WEDNESDAY 19TH MARCH 2025

International Women's Month: ArIse

NeWs Honours Women Making Impact

in Lagos Nigeria's history is rich with the contributions of remarkable women

who have shaped the nation across various fields. From politics to busi- ness, activism to the arts, Nigerian women have consistently broken barriers, challenged societal norms, and paved the way for future generations.

ARISE NEWS has decided to hounour some Nigerian women who by dint of hard work have distinguished themselves nationally andDespiteglobally.several inhibitions, their resilience, intellect, and unwavering

commitment to progress continue to inspire change both locally and globally. Throughout history, Nige- rian women have fought for equal rights, revolutionised healthcare and demonstrated leadership. In contemporary times, figures

like Ngozi Okonjo-Iweala, Amina Mohammed, among others, have brought global recognition to Nigeria, proving that women are key drivers of innovation, policy, and cultural transformation.

the stories of Nigerian women who have made—and are still making—a significant difference, highlighting their achievements, struggles, and the impact of their work on society.

In this piece, THISDAY explores Continued on page 39

www.thisdaylive.com

GLOBAL LEADERS & POLICY MAKERS

Tinubu Declares state of emergency in rivers state

Suspends Fubara, deputy, state assembly for six months, appoints ex-CNS Ibas administrator

Explosion rocks 450,000d oil pipeline, political tension escalates Explosion caused by sabotage, N’Delta group declares, activist states explosion not politically motivated Police arrest suspects over incident Fubara urges calm, says he’ll face challenge with unwavering faith in democratic process

NBA: President doesn't have powers to remove elected gov in state of emergency Atiku, Dickson, monarchs condemn action, ask president to fire Wike or call him to order Omokri hails move, says it's right step in right direction

Peter Uzoho in Lagos, and Blessing Ibunge in Port Harcourt

Concerned by a series of unending political crises in Rivers State, President Bola Tinubu, yesterday, wielded the big stick by declaring a state of emergency in the state and subsequently suspended Governor Siminalayi Fubara and his deputy, Ngozi Ordu, for six months. The president, who excused the judiciary, but included the state House of Assembly in the rather extreme punishment, however, appointed a former Chief of

& REASON

Chiemelie Ezeobi in Lagos, Emmanuel Addeh and James Emejo in Abuja Nume Ekeghe and Dike Onwuamaeze

Suspended Rivers State Governor, Siminalayi Fubara

President Bola Ahmed Tinubu declaring a state of emergency in Rivers State after an emergency security meeting... yesterday

Deji Elumoye, Chuks Okocha, Alex Enumah, Sunday Aborisade in Abuja, Hammed Shittu in Ilorin, Segun James,

Naval Staff, Vice Admiral Ibot-Ette Ibas as the sole

Oluremi Tinubu Ngozi Okonjo-Iweala

Justice Kudirat Kekere-Ekun Amina Mohammed Hadiza Bala Usman

CUbAn EnvoyS viSit SEnAtE LEAdErShiP...

NEITI: FAAC Allocations to Federal, States, LGs Soared By 43% to N15.26trn in 2024

Says Q4 disbursements hit record-breaking N4.214tn on subsidy removal, FX rate policies

Peter Uzoho

The Federation Accounts Allocation Committee (FAAC) disbursed an unprecedented N15.26 trillion to federal, states and local governments in 2024, representing a historic high in revenue distribution and a 43 percent increase compared to previous years.

The Nigeria Executive Industries Transparency Initiative (NEITI) disclosed this yesterday, in its NEITI FAAC Quarterly Review, released in Abuja.

The agency attributed the surge in revenue disbursements to the three tiers of government to sustained fiscal reform policies of the federal government especially the removal of fuel subsidies and adjustment of foreign exchange rate policies which have continued to impact positively on oil revenue remittances.

Announcing the report, the Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, noted that the analyses were conducted against the backdrop of major fiscal reforms that reshaped the revenue landscape, particularly the impact of subsidy removal in mid-2023 on national and subnational finances and the consequences of debt repayment deductions on state allocations.

Orji explained that the report’s objective was to assess the sustainability of the federal and state governments’ borrowing to fund their projects and programmes, as well as the implications of natural resource dependence, particularly for states benefitting from the 13 per cent derivation revenue from oil, gas, and solid minerals.

He added, “The analysis focused on crude oil revenue derivation states, as solid minerals continue to underperform despite their significant potential."

The breakdown of the disbursements showed that the federal government received N4.95 trillion; state govern-

ments got N5.81 trillion while local governments received N3.77 trillion.

According to the report, the total FAAC disbursements including Derivation Revenue was N15.26 trillion.

The NEITI FAAC Quarterly Review showed that distribution to State governments in 2024 recorded the largest percentage increase of 62 percent from N3.58 trillion in 2023, followed by local government councils with a 47 percent increase, while the federal government’s share rose by 24 percent from N3.99 trillion in 2023 to N4.95 trillion in 2024.

The report highlighted that total FAAC allocations increased by 66.2 percent from N9.18 trillion in 2022, to N10.9 trillion in 2023 and N15.26 trillion in 2024, with the most significant growth occurring between 2023 and 2024.

"The Quarterly Review attributes the sustained rise in revenue disbursements to the government’s fiscal reforms, specifically the removal of fuel subsidy and exchange rate adjustments, which boosted naira-denominated mineral revenue by over 400 percent.

"While NEITI welcomes and would continue to support the reforms with credible information and data, the Review called for adequate measures to manage and mitigate economic and other social risks associated reforms in transitional economies like Nigeria," the report added.

NEITI, however, outlined such risks to include inflationary pressures, a possible rise in debt service costs as well as fiscal uncertainties for states dependent on oil revenues.

NEITI recommended that governments at all levels take innovative actions to mitigate the impact of these economic challenges.

On state-by-state allocation analysis, the report also revealed that Lagos State received the highest allocation

of N531.1 billion in 2024, followed by Delta (N450.4 billion) and Rivers (N349.9 billion).

Conversely, Nasarawa State received the least allocation of N108.3 billion, followed by Ebonyi (N110 billion) and Ekiti (N111.9 billion).

Furthermore, it revealed that six states—Lagos, Rivers, Bayelsa, Akwa Ibom, Delta, and Kano—each received over N200 billion, collectively accounting for 33 per cent of total allocations to all states, while the six lowest-receiving states—Yobe, Gombe, Kwara, Ekiti,

by states for foreign debts, other obligations gulped

Ebonyi, and Nasarawa—accounted for only 11.5 percent.

The report revealed a major financial divide, with the top four states—Lagos, Delta, Rivers, and Akwa Ibom—collectively receiving N1.49 trillion, over three times more than the combined total of the bottom four states—Kwara, Ekiti, Ebonyi, and Nasarawa—which received N442.4 billion.

The review also highlighted that total debt deductions for states’ foreign debts and other contractual obligations amounted to N800 billion, representing

12.3 per cent of total allocations to the 36 states, including derivation revenue.

It stated that Lagos State recorded the highest debt deduction of N164.7 billion, accounting for over 20 per cent of total deductions. It revealed that Kaduna State followed with N51.2 billion, while Rivers (N38.6 billion) and Bauchi (N37.2 billion) also recorded significant debt deductions.

The report noted that many states with high debt ratios were in the lower half of the FAAC allocation rankings but ranked higher for debt deductions,

raising concerns about their debt-to- revenue ratios and overall fiscal health. In its recommendations, NEITI urged the government to sustain policy reform measures to encourage sustainable revenue growth and economic stability with priority attention focussed on job creation, poverty reduction and control of inflation on goods and services. It also harped on ensuring exchange rate stability to mitigate inflationary pressures and adoption of conservative estimates for crude oil production and pricing to prevent budget shortfalls.

Senate Okays Bill Mandating Social Media Platforms to Have Offices in Nigeria

Proposes that bloggers must provide records, data of employees Probes Cameroon's alleged seizure of Nigerian Islands, waters, crude oil

The Senate yesterday passed for second reading, a bill mandating social media platforms to have physical and verifiable offices within Nigeria.

The bill also proposed that bloggers operating in Nigeria must have clear records and data of their employees.

Also yesterday, the Senate set up an ad-hoc committee to investigate the alleged annexation of maritime territories, mangrove islands, and villages of the Effiat clan in Mbo Local Government Area of Akwa Ibom by neigbouring Cameroon.

The proposed social media legislation was titled, “A Bill for an Act to amend the Nigeria Data Protection Act,

House Moves to Ensure Accuracy of Bills Before Presidential Assent

The House of Representatives has moved to prevent discrepancies in bills passed by the National Assembly by mandating a stricter verification process before they are transmitted to the President for assent.

Owing to this, the House has resolved to revert all authenticated bills to the Clerks of the Senate and House of Representatives respectively for confirmation before final transmission to the President for assent.

The lawmakers also resolved to ensure that the Clerks of both Houses verify the authenticity and accuracy of bills passed and forwarded to the President, certifying that no alterations

or errors had occurred during the process to ensure that the process was made mandatory for all bills, including the constitution alteration bills, to guarantee the integrity and legitimacy of the legislative process.

The resolutions followed the adoption of a motion on the ‘Confirmation of Authenticated Bills Before Transmission to the President for Assent to Ensure Legislative Integrity and Accuracy,’ moved by Hon. Sada Soli at plenary yesterday. Soli, while presenting the motion noted that the discrepancies in some bills passed by the National Assembly, alleging that certain provisions were not identical with the original bill passed by both the Senate and House

of Representatives.

He also noted that the President's recent decline to assent to a bill due to errors underscored the need for meticulous verification.

He stressed that all bills passed by the National Assembly are usually forwarded to the Clerk of the National Assembly for authentication, in accordance with the provisions of the Authentication Act.

"Adopting the Resolution of the House, the House of Representatives will demonstrate its commitment to transparency, accountability, and the rule of law, ultimately strengthening the legislative process and reinforcing public trust in the National Assembly," he added.

2023, to mandate the establishment of physical offices within the territorial boundaries of the Federal Republic of Nigeria by social media platforms, and for related matters (SB.648).”

The Senate President, Godswill Akpabio, declared the passage of the bill for second reading during plenary after most of the senators supported it through voice votes.

The bill was referred to the Senate Committee on Information Communication Technology (ICT) and Cyber Security for further deliberation and a public hearing.

The committee was directed to report back within two months.

The bill also proposed that bloggers operating in Nigeria must have clear records and data of their employees.

It was sponsored by Ned Nwoko, the senator representing Delta North Senatorial District.

Nwoko, while leading the debate on the proposed legislation, argued that it would ensure that digital businesses contribute a certain percentage to Nigeria’s revenue.

He said the bill was not proposed to attack social media platforms but as a way of increasing the revenue of the country through the digital space.

The senator explained that the inability of social media platforms to have identifiable physical offices in Nigeria has led to several challenges.

He listed the challenges to include limited representation for resolving user complaints, managing content specific to Nigeria, increasing loss of economic opportunities, employment generation, and legal compliance

He said, “I rise this day to lead the debate on a matter that is not only of national importance but is also central to Nigeria’s sovereignty, economy, and

technological development.

“The bill before us seeks to correct a glaring omission in how multinational social media companies engage with our“Thiscountry. bill was read for the first time on Thursday, November 21, 2024.

“Our dear nation, Nigeria, is not just the most populous country in Africa; we are also one of the most active when it comes to digital engagement.

“With over 220 million people, social media has become an essential part of our daily lives.

“According to the Global Web Index as reported by Business Insider Africa, Nigerians rank first in Africa and second globally in terms of daily social media usage, spending an average of three hours and 46 minutes online.

“Platforms such as Facebook, X (formerly Twitter), Instagram, WhatsApp, YouTube, TikTok, and Snapchat have become indispensable to millions of our people.

“These platforms are not just tools of communication; they are ecosystems that influence our politics, shape public opinion, drive entrepreneurship, and provide avenues for education and entertainment.

“However, despite the enormous user base and the value generated from Nigerian participation, these multinational corporations have no physical offices in Nigeria.

“This stands in sharp contrast to their presence in other countries such as the United States, Canada, the United Kingdom, Germany, India, Singapore, and Australia, where they maintain offices to address regional concerns, manage content policies, and build partnerships.

“The absence of physical offices for

these social media giants in Nigeria presents major challenges, including, limited local representation,” he said. He also said the lack of a local presence of social media platforms creates a disconnect between the platforms and their Nigerian user base. Nwoko said the absence of physical offices has deprived Nigerians of numerous opportunities.

He added, “Economically, it denies Nigeria the benefits of job creation in areas such as customer service, content moderation, legal compliance, and marketing.

“Imagine the thousands of young Nigerians who could be employed by these companies, gaining valuable skills and contributing to our economy.

“Technology transfer is another area where Nigeria stands to benefit immensely. Countries like China and South Korea became leaders in electronics and automobile manufacturing by fostering local partnerships with foreign firms and adapting their technologies.

“If these social media giants establish a local presence, Nigerian engineers, developers, and tech professionals will have the opportunity to learn from some of the best minds in the world and adapt cutting-edge technologies.

“The legal implications of their absence are equally concerning. Without physical offices in Nigeria, enforcing data protection laws, resolving disputes, and safeguarding user rights becomes a complex process.

“This bill seeks to simplify this process by ensuring that these platforms are physically present to respond to the unique needs of their Nigerian users and comply with our laws.

Juliet Akoje in Abuja

Sunday Aborisade in Abuja

L- R: Senate Minority Leader, Abba Morro; Senate Deputy Whip, Onyekachi Nweboyin; Deputy Senate Leader, Lola Ashiru; Cuban Ambassador to Nigeria, Miriam Morales Palmero; President of the Senate, Godswill Akpabio; Cuban Minister of Foreign Affairs, Bruno Rodriguez Parilla; Senators Oyewumi Olalere, Sadiq Umar and Idiat Adebule, during a courtesy call on the Senate President ... yesterday.

Domestic Resource Mobilisation Key to Economic Development, Sustainable Growth, Says FIRS Boss

Emejo

The Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zaccheus Adedeji, yesterday emphasised that domestic resource mobilisation remained crucial in achieving economic development and growth.

Adedeji spoke at the opening of the West Africa Tax Administration Forum Country Correspondent/ Heads of Corporate Communications Departments Conference and WATAF Council meeting holding in Abuja. He said the service was committed to supporting initiatives that drive tax policy development and capacitybuilding, not just in Nigeria but across the West African region. He said the role of effective communication in tax administration cannot be overstated.

Adedeji's remarks came on a day the President/Chairman of Council, Chartered Institute of Taxation of Nigeria (CITN), Mr. Samuel Agbeluyi,

said the country's tax infrastructures must evolve beyond traditional methods to smart, technology-driven frameworks that enhance revenue generation, plug leakages and promote voluntary tax compliance.

Speaking at the opening of the the maiden ICT summit on taxation with the theme, "Building Smart

Real Estate Firm Raises N31bn Via Private Equity, Explores Investment Opportunities

James Emejo in Abuja

Lagos-based investment firm, Yatsar Capital Partners, has announced the first close of the Yatsar Real Estate Private Equity (YREPE) Fund at N31 billion ($20 million).

This maiden fund had targeted

N55 billion to be invested in grade-A income generating assets, including demand-driven commercial development opportunities. In a statement, Chief Executive, Yatsar Capital Partners, Obi Nwogugu, said, "We are excited to reach our first close and deeply grateful to

our investors who have supported us in this journey.

"We are thankful for the partnership with BAT Nigeria in closing our first investment through the Rising Sun Building transaction.

"We look forward to playing a key role in channeling private capital into

Discos Bemoan Incessant Attacks on Officials by Military

the compelling opportunities we see in the Nigerian market."

The firm prioritises a proactive approach to real estate investment, focusing on making informed decisions based on foresight and extensive experience to generate future value in properties.

YREPE is backed by Nigerian pension funds and insurance companies who are seeking a disciplined and low-risk approach to investing in the real estate asset class.

Along with the first close, YREPE also made its first investment in the sale and leaseback of the Rising Sun building, a class-A mixed use asset on Alfred Rewane Road in Lagos, Nigeria.

Tax Infrastructure for Economic Growth" in Abuja, he said this was key to.ensuring that the Nigerian tax systems keep pace with the digital economy.

The FIRS chief executive, while addressing tax authorities from sister countries, said the Country Correspondents and Heads of Corporate Communications remained frontline ambassadors of tax institutions, responsible for shaping narratives, clarifying policies, and fostering voluntary compliance.

Furthermore, he said the WATAF Council would deliberate on issues bordering on the institutional sustainability of WATAF, consider the WATAF progress report alongside carrying out other administrative overview of WATAF Secretariat's operations.

Adedeji said, "Historically, Nigeria has always been at the forefront of promoting international tax cooperation and has been a key contributor to the development of the West African Tax Administration Forum (WATAF), providing technical assistance and capacity-building programmes to member countries.

challenges. "The FIRS remains committed to supporting initiatives that drive tax policy development and capacitybuilding, not just in Nigeria but across the West African region.

"We recognise the importance of domestic resource mobilisation in achieving economic development and growth."

Nonetheless, Agbeluyi also stressed the need to stay attuned to the evolving regulatory landscape, adding that ongoing reforms by the Presidential Committee on Fiscal Policy and Tax Reforms was critical to the tax system.

He said technology was no longer a luxury but a necessity, adding that countries that have embraced digital tax reforms are reaping the benefits of increased revenue mobilisation, reduced tax evasion and improved ease of doing business.

He said, "Nigeria cannot afford to be left behind".

Distribution Companies (Discos) in Nigeria have lamented the frequent attacks on their officials by the military, disclosing that in the latest beating of their staff by the army in Lagos, it wasn't about monies owed, but the cut in supply while repairs were ongoing.

Umbrella body of the Discos, the Association of Nigerian Electricity Distributors (ANED), stated on Arise Television yesterday that several communications were made with the military before the load shedding by Eko Disco began, explaining that despite that, its staff were brutalised by the army.

ANED’s Executive Director, Sunday Oduntan, explained that this came less than a week after the Air Force in Ikeja attacked its employees, explaining that although unacceptable, not all military personnel were bad.

“In the case of Lagos, they informed us and we sent messages. We made announcements to all our customers. In the case of Badagry area, the upgrade was to happen in Agbara industrial estate, which will affect Badagry and other places, including Topo military barracks.

“So we informed them. In the case of military barracks, we actually informed the commander, Lieutenant Colonel S. Lawan. We did all of this in

writing. As far as we were concerned, they knew that there would be a restricted supply of power.

“We even tried a couple of times to restore power, but because of excess load and not enough energy coming through from the Transmission Company of Nigeria (TCN) to us, we could not serve the area better. So, on the night of the 14th of March, at exactly 1am, soldiers from that barrack called it 15th Field Engineers Regiment, Topo, Badagry went to our injection facility.

“An injection facility is just a small building. We have a DSO, that is a distribution officer. That is a person that will put on lights on and off when you get from TCN. That is the interface. He was there with a security officer from a private security company.

“They just grabbed them, abducted them from that place at 1am and took them and seized their phones, took them to their barracks and inflicted injuries on them. After beating them and doing all sorts of things to them, they brought them back at 5am to that office. It was at that point that those guys could then inform the head office. That was how we knew about this,” he stated.

Describing the brutalisation of its officials as very unfortunate, Oduntan stated that as utility providers, the

Discos were not against the military, stressing that the latest incident in Badagry wasn't the fault of the power distributors.

“That upgrade was meant to increase power supply to all parts of Lagos state. And that is going on all over the country. So, we are receiving these kinds of attacks and assaults, and it is just shocking,” Oduntan insisted.

Meanwhile, the TCN has announced the restoration of normal bulk power supply to Eko and Ikeja Electricity Distribution Companies for onward distribution to their customers in Lagos State.

The restoration, it said, followed the successful completion of repair works on a part of the 330kV transmission line, between towers 420 to 422 of the Osogbo-Omotosho line, which was completed on Saturday, March 15, 2025.

“The repair addressed a line snap, restoring lost power and resuming normal bulk transmission. Consequently, load shedding caused by the line cut has been stopped.

“TCN appreciates the understanding and cooperation of the Lagos State Government, Eko and Ikeja Electricity Distribution Companies, and electricity consumers in Lagos State during the period of load shedding, ” a statement by TCN's spokesperson, Ndidi Mbah, said.

The building, which is located on the most sought-after office stretch in Nigeria, includes five floors of grade-A commercial office space, and seven floors of residential accommodation, all occupied by corporate tenants, the statement added.

"I encourage all participants to actively engage in discussions, leverage this gathering to build stronger professional networks, and commit to implementing the knowledge gained for the betterment of our tax systems."

"Our country has also been at the forefront of promoting regional cooperation in tax administration, recognising the importance of collaboration in addressing common

The CITN President pointed out that as practitioners, "we play a critical role in interpreting these reforms and aligning our practices to support their strategic objectives. The CITN remains relentless in ensuring that our members are up to date and at the heart of these reforms."

Agbeluyi: digital tax reforms will boost revenue mobilisation, ease of doing business, reduce tax evasion TCN

He said the summit will position the tax profession to lead in shaping the country's economic future, adding that the council remained committed to fostering excellence in taxation practice in Nigeria.

He said, "This summit is a clear demonstration of our dedication to staying at the forefront of industry trends and developments."

In a bid to address the transportation challenge facing many Nigerians due to high cost of vehicles and limited financing options, the Consumer Credit Corporation (CrediCorp) yesterday commenced a nationwide rollout of its a second auto financing programme, delivering cars to new beneficiaries.

CrediCorp, in collaboration with Autocheck, yesterday at a handover event in Abuja, gave out keys to owners of 20 brand new vehicles.

Speaking during the ceremony, Managing Director and Chief Executive Officer of CrediCorp, Mr. Uzoma Nwagba, said the event marked a major step in expanding access to vehicle ownership in the country.

He said: "Owning a car is more than just a convenience—it’s a gateway to

economic opportunity, independence, and higher quality of life.

“Recall that CrediCorp has been providing highly discounted credit for brand-new locally-assembled vehicles of all types, through its Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises) initiative.

"This will continue and remain highly discounted to support local industry. However, the reality is that most Nigerians can only afford to purchase used cars."

In a statement, CrediCorp said it expanded its credit access to preowned cars through partnership with AUTOCHECK, ensuring that more Nigerians can own cars with credit tailored to their financial realities.The uptake of CrediCorp’s pre-owned vehicle financing initiative has been overwhelming since the offer opened

on March 1, 2025.

"So far, thousands of applications have been received from across Nigeria; the first 205 applicants successful through credit checks by the participating financial institution are receiving their vehicles.

"Today marks a significant milestone in CrediCorp’s commitment to expanding access to consumer credit for vehicle ownership.

“The wave of beneficiaries continues. For many of the new car owners, this program is more than just a means of transportation—it’s a life-changing opportunity.”

While expressing appreciation, a school teacher in Abuja - Amaka Okafor, said she had relied on public transport for years, often struggling with long commute times and unreliable service.

Onyebuchi Ezigbo in Abuja

Emmanuel Addeh in Abuja

James

in Abuja

L-R: Attaché of the Political Section of the Chinese Embassy, Zhu Songbo; Chinese Ambassador to Nigeria, Yu Dunhai; FCT Minister, Nyesom Wike; and Director of the Political Section, Chinese Embassy, Wang Kangning, during the Ambassador’s visit to the FCTA, yesterday

SENior mANAgEmENt tEAm oF StErliNg oNE FouNdAtioN ViSitS

Pix 0022/7576

UNCTAD Warns Against Global Fragmentation as World Trade Hits Record $33 Trillion

Rising geo-economic tensions, protectionism, trade disputes may cause disruptions in 2025 US' trade deficit with China reaches -$355bn Global debt now three times more than GDP At $97.83tn, US accounts for a third of world's $318.4tn total debt

Ndubuisi Francis in Abuja

Global trade hit a record $33 trillion in 2024, expanding 3.7 per cent ($1.2 trillion), according to the latest Global Trade Update by UN Trade and Development (UNCTAD), which warned that while trade remains strong, uncertainty looms in 2025.

According to UNCTAD, services drove growth, rising 9 per cent for the year and adding $700 billion – nearly 60 per cent of the total growth.

Trade in goods grew 2 per cent, contributing $500 billion. Most regions saw positive growth, except for Europe and Central Asia.

Growth varied by industry – agrifood, communication technology and transport saw gains, while energy, apparel and extractives slowed due to weaker demand and policy shifts.

However, momentum slowed in the second half of the year. In the fourth quarter, trade in goods grew by less than 0.5 per cent, and services edged up just 1 per cent.

Trade inflation neared zero as prices for traded goods stabilized in the last quarter of 2024.

The lingering effects of high post-pandemic inflation appear to have run their course.

In 2024, developing economies outpaced developed nations, with imports and exports rising 4 per cent for the year and 2 per cent in the fourth quarter, driven mainly by East and South Asia. South-South trade expanded 5 per cent annually and 4 per cent in the last quarter.

China and India outperformed global trade averages. In contrast, trade in the Russian Federation, South Africa, and Brazil remained sluggish for most of the year, with some improvement in the fourth quarter.

Meanwhile, developed economies’ trade stagnated, with imports and exports flat for the year and down

ECN

2% in the last Merchandisequarter. trade imbalances widened in 2024, global trade imbal- ances returned to 2022 levels.

The US trade deficit with China reached -$355 billion, widening by $14 billion in the fourth quarter, while its deficit with the European Union (EU) increased by $12 billion to -$241 billion.

Meanwhile, China’s strong exports pushed its trade surplus to the highest level since 2022.

The EU reversed previous deficits and posted a trade surplus for the year, helped by high energy prices. Trade has remained stable in early 2025, but mounting geoeconomic tensions, protectionist policies and trade disputes signal likely disruptions ahead.

Falling shipping indexes signal weaker demand for manufactured goods, input and commodities as businesses adjust to increasing uncertainty.

The challenge in 2025 is to prevent global fragmentation, where nations form isolated trade blocs, while managing policy shifts without undermining long-term growth, UNCTAD stated.

Meanwhile, global debt surged by about 50 per cent over the last decade, outpacing a 46 per cent increase in global gross domestic product (GDP).

From the end of 2015 to the end of 2024, global debt rose by 49.2 per cent, from $213.3 trillion to $318.4 trillion, an additional $105 trillion, data from the International Institute of Finance (IIF) shows.

Over the last 10 years, global GDP increased by approximately $35 trillion, reaching $110 trillion, according to the International Monetary Fund (IMF).

In other words, global debt now exceeds the world’s GDP by three times.

During the same 10-year period, household debt rose by 50 per cent to $60.1 trillion, while debt for nonfinancial companies grew by 45 per cent to $91.3 trillion. Financial firms saw the smallest increase at 33.4 per cent, reaching a total of $71.4 trillion.

However, government debt surged by 67.7 per cent, rising from $56.8 trillion at the end of 2015 to $95.3 trillion by the end of 2024.

Mature markets' debt soared by 34.3 per cent to $214.3 trillion as of the end of 2024, and emerging markets' debt jumped by 92.7 per

cent to $103.7 trillion. As for GDP, advanced economies saw a 41.7 per cent increase, while emerging markets and developing economies posted a 53.2 per cent rise. The most impactful developments in the span of the past decade were the measures introduced to ease

Critical Stakeholders Seek Enforcement

the severe economic effects of the COVID-19 pandemic. According to the IMF, while global GDP narrowed by around 2.5 per cent year-on-year in 2020, global debt rose by 13 per cent over the same period, reaching $291.2 trillion

Power, Better Funding for FRC to Bolster Public Finance Management

Senator: It's best suited to ensure transparency in MDAs Oyedele, Enang decry neglect Fmr presidential aide queries source of funding for extended 2024 capital budget

Critical stakeholders have called for better funding and strengthening of the Fiscal Responsibility Commission (FRC) by urgently reviewing the enabling law--Fiscal Responsibility Act (FRA 2007) with a view to vesting the Commission with the powers to check fiscal impunity in public finance management.

The call to make the FRC play its pivotal role in enthroning transparency, accountability and sustainable financial management system was raised by notable members of the executive ànd legislative arms of government at the just-ended two-day high-level interactive session on "Strengthening Collaboration Between Legislature and Executive for Sustainable Financial Management," organised by the Federal Ministry of Finance, in Abuja.

The FRC was set up under former President Olusegun Obasanjo administration to monitor and enforce the provisions of the enabling Act, which

provides for the prudent management of the nation’s resources, ensure longterm mpacro-economic stability of the national economy, and secure greater accountability and transparency in fiscal operations within a medium term fiscal framework.

Over the years, its operations have been hamstrung by a combination of poor funding and lack of power to sanction Ministries, Departments and Agencies (MDAs) that run foul of fiscal laws.

These have limited its ability to bark and to bite in the face of rising public debt, dearth of prudence, accountability and transparency in the nation's public finance management system.

Chairman, Senate Committee on Finance, Senator Mohammed Musa Sani who painted a rather uninspiring picture of some Government-owned Enterprises (GOEs), said: " I think there are ways we can now try to strengthen the Fiscal Responsibility Commission so that they will fully be able to discharge their responsibilities. " According to him, during oversight

Trains MDAs on Energy Management Systems

Emmanuel Addeh in Abuja

The Energy Commission of Nigeria (ECN) has trained stakeholders in the Ministries, Departments and Agencies (MDAs) in Nigeria on its Energy Management Systems project, to foster good industrial energy performance and resourceefficient clean technology solutions.

According to the Director General of ECN, Dr. Mustapha Abdullahi, the training was to promote innovation in clean technology solutions, which is being supported by the Global

Environment Facility (GEF) and United Nations Industrial Development Organisation (UNIDO).

Also, to strengthen national Industrial Energy Efficiency (IEE) policies and regulatory frameworks towards the adoption of UNIDO's energy management systems standards in Nigeria. "With the increase in energy prices and the environmental impacts of energy consumption, there are reasons for balanced energy usage and effective energy management towards minimising energy wastages.

“It is therefore commendable that this timely training on Energy Management Systems (EMS) is organised to present a systematic framework for establishing policies, processes, procedures and specific energy-tasks towards meeting an organisation's energy saving targets,"Abdullahi stated.

Also on the occasion, the Program Coordinator, Environment and Energy, UNIDO, for Nigeria and ECOWAS, Mr. Oluyomi Banjo, commended the ECN for the training.

He said: "Globally, industries

account for one-third of total energy consumption and for almost 40 per cent of worldwide CO2 emissions.

“The need to reduce energy consumption, environmental degradation, and resource depletion by industries in emerging economies is especially evident, since global growth in industrial production since 1990 has been dominated by emerging economies like India and China, both of which accounted for over 80 per cent of increased industrial production during this period.

by the parliament, revenue generating agencies find it extremely difficult to open their books for National Assembly members to scrutinise.

"But the law has allowed the Fiscal Responsibility Commission to look into their books and by so doing, will be able to do a lot to save the economy of this country," Sani said, noting that a review of the Fiscql Responsibility Act 2007 to strengthen the commission to perform was imperative.

He lamented the underhand practices of some revenue generating agencies which border on lack of transparency in their operations.

Citing the case of an unnamed agency, Sani noted that when it filed its revenue receipts for 2022 in 2025, it smacked of fraud.

Referring to the agency, he said: "Where is the receipt for 2022, and you're presenting a receipt for 2025 referencing revenue that had been generated in 2022? What does that tell you in accounting? Lack of transparency For me, I call it a fraud."

Also, speaking, the Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele decried the apparent neglect of a critical agency like the FRC, lamenting that his recent visit to its operational headquarters was a testament to how much the critical agency has been neglected.

Oyedele noted that it smacked of insincerity to seek to strengthen public finance management when the FRC is starved of the much-needed funding to effectively perform its statutory role.

According to him, the FRC is grossly underfunded such that even renewing its rent had become difficult, calling for urgent steps to strengthen the all-important Commission.

In the same vein, a former senator/

Presidential Adviser and Liaison to the National Assembly, Senator Ita Enang who presented the keynote address at the event, described the Fiscal Responsibility Commission as the biggest institution to manage the economy, regretting that it was the most neglecte public institution.

"Of all the parastatals and agencies pivotal to the success of the collaboration between the two arms for the success of the economy coordination mandate, and the most powerful, and biggest of all of them is the Fiscal Responsibility Commission established under Fiscal Responsibility ACT, Cap F40, Laws of the Federation of Nigeria, but the most ignored and abused.

"The biggest institution to manage the economy is the Fiscal Responsibility Commission. It's the most important agency to.manage the economy, yet it is the most neglected," Enang said. Also, in her contrbutions, the Permament Secretary, Federal Ministry of Finance, Mrs. Lydia Shehu Jafiya called for an urgent review of the Fiscal Responsibility Act and the strengthening of the Fiscal Responsibility Commission to enable it play the critical role it was established to play to ensure fiscal discipline in public finance management.

Jafiya who noted that the need for the Commission to play a more visible role had become more imperative in the current administration of President Bola Tinubu, also appealed to the National Assembly to drastically reduce the regular invitation of top members of the executive to interface with the parliament.

Jafiya recommended the setting up of a liaison between the executive and legislature arms to address the development.

Meanwhile, Ita Enang has queried

Ndubuisi Francis in Abuja

L-R: Nobel Peace Prize Nominee, Ms. Zuriel Oduwole with Governor of Lagos State, Mr. Babajide Sanwo-Olu during a courtesy visit by the senior management team of Sterling One Foundation and Ms. Oduwole at Lagos House, Marina ... yesterday

NUPRC: Nigeria to Leverage 37.5bn Barrels Reserves, 209tcf of Gas for Industrialisation

Pledges to ensure decarbonisation for long-term sustainability

Emmanuel Addeh in Abuja

With 37.5 billion barrels of crude oil and 209.26 trillion cubic feet of natural gas, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria will leverage on its abundant mineral resources, while ensuring decarbonisation for long-term sustainability.

Speaking at an event in Abuja themed: "Towards an Energy-Secured and Decarbonised Future”, the Chief Executive of NUPRC, Gbenga Komolafe, disclosed that the life indices of Nigeria's oil and gas resources remain at 70 and 90 years respectively.

“As you are aware, the oil and gas sector contributes nearly 90 per cent of our foreign exchange earnings and 70 per cent of national revenues. The key question before us today is: How do we leverage our vast hydrocarbon resources while embracing decarbonisation to ensure long-term sustainability and competitiveness? “ Komolafe stated.

Stressing the need for a ‘just transition’, he acknowledged the unique economic realities of different regions and countries, stressing that

the United States acknowledgement of the essential role of oil and natural gas in ensuring energy affordability and reliability, as against prematurely displacing these resources, aligned with Nigeria's strategy of leveraging natural gas as a transitional fuel.

“With 37.5 billion barrels of crude oil and 209.26 trillion cubic feet of natural gas and life indices of 70 and 90 years,

T I nubu Decl A re S S TAT e of e mergenc Y I n rI ver S S TAT e administrator of the state for the period.

Tinubu also solely blamed Fubara for the crisis in the state, effectively exonerating his Minister of FCT, Nyesom Wike, a major party and cause of the crisis in the state.

The development was believed to have been propelled by an explosion that struck the Trans-Niger Pipeline (TNP), one of Nigeria’s biggest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses.

Amid the mounting tension, Fubara, has urged Rivers people to remain peaceful and law-abiding, while he continues to engage with relevant institutions to ensure that democracy remains strong.

But the Nigerian Bar Association (NBA) has told President Bola Tinubu, that he lacked the constitutional powers to remove any elected governor of a state in Nigeria.

Similarly, a former Vice-President Atiku Abubakar, has said the state of emergency imposed in Rivers State reeked of political manipulation and in bad faith.

Sharing same views, former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George, has described the emergency situation as “absolute Armageddon. Total disrespect for constituted authority. The Constitution has been viciously violated.”

This was as some Niger Delta monarchs includingHRM King Dodo II of Bilabiri Kingdom, Bayelsa State; and HRH King-Jerry Prebor, the Meinbutus Federal Communities, Warri, Delta State, have called on President Tinubu to fire Wike, or call him to order before he causes more troubles for him in Rivers State.

This, nonetheless, a Niger Delta Group, Niger Delta Intelligentsia Team (NDIT), has identified the political upheaval in Rivers State as responsible for the explosion at the Trans Niger Pipeline TNP.

In a 12-minute nationwide broadcast suspending Fubara, Odu, and the state assembly, Tinubu cited a prolonged political crisis, constitutional breaches, and rising insecurity for his action.

Tinubu said the decision was necessary to restore peace, order, and governance in Rivers, as the state had been embroiled in political turmoil for several months.

According to him, all efforts at mediation, including his personal intervention and those of other wellmeaning Nigerians, had failed to resolve the crisis.

“The state has been at a standstill since the crisis started, with the good people of Rivers unable to access the dividends of democracy,” he stated.

