MCOE), Ogbe expressed delight that it is the first training centre in Africa to receive accreditation from the UK Maritime and Coastguard Agency (UK MCA) to deliver and issue certificates for the STCW 2010 Electronic Chart Display and Information System (ECDIS) and Basic Liquefied Gas Tanker Cargo Operations courses.

The MCOE, a maritime training and research facility, aims to enhance maritime expertise in Nigeria and the West African region. It currently hosts a specialised training programme for marine services providers in the upstream oil and gas sector, with the support of NCDMB.

In his comments, the NLNG's Managing Director, Dr. Philip Mshelbila, who lauded the NCDMB’s unwavering support for the Train 7 Project, described the partnership as a shining example of the public-private collaboration that can drive Nigeria’s

industrial growth.

Represented by the NLNG’s Deputy Managing Director, Mr. Olakunle Osobu, Mshelbila emphasised that NLNG’s Nigerian Content deliverables showcase the power of strategic collaboration and capacity building, aligning with the NCDMB’s broader objectives and contributing to national development goals.

He further reiterated that Nigerian Content was not just a regulatory requirement for NLNG but a core business strategy. “We are committed to going beyond compliance, embracing Nigerian Content as a fundamental part of our vision of helping to build a better Nigeria,” he added.

Msheibila also highlighted the economic impact of the Train 7 Project, stating that the addition of Train 7 will expand Nigeria’s LNG production capacity from 22 Metric Tons (MT) to 30MT per annum, which will not only boost the nation’s economy by creating jobs and driving sustainable development but also reinforce Nigeria’s position as a formidable player in the global energy market.

and demobilisation.

The statement said, “Shelf Drilling, Ltd announced today new awards for two jack-up rigs in West Africa.

Shelf Drilling has secured a contract for the Shelf Drilling Mentor covering 10 wells and an estimated duration of 450 days in direct continuation of the rigs’ current campaign in Nigeria with a contract value of $60 million.

“In addition, the company secured a letter of award for the Shelf Drilling Achiever for a multi-year campaign scheduled to commence in October 2024. The company expects to execute a contract for this programme in the very near-term.

“The Shelf Drilling Achiever rig is currently being mobilised to West Africa on a dry transport carrier, expected to arrive before the end of September 2024. Concurrently, Shelf Drilling is mobilising the Main Pass IV rig using the same dry transport carrier, and this rig is also expected to commence operations before the end of 2024.”

Chief Executive Officer, of the Dubai firm, Greg O'Brien, stated that the new award will help the

company build on its leading position in West Africa and demonstrate the strength of the market. O'Brien said, "We are very pleased with these two awards, which build on our leading position in West Africa and demonstrate the strength of this market.

“These awards further support our decision to mobilise the two rigs from the Middle East, and we are confident that operations for the Main Pass IV will also commence shortly after the rig's arrival."

Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) and China Engineering and Machinery Corporation (CMEC) had signed a Memorandum of Understanding (MoU) for the co-funding of the Gwagwalada Independent Power Plant (GIPP) Phase-1 Project.

NNPCL's Executive Vice President, Gas Power and New Energy, Mr. Olalekan Ogunleye, and Chairman of CMEC Nigeria, Mr. Zhang Daguang, signed the agreement on behalf of their respective companies, a post on the NNPCL’s X handle stated.

FCTA Signs MoU with Chinese Firms on Solar Energy, Rural Water Supply

Olawale Ajimotokan in Abuja

The Federal Capital Territory Administration (FCTA) has signed two Memoranda of Understanding (MoU), with the China Civil Engineering Construction Corporation (CCECC) and the China Geo-Engineering Corporation Overseas Construction (CGCOC) Group for electrification, using solar power and provision of rural water supply.

The FCT Minister Nyesom Wike, signed the agreement at the weekend in Beijing, China with President of CCECC, Mr Chen Sichang and the Chairman of CGCOC, Mr. Lan Meizhong, while on President Bola Tinubu's entourage to the Summit of the Forum on China-Africa Cooperation (FOCAC).

A statement yesterday by the Director Press, Office FCT

Minister, Anthony Ogunleye, said Wike assured that the selected projects would be completed across the FCT in time for the celebration of the 50th anniversary of the creation of the FCT.

“The whole area of Maitama, Asokoro, Wuse, Central Business Area, Airport Road, down to Bill Clinton Drive will be handled by CCECC while CGCOC would handle the districts of Mabushi, Katampe and Garki,” said a quote ascribed to Wike.

As regards the provision of water, the minister also asserted that a lot of work had been done on the Greater Abuja Water Works which is being handled by CGCOC. He said the project, which was awarded several years, ago had attained 75 per cent completion and would be completed by December this year.

OBI IN KIGALI...

Presidential Candidate of the Labour Party in the 2023 Presidential election, Mr Peter Obi (L) and President of Rwanda, Paul Kagame, after a private meeting in Kigali, Rwanda … yesterday

OYEBANJI MEETS MEMBERS OF THE SENATE COMMITTEE ON YOUTH DEVELOPMENT...

NACCIMA, CPPE: Adverse Effect of FG’s Policies

Behind Declining Manufacturing Contribution to GDP

Akpan Ekpo tells FG to implement policies articulated by

Members of the organised private sector and economic experts have identified adverse effects of the federal government’s current economic reforms as the major cause of dwindling contribution of the manufacturing sector to the country’s Gross Domestic Product (GDP).

They tasked the federal government to implement favourable policies, especially the recommendations of the Manufacturers Association of Nigeria (MAN) and operators of Small and Medium Enterprises (SMEs), in order to reverse the discouraging trend.

A report by the National Bureau of Statistics (NBS) showed that the contribution of the manufacturing sector declined by 20.95 per cent in Q2'24, when compared to the same period in 2023.

The NBS report also showed that the sector's contribution declined from 16.04 per cent in December 2023 to 12.68 per cent in June 2024.

Director General of Nigeria Employers’ Consultative Association

(NECA), Mr. Adewale-Smatt Oyerinde, attributed “the distortion and declining performance in the manufacturing sector to government policies, particularly the FX liberalisation policy,” which, he argued, “is illsuited for an economy and business environment heavily dependent on imports, as it has led to increased borrowing costs and escalating import prices for raw materials and machinery”.

Oyerinde told THISDAY that the unfavourable exchange rate of approximately N1600/US$, coupled with a staggering inflation rate of 33.60 per cent, had led to a significant increase in interest rates, reaching 26.75 per cent.

He explained, "These factors have significantly increased the cost of raw materials, productive machinery, and overall production, ultimately resulting in low sales and profitability for manufacturers."

Oyerinde expressed concerns about the implications of the trend, warning that “Nigeria's collective industrialisation aspirations are at risk if the manufacturing sector

Zulum Activates Machinery to Avert Flood in Borno, Senator Wants Funds Released

Segun Awofadeji in Bauchi and Michael Olugbode in Maiduguri

Borno State Governor, Babagana Zulum, has directed the immediate activation of all relevant government resources and machinery ahead of any possible overflow of water due to the unprecedented high volume of rainfall this year and to avert any flood disaster in Maiduguri, its environs and other parts of the state.

This was as the Chairman of Senate Committee on National Security and Intelligence, Shehu Umar Buba, has expressed deep sorrow over the devastating flooding that recently ravaged communities in Bauchi State, particularly in Fadaman Mada, where widespread damage to homes and property was reported.

He, therefore, urged the state governor, Bala Mohammed, to release disaster funds for flood victims.

However, Zulum’s directive was released in a statement by his Senior Special Assistant on New Media, Abdurrahman Bundi, at the weekend.

The directive was said to have become imperative due to rising concerns about the possible overflow

of the Alau Dam, which recharges Maiduguri City’s water treatment plants for domestic use and irrigation.

According to the statement, the governor noted with concern that the high volume of rain across parts of the state mightpossibly lead to flooding.

He consequently instructed all relevant government agencies and local councils to dutifully discharge their responsibilities by continuously assessing vulnerable areas, implementing preventive measures, and conducting public awareness campaigns across all communities in their domains.

Zulum also cautioned the public to be conscious about the possible risks, be vigilant and abide by all directives from government agencies and constituted authorities on all emergency response protocols.

He directed that all local government councils should mobilise all relevant officials and units to conduct site assessments in at-risk neighbourhoods and collaborate with relevant Civil Society Organisations (CSOs), Community-Based Organisations (CBOs), community and religious leaders, and other opinion leaders and institutions.

continues to underperform”.

He cautioned that the declining sector performance would not only impact employment and government tax revenue negatively, but would also “derail activities in other sectors through economic linkages, potentially leading to a broader economic contraction”.

Similarly, National President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Kelvin Oye, said having carefully analysed the recent NBS report and its implications for the manufacturing

sector in Nigeria, he believed that the significant decline of the sector was cause for concern, because “the manufacturing industry is a crucial driver of economic growth, job creation and industrial development”.

Oye identified insufficient and aging industrial infrastructure, unfavourable macroeconomic policies, inconsistent fiscal and monetary policies, and increasing production costs as some of the hindrances facing the Nigerian manufacturing sector.

He said, “The contraction in the manufacturing sector's GDP contribution will have significant

implications for both investment and employment in the Nigerian economy by reducing investor confidence and hesitation to commit new capital to the manufacturing industry, hampering much-needed expansion and modernisation.”

According to him, that would result in “layoffs, reduced working hours, and higher unemployment, as companies struggle to maintain operations and profitability”.

It would also cause a “slowdown in the development of industrial clusters and supporting supply chains, limiting opportunities for small and

medium-sized enterprises (SMEs)”, he said.

According to Chief Executive Officer of Centre for Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, the manufacturing sector is one of the most vulnerable sectors amid current economic reforms and its inherent shocks, even though the reforms are necessary to pull the economy from the brink.

Due to the effects of the reforms, Yusuf said, “Many large manufacturing firms posted losses in their most recent financial results. Some opted to shut down and leave the country.”

Senate Postpones Oil Sabotage Probe, Begins Fresh Consultations

Sunday Aborisade in Abuja

The Senate announced yesterday that it had deferred its investigation into the alleged sabotage in the petroleum industry.

It cited the need to engage in wider consultations with stakeholders whose input and participation will add value to the conclusion of the investigative hearing.

The Senate Leader, who is the Chairman of the Senate Ad-hoc Committee to Investigate Alleged Economic Sabotage in the Nigerian Petroleum Industry, gave the reasons in a statement.

Bamidele also cited legislative exigencies aimed at further deepening due diligence in the conduct of the investigative hearing as another reason

for postponing the hearing.

The senate set up the ad-hoc committee to investigate billions spent on maintaining the nation’s refineries. It was also mandated to beam searchlight on the regulatory agencies over payment to transporters and unravel alleged importation of hazardous petroleum products and dumping of substandard diesel into the country.

The ad-hoc committee, according to the statement, had concluded its pre-investigation undertakings and held an interactive session with the heads of Ministries, Departments and Agencies (MDAs) as well as some private interests in the downstream and midstream petroleum sector.

After the engagement with select MDAs and private oil firms, the ad-hoc

committee had subsequently scheduled its investigative hearing for Tuesday, 10t to Thursday, 12 September 2024

However, in his statement, Bamidele explained the decision of the ad-hoc committee to postpone the investigative hearing after due consultation with all its members and key actors in the petroleum industry.

He further noted that the ad-hoc committee would communicate a new date for the conduct of the investigative hearing to all the stakeholders in due course.

Explaining the compelling reasons for the deferment, Bamidele noted that the decision for the postponement was taken in the best interest of the federation and its teeming population.

He further explained that the postponement became imperative

considering the compelling need “to consult more widely with expanded stakeholders within and without the petroleum industry and legislative exigencies to further deepen due diligence in the conduct of the investigative hearing.“

He added that the prevailing realities in the country that demanded urgent interventions of nearly all the stakeholders in the public and private sectors across 36 states of the federation and Federal Capital Territory (FCT) informed the resolve for the postponement.

Bamidele said: “While we deeply regret all inconveniences it may have caused all the stakeholders collectively or individually, this decision was taken purely and solely in the national interest.”

Ahmad Sorondinki in Kano

The Deputy Senate President, Senator Barau Jibrin, has flagged-off the distribution of 19 trucks of the federal government's rice palliatives to the 44 local government areas of the state.

During the ceremony on Sunday in Kano, DSP Barau, said the federal government has allocated 19 trucks of rice for distribution to the vulnerable in the state.

He said the hunger crisis in Nigeria was caused by Ukraine/

Russian war, but President Tinubu does not relent in his efforts in assisting vulnerable Nigerians especially rural and urban dwellers.

"We all know that from the beginning of the beginning, President Bola Tinubu started with economic challenges not peculiar to Nigeria but a worldwide incident.

"The global economy is grossly affected by a lot of unfortunate events that include wars like the Ukraine versus Russia as well as the Israel/Palestine conflict.

"It is this situation that makes the

president to found programs that will alleviate the difficulties brought about through the introduction of distribution of palliatives.

"However, the distribution faced some lapses that it had to be restructured in such a way that the distribution will reach those in the state grassroots.

"This committee is set up in Kano as in other states and that is why we are here to commence the distribution accordingly. We are taking these food items down to the grassroots so that it will reach those

who actually need it," he stated. After commending the president for the program and more, the Deputy Senate President also appealed to Nigerians to come together to support president Bola Tinubu in solving the nation’s problems. According to him, "This is how it is done all over the world, people come together to solve their problems irrespective of their political, religious or geopolitical differences, Nigeria cannot be an exception."

Dike Onwuamaeze

L-R: Members of the Senate Committee on Youth Development, Senator Kenneth Eze; Senator Wasiu Eshinlokun; Committee Chairman, Senator Yemi Adaramodu and Ekiti State Governor, Mr Biodun Oyebanji; during a meeting with members of the Senate Committee on Youth Development at the Governor's office, Ado-Ekiti... recently

BETSY OBASEKI MEETS WOMEN IN THE DIASPORA...

Amid Economic Challenges, FG Opens New Opportunities with LTC to UTM FLNG

Emmanuel Addeh in Abuja

Amid current economic challenges, the President Bola Tinubu-led federal government at the weekend opened a new prosperity gateway for the nation as it granted UTM FLNG Limited a Licence-to-Construct (LTC) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility.

The project represents a significant step forward in Nigeria’s energy sector, enhancing the country’s ability to harness its untapped 209 trillion cubic feet of natural gas for both export and domestic consumption.

It is expected to leapfrog the national economy by ensuring availability of gas at lower cost, generate massive employment and multi-million Naira business opportunities for Nigerians and other nationals.

The UTM FLNG plant with a capacity of 2.8 Million Tons Per

Annum (MTPA), will produce Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensate from re-injected gas at the Oil Mining Licence (OML) 104 Yoho Field.

The issuance of the LTC to UTM FLNG by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) came as a major fulfilment of the president in July 2023 to give all necessary support to the Nigerian firm to ensure the actualisation of the landmark gas project.

Speaking at the event, Group Managing Director of UTM FLNG Limited, Dr. Julius Rone, expressed profound gratitude to the president for his “unwavering support to the gas sector and the UTM FLNG project in particular. Rone stated that the project aligned with the president’s promise to develop Nigerian gas resources as a source of sustainable energy and economic development

for the country.

He said the facility will also provide about 7,000 jobs in addition to value creation along the LPG supply chain. Part of the gains, he said, is that the facility will also address deforestation while lessening environmental hazards by reducing flaring of associated gas in the country.

The UTM boss acknowledged the collaborative efforts of the NMDPRA and the dedication of all stakeholders involved in bringing the project to fruition. He also thanked the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPC), Mallam Mele Kyari for the support from the national oil company, for believing in UTM Offshore to deliver on the project.

“This achievement is not just a License to Construct; it is a testament to the collaborative spirit and commitment to

excellence shared by our teams. The guidance and thorough review process by NMDPRA have been instrumental in navigating the complexities of this endeavour, ensuring compliance with industry standards and fostering a productive partnership” Rone said.

The UTM FLNG boss stated that the journey toward the milestone began with concept studies in 2019, followed by the pre-FEED phase in June 2021 and the successful completion of the FEED phase in October 2023.

“UTM Offshore Limited, the main sponsor of the UTM FLNG Project, signed the Head of Terms (HoT) with NNPC in July 2023 and finalised the shareholders agreement with NNPC and the Delta State Government in December 2023.

“As UTM FLNG Limited moves forward into the Engineering, Procurement, and Construction (EPC) phase, the company

BoI Donates Relief Materials to NEMA as Part of Bank’s CSR

The Bank of Industry (BoI) has donated some relief materials to the National Emergency Management Agency (NEMA) as part of its Corporate Social Responsibility (CSR).

The Managing Director of BoI, Olasupo Olusi, said the gesture was a demonstration of the bank's commitment towards ensuring inclusiveness in the country, a statement from the bank said.

remains committed to conducting operations with integrity, sustainability and respect for the communities and environment in which it operates,” he said.

Speaking at the event at the NMDPRA headquarters in Abuja which was attended by key industry players, including the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, Chief Executive Officer of NMDPRA, Farouk Ahmed, he said the LTC signing ceremony “marks a significant milestone and aligns with the gas expansion ambitions of the government” as contained

in the Petroleum Industry Act (PIA) 2021.

Recall that Tinubu during an audience with the management of the company and its foreign partners at the State House, Abuja pledged to remove all impediments to the timely completion of the facility.

The UTM FLNG Plant which is located offshore Akwa Ibom State in the oil-rich Niger Delta of the South-South region of Nigeria is expected to be completed and commissioned in 2028 with gas production projected to commence the following year.

Lord’s Dry Gin Hosts Honourees Ahead of 6th Edition of Achievers Awards

Mary Nnah

Ahead of the Lord’s Achievers Awards 2024, Lord’s London Dry Gin, a premium spirit brand manufactured by Grand Oak hosted the 2024 honourees of the Lord’s Achievers Awards in Lagos over the weekend.

Achievers Awards, and we look forward to celebrating your achievements on a grander scale.”

The honourees, representing excellence in categories such as Technology, Finance, Literature, Entertainment, Fashion, Health, Agriculture, and Societal Development, expressed their gratitude for the recognition and the opportunity to network with peers.

The National Agency for Food and Drug Administration and Control (NAFDAC) has warned faith organizations against illegal production of regulated products without requisite regulatory requirements.

The agency said it was alerting the public on the activities of a faith-based organization - Christ Mercy Land Delivery Ministries - that

"I stand before you today humbled by the generosity and efforts of so many who have come together to provide relief for those in need.

"This distribution of relief materials is not just an act of charity, but a demonstration of our commitment to ensuring that no one is left behind. It is a reminder that together, we can overcome any obstacle," he said.

The BoI boss commended all those who made the event a reality, saying: " Your efforts

"Today, we are here not just as individuals but as one community, united in compassion and solidarity. The challenges we have faced recently whether due to natural calamities, social or economic hardships have tested our resilience. However, it is in times of adversity that the strength of our spirit truly shines.

uses NAFDAC’s name to deceive unsuspecting public. It said that officials of the agency have uncovered the illegal production, advertisement and sale of brands of water and soap tagged 'Miracle' Water and Soap by Christ Mercy Land Delivery Ministries in Effurun in Delta State.

In a statement titled: "Illegal Production, Sale and Advertisement of Unregistered, Suspected Unwholesome Miracle Water and

are a testament to the power of kindness and community."

He said the materials, although vital for immediate relief, were only but a temporary solution.

He said:" our true goal is to rebuild, restore, and create a future where every person has the opportunity to thrive without the fear of hunger, without the pain of displacement, and without the weight of uncertainty.

"To those receiving assistance today, know that you are not alone. We are here with you, and we will continue to stand with you as we move forward, hand in hand.

"I encourage all of us to continue

other Brands of the water, and miracle soap by Christ Mercy Land Delivery Ministries, Kilometre 5 Effurun, Sapele Road, Delta State," NAFDAC's Director General, Prof. Mojisola Adeyeye, accused the religious group of conniving with with Globod Table Water Km 4, DSC Expressway, Otokutu, Delta State to produce and sell packaged water without requisite approval of NAFDAC.

NAFDAC's DG said that its office was inundated with petitions from

looking out for one another, to lend a helping hand whenever we can, and to never lose hope. Together, we will rise from these challenges stronger than before."

Responding, the NEMA Director General, Zubaida Umar, thanked the BoI team for the kind gesture while assuring that the items donated would be used for the purpose intended.

"I want to assure you on behalf of NEMA that we will judicially use these donated items for the purpose intended. We thank the board and management of BoI for this donation and it will surely reach the target as envisaged by the bank,” the bank stated.

concerned citizens about Senior Prophet Jeremiah Omoto of Christ Mercy Land Delivery Ministries on the Miracle Water and Miracle Soap being advertised with healing and miracle claims and sold to unsuspecting members of the public by the spiritual ministry. She also said that the minister showcased the use of miracle water and miracle soap on social media to heal barrenness, and promising that the women would carry twins

The event, which served as a precursor to the main awards ceremony scheduled for the 14th of September, is themed “Celebrating Emerging Icons”.

It provided the honourees with opportunity to connect with each other and the team behind Lord’s London Dry Gin, deepen their understanding of the brand’s mission and values, as well as the rigorous selection criteria that identified them as this year’s trailblazers.

Stanley Obi, Director of the Prime Business Unit at Grand Oak Limited, addressed the attendees, emphasising the importance of recognising those who have impacted their communities.

“This evening was more than just accolades,” Obi remarked, adding: “It’s about connecting with like-minded individuals with a passion for excellence and innovation. We were proud to have each of you as part of the Lord’s

if they used the soap.

"He openly told his congregation that the soap is NAFDAC registered. Thus, the public began to visit the office to confirm the claims. The petitioners also submitted the following products from the Spiritual Ministry to NAFDAC to verify the bogus claims.

"Upon receipt of the petitions, NAFDAC, through the Director Post Marketing Surveillance (PMS) NAFDAC, contacted the Delta

The Meet & Greet allowed them to gain insights into the values that Lord’s Dry Gin embodies and the vision behind the Lord’s Achievers Awards.

Olusegun Akinyemiju, Brand Business Manager for Lord's London Dry Gin, emphasised the brand's commitment to excellence, stating: “At Lord’s London Dry Gin, we believe that excellence should be celebrated, which is why we are committed to recognising those who drive progress and innovation in our society.

“The Meet & Greet event is a unique opportunity for our honourees to connect, share their journeys, and immerse themselves in the values our brand stands for. We are not just celebrating their achievements; we are fostering a community of trailblazers who inspire us all to reach new heights.”

State Coordinator to ascertain the existence or records of any transaction with the Christ Mercy Land Deliverance Ministries and the products in Delta State Office.

"The Coordinator was also directed to visit the ministry to establish the veracity of the claims in the petitions and take necessary regulatory action on the production facility in the ministry where the miracle water and other products are produced.

Onyebuchi Ezigbo in Abuja

Emmanuel Addeh in Abuja

Edo State First Lady, Mrs. Betsy Obaseki (left), with the wife of the candidate of the Peoples Democratic Party (PDP) for the September 21 governorship election, Mrs. Ifeyinwa Ighodalo, during a Zoom meeting with Edo women in the Diaspora, monitored in Government House, Benin City ... yesterday

Email: deji.elumoye@thisdaylive.com

08033025611

Will Caretaker Balm Soothen Labour Party’s Pains?

Emmanuel Ugwu-Nwogo writes about the crisis rocking the national leadership of the Labour Party and asks if the recently constituted Caretaker Committee will be in a position to chart a way forward for the party.

How will the Labour Party(LP) be saved from the implosion staring the party in the face following a leadership crisis that erupted after 2023 general election? That was the question that the stakeholders came to answer on Wednesday, September 4, 2024 when they gathered at Umuahia, the Abia State capital to deliberate on the turmoil in the party. So, for the participants at the NEC/expanded stakeholders meeting, the agenda was lucid enough: how to salvage Labour Party.

Governor of Abia State, Alex Otti, who was the convener and host of the meeting said those of them that were worried about the way Labour Party was drifting needed to intervene. He justified the convening of the meeting using an Igbo adage which says “an elderly person cannot standby and watch a goat give birth while in tether”. The Abia governor said since he joined Labour Party in May, 2022, “there have always been one problem or the other, and every time I intervened it was to solve problem”.

The cause of the nagging pain in the party was the expiration of the term of office of the party’s National Chairman, Comrade Julius Abure and members of the National Working Committee (NWC). The term of the NWC was said to have ended on June 10, 2023 and there was need to hold a convention to choose new leaders or renew the mandate of NWC. The expected convention did not happen hence LP was technically swirling in leadership vacuum even though Abure was still clinging to power.

However, in March, 2024, the Abure-led SWC went to Owerri, the Imo State capital and held a national convention where he was returned as National Chairman of Labour Party. Not a few stakeholders and interest groups raised eye brows and kicked against the convention, citing its non-inclusiveness and faulty process.

The most referenced anomaly was that the convention was not preceded by congresses at the ward, local government and state levels where delegates for national convention would have been elected. Abure was undaunted and remained adamant fending off every opposition and dissenting voices.

In his defence, the embattled LP Chairman insisted that both the convention and the renewal of his mandate followed due process. He

claimed that both Governor Otti and the presidential candidate of LP in 2023 poll, Mr. Peter Obi were quite in the know and backed the convention and its outcome.

Abure pointed out that delegates from Abia led by the Deputy Governor of the State, Ikechukwu Emetu had participated in the convention.

Even at that, Otti has now revealed that he was never quite comfortable with the convention, despite that Abia was represented. “I (had) questioned the composition of delegates and hasn’t gotten an answer,” he said. Based on the unanswered question on how the delegates emerged, Otti concluded that “it means that things were not done right (hence) let us not move sheepishly into a hole we know exists”.

Perhaps, the LP stakeholders would have let Abure enjoy his purportedly renewed term had the Independent National Electoral Commission (INEC) not taken a firm stand against him. The regulatory body totally disowned the said LP convention in Owerri, insisting that it didn’t know about it and so didn’t monitor it. Abure hotly disputed this claim and even alluded that it was not legally binding that INEC must supervise the election of party leaders.

But INEC stuck to its gun by refusing to recognise Abure as the National Chairman of Labour Party. The regulatory body has not invited him to any of its meetings with chairmen of political

parties. Abure was even humiliated on one occasion he attended such meetings uninvited and was walked out by INEC officials.

Abure’s pariah status became a source of concern to stakeholders of his party. According to Otti, the Abure-led NWC ceased to be recognised by INEC since June 10, 2023, adding that “the implication is that from then our party does not have leadership”. He alluded that Abure’s obstinacy would lead him no where because “if by effusion of time your leadership has been rendered impotent, then you do not exist”. The Abia Governor also gave Abure a food for thought. He said: “You can claim leadership of the party but once owners come together and they don’t agree with you, you are gone”.

And so Abure was blown away together with the NWC at the end of the expanded stakeholders meeting. In what Senator Victor Umeh described as “doctrine of necessity” a 29-member Catetaker Committee was set up to run the affairs of Labour Party for the next 90 days. A former Finance Minister, Senator Esther Nenadi Usman, was appointed the Chairman of the Committee while Hon Darlington Nwokocha was made the Secretary.

The stakeholders at the Umuahia meeting, in the course of their deliberations, unanimously agreed that the tenure of the Abure-led NWC ended on June 10, 2023. “There is need to ensure that there is no vacuum in the NWC of the party,” they said in a five-point commnique read by Hon Edward Pwajok, LP’s deputy gubernatorial flag bearer in Plateau State during the 2023 poll.

The stakeholders said they ensured that

With Abure and his group still constituting a kind of resistant movement in the Labour Party, there is still apprehension in the party that the crisis could still linger. It would be seen if the setting up of a Caretaker Committee would be a soothing balm on frayed nerves, or if it would end up exacerbating a raging inferno. But the national leader of the party, Mr Peter Obi, has appealed for peace and understanding among Labour Party members to enable the party weather the storm.

the composition of the Caretaker Commitee membership reflected the “various interests and tendencies” in the LP. This meant that members were drawn from the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Senate Caucus of LP, House of Representatives Caucus, House of Assembly and gubernatorial candidates of the party in the 2023 election.

The caretaker Committee was given a marching order “to immediately ensure that the Ward, Local Government, State, and national congresses and conventions of the Labour Party are held as soon as possible in accordance with the constitution of the Labour Party”. The party faithful were enjoined by the bigwigs “to support the Caretaker Committee to achieve its mandate”.

But that advise may not be heeded by all LP members. The Abure-led NWC has kicked against its sacking and the emergence of a Caretaker Committee. In a swift reaction, the publicity secretary in the dissolved NWC, Mr. Obiora Ifoh dismissed the Umuahia meeting and its outcome, describing it as “a charade, a waste of time and resources of Abia people”. He stated the the Abia Governor “and others who converged on Umuahia have no power within the party’s constitution, the Electoral Act and even within the Constitution of the Federal Republic of Nigeria to convene any meeting of the party”.

Ifoh contended that the premise on which Otti convened the meeting “is not only faulty but mischievous”. According to him, there is no document to support the claim that INEC has rejected Abure-led NWC. The spokesman of the Abure group noted that “government business is not transacted verbally but through official communication and correspondences which are done in writing”. He insisted that presently “there is no communication whatsoever from INEC to the Party as regards any objection to the conduct of the National Convention”. Ifoh made a caricature of the Senator Usman-led Caretaker Committee, saying that its existence “is not known to the constitution of the party and can best be described as a department in the Abia State Government House”.

NOTE:

Obi Usman

Abure

PERSPECTIVE

Kumuyi’s Bold Initiative to Change Society

Banji Ojewale

Buried somewhere in the voluminous video vault of the Africa Independent Television (AIT), Lagos, Nigeria, is the recording of a rare live interview with Pastor William Folorunso Kumuyi, General Superintendent of Deeper Christian Life Ministry (DCLM). Hosted in the late 1990s by the popular Kaakaki early dawn programme, Kumuyi responded to a bouquet of questions that led to even more answers and views about his ministry, the Deeper Life Bible Church God used him to found, his outlook on life, and the controversy over genuine Christians watching the television, among other vexatious narratives of the day.

Deep into the interactive session, the unexpected poser came from a caller: ‘’Sir, I have observed that you’ve not at all quoted from the Scriptures as you addressed some of the questions. I can’t also see that you have the Holy Bible with you. Now, Sir, that seems somehow strange for a great man of God, who is expected to tackle every issue by reaching into the Word of God and turning page after page. But you’re not doing all that. Doesn’t add up, Pastor!’’ (Please note that I’ve taken a literary licence to paraphrase and expand the question.)

Although I can’t recall the cleric’s exact response, I perfectly understood his simple presentation, and I have since worked out a contextual extrapolation: the true believer in God and in His laws must be a thoroughly changed fellow such that, he’d no longer be perceived through skin-level religious prisms. He or she is in consistent walk with Heaven that transforms them from being seen as a Christian only when they are showy with the Bible. They are inured to God’s Word. The believers would be judged by their responsibilities to their circumstances and neighbours, hardly by their Biblical regurgitations void of accompanying ‘good’ deeds to those around. The believer’s salutary impact on the community would speak for his philosophy of godliness, not his ceremonial or sanctimonious posturing. In a word, the believer must be assessed by his impact on his neighbours, not by the exhibitionistic toga of his belief-paraphernalia. It is the pursuit of the spirit, not the letter, of his religion that matters. If submitting to that credo changed them, it would, ipso facto, move their neighbours to change, until you discover that, through one person’s intentional effort in relationships not influenced by traditional social cleavages, a change for good has imperceptibly come upon the whole society.

So, if Kumuyi or any other believer didn’t carry the Bible to a non-Church setting, like the AIT studios, and he was still able to prove his transformation via his body language or communication, it demonstrates that we can reflect the positive transformation in us more by our deeds of selfless service than by mouthing our profession of religion and denigrating that of neighbours.

Nearly 30 years after that morning session on AIT, Pastor Kumuyi has convened an across-faith project, Change Makers International (CMI), to draw his compatriots into a campaign for change through love for fellow man. It’s a walk for change based, not on what you vociferously say of your religion, but how you heed God’s call to deliver sacrificial love to the man and woman next door. That’s the ultimate change demanded by our Creator. God expects it from both the led and the leader.

Pastor Kumuyi believes that what can save humanity isn’t the religion that divides us, but heeding the transcendent and express command of our Creator to love one another as ourselves. This is the goal of all religions, which has been recklessly rerouted to ruin humanity.

So at the Yakubu Gowon Stadium in Port Harcourt, capital of Nigeria’s South-south Rivers State between August 15 and 20, 2024, Kumuyi brought together leaders of the country’s different faiths to preach this philosophy of change not driven by a divisive, deadly and destructive iron-clad hold on religion. During the six-day MCI inaugural programme, Muslim clerics and scholars in their full regalia, along with their Christian compatriots from other denominations, took turns to speak as they honoured Kumuyi’s invitation. They all agreed with the pastor’s stand that Nigeria needs a break, a change, first among its grassroots constituents based on good neighbourliness as compelled by the Lord, before we can enjoy peace, progress and prosperity. He said the abiding change he’s calling for, is cast in the maximalist rule: love your neighbour as you love yourself. He declared: ‘’As a person, you don’t first want to know about the religion or tribe of your needy neighbour before

helping them…They are the creatures of God, who must enjoy your love and compassion. You’d incur the wrath of God if you start looking for their ethnic or faith background and they die in the process.’’

Kumuyi recounted a personal story. He said he learnt of a young girl thrown into the streets by her father. He asked the lass to be brought to him. The pastor said he didn’t ask to know if she was a Muslim or Christian. He took care of her education and upkeep through to the tertiary level, and right up to the point where she’s now happily married.

According to the respected clergyman, it is robes of communal and neighbourly love that unite us; ill-fitting religious garments tear asunder mercilessly from the attention and compassion of the Lord.

At a point during the programme, the Deeper Life Bible Church leader challenged his Muslim hearers to test him if he wouldn’t wear their cap if offered. The interfaith convergence witnessed the unfettered access to the high table by ministers across the faith divides, to establish the teaching that change surfaces as we dissolve our religious differences. To prove the all-inclusive profile of the Change Makers International project, Kumuyi made no altar call for converts as it is customary at such gatherings, lest suspicions should arise to taint and derail CMI’s altruistic intentions.

There were special panel parleys for both men and women that traced the problems of greed, hate, religious intolerance, selfishness, a competitive spirit, etc., in society to the home. If we practise godly love and neighbourliness in the domestic plane, a change would come upon all society, because society is nothing but a coming together of family units.

But there’s a caveat: the change Kumuyi is talking about can’t be accessed without an encounter with God, through Jesus Christ, Who Himself is Love. One must embrace His law: shun unrighteousness and hatred of your neighbour and society and its God-ordained rulers.

Observers have marked the grand success of the Change Makers International as a definitive turning point in our history, from which we can expect a silent but socially penetrating revolution in our norms in the years ahead, if government through a critical agency like the National Orientation Agency (NOA) would partner with CMI to build on the enormous gains of the Port Harcourt conference. Our schools must also be made to harvest from the proceedings and lessons of this programme.

Many reasons have been offered for the spontaneous and universal acceptance of this daring project to unite our disparate faiths and usher in the much sought-for change in Nigeria. Three are outstanding. First, the time for change is Now. The people want something profoundly different from what they’ve been experiencing. They perceive it in CMI. Next, is the personality of the convener, Kumuyi. His integrity and relationship with society aren’t solely on account of sectarianism. That makes what he offers believable. Thirdly, it’s since been discovered that genuine change only comes after a personal deal is struck with the laws of God. It doesn’t come from officialdom’s decrees or irreverent religious pietism.

•Ojewale is an author and journalist at Ota, Ogun State, Nigeria.

Kumuyi

As Gunmen Intensify Attacks on Policemen in Anambra State

Quite recently, gunmen suspected to be separatists have intensified attacks on policemen in Anambra State. David-Chyddy Eleke reports that not less than three have happened in quick succession, begging the question whether policemen have become endangered species in the state

In Anambra State, gunmen masquerading as secessionists have marked security operatives for attacks. This can only account for several attacks on police operatives, leading to casualties on the part of the police force, and in some cases on the part of the gunmen too. Police operatives have also paid the supreme prices for such attacks, while in some others, the gunmen lose men.

Three recent attacks have unsettled police operatives in the state. The most recent was the attack on Oba police station in Idemili North Local Government Area. The attack happened on Tuesday, September 3.

Police public relations officer for Anambra State Police command, SP Tochukwu Ikenga who revealed the attack said the suspected armed secessionist group started shooting sporadically in an attempt to gain entrance to the Police Station in the morning attack, and threw petrol bombs at the security facility which made some of the offices go up in flames, including the Oba Civic Center.

Ikenga said: "Unfortunately, a police corporal who was fatally wounded paid the supreme price, while the fire was put off with the help of other Police officers on duty and the Joint Security responding team." He said the Policeled Joint Security Force comprising of the Army, Navy, Civil defence and other security agencies were in a joint onslaught operation within Oba and its environs as at the time of the press release.

Also, on the very last day of August, just four days before the Oba attack, Ogbaru Local Government Secretariat which is not too far from Ogbaru police station was also attacked. It would not be the first time Ogbaru Local Government secretariat is being attacked.

SP Tochukwu Ikenga who reacted to the development said the security operatives gallantly resisted the gunmen, but some properties of the local government including cars and buildings were destroyed. He said no life was lost in the attack.

Some other older attacks on police men in the state within August include one in Nnewi and another in Nnobi, Idemili South Local Government Area, where policemen paid the supreme prices

during the attacks. In the Nnewi attack, gunmen attacked a police van, killing one of the policemen at a junction.

Sources said the incident happened at about 9am on a Friday, and that the attackers when repelled by the policemen, but the gunmen threw an improvised explosive device at the police team, which ripped one of them.

In the Nnobi attack, it was gathered that it happened at a checkpoint beside the Nnobi Police Headquarters. Sources said the gunmen engaged the policemen in a gun duel that lasted for about an hour, during which one of the policemen, simply identified as Nwaibi, was fatally injured.

The deceased police officer was said to be the driver of one of the police vehicles. The sources said the hoodlums lodged in a house close to the checkpoint, at the compound of a woman identified as Mama Amanda. They were said to have broken a wall through which they entered the compound and forced the residents to open the gate to drive in their cars.

They were also said to have collected the handsets belonging to the residents and forced them into a room and warned them not to raise the alarm failing which they would be shot. The report also quoted eyewitness accounts as explaining that the hoodlums captured a young man said to be going on an errand that Friday morning, adding that the hoodlums had in their possession objects said to be snipers, AKs, lunchers, chains.

In both accounts, the police command headquarters in Anambra confirmed the development. The state police command's spokesper-

son, SP Tochukwu Ikenga while reacting to the first attack on Nnewi said: "The men were attacked at a checkpoint at Omata junction, in Uruagu community, along the Nnewi Oba road.

“Manhunt operation has commenced, and it is led by Assistant Commissioner in charge of Nnewi Area Command. The command is already working with the locals in the area to unmask and apprehend the attackers." On his reaction in the second attack, Ikenga who confirmed the second attack said: "It is true. One policeman was killed, and there is an operation going on in that area now, which the Commissioner of Police has ordered,” he said.

While many believe that the attacks are carried out by the Indigenous People of Biafra (IPOB), the secessionists group has washed its hands off the attacks. In a press release by its spokesperson, Emma Powerful, he stated that it established the Eastern Security Network (ESN) as an armed Vigilante group to dislodge the Fulani terrorists masquerading as herdsmen in Biafra Land not to confront the Nigerian Security Forces or otherwise.

Powerful in the release alleged that: “They are responsible for the mass abductions and rape of women in Nigeria. They are behind the kidnapping for ransom and human organ trafficking in Biafra Land and in Nigeria with murderous fulani security agents in Nigeria.

“Unfortunately, the Nigerian government and her Security Forces tacitly supported the atrocities of the Fulani terrorists by refusing to arrest and prosecute these Fulani mass murderers, rapists and kidnappers.

"In order to defend the defenseless Biafrans, the IPOB Leader Mazi Nnamdi Kanu in collaboration with IPOB family worldwide established the Eastern Security Network (ESN) in December 2020 as a child of necessity to checkmate the activities of Fulani terrorists nicknamed herdsmen in Biafraland.

In Anambra State, gunmen masquerading as secessionists have marked security operatives for attacks. This can only account for several attacks on police operatives, leading to casualties on the part of the police force, and in some cases on the part of the gunmen too

“The mandate given to ESN operatives was to curtail, dislodge, and remove terrorists maiming and destroying Biafran farms and farmers. The ESN operatives have never deviated from their mandate of protecting Biafra bushes, forests, and people.

"On the other hand, IPOB as a movement remains non-violent and peaceful in all our activities since the formation of IPOB. Any day, IPOB decides to move into armed struggle, the world will know, and the Nigerian government will know as well

"ESN Operatives are not after the Nigerian Security Forces. We know that the Nigerian government sponsor and use criminal elements and members of their security agencies to commit criminal actions in Biafraland for the purposes of blackmailing IPOB in the global arena just like they did in the Owerri jail break and the most recent being the killing of mainly Igbo military personnel in Aba claiming that IPOB was responsible.

“But we know that the objective of the murder of those soldiers on the most revered day in Biafran calendar was to present IPOB in bad light in eyes of our people and the world as well as to destabilise the developmental work being carried out in Abia State by the governor of the state.

"The Nigerian government knows those who take responsibility for crimes committed in Biafraland, and those people are neither IPOB nor ESN, why does the Nigerian government ignore them and accuse ESN and IPOB of what they had no knowledge about?

“The answer is very simple because it accentuates their strategy which is to attribute every criminal act in Biafraland to the only genuine movement standing between them and their evil agenda to conquer our people and dispossess us of our ancestral land and heritage."

Meanwhile, the Commissioner of Police, CP Nnaghe Obono Itam has condemned the attacks on police operatives. A press release by the state Command's spokesperson, Ikenga, he quoted the commissioner as describing the act as invasion of security facilities. He said the hostilities towards security agents was an attack on the soul of the nation and vowed to bring those behind the unholy act to book.

Governor Chukwuma Soludo of Anambra

Anambra Commissioner of Police, CP Nnaghe Obono Itam

As investors seek higher returns and long-time maturities, the Central Bank of Nigeria (CBN) has raised a whooping N9.27 trillion worth of Nigerian Treasury Bills (NTBs) across its auctions between January and August 2024.

NTBs or T-Bills as they are sometimes called are short-term debt securities issued by the government to make up for budget deficits and fund projects. In Nigeria, NTBs are issued by the central bank on behalf of the federal government. NTBs investment is backed by the full faith and credit of the Federal Government of Nigeria (FGN), hence, it is considered one of the safest forms of investment.

The amount raised so far in eight months indicates continuing

Nume Ekeghe

The federal government of Nigeria spent a total of $2.78 billion on debt servicing in the first seven months of 2024, data released by the Central Bank of Nigeria (CBN) has revealed.

These figures were disclosed in the CBN’s recent ‘International Payments Data’ report, which also showed that Nigeria recorded $1.18 billion in total direct remittances from January to July 2024.

Analysis of the CBN data

confidence among investors in the Nigerian government’s debt instruments.

By tightening its monetary policy through higher interest rates and large NTBs auctions, the CBN aims to curb galloping inflation and stabilise the foreign exchange market, thereby fostering a more balanced economic environment.

Analysis of the primary market auctions in the eight months under review showed that the CBN offered N4.59 trillion worth of NTBs to the investing public but eventually recorded a total subscription worth N30.04 trillion. The total sale of N9.27 billion in NTBs in eight months of 2024 underscores a robust appetite for Nigerian sovereign instruments, with a significant over-subscription, especially in the longer tenor, suggesting that investors are

showed that in January, the government allocated $560.52 million to debt servicing, setting the tone for the year. This was followed by a reduction in February, where $283.22 million was spent, marking a 49.5 per cent decrease from January’s expenditure. March saw a slight decline, with $276.17 million allocated to debt servicing, representing a 2.5 per cent decrease from February. The trend of decreasing expenditures continued in April where $215.20 million was spent, reflecting a 22.1

looking for higher returns and are willing to engage with longer maturity profiles.

THISDAY gathered that CBN in eight months of 2023 had sold N3.46 trillion worth of NTBs to the investing public as both the offered and total subscription stood at N3.16 trillion and N13.74 trillion, respectively.

THISDAY observed that investors demand for long maturities NTBs continued to grow as its stop rate reached 22.1 per cent in July 2024, the highest so far in 2024.

The variation in stop rates across tenors also offers insight into investor sentiment regarding short-, medium-, and long-term economic outlooks.

While the lower stop rate on the 182-day bill suggests anticipation of stable interest rates, the higher stop rate on the 364-day NTBs

per cent reduction compared to March.

In May, there was a sharp reversal of this downward trend, with debt servicing costs soaring to $854.37 million. This marked a significant 297 per cent increase from April’s expenditure, making May the month with the highest debt servicing outlay during this period. However, June experienced a dramatic drop in spending, with only $50.82 million allocated to debt servicing, a 94 per cent decrease from May. This was the lowest

could imply a cautious stance towards potential future economic volatilities.

Investors’ diversified demand across the different maturities of NTBs reflects strategic positioning for various investment horizons and signals a healthy trading environment in the Nigerian debt market.

Demonstrating the highest demand in the eight months under review, the 364-day NTBs had an offer of N3.36 trillion, with a total subscription of N28.33 trillion, far exceeding the other tenors.

However, the CBN allotted N8.1 billion at a stop rate of 20.9 per cent as of August 21, 2024 from 8.399 per cent January 2024, indicating investors’ willingness to hold longer-term bills despite a higher yield reflecting the risk premium for extended maturities.

monthly expenditure recorded in the seven-month span. The spending picked up again in July, with $542.50 million spent on debt servicing, marking a substantial 967 per cent increase from June’s low point.

Also, a month-by-month analysis on the total direct remittances showed varying levels of remittance inflows throughout the seven months showed that A breakdown showed that in January, Nigeria received $138.56 million in direct remittances. However, February

The Chief Executive Officer, Wyoming Capital and Partners, Mr. Tajudeen Olayinka attributed the high yield to the factor of demand and supply, stressing that the government deliberately increased NTB supply to encourage higher stop rate at 12.5 per cent or that some institutional investors held back their bids.

According to him, “The essence is to encourage foreign inflows that could help improve dollar liquidity in the foreign exchange market and cause a moderation in Naira exchange rate until the market attains equilibrium level.

“I have no doubt that this is the most appropriate decision on the part of CBN and the government at this time. There’s a need to improve dollar liquidity that will eventually force domestic interest rates to moderate subsequently.

saw a sharp decline, with inflows dropping to $39.15 million, a 71.7 per cent decrease from January’s figure. March witnessed a rebound, with remittances increasing to $104.91 million, marking a 168 per cent rise from February.

The upward trend continued in April, where $193.31 million was received, a significant 84.3 per cent increase from March. The month of May saw the highest remittance inflow during this period, with $365.44 million recorded. This represents an 89

The higher interest rate will likely filter into the equity market to temporarily moderate the bullish sentiments in that market as well.”

The 182-day NTBs saw an offer of N449.75 billion and garnered total subscriptions worth N664.54 billion, resulting in an allotment of N476.08 billion. Notably, the stop rate for these mid-term bills was a significant increase from 4.22 per cent January 2024 to 19.2 per cent as of August, 2024. For the shortest tenure of 91 days, the CBN offered N780.62 billion, with the total subscriptions coming in at N1.05 trillion. From this, N682.72 billion was allotted with a stop rate of 18.2 per cent, signalling strong investor demand for short-term securities.

per cent increase from April, highlighting a strong surge in remittances, potentially driven by improved global economic conditions or favorable exchange rates. In June, however, remittances declined to $270.52 million, a 26 per cent decrease from May’s peak. Despite this drop, June’s inflow remained robust compared to earlier months. The downward trend continued into July, where remittances further decreased to $72.29 million, marking a 73.3 per cent decline from June.

Kayode Tokede

CBN RAISES

N9.27TN VIA NTBS AS INVESTORS SEEK LONGER MATURITIES, HIGHER RETURNS

HOW FG SPENT $2.78BN ON DEBT SERVICING IN FIRST SEVEN MONTHS OF 2024

Investors’ Return Depreciate

The Nigerian equities market depreciated by N1.12 trillion between July and August 2024, as investors’ profit-taking persisted in some blue-chip companies listed on the Nigerian Exchange Limited (NGX).

The downward trend in the two months under review is coming on the backdrop of a hike in the Monetary Policy Rate, leading investors to divest into lucrative high yield Treasury Bills (T-Bills).

An investigation by THISDAY revealed that the market capitalisation in July 2024 dropped by N1.09 trillion or -1.92 per cent to close at N55.514 trillion from N56.602 trillion it opened for trading, while in August 2024, it dropped further by N36.04 billion or 0.06 per cent to close at N55.478

trillion from N55.514 trillion.

According to capital market analysts, investors in the local market sustained profit-take based on the sentiment, stressing that Nigeria’s capital market is still one of the best performing Exchanges in Africa and World at large.

However, investors’ returns between January and August 2024 stood at N14.56trillion, while average returns on investment stood at 29.16 per cent Year-till-Date growth.

The stock market had gained N15.68 trillion in the first half of (H1) 2024 as investors continued to invest in blue-chip companies.

Capital market analysts stated that the stock market performance eight months of 2024 is on the backdrop of mixed corporate earnings by listed companies, FG’s

BUA Boss: Despite Energy Costs, Cement Price Cheapest in Nigeria

James Emejo in Abuja

The Chairman, BUA Cement Plc, Abdul Samad Rabiu, said the current price of cement in the country remained the cheapest compared to other African countries.

He said this was in spite of severe energy challenges in the manufacturing sector.

Rabiu disclosed this during the company’s 2023 Annual General Meeting (AGM) held recently in Abuja, where shareholders also approved the sum of N67 billion as dividend for the financial year, translating to N2 per share.

The BUA boss said energy

consumption remained biggest challenge in the cement industry gulping billions of naira.

He said the company’s promise to force a reduction in the price of cement was frustrated by dealers who bought the product at a much lower price at its factory only to sell at higher prices to end users.

He said the company had sold over a million tons of cement to dealers at N3,500 per bag, but the latter sold to consumers at prices ranging between N7,000 and N8,000.

The BUA chairman also pointed out that Naira devaluation and the petrol subsidy removal also made price reduction unsustainable.

Rabiu said, “So, a lot of the dealers took advantage of that policy. Rather than pass the low prices to the customers, they were selling at even double the price we sold to them.

Group Business Editor

Eromosele Abiodun

Deputy Business Editor

Chinedu Eze

Comms/e-Business Editor

Emma Okonji

Asst. Editor, Energy

Emmanuel Addeh

Asst. Editor, Money Market

Nume Ekeghe

Correspondents

KayodeTokede(CapitalMarkets)

James Emejo (Finance)

Ebere Nwoji (Insurance)

Reporter Peter Uzoho (Energy)

“Some were selling at N7,000 and N8,000 per bag. They made a lot of money with a very high margin. I think we had sold more than a million tons at N3,500 before we realised what the dealers were doing.

“And then, because of the issues that Nigeria faced at the time about the devaluation of the naira last year and the removal of fuel subsidy, we could not continue that policy.”

He said, “We wanted that price to stay at that level but dealers refused. So, we could not sustain that simply because we did not want to be in a situation where we were subsidising dealers.

“I’m referring to the point when the foreign exchange rate moved from about N600 to maybe N1,800 to the US dollar. So, it became even more challenging for us to sustain that price policy.”

reforms in the foreign exchange market, among other factors.

Responding to market performance in eight months of 2024, the Vice President, Highcap Securities Limited, Mr. David Adnori stated that investors are trading based on sentiment.

He stated that the emergence of President Bola Tinubu further

energised the stock market since market participants have hope in his ability to rejig the economy and implement economy-friendly policies.

Adnori, however, was optimistic that the stock may maintained its positive momentum in H2 2024, on the backdrop of banking sector recapitalisation and expected H1

2024 corporate earnings by most especially the banks listed on the Exchange.

Amid hike in Monetary Policy

Rate to 26.75 per cent, capital market experts stated that its impact has created sentiment trading among investors who see fixed-income market as alternative investment opportunity to hedge against double-digit inflation.

Responding also, an Investment Banker & Stockbroker, Mr. Tajudeen Olayinka stated that the N14.56 trillion market capitalisation gain in eight months of 2024 tells us the presence of huge liquid funds in the hands of institutional investors who currently dominate activities in the stock market.

NCAA Announces NG Eagle Take over of Dana Air Refunds, Ticketing

Chinedu Eze

The Nigeria Civil Aviation Authority (NCAA) has announced that NG Eagle will be responsible for honoring flight tickets and processing refunds for passengers affected by the suspension of Dana Air operations.

In a statement released at the weekend by the Director, Public Affairs and Consumer Protection NCAA, Mr. Michael Achimugu, the agency stated that the DirectorGeneral, Captain Chris Najomo, and his management team had met with Dana Air and its new partner, NG

Eagle, to address the concerns of passengers who had paid for flights that were not operated due to the suspension.

“The resolution is that NG Eagle will be taking up this obligation, Dana Air has informed that while alternative modalities are being put

Taiwan Strengthens Ties

in place to treat cash refund requests, passengers who intend to utilize their tickets for travel will be able to do so on NG Eagle.”

NCAA assured the public that it would continue to monitor the situation and ensure that all refund issues are resolved promptly.

with Nigeria, Holds

Business Forum in Lagos

The 2024 edition of the Taiwan Trade Business Forum, organised by the Taiwan External Trade Development Council (TAITRA), concluded successfully on over the weekend in Lagos.

The forum aimed to enhance bilateral trade ties between Taiwan and Nigeria and explore new business opportunities.

Speaking with journalists at the event, the Chairman, Taiwan External Trade Development Council, Mr James Huang, said Taiwan is set to revolutionize the global tech scene, with Nigeria at the forefront of its strategic focus.

According to Huang, Taiwan is the leading country in terms of

information technology industries.

Spotlighting Taiwan’s dominance in Information Technology (IT), electronic manufacturing and Artificial Intelligence (AI), he said that it was eager to forge innovative partnerships with African enterprises and governments.

“Taiwan is at the forefront in terms of information technology industries and we are the most critical country when it comes to electronic manufacturing, information and technology transformation.

“We are also the most critical country when it comes to AI, because Taiwanese companies produce more than 90 per cent of global computer servers and data centres. So, I see a very bright future for cross-federal cooperation between Taiwan and

African countries, particularly Nigeria,” Huang said.

He noted that Nigeria and Taiwan are poised for robust collaboration in strategic sectors including petrochemicals, machinery and consumer goods.

Huang explained further that Nigeria being Africa’s largest oil producer has an upstream and downstream capabilities that aligns with Taiwan’s strengths in petrochemical industries.

He stressed that this synergy would present opportunities for cooperation in chemicals, machine tools, auto parts, and consumer goods.

Also speaking, Director-General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Sola Obadimu, said that

Nigeria’s strategic position in Africa made it a vital partner for Taiwan. He noted that Nigeria recognized the importance of nurturing the relationship and capitalizing on the opportunities presented.

“It is essential for us to be proactive and seize these opportunities, instead of risking being overshadowed by Taiwan’s potential partnerships with other African nations,”Obadimu said. President, Lagos Chamber of Commerce and Industry, Mr Gabriel Idahosa, said, “Nigeria and Taiwan have a rich history of trade and investment, marked by steady growth and expansion. Taiwan has consistently provided Nigeria with high-quality, cutting-edge technology, materials and services.

The Standards Organisation of Nigeria (SON) has declared that it is set to diligently prosecute manufacturers and distributors of substandard steel in the country.

This was declared by the Chairman, Special Task Force, SON, Mr. Enebi Onuchenyo, at a recent stakeholders meeting with manufacturers and distributors of steel and iron rods in Lagos.

Onuchenyo said that the agency has been inundated with complaints from distributors over the quality of steel and iron rods in the country.

He said: “There was a claim that there are substandard iron

rods in the market and this is why we called the manufacturers and distributors and they have both given us useful information that will help us track whoever is behind this unscrupulous act. We have also told them that anyone caught in the act would be prosecuted and there is no going back on that. My warning to everyone is that as a distributor, do not accept substandard iron rods from manufacturers and as manufacturers, do not produce substandard iron rods. The next phase of this journey is prosecution.”

He also disclosed that SON would bridge the gap between manufacturers and the distributors in its new plan to chart a new path for the nation’s

steel sector.

“We have asked the manufacturers to engage in self-regulation because all over the world, the best form of regulation is self-regulation because it is more stringent. If they decide to check themselves to ensure that none of their members toe the wrong path, the sector will be robust and it will make a lot of positive impact on the economy,” he said.

Also speaking, the Coordinator, Steel Manufacturers Association of Nigeria Group, Felix Oba-Okogie, alleged that there were wrong accusations over the quality of the steel produced locally.

Oba-Okogie, therefore, urged SON to find out the details of whatever

allegations that have been made against steel manufacturers and deal with them.

He said: “Until today’s meeting, we have regarded those allegations that we are producing substandard steel from people who are not representing SON as basically baseless. This meeting that we are having today has put to rest all these allegations. They are not only rubbishing manufacturers, they also smear the reputation of SON. This is not healthy for the country. A member of the Iron Dealers Association of Nigeria, Anambra State chapter, Mr. Chukwudi Umeh, commended SON for regulating the steel and iron rod sector, and pledged the association’s support to SON.

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Arthur Eriye

Dike Onwuamaeze

Stakeholders Target 2,500MW Capacity for Data Centre Operations in Africa

Emma Okonji

With the several challenges facing data centre operators across Africa, such as poor electricity generation and distribution, restricted building permit, insufficient patronage, regulatory issues, among others, coupled with the meagre 400 Megawatts (MW) capacity generated in the whole of Africa, stakeholders and operators of data centres are targeting 2,500MW capacity of electricity that will enable data centres across Africa to operate optimally.

The target, though herculean, but achievable, was revealed at the Hyperscalers Convergence

Africa 2024 digital infrastructure conference, which held in Lagos at the Federal Palace Hotel, Victoria Island, recently.

Chairman of the conference, and CEO, Precise Financial Services, Dr. Yele Okeremi, in his opening remarks, said given the population of Africa, which is 18 per cent of the world population, the African continent stood at a critical juncture in the global digital evolution, because the 18 per cent accounts for a mere 0.02 per cent of the global fiber optic infrastructure and less than one per cent of the world’s 40 Gigawatts data centre capacity.

According to Okeremi, “The situation of Africa’s infrastructure

Onga Set to Reward Consumers with N250m Promo

Nume Ekeghe

Onga seasoning brand from the stables of Promasidor Nigeria, in celebrating its 10th anniversary launched the “Onga Taste the Millions” promo, to reward consumers with a N250 million in cash & prizes.

This was announced at a press briefing held at the company’s head office in Lagos recently with representatives from regulatory agencies to ensure a transparent promo.

Reflecting on the decade-long journey of the Onga Bouillon cube brand, The Chief Executive Officer, Francois Gillet remarked that the success the brand has achieved over the years is a testament to the company’s continued commitment to deliver value and high quality products.

He also highlighted the significance of this celebration, stating, “The success of Onga

over the past decade is a clear indication of the trust and loyalty our consumers have in the brand. Through the ‘Onga Taste the Millions’ promo, we are excited to give back to our community by rewarding over 250,000 consumers who have been instrumental in making Onga a household name. This promo is not just a celebration of our past but a commitment to our future.”

Culinary Category Manager at Promasidor Nigeria, Oladapo Oshuntoye, added: “This anniversary is not only about celebrating Onga’s achievements but also about recognizing the consumers who have made our success possible. The ‘Onga Taste the Millions’ promo is designed to bring joy and rewards to thousands of household, reinforcing Onga’s position as the seasoning of choice for Nigerian families.”

Kecam UnveilsTechnologies Solution for Nigerian Businesses

Kecam Technologies, a leading Indigenous IT firm based in Lagos, has announced the launch of a revolutionary PDF Editor, Foxit PDF Editor an innovative solution set to redefine document management and organisational workflows across various sectors.

Vice Chairman of Kecam Technologies Limited, Bonny Mekwunye, in a statement highlighted the significance of Foxit PDF Editor, stating: “Foxit PDF Editor is designed to address the needs of individuals and businesses concerned with cost-effective documentation and efficient workflow organization.” He emphasised that the suite optimises

Emmanuel Olorunda-Otaru

A new energy drink, ‘Hell Energy’, has made a debut into the Nigerian market, promises to offer high-quality energy drinks to satisfy the youthful population in the energy market.

Founded in 2006, with a presence in over 50 countries, the energy drink has become a global brand.

According to the Brand Manager Nigeria, Linek Ovie,

development is really bad. It’s a big challenge, despite the progress made by companies and individuals that have invested heavily in technology since the 1990s when the first generation of Nigerian technology companies were just talking about that.

“Africa boasts of just over a million kilometers of fiber network with limited data centre capacity, which is in contrast to the rapidly advancing digital landscape in other parts of the world. The importance of a robust

digital infrastructure cannot be overstated. Information and Communications Technology (ICT) is not only a significant contributor to Africa’s GDP, but also a fundamental enabler of all the political factors from agriculture to healthcare, to education, among others.”

Convener of the conference, Temitope Osunrinde, who gave a general perspective of the slow digital development in Africa, said: “At this juncture, we’re not doing well as a country and as a

‘Fintechs,

document workflows by offering a comprehensive range of features, including advanced editing, secured eSigning, collaborative tools, and AI-driven functionalities.

Mekwunye further elaborated on the benefits of Foxit PDF Editor, citing its cost-effectiveness and user-friendly interface. “Foxit offers a solution that enables knowledge workers to create, edit, fill, merge, organise, redact, and analyse PDF documents with ease,” he stated. He further noted that key features setting Foxit PDF Editor apart from its competitors include its robust security measures, with significant cost savings attributed to enhanced security updates and consistent support services.

“our energy drinks are crafted with premium ingredients, ensuring a refreshing experience, our commitment to sustainability sets us apart, as we use eco-friendly packaging and responsible production practices. Our drinks are safe, refreshing and of the highest quality. We use 100% recyclable aluminum for our cans, reducing our carbon footprint through energy efficient production”.

To ensure the energy drink is widely available in the

continent. If you look across the broad fundamentals of the digital economy, and the metrics that drive digital economy, like fiber cable deployment and data centre operations, you will discover that we’re not doing well, and there is a mismatch.

“Nigeria as a country in Africa, for instance, has huge submarine cable capacity at the shores of the country, through the landing of several submarine cables in the country, but we have a big issue of transmitting the capacities

to the hinterlands to boost data centre operations.”

In some of the panel sessions moderated by the CEO, Open Access Data Centres, Dr. Ayotunde Coker and the COO, MDXi, Mr. Gbenga Adegbiji, the panelists identified several factors affecting the growth of data centres in Africa, but explained that with st rategic collaboration between government and the private sector, the challenges could be addressed.

Neobanks Must Embrace Hyper-Personalisation for Business

Netcore Cloud, a global leader in omnichannel marketing technology, emphasizes that businesses in the fintech and neobanking sectors must embrace hyper-personalization as a crucial customer service strategy to stay competitive.

This insight was shared during the 2024 MarTech Mashup for Fintechs and Neobanks held in Lagos.

In his welcome address, Chief Revenue Officer, APAC & MEA at Netcore Cloud, Saket Kumar Jha, said intelligent customer

engagement is the new pathway for organizations aiming to grow their revenue and customer base. He noted that intelligent customer engagement involves using predictive tools and models, insights, and data combined with quality engagements to effectively reach the target audience.

Vice President of Customer Success at Netcore Cloud Africa, Chukwudi Nwokike, stated that hyper-personalization is the next frontier in customer service for the financial industry, offering

a path to achieving business objectives. He said: “The era of merely personalizing content and messages to customers is over, as this approach no longer achieves its intended goals. Hyperpersonalization is about reflecting a customer’s daily life—what they do and how they do it. For example, my bank knows the football club I support and, through my transaction alerts and account statements, highlights my spending patterns, trends, and habits.”

Country Manager of Netcore

Success’

Africa, Bhupesh

highlighted four crucial metrics for fintech app success: Activation (user sign-up and transactions), Adoption (repeat transactions via the app), Retention/Loyalty, and Cross-sell opportunities. The GRIP (Guide, Remind, Interact, Productise) framework, engagement with advanced Nudge templates, and gamification of user experiences are additional strategies that fintechs and neobanks can use to increase their revenue and expand their customer base.

LG Donates Solar-powered Borehole to Ibadan Community

Kemi Olaitan in Ibadan

A leading innovator in consumer electronics and sustainable solutions, LG Electronics has donated a solarpowered borehole to Agba-Akin community in Ibadan, the Oyo State capital.

The community situated in the heart of Ibadan, has long faced challenges in accessing clean and safe drinking water and LG Electronics took the initiative to provide a sustainable solution that harnesses the power of solar energy.

The Head, Corporate Marketing LG Electronics Nigeria, Mr. Hari Elluru, while speaking at the commissioning ceremony, said the donation of the solar-powered borehole is part of the broader commitment of the company to corporate social responsibility, focusing on sustainable development and community empowerment, stating that by harnessing solar energy, this project not only provides clean water but also promotes the use of renewable energy, aligning with global efforts to combat climate change.

According to him, “At LG, we are dedicated to making a positive impact in the communities we serve. Access to clean water is a basic human right, and we are proud to support the Ibadan community with this solar-powered borehole. This project reflects our commitment to sustainable solutions that improve lives and foster development.”

The Oyo State Commissioner for Culture and Tourism, Dr. Wasiu Olatunbosun, expressed his elation and lauded LG Electronics for their dedication to community development in the country, urging the community members to take

market, Ovie said they are in partnership with TradeDepot, with plans to introduce new flavours tailored to local tastes. Beyond just selling the products, the Brand Manager said they are also committed to supporting sports development in the country, starting with sponsorship of the premier flag football league. Adding ‘we’re dedicated to growing this sport at the grassroots level, providing young athletes with the resources.

proper care of the project and emphasized the importance of sustainable solutions for long-term benefits A community leader, Alhaji Remi Olaibi Ojuolape, expressed

deep gratitude on behalf of the residents, stating, “We are incredibly grateful to LG Electronics for this generous donation. The solar-powered borehole will make a huge difference

in our daily lives, providing us with easy access to clean water. This project is a blessing, and we thank LG for their support and commitment to our community.

Cloud

Utreja,

Nume Ekeghe

Guaranty Trust Bank Named Best Bank for CSR in Nigeria by Euromoney

Nume Ekeghe

Guaranty Trust Bank Ltd (GTBank), has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for Excellence 2024.

The bank in a statement noted that Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion.

According to the statement, “Over the years, Guaranty Trust has not only led with innovation and service excellence, but also consistently demonstrated a steadfast dedication to making a positive impact and creating shared value through

CSR. Central to these efforts are its consumer-focused events—the GTCO Food and Drink Festival and the GTCO Fashion Weekend—both of which offer free business platforms for budding as well as established entrepreneurs to showcase their talents, share their unique stories, and connect with a broader audience.

The Annual GTCO Autism Programme, an offshoot of the Orange Ribbon Initiative, aims to provide ongoing support for persons with developmental disabilities, focusing on those with autism spectrum disorder (ASD).”

Commenting on the Award, Group CEOof Guaranty Trust Holding Company Plc, Segun Agbaje, stated: “As a

Proudly African institution, we recognise that our success is inextricably linked to the wellbeing of the society in which we operate. Our commitment to corporate social responsibility is deeply rooted in our belief that businesses must act as a force for good, driving sustainable progress, and fostering inclusive growth. Over the years, we have successfully developed several free-business platforms and continue to sponsor impactful social causes that have benefited millions of people and businesses across Africa. This recognition from Euromoney is a testament to the far-reaching impact of our initiatives, and it reinforces our resolve to create enduring value and ensure better outcomes for all.”

US-based Nigerian Builds Location-sharing,Tracking App to Enhance Security

A group of Nigerians based in the United States have launched an app built to revolutionise call and locationsharing experiences of users worldwide.

Known as SeeMeGlobal, the app, which can be downloaded free on PlayStore, combines the functionalities of tracking and location-sharing devices with the values of audio and video calls.

The app, according to George Kalu, CEO, Concept Technologies LLC, has been built to enhance the personal security of people, and support remote employee management while enhancing the experiences of people who make audio and video calls.

He said the voice and video call clarity of the app bests others like WhatsApp, Messenger and others offering the same features in the market while users are also enabled

to exchange text messages all free of charge.

Kalu, in a statement announcing the launch of the revolutionary app, said in addition to its unrivalled audio and video call quality, SeeMeGlobal was built to also support businesses that demand real-time management and supervision of employees in remote locations.

The app, Kalu explained further, is permission-based and will enable users who are away from their loved ones to share their location and through this, share the experiences, sights, and sounds of their remote location.

Also speaking on the app, Concept Technologies’ Chief Marketing Officer Charles Will-Obong said the values embedded in the app are unique and designed to enhance user experiences and safety.

“Seemeglobal is the only app in the world with the ‘Seeme’ feature for location sharing. From the shared location link that is built into the app, a voice call can be made between the users that are involved. The particular location shared can be seen through Google Maps or satellite maps as the user chooses. This is important in cases such as abductions where people’s security is compromised. The satellite map is usually better in cases and will support rescue and intervention efforts for law enforcement agencies or military deployment. Again, the location shared is dynamic as it tags along with the movement of the person who shared his/ her location. This means that if the user is on the move, the location changes are still tracked to ensure effective interdiction by the enforcement people,” Will-Obong stated.

Global Africa Business Initiative Announces Line-up for 2024 Flagship Event

The Global Africa Business Initiative (GABI) has announced its line up and programme for its annual two-day event on the margins of the UN General Assembly in New York. Taking place on 25-26 September, this year’s forum “Unstoppable Africa: The Solution for a Global Future” will bring together influential leaders from the public and private sectors to advance Africa’s role in shaping global business solutions.

This year, Unstoppable Africa will take place alongside the Summit of the Future, a landmark convening of the UN General Assembly. Central to this event is the recent strategic partnership

between the United Nations Global Compact (UNGC) and the African Union Commission, which focuses on leveraging Africa’s business potential to drive sustainable development. This partnership aims to advance Agenda 2063 and the 17 Sustainable Development Goals (2030 Agenda for Sustainable Development).

Titled “Unstoppable Africa: The Solution for a Global Future,” the 2024 GABI event will not only highlight Africa’s economic resilience and vast potential but will also be a platform for presenting novel and practical solutions to some of the most urgent global challenges. From addressing energy transi-

RMB Nigeria Board

Kayode Tokede

The Board of Directors of Rand Merchant Bank (RMB) Nigeria has announced the appointment of Bayo Ajayi as CEO of RMB Nigeria, following the approval from the Central Bank of Nigeria (CBN).

RMB CEO and Chairman of the RMB Nigeria Board, Emrie Brown, in a statement obtained by THISDAY said “On behalf of the RMB Nigeria Board of Directors, I am pleased to officially welcome Bayo Ajayi

tions and ensuring access to sustainable power, to advancing digital transformation across sectors and promoting inclusive growth, Unstoppable Africa will position the continent as a leader in the global pursuit of a more equitable and sustainable future.

Assistant Secretary-General, and CEO of the UN Global Compact, which convenes GABI, Sanda Ojiambo, commented, “With a market valued at over $3 trillion, Africa is poised for unprecedented growth and development.

Africa’s GDP growth rate is expected to outpace the global average, with projections of 3.8% in 2024 and 4.2 per cent in 2025.

Announces Bayo Ajayi as CEO

as the CEO.

“He has a seasoned track record in banking, and I am confident in his ability to partner clients while contributing to Nigeria’s growth.”

Responding to the news of his appointment, Ajayi stated that: “The opportunity to take up this role at such a critical time for RMB Nigeria remains a humbling one. The team and I will work closely with our clients who continue to demonstrate resilience.

“We are optimistic about the

opportunity to drive economic development and sustainability with them”.

Ajayi brings a wealth of experience to his new role, having previously worked as an Executive Director and Chief Financial Officer at RMB Nigeria. With a career spanning 25 years in various leadership positions across the banking sector in Nigeria and Africa, he has consistently delivered results. The Board is confident in his ability to help achieve the bank’s strategic objectives.

Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria),

Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%

Kayode Tokede

Investors’ negative sentiment has continued to drag the stock market of the Nigerian Exchange Limited (NGX) downward, as the Year-till-Date performance dropped to 28.97 per cent amid profit-taking in fundamental stocks.

In the first half year of 2024, Nigerian Exchange Limited All-Share Index (NGX ASI) had gained 33.8per cent to closed June 2024 at 100,057.49basis points

from 74,773.77 basis points it opened for trading this year but between July and August, 2024, the stock market has depreciated by 3.5per cent to close August 2024 at 96,579.54 basis points. The dowward performance between July and August 2024 brings the stock market to 29.16 per cent YtD.

In addition, the stock market in the first trading week in September 2024 dropped by 0.15 per cent to close the week at 96,433.53 basis points amid

profit-taking in listed fundamental stocks.

According to the weekly market report, the sectoral performance was in the mixed bag. The NGX Oil & Gas index recorded a weekly gain of 1.48 per cent, while NGX Banking index lost 0.23 per cent W-o-W. On the contrary, the NGX Insurance, NGX Consumer Goods, and NGX Industrial Goods indices closed the week down by 4.76 per cent, 1.18 per cent, and 0.13 per cent respectively.

Also, market breadth for the week was negative as 36 equities appreciated in price, 46 equities depreciated in price, while 69 equities remained unchanged. Industrial & Medical Gases Nigeria led the gainers table by 32.58 per cent to close at N35.00, per share. Berger Paints followed with a gain of 31.12 per cent to close at N18.75, while e-Tranzact International went up by 20.59 per cent to close to N6.15, per share. On the other side, R T Briscoe led the

decliners table by 27.61 per cent to close at N2.57, per share. FTN Cocoa Processors followed with a loss of 18.38 per cent to close at N1.51, while Omatek Ventures declined by 18.18 per cent to close at 72 kobo, per share.

Overall, a total turnover of 2.141 billion shares worth N51.217 billion in 55,603 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 2.821 billion shares valued at N53.048 billion that exchanged hands prior week in 50,488 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.229 billion shares valued at N19.976 billion traded in 20,701 deals; contributing 57.40 per cent and 39.00 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 262.484 million shares worth N17.996 billion in 14,275 deals, while the Services Industry traded a turnover of 155.587 million shares worth N532.941 million in 3,558 deals.

PRICES FOR SECURITIES TRADED ASOF SEPTEMBER 5/24

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

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

floor of the Nigerian Stock Exchange.

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

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 5th September-2024, unless otherwise stated.

BUSINESS SPECIAL

Transforming the Informal Sector through Taxation

At the sixth national tax conference in Lagos organised by Okwudili Ijezie & Co, a firm of chartered accountants, experts spoke on how the informal sector of the nation’s economy can be transformed through taxation, using Artificial Intelligence solutions, writes

Oluchi Chibuzor

The informal sector accounts for a significant share of Nigeria’s economy and experts believe that transforming that sector holds the key to unlocking unprecedented growth and prosperity.

And of the best ways to achieve this transformation is through an efficient taxation strategy that will not only unlock the potential of the sector but that will also mutually benefit all stakeholders.

Committed to his advocacy of an efficient tax system and how that can be used to make the informal sector become more productive and contribute to the growth of the nation’s economy, a tax expert, chartered accountant and Founder/ Managing Partner of Okwudili Ijezie & Co, Blakey Ijezie, decided to make the focus of the 6th Blakey’s National Tax Conference on transforming the informal sector through taxation.

Over the years, Okwudili Ijezie & Co, has been organising national tax conference, where various topics are discussed by experts.

However, speaking in Lagos recently at the 6th edition of the conference, in a paper titled: ‘The Future of Taxation, The Game Changer: Transforming the Informal Sector through Taxation, Ijezie said Nigeria must leverage Artificial Intelligence (AI) powered tax tools to attract operators in the informal sector to boost revenue of the country.

According to him, AI tools can enable real-time tax monitoring, empower tax authorities to make data-driven decisions and taxpayers to navigate the tax system with ease.

Ijezie noted that because the informal sector is characterised by unregistered businesses and activities, lack of tax compliance, limited access to formal financial services, a vulnerable workforce with limited social protection, hence the use of AI-powered solutions can provide real-time tax monitoring and automated audits.

He also noted that embracing AI-powered solutions offers personalised tax advice and support, enable data-driven decision-making

for tax authorities, while facilitating collaboration between tax authorities, taxpayers, and technology providers.

He said: “Today, we stand at the forefront of a revolution that will transform the fabric of taxation forever.

A revolution that will harness the power of technology, innovation, and expertise to create a more inclusive and equitable tax system.

“Let us seize this moment. Let us harness the power of technology and innovation to transform the informal sector. Let us create a tax system that is fair, efficient, and inclusive. The future of tax is a game of innovation – and AI is the ultimate catalyst.”

“But to fully realise this vision, we must address a pressing challenge: transforming the informal sector through taxation. The informal sector accounts for a significant share of our economy, and its transformation holds the key to unlocking unprecedented growth and prosperity.

“Transitioning the informal sector to the formal economy offers numerous opportunities: increased tax revenue and fiscal space, improved economic growth and job creation, enhanced financial inclusion and access to credit, better social protection and labour standards and reduced poverty and income inequality.”

Ijezie maintained that to entice informal sector executives to transition, “we must offer incentives: tax holidays or reduced tax rates, streamlined registration and licensing processes, subsidies for technology adoption and digitalisation and recognition and certification programmes for formalised businesses.”

However, he highlighted the benefits of formalisation for informal sector executives to include access to formal financial services and credit and increased market access and customer base.

“AI can assist in formalisation by simplifying tax compliance and registration processes, automated

bookkeeping, accounting systems, access to digital payment systems and e-invoicing, data analytics for business insights and decision-making, virtual assistance for tax and regulatory compliance,” he said.

He said AI will play a crucial role in boosting tax revenue, stressing that”AI can increase tax revenue by up to 20 per cent through improved compliance and reduced evasion. AI-powered tax systems can reduce administrative costs by up to 30 per cent. AI can help identify and address tax gaps, leading to increased revenue and improved fairness.”

Ijezie explained that examples from other jurisdictions demonstrate AI potential.

“Kenya’s tax authority uses AIpowered systems to detect and prevent tax evasion, resulting in a 25 per cent increase in revenue. India’s GST system uses AI-powered analytics to identify and address tax gaps, resulting in a 15 per cent increase in revenue,” he stated.

Talking about some of the latest tax technology like AI and Machine Learning (ML) applications, cloud-based tax software and digital platforms, Ijezie, observed that these could lead to potential job loss.

According to him, “Challenges of AI in taxation include: potential job displacement for some tax professionals and need for significant investment in technology and training. The impact of AI on taxation in Nigeria is multifaceted: AI can contribute to economic growth by promoting a more efficient and effective tax system.”

“Overall, AI has the potential to transform taxation in Nigeria, but careful planning, implementation, and addressing of challenges are essential to maximise benefits.

AI will revolutionise taxation in Nigeria by: automating compliance and reporting, enhancing data analysis for improved tax auditing and fraud detection and facilitating real-time tax calculations and payments,” he

explained.

In his presentation,, “Transforming and Growing the Informal Sectors of MSMES through Appropriate Tax Regime, Anthony Chinwe said that MSMES play important roles in the development of the Nigerian economy.

According to him, these businesses account for nearly 90 per cent of the jobs in the country and contribute over 45 per cent to the country’s GDP, with 98.8 per cent in the micro cadre.

However, Chinwe explained that most of these business entities are not registered or captured by the regulatory authorities.

He also gave some of the challenges facing this sector as lack of access to suitable finance, multiple taxes and levies, insecurity, limited access to justice, stifling business climate due to inappropriate government policies, legal and regulatory frameworks and poor record keeping.

But to make the informal sector tax compliant, Chinwe advocated the following: education and awareness, incentive and benefits, reviewing the constitution and tax laws, support infrastructure development, social dialogue and single tax authority.

Another speaker at the event, who is the Founder and Managing Partner of Modilim & Co, Dr. Patrick Modilim, who spoke on:”Taxation in The Informal Economy,” gave strategies for encouraging tax compliance in the informal sector.

The strategies, according to him are:”strengthening firms incentives, capacity and collective action and strengthening political and administrative commitment”

Modilim said the slow progress in taxing the informal sector was due to the challenges of locating and taxing large numbers of small firms eager to evade the tax net and lack of commitment of political leaders and tax administrators with little incentive to focus resources on taxing the informal economy.

He stressed the need for revenue authorities to encourage the development of informal economy associations, negotiations, taxpayer education programmes and dialogue between the state and informal economy firms.

L–R: Chairman of the 6th National Tax Conference, Chief Mark Anthony Chidolue Dike; Convener/Chief Host, Chief Blakey Okwudili Ijezie; Guest Speakers, Dr. Patrick Modilim, and Mr. Anthony Chinwe

TRIBUTE

As Marwa Clocks 3 Scores and 11

The name Marwa resonates with most Nigerians. In modern times, it is a name that is remembered for good reasons: a recurring decimal in the Nigerian military over the past 100 years; a reference point for excellent public administration in the past 30 years. Among Nigeria’s humongous population of about 220 million, less than 2, 000 bear the name, but the mere mention of it in public or private conversations most certainly evokes the picture of one person in particular. The best-known bearer of the name is none other than Brig. Gen. Mohamed Buba Marwa (Rtd) CON, OFR, former Military Administrator of Lagos and present Chairman and CEO of the National Drug Law Enforcement Agency (NDLEA).

Buba Marwa, as he is popularly known, venerated the family name, so much so that those conversant with his pedigree view the retired General as excellence personified. Where some appreciate him for what he has done in the past, many appreciate him more for what he is currently doing at NDLEA, where he has reinvigorated the country’s effort to curb the ravages of illicit drugs and halt the reigns of trafficking gangs and barons.

People in his inner circle, those who have been around him and those who have worked with him in management, aren’t overly surprised at Marwa’s exploits. They will tell you he’s as constant as the North Star. He can be trusted to deliver on any assignment. In that regard, Lagos is one of his testaments. Once too often, you hear nostalgic recollections of the “Days of Marwa” from Lagosians. Occasionally, you come across developments that are rooted in the legacies of his time. That tells you his name is strongly knitted in the tapestry of contemporary Lagos.

From his background, one can deduce that service is the lifeblood of the Marwa family - a family strongly rooted in military service; from his grandfather, Buba Yola, to his father, Buba Marwa; from himself to his younger brother and then to his son. Three generations of the Marwa have served this country, and another generation is currently in the service of the Nigerian Army.

As a soldier, Buba Marwa is well decorated. His military career was characterised by command and staff appointments that include Deputy Defence Adviser at the Nigerian Embassy, Washington DC, and Defence Attachee at the Mission of Nigeria to the UN, New York (1993-1996); Registrar of the Nigeria Defence Academy (1992-1993); military governor of old Borno State (1990-1992); and military administrator of Lagos (1996-1999).

Part of the allure of the Marwa personality, however, lies in his good nature and warm character. He has a Pan-Nigerian outlook forged in the furnace of his peripatetic education (in Enugu, Zaria, Abeokuta, Lagos and Kaduna) and military service across the country (north, south, east and west). Marwa, a firm believer in the oneness of Nigeria, is well-loved anywhere in this country, a fact attested to by his more than 30 chieftaincy titles across the country. A good Muslim. A simple man. Cosmopolitan. Broadminded. Kind. Principled. Endeared to many in Nigeria, Africa and the world.

Marwa the person is a man of quiet disposition, decorum and humility, despite his towering accomplishments. As for his accomplishment, the more you look, the more you see. Sometimes, too, one is tempted to think of him in a literal sense as “The 11th Man” who makes a difference.

He was the 11th Governor of Borno State, where his legacies now dot the landscape of Borno and Yobe. As the 11th Chairman of Defence Industries Corporation of Nigeria, DICON, he is remembered for his revolutionary leadership that awakened resourcefulness. He was the 11th Military Administrator of Lagos

State, where his imprint is still visible all over Lagos aside from such glaring reminders as Keke Marwa and Marwa Garden. Now as the 11th Chairman and CEO of NDLEA, he has turned around the Agency and earned it a pride of place in the global standing.

Human exploits fossilised over time and great men became yesterday’s men, remembered only when we open the history book. Not so with Marwa. Post-military service, he has managed to remain the man of the moment by dint of hard work and results at DICON, as Nigeria’s High Commissioner to South Africa, Lesotho and Swaziland, at PACEDA and now at NDLEA.

In a way, NDLEA is Marwa’s introduction to the younger generations of Nigerians. And what an introduction. The Agency set up 34 years ago, went into the doldrums until it was brought out of limbo by the famous Marwa’s Midas touch.

Every week, the Nigerian public is served a digest of seizures of illicit drugs and the arrests and convictions of drug traffickers and barons.

We are seeing all over again the same pattern of achievements that characterised his administration of Lagos, for which he

was acclaimed “Nigeria’s Man of the Year 1997” by Newswatch magazine. The reforms he started at NDLEA have attracted accolades at home and abroad. From obscurity, NDLEA is suddenly basking in the limelight and regarded as one of the top anti-narcotic agencies around the world.

Medals are earned for results. And that is Marwa’s metier: achieving results. That has earned him medals and honours, including a military Distinguished Service Star (DSS) in 1998, national honours of Officer of the Federal Republic (OFR) in 2003 and Commander of the Niger (CON) in 2023. He has earned the public’s respect, in addition to a slew of leadership accolades from respected media such as Leadership, The Sun, Vanguard, Blueprint and Champion, among others.

As he turns 71 on September 9, 2024, he deserves our good wishes. We wish a happy birthday to a man who is a good example of how to serve one’s country; we wish good health and more to a man whose achievement is a statement that service to one’s country is a lifelong duty.

•Femi Babafemi is the Director of Media and Advocacy at NDLEA Abuja

Army: Viral Report of Mass Resignation of Soldiers Misleading, Spurious, and Baseless

Linus Aleke in Abuja

The Nigerian Army, yesterday, discredited the viral publication on alleged mass resignation of soldiers, over corruption, and low morale in the service.

It stated that the publication waas not only misleading, but a deliberate attempt to sow seeds of disaffection and acrimony, as well as denigrate the patriotic service of personnel and reputation of the Nigerian Army. The leadership of Nigerian Army, also clarified that service in the Nigerian Army, like most militaries, the world over, was voluntary and not conscriptive, arguing that individuals were free and at liberty to disengage at will.

are confidential, they range from voluntary disenchantment, medical grounds, pursuit of other professions of interest and endeavours, and community service, amongst others.

The Service explained that whereas reasons for the discharge of personnel

A statement by Director, Army Public Relations, Maj Gen Onyema Nwachukwu, averred that personnel of the Nigerian Army were at liberty to disengage from time to time in accordance with laid down procedures

as contained in the Harmonized Terms and Conditions of Service (Officers/ Soldiers) alike. According to him, “Discharge from the Nigerian Army is routine and in line with laid down procedures. Only in an unorganised army would the discharge of personnel be handled haphazardly; hence, the compilation and release of names routinely, as must have been observed in the case

of the Nigerian Army over the years.

“This process allows for personnel, who are about to either mandatorily or voluntarily disengage to adequately prepare and process entitlements, emoluments, pensions, and gratuity for the period of service to the nation.

“In the instance cited, in the hasty and haphazardly compiled report, due diligence was not taken to ascertain reasons for the discharge of the personnel, other than the spurious allegation of low morale and corruption.”

Nwachukwu said that the notion that soldiers were resigning en masse due to welfare issues is a gross misrepresentation of reality and certainly not the true picture, adding, “instead, Nigerian Army recruitments are highly competitive and even over subscribed.

Femi Babafemi

Marwa

MEETING ON NEW INVESTMENT IN IRON ORE TO STEEL PROJECT...

L-R: Chief Executive Officer, Chart and Capstone Integrated Nigeria Limited. Chief Abel Edijala; Vice Manager Sinomach-HE, Mr. Hou Encai; and Minister of Solid Minerals, Mr. Dele Alake during a meeting on new investment in iron ore to steel project at the Peninsula, Beijing on the sideline of the China-Africa Cooperation Summit last Friday

Atiku Slams FG over Proposed Hike in VAT

Says move 'next Inferno that'll consume essence of our people' Urges Nigerians in Diaspora not to give up HURIWA warns against suffocating citizens with toxic economic measures

Chuks Okocha in Abuja

A former vice president, Atiku Abubukar has berated the federal government over its proposed hike in Value Added Tax (VAT) from 7.5 per cent to 10 per cent, describing the move as the latest inferno that

would consume Nigerians.

The Peoples Democratic Party (PDP) presidential candidate in the 2023 general elections was apparently reacting to the disclosure by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele that his

FG to Establish Air Quality Monitoring Stations Across the Country

Michael Olugbode in Abuja

The federal government has expressed its readiness to establish air quality monitoring stations across the country to generate reliable database for sound policy making aimed at ensuring clean air.

It said will also will ensure viable environmental management by deploying mobile App that would give realtime Air Quality Index for every major city in Nigeria.

Speaking at the weekend during commemoration of this year’s International Day of Clean Air for Blues Skies, themed “Invest in Clean Air Now Join the National Campaign #BreatheEasyNigeria” held in Abuja, the Minister of State for Environment, Dr. Iziaq Salako, stated also noted the agenda for the day is to reduce all forms of air pollutants to 50% globally by 2030.

The minister stated: “If we fail to take action and reverse the current high level of air pollution in our country and in the world, the repercussions for public health, our economy, the environment and our survival is far reaching.

“According to United Nations Environment Programme (UNEP), air pollution is estimated to cost the global economy 8.1 trillion USD per year equivalent to 6.1% of the global GDP due to increased healthcare cost.”

He disclosed that the Ministry of Environment is actively engaging stakeholders in the development of the National Policy on Air Quality Management as well as a Youth-led National Clean Air Programme which will work with celebrities and high network individuals as Clean Air Ambassadors.

He disclosed that The National Clean Air Campaign #BreatheEasyNigeria is expected to be launched soon

While noting that the day is aimed

at raising awareness at all levels on the importance of clean air for human and environmental health, productivity and economic growth, Salako said: “Globally, there is a growing concern about air pollution and the threat poor air poses to our existence with air pollution now regarded as the world’s single largest environmental health risk. It is estimated that 99% of the world’s population is breathing polluted air with dire consequences for everything we hold dear.”

He said the challenges of air quality management are common to every part of the country with activities of humans being the main driver.

Salako said in order to address the challenges, we need everybody well informed and onboard taking actions to improve our air quality. We count on you our ally in the media to inform Nigerians, create awareness and take the message home that our lungs deserve clean air.

He added that in the words of a popular evolutionary biologist and environmentalist, Guy McPherson; “you can’t count your money, while holding your breath.”

He revealed that the Nigerian government is working to establish a national framework to guide states that are setting up vehicular and generator Emissions Testing Centres in line with minimum standards developed by the National Environmental Standards and Regulations Enforcement Agency (NESREA) and the Standards Organisation of Nigeria (SON).

He said: “We have commenced a pilot scheme for Quality Assurance/ Quality Control (QA/QC) Industrial Emission Monitoring Scheme (I.E.M.S) as a vital initiative designed to enhance the capacity to manage and mitigate industrial pollution across the country effectively. In the coming days, we plan to commence a national roll out of the QA/QC IEMS.”

committee had proposed a 2.5 per cent increase in VAT, from 7.5 per cent to 10 per cent by 2025.

In a statement issued yesterday in Lagos by his Senior Special Assistant on Communications and Intelligence and Diaspora, Prof. Gold Emmanuel, Atiku said the state of the economy has led to untold hardship for millions of Nigerians while the poverty index has continued to rise.

The former vice-president said, "President Bola Tinubu, alongside his coterie of advisers, has resolved to raise the VAT rate from 7.5% to 10%, even as the NNPCL has announced a soaring PMS price increase at the pump.

"This move unveils a new era of regressive and punitive policies, and its impact is destined to deepen the domestic cost-of-living crisis and exacerbate Nigeria’s already fragile economic growth.

"President Tinubu and his entourage seem to be resorting to their familiar tactic: heaping burdens upon the impoverished while steadfastly

ignoring their extravagant excesses!

“Tinubu’s actions reflect a profound insensitivity to the plight of the less fortunate as he indulges in the opulent renovation of villas and the acquisition of new jets and vehicles for himself and his family.

"One needs not be an economist to grasp the ominous implications of President Tinubu’s ill-conceived policies for Nigeria’s future.

"The relentless rise in taxes and interest rates has proven excessively onerous, debilitating businesses of all sizes and leading to job losses while intensifying the suffering of the poor.

"The manufacturing sector, in particular, has endured relentless strife since Tinubu’s ascendancy, with its contribution to the GDP diminishing by over 20% since December 2023, as reported by the NBS."

"In early August, Tinubu turned his attention to agriculture. As is customary with this administration, a new policy was clandestinely formulated and announced,

permitting duty-free importation of agricultural commodities such as wheat, maize, and paddy, despite vehement opposition from farmer groups nationwide.

"This policy poses a grave threat to Nigeria’s food security ambitions, as local farmers, facing unfair competition from low-cost producers in Asia, Europe, and America, are compelled to reduce or entirely abandon their production efforts.

“It jeopardises job creation, wealth generation, and the sector’s longterm prosperity, casting a shadow over Nigeria’s sustainability and development.

"President Tinubu and his advisers would be wise to redirect their efforts towards crafting sustainable solutions to the systemic shocks afflicting the economy rather than compounding the crisis with measures destined to ignite further turmoil."

Atiku, who also made a call at a virtual interactive session with some Nigerians in the Diaspora, weekend called on Nigerian citizens not to give

up on the nation, regardless of the current socio-economic challenges.

“I urge you not to give up just yet. Your strength and resilience are crucial to Nigeria’s future,” he said, adding that Nigerians in the Diaspora played a big role in shaping the country’s future.

“As Nigerians living abroad, you have a unique perspective on what good governance and economic management look like. I encourage you to continue to pray for Nigeria’s deliverance .

“Your prayers and support can help bring about the transformation we need. I believe in the potential of our great nation and I know that with collective effort, we can overcome the current challenges and build a prosperous Nigeria for all.

“Continue to engage with your loved ones, offering support and encouraging peace and unity in these difficult times. Your contributions to the Nigerian economy through remittances and investments are quite crucial,” he added.

Mrs. Obaseki to Childless Women: We’re Not

Barren, But Fruitful, Prospective Proud Mothers

The Edo State First Lady, Mrs. Betsy Obaseki, at the weekend, urged childless women not to see themselves as barren but as fruitful, potential, and proud mothers of children that would come in God’s time.

Mrs. Obaseki spoke during a Zoom meeting with Edo State women in Diaspora. She was joined by the wife of the candidate of the Peoples Democratic Party (PDP) for the September 21 governorship election in Edo State, Ifeyinwa Ighodalo.

The Edo First Lady made the comments in response to a viral video in which Senator Adams Oshiomhole made remarks about her being childless.

Obaseki, while addressing more than 200 women, who joined the meeting from various countries via Zoom, reminded the women that everyone was created by God for a purpose. According to her, “Well, it is important that we as human beings seek to have deeper perspectives and purpose in life. As a human being, I believe what is most

important is that we find our purpose.

“Everyone is created by God to actualize their purpose in life and once we have that mindset and seek that in life, and we are happy with our lives and know that we are moving on in actualizing God’s purpose for our lives, in bringing glory to God in the way we live our lives, then it wouldn’t matter if certain remarks are flung at you.”

She continued: “I will like to say to every woman and sister, if you feel hurt by whatever you heard; for me, I haven’t paid much attention to it. My word of comfort to you will be, in addition to seeking God’s purpose and finding fulfillment therein, I will say to those of you sisters who like myself had conceived and had miscarriages; who like myself had painful evacuations of our babies who have died in our wombs; who have conceived and birthed babies who died at birth or at different stages in life, and as we speak today do not have children to show for the trauma and the pains that we experienced

in life; my word of comfort to you as I say to myself, is you are not barren.

“Don’t be hurt if anyone calls you that or if anyone calls your fellow woman that; you are not barren. I dare to call you fruitful. You and I are potential, prospective proud mothers of lovely children.

“The children will come in God’s time. So, hang in there. Hold your head up high. You are not barren. Enjoy the life that God has given you in the meantime.

“Thank God for what you have. Thank God for a loving spouse, like I have. I say I have the best husband in the world. Thank God for the love of family and friends and those support systems that God has given you.”

Mrs. Obaseki further admonished: “Enjoy the life that God has given to you. Find your purpose, face it and take your mind off this and before you know, it will happen. I have learnt that some people have been called to pay the price for some others.”

She stated that her contributions to society have gone beyond the

biological aspect of motherhood, adding.

Her words: “Being fruitful is not limited to childbearing. It is about impacting lives and creating positive change in society. There is no point in feeling bad. Women can fulfil God’s purpose in many ways beyond motherhood.”

On her earlier comments, the Edo First Lady stated: “The point I was trying to make that day and I still stand on is that women are an integral part of any society. I don’t think there is any part of the world where only men exist.

“Every population is made up of men and women and women always bring a delicate touch to the work of their male counterparts or husbands. Whether they are governors or any other elected public office holder, with a woman, a wife behind such a man, he is bound to do better because women bring their delicate touch, they also bring up the challenges that women and children face in the society, and support their husbands to address these issues. So, at the end of the day, society is better for it.”

VISIT OF NASARAWA STATE UNIVERSITY MANAGEMENT TEAM TO NEMA...

Edo 2024: Only the Best is Good Enough for Edo, Obaseki Declares as PDP Storms Iguobazuwa, Okada

Igbinedion campaigns for Ighodalo in Okada

Adibe Emenyonu in Benin-City Ahead of the September 21 governorship election in Edo State, Governor Godwin Obaseki has declared that "only the best is good enough for Edo State," stressing that "on no account should the people allow fraudsters to become their leaders."

He also said: “We don't want to be taken back by some incompetent people. In fact, we have no reason to go back. So, vote for PDP, vote Asue Ighodalo and Osarodion Ogie."

Obaseki made the assertion when the Peoples Democratic Party (PDP) campaign train, stopped at Iguobazuwa, and Okada, headquarters of Ovia South West and Ovia North East Local Government Areas, respectively, at the weekend.

Addressing the mammoth crowd, who defied the rain at the Iguobazuwa Township Stadium, Obaseki assured them that their votes will count and that they should go out and vote for the PDP.

He said the government established the College of Agriculture

to ensure that the children from the area are educated and not to be dropouts who engage in fraudulent activities.

He further disclosed that government established the Okomu Oil company and the Rubber Plantation because of the need to provide jobs and that many more will be established under the administration of Dr. Asue Ighodalo, the candidate of the party, which after he raised the hands of Ighodalo to a rapturous applause.

In his speech, Ighodalo thanked the people and reminded them that for three years he was a director in Okomu Oil and facilitated the employment of many sons of the soil to very top positions, declaring that as a son of the land by extension will do more as the governor of the state for people of the area

Attacking the notion that only "a home boy" can govern Edo State. Ighodalo said there are many people who were born in their father's houses but turned out to be bad children, growing up to be touts and fraudsters. He urged the people

to reject such characters.

Speaking earlier, Chief Francis Inegbeneki told the gathering that he has a message from the people of Esanland to the people of Ovia South West.

He told them that Ighodalo is the consensus candidate of the Esan people, stating that he was carefully scrutinized and met all the criteria set for the position.

Inegbeneki said 'the other man", in apparent reference to Monday Okpebholo of the All Progressives Congress APC, "is on his own."

He declared that the people of Esan sent Okpebholo to the Senate, who was yet to complete one year and even at that, he has failed so far, but is now trying to be governor, "when he should be repeating the class. Well, nobody sent him. He is on his own," Inegbeniki concluded.

Both the party's local government chairman and the executive chairman, Egubor Ijeke and Engr Edosa Enoweghowena respectively, thanked the governor and promised that the people of Ovia South West would deliver the PDP at

the election.

The highpoint of the rally was when over three hundred members of the APC and Labour Party (LP) defected to the PDP. They were led by Mr. Asimi, aka Malawi, for the APC and Ehis Edobor for LP.

Also, two popular Edo State born Nollywood stars, Nosa Rex and Etinosa both endorsed the Asue/ Ogie ticket.

From there, the campaign train then headed off to Okada in the Ovia North East.

At the Open field Secretariat, venue of the rally at Okada, headquarters of Oviawe North East, it was like a carnival as the people defied the down pour to grace the rally.

Speaking, former Council chairman, Mrs. Lucy Omagbon, welcomed the former governor of the state, Chief Lucky Igbinedion, and the state governor, Mr. Godwin Obaseki and his entourage.

Omagbon who thanked the people for defying the rain, urged them to vote party with an umbrella as the symbol. She said Asue

Health Expert Gives Reason for Nigeria's High Tuberculosis Disease Burden

A medical expert and an Associate Professor of Public Health at the Community Medicine and Primary Healthcare Department of the Birmingham University in Nasarawa State has attributed the burden of tuberculosis cases being born by Nigeria to factors relating to her population size and other existing social conditions.

Adekoya who is also a Research Lead at the Light Consortium, a six-year Global Health Research initiative, funded by UK-Aid, said that beyond having the highest number of tuberculosis cases in Africa, Nigerian men are most effected by the disease than their female counterpart.

"As you are aware Nigeria has the highest burden of tuberculosis in Africa and is among the top three countries with highest burden of the disease across the world. Unfortunately, a lot of information around tuberculosis is well disseminated especially in our rural communities.

"For instance, many people do not

know that treatment for tuberculosis are meant to be free in the country," he said.

LIGHT Consortium is a six-year cross-disciplinary global health research programme funded by UK aid, led by the Liverpool School of Tropical Medicine (LSTM), and working with partners in Kenya, Malawi, Nigeria, Uganda, and the UK.

The research aims to provide new evidence on the effectiveness of different gender-sensitive pathways and approaches to health.

Speaking to THISDAY during the workshop organised by the Light Consortium in Abuja which ended over the weekend, Adekoya revealed that part of the factors fueling increase in tuberculosis disease in Nigeria is the share size her population and the congested nature of the semi-urban neighborhoods.

Adekoya said: "I think one of the biggest factors is our population, living conditions and other social determinants of health that affects our population.

“I give an example in our Federal

Capital Territory in Abuja. Here, a lot people live in semi-urban settlements in outskirts of Abuja where the houses are congested with people living in shanties and make-shift buildings without proper ventilation.

"This leads to the spread of diseases and help to increase rate of infection of diseases like tuberculosis," Adekoya said.

The university don said that though healthcare facilities have been striving to contain the health challenges there are lots of rooms for improvement.

Regarding the demography of the spread and impact of tuberculosis, Adekoya said that findings by the research team of Light Consortium has confirmed that more men are usually affected by the disease than women.

"We have found out that through the research we have conducted that more men are affected by tuberculosis and that fewer men access healthcare services," he said

Adekoya further said that one of the key foci of an ongoing research by Light Consortium is to determine why

men are having the higher burden of tuberculosis and why they are accessing health care at rates lower than the women and children.

However, he said that among initial findings are that a lot of men have health seeking behaviours that does not promote care services for tuberculosis.

According to him, most men are engaged daily in the pursuit of income for their families and are hooked to such activities that help provide means of livelihood to the extent that forgo taking care of their health situations.

Adekoya said that what the Light Consortium is doing as part of its advocacy efforts is to help create policies and programmes that can help influence gender transformative approach to tuberculosis care services, focusing on men.

He also said that the capacity training workshop for health journalists was meant to provide them with some basic overview of tuberculosis disease and its place as major public health concern in Nigeria.

Ighodalo will not fail Edo people because he has proven track records.

Former governor, Chief Lucky Igbinedion, in his speech said "PDP is the only party still standing since 1999, and we in Ovia are PDP. No shaking and I assure you come 21 September PDP will take the day.

"I want your voice to be loud with votes on that day because Asue Ighodalo and Osarodion Ogie are a good combination. For us to move forward in our state, we need Asue Ighodalo and Osarodion Ogie to lead," he stated.

Speaking at Okada, Obaseki said he is supporting an Esan candidate because of the need to create unity in the state. He also said another

important reason is because he is sure of the capacity of Ighodalo and Ogie to continue with his many laudable programmes and because "Dem bi men wey sabi."

On his part, Ighodalo assured the people that he would not disappoint them. He noted that they stayed in the rain because they attach so much importance to the election. He urged them not to bring shame to the Esama of Benin, Chief Gabriel Igbinedion, who he described as a lover of education for establishing both reputable secondary and university institutions. He said they should also not bring shame to the former governor, Chief Lucky Igbinedion.

UNILORIN Approves Establishment of Blue Economy, Centre for Gender Studies

Hammed Shittu in Ilorin

To compliment the federal government's effort on Blue Economy policies, the authorities of University of Ilorin, Kwara State, have approved the establishment Blue and Regenerative Economy and Centre for Gender Studies.

The institution said that, the establishment of the two centres was part of the recommendations of the Senate of the University during its recent 301 meeting held in Ilorin, the state capital.

A statement issued over the weekend by the University’s Director of Corporate Affairs, Mr. Kunle Akogun, said that the Senate meeting unanimously approved the establishment of the Centres following separate presentations of the recommendations of the BCOS by its Chairman, Prof. Olubunmi Abayomi Omotesho, who is also the Deputy Vice-Chancellor (Academic).

Mr. Akogun quoted the Chairman of the Senate and Vice-Chancellor, Prof. Wahab Olasupo Egbewole, SAN, as saying that the University Administration was the first to meet the initiator of the blue economy globally, Gunter Pauli, even before he met with the Federal Government of Nigeria.

He said that Mr. Pauli assured the university management of support, adding that UNILORIN is hoping to leverage the relationship to allow the centre to prosper.

According to the report of the

committee, the concept of the Blue Economy emphasises the sustainable use of oceans and freshwater resources while minimising environmental degradation.

The statement said that, the report states that to fully capitalise on their potential and address environmental challenges, Nigerian universities must prioritise their roles as centres for the production of knowledge and building capacities to drive the emerging sustainable economy referred to as the "Blue and Regenerative Economy."

The committee also recommended that the proposed Centre for Blue and Regenerative Economy should have a Board whose head shall be appointed by the Vice-Chancellor, and the management team should be headed by a director who will be assisted by deputy directors.

On the other hand, the committee for the establishment of the Centre for Gender Studies explained that the centre will provide a platform to critically examine and challenge traditional gender norms, roles, and stereotypes that perpetuate inequalities.

It added that by promoting gender-sensitive curricula and inclusive teaching practices, academic institutions can help overcome biases and promote equal opportunities for people of all genders. According to the Committee, the Gender Studies programmes are essential for advancing the global agenda for gender equality.

Onyebuchi Ezigbo in Abuja

L-R: Deputy Vice Chancellor Academic, Nasarawa State University, Keffi Professor Theophilus Daniel Lago; Director General National Emergency Management Agency (NEMA), Mrs Zubaida Umar; Vice Chancellor Nasarawa State University, Keffi Professor Sa'adatu Hassan Liman; and Registrar, Dr. Isyaka Ahmad II during the visit of the Vice Chancellor and management team to NEMA Headquarters in Abuja ... recently

5TH EDITION OF MAMADOR WOMEN MEETING...

We've Created Suitable Condition for Peace to Be Restored in Labour Party, Says Otti

Dismisses threats of sanction by Abure group

Emmanuel Ugwu-Nwogo in Umuahia

Abia State Governor Alex Otti says a conducive environment has now been created for peace to be restored in Labour Party (LP), following the successful convening of the expanded National Executive Committee (NEC) meeting by stakeholders last Wednesday. Otti expressed the optimism at the weekend in Umuahia while fielding questions at the September edition of his monthly media interaction. He said, "A wide majority of our people (LP members) supported the outcome of the meeting.

"Peace can be restored in the party. That was the reason for the meeting we held here."

The party’s stakeholders had at the NEC meeting dissolved the Julius Abure-led National Working Committee (NWC) and replaced it with a 29-member caretaker committee headed by

Senator Nenadi Usman.

The Abure group, however, kicked against the formation of the caretaker committee on the ground that the LP constitution had no provision for it.

But Otti, who is the LP governor, insisted, "What we did was the right decision," given that the term of the Abure-led

FG Moves to Address Micronutrients’ Deficiency among Pregnant Women

Onyebuchi Ezigbo in Abuja

As part of strategies to improve maternal and child health services, the federal government has said it has rolled out millions of Multiple Micronutrient Supplements (MMS) for pregnant women across Nigeria, to address their nutrition needs and significantly reduce the prevalence.

It said that the initiative aligned with the World Health Organisation (WHO) recommendations and the Federal Ministry of Health and Social Welfare's second pillar of our four-point agenda to improve population health outcomes.

A statement by the Assistant Director Information and Public Relations in the Ministry, Mr. Ado Bako said that the move became

necessary in the light of the Global Nutritional Report 2022, which revealed that the country was a long way from reducing anaemia among women of reproductive age.

"In Nigeria, Iron Deficiency Anaemia (IDA) remains the most common micronutrient deficiency, affecting over 60 per cent of pregnant women, according to the National Demographic and Health Survey (NDHS) 2018.

"These deficiencies not only put women at higher risk of severe health complications during pregnancy but also increase the likelihood of low birth weight, stillbirths, and developmental delays in children. MMS offers a comprehensive solution to these challenges," it said.

According to the ministry, daily supplement containing 15 essential vitamins and minerals designed to be taken throughout pregnancy, has emerged as a cost-effective solution in global maternal health interventions with a proven ability to reduce the risk of low birth weight by 21 per cent stillbirths by 9 per cent and small for gestational age (SGA) cases by 10 per cent.

The ministry said the introduction of MMS was part of the federal government’s broader strategy to enhance maternal and child health services.

"In 2021, MMS was incorporated into the national guidelines for the prevention and control of micronutrient deficiencies, demonstrating the government’s

commitment to improving nutrition as an integral component of antenatal care.

"The national rollout of MMS is being coordinated through antenatal care services, with distribution taking place at Primary Health Centres (PHCs) during routine services.

"The estimated demand for 2024 is approximately 421 million MMS tablets to meet the needs of pregnant women. So far, over 1.3 million bottles have been distributed across 12 states, with an additional 3 million bottles scheduled for delivery by the end of September.

"The ministry is also scaling up efforts through research initiatives and partnerships with non-state actors to enhance effective community-based distribution," it said.

USAID, Taraba Launch Intervention Schemes for Vulnerable Households

The USAID funded Integrated Child Health and Social Services Award (ICHSSA-4) project in collaboration with the Taraba state government has launched a comprehensive intervention programme aimed at supporting Orphans and Vulnerable Children(OVC) and their households in Taraba state.

The occasion witnessed the payment of N61 million for health insurance premiums for 5,085 beneficiaries, N20,000 cash transfer for 574 beneficiaries to alleviate financial burdens as well as the provision of vocational skills and start-up kits for 551 programme participants.

USAID funded ICHSSA-4, a five year programme(2019-2024) is collaborating with Taraba State Contributory Health Insurance Agency and the State Ministry of Women and Child Development Affairs while its being implemented by Pro-Health International and Catholic Relief Services.

Launching the programme in Jalingo weekend, the Chief of Party of ICHSSA-4 programme, Dr. Joseph Inyang stated that the programme aims to mitigate the effects of HIV and other causes of vulnerability in Taraba and five other states of Adamawa, Bauchi, Sokoto, Kebbi and Zamfara.

He noted that the interventions

were designed to improve the quality of life for children and families in Taraba State by empowering OVC and their households through sustainable economic growth and comprehensive and integrated service delivery.

Inyang reaffirmed the commitment of USAID-ICHSSA-4 saying: "We are dedicated to supporting state governments and local partners in providing comprehensive and high-quality services to vulnerable populations.

"Together, we can create a future where every child can thrive and reach their full potential. This intervention, combining health insurance, cash transfers, and

vocational empowerment, provides crucial support to improve the quality of life for children and families in Taraba State lays the foundation for long-term economic empowerment for vulnerable households."

The chief of party commended the Taraba state government for providing a very conducive atmosphere for ICHSSA-4 to operate and execute its programme in the state.

Speaking on the occasion, Taraba State Governor, Dr Agbu Kefas, who was represented by his Deputy, Alhaji Aminu Alkali said the programme was very strategic to his administration's policy of empowering the less privileged in the society.

NWC had elapsed since June 10, 2024.

Otti added, "Anyone that followed what happened would notice that people are happy over the outcome of the meeting.

"I believe that what we did was in the interest of the party.

We have a vested interest in ensuring that the party will continue to operate as a political party in Nigeria."

On the threat by the Abure group that they had set up

a disciplinary committee to sanction those behind the convening of the stakeholders’ meeting, the governor scoffed at the allusion that he and the national leader of the party, Mr. Peter Obi, could be among those targeted for sanctions by the Abure group.

"I don't think we should lose sleep over the people saying they will set up disciplinary committee. We are ready for them."

Tinubu to Police Graduates: Shun Graft, Serve With Honour, High Professionalism

Ahmad Sorondinki in Kano.

President Bola Tinubu, has urged the 478 graduates of 6th Regular Course Cadet, RCC, of the Nigerian Police Academy, Wudil, Kano State to shun all forms of corruption in the discharge of their duties.

Tinubu, who made the call on Saturday while commissioning the Cadet Officers at the Academy, also urged them to serve with honour by upholding the highest standards of professionalism.

The president, who was represented by the Vice-President Kashim Shetima also urged the graduants to shun excessive abuse of power in their duty post, saying "You should bear in mind that you are serving our nation.

"As you graduate, you should remember that you are Ambassadors of the Nigerian Police Force serving with passion and respect to fundamental human rights. I urge you to serve with honour, courage and compassion."

The president promised to continue to support the academy, describing it as one of the best training grounds for police officers in the sub-Saharan region.

He charged the new officers to prioritise the nation's interests and discharge their constitutional responsibilities with dedication and commitment.

He also appealed to them to

remain vigilant and uphold the ideals of the police, focusing on effective service delivery.

Tinubu further stated that his administration remained steadfast to ensure that Police Force continued to be equipped to improve its services in the area of combatting crime and prevention.

"Our administration remains steadfast to ensure that our police force is equipped to ensure crime prevention and fights in order to safeguard our country. We are working to provide vehicles, gadgets and other logistics to the Force to combat crime," he assured.

Tinubu also stated that his administration was working assiduously toward improvement of the welfare of police personnel, noting that it would ginger them in their duty of protecting the lives and properties of citizens.

In his speech, the Commandant of the Police Academy Wudil, AIG Sadiq Abubakar disclosed that out of the 478 cadets, seven graduated with first-class honours and 128 with upper second-class honour. They graduated after undergoing five-year rigorous academic and professional trainings he added. The commandant disclosed that the academy was set to commence degree programmes in criminology, security and education, adding that it was working towards establishment of faculty of engineering.

Wole Ayodele in Jalingo

L-R: Assistant Brand Manager, Mamador, Racheal Memeh; Head of Marketing, PZ Wilmar, Chioma Mbanugo; Finance and Wealth Coach /CEO, Smart Stewards, Sola Adesakin; Investment and Wealth Management Expert and Founder

The Green Investment Club, Tomie Balogun; Health Influencer, Egemba Chinonso (Aproko Doctor); Certified Family and Parenting Coach, Sandra Oluwadare; Veteran Nollywood Actress, Ngozi Nwosu and Brand Manager, Mamador, Oluyinka Adeyeye, during the 5th edition of the August Women Meeting organised by Mamador in Lagos … recently

BOOT CAMP ORGANISED BY LASEPA...

L-R: Senior Special Assistant on General Duties, Lagos State Environmental Protection Agency (LASEPA),. Saheed Adara-Ali; Executive Assistant to Lagos Governor on Environmental Protection Matters, Tolulope Adebowale; General Manager LASEPA, Dr Tunde Ajayi; and the Head of Partnerships, Grants Management and Innovations, LASEPA, Dr Olubukunola Olisa, at the Eco Explorer Boot camp organised by LASEPA as children advocacy programme for environmental sustainability in Lagos.... weekend

SERAP Gives Tinubu 48 Hours to Reverse

‘Unlawful’

Petrol Price Hike, Probe NNPCL

IYC

calls for Kyari, Lokpobri’s sack 48 persons killed in Niger tanker explosion, governor, Obi react, mourn

Chuks Okocha, Adedayo Akinwale in Abuja and Laleye Dipo in Minna

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the, apparently, illegal and unconstitutional increase in the pump price of premium motor spirit (PMS), also known as petrol, across its retail outlets”.

But Ijaw Youth Council (IYC), in its own reaction to the petrol

price increase, called for the sack of Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari, and Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri. IYC said the hike in the price of PMS had caused untold hardship for Nigerians.

In Niger State, no fewer than 48 people were confirmed killed in a petrol tanker explosion yesterday afternoon along Lapai-Agaie road.

Niger State Governor Mohammed Bago described the incident as a "painful" and "colossal loss of lives".

The presidential candidate of Labour Party (LP) in the 2023

general election, Mr Peter Obi, expressed sadness over the deadly explosion.

SERAP said Tinubu should direct the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi, SAN, and appropriate anti-corruption bodies to probe the allegations of corruption and mismanagement in NNPCL.

SERAP said the spending of the reported $300 million “bailout funds” collected from the federal government in August 2024, and $6 billion debt NNPCL owed suppliers, despite allegedly failing to remit oil revenues to the treasury, should also be probed.

The human rights group stated, “Suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.”

In the open letter to Tinubu, dated September 7, 2024, and signed by SERAP’s Deputy Director, Kolawole Oluwadare, SERAP said, “The increase in petrol price constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations.

“Nigerians have for far too

Gbajabiamila Urges Youths to Embrace Responsibilities, Back Solutions to Problems

Sunday Aborisade in Abuja

The Chief of Staff to President Bola Tinubu, Hon. Femi Gbajabiamila, has challenged the Nigerian youths to embrace leadership responsibilities and support the current administration’s efforts at tackling the social and economic crisis currently confronting the country.

Gbajabiamila gave the advice during the Third Graduation of the Fellows of the Legislative Mentorship Initiative (LMI), held at

the National Institute For Legislative and Democratic Studies (NILDS), Abuja.

Gbajabiamila, who founded the mentorship programme, urged the youths not to be afraid of the current situation of the country, because similar economic and social crisis were happening in many countries of the world.

He urged them to embrace leadership trainings with a view to coming up with ideas that could help leaders at all levels and tiers of government in their attempts to

rescue the country from its current challenges.

Congratulating the 50 new fellows of the LMI programme to embrace leadership positions in the public service, Gbajabiamila said, “To our graduating fellows, today marks more than the completion of your journey through the LMI fellowship programme.

“It signifies your readiness to step into the arena of public service, to embrace the responsibilities and challenges that lie ahead as leaders.

“Leaders that will embody the

right values, the rights virtues, and set clear visions that will catalyse transformational change in our country and beyond.

“Do not be afraid. Nigeria, like all nations across the world, has faced its share of challenges-adversity, mistakes and setbacks. Yet, each time, we have emerged stronger, as a people and as one nation under God.

“A new generation – people like you are learning from the past, taking these lessons to heart, and finding ways to make things better.”

Bauchi Governor, Mohammed, Charges New PDP Leadership on Unity, Cohesion

Awofadeji in Bauchi

Bauchi State Governor, Senator Bala

Mohammed, has highlighted the significance of inclusivity in governance, stressing that successful leadership relies on strong partnerships between those in power and the people they serve. The governor was speaking weekend at a civic reception organised in honour of the newly elected Chairman of the ruling

Peoples Democratic Party (PDP) in the state, Samaila Burga and his Executive Council members. He pledged to continue his efforts to drive positive change in the state, emphasising the importance of collaboration between leaders and citizens just as he reaffirmed his commitment to serving Bauchi people and the PDP. Mohammed expressed gratitude to the PDP leadership for their unwavering support and

contributions to the party's objectives, attributing Bauchi State's recent achievements to the unity and determination of the PDP.

He congratulated Burga on his election, expressing confidence in his leadership and ability to guide the party to greater accomplishments.

He cited Samaila Burga's extensive experience and commitment to the party's values as key factors in his success

stressing that the task ahead of the new executive in the state is to steer the party to victory in 2027 general elections.

In their remarks, Burga and his immediate predecessor, Alhaji Hamza Koshe Akuyam, acknowledged Mohammed's outstanding leadership and contributions to the state's development and the party, assuring him of their continued collaboration for the success of his administration.

long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the oil sector.

“Rather than pursuing public policies to address the growing poverty and inequality in the country, and holding the NNPC to account for the alleged corruption and mismanagement in the oil sector, your government seems to be punishing the poor.

“The increase in petrol price has rendered already impoverished citizens incapable of satisfying their minimum needs for survival.

“The increase is not inevitable, as it stems from the persistent failure of successive governments to address allegations of corruption and mismanagement in the oil sector and the impunity of suspected perpetrators.

“Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support the operations

of the NNPC have resulted in persistent and unlawful hike in petrol prices.”

IYC Calls for Kyari, Lokpobiri’s Sack IYC stated that the actions of Kyari and Lokpobiri had contributed to the current economic challenges, which were mostly felt in oil-producing areas of the Niger Delta.

President of IYC, Dr. Theophilus Alaye, in a statement, said Kyari and Lokpobiri were politicising the operation of the oil and gas sector, resulting in severe hardship for Nigerians.

Alaye said the inability of the duo to effectively manage the country's oil resources had led to a ripple effect of hardship, including high fuel prices, scarcity of petroleum products, and a strain on the national economy.

The IYC president stressed that Lokpobiri and Kyari had failed in their responsibilities to ensure transparency and accountability in the oil sector.

Benue Revenue Board Seals Ortom's Coy

George Okoh in Makurdi

The Benue State Board of Internal Revenue Service(BIRS), has sealed off the premises of Oracle Business Ltd, owned by former Governor Samuel Ortom over an alleged N93.5 million tax default.

Also sealed in the Makurdi operation led by the BIRS acting Chairman, Mr. Sunday Odagba and Board Secretary/Legal Adviser, Mr. Ushahemba Dekaa, were Jagshu Filling Station over alleged N2.1millon default and Ubgechi Filling Station also in default of alleged N2.1million.

The enforcement was a sequel to an order of a Makurdi High Court empowering the Board to enforce the consequences of the default.

Speaking after the Oracle business offices were sealed in parts of the town, the BIRS Legal Adviser pointed out that the company failed to meet its obligations for upward of six years and the Board had no option but to wield the big stick.

“We have had time to assess the tax of the company all along. They have had to go back and forth in relation to payment which they failed to do.

“And we have had several meetings and engagements with them. In fact, at some point we were even pampering them to ensure that they paid their taxes and levies but they failed to.

“So today we had to come and enforce the Court Order we got from the High Court of Justice just because they have failed to pay their taxes.

“The tax liability of Oracle Business is about N100millon and it has been standing there for well over six years.

“In fact, it is one of the companies that refused to pay tax to the government despite their activities we felt that it is incumbent on them to pay their tax, and where you fail to do, the law will take its course and that is why we are here today,” he said.

Segun

Abdukadir

ROTARY YOUTH LEADERSHIP ACADEMY…

L-R:

Rofiat Mosunmola; past Assistant Governor, Gbenga Ojo; Chairman, RYLA 2024 and Assistant Governor, Azuh Arinze, during the RYLA 2024 closing ceremony, in Lagos… recently ETOP

Ijaw Youths Back Clark over Call for Wike’s Arrest

Olusegun Samuel in Yenagoa

The umbrella body of Ijaws youths worldwide, the Ijaw Youth Council (IYC), has backed Niger Delta foremost Ijaw leader, Chief Edwin Clark, on his call on the InspectorGeneral of Police (IG) to arrest former Rivers State Governor and Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his threat to put

fire on Peoples Democratic Party (PDP) controlled states if they interfere in Rivers state politics.

A statement signed by Spokesman of IYC, Binebia Princewell, said their support become very imperative following some undemocratic elements that dared to oppose Chief Clark’s position when in reality the position taken, calling for the arrest of Wike is the only way to pay for

UBA Rewards 30 Lucky Customers in Legacy Promo

As part of ongoing activities to commemorate its 75th anniversary, United Bank for Africa (UBA) Plc, has rewarded 30 loyal customers with over N17 million in the just concluded draw for August.

The winners were announced following a transparent draw conducted at the bank’s headquarters, which was streamed live on YouTube.

Representatives from the National Lottery Regulatory Commission (NLRC) were invited to oversee the proceedings, ensuring fairness and compliance with regulations.

The bank said in a statement that inthe top tier, 10 lucky bumper account holders: Joshua Izenobor, Chigozie

VictorAbel, Cornelius Peter Nwankwo, Joy Esele Asibor, Mohammed Abubakar, Marachi Jenifer Kevin, Chidinma J. Okoronkwo, Saidu Ahmadu, Philomena Ezekiel, and Peace Ogechi Idoko, emerged as winners of N1 million each.

UBA explained that in the second category, another group of 10 lucky customers were rewarded with N500,000 each. The beneficiaries of this prize are: Elizabeth Warekoromor, Deborah Ijeoma Simon, Prince Chukwuamago, Yohanna Cyrus, Aishatu Aliyu, Djachi Ben-Ikezam, Tibebi Glory Esiteh, Emmanuel C. Udekwe, Ozima Friday Asiku, and Beauty Danasabe.

Ex-ADC Ekiti Guber Candidate, Oluyede Defects to PDP

Gbenga Sodeinde in Ado Ekiti

The governorship candidate of African Democratic Congress (ADC) in the 2022 governorship election in Ekiti State, Dr. Oluwole Oluyede, has formally defected to the Peoples Democratic Party (PDP) in the state He was formally received by the representative of PDP leaders, members and supporters in the 16 local government areas at a meeting held in his country home in Ikere Ekiti at the weekend.

his reckless comments.

IYC also stated that Wike’s statement was a prelude to chaos and anarchy in a country that is already grappling with series of challenges ranging from insecurity

and the biting hardship faced by Nigerians

The Ijaws youth body said Wike’s remark is so undemocratic and should be a great concern by reasonable, patriotic and responsible Nigerians.

The statement said: “Government anywhere in the world loses legitimacy when it becomes docile on issues that matter concerning its citizens. If it is people like Wike that are the main characters in the Tinubu

Government, it shows that there is no hope for a better Nigeria. It has further put a serious question mark on the Renewed Hope Agenda of President Bola Ahmed Tinubu. Nigeria is already at the crossroads.”

Bandits have Enslaved Our People, Says Shiroro LG Group

Laleye Dipo inMinna

The Coalition of Shiroro Associations in Niger State has raised the alarm that bandits and terrorists have enslaved their people forcing them to farm for the bandits.

The bandits have also dispossessed the villagers of their

harvests especially soya beans and maize just as several of the villagers have relocated to Gwada, Zumba, and Lakpma towns.

Raising the alarm in Minna at the weekend, the coalition through its spokesman, Mallam Saidu Usman flanked by other executive members of the group, said the situation was

climaxed by the recent killings of no fewer than 13 villagers at Mai-Gero in Manta ward of the local government.

“It is disheartening that inhabitants from the affected communities have been forced to abandon their farmlands and ancestral homes for fear of being

kidnapped or killed” Usman further lamented that “ it is discomforting and heart rending that in the mist of intense security crises that the Nigeria Army decided to withdraw their troops from Allawa community without any prior notice, leaving the inhabitants at the mercy of terrorists.”

Hardship: Legal Practitioner, APC Chieftain Task FG on Policies Affecting Masses

Hammed Shittu in Ilorin and Yinka Kolawole in Osogbo

A legal luminary and Senior Advocate of Nigeria(SAN), Chief Seni Ibiwoye at the weekend tasked federal government to have a rethink on the various economic policies that have continued to

bring hardship and hunger to the masses of the country.

Similary, a Chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has appealed to President Bola Tinubu, to act very quickly and save the masses from further hardship.

Ibiwoye said that the masses of this country are groaning and suffering as a result of the recent hike in the prices of premium motor spirit(PMS) popularly called petrol.

Ibiwoye, who is also the National President of Old Boys Association of Government

Secondary School ( GSS )Maraba, Ilorin, Kwara state spoke with journalists in Ilorin on the sideline of the 50th celebration of 1979 set of the institution. About 50 of them in late 60s and 70s gathered together in their school uniform to celebrate the occasion while 27 of them are late

Group Pressures CBN to Clear Self of Misappropriation Allegations

Seriki AdinoyiinJos

clear itself of the allegations.

Conference of Autochthonous Ethnic Communities Development Association (CONECDA) has called out the leadership of the Central Bank of Nigeria (CBN) over its silence in face of grave allegations of misappropriation, urging the bank to address Nigerians and

According to him, “It is time to stop bad governance in Ekiti State and build the state. The people that came here today have only asked me to join the party. I have not declared to run for the governorship position. I have challenged the PDP to go back and build the party.

“Everybody should take Wole Oluyede off the look. I am not looking for any personal thing. What I am looking for is the growth of Ekiti State and Nigeria.

Oluyede, an Australia-based medical consultant, explained that he accepted the invitation to join PDP after some leaders in the party came to woo him, regretting that Ekiti State has been shortchanged by the All Progressives Congress (APC)-led government.

Group

to Partner Film Practitioners, Others to Promote Yoruba Belief System

Towards curbing the denigration and bastardisation of the Yoruba belief system, a group known as Isese Welfare Association (IWA), has expressed its commitment to organise a one-day interactive session with stakeholders in the film industry and skit makers in the South-west region.

The group, in a statement issued yesterday by its National Publicity Secretary, Ifatayo Ayomo Awolade, said the symposium will provide a sustainable channel for periodic consultation and collaboration

towards the preservation of Yoruba culture, tradition and heritage through film making and the theatre.

He said it has become imperative to reorganise the Isese community at large in Yorubaland, create new innovations and enduring capacities to deal with challenges encountering the Yoruba divinatory practices, traditions, spirituality, heritage and religion known as Isese, adding that the event to be held on Thursday at the International Conference Centre, University of Ibadan, will be hosted by High Chief Ifayemi Elebuibon, who is the Araba Awo of Osogbo.

Michael Olugbode inAbuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) intercepted at three courier firms in Lagos consignments of cocaine and pharmaceutical opioids concealed

Addressing a press conference in Jos, Plateau State, North Central Coordinator of CONECDA, Comrade Paul Joshua Dekete, said that the decision by the top leadership of the apex bank to remain silent in the face of allegations of gross misconduct, extravagant spending, and abuse of

in ladies’ sanitary pads and hair treatment cream loaded in containers heading to the United Kingdom, Ireland and Cyprus.

A statement issued yesterday by the spokesman of the anti-narcotics agency, Femi Babafemi, said in one of

power is to say the least, extremely troubling.

He said: “It is a known fact that Nigeria currently grapples with a worsening economic crisis marked by the soaring inflation and a depreciating naira, and the CBN is facing a scandal that has only heightened public anxiety.

“The controversy on extravagant spending amid economic hardship centres on the CBN Governor, Olayemi Michael Cardoso and his four Deputy Governors. Philip Ikeazor, Emem Nnan Usoro, Bala Bello, and Muhammad Sani Abdullahi, who have been accused of authorising the purchase of six armoured Lexus LX 600 vehicles worth a staggering N10 billion.

the logistics companies, not less than 30 parcels of cocaine weighing 1.1 kilogrammes were concealed in hair cream containers were recovered by NDLEA officers of the Directorate of Operations and General Investigation, DOGI, during examination of cargoes

going to Ireland last Tuesday. Another consignment of 24 parcels of cocaine weighing 862 grammes also hidden in hair cream containers meant for delivery in UK was equally intercepted at the same company last Tuesday.

C&S Appoints Samaye New Church Conference Secretary-General

Sunday Okobi

The Cherubim and Seraphim Movement Church Worldwide Ayo Ni O has appointed Special Apostle and Prophet, Dr. Anthony Olusesan Samaye, as the new Conference Secretary-General of the church.

In a letter dated September 4,

2024, which was signed by the Spiritual Father and Chairman of the church, His Grace, Baba Aladura, Baba Aladura E.AAlogbo, the church prayed for God’s empowerment on him to excel in the assignment.

Samaye, who was recently proclaimed as an outstanding Georgia citizen by the State of Georgia, United States of America,

started off as a member and attended Sunday School at the 6th Lagos District branch of the church, Surulere, Lagos in 1977, after which he held several positions in the church. He is expected to bring his years of experience to bear in his new position, to help proclaim the word of God globally. Baptised in 1989, he attained grace in many areas of the church leadership, including the pioneer secretariat official, Youth Fellowship Group, Surulere, January 1990 to 1997; Certificate of Training, Youth Fellowship Group, Lagos District, November 2, 1991; Assistant Secretary, Youth Fellowship Group, Lagos District, January 1991 to 1992; Public Relations.

Community Leaders Accuse Edo Govt of Monarch Imposition

Ayodeji Ake

Three heirs to Ososo throne in Akoko Edo Local Government Area in Edo State have petitioned the state government over its alleged involvement in affirming a new monarch, ignoring traditional process. In a petition by the three marginalised quarters– Unukhu Ani, Unukhu Egbetua and Unukhu Ikpena, who lamented that it was like a hit from behind when one Prince Dele Obaitan, the immediate past Edo State Commissioner of Tourism and Diaspora Affairs, the eldest son of the deceased royal father, was allegedly summoned

to the office of the Commissioner of Local Government and Chieftaincy Affairs in Benin and handed a letter of appointment, to their greatest shock, without regards to due process. The petitioners are: Elders Monday Bello, Joseph Olowodun and Lawrence Jowell (suing for and on behalf of Ani Autonomous Community, Ososo); Elders Peter Momoh, Ileri Jerumeh, Emmanuel Alle and Emmanuel Akinseyi (suing for and on behalf of Egbetua Autonomous Community Ososo); and Elders Buoro Ajayi Buoro, Aiyero Alabi and Dominic Ayeni )suing for and

Pioneer Governor, Rotary Club, Distinct 9111, Dr Oluwole Kukoyi; Overall Best Girl on Rotary Youth Leadership Academy (RYLA 2024)

UKUTT

on behalf of Ikpena Autonomous Community, Ososo).

Kemi OlaitaninIbadan

NOT DIFFICULT TO GOVERN?

varieties of gari, beans, amala and egusi that we have in Nigeria before he reached his startling conclusion that the country is not difficult to govern? Even when he was a military dictator with full powers subject only to a small Supreme Military Council which in practice could not restrain him because its members were all his military juniors, how many things did he left undone? His Operation Feed the Nation [OFN] farm that he started cultivating inside Dodan Barracks, did he harvest it? The high-falutin speech that he gave in Kaduna State in 1977 and the media called it “Jaji Declaration” where he said Nigerian society should be “fair, just, humane and African,” did it happen? All the banks and oil companies that he seized from White owners and renamed them “National Oil, African Petroleum, Union Bank, Afribank” etc., are they not back in the hands of Whites and their local fronts? Even the new National Anthem that he so laboriously crafted and adopted, has it not been discarded recently in favour of the one crafted by an English woman? So how easy has it been to govern Nigeria? Even when he returned as civilian president in Nigeria and complained that all the great institutions he and his military colleagues established in the 1970s were destroyed, including the oil refineries, depots and ports, did he revive them? Nigeria Airways collapsed under his very eyes, even though he boasted that he left it with many planes when he first left in 1979. Was Nigeria Railway Corporation easy to govern? In 2003 when I and a group of other editors interviewed the then President Obasanjo, he said Railways’ monthly pension bill was N250 million

while its revenue was N40 million a month. Did it improve since then?

Many things happened last week alone that made me to wonder if, indeed, Nigeria is so easy to govern. There was this photo of the Minister of State for Defence, Bello Mohammed Matawalle, arriving at Sokoto airport in full military gear, the Chief of Defence Staff closely behind him, that they were there to rid Sokoto, Zamfara and Katsina states of kidnappers and bandits. Who gave the minister that uniform to wear? I perused his CV and did not see where he even belonged to the Boy Scouts or Red Cross during his school days. Yet, he catapulted himself to an Army Marshal’s battle fatigues. Since their arrival in Sokoto, have they caught any bandits? The bandit Bello Turji, who the social media has accorded the title of Lieutenant General, is even there posting pictures of himself setting fire to a captured Armoured Personnel Carrier.

Did you ask Governor Dauda Lawal of Zamfara State if it is easy to govern last week, when his whole state machinery was rattled by a fake memo posted on social media, that he was paying N200million each to bandit kingpins Bello Turji and Dogo Gide, when he had been saying at every opportunity he got that he opposed negotiating with bandits? The “memo” even had the Zamfara SSG’s signature as well as Governor Lawal’s “approval” with a red pen. Did ZMSG do any other work that day, apart from scrambling to disown the memo?

You say Nigeria is easy to govern, so why, despite the arrival of the Defence Minister of State in full battle gear, was the Governor of Katsina State singing a different

NIGERIA'S PUBLIC POLICY GAMBLES

measures. The implementation was phased, with provisions for targeted support to assist vulnerable citizens, ensuring the impact was cushioned for lower-income households. The Philippine government also proactively communicated the rationale behind price changes and the benefits of deregulation, which helped build public trust and acceptance of the reforms. This strategic, long-term approach fostered a more sustainable oil and gas market in the country, a stark contrast to Nigeria's short-term, reactive policy formulation.

Second, policymakers in Nigeria are often driven by short-term gains and personal interests. The prospect of immediate results or benefit too easily sways them, and they seldom consider the long-term impact. True leaders think about generational impact and provide solutions that transform society for posterity. Unfortunately, such leaders are not common in Nigeria . Many policymakers are so short-sighted and parochial that their focus on policy is as narrow as pursuing the subsequent election victory. Even when good policies are created to benefit society, a lack of political continuity often kills their implementation. Political discontinuity in policy execution has led to frequent policy disruptions. New policymakers tend to abandon previous policies to create new ones, even if the old policies are addressing the challenge it was designed to address or nearing completion. This constant change fosters confusion and instability.

Thirdly, policymakers in Nigeria often lack a deep understanding of the policies they plan to implement or the economic context. Instead of developing solutions that are tailored to Nigeria's unique circumstances, they often defer to foreign solutions—a copy-and-paste approach, without the necessary adaptation . The floating of the Naira under this administration is a prime example. On paper, the policy aligns with recommendations from international financial institutions like the IMF and World Bank and was heralded as the solution to Nigeria's exchange rate problems. However, previous governments resisted the policy due to fears of unintended consequences in an import-dependent and mono-product export economy. This lack of understanding and the blind adoption of foreign solutions have led to the current exchange rate crisis. May be adaptation could have produced

tune, exhorting the people of villages and towns to rise up to a religious injunction to take up arms and defend themselves, their families and their dignity from bandit attacks? Have the security agencies given up on the task assigned to them by the Constitution, and people must go back to pre-Constitution religious injunctions for guidance on how to handle internal insecurity matters? Governor Dikko Radda appeared close to giving up on the security system, after buying so many vehicles and gadgets.

Nigeria is not difficult to govern? Why did President Tinubu ensure that he travelled to the end of the world [China] before NNPC surreptitiously announced a fuel price increase? It didn’t actually announce it; we at first saw a leaked internal memo telling marketers to increase oil prices, which the Minister of State for Petroleum distanced himself from, before we saw fuel station attendants climbing up ladders and changing the displayed prices at their stations. Government later said fuel will reappear at the stations, but was silent on the price increase, before the president spoke in China and defended it.

How can Chief Obasanjo say that Nigeria is easy to govern when the government’s position and that of citizens on petrol price, one is at the North Pole and the other is at the South Pole? It is a big conundrum and no one seems to know how to bridge the gap. We the citizens, we want government to invest heavily in internal security, to build roads, rail and safe airports, to invest heavily in quality education and health care, to invest heavily in food production for us to eat well and at good prices, to protect our environment

a different result . Nigeria's economic structure means that fluctuations in the Naira's value against major currencies directly affect the cost of living for millions of Nigerians, especially those living in multidimensional poverty. The government was overly optimistic, expecting the Naira to stabilize at around N750 per USD. However, within a year of implementing the policy, the exchange rate has mostly harmonized and partially deregulated (with the CBN still intervening to influence the Naira's value). However, the currency has depreciated by over 300%, from N500 per USD at the start of this administration to N1600 recently. The problem lies in the supply of USD in

and cultural heritage, and to win trophies in international sports competitions in order to boost our national ego.

In the last 50 years, most of government’s money came from oil, and we want that one as cheap as possible so we can pay modest fares for taxis and buses and as many millions of us as possible could have cars in front of their houses and drive around as they please on cheap petrol. We couldn’t find the right balance for these fundamentally irreconcilable expectations, and by last month NNPC declared that it could go bankrupt, was owing suppliers $6billion for supplied fuel and may no longer be able to import refined fuel, as government mandated it too. The story is of course more complex than that, especially when we factor in the corruption, the opaque fuel subsidy arrangement, the muddled-up communication with the public, and the Dangote Refinery story angle, which so far is full of claims and counter-claims and we are not yet sure what is the full truth.

Dangote Refinery is to many Nigerians what the boxer Gerry Cooney once was to the world’s White people. In 1982, the great boxing promoter Don King declared Cooney to be “the Last White Hope” to clinch the world heavyweight boxing title from a string of black champions, including Brown Bomber Joe Louis, Sony Liston, Muhammad Ali, George Foreman, Ken Norton and Larry Holmes. Could this refinery, owned by the shrewdest of businessmen, sitting pretty in an Export Free Zone, menacingly hugging the Lagos coastline and threatening to export its products if we cannot agree on the right price, be a solution to our fuel price problems?

poor communication with stakeholders. The government needed to adequately prepare the public for the unintended consequences or provide sufficient remedial and palliative measures. As the saying goes, 'To be forewarned is to be forearmed.' Nigerians were unprepared for what they are now facing.

Moreover, misleading narratives led to these policies. The government framed the economic situation under the Buhari administration as dire, suggesting that without these two policies, the country would collapse. This doomsday narrative initially led to the policies being received as the panacea to Nigeria's economic woes. But time is proving the opposite, and people are increasingly frustrated. The difference between the tail end of Buhari's regime and now feels like a lifetime. The price of everything has at least doubled, if not more.

I advocate for a more intellectual approach to governance. Politics seems to dominate everything, and this lack of capacity to engage with the complexities of governance leads to ineffective policymaking and implementation. Nigeria must develop a national policy elite capable of creating, pursuing, and sustaining sound policies. Nigerian leaders must work to bridge the gap between policy formulation and implementation. Most policies fail at the implementation stage due to conflicting interests and the impunity that hinders Nigeria's economic and social progress.

the market, which neither the Nigerian government nor the private sector has significantly impacted. Demand far outweighs supply, leading to a severe erosion of the Naira's value.

It is evident that policymakers in Nigeria often underestimate the challenges and potential unintended consequences of their policies. This was the case with both the oil subsidy removal and the exchange rate floating. As a result, they have yet to find answers to the many unintended consequences that have nearly overwhelmed the planned policy objectives. Most Nigerians are less concerned with the policies' good intentions and more affected by the harsh consequences. Furthermore, there was

In Nigeria, the persistent failures of public policy reflect more profound issues in the governance structure, where reactive measures, short-term thinking, and a reliance on foreign templates overshadow the need for tailored, well-researched, and rigorously planned policies. The consequences of these approaches are evident in the current economic distress and public disillusionment. Nigeria must cultivate a new generation of leaders and policymakers who prioritize long-term societal transformation over immediate political gains to break this cycle. These leaders must embrace a more intellectual and context-sensitive approach to governance, ensuring that policies are well-conceived and effectively implemented, with robust mechanisms in place to mitigate unintended consequences. Only through such a paradigm shift can Nigeria hope to achieve sustainable economic and social progress.

Babangida

Oluwafemiayo Caps Team Nigeria’s Outing in Paris with Gold and New World Record

Duro Ikhazuagbe

Folashade Oluwafemiayo capped

Team Nigeria’s outing at the Paris 2024 Paralympic Games which ended yesterday in the French capital with an outstanding world record performance and a gold medal.

Until yesterday, the last day of competition, Team Nigeria had just one gold medal to show with several silver and bronze medals.

Another para-powerlifter, Onyinyechi

Mark won the earlier gold in the 61kg category.

But Oluwafemiayo who is the world record holder in the +86kg category, was determined not to leave Paris 2024 without improving her record and the precious gold medal. It was with this at the back of her mind that she kicked off her campaign yesterday. Oluwafemiayo was flawless

Eguavoen Talks Tough as Super Eagles Land in Kigali

Coach Augustine Eguavoen has said that his squad “is on a momentum” as they countenance Tuesday’s 2025 Africa Cup of Nations qualifying match against the Amavubi of Rwanda at the Amahoro Stadium in Kigali.

“We have the right mentality now, and the mood in camp is excellent. Everyone in camp is eager for us to pick up the three points in Rwanda and stay firmly on top of the qualifying table. We are here for business and I am happy that everyone is on the same page.

“I am also happy that we have arrived here in good time, and the players can rest well while we look forward to the official training on Monday afternoon (today).

The Nigerian delegation to Tuesday’s match, departed the Victor Attah International Airport, Uyo at 12.48pm on Sunday aboard a ValueJet Airline’s Regional Jet 900, landed at the Kigali International Airport at 5.20pm Rwanda time. Rwanda is

one hour ahead of Nigeria.

The delegation, which included 23 players and the team’s officials, was led by President of NFF, Alhaji Ibrahim Musa Gusau, and also had NFF 1st Vice President Felix Anyansi-Agwu and a couple of Executive Committee Members, General Secretary Mohammed Sanusi, a couple of NFF Staff, few stakeholders and few media representatives.

Team Captain, William TroostEkong said: “There is nothing much to say other than that we are here for a purpose. Our target is the three points, and we have spoken among ourselves on the imperative of going hard for it from the first blast of the referee’s whistle.

“It is going to be a tough game because Rwanda have a good team and got a point from their first match. We must not relent throughout the 90 minutes.”

NPFL: Enyimba Win ‘Oriental Derby’ at Heartland, Sunshine Crush Bayelsa Utd

Enyimba recorded a 3-1 victory against Heartland in an ‘Oriental Derby’ in Owerri in the first week of the 2024/2025 Nigeria Premier Football League (NPFL) yesterday. Enyimba ‘s new signing, Clinton Jephta, grabbed a late brace in the encounter.

In Kano, veteran star Rabiu Ali netted twice for Kano Pillars to beat Ikorodu City 3-0, while Sunshine Stars hammered Bayelsa United by the same scoreline.

There were away wins for Niger Tornadoes at Kwara United (2-1) and Remo Stars at Abia Warriors (2-0), while home teams Nasarawa United and Bendel Insurance had to share the points.

Shooting Stars snatched a stoppage time equaliser at Nasarawa, while Insurance were held to a scoreless draw by Rivers United despite having their goalkeeper sent off in the 52nd minute.

Plateau United stopped visiting Katsina United courtesy of a 24th

minute penalty converted by Olawale Doyeni. Today, Lobi Stars, who are now under new management after Dominic Iorfa was relieved of his position as vice chairman, will welcome Akwa United in the last game of the first week of the NPFL.

(MATCH-DAY 1)

Abia War 0-2 Remo Stars

B’Insurance 0-0 Rivers Utd

Heartland 1-3 Enyimba

K’Pillars 3-0 Ikorodu City

Kwara Utd 1-2 Tornadoes

Nasarawa 1-1 Shooting

Plateau 1-0 Katsina Utd

Sunshine 3-0 Bayelsa TODAY

Lobi Stars v Akwa Utd

from her first lift of 157kg, establishing an early lead over China’s Xuemei Deng and Egypt’s Nadia Ali, who lifted 150kg and 141kg, respectively, in their first attempts.

The Nigerian para-powerlifter then went straight to lift 162kg, equaling the Paralympic Games record set by her compatriot a few years ago. Both Deng and Ali lifted 153kg and 145kg, respectively, in their second attempts.

Not done yet, Oluwafemiayo went ahead to broke her previous record of 165kg, to set new Paralympic and world records by lifting 166kg and 167kg, respectively in the Women’s

+86kg category.

China’s Deng who could not match the feat of Oluwafemiayo was comfortable, winning the silver medal with a final lift of 155kg, while Egypt’s Ali, unable to lift 154kg in her final attempt, settled for the bronze medal with her second lift of 145kg.

Speaking shortly after Oluwafemiayo won Team Nigeria’s second gold medal, Sports Minister, Senator John Owan Enoh, praised her efforts, describing the gold as “an incredible performance from Oluwafemiayo who takes Nigeria's overall tally at the Paralympics to seven medals overall.”

Senator Enoh stressed that the Para-powerlifter had delivered and outstanding performance.

“Our very own Folashade Oluwafemiayo has delivered an outstanding performance at the Paralympics. She achieved something no other woman has done in powerlifting at the 2024 Paralympic Games in Paris, France.

“Folashade not only set a Para-

lympic record by lifting 167kg, but she also set an elite World Record.

“As Team Captain for Team Nigeria's contingent at the Paris 2024 Paralympic Games, Folashade has demonstrated great skill, determination, and an excellent spirit,” stressed the minister.

He therefore urged Nigerians to help celebrate this uncommon sportswoman;.

“Let's come together to congratulate and celebrate our champion for bringing pride to herself and our great nation, Nigeria,” concludes the minister.

Team Nigeria finished the 2024 Paris Paralympic Games with two gold, three silver and two bronze medals.

Games Village Opens for 8th National Youth Games in Asaba

The Games Village for the 8th National Youth Games, tagged Asaba 2024, will open today ahead the Games’ opening ceremony scheduled for Wednesday.

The 8th National Youth Games will hold from September 9 to 19. The opening ceremony will take place at the Stephen Keshi Stadium, Asaba. Secretary of the Local Organising Committee (LOC), Festus Ohwojero, said on Sunday in Asaba that all the venues scheduled to host the athletes would start operating from this Monday.

Ohwojero, who is the Director General of Delta State Sports Commission stated that the over 5,000 athletes competing at the Games would be camped in different venues, including the Dennis Osadebay University, the Sports Commission hostel, Anglican Girls’ Grammar

Nigerian Youth League Will Tackle Slave Contract, Says Adakosa

Olawale Ajimotokan in Abuja

The President/Founder, Nigeria Youth League Cup (NYLC), Robinson Adakosa, has said the league intends to confront the problem of Nigerian and African players signing slave contract with clubs in Europe and other parts of the world. He affirmed this in Abuja over the weekend at the launch fundraising gala on NYLC. Adakosa said the League will project the lot of Nigerian footballers and give them a visible

platform to display their talents.

He criticised some Shylock agents fond for ripping off academy and club owners of fortune and wanting to reap where they did not sow, saying it was time for club and Academy owners to now enjoy the fruit of their labour.

"The NYLC was borne out of frustration from stakeholders especially Academy owners and footballers. From my own background, I have a football academy and it pains a lot after spending so much money, your resources after training those guys and at

some point when you expect to make some money out of your investment, then you see clubs and agents from abroad want to get these players free of charge. They will be asking for free agent and all like that.

"They would say, 'I can't really sign this player unless he is a free agent'. So, it becomes frustrating. And because the players are also desperate, they also want to betray the club owners despite what we sink into the business to make sure that they get the visibility they needed."

School (AGGS) and Infant Jesus Academy.

Organisers assured all athletes of health insurance in case of medical emergency that may occur in the course of the Games.

Chairman NYG media subcommittee, Harrison Ocholor, revealed that all athletes are covered during the period of the competition in accordance with standard practice worldwide.

He stated that the health and overall well-being of the young athletes

participating in the competition is key, and is being taken seriously by the organisers.

Ocholor advised all states contingent to compete fairly as the organisers would not tolerate any form of cheating throughout the Games.

“The Technical Committee from the Sports Ministry and those based in the state will ensure that athletes screening is not compromised.”

Meanwhile, Team Sokoto is talking tough ahead the Games.

expressed his utmost confidence in Team Sokoto's preparedness for the Asaba 2024 NYG.

The Games will witness the participation of Team Sokoto's U-15 female handball team, U-15 male handball team, U-15 male volleyball team, and the U-15 football team. Following

Duro Ikhazuagbe

Eleven-year-old BenueState Tennis player, Goodluck Tersoo was the star player of the weeklong CBN Junior Tennis Championships concluded at the Lagos Lawn Tennis Club at the weekend. Along with another 11-yearold, Mofi Atilola, the two kids paint a bright future for Nigeria’s tennis with the quality of play exhibited by the duo.

Tersoo in particular played above his Boys 12 age category and went ahead to the next stage, the Boys 14s to emerge champion. In the Boys 12 category final, Tersoo coached by his father, dropped the first set in the five set super tiebreak decider against the defending champion Ikem Amasiani from Abuja, but recovered to win 8-10, 11-9, 10.8, 10-5.

Same day, the Benue lad similarly dropped his first set in the Boys 14s when playing a much older Lagosbased Isah Yahaya. Tersoo also came through 11-9, 2-10, 10-5, 10-8 to also win that category to claim two prizes in one junior competition. Yahaya who did not take the loss to a younger opponent lightly, cried all the way to the presentation ceremony.

Mofi Atilola on the other hand won the Girls 14s and was semifinalist in the Girls 16s.

Atilola recorded a sensational comeback victory against Ndidi Osaji in the Girls 16s to qualify for the semifinals but found Aina Goodnews from Ekiti too strong for her. She however overran Bisola Ogunkolade from the Ekiti team 10-0, 10-5, 10-0 in the Girls 14s finals.

In the Boys 16s, David Edwards

whose one-handed backhand was at its ferocious best defeated Abuja-based Dubem Amasiani to claim the prize. Edwards dropped the first set against the 14 & Under champion who decided to try his skills in a higher age group before winning 2-10, 10-6, 10-7, 10-6. Other winners were Gloria Samuel

his assessment of the CBN Junior Tennis Championships, said the tournament has proved once again that the junior base of tennis talent is well established and compares to any standard in the world.

L-R: China's Deng Xuemei (silver medalist); Folashade Oluwafemiayo of Nigeria (gold medalist) and Egypt's Nadia Ali (bronze medalist) shortly after they were presented with medals on the last day of the Paris 2024 Paralympic Games

The State Director of Sports, Alhaji Abdulhakim Yakubu, has

their victories in the zonal competition, Yakubu is optimistic of Team Sokoto surpassing their past mark this year.

who beat teammate Aina Goodnews in five sets and Success Godwin from the Lagos Mainland club who defeated Mabubat Rasaki from Oyo State in the Girls 12s. Godwin Kienka, Director of the International Tennis Academy, organisers of the ITA Junior Tennis Circuit, in

TRUTH & REASON

Monday, September 9, 2024Price:

MISSILE

Gov Radda to Terrorised Communities

“Ihavesaiditthatthesecurityagentscannotdothisworkalone.Iamsurprisedattheway wearedyinginsuchahumiliatingmanner.Youseefivecriminalsattackingacommunity of2,000to3,000people,rapedaughters,womenandabductingotherswithoutany confrontationfromthepeople...Ifthereare100youthswhoconfrontthem,theywillnot shootformorethanthreetimeswithoutbeingcapturedwithbarehands" -KatsinaState Governor,DikkoRadda,callsforselfdefenceagainstbanditsterrorising his state.

MAHMUDJEGA

VIEW FROM THE GALLERY

There are only three other people who know this matter first-hand nearly as much as former President Olusegun Obasanjo does. He declared recently that Nigeria is not at all difficult to govern. He made that stunning declaration at Osogbo in Osun State when, after dancing a jig with Governor Ademola Adeleke, the former president led the way to commission a presidential lodge inside the Government House. I don’t know if it was the dancing that got to Chief Obasanjo’s head; he declared Adeleke to be his “dancing partner,” which was a serious exaggeration because the governor is a world-class dancer whereas Obasanjo could at best shuffle and wiggle. Chief Obasanjo ruled Nigeria for a cumulative eleven and a half years, February 1976-October 1979 and then May 1999-May 2007. General Muhammadu Buhari’s total rule [December 1983-August 1985 and May 2015-May2023] was shorter by one full calendar year. Both men however had the unique experience of ruling this country both as military dictators and as civilian presidents, a very rich study in contrasts.

Someone once said that Army Generals are always fighting the last battle, unable to adjust to changing circumstances. It was no wonder that both these men ruled in

their Second Coming as if it was their First Coming, emasculating democratic institutions and traditions, trampling their political parties underfoot and treating the news media, trade unions and civil society groups with a mien ranging from cold rebuff to severe disdain.

The other two men with a long stretch of ruling Nigeria are Generals Yakubu Gowon and Ibrahim Babangida. They were very different kettles of fish from those first two. Each one of them ruled for the whole stretch as a military ruler, though both unsuccessfully tried to bounce back as civilian rulers, one in 1993, the other in 2011. One was very friendly, cheerful and as gentle as a nurse, while the other one spotted a [fake] cheer, created more agencies than anyone could count, and dribbled the country like a combination of Pele and Mbappe. Since all four of these men are still alive, could they kindly get together and tell us whether they in fact agree that Nigeria is easy to govern?

Chief Obasanjo did add a rider, that indeed Nigeria is complex but that it is not difficult to govern when you have a leader who is honest with God and the

people and who has conscience and good character attributes. But Chief, that is a very big “if.” It reminds me of Basket Mouth, when a young girl told him that she was waiting for a “Mr. Right” to marry, one who is honest, sincere, loving, caring, who does not lie, does not drink, does not smoke, does not cheat and who is God-fearing. Basket Mouth calmly said, “Please wait a little. Jesus Christ will soon come back.”

You say that Nigeria is easy to govern when leaders who made much greater impact on their countries still thought those countries were near impossible to govern? In 1962, the imperious French President Charles De Gaulle said in exasperation about his country, “How can you govern a country that has two hundred and forty-six varieties of cheese?” Cheese experts later protested that De Gaulle undercounted them, because when sub-varieties are added, France had nearly 2,000 varieties of cheese!

We may not have a lot of cheese, but did Chief Obasanjo stop to count the

Continued on page 38

Not Difficult to Govern? DAKUKU PETERSIDE

BENEATH THE SURFACE

Nigeria's Public Policy Gambles

In July 1986, Nigeria's military president, General Ibrahim Babangida, launched a public policy initiative hailed as the silver bullet for Nigeria's distressed economy: the Structural Adjustment Programme (SAP). A local adaptation of an IMF/ World Bank initiative, SAP was intended to stabilise the economy. However, within a year of its implementation, the programme had left a trail of hunger, industry closures, unemployment, and acute poverty. Instead of achieving its objectives, SAP exacerbated the economic crisis, leaving Nigerians groaning under economic hardship. SAP was part of a broader World Bank/IMF global economic policy framework.

While SAP failed from a broad perspective, certain socio-economic elements—like poverty alleviation, job creation, and rural development— experienced some success in the medium term.

Fast forward 37 years to 2023, and Nigeria's new political leadership revisited

two critical elements of the 1986 SAP: the policy on petrol subsidies and the floating of the Naira. While these policies' medium to long-term impacts are still uncertain, their short-term effects bear an uncanny resemblance to those of their predecessor.

The issue is not necessarily the nobility of these policies' intentions—after all, the road to hell is often paved with good intentions. Nor is it about the appropriateness of the policies themselves. What's indisputable is that these public policies have imposed unintended consequences, hurting the very people they were meant to help. These aren't the only government policies in Nigeria, at both the national and state levels, that have failed to achieve their intended objectives or have produced adverse effects.

It is not uncommon to see government policies fail to meet their goals. Such failures drain public resources, exacerbate the suffering of the people rather than alleviate it, and erode public trust in the

government. The question is, why? As Nigeria continues to embark on new public policies that, if not carefully examined, may produce unintended consequences, I will explore why public policies fail in Nigeria and how we can do things differently.

First is the need for more rigour in policy conception. Most policies emerge as reactive measures to imminent problems the government seeks to solve. This reactive approach often forces a sense of urgency in policy formulation, leaving little time for proper planning, research, cost-benefit analysis, and scenario mapping of both intended and unintended consequences. We often see policy statements made in the media by leaders on the fly, with policy implementing institutions scrambling to catch up in executing these policies. This approach is dangerous in a democracy and detrimental to economic development. The lack of rigour in developing the fuel subsidy removal policy is evident for all to see.

For instance, the president made a straightforward policy statement during his inaugural speech that "oil subsidy is gone," triggering immediate reactions from the people and the economy. However, there was no clear, overarching policy framework to guide the process, consider intervening variables, anticipate unintended consequences, and devise ways of mitigating them. The policy apparatus was unprepared, and implementation has been a game of catch-up with unintended results. The ongoing attempts to rein in the consequences of this policy have largely failed, and the damage is evident for all to see.

Contrastingly, the Philippines, one of the few countries that successfully removed petrol subsidies, took a markedly different approach. The government meticulously laid the groundwork for the policy over nearly five years, engaging independent assessors to evaluate the potential impact of subsidy removal and mitigation

Continued on

Obasanjo