MONDAY 11TH NOVEMBER 2024

4m bpd Target: KPMG Reviews FG’s Incentives, Thumbs-Up Moves to Cut Production Cost

Emmanuel Addeh in Abuja

oil theft, waning investment, aging infrastructure, among others, for the current challenges. In May 2023, the Oil and Gas

IG Forbids Quasi-security Outfits During Ondo Guber Election, Pledges Peaceful Poll

PDP, CUPP caution electorate against vote selling as parties share fertilisers, rice, maize to voters

and

that no quasi-security organisation, including state-backed groups, like Vigilante Corps or Amotekun,

would be permitted to participate in the Saturday election. Reaffirming the established guidelines governing election

security management, Egbetokun also issued stern warning to political thugs and individuals or groups that might contemplate acts of violence or disruption before, during, or after the election, saying they would face the full force of the law.

Peoples Democratic Party (PDP)

Presidency: Atiku is Undermining Tinubu’s Government Out of Envy

Deji Elumoye in Abuja

The presidency, last night, lashed out at former Vice President Atiku Abubakar over his unceasing criticism of the President Bola Tinubu administration, saying he should end his delusions and imaginations because he is already undermining the president.

In a statement by presidential spokesperson, Bayo Onanuga, the presidency said Atiku was also envious of Tinubu's position, which he had failed to get after a record six attempts.

Stressing that Atiku appeared not to be in tune with current economic realities in the country, the presidency made it clear that the former number two citizen’s criticisms of the Tinubu government were hare-brained propositions devoid of realistic alternatives.

ADEDUNTAN RETIRES FROM FIRSTBANK...

L-R: Nnamdi Okonkwo (GMD FBN Holdings); Ebenezer Olufowose, Chairman FirstBank, Governor Babajide Sanwoolu of Lagos State, Adesola Adeduntan, and wife (retired GCEO FirstBank Group); Governor Dapo Abiodun of Ogun State, Emir of Kano, Mohammad Sanusi II, CFR (who is a former GCEO of FirstBank); and current GCEO of FirstBank,

Segun Alebiosu at the Special SendForth organised by FirstBank for its retired GCEO, Dr Adesola Kazeem Adeduntan, FCIB in Lagos...recently

Coalition of United Political Parties (CUPP) also appealed to

Chuks Okocha and Linus Aleke in Abuja Inspector General of Police, Kayode Egbetokun, yesterday, ordered

FG Moves to Prevent Repeat of P&ID, AGF Raises C’ttee to Audit MoUs on Gas Projects

Alex Enumah in Abuja

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has inaugurated a committee to audit agreements or Memorandums of Understanding (MoU) on Accelerated Gas Development Projects (AGDPs).

The move is part of efforts at preventing a repeat of the nation’s most unpleasant experience in the P&ID case which originated from one of such AGDPs.

A statement by the Special Assistant to the President on Communication

& Publicity, Office of the Attorney General of the Federation & Minister of Justice, Mr Kamarudeen Ogundele noted that the committee is chaired by Mr Olasupo Shasore (SAN).

Other members of the committee are: Mrs. Folashade Alli (SAN); Mr. Tolu Obamuroh, Olaniwun Ajayi –represented by Muyiwa Balogun; General Counsel & Company Secretary, NNPC; Secretary & Legal Adviser of NUPRC; Director, Civil Litigation and Public Law of the ministry, Mrs Memuna Shiru and Director, Solicitors Department, Mrs Gladys Odegbaru.

“The Committee will keenly review the AGDP agreements with a view to ensuring avoidance of potential landmines or other forms of liability and achieving a final closure against predatory investors.

“The committee’s assignment will also proper legal and commercial guidance that will enable the government effectively harness the nation’s huge gas resources in line with the Nigerian Gas Master Plan to promote domestic gas revolution,” the statement said.

The committee has a timeline of three months to deliver on its mandate.

The statement also disclosed that the AGF had earlier inaugurated a committee for the review of Bilateral Investment Treaties and Nigerian Investment Promotion Commission Act.

It stated that the inauguration of the committees marked a new chapter in efforts to promote Nigeria's economic prosperity, strengthen international partnerships, and remove all potential avenues of liability from moribund or non-performing agreements.

According to Ogundele, the government by the review exercise was taking a proactive step to ensure that the nation remains competitive

and attractive to global investors and is not a haven for unscrupulous and predatory investors.

The minister appreciated members for accepting to serve on the committees despite their busy schedules and commitments to other interests.

He added: “I thank you for your much anticipated sacrifice and contributions to the socio-economic and legal development of our dear nation. I encourage the two committees to work diligently and collaboratively to achieve the set objectives.”

Responding on behalf of the

PRESIDENCY: ATIKU IS UNDERMINING TINUBU'S GOVERNMENT OUT OF ENVY

Onanuga stated, "Since his defeat in the last election, former Vice President Atiku Abubakar has shown more interest in undermining President Bola Ahmed Tinubu than in addressing his party's implosion. We suspect he is envious of Tinubu's position – an office he has unsuccessfully sought six times.

"It is perplexing that he would elevate his untested, hypothetical proposal, which Nigerians soundly rejected during the 2023 presidential election, and seek to present it as a superior alternative to the multi-faceted reform programmes implemented by the Tinubu administration.

“If his plan lacked popular appeal, he must acknowledge that merely repackaging it will not resolve the social and economic challenges his Peoples Democratic Party (PDP) bequeathed after 16 years in power.

"Atiku’s economic analysis demonstrates a significant misunderstanding of Nigeria's realities. His narrative, ‘What We Would Have Done Differently,’ indicates an inability to engage with the pressing economic realities being revitalised multidimensionally under President Tinubu’s leadership.

"What reforms would Atiku propose at the onset of his hypothetical and fabled presidency? While he suggests a consultation period upon assuming office, the reality is that the Nigerian economy requires immediate and decisive action. A leader must be prepared to tackle challenges from Day One, as President Tinubu has done.”

The statement added, "Atiku, going further to accuse President

Tinubu of ‘stealing his presidency’, exposed his sense of entitlement and his disconnect from the electorate.

“The truth is that Tinubu rightfully won the presidency, a position Atiku was simply unqualified for due to his arrogance, insensitivity to Nigeria’s diversity, and the decision to disregard his party's power rotation arrangement between the North and the South after eight years of President Muhammadu Buhari.

"Atiku’s idea of a consultation period upon entering office shows a troubling lack of awareness regarding the state of the economy, which was in dire need of urgent action. The Tinubu administration came prepared with a firm action plan to address the shortcomings that persisted during President Olusegun Obasanjo’s time when Atiku was vice president.

"We can only speculate what detrimental impact Atiku’s proposed lengthy town hall and Village Square meetings would have had on Nigeria's economy if he had been elected president and taken such an approach.

“The country needed a proactive leader such as Tinubu, who immediately set to work on addressing economic challenges rather than one who would have squandered precious time on consultations and a questionable privatisation agenda.”

The presidency maintained, "Atiku's critiques of Tinubu’s presidency are mere hare-brained propositions devoid of realistic alternatives. He must reckon with the decades of mismanaged economy inherited by the current administration, including exorbitant

subsidy expenditures far exceeding government earnings from crude oil.

“As of mid-2023, the landing cost of fuel was between N500 and N600, while it was sold nationwide at an average of N200. The 2023 budget allocated N3.36 trillion for fuel subsidies until June 2023 against a projected N2.23 trillion in oil revenue for the year. The Nigerian state was on life support.

"Instead of conjuring imaginary scenarios, we expect the former vice president to engage with these urgent realities.

"The estimated N5.4 trillion savings from subsidy removal in 2024 are being actively directed toward infrastructure development and social intervention programmes, initiatives that will benefit all tiers of government and enhance Nigerians' quality of life.”

The statement said, "We expect Atiku to commend what the Tinubu administration has done concerning revenue generation for the Federation. Without factoring in oil sales, revenue proceeds generated by the Federal Inland Revenue Service almost doubled in the first half of 2024, compared with the level Tinubu met in 2023.

“The states and councils are more prosperous because of it, as many states have increased the minimum wage for their workers to between N70,000 and N85,000. Atiku’s proposal to privatise the four government-owned refineries, which collectively can only meet a fraction of the nation’s daily fuel consumption when activated, lacks originality.”

The presidency also alleged, "In 2007, investors were only willing

to offer $160 million for 51 per cent equity in the Port Harcourt Refinery, while the Kaduna Refinery had an offer of $102 million. According to industry experts and the late President Umar Musa Yar’Adua, Nigeria’s Head of State at the time, who cancelled the sale of the refineries by the Obasanjo-Atiku government, the offered bids were considered scrap value.

"As vice president, Atiku oversaw the sale of the nation’s assets to private individuals and cronies at low prices. Today, most public enterprises Atiku sold have been stripped and become dead assets.

"The model of farming, the completely rehabilitated refineries to private sector managers at an agreed-upon rate of return to the government, as adopted by Tinubu’s government, is more practical and value-laden than selling our national patrimony to some private interests that are not technically capable of operating the refineries.

“The Tinubu administration focuses on revitalising these refineries while supporting modular refineries and the Dangote Refinery, which have greater capacity. This approach will guarantee domestic production and stabilise retail prices by reducing foreign exchange challenges. It includes selling crude oil to the refineries in Naira, enabling potential cost reductions that could reflect in retail prices.”

The statement explained, "Regarding Atiku's allegations of corruption within the NNPC, the fuel subsidy has historically been the leading corruption enabler in the state-owned oil company. President

IG FORBIDS QUASI-SECURITY OUTFITS DURING ONDO GUBER ELECTION, PLEDGES PEACEFUL POLL

the people of Ondo State not to sell their votes. They reminded the people that selling their votes meant selling their right to question the government in power.

A statement by the force spokesperson, Assistant Commissioner of Police (ACP) Olumuyiwa Adejobi, said, "The message is clear. Those who attempt to jeopardise the peace and security of the state will not go unpunished."

Egbetokun further assured the public of the unwavering readiness of the police to ensure a peaceful and orderly election process across all 18 local government areas, 203 wards, and 3,933 polling units in the state.

He stated that the security of the election was a responsibility entrusted solely to the police and other federal security agencies, along with the broader membership of the Inter-Agency Consultative Committee on Election Security (ICCES).

The police, in collaboration with other federal security agencies, he said, remained committed, vigilant, and fully prepared to ensure that the Ondo State governorship election proceeded smoothly, without incident, and in accordance with the highest standards of electoral integrity.

The IG revealed that a comprehensive plan had been set in motion to guarantee a

smooth election, including the strategic deployment of adequate personnel, resources, and stateof-the-art equipment.

According to him, "The deployment will see officers from various specialised units, including the Special Intervention Squad, Police Mobile Force (PMF), Counter Terrorism Unit (CTU), Special Protection Unit (SPU), Explosive Ordinance Disposal Unit, K-9 Unit, Federal Investigation and Intelligence Response Team (FID-IRT), and Federal Intelligence and Security Task Force (FID-STS), working in concert with other security agencies.

"These agencies will adhere strictly to the guidelines of the Electoral Act, 2022, ensuring that all measures taken align with the principles of fairness, transparency, and order."

Egbetokun also disclosed that in addition to ground personnel, aerial patrols would be conducted with police helicopters, while gunboats would patrol the state’s waterways and riverine areas to ensure security across all terrains.

He said the comprehensive measures would serve as a deterrent to any attempt to disrupt the electoral process and would enhance the overall stability of the elections.

PDP, CUPP Caution Electorate

PDP and CUPP appealed to the people of Ondo State to shun selling their votes.

In an interview with THISDAY, National Publicity Secretary of PDP, Debo Ologunagba, said, "The issue of vote buying is becoming a cancer in our electoral history. There is actually nothing we can do about it because both the electoral body and the security agencies are complicit.

''The only thing we can do is to appeal to their conscience because selling their votes is to sell their conscience and this will deprive them from questioning the government in power when things are going wrong.”

Ologunagba called for reform of the electoral act to include some of the recommendations of the Justice Mohammed Uwais commission, such as setting up an electoral offences commission to try electoral offenders.

He said, ''When the electorate know that there are consequences for their actions, in the form of prosecution, it could go a long way to deter such criminal actions in many ways that it affects the integrity of elections.''

Secretary of CUPP, Chief Peter Ameh, expressed concern about the culture of vote buying, calling on opposition parties to take proactive

measures to prevent it.

Speaking with THISDAY, Ameh, who was chairman of the Inter Party Advisory Committee (IPAC), said, ''The security agencies in Nigeria have been accused of complicity in vote-buying, a criminality that undermines the country's democratic process.

“This accusation stems from their apparent lack of action against vote buying, which many believe is due to their desire to maintain favour with those in power.''

A non-governmental organisation, Yiaga Africa, also alleged that political parties and candidates in Ondo State had resorted to inducing voters with cash gifts and food items to secure their support ahead of the November 16 governorship election.

It said its Long Term Observers observed cases of voter inducement during campaign activities in Akure South, Ese-Odo, Ifedore, Irele, Ondo East, Ose, and Owo local government areas.

The organisation alleged that leaders of All Progressives Congress (APC) distributed fertilisers, rice, cassava, and maize to community leaders tasked with distributing these items within their areas of influence.

The observation was contained in Yiaga’s Pre-election Assessment report presented at the signing of the ceremonial Peace Accord in Akure, the Ondo state capital.

committee, Shashore who noted that the task was onerous, promised that members will discharge their duties with patriotism.

Tinubu's removal of this subsidy eliminated the most significant incentive for corruption within the NNPC.

“During his eight-year tenure as Vice-President, Atiku and his boss had an opportunity to address this issue but failed to make any significant reforms in the oil sector. In any case, is it not ironic that an Atiku, who was entangled in corruption allegations, including one in which his wife was indicted and his business associate, former US Congressman William Jefferson, was jailed for 13 years, is now talking about corruption matters?

4M BPD TARGET: KPMG REVIEWS FG’S INCENTIVES, THUMBS-UP MOVES TO CUT PRODUCTION COST

Sub-committee of the Presidential Advisory Council had set performance targets for the country by 2030, with the aspiration to raise oil production to 4 million barrels per day and gas to 12bcf per day. Following these ambitious targets, the federal government issued three Executive Orders in February 2024 and in October issued additional fiscal incentives for the oil and gas production.

They include: Value Added Tax (VAT) Modification Order 2024 as well as Notice of Tax Incentives for Deep Offshore Oil & Gas Production (Tax Incentives, Exemption, Remission, etc.) Order 2024.

In its analysis, KPMG argued that the decision to cap the hydrocarbons liquids content of a gas field to 100 barrels per million standard cubic feet (mmscf) was commendable.

The world-renowned consultancy firm explained that this will help to develop fields with lower liquid content, thereby making them more economically viable.

Generally, it explained that high hydrocarbons liquids in a field is considered desirable as it t enhances the field's value, recovery, and production rates.

“ Consequently, there will be a tendency for operators to focus on only liquids to the detriment of gas production, which is required to help unlock Nigeria's energy potential while also improving energy security on a sustainable basis.

“We also note the intention of the government to encourage operators to drive down unit technical cost of production by reducing the incentives granted under the Notice by 10 per cent for qualifying developments when costs exceed the benchmark set by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which is $20 per barrel of oil equivalent for 2024.

“While this is commendable, it is essential to ensure that the benchmark price remains competitive for operators in the sector if it considers the unique challenges faced by Nigerian oil and gas producers, such as security cost, bureaucracy, excessive regulatory oversight,” KPMG added.

Besides, it stressed that it was a welcome development that the government has now reintroduced tax credits rather than the production allowances contained in the Petroleum Industry Act (PIA).

“Undoubtedly, tax credits have a more significant impact than production allowances given that operators can claim 100 per cent deduction from the tax liabilities due, unlike production allowances whose impact is limited to the applicable tax rate.

“Under the PIA, Production Sharing Contracts (PSC) operators involved in deep offshore gas production cannot

claim the production allowances as the allowances are limited to hydrocarbon liquids crude oil, condensates, and natural gas liquids.

“Even then, the operators are unable to utilise the allowances since they are only subject to companies income tax and there is no provision for the deduction of production allowances under the Companies Income Tax Act,” it explained in the review of the new oil and gas incentives.

However, it pointed out that the jury was still out on whether the incentive package was competitive enough to ignite the expected reaction from investors, as businessmen will only invest where there is an expectation of high returns on their investment “Consequently, all potential projects will have to be evaluated in terms of the rate of return they generate. The government will need to monitor the response of investors on a periodic basis and make the necessary adjustments when needed given the competitive landscape for oil and gas projects,” it stressed.

Acknowledging that the Nigerian Oil and Gas Industry remains in dire need of investments to revitalise the sector, coupled with International Oil Companies (IOCs) divesting from onshore and shallow water assets and concentrating their efforts on deepwater operations, KPMG stated that it had become crucial for government to incentivise deep offshore operations to attract the required investment. Earlier, Tinubu had signed the Oil and Gas Companies (Tax Incentives, Exemption Remission, etc.) Order, 2024; Presidential Directive on Local Content Compliance Requirements, 2024 as well as the Presidential Directive on Reduction of Petroleum Sector Contracting Costs and Timelines, 2024.

Dissecting the key provisions of the Notice and its implications for taxpayers, businesses in the oil and gas sector of the Nigerian economy and the public at large, including Tax Incentives for Deep Offshore Oil and Gas Production and Tax Credit on Crude Oil Production, KPMG highlighted that they introduce a Production Tax Credit (PTC) on crude oil production in the deep offshore petroleum operations. It stated that for existing deep offshore leases with Field Development Plan (FDP), where the lessee makes a Final Investment Decision (FID) between 28 February 2024 and 1 January 2029, the following shall apply:

“Lower of $3 per barrel or 20 per cent of the fiscal oil price for crude oil produced in upstream petroleum operation from commencement of production until a total of 150 million barrels is reached, provided that the producible reserves for such deep offshore development do not exceed 400 million barrels of crude oil equivalent.

Lateef Fagbemi

ARAB-ISLAMIC SUMMIT...

NACCIMA: Prevailing High Interest Rates Regime

Reflect CBN System’s Disconnect from Businesses

Says Nigeria portraying wealth is derived from holding government offices than productive enterprises

Dike Onwuamaeze

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Hon. Dele Kelvin Oye, has described the prevailing high interest rates in Nigeria as a reflection of a central banking system that is disconnected from businesses' needs.

Oye stated this last week in the keynote address titled “Economic Growth and Development Strategies for a Resource-Rich Country,” which he delivered in Yenagoa, Bayelsa State, during the “All Nigerian Editors’ Conference 2024,” where he stated that the current structure of the Nigerian government and rewards accruable to political office holders seemed to portray that wealth is often derived from holding governmental offices than productive enterprises.

He said: “High interest ratespeaking at 35-40 per cent - reflect a central banking system that appears disconnected from the needs of its

populace and businesses.

“The Nigeria 10-year Government Bond Yield reached an all-time high of 21.25 per cent in August 2024.

“The central bank's high-interest regime, coupled with bond yields exceeding 20 per cent, has led local banks to prefer investing in bonds rather than supporting businesses.

“This trend discourages entrepreneurship and diminishes economic growth, as evidenced by Zenith Bank's reported one trillionnaira profit in Q3 2024, mirroring profits seen across other banks, without commensurate lending to businesses or support for industrial growth.”

Oye also alleged that poor management of Nigeria’s foreign exchange market has seen the value of the Naira depreciate from N460.70 in May 2023 to around N1,735 per dollar on November 7, 2024.

According to him, the laissezfaire approach to exchange rate management has left businesses vulnerable to a rapidly fluctuating and depreciating naira.

He pointed out that “the absence of transparent, stable exchange policies that can enhance the value of the Naira, has been a significant contributor to hunger and economic distress among our people.”

Besides monetary policy, Oye further alleged that the absence of clear fiscal policies as businesses approach the end of 2024 financial year had been stifling business planning and investment decision, which compelled them “to operate amid a fog of uncertainty, hampering growth and innovation.”

He said: “This lack of clarity means that companies merely react to new policies, leading many to relocate to more organised countries.”

Commenting on the structure of government, Oye lamented that the judiciary, the legislature, and the executive are increasingly becoming too costly for the Nigerian economy to sustain.

His words: “The current framework is designed in a way that favours the political elite over the working class,

making it challenging for production to thrive.

“In developing countries like ours, it seems that wealth is often derived from holding governmental offices rather than from productive enterprises.

“I propose that our elected officials, particularly in the legislative arm, should serve in a part-time capacity, funded solely by their constituents or state governments.”

He added that the current tax system favours political elites over the productive sectors of the economy and urged the government to ensure that tax revenues should translate into robust investments for infrastructure and community development instead of inflating governmental expenditures through the monthly Federal Accounts Allocation Committee (FAAC) distributions, which often leave taxpayers with little to show for their contributions.

In addition, Oye admonished governments to be wary of over-

NEPC Counsels MSMEs on Products Certification for Export Market

James Sowole in Abeokuta

The Nigeria Export Promotion Council (NEPC), has tasked operators of Micro, Small and Medium Enterprises (MSMEs), on the need to get relevant certification for their products, to enable them get buyers in international markets in addition to getting buyers in local market.

The NEPC said by getting appropriate products certification, MSMEs would be able to increase their production, which will automatically boost their income and will have multiplier effects on their companies with ultimate higher profits.

The NEPC stated this at a workshop, organised by a German Agency, GIZ in Abeokuta, Ogun State, for MSMEs operating in 11 clusters in the state.

The workshop, was in pursuance of the "Access to Market" component of the GIZ's Sustainable and Inclusive Economic Development for Decent

Employment in Nigeria, Programme (SEDIN) programme of the German agency.

At the workshop, bulk buyers, MSMEs operators, government regulatory agencies, ICT organisations and Chambers of Commerce interacted freely on the theme, "Linking MSMEs To Bulk Buyers" and other sub themes, for mutual benefits.

In a presentation, the Head of Product and Marketing Department of NEPC, Ogun State office, Hadiza Kashiat, expressed the willingness of the Council, to help MSMEs to project their products to the outside outside Nigeria. Specifically, Kashiat said getting international certifications like Food and Drug Administration (FDA) for the United States of America and Hazard Analysis and Critical Control Point (HACCP), which is among global quality certifications, would make their products attractive in international markets.

Kashiat advised MSMEs operators to show concern about what is happening in the entire cluster they were operating from for aggregate benefits rather than just concentrating on just their own enterprise.

The NEPC officer stressed the need for MSMEs to strive and produce premium products to enable them get premium patronage and premium price.

She expressed the willingness of the NEPC to help them get relevant products certifications like FDA, HACCP among others for their products.

In a welcome remark, the Head of Component Access to Market of SEDIN, Sina-Uti Waziri, stressed the need to confront factors limiting their access to larger markets by MSMEs operators despite their expectations and importance to the Nigeria's economic landscape and job creation.

She said: "Micro, Small and Medium Enterprises (MSMEs)

are vital to Nigeria's economic landscape contributing to job creation, poverty reduction and economic diversifications.

"However, significant barrier to their growth is limited access to larger markets, especially bulk buyers who can offer considerable and sustainable demands for their products. Therefore, addressing this challenge is crucial for enhancing the sustainability and scalability of MSMEs.

"The Linking 'MSMEs to Bulk Buyers' workshop is designed to bridge this gap by creating a dynamic platform where MSMEs can connect with bulk buyers, understand their requirements and explore opportunities for sustainable partnerships."

Some of the participants, who spoke at the workshop, commended the GIZ for regularly providing fora for MSMEs operators, regulatory agencies and other stakeholders on how to improve their business operations.

taxation as no state will tax its citizens beyond their ability to pay and still expect to the economy to grow.

He also cautioned President Bola Ahmed Tinubu’s administration against indulging in blame game, in collaboration with the World Bank, that attribute the negative impacts of its policies to its predecessors because it would complicate the country’s economic recovery efforts.

Oye said: “While it is essential to understand the historical context of our current situation, the government must also take responsibility for its present and future policies.”

The national president of NACCIMA, therefore, urged the editors that the role of the media has become crucial in this environment

of significant mismanagement and major national challenges.

“The Nigerian Guild of Editors (NGE) must assume a proactive stance in holding government and corporate entities accountable for their actions. By ensuring transparency and advocating the public good, the media can help revive public trust in our institutions.

“As members of the guild, you embody the theoretical checks on government and society, helping to shield our people from poor policies, corruption, and the abuse of power.

“The future is in our hands. And together, let us write the next chapter of Nigeria’s story as one defined by transparency, accountability, and transformative growth,” Oye said.

Otti Spends N90bn on Abia Debt Payments, Says State Fertile for Investments

Emmanuel Ugwu-Nwogo in Umuahia

Governor Alex Otti of Abia State has said that his government has so far spent N90 billion to service the debt of N191.2 billion inherited from the immediate past administration. He made this known at the November edition of his media chat, saying that the debt payment, which represents 47.1 percent of the total debt profile, "shows how effective this government is".

Otti said his predecessor inherited just N34.5 billion debt in 2015 but after eight years in office Okezie Ikpeazu grew Abia debt portfolio by over 500 percent which was handed over to his government on May 29, 2023.

However, he stated that despite the huge amount already spent on debt servicing, his government has not borrowed a dime from any source and would continue to manage the finances of the state with prudence.

The Abia chief executive expressed delight over the success recorded by the Abia State Public, Private and Foreign Investments Agency which was set up last year.

He said that the agency has justified the purpose for its establishment, citing the National Bureau of Statistics(NBS) report showing that Abia has so far attracted $150 foreign investments inflow to place third behind Lagos

and Abuja.

While expressing his happiness that Abia has moved from 27th position to third in the ranking foreign investment destinations in Nigeria, Otti noted that investors don't pander to emotions.

According to him, foreign investors have been "knocking on our doors" in search of opportunities to invest in Abia, adding that the recent ones include investors from the U.S and Turkey.

On the alleged opacity of road project costs, Otti said that "there's no rule in place stopping anybody from disclosing the cost of road projects".

But he was quick to add that information on how much his government spends on every road project would only be made available to. "genuine people who want the information".

Otti made it clear that government expenditure on road projects would not be given to those who want the information for propaganda and other ulterior purposes.

He announced that his government has recently awarded contracts for the construction of several road contracts across the state with total length of 83.32 kilometres.

The governor assured Abia people that all the ongoing road projects were progressing satisfactorily and would be completed according to specifications and time schedule.

President Bola Ahmed Tinubu (L) arrived in Riyadh, Saudi Arabia for Islamic Summit, received by the Deputy Governor of Riyadh, Prince Mohammed AbdulRahman at King Abdulaziz International Airport, Riyadh…yesterday

LAUNCH OF KANGOEXPRESS NIGERIA...

Fitch Projects Naira to Slide to

N1,993/$

by

2028, Severely

Emmanuel

Addeh in Abuja

BMI, a Fitch Solutions company, has predicted that the naira would slide to as low as N1,993 to one US dollar in 2028, severely impacting the ability of players in the country’s pharmaceutical industry to import

medical devices.

In a new report, the company stated that despite expected rebound in the economy, Nigeria’s medical devices market will continue to face operational and demand headwinds over the near term.

According to the report themed:

Obasanjo, Adesina Hail Ex-Ogun Commissioner on UK Varsity's Achievement Award

Former President Olusegun Obasanjo and the President of the African Development Bank (ADB), Dr. Akinwunmi Adesina, have congratulated a former Commissioner for Agriculture in Ogun State, Dr. Adeola Odedina.

Odedina was congratulated for bagging the 2024 University of Wolverhampton, United Kingdom, Alumni Honour Award for Lifetime Achievement.

The messages of Obasanjo and Adesina were contained in a message shared by Odedina, to journalists.

Odedina, a set of 1991, clinched the coveted price ahead of three other nominees namely Sandra Wallace CBE, James Meehan and Razwana Begum Abdul Rahim.

According to the organizers, the prestigious award recognises the outstanding lifetime accomplishments of a graduate for their ongoing and significant contribution to their profession or society since graduating.

Odedina, who has previously served as a Provost of the Federal College of Agriculture, Akure and Rector, Moshood Abiola Polytechnic, Abeokuta has mentored no fewer than 40, 000 young Nigeria whom have expressed keen interest in smart agriculture and agro business amongst others.

The former commissioner for agriculture, edged out other finalists to emerge winner of the prestigious award.

Receiving his latest award, Odedina expressed delight over his nomination and eventual win saying: “this is the highest point of my life and career. I listened to the profile of fellow finalists, and I said, do I stand a chance? I am happy this is a reality.”

Odedina added that he received congratulatory messages over his nomination from the former president of Nigeria, Chief Olusegun Obasanjo and the President, African Development Bank, Dr. Akinwunmi Adesina, who he describes as his

mentors.

He further said: “I left Wolverhampton Polytechnic in 1991.

I studied Agricultural Education and what I learnt became very handy when I was the Commissioner for Agriculture in Ogun State, Nigeria during the Covid – 19 era where I mapped out road map for agriculture."

"Attending the University of Wolverhampton's global award ceremony felt as grand as the Olympics - a place to participate, not just to win.

"It’s no wonder that finalists choose to celebrate their nominations like the Grammy and Ballon d'Or awards. I was thrilled and deeply honored when I received a nomination for the prestigious Alumni Honour Award for Lifetime Achievement and celebrated it wholeheartedly.

"Last night in the UK, I attended the award ceremony with my wife and daughter, telling them that simply being a co-finalist was an achievement, especially alongside such accomplished individuals - members of the British Empire (MBE), a former MP, and other distinguished figures.

"When my name was announced, my wife and daughter tapped my shoulder and said, "Daddy, it’s you."

It was a glorious moment for my family and friends, who celebrated alongside me.

"The Nigerian community within the university, including lecturers and students, felt a collective pride, and the international audience witnessed the dedication that has guided my career. I thank God for this moment and give honor to those who have supported and guided me.

"I am grateful to the University of Wolverhampton for staying connected with my journey and for nurturing my growth—my wife attests that I went to a good school!

“This institution truly equips young people with life skills and inspiration. I look forward to strengthening my bond with the university and continuing to give back.

Hampering Medical Imports

“Weak Naira and Structural Challenges to Constrain Nigeria's Medical Devices Market Growth”, it projected that continued weakness of the naira will increase medical device import costs and erode consumer purchasing power.

Several challenges, it said, remain for Nigeria’s medical devices local manufacturing to take off, despite government incentives.

“Continued weakness of the naira will increase medical device import costs and erode consumer purchasing power. Similar to other markets in sub-Saharan Africa, Nigeria heavily relies on medical device imports, with reliance of over 95 per cent.

“We expect that the naira will end 2028 at N1,993/$ from N306/$ in 2018. As the naira weakens, the cost of importing medical devices will continually increase, eroding both the health system and patient purchasing power especially to invest in essential medical technologies given underfunding of the public health sector.

“This would particularly affect high-cost demand for devices such as diagnostics, orthopaedics and dental products. On the export front, a weaker naira will enhance the competitiveness of locally

manufactured medical devices, fostering growth in the sector,” it maintained.

However, it noted that this is in spite of the efforts of the President Bola Tinubu administration which for instance, in June 2024, signed an executive order to reduce medical service costs amid high inflation.

The order sought to eliminate tariffs, excise duties as well as Value Added Tax (VAT) on specific machinery, equipment, and raw materials, aiming to cut local production costs and enhance competitiveness.

Despite these attempts, the report stated that Nigeria’s medical devices market will continue to face operational and demand headwinds over the near term.

Expected to grow to a market value of N171.1 billion or $344.7 million by 2028, the Fitch company stated that it believes that improving health spending through a focus on universal health coverage coupled with a large population size and double burden of chronic and communicable diseases will sustain high demand for all medical devices, particularly diagnostics, consumables and hospital equipment over the near to medium term.

“In terms of macroeconomics, our Country Risk expect Nigeria’s economic to rebound in 2025, expanding by 3.0 per cent in 2024, up slightly from the 2.9 per cent recorded in 2023.

“Despite these upside risks, the market continues to face high inflation, tighter monetary policy and weak foreign direct investment, which we believe will weigh in on growth in the medical devices sector.

“For example, in January 2024, Türkiye’s Jubilee Syringe Manufacturing (JSM) announced it has paused its operations in Nigeria and is undergoing a restructuring phase, citing unforeseen circumstances which affected its business operations.

“The company began manufacturing activities in the country in 2017, aiming to become the largest syringe manufacturer in Africa over the long term. This operational disruption follows similar actions by several pharmaceutical companies, including Sanofi and GlaxoSmithKline, which have ceased manufacturing activities in Nigeria also citing operational difficulties, including a challenging macroeconomic environment,” the report added.

Several challenges, the report

said, remain for Nigeria’s medical devices local manufacturing to take off despite government incentives.

“Key barriers include the scarcity of skilled labour, limited access to modern technology and inadequate infrastructure.

“Moreover, the country faces a substandard regulatory environment and bureaucratic hurdles which often delay the approval and market entry of new medical devices, discouraging investment and innovation,” it pointed out.

But the Fitch company highlighted that operationalisation of the African Medicines Agency (AMA) has the potential of enhancing the regulatory landscape for medical products in Africa, but this is only in the longterm if the AMA is fully implemented.

Additionally, the lack of a robust supply chain infrastructure, including reliable electricity and transportation networks, it stressed, further complicates manufacturing and distribution processes.

“Despite government efforts to incentivise local production, these structural challenges in addition to challenging macroeconomic environment will limit growth prospects for medical device manufactures in Nigeria,” it argued.

CORAN Calls for Protection of Local Refineries Against Unfair Competition

Sunday Ehigiator

The Chairman of the Crude Oil Refineries Owners Association of Nigeria (CORAN), Mr. Momoh Oyarekhua, has urged the government to safeguard local refineries from unfair competition posed by importers and international petroleum traders, in line with Section 317(8-9) of the Petroleum Industry Act (PIA).

In a media address over the weekend, Oyarekhua expressed concerns about the treatment of local refineries, citing issues with pricing, product quality, and accusations of monopoly against Dangote.

He emphasized that local refineries face frustration due to a lack of government incentives, despite the president's promise to supply crude oil.

According to him, “Regarding these issues such as pricing, Dangote perceived monopoly, quality of products and sundry

challenges facing the industry, CORAN thinks that people are not being fair to the local refiners and it is an effort to frustrate local refining in Nigeria”

On the quality of imported petroleum products, he stated that there are no doubts that “there are possibilities of adulterated products being shipped into Nigeria,” and that “there is need for government and the regulators to checkmate and discourage the incidences of importation of petroleum products below specified quality standards and also stop importation with the view to urgently allow quality locally refined products to thrive.

“We see the importation of low-quality products as an effort to frustrate our local refining in Nigeria. The truth is that if products are being imported into Nigeria to compete against products that are produced by refineries in Nigeria, there won’t be healthy competition.

“Some of the things Dangote has

said are quite very true. I mean, products have been blended and we are aware.”

On the issue of pricing, Oyarekhua noted that pricing is subject to the FX situation of the country and the constant instability in the market, which is impacting the stability of product pricing adversely.

His words: “There is the FX element which we are all aware of. Today, FX has been going up and down and it has been very unstable. At the parallel market level it is about N1,700 plus, depending on who you are buying from and crude price has been fluctuating.

“These are the factors that are regulating the price of refined products and we all know what the impacts are.

“If you go and benchmark this using Platt and looking at the petrol index in Platt, anybody today who says that he can import any product into Nigeria for less than

N900 must be questioned, because this is an international market, is not anything that is hidden, the calculations are there.” He noted that local refineries are facing significant frustrations due to low and zero incentives from the government.

“What we are doing today, nobody is giving us incentives, there is no incentive for the refiners, even recently the president said that we should be supplied crude, but none of us has been supplied Crude.

“Nobody is even discussing this with the modular refineries’ owners. These issues are very discouraging and frustrating. We have been in this industry now for seven years and it is all frustration and more frustration.

“We need some form of support from the government, and we do hope that this support we hope for will come even as I guess our hope now should hinge more on the regulators” he stated.

L-R: Partner, Kango Express Nigeria, Richard Somiari; Consul General, USA Consulate Lagos, Mr William B Stevens; CEO, Kango Express, LLC USA, Michael Brockert and Digital Marketing Associate, Kango Express, Glory James, during the launch of Kango Express Nigeria at the residence of US Consulate to Nigeria, Ikoyi, Lagos…recently

JIMOH IBRAHIM TAKES GANDUJE ON TOUR...

Vandals Continue Onslaught on TCN Power Lines, Disrupt Bulk Supply to Lokoja-Gwagwalada

Emmanuel Addeh in Abuja

The unrelenting attack by terrorists and vandals on the power assets of the Transmission Company of Nigeria (TCN) continued at the weekend, with suspected criminals attacking the line that supplies bulk power to LokojaGwagwalada.

This is despite the recent collaboration between the TCN, ministry of power as well as the office of the National Security Adviser (NSA) to curb the incessant attacks on Nigeria’s power infrastructure.

A report recently put the amount spent by the authorities in fixing vandalised facilities in recent years at a whopping N29.3 billion to repair 266 electricity towers damaged by vandals nationwide.

The incidents that occurred between January 2022 and October

2024, a period of 34 months, affected power availability and accessibility across the federation. It came as the latest Africa Trade Barometer report revealed that Nigeria loses as much as $26 billion yearly to power failures, amid power grid disturbances and collapses that are almost becoming a daily occurrence in the country.

A statement in Abuja yesterday by the General Manager, Public Affairs of the TCN, Ndidi Mbah, stated that although TCN’s engineers had attempted to fix the vandalised line, it tripped.

“The Transmission Company of Nigeria hereby reports that vandals have again attacked its 330kV Lokoja-Gwagwalada transmission line 1, in the early hours of Saturday 9, November 2024.

“Early on Saturday, TCN

engineers attempted to re-energise the 330kV Lokoja–Gwagwalada transmission line 1, but the line tripped.

“After efforts to reclose the line failed, a patrol team of TCN linesmen was dispatched to physically trace the line for faults. Upon inspection, they discovered that transmission towers T306, T307, and T308 along line 1 had been vandalised, disrupting bulk power transmission along the route,” the statement added.

Further examination, Mbah said, revealed that the vandals had stolen two spans of aluminium conductor from line one.

“The Lokoja–Gwagwalada line is a double-circuit transmission line, and while TCN is still supplying bulk power through line two, efforts are underway to source replacement aluminium conductors for the two spans

stolen from line one,” TCN pointed out.

The rising trend of vandalism targeting transmission lines and towers, according to the transmission company, had become a significant challenge, severely impacting the country’s power infrastructure and hindering the expansion and stability of the national grid.

This recent incident, the TCN said, adds to an alarming pattern of attacks on the transmission network nationwide.

In the Gwagwalada area alone, it stated that recent acts of vandalism include the attack on the Gwagwalada–Kukwaba–Apo transmission line on December 10, 2023, the Gwagwalada–Katampe line on February 26, 2024, and several others on that axis.

“Such acts of vandalism continue to disrupt the stability

Lekoil, Obaigbena, Others, Celebrate Omorodion on ‘Aret Adams Award’ Honour

Leading indigenous oil and gas exploration company, Lekoil Nigeria Limited and Chairman/CEO of THISDAY and Arise Group, Nduka Obaigbena, were among dignitaries who gathered at a private dinner in Lagos yesterday to celebrate the Country Director of Schlumberger (SLB), Dr Nosa Omorodion, on his recent receipt of the prestigious “Aret Adams Award”.

The Aret Adams Award, named after the late Chief Aretanekhai (Aret) Godwin Adams and his commitment to excellence, is the highest honour of the Nigerian Association of Petroleum Explorationists (NAPE).

It is awarded to deserving earth scientists of any nationality for distinguished and outstanding contributions to, or achievements in, the sciences and practice of petroleum exploration and exploitation in Nigeria for 15 years or more.

Omorodion is the latest award winner. His friends, associates, and

other well-wishers were treated to an exclusive dinner event hosted and organised by Lekoil at Civic Towers, located in the heart of Victoria Island, Lagos State.

Speaking on the award, a visibly elated Omorodion said, “If somebody had told me a few years ago that I'll be here discussing this award as a recipient, I would have thought that the person didn't know what he was talking about.

“This award means a lot to me.

Coming from your profession, coming from your colleagues and pairs, it means a lot, and it's the apex recognition, the highest award by Nigerian Association of Petroleum Explorationists (NAPE’s)

“So, having been a past president of the association and a member of the board of trustees, I have held several executive positions, it means a lot to me.

“Adams means a lot to this industry as well. He is somebody we all know very well. I was privileged to know him as a young geologist. My journey as a geologist has been

interesting. It's that of doggedness, determination, resolute, never giving up, and remaining focused on what you believe in.

“I am very passionate about Nigeria, passionate about selfless services, and playing my part towards the actualisation of the Nigerian dream. I believe Nigeria sits on an enormous potential of hydrocarbons that needs to be explored.”

Earlier in his goodwill message, Obaigbena described Omorodion as a fantastic and very good friend with whom he had over the years shared cordiality.

“I know Nosa very well. He is such a good man. Therefore, the step to win the award is a testament to greatness. Congratulations,” Obaigbena said.

Omorodion’s daughter, Erhun, described her father as “someone who inspires me. He is a role model. I respect him so much, and I aspire to someday be like him when I grow older.

“I think what a lot of people don't

see is his sacrifice. From day one, my dad has been a very selfless person. He puts everyone else first but him. This is something that makes him great. This is just the beginning for him. Watch out for more.”

Speaking with THISDAY, Group Executive Director, Corporate Strategy for the Pan Ocean Oil Corporation/Newcross Group of Companies, Bolaji Ogundare, said, “Nosa is a great friend, most importantly, but he is an exchange professional that I have worked with for over 17 years in Nigeria.

“He has been very instrumental both personally in advising me and my organisation, and there is no better way to honour him than being here with him to celebrate him tonight.

“There couldn't be anyone more deserving of this award. The Adams Award is the highest in the NAPE, and to be awarded to somebody so important, it's just the epitome of greatness, and it's something we should all celebrate.”

and growth of Nigeria’s national grid. We once again appeal to members of the public, especially residents of communities hosting transmission lines and towers, to collaborate with TCN and security operatives in combating

this menace. “Vandalism of power installations is a disservice to us all and undermines efforts to strengthen the nation’s transmission system,” the TCN statement said.

Keyamo Inspects Prime Atlantic Safety Services' Facilities

founded with the support of a Danish partner.

The Minister of Aviation and Aerospace Development, Festus Keyamo weekend led a high-level delegation on a facility inspection tour of Prime Atlantic Safety Services (PASS), a leading Nigerian firm specialising in aviation security, maritime and safety training.

Keyamo who was accompanied by the Managing Director, Federal Airports Authority of Nigeria (FAAN), Ms. Olubunmi Kuku and other senior executives, highlighted the government’s dedication to supporting innovation in aviation safety and capacity building.

He said the landmark visit underscores the federal government’s commitment to advancing aviation safety and training.

During the tour at PASS’ stateof-the-art facility in Ipara, Ogun State, Keyamo commended the institution’s role in advancing safety training within Nigeria’s aviation and maritime sectors even as he emphasised the importance of local expertise in safeguarding the nation's airspace and waterways.

“The federal government is committed to fostering partnerships that elevate the standards of safety and training in aviation.

“Our collaboration with pioneering institutions like PASS signifies our focus on not only local but globally competitive aviation standards,” the minister stated.

Similarly, the Managing Director of PASS, Folake Soyannwo, provided insights into the company's background and mission, noting that PASS has been operational since 2007,

She further highlighted that PASS’ courses adhere to rigorous international certifications, with efforts underway to secure certification from the International Civil Aviation Organization (ICAO).

"This will bolster Nigeria’s reputation for excellence in safety training and compliance with global safety protocols," she said.

The Group Managing Director of PASS, Ayo Otuyalo, further elaborated on the institution’s mission, stating that everyone working offshore should undergo training at PASS.

According to him, this focus ensures that PASS-trained personnel meet the highest standards for operational safety, strengthening Nigeria’s competitive edge in aviation and maritime sectors.

The minister alongside Ms. Olubunmi Kuku, toured various PASS training facilities, including advanced simulation centers designed for realistic emergency response and safety scenarios.

The visit provided the minister and FAAN executives an opportunity to witness firsthand the innovative advancements and state-of-the-art technologies that PASS employs to deliver comprehensive safety training programs.

As Nigeria positions itself as a hub for aviation excellence in Africa, this visit marks a significant step in the federal government’s agenda to raise aviation standards, support high-quality local training providers, and promote international best practices within the industry.

Kasim Sumaina in Abuja

Sunday Ehigiator

L-R: Senator Jimoh Ibrahim of Ondo South Senatorial District taking the National Chairman of All Progressives Congress (APC) Abdullahi Ganduje on a tour of the University of Fortune, Igbotako on the sidelines of Ibrahim's Empowerment Programme of his Aseyori supporters in Igbotako... yesterday.

COAL CITY UNIVERSITY SPECIAL CONVOCATION...

2024 Set to Emerge Hottest Year in History, Breaks Temperature Records

First year world exceeds 1.5c, hotter than pre-industrial period

Emmanuel Addeh in Abuja

Scientists at the European Union's Copernicus Climate Change Service (C3S) have said that this year is "virtually certain" to eclipse 2023 as the world's warmest since records began.

The data was released ahead of COP29 climate summit in Azerbaijan, which begins today (Monday), where countries will attempt to agree more funding to tackle climate change.

According to the report, from January to October, the average global temperature had been so high that 2024 was sure to be the world's hottest year - unless the temperature anomaly in the rest

of the year plunged to near-zero.

The scientists said 2024 will also be the first year in which the planet is more than 1.5C hotter than in the 1850-1900 pre-industrial period, when humans began burning fossil fuels on an industrial scale.

Carbon dioxide emissions from burning coal, oil and gas have been fingered as the main cause of global warming.

Countries agreed in the 2015 Paris Agreement to try to prevent global warming surpassing 1.5C (2.7 degrees Fahrenheit), to avoid its worst consequences.

The world has not breached that target - which refers to an average global temperature of 1.5C over decades - but C3S now expects

Helicopter Crash: NIMASA to Share Information With IMO

The Nigerian Maritime Administration and Safety Agency (NIMASA) has said it will share details of her findings from the helicopter crash into the Atlantic Ocean near Bonny Finima with the International Maritime Organization (IMO).

This was just as the Flight Data Recorder FDR and Cockpit Voice Recorder CVR otherwise called the black box was recovered at the weekend through inter-agency collaboration involving NIMASA, the Nigerian Navy, the Nigerian Safety Investigation Bureau NSIB, the NNPC, HydroDive and other local and international search and rescue partners.

The Director General of NIMASA, Dr. Dayo Mobereola while commenting on the incident, commended all organs of government for the swift, and wellcoordinated inter-agency partnership for the search and recovery operations. Mobereola, in a statement Sunday by Head, Public Relations, NIMASA, Osagie Edward, noted that NIMASA will share information on the incident with the International Maritime Organisation.

The statement read: "In line with international maritime safety standards, NIMASA will report the findings about the helicopter crash into the Atlantic Ocean to the International Maritime Organisation IMO via the Global Integrated Shipping Information System GISIS.

"By sharing the findings of the offshore Port Harcourt helicopter crash with the IMO, we at NIMASA demonstrate Nigeria’s commitment to transparency, accountability, and cooperation within the global maritime community”.

"The Global Integrated Shipping Information System (GISIS) is an online platform developed by the IMO to support the timely and accurate reporting of incidents, accidents, and other essential maritime data. This platform enables member states to share information crucial to improving safety protocols, updating best practices, and fostering international cooperation."

According to Mobereola, “NIMASA is committed to working closely with all relevant Agencies to determine the cause of the incident and to take all necessary steps to prevent future occurrences.

"As we mourn those lost, NIMASA reaffirms its dedication to the safety of Nigeria’s maritime domain and the continued strengthening of inter-agency collaboration.

"On October 24th 2024, the agency had received distress signals at the Regional Maritime Rescue Coordination Center, MRCC and the C4i center of the Deep Blue project and shared same with the Nigerian Navy who immediately deployed NIMASA’s specialized Search and rescue assets to the crash site to locate the downed aircraft and conduct recovery efforts under challenging conditions.

the world to exceed the Paris goal around 2030.

The new data showed that October was yet another abnormally warm month worldwide, the second-hottest on record and the 15th in a 16-month period for which the global-average surface air temperature exceeded 1.5C above pre-industrial levels.

For 2024 not to beat the recordbreaking temperature of 2023, the average temperature anomaly for the rest of the year “would have to drop to almost zero to not be the warmest year,” Copernicus stated.

The 1.5C threshold was established at the 2015 COP21 climate summit, when 196 parties signed the legally binding Paris Agreement. They agreed to keep limiting global warming to below 1.5C or “well below 2C” above pre-industrial levels by the end of the century.

Beyond this limit, experts warn

that critical tipping points will be breached, leading to devastating and potentially irreversible consequences for several vital Earth systems that sustain a hospitable planet.

“After 10 months of 2024 it is now virtually certain that 2024 will be the warmest year on record and the first year of more than 1.5ºC above pre-industrial levels according to the ERA5 dataset,” said Deputy Director of the Copernicus Climate Change Service, Samantha Burgess.

Burgess called on countries gathering in Baku, Azerbaijan, this week for the UN climate summit COP29 to “raise ambition” in light of the “new milestone in global temperature records.”

A UN report published ahead of the major summit indicated that current pledges put the world on track for a temperature increase of 2.6-3.1C over the course of this century. It further warned that cuts of 42 per cent by 2030 and 57 per

cent by 2035 are needed to get on track for 1.5C of warming.

The burning of coal, natural gas, and oil for electricity and heat is the single-largest source of global greenhouse gas emissions. These are the primary drivers of global warming as they trap heat in the atmosphere and raising Earth’s surface temperature.

The International Energy Agency (IEA) has urged countries to halt new gas and oil field projects, arguing that this is the only way to keep the 1.5C-compatible net-zero emissions scenario alive.

Global fossil fuel consumption has more than doubled in the last 50 years, as countries around the world aim to improve their standards of living and economic output.

In 2023, atmospheric concentrations of all three of the most potent greenhouse gases – carbon dioxide, methane, and nitrous oxide – reached record

highs. Because of their extremely long durability in the atmosphere, the world is now “committed to rising temperatures for many, many years to come,” said Ko Barret, Deputy Secretary-General of the World Meteorological Organisation (WMO).

Rising atmospheric and ocean temperatures are directly linked to more frequent and more severe extreme weather events, including hurricanes, floods, heatwaves, and droughts as well as sea level rise and coastal erosion resulting from warming oceans, glacial melting, and loss of ice sheets.

Some of the most recent extreme weather events recorded around the world have been attributed to human-made climate change, from the powerful hurricanes Helene and Milton in the US to the deadly floods in Spain’s Valencia region and even the deadly floods in Nigeria.

ILO Canvasses Immediate Passage of 20-year-old ‘Labour Standards Bill’

Says 4 in 10 Nigerian children aged 5-17 in child labour

Sunday Ehigiator

The International Labour Organisation (ILO) has called on the Nigerian government to expedite the passage of the Labour Standards Bill, which has been in the works for over 20 years.

This is just as it revealed that 4 in 10 Nigerian children, aged 5 to 17, representing 39.2 per cent are trapped in child labour.

The organisation made this call at the ‘Engagement of editors for the Advocacy for the Enactment of the Labour Standard’s Bill’ event, held recently in Lagos State.

Speaking at the event, ILO Country Director for Nigeria, Liberia, Sierra Leone, Ghana, and Liaison Office for ECOWAS, Vanessa Phala, expressed concerns that Nigeria's Labour Act of 1971 has remained largely unchanged, despite minor updates in 2004 and 2014.

According to her, “This dated Act does not fully account for the contemporary realities of the Nigerian workplace, particularly

overlooking the informal sector, where a significant portion of the population is employed.

“Much more is required to adequately secure the Fundamental Principles and Rights at Work for the Employers and workers. Gender equality, workplace safety, and protections for those in the informal economy all demand urgent legislative attention.

“Child labour remains a deep-rooted challenge across many Nigerian communities, affecting millions of children who are compelled to abandon their childhood, education, and potential in favour of labour that often endangers their health and well-being.

“Particularly in rural areas, economic hardship pushes families to rely on their children to contribute to the household’s income, often in hazardous environments that violate their rights and rob them of a promising future.

“Globally, as noted in the 2021 ILO and UNICEF report, child labour has surged, with 160 million children

affected. This worrying trend is most pronounced in Sub-Saharan Africa, with a rising number of children as young as five engaged in labour, particularly in agriculture, which accounts for 70 per cent of child labour cases.

“In Nigeria, 39.2 per cent of children between five and 17 are in child labour, with 22.9 per cent exposed to hazards, according to a recent Nigeria Bureau of Statistics survey.

“This activity is supported by the ILO, through the Action against Child Labour in Agriculture in West Africa (ACLAWA). The ILO, through the ACLAWA, GALAB and ACCEL Africa projects”, she added, “had been working with local communities to reduce their vulnerabilities to child labour.

“Through the ACLAWA project, communities are being empowered to take ownership in the fight against child labour.

“These committees strengthened through training and resources, have become the first line of defence in identifying and addressing child labour at its source.

"However, legislative support remains essential to sustaining these community efforts. Without laws that protect the rights of all children, especially those in high-risk industries like agriculture, these localised victories cannot be scaled.”

Phala further said the Labour Standards Bill addresses this gap, by integrating comprehensive child labour protections and aligning with international standards to ensure that children’s rights are upheld nationwide.

“The comprehensive Labour Standards Bill, drafted and certified okay by the Federal Ministry of Labour and Employment, the Employers’ Association (NECA), and Workers’ Associations (NLC and TUC), needs to progress.

“We have established Community Child Labour Monitoring Committees, enabling local leaders to monitor, report, and mitigate child labour within their communities.

Kasim Sumaina in Abuja

L-R: Executive Director, Coal City University, Enugu, Lady Njideka Ani; Sir(Dr.) Chinedu Ani; Finance Director, Arab Contractor and recipient of Honorary Doctor of Business Administration, Dr.Khalid Mohammed Seif-Aldeen; and Vice Chancellor, Prof. Afam Icha Ituma, at the Special Convocation ceremony by Coal City University where Dr. Seif-Adeen received Honourable Doctor of Business Administration in Enugu…recently.

Lagos 2027: Early Promptings of Idiocy

There have been subtle projections for the Lagos state governorship election in 2027. Unfortunately, these early promptings seem to lack the requisite intellectual rigour for the dynamic politics and leadership demands of the state of acquatic splendour. Shola Oyeyipo writes.

Ageneral build-up to the 2027 national elections can no longer be dismissed as “too early” again, given the current provisions of the nation’s electoral laws. By the letters of these laws, elected officials can hardly savour two years at a stretch to deliver on their promises, before campaign distractions commence.

Sections 76(2), 116(2), 132(2) and 178(2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), state that elections shall hold not earlier than one hundred and fifty (150) days and not later than thirty (30) days before the expiration of the term of office of` the last holder of that office.

By these provisions, the electoral commission, INEC, is empowered by Section 28(1) of the Electoral Act 2022 to issue Notice for the elections not later than 360 days before the date of the elections.

Once this is done, governance takes the back stage and politics becomes the in-thing. Thus, if anyone is starting to project for the next bout of election, it may be considered part of the build-up, albeit an unlawful indulgence at this time.

Yet, the recent balloon trials about the likely turn that the Lagos governorship might take were not only poor attempts at simulating anything, they failed to show a grasp of the issues that might dominate political discourse at this time.

In one of those efforts, the failure to credit the president, Asiwaju Bola Tinubu, with deserving political intelligence by expressly tipping his son, Seyi, as a likely choice for the Lagos governorship, was one idiotic undertaking loaded with absolute baloney.

Excuse qualification for a bit as a different debate on its own, no other more serious political considerations, including religion and geopolitical factors spared a thought for him.

How a president, who would be battling to return to office, would willfully set his empire on fire, is unlikely his disposi -

tion, even though a renowned risk-taking political juggernaut.

It’s no doubt a delicate wager and there’s no debating the fact that no politician worth his salt would travel, not just on such a highway to nowhere, but obstreperously stoke a fire that would consume all that he already has in the bag.

That said, the qualification debate can now step forward. However, anyone looks at this, what has Seyi done that would make his father push him forward for the Lagos governorship?

Take a quick review of the profiles of everyone who had governed Lagos, starting from his father and say to yourself which of them he comes close to, including Akinwunmi Ambode, who was not allowed to seek re-election?

The Yoruba will readily ask anyone with poor reasoning to smell his own words and tell how badly it stinks. Perhaps, those pushing this agenda should read over their garbage and tell

themselves how that is feasible with all the variables waiting to determine the next choice for Lagos.

Curiously, the other leg to the early promptings and their tawdry delivery was the veiled move to put down some names, while making others appear impossible choices.

It is true and arguable that the Senator representing Lagos East, Tokunbo Abiru, is a good material for Lagos. From the halls of many banks to the red chamber, it is hard to dismiss or downplay his eligibility, suitability and capacity.

He fits the bill in all ramifications and has earned a constant mention in the race for the Lagos governorship, even before he went to the senate. These notwithstanding, he, too, would battle other factors, although determined by the “owner” of Lagos, when the time comes. His choice is therefore not a given yet.

Interestingly, one name that is gradually creeping into the mix, and which a majority of the Lagos politicians are coming to terms with as seemingly fitting the bill and picture of Tinubu’s unusual choice for governor is the current Minister of Education, Dr. Tunji Alausa.

At the end of the day, the only person who will determine the next governor of Lagos state is God through the instrumentality of the people. The same God has also placed in President Tinubu, the power and influence to choose right on behalf of the people again in 2027, without downplaying the prevailing factors, both in the state and his own election. But the choice candidate must have the right character, temper, knowledge and capacity to do the job. After all, this is Lagos.

Whatever analysis anyone is doing now that does not yield a deserving space to Alausa is probably clowning for want of what to write. He may appear unnoticed and unpopular for now, many observers from Lagos already see his redeployment from junior minister at the Ministry of Health to Education as instructive.

This development, they now argue, was not only to properly position and prepare him for the Lagos challenge, they are convinced that the ministry would start to get more votes as part of design to empower and put him on a stronger footing ahead of the decision to either draft him into the race or empower him.

For an average politician, his nomination to the cabinet was not a surprise. The duo of Tinubu and Alausa had come a long way since their days in the United States. While the latter was said to have done a lot in service for the former back in the day, Tinubu has not had the opportunity to compensate him. The time to do so is now.

Unfortunately, there’s one more name that is already being mentioned, sadly in talk-down tone and that is the current Deputy Governor of Lagos State, Dr. Obafemi Hamzat – a man of class and distinction.

While no one can emerge Lagos governor without the blessing of the president, except, of course, God personally steps in, Hamzat is one material that both the political class and the ordinary citizens of the state have continued to tip as Lagos’ best bet. Their reasons suit all logics.

First, as the current deputy governor, who would have run the state with Governor Babajide Sanwo-Olu for eight years by 2027, it would make transition easy. The fact that he understands the development agenda of the state as an active player cancels out many “ifs”.

Hamzat

Alausa

Abiru

Kayode Tokede

Following the significant increase in price of Premium Motor Spirit and other products, a total of six oil & Gas companies listed on the Nigerian Exchange Limited (NGX) generated N2.97 trillion revenue in in nine months of 2024.

This represents an increase of 115 per cent increase from N1.39 trillion generated in corresponding period of 2023.

Profit before tax stood at N626.3billion, about 384 per cent increase from N129.43 billion reported in nine months of 2023.

The companies; Conoil Plc, Seplat Energy Plc, Aradel Holdings, Eterna Plc, Totalenergies Marketing Nigeria Plc and MRS Oil Nigeria Plc have witnessed huge turnaround on the

back of federal government reforms aimed at stimulating growth, increase transparency, and attract investment in the oil and gas sector.

Also, the reforms are aimed at enhancing operational efficiencies, increasing local participation, and encouraging a shift toward cleaner energy practices.

Part of the reforms include: Petroleum Industry Act (PIA), deregulation of the downstream sector, gas infrastructure development and promotion, ease of doing business initiatives, among others.

Analysis of the firms’ unaudited results for the 9 months ended September 30, 2024, showed that Seplat Energy declared N366.7 billion profit before tax, about 483.4 per cent increase from N62.85 billion reported in corresponding period

of 2023, while Aradel Holdings, a newly listed oil & gas company posted N191.5 billion profit before tax in nine months of 2024, about 412 per cent increase from N37.37billion reported in nine months of 2023.

In the same vein, Totalenergies announced N41.85 billion profit before tax in nine months of 2024, up by 151.8 per cent from N16.62 billion reported in nine months of 2023 while Conoil Plc declared N15.24 billion profit before tax in nine months of 2024, representing an increase of 38 per cent from N11.05billion in nine months of 2023.

In addition, MRS reported N9.37 billion profit before tax in nine months of 2024, 89 per cent growth from N4.96 billion in nine months of 2023, while Eterna migrated from a loss of N3.4billion in nine

months of 2023 to N1.68billion in nine months of 2024.

Meanwhile, according to National Bureau of Statistics (NBS), the average retail price paid by consumers for PMS for September 2024 was N1030.46, indicating a 64.55 per cent increase compared to the value recorded in September 2023 (N626.21).

NBS also revealed that the average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 59.28 per cent on a year-on-year basis from a lower cost of N890.80 per liter recorded in the corresponding month of last year (i.e., September 2023) to a higher cost of N1418.83 per liter in September 2024.

“The average retail price for refilling a 5kg Cylinder of Liquefied

Petroleum Gas (Cooking Gas) increased by 4.19per cent on a month-on-month basis from N6,430.02 recorded in August 2024 to N6,699.63 in September 2024. On a year-on year basis, this increased by 59.90per cent from N4,189.96 in September 2023,” NBS added.

Also, the reforms reflected on stock prices and corporate earnings of listed oil & gas companies on the NGX amid foreign exchange losses.

According to THISDAY investigation, the stock price of Seplat Energy closed November 8, 2024 at N5700 per share, gaining 147 per cent year-to-date YtD from N2,310.00 per share it opened for trading this year.

The stock price of MRS Oil Nigeria Plc closed trading at

N132 per share November 8, 2024, gaining 25.7 per cent YtD from N105 per share, while Conoil Plc closed November 8, 2024 at N260 per share, an increase of 209.9 per cent YtD growth from N83.90per share the stock opened this year for trading.

In addition, Totalenergies Marketing Nigeria hit N673.9 per share, representing 75 per cent YtD growth from N385 per share it closed for trading in 2023. Currently at 133.07 per cent YtD growth as of November 8, 2024, the NGX Oil & gas index is the best performing index on NGX amid significant growth by these oil & gas companies’ stocks.

The story continues online on www.thisdaylive.com

Nume Ekeghe

Nigeria’s foreign reserves rose to $40.08 billion on November 7, 2024, reaching their highest level in nearly two years, according to data by the Central Bank of Nigeria (CBN).

This milestone marks a significant increase driven by the CBN’s policies to enhance foreign currency inflows through formal channels.

Since September end, when reserves stood at $38.3 billion,

steady growth has been recorded, reflecting a $1.7 billion increase by early November. This upward trend follows a dip below $34 billion earlier in 2024, a time when foreign exchange pressures and global oil market volatility weighed heavily on reserves.

The CBN’s remittance-targeted reforms and efforts to engage International Money Transfer Operators (IMTOs) and Nigeria’s diaspora have been instrumental in this rebound.

The sustained growth trajectory from $33.7 billion in June to $40.08 billion emphasises the effectiveness of the central bank’s policies underscoring the CBN’s commitment to maintaining naira stability and improving foreign exchange inflows.

During a recent symposium in Abuja, CBN Governor Olayemi Cardoso highlighted the impact of these efforts, noting that the reserve level represents the highest in nearly three years. “These

reforms have started yielding positive results, with notable improvements in the FX market and a stabilisation of foreign reserves,” Cardoso stated.

He also reiterated the CBN’s dedication to further engaging Nigeria’s diaspora at the recent IMF and World Bank meetings in Washington, D.C., emphasising the role of diaspora inflows in Nigeria’s remittance recovery.

He said: “Nigeria has such a strong diaspora community

here; in the earlier stages of the reforms, IMTOs were having issues transferring money back to Nigeria, and we felt it was important to engage them, and we did. As a result of that engagement, we identified particular problems, of which a lot of responsibility was shared. Things have since improved because as at the last meetings, which was, I think, April, monthly inflows were about $250 million, but as of September, it had risen to $600 million.”

“With the recent announcement by Nigeria Interbank Settlement Systems (NIBBS) on Bank Verification Number (BVN), and other products that the banking industry is offering, and through engagement with the diaspora, we believe we will be able to move accordingly and again, rising from that engagement, we put our sights on increasing the inflows to $1 billion monthly and I’m confident that we will get there,” he explained.

CAPITAL MARKET STAKEHOLDERS…

L-R:  Registrar and Chief Executive, Chartered Institute of Stockbrokers (CIS), Dr Josiah Akerewusi, Director, Compliance Support Group, Federal Inland Revenue Service (FIRS), Lawal Abubakar; President,  Chartered Institute of Bankers of Nigeria (CIBN), Prof. Deji Olanrewaju;  Special Adviser to the President on Economic Affairs, Dr Tope Fasua; 13th President and Chairman of Council, CIS, Oluropo Dada; Director General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama; Chairman,  House Committee on Capital Market, Solomon Bob; Representative of Chairman,  Senate Committee on Capital Market, Senator Anthony Yaro and 2nd Vice President, CIS, Dr Akeem Oyewale, during the 28th Stockbrokers’ Conference in Ibadan at the weekend

NPA to Link Export Processing Terminals with DEW to Facilitate Hinterland Connectivity

In a bid to facilitate the nation’s seaports and interland connectivity, create pathways for Small and Medium Scale Enterprises (SMEs), the Nigerian Ports Authority (NPA), over the weekend said it planned to link Export Processing Terminals (EPTs), with the Domestic Export Warehouses (DEWs).

Managing Director of NPA, Dr Abubakar Dantsoho stated this while presenting a paper at the 2024 Lagos International Trade Fair, titled, “Connecting Businesses, Creating Value,” in Lagos.

The EPTs, he stressed, are to be linked with DEWs in synergy with the Nigerian Export Promotion Council (NEPC) and relevant partners.

He also stated that the authority is aggressively pursuing full automation of the nation’s processes and procedures through the Ports Community System (PCS), which he said will lay the groundwork for the implementation of the

National Single Window (NSW).

According to Dantsoho, “As some us are aware in our bid to contribute to the strengthening of the domestic economy through the promotion of balance of trade we established the Export Process Terminal (EPTs) to simplify the hitherto burdensome process of exporting Nigerian goods.

“The EPTs were conceptualized in partnership with the NEPC to serve as a one-stop-shop for the stuffing, packaging and certification of export-bound cargo in quick turnaround time by eliminating the duplications and bureaucratic overlaps that previously rendered Nigerian exports uncompetitive in the international marketplace. To facilitate Port-Hinterland connectivity and create pathways for Small and Medium Scale Enterprises (SMEs) to play in the value chain, the EPTs are to be linked with Domestic Export Warehouses (DEWs) in synergy with the NEPC and relevant partners.”

He added, “To align with the ease of doing business orientation

NCS Tincan Island Port Command Generates N1tn Revenue

The Tincan Island Port Command of the Nigeria Customs Service (NCS), has revealed that it has generated over one trillion naira in customs duty. This is as the command also

unveiled 16 significant seizures of illicit substances, unregistered pharmaceutical products and other items.

Speaking to journalists in Lagos, Customs Area Comptroller, Controller Dera Nnadi, said the command has sustained its effort at ensuring it meets its obligations to the Comptroller General of Customs and his management team towards meeting the Service objectives.

He said these objectives form their key performance indicators as outlined in the CGC’s policy thrust of Consolidation, Collaboration and Innovation.

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)

He also said that in line with the policy thrust, the Command tagged the year 2024 as, “The Year of the Stakeholders,” which further aligned with the theme for the International Customs Day.

According to him, “With the cooperation of these category of stakeholders and a few others who have been encouraged to comply through our enlightenment programs, we are glad to announce that the Command as at today the 7th of November 2024 has generated the sum of N1,046,496,593,103.60. The Command wishes to celebrate this milestone of collecting over One Trillion Naira as Customs duty being the first time this has been achieved in its history.

of the Federal Government, we are aggressively pursuing the full automation of our processes and procedures through the Ports Community System which lays the groundwork for the implementation

of the National Single Window. The NSW is the global stratagem for delivering the greatest value with the greatest ease by connecting all stakeholders in the trade value chain for seamless interaction at the push

of a button.”

Dantsoho, however, stated that theme of the 2024 trade fair was in tandem with the authority’s corporate aspirations.

“I have said all of these, to show

that the theme of the year’s fair “Connecting Businesses, Creating Value” is very much in tandem with our corporate aspirations as a business-enabling agency of government,” he said.

Emma Okonji

Worried about the continuous misuse of personal data of telecoms consumers, which has exposed them to increased risk of identity theft, coupled with the frequent hacking of customers’ online banking app, leading to loss of huge sums of money, the Chief Justice of Nigeria (CJN) who doubles as Chairman, Board of Governors, National Judicial Institute, Justice Kudirat Kekere-Ekun, has stressed the need for improved strategies and innovation that will protect consumers’ data, as well as online transactions.

Kekere-Ekun made the call during the opening ceremony of

a three-day national workshop for justices and judges on legal issues in telecommunications, organised recently by the Nigerian Communications Commission (NCC), in collaboration with the National Judicial Institute (NJI), at the Sheraton Hotel, Ikeja, Lagos. In her keynote address, Kekere-Ekun, who was represented by Justice of the Supreme Court, Justice Jummai Hannatu Sankey, said: “There has been increased risk of the personal data of consumers being misused or compromised by unscrupulous persons, thus necessitating the need for improved strategies and innovation for consumer protection in the telecommunications sector.

“Also, worth noting are

deficiencies in the banking sector and which are attributable to reliance on digital services provided by the telecommunications sector. There is for instance the major challenge posed by electronically backed transactions which is common place in the banking sector. Concerns in this regard include the spate of customers whose online banking platforms have been hacked, as well as banks being compromised due to technological glitches not factored into their day to day operations. Consequently, these and several other challenges have resulted in a number of disputes which frequently require adjudication.”

In his welcome address, the Executive Vice Chairman of

Flourish Africa Empowers

Dike Onwuamaeze

Flourish Africa, a non-governmental female empowerment organisation founded by the Philanthropist, Apostle Folorunso Alakija, has trained 515 female entrepreneurs and supported 100 female owned enterprises with N3 million grant each.

The beneficiaries, who were graduates of the Business and Life Skills Training Programme that excelled in business pitch competition, received the grant at

the recent 8th Annual Conference/ Grant Award Ceremony of Flourish Africa, which also increased its grant funding to N1.3 billion.

Speaking, Alakija said: “When women have access to economic resources and equal opportunities, they improve their well-being and that of their families. This empowerment enables them to participate in and influence economic decision-making within society, thereby contributing to eradicating poverty and fostering economic growth.”

The Founder and CEO of No Left-Overs, Mrs. Ayodeji Megbope, highlighted research indicating that closing the gender gap in labour force participation could contribute £28 trillion to global GDP by 2025.

Similarly, the CEO of Sorami Enterprises, Mrs. Olufunto Igun, emphasised the crucial role of mentorship in entrepreneurial success, stressing that “trust, mutual respect, and setting SMART goals are essential. With effective mentorship, women entrepreneurs

NCC, Dr. Aminu Maida, said this year’s theme was fitting, given the urgency of scaling up digital transformation across Nigeria, as well as the importance placed by the government on improving coordination and synergy among key stakeholders to achieve more beneficial outcomes on its policies. Maida said the workshop would serve as a platform for NCC to share insights into the workings of the Critical National Information Infrastructure (CNII) Presidential Order, its significance, and the crucial role of the judiciary in bringing the Order’s provisions to life, ultimately supporting the accelerated digital transformation that will drive the nation forward.

become self-sufficient and can empower others.

The four-month intensive training programme, targeting female-owned Micro, Small and Medium Enterprises (MSMEs), provided participants with expert guidance in business strategy, finance management, legal compliance, marketing, and human resources. This comprehensive curriculum aims to equip entrepreneurs with the skills needed to build sustainable and profitable businesses.

Caverton Marine Limited was one of the most notable companies who participated at the 48th Annual Interferry Conference in Marrakech, Morocco last month. The conference, which drew participants from across the world, held from October 26 to 30, 2024 at the Palais des Congrès in the north African country.

With the theme: “Safety, Security, and Sustainability,” it was attended by maritime professionals and safety experts with the focus on pressing

issues facing the ferry industry, with a spotlight on the African industry.

Caverton Marine was represented by two delegates, one of whom delivered a keynote address titled “Electrifying Nigeria’s Inland Waterways: A Case Study of Lagos State” which provided insights into innovative strategies by the company to enhance sustainability in ferry operations while advocating for cleaner, greener transportation solutions in Nigeria.

The annual conference kicked off

with a welcome address by CEO of Interferry Mike Corrigan, along with industry officials in Morocco, including Minister of Transport, Mohammed Abdeljalil and Minister of Energy Transition, Leila Benali, dwelling on the importance of collaboration between governments and private sector players in advancing maritime safety and sustainability.

A delegate of Caverton Marine, Lt. David Okafor, made a presentation titled, “Electrifying Nigeria’s Inland

Waterway Vessels Using Market Forces,” detailing the company’s novel initiative to develop electric waterbuses.

“This project, known as the OMIBUS, aims to reduce operational costs while enhancing safety and environmental sustainability on Lagos State’s inland waterways. It is a testament to Caverton’s commitment to innovative design and environmental responsibility,” Okafor stated.

Oluchi Chibuzor

Eromosele Abiodun

FX: Keyamo Pushes for Increase in Local Content in Aviation Sector

Chinedu Eze

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that it is the priority of government to deepen local content in the aviation industry, especially in the area of training.

Keyamo said henceforth government would fully exploit opportunities offered by local intuitions in training and other services in other to conserve foreign exchange.

He therefore warned senior government officials who hanker for overseas training, lamenting that huge resources are spent for such training and noted that overseas training could only be allowed if there are no local alternatives.

Keyamo made this known at the weekend during his tour of Prime Atlantic Safety Services, a facility located near Lagos, which

offers technical safety training in aviation, oil and gas operations, maritime and other areas.

He said that if the industry patronizes local companies that can efficiently offer such services that are obtained overseas, it would create jobs, conserve foreign exchange and encourage the development of high-level manpower in Nigeria.

He stated that such initiatives are essential for strengthening Nigeria’s aviation ecosystem, which can help address various resource challenges

He added, “We need to conserve our foreign exchange. I want capacity to be built, but at reasonable costs and within Nigeria, as much as we can find it locally.”

Keyamo said this strategic shift is intended to not only save resources but also create opportunities for more professionals to receive

training locally.

He commended Prime Atlantic Safety Services facilities, which he said are of global standard and expressed appreciation at the high level of training infrastructure available in the institute.

Speaking, Group Managing Director, Prime Atlantic Safety Services, Ayo Otuyalo, shared insights into the training institute, which started providing training services about 14 years ago and said that the company emerged through collaborations with Danish and other international partners.

She spoke about the benefits of local capacity building, emphasizing that the center not only trains Nigerians but also attracts trainees from across Africa and this is why the institute strives to meet global certification by keeping up to global standards.

Group Commend NCAA Boss for Revamping Agency

Chinedu Eze

African Aviation Renaissance Group (AARG) has commended the performance of the acting Director General of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, for the efficiency and improvement he has brought to the regulatory authority since he took over the agency last year.

Spokesman of the group, Comrade Akanbi Adimula, said the sterling performance of Captain Najomo has once again reinforced the timetested solution to the challenge of leadership and position mismatch in the organisation.

Adimula said in early 2024, when the Minister of Aviation effected changes in the leadership of all agencies under his Ministry, the most applauded of the new appointment were those of the female managing Director of the Federal Airports Authority of Nigeria (FAAN) and the appointment of Capt. Najomo, who was then a serving Director in NCAA, noting that plaudits back then were effusive in their commendation of Mr. Festus Keyamo for rising above the usual political sentiments and exigencies, to appoint an industry professional who was not a stranger to the regulatory/administrative dynamics of Nigerian Civil Aviation.

“And many months down the line, Najomo’s appointment though on an acting capacity, has turned out to be the much needed elixir and healing balm which the NCAA and Nigeria Civil Aviation have been waiting for after the not-too impressive industrial showing of the last administration.

“Today, Nigerians and those who should know are boldly pointing to the numerous positive innovations that have brought about great improvements and have renewed the hopes of industry stakeholders and workers alike in the sector,” he said.

Remi Babalola Urges Graduates to Embrace Innovation, Resilience

The Prochancellor of KolaDaisi University, Ibadan and a former Minister of State for Finance, Remi Babalola has charged 156 new graduates of the University to embrace innovation and resilience in the face of life challenges.

Delivering his address at the University’s convocation ceremony, Babalola who also pairs as the Chairman of the University’s Governing Council said: “As you begin a new chapter of your life, I challenge you to alter your perspective consciously and intentionally on life and circumstances. Locate opportunities in every obstacle, build strength in your struggles, turn your setbacks to stepping stones, and build resilience even in rejection.”

Emphasising the importance of global thinking, Babalola encouraged the graduates to “be global in your mindset in order to compete favourably in whatever path you

choose and remain relevant.”

Describing the graduates as ambassadors of knowledge, innovation, and progress, Babalola said their education is a powerful tool for problem-solving with the potential to break down barriers, challenge societal norms, and create opportunities for them to attain their dream.

He lauded their education very significant given the socio-economic challenges Nigeria faces, ranging from low productivity levels, a staggering inflation rate of over 30%, high unemployment and underemployment to continuous weakening of the domestic currency.

Speaking further, Babalola impressed on the mind of the graduates to be prepared to put into practice the resilient and adaptive skills they have received while staying true to the values of integrity, character, can-do spirit,

NCS: NITMA

and excellence as they move to the next chapter of their lives. He pointed out that their graduation is a proof of a greater and brighter future ahead of them and therefore urged them not to give up on their audacious dream.

“Your graduation today is a testament to a greater and brighter future ahead. Never give up on yourself or your audacious dreams. If you have not yet envisioned your future, now is the time to do so and create your own reality. Remember, the bigger your dream, the greater the cost or sacrifice needed to achieve it,” He said.

Describing them as part of the latest generation of leaders, innovators, and change-makers, Babalola encouraged the graduates to embrace each challenge with courage, each opportunity with enthusiasm, and each moment with gratitude.

Awards Will Create Tech Innovation, Boost Economy

The President of Nigeria Computer Society (NCS), Dr. Muhammad Sirajo Aliyu has explained the importance of the annual National Information Technology Merit Awards (NITMA), organised by NCS, insisting that the awards have been designed to spur technology innovation across the county that will enhance Nigeria’s digital economy growth.

Aliyu said this in Lagos recently, while announcing this year’s NITMA awards, scheduled to hold at the MUSON Centre in Onikan, Lagos, on November 21. According to him, the awardees for different award categories were carefully selected based on standard

industry criteria, which must be met before voting is made open to the public to decide the winners.

Some of the criteria for selecting nominees for the awards, include the quality of tech solutions that have been developed to address specific challenges in Nigeria and the award will spur them to develop more solutions that will drive digital transformation in Nigeria, Aliyu said. Chairman, Publicity and Events Committee of NCS, Mrs. Shulammite Ilebiyi, said the committee followed the set standards for selection and screening of nominees before the actual voting that closed this week. According to her, the committee expanded the award categories this year, to accommodate more

Nigerians that are contributing to digital development of Nigeria.

Deputy President of NCS, Dr. Charles Onyeukwu, said several Nigerians and organisations have developed solutions that are addressing critical challenges in the Nigerian economy, explaining that such individuals and organisations are recognised at NITMA’s awards to spur them to do more for the country.

Aliyu listed some of the awards categories for this year, to include: IT Personality of the Year, Digital Governor of the Year, IT Gold Medal Award, Youth Innovation Award, IT Company of the Year, Tech Mentor of the Year, and Cybersecurity Advocate of the Year.

Emma Okonji

HOMES & DESIGN

Ibom Tower as Game-Changer in Victoria Island’s Skyline

The Akwa Ibom government is sparing no expense in the construction of Ibom Tower in Lagos, Bennett Oghifo writes

The Ibom Tower is designed to be rendered as a game-changer in Victoria Island, Lagos, where there are many exquisite buildings of similar grandeur.

The tower is being developed by Akwa Ibom government, through the Akwa Ibom Investment Corporation, as part of the ‘Arise Agenda’ investment in real estate property in Victoria Island, Lagos.

The 18-storey Ibom Tower will sit on 2,191,22sqm, a land purchased by the state in the 1990s. It is situated in a prime area of Lagos, which over the years remained underutilised and dilapidated, according to the Governor Umo Eno, at the groundbreaking ceremony last week.

The Ibom Tower is designed to have 32 residential units, luxurious four-bedroom duplex penthouse apartment, heightened security features and fences, standby power supply, entrance driveway, landscaped gardens, and a captivating water feature.

The grand reception hall leads to state-of-the-art lifts and staircases, ensuring seamless access, including multi-level parking for up to 102 cars.

All of this will generate substantial employment opportunities, driving economic growth and improving livelihoods which will have a multiplier effect on the economy.

The tower will help increase the internally generated revenue of the Akwa Ibom government as it must diversify, grow more streams of income, and expand its portfolios.

The governor stated that the accrued revenues of the Ibom Tower will be reinvested into major sectors like agriculture.

The governor highlighted that doing so will help alleviate food insecurity in Akwa Ibom and increase the spread of prosperity to the citizens.

“We will continue to build compassionate homes for the poorest and neediest. We will continue to provide food vouchers to the most vulnerable as a temporary measure to mitigate hunger while still encouraging our people to farm. We will continue to execute audacious projects such as the soon-to-be opened ARISE Park, which is primed to be a wonder in tourism, leisure and entertainment,” Eno said.

The present Administration has embarked on Redemption, Remediation and Repositioning (RRR) of the landed property for better economic use. The project will therefore be offering an unparalleled living experience, which represents a significant economic opportunity for investors in both Lagos and Akwa Ibom.

The Akwa Ibom governor commended President Bola Tinubu for his visionary leadership which transformed Lagos to an investment hub in Africa and thanked Governor, Babajide Sanwo-Olu of Lagos, who was at the event, for his cooperation, as well as agencies involved in the project.

He assured the Lagos governor of his full compliance with Lagos’ physical planning rules and regulations.

Agama, Bajomo, Others Bag CIS Fellowship, 210 Inducted Associates

Kayode Tokede

The Director General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama and an Octogenarian, Senator Felix Bajomo were among the 80 Stockbrokers invested as fellows by the Chartered Institute of Stockbrokers (CIS) at its 28th Annual Stockbrokers’ Conference, held in Ibadan, Oyo State Capital at the weekend

The Institute also inducted 210 Associates at the Conference, themed,” Capital Market as Catalyst for the $1.0 trillion Economy.” In his welcome address, the 13th President and Chairman of Council of the Institute, Oluropo Dada explained that the Nigerian Capital Market had potential to enhance the federal government’s plan to make the country a $1.0

trillion economy.

“The theme was deliberately crafted to serve as the Institute’s contribution towards achieving one of the Federal Government of Nigeria’s cardinal objectives, which is growing the GDP of Nigeria to $1trn as quickly as possible. It is our conviction, after carefully studying the paths taken by the developed countries of the world, achieving a trillion-dollar Nigerian economy necessarily requires a comprehensive exploration

“The decision of the Institute to hold the 2024 edition in Oyo State was borne out of the following carefully thought-out reasons:

Oyo State has a unique legacy in the history of Nigeria and remains to date, one of the most important commercial centres in the country. Oyo State is home

to several industries, ranging from agro-allied, tobacco processing, textile, to leatherworks and furniture making, among others,” explained Dada.

Corroborating him, the Director General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama, advocated collaboration amongst all stakeholders and deployment of fintech as a strategy to achieve $1.0 trillion economy in Nigeria .

“The success of the $1.0 trillion economy vision largely depends on the collective efforts of all stakeholders in the financial ecosystem. By fostering collaboration between regulators, market operators, and policymakers, we can create a more resilient and inclusive market. The role of technological innovations in the market cannot be overstated,” Agama said.

Access Bank Partners with REAN to Drive Renewable Energy Initiatives

Nume Ekeghe

Access Bank and the Renewable Energy Association of Nigeria (REAN), have reaffirmed their dedication to advancing renewable energy solutions in Nigeria.

Their collaboration took center stage at the Renewable Energy Conference 2024, where the theme, “Unlocking Affordable Energy for All,” highlighted the urgency of addressing energy challenges in the country.

The partnership underscores both organisations’ commitment to promoting sustainable energy practices and facilitating broader access to renewable energy. At the conference, discussions focused on how to unlock affordable energy solutions that can drive economic growth while contributing to

environmental sustainability. President of Renewable Energy Association of Nigeria (REAN), Ayo Ademilua, while speaking on the collaboration between REAN and Access Bank, said the association is honoured to have the bank as a partner in the quest to promote renewable agenda.

He said, “We are glad that Access Bank is in this with us. The kind of renewed drive demonstrated by Access bank in the recent few weeks concerning our industry is very encouraging. I had a chat with a team that is here about a few minutes ago, letting them understand that we are willing to support and collaborate with them and I believe that with the collaborations with us, guiding and helping in the way, I see that they have the drive and the willingness to

support and to drive clean energy access. So, I believe that they will put actions behind those words.”

Speaking, Executive Director, Risk Management, Access Bank, Gregory Jobome, said the bank sees the REAN Annual General Meeting as a unique one, while the theme of the meeting speaks directly to a core challenge faced in Nigeria and, indeed, across Africa.

He said, “At Access Bank, we recognize that energy is not only the backbone of economic development but a fundamental need that touches every aspect of life. Our commitment to supporting renewable energy initiatives stems from the belief that affordable and sustainable energy is essential for a brighter, more inclusive future for all Nigerians.”

Sterling One Foundation, Others to Strengthen Food Security

Nume Ekeghe

Sterling One Foundation has entered a strategic partnership with Agriculture Summit Africa (ASA) 2024, an influential gathering hosted by Sterling Bank in collaboration with key stakeholders including the Benue State Government, African Union, International Finance Corporation (IFC), and Leadway Assurance to hold a conference that would address food security in Nigeria.

Scheduled to hold in Abuja, the summit will focus on, “Transitioning from Scarcity to Security,” a theme resonating with Sterling One Foundation’s

core mission to enhance food security across Africa.

Commenting on the partnership, CEO, Sterling One Foundation, Olapeju Ibekwe, stated, “ASA is a platform for driving solutions to Africa’s food security challenges. At Sterling One Foundation, food security is a thematic focus area, and the theme, “Transitioning from Scarcity to Security,” aligns with our commitment to empowering smallholder farmers, particularly women and youth, through targeted programs. By equipping them with skills, financial resources, and market access, we aim to build

resilient systems that support sustainable agricultural growth and improve livelihoods across communities.

“Food security is a thematic focus area for Sterling One Foundation. With agriculture as a central pillar of African economies and the majority of its population reliant on farming for livelihoods, enhancing the resilience and productivity of this sector is essential. ASA provides a collaborative platform to explore sustainable solutions that can address the continent’s food challenges amid increasing demand and environmental pressures.”

Psaltry Reaffirms Commitment to Sustainable Agribusiness

Kemi Olaitan

A leading African cassava processing company in Iseyin local government area of Oyo State, Psaltry International Company, has reaffirmed its drive for a sustainable agribusiness environment in which cassava farmers and neighboring communities will benefit immensely.

This is just as it said outgrowers have accessed 600 million cassava stems, and loans, among other inputs from the company.

The Chief Executive Officer (CEO) of the company, Yemisi Iranloye, made the disclosure in Ibadan, in a statement by her Special Adviser on Special Duties, Mr. Abolanle Opeyemi. Iranloye said this in reaction to a media report criticizing the company for delayed payment to farmers, adding that nothing of such happened, as there has been a payment plan according to a memorandum of understanding that has been used for years.

While addressing the accusations of payment defaults and lack of transparency in the

weighing system, she stated that such claims were far from the truth, stating that Psaltry purchased over N1 billion worth of cassava annually from three main segments of suppliers.

The statement read, “Psaltry is reacting to a so called “exclusive” news story from a blog alleging that Oke-Ogun cassava farmers would no longer sell cassava to the company due to, “delayed payments, lack of transparency in weighing system and no traceable benefits for both community and its indigenes.

Blend

Djeno (Congo),

(Equatorial Guinea),

Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria),

L-R: Group Head, Agric Finance and Solid Minerals, Sterling Bank Limited, Dr. Olusola Obikanye; CEO, Sterling One Foundation, Olapeju Ibekwe and Divisional Head, Investment Banking, Sterling Bank Limited, Dele Faseemo at a press conference in Lagos announcing the 7th annual Agriculture Summit Africa… recently

Beta Glass: N15.3bn Investment in Nigeria Enhanced Our Profitability

Sunday Ehigiator

Leading glass container manufacturer in West and Central Africa, Beta Glass, has revealed that its strategic N15.3 billion investment in 2019, has grown its profit from N7.81 billion to N12.39 billion within five years of operation, and also yielded a 28 per cent increase in employment, creating over 217 new jobs

and bringing its workforce to 1,400 within the year in view. The company in a statement revealed that between 2019 and 2023, its revenue also surged by 118 per cent to N67.36 billion while shareholders’ equity rose to N52 billion in 2023.

“Beta Glass has long stood as a beacon of excellence in the glass container manufacturing industry across West and

Central Africa. With an unwavering commitment to innovation, sustainability and economic growth, Beta Glass has established itself as a true industry leader.

“From its strategically located manufacturing facilities in Nigeria’s Delta and Ogun States, Beta Glass consistently delivers high-quality products while achieving sustainable financial

performance.

“At these locations, the Company operates three furnaces, which gives Beta Glass the significant competitive advantage of being able to produce glass in three colours simultaneously: Flint, Amber and Green. Over the past five years, the Company has greatly expanded its production capabilities, significantly contributing to the Nigerian economy

and community.

“In terms of our financial performance, Beta Glass has experienced significant financial growth, reinforced by its strong revenue figures and capital expenditures (Capex) during these five years (2019 to 2023), reflecting the Company’s efforts to expand and modernise its operations,” it said.

“These investments, totalling over N15.3 billion,

have been instrumental in upgrading infrastructure, enhancing production capacity, and maintaining the Company’s competitive edge and leadership in the glass container manufacturing industry. Over the last five years, Beta Glass Plc has demonstrated consistent financial growth and resilience, reflecting its solid position in the glass container manufacturing industry,” it said.

PRICES FOR SECURITIES TRADED ASOF NOVEMBER 7/24

PERSPECTIVE

Flickering Hope For Improving Nigerian Surgical Care Requires Stable Power Supply

Imagine being in the middle of a critical surgery, the patient’s life hanging in the balance, and suddenly, the lights go out.

This is not a scene from a horror movie but a grim reality in many Nigerian hospitals. As a medical student in Nigeria, I witnessed firsthand the dire consequences of unstable power supply. Instead of focusing solely on assisting with complex procedures, I have found myself resorting to using my phone as a light source after the electricity failed. This is more than an inconvenience; it is a matter of life and death.

Nigeria’s power crisis is well documented but its impact on healthcare, particularly surgical care, is overlooked. Over recent weeks, there have been numerous power outages, even in the capital city of Abuja, Nigeria’s repeated power failures have even earned it an unfortunate mention in the Guinness Book of World Records. Beyond the broader societal and economic impacts, these power outages have a devastation and immediate impact on the healthcare system. The high cost and scarcity of petroleum products further exacerbate the situation, limiting the reliability of backup generators.

Electricity is the lifeblood of modern surgical care. It powers essential medical devices and equipment, from surgical lights and lasers to ventilators and anesthesia machines. Without a stable power supply, surgeons are unable to perform complex procedures with the precision, efficiency, and safety required. For instance, ventilators are crucial for supporting or controlling a patient’s breathing during surgery, while anesthesia machines deliver the gases needed to keep the patient unconscious and pain-free. In neurosurgery, precise lighting is essential to navigate the intricate structures of the brain and spinal cord. Specialized surgical lights, such as microscope-integrated illumination systems, provide the magnification and focused

NEWS

lighting needed to minimize the risk of damage to delicate neural tissues.

The absence of stable electricity poses significant risks not only to patients but also to the surgical team and equipment. Power fluctuations can lead to electrical shocks, fires, and explosions, creating a hazardous environment in the operating room.

The lack of reliable power also compromises post-operative care, such as incubator support for newborns and ventilator support for patients recovering from surgery.

interest is to protect the lives and property and to safeguard Abuja to be one of the best cities in the world,” Wike said.

FCT Minister, Nyesom Wike, has vowed that no amount of blackmail and intimidation by the civil society organisations (CSO), would deter the administration from demolishing aslum sheltering an estimated 10,000 squatters along a railway corridor in the Wuye-Kukuaba district of Abuja.

He made the vow when addressing the dwellers during an assessment visit to the settlement after night fall yesterday.

The minister, who visited under heavy guard, said the presence of the squatters was posing a security threat to the Kukuaba and National Stadium Railway Stations as well as the Finance Quarter proposed to be cited on the occupied land.

He said kidnappers and bandits terrorising the FCT were suspected to being provided shelter in the Ruga that straddles the International Airport corridor.

Civil society organisations leaders had last Friday staged a protest in protest over the demolition of the settlement by the Development and Control of FCTA, leading to the displacement of hundreds of squatters.

“No amount of blackmail, intimidation and abuses will deter us, we must do our job, it doesn’t matter who you hire, you call them civil society or whoever they are. Our

He equally vowed that all other shanties that constituted security threats in the FCT would be demolished.

Spokesman of the settlement, Abba Garo, said the recent demolition exercise at the slum was the 22nd times by FCTA officials.

Garo, who claimed to have lived in the disputed slum for 37 years, appealed to the minister to consider their plight and provide them shelter because many of the affected settlers were from different parts of the country.

He said in the past, they were forced to make way for development of major projects on the corridor like the Moshood Abiola National Stadium and the Abuja Light Rail.

After addressing the residents, Wike announced the setting up a sevenman committee of security agencies, the Director of Lands and Director, Development Control to interface with the five-man delegation of Ruga leaders to make recommendations for the attention of government.

He also placed a moratorium on further development of structures in the community pending the recommendations from the committee.

“This is government land and the issue of grabbing land as alleged does not arise. We want them to bring five of their leaders to meet with

the committee on Tuesday.

“But we will not fold our hands and allow this here. Government has decided that we will look into the matter and come out with a final decision,” Wike said.

Meanwhile, the Socio-Economic Rights and Accountability Project (SERAP), has advised President Bola Tinubu to stop the minister of the Federal Capital Territory (FCT), Mr Nyesom Wike and some governors from usurping the authority and responsibilities of the National Judicial Council (NJC) and heads of court through gifting cars and

To address this critical issue, the Ministry of Health, in collaboration with the Ministry of Power, Works, and Housing, must develop sustainable energy solutions for the healthcare system. Natural energy sources, such as solar power, are a viable alternative. Nigeria, with its abundant sunlight, is well-positioned to harness solar energy on a national scale. Some hospitals have already adopted this initiative, including the Lagos University Teaching Hospital, University of Port Harcourt Teaching Hospital,

houses to judges.

Noting that such acts were not based on reality, SERAP said, “Such practices are clearly antithetical to the constitutional principles of separation of powers, checks and balances and the rule of law, and may create the perception that the judiciary is subservient to the executive.

“SERAP also urged him to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, as a defender of public interest, to challenge in court the constitutionality and legality of the practices by members of the executive

Rivers State University Teaching Hospital, Benin Military Hospital, and Nigerian Navy Military Hospital in Calabar. Jericho Specialist Hospital, for example, operates the country’s first solar-powered oxygen plant, producing over 700,000 liters of oxygen daily.

In addition to solar power, other renewable energy sources should be considered. Wind turbines can generate electricity in windy regions while hdroelectric plants can be established in riverine areas. Geothermal energy, which harnesses heat from the earth, is another option, particularly in states like Sokoto. Biomass energy, derived from organic materials, is yet another sustainable alternative.

The benefits of these renewable energy sources extend beyond ensuring a stable power supply for health facilities. They are also environmentally friendly and cost-effective in the long run. By investing in these alternatives, we have the potential to improve surgical outcomes and reduce the overall cost of healthcare.

This is a call to action. The time to act is now.

The Ministry of Health and the Ministry of Power, Works, and Housing must prioritize the development and implementation of sustainable energy solutions for our healthcare system. Healthcare professionals, policymakers, and the public must come together to advocate for these changes. While some may feel unaffected by the current state of our health facilities, there is no guarantee that you or your loved one will not be on the operating table when the lights go out.

Let us not wait for a tragedy to spur us into action. The health and lives of our citizens depend on it. (you don’t mention a tragedy specifically earlier (as in a bad outcome) so I wouldn’t say another.

•Dr. Daniel David Otobo (MB; BS, MAAN, cGH, cSRHR, cTEAM) Global Surgery Fellow, Operation Smile Inc. Virginia Beach, USA. Member, American Academy of Neurology.

of giving cars and houses to judges in Abuja and across the states.”

In an open letter dated November 9, 2024, and signed by SERAP Deputy Director, Kolawole Oluwadare, the organisation said, “Politicians ought to keep their hands off the judiciary and respect and protect its integrity and independence. Politicians must treat judges with dignity and respect.

“The Nigerian Constitution and international standards make clear that the judiciary is neither subservient to the executive nor the legislature.”

The letter, copied to Ms. Margaret Satterthwaite, UN Special

Rapporteur on the Independence of Judges and Lawyers, read in part: “Undermining the fundamental principle of separation of powers risks constraining the ability of the judiciary to act as a check on the executive.

“SERAP urges you to substantially improve funding for the judiciary to enhance their working conditions, welfare and pensions through existing constitutional arrangements and mechanisms, to uphold the independence and autonomy of the judiciary and to protect judges from executive interference.

Ahmad Sorondinki in Kano

The newly appointed Minister of State for Housing and Urban Development, Yusuf Ata, has promised to ensure the success of the All Progressives Congress (APC), in the 2027 general election.

Speaking with party supporters at his residence in Kano, weekend, he expressed gratitude to President Bola Tinubu over his appointment and reaffirmed his commitment to the party.

“My appointment is for the citizens of Kano State and Nigeria, and I assure Mr. President that, God willing, Kano State will return to be an APC stronghold in 2027. I will continue to be present in my ward and constituency to strengthen our political base,” he said.

Ata explained that, his appointment was primarily due to the political significance of Kano Central, a region with a substantial voter base.

“Kano Central has the highest

vote. It has 65% of the registered voters and has no any major appointment. But just now, the president has appointed me, and going by what they said, I have been in the House of Assembly since 1999.

I was a speaker, majority leader, and special advisor to the governor.

So, we have all the confidence to win Kano State,”he said.

The minister emphasised the importance of completing all ongoing projects under his ministry, particularly those related to the

president’s Renewed Hope agenda. He said, “If you look at the policy of renewed hope agenda of the president, they have started 3000 houses, only 250 are given to each state, but Kano is given 500, which is already in progress. I will see to the completion of that 500 insha Allah.

“I will work tirelessly to ensure that these projects are completed even though most of them are at the early stage of construction. But I will visit them.”

Daniel David Otobo

Health Minister, Muhammad Ali Pate

Chuks Okocha and Olawale Ajimotokan in Abuja

An Unfinished Quest: How Death Halted Lieutenant General Taoreed Abiodun Lagbaja’s Vision to Transform the Nigerian Army

That the untimely death of Lieutenant General Taoreed Abiodun Lagbaja, Chief of Army Staff, COAS, left an indelible void is a fact that cannot be disputed, but more dampening is his unfinished quest to transform the Nigerian Army into a well-trained, well-equipped, and highly effective force. Amongst other things, Chiemelie Ezeobi writes that the late COAS was a thoughtful and disciplined leader, who though his unfortunate demise has cast a pall on all, would be remembered for his vision and legacy of welfarism, equipping the army, operational efficiency and tackling insecurity across board, despite daunting challenges

“Regarding my philosophy of command, when the time comes for me to exit the army, I want to reflect upon that philosophy and the pillars I have outlined. I will ask myself if I have successfully achieved those objectives.

“Drawing inspiration from the words of Mr. John Glover, the founder of the Nigerian Army in 1963, who emphasised the importance of nurturing a small seed to grow into a mighty tree, my aim is to provide peace, security, and a stable environment for Nigerians.

“With my philosophy of command as my guiding light, I question myself daily about how I can channel this approach to benefit Nigeria and its people,” these were the words of Late Chief of Army Staff (COAS), Lieutenant General Taoreed Abiodun Lagbaja, during his first exclusive media chat following his appointment as the 23rd Chief of Army Staff on June 19, 2023 and subsequent assumption of office on June 23, 2023.

Although he did not leave the army like he planned to do through retirement, those earlier commitments he made were the ethos he lived by in his short 16 months as COAS.

Mostly famed for how he decimated the bandits, cattle rustlers, and terrorists that operated mostly in Kaduna, Niger, Kebbi, and other North West States as a commander, the then newly appointed army chief was seemingly equipped to occupy the exalted seat of COAS as he could boast of extensive operational training of land, airborne and amphibious warfare.

Also, his grasp of the war against terrorism and insurgency was a huge plus. Thus, it was a no brainer that with his position as COAS, the NA will make greater inroads in tackling insecurity nationwide.

In that first ever media interaction with few selected media executives, including this reporter, he had not only unveiled his vision but also pledged that the NA will address challenges of terrorism and insurgency in tandem with other arms of the services. Most importantly, he had harped on improving welfare and morale of personnel-pledges he kept till death cut that vision at twilight.

A Visionary Leader with a Mission

Lieutenant General Lagbaja was a soldier through and through, inspired by the founding principles of the Nigerian Army. From his earliest days, he dreamed of a force that would be ready to tackle modern warfare’s complex challenges, an army capable of responding quickly to insurgency, banditry, and any external threats.

His vision for the Nigerian Army revolved around making it the best version of itself—a cohesive, well-organised, and united entity capable of defending the nation.

Thus, his tenure, however short lived was defined by a strategic, goal-oriented approach that focused on operational efficiency, modernisation, and synergy. His pursuit to elevate the Nigerian Army aligned with his deeply held philosophy of Always placing Nigeria first.

Accordingly, his dedication went beyond the battlefield, to instilling a sense of patriotism and duty in every soldier under his command.

His Core Derivatives

In the brief time General Lagbaja served as Chief of Army Staff, he laid out and advanced several ambitious plans, each meticulously crafted to address the Army’s immediate needs while preparing for future challenges. Some of these initiatives were already bearing fruit before his unexpected death.

From modernisation and procurement of

equipment to welfare to operational readiness and training to collaboration with sister agencies and even adherence to civil and human rights, his core derivatives was built around transforming the NA for good.

In terms of modernisation and procurement, General Lagbaja understood that an effective army required modern tools and resources. Thus, under his leadership, the NA made substantial acquisitions, including cutting-edge weaponry and improved ammunition supplies. He oversaw the procurement of general-purpose machine guns, heavy machine guns, and millions of rounds of ammunition to bolster the army’s firepower, providing soldiers with the tools to face any combat situation effectively.

Big on welfare of officers and men, the late COAS was a compassionate leader who genuinely cared about his soldiers. He prioritised improvements in healthcare, barracks, and accommodation, understanding that the well-being of troops played a direct role in their effectiveness. He also allocated significant resources to upgrade medical facilities, ensuring soldiers received high-quality treatment both locally and abroad.

In the field, Lagbaja believed in a well-trained army capable of adapting to dynamic threats, thus he was personally involved in training sessions and operations, often leading by example. This enabled him to witness

the day-to-day challenges his soldiers faced, giving him unique insights that guided his command decisions.

Known for his bravery, Lagbaja led from the front. His role in combating terrorism, insurgency, and banditry displayed his fearless nature as he never hesitated to make difficult decisions and took every step necessary to ensure Nigeria’s safety.

One of the pledges he made upon assumption of office was to collaborate with other arms of the Armed Forces and even sister agencies. In recognising the importance of a unified front in tackling Nigeria’s security issues, he had built strong ties with other branches of the Armed Forces, bolstered by the way-back relationships with the Chiefs of Air and Naval Staff, who had been his classmates at the Nigerian Defence Academy, fostered a collaborative environment across Nigeria’s security services.

In addition to military operations, Lagbaja placed a strong emphasis on collaboration with local communities, understanding that their cooperation was essential to long-term peace. He regularly consulted with community leaders, religious heads, and other stakeholders to build trust and ensure civilians felt supported by the army.

A Thoughtful Leader

Late Lagbaja was a thoughtful leader, a virtue that endeared him to many. One of such times he showed his thoughtfulness was on the day of his appointment as COAS. He was at home at close of work catching up with the news when his appointment was announced. Anticipating visits from

Though his quest was halted by death, Lieutenant General Lagbaja’s influence endures, shaping Nigeria’s military for years to come. His story, one of dedication and unfinished dreams, which reminds us of how fleeting life is, still ensures we make impact as much as we can while living

well-wishers, he chose to leave his residence to avoid crowding the neighborhood.

Beyond the Military Toga, Lagbaja was Humane

Though a formidable figure in the field, General Lagbaja was deeply human, a trait that endeared him to most. A core disciplinarian, he was also approachable and he was always quick to give a listening ear.

For his soldiers, he was far an aloof commander as he spent time with his troops in the trenches, breaking bread and sharing their burdens, thus earning their loyalty.

At the same time, Lagbaja was known as one who did not merely delegate orders from afar but immersed himself in his soldiers’ day-to-day experiences.

This personable nature also extended to his relationships with community leaders, civilians and even the media. He was respected not only as a soldier but as a bridge between the military and the public, especially in regions scarred by insecurity.

He was also accountable. Exactly one year after he held the first media chat with executives, he invited them back to fact check the promises and pledges he had earlier made, while making new ones to build on the already existing.

A Legacy Remembered

Undoubtedly, the abrupt loss has created a void, not just for the Armed Forces, but for his family as well. However,

General Lagbaja’s legacy will live the test of time. He will definitely be remembered not just for his achievements in improving operational readiness or modernising the military, but for the human touch he brought to his command.

As a leader, he was a soldier’s soldier, but also an officer who understood both the sacrifices of the battlefield and the human needs that made his soldiers strong. Though untimely was his death, but the path he set forth—a Nigerian Army fortified with modern resources and equipped with operational capacity,-remain an ideal worth continuing.

What He Would Wish His Successor Does

General Lagbaja’s sudden death has left a void that goes beyond the Nigerian Army. The unfinished plans and suspended initiatives caused by his death disrupted the momentum he painstakingly built, thus his successor will face the challenging task of reviving that vision in a way that honours his legacy. If the dead could talk and the living hear, Lt General Lagbaja would surely want the Nigerian Army to be better that what he left it. He would want his successor, Lieutenant General Olufemi Oluyede, to carry on the mantle of ensuring the NA is transformed into a well-trained, well-equipped, and highly effective force.

He would also want his successor to rally troops and rekindle the spark as the greatest way to honour his legacies and memories. Granted the new COAS will be expected to come up with his own Command Philosophy, Lt. General Lagbaja would at the same time hope that the legacies be built upon and also double a stronger commitment towards upholding democracy in Nigeria.

Though his dream for the Nigerian Army was halted by death, Lieutenant General Lagbaja’s influence endures, shaping Nigeria’s military for years to come. His story, one of dedication and unfinished dreams, which reminds us of how fleeting life is, still ensures we make impact as much as we can while living.

Late Lieutenant General Taoreed Lagbaja

L-R: Head, Customer Operations, North, MTN, Chikaodi Ofoegbe; Chief Executive Officer, 9Mobile, Obafemi Banigbe; Chairman, Association of Licensed Telecom Operators of Nigeria,

Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Director, Consumer Affairs Bureau, Dr. Ikechukwu Adinde; and Chief Executive Officer, Airtel Nigeria, Carl Crux, during the 93rd edition of the Telecom Consumer Parliament hosted by the Commission in Abuja on Thursday

Shehu Sani: Tax Reform Bill Not Inimical to North

Huriwa: Bill should be decided on merit, benefit not on regional basis

Chuks Okocha in Abuja

Former senator, Shehu Sani, has said that the new tax reform bill currently before the National Assembly is not inimical to the northern states, while calling on the National Assembly to treat the bill with all seriousness that it deserves.

In the same vein, the Human Rights Writers Association of Nigeria (Huriwa) has appealed to the National Assembly to decide the fate of the tax reform bill on merit, benefits and never on regional basis.

Senator Shehu Sani in a statement he posted on his X space said: "The

Tax reform Bill is not inimical to the North or any part of this country.

''It’s in fact economically beneficial and fair to all parts. People should keep aside sentiments and read the Bill carefully. It is a comprehensive and bold move to harmonise and simplify tax administration and streamline its operations and enforcement.

''The Bill will actually generate and safeguard more revenue to the states. It will also combat the corruption in the so-called tax waivers granted to business cabals.

''There is nowhere in the document where any region will be shortchanged or taxes will be increased or jobs will

be lost. Northern governors should rescind their decision to reject the Bill, take time to read it and make inputs where necessary.

''The National Assembly must treat this important Bill with all seriousness.'', he stressed

Meanwhile, a civil right group, Huriwa has said that despite the division at the National Assembly about the bill, the Northern governors and Senators are called upon to focus their attention on economically liberating, empowering the masses of the people of the north to become producers and consumers of goods and services so there would be no

need crying over sharing formula of revenues from taxation especially from the value-added taxation.

Huriwa appealed to Nigerian Senators and House of Representatives members to engage in merit-based debates around the new tax reform bills of the current administration so as to ascertain the long-term impacts, merits or demerits or otherwise and not to continue to ignite ethnic and regional tensions over economic matter of reforming the tax system that is scientific, evidence-based, empirical and therefore logical.

"Those who oppose the bills

NDLEA Smashes Cross-border Drug Syndicates, Arrests 6 Kingpins, Recovers Cocaine, Opioid

Michael Olugbode in Abuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) have smashed two major cross-border drug trafficking syndicates, arresting six leaders of the cartels in different parts of the country and seizing cocaine and opioids worth billions of naira.

A statement by the spokesman of the anti-narcotics agency, Femi Babafemi said the syndicates, which comprise Nigerians based in Mubi, Adamawa State; Onitsha, Anambra State, and Lagos State as well as Cameroonians came under NDLEA radar after they were suspected of being major suppliers of drugs to terror groups operating in Nigeria and Cameroon.

Babafemi disclosed that the leaders

of the syndicates so far arrested include: Ibrahim Bawuro, Najib Ibrahim, Ibrahim Umar, Udechukwu Anayo, Ezeh Amaechi and Adejumo Ishola.

He said intelligence gathered revealed that some psychoactive substances including tramadol were often sourced by Ibrahim Bawuro and Ibrahim Najib from a notorious drug dealer in Onitsha: Udechukwu Anayo and thereafter packed and concealed in vehicles in the premises of Ezeh Amaechi, an associate of Udechukwu.

He added that the duo of Ibrahim Bawuro and Ibrahim Najib will thereafter transport the drugs from Onitsha to Yola and subsequently to other parts of the North and Cameroon in specially constructed

false compartments of vehicles, which travel from the East to the North at night.

He said on 7th October 2024, Bawuro and Najib were trailed from Onitsha where they had gone to buy another consignment and eventually arrested in Taraba the following day 8th October while a total of 276,500 pills of tramadol were recovered from a Toyota Avensis saloon car marked DKA 57 TT, which they abandoned on the Jalingo-Yola expressway when they noticed NDLEA operatives were on their trail.

Babafemi revealed that follow up operations were subsequently carried out in Delta and Anambra states where Ezeh Amaechi and Udechukwu Anayo were arrested by operatives of the NDLEA Directorate of Intelligence,

which coordinated the whole effort with their counterparts in Taraba, Adamawa, Delta and Anambra states.

He said another leader of a different syndicate, Adejumo Ishola, 37, was arrested by operatives of a special operation unit of the agency last Tuesday at Seme border in Lagos on his way from Ghana with 3.3 kilogrammes of cocaine and 600 grammes of synthetic cannabis.

This followed months of intelligence and surveillance on his cross-border criminal activities.

NDLEA operatives at Apapa Seaport, Lagos, last Wednesday intercepted 31,750,000 pills of 240mg Voltron, a controlled opioid, packaged and concealed in a container imported from India, as diclofenac sodium 100mg tablets.

You're Free to Seek Greener Pastures Overseas, Obi Tells Students

David-Chyddy Eleke in Awka

Former governor of Anambra State and Presidential candidate of Labour Party in the 2023 general election, Mr. Peter Obi, has urged students who want to seek greener pastures outside Nigeria after their graduation to do so.

Obi stated this while making donation of N60 million to two higher institutions in Anambra State. He said if Nigeria is fixed, those who have migrated abroad will return.

The former governor made N50million donation to Peter University in Achina/Onneh and

N10million to School of Nursing Sciences, Adazi-Nnukwu, yesterday.

Addressing students of the College of Nursing Sciences in Adazi-Nnukwu, Obi said: "It is my dedication to keep supporting institutions that nurture skill, professionalism, and character.

"I was here in May this year to support you, and as I had told you, the support was to be done last year, but I couldn't come because of electioneering, so I came in May.

"This is something I do every year, and today I'm here to give you my donation for this year. Those of us in public life should be able to earn public trust, and that is why

I am here to do as I said.

"I have always told the Nursing Council not to restrict you people from travelling abroad after graduation. If it is not going to work for you here, go to where it will work for you.

"We will not advise anyone to stay where it is difficult for them. If you want to seek greener pastures outside, please go. I'm sure that when we build a greater Nigeria, you will come back.

"My PA, Michael-Jude, who was here with me the last time I came here has travelled abroad.

He got married to a nurse, and the UK government granted his

wife and her husband all rights to study, and he is now in UK. As I am now, I am looking for a new PA," Obi said.

Earlier at Peter University, Obi encouraged the students to take their studies seriously, describing education as transformative power, which can form a pillar of national development.

He urged students to pursue academic excellence, emphasising that an investment in education is an investment in the future, adding that "Education is the most impactful tool for societal progress. You must see yourselves as future leaders capable of driving positive change."

should list out their reasons backed up by scientific body of evidence and with statistics and not on ethnic or regional sentiments," the rights body added.

HURIWA recalled that the President had, on September 3, transmitted four tax reform bills to the National Assembly for consideration just as the envisaged government's tax reforms stemmed from the recommendations of the Presidential Committee on Fiscal and Tax Reforms headed by Taiwo Oyedele, for the review of existing tax laws.

The bills are the Nigeria Tax Bill 2024, which is expected to provide the fiscal framework for taxation in the country, and the Tax Administration Bill, which will provide a clear and concise legal framework for all taxes in the country and reduce disputes.

Others are the Nigeria Revenue Service Establishment Bill, which will repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service, and the Joint Revenue Board Establishment Bill, which will create a tax tribunal and a tax ombudsman.

HURIWA recalled that the major burning issue around the debate is the proposed paradigm shift to a derivation-based model for Value Added Tax distribution, which would allocate tax revenue to the states where goods and services are consumed, rather than where companies have their headquarters. HURIWA however recalled that without adducing superior scientific facts and figures, the bills were rejected outrightly by the 19 northern governors and traditional rulers based on unscientific reasons.

Obi Could Win 2027 Presidential Election, Says

National Coordinator Obidient Movement

Chuks Okocha in Abuja

The National Coordinator of the ‘Obidient Movement,’ Yunusa Tanko, expressed optimism about Peter Obi’s potential to become Nigeria’s president in 2027.

Tanko who spoke during a symposium in Onitsha, Anambra State, noted that the Labour Party candidate was denied victory in 2023 due to alleged electoral malpractice but affirmed that the movement would be better prepared for the next election cycle.

Speaking at the one-day event, titled “Repositioning the Obidient Movement for Greater Impact,” organized by the Obidient Movement and Anambra State Support Groups, Tanko outlined the movement’s renewed focus on mobilization, structure, and youth empowerment.

He stressed that a “new Nigeria” is within reach if citizens choose leaders committed to good governance and accountability.

His words: “We are dedicated to promoting good governance and accountability,” Tanko said. “Obi has the potential to emerge as president in 2027 if we organize ourselves properly. We will ensure that our agents are thoroughly trained and prepared before the 2027 general election.”

Tanko emphasized that the

movement aims to build a strong foundation for fair and credible elections.

Reflecting on the 2023 elections, he noted that while critics accused the Labour Party of lacking political structure, Obi still garnered substantial support.

However, Tanko claimed that electoral malpractice prevented a fair outcome.

“This time, history will not repeat itself. We will prepare thoroughly,” he assured the audience.

The symposium also highlighted the Obidient Movement’s plan to advocate electoral reform through legislative efforts and public mobilization.

Tanko explained that they would bring their proposals to the National Assembly and rally public support in favor of fair electoral practices, both in the courts and on the streets.

“Even the North is dissatisfied with the current government,” he said, adding “We are committed to making a tangible impact by empowering Nigerian youths and advocating for justice, equity, and meaningful change.”

The Obidient Movement’s commitment, Tanko noted, is to establish a Nigeria where the power of the people is respected and where the right leadership can bring about genuine transformation for all citizens.

Gbenga Adebayo;

AMBODE COMMISERATES WITH AFRIMA PRESIDENT ...

L-R: Former Lagos State Commissioner for Information/Tourism, Arts & Culture, Mr. Steve Ayorinde; Lead Consultant, PRM Africa Marketing Communications and Executive Producer/ President of the All Africa Music Awards, AFRIMA, Mr Mike Dada; former Lagos State Governor, Mr. Akinwunmi Ambode; and MD/CEO, GlazeCredit, Mr Femi Ambode, during a condolence visit to the AFRIMA boss over the death of his wife, Mrs Modupe Temitope Dada, at his residence in GRA, Ikeja, Lagos State…recently

Acting Army Chief Visits Sokoto on Maiden Operational Tour, Seeks Citizens’ Support

NAF initiates new air interdiction, Farautar Mujiya in North-west to end banditry Ndume says banks not operating in Borno’s nine LGAs FG, senator train, empower 350 IDPs as PoS operators

Aborisade, Linus

The acting Chief of Army Staff, Lt. General Olufemi Oluyede, yesterday, visited 8 Division headquarters, Sokoto, on his maiden operational tour.

Addressing newsmen in Masallaci community, Tangaza Local Government Area, Oluyede called on the people of the community to always give accurate and timely information to the troops to help them in the fight against insecurity.

The Nigerian Air Force (NAF), also yesterday, said the Air Component of Operation Fansan Yamma, had initiated a series of intense independent air interdiction missions to support the renewed drive by the armed forces to end banditry and eliminate all forms of criminality in the North-west.

Former Senate Leader, Ali Ndume, said the activities of Boko Haram terrorists had forced banks operating in about nine local government areas of Borno State to close down their operations.

In a statement, Ndume disclosed that current developments had made the federal government, through the Ministry of Humanitarian Affairs and Poverty Alleviation, with his support, to devise a strategy to ameliorate the suffering of the people.

He said with his support the ministry, in collaboration with Mbeva Investment

Nigeria Limited (MINL), had trained about 350 Internally Displaced Persons (IDPs) and also empowered them with necessary tools to set up Point of Sales (POS) businesses.

The acting Chief of Army Staff was expected to visit the Sultan of Sokoto, Muhammad Sa'ad Abubakar, and other stakeholders in the state.

He visited and hold talks with troops of operation FASAN YANMA, as part of efforts to motivate troops in the discharge of their responsibilities.

He said on arrival in Sokoto, "I am here to see my soldiers, to access their state of readiness and to charge them to continue to do what they have been doing best so as to secure the country in general.”

On the presence of a new terror group, "Lukarawa" the army chief reiterated that there would always be challenges, but the issue was how to respond to the challenges.

He stated, "That is why I am here to see my people and prepare them for the challenges and that is what we will do.

"Let me call on the community people to continue to support us. Nigeria belongs to all of us and if we don't get their support, we can't succeed, which means the country will not be secured.

"We need the support of Nigerians so that we can have economic prosperity in the country."

Oluyede visited troops in Illela

Local Government Area of the state, where he held a meeting with officers of the battalion.

He also met with sister security agencies, where he emphasised the need to work in synergy.

Oluyede charged troops of Forward Operations Base Tangaza and 248 Battalion, Illela, to shun any form of complacency that could jeopardise ongoing operations to overcome the security challenges bedevilling the North-west. He called for renewed collaboration to end security challenges in the country.

A statement by Director, Army Public Relations, Maj-Gen Onyema Nwachukwu, said Oluyede spoke during his maiden operational tour of Sokoto State in the 8 Division Area of Responsibility.

Nwachukwu stated that on arriving Sokoto in the early hours of yesterday, the army chief proceeded to Forward Operations Base, Tangaza, and 248 Battalion in Illela, where he received briefs on the security situation by the General Officer Commanding 8 Division, Brigadier General Ibikunle Ajose.

Oluyede applauded them for their sacrifice and commitment in the ongoing fight against terrorism and insurgency in the North-west zone. He said he was on an operational tour to obtain first-hand information and assessment of the security situation and challenges of the troops.

The army chief assured the troops of his full support and encouragement to decisively deplete the activities of terrorists and insurgents in their respective areas of responsibility and the North-west zone.

NAF Initiates New Air Interdiction, Farautar Mujiya, in N’west to End Banditry

The Nigerian Air Force (NAF) said the Air Component of Operation Fansan Yamma had initiated a series of intense independent air interdiction missions to support the military’s renewed drive to end banditry and criminality in the North-west.

NAF also revealed that the focused campaign of air interdiction, codenamed Operation Farautar Mujiya, was operationalised with a series of high-impact night operations deep within the strongholds of notorious bandits across Zamfara and Kebbi states.

A statement by Director, Public Relations and Information, Nigerian Air Force, Air Commodore Olusola Akinboyewa, revealed that the first wave of strikes was launched following confirmed intelligence about increased terrorist activities in areas identified as strongholds of notorious bandit warlords who had long terrorised local communities.

That was as the Defence

Diri: It’s Rare Privilege to Be Bayelsa Gov

Olusegun Samuel in Yenagoa

Bayelsa State Governor, Senator Douye Diri, has said he was determined to leave lasting legacies in infrastructure development as he considered it a rare privilege to govern the state.

Diri stated this on Saturday during a gala night organised by the state government in honour of members of the Nigeria Guild of Editors (NGE) at the Chief DSP Alamieyeseigha Memorial Banquet Hall in Yenagoa.

The event rounded off the three-day 20th All-Nigerian Editors Conference (ANEC) held in the state capital.

Diri said he treated issues of development of the state seriously as he was aware that constitutionally

he was allowed only two terms in office.

He assured the people that with his deputy, they would keep doing their best in the remaining three years for Bayelsans to feel the impact of their service to the state and to the country.

“For us, it is a rare privilege to serve our people. Opportunity like this does not come often. By the constitution of Nigeria, I am barred from contesting again as governor of Bayelsa State.

“So, the only thing that will speak for me, my deputy and most of us in this administration, is the legacy that we leave in terms of both human and material infrastructure.

“Developing the state is now in our hands and we will keep doing our best in the remaining three years

so that when we leave, the state will continue to feel our impact having travelled this eight-year journey in service to people of Bayelsa State and Nigeria.”

Responding to remarks of the NGE president, Diri approved the request to institute an annual lecture to honour and immortalise a foremost nationalist and pioneer editor of Daily Times, late Mr. Ernest Sesei Ikoli, an indigene of Bayelsa State, beginning from 2025.

He also granted an appeal by the Guild’s president for two interns at the state-owned Niger Delta Television (NDTV), who missed out when the governor directed the employment of 13 of their colleagues, when he visited the station last year.

NGE President, Mr. Eze Anaba,

expressed gratitude to Diri for being a perfect host and for recognising the essential roles editors play in shaping the society.

Anaba also stated that the support of the governor during the conference was an indication of the importance he attached to a free and responsible press.

Highlighting the various project sites visited, he expressed appreciation to the governor particularly for constructing an iconic media complex named after Ernest Ikoli.

In a welcome remark, the Bayelsa State Commissioner for Information, Orientation and Strategy, Mrs. Ebiowou Koku-Obiyai, commended the Guild for promoting excellence in journalism and for successfully organising the 20th ANEC.

Headquarters (DHQ) also disclosed that synchronised airstrikes by the air component of Operation Hadin Kai killed scores of terrorist fighters in their enclaves located at Kwallaram and Arainna Ciki islands in Borno State.

However, no fewer than six highranking officers and soldiers of the Republic of Chad were allegedly killed by Boko Haram terrorists, with several others wounded, during an ambush on troops of the Chadian armed forces at the weekend.

The NAF spokesperson said, "On 8 November 2024, using advanced surveillance and precision targeting, NAF assets executed a surprise aerial assault on multiple camps, including the strategic Sangeko location in Zamfara, near the Kebbi border, and Ado Aleiro’s heavily fortified enclave around Asola Hill in Tsafe Local Government Area.

"The strikes not only obliterated a major arms depot belonging to the infamous bandit leader, Ado Aleiro, but also neutralised many of his fighters. The precision bombardment sent shockwaves through the criminal networks, severely weakening their operational capabilities.

"Intelligence reports and Battle

Damage Assessments confirmed the overwhelming impact of the strikes, which resonated throughout the night."

Ndume: Banks Not Operating in 9 Borno LGAs

Ndume said Boko Haram terrorists had forced banks operating in about nine local government areas of Borno State to close down their operations. He said over one decade of Boko Haram crisis had destroyed power and telecommunication facilities in the area.

Ndume said epileptic telecommunication network and power supply had economically affected the people in the nine local government areas of his constituency.

He said there was virtually no existing bank in any of the nine councils, except Biu town, with little functional banks.

The senator said the cashless policy and the ongoing electronic banking system had also caused many people in Southern Borno difficulty in their daily transactions and businesses.

Edo Govt to Okpebholo: Focus on Your N5bn Inauguration, Leave Obaseki Alone

Adibe Emenyonu in Benin City

The Edo State Government has chided the Governor-elect, Monday Okpebholo, and his aides to focus on organising their N5bn inauguration ceremony and leave the outgoing governor, Mr. Godwin Obaseki, out of their ‘petty politics’.

In a statement, Special Adviser to the governor on Media Projects, Crusoe Osagie, said it was regrettable that the new government was starting on the sorry note of lavishing the state’s resources on the November 12 inauguration instead of thinking of how to hit the ground running.

“It is quite telling that we are back to the era where unconscionable spending sprees, jamborees and parties are the preoccupation of government in Edo State.

“It is unheard of that the governor was not invited to the inauguration ceremony, which reveals the level of pettiness that would prevail in this new dispensation.

“The incoming government has made commitments to the vendors to the tune of N5bn in official capacity with many more expenses expected to be incurred on November 12, the day of the inauguration.

“It would indeed be a very sad day for Edo people who have hitherto witnessed prudent and judicious use of public funds to drive economic development in the state, to have their resources frittered in this manner.”

He added that the incoming government was throwing tantrums about the professional manner that the government had wound down as against the old practice where there would be wanton vandalism of government property and assets.

“We have maintained decorum in the handing over process and the incoming government is having none of it because they also intended to stage a heist of government assets with the intention to point fingers at the outgoing government.

Sunday

Aleke in Abuja and Onuminya Innocent in Sokoto

VISIT OF THE EU-ECHO DELEGATION TO DISCUSS HUMANITARIAN COLLABORATION...

Minimum Wage: NLC Directs Workers in Noncompliant States to Begin Strike December 1

Onyebuchi Ezigbo in Abuja

Following delays in the implementation of the N70,000 new minimum wage by many states, the Nigeria Labour Congress (NLC) has asked the affected branches to commence strike beginning from December 1, 2024.

In a communique issued at the end of its National Executive Council (NEC) meeting yesterday, NLC said that the NEC noted with deep frustration the persistent delay and outright refusal by some state governments to implement the 2024 National Minimum Wage Act.

the decision of some governors to continue to deny workers their rightful wages amid rising economic hardship.

law and the lives of millions of Nigerian workers, who are being exploited by the very leaders who swore to protect them.

workers and citizens on the need to resist this assault on their dignity and rights.

The communique signed by NLC President, Joe Ajaero, the labour movement described as a betrayal

It said that its NEC had resolved to establish a minimum wage implementation and monitoring committee to assess the progress nationwide

"It is a blatant disregard for the

"The NEC therefore resolves to set up a National Minimum Wage Implementation Committee that will among others commence a nationwide assessment, mobilisation and sensitisation campaign, educating

Senate: We Can't Determine Time for 2025 Budget Submission

Investigation reveals fiscal document may not be ready till December

Sunday Aborisade in Abuja

The Senate Committee on Finance has declared that the decision on the actual date for the presentation of the 2025 budget strictly lies with the executive arm of government headed by President Bola Tinubu. However the Chairman, Senate Committee on Finance, Senator Sani Musa, had assured Nigerians that they had nothing to fear over the submission of the fiscal document. He gave the assurance at his panel's interactive session with Tinubu's economic team and major players in the policy of the oil and gas sector at the Senate last Thursday.

Musa in response to a question by journalists on the said decision on the time for the submission of the budget, said it lies with the executive and not the Senate and by extension, not the National Assembly. He said: "The executive should be able to answer that question, because I know they are doing

"The suggestion of phased-out subsidy removal is an outdated approach that has historically led to fiscal challenges for countries like Indonesia, which Atiku references. Nigeria has gradually phased out subsidies since 1978, with numerous adjustments made. Fuel prices were adjusted 22 times between 1978 and 2020. Rather than pushing for unrealistic timelines, Atiku should recognise the necessity of President Tinubu's bold reforms.

"Notably, while Atiku peddles his economic fantasies, he has yet to denounce President Tinubu's removal of the fuel subsidy because he knows that the reform was necessary and correct. We can only urge him to

their work, they are working. As chairman of Senate Committee on Finance along with members of the committee, I have just interacted with the Minister of Finance, the Chief Executive Officer of Nigerian National Petroleum Company ( NNPC) and other top managers of the Nation's economy on performance of the 2024 budget.

"They are definitely working on the 2025 budget and will forward it to us when work on it must have been completed. Decision on that lies with the executive and not us at the National Assembly, “ he said.

He added: "I believe in the assurance given by the Finance Minister that our economy is taking good shape through results from the reforms.

"For example, our debt to Gross Domestic Product (GDP) ratio is decreasing and not Increasing. The positive indices are already showing and within the next 16 to 18 months, Nigerians themselves will see the gains in practical terms."

Meanwhile, indications have

purge himself of the petty, derisive politics of a sore loser.”

The presidency claimed, "To alleviate the effect of the fuel subsidy removal on the very poor and vulnerable, the Tinubu administration has embarked on an active social intervention campaign involving cash transfers and the distribution of palliatives.

“So far, 20 million Nigerians are being targeted for direct cash transfers, an established social protection mechanism described as economically transformative by the World Bank and many development partners. The Tinubu administration has designed well-targeted social inclusion programmes, including student loans, consumer credits, and

emerged that the presentation of the 2025 fiscal document to the joint session of the National Assembly will be carried out by the president in the first week of December this year.

This is because templates to facilitate the presentation had not been laid yet and the National Assembly, currently on emergency recess, would not resume Plenary until November 19.

In sharp contrast to the tradition laid down by 9th National Assembly on the presentation of budget estimates which was usually done in the first week of October, nothing had been done yet by the 10th National Assembly chaired by Godswill Akpabio.

As of the second week of November, the Medium Term Expenditure Framework ( (MTEF) and the Fiscal Strategy Paper (FSP), which is the template upon which the 2025 Budget would be predicted, had not been submitted to the Sani Musa-led panel for scrutiny.

The MTEF/FSP document in the

the Presidential CNG Initiative, all initiated within the first 12 months.

"In his foreign exchange management proposal, Atiku declared that a fixed exchange rate system was out of the question. Yet his managed float proposal, another gradualist approach, is still the same as the old fixed exchange rate system, which stagnated the national economy by subsidising forex up to $1.5 billion monthly to a privileged few.

"Atiku should remember that a managed float is also known as a dirty float because of its inherent flaws. The system combines elements of fixed and floating exchange rates. The CBN will still have to set the exchange rate and make it available to people and

9th Assembly, was always received in the month of September to enable the finance committees in both chambers have robust engagements with relevant revenue generating agencies by committees.

Tinubu presented estimates for the 2024 budget to the joint session of the National Assembly on Wednesday, November 29, 2023.

The development delayed its approval by both the Senate and the House of Representatives till Saturday, December 30, 2023 and the signing into law till January 1 , 2024 by President Tinubu.

As of the second week in November, the executive arm of government had not said anything about when the 2025 - 2027 (MTEF) would be transmitted to the national parliament.

For instance, the MTEF-FSP would contain parameters like the oil price benchmark, projected oil production per day, exchange rate of Naira to US dollar, inflation rate among others, which would be used to prepare the fiscal document.

businesses. Access is not guaranteed to all, as it is now.”

Onanuga stated, "Atiku’s economic proposals fail to present a viable alternative to Tinubu’s decisive reforms. We encourage him to reassess his approach and repair his reputation as a statesman. The rejection of his proposals in the 2023 election indicates that Nigerians will be reluctant to entertain his future political ambitions.”

The presidency said Tinubu was focused on leading Nigeria towards a prosperous future and addressing the country’s “real challenges”.

It advised Atiku to “abandon his politics of distraction and fantasies and focus on constructive discourse".

"Furthermore, the NLC shall initiate a series of industrial actions in all non-compliant states and shall not relent until the minimum wage is fully implemented across Nigeria.

"To this end, all state councils where the National Minimum Wage has not been fully implemented by the last day of November, 2024 have been directed to proceed on strike beginning from the 1st day of December, 2024," the NLC stated.

NLC also expressed concern over the increasing erosion of democratic norms and blatant disregard for the rights of Nigerian people to freely organise, associate, and express dissent.

Besides, it condemned what it described as the disturbing political situation in Rivers State, where a recent court order sought to block the disbursement of federally allocated revenue to the state.

"This punitive move, under the guise of legal recourse, may effectively cripple the state’s capacity to meet its obligations to workers and the wider population.

"Such a development is nothing short of an attack on the rights and welfare of the people of Rivers State and a dangerous precedent that could destabilise governance in any other state," it said.

NLC further deplored the arrest, detention and trial on questionable grounds, saying that trend had become the order of the day.

Hardship: Senate Seeks Measures to Mitigate Effects of Petrol Subsidy Removal

Sunday Aborisade in Abuja

The Senate, through its Committee on Finance, has asked the executive arm of government to put in place, strong measures in place to mitigate the negative impact of the petrol subsidy removal on the average Nigerian.

The Chairman, Senate Committee on Finance, Senator Sani Musa, declared in a statement in Abuja late yesterday that while the Red Chamber supported the removal of fuel subsidy, there was the urgent need to reduce the negative impacts on innocent Nigerians.

The expected mitigating measures that should be put in place according to the Senator, includes strategic investments in social welfare programmes, improvements in security, and support for economic growth at all levels.

The senator made the call in a personally signed statement to clarify his support for subsidy removal and commitment to addressing citizens' concerns .

The statement read: "When I said removing subsidy is the best thing that happened to Nigeria, my assertion was not intended to overlook or diminish the economic challenges faced by Nigerians.

"Rather, it was a statement grounded in the reality that, for

years, subsidy payments had lined the pockets of a few powerful individuals at the expense of the nation.

"Hundreds of billions of naira that should have been channelled into vital infrastructure, education, and healthcare ended up benefiting a few privileged, depriving over 230 million Nigerians of necessary resources and opportunities.

"The removal of the subsidy is a step towards eliminating systemic corruption and redirecting resources to where they are truly needed. However, I agree that it must be accompanied by strong measures to mitigate the impact on everyday Nigerians.”

Musa noted that this includes strategic investments in social welfare programmes, improvements in security, and support for economic growth at all levels, explaining that these have been his focus.

"I am deeply aware of the pressing issues of insecurity affecting even my senatorial district for many years and other parts of the country. I have not and will not remain silent on these matters, and I am committed to amplifying our voices and pushing for comprehensive strategies that address safety, economic empowerment, and equitable development," he added.

L-R: Deputy Head of European Delegation to Nigeria, Mr Zizzimos Vergos; Director General, National Emergency Management Agency (NEMA), Mrs Zubaida Umar; Head of the European Union’s Humanitarian Aid and Civil Protection Office (EUECHO) in Nigeria, Mr. Alexandre Castellano; and Programme Officer, EU-ECHO, Ms Comfort Agwu, during the visit of the EU-ECHO delegation to discuss humanitarian collaboration at the NEMA Headquarters in Abuja ... recently

HER MONEY, HER POWER TASK WINNER…

L-R: Winner of the She Tank and BellaNaija’s ‘Her Money, Her Power’ Task on Big Brother Naija Season 9, Anita Ukah, and Chief of Staff and Head of Strategy at BellaNaija, Mary Edoro, at the prize presentation ceremony where Ukah was presented with a N5 million cheque in Lagos …recently

Your Goons Terrorising Residents, Call them to Order Now, Bode George Tells Sanwo-Olu

Segun James

A chieftain of the Peoples Democratic Party(PDP) in Lagos state, Chief Olabode George has called on Governor Babajide Sanwo-Olu to call officials and security agents operating in the name of the government to stop terrorising residents and traders, saying that their activities is akin to terrorism on residents.

George in an open letter to the governor that he personally signed,

decried the plight of the traders, lamenting that they are not being treated ‘excellently’ by the security agents.

“Apart from lamenting the multiple levies they pay to councils and at the same time subjected to extortion in a most horrendous manner by some thugs and roughnecks, they are also harassed and flogged like criminals.”

He recalled the glorious days of the city as place of trading and

Ogun Monarch Defends Suspension of 10 Chiefs

James Sowole in Abeokuta

The Olu of Orile-Ilawo in Odeda Local Government Area of Ogun State, Oba Alexander MacGregor, has dismissed insinuations that he is at a loggerhead with the Osile of Egba land, Oba Adedapo Tejuoso. Oba Tejuoso said those who alleged that he was fighting the Osile, were mischief makers, whose stock in trade is selling of lands belonging to six communities and were hell-bent on destroying the customs and tradition of the forebears.

Oba MacGregor spoke against the backdrop of the recent indefinite suspension of his 10 chiefs who were sacked for allegedly selling more than 2,600 hectares of land belonging to six villages, as well as disloyalty and insubordination to the king. He reaffirmed that he is the sole custodian of customs, culture and tradition of Ilawo kingdom and would not sit back and allow unscrupulous and mischievous elements to send more than six villages with their culture and tradition into extinction with their alleged criminal tendencies.

KFC Unveils New Menu Options Tailored to Nigerian Tastes

Mary Nnah

KFC Nigeria has unveiled its new Naija Flavours range, designed to cater to the unique preferences of Nigerian consumers. The lineup includes the Suya Zinger, Pepe Zinger, and Suya Chicken, featuring locally-inspired flavors.

The Suya Zinger adds Yaji spice to the classic Zinger Burger, while the Pepe Zinger incorporates pepper spice. The Suya Chicken variant of the Hot & Crispy Chicken features suya

sprinkles, as part of its continued commitment to offering meals that resonate with local taste buds.

The introduction of the new offerings depicts KFC’s dedication to continually connecting with Nigerian consumers by offering products that are not just globally recognized but locally relevant.

This launch demonstrates KFC’s efforts to adapt global brands to local tastes. “Our goal is to offer products that resonate with Nigerian consumers,” a company spokesperson said.

Shafa Energy Launches New Lubricant Brand

Leading energy solutions provider, Shafa Energy, has announced the upcoming launch of two cuttingedge lubricant brands: Shafa Shanu and Shafa Doki.

Commenting, the Chief Executive Officer (CEO) of Shafa Energy, Alhaji Yakubua A Maishanu, said: “Today marks a significant milestone in Shafa Energy’s journey. Our company was founded in 1996 with a vision to provide high-quality energy solutions to Nigeria’s growing economy. Over the years, we have consistently delivered on this promise, and our new lubricant brands are a

testament to our commitment.”

“As Nigerians adjust to new economic realities, we have also endeavoured to explore how our expertise in our industry can help motorists. At the heart of the development of these products therefore was the quest for products that will deliver superior engine protection, improved fuel efficiency, enhanced performance, environmental Compliance and reduced maintenance costs so that motorists and operators of heavy duty machinery will better optimise their spending.

business.

“I was born in Lagos and I grew up here. I know street trading has been part of our culture and tradition for decades, even before Independence on October 1, 1960. Many professionals today

like lawyers, doctors, engineers, accountants and others were financed educationally by what their parents made through street trading.

“In London, New York and other advanced cities, there is

street trading. What authorities in those climes do is to regulate street trading, not to subject traders to despicable treatment.

“In Lagos, some of these traders and hawkers, due to the harsh and hostile economy in the land, stay

on the roadside where they pay government officials daily. This is because some shops inside markets go for as high as N1 million and more. Where are they going to get such amount from in this type of economy?”

God Repositioning Rivers Politics, Economy, Says Fubara

Blessing IbungeinPortHarcourt

Rivers State Governor, Siminalayi Fubara, has said God allowed the political crisis in the state to reposition the state politics, economic growth and development.

This is as the governor also assured the state that the state government would continue to

support the Rivers State House of Assembly to better the lives of the people of the state.

Governor Fubara, who spoke at a church thanksgiving service in honour of the Chairman, Rivers State Traditional Rulers’ Council, Royal Majesty, Eze Chike Wodo, in Port Harcourt yesterday, emphasised that it is because God is involved,

what people thought would have overwhelmed him did not happen.

He said with God in the business of the state, the government is more energised in steering the affairs of state resolutely.

Governor Fubara expressed his commitment to God, depending on Him for wisdom, direction and grace, saying that posterity will reckon his administration as one that stood on the side of God. He said: “I also believe that what you call trouble is not trouble to me. I see it as God’s purpose for a new direction for our state. He has taken us higher right from the first day, which is why, rather than getting weak, we are getting stronger and bolder everyday.

Gwandu Calls for Collaboration among African Countries on 600MHz Spectrum Allocation

Former Executive Vice Chairman/CEO, National Agency for Science and Engineering Infrastructure (NASENI), Dr. Bashir Gwandu, has called on African countries to collaborate and work together to secure the 600 megahertz (MHz) band

spectrum allocations.

The telecoms expert stated this at the just concluded 9th sub-Sahara Spectrum Management Conference 2024, which held in Nairobi, Kenya from 6-7 November, organised by Forum Global, with the theme: ‘From WRC-23 to

WRC-27- Emerging Landscapes & Technologies and the Path Ahead.’

Gwandu, who acted as Executive Vice Chairman of Nigerian Communication Commission (NCC) in 2010, held various chairmanship positions at the both the International

Telecommunication Union(ITU) and Commonwealth including the ITU Radiocommunications Advisory Group (the RAG), The Joint Task Group, and Commonwealth ITU Group (CIG), made the call during his opening remarks on the 600MHz spectrum discussions.

Group Calls on Tinubu, N’Assembly, Govs, Others to Help Restore Rivers Allocation, Solve Crises

Sunday Okobi

A Niger Delta-based group, South-South Renewed Call 4 Resource Control (SSRC4RC), yesterday pleaded with President Bola Tinubu to play the statesman’s role and do what is needed to bring resolution to the crises in Rivers State and restore its federal allocation.

While emphasising the role the federal government can play in bringing peace to River State, the group went down memory lane, saying that the January 15, 1966, military coup and the accompanying tragedies

would not have happened had the federal government taken a neutral and decisive stand on the crisis in the Western Region “instead of trying to manipulate things in favour of Akintola, who allied with the ruling NPC party.”

“At this point, we call on the

president, the National Assembly, the governors, PANDEF, and other like-minded associations in the Niger Delta, and indeed all fair-minded Nigerians, to support this call for the restoration of Rivers State federal allocation and the enactment of the enabling laws for resource control.

AbdulRazaq Tasks Communities on National Unity, Lauds Igbomina People on Projects in Kwara

Hammed Shittu in Ilorin

Kwara State Governor, Alhaji AbdulRahman AbdulRazaq, at the weekend tasked the various communities in the state to allow national unity and less ethnic divisions remain their main priority in order to boost the

socio-economic development of the state.

Speaking in Iludun -Oro town in Irepodun Local Government Area of the state during the 13th Igbomina Day celebration, the governor, however, commended the Igbomina people for their can-do spirit and longstanding culture of self-help that explains their successes in education and enterprise.

According to him, “There is also a need for national unity and less emphasis on ethnic division, which creates division, disunity, and under development.”

He called on citizens, including the people of Igbomina, to always embrace peace and eschew ethnic division to promote national unity and development.

He said the Igbomina Day celebration typifies how to sustain communal bonds and collaborate for higher goals.

Bolanle Austen-Peters Unveils Plan to Make Lagos Global Theatre Hub

Mary Nnah

Lagos is poised for a cultural revolution as renowned theatre producer and director, Bolanle Austen-Peters, recently announced the launch of the Lagos International Theatre Festival.

Austen-Peters, who stated

this at press conference, said this groundbreaking initiative is set to catapult the city to the forefront of the global theatre scene, showcasing its vibrant cultural landscape to the world.

According to her, the four-day extravaganza, slated for November 14-17, 2024, will unite performers from across the globe under the

theme “Culture Unmasked.”

World-class performances will be hosted at four iconic locations: UNILAG, Terra Kulture, Muson Centre, and Glover Hall.

Austen-Peters, who is the Founder of Terra Kulture, drew from her over 22-year industry expertise and commitment to nurturing Nigerian talent to

create this groundbreaking festival. “I didn’t want to do this festival,” she said, “but I recognised that as a front liner with Terra Kulture 22 years later, creating jobs, creating opportunities with an academy that has trained over 24,000 young people today, I had no choice but to do it.”

Coalition Lauds Gov Radda for Recruiting 550 Community Watch Corps Operatives

Francis SardaunainKatsina

The Katsina State chapter of the Coalition of Northern Groups (CNG) has commended the state Governor, Dikko Umaru Radda, for recruiting and training additional 550 personnel into the

Katsina Community Watch Corps (KCWC).

Radda had recently recruited, trained and graduated another batch of 550 personnel into the state-owned security outfit to support conventional security agencies in combating security

challenges in the state.

The coalition in a statement made available to THISDAY last Sunday by its Coordinator, Abdullahi Kabir, said the recruitment of the personnel further underscores Governor Radda’s unwavering commitment in addressing security challenges in the state.

The group said the communitydriven and participatory security initiative would tackle the recent resurgence of banditry in some parts of Katsina State, and enhance the security and stability of the state.

MOVING FORWARD FROM CLIFF’S EDGE

and renovation, massive investment in key federal projects such as railways and Trunk A roads, many innovative social welfare projects and thoughtful investments in economic sectors that will result in economic growth and job creation, instead of long lines of poverty-stricken people waiting to collect “palliatives.” What we hear, is that most of this extra money instead goes to the forex black market and is stashed in powerful people’s private safes. I am playing the devil’s advocate here. If the end of fuel subsidy is not resulting in massive public sector investment in economic and social sectors and has instead led to a historic increase in cost of living, should we roll it back? I am just asking. Are we to “move forward” from this cliff’s edge or follow Bishop Kukah’s advise and retrace our steps?

Like fuel subsidy withdrawal, I was also an early supporter of naira deregulation against foreign currencies. Sometimes last year, the naira shot to nearly 2,000 to the US dollar, but Central Bank did some magic, rolled it back to around 1,200. A planted online story claimed that the dollar was selling for less than 1,000 at a certain Bureau de Change at Abuja’s Zone 4; I rushed there but did not see it. Commissioned or not, some foreign media houses rushed to declare that the naira was among the world’s best performing currencies.

When the naira began to slip back, we heard different stories, that it is because our economy is not productive, that our economy and society are import dependent, that Diasporans are not sending as many dollars as they should send, that it is the fault of international markets where crude oil price has fallen below what we were hoping, that it is the fault of vandals because they are

stealing too much crude and denying the government much needed revenue, and also that top officials and their collaborators are mopping up all the dollars and stashing them away since they themselves have no faith in our national currency. I am not doubting any of those claims. But since we appear to have no control over any of those factors and no hope of reigning any of them in anytime soon, could be kindly consider retracing our steps? I am only playing the devil’s advocate here. If the naira will keep falling in relation to the dollar and cost of living will continue to increase since we are an import dependent nation, then could we kindly consider retracing our steps from the cliff’s edge and de-floating the naira exchange rate once again?

I know CBN will say that if you keep an artificially managed exchange rate, powerful people will get the dollar at official rate and unload it at the black market with spectacular personal profit, but at least that did not lead to a phenomenal increase in cost of living for most citizens. Please, I am just playing the devil’s advocate. Anyone who thinks we should move forward from the edge of this cliff, should kindly proceed.

The tax reform bills that the President sent to the National Assembly and is not willing to recall them even after the National Economic Council asked for more consultation, was that not another case of moving forward from the edge of the cliff? The National Economic Council, headed by the Vice President, includes all the 36 state governors and all the Federal Government’s key economic officials. The latter did not come out publicly and say that they opposed NEC’s decision. It was surprising in the first place that those bills,

apparently drafted by the President’s tax reform committee, were sent to the legislature without the buy-in of NEC, when this matter affects all the states and a consensus is sorely needed. The Presidency should not move forward from this cliff’s edge; it should bring the bills back for more consultation, as NEC asked for. With proper explanation, they may go back to the legislature in the same form or with only minor modifications, but with ample moral quantity derived from national consensus.

Yet another matter on which we should tarry awhile and contemplate our next step is the matter of switching our vehicles to use Compressed Natural Gas [CNG], which is much cheaper than petrol. When government first announced it, we were all happy because everyone would love a big reduction in our current petrol bills. Alas, the cost of converting vehicles to CNG is rather prohibitive for most Nigerians. While we were still searching for a way, this story exploded on the wires that Malaysia, which has been using CNG for two decades, is backing away from it because of safety concerns. Here at home too, one vehicle exploded in Edo State due to CNG, but the authorities said it was because the tank was fitted at the roadside, not at a proper workshop. That was cold comfort. In Nigeria here, how many proper workshops are there, compared to roadside mechanics who fix most of our vehicles?

On one cliff-edge matter, it appears we have already retraced our steps. With the change of guard at the headship of the Federal Ministry of Education, the new minister apparently abandoned the obsession of his predecessor to insist that no one under 18 years of age should be

admitted into a university. If admitting Under 18s into tertiary institutions had inflicted any kind of damage on Nigeria’s polity, economy or society, the former minister did not sufficiently explain. Nor, apparently, did he offer the reasons in his hand-over notes, otherwise the new minister may not have been in a hurry to walk back from that cliff’s edge.

Then there is the matter of the national electricity grid, whose collapses in recent times are becoming as regular as the weekly depreciation of the naira. We privatized all the Gencos and Discos more than ten years ago. Does the problem lie with them, or with Transmission Company of Nigeria [TCN] that was not privatized, or even with the Power Ministry, a former minister of which is on trial for allegedly siphoning away tens of billions of naira? Maybe we should step back from this power sector cliff and hand the whole sector over to California’s Pacific Gas & Electric, Germany’s E.ON or to China Huaneng Group.

Last but not the least, we should consider stepping back from the local governments’ democratization through elections cliff. The local elections held so far are setting a very bad precedent for the country’s democracy as a whole. State Independent Electoral Commissions [SIECs] acting as lapdogs, ruling parties in the states improbably winning everything on offer, with one local government chairman’s chair “dashed” to the Senate President even after the result had earlier been declared and another party’s candidate won it? This is another charade of dancing on a cliff’s edge. Should we move forward from here [right into the deep ravine of democratic despotism], or should we retrace our steps?

RESTORING FAITH IN NIGERIA’S DEMOCRACY: NEW PATHS TO GUARANTEED OUTCOMES (II)

to abandon the lives you built for several decades to travel overseas to start afresh because the uncertainties in our country are in sharp contrast with your personal and professional dreams. This trend began at a point in the last decade and you cannot divorce what happened then, and what is happening presently, from politics and abuse of our democratic privileges.

The question that naturally follows is: what shall we do? Resign to fate? As tempting as that may be after so many years of false starts and disappointments, I am obligated to advise against that because posterity will judge us harshly if we stop fighting for democracy and the country we all love. We have to continue lending our voices to issues around governance and the decisions related thereto. It is our sacred duty as patriots to hold our leaders accountable, ask questions where we have to, and never let our voices be drowned by the dishonest narratives of persons with entrenched interests.

As individuals who have good albeit untested ideas of how things can work or should work, I would encourage us to keep engaging because clearly, Nigeria deserves much better than what is currently being offered.

Why, for example, can we not have Nigerians in the diaspora vote in our general elections? What exactly are we afraid of? If smaller African nations have provisions that allow their diaspora population to vote, how then can anyone justify excluding millions of Nigerians from the electoral process just because they are living overseas? Are we saying that it is OK to remit billions in pounds and dollars annually but the individuals who make these remittances are not allowed to vote in our national elections just because they are not within the geographical boundaries of Nigeria? If Kenya, and about 114 other countries around the world, have been able to get it right on diaspora voting, I see no reason for the continued exclusion of our brothers and sisters studying, working or running legitimate businesses overseas from the voting process.

How will diaspora voting help Nigeria? One, it will likely elevate standards in the conduct of elections because more than ever, the eyes of the world would be on us. Moreso, it will force our politicians to realise that the regular bread and butter issues will no longer impress an important voting bloc. Furthermore, it will cause the diaspora community to follow developments in the political space at home more closely than they ever did so as to make an informed voting choice. The crux of the matter is that we must all get involved.

The modest progress we have recorded in Abia in the last 17 months could not have happened without the direct involvement of accomplished professionals at home and in the diaspora who got around to say enough is enough. We did not just restrict ourselves to

vulnerable. Yet, in reality, the system falls painfully short. According to UNICEF, over 10.5 million Nigerian children are out of school, many of whom are forced to fend for themselves on the streets. These numbers evoke not only sorrow but a sense of urgency. The fact that children are denied basic rights to education, healthcare, and protection is a mark of shame that weighs heavily on the conscience of any empathetic society. It begs the question: How can we allow children—our future, our hope—to be so vulnerable and unprotected? And more pointedly, how could our justice system betray them in their hour of need?

Critics may argue that since Chapter 2 rights are non-justiciable, the government technically has no legal obligation to enforce them. Yet this argument only deepens the wound, highlighting the gap between what the law permits, and what our collective conscience demands. These minors, imprisoned and alone, have endured the kind of fear that can scar a person for life. Studies by the Nigerian Psychological Association show that children exposed to prolonged detention often suffer from severe trauma, depression, and anxiety. For these young individuals, the horrors they endured may leave them struggling with

the fringes but threw our hats in the rings, vowing to fight till the end. For us, and I am talking of millions of Abians, wealthy or not, the educated and unschooled, rescuing Abia from the ruination caused by the old political order was a sacred assignment for which we were prepared to give everything. We were able to mobilise Abia professionals, the Abia diaspora community, artisans, civil servants, religious and community leaders, and several other stakeholder groups to join the struggle because our future as a people depended on it. There was no distinction between those with political experience and those who had never voted for the first time, everyone was required to do what they needed to do. It was a long-drawn battle but no sacrifice was too much to make for the State that we love so dearly. Our opponents were very relentless and threw everything at us — raw forms of violence, lies and distortions, campaign of calumny, and of course, using state resources to prosecute their individual political battles. To their shock, we refused to throw in the towel; even after they stole our mandate in 2015, we remained resolute, tried again in 2019 and in 2023 till it became clear to them that they could not fight the will of Ndi Abia forever. They quietly surrendered but expectedly are still lurking in the background. Unfortunately for them, Ndi Abia, having had a taste of quality governance, will not likely look the way of the group that failed in the execution of the most basic responsibilities of governance such as regular payment of salaries and pensions, management of household and industrial wastes in the urban centres, and maintenance of public roads. I cannot predict human behaviour very accurately but it would be strange if civil servants or pensioners look favourably to the same group that deliberately starved and sent many of their colleagues and family members to their untimely graves.

Millions of people will also be shocked if the residents and business owners along Port Harcourt Road in Aba pay any attention to whatever our opponents will say now or in the future. From Umuahia to Arochukwu, Isuikwuato to Umunneochi, Ugwunagbo to Ukwa, we have left very important footprints that will make it difficult for our opponents to gain political foothold in any of the communities ever again.

Even when we do not agree with everything our opponents say, we are also constantly paying attention to learn from their criticisms and do better for the people. We welcome ideas from everyone irrespective of their political leanings and evaluate them on their merit. The State belongs to all of us and those who have shown capacity to deliver in certain critical areas are brought on board, not minding where they lean on the political spectrum. We have gone to major institutions of the world to recruit talents to help drive our vision

emotional scars for years to come. Their innocence, once lost, can never be fully restored, and the memory of these experiences will likely haunt them into adulthood. The country, too, will be haunted by these scars, knowing that it allowed its children to be subjected to such harm. This case stirs emotions beyond anger and sadness; it raises profound questions about our society’s empathy, accountability, and commitment to its youngest citizens. How can a nation that claims to value its future generation turn a blind eye to their suffering? Nigeria has one of the highest rates of out-of-school children globally—over 20% of children aged 5-11 do not have access to education. These statistics are not mere numbers; they are the faces of real children, each with hopes, dreams, and aspirations that are crushed by systemic failures. When these vulnerable children end up wrongfully detained or abused, it is a failure that reverberates through the entire society, echoing a painful truth about the lack of compassion and justice. The need for accountability and reform among government officials and law enforcement is urgent and undeniable. The recent #EndSARS protests highlighted this very issue, with the world watching in horror as police and government officials were exposed for their brutal treatment of young

because we just want to deliver on the key promises that won us the confidence of the voters. Our position is that the only way to win in the political game is to serve the people by utilising public resources prudently. We are determined to effectively tackle the menace of poverty and unemployment in all parts of the State. Our infrastructure restoration agenda is generally designed to open up the economy of the State to attract investors who will take advantage of our enormous population of skilled and industrious population, large markets and the abundance of very important raw materials to set up their businesses in the State. We are also keen to support individuals dreaming of a career in entrepreneurship. 10,000 persons, mostly women and young people, from all the communities in the State recently benefitted from the first phase of our Cooperative Support Initiative where we gave out a N1 billion interest-free loans to support those seeking to build or expand their businesses. Mechanisms have also been put in place to monitor the application of the funds and also identify those who shall qualify to receive other business incentives from the State Government and its partners. We are steadily improving on the State’s ease-of-doing-business position.

On assumption of office, it was established that several communities in Umunneochi and Isuikwuto LGAs were firmly under the control of different criminal groups, mostly violent gangs. Recall that right at the inauguration podium, we served quit notice to criminal elements in the State to quickly vacate because we were determined to deal decisively with them. We did not just stop at making announcements. We followed up by setting a joint taskforce codenamed “Operation Crush” with personnel drawn from all the security formations in the country. Their mandate was simple: go after the criminals and flush them out of our State. It was not an easy exercise but I can assure you that in the communities where kidnapping, armed robbery and attack on farmers had become routine events prior to our assumption of office, order has been restored and people now go about their legitimate businesses without fear. Why are we committing extensive resources to rebuild infrastructure, clean up our major cities and improve security? Simple: we want to make a statement that things can work.

For things to work, we have to be encouraged by the heroic deeds of our ancestors who boldly challenged colonial occupiers to secure our political freedom, and the sacrifices of those who paid the price for the restoration of democracy including Chief M. K. O. Abiola, his wife Kudirat, and dozens of others who gave their all that democracy may blossom. This present generation can follow in their brave footsteps by rejecting the status quo and coming together to build a country that answers to

Nigerians. The fact that this behaviour continues and that officials are not held accountable for mistreatment and abuse evokes feelings of frustration, helplessness, and even betrayal. When those sworn to protect instead become oppressors, trust in the government’s ability to safeguard its citizens erodes, leaving a society that feels abandoned and vulnerable.

Immediate action is necessary to begin healing from this. First, we must reform Nigeria’s legal system to include specific protections for minors. This means creating laws that prevent children from facing wrongful detention and safeguarding their rights in any legal process. The thought of a child languishing in detention without representation or support is unbearable, and our laws must reflect that. Civil society groups play a critical role here, advocating for children and bringing these issues to light so that change becomes inevitable. Advocacy is not merely about changing laws; it is about instilling a sense of empathy in the public and policymakers, reminding them that each child affected by these failures is an individual deserving of compassion and protection. A legal system built on empathy is not just a dream; it's a necessity. Beyond legal reform, empathy training for government

the aspiration of the citizens, irrespective of their social and economic realities. Thankfully, democracy provides us a robust vehicle to achieve this transformational outcome. We cannot salvage Nigeria through docility or surrender. Like we did in Abia after each disappointment, we must dust ourselves up and return to the arena, asking questions of the leadership and making policy suggestions as often as necessary. We cannot shy away from our responsibilities. We must make the required sacrifices. To be clear, many of us, especially those we often refer to as “ordinary people,” have made and continues to make very important sacrifices. What the reality of today, however, tells us is that we need to do more to make our voices heard, and chip in resources to support the social and political causes we believe in. As I had earlier mentioned, we also need to push for major reforms that will allow every Nigerian a pathway to exercise their franchise in national elections, irrespective of where they live. If every Nigerian is affected by the choices made by our elected leaders and those acting on their behalf, it also follows that all of us must get the opportunity to be part of the leadership selection process because Nigeria, warts and all, belongs to all of us. Lastly, it would be wise to build on the lessons learnt from the previous elections. There is an urgent need for decisive changes in the electoral system. Obviously, there are serious gaps that are often exploited by selfish political actors to perpetuate outcomes that are less than supportive of our national aspirations. The time has come to radically reform every layer of the electoral process, starting from the management and running of political parties, selection of candidates, and the adjudication of disputes through the courts.

Nigeria and Nigerians are the true victims each time standard procedures in the electoral system are violated or undermined. We sincerely cannot make headway unless we make it extremely difficult for unelected or unpopular candidates to get into public offices under any guise.

Today I leave us with one charge: let us work collectively to undo the errors and mistakes of the last 25 years and reposition our country for the opportunities of the next 25. Nigeria shall be great one day. Our present task is to rise to the challenge of building that greatness because as you may know, every great country you see today, including the superpower USA, was built by and through the efforts of citizens like you and me. •Dr Otti, OFR, is the Executive Governor of Abia State. This concludes the excerpts of his paper at the October 2024 “Nigeria in the World” Seminars Organised by the Weatherhead Centre for International Affairs at Harvard University, Boston, USA.

officials and law enforcement agents could change how cases involving minors are handled. Studies from Kenya have shown that training police officers in sensitivity and child protection leads to fewer cases of abuse and mistreatment. These are promising signs that change is possible and that we can build a society where officials treat vulnerable individuals with the care they deserve. Such a change, which is within our reach, would not only protect children but also help restore faith in a system that often feels indifferent to the needs of its people. Societally, we need a shift toward collective responsibility in protecting our vulnerable populations. UNICEF’s work in Nigeria has shown that community programs supporting at-risk children can significantly reduce their exposure to dangerous environments. Community initiatives offer hope, protection, and a sense of belonging, showing these children, they are not alone. Expanding such programs nationwide could serve as a lifeline for many young people, sparing them the pain and isolation of facing life’s hardships alone.

NOTE: Read the full article in the online edition on www.thisdaylive.com

Dominant Edo Queens Crush Ethiopia’s

CBE FC to Take Command of Group B

Defending championsSundowns Ladies stunned by Egypt’s FC Masar

Duro Ikhazuagbe

Nigeria’s representative in the CAF Women’s Champions League, Edo Queens FC of Benin City kickoff their campaign with a resounding 3-0 victory over Central Bank of Ethiopia FC yesterday evening inside the imposing Larbi Zaouli Stadium in Casablanca, Morocco.

The WAFU B champions were fired into the top of Group B on maximum three points scored by Emem Essien, Folashade Ijamilusi and Chukwuamaka Osigwe in their debut outing in the continental tournament.

The Moses Aduku coached youthful ladies wasted no time in getting off their mark, pressing numbers forward and forcing errors of the CBE defence.

Their efforts were duly rewarded as early as the fifth minute when the speedy  Ijamilusi’s brilliant run concluded with a well taken cross that found a well-positioned Essien who showed composure in bringing it down to fire her side

into the lead.

CBE tried getting back into the game, but Queens’ high pressing kept them at bay. Coming back from the recess, the Nigerians extended their lead with Ijamilusi doubling the lead after good combination play between her and Esther Moses in the box.  Ijamilusi  sent the ball  into the roof of the net in the 54th minute.

With the match comfortably in their control, Edo Queens continued enjoying a lion’s share of possession, with CBE hardly troubling their defence.

The match was eventually put beyond reach for the Ethiopians in the 80th minute when 17-year-old substitute, Chukwuamaka Osigwe controlled a ball from Esther Moses to unleash a left-footed strike that left the keeper with no chance.

The commanding win sees Edo Queens on top of Group B but on same three points with FC Masar who shocked reigning champions, Mamelodi Sundowns Ladies 1-0 earlier on in the day.

Edo Queens FC began their CAF Women’s Champions League campaign in a flying start, defeating Central Bank of Ethiopia women’s FC 3-0 yesterday in Morocco

Osimhen Double Lifts Galatasaray to Another Victory

Ekong bags another award for his outstanding AFCON 2023  performance

TURKISH SUPER LIG

Victor Osimhen was once again the shining star for Turkish champions Galatasaray to extend their winning run in the Super Lig after he netted twice in a 3-2 home win over closest rivals Samsunspor on Sunday evening.

Osimhen has now scored six goals in the league and eight in all competitions since his loan transfer from Napoli in the summer.

He dedicated his goals to injured strike partner Mauro Icardi, who will be out of action for many months after he ruptured his ACL.

Galatasaray remain top of the standings with 31 points from 11 matches.

They are six points clear of nearest rivals Samsunspor.

Elsewhere, Osimhen’s national team Captain, William TroostEkong, has bagged another award for his outstanding performance at the 2023 AFCON. CAF named him MVP of the 2023 AFCON in Cote d’Ivoire, where the Eagles went all the way to final.

Ekong scored three goals as a central defender and his overall leadership quality lifted the team beyond most expectations.

On Saturday night in Egypt, Ekong was again honoured by ANAFA for his performance at the tournament when he was awarded with the best performance of the AFCON.

He is one of 10 nominees for the 2024 CAF Player of the Year Award along with compatriot Ademola Lookman.

Golf: 5th CIO’s N35m Purse Draws Record Entry for a Nigerian Championship

The 5th CIO Golf Championship billed for this week at the Python Golf Club in Port Harcourt, Rivers State, has set a new entry record for a professional golf event in the country with 14 African countries and a European entry confirmed.

Speaking on the event billed which teed off yesterday with Kids and Youth Day, Chief Ikenna Okafor said that the goal of the Championship from the outset was to prove that Nigeria’s professional golf potential is gradually being realised.

“This week is a special week for Nigeria golf as we have positioned championship game as an instrument to market Nigeria’s potential both as a golfing and a hospitality haven to the rest of Africa and the world,” Chief Okafor noted.

The Professional Golfers’ of Nigeria has also confirmed 13 African countries’ entries for the event and a European entry who would be joining the Nigerian field to slug it out in the chase for the 30 spots that will share the winning purse.

Some of the players and countries that have signed on to be part of the professional round that starts on Thursday, November 14th include: Nelson Mudanyi (Kenya), Ronald Ruguayo (Uganda), Richard Kouakou (Ivory Coast), Greg Snow (England), Bulabula Michael (Cameroon), Luwis Abaga (Equatorial Guinea)Prince Agyiri (Ghana), Njoroge Kibugu (Kenya), Jean-Romaric (Ivory Coast), OOKO Erick Oburu (Tanzania), Deo Akope (Uganda), Mutahi Kibugu (Kenya), C j Wangai (Kenya) Presly Nji (Cameroon), Kossivi Aguavon (Togo), Brice Moukagni(Gabon), Visitor Mapwanya (Zimbabwe), Aloys NSabimana (Rwanda) Samuel Njoroge(Kenya), Sydney Wemba (Zambia), Dismas Indiza (Kenya), Jastas Madoya (Kenya) and Lamin Touray (Gambia).

Gift Willy, the defending Champion of the event said he has had great exposure in playing a number of Tours across Africa this year courtesy of his win of the 4th CIO Championship, and he is prepared to defend the title.

The ongoing Nigeria Premier Professional League (NPFL) has continued to throw up interesting results following away wins recorded by two struggling teams, Ikorodu City and Bayelsa United against their respective opponents. It was Bayelsa United’s lone goal win against former Champions, Rivers United handled by Finidi George that was the biggest result of the weekend.

The victory for Bayelsa means the Pride of Rivers have lost two matches consecutively after the 0-3 bashing  they received in Lagos last week against Ikorodu City.

As early as the seventh minute,  Bayelsa  snatched the vital win to ensure that Rivers United remained in the second spot on 21 points from 11 matches. Elsewhere, resurgent Ikorodu

City continued their impressive run after a poor start to their campaign in the Nigerian topflight as they snatched a 2-1 win away at Katsina United.

After conceding an early goal via Moses Effiong in the 22nd minute, the Ikorodu Oga Boys bounced back with an equaliser from Emmanuel Solomon on the dot of half-time. With the match heading for a  like draw, the away side scored the winner deep into the match when Solomon stood tall and scored the second goal that gave his side two consecutive wins.

The result lifted the Ikorodu City side away from the relegation zone and now occupy 12th position on 14 points on the NPFL standings. Elsewhere in Aba, former champions, Enyimba and Remo Stars of Ikenne played a goalless draw.

NPFL

Enyimba 0-0 Remo Stars

Shooting 3-0 El Kanemi

Katsina  1-2 Ikorodu City

Heartland 1-0 Sunshine

Nasarawa 0-1 Kwara Utd

Tornadoes 1-0 Akwa Utd

Plateau Utd 0-0 Rangers

Rivers Utd 0-1 Bayelsa

B’Insurance 0-1 K’Pillars

Lobi Stars  3-1 Abia Warriors

PREMIER LEAGUE

Man Utd 3-0 Leicester

N’Forest 1-3 Newcastle

Tottenham 1-2 Ipswich  Chelsea 1-1 Arsenal

The result did not alter their respective positions on the log as Remo Stars are still at the summit on  22 points with  Enyimba in third position on  19 points.

Heartland FC maintained their current form with a lone-goal win at home against Sunshine Stars of Akure.

Christian Molokwu grabbed the winner in the 8th minute  to bring more respite to Coach Emmanuel Amuneke and his crew. Heartland are now out of relegation zone as they occupy the ninth position on the log on 15 points.

It was another away victory for Kwara United who defeated Nasarawa by a lone goal scored by Emmanuel Ogbole in the final minute of the first half.

The Afonja Warriors had to endure with a man down in the final quarter of the match following a second yellow received by Victor Adeoye in the 71st minute.

In Minna, Niger Tornadoes compounded the woes of Akwa United with another defeat by a lone goal scored in the 48th minute by Papa Daniel.

Hosts Nigeria and Iraq each claimed six gold medals, dominating the 2024 Lagos Valuejet Para Table Tennis Open, which concluded on Saturday, at the Molade Okoya-Thomas Hall, Teslim Balogun Stadium in Lagos.

The ITTF Factor 20 tournament, held from November 7 to 9, featured competitors from the United Kingdom, Iraq, Iran, Cameroon, Togo, Benin Republic, Côte d’Ivoire, and Nigeria, participating in both singles and doubles events.

Organised by the Sunday Odebode Foundation in collaboration with the Para Division of the Nigeria Table Tennis Federation (NTTF) and sponsored by ValueJet, this year’s

tournament exceeded expectations. Despite Nigeria’s strong performance throughout the tournament, the final day saw the visiting Iraqi team take center stage.  The highlight was Muntadher Al Sarraji’s thrilling 3-2 victory over Paris 2024 Paralympic Games bronze medalist Isau Ogunkunle in the Men’s Singles Class 3-4 final.

The match, witnessed by African Table Tennis Federation (ATTF) President Wahid Enitan Oshodi, Deputy Alfred Bagueka, and Chairman of ValueJet Airlines, Kunle Soname, ended with Al Sarraji silencing the home crowd with a 13-11 win in the deciding game.

Femi Solaja

Victor Osimhen scored another brace as Galatasaray defeated Samsunspor 3-2 to go five points clear at the top of the Turkish Super Lig table

Osinbajo to the Elite

“A society or nation rises or falls by the sense of responsibility of its elite.That elite could be political, business, religious, and anywhere in the world; it is this class that determines the economic, moral, and even the political direction of their nation.What they hold dear is what society considers important and what they disavow is what is rejected.They are the opinion moulders" –FormerVicePresident,Prof.YemiOsinbajo,decrieshighilliteracy rate,thebaneofdevelopment in the country.

MAHMUDJEGA

Moving Forward From Cliff’s

“Let us move forward.” We hear a bit less of that now but for two or three decades, this was the most popular phrase to come out of the mouths of Nigerian leaders. Whenever there was a disturbing issue of a national, regional or even local nature, the common refrain was, let’s move forward, get over it and let’s make progress. Well, not so fast. It was Bishop of Sokoto Mathew Hassan Kukah who said at a conference at Arewa House, Kaduna in the 1990s that it is not from every location that you seek to move forward. He said for a man who is standing on the edge of a cliff, his best course of action is not to move forward. It is better if he retraces his steps, because moving forward from that location would result in falling off the cliff and deep into the precipice. At the weekend, I was thinking of his counsel with respect to several issues at the forefront of Nigerians’ minds in recent times. The most obvious one is the total deregulation of the downstream petroleum sector, better

known as “removal of subsidy.” At first it made a lot of sense, to me at least, that Nigeria should not spend trillions of naira subsidizing fuel consumption, especially when most of the refined fuel was imported, and doubly so when there was a lot of rip-offs when “importers” shuffled papers around the desks of regulatory agencies and subsidy on the same sheaf of papers could get paid several times.

When the Buhari Administration stopped budgeting trillions for fuel subsidy and instead adopted the system of “under recovery,” it turned out to be worse, because the same agency that sold the country’s crude oil abroad, used the money to import refined petrol at a price it claimed, and then sold it for far less inside the country. Ok, but now that government has deregulated the fuel supply market, what have we got? Ever increasing petrol prices, attributed to the naira’s ever falling value against the US dollar. Plus, queues and threats of strikes. We also have endless bickering between NNPC, Dangote Refinery and independent marketers; there is such a

welter of claims, counter claims and allegations that we do not know who to believe.

But what has been the gain? With fuel subsidy’s end, hundreds of billions more are gushing into the Federation Account every month. The Federal and state government treasuries are smiling to the banks. Local Government treasuries too are supposed to be awash in money courtesy of a Supreme Court ruling that is however yet to see the light of the day. They are required to democratize first and all the states are rushing to hold local government elections but in every state that held them, the ruling party in the state won every chairmanship and every councilors’ seat.

With all these monies gushing into Federal, state and hopefully soon, LGA treasuries, one would have expected to see the whole country awash in infrastructural and social welfare projects. By now we should be seeing a lot of public schools and hospitals undergoing expansion

Continued on page 38

Restoring Faith In Nigeria’s Democracy: New Paths to Guaranteed Outcomes (II)

IAgreed that things have gone from bad to worse in the last few years, we must, however, guard against the dangers of letting the discontent from past encounters and experiences determine our response to the challenges and opportunities of today. If we remain lethargic because of the disappointments and frustrations of the past, the future will become clearly endangered because the patterns of the old will keep recurring. We shall simply be running round in circle, in the false hope that one mighty man will step in mysteriously to decree all our problems away. Sadly, there is no such thing. Evidence from the recent past has amply demonstrated that apathy occasioned by waves of excitement and disillusionment will never get us out of the woods.

One major responsibility the present generation of young leaders must immediately undertake is to tackle the scourge of ignorance amongst their peers. Ignorance has become a major industry in Nigeria. The industry prospers because it profits many, especially crooked politicians and their allies in the traditional and new media platforms who spread falsehoods and half information to hoodwink the gullible. For the new generation of young conscientious leaders, your duty in this regard is in two folds: one, attack the lies frontally and secondly, educate your audience by sharing what you know to be true, with quality references and sources when they are available. Young Nigerians at home and in the diaspora have very decisive roles to play in the very important task of

redeeming Nigeria from the political and sundry forces holding it hostage. This is where I have to pause to appreciate our brothers and sisters in the diaspora for the generous remittances that have become the economic backbone of several families and communities. Our situation could have been a lot worse but for your consistent support to kith and kin. I am also very impressed with the development initiatives many of you are driving in your individual communities including water projects, and the renovation of schools and health facilities. Our debt of gratitude to you is infinite for not forgetting home. You have become important role models to our children on account of your excellence, industry and the support you give to worthy causes in our fatherland. Let me encourage you to talk to

DAKUKU PETERSIDE

BENEATH THE SURFACE

your friends and relatives to take civil and political education very seriously. One great discovery for me in the last two decades of participating and following the nation’s democratic journey is that one does not have to be a professor to know the connection between political choices and economic realities. Electing and supporting poor decisions by leaders for reasons of primordial sentiments account largely for our present socio-economic nightmare. If we desire a different outcome in the future, the implication is that we have to encourage everyone around us to look past religious and ethnic affiliations when next we make political interventions, or head to the ballots. Many of you had

The Minors: A Reflection of Decay in Society

When voices rise in waves of protest, deeper wounds are laid bare—truths woven into our laws and ethics, waiting to be unearthed. In Nigeria, one such moment emerged in the #EndBadGovernance protests, where voices for change faced harsh reprisals. The arrest and prosecution of 76 individuals, among them children, echoed like a somber drumbeat across the nation. The image—young souls accused of plotting to topple a government they scarcely understood—was not merely a misstep in justice, but a profound betrayal of innocence. This incident, crying out for redress, cuts to the heart of justice, empathy, and humanity. It has kindled outrage

and sorrow, a collective heartbreak that reveals the frailty of a system meant to protect its most tender lives. Here, in the shadow of these events, society stands accused—faced with the question of how to shelter its children from harm and injustice. The charges of treason against these minors were shocking in their harshness. Treason, a grave accusation reserved for those who endanger a nation’s stability, was weaponised against children—kids who were strangers to one another, with no understanding of the political weight of their actions. Seeing the children dragged into a courtroom under such grave accusations is heart-breaking. It evokes disbelief, fear, and deep anger, prompting painful questions: How could the state fail them so profoundly? What kind of

society would allow its youth to be subjected to such trauma? This incident exposes how, in some cases, the government prioritizes control over compassion, even if it means breaking the spirit of the innocent. The result is a scar on the nation's conscience, a painful reminder of the injustices that children are sometimes forced to endure.

In addition to the emotional toll on the children involved, this incident has forced society to confront its failures on a moral level. Nigeria's criminal justice system allowed these minors to languish in detention for three long months without verifying their ages or giving them a fair trial. Each day spent in confinement stripped them of a piece of their innocence, safety, and

hope. Imagine the loneliness, confusion, and fear that these children must have felt, torn from their families and subjected to the cold, intimidating machinery of a justice system that saw them not as children but as threats. For these minors, every passing day was a reminder that they were alone, abandoned by the very system meant to protect them. For those watching, it was a harrowing reflection of a society that had lost sight of its humanity.

In Chapter 2, the Nigerian Constitution outlines the state's responsibility to protect the dignity, equality, and welfare of its citizens, particularly the young and

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Bishop Kukah