Tinubu, who largely blamed Fubara, also cited the demolition of the Rivers State House of Assembly complex in December 2023, which he described as an unjustifiable act that crippled legislative governance.

“More than a year after the demolition, the complex remains un-rebuilt, exacerbating tensions between the executive and legislative arms of the state government,” he said.

He referenced the February 28, 2025 Supreme Court judgment, which ruled that Rivers had effectively ceased to have a functioning government due to the collapse of its legislative arm.

The court had upheld the validity of 27 lawmakers, who defected from the PDP to the APC, ruling that they must be allowed to resume legislative activities.

Despite this ruling, he said, the Rivers government, led by Fubara and a faction of four lawmakers,

continued to resist compliance, worsening the crisis.

“The Supreme Court held that a government cannot exist without its three arms. In this case, the governor collapsed the legislature to govern as a despot. As it stands, there is no government in Rivers State,” the president quoted from the ruling.

Beyond the political crisis, the president highlighted the escalating security threats in Rivers State, pointing to recent pipeline vandalism by militants.

He alleged that these activities had taken place without any intervention from the state government, raising concerns about the governor’s failure to maintain law and order.

“Some militants have threatened fire and brimstone against perceived enemies of the governor, and up till now, he has not disowned them,” the president stated, adding that he had ordered security agencies to ensure the protection of lives, property, and vital oil infrastructure in the state.

With the suspension of the elected state government, the newly appointed Administrator, Vice Admiral Ibas (Rtd.), is expected to manage the affairs of Rivers State.

Tinubu clarified that Ibas would not have the power to make new laws but can formulate regulations, subject to approval by the Federal Executive Council (FEC) and promulgation by the president.

He said the judiciary in Rivers State would remain functional, ensuring that legal processes continued without disruption.

Tinubu confirmed that the state of emergency declaration has been published in the Federal Gazette and transmitted to the National Assembly for approval, in line with the 1999 Constitution (as amended).

He expressed hope that this intervention would compel all political actors in Rivers to respect constitutional order and work towards peace.

“This is an extraordinary measure, but it is necessary to restore governance and prevent further breakdown of law and order in Rivers State,” he stated.

President Tinubu had earlier held an 'emergency' meeting with principal officers of the National Assembly and top security chiefs at the State House, Abuja.

In attendance were President for the Senate, Godswill Akpabio; Speaker of the House of Representatives, Hon Tajudeen Abbas; Senate Leader, Opeyemi Bamidele; Deputy Speaker, Hon Benjamin Kalu; National Security Adviser Nuhu Ribadu, and key security officials, including Inspector-General of Police, Kayode Egbetokun.

Also at the meeting were the Director-General of the State Security Service (SSS), Tosin Ajayi, and the Director-General of the National Intelligence Agency (NIA), Mohammed Mohammed.

Although the agenda of the meeting has not been officially disclosed, it was not unconnected to the escalating political crisis in Rivers State, where 27 lawmakers loyal to Wike, were pushing for the impeachment of Fubara.

The political standoff has raised tensions in the state, leading to fears of instability.

The meeting also followed a pipeline explosion that rocked the Trans Niger Pipeline in Bodo Community, Gokana Local Government Area of Rivers State.

The blast, which occurred on Monday night near the Bodo-Bonny Road, has further heightened concerns over security and stability in the oil-rich region.

The explosion struck the TransNiger Pipeline (TNP), one of Nigeria’s biggest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses.

The incident, which occurred in Rivers State, was the latest in a series of political crises plaguing the country’s oil infrastructure.

The explosion, which occurred late Monday evening sent plumes of thick smoke into the sky, visible from miles away.

Local residents described hearing a loud blast followed by intense heat and flames. While the cause of the explosion is yet to be officially confirmed, sources suggested it could be linked to sabotage, vandalism, or equipment failure.

The Trans Niger Pipeline (TNP) was considered one of Nigeria’s biggest oil pipelines. It was a major crude oil transportation pipeline in the Niger Delta region, known for its significant oil reserves.

The Trans Niger Pipeline was operated by the Shell Petroleum Development Company and the Nigerian National Petroleum Company Limited (NNPC) and spanned approximately 180 kilometers (112 miles).

The TNP is an important infrastructure for transporting crude oil from oilfields in the Niger Delta to export terminals, primarily the Bonny Export Terminal. It has the capacity to transport over 450,000 barrels of crude oil per day, contributing significantly to Nigeria’s oil production and export.

Responding to a THISDAY enquiry on the explosion, Renaissance Africa Energy Company Limited, the new owner of the Shell Petroleum Development Company Limited (SPDC), said in a terse message that "Renaissance is responding to reports of an incident in its eastern operations. Part of that response is a regulator-led joint investigation visit. Updates to follow as they become available."

Fubara Urges Calm, Says He’ll Face Challenge with Unwavering Faith in Process

Embattled Rivers State, Governor Siminalayi Fubara, has urged Rivers people to remain peaceful and law-abiding, while he engages with relevant institutions to ensure that the nation’s democracy remains strong.

In a 12-paragraph statement by the Commissioner for Information and Communication, Joe Johnson, he regretted the unfortunate moment in the state’s political history.

“Since assuming office as your Governor, all my actions and decisions have been guided by my constitutional oath of office and a great sense of duty. We prioritised the protection of lives and property and ensured the continuous progress of our dear state.

“Even in the face of the political impasse, we have remained committed to constitutional order and the rule of law, putting the interest of our people above all else.

“This was why, immediately after Mr. President’s intervention to broker peace, we did not hesitate to implement the agreed terms in good faith, including welcoming back commissioners, who had previously resigned on their own volition.

“Furthermore, we moved swiftly to comply with the Supreme Court's judgement and immediately we received the certified true copy of the judgement to return the state to normalcy. These steps were taken not for personal gains but to foster peace, unity and stability in our dear State.”

He explained that, “At every

turn, members of the Rivers State House of Assembly frustrated our efforts, thus making genuine peace and progress difficult. Our priorities remained the security of lives and property and advancing the well-being and prosperity of Rivers people.”

According to Fubara, “We have political disagreements, but good governance has continued, salaries have been paid, and great projects are being executed to move the state forward. Above all, Rivers State is safe, secure and peaceful under our watch.

“At this critical time, I urge all Rivers people to remain peaceful and law-abiding. We will engage with all relevant institutions to ensure that our democracy remains strong and that Rivers State continues to thrive. We have always been a resilient people, and we will face this situation with wisdom, patience, and unwavering faith in the democratic process.”

Also, a former governor of Bayelsa State, Senator Seriake Dickson, has rejected the declaration.

The senator in a statement said he never would support a declaration that would remove an elected governor. He also said it appeared the Ijaw nation was targeted.

Dickson said: “This evening, like all Nigerians, I was taken aback by the broadcast from the president over the political disputes in Rivers State. I do not support the declaration of a state of emergency, especially when that is taken to mean that the Governor and his deputy will vacate their seats for six months.

“I don't believe that is the intent of the constitution, and that has been my position on matters like this even when we had a PDP President. I have always opposed declarations of emergency in states that meant that their governors would vacate their offices, and this is no exception.

“I have always had the view that even with the declaration of a state of emergency in a state, the elected government must be protected and need not be removed.”

The ex-governor said he spent all his adult life fighting and defending his people, even when leaders, out of envy and wickedness, sponsored propaganda and misinformation.

“When I was leaving as governor, and because I knew the anti-democratic and anti-Ijaw forces in our region and in the country, having fought and defeated them, knowing their strengths, strategies and their determination, I brought in a successor. He did not tell me he wanted to be a governor.

“I brought him in to lead and protect our people with our support, because he was part of the Ijaw movement.

“While managing a recession for six years during my 8-year tenure, I worked and made a mark in all sectors of our State. We raised and maintained countless numbers of people men, women and youths, with less than N500 million monthly after paying half salaries in a recession.

“We still stopped the brutal federal forces from taking over the state in 2015, 2019 general election, and 2020 governorship election where I sponsored all candidates with the support of our friends and allies.

“Is this what has become of the Ijaw nation that we all staked everything to build? It is a sad day for all democrats. It's a sad day for Rivers State, and a sad day for our people. I urge everyone to put on their thinking caps. I urge our people to lift up their spirits as we will get over this together.”

Explosion Caused by

respectively, the stakes are even higher for Nigeria. As you are aware, oil and gas sector contributes nearly 90 per cent of our foreign exchange earnings and 70 per cent of national revenues.

“The key question before us today is: How do we leverage our vast hydrocarbon resources while embracing decarbonisation to ensure long-term sustainability and competitiveness? Komolafe

Sabotage, Says Group

A Niger Delta Group, Niger Delta Intelligentsia Team (NDIT), has fingered the political upheaval in Rivers State as responsible for the Monday explosion of the Trans Niger Pipeline TNP.

The explosion which occurred at Bodo community in Ogoniland resulted in a huge spill of crude oil on the environment with an associated inferno.

Speaking with Journalists in Port Harcourt, Secretary General of the group, Nse Victor Udoh, stated that though information about the explosion was still sketchy he suspected the explosion was a politically motivated attack.

He explained that the group's position was hinged on the fact that for about a year now or there about there had been zero incidents on the TNP.

"All of us are aware of that but recently, people have been issuing threats of possible incidents of vandalism and attacks on oil facilities," he said.

Udo explained that, "It's like when the owl cries at night and the baby dies in the morning, definitely fingers will point that the owl has something to do with it. So, I'm strongly of the opinion that this a politically motivated incident. Not a consequence of normal occurrence.”

On the location of the threats being away from the area where the explosion occurred, he said, "The Niger Delta and all of us crisscross the domain, all of us interact and move around.

"That somebody wants to respond to an issue politically and decides to do it in an area that fingers will not be easily pointed at him does not necessarily make us dumb to consider it not a consequence of political tension. Whether it happens deep into the communities where the threats were made or a little bit from the dry land where the threats were not made from.

"Nobody said they were going to blow up the pipeline in Bayelsa or in Gbegena or anywhere. It was just said that the pipeline will be torched in the Niger Delta. Those who kept issuing the threat did not specify where they would carry it out.

“So, this is within the region and very significantly within Rivers State. This is highly political. But at this time, we have to call on the security agencies to be a bit more vigilant over the national oil assets.”

But another group, Youths and Environmental Advocacy Centre (YEAC-Nigeria), has disabused the claim that the explosion incident was politically motivated.

Executive Director of Advocacy Centre, Fyneface Dumnamene, told journalists in Port Harcourt, that “The incident is suspected to have been caused by sabotage as a dug-out pit is spotted in the area but this is still subject to confirmation by NOSDRA.”

Fyneface, who stated that the

“Attack on oil installation over the Rivers State political crisis can't happen on Ogoni soil”, called on NOSDRA to swing into action and carry out JIV to the site with other stakeholders including the operator of the facility.”

Police Arrest Suspects over Incident

The Rivers State Police Command has confirmed the bombing incident, and disclosed the arrest of two persons in alleged connection to the explosion.

The state Police Public Relations Officer, SP Grace Iringe-Koko, who had earlier confirmed the incident, said

the explosion occurred on Monday night, but assured the people that the situation had been brought under control.

In a statement, Iringe-Koko, who did not mention if the fire was as a result of an explosion or a spill that later got burnt, also did not note if the development was caused by a Militant group. She stated that a surveillance team in the area observed the fire incident and reported to the operators, adding that there is no further threat.

"The Rivers State Police Command wishes to inform the general public that a fire incident occurred at the Shell Petroleum Development Company (SPDC) operated Trans Niger Delta Pipeline, located at the border of Kpor and Bodo communities.

"During a routine night patrol, security operatives observed the incident and promptly alerted SPDC management.

"The latter initiated necessary safety protocols, including shutting down the affected pipeline. As a result of swift intervention, the situation is now under control, and there is no further threat to residents or the environment."

Iringe-Koko, however, disclosed that police had opened an investigation into the incident to determine the cause of the fire, adding that two people had been arrested for interrogation.

"The Rivers State Police Command has commenced a thorough investigation to determine the cause of the fire. In connection with this, two individuals have been taken in for questioning as part of efforts to uncover any potential act of sabotage.

"The Command remains committed to ensuring that perpetrators of criminal activities are identified and brought to justice."

The command urged residents to remain calm and vigilant, assuring them of their unwavering commitment to protecting lives and property.

"The Command will not relent in its efforts to rid the state of criminal elements and maintain peace and security for all," she added.

Monarchs to Tinubu: Fire Wike or Call Him to Order

Some Niger Delta monarchs, including HRM King Dodo II of Bilabiri Kingdom, Bayelsa State, and HRH King-Jerry Prebor, the Meinbutus Federal Communities, Warri, Delta State, have called on Tinubu to fire Wike, or call him to order before he causes more troubles for him in Rivers State.

The monarchs, who spoke amid the bombing of the Trans-Niger pipeline in Bodo, Gokana Local Government Area of Rivers State, and current events in the oil-rich state, said Wike would be a good riddance to Mr. President because of his 2027 ambition.

King Prebor said on the phone that,

“Given the current events in Rivers State and the likely outcome, I implore President Tinubu, Wike’s employer, to fire him now or call him to order before things get out of hand.”

On his part, King Dodo II said,

“On the present situation in the Niger Delta, particularly Rivers State, the president should call his minister to order.

“The president should take the matter of River State as a serious issue and act fast on it. He should not become the enemy of the Rivers people because of Wike’s selfish desire.”

NBA: President Doesn't Have Powers to Remove Elected

LaUnch Of afrIgO card By thE Bank at UBa hOUsE...

Head, Digital Banking, United Bank for Africa( UBA),

Explorationists Laud SPDC Acquisition by Renaissance as 30% of 18 OMLs Move to Indigenous Owners

Peter Uzoho

The Nigerian Association of Petroleum Explorationists (NAPE) has applauded the completion of Shell Petroleum Development Company in Nigeria’s (SPDC) divestment to Renaissance Africa Energy Company Limited, saying it was significant in advancing the country's economic growth and energy security.

In a statement issued yesterday, NAPE said the landmark share sale deal transferred Shell’s 30 per cent stake in 18 Oil Mining Leases (OMLs) within the SPDC Joint Venture to indigenous ownership, marking a new era for Nigeria’s upstream sector.

The association added that the longanticipated transition of onshore and shallow water offshore assets in Nigeria has reached a historic milestone with the completion of SPDC divestment to Renaissance, a consortium of Nigerian oil and gas companies.

Speaking on the significance of the milestone, President of NAPE, Mr. Johnbosco Uche, emphasised the importance of indigenous ownership in strengthening Nigeria’s energy landscape.

“The successful completion of this divestment is a testament to the maturity and capability of Nigerian companies to manage and operate largescale oil and gas assets. It reinforces our long-standing advocacy for enhanced local content participation, which is critical for capacity development, energy

security, and sustainable production growth.

"At NAPE, we have consistently championed policies and initiatives that drive responsible exploration and production to combat energy poverty and ensure economic stability for millions of Nigerians," he said.

Uche noted that the acquisition by Renaissance marked a pivotal step in deepening local capacity-building, fostering indigenous technical expertise and maximising in-country value retention. Additionally, he said the acquisition aligns with Nigeria’s strategic objective to optimise hydrocarbon resources

while driving revenue generation and economic diversification.

Uche further stated, “This transaction signals a positive trajectory for Nigeria’s energy sector and reflects growing investor confidence which underscores our collective commitment to positioning oil and gas as a catalyst

for sustainable national development.” According to the statement, NAPE remains committed to fostering strategic collaboration among government, investors, and industry stakeholders to ensure a resilient, innovative, and sustainable energy sector that secures Nigeria’s long-term prosperity.

FG Inaugurates $60m LPG Extraction Gas, 20mw Gas to Power Plants in Rivers

Blessing Ibunge in Port Harcourt

The federal government has inaugurated a 12million cubic feet gas extraction plant and 20 megawatts gas power plant in Otakikpo, Ikuru, in Andoni Local Government Area of Rivers State.

Inaugurating the project yesterday, the Minister of State for Petroleum (Gas), Mr. Ekperikpe Ekpo, disclosed that the plants were built by Otakikpo

Joint Venture comprising of Green Energy International Limited, the operator and Lekoil Oil and Gas Investment Ltd, the technical partner of the Otakikpo field PML 11 in the State.

In his remarks, Ekpo who commended the joint venture on the initiative, said the mandate of President Bola Tinubu to him was to drive the development of the gas sector in the country, noting that Nigeria ranks

eight in the whole world and largest in Africa with 33 percent of Africa gasEkporeserve.stated that, “The creation of the Ministry of Petroleum Resources (Gas) by Mr. President reflects the foresight and wisdom of Mr. President in ensuring a dedicated and strategic focus on development of our natural resources (gas).

“This bold step is pivotal for actualising Nigeria's vision for

PENGASSAN Threatens Strike Over Dispute with Sterling Oil Company

Alleges firm violating Nigerian Content Act

Onyebuchi Ezigbo in Abuja

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday said it may be compelled to mobilise action to shut operations in the country's upstream oil sector if nothing was done to get Indian oil firm -Sterling Oil Exploration and Energy Production Company Limited to adhere strictly to the country's laws.

The association accused the oil company of gross violation of the country's extant guiding operations in the oil and gas sector.

It said the company surreptitiously brought in over 10,000 Indians to occupy positions ordinarily reserved for Nigerians under the Nigerian Local Content Act.

PENGASSAN alleged that Sterling Oil company was recruiting many Indians to carry out jobs such as communication, panel operators, vulcanizers and cooks.

Addressing journalists shortly after a meeting of the association

in Abuja yesterday, PENGASSAN President, Festus Osifo said Sterling Oil company has in several ways acted in clear violation of the Nigerian laws without any reprimand by relevant regulatory authority.

He said the association would continue to push to ensure that the Indian company complies with the laws of the land, adding that they would accept further deprivation the rights of teaming unemployed Nigerians to secure jobs.

"If we explore all these avenues of amicable resolution of the matter and nothing is done , we will declare a national strike," he said.

Osifo said PENGASSAN was demanding among others that, "All foreigners taking up job of Nigerians must go and that the company must bring in Nigerians immediately to do that job.”

Another demand by PENGASSAN was that all their members sacked by the company in their quest for good working condition should be reinstated.

In addition, PENGASSAN was demanding that all the workers should be allowed to assert their right to join trade union of their choice.

"We have brought this to the fore and all the relevant authorities are now aware of our demands, " he said.

Osifo said PENGASSAN has substantial number of its members manning key sections of upstream oil and gas sector to carry out disruptive action.

He said Section 35 of the Nigerian Content Act, clearly states that all operators and companies operating in the Nigerian oil and gas industry shall employ only Nigerians in their junior and intermediate cadres or any other corresponding grades designated by the operator or the company.

According to the PENGASSAN president, all other companies are operating within the rules except Sterling.

"Then again, if you also look at section 32 of the same Act, it clearly stated that for each of the operations,

an operator or project promoter may retain a maximum of 5 percent of management positions and may be approved by the board as expatriate positions to take care of investors' interests.

"But today Sterling has 100 percent expatriate workers. This law says five percent. But today Sterling has 100 percent. The entire management structure of Sterling is manned by Indians.

“But when you come to other companies, when you come to other international oil companies (IOCs), you see, even in some cases, the managing directors of these companies, they are Nigerians," he said

Osifo said the management of the company had exhibited insensitivity to the issues being raised by the association.

"Why are Nigerian institutions not acting? Why are the ministries not acting? Why is government tossing? Why are they allowing Sterling to be flagrantly abusing our laws?

adopting gas as the transition fuel of choice especially as the global discussion of energy sustainability gathers momentum.

“It is gratifying to observe that the joint venture has made significant strides in complying with the provisions of the Petroleum Industry Act (PIA), 2021 particularly your establishment of the distinct midstream entity First Otakikpo Midstream Limited (FOML), to manage the gas business.”

The Minister who assured that the present administration would remain committed to supporting the JV’s aspirations as they continue to expand their investment blueprint within Nigerian gas sector, said, “Another remarkable and commendable milestone worthy of recognition is the development of the 20 megawatts gas to power generation plant which I understand is being deployed to support your rapidly expanding field operations”.

Ekpo stressed that the excess power generated from the power plant would be made available to local industries through the establishment of an industrial park targeting agro-allied ventures, small and medium scale enterprises and the surrounding communities.

Commending the youths of the area for their peaceful disposition while the project was ongoing, said “I am confident that this initiative would stimulate economic activity in the region and significantly improve the standard of living for the host communities.”

In his address, Chairman, Green Energy International Limited, Operator of Otakikpo field, Prof. Anthony Adegbulugbe, explained that the inauguration of the twin projects was the realisation of the firm’s commitment to the federal government to implement a pilot project of the World Bank Gas Flares Reduction Programme (GFRP), based on Small Scale Gas Utilisation

Programme (SSGUP). He explained that their idea was to provide a unique model that ensures oil exploration from the field that not only eliminates gas flares but ensures that the associated gas was monetised through utilisation for domestic gas, power generation and other products in the value chain for the economic advancement of the host communities and the nation generally Adegbulugbe who stated that the field was awarded to Green Energy International Ltd in 2014 by the federal government, disclosed that the project suffered over 20 months of setback with the COVID-19 pandemic which shut down the entire world.

“But by the grace of God, the Joint Venture undaunted by the unexpected set back at a huge cost overrun, rebounded, and by January last year, we started a test run. At completion, the two projects cost the JV over $60million,” he added. Explaining further that the installation and operations of the plant have been implemented 100 percent by Nigeria young men and women who cut across a wide spectrum of professional backgrounds with significant numbers from the Niger Delta and Host communities, the Green Energy boss said, “The workforce are managed by a set of world-class professionals at the board and management levels.” He however, appreciated the cooperation of the Technical Partner Lekoil, led by the Chief Executive Officer, Mr Olalekan Akinyanmi, saying “Upon entering into a partnership with us, the company aligned with our vision, and we have jointly achieved this successful outcome.”

Also in his remarks, the Lekoil boss, Mr. Olalekan Akinyanmi said the event marked a significant milestone not just for Lekoil and Green Energy International but for Nigeria's energy future.

L-R--

Olukayode Olubiyi; Regional Head, Lagos & West Bank, UBA, Beatrice Akpan; Group Head, Retail and Digital Banking, UBA, Shamsideen Fashola; and Head, Cards, UBA, Joachim Iloemezue during the launch Afrigo Card by the Bank at UBA House, Marina, Lagos on Tuesday.

IN THE FEDERAL HIGH COURT IN THE LAGOS JUDICIAL DIVISION HOLDEN AT LAGOS

IN THE MATTER OF ADMINISTRATION OF CENTURY ENERGY SERVICES LIMITED (IN ADMINISTRATION) AND IN THE MATTER OF SECTION 450 OF THE COMPANIES AND ALLIED MATTERS ACT, 2020

BETWEEN

INTREPID OFFSHORE CONSTRUCTION INC APPLICANT (IN RECEIVERSHIP) AND

CENTURY ENERGY SERVICES LIMITED RESPONDENT (IN ADMINISTRATION)

NOTICE OF APPOINTMENT OF ADMINISTRATOR

RE: CENTURY ENERGY SERVICES LIMITED (IN ADMINISTRATION)

NOTICE is hereby given that:

1. The assets, properties, funds, businesses, and affairs of Century Energy Services Limited (the “Company in Administration”) (including the performance of any contract of the Company in Administration with any person- natural or juristic) are in Administration th pursuant to the Order of the Federal High Court, Lagos made on 28 February, 2025 by Hon. Justice L. Allagoa in the Suit captioned above.

2. Pursuant to the said Order of the Honourable Court, Amala Umeike Esq. of Stren & Blan Partners of 3 Theophilus Orji, Lekki Phase 1, Lagos State, a duly licensed Insolvency Practitioner, has been appointed as the Administrator of the Company in Administration.

3. The Notification of the Order of the Honourable Court and other relevant notices have been given to the Corporate Affairs Commission.

TAKE FURTHER NOTICE THAT BY REASON OF THE ADMINISTRATION OF CENTURY ENERGY SERVICES LIMITED:

4. The Administrator is now vested with the properties of the Company in Administration and manages its assets and affairs.

5. All debtors of the Company in Administration are to pay directly to the Administrator

6. All third parties including but not limited to financial institutions, bankers, Government agencies, companies, and any other person(s) whether natural or artificial are to kindly deal and cooperate with the Administrator in accordance with due process of the law regarding any matter concerning the Company in Administration.

7 All officers, servants, proxies, subsidiaries, privies and/or agents of the Company in Administration who are in custody of any assets of the company are directed to surrender same to the Administrator at his practice office at No 3 Theophilus Orji Street, off Fola Osibo Road, Lekki Phase 1, Lagos State, otherwise, the Administrator shall apply to the Court for appropriate enforcement proceedings to recover the assets.

8. All creditors of the Company are to send their proof of claims to the Administrator either by dropping it off at his aforementioned practice office or by emailing the same to within 7 days of this publication for verification and further action, if amalaumeike@strenandblan.com any

9. The Directors, principal officers, and secretary of the Company in Administration are required to prepare and deliver to the Administrator within 11 days of the Publication of this Notice, a Comprehensive Statement of Affairs of the Company in Administration.

DISCLAIMER: Notice is hereby further given to the public that if after this publication, any creditor fails to send his/her proof of claim to the Administrator, the Administrator has no obligation to any such creditor, and he shall deem such failure as a waiver

Amala Umeike, Esq.

The Administrator, CENTURY ENERGY SERVICES LIMITED (In Administration) Stren & Blan Partners

3 Theophilus Orji Street, Off Fola Osibo Road, Lekki Phase 1, Lagos. amalaumeike@strenandblan.com

1. INTRODUCTION:

Chevron Nigeria Limited (CNL) Operator of NNPCL/CNL Joint Venture, invites interested and prequalified service providers for this tender opportunity for the Provision of Electric Line Through Tubing Services, at company's operational areas. The proposed award strategy is multiple contracts of five (5) years term with an option of two (2) year extension.

2. SCOPE OF WORK:

The scope of work for the services includes but not limited to the following:

 Through-tubing perforation services (must have the ability to perforate through short string completion with orientating capabilities / tools).

 Through-tubing plug back services using cement and plugs.

 Production logging and hydrocarbon saturation log.

 Gyro surveys.

 Other electric line type services.

3. MANDATORY TENDER REQUIREMENTS:

 To be eligible for this tender exercise, interested bidders are required to be pre-qualified and 'live' in 3.04.09 (Electrical Logging/Calibration Services) category in NipeX Joint Qualification System (NJQS) database. All successfully prequalified suppliers in this category by the advert close date will receive invitation to submit Technical and Commercial Tender (ITT).

 To confirm if you are pre-qualified and view the product/service category you are listed for: Open www vendors.nipex-ng.com and access NJQS with your company log in details. Click on Products/Services tab to view your status and product codes.

 If you are not listed in this product service category and you are registered with NUPRC to do business for this category, please contact NipeX office at 27B, Oyinkan Abayomi Drive, Ikoyi Lagos with your NUPRC certificate as evidence for verification and necessary update

 To initiate the JQS prequalification process, please access www.nipex-ng.com, click on services tab followed by NJQS registration.

 To be eligible, all tenders must comply with Nigerian Content requirements in the NipeX system.

4. NIGERIAN CONTENT REQUIREMENTS:

Chevron Nigeria Limited is committed to the development of the Nigerian Oil and Gas business in observance with the Nigerian Oil and Gas Industry Content Development Act 2010 (NOGICD Act) enacted by the Federal Government of Nigeria in April 2010

Pursuant to enactment of the NOGICD Act, the minimum Nigerian Content in any project, service or product specification to be executed in the Nigerian Oil and Gas Industry shall be consistent with the level set in the schedule of the Act and any other target as may be directed by the Nigerian Content Development and Monitoring Board (NCDMB).

Contractors shall comply with the provisions of the NOGICD Act and all applicable regulations. Bidders that do not meet the

Nigerian Content criterion will not be allowed to participate in next Tender Stage

The following are the Nigerian Content requirements bidders are expected to comply with in their technical bid submission:

 Tenderer shall demonstrate that entity is a Nigerian-registered company with 51% or more shareholding capacity. Submit certified true copies of CAC forms 10, 02 & 07 (or its equivalent; CAC 2.3, 2.4, 2.5, etc.). Tenderer shall provide evidence of registration with the NCDMB NOGIC JQS and NUPRC.

 Provide evidence of what percentage of 1) your key management positions is held by Nigerians and 2) what percentage of the total work force are Nigerians; show overall percentage of work to be performed by Nigerian resources relative to total work volume

 In line with the NCD Human Capacity Development Initiative, Tenderer shall commit to providing Project-Specific training, manhour, budget, skill development and understudy plan for Nigerian personnel utilizing OGTAN registered trainer(s) or other approved NCDMB training institution(s).

 Location of in-country facilities, (Equipment, Storage, Workshops, repair & maintenance facilities and testing facilities).

 Bidders shall provide evidence of Category 1,2,3,4 or 5 Support Services (SS) Group NCEC to demonstrate capacity and capability in executing the work scope

Non-Compliance with Nigerian Content requirements is a Fatal Flaw

5. CLOSING DATE:

Only tenderers who are pre-qualified and 'live' with NJQS Product/Category 3.04.09 (Electrical Logging/Calibration Services) category by 16:00 Hours, April 1, 2025 being the advert close date shall be invited to submit technical bid.

Additional Information:

 Suppliers eligible for this tender opportunity are expected to be pre-qualified in NJQS under this product/service categories.

 The Invitation to Tender (ITT) and any further progression of this tender shall be via NipeX.

 All costs incurred in preparing and processing NJQS prequalification shall be solely to the bidders' accounts.

 This advertisement shall neither be construed as any form of commitment on the part of CNL to award any contract to any company and or associated companies, sub-contractors or agents, nor shall it entitle pre-qualified companies to make any claims whatsoever, and/or seek any indemnity from CNL and or any of its partners or affiliates by virtue of such companies having been prequalified in NJQS.

 The tendering process shall be the NNPC contracting process requiring pre-qualified companies to submit technical tenders first. Following a technical review, only technically and financially qualified bidders will be requested to submit commercial tenders.

 CNL will communicate only with authorized officers of the prequalifying companies and NOT through individuals or Agents.

PUBLIC NOTICE

RE: SUIT NO: FHC/L/CS/355/2025 INTREPID OFFSHORE CONSTRUCTION INC. (IN RECEIVERSHIP) V CENTURY ENERGY SERVICES LIMITED

Please take notice that the claims and publication by Intrepid Offshore Construction Inc. asserting that Century Energy Services Limited now belongs to Intrepid Offshore Construction Inc. are false and misleading.

We wish to highlight the following critical points regarding this matter:

Subjudice Matters : The exparte court order relied upon by Intrepid Offshore Construction Inc. is currently being challenged at the Federal High Court, Lagos Division. It is important to note that this matter is pending in two courts : The Rivers State High Court in Isiokpo and the Federal High Court in Port Harcourt.

Debt Dispute: Century Energy Services Ltd is not indebted to Intrepid Offshore Construction Inc.; rather, it is Intrepid Ltd that are debtors to Century and this issue is being litigated in court actively.

Misrepresentation

and Suppression of Facts:

Intrepid Offshore Construction Inc. has lied and suppressed critical information and facts in its submissions to the court, which warranted the issuance of the order.

Judicial Forum Shopping:

Intrepid Offshore Construction Inc. has engaged in judicial forum shopping by seeking orders from the Federal High Court in Lagos concerning a matter that is already pending at the Rivers State High and the Federal High Court in Port -Harcourt where Intrepi d Offshore Construction Inc. itself initiated the lawsuits.

Fraudulent Claims:

We assure our clients and stakeholders that the claims made by Intrepid Offshore Construction Inc. are fraudulent and devoid of merit.

Commitment to Justice:

We have filed an application to vacate the order, and we are committed to rectifying this injustice. There is no cause for alarm; we will ensure that this matter is resolved justly.

We urge the general public to disregard any misleading information dissemi nated by Intrepid Offshore Construction Inc. and its cohorts.

Signed: Management CESL.

Pursuant to the Orders of Court granted on the 17th day of February 2025 in suits no FHC/AB/CS/12/2025 and FHC/AB/CS/13/2025, and on the 25th day of February 2025 in suit no FHC/AB/CS/2/2025 by Hon. Justice A.A. Okeke of the Federal High Court Abeokuta Division, notice is hereby given to the general public that the National Drug Law Enforcement Agency has obtained a Preservation Order of a FORD BUS with Reg. No. LND 247 XC, an Unmarked NISSAN SUNNY vehicle and a SIENNA BUS with Reg. No. BDG 407 CQ at its Ogun State Command.

TAKE NOTICE that at the expiration of fourteen (14) Days from the date of publication of this order if there are no objections, the Agency will proceed to obtain final forfeiture of the items in question.

Pursuant to the Orders of Court granted on the 26th day of February 2025 in suits no FHC/AB/CS/3/2025 and FHC/AB/CS/4/2025 by Hon. Justice A.A. Okeke of the Federal High Court Abeokuta Division, notice is hereby given to the general public that the National Drug Law Enforcement Agency has obtained a Preservation Order of a FORD EXPLORER VEHICLE with Reg. No BDG 822 BE and a MAZDA VEHICLE with Reg. No AKM 53 XA at its Ogun State Command.

TAKE NOTICE that at the expiration of fourteen (14) Days from the date of publication of this order if there are no objections, the Agency will proceed to obtain final forfeiture of the properties in question.

Acting Group Politics Editor DEJI ELUMOYE

Email: deji.elumoye@thisdaylive.com

08033025611 sms only

Soludo: Three Years of Bumpy Ride in Anambra

David-Chyddy Eleke takes a look at the three years of Prof. Chukwuma soludo as Governor of anambra state and concludes that despite all odds, he has offered transformational leadership.

Last Sunday, Governor Chukwuma Soludo of Anambra State, held a large audience spell bound at the St Patrick’s Cathedral in Awka, the state capital where he celebrated his third anniversary as governor of the state.

For close to two hours, Soludo regaled the audience, which included dignitaries from within and outside the state with some of the challenges he has encountered as governor, and the many achievements he has registered since his ascension to office on March 17, 2022, and what lays ahead for the state as he wraps up his first four-year term.

Soludo’s three years in office has been laced with challenges, and the biggest of them has been threats of insecurity in the state. The governor ascended to the governorship seat at a time when the state was at its peak in insecurity. This was occasioned by separatist elements who formed a parallel government in the state, seizing many towns in about eight local government areas of the state. The threats were so high that during the 2021 governorship election, not even the party in power, using the paraphernalia of office could campaign in some of the seized local government areas. In some places where some political parties dared to campaign, they had to pay, to buy peace as far as the political rallies lasted.

The governor had quickly gone to work, and tackled this, but not long after he had reclaimed the seized local council areas than a new wave of crime hit the state. In the renewed wave, cultism, killing, kidnapping, car snatching became so rampant that it was difficult to truly report all such cases in the state in one day. Even though the governor prided himself as performing wonders in the area of infrastructure, the level of violence in the state almost permanently cast a slur on all his achievements, until recently when he woke up again. Seeking to tackle the insecurity in the state through its root cause, Soludo signed the Anambra Homeland Security Law into operation, which created a new security outfit, Agunechemba, and also a security operation, Operation Udo Ga Achi, which encompasses all the known security agencies operating in the state, all working with operatives of Agunechemba.

Beyond that, the homeland security law touched salient points that have direct nexus with the criminality in the state. For example, the law criminalized native doctors who prepare protective charms for criminals, and those who prepare get-rich-quick charms. Also, it sought for communities to know aliens who reside within them, and also be sure of their occupation and identity, among others. So far, insecurity in the state today has become past news as normalcy has again returned. With insecurity solved, Soludo can pride himself as doing wonderfully well in other areas, and of course many political watchers have commended him for plugging a hole that would have been the only campaign topic of opposition parties seeking to remove him from gaining re-election.

Soludo tells whoever cares to listen that his administration seeks to turn Anambra from a departure to an arrival lounge. During his third anniversary thanksgiving mass, he proudly stated that what his administration was doing was to build an Anambra that only an Anambra man who wishes to live outside as a matter of choice will do so, but not because there are no opportunities for them in the state.

True to his words, in three years, the governor prides himself as having performed so much. Like an inventor who is proud of his invention, Soludo has been sponsoring groups and individuals who visit the state to his projects in the last three years. These projects include about 700 kilometers of roads all scattered around the 179 communities in the state. The governor has also built bridges, flyovers, the new Government Gouse and Governor’s Lodge, the solution fun city, five general hospitals, employed thousand of teachers and medical doctors, just to mention a few.

There have been pockets of disagreements

over the performance of the governor in the last three years. These are mainly coming from opposition politicians who taunt Soludo as talking more than he is capable of delivering. For example, almost all the seven governorship aspirants of the All Progressives Congress (APC), and four in the Labour Party have at one point or the other picked holes in the governor’s performance.

While security used to be the major topic in discrediting Soludo, but with the new efforts in the area, the topic has shifted to the governor’s verbose nature, his high sounding grammar, his inability to give the Dubai-Taiwan which he promised the state, or running a government that claims knowledge of everything and arrogates know it all to themselves. Infact, opposition politicians believe that as the governorship election draws near, Anambra people will vote out Soludo for underperformance.

But on the other hand, several private individuals and groups who have visited the state and had the opportunity of touring the governor’s projects insisted that he has performed

more than expected. Former Secretary General of Commonwealth, and an elder statesman in the state, Chief Emeka Anyaoku, after inspecting the new Anambra Government House proclaimed it to be the very best in the country and favourably competes with the Aso Rock Presidential villa. Anyaoku who was taken on a tour of the project could not hide his amazement as he stated that: “This is a mini-city”.

Also, the National Chairman of the InterParty Advisory Council (IPAC), Alhaji Yusuf Dantalle, who was also in the state and inspected Governor Soludo’s projects described him as a “wizard”. Dantalle said: “I’m impressed by the level of development in the state. Governor Soludo is a wizard!”

On his part, Bishop of Sokoto Catholic Diocese, Bishop Hassan Matthew Kukah, a known critic who does not shy away from speaking his mind, was also in Anambra during the third year anniversary celebration of the governor and had the opportunity of touring few of the governor’s projects. Speaking at a thanksgiving mass at St Patrick’s Cathedral, Awka, Kukah admonished Soludo not to strive to compete with anyone as he has already broken records. He rather urged him to compete with his own self, and work at his own pace, not to outdo

While security used to be the major topic in discrediting soludo, but with the new efforts in the area, the topic has shifted to the governor’s verbose nature, his high sounding grammar, his inability to give the Dubai-Taiwan which he promised the state, or running a government that claims knowledge of everything and arrogates know it all to themselves. Infact, opposition politicians believe that as the governorship election draws near, Anambra people will vote out soludo for underperformance.

anyone, but to satisfy his conscience about what he intends to achieve in the state.

Kukah said: “I am happy that you are consolidating on the achievements of the greatness of your people and the past leaders of the state. Please I wish to urge you to complete with yourself and don’t try to compete with anyone and don’t try to break other people’s record but break your own record. Anambra State is special because this is a state that has been growing and improving from stage to stage and this is a state where former Governor Chris Ngige said his opponents are campaigning on the roads that he constructed.

“Former Governor Peter Obi came and brought Anambra state from the 22nd position to the first position in terms of education and Former Governor Wille Obiano gave Anambra state a wonderful Airport and today you Governor Charles Soludo has given Anambra State a beautiful and befitting Government House and a Fun City. All those achievements you have made so far in the past three years without taking loans is commendable and you did not take the loan because you know the consequences of taking loans. There are some governors that kept taking loans and would continue to take loans and in my state Kaduna, I don’t know how many years it would take us to pay back those loans,” he said.

Even though 2025 is an election year for Anambra state, Soludo does not seem to be ruffled as he believed he has done well enough to merit the nod of Anambra people for a reelection. Speaking with a team of journalists on national television in a programme to mark his third anniversary, answering a question about why he has not declared his intention to seek re-election, despite the frenzy coming from other political parties, Soludo said: “I am still in my first term, and I have one year ahead of me. For me, it is work, work and work. I told Anambra people that every penny they put in our hands, we will show them what we used it for. We will continue to work until the very last day.

“To answer your question, I will say yes, if my party nominates me for a second term, I will now seek the consent of my employers, who are the people. If they employ me for another tenure, I will continue to work for them. God has a reason for making me an Anambra indigene, and I believe this is the time for me to use this position to give back to the people. I have consulted for more than 25 foreign agencies. Which foreign financial organisation can you name, I have consulted for all of them. We want to now work for our people, that is why we are building Anambra into a mega smart city, and I must say that we are doing all these without borrowing a dime. We are the only state that pulled out of a World Bank loan. We came in and looked at the terms and it wasn’t favourable for us and we left it. We have also declined several others. Get me right, borrowing is not a bad thing on it’s own, but if we are borrowing, we must invest it in a project that can pay back on its own. For example, we have drawn the Anambra rail master plan. When we are ready for that, we can consider a loan if we think it can repay it.”

On the argument that he has not been giving out money as politicians are wont to do, Soludo said: “It is counterproductive to be giving out money to people, it is not sustainable. We have roads that we have constructed and shuttle bus drivers have come to thank us because unlike before when they were always spending money at mechanics, the money is now in their pockets. Parents now have money back in their pocket with the truly free education policy we have in the state. Our free antenatal and post natal policy has also put money back in the pockets of those who would have spent money for such services. That is what we call empowerment and not just throwing money about.”

As the governor begins his fourth year journey and possible re-election, he promised not to relent in ensuring that he meets his promise to the people. According to him, “Anambra ain’t seen nothing yet”.

soludo

Kayode Tokede

Seplat Energy Plc, and 15 other companies tax payment to Federal Inland Revenue Service (FIRS) and other revenue collecting agencies in Nigeria, other African countries tripled to N1.01 trillion in 2024, amid significant increase in revenue generation by listed companies on the Nigerian Exchange Limited (NGX).

The N1.01 trillion tax payment is about 191.3 per cent increase over N345.15 billion reported in the 2023 financial year.

Despite challenges and reforms in Nigeria’s economy, most of these companies were able to grow their revenue.

In Nigeria, companies are required by law to remit tax income to state, federal government agencies, among other agencies where they operate.

The FIRS is Nigeria’s agency responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government of Nigeria.

Aside from paying the statutory

rate of 30 per cent of total profit as the company’s income tax, companies operating in Nigeria are meant to pay Tertiary Education Tax, National Information Technology Development Agency (NITDA) Tax and Nigeria Police Trust Fund Levy.

The tertiary education tax is imposed on every Nigerian company at the rate of 2.5 per cent of the assessable profit for each year of assessment, while the Act that established the Nigeria Police Trust Fund was meant to receive funds from a levy of 0.005 per cent of the net profit of companies operating a business in Nigeria and other various sources, which is utilised for the training and welfare of personnel of the Nigeria Police Force.

Analysis of the companies’ 2024 result and accounts posted on NGX, showed that Seplat Energy Plc paid the highest tax of all listed companies, followed by Dangote Cement Plc and MTN Nigeria Communication Plc.

In its latest result and accounts, Seplat which is listed on both the Nigerian Exchange and the London

Stock Exchange (LSE) declared N347.18 billion tax expenses IN 2024, about 685 per cent increase over N44.21 billion reported in 2023.

The company in the 2024 result and accounts said, “The Income tax expense is recognised based on management’s estimate of the weighted average effective annual income tax rate expected for the full financial year.”

According to Seplat Energy, the annual tax rate used for the year ended 2024FY is 85per cent for crude oil activities and 30per cent for gas activities.

“As at 31 December 2023, the applicable tax rate was 85per cent and 30per cent respectively. The effective tax rate for the period was 62per cent (2023: 35per cent),” the company added.

Seplat Energy in the last five years has paid a sum of N459.62 billion as tax to government agencies, among others.

Dangote Cement in the year under review paid N229.29 billion as tax to revenue generating agencies, about

135per cent increase over N97.5 billion reported in 2023.

The cement maker in its results disclosed that, “The income tax rate of 30per cent was used for the company income tax computation as established by the tax legislation of Nigeria effective in 2024 and 2023.

“Among others, the income tax rate in South Africa is 28 per cent, in Congo, 28 per cent, in Cameroon, 38.5 per cent, 25 per cent in Ghana, 25 per cent in Sierra Leone and 30 per cent in Zambia.”

Recently, Dangote Industries Limited, (Dangote Group), and its subsidiaries disclosed that it paid over N402.32 billion in taxes in 2024, making it the highest taxpayer in the country.

Dangote Industries Limited (DIL) and its subsidiaries, namely: Dangote Cement, NASCON, Dangote Packaging Limited among others, remitted a total of N402.32 billion for the out-gone year as taxes as responsible business enterprises.

Chief Branding and Communication Officer, Dangote

Group, Mr. Anthony Chiejina had explained that DIL and its subsidiaries have never shied away from its obligations either to the government in the form of tax payment at all levels or to host communities in the form of Corporate Social Responsibility (CSR).

According to him, the Group’s corporate strategy has evolved just as its businesses have grown, matured and diversified into new sectors and regions over the last four decades, noting that Dangote Group has almost single-handedly taken Nigeria to self-sufficiency in cement and refined petroleum products and is expanding rapidly across Africa.

In addition, MTN Nigeria’s tax expenses stood at N149.89 billion in 2024, representing an increase of 266.79 per cent from N40.87 billion in 2023.

The recent tax reforms in Nigeria include several significant bills introduced by President Bola Ahmed Tinubu in October 2024, aimed at

overhauling the country’s tax system. Part of the key components of these reforms include: The Nigeria Tax Bill 2024, which seeks to harmonize major taxes such as corporate income tax, personal income tax, and value-added tax; the Tax Reform Bill, which aims to enhance revenue generation by addressing gaps in current tax regulations and is expected to impact businesses and individuals significantly. Additional bills include the Tax Administration Bill and the Nigeria Revenue Service Establishment Bill, which aim to provide a clearer legal framework for tax administration. Notably, the value-added tax (VAT) rate was retained at 7.5per cent, despite earlier proposals to increase it to 15per cent.

The House of Representatives passed four tax reform bills that were initially proposed in October 2024.

The Business Expectation Survey (BES) for February 2025, released by the Central Bank of Nigeria (CBN), has showed that businesses remain optimistic about the macroeconomic environment, with a strong expectation that the naira will appreciate in the coming months.

According to the survey, respondent firms foresee a stable and strengthening exchange rate in both the short and medium term. This positive outlook is driven by factors

such as improved foreign exchange inflows, tighter monetary policies, and growing investor confidence in Nigeria’s economic recovery.

CBN stated: “Respondent firms expect the Naira to appreciate across all the review periods. They also anticipate that the borrowing rate will rise across all the review periods.”

The confidence index (CI) for the macro economy also reflected this sentiment, with businesses across all sectors—industry, services, agriculture, and construction expressing optimism about

economic prospects. The industry sector recorded the highest level of confidence, reflecting positive expectations in manufacturing and trade.

The survey suggested that businesses are reacting positively to recent government and CBN measures aimed at stabilising the foreign exchange market. Increased dollar supply through remittances, export earnings, and external financing support are expected to boost forex liquidity and ease pressure on the naira.

CBN added: “The overall confidence index (CI) on the macroeconomy indicated that businesses were optimistic in February 2025.”

Despite the optimistic exchange rate outlook, businesses highlighted concerns over rising borrowing costs. The report indicated that firms expect interest rates to increase further in both the short and long term.

While businesses remain optimistic, the CBN Consumer Expectation Survey for February 2025 paints a different picture for

households. Consumer confidence remains in negative territory, though slightly improved compared to the previous month.

The CBN added: “The general Consumer Outlook shows a reduction in pessimism for February 2025 compared to the previous month.

This shift is linked to consumers’ perceptions regarding their family income, economic condition, and family financial situation.

Households continue to expect higher costs for essential goods and services, including rent,

electricity, telecommunications, and transportation.”

The survey suggested that businesses remain confident about economic stability, expecting continued exchange rate appreciation in the coming months adding, “However, rising borrowing costs and structural challenges such as insecurity and power supply remain areas of concern. In general, survey participants feel that prices for household items, including durable and non-durable goods, are currently elevated.”

Nume Ekeghe

PenCom Strategises to Eradicate Delays in Payment

The National Pension Commission (PenCom), said it has strategised to eradicate unnecessary delays to payment of pension benefits to pensioners by Pension Fund Administrators (PFAs) and Life Insurance Companies.

In a circular signed by the Head, Surveillance Department, PenCom Abdulrahman Saleem, with reference number PenCom/ lNSP/Surv/2025/Aut/451, with the title, “Approval of Benefits to Holders of Retirement Savings Accounts by Licensed Pension Operators,” and sent to all licensed pension fund operators, it noted that effective from June 1, 2025, it would no longer approve or grant “No Objections” to some benefits applications before the PFAs

process them for payments.

According to PenCom, the benefits applicable are: Programmed Withdrawal; Retire Life Annuity; Access to Benefits upon Temporary Loss of Employment; En-Bloc Payments to retirees whose RSA balances cannot provide a reasonable pension; PrePension Reform Act benefits payments to retirees in the private sector; Voluntary Contributions; Payments to RSA holders towards payment of equity contributions for residential mortgages; Payment of Nigeria Social Insurance Trust Fund (NSITF) Contributions to retirees whose NSITF contributions were transferred to their RSAs; changes in the periodicity of pension payments; Resolution of Errors from employers’

remittances of pension contributions for private sector and Self-funding Agencies; and Refunds to persons exempted

from participating in the CPS by the PRA 2014. PenCom said the processing, approval and payment of the

above requests, “shall be concluded by the PFA within two working days” after completing the necessary

L-R; Managing Director, Savannah, Nigeria, Pade Durotoye; and Managing Director, Sinopec International Petroleum and Exploration Nigeria Limited, Dejun “David” Xu, during the SIPEC Acquisition signing ceremony in Lagos… recently

documentations and instructing the appointed PFC to effect payment, with the Commission in copy.”

Stanbic IBTC Pension Managers Renovates

Ebere Nwoji

Pension Fund Administrative giant, Stanbic IBTC Pension Managers, recently extended its Social responsibility gestures to the Government Day Secondary School, Akampka, Cross River State through the renovation of its structures to create a conducive learning environment for the students.

The school, which serves 850

School in Cross River State

students and 40 staff members from six local communities, has undergone substantial improvements to foster a conducive learning environment.

Speaking on the project, the Chief Executive Officer of Stanbic IBTC Pension Managers. Olumide Oyetan, said the extensive renovation addressed critical infrastructure issues, including the refurbishment of three classroom blocks; the provision

IWD: emPLE Insurance to Provide Security for Women-owned Businesses

Ebere Nwoji

Insurance underwriter, emPLE

Insurance, recently launched a new business protection campaign for Women business owners tagged, “Empower HER,” campaign.

The underwriting firm said the campaign was targeted at providing protection to business women with shops in various markets across the country against the unforeseen.

The initiative according to the underwriting firm aims to provide financial security for

women-owned businesses and enterprises, which is vital to sustaining the country’s local markets.

emPLE said the initiative was its special gifts to business women in Nigeria in celebration of this year’s international Women’s Day with the theme, “Accelerate Action.”

With the campaign, emPLE said it was offering free 1-year ShopProtect insurance to female entrepreneurs, ensuring that their businesses remain protected against unforeseen risks.

“The policy, ShopProtect is

designed for business owners with shops, offering accessible and affordable coverage that guarantees stability in times of uncertainty.

According to emPLE, with risks like fire and theft posing constant threats, ShopProtect provides a vital safety net, allowing these women to focus on growth confidently.

Speaking on the initiative, Chief Marketing Officer, emPLE, Labisi Adesokan, emphasised the company’s commitment to empowering women in business:

“Female entrepreneurs are the backbone of our economy, yet

many operate without a safety net. Through the ‘Empower HER’ campaign, we are taking real action to support them because protecting their businesses means protecting their future. ShopProtect is more than insurance; it’s a promise of stability and confidence in the face of uncertainty.”

She said the “Empower HER” campaign underscored emPLE’s commitment to financial inclusion and security, reinforcing its role in supporting small businesses and driving long-term economic resilience.

Invest Africa Summit to Spur Diasporans Investment in Real Estate

With real estate contributing over 5 percent to the nation’s gross domestic product, organiser of the 2025 Invest Africa submit has said the forthcoming programme is aimed at spurring investment appetite for diasporans Investment into Africa’s real estate sector. For them the Summit which would help unlock opportunities and create pathways for Africans in the diaspora and beyond to

participate in Africa’s booming real estate market to reshape investment narrative.

Speaking at a press conference to unveil the plans for the summit, the convener, Dr. Kennedy Okonkwo, said that the event would redefine Africa’s investment landscape.

According to him, “That is why we have the officials of different strategic ministries from the Lagos State government attending this Summit where they

will be brought face to face with diasporans who are interested in investing into the real estate sector.

“I urge investors, developers, financial institutions, and policymakers to seize this opportunity to collaborate, innovate, and drive long-term prosperity. Africa’s real estate sector is on an upward trajectory, and together, we can shape the future of investment on the continent.”

The event organised by

Nedcomoaks group, according to the Managing Director/ CEO of Haven Homes, Ufuoma Ilesanmi, is a strategic movement to elevate investment standards in the industry.

She maintained that at a time when real estate contributes over five percent to Nigeria’s GDP, its significance cannot be overstated. She also maintained that the sector remains a major driver of economic growth, job creation, and infrastructure development.

of new classroom furniture; and the upgrading of toilet facilities to ensure an effective sewage system.

The PFA also erected a reliable water supply system in the school to significantly enhance the overall educational experience for both students and staff.

“This project represents a significant investment in the educational landscape of Akampka, investing in the education and well-being of our youth is not merely an obligation; it is a powerful opportunity to cultivate hope and bring about meaningful changes within our communities.

By revitalising institutions like Government Day Secondary School, we are tackling

immediate challenges while laying the groundwork for a brighter future.” Oyetan said. He explained that the condition of the school’s classrooms and facilities necessitated the urgent intervention from Stanbic IBTC Pension Managers, who stepped in to ensure that educational progress of the children in the community was no longer hindered. According to him, in addition to restoring essential infrastructure, the renovation project taken on by the organisation also provided long-term value to the surrounding communities, inspiring them to invest in educational development.

First City Monument Bank (FCMB) is driving entrepreneurial growth across Nigeria through its Business Empowerment Sustainability and Training (BEST) masterclass program, which traversed the Southeast, South-South, and parts of Northern Nigeria.

The program empowers startups and existing entrepreneurs with essential skills and capabilities to scale and sustain their businesses for long-term success.

Building on this momentum, FCMB will launch the next phase of the BEST masterclass program, scheduled for this month in Ogun, Oyo, Kwara, Osun, and Ondo States.

Commenting on the initiative, Managing Director of FCMB, Yemisi Edun in a statement said,

“We are building sustainable business success in Nigerian communities by closing entrepreneurial gaps. This will drive innovation, growth, competitiveness, job creation, and long-term economic health.”

Divisional Head and Senior Vice President of Business Banking at FCMB, George Ogbonnaya, highlighted the bank’s dedication to empowering SMEs.

“Our BEST masterclass is a strategic intervention, providing SMEs with the essential skills and resources to navigate and excel in a dynamic market,” he said.

Ogbonnaya concluded, “We are bridging the capacity gap, opening market access, and intend to deliver tailored financial solutions that will empower entrepreneurs in Ogun, Oyo, Osun, Kwara, and Ondo states to achieve lasting prosperity.”

Oluchi Chibuzor

Ebere Nwoji

Kayode Tokede

Understanding Financial Reporting Council of Nigeria’s Role in Enhancing Nigerian Economy

Donatus Eleko

The Financial Reporting Council (FRC) of Nigeria has served as a cornerstone in Nigeria’s economic landscape and continues to champion transparency, accountability, and good corporate governance. As the regulatory body responsible for overseeing financial reporting and corporate governance standards, the Council plays a pivotal role in fostering investor confidence, promoting economic stability, and driving sustainable growth.

The Financial Reporting Council of Nigeria was established to develop, enforce, and promote compliance with financial reporting (accounting, auditing, valuation & actuarial), corporate governance, and sustainability reporting standards in Nigeria. Its functions, as outlined in the FRCN Act 2011 (as amended), are designed to ensure that public interest entities (PIEs) adhere to international best practices, thereby safeguarding the interests of investors, stakeholders, as well as the general public. By publishing globally aligned standards and enforcing their compliance, it directly provides a foundation upon which good governance, both in public and private organisations, can be attained. By promoting transparency and accountability, the Council has significantly contributed to Nigeria’s economic development through the quality of financial statements that come out of Nigeria while also protecting the interest of local and foreign investors.

The Council’s activities are not merely regulatory; they are transformative. By promoting transparency and accountability, the Council has significantly contributed to Nigeria’s economic development in several ways. For one, transparent and reliable financial statements make Nigeria an attractive destination for international investors, increasing capital inflows into the country. High-quality financial reporting and robust corporate governance standards also enhance Nigeria’s reputation in the global market, driving economic growth and creating jobs. By enforcing compliance with financial reporting standards, FRC mitigates the risk of financial malpractices, ensuring a stable and predictable business environment. Additionally, the Council’s focus on good corporate governance

encourages businesses to adopt sustainable practices, contributing to long-term economic and social development. These efforts not only boost the confidence of investors but also position Nigeria as a more attractive investment destination on the global stage. As a regulatory body, FRC is mandated to implement the provisions of the law as passed

“The Council’s activities are not merely regulatory; they are transformative. By promoting transparency and accountability, the Council has significantly contributed to Nigeria’s economic development in several ways. For one, transparent and reliable financial statements make Nigeria an attractive destination for international investors, increasing capital inflows into the country. Highquality financial reporting and robust corporate governance standards also enhance Nigeria’s reputation in the global market, driving economic growth and creating jobs. By enforcing compliance with financial reporting standards, FRC mitigates the risk of financial malpractices, ensuring a stable and predictable business environment. Additionally, the Council’s focus on good corporate governance encourages businesses to adopt sustainable practices, contributing to long-term economic and social development.”

by the legislature. Under the leadership of Dr. Rabiu Olowo, the Executive Secretary/CEO of FRC, the Council is poised to take its true form as an independent regulator that serves the greater public interest. Dr. Olowo’s commitment to enhancing the Council’s capacity to monitor and enforce compliance with financial reporting and corporate governance standards reflects

his determination to build on the Council’s legacy.

The Financial Reporting Council of Nigeria remains steadfast in its commitment to enhancing the Nigerian economy through transparency, accountability, and good governance. As Nigeria continues to navigate its economic journey, FRC Nigeria will remain a key player in building a prosperous future for all.

Midea: Making Waves in Households Appliances

home appliances, in order to showcase its current brands basically

country in

It was an evening of ‘must exchange’ business contacts and engaging in new business partnership. Thanks to Midea, that hosted its 2025 dealers conference, on March 7, 2025 in Port Harcourt. The purpose of the gathering was to introduce an innovative range of smart and energy efficient products to its distinguished dealers in the capital city of Rivers State. The event was designed to showcase the brand’s ‘surprisingly friendly’ appliances that are specially curated to enhance the everyday lives of Nigerian households. The line-up of products included Standing, Split and Cassette Air Conditioners, Refrigerators, Water Heaters, Top Load and Front Load Washing Machines, and Cooking Appliances which included, Built-in Ovens, Hobs and Hoods, Microwave Ovens, Air Fryers, Blenders, and Kettles, all engineered to deliver superior performance, durability, and affordability, while seamlessly adapting to Nigeria’s unique environmental conditions.

Executive, management team of Midea and major partners were fully present at the conference hosted at one of trending hotels in Rivers, J’s Signature. The serene environment and classical look of the venue made the event more colourful, also the display of the products which are durable, affordable and well designed kept the dealers talking, while some of the dealers had closer look at the exhibited products in the hall.

Addressing the over 75 dealers that came from across Asaba, Benin, Uyo, Calabar, Aba and Port Harcourt for the conference, Regional Director at Midea Africa, Mr Bright Yao, expressed the firm’s dedication to delivering high-quality products that cater to the modern Nigerian household.

Yao who explained that Midea is currently the largest home appliances company globally, said the brand positioning is affordable luxury. He said the company’s range of home appliances is developed based on local consumer insights from Nigeria, adding that the products are not only highly durable and cost-effective but also tailored to meet the evolving needs of families.

He said as consumer needs evolve, Midea is commited to delivering advanced, user-friendly appliances, an effort that reflects its mission to make life more convenient and comfortable for households across Nigeria. Yao said, “We are biggest star home appliance company. We are investing in Nigeria. For Nigeria we have some challenges, but we see more chance. Here (Nigeria) has big population, big market and people are young,

passionate, energetic, they are willing to accept new things with technology. I see our idea as valuable brand, available luxury. We hope our product is available to the consumers in Nigeria. What we do is to invest on our products, design, reduce the cost, provide affordable products for our consumers. We hope to achieve of 30 percent sales growth every year in Nigeria.”

Speaking on challenges the company face in the country, he said, “The currency is a challenge, but now is becoming more enormous stable. You know every market has its challenge, but in business world we should find the chance among all the challenges. In this way you can be successful and keeping vesting. In this market we are also creating jobs opportunities, like our promoters, sales they are more than 100.”

“Our product is designed for Nigeria, like the Unicool. Our Unicool has built in AVS, if you our buy AC, you don’t need to buy another AVS. Also, the voltage has fluctuation, because our supply is not stable, but our AV will run well comfortable because it has inbuilt inverter. Our

designers and engineers live in Nigeria for six months, they study the environment for home appliance, then design this product specifically for Nigeria. No other country is doing this. Our products are very durable and safety assured also. We do thousands of tests to ensure the product is good for consumers”, Yao explained.

In his remarks, Managing Director of Care Global Consumer Ltd Nigeria, Anil Nair who highlighted his company’s strategic alliance with Midea and shared insights into CGCL’s journey, emphasised the immense potential of the Nigerian market. He also underscored Midea’s competitive edge in pricing and quality.

The Channel Development Manager at Midea Nigeria, Okpe Emeka who introduced Midea’s latest air conditioning range, stressed on the energy efficiency features of Midea’s Inverter ACs and the Unicool range.

He noted that the product is specially developed for Nigeria “UNICOOL’s advanced 5-Level GenGear function provides a more refined solution for handling unstable voltage and ensures a consistent

cooling experience even during power outages by operating on generator power.

“It’s wide-voltage protection not only features built-in current protection, eliminating the need for additional AC Voltage Stabilisers but also reduces costs. It helps the unit withstand sudden current impacts, ensuring continuous operation and extending the product’s lifespan. Intelligent dusting rotation and advanced Hyper Graphins technology provide superior dustproofing, sun protection, and anti-corrosion properties, contributing to the product’s durability and effectiveness in challenging environments,” he said.

Midea’s Area Manager for Refrigerators in the MEA region, Jason Zhang, introduced the latest innovations and upcoming line-up of Midea refrigerators, with a special emphasis on the brand’s chest freezer range. He highlighted how Midea’s Chest Freezers deliver up to 10% faster freezing, while the cutting-edge D+ Cooling Technology ensures food remains frozen for up to 120 hours, even during power outages.

Aliamaka Kingsley writes that Midea, a global leader in

produced for Nigerians, engaged major dealers in the market from across the

Port Harcourt, Rivers State

Dr. Rabiu Olowo, Executive Secretary, Financial Reporting Council of Nigeria

A group photograph of the management of Midea and dealers, at the firm’s 2025 dealers conference in Port Harcourt, Rivers State... recently

USPFApplauds ITU,UK-FCDO’s Partnership on Nigerian Rural Connectivity

Emma Okonji

The Secretary of the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), Mr. Yomi Arowosafe, has commended the International Telecommunication Union (ITU) and the United Kingdom Foreign, Commonwealth & Development Office (UK FCDO), for their collaboration with Nigerian

government to deepen rural connectivity for socio-economic development of the country.

Arowosafe gave the commendation at an IndustryFocused Stakeholders Engagement Session which was organised in Lagos over the weekend by the USPF in collaboration with the UK FCDO and the ITU. The session built on USPF’s ongoing efforts to facilitate the achievement of wide

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who attended event with the Permanent Secretary of the Ministry of Communications, Innovations and Digital Economy, Faruk Yabo, spoke on the commitment of President Bola

Dike Onwuamaeze

Tinubu to provide enabling policy directions and initiatives towards ensuring greater connectivity in Nigeria to transform the socioeconomic development of Nigeria.

The Executive Vice Chairman of NCC, Dr. Aminu Maida who was also in attendance, emphasised the commission’s resolve to continue to back all USPF projects through effective regulatory measures that would help in accelerating

deployment of necessary digital infrastructure that supports the achievement of the federal governments’ priority areas and ministerial blueprint.

Speaking at the event, Arowosafe said the engagement reflected the USPF’s shared vision and commitment to expanding inclusive connectivity and that the presence of all other stakeholders at the event underscored the vital role

of collaboration in achieving the goal. He said the theme of the workshop, ‘Fostering Connectivity in Unserved and Underserved Communities: Collaborating for Sustainable Growth’, highlighted government’s dedication to bridging the digital divide, in alignment with NCC’s strategic focus areas, the ministry’s strategic blueprint, and presidential priority areas.

Sanwo-Olu Commissions Transgreen’s Disposable Syringes’ Factory

The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has commissioned the Transgreen Nigeria Limited’s ultra-modern O-Care Disposable Syringes’ factory in Amuwo Odofin, Lagos State.

The factory, whose commissioning yesterday attracted the presence of First Lady of Lagos State, Mrs. Ibijoke Sanwo-Olu, is the first of its kind in Lagos State, and is designed to produce high-quality, sterile syringes that meet international standards.

Sanwo-Olu, who was represented by the Deputy Governor of Lagos State, Mr. Femi Hamzat, highlighted the significance of the project, stating that it represents a critical step towards achieving Lagos State’s vision of becoming a leading hub for industrial innovation and excellence in Africa.

He said: “So, healthcare is one of the pillars of our administration’s development network connectivity coverage in unserved and underserved communities across Nigeria.

agenda. And I am delighted to witness this realisation of this world-class facility, which aligns with our vision for a healthier and more prosperous Lagos State”.

In his welcome address, Managing Director of Transgreen Nigeria Limited, Mr. Cyprian Orakpo, expressed his gratitude to the guests and acknowledged the support of the Lagos State Government, the federal government, and financial institutions in making the project a reality.

Orakpo said: “Today marks a significant milestone in our journey to become a world-class manufacturer of medical consumables.

“We are proud to have taken this bold step towards self-sufficiency in medical device manufacturing, and we are committed to scaling up our operations to meet the healthcare needs of our nation.”

In his goodwill message, the Minister of State for Industry, Senator John Owan Enoh, commended Transgreen Nigeria Limited for its huge investment despite the current economic challenges facing the country.

Enoh said: “I want to encourage the company to collaborate more with the ministry to ensure diversification, creation of jobs and ensure patronage of locally manufactured syringes and needles.”

The Honorable Minister of Health, Professor Muhammed Ali Pate, who was represented by Dr. Abdul Muktar, described the facility as the first of its kind in Lagos State, noting that it marked a significant milestone in the collective efforts to enhance healthcare delivery in Nigeria.

Muktar said: “I am wearing double hat today as the representative of Hon Minister of Health and as the National Coordinator of the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC).”

In her goodwill message, The Director General of National Agency for Food and Drug Administration and Control (NAFDAC), Professor Moji Adeyeye, said that the O-Care Disposable Syringes’ factory is a landmark achievement by Transgreen Nigeria Limited.

Adeyeye said: “This moment marks not just the introduction of a

new product but the advancement of healthcare in Nigeria, which is in line with the vision of improving the quality of life for Nigerians and the entire African continent.

“Orakpo’s journey is a shining example of the resilience and entrepreneurial spirit that we need in Nigeria.”

Speaking during the ceremony, the President of Manufacturers Association of Nigeria (MAN), Mr. Francis Meshioye, tasked both the state and federal governments to “protect this investment with the right policies, the right incentives and the right support to scale.”

The Managing Director/ CEO of Bank of Industry (BOI), Dr. Olasupo Olusi, said that the commissioning of O-Care Disposable Syringes would strengthen Nigeria’s healthcare system by ensuring a reliable supply of locally produced medical consumables while reducing dependence on imports.

NACCIMA, NIPC

Collaborate to Boost PPP, Drive Economic Growth

Members of the Class of , Mary Knoll College, Okuku, Ogoja commiserate ith o r classmate, brother and friend, SENATOR MUSA ADEDE on the transi on to higher glor of his dearl belo ed sister, Eli abeth.

We hope that o ill be consoled b the fact that Elizabeth li ed a godl life as a de o t Catholic e pressed thro gh kindl deeds and profo ndl impacted societ as a seasoned administrator, both as Permanent Secretar and Commissioner for Finance in Cross Ri er State.

We also pra that the hea enl father ill ass age the ang ish of o r berea ement and lea e o ith onl the cherished memories of the lo ed and lost.

Ma the so l of Eli abeth find Eternal Peace in the bosom of o r LORD as her memor con n es to li e in o r hearts.

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has hosted the Nigerian Investment Promotion Council (NIPC) in a renewed move to strengthen the strategic partnership between the public and private sectors in Nigeria. The meeting, which took place in Abuja, provided both organisations with a platform to discuss critical strategies aimed at creating a more conducive business environment in Nigeria. The discussions centered on improving collaboration between the public and private sectors, with the goal of fostering economic growth and enhancing Nigerian businesses’ participation in global trade and investment.

The National President of NACCIMA and Chairman of the Organized Private Sector of Nigeria (OPSN), Dele Kelvin Oye, Esq., highlighted the importance of a robust partnership between NIPC and NACCIMA. He emphasised the private sector’s pivotal role in driving Nigeria’s economy and called for greater support from NIPC in joint policy formulation, advocacy efforts, and the reinstatement of NIPC as a member of the NACCIMA Council.

On her part, Aisha Rimi, Executive Secretary/CEO of NIPC, reaffirmed the Council’s commitment to supporting NACCIMA’s objectives.

Rimi expressed NIPC’s readiness to collaborate in various areas, including the formation of a joint working committee between NIPC and NACCIMA, facilitating stakeholder engagements, organizing workshops, and advocating for vital policy reforms.

class’s investment, he believes in minding his own business and nurturing his enterprises privately. He does not see why a business leader should expose his enterprises to undue risks by actively participating in governance and running a business department.

That is, indeed, conventional wisdom. Political neutrality is the bridge that connects all customers of a product across party lines. Once any political party thinks a business leader has crossed the political line, it may call for a product boycott. The consequences might be disastrous if the situation is not diffused or effectively managed.

Therefore, Adenuga believes entrepreneurs must not be openly affiliated with any government. Even when he has sympathies and affinities, he prefers to show them privately as his inalienable right.

He also firmly maintains that if you are a businessman with extensive investment in a country, never fight the government in power, especially in Africa. They will crush you.

A Case Study in Conventional Wisdom

In 2007, President Olusegun Obasanjo’s government moved against Mike Adenuga and his business interests. He could have chosen to fight back but was more concerned about his extensive business investments across Nigeria. He knew the government’s agenda was to use

I

of governance.

To carry out this analysis effectively, below is a comparison of the three (3) well-established governance tools in democratic settings: Executive Orders, Legislative Procedures, and Judicial Actions. Executive Orders

1. Definition: Official directives issued by the head of state or government, outlining policies, decisions, or actions. A notable example is the United States, where President Donald Trump extensively leveraged executive orders to fast-track the implementation of his farreaching policies under the “Make America Great Again” (MAGA) agenda.

2. Purpose: Enables swift decision-making, bypassing legislative delays.

3. Characteristics: Binding, enforceable, and often irreversible without subsequent orders or legislation.

4. Examples: Executive orders issued by US and Nigerian Presidents. US President Donald Trump issued an avalanche of executive orders in less than 60 days of occupying the White House as president. So also, president Tinubu in Nigeria issued at least two well-known executive orders with highly consequential effects. Legislative Procedures

1. Definition: The formal processes by which laws are created, amended, or repealed by elected representatives.

2. Purpose: Ensures representation, deliberation, and accountability in lawmaking.

3. Characteristics: Involves debate, voting, and potential amendments.

4. Examples: US Congressional lawmaking, Nigerian National Assembly legislative processes.

5. Observation: Notably, policies processed through this method—such as the four (4) tax reform bills—are still stuck in the National Assembly, awaiting legislative approval. This aspect will be examined further later in this discussion.

Judicial Actions

1. Definition: Decisions, rulings, or orders issued by courts to interpret laws, resolve disputes, or enforce rights.

2. Purpose: Uphold the rule of law, protect individual rights, and provide checks on the executive and legislative branches.

3. Characteristics: Binding, precedent-setting, and subject to appeal or review.

4. Examples: US Supreme Court decisions, and Nigerian Supreme Court judgments.

5. A typical example in Nigeria is the Supreme Court judgment on local government financial autonomy. Long after the ruling, local governments’ financial autonomy has yet to be implemented. The Punch newspaper reported yesterday, Monday, March 17, that state governors are lobbying the federal government to delay implementation. We will delve deeper into this issue later in this discussion.

To fully grasp how the three (3) governance tools function in a democracy, it is essential to analyze their characteristics, advantages, and disadvantages. Different presidents apply these tools based on a needs assessment, balancing efficiency with democratic accountability.

Comparison of Governance Tools

Executive Orders

• Definition: Swift, binding, and enforceable directives issued by the head of state to expedite decision-making.

• Advantages: Efficient, allows rapid crisis management, bypasses legislative gridlock.

• Disadvantages: Can be abused or misused as it bypasses legislative oversight.

In the US, former President Donald Trump issued a raft of executive orders on his first day in office, a practice that critics viewed as an abuse

trumped-up charges as an excuse to take over the running of Globacom. He understood the government had no capacity to run such an

of power. However, his supporters—who were in the majority, as he defeated his opponent Kamala Harris in the November 5, 2023, presidential election—argued that he needed speed to fulfill his agenda within the four (4) years of his term.

Given the constraints of time, Trump prioritized executive orders over legislative or judicial processes to deliver on his campaign promises.

Legislative Procedures

• Definition: The process by which laws are created, amended, or repealed through debate and voting in a legislative body.

• Advantages: Ensures representation, deliberation, and accountability.

• Disadvantages: Can be slow, prone to gridlock, and influenced by special interests.

A key example in the US is the overturning of Roe v. Wade, a landmark ruling that guaranteed women the right to make reproductive decisions without government interference for over half a century. The influence of special interests was evident in this decision.

Similarly, in Nigeria, some northern leaders fear that the proposed tax reform bills—particularly the provision allowing about 60% of Value Added Tax (VAT) revenue to remain in the states where it is generated—would disadvantage their region. This has led to opposition to the reform, despite assurances from the Tax Reform Committee Chairman, Taiwo Oyedele, that these concerns are unfounded.

Judicial Actions

• Definition: Court rulings that interpret laws, resolve disputes, and check the powers of the executive and legislature.

• Advantages: Binding, precedent-setting, upholds the rule of law, and protects individual rights.

• Disadvantages: Can be slow, dependent on judicial independence, and open to interpretation.

For example, the legal battle over local government autonomy in Nigeria went from lower courts to the Supreme Court. Yet, despite the ruling, implementation has been stalled. Another example is the controversy over the rightful Emir of Kano between Sanusi Lamido Sanusi and Ado Bayero.

operation and feared his staff might lose their jobs while the business could be ruined. He made the tactical decision to leave the country

The multiple interpretations of court rulings in that case resulting in a lacuna highlight the challenges of relying on judicial decisions for governance.

Interplay of the Three Governance Tools

As the analysis above reveals, each governance tool has strengths and weaknesses. A skilled and politically savvy president must know when to apply each tool to achieve the desired outcome.

Ideally, in a democracy, these tools interact and balance one another:

• Executive Orders can be challenged or overturned by legislative or judicial actions.

• Legislative Procedures can be influenced by executive orders or judicial interpretations.

• Judicial Actions can be affected by executive orders or legislative changes.

This dynamic is currently playing out in the US, where courts have suspended several of President Trump’s executive orders. Given that he has only one term to implement his policies, he is using the governance tool that allows him to act swiftly—though these decisions remain subject to legal challenges.

The balance of power among the executive, legislative, and judicial branches ensures that no single branch dominates, thereby promoting accountability, representation, and the rule of law.

Tinubu’s Use of Executive Orders: A Case Study Against this backdrop, Nigerians should critically assess President Tinubu’s decision to declare “petrol subsidy is gone” during his inaugural speech on May 29, 2023. It is a statement that he has revealed was unscripted and spontaneous.

Many Nigerians have criticized him for not consulting widely before making such a declaration, given the profound impact it has had on both rich and poor citizens. However, in light of the governance tools discussed above, would Tinubu’s critics—those who opposed the decision for genuine, non-partisan reasons—still hold the same view?

Tinubu’s reliance on executive orders to remove the petrol subsidy and float the naira must be evaluated against the slow pace of legislative and judicial processes. For instance:

• The tax reform bills, first introduced in the

in self-exile.

It took the intervention of President Umaru Musa Yar’Adua to persuade him to return to the country. Now of blessed memory, Yar’Adua said he would do whatever it took to motivate rather than antagonize or persecute investors who create jobs and keep the oil of a nation’s progress flowing.

This approach to business-government relations represents Adenuga’s conventional wisdom: maintain political neutrality, focus on business growth, and avoid confrontations with the state. While Musk may possess the “Adenuga spirit” in entrepreneurship and vision, this fundamental difference in engaging with political power sets them apart.

Where Musk sees direct engagement as a path to influence, Adenuga sees discretion as the better part of valor. Both approaches have their merits, but in the African context, Adenuga’s conventional wisdom has preserved his business empire through turbulent political transitions – an affirmation of the power of subtle influence over confrontation.

*This is a tribute to celebrate Dr. Mike Adenuga’s 72nd birthday in advance from a global comparative perspective. May the fountain of his wisdom never run dry.

#Nigeria #Africa #elonmusk #mikeadenuga #usa #doge

National Assembly on October 8, 2024, remain stuck in the legislative process.

• The Supreme Court ruling on local government autonomy, delivered on July 11, 2024, is yet to be implemented.

In contrast, Tinubu’s executive actions on fuel subsidy removal and exchange rate unification were swiftly executed and are now yielding positive economic results. Given that Nigeria’s economy was on the brink of collapse, he likely saw no alternative but to act decisively to prevent further decline.

This is the point some of us have been strenuously trying to put across to critics over the past 22 months of Tinubu’s watch.

Conclusion Understanding the strengths and weaknesses of governance tools helps in evaluating a leader’s decisions. While legislative and judicial processes ensure democratic accountability, they can be slow and prone to political interference. Executive orders, though expedient, carry risks of overreach. However, in Tinubu’s case, his controversial approach but a display of political adroitness is arguably necessary to avert the economic disaster that was imminent in our country.

With the benefit of hindsight, Nigerians must ask: Did Tinubu act recklessly, or was his decision a necessary intervention to stabilize the country? Ultimately, governance is about making tough choices, and the effectiveness of any leader depends on their ability to navigate the complex interplay of executive, legislative, and judicial powers. By and large executive orders have proven to be a more efficacious governance tool if time constraints are a significant factor as they save time and allow a dynamic president to cut through the bureaucratic bottlenecks to quickly achieve set goals.

The above strategy is exactly the methodology that President Tinubu has adopted to achieve success in his deep reforms which peaked in less than 18 months after which the negative consequences petered out and the positive gains began to manifest before the midterm of his administration which is coming up on 29 May- mere two months.

Imagine if Tinubu had applied the legislative or judicial option in governance to the issue of petrol subsidy removal, and elimination of multiple naira exchange rate windows, they would still be in operation and Nigeria would be mired in retrogression as it has been in the past four (4) decades (1984/5) or so since the nation was advised by development experts and institutions against retaining the obnoxious subsidy on petrol and buffeting the naira which we all agree were wrong-headed policies but which no leader in the past had the guts or gumption to end.

Being the astute political strategist that he is, my prediction is that President Tinubu will not introduce any new policies that would discomfit Nigerians until he seeks re-election in 2027 and returns to Aso Rock Villa as the winner of the 2027 presidential election. Thereafter, he will tackle the challenges of industrialization which will be driven by a revolution in electricity power generation, transmission, and distribution which is a necessary precondition to industrial take-off that we all crave since it is the only sure path to prosperity for all Nigerians.

Magnus Onyibe, an entrepreneur, public policy analyst, author, democracy advocate, development strategist, an alumnus of the Fletcher School of Law and Diplomacy, Tufts University, Massachusetts, USA, and a former commissioner in the Delta State government, (2003-2007) sent this piece from Lagos, Nigeria.

•To continue with this conversation and more, please visit www.magnum.ng.

President Bola Tinubu

Adenuga

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nubu Refo R m S A n D e xecu TI ve oRD e RS

CBN Approves Greenwich Holdings Limited to Commence Operations

Oluchi Chibuzor

Greenwich Merchant Bank Limited has announced that it has received regulatory approval from the Central Bank of Nigeria (CBN) for its financial holding company, Greenwich Holdings Limited.

This milestone, it said in a statement, marks a significant step enabling Greenwich Group to consolidate its existing financial service businesses, expand into new markets, and strengthen its position as a leading player in the financial sector.

Upon the commencement of operations, Greenwich Holdings Limited will oversee Greenwich Merchant Bank Limited, Greenwich Asset

Management Limited, and Greenwich Securities Limited, while driving the strategic expansion of the Group.

Head of Corporate Communications, Greenwich Merchant Bank Limited, Ozena Utulu, in the statement said the regulatory approval is an attestment of the dedication, hard work, and commitment to excellence that have definedGreenwich’s legacy as a trusted partner in the financial industry.

“Greenwich Holdings Limited represents a new chapter in the unparalleled growth which began with Greenwich Trust Limited, a foremost provider of financial solutions that commenced operations in June 1994 as a

Financial Adviser and Issuing House. The SEC-regulated firm later applied to the Central Bank of Nigeria for the conversion of its operations which led to theestablishment of Greenwich Merchant Bank Limited in 2020.

“Over the course of 30 years, Greenwich has expanded its footprint across various segments of the financial sector through its subsidiaries and affiliated entities including Greenwich Registrars and Data Solution Limited and Greenwich Trustees Limited. Greenwich Holdings Limited is committed to delivering innovative financial solutions, fostering growth and creating value for its stakeholders,” the company said.

Apapa-Moniya Rail: APM Terminals Engages Agricultural Shippers, Oyo Govt

The leadership of APM Terminals Apapa has met with the Special Adviser to the Oyo State government, Tilewa Folami, and agricultural commodities importers and exporters, to better understand their logistics challenges and needs, and share the benefits of the Apapa- Moniya rail product.

Led by the Terminal Manager, Steen Knudsen, the team comprised of Marketing and Commercial Intelligence Manager, APM Terminals Nigeria, Adetunji Igbaugba; APM Terminals Apapa, Way of Working Senior Lead, Jan Jensen, and APM Terminals Apapa Key Client Manager, Adesoji Olaniyan.

The journey began with a rail trip from Ebute-Metta

to Moniya, followed by an assessment of the Moniya rail terminal. The delegation then attended a lunch meeting with agricultural commodities customers, including the Special Adviser to the Oyo State Government and Director at IITA, Tilewa Folami.

Terminal Manager, Steen Knudsen said, “The vision behind the Apapa-Moniya rail product launch is to open Nigeria’s hinterland, making it easily accessible to international trade. This is especially critical for agricultural commodities that are perishable and require scheduled logistics service that is reliable and predictable. This would greatly improve the business prospects for importers and exporters in

the hinterland that require a fixed, reliable rail schedule to get their commodities to Apapa port.”

Accompanying the APM Terminals team were the Denmark Consul General, Trade Counsellor, Jette Bjerrum, and Commercial Trade Advisor to the Danish Consulate, Victoria Epelle.

Consul General Jette Bjerrum highlighted Denmark’s extensive commercial activities in Nigeria, focusing on improving the agricultural value chain.

She said, “Denmark aims to support local interests in the export, agricultural, energy, and livestock sectors, with government approval for cold chain initiatives to enhance market support.”

LASIMRA, NCC Collaborate to Strengthen Telecoms Infrastructure in Lagos

The Lagos State Infrastructure Maintenance & Regulatory Agency (LASIMRA), has collaborated with the Nigerian Communications Commission (NCC) to strengthen telecommunications infrastructure in Lagos State.

LASIMRA recently visited NCC in its headquarters in Abuja to discuss collaboration and ways of improving telecommunications sector in Lagos State. The LASIMRA delegation was led by its Chief Executive Officer, Prince Oyekanmi Elegushi, alongside members of the senior management team.

The delegation was warmly received by the Executive Vice Chairman of the NCC, Dr. Aminu Maida, and the commission’s management team.

The meeting was further enriched by the presence of representatives from the Association of Licensed Telecommunications Operators of Nigeria (ALTON), led by its Chairman, Gbenga Adebayo, and its Publicity Secretary, Damian Udeh.

Discussions focused on addressing critical issues affecting the industry, with particular emphasis on the security and protection of telecoms infrastructure in

Lagos State. LASIMRA reiterated the need for effective oversight and safeguarding of all essential assets under the jurisdiction of the Lagos State government.

A key highlight of the meeting was the tower enumeration project, which is a comprehensive audit initiative aimed at identifying all distressed communication infrastructure across Lagos. LASIMRA also raised concerns about damages to public infrastructure caused by some operators during fibre deployment and reaffirmed its commitment to enforcing appropriate penalties to preserve public assets.

Darey.io Expands Tech Training Vision with 3MTT Partnership

Agnes Ekebuike

Darey.io, a technology training platform, has forged a strategic partnership with the 3 Million Technical Talent (3MTT) initiative of the federal government in a significant move to enhance tech talent development.

The collaboration seeks to accelerate digital skills acquisition and expand employment opportunities for aspiring tech professionals across Nigeria.

Speaking at the launch event at the weekend in Lagos, CEO and Founder of Darey.io, Darey Olufunmilayo, expressed immense enthusiasm for the future. “I am very excited, and my excitement is significant and

comes with deep meaning,” he remarked. The vision, he emphasised, is to build on the foundation already laid, expanding on existing talent pool and creating opportunities for new entrants into the tech ecosystem.

“One of the major innovations driving this vision is Excellence. AI, an initiative designed to provide learners with real-world experience beyond traditional training programmes. It is not enough for individuals to complete boot camps, what matters is their ability to pay themselves through internships. No one has to wait until somebody hires them, hence the importance of equipping learners with

both technical and soft skills to meet industry demands,” Olufunmilayo said.

The newly launched Darey. io hub, serves as a collaborative space for aspiring tech professionals, whether they are entrepreneurs, job seekers, or industry professionals. The hub enables users to conduct sprint planning, stand-ups, and retrospective meetings, fostering innovation through teamwork.

According to Olufunmilayo, a key challenge in offline learning environments is the difficulty in tracking engagement. Darey.

io’s partnership with 3MTT integrates a digital infrastructure that enables precise monitoring of learners’ progress.

Basrah

(Iraq),

Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria),

Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

L-R: Director General, NSIB. Capt Alex Badeh Jr. and Chief Executive Officer, Aero Contractors, Capt. Ado Sanusi at the MOU signing between Aero Contractors and NSIB which held at Aero Contractors Office in Lagos...recently

Emma Okonji

Stock Market Down N266bn on Profit-taking in BUA Cement, Others

Kayode Tokede

The Nigerian stock market yesterday sustained its profittaking activities as losses in BUA Cement Plc (10 per cent drop) and 21 others pulled the overall market capitalisation lower by N266 billion.

As a result of investors’ profit-taking, the Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 423.48 basis points or 0.40 per cent to close at 105,375.69

basis points. Consequently, the NGX ASi Month-to-Date and Year-to-Date returns settled at -2.3per cent and +2.4per cent, respectively. Also, market capitalisation shed N266 billion to close at N66.078 trillion.

Analysing by sectors, the NGX Industrial Goods Index dropped by 3.4per cent, NGX Banking Index dipped by 0.7per cent, and NGX Oil & Gas Index depreciated by 0.1per cent, while the NGX

Insurance index advanced by 1.1 per cent and NGX Consumer Goods appreciated by 0.2 per cent. However, the market breadth closed positive, as 28 stocks gained relative to 22 losers. NEIMETH International Pharmaceuticals emerged the highest price gainer of 10 per cent to close at N2.97, per share. Northern Nigeria Flour Mills (NNFM) followed with a gain of 9.99 per cent to close at N79.80, while

Custodian Investment rose by 9.69 per cent to close at N21.50, per share.

SUNU Assurance increased by 7.99 per cent to close at N5.00, while Guinea Insurance added 7.69 per cent to close at 70 kobo, per share. On the other side, BUA Cement led the losers’ chart with 10 per cent to close at N83.70, per share. Ellah Lakes followed with a decline of 4.82 per cent to close at N3.16, while Regency Alliance Insurance shed 4.41 per cent to close at 65

kobo, per share. Wema Bank depreciated by 4.19 per cent to close at N10.30, while Omatek Venture down by 2.99 per cent to close at 65 kobo, per share. The total volume traded fell by 26.7 per cent to 349.983 million units, valued at N8.221 billion, and exchanged in 11,230 deals. Transactions in the shares of Access Holdings led the activity with 36.757 million shares worth N847.292 million. Universal Insurance followed

On market outlook, Afrinvest Limited said “we anticipate the bearish momentum to linger due to the absence of a positive catalyst.”

www.thisdaylive.com

opinion@thisdaylive.com

FROM OLYMPIAN HEIGHT TO THE GRASSROOTS

Home support sets tone for Oyebanji's reelection bid in Ekiti, writes ODUNAYO OGUNMOLA

See page 21

IN PURSUIT OF BROADBAND PENETRATION

SONNY ARAGBAAKPORE reckons that major broadband penetration in Nigeria is still a pipe dream

page 21

Amid controversies, Wike’s leadership offers valuable lessons for other political leaders, argues ABIODUN OLUWADARE

NYESOM WIKE’S AMBITIOUS AGENDA

Since assuming office as Minister of the Federal Capital Territory (FCT), Nyesom Wike has embarked on an ambitious transformation agenda that has significantly reshaped Abuja’s infrastructural and administrative landscape. His tenure has been marked by rapid development, extensive road rehabilitation, urban expansion, and a commitment to executing long-overdue projects. However, his leadership has not been without controversy, particularly regarding his political battles in Rivers State and his assertive governance style.

Before becoming the FCT Minister, Wike served two terms as the Governor of Rivers State, where he was known for his infrastructural drive and strong political influence. Extensive road construction, urban renewal projects, and improvements in education and healthcare characterised his administration in Rivers. His ability to complete major abandoned projects, including flyovers, bridges, and new government buildings, showcased his determination to leave a lasting legacy.

While serving as governor, Wike was also deeply involved in national politics, playing a key role in the affairs of the Peoples Democratic Party (PDP). His political manoeuvring and strong personality made him a dominant force in Rivers politics, often engaging in heated battles with political opponents. It remains uncertain whether he had an inkling of becoming the FCT Minister, but his appointment came as a surprise to many, given his history as a key figure in opposition politics. Nevertheless, his transition from a state governor to a federal minister in the opposition government has demonstrated his administrative adaptability and commitment to development.

Under Wike’s leadership, the FCT has witnessed accelerated infrastructure projects that had been stalled for years. Several major roads and bridges have been completed or rehabilitated, significantly improving connectivity within the capital in a short time. Areas that previously lacked basic amenities have seen rapid urban expansion, with new districts being opened up for development. This approach aligns with the long-term master plan of Abuja, which had hitherto suffered from years of neglect.

Additionally, Wike’s administration has overseen the execution of abandoned projects, ensuring that all six area councils of the FCT benefit from developmental initiatives. He has prioritized road networks, sanitation, street lighting, and beautification projects that have given Abuja a facelift within a short period. The renewed vigour in urban planning has attracted investors and fostered economic growth, positioning Abuja as a model capital city.

One of Wike’s key achievements has been his inclusivity in political appointments, a critical issue of national interest that had hitherto not been observed. Unlike previous administrations that concentrated positions within specific circles, Wike has distributed appointments across different ethnic and regional lines, reflecting the federal character principle. This approach has earned him a commendation for ensuring representation

in the administration of the FCT.

However, his assertive leadership style has also attracted criticism. Some stakeholders view his governance as too centralized and aggressive, with decisions taken unilaterally without broader consultation. His straightforward and sometimes confrontational approach has drawn mixed reactions from political observers and citizens alike. Nevertheless, his decisive nature has ensured efficiency in project execution, making Abuja’s development more dynamic than before.

The role of surveillance technology in crime prevention and security management cannot be overstated. Across major global cities— from London to New York—Closed-Circuit Television (CCTV) networks have played a crucial role in deterring crime, identifying perpetrators, and providing critical evidence for law enforcement and judicial processes. Nigeria’s Federal Capital Territory should be no exception.

It is commendable that the Minister of the FCT has taken proactive steps to tackle insecurity in Abuja, with measures including demolishing criminal hideouts and strengthening policing efforts. However, sustaining these gains requires a more structured and technology-driven approach. One of the most effective ways to reinforce security in the capital city is the widespread deployment of CCTV cameras across key locations.

While some parts of Abuja already have CCTV coverage, a more expansive and wellintegrated system is needed to ensure that all strategic areas—including markets, highways, public spaces, and government institutions— are under continuous surveillance. A robust CCTV network will not only deter criminal activities but also enhance intelligence gathering and improve security agencies’ response times.

Given its effectiveness in other global capitals, Abuja should fully embrace this modern security infrastructure. The government, in collaboration with private sector stakeholders, must prioritize the expansion of surveillance technology as part of its broader security strategy. By doing so, Abuja can take significant strides toward ensuring public safety, boosting investor confidence, and solidifying its reputation as a secure and well-monitored capital city.

Beyond the FCT, Wike remains entangled in political conflicts, particularly in his home

state, Rivers. His ongoing political rivalry with his successor, Governor Siminalayi Fubara, has kept him in the headlines. Accusations of undue influence in Rivers State’s governance and a perceived attempt to control political structures have fueled tensions, drawing reactions from various political actors. This power struggle has led to divisions within the PDP and placed Wike at the centre of numerous controversies.

Additionally, his dual role as an influential national politician and FCT Minister has raised concerns about his ability to focus exclusively on Abuja’s development without political distractions from Rivers State. However, Wike has repeatedly maintained that his commitment to transforming the FCT remains his top priority, regardless of external political pressures.

Despite the controversies, Wike’s tenure in the FCT is shaping up to be one of the most impactful in recent history. His ability to push through major infrastructural projects while navigating political battles demonstrates his resilience and administrative acumen. However, sustaining this momentum will require striking a balance between governance and political manoeuvring.

As Abuja continues to witness rapid transformation under Wike, the question remains: Will his legacy be defined by the tangible development he has brought to the FCT, or will his political entanglements overshadow his achievements? Only time will tell, but for now, his imprint on Nigeria’s capital is undeniable. He has created a big shoe for whoever will succeed him as FCT Minister.

The transformation of the Federal Capital Territory under the leadership of Nyesom Wike has been both remarkable and contentious. His tenure has been marked by bold infrastructural developments, urban renewal initiatives, and a hands-on governance style that has reshaped the capital. From road expansions and modernized public spaces to enhanced sanitation and regulatory enforcement, Wike's policies have left an indelible mark on Abuja’s landscape. However, this progress has not been without controversy. His uncompromising approach to governance, particularly in areas of demolition exercises and policy enforcement, has sparked debates about the balance between development and displacement. While some laud his commitment to restoring Abuja’s master plan and addressing urban decay, others criticize the perceived heavyhandedness of his methods.

Ultimately, Wike's leadership of the FCT presents a paradox—one of undeniable progress tempered by political and social tensions. As his tenure unfolds, history will judge whether his legacy is defined more by the infrastructure he built or the debates he ignited. What remains clear is that his impact on the FCT will be enduring, shaping the discourse on urban governance and development in Nigeria for years to come.

Col Oluwadare (rtd) writes from the Department of Political Science, Nigerian Defence Academy, Kaduna

SONNY ARAGBA-AKPORE reckons that major broadband penetration in Nigeria is still a pipe dream

IN PURSUIT OF BROADBAND PENETRATION

Despite the rising depletion of data used by subscribers,the Nigerian Communications Commission (NCC) says there is nothing to worry about.

It has however asked network operators to audit their networks to have an understanding about what is really wrong.

While subscribers groan over the data depletion and the associated poor services,the NCC claimed that broadband penetration peaked at 45% in January 2025, with a surge in internet usage driven by rising demand for digital services, though infrastructure and costs remain as challenges.

This is still below the 70% mark, despite a surge in data usage.

The NCC reports that mobile internet subscriptions stood at 141.67 million, while broadband subscriptions were 98.88 million in January 2025.

Internet usage has seen a significant increase, reaching an all-time high of 1,000,930 terabytes in January 2025.

This surge is driven by increased reliance on digital services like video streaming, social media, remote work, and fintech innovations.

The rise is stifled by poor infrastructure and high phone and internet costs as major issues, according to Global System of Mobile Communications Association (GSMA).

Only about 29 percent of Nigerians ( 58 million) use the internet regularly.

What this means is that attaining 70 percent broadband penetration by 2025 is a pipe dream especially taking into consideration infrastructure deficit and poor network penetration leading to just 29 percent internet connectivity.

The federal government sought to address the country's significant broadband penetration gap by implementing the National Broadband Plan (NBP 2020-2025).

The NBP aims to achieve a broadband penetration target of 70 percent and population coverage of 90 percent by 2025.

The Nigerian Broadband Alliance for Nigeria (NBAN) initiative brings together government agencies, private sector leaders, non-profits, and civil society to accelerate broadband penetration in Nigeria.

The NCC is driving this and supporting highspeed broadband connectivity through various initiatives.

These include licensing InfraCos, licensing 2.3GHz spectrum for wholesale wireless last-mile services, and streamlining regulatory processes.

But the Infracos initiative remains in the box despite huge financial incentives to actualise it.

In 2020 when the NCC initiated the National Broadband Plan (NBP)a 25-man committee, headed by Ms. Funke Opeke, Managing Director/ CEO of Main One Cable Company Limited, was inaugurated to coordinate the development of the new National Broadband Plan.

The plan was focused on recommendations in four critical pillars: Infrastructure, Policy, Demand Drivers, and Funding & Incentives.

The plan was officially launched by Dr. Isa Ali Pantami, Nigeria's former Minister of Communication and Digital Economy, in March 2020.

The plan was to ensure that the price of 1GB of data was not more than N390 (2% of median income or 1% of minimum wage).

The NBP 2020-2025 aimed to increase broadband penetration to 70% and ensure 90% of the population had access to affordable and reliable internet, with data speeds of at least 25Mbps in urban areas and 10Mbps in rural areas.

The goal was to boost broadband penetration from its coverage of 37.8% in 2020 to over 70% within five years(2025).

Its aim was to ensure that at least 90% of Nigeria's population had access to affordable and reliable broadband.

The plan aimed to deliver data download speeds of at least 25Mbps in urban areas and 10Mbps in rural areas. Despite the crisis of trying to actualise the 70% broadband penetration by 2025 ,government launched the Nigerian Broadband Alliance in February 2025 but acknowledged the problems.

“Many of the networks remain underutilised. In numerous parts of the country, the capacity of existing fibre infrastructure far exceeds the demand. This is primarily due to a lack of access to necessary infrastructure in unserved and underserved areas, compounded by significant barriers to broadband adoption. “These barriers include limited access to devices, lack of awareness, inadequate digital literacy, cumbersome regulatory processes, and power supply challenges. This underutilisation of existing infrastructure hinders our digital transformation and also negatively impacts the return on investment. This creates a vicious cycle—one that we must break in order to realise the full potential of broadband and its contribution to our digital economy.”

In his keynote address, Dr.‘Bosun Tijani, the Minister of Communications, Innovation & Digital Economy, represented at the event by Dr. Aminu Maina, Executive Vice Chairman of the Nigerian Communication Commission (NCC), said, “Despite our collective goals of achieving 70 per cent broadband penetration by 2025; delivering minimum data speeds of 25 Mbps in urban areas and 10 Mbps in rural areas; expanding population coverage to 80 per cent by 2027; increasing broadband investments by 300–500 per cent by 2027, including the growing availability of fibre networks, Nigeria faces an unfortunate paradox.

The National Broadband Alliance for Nigeria initiative brought together government agencies, private sector leaders, non-profits, and civil society to accelerate broadband penetration in Nigeria. It aims to transform broadband into a catalyst for socio-economic development by aggregating demand across key sectors including educational institutions, healthcare facilities, religious centres, and markets.

The event was attended by representatives of the private and public sector agencies including Dr. Vincent Olatunji, National Commissioner/CEO, Nigeria Data Protection Commission (NDPC); Prof. Ibrahim Adeyanju, MD/CEO, Galaxy Backbone Limited; Jane Egerton-Idehen, MD/CEO, Nigerian Communications Satellite Limited (NIGCOMSAT); and Tola Odeyemi, Postmaster General/CEO, Nigerian Postal Service (NIPOST).

There were 37.2 fixed broadband subscriptions per 100 inhabitants in Europe in 2024, the highest figure among global regions. The Americas recorded the second-highest broadband penetration rate at 26.6 subscriptions, while the CIS (Commonwealth of Independent States) region had 25.3. Meanwhile, Africa continues to lag far behind, with less than one fixed subscription per 100 people. Fixed wireless access (FWA) technology has been highlighted as a potential solution to Africa's lack of fixed infrastructure, allowing the delivery of high-speed internet without the need for fixed networks. Aragba-Akpore

Home support sets tone for Oyebanji's re-election bid in Ekiti, writes ODUNAYO OGUNMOLA

FROM OLYMPIAN HEIGHT TO THE GRASSROOTS

Ekiti State Governor, Mr Biodun Oyebanji, is poised to enjoy a formidable support from the All Progressives Congress (APC) structure of party leaders and members in his senatorial district who had proclaimed him as their sole candidate ahead of the party's governorship primaries and the main governorship election in 2026.

This is consequent upon a resounding call for continuity for Oyebanji's governance of the state till 2030 by APC leaders and members in Ekiti Central Senatorial at a recent meeting cum endorsement event, in Ado-Ekiti, where the leaders affirmed that the Governor has performed excellently well in office to deserve a re-election in 2026.

Apart from Oyebanji's widely acknowledged commendable performance in two-and a half years on the saddle, which they said had touched virtually all sectors, the Ekiti Central APC leaders hinged their decision on what they called the noble character of the governor . Such character, according to them, included Oyebanji's peaceful disposition, inclusive style of leadership, probity and accountability, street credibility, populism and down-to-earth connection with the ordinary people in the grassroots, benevolence and generosity, paying attention to details and promoting the image of the party and making it attractive to the electorate among others.

According to the leaders, Oyebanji has diligently and conscientiously implemented his administration's six-pillar agenda touching every part of the state with life-changing policies and projects, opening up the state to development, improving the standard of living of the populace and attracting more development partners and investors to the Land of Honour. What was planned originally as a senatorial leaders’ meeting, later snowballed into a rally at the Fajuyi Pavilion in the heart of Ado Ekiti, the state capital with party members from all the five local government areas making up the district namely, Ado Ekiti, Irepodun/Ifelodun, Ekiti West, Efon and Ijero.

It is noteworthy that the endorsement by the Ekiti Central APC leaders came barely two months after that of their counterparts from Ekiti South senatorial district. This shows that the governor has been adopted by party leaders and members from two out of the three senatorial districts with the support base keeps widening by the day.

For any aspirant or candidate to succeed in an election as lofty and grand like the governorship, overwhelming support from his or her home base is very key. The APC is the ruling party in Ekiti State and with no dissent to Oyebanji's re-election bid within the party, the coast appears to be clear for the governor to clinch the state's number one seat again.

The unanimity of key leaders in the senatorial zone in throwing their weight behind Oyebanji for another term in office is a strategic masterstroke by the APC to ensure unity and foreclose any post-primary acrimony that usually beset such contests.

The progressives had witnessed acrimonious primaries in the past judging by the experience of 2006, 2014, 2018 while that of 2022 resulted in a court case by an aggrieved aspirant but the peace and unity presently enjoyed by the party under Oyebanji’s leadership is tilting towards a coronation for the governor.

Going by his character of showing respect to party leaders, Oyebanji has secured the backing of the Senator representing the District and Leader of the Senate, Senator Opeyemi Bamidele; the two House of Representatives members from the District, Rep. Olusola Fatoba and Rep. Biodun Omoleye; former Deputy Governor, Prof. Modupe Adelabu with an earlier support by the first elected Governor of the state, Otunba Niyi Adebayo and other critical stakeholders within and outside the party, Ekiti Central is already secured for the Governor.

With all the aforementioned party bigwigs behind Oyebanji, the Deputy Speaker of the State House of Assembly, Rt. Hon. Bolaji Olagbaju and other Assembly members, Commissioners and Special Advisers who are members of State Executive Council,

Local Government Chairmen, Vice Chairmen, Councilors, Supervisors and Advisers, Local Government Party Chairmen and executive members are also queuing behind the Governor to ensure his re-election.

Ekiti Central, a densely populated district, is key in the political dynamics of Ekiti State. Prominent towns in the district include Ado, Iworoko, Are, Afao, Igbemo, Igede, Aramoko, Ijero, Ikoro, Ipoti, Erio, Efon Alaaye, Okemesi, Erijiyan, Ikogosi, Ipole Iloro, with a good number of the towns having farmsteads with votes that can make a difference.

Setting the tone for the historic endorsement through a resolution presented to the APC Acting State Chairman, Chief Sola Elesin through a letter transmitted to the Governor, by former Deputy Governor and Chairman, Ekiti Central APC Stakeholders, Prof Modupe Adelabu, the party restated that Oyebanji has been endorsed as the sole candidate for the next election slated for 2026.

However, Prof Adelabu clarified that the endorsement doesn't abridge the rights of other interested APC members from seeking the party's nod from contesting for the governorship seat. She noted: "What this endorsement means is that Governor Oyebanji will get full and solid backing of all APC members in the senatorial district in the coming poll."

Senate Leader Bamidele, said the action taken by party members showed that they value continuity of good governance for Ekiti's development adding that Oyebanji is enjoying the support of prominent party office holders because of his superlative performance and bringing key leaders together which is a radical departure from what was witnessed in the state in the past.

He said: "Today, we are unveiling in the open what we have been saying to ourselves under the closed doors that Ekiti has never had it so good. We are very lucky having Governor Biodun Oyebanji as our governor. What we are doing today is not a campaign, time for campaign is coming. All we are doing is to hold our regular APC senatorial meeting, this is symbolic and strategic to us.

"The frontline and greatest achievement of Governor Oyebanji is being able to unite everybody under one platform and umbrella. You may not understand what I meant by Governor Oyebanji's unity magic. But if you follow the trajectory of our politics in Ekiti State, particularly what happened in 2003 between Otunba Niyi Adebayo and Ayodele Fayose, and what we witnessed between Segun Oni and Kayode Fayemi in 2007, then you will understand Oyebanji's unity magic. All these leaders are now working together and all the achievements that Ekiti made under these past leaders are being consolidated under Governor Oyebanji.

Ogunmola is Senior Special Assistant to the Governor on Media (Print Media).

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

HIGH TARIFFS, POOR TELECOMS SERVICES

The regulator should be alive to its responsibilities

Despite the approval by the Nigerian Communications Commission (NCC) of a 50 per cent increase in telecom tariffs from last January, Nigerians have continued to groan over poor services. With frequent network outages, slow internet speed, and poor customer service, consumers feel exploited, paying exorbitant prices for services that consistently fail to meet their expectations. Key among the subscribers’ complaints are connection failures, undelivered short message service (SMS), poor data service, fluctuating network, data roll over challenges, illegal credit deductions and uncompleted calls. The drop in service quality has been attributed to the fact that some of the mobile network operators have failed to meet the industry standards.

Indeed, available data from the sector indicate that telcos fall short of the four major performance indicators: dropped call rate, call set up rate, stand-alone dedicated control channel congestion rate and traffic control channel congestion rate. Meanwhile, poor internet connectivity amid high data costs have hampered the growth of e-commerce and the cashless policy of the Central Bank of Nigeria (CBN). It has also impacted negatively on several critical sectors, including education and health.

expanded the broadband, internet penetration and most importantly, subscriber base in the country. Recent market figures reveal that there are over 172 million mobile subscribers on all the networks in Nigeria, accounting for a penetration rate of 87 per cent of the population. Unfortunately, due to a combination of factors, subscribers are experiencing poor service quality.

it is unacceptable that Nigeria is being ranked poorly on all global indices regarding telecoms services at a time the companies are raking in scandalous profits

T H I S D AY

EDITOR SHAKA MOMODU

DEPUTY EDITOR WALE OLALEYE

MANAGING DIRECTOR ENIOLA BELLO

DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU

CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI

EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

Since these industrial glitches have subsisted even with repeated promises to address them by the operators, we urge the NCC to be more alive to their regulatory responsibility. The NCC should also address some challenges which the telcos have highlighted as militating service quality, especially in the rural areas of the country. But it is unacceptable that Nigeria is being ranked poorly on all global indices regarding telecoms services at a time the companies are raking in scandalous profits.

The mobile telecommunications sector has grown to become a very important contributor to the country’s Gross Domestic Product (GDP). The sector has

T H

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA

GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU

DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE

DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI

SNR. ASSOCIATE DIRECTOR ERIC OJEH

ASSOCIATE DIRECTOR PATRICK EIMIUHI

CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI

DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO TO SEND EMAIL: first name.surname@thisdaylive.com

Letters to the Editor

Operators have always blamed poor infrastructure in the country characterised by inadequate power supply as one of the reasons for the atrocious quality recorded in the sector. They have at different times complained about road constructions and repairs leading to cable cuts, vandalism of equipment, and other security issues. They also cite multiple taxation, cost of maintaining equipment, etc., as huge responsibilities. But all these are normal business risks. In any case, if all these problems have not prevented them from making huge profits why should they be excuses for poor service delivery?

We task NCC to continue to collaborate with the relevant agencies to ensure adequate security for telecoms facilities and engage stakeholders on the need to protect their infrastructure. The sector will continue to grapple with poor service delivery if criminal elements continue to vandalise telecoms facilities across the country. We also call on the federal government to urgently address the challenge of low broadband penetration.

Above all, the message from the NCC to the operators should be clear: It is not just about increasing tariffs but that there should be a commensurate increase in the quality of service they provide. Making a simple voice call has become a problem and holding a brief conversation has become even more burdensome. The current level of frustrating experiences characterised by high rate of dropped calls, call interference, and loss of audio have become unacceptable. Nigerians are tired of constant promises from the stable of operators on what they plan to do on the improvement of quality on their networks.

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

BAUCHI 2027: A WORD OF CAUTION

As Nigeria's democracy grows, the good people of Bauchi State and indeed all Nigerians, are expected to progressively show increasing levels of democratic maturity in terms of engaging in issues based politics and making electoral decisions that are shorn and bereft of any primitive sentiments. This, in time, will see the state's baton of leadership shift to the hands of progressive politicians who will be both genuinely sincere and profoundly committed to the growth and development of Bauchi State. It will surely mark a distinct departure from these heydays of political folie de grandeur characterised by the tendency for primitive accumulation which sees politicians in power, with a legislature idly watching, execute policies and programmes that only suits them.

Rather than solve the problems of education, healthcare, agriculture and food security, empowerment and employment, public housing, public transport, industrialisation as well as environmental degradation, efforts are presently put only in building roads that mostly are of no economic importance and flyovers that, in all intents and purposes,

do not have cases of traffic congestions that are of grave concerns to solve. What is therefore certain is that there is either misplacement of priority and or public trust is being administered with double standards.

Regrettably, this tendency will continue to 2027 when this election cycle is completed. Thus, in about two years to come, Nigerians will be presented with yet another opportunity to make decisions at the polls. It is important that in 2027, the people of Bauchi State be cautious. The figures show that much is still desired for the political and socio-economic viability of the state. On 17th November, 2024, the Punch Newspaper published an article with the caption:”15 northern states spent N45bn on poverty alleviation in six months - Report.” In the article, a 2022 Multidimensional Poverty Index Survey conducted by the National Bureau of Statistics (NBS) was cited among other things, which indicated that more than 70% of Bauchi State population is multidimensionally poor.

This means that more than 70% of the population experience deprivations in the basic needs of life such as food,

sanitation, healthcare and shelter. This is especially frightening and if by any chance the trend is allowed to continue, the future of the state will be full of uncertainties. Therefore, immediate measures to intervene and halt the state's drift towards total collapse is required. To this end, the people of Bauchi State must first unite in ideology, principle and determination. Everyone has to agree that henceforth, both the human and natural resources of the state that are abundant should be optimally utilized to ensure that the state is placed on the threshold of growth and development. And this cannot be achieved without a leadership that is visionary, committed to the growth and development of the people as well as honest to itself and the people. Therefore, when at the polls in 2027 the right politicians are elected to fill in the 31 seats of the Bauchi State House of Assembly and that of the governor, the foundation building block of a greater Bauchi State will be laid.

Mukhtar Jarmajo, Kukadi/Gundari Ward, Misau Local Government

How the NAF is Reinforcing Commitment to Human Rights, Strengthening Civil-Military Cooperation

In an era where military operations require not only strength but also strategic diplomacy and ethical responsibility, the Nigerian Air Force (NAF) is taking proactive steps to deepen its commitment to human rights, civil-military relations, and inter-agency cooperation. As part of its broader vision to uphold global best practices in military conduct, the NAF recently convened a Sensitisation Workshop for newly appointed Civil-Military Relations (CMR), Human Rights, and Gender Desk Officers. Chiemelie Ezeobi writes that this initiative underscores the NAF’s determination to not only safeguard national security but to do so with integrity, professionalism, and respect for human dignity given the critical role of military personnel in shaping public perception and maintaining ethical standards in their engagements

In a continued effort to promote ethical military conduct and foster stronger ties with both civil society and inter-agency partners, the Nigerian Air Force (NAF) has launched an intensive Sensitisation Workshop for newly appointed Civil-Military Relations (CMR), Human Rights, and Gender Desk Officers.

The workshop, which took place at NAF Headquarters on March 11, 2025, is part of a broader initiative aimed at ensuring that NAF personnel operate with heightened awareness of human rights obligations, actively work to prevent civilian harm, and enhance synergy with other security agencies.

Recognising the critical role of civil-military engagement in modern military operations, Air Vice Marshal Ibikunle Daramola, Chief of Civil-Military Relations, underscored the necessity of integrating human rights principles into NAF operations.

“A modern military must be more than a fighting force—it must be a force for good. Our ability to engage with civilians ethically, protect human rights, and work effectively with other security agencies is just as important as our operational capabilities,” he opined.

He added: “Military effectiveness is not solely defined by battlefield success; it is also measured by how well we uphold ethical standards, respect human rights, and engage with the civilian population. Our personnel must understand that winning hearts and minds is just as crucial as operational capability.”

Thus, the workshop was one of several initiatives by the Chief of Air Staff, Air Marshal Hasan, aimed at ensuring that NAF personnel understand the evolving security landscape and their role in balancing military necessity with humanitarian considerations.

The workshop brought together a diverse group of participants from various NAF commands, operational theaters, and units, creating an opportunity for them to engage with leading experts on critical themes affecting military-civil relations.

The sessions covered a broad spectrum of topics, including: Understanding Human Rights in Military Operations – Addressing the legal and ethical frameworks that guide the military’s engagement with civilians; Mitigating Civilian Harm – Exploring strategies to minimise collateral damage and

enhance protection for non-combatants; Media and Public Relations in Military Operations – Equipping officers with the skills to engage responsibly with the media and manage the public perception of NAF activities; Reputation Management and Strategic Communication – Highlighting the importance of maintaining a positive image through ethical conduct and transparency; and Inter-Agency Collaboration – Strengthening partnerships with other security and law enforcement agencies to enhance operational efficiency.

Facilitated by respected experts, Professor Ehiz Odigie, Dr. Sampson Terwase, and Mr. Peter Mancha, the workshop featured interactive discussions, case studies, and real-world scenarios designed to help Desk Officers better understand their roles and responsibilities.

Dr. Terwase emphasised the importance of proactive engagement, stating that “Security forces must not only enforce the law but also ensure they do so in a way that respects the dignity and rights of all individuals. A well-trained force is one that balances operational necessity with humanitarian considerations.”

Sustaining the Momentum: NAF’s Long-Term Commitment

As part of its sustained drive to institutionalise human rights awareness and strengthen civil-military cooperation,

the NAF has mapped out a series of follow-up initiatives that will be rolled out throughout the year. These include: Strategic Sensitisation Tours – Desk Officers will undertake visits to all NAF operational theatres and Command Headquarters to reinforce the principles discussed during the workshop. These visits will serve as a platform to ensure that best practices in human rights compliance, civilian harm mitigation, and ethical military conduct are effectively disseminated and implemented.

Speaking on the significance of these tours, Air Vice Marshal Daramola added: “Our goal is to make these principles second nature to all personnel. We are taking this message directly to the frontlines to ensure that every officer and airman understands their responsibility in protecting civilians while carrying out military duties.”

Another follow up initiative is the Quick Impact Projects (QIPs) and Community Engagement Programs. Under this, the NAF will intensify its outreach efforts through targeted infrastructure projects, medical outreach, and educational initiatives aimed at strengthening relationships between the military and the communities it serves.

Mr. Peter Mancha highlighted the importance of these efforts, stating: “Trust between the military and civilians is not built overnight—it requires consistent engagement and visible efforts

A modern military must be more than a fighting force—it must be a force for good. Our ability to engage with civilians ethically, protect human rights, and work effectively with other security agencies is just as important as our operational capabilities…. Our personnel must understand that winning hearts and minds is just as crucial as operational capability

to improve lives. The NAF’s approach to community-driven projects is a commendable step in that direction.”

On enhanced Inter-Agency Coordination, in recognising the interconnected nature of national security, the NAF will deepen collaboration with other security agencies, humanitarian organisations, and civil society groups to build a more holistic approach to security management.

Also, in terms of institutionalised Human Rights Training and to ensure that human rights awareness remains a core component of NAF operations, the force is exploring the integration of human rights modules into its training curriculum, ensuring that personnel at all levels are consistently exposed to ethical military principles.

A Force Committed to Ethical organisations

The Nigerian Air Force remains unwavering in its dedication to professionalism, accountability, and the protection of human rights in all its operations.

The renewed focus on civil-military engagement, inter-agency synergy, and proactive human rights advocacy underscores the force’s commitment to maintaining the highest ethical standards while fulfilling its national security mandate.

“We want to build a force that not only defends the nation but does so with integrity, responsibility, and respect for the people we serve. That is the NAF’s vision, and we will continue to work towards it,” Air Vice Marshal Daramola concluded.

By prioritising community engagement, fostering trust with civilians, and strengthening partnerships across the security sector, the NAF is not only enhancing its operational effectiveness but also reinforcing its reputation as a responsible and people-centered force. Therefore, it is believed that the initiatives set in motion through this workshop will serve as a foundation for lasting change, ensuring that NAF personnel remain at the forefront of ethical military conduct and global best practices.

Air Vice Marshal Ibikunle Daramola, Chief of Civil-Military Relations (third left); NAF CMR DCC, AVM Edward Gabkwet (third right); and other senior officers, at the recent Sensitisation Workshop for newly appointed Civil-Military Relations (CMR), Human Rights, and Gender Desk Officers

AVM Daramola appreciating the guest lecturers- Professor Ehiz Odigie; Mr. Peter Mancha; and Dr. Sampson Terwase

Mr Norbert E. Chukwumah: Highlighting Nigeria Machine Tools Ltd’s 45 Years of Industrial Excellence, Innovation

Nigeria Machine Tools Limited (NMTL) stands as a pillar of Nigeria’s industrial development, with a legacy spanning over four decades. Established in 1980, the company has evolved from a government-managed entity into a leading private-sector manufacturer, supplying critical components for the oil and gas, construction, and energy industries. NMTL’s journey has been marked by resilience, innovation, and a commitment to excellence—overcoming early challenges to establish itself as a key player in Nigeria’s industrial landscape. In this interview, the Executive Vice Chairman, Norbert E. Chukwumah, share NMTL’s transformation from its early days of government stewardship to its privatisation in 2007 and subsequent expansion under the Quinn McGrath Group. From its pioneering role in local manufacturing, to contributions to major infrastructure projects, and its strategic focus on quality and sustainability, including the company’s workforce development initiatives, corporate social responsibility efforts, he reiterates how NMTL continues to shape Nigeria’s industrial future through cutting-edge manufacturing and adaptive business strategies. Precious Ugwuzor brings the excerpts:

Could you provide a concise overview of Nigeria Machine Tools, outlining its history, key milestones, initial challenges, and growth trajectory?

Nigeria Machine Tools Limited (NMTL) began its journey in 1980, during a time when Nigeria’s industrial landscape was rapidly evolving. Initially, the company focused on industrial metal processing and custom machinery production of specific machine tools, operating under the stewardship of the Federal Government of Nigeria (FGN). This early phase laid the foundation for NMTL’s expertise in engineering and manufacturing, but it also came with the challenges typical of government-managed entities, such as bureaucratic inefficiencies and limited innovation.

In its early years, NMTL faced significant hurdles, including limited access to advanced technology, reliance on government funding, and the need to establish itself as a credible player in a competitive market. The company’s initial focus on serving technical industries required it to build a reputation for quality and reliability, which was no small feat in a nascent industrial sector given the fact that the facility was not then fully functional.

The privatisation of NMTL in 2007 marked a pivotal turning point in its trajectory. Acquired by the Quinn McGrath Group, an indigenous Nigerian company, NMTL transitioned from government management to a new era of private-sector-led transformation. This shift enabled the company to escape the constraints of government bureaucracy and pursue a more agile and profitable path, setting the stage for sustainable growth. Between 2012 and 2014, NMTL underwent a major expansion, adding five new production lines, including facilities for stud-bolt manufacturing, zinc electroplating, and hot-dip galvanising. These strategic expansions greatly enhanced NMTL’s capabilities and service offerings, reinforcing its position as a leader in Nigeria’s industrial sector.

In 2014, NMTL took another significant step forward by achieving ISO-9001-2015 certification, underlining its dedication to maintaining the highest quality standards. The company’s reputation continued to grow with a series of OEM approvals from major oil and gas players, including Shell, ExxonMobil, and Chevron. These approvals, alongside the Shell TAMAP certification, further cemented NMTL’s status as a globally recognised and respected manufacturer of not only its core machine tools business but also its expanding oil and gas equipment manufacturing division.

This milestone was a direct reflection of NMTL’s commitment to excellence and showcased its adherence to the oil and gas industry’s rigorous quality standards.

Over the years, NMTL has transitioned from a government-run entity to a privatelyowned industrial powerhouse. It has made substantial contributions by supplying several key component equipment to large-scale, high-profile projects such as the Bonga FPSO

Turnaround Maintenance for Shell and the Ikike Project for Total.

The company has strategically installed and commissioned a fully functional PTFE coating plant, which enhances the durability of critical components. This innovation not only extends the lifespan of these components but also reduces the frequency of manufacturing and disposal, contributing to more sustainable operations for its clients. Furthermore, the company has embraced adaptive manufacturing processes and sustainable practices at its facility, with a focus on increasing environmental sustainability.

How does NMTL reflect on its legacy while positioning itself for future growth and innovation?

NMTL’s 45-year journey is a testament to its unwavering commitment to innovation, resilience, and operational excellence. From its origins as a government-run entity to its current standing as a pioneering oil and gas equipment manufacturer exemplified by its status as the sole Shell TAMAPapproved in-country manufacturer for bolts and flanges, NMTL has consistently demonstrated its capacity to meet the

evolving demands of Nigeria’s oil and gas sector. As a leading manufacturer in this industry, the company has set an unparalleled standard for quality, sustainability, and social responsibility, reinforcing its reputation as a cornerstone of industrial excellence.

In addition to its key role in the oil and gas sector, NMTL has also been integral to the development of Nigeria’s infrastructure and manufacturing industries. The company has contributed significantly to the production of spares for major Nigerian manufacturing entities, including the Dangote cement factories.

NMTL’s technical expertise has also been pivotal in the maintenance of Egbin Power PLC, a critical player in Nigeria’s power generation landscape.

Furthermore, NMTL has been actively involved in the supply and rehabilitation of machine tools, including a wide range of production and maintenance equipment, to prestigious clients such as NNPC Limited, Cappa D’Alberto, NAHCO, Lafarge, Arab Contractors, and Pure Chem Industries. These collaborations demonstrate NMTL’s diverse portfolio and its capacity to provide tailored solutions to a wide range of sectors, including construction,

energy, and manufacturing.

What are key takeaways from NMTL’s journey?

As we reflect on NMTL’s remarkable 45year journey, we celebrate the resilience that has defined our success. From overcoming early challenges to transforming into a privately-owned industry leader, our ability to adapt and thrive speaks to our unwavering determination.

Our commitment to quality is evident in our ISO certifications and oil & gas industry approvals, ensuring that every product we deliver meets the highest standards. This focus on excellence has been the foundation of our growth.

Innovation and sustainability have been at the core of our expansion. By diversifying our production lines and collaborating with international partners, we are not only advancing technologically but also making significant strides in sustainability.

Social responsibility remains a priority. Through initiatives like the Graduate Trainee Programme, we continue to invest in the next generation, offering practical training to fresh graduates and integrating new talent into our workforce. This programme supports our commitment to social equity, ensuring that we develop skilled professionals while also giving back to the community.

As we celebrate 45 years of success, we recognise that our future will be built on the same principles of resilience, innovation, quality, and social responsibility. NMTL’s legacy is a testament to how dedication and a commitment to excellence can position a company as a national leader in industrial manufacturing.

What can you say about NMTL’s workforce?

NMTL has addressed key workforce challenges such as talent attraction, engagement, compliance, and performance management by fostering a positive culture with competitive compensation, proactive recruitment, and effective onboarding.

Regular communication, feedback, and recognition programmes enhance employee engagement, while clear performance metrics and appreciation drive commitment. Cross-departmental collaboration is also encouraged through advanced tools and regular interdepartmental meetings.

For 45 years, NMTL has invested in upskilling and reskilling through Graduate Training, internship programmes, and industry collaborations. On-the-job training and mentoring programmes keep employees ahead of technological trends, especially in CNC machining.

With a foundation built on a relentless pursuit of excellence and a strong commitment to corporate social responsibility, NMTL is well-positioned for the future. Its ongoing focus on quality, innovation, and sustainability will continue to drive its growth and solidify its position as an industry leader, paving the way for continued success in Nigeria’s dynamic and ever-evolving industrial landscape.

Mr Norbert E. Chukwumah

Echono’s Three-year Blitzkrieg in TETFund

Uchechukwu Nnaike

One very well reasoned appointment into a very critical government department in recent years, is bound to be the “conscription” of Sonny Togo Echono to the leadership of the Tertiary Education Trust Fund, (TETFUND). The last five years of his most eventful public service career were spent as Permanent Secretary in the Federal Ministry of Education. On a daily basis, he engaged with vice-chancellors, rectors and provosts of universities, P polytechnics and colleges of education, owned by the federal government. Added together, we are speaking here of well over 100 such institutions, with the federal government hosting this tripod of institutions, universities, polytechnics and colleges of education, in most of the 36 states and the Federal Capital Territory, (FCT). Echono’s office distilled the needs of these citadels of knowledge and activated the bureaucracy of the ministry to tend to their operational requirements.

Following his retirement from service early 2022, Echono momentarily reclined into his couch to savour desired rest and rejuvenation after a racy and most eventful career. Before his last port of call in the Federal Ministry of Education, Echono’s career which began as an architect with the Federal Ministry of Works and Housing in 1987, had taken him through several key Ministries, Departments and Agencies, (MDAs), availing him multisectoral experiential rootedness across the public service. He had served variously in the Budget Monitoring and Price Intelligence Unit (BMPIU), and the Ministries of Defence; Water Resources; Environment; Agriculture and Power. He had therefore planned to shuttle between his address in Nigeria’s capital city and his countryside abode in the Idoma heartland in Benue State, which he cherishes dearly.

Duty, however, beckoned within weeks of his retirement. Echono, seasoned architect, experienced public servant, consummate patriot, was appointed Executive Secretary of TETFUND. He formally assumed office on March 18, 2022. The scheme was established by the federal government in 2011, with the primary responsibility of disbursing, managing and monitoring the deployment of education tax remitted to government-owned tertiary institutions in Nigeria. Public tertiary institutions were hitherto poorly funded. This situation, expectedly, had very negative impact on knowledge dissemination, periodically engendering unrest in the institutions. TETFUND is supervised by the Federal Ministry of Education, Echono’s last official post. This naturally has ensured smooth and seamless collaboration

between the parent ministry and its parastatal, since the onset of the Echono dispensation.

Three years into his five-year stewardship, Echono continues to chalk up milestones for the organisation. It was not going to be “business as usual” under his watch so he began with desirable “housekeeping” by addressing the work ethics in TETFUND. Previously perceived as a “cash cow,” entrenched interests had constituted themselves into a cabal which determined the award of contracts to predetermined interests. There were also murmurs and talks about stealing and underhand dealings which cast the organisation in bad light in the public sphere. Steeped and stewed in the ethos of due process and public procurement, Echono moved speedily to bring his imprimatur to bear on the workings of the organisation. He has since striven, gradually and unobtrusively, to straighten the administration of TETFUND and realign its operations with its core mandate.

Such revolutionary novelties in an organisation previously steeped and stuck in its ways were not going to make new friends for Echono. Fifth columnists in the system and their external collaborators, periodically engineered phoney petitions to anti-graft

agencies, notably the Independent Corrupt Practices and Related Offences Commission (ICPC). They equally generated submissions to the nation’s parliament contending in one particular instance, that an accumulated allocation of over N2 trillion to TETFUND over the years, could not be accounted for! The ever calm Echono has always responded to such claims and invitations to clarify the issues with impeccable documents and records. These have serially deflated the schemes and mischief of faceless rabble rousers.

Sonny Echono’s regime has brought a fresh air of activism into the endeavours of TETFUND. The federal government has also continued to reaffirm its faith in the establishment via regular upward reviews of its budgetary allocations. TETFUND continues to renew, or open fresh, possibilities for collaboration between it and a plethora of organisations. Callers at the Abuja headquarters of the organisation over time, have included the Senate and House Committees on Tertiary Institutions. Governor Ademola Adeleke of Osun State and his Cross River State counterpart, Bassey Otu, have also visited TETFUND seeking partnership. Nigeria’s Chief of Defence Staff (CDS), General Christopher Gwabin Musa has also been a guest of Echono’s TETFUND. Musa exercises oversight over the Nigerian Army, Navy and Airforce. Over the years, the military has continued to reinvent its training institutions many of which are degree awarding citadels today. Musa believes there

are areas of potential cooperation between the military and TETFUND, and has begun a conversation around this. The Federal Road Safety Corps (FRSC), recently followed the precedence of the military, when its Corps Marshal, Shehu Mohammed, led a team to TETFUND. The FRSC canvassed support for its training institutions to enhance the capacity and professionalism of road safety personnel across the country.

Simultaneously, Echono is regularly on the road with his own officials, knocking on doors of MDAs whose partnership can strengthen the enterprise of TETFUND. Among several others, he has in recent months, led delegations to the Economic and Financial Crimes Commission (EFCC), and the Nigerian Extractive Industries Transparency Initiative, (NEITI). Echono is equally a much sought-after speaker these days at university convocation lectures and similar public engagements. These have availed him the platform to address burning issues in Nigeria’s all-important educational sector. Echono’s convocation lecture at the Federal University of Technology (FUTO), Owerri, Imo State, last December, was titled ‘Impact of Leadership Selection on Governance in Public Universities in Nigeria’. At a similar event at the Olabisi Onabanjo University (OOU), AgoIwoye, Ogun State last January, Echono spoke on ‘TETFUND and Educational Development in Nigeria: The History, the Treasures and the Future’.

Echono addressed the subject ‘University Autonomy and the Challenge of Quality Tertiary Education in Nigeria’ at the convocation ceremony of the Federal University, Oye-Ekiti, Ekiti State, in February. He has deployed these speaking opportunities to address issues of inadequate funding in tertiary institutions, and to restate the imperative of the payment of tuition fees in public universities. This, he has regularly maintained is crucial to support that critical level of the educational hierarchy. Echono has canvassed synergy between institutions in the areas of research, innovation, alumni obligations and student exchange to broaden the worldview of young scholars. He has equally admonished on the inescapability of full autonomy in public universities, if educational standards must improve and be sustained. The acquisition of quality literacy never comes cheap, he has consistently maintained.

-Olusunle, PhD, Fellow of the Association of Nigerian Authors, (FANA), is an Adjunct Professor of Creative Writing at the University of Abuja

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

King’s College PTA Applauds Minister for School’s Infrastructural Improvement

The Parent Teacher Association (PTA) of King’s College, Lagos, has commended the Minister of Education, Dr. Tunji Alausa, for the timely intervention on infrastructure, especially the restoration of electricity to the campus.

Speaking at the 105th inter-house sports and athletic competition of the school, the PTA Chairman, Engr. Peter Oluwaleye, said the timely visit of the minister recently was crucial to the restoration of electricity to the campus.

He noted that the school location’s peculiarities deserve special recognition regarding renovations, adding that the PTA’s effort is insufficient

as a stakeholder in the school.

“But beyond this, the school is old. If you look at the environment of Lagos Island, it’s a salty water environment. So a lot of intervention in the building, in the railings, in the roofing, the ceiling, the electricity connection,” stated Oluwaleye.

“By now, we should be able to, apart from power from the grid, the school ought to have a mini-grid project. All these things will make life easier for the school and our students. These are the things we’re looking at.”

Oluwaleye added, “We also need the federal government to intervene in the renovation of the old space. We need government intervention. And as parents, we are trying our best. Parents have been cooperative, and the school management too has been trying its best. What we are gathering from here and there we are using it for the school. But it’s not enough. We still need more from the federal government.”

Representing the Permanent Secretary at the Federal Ministry of Education, Dr. Nasir SaniGwarzo, the Desk Officer, Mrs. Ukamaka Okafor, urged the students to embrace sportsmanship. “Sports have a transformative power that

Baptist Leader Extols Ex-Bowen VC’s Virtues

The President of the Baptist Convention, who doubles as the Head of Baptist Church in Nigeria, Rev. Dr. Olasupo Ayokunle, has extolled the sterling character of the immediate past Vice-Chancellor of Bowen University Iwo, Prof. Joshua Ogumwole and his siblings, which he described as an imperishable legacy inherited from their late father, Deacon Olaniyi Ogunwole. Ayokunle, who said this at Good Tidings Baptist Church Ogbomoso, Oyo State, during the funeral service for the father of the former VC, applauded the deceased for giving the

best education to his children and for bringing them up in the ways and fear of God.

The cleric admonished parents to learn from the shinning legacies Pa Ogunwole bestowed on his children, adding that the problems confronting the country today had their roots in the failure to give children sound moral education, as well as failure to inculcate the fear of God in them, stressing that no child with sound moral education and fear

of God would indulge in cultism, kidnapping and ritual money.

The leader of the officiating ministers, Rev. Dr. Akinbamiji, while corroborating the position of the Baptist President, recalled that the late Ogunwole lived a life of total devotion to God.

He noted that when the deceased could no longer attend church programmes due to old age, he requested that ministers of God be sent to his house for prayers and Sunday school, which was granted.

A representative of the Gideon Bible Society

unites and inspires people. This we hope to achieve and reinforce the ethos of unity in diversity,” said Okafor.

Principal of King’s College, Magaji Cheye, said the inter-house sports competition has been a “cornerstone of our school’s culture for over a century, fostering friendships, building character, and promoting academic and extracurricular excellence and, among others, provides for the physical well being of the students.”

He stated that the school has many gifted athletes, capable of achieving incredible heights and representing the college at higher levels.

announced that in honour and memory of the deceased, the society would take the Gospel of Jesus Christ to 199 countries and get the bible printed in 199 languages across the world. Ogunwole thanked the Nigerian Christendom, especially the Nigerian Baptist community, for honouring him with their massive support turnout and for giving his father a befitting burial while vowing to continue his father’s most cherished passion for education, especially by supporting people with disadvantages to acquire education.

Governor Ademola Adeleke of Osun State being received by Sonny Echono during his visit to TETFUND

ProPerty & environment

CEO’s Forum Discusses Home Ownership and Parenthood

Bennett Oghifo

The CEO’s Forum, powered by the CTTNetwork, which was held last Saturday in Lagos, provided a much-needed discourse on the intersection of home ownership and parenthood.

The brainstorming session with the theme, “Home Ownership and Parenthood: Laying a Strong Foundation,” came at a time when financial success often takes precedence over family values.

The event brought together top CEOs, industry leaders, and business executives for a transformative conversation on securing both financial and family legacies.

The forum was hosted and convened by ESV. Adetoun Otepola, Managing Director of Solid Foundation Group, with distinguished guest speakers, Praise Fowowe, Founder of Family House Africa, and Odunayo Ojo, CEO of UPDC Plc.

During a session, Praise Fowowe shared groundbreaking insights on building an effective parenting system, emphasizing the need for intentionality. He referenced a Jewish proverb: “Any enterprise built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts.” Many people invest significant effort in structuring their businesses but fail to apply the same strategic

planning to parenting, leading to struggles in raising the next generation.

Fowowe highlighted a critical paradigm shift: the old rule of parenting was emotions, but the new rule is intentional scripting powered by systems intelligence. According to him, every child is a potential savior, but not all children fulfill this destiny due to a lack of structured guidance. He identified four major challenges that undermine effective parenting: identity, history, village, and mission. Every misbehavior in a child, he stated, can be traced to a lack of self-discovery. Parenting, he explained, is a 19-year curriculum, and the results manifest after this period. To

succeed, parents must embrace a structured plan, discovery, development, and deployment

and must collaborate with their children to shape a legacy. He urged parents to create a family governance system that fills parenting gaps and ensures the right values are passed down.

Green Mortgage Set to Simplify Mortgage Processing in Nigeria

Fadekemi Ajakaiye

The official launch of Green Mortgage, Nigeria’s first online mortgage processing and approval platform is about time, the most needed tool for easy home ownership in Nigeria. This follows a successful beta phase with over 20 mortgage companies and the Family Homes Funds. Green Mortgage seamlessly integrates loan origination systems (LOS) and Documentation systems, providing home buyers with a comprehensive, all-in-one solution to revolutionise the mortgage journey from start to finish.

Mortgage, owning your dream home is now easier than ever.

High interest rates, limited access to long-term funds, and tough eligibility criteria have made mortgages less accessible to many aspiring homeowners. However, with innovative mortgage products like Green

“With Green Mortgage, we’ve combined LOS and Documentation processes into a single, streamlined platform, enhancing the entire mortgage journey for mortgage originators and borrowers alike,” said Imelda Usoro Olaoye, co-founder and CBO. “By helping thousands of people secure mortgages through www. thinkmint.ng/buyrealestate, we gained deep insights into the often disjointed and complex nature of mortgage systems. We experienced firsthand the frustrations of countless paper work, unclear interest rates and processing down times. Thus Green Mortgage was built to solve these problems by creating a seamless, modern solution for the entire industry, including borrowers and mortgage professionals alike.”

Stakeholders’ Forum for Green Policies, Informal Economy, Inclusive Growth in Nigeria Debuts

Fadekemi Ajakaiye

A Stakeholders’ Forum (SF) for Green Policies, the Informal Economy and Inclusive Growth in Nigeria was launched in Lagos, recently.

During the event held at the LCCI, Ikeja, participants tentatively named “The Renewable Energy Stakeholders’ Forum” (or SF for simplicity) and advocate hybrid meetings going forward.

The initiative, a product of a year-long collaboration

between researchers from De Montfort University and University of Lagos, highlights the important role of stakeholders’ engagement in policymaking, policy dialogue, design and implementation.

With no ministry currently

focusing solely on renewable energy in Lagos, Nigeria, the creation of the SF ensures joint efforts by stakeholders can enable Lagos, and by extension Nigeria, grant primacy to renewable energy as a viable alternative source of power supply.

The forum, comprising renewable energy practitioners, users, policymakers, top academics in the Energy space and members of the public agreed that it is imperative to explore environment-friendly energy alternatives. Dr Eghosa Igudia, the Principal Investigator (PI) of the research work which culminated in the creation of the SF revealed that in 2015, 196 countries came together to sign a pact to limit global temperatures.

NIOB: Role of Professional Builder Non-negotiable in Ensuring Safety, Durability, Compliance with Standards

Fadekemi Ajakaiye

Chairman, NIOB Lagos Chapter, Bldr. Thomas Adeyemi Adeoye, has said that the role of the professional builder is non-negotiable in ensuring safety, durability, and compliance with standards.

He stated this at a press briefing commemorating Builders’ Week, organised by NIOB, Lagos Chapter.

Adeoye said this year’s Builders’ Week theme, “Builders’ Role in Effective Building Control and Regulatory Compliance for Sustainable Construction,” underscores the importance of engaging professional and registered builders in all construction activities.

The challenges facing the construction sector, particularly incidents of building collapse, substandard construction, and regulatory non-compliance, are largely due to the engagement of unqualified individuals in building projects. A structure is only as strong as the expertise behind its construction, and the role of the professional builder is non-negotiable in ensuring safety, durability, and compliance with standards.

A well-regulated construction

industry, he said, requires strict adherence to building control measures and compliance with established regulations. Professional builders play a pivotal role in this regard by ensuring that: Building projects adhere to approved designs, specifications, and construction standards; Quality materials and best practices are employed at every stage of construction; Projects comply with regulatory frameworks, including the National Building Code and state-specific building regulationş; and Safety protocols are strictly followed to prevent structural failures and loss of lives.

UNILAG, ABDF Embrace the Future of Glass Technology

Bennett Oghifo

Glass has long been an integral part of human civilization, with its origins tracing back to ancient Egypt (Mesopotamia) and Nigeria ( Ile-Ife). Yet, despite its versatility and vast potential, the material remains underutilized in many regions of the world, including Nigeria. Currently, the University of Lagos (UNILAG), Arcline Beehive Design Foundation (ABDF) and other stakeholders are advocating for a renewed focus on glass technology, emphasizing its economic and environmental benefits with an Online Summit on April 28,

2025 and a Glass Workshop to be held on April 29, 2025 at the board room Faculty of Environmental Sciences University of Lagos. The online registration link for the event is https://bit. ly/4gHbKlr. Glass is a fundamental material in everyday life, found in homes, offices,

and industries. While historically seen as a luxury item, advancements in technology have made glass more accessible and essential across multiple sectors. The 21st century has been a breakthrough for glass manufacturing, with global industries developing innovative ways to use glass in production and construction. Recognizing the longstanding significance of glass, the United Nations Information Center, Nigeria (UNIC), in collaboration with the University of Lagos, the Lagos State Government, and the Arcline Beehive Foundation, had organized a seminar to commemorate the

International Year of Glass on April 28,2022. The event was aimed to raise awareness about the material’s importance and its potential in achieving the United Nations Sustainable Development Goals (SDGs). The partnership between the two organizations continued to flourish in 2023 and 2024.

Lagos Plans Robust Training Curriculum to Enhance Accountants Professional Capacity

Fadekemi Ajakaiye

The Permanent Secretary, State Treasury Office, and Accountant-General of Lagos State, Dr. Abiodun Muritala, has announced that plans are at an advanced stage to introduce a comprehensive training cur-

riculum aimed at enhancing the professional capacity of accountants in the state.

The initiative is part of the government’s ongoing efforts to improve financial management, accountability, and service delivery across ministries, departments, and

agencies (MDAs), according to a statement by the Head, Public Affairs State Treasury Office, STO Lagos State, Lanihu Ajala.

Speaking at a technical meeting with Directors and Heads of Finance and Accounts across all MDAs on Thursday

in Lagos, Dr. Muritala disclosed that the training program will equip accountants with modern financial skills, technological innovations, and global best practices in public sector accounting.

He emphasized the importance of capacity building,

noting that the training is designed to align with the evolving demands of financial management, particularly in the effective handling of public funds.

“This training curriculum will cover key areas such as financial reporting, auditing, risk management, and the use of digital tools for efficient financial planning and analysis. It underscores this administration’s commitment to strengthening financial processes and ensuring the prudent management of public funds.

Chief Executive Officer, Pillars & Frames Ltd, Mr Segun Adebayo (left); Managing Partner, Jackson Etti and Edu, Fola Olusanya; Group Managing Director, Solid Groups, Adetoun Otepola; Managing Director, UPDC Plc, Mr Odunayo Ojo and Consultant, Studio Mubo Eclectic Designs, Mubo Afolabi, during the CEO’s Forum on Homeownership and Parenting organised by Solid Foundation Group in Lagos

sTaT e of e mergency

r ivers: tinubu becomes third President to Declare state of emergency in 25 years

President Bola Tinubu yesterday declared a “State of Emergency” in Rivers State due to the ongoing political crisis in the state, occasioned by a political deadlock between 27 members of the State House of Assembly, said to be doing the bidding of the Minister of the Federal Capital Territory (FCT), Nyesom Wike, against the State Government led by Governor Siminalayi Fubara.

Tinubu, who claimed his action was based on a security report presented to him, subsequently announced the suspension of Fubara, his deputy, Mrs Ngozi Odu as well as the legislators for the next six months.

The state would therefore be ruled by a sole administrator pending the return of peace and tranquility in Rivers State.

“The latest security reports made available to me show that between yesterday and today there have been disturbing incidents of vandalism of pipelines by some militant without the governor taking any action to curtail them.

“I have, of course, given stern orders to the security agencies to ensure the safety of lives of the good people of Rivers State and the oil pipelines,” the president said in his national broadcast Tuesday evening.

“With all these and many more, no good and responsible president will stand by and allow the grave situation to continue without taking remedial steps prescribed by the constitution to address the situation in the state, which no doubt requires extraordinary measures to restore good governance, peace, order and security.

“In the circumstance, having soberly reflected on and evaluated the political situation in Rivers State and the Governor and Deputy Governor of Rivers State having failed to make a request to me as President to issue this proclamation as required by section 305(5) of the 1999 Constitution as amended, it has become inevitably compelling for me to invoke the provision of section 305 of the Constitution of the Federal Republic of Nigeria, 1999 as amended, to declare a state of emergency in Rivers State with effect from today, March 18, 2025 and I so do.

“By this declaration, the Governor of Rivers State, Mr Siminalayi Fubara, his deputy, Mrs Ngozi Odu and all elected members of the House of Assembly of Rivers State are hereby suspended for an initial period of six months,” he stated.

Although Tinubu is the third president to declare a state of emergency in Nigeria since the coming of the present democratic dispensation, he is however the second to suspend elected officials and appoint a sole administrator in their place.

A History of stAte of emergency DeclArAtions in nigeriA

Since Nigeria’s independence in 1960, several presidents have declared states of emergency in various states, often leading to the suspension of governors and state legislatures.

Most times, these declarations were invoked in response to political crises, ethno-religious violence, and security threats, with varying levels of federal intervention.

The first major instance occurred in 1962, when President Nnamdi Azikiwe imposed a state of emergency in the Western Region amid a political crisis within the ruling Action Group (AG).

Tensions had erupted in the regional legislature, leading to violent clashes and to restore order, the federal government suspended the regional government, effectively removing Premier Obafemi Awolowo from power.

When Nigeria returned to democracy, President Olusegun Obasanjo in 2004

declared a state of emergency in Plateau State following violent ethno-religious clashes that resulted in significant casualties and destruction.

Governor Joshua Dariye and the State House of Assembly were suspended, and a retired military officer was appointed to administer the state.

Two years later, in 2006, a similar action was taken in Ekiti State after Governor Ayo Fayose was impeached on corruption charges and political instability ensued, prompting Obasanjo to declare a state of emergency and appoint a military administrator.

Under the Fourth Republic, President Goodluck Jonathan declared a state of emergency in specific local government areas of Plateau and Ekiti States in 2010 due to renewed violence and instability.

However, it was his 2013 declaration in Borno, Yobe, and Adamawa States that marked one of the most significant interventions in Nigeria’s recent history.

The escalating Boko Haram insurgency had led to widespread violence and displacement of residents.

On 14 May 2013, Jonathan imposed a state of emergency in all three states, allowing for intensified military operations.

Unlike previous instances, then governors—Kashim Shettima of Borno, Ibrahim Gaidam of Yobe, and Murtala Nyako of Adamawa—were not suspended, but security forces were given sweeping powers to combat the insurgency.

tinubu’s intervention in rivers

On March 18, 2025, President Bola Tinubu declared a state of emergency in Rivers State amid a deepening political crisis within the opposition Peoples Democratic Party (PDP). Tensions had escalated as lawmakers attempted to impeach Governor Siminalayi Fubara and his deputy, raising concerns over governance paralysis in the oil-rich state.

In a rare move, Tinubu suspended the governor, his deputy, and all members of the State House of Assembly for an initial period of six months.

Vice Admiral Ibok Ette Ibas (rtd.), a former

Tinubu

Fubara

Wike

Alex Enumah in Abuja

Why the Choice of Vice Admiral Ibok-Ete Ekwe Ibas? profile

From all indications, Vice Admiral Ibok-Ete Ekwe Ibas’ (CFR), unwavering dedication to Nigeria exemplifies a lifetime of service that seems far from over.

From his distinguished naval career, where he safeguarded Nigeria’s maritime borders as a Chief of Naval Staff to his diplomatic role as High Commissioner to Ghana, strengthening international ties, Ibas has continually answered the call to serve.

Now, as the Military Administrator of Rivers State, he steps into yet another crucial role, bringing his wealth of experience in security, governance, and diplomacy to bear on one of Nigeria’s most strategic regions.

His trajectory suggests that as long as Nigeria faces challenges requiring seasoned leadership, Ibas will remain a key figure in shaping the nation’s future.

Born on September 27, 1960, in Nko, Cross River State, Nigeria, he has had a distinguished career in the Nigerian Navy and diplomatic service and his recent appointment as the Military Administrator of Rivers State on March 18, 2025, by President Bola Ahmed Tinubu, underscores his extensive leadership experience and commitment to national service.

Enlisting in the Nigerian Defence Academy in 1979 as part of the 26th Regular Course, Ibas was commissioned as a Sub-Lieutenant in 1983.

Throughout his naval career, he undertook various courses both domestically and internationally, specialising in areas such as technical operations, pilot training, and underwater warfare.

His academic pursuits included studies at the Armed Forces Command and Staff College, Jaji, Kaduna, and the Amphibious Warfare School of the United States Marine Corps University in Quantico, Virginia.

In July 2015, Ibas was appointed as the 22nd Chief of Naval Staff by President Muhammadu Buhari. During his tenure, he implemented

Chief of Naval Staff was appointed as caretaker administrator to stabilise the state.

Although the state of emergency declaration by President Tinubu, was part of his constitutional authority to intervene in times of crisis, the move was met with criticism over concerns about executive overreach.

On the other hand, his supporters have justified the declaration on the grounds that it is targeted at restoring peace and stability in the state.

A fIrst In south-south nIgErIA

It should be pointed out that Rivers State, although  the sixth state where a state of emergency is declared since 1999, it is, however, the first in the South South geopolitical zone and the second in the entire southern region.

Section 305 of 1999 Constitution of the Federal Republic of Nigeria, as amended empowers the President to declare a state of emergency in the whole country or any part thereof if the country is involved in any crisis situation caused by either human beings or natural phenomena such as earthquake, floods, erosion etc.

The essence of the provision is to enable the president to restore peace and order during that period of emergency after which normalcy will return. Besides, the International Convention on Civil and Political Rights 1966 (ICCPR) of the United Nations allows countries to declare a state of emergency which will involve taking measures to solve either man-made or natural exigencies and to return the country immediately to constitutional order as soon as the emergency is over.

In the Rivers State incident, while there is yet to be a breakdown of law and order, two attacks on national infrastructure in the state are said to be the immediate cause for the

significant reforms to bolster Nigeria’s maritime security.

Under his leadership, the Nigerian Navy intensified operations against maritime crimes, leading to a notable reduction in piracy, oil theft, and smuggling activities in the Gulf of Guinea.

His strategic initiatives enhanced the operational capabilities of the navy, ensuring better protection of Nigeria’s territorial

declaration of a state of emergency.

The governor has been at loggerheads with his godfather, Nyesom Wike, who had said that the heavens would not fall if Fubara were to be impeached.

wWike had also dismissed any threat from Fubara’s ethnic group, warning that no particular ethnic group has a monopoly of violence, to threaten the presidency. Wike’s declaration may have emboldened his loyalist legislators to serve notice of impeachment on Fubara and his deputy, a development which may not be unconnected with the two quick attacks on oil installations in the state.

But before the situation could degenerate, president Tinubu announced a state of emergency.

Like the Ekiti State scenario under Obasanjo, both the lawmakers were suspended alongside the governor and his deputy.

WAItIng for thE nAtIonAl AssEmbly

However, it was learnt that for the state of emergency to come into effect, it must be ratified by the National Assembly within 48 hours.

Subsection (1) of Section 305 stipulates that subject to the provision of this Constitution, the President may by instrument publish in the Official Gazette of the Government of the Federation issue a proclamation of a state of emergency in the Federation or any part thereof.

Subsection (2) provides that “the President shall immediately after the publication, transmit copies of the official gazette of the Government of the Federation containing the proclamation, including the details of the emergency to the President of the Senate and the Speaker of the House of Representatives who in their two chambers with their members will decide

waters.

Following his retirement from active military service, Ibas was appointed as Nigeria’s High Commissioner to Ghana. In this diplomatic role, he focused on strengthening bilateral relations between the two nations.

His efforts included fostering collaborations to combat regional security challenges such as piracy in the Gulf of Guinea, human

whether or not to pass a resolution approving the proclamation.

“This approval should be done within two days if the Houses are in session or within 10 days if they are not in session,” the section of the law states.

Meanwhile, according to subsection 3, the President may declare a state of emergency: when the federation is at war or where the federation is in imminent danger of invasion or involvement in a state of war, when there is actual breakdown of public order or public safety in the whole country or any part.

It also stated that this may happen when there is clear and present danger of an actual breakdown of public order and public safety or any public danger which clearly constitutes a threat to the existence of the federation or where the president receives a request from a State Governor asking him to declare a state of emergency in the Governor’s State which request must be accompanied by a resolution of the State House of Assembly.

Some Nigerians opine that there is imminent breakdown of law and order and grounding of governance owing to the inability for the state governor to re-present the state’s appropriation for 2025 in line with the order of the Supreme Court.

Moreso, the impeachment threat by the lawmakers was greeted with a counter threat to attack oil installations which is the mainstay of the Nigerian economy, hence the declaration of a state of emergency.

DIVErgEnt VIEW

Reacting, a Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, faulted the action of the president describing it as “unwarranted” and “uncalled for.” According to the senior

trafficking, and arms smuggling.

Ibas also prioritised the welfare of Nigerians residing in Ghana, engaging with the Nigerian community to address their concerns and promote their interests.

Some veterans who spotke to THISDAY on anonymity said Ibas’s appointment as the Military Administrator of Rivers State is a testament to his extensive leadership experience and strategic acumen.

lawyer, since the judiciary has intervened in the matter, the president should have allowed the court to conclude the case.

“The president should have allowed the institution to take care of the issue”, Adegboruwa stressed, pointing out that there are local government issues in Osun State, other worrisome issues in other states like Benue and Lagos but the president did not declare a state of emergency in these states.

Adegboruwa further pointed out that by suspending the governor, his deputy and the state legislature, “the president has suspended the will of the people of Rivers State “, since the governor and state legislators were all elected by the people to lead them.

He therefore called on President Tinubu to “rescind the decision” and allow the judiciary to amicably resolve the matter.

Recall that the apex court had in a judgment last month faulted Fubara for presenting the state’s appropriation before a four-member house of assembly.

The apex court which dismissed the claim of Fubara that he did not present the appropriation before the 27 lawmakers led by Martin Amaewhule because they were no longer members of the assembly on account of their defection from the PDP to the All Progressives Congress (APC), held that there was no evidence before the court on the alleged defection.

The apex court, having held that the alleged defected lawmakers were lawful members of the assembly ordered Fubara to re-present the 2025 appropriation before them and should also not hinder them in the performance of their legislative functions.

But efforts by Fubara to re-present the budget have been unsuccessful, until the declaration of the state of emergency by  Tinubu yesterday.

Ibas

polity

Refuting the Wild Claims About the Birnin Kebbi Aviation Fuel Depot

By Abdullahi Usman

It is always good to hear that evident improvements are taking place in one’s dear state. The March 12, 2025 Press Statement by the Kebbi State Commissioner of Information and Culture, Yakubu Ahmed BK, on the commissioning of a dedicated 180,000 litres capacity Aviation Fuel Depot at the Sir Ahmadu Bello International Airport (SABIA), Birnin Kebbi, Kebbi State, is one such example.

Having said that, however, his preferred mode of presentation on the significance of the said aviation fuel depot has been grossly exaggerated beyond what is practicable, and it sure didn’t need to be so. Granted, government press handlers have this general tendency to want to always make their principal look good at every opportunity, and I understand that. But even that needs to be done with some reasonable degree of decorum, which has sadly not been the case here.

To a very large extent though, the Commissioner may have achieved his primary objective of portraying his principal in the intended larger-than-life fashion to the teeming familiar crowd of the gullible ones out there. But to that same extent, he has also exposed his manifest lack of understanding and appreciation of the Aviation sector, especially as it relates to aircraft refueling operations and the strict sets of rules and procedures guiding it.

That fact alone has now presented a veritable opportunity, a teachable moment of sorts, that I would now like to take advantage of to correct some of the obvious errors in his entire narrative around the said aviation fuel depot at SABIA. To do that, we need to dispense with his ludicrous claims about the reported transformation of SABIA “from an unrecognized terminal to a hub of global aviation where flights now land, not just for pilgrims, but also for refueling from various International destinations”.

An online dictionary source defines an “international hub” as a “... central location, often an airport or a port, that serves as a major point of connection for international travel, trade, or logistics, facilitating the movement of people or goods between different countries”. The question then is, when exactly did SABIA Birnin Kebbi become an international hub, or a hub for global aviation, to use his exact words? Apart from the annual Hajj airlift operations involving a few dedicated flights as approved by the National Hajj Commission of Nigeria (NAHCON), and perhaps the occasional chartered Umrah flights here and there, which other international airlines land in Birnin Kebbi? Again, which international destinations do those flights connect from there?

Secondly, I do not regard myself as an expert on aviation fuel refueling operations by any stretch of the imagination. But having headed the nationwide refueling operations of a major oil marketer for a number of years, during which I also doubled as the Secretary of both the CEOs Forum and the Aviation Managers Forum of the Major Oil Marketers

Association of Nigeria (MOMAN), I should certainly be in a position to say a thing or two about the subject. The aviation industry is one of the most regulated industries in the world for obvious reasons, and aircraft refueling operations are no less so. There are strict sets of standards, processes and procedures guiding the establishment and operation of Aviation Depots globally, which the industry regulators and the airlines themselves do not joke with.

That is precisely why there are stipulated mandatory daily early morning checks in place that must be carried out by the jet fuel suppliers at their respective depots, along with the usual parameter tests at the foot of the aircraft that must be witnessed, recorded and signed off by the airline representatives before each refueling operation. International airlines, on their part, do also carry out scheduled annual or spot inspection audits of the depots, the refueling vehicles, technically known as bowsers, and your record keeping, amongst others, to ascertain your continuing adherence to the stipulated standards for such technically sensitive operations.

Even before those routine visits by the airline customers happen, the IATA Fuel Quality Pool (IFQP) inspectors, comprising a group of airlines that actively share fuel inspection workload and reports globally, must have inspected and certified your depot handling and refueling operations and processes. The audit findings are then published on the International Air Transport Association (IATA) portal for all member airlines to see. That initial and subsequent routine annual IFQP inspections

are done using the Joint Inspection Group (JIG) standards, which is an international organisation that monitors and ensures that the transportation and storage of jet fuel is done in a safe manner across the world’s largest airports.

The IFQP inspection and eventual certification, without which no international airline will ever patronise your refueling operations, remains one of the most eagerly anticipated and challenging periods for any Aviation Manager. It will be great to hear from the Commissioner when that IFQP audit inspection and certification took place in the case of the new aviation fuel mini depot at SABIA.

Away from the quality side of things, there is also the small matter of the constant availability of the product and its regular and timely replenishment, which can only be guaranteed by the relative size of a marketer’s secondary storage facility at the airports. The relative proximity of your secondary storage to the primary storage facilities at the jetties is also a huge factor. And the farther away one is from the other, the bigger the secondary airport storage necessarily needs to be to guarantee a reasonable stockholding of a minimum of 6 days’ supply to your contracted airline customers on average at any point.

To address that all-important airport storage issue in a more cost-effective and holistic manner, marketers have been known to come together to jointly build and operate shared common storages like the Joint Users Hydrant Installation (JUHI) at the Murtala Mohammed International Airport, Ikeja, and the Joint Aviation Facility (JAF) at the Mallam Aminu Kano International Airport in Kano, for example. Just recently, on October 17th, 2024, the Aviation Minister, Festus Keyamo, commissioned the long-awaited 15 million litres capacity JUHI 2 in Ikeja, capable of supplying 150 million litres of jet fuel monthly, which adds to the JUHI 1 and the respective marketers’ individual storages there. Again, the standard practice is that all airlines, both local and international, do have in place executed fuel supply contracts with the respective marketers that are renewed annually through an open and transparent bidding process, even though some small operators and one-time visitors do make ad-hoc purchases occasionally. As a rule, the airlines execute such contracts with more than one marketer to spread their risks, as opposed to putting all their eggs in a single basket by having only one dedicated supplier. That way, if one supplier runs out of Jet Fuel or Aviation Turbine Kerosene (ATK), as it is also called, the other(s) can easily supply them.

The suppliers must always put them on notice well in advance in the event of any anticipated supply disruptions, in order not to disrupt their flight schedules. For international airlines, specifically, they usually have programmed slots on specific days of the week for their suppliers, and any of them can cover for the other in the event of supply disruptions that may individually affect them. In the unlikely event of a general scarcity affecting all marketers, however, the airlines are usually notified to come with enough jet fuel in their tanks and only

top up with just about enough volumes to fly to the next destination to take in more.

I, therefore, struggle to rationalise the outrageous claim by the Kebbi Commissioner of Information and Culture where he stressed, for emphasis, that “it is on record that aircraft on international routes land at the airport for the sole purpose of refueling and moving on”. Apart from the requirement of the IFQP certification and the prerequisite of a subsisting business relationship between the depot operator at SABIA and the individual airlines that are both required to make that possible, the miserly 180,000 litres capacity storage does not even support such a claim. For one, it will not even earn the operator of that facility an invitation to bid for a supply contract even where international flights routinely land there, which is certainly not the case as we speak. More so, when there are numerous other marketers-owned and operated storage facilities with combined capacities running into millions of litres at the nation’s major international gateways in Abuja, Kano, Lagos and Port Harcourt, where these airlines usually land and operate from.

With such readily accessible ample storage facilities at these four strategically located major airports across the country, I wonder what level of tomfoolery will push any serious international airline pilot to make a detour to Birnin Kebbi just to refuel at its mini depot that is the equivalent of only a few of fuel tankers in terms of capacity. Aviation refueling is not your typical petrol or diesel refueling activity, where the Danfo minibus or Molue commercial drivers may be at liberty to break their journey at will to refuel at any available roadside filling station, enroute their respective destinations.

Plus, the average ATK volumes consumed by these international flights in a single refueling operation is such that SABIA’s 180,000-litre capacity storage will not even be attractive enough. Just by way of illustration, a DHL Cargo flight from Lagos to Johannesburg will take an average of 65,000 litres of jet fuel during refueling, for example; a British Airways flight to London Heathrow with require around 70,000 litres; just as a Delta Airlines non-stop flight from Lagos to Atlanta will consume between 120,000 to 130,000 litres. Pray, what quantity will be left for the depot operators’ local airline customers after a single refueling operation?

The fact that one or two local airlines flying into Sokoto might have ran into a possible stockout situation at the Sir Abubakar III International Airport and proceeded to Birnin Kebbi to take a few thousands of litres is not enough justification to make those wild claims about international airlines refueling there. If it holds true, the Commissioner should please release the names of those airlines and the respective dates they stopped over just to refuel. In conclusion, I am saying all this just to let the author understand and recognise the untenable slant to his wide-off-the-mark claims, and to urge him to please desist from making such embarrassing submissions that are not backed by facts or logic in the future.

Nigeria Adopts Proactive Flood Strategy

To Curb Disaster Ahead Of Rainy Season

We must act now to protect lives and livelihoods, Shettima warns VP: Tinubu has proven his leadership mettle Says we’re exploring alternative energy sources, investing in green technology to transform lives of Nigerians

Deji Elumoye in Abuja

Vice President Kashim Shettima has disclosed that the Federal Government has moved Nigeria’s flood response from reactive disaster relief to proactive preparedness with the launch of the Anticipatory Action Task Force (AATF) on Floods. According to him, the initiative aligns with global frameworks such as the Sendai Framework for Disaster Risk Reduction, the Sustainable Development Goals (SDGs), and the Paris Agreement on Climate Change, which emphasises proactive disaster preparedness to mitigate the impact of natural disasters and protect vulnerable communities.

Shettima, who gave the hint on Tuesday during a meeting of the Anticipatory Action Task Force

(AATF) on Floods at the State House in Abuja, said the traditional response of mobilising relief after floods strike is no longer sustainable.

“We cannot afford to wait for disaster to strike before taking action. The human and economic toll of floods in Nigeria has become unbearable. We must act now to protect lives and livelihoods by leveraging science, technology, and collaboration,” the Vice President stated.

Members of the Task Force include Nigerian Meteorological Agency (NiMET), the Nigeria Hydrological Services Agency (NiHSA), the National Emergency Management Agency (NEMA), the Federal Ministry of Humanitarian Affairs and Poverty Reduction, alongside state emergency management agencies and

international development partners.

According to Shettima, “Prevention is always cheaper than response, and investing in early action today will save billions in future losses. We need to strengthen coordination among agencies, engage local communities, and ensure that preparedness efforts are backed by real-time data.”

Earlier in his remarks, United Nations Resident & Humanitarian Coordinator in Nigeria, Mohamed Fall, explained that the United States’ suspension of humanitarian funding is a wake-up call for us to be more efficient, adding that “transitioning from reactive aid to anticipatory action is critical.

“As we approach the rainy season, we must factor in these developments and ensure that our interventions

are timely and effective,” he further noted.

Also, Head of the UN Office for the Coordination of Humanitarian Affairs (OCHA) in Nigeria, Trond Jensen, commended the initiative, explaining that “a critical part of humanitarian response is anticipatory action; not only are we saving lives and reducing vulnerability, we are doing it more efficiently.”

He further commended the government’s leadership, stating that “we are the vanguard of innovation in anticipatory action, and for that, we are grateful to be your partners.”

On her part, Director General of NEMA, Mrs. Zubaida Umar, narrated ongoing efforts to enhance disaster preparedness, including the development of the Hazard Risk

Countrywide Analysis, a document aimed at strengthening Nigeria’s resilience against flooding.

“We have established a national coordination forum, bringing together all relevant agencies to ensure readiness. This effort is based on the seasonal climate predictions from NiMET, ensuring that all stakeholders are on high alert,” Umar said.

Also, Special Assistant to the President on Humanitarian Affairs and Development Partners, Inna Binta Audu, explained the progress made by the task force, saying it has already conducted substantial work, with extensive data collection spanning three decades.

“Presently, we have collated relevant data going back 30 years to be used for the Anticipatory Action Framework for Nigeria,” she said.

Also on Tuesday, the Vice President said President Tinubu has proved his mettle as a courageous and decisive leader through bold and hard policies, including the removal of subsidy on petroleum products, which are gradually transforming Nigeria into one of the largest economies in the world. He assured, however, that measures being put in place to address the challenges caused by the subsidy removal such as alternative energy sources, and investment in green technology will soon improve the living standard of Nigerians. Shettima disclosed this when he received a delegation from the Harvard Kennedy School Alumni on a Nigeria-Ghana Trek at the State House, Abuja.

Yakubu Ahmed BK

g lob A l l e A ders & p olicy mA kers

Oluremi Tinubu:

DistinguisheD Politician / aDvocate for Women emPoWerment

Leading this pack is Nigeria’s first lady, Senator Oluremi Tinubu, who served three terms as a federal lawmaker. A firm believer in investing in human capital and youth empowerment, in the Upper Chambers she received the award for the most impactful female senator at the time. An educator, and advocate for women’s rights and social development, she played a significant role in Nigeria’s political landscape, championing bills and policies aimed at improving education, social welfare, and women’s empowerment as senator.

She was instrumental in sponsoring initiatives focused on youth development, poverty alleviation, and gender equality. Now, through her ‘The Renewed Hope Initiative’ (RHI), operated in six geopolitical zones, 36 states, and 774 local government areas, she aims to assist and support individuals, particularly women, children, and vulnerable groups.

ngOzi OKOnJO-iweala:

trailblazer in global economic leaDershiP

Dr. Ngozi Okonjo-Iweala is a globally respected economist, policymaker, and development expert who has made history in numerous ways. Okonjo-Iweala is the first African and first woman to lead the World Trade Organisation (WTO) as its Director-General.

Her appointment marked a significant milestone in global economic leadership, reinforcing her reputation as a transformative figure in international finance and trade.

Before taking the helm at the WTO, Okonjo-Iweala served twice as Nigeria’s Minister of Finance (2003–2006, 2011–2015), where she spearheaded critical economic reforms that helped stabilise the country’s economy.

She was instrumental in negotiating debt relief for Nigeria in 2005, leading to the cancellation of $18 billion in external debt. Her policies also enhanced transparency in public finance, strengthened institutions, and promoted economic growth. Among others, beyond Nigeria, she has held key positions at the World Bank, rising to the role of Managing Director.

amina mOhammed:

chamPion of sustainable DeveloPment

Amina J. Mohammed is a Nigerian diplomat and development expert who has made significant contributions to global policy, particularly in sustainable development and gender equality. Mohammed has dedicated her career to advocating for inclusive growth, environmental sustainability, and social justice.

Currently serving as the Deputy Secretary-General of the United Nations (UN) since 2017, Mohammed plays a crucial role in driving the UN’s Sustainable Development Goals (SDGs). She was instrumental in shaping the 2030 Agenda for Sustainable Development, a global framework aimed at eradicating poverty, promoting equality, and tackling climate change.

Before her UN appointment, she served as Nigeria’s Minister of Environment (2015–2016), where she led efforts to combat climate change, protect biodiversity, and implement environmental policies. She also played a key role in negotiating Nigeria’s involvement in the Paris Climate Agreement.

JusTice KudiraT KeKere-eKun:

excePtional Jurist

Justice Kudirat Kekere-Ekun is a highly respected Nigerian jurist who has made significant contributions to the country’s legal system. She currently serves as the Chief Justice of Nigeria (CJN) and plays a crucial role in interpreting the law, upholding justice, and shaping legal precedents.

She began her judicial career as a Judge of the Lagos State High Court in 1996 before being elevated to the Court of Appeal in 2004. Her expertise in constitutional law, electoral disputes, and human rights cases earned her recognition, leading to her appointment as a Justice of the Supreme Court in 2013 and as CJN by the Tinubu administration.

Throughout her career, Justice Kekere-Ekun has delivered landmark judgments that have influenced Nigeria’s legal and political landscape. She is known for her firm stance on justice, integrity, and legal reforms, making her one of the most influential female figures in Nigeria’s judiciary.

KanayO awani:

leaDer in african traDe anD Devt finance

Kanayo Awani is a distinguished Nigerian banker and trade finance expert, known for her contributions to economic development and intra-African trade. She currently serves as the Executive Vice President of the Intra-African Trade Bank at Afreximbank, where she plays a pivotal role in advancing Africa’s trade and industrialisation agenda.

With extensive experience in banking and finance, Awani has been instrumental in shaping policies that promote regional trade, economic integration, and financial inclusion across Africa. She has led initiatives such as the African Continental Free Trade Area (AfCFTA) Adjustment Fund, aimed at supporting businesses and governments in adapting to new trade policies.

Before joining Afreximbank, Awani held senior positions in Citigroup, where she gained expertise in trade finance, risk management, and corporate banking. Her leadership at Afreximbank has significantly contributed to Africa’s economic transformation, particularly in boosting trade financing for small and medium-sized enterprises (SMEs) and fostering industrial development.

JusTice amina augie: unrivalleD legal minD

Justice Amina Augie is a highly respected Nigerian jurist and a Justice of the Supreme Court of Nigeria. With a career spanning several decades, she has played a significant role in shaping Nigeria’s legal landscape, particularly in constitutional law, electoral disputes, and human rights cases.

Born in Kebbi State, she began her judicial career as a lecturer before becoming a Judge of the High Court in Sokoto State. She later served at the Court of Appeal, where she spent over 13 years delivering landmark judgments before being appointed to the Supreme Court in 2016. Justice Augie is widely recognised for her intellectual depth, fairness, and commitment to upholding the rule of law. Over the years, she has contributed significantly to legal reforms, particularly in electoral jurisprudence, ensuring justice and transparency in Nigeria’s democratic processes.

go V ernment & po L itics

May agbaMuche-Mbu:

IndefatIgable electoral UmpIre

May Agbamuche-Mbu is a distinguished Nigerian lawyer and public servant, best known for her role as a National Commissioner at the Independent National Electoral Commission (INEC). She has been instrumental in overseeing electoral processes, ensuring transparency, and strengthening Nigeria’s democratic institutions.

With a background in law, Agbamuche-Mbu has decades of experience in legal practice, governance, and public administration. Before joining INEC, she was a seasoned legal practitioner, serving in various capacities, including corporate law and public service.

At INEC, she has played a crucial role in electoral reforms, policy implementation, and election monitoring, particularly in the South-south region, where she represents. Her contributions have been vital in promoting free, fair, and credible elections in Nigeria.

advancIng afrIca’s global InflUence

Fatima Kyari Mohammed is a Nigerian diplomat and international development expert, known for her leadership in African affairs and global diplomacy. She currently serves as the Permanent Observer of the African Union (AU) to the United Nations (UN), a role in which she represents Africa’s interests on the global stage, fostering cooperation between the AU and the UN.

With a strong background in peacebuilding, sustainable development, and regional integration, Mohammed has worked extensively in policy formulation, governance, and conflict resolution across Africa. She holds degrees in Conflict, Peace, and Security from the Kofi Annan International Peacekeeping Training Centre, as well as in Development Studies and Management from prestigious institutions.

Before her current role, she contributed to strategic initiatives in regional economic development, trade policies, and humanitarian response, advocating for Africa’s priorities in global discussions. Her leadership at the AU-UN mission has been instrumental in addressing key challenges such as peacekeeping, climate change, economic development, and youth empowerment across the continent.

Mohammed continues to be a driving force in international diplomacy, working to strengthen Africa’s voice in global governance and advance policies that support the continent’s growth and stability.

hadIza sabuwa balarabe:

drIvIng governance reforms

Hadiza Sabuwa Balarabe made history as the first female Deputy Governor of Kaduna State. A medical doctor by profession, she has leveraged her expertise in public health administration to drive impactful governance.

Before her political career, she served as the Executive Secretary of the Kaduna State Primary Health Care Development Agency, where she strengthened healthcare delivery systems.

As Deputy Governor, Balarabe has been instrumental in implementing key policies in healthcare, education, and economic development.

She has championed governance reforms in Kaduna State, focusing on service delivery, transparency, and efficiency in government operations. Her leadership continues to inspire women in public service and governance.

IretI KIngIbe:

development advocate

Senator Ireti Kingibe is a Nigerian politician, engineer, and advocate for social development. She made history in 2023 when she was elected as the Senator representing the Federal Capital Territory (FCT) under the Labour Party (LP), becoming the first female senator from the FCT and one of the few women in Nigeria’s National Assembly.

Kingibe holds a degree in Civil Engineering from the University of Minnesota, USA. She has had a distinguished career in both engineering and politics, working on key infrastructural projects in Nigeria before venturing into public service.

Her political journey spans decades, having been involved in governance and advocacy for better infrastructure, youth empowerment, and gender inclusion. As a senator, she is focused on improving the lives of residents in the FCT, pushing for policies on affordable housing, job creation, and improved social services.

natasha aKpotI-uduaghan:

bold voIce for good governance

Natasha Akpoti-Uduaghan is a Nigerian politician, lawyer, and social entrepreneur known for her advocacy for good governance, infrastructure development, and women’s empowerment.

She made history in 2023 when she was elected as the Senator representing Kogi Central Senatorial District, becoming the first female senator from Kogi State under the Peoples Democratic Party (PDP).

Akpoti-Uduaghan holds a law degree from the University of Abuja and a master’s degree in International Business from the University of Dundee, Scotland. Before venturing into politics, she gained recognition for her work in industrial development, particularly her advocacy for the revival of Nigeria’s Ajaokuta Steel Company, which she believes is key to economic growth and job creation.

Her political journey has been marked by resilience and a strong commitment to equity, infrastructure, and social welfare. She first contested the Kogi governorship election in 2019 and later ran for the Senate, facing numerous challenges but eventually securing victory in 2023.

JuMoKe oduwole:

bUsIness reform champIon

Dr. Jumoke Oduwole is a distinguished Nigerian academic, policy expert, and advocate for business reform. She is best known for her work in driving ease-of-doing-business initiatives in Nigeria and shaping economic policies that promote private sector growth.

She currently serves as the Minister of Industry, Trade and Investment and was Special Adviser to the President on Presidential Enabling Business Environment Council (PEBEC) & Investment, where she led efforts to improve Nigeria’s business environment, reduce bureaucratic hurdles, and attract investments.

Under her leadership, Nigeria made significant progress in global ease-of-doing-business rankings, implementing key reforms that benefit entrepreneurs and investors.

FatIMa KyarI MohaMMed:

go V ernment & po L itics

Bianca Odumegwu-Ojukwu

Politician & DiPlomat

Bianca Odumegwu-Ojukwu, is a diplomat, lawyer, business woman, beauty pageant titleholder and an international pageant holder.

Formerly a Presidential Advisor, she was appointed as the Minister of State for Foreign Affairs on October 23, 2024 by President Tinubu.

She is a principal member of the Board of Trustees of the All Progressives Grand Alliance (APGA), a political party founded by her late husband, and which has maintained political power in Anambra State for over almost two decades.

In her ministerial capacity she has the responsibility to better Nigeria’s image in the international community through her wealth of experience.

Hannatu musawa:

niGeria’s culture & tourism amBassaDor

Hannatu Musa Musawa is a Nigerian lawyer, politician, and author who has served as the Minister of Art, Culture, Tourism and Creative Economy since 2023.

She is from Katsina State in northern Nigeria and belongs to the Hausa-Fulani ethnic group.

Musawa has had a varied and successful career in different fields. She has worked as a lawyer in private companies, providing legal counsel and representation in various matters.

She has also specialised in marine affairs and oil & gas law, demonstrating her competence in these challenging areas.

She was appointed minister by President Bola Tinubu in 2023, after serving as his special adviser on culture and entertainment economy.

She oversees the promotion and development of the creative sector in Nigeria, as well as the preservation and display of the country’s cultural heritage.

She remains key to fulfilling the diversification agenda of the current administration.

imaan sulaiman-iBraHim:

livinG For the cause oF Women

Imaan Sulaiman-Ibrahim is an international expert and thought leader in Security, Conflict Resolution, Humanitarian and Disaster Management, Development and Migration Governance.

She is the former Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) and former Federal Commissioner of the National Commission for Refugees, Migrants and Internally Displaced Persons.

Sulaiman-Ibrahim was appointed as the first female Minister of Police Affairs in August 2023.

She is currently the Minister of Women Affairs in the administration of President Bola Tinubu.

She has since been championing gender equality and policies that better uplift living standards of women in the country as remains a key vehicle for uniting women towards a common course.

dOris uzOka-aniete:

From inDustry to Finance, the Beat Goes on Doris Nkiruka Uzoka-Anite is a Nigerian politician, medical doctor and financial analyst.

She served as Minister of Industry, Trade and Investment of Nigeria between August 2023 and October 2024. On November 2, 2024, she was redeployed as Minister of State for Finance after a cabinet rejig by President Bola Tinubu.

As minister of trade, she worked tirelessly towards ensuring that Nigeria develops a National Trade Policy.

Also, Uzoka-Anite, mid-wifed a strategic meeting with local syringe manufacturers that resulted in various Executive Orders issued by Tinubu to boost local production of health equipment.

dr. suwaiBa said aHmad: chamPioninG eDucation reForm

Dr. Suwaiba Said Ahmad is leading efforts to reform and improve Nigeria’s education system as the Minister of State for Education.

With a strong background in academia and public administration, she is committed to expanding access to quality education, particularly for underserved communities.

Under her leadership, the Ministry of Education has prioritised policies that strengthen technical and vocational education, increase literacy rates, and address structural challenges in the sector.

She is a vocal advocate for girl-child education and has spearheaded initiatives to promote school enrolment and retention across Nigeria.

Hadiza Bala usman:

tinuBu’s Policy Guru

Hadiza Bala Usman is a Nigerian politician and former Managing Director of the Nigerian Ports Authority (NPA) from 2016 to 2021.

She previously served as the chief of staff to the governor of Kaduna State from 2015 to 2016 and was appointed Special Adviser on Policy and Coordination, Central Delivery Coordination Unit (CDCU) to President Bola Tinubu in June 2023.

She is widely credited for spearheading reforms at the NPA, amid opposition from vested interests.

Bala Usman has been recognised for her as Queen of the Maritime, in view of her achievements both in the maritime sector and Nigeria’s public service among Under 50 Leaders in Public Service in 2021 when she received the outstanding female executive in public service (Maritime) award alongside other prominent women in public service.

Business & Fin A nce

Yetunde Oni:

Banker Par excellence

Yetunde Oni is a Nigerian banker, Managing Director/Chief Executive of Union Bank and the first female Managing Director and CEO at Standard Chartered Bank in Sierra Leone. Oni is a highly accomplished financial services leader with a successful career spanning over 30 years.

She has held senior positions in international and local banks, focusing on emerging markets. In January 2024, she was appointed by the Central Bank of Nigeria (CBN) to steer the affairs of Union Bank of Nigeria following the dissolution of the Board and Management of Union Bank, Keystone Bank, and Polaris Bank.

fatima alikO dangOte:

sPearheaDing Dil’s commercial oPerations

Fatima Aliko Dangote is Group Executive Director Commercial Operations at Dangote Industries Limited (DIL).

Referred to as a silent achiever, she takes control of Group’s commercial operations, covering all business units, including sugar, salt, cement, and oil and gas, and has the responsibility to drive commercial operations across the various Dangote business units.

She oversees the development and delivery of the Holding Company’s commercial brand and communications, strategic procurement and general administration.

Previously, she had worked as the Executive Director, Commercial at NASCON Allied Industries Plc (NASCON), a Technical Specialist in the Strategy Unit and Executive Assistant to the Group Executive Director, Business Development and Portfolio Management at Dangote Industries.

She is a Member of the Nigerian Bar and was previously an Associate at Banwo & Ighodalo. She has also previously run her own independent confectionary business and real estate company.

Fatima is passionate about philanthropy and is actively involved in the work of the Aliko Dangote Foundation. She holds a law degree from the University of Surrey, United Kingdom and has attended leadership executive programmes at Columbia University, Wharton School, and Cambridge University.

nkiru anumudu:

BUsinesswoman anD inFlUential socialite

Nkiru Anumudu is a respected Nigerian businesswoman and prominent figure in the corporate and social circles. As the wife of the late Willie Anumudu, the billionaire Chairman of Globe Motors, she has played a key role in the business landscape, particularly in Nigeria’s automobile sector.

While widely known for her presence in high society, Nkiru has also been instrumental in managing business interests alongside her late husband, helping to strengthen Globe Motors’ position as a leading auto dealership in the country.

Beyond business, Nkiru Anumudu is recognised for her extensive network and influence, leveraging her connections to support philanthropic initiatives and economic opportunities.

Her keen sense of style may have made her a fixture in fashion publications, but it is her business acumen and strategic partnerships that have cemented her legacy in Nigeria’s corporate world.

Owen OmOgiafO:

Driving UnPreceDenteD growth at transcorP

Owen Diana Omogiafo is a Nigerian business executive and strategist. She is the President and Group Chief Executive Officer of Transnational Corporation Plc (Transcorp Group), a diversified conglomerate with strategic investments in the Power, Hospitality and Oil and Gas sectors.

On May 28, 2023, she was conferred one of Nigeria’s national honours - Officer of the Order of Niger (OON) by Nigeria’s former president, Muhammadu Buhari.

She has worked in diverse roles including as Director of Human Resources at Heirs Holdings, Chief of Staff, Human Resource Advisor to the GMD/CEO at United Bank for Africa (UBA) and as an Organisation and Human Performance Consultant at Accenture, specializing in Change Management. Her early career commenced in stock broking and later, she moved to banking where she held various roles spanning Operations, Service Quality Management and Relationship Management. Prior to joining UBA, she worked with Accenture where she covered various projects and clients spanning the Private and Public sectors and diverse industries.

evelYn Oputu:

laiD soliD FoUnDation at Boi

Evelyn Ndali Oputu is a Nigerian banker, and former Managing Director of the Bank of Industry (BoI). She broke through the “glass ceiling” to reposition the development finance institution on the right pedestal, her actions and policies paved the way for the astonishing successes that the bank still accomplishes today.

Under her watch, the volume and quality of the bank’s risk assets improved phenomenally, growing by 1,591.22 per cent in six years to N166 billion by 2011 from N9.8 billion in 2005, while the portfolio at risk reduced to 14 per cent from 65 per cent over the same period.

Oputu further facilitated increased and continued involvement in national development, including the management of 25 initiatives on behalf of federal and state governments, private sector entities, foreign agencies and international organisations.

In recognition of her outstanding contributions to Nigeria’s development, she was conferred with a national honour of Officer of the Order of the Niger (OON) in 2008 by the Government of Nigeria and an honorary Doctorate Degree in Business Administration by Nigeria’s first private University, the Igbinedion University in 2010, among other achievements.

BOlaji agBede: Blazing the trail at access Bank

Bolaji Olaitan Agbede is a Nigerian banker and corporate executive who is the acting Managing Director and Group CEO of Access Holdings, a position she ascended to since 12 February 2024, following the death of Herbert Wigwe.

At the time she was appointed acting CEO, she was the company’s most senior founding executive director, responsible for business support. No doubt as one of the Group’s EDs, her contribution to the growth of the institutions cannot be underestimated.

Agbede’s career stretched back more than 27 years, with experience in banking operations, customer relationship management, and human resources management. She began her professional career with Guaranty Trust Bank in 1992 and rose to the position of Manager in 2001.

In 2003, she served as CEO of JKG Limited, a business consulting firm. She joined Access Bank Plc in 2003 as an Assistant General Manager and became the Group Human Resources Director in 2010, serving in that capacity until 2022. In 2022, she was appointed the company’s founding executive director, in charge of business support.

Arise women mAking impAct…

Business & Fin A nce

AdAorA Umeoji:

Driving Financial innovation at Zenith Bank

Dame (Dr.) Adaora Umeoji made history as the first woman to lead Zenith Bank, one of Nigeria’s largest financial institutions. With nearly three decades in banking, including over 26 years at Zenith Bank, she has been instrumental in driving financial innovation and digital transformation. Her leadership is defined by resilience, strategic thinking, and adaptability, inspiring many in the industry. Recognised with the Officer of the Order of the Niger (OON) in 2022, she continues to shape the future of Zenith Bank while reinforcing its position as a leading financial institution. Her educational background includes advanced degrees in sociology, accounting, law, and business administration from institutions such as the University of Jos, Baze University, the University of Salford, and the University of Calabar.

NNekA oNyeAli-ikpe:

championing FiDelity Bank’s expansion

Dr. Nneka Onyeali-Ikpe has led Fidelity Bank’s expansion and transformation since 2021, strengthening its presence in agribusiness, non-oil exports, and aviation financing.

Under her leadership, the bank has achieved remarkable milestones, including increased support for key sectors and strengthening its footprint in Nigeria’s financial industry.

With over 32 years of banking experience, she previously drove profitability as Executive Director for Lagos and the Southwest. A law graduate from the University of Nigeria, Nsukka, and King’s College London, she has refined her leadership skills at Harvard and Oxford. Honoured with Nigeria’s Officer of the Order of the Niger (OON) award, she continues to shape economic growth and financial inclusion.

yemiSi edUN: steering growth at FcmB

Yemisi Edun has been instrumental in driving strategic growth and innovation at First City Monument Bank (FCMB) since her appointment in May 2021. Under her leadership, FCMB has expanded its footprint and strengthened its focus on SME financing.

With over 30 years of experience, she began her career at Akintola Williams Deloitte, focusing on corporate finance and bank audits. She joined FCMB in 2000, serving as Chief Financial Officer before taking on her current role.

Edun holds a bachelor’s degree in Chemistry from the University of Ife and a master’s degree in International Accounting and Finance from the University of Liverpool. A Chartered Accountant and CFA Charterholder, she continues to shape Nigeria’s banking landscape through innovation and financial inclusion.

ireti SAmUel-ogbU:

DistinguisheD

Banker, Barriers Breaker

Ireti Samuel-Ogbu is a distinguished Nigerian banker with a career spanning over three decades at Citibank. She held various significant positions across multiple regions, demonstrating her expertise and leadership in the financial sector.

In August 2024, Samuel-Ogbu concluded her tenure as MD/CEO of Citibank Nigeria Limited, with Nneka Enwereji succeeding her in the role. Her departure marked the end of a notable chapter in the bank’s leadership, during which she made significant contributions to its operations and growth.

Throughout her illustrious career, Samuel-Ogbu was a trailblazer, breaking barriers and setting precedents for women in the banking sector. Her journey reflects a blend of dedication, expertise, and pioneering spirit.

kAfilAt ArAoye: championing ethical Banking at lotus Bank

Kafilat Araoye is redefining ethical banking in Nigeria as a specialist in Islamic finance, banking operations, and payments. She brings a wealth of expertise in financial strategy and risk management. She holds a degree from Obafemi Awolowo University and an MSc from the University of Lagos, with executive training from Cranfield, INSEAD, and Ross Business School. Her leadership stands out for driving financial inclusion, pioneering non-interest banking solutions, and advocating ethical finance.

A respected voice in the industry, she has served on key CBN committees and international banking forums. Under her leadership, LOTUS Bank continues to expand access to responsible banking and innovative financial solutions in Nigeria.

ChiNwe iloghAlU:

aDvancing Financial innovation at nova Bank

Chinwe Iloghalu is steering NOVA Bank towards innovation and sustainable growth. With over 27 years of experience in banking, she has expertise across key sectors, including oil & gas, manufacturing, fintech, and exports.

She holds a B.Sc. in Industrial Chemistry from the University of Benin, an MBA from ESUT Business School, and an MSc in Marketing Communications from Pan-Atlantic University. She has also completed executive programmes at Oxford, Wharton, Harvard, and Lagos Business School.

A fellow of the Institute of Credit Administration, she is known for fostering strategic partnerships, driving financial inclusion, and strengthening corporate banking relationships to create long-term value in Nigeria’s financial sector.

Business & Fin A nce

MiriaM Olusanya:

Shaping the Future oF gtB

Miriam Olusanya is shaping the future of one of Nigeria’s leading financial institutions, Guaranty Trust Bank (Nigeria) Limited. With over 25 years of experience in financial markets, corporate finance, and investment banking, she has played a key role in driving the bank’s asset and liability management strategies.

She holds a B.Pharm from the University of Ibadan and an MBA from the University of Liverpool, with executive training from top global institutions.

A Non-Executive Director at GTBank Gambia and NIBSS, Olusanya is instrumental in advancing digital banking and financial inclusion. Her leadership continues to reinforce GTBank’s dominance in wholesale banking while fostering innovation in Nigeria’s financial sector.

BelinDa “Bella” Disu:

expanDing telecom anD real eState

Belinda “Bella” Disu is a prominent Nigerian business executive known for her leadership in the telecommunications and real estate sectors. She has played a pivotal role in the expansion of Globacom, Nigeria’s leading telecommunications company, since joining in 2004.

She holds a Bachelor of Arts in International Relations from the University of Massachusetts, Boston, and a Master of Science in Leadership from Northeastern University. Beyond telecommunications, she is the CEO of Cobblestone Properties and Estates Limited and chairs the board of Abumet Nigeria Limited, a glass and aluminium manufacturing company.

She also serves as a non-executive director of Julius Berger Nigeria Plc. An advocate for women’s empowerment, Disu actively supports initiatives that foster youth entrepreneurship and economic development across Africa.

sOla DaviD-BOrha:

tranSForming the Banking Sector aS Director, StanBic Bank group

Sola David-Borha is a seasoned financial executive who played a transformative role in Nigeria’s banking sector as the former CEO of Stanbic IBTC Bank.

She currently serves as a Director at Stanbic Bank Group, where she continues to influence the financial industry across Africa.

During her tenure as CEO, she drove the bank’s expansion, enhanced risk management frameworks, and improved financial inclusion strategies.

Her leadership contributed to Stanbic IBTC’s strong market position, making it one of Nigeria’s most trusted financial institutions. She remains a key figure in corporate governance and financial strategy.

haliMa BuBa: Driving Financial incluSion aS managing Director & ceo oF Sun truSt Bank

Halima Buba is the Managing Director and CEO of Sun Trust Bank, where she has been a driving force in expanding access to financial services, particularly for small and medium enterprises (SMEs).

With over two decades of banking experience, she has played a critical role in shaping Nigeria’s financial landscape.

An advocate for women in leadership and youth empowerment, Buba has led initiatives that promote financial literacy and support for entrepreneurs. Her leadership has positioned Sun Trust Bank as an emerging powerhouse in Nigeria’s banking sector.

eMeM nnana usOrO: overSeeing corporate ServiceS at cBn

Emem Nnana Usoro is currently Deputy Governor of Corporate Services at the Central Bank of Nigeria (CBN), bringing over two decades of banking experience to her role.

She holds a bachelor’s degree in Biochemistry from the University of Uyo and an MBA from Obafemi Awolowo University. An alumna of Harvard Business School and Lagos Business School, Usoro is also a Fellow of the Chartered Institute of Bankers of Nigeria.

Her extensive career includes significant roles at United Bank for Africa (UBA), where she served as Executive Director for the Nigerian North Bank, focusing on expanding financial inclusion and literacy in Northern Nigeria. At the CBN, she oversees Human Resources Management, Capacity Development, Medical Services, Security Services, Legal Services, and Corporate Communications, ensuring strategic alignment with the bank’s objectives.

Arise women mAking impAct…

Daisy Danjuma: Politician & PhilanthroPist

The Executive Chairman of South Atlantic Petroleum (SAPETRO), Senator Daisy Danjuma, is an uncommon woman with diverse background in legal practice, corporate organization and politics.

Danjuma started her legal career in the Department of Public Prosecutions as a state counsel in the Lagos State Ministry of Justice. She later became a pioneer legal counsel to the Legal Aid Council of Nigeria.

From there, she moved into the corporate world by joining the Nigerian Acceptance Limited. She later spent over 10 years as Company Secretary/Legal Adviser to the Nigerian Television Authority (NTA) before moving into private practice.

Danjuma became a senator in 2003. After her stay in the Senate, she held the position of Executive Vice Chairman of SAPETRO until December 2023 when she was appointed as the Executive Chairman.

uju ifejika:

leading oil/gas woman

The Chairman/Chief Executive Officer of Brittania-U Nigeria Limited, Ms. Catherine Uju Ifejika, joined the company in 2007 as Chair/CEO and has since steered the indigenous company to its current market leading position.

She holds the distinction of being the first and so far, the only woman to become chair and CEO of an Upstream E&P Company in Nigeria.

Also her leadership of Brittania-U has brought a number of significant ‘firsts’. The Ajapa Floating Production Storage Unit, 100 per cent owned and operated by the company, produced its first oil from drilling in 17 months; a feat yet to be equaled by any other company of its kind in Nigeria. She has set up six subsidiary companies in seven years, receiving numerous awards for good governance and management in Nigeria, the US, China, and Europe.

Ifejika’s career in the petroleum industry started with her joining Texaco’s legal department in 1987 as junior counsel. She later rose to become the company secretary in 1997. In 2003, her Government and Public Affairs responsibilities were extended to Cameroon, Togo, Benin, Cote D’Ivoire, and the Democratic Republic of Congo.

winifreD akpani: chamPion of downstream oil & gas

The Founder/Chief Executive Officer of Northwest Petroleum and Gas, Ms. Winifred Akpani, , is known for her distinguished contributions to the oil and gas industry.

A chartered accountant, Akpani began her career as a trainee accountant at Oni Lasebikan and Co. (now Ernst & Young) in 1987. She subsequently joined Arthur Anderson & Co. (now KPMG Professional Services), where she qualified as a Chartered Accountant in 1990.

She joined Flame Petroleum & Gas Company Limited in 1992 as a financial controller and was promoted to executive director in 1997.

In 1998, she founded Northwest Petroleum & Gas Company Limited with an initial capital of N200,000. The company started by distributing diesel in 200-liter drums to homes, guest houses, banks, and corporations.

Over time, Northwest Petroleum expanded its operations to include international oil trading and service transactions, as well as investments in the midstream and upstream sectors of the Nigerian oil and gas industry.

aDesuwa Dozie: lawyer & oil woman

With her position as the Vice Chairman of ExxonMobil Nigeria Limited, Mrs. Adesua Dozie, is responsible for Mobil Producing Nigeria (MPN) Unlimited and Esso Exploration and Production Nigeria (EEPN) Limited.

Dozie had previously served as an executive director and the general manager of MPN and EEPNL.

She holds a degree in law from the University of Buckingham in the United Kingdom and a Master of Law from Cornell Law School in New York, with over 20 years of experience as a senior legal advisor for multinational companies in various industries across Africa.

amina maina: insPirational oil Business executive

The Managing Director of MRS, Ms. Amina Maina, had held various executive positions before becoming the company’s chief executive. These include the group executive director (Supply & Trading) of MRS Holdings Limited and executive director of MRS Oil and Gas Company Limited. Before she joined the MRS Group, Maina was an executive director/vice president of Energy Solutions Integrated Services Limited, JuniorCrude Oil trader at Aurora Energy Trading Limited, to mention a few. She was appointed to the Board of the company on November 6, 2013. Maina had also been appointed as a member of the federal government’s advisory committees under President Bola Tinubu’s administration. Specifically, she serves on the Presidential Economic Coordination Council (PECC), established to enhance Nigeria’s economic governance and planning.

olu a. Verheijen:

advancing sustainaBle energy solutions

Olu A. Verheijen is an advisor at the Energy for Growth Hub, where she contributes her expertise to advancing sustainable energy solutions. However, she is currently serving as the Special Adviser on Energy to Nigerian President Bola Tinubu, playing a key role in shaping the country’s energy policies.

With extensive experience in the energy sector, Verheijen provides strategic guidance on initiatives aimed at fostering economic growth through energy development. In addition to her advisory role at the Energy for Growth Hub, she supports President Tinubu’s administration in addressing Nigeria’s energy challenges and opportunities.

As a respected energy expert, Verheijen works to drive policies that enhance energy access and efficiency. Her dual roles at the Energy for Growth Hub and within the Nigerian government highlight her commitment to sustainable energy development and economic progress.

t echnology & i nnovAtion

Juliet ehimuan:

Driving Digital transformation in africa

Juliet Ehimuan is a leading technology executive who has played a pivotal role in driving digital transformation in Africa. As the former Director of Google West Africa, she spearheaded initiatives that expanded internet access, digital literacy, and innovation across the region. Under her leadership, Google launched key projects such as Google Station for free public Wi-Fi and the Digital Skills for Africa programme, which trained millions in digital and entrepreneurial skills.

Beyond Google, Ehimuan is a strong advocate for women in technology and leadership. She has mentored numerous young professionals through various initiatives and platforms, including her Beyond Limits initiative. Her contributions to Africa’s tech ecosystem have earned her recognition as one of Forbes’ most powerful women in Africa.

Ehimuan’s background in engineering and business, with degrees from the University of Ife and the University of Cambridge, has positioned her as an expert in strategic technology growth. She continues to influence the sector through speaking engagements, advisory roles, and investments in tech startups.

revolutionising nigeria’s healthcare through tech

Tito Ovia is a health-tech entrepreneur committed to revolutionising Nigeria’s healthcare system through technology. She co-founded Helium Health, a startup that provides electronic medical records (EMR) and hospital management solutions to healthcare facilities across Africa. Helium Health has digitised medical records for hundreds of hospitals, improving efficiency and patient outcomes.

Ovia’s passion for healthcare stems from her background in biomedical sciences and public health. She recognised the inefficiencies in Nigeria’s healthcare sector and sought to address them by leveraging technology to streamline hospital administration and data management.

Her work has attracted international recognition and investment, helping Helium Health secure multi-million-dollar funding to expand across Africa. Under her leadership, the company has introduced AI-driven analytics and telemedicine solutions, making healthcare more accessible and data-driven.

KOfO aKinKugbe:

leaDing figure in nigeria’s fintech sector

Kofo Akinkugbe is a leading figure in Nigeria’s fintech and smart card technology industry.

As the founder and CEO of SecureID, she established Africa’s first EMV-certified smart card manufacturing plant, producing payment, identity, and security cards for banks, governments, and corporations.

Her entrepreneurial journey began with Interface Technologies, a company focused on financial technology solutions, before she expanded into secure card manufacturing. SecureID has since gained international certification, positioning Nigeria as a global player in secure card production. Akinkugbe’s innovation has earned her numerous awards, including recognition by Forbes and the Nigerian government. Her company services clients across multiple African countries, reinforcing the continent’s capacity for local manufacturing and technological independence. She also mentors and advocates for women in STEM.

Driving financial inclusion through Digital solutions

Odunayo Eweniyi is a fintech entrepreneur best known as the co-founder and Chief Operating Officer of PiggyVest, a digital savings and investment platform that has transformed financial habits in Nigeria. Since its launch in 2016, PiggyVest has helped millions of users save and invest, fostering a culture of financial discipline.

A a key player in Africa’s fintech revolution, driving financial inclusion through digital solutions, Eweniyi’s background in computer engineering enabled her to develop innovative digital solutions for personal finance. Under her leadership, PiggyVest became the first online savings platform in West Africa, growing exponentially and attracting venture capital investment.

She is also a vocal advocate for women in tech and business, co-founding the Feminist Coalition, which supports women’s rights and economic empowerment. Her contributions to fintech and social activism have earned her recognition from Forbes, Bloomberg, and other global platforms.

Reni fOlawiyO:

revolutionising retail lanDscape in nigeria

Reni Folawiyo is the founder of Alára, a luxury concept store that has revolutionised the retail landscape in Nigeria. Through Alára, she has created a space that celebrates African fashion, art, and design, showcasing the works of both emerging and established African designers.

Her vision for Alára was to position African luxury on the global map, and she has successfully attracted international recognition. The store, designed by renowned architect David Adjaye, serves as a cultural hub where fashion, art, and lifestyle intersect, drawing visitors from around the world.

Folawiyo’s work has been instrumental in elevating African designers by providing them with a premium retail platform. She has collaborated with global fashion houses such as Louis Vuitton and has been featured in top publications like Vogue and The New York Times for her contributions to African luxury.

OdunayO eweniyi:

titO Ovia::

m edi A , e ntertA inment & Arts

Mo Abudu:

Reshaping afRica’s Media Landscape

Mo Abudu is one of Africa’s most powerful media entrepreneurs, renowned for her work in television and film production. As the founder and CEO of EbonyLife Media, she has transformed African storytelling, producing critically acclaimed films and TV shows that have gained international acclaim.

Her media career began with Moments with Mo, Africa’s first syndicated talk show, which set the stage for her transition into film and TV production. Through EbonyLife, she has produced successful films such as Fifty, The Wedding Party, and Oloture, showcasing African narratives to a global audience.

A champion for African women in leadership, creating opportunities for young filmmakers and advocating for diverse storytelling, she has secured groundbreaking deals with major studios like Netflix and Sony Pictures, positioning Nollywood as a force in international cinema. Her efforts in media innovation have earned her accolades from Forbes, the Hollywood Reporter, and Variety.

KAdAriA AhMed:

canvassing independent, iMpactfuL JouRnaLisM

Kadaria Ahmed is a distinguished journalist and media entrepreneur, known for her fearless approach to investigative journalism and political discourse in Nigeria. As the founder of Daria Media, she has created a platform for objective news reporting and in-depth political analysis.

Her career began at the BBC, where she gained international experience in broadcasting before returning to Nigeria to revolutionise the local media space. She has moderated high-profile political debates, earning a reputation as a credible and incisive journalist.

Ahmed has been instrumental in advocating for press freedom and ethical journalism, often challenging the government and public figures on accountability and governance issues. She continues to inspire the next generation of journalists through mentorship and training programmes, ensuring the sustainability of independent and impactful journalism in Africa.

ChiMAMANdA Ngozi AdiChie:

ceLebRated stoRyteLLeR

Chimamanda Ngozi Adichie is one of Nigeria’s most celebrated authors, renowned for her powerful storytelling and advocacy for gender equality. Her works, including Half of a Yellow Sun, Americanah, and Purple Hibiscus, have won numerous international awards and have been translated into multiple languages.

Adichie’s writing explores themes of identity, feminism, and post-colonialism, resonating with readers across the world. Her TED Talk, We Should All Be Feminists, became a global movement, inspiring discussions on gender equality and being incorporated into educational curriculums.

She has received honorary degrees from prestigious universities such as Harvard and Yale, recognising her contributions to literature and social advocacy. Her influence extends beyond writing, as she is a vocal critic of political and social injustices in Nigeria and beyond.

Through her work, Adichie continues to inspire a new generation of African writers and thinkers, cementing her legacy as one of the most influential literary voices of her time.

ChioMA ude:

eLevating QuaLity of afRican fiLMs

Chioma Ude is a visionary in Africa’s film industry, best known as the founder of the Africa International Film Festival (AFRIFF). Through AFRIFF, she has provided a platform for African filmmakers to showcase their work, access training, and connect with international film professionals.

Her passion for African cinema led her to create AFRIFF in 2010, with the goal of elevating the quality of African films and positioning them for global recognition. The festival has since become one of the most prestigious in Africa, attracting top industry players and fostering collaborations between Nollywood and Hollywood.

Ude’s contributions extend to talent development, as AFRIFF hosts masterclasses and training sessions for young filmmakers. She has been instrumental in shaping the next generation of African storytellers.

NiKe dAvies-oKuNdAye: advocate of afRican aRt

Nike Davies-Okundaye is a globally renowned artist and cultural entrepreneur, best known as the founder of the Nike Art Gallery, the largest art gallery in Nigeria. Her work has been instrumental in preserving and promoting traditional Nigerian art, particularly adire (indigo-dyed fabric) and beadwork.

Her artistic journey began in her childhood, learning traditional Yoruba textile techniques. She later became a leading advocate for African art, teaching and mentoring thousands of artists in Nigeria and abroad. Through the Nike Art Gallery, she has provided a platform for emerging and established artists, showcasing Nigerian creativity to a global audience.

Davies-Okundaye’s work has been exhibited worldwide, including in prestigious institutions like the Smithsonian Museum and the British Museum. Her contributions to African art have earned her international recognition, including numerous awards for her role in cultural preservation.

FuNKe AKiNdele:: the box office Queen

Funke Akindele is one of Nollywood’s most successful actresses, producers, and filmmakers, known for her versatile performances and box office hits. She gained widespread recognition for her role in Jenifa, a comedy film that became a cultural phenomenon, leading to the creation of the hit TV series Jenifa’s Diary.

Her career spans over two decades, during which she has won multiple awards, including the Africa Magic Viewers’ Choice Awards (AMVCA) for Best Actress. She has starred in and produced some of Nigeria’s highest-grossing films, such as Omo Ghetto: The Saga, which broke box office records.

Akindele has played a significant role in elevating Nollywood’s production quality and storytelling, making Nigerian films more appealing to international audiences. She has also ventured into directing, further cementing her influence in the industry.

m edi A , e ntertA inment & Arts p hil A nthropy A nd Advoc Acy

Zuriel OduwOle:

Nobel Peace Prize NomiNee

Zuriel Oduwole is a globally recognised filmmaker, education advocate, and one of the youngest people ever considered for the Nobel Peace Prize. She gained prominence for her work in promoting education for girls across Africa, using documentary filmmaking as a tool for advocacy.

At just 10 years old, she began interviewing world leaders, including presidents and prime ministers, to raise awareness about the importance of girls’ education. Her efforts have taken her to over 15 countries, where she has influenced policy discussions and encouraged governments to invest in education.

In addition to her advocacy, Oduwole has directed multiple documentaries highlighting Africa’s socio-economic challenges and the need for youth empowerment. Her work has earned her recognition from Forbes, CNN, and the United Nations.

VictOria abiOla

ajayi:

SPearheadiNG iNNovatioN iN broadcaStiNG aS GrouP md & ceo of tvc commuNicatioNS

Victoria Abiola Ajayi leads TVC Communications, one of Nigeria’s foremost media organisations, as its Group Managing Director and CEO.

Under her leadership, the company has expanded its reach and strengthened its position in Nigeria’s competitive broadcast industry.

Ajayi has been instrumental in driving innovation in content creation and digital broadcasting, ensuring TVC Communications remains a trusted and influential media platform. Her strategic vision continues to shape the future of Nigerian media.

NgOZi alaegbu:

elevatiNG

Ngozi Alaegbu is a respected

analysis and

and news

at ARISE News, known for her

interviews with key political and business figures. With years of experience in the media industry, she has built a reputation for journalistic integrity and excellence. Alaegbu has covered critical national and international issues, shaping public discourse in Nigeria. Her role at ARISE News has solidified her status as one of Nigeria’s most credible and influential journalists.

Oby eZekwesili:

ecoNomic GoverNaNce, aNti-corruPtioN advocate

Obiageli “Oby” Ezekwesili is a Nigerian economist, policy expert, and activist, renowned for her work in economic governance, anti-corruption advocacy, and education reform. She has held several high-profile positions in Nigeria and internationally, making a lasting impact on governance and social justice.

One of the pioneers of Transparency International (TI), the leading global organization fighting corruption, she was a key advocate for the #BringBackOurGirls campaign, which raised global awareness about the 2014 kidnapping of Chibok schoolgirls by Boko Haram.

Founder of FixPolitics, a movement pushing for democratic reforms in Africa, she leads the School of Politics, Policy, and Governance (SPPG) to train future leaders.v

OfOVwe

aig-imOukhuede:

GiviNG aS a lifeStyle

Ofovwe Aig-Imoukhuede is a distinguished Nigerian philanthropist, lawyer, and banker with over 30 years of experience in the financial and not-for-profit sectors. She co-founded the AigImoukhuede Foundation with her husband, Aigboje Aig-Imoukhuede, aiming to transform public service delivery and enhance access to quality primary healthcare in Africa.

Ofovwe is the first child of Fred Brume and Evelyn Oputu. She holds an LLB from King’s College London, a Bachelor of Law from the Nigerian Law School, an MBA from the University of Cambridge—where she was a Chevening Scholar.

aisha yesufu: activiSt & advocate for Social JuStice

Aisha Yesufu is a prominent Nigerian activist, entrepreneur, and public speaker, widely recognised for her role in advocating for good governance, human rights, and social justice.

A vocal supporter of the #EndSARS protests against police brutality in Nigeria, the viral image of her standing defiantly during a protest became a symbol of the movement. She frequently speaks out against corruption, bad governance, and policies that negatively impact Nigerians and supports citizen participation in democracy.

Active on social media, Yesufu uses her platform to educate and mobilise citizens for political and social change.

JourNaliSm aS ariSe NewS aNchor aNd SeNior JourNaliSt

journalist

anchor

insightful

in-depth

He A lt H

A re & s oci A l i mpA ct

Joke Bakare:

Championing innovative healthCare SolutionS

Joke Bakare is a trailblazing entrepreneur in Nigeria’s pharmaceutical industry, best known as the founder and CEO of Medplus Pharmacy. She established Medplus as Nigeria’s first integrative pharmacy chain, offering high-quality pharmaceutical products and healthcare services. Since its inception in 1993, Medplus has grown into one of the largest and most trusted pharmacy retail chains in Nigeria, with hundreds of outlets nationwide. Under Bakare’s leadership, the company has championed innovative healthcare solutions, ensuring access to essential medications and wellness products. Beyond business, Bakare is passionate about public health advocacy. She has spearheaded initiatives promoting healthcare awareness, disease prevention, and medication safety, especially for women and children and her impact in the Nigerian pharmaceutical space has positioned her as a leading voice in healthcare innovation, bridging the gap between traditional pharmacy services and modern retail healthcare.

Ndidi okoNkwo NwuNeli: equipping young leaderS

Ndidi Okonkwo Nwuneli is a highly respected social entrepreneur, leadership expert, and advocate for youth development in Africa. She is the founder of LEAP Africa, an organisation dedicated to equipping young leaders and entrepreneurs with the skills to drive sustainable development.

Through LEAP Africa, Nwuneli has mentored thousands of young professionals, fostering a new generation of ethical leaders in Nigeria and beyond. She has also played a crucial role in shaping policies around youth empowerment and social entrepreneurship. Beyond LEAP Africa, she is a co-founder of AACE Foods and Sahel Consulting, organisations that focus on agribusiness and nutrition, further demonstrating her commitment to social impact.

awele ViViaN elumelu:

dediCated to improving healthCare aCCeSS

Dr. Awele Vivian Elumelu is a medical professional and business leader dedicated to improving healthcare access in Nigeria. She is the Chairperson of Avon Medical Practice Limited, a leading healthcare company providing high-quality medical services across Nigeria. As a trained physician, Elumelu has been instrumental in expanding Avon Medical’s reach, ensuring access to world-class healthcare for both individuals and corporate clients. She has also overseen initiatives focused on preventive medicine and wellness programmes.

Beyond her work at Avon Medical, she serves as a Trustee of the Tony Elumelu Foundation, which empowers young African entrepreneurs, reflecting her broader commitment to healthcare and economic development.

Fola laoye:

advanCing healthCare inveStment aS Cofounder & Ceo of iwoSan inveStmentS limited

Fola Laoye is a healthcare entrepreneur and business leader dedicated to improving Nigeria’s healthcare infrastructure. As the Co-Founder and CEO of Iwosan Investments Limited, she focuses on expanding healthcare facilities and increasing access to quality medical services.

With extensive experience in healthcare finance and management, Laoye has played a significant role in shaping Nigeria’s private healthcare sector. She previously led Hygeia Group and has been a key advocate for increased private sector investment in healthcare.

awuNeBa aJumogoBia:

Strengthening eduCation and energy aS Chair, grange SChoolS & Co-founder, mainStream energy SolutionS Awuneba Ajumogobia is a distinguished corporate leader with impact across education and the energy sector. As Chair of the Board of Governors at Grange Schools, she has been instrumental in ensuring high educational standards and fostering academic excellence. She is also a Co-Founder and Director at Mainstream Energy Solutions Limited, a major player in Nigeria’s power sector. With expertise in finance and governance, Ajumogobia has contributed significantly to business growth and national development.

kate isa:

enhanCing SCienCe and teChnology aS founder & Ceo of katChey Company limited

Kate Isa is the Founder and CEO of Katchey Company Limited, a leading provider of scientific and laboratory equipment in Nigeria. Her company has played a crucial role in improving the quality of scientific research, education, and industrial innovation in the country.

Isa’s dedication to advancing Nigeria’s scientific capacity has positioned her as a key figure in the industry. Through Katchey, she continues to drive innovation and advocate for greater investment in science and technology.

e nforcement & s ecurity

kemi NaNdap:

leading effortS to moderniSe Border SeCurity

Kemi Nanna Nandap is the current Comptroller General of the Nigeria Immigration Service (NIS), leading efforts to modernise immigration processes and enhance border security in Nigeria.

With decades of experience in immigration management, Nandap has championed reforms that improve passport issuance, visa policies, and the tracking of irregular migration. Her tenure has seen the introduction of digital solutions to streamline Nigeria’s immigration system, making it more efficient and secure.

She has also been actively involved in international collaborations on border security and human trafficking prevention, working with global organisations to strengthen Nigeria’s immigration framework. As one of the highest-ranking women in Nigeria’s security sector, she continues to pave the way for female leadership in law enforcement, advocating for integrity and professionalism in public service.

margaret ochalla:

taCkling Crime

Margaret Ochalla is a highly respected law enforcement officer, currently serving as an Assistant Inspector-General (AIG) of Police in Nigeria. She has played a significant role in crime prevention, intelligence gathering, and community policing across the country.

With years of service in various capacities within the Nigerian Police Force, Ochalla has led numerous initiatives to improve law enforcement strategies, focusing on reducing violent crime and enhancing public safety. She has also been a strong advocate for gender equality within the police force, mentoring female officers and promoting the inclusion of women in key security roles. Her leadership in the security sector has earned her commendations for professionalism and dedication, reinforcing the importance of women in maintaining law and order in Nigeria.

globAl recognition for contribution to fAsHion Across AfricA

Naomi campBell:

Supermodel & faShion iCon

Supermodel & Fashion Icon Though British by nationality, Naomi Campbell has been one of the most vocal advocates for African fashion, using her global platform to promote designers from across the continent. She has consistently championed Nigerian and African designers, wearing their pieces on international runways and red carpets. She has also worked closely with African fashion councils to create opportunities for emerging designers to showcase their work globally. Beyond fashion, Campbell has been involved in philanthropic efforts across Africa, particularly in youth empowerment and education initiatives. She has collaborated with organisations to support creative industries, advocating for greater representation of African talent in the global fashion scene.

NEXIM BANK INTERNATIONAL WOMEN’S DAY CONFERENCE...

L-R: Executive Director, Business Development,

ECOWAS Estimates That 47 Million Persons Face Food Crisis in W’Africa

The Economic Community of West African States (ECOWAS) has alerted of the danger that about 47 million people in the region could face food crisis between June and August 2025, if actions are not taken to check the current food security situation.

ECOWAS disclosed that at present 34.7 million people require immediate food and nutrition assistance in the region.

The Commissioner for Economic

Affairs and Agriculture of ECOWAS, Mrs. Massandjé Toure-Litse, made the disclosure at the opening of the third meeting of the Management Committee of the Regional Food Security Reserve (RFSR) in Abuja yesterday.

Toure-Litse, who was represented by the Acting Executive Director, Regional Agency for Agriculture and Food, ECOWAS, Mr. Mohammed Zongo, said it was imperative that the region strengthens its immediate response mechanisms while

consolidating the foundations of sustainable resilience.

She noted that the food and nutrition security situation in West Africa and the Sahel has deteriorated considerably in recent years.

The commissioner while explaining that the nutritional crisis persists in several areas of the region, with global acute malnutrition rates ranging between 10 percent and 14 percent, said: “Analyses carried out in December 2024, based on the Harmonised Framework,

revealed that nearly 34.7 million people require immediate food and nutrition assistance.

“If appropriate measures are not taken, this figure could reach 47 million by the lean season from June to August 2025.

“Furthermore, the nutritional crisis persists in several areas of our region, with global acute malnutrition rates ranging between 10 and 14 percent.

“Faced with this worrying situation, aggravated by multiple challenges: geopolitical reconfigura-

Attorney-General to Represent FG in £15bn Petro Union Fraud

In a significant move to safeguard Nigeria from potential fraud, the Attorney-General of the Federation and Minister of Justice, Chief Lateef Fagbemi (SAN), has led a team of senior lawyers to represent the federal government at a Supreme Court hearing over the Petro Union Oil and Gas Limited case.

The development marks the first time the federal government would be represented at such a high level since the little-known company secured a judgment from the Federal High Court in Abuja for £2.556 billion. However, the Economic and Financial Crimes Commission (EFCC) had concluded in its investigation report that Petro Union obtained the judgment by allegedly using a Barclays Bank UK cheque to draw from an account closed five years before it was presented.

The anti-graft agency’s finding led to the ongoing prosecution of the oil company's directors before the Federal High Court in Lagos.

The directors, Prince Kingsley Okpala, Prince Chidi Okpalaeze, Prince Emmanuel Okpalaeze, and Abayomi Kukoyi (trading as Gladstone Kukoyi & Associates), are facing a 13-count charge of conspiracy, forgery, and fraud before Justice Chukwujekwu Aneke.

Fagbemi’s appearance in the controversial case was particularly notable because it demonstrated the federal government’s resolve to fight the March 11, 2014, court order, which had directed the Central Bank of Nigeria (CBN), Union Bank of Nigeria, the Minister of Finance, and the Attorney-General to jointly pay Petro Union the judgment amount along with 15 percent interest per annum.

During the March 17, 2025 proceedings, Fagbemi led a team of lawyers, including Mohammed Gazali (SAN), a Director in the Federal Ministry of Justice, and other lawyers representing the Federal Government and its agencies.

Chief Adegboyega Awomolo (SAN)

led the legal team for Union Bank, while the CBN’s legal representation was headed by Damian Dodo (SAN) alongside Mrs. Olabisi Soyebo (SAN) and others.

Awomolo argued an application to amend the Notice of Appeal by adding eight additional Grounds of Appeal.

While the AGF and the CBN's lawyers supported the motion, Petro Union’s legal team opposed it.

After listening to arguments on the matter from the lawyers, the Supreme Court reserved its ruling for a later date to be communicated to the parties.

The judgment sum against the federal government, the CBN and Union Bank now stands at over £15 billion, including interest—exceeding 50 percent of Nigeria’s foreign reserves.

Legal experts have compared this situation to the infamous $10 billion Process and Industrial Development (P&ID) case.

The troubling events leading to the

judgment began in 1994 when Petro Union allegedly fraudulently obtained a cheque worth £2.556 billion from a Barclays Bank branch in the UK.

The company presented this cheque at a Union Bank branch in Lagos, claiming it was for a contract related to refinery construction and the establishment of a bank.

Subsequent investigations by the CBN and Union Bank unveiled that the cheque, dated December 29, 1994, and drawn in favour of Gladstone Kukoyi & Associates, was confirmed by Barclays Bank to be counterfeit.

Barclays Bank had also indicated that Gazeaft Limited, the issuer of the bill of exchange, did not have an account with them and was not listed as a registered company in the UK.

tion of the region, persistent conflicts, economic crises, climate change and chronic food insecurity, it is imperative that our region strengthens its immediate response mechanisms while consolidating the foundations of sustainable resilience.

“Food security stocks appear to be key social protection tools, used at different scales -local, national, regional to respond effectively to food crises.”

Speaking on the meeting, ToureLitse said it, “will allow us to take stock of the operations carried out by the Regional Reserve since March 2023 based on the guidelines of the Executive Board, particularly with regard to purchases, interventions, stock replenishment, technical rotations and the identification of new storage spaces.

“It will also allow us to plan the operations planned for 2025, ensuring that we support Member States in caring for the populations most affected by food, nutritional and pastoral crisis.

“Our discussions and decisions will thus ensure transparency, efficiency and fairness in the management of the Reserve, while adapting it to present and future challenges.

“As you know, for almost 10 years, our actions have been part of the regional storage strategy. We have learned many lessons by comparing the theory of the regional storage strategy with the practice of its implementation on the ground. We are also facing new challenges related to the changing socio-political context in our region and at the global level.

Court

Alex Enumah in Abuja

“This is why we must adjust this strategy and the operating rules of the Regional Reserve in the aim of strengthening the coordination and effectiveness of our collective action.”

In his remarks, Nigeria's Minister for Agriculture and Food Security, Senator Abubakar Kyari said the food challenge was a reminder of the urgent need to strengthen strategies and response instruments to effectively deal with the food and nutrition crisis affecting the region. Kyari, who was represented by the Permanent Secretary, Ministry of Agriculture and Food Security, Mr. Marcus Ogunbiyi, insisted that the food reserve has become an essential pillar of the region's collective strategy for responding to food and nutrition crisis.

He said: “This meeting is taking place at a particularly worrying moment for our region it is a common knowledge globally especially in West Africa and Sahel; that food security situation has worsened in the recent years due to conflicts, economic instability and devastating impact of climate change. A situation compounded by a decline in funding, geopolitical concerns in the region and general lack of access to food. This, according to the recent cadre Harmonise report (December 2024), has made nearly 34 7 million people in dire need of immediate food and nutritional assistance.

“These major challenges remind us of the urgent need to strengthen our strategies and response instruments to effectively deal with food and nutrition crisis affecting our region.

Francis Sardauna in Katsina

The Katsina State Enterprise Development Agency (KASEDA) has announced the selection of another 245 business owners and entrepreneurs as beneficiaries of the second batch of the KASEDA and Sterling Bank-managed MSMEs loan initiative.

This brings the total number of beneficiaries to 449 businesses, following the 204 entrepreneurs who received funding in the first batch of the disbursement.

In a statement by the Head of

KASEDA Public Relations Unit, Hauwa Ibrahim Jikamshi, yesterday, the agency reiterated its commitment to continue to support MSMEs in the state.

She directed all selected beneficiaries to visit the Sterling Bank branch in Katsina to collect their loan offer documents and complete the disbursement process without delay. She also encouraged the beneficiaries to reach out to KASEDA through its official communication channels or visit the agency's office for further guidance and clarification.

Hauwa, added that KASEDA's Director General, Hajiya Aisha Aminu, on behalf of Governor Dikko Umaru Radda, has extended congratulations to all successful applicants and expressed optimism that the intervention would boost business productivity and economic prosperity across the State.

"The initiative represents a significant step in Governor Radda's commitment to stimulating economic growth, creating jobs, supporting MSMEs, and fostering entrepreneurship throughout Katsina State," she added.

A Federal High Court in Abuja, yesterday, turned down the request of the Nigerian National Petroleum Company Limited (NNPCL) to strike out a N100 billion suit instituted by Dangote Refinery and Petrochemicals, against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and seven others.

The suit was in relation to the issuance of licence for the importation of petroleum products to NNPCL, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies.

The plaintiff is asking the court to void the import licences issued to the affected oil companies because it

is already producing the imported petroleum products without shortfalls.

Dangote Refinery in the suit marked: FHC/ABJ/CS/1324/2024, is also seeking the sum of N100 billion as damages against NMDPRA, for allegedly continuing to issue import licenses to NNPCL, Matrix, and other companies for importing petroleum products such as Automotive Gas Oil (AGO) and Jet Fuel (aviation turbine fuel) into Nigeria, “despite the production of AGO and Jet-A1 that exceeds the current daily consumption of petroleum products in Nigeria by the Dangote Refinery.” Other defendants in the suit are NMDPRA, Aym Shafa Limited, T. Time Petroleum Limited, and 2015 Petroleum Limited.

The plaintiff in its originating

summons dated September 6, 2024, through its lawyer, Ogwu James Onoja, SAN, asked the court to declare that NMDPRA is violating Sections 317(8) and (9) of the Petroleum Industry Act by issuing licenses for the importation of petroleum products. Onoja stated that such licenses should only be issued in circumstances where there is petroleum product shortfall and urged the court to declare that the NMDPRA is in violation of its statutory responsibilities under the Petroleum Industry Act (PIA) for not encouraging local refineries such as Dangote Refinery. However, NNPCL in a vehement objection against the suit demanded its outright dismissal on the ground that the court lacked jurisdiction to hear and determine the suit as constituted.

Michael Olugbode in Abuja

Nigeria Export-Import Bank(NEXIM), Hon. Stella Okotete; Managing Director, NEXIM, Mr. Abba Bello; former Minister of Finance, Mrs. Kemi Adeosun, and Executive Director, Corporate Services, NEXIM, Mr. Ibrahim Gaga, at the NEXIM International Women's Day 2025 Conference in Abuja…yesterday

Wike Revokes NPA, CBN, INEC, PDP's Lands

Opposition party reacts as Damagum summons emergency meeting

Chuks Okocha, Olawale Ajimotokan and Adedayo Akinwale in Abuja

The Nigeria Port Authority (NPA), Central Bank of Nigeria (CBN), Independent National Electoral commission (INEC) and the opposition Peoples Democratic Party (PDP) were among key institutions whose land titles were revoked by FCT Minister, Nyesom Wike, over non-payment of ground rent for more than 40 years.

Wike had on Monday approved the revocation of 4,794 land titles, for non-payment of ground rent of over N6.9 billion for more than 40 years.

From information gathered from sources at FCT Administration last night, the Nigerian National Petroleum Corporation (NNPC), Niger Delta Development Commission (NDDC), National university commission (NUC) and the M.R.S Investment Company Limited (owners of MRS Petrol Stations) were among the defaulters.

Also, the Kaduna State Government, Borno State Government, Nigerian Television Authority (NTA), News Agency of Nigeria (NAN), Federal Ministry of Environment, Nigerian Security Printing and Minting Company, University of Calabar, Nigerian Postal Service and Power Holding Company of Nigeria (PHCN) were equally among the institutions caught in the gale of revocation brouhaha.

Most of the named organisations were said to be owing up to 20 years ground rent totalling over N6.9 bn.

Senior Special Assistant on Public Communications and Social Media to FCT Minister, Lere Olayinka, and the Federal Capital Territory Administration (FCTA) Director of Lands, Chijioke Nwankwoeze, had announced this at a briefing.

According to them, a total of 8,375 property owners who had not paid the ground rent in the last four decades years in the Central Area, Garki I and II, Wuse I and II, Asokoro, Maitama and

Guzape, were affected by the exercise.

Olayinka said at the end of 2024 and up till today, a total of N6.9 billion was owed as Ground Rent by 8,375 property owners up to the end of last year

"A total of 4,794 land titles are in default of Ground rent payment for 10 years and above. Meaning that in the listed districts, 4,794 property owners have not paid Ground Rent in the last 10 years.

"This is in contravention of the terms and conditions of grant of the Rights of Occupancy, in line with the provisions of Section 28, Subsections 5(a) and (b) of the Land Use Act," Olayinka said. Consequently, he said the titles of the properties in default of payment of Ground Rent for 10 years and above had been revoked forthwith.

"A grace of 21 Days is also given to title holders that are in default of payment of Ground Rent for between one and ten years, after which the affected tittles will be revoked."

Damagum Summons Emergency Meeting

The National Working Committee (NWC) of the PDP has immediately held an emergency meeting over the revocation order on its permanent headquarters in the Central Business Area of Abuja.

National Publicity Secretary of the PDP, Debo Ologunagba, described the revocation order as “a drive towards totalitarianism and attempt to stifle opposition.”

Ologunagba who disclosed that the order also extended to the temporary and permanent offices, noted that the move was a threat to democracy.

“The attempt by the All Progressives Congress (APC) government to revoke the Right of Occupancy of the National Secretariat of the PDP is highly condemnable .

“It is aimed at stifling opposition

in this country and of course a drive towards totalitarianism. And it is a threat to democracy. The NWC is now meeting and I will get back to you shortly with a detailed response of our party to this development.

“To let you know, how despicable this action is, it is both properties. Both the new one under construction and the one the PDP has been occupying for almost two decades- the Wadata Plaza. It is an attempt to stifle opposition.”

Also, the Conference of Professionals in the PDP (CP-PDP) has condemned what it described as the attempt by the APC-controlled Federal Capital Territory (FCT) to revoke the PDP

national secretariats in Abuja. Protem National Coordinator, of CP-PDP, Barrister Obinna Nwachukwu, said, ''After a review of the revocation notice with vital information from patriotic citizens at the Federal Capital Development Authority (FCDA), the CP-PDP notes that the process is completely flawed as it did not follow due process, thus validating the fact that it was conceived and issued in bad faith with the intent to hurt and hamstring the PDP and democracy in Nigeria.

''CP-PDP holds that this attempt to bully, intimidate and coerce opposition clearly gives credence to the earlier stand of the Conference that the Minister of the

Two PDP lawmakers defect to APC

FCT, Chief Nyesom Wike has pitched tents with the APC administration in APC’s plot to destroy the PDP.

''As professionals and patriotic Nigerians, the Conference is worried that such attack on a major opposition party is ominous and constitute a clear and present danger to the sustenance of democracy, freedom and political participation in our country,'' Nwachukwu stated

Two PDP Lawmakers Defect to APC

Meanwhile, in a new development, the ranks of the PDP was further depleted yesterday following the

defection of two members of the House of Representatives to APC. The notices of their defection were announced by the Speaker, Hon. Tajudeen Abbas, who presided over theTheplenary.defected lawmakers were Hon. Adamu Tanko, representing Suleja, Gurara, and Tafa Federal Constituency of Niger State, and Hon. Jallo Mohammed, representing Igabi Federal Constituency of Kaduna State.

Expectedly, the lawmakers cited internal divisions within the PDP as their reason for switching parties. They also added that their political ideologies now aligned more closely with the APC.

DSS Approves N10m Compensation for Victim of Mistaken Identity, Offers Free Medical Services

Linus Aleke in Abuja

The Department of State Service (DSS) has approved the payment of N10 million to a Sokoto State-based businessman who was shot in 2016 by an operative of the service during raid operations in Plateau State.

DSS source that disclosed this, said the businessman, who was mistaken for a notorious gunrunner on the security watchlist, went to court to seek redress after sustaining a gunshot wound over mistaken identity.

In February 2018, the Federal High Court, sitting in Bauchi State, awarded the businessman N10 million for the violation of his fundamental rights under Sections 33 and 34 of the 1999 Constitution.

The matter, the source recalled also went on appeal, but under the new Director-General of the Service,

Adeola Ajayi, a diplomatic approach to resolving the issue was adopted, and he immediately approved the amount awarded to the victim by the Federal High Court sitting in Bauchi State.

According to the source, as a humanitarian, the DG also approved an additional sum of N10 million to enable the businessman to reactivate his ailing business, allowing him to meet his financial obligations as a breadwinner.

Not done with the victim, Ajayi also approved further treatment for him at the DSS medical facility.

Confirming the additional N10 million, the victim's counsel, Mr. Idris, said: "The DG generously added another N10 million and directed that my client receive further treatment at the SSS medical facility."

A source at the DSS headquarters

confirmed the intervention, stating that the businessman was formally assessed by the agency's medical team.

"He suffered a foot drop, and his toes do not respond to movement. He moves better with support, though he had no walking aid with him," the source said.

Noting that the medical team

would continue his treatment, with rehabilitation efforts aimed at improving his mobility, the source said the businessman had requested to begin treatment after Ramadan. He expressed appreciation to his lawyer, the DSS, and the DirectorGeneral for their kindness and support.

Nnamdi Kanu Will Henceforth Defend Himself in Resumed Trial, Family

Declares

There would no longer be any. legal team defending Nnamdi Kanu when his trial resumes on Friday March 21, 2025 before Justice James Omotosho at the Federal High Court Abuja, his family has said.

benefits for cardholders.

Nume Ekeghe

The United Bank for Africa (UBA) Plc has introduced the Afrigo Card, a pioneering domestic payment solution designed to enhance accessibility, security, and efficiency in Nigeria’s financial ecosystem.

Developed in partnership with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS), the Afrigo Card provides a reliable alternative to international payment schemes, facilitating seamless naira-denominated transactions. With a strong focus on security, affordability, and accessibility, the Afrigo Card aligns with the CBN’s financial inclusion drive and digital payment expansion efforts.

The Afrigo Card boasts impressive features, including chip-and-PIN security, seamless payments at ATMs and POS terminals nationwide, 24/7 access to funds, and rewarding benefits for cardholders.

It was designed to cater to diverse demographics, as it supports lowincome earners, artisans, students, and market traders by providing a flexible, affordable, and efficient means of managing finances.

In a statement made available to THISDAY, UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola, pointed out the card’s versatility and other features of the card and maintained that with the launch of Afrigo, the bank continues to demonstrate its

leadership in fostering financial innovation, inclusion, and accessibility for all Nigerians.

“With Afrigo, we are offering a card that speaks directly to the needs of Nigerians from market women and students to small business owners and low-income earners.

“The card's affordability, coupled with its advanced security and potential for biometric authentication and offline transactions, positions it as a vital tool in promoting cashless transactions across Nigeria,” he stated.

The Afrigo Card boasts impressive features, including chip-and-PIN security, seamless payments at ATMs and POS terminals nationwide, 24/7 access to funds, and rewarding

Designed to cater to diverse demographics, it supports low-income earners, artisans, students, and market traders by providing a flexible, affordable, and efficient means of managing finances. Customers could obtain the Afrigo Debit Card for N1,000 plus N75 VAT at any UBA branch.

UBA’s Head of Cards, Joachim Iloemezue, emphasised the bank’s commitment to delivering innovative financial products to its customers.

“The Afrigo Card is a gamechanger for Nigerians. It not only provides a reliable and affordable alternative for everyday transactions but also ensures our customers enjoy enhanced security, convenience, and nationwide accessibility.

This was made known Tuesday in a statement by the spokesman of the family, Emmanuel Kanu, younger brother of the detained leader of the Indigenous People of Biafra(IPOB).

Emmanuel said Kanu "would be taking the bold step of defending himself in court" and would no longer be relying on legal counsels to plead his cause as had been obtainable since his trial began in 2023.

"This development signals a critical juncture in this case that has already exposed deep-seated concerns about the Nigerian judiciary’s handling of matters tied to the legitimate agitation for Biafra self-determination," he said.

The family spokesman explained that "Onyendu (Kanu)'s shift to self-defense underscores our distrust in a system perceived to be stacked against us and the cause he champions."

According to him, Kanu’s decision to do away with lawyers was intentional as "the absence of traditional legal representation will dismantle the usual, 'as my lord pleases' constraints that govern judicial proceedings in Nigeria." Emmanuel noted that the usual over indulgence of judges by lawyers "has for decades allowed the courts to brazenly subvert the cause of justice under a cloak of deference that shield rather than expose injustice."

He stated that by defending himself in court, "the very foundations of the institutional bias that has long plagued (Kanu’s trial) will be laid bare for the world to see.

"This decision by Mazi Nnamdi Kanu comes on the heels of successfully forcing the recusal of Justice Binta Nyako that brazenly defied the Supreme Court of Nigeria through her selective implementation of determination contained in their judgement," he said.

Emmanuel, however, regretted that the recused Justice Nyako "was hell-bent on convicting a person for exercising a right that the laws of Nigeria stated unambiguously that he could (enjoy such right)."

Emmanuel Ugwu-Nwogo in Umuahia

Institute, Mr. Abayomi Timileyin, during the investiture of Dele Ezeoba as Patron and Member of the Governing Council of the Institute of Strategic Management and Public Administration, Ghana, held in Lekki, Lagos… recently

6TH EDITION OF DAVODANI MICROFINANCE BANK’S SAVE AND WIN PROMO RAFFLE DRAW...

L-R: Manager, Asset Finance, Davodani Microfinance Bank, Mr. Otis Ehiemuan; Group Head, Finance and Treasury, Mrs. Cynthia Nyishagba; Managing Director/CEO, Mr. John Ologe; Group Head, Business Development, Mr. Raymond Ezekwu; and Group Head, Internal Control and Audit, Mr. Femi Jaleyemi, at the 6th edition of the bank’s Save and Win Promo raffle draw held in Ojota, Lagos… recently

2027: Plot To Displace APC With SDP, Dead On Arrival, Declare Ganduje, Barau, Gaya

Sunday Aborisade in Abuja

National Chairman of the All Progressives Congress, Alhaji Umar Ganduje, yesterday, welcomed the 2023 Vice Presidential candidate of the Social Democratic Party (SDP), Yusuf Buhari, alongside the party’s Kano State governorship candidate, Bala Mohammed Gwagwarawa, into the APC. The defection which was facilitated by the Deputy President of the Senate, Barau Jibrin, also saw members of the Kano State SDP Working Committee, 38 local government party chairmen and secretaries, 13 house of assembly and six House of Representatives candidates, embracing the ruling party.

to use the party to tackle the APC in 2027 was dead on arrival.

The move, according to various speakers on the occasion, marked a major setback for former Governor of Kaduna State, Nasir El-Rufai, who recently joined the party ahead of the 2027 general elections.

Ganduje and Barau on the occasion, which took place in Abuja, said the defection of the heavyweights of the SDP showed that the mission

Addressing the defectors Ganduje assured them that they would be availed of all rights and privileges accorded all all party members.

Represented by the Deputy National Chairman (South), Chief Emma Eneukwu, Ganduje described the defection as a transition “from darkness to light,” underscoring APC’s role as a beacon of transformative leadership under President Bola Ahmed Tinubu.

He also described them as “political heavyweights” with deep grassroots connections, and praised them for aligning with a

Natasha: Senate Operates Like Cult, Many Lawmakers Are Afraid to Speak Their Mind

Chuks Okocha in Abuja

The senator representing Kogi Central, Natasha Akpoti-Uduaghan, has described the red chamber as a cult.

Akpoti-Uduaghan stated this during an interview with the BBC over the allegation of sexual harassment leveled against the Senate President, Godswill Akpabio.

This came a few days after Natasha took the case to the United Nations “seeking justice” over the matter.

Since the issue broke out, Akpabio has had an overwhelming support from senators, leading to Natasha’s six months suspension.

But during the interview, Natasha said her colleagues were afraid of expressing contrary views over the matter for fear of victimisation.

According to her, “I am being victimised. My suspension is a means of silencing me.”

Revisiting the allegation, she said, “It was episode after episode, moment after moment. We were at his country home. He was taking me around his house. My husband was walking behind us. He held my hand.

“He then squeezed my hands in a very suggestive way. We women, we know what it means when a man squeezes our hands in a suggestive way.

“And he went, ‘Now that you’re in the senate, I’ll make an opportunity for us to come here and have a good moment’, you know, along that line.”

Asked if Akpabio ever made any advances towards her in the chamber or the senate, Natasha said: “There was a time when I rushed to work forgetting to wear my ring, there were about five senators there.”

She claimed Akpabio said, “Oh Natasha, you are not wearing your ring, is this an invitation to treat?’ You know, statements like this”, she added.

But the senate’s deputy chief whip, Onyekachi Nwaebonyi, restated the denial of the senators, adding that

“there was never a time Akpabio made sexual advances towards AkpotiUduaghan.”

He also said the senate president never made any inappropriate com- ments towards the female lawmaker whether in his country home or the senate chamber.

Nwaebonyi also rejected AkpotiUduaghan’s claim that the senate was trying to silence her.

“Senator Natasha’s legislative activities show this claim is not true,” he said.

CAN,

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun President of the Dangote Group, Alhaji Aliko Dangote met yesterday in Abuja to discuss how to enhance private sector participation in the Nigerian economy.

The meeting was held in the minister's office at the Ministry of Finance headquarters when the businessman visited.

During the meeting, the minister conveyed the federal government's commitment to creating a safe and conducive environment capable of fostering private sector investments aimed at unlocking new economic potential as well as create job op-

portunities for the teeming youth in the country.

According to a statement released by the Director, Information and Public Relations, Mohammed Manga, during the crucial discussions on enhancing private sector participation with the visiting industrialist, Edun reaffirmed President Bola Tinubu’s commitment to creating a business-friendly environment.

"The minister reaffirmed President Bola Ahmed Tinubu's commitment to creating a business-friendly environment that fosters enterprise growth while emphasizing the government's dedication to implementing supportive policies and reforms aimed at unlocking the private sector's potential, driving innovation, and

accelerating sustainable economic transformation.

"Also present at the meeting were Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adelabu Adedeji; Chairman, MRS Oil & Gas, Sayyu Dantata, and Maryam Ibrahim, Special Adviser to the Minister

"With the government's commitment to creating a business-friendly environment and the private sector's eagerness to invest, Nigeria is poised for sustainable economic transformation and growth.

"Thus, the partnership between the government and the Dangote Group is a significant step towards unlocking the country's economic potential," the statement concluded.

A faction of the Christian Association of Nigeria (CAN), in the 19 Northern States and the Federal Capital Territory (FCT), led by Rev. Yakubu Pam, has lauded the appointment of Bishop Matthew Kukah, the Catholic Bishop of Sokoto Diocese, as the Pro-Chancellor and Chairman of the Governing Council of the newly established Federal University of Applied Sciences, Kachia, Kaduna State. In a statement, Pam said Kukah’s appointment was well deserved. He said, "Kukah has consistently championed the cause of justice, equity, and the advancement of human dignity, always working tirelessly to build bridges of understanding and peace."

party dedicated to national renewal. Barau said, "Let me start by saying those who have been moving around, going around the country, trying to woo people to SDP, and thinking that their effort will give birth to a platform that will challenge the APC in the next election, the idea is confirmed to be dead on arrival.

"Why do I say that? People have rejected that invitation. People have said no, we are not coming to your party. The former governor of Jigawa State, Sule Lamido and others, who have been mentioned have said no.

"To add salt into an injury, those who are in the party (SDP) are now moving to our party, APC. The party is going to be empty. Today, the Vice Presidential Candidate, the Governorship Candidate in Kano State and other heavyweights in the SDP have joined APC.

"If we had postponed the meeting to tomorrow, we would have gotten almost all the candidates who stood under the banner of the party in various states being part of this. But we are going to do that in another day in the future," he said.

On his part, Senator Kabiru Gaya, told the gathering that the SDP was already empty by the time El-Rufai joined it.

“The party is dead because the Vice Presidential candidate is here,

Laud Kukah’s

Pam explained that Kukah's appointment as the Pro-Chancellor and Chairman would greatly enhance the growth and development of the university and make it a centre of academic excellence.

"This recognition is a testament to Kukah’s immense contributions to the development of our society, his unwavering commitment to education, and exemplary leadership in both religious and civic spheres.

"As a spiritual and compassionate leader, he consistently championed the cause of justice, equity, and the advancement of human dignity, always working tirelessly to build bridges of understanding and peace.

the Governorship Candidate of SDP is here, and all other stakeholders of SDP are here. So I'm sure today we are celebrating the burial of that party.

"I would say kudos to the Deputy Senate President for your effort to bring these important and heavyweight politicians to our party," he said.

The Vice Presidential Candidate of the SDP, Yusuf Buhari, said they were motivated to the APC by the successes being recorded under President Bola Ahmed Tinubu. He said, "The fact of the matter is that everything is very clear. When this government came into power under the Asiwaju Bola Ahmed Tinubu, there were a lot of problems on the ground.

A former governorship candidate of the SDP in Kano, Bala Muhammad Gwagwarwa, said they decided to return to APC given the outstanding performance of President Tinubu in about two years.

"Today we decided to come back to the family. APC is a family to me. I'm part and parcel of the founders of APC.

“Today, we decided to come back to APC because now the country is being governed by someone who knows politics, who knows the terrain of democracy.”

"His appointment to this academic institution is a clear reflection of his outstanding credentials and dedication to empowering the next generation of leaders. "Northern CAN is confident that his wisdom, integrity, and wealth of experience will greatly enhance the growth and development of the university and make it a centre of academic excellence.”

Also, the Northern Christian Youth Professionals (NCYP), in a statement by its Chairman, Isaac Abrak said it joined others across the Southern Kaduna region to celebrate Kukah’s appointment. Abrak said the appointments, alongside the establishment of two other critical institutions, were a clear demonstration of President Bola Tinubu’s commitment to fairness, equity, and the inclusive distribution of the dividends of democracy, even in areas where he did not receive massive electoral support.

John Shiklam in Kaduna

Ndubuisi Francis in Abuja

TRAINING ON ENERGY MANAGEMENT FOR MDAS...

L-R: Senior Manager, OCMA Department, Nigerian Bulk Electricity Trading Plc, Horace Nwabunwene; National Programme Coordinator, Environment and Energy, United Nations Industrial Development Organization, Oluyomi Banjo; Director General, Energy Commission of Nigeria (ECN), Dr. Mustapha Abdullahi; and Acting Director, Energy Transition and Linkages, ECN, Dr. Shehu

training on energy management systems for MDAs by ECN in Abuja, yesterday

Dangote Donates 80,000 Bags of Rice to Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000, 10kg bags of rice to the vulnerable in Lagos state.

President of Dangote Group and Chairman of the foundation, Aliko Dangote, who was represented by an Executive Director of the Group, Hajiya, Marya Dangote noted that the gesture was part of the over 1 million 10kg bags of rice that would be distributed to reach one million people in the 774 local government areas of the country. Speaking at the flag-off in Alausa, Dangote said the distribution of the

Gov in State of Emergency

The Nigerian Bar Association (NBA) has told President Bola Tinubu, that he lacked the constitutional powers to remove any elected governor of a state in Nigeria.

Besides, the umbrella body for legal practitioners in the country, held that Tinubu's Tuesday night declaration of a state of emergency in Rivers State "remains constitutionally inchoate and ineffective," until the National Assembly approves of the declaration.

In a statement by its President, Mazi Afam Osigwe, SAN,the NBA observed that the action of Mr President has a far-reaching constitutional and democratic implications, particularly in light of the provisions of Section 305 of the 1999 Constitution, which governed the procedure for the proclamation of a state of emergency and which the President purported to have relied upon.

While stating that Section 305 of the Constitution indeed vested the President with the power to declare a state of emergency, Osigwe argued that, "The 1999 Constitution does not grant the President the power to remove an elected governor, deputy governor, or members of a state’s legislature under the guise of a state of emergency."

The NBA President observed, "That the Constitution provides clear procedures for the removal of a governor and deputy governor as per Section 188. Similarly, the removal of members of the House of Assembly and dissolution of parliament is governed by constitutional provisions and electoral laws, none of which appear to have been adhered to in the present circumstances.

"A declaration of emergency does not automatically dissolve or suspend elected state governments. The Constitution does not empower the president to unilaterally remove or replace elected officials such actions amount to an unconstitutional usurpation of power and a fundamental breach of Nigeria’s federal structure."

The NBA, in addition, asserted that the situation in Rivers State, though politically tense, did not meet the constitutional threshold for the removal of elected officials, adding that, "the purported removal of Governor Fubara, his deputy, and

80,000 bags of 10kg rice was another demonstration of the foundation’s commitment to upholding the values of compassion and solidarity that are at the core of humanity.

Noting that the distribution of the rice was in addition to the daily distribution of thousands of loaves of bread in Lagos, Dangote stressed that with the initiative, the foundation aspires to ameliorate some of the burdens faced by vulnerable communities across Lagos state.

In his remarks, Governor of Lagos state, Babajide Sanwo-Olu, who was represented by the Lagos State Deputy Governor, Dr Obafemi Hamzat, applauded the many initiatives

members of the Rivers State House of Assembly is therefore unconstitutional, unlawful, and a dangerous affront to our nation’s democracy."

While reiterating that the President did not have the constitutional power to remove an elected governor under a state of emergency, the body stated that any such action was an unconstitutional encroachment on democratic governance and the autonomy of state governments.

The NBA, therefore, called on the National Assembly to "reject any unconstitutional attempt to ratify the removal of the Rivers State Governor and other elected officials. The approval of a state of emergency must be based on strict constitutional grounds, not political expediency."

The NBA further warned that suspending elected officials under emergency rule set a dangerous precedent that undermines democracy and could be misused to unseat elected governments in the future.

Meanwhile, the NBA demanded that all actions taken in Rivers State strictly conform to constitutional provisions and Nigeria’s democratic norms.

It also encouraged all stakeholders, including the judiciary, civil society, and the international community, to closely monitor the situation in Rivers State to prevent unconstitutional governance and abuse of power.

"The NBA remains committed to upholding the Constitution, defending democratic governance, and ensuring that the rule of law prevails in Nigeria. A state of emergency is an extraordinary measure that must be invoked strictly within constitutional limits. The removal of elected officials under the pretext of emergency rule is unconstitutional and unacceptable.

"We call on all relevant authorities to act in accordance with the law and the best interest of the country. Nigeria’s democracy must be protected at all costs, and the Constitution must be upheld as the supreme legal authority in all circumstances," the statement added.

Atiku: State of Emergency in Rivers Reeks of Political Manipulation, Utter Bad Faith

Former Vice-President Atiku Abubakar has said the state of emergency imposed in Rivers State reeked of

of Dangote to ameliorate the sufferings of Nigerians, while praising him for showing compassion to the needy in the society.

Hamzat, who received the ADF delegate led by its Trustee, Marya Aliko Dangote and Managing Director of the Foundation, Mrs Zouera Youssoufou, on behalf of Governor Babajide Sanwo-Olu, expressed gratitude for the consistency of the foundation in spreading love and charity across Lagosians, which he described as one of the importance of Ramadan and Lent season.

Sanwo-Olu said the gesture of distribution of 80,000 bags of 10kg rice shows that the leadership of the Foundation prioritize the welfare of the

political manipulation and was done in bad faith.

In his reaction to the state of emergency imposed by Tinubu, Atiku said, ''The declaration of a state of emergency in Rivers State reeks of political manipulation and outright bad faith.

“Anyone paying attention to the unfolding crisis knows that Bola Tinubu has been a vested partisan actor in the political turmoil engulfing Rivers. His blatant refusal — or calculated negligence — in preventing this escalation is nothing short of disgraceful.

“Beyond the political scheming in Rivers, the brazen security breaches that led to the condemnable destruction of national infrastructure in the state land squarely on the President’s desk.

''Tinubu cannot evade responsibility for the chaos his administration has either enabled or failed to prevent. It is an unforgivable failure that under Tinubu’s watch, the Niger Delta has been thrown back into an era of violent unrest and instability — undoing the hard-won peace secured by the late President Umaru Yar’Adua. Years of progress have been recklessly erased in pursuit of selfish political calculations.

''If federal infrastructure in Rivers has been compromised, the President bears full responsibility. Punishing the people of Rivers State just to serve the political gamesmanship between the governor and Tinubu’s enablers in the federal government is nothing less than an assault on democracy and must be condemned in the strongest terms,'' Atiku stated.

George: It’s

Disrespect for Constituted Authority

A former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George, has condemned President Bola Tinubu’s declaration of a state of emergency in Rivers State, calling it a blatant disregard for constituted authority.

Reacting to the development, George said, “This is absolute Armageddon—total disrespect for constituted authority. The Constitution has been viciously violated.

“We can’t keep quiet. This is recklessness of the highest order. What did Fubara do? As Commander-in-Chief,

people beyond the pursuit of profit and accumulation of wealth.

The Governor said: “Aliko Dangote is a Nigerian that has chosen to be different. You have choices but you have made the right one which is caring for the vulnerable. I appreciate Mr. Aliko Dangote for extending his kind gestures to the people at the bottom of the pyramid and we are grateful for supporting us in government.

“There is a lot of global disruption in different parts of the world, and it is a tough time to be in a position of leadership,” he said.

While encouraging other wealthy Nigerians to emulate Dangote, the

Tinubu gave Wike soldiers and security agents to destabilize Rivers State.

“The governor has no control over security agencies, yet he remained calm. Nobody has explained what he did to warrant this dictatorial emergency rule.

“This is exactly how it started in 1962 and 1983. It’s a dress rehearsal for what Tinubu wants to do in 2027.

The APC wants to take control of all states through unconstitutional means.

“Did he get National Assembly approval before his broadcast? What happened in Rivers is the hand of Esau and the voice of Jacob. Why didn’t he declare a state of emergency in Lagos when lawmakers were fighting?

“Why invite Diete-Spiff and Niger Delta leaders last week if he already planned this? Is Tinubu now becoming a civilian dictator?”

‘Declaring State of Emergency Without Suspending Wike Will Escalate the Crisis’

A group, Foundation for Peace Professionals (PeacePro), has warned that the declaration of a state of emergency in Rivers State without suspending the Minister of the Federal Capital Territory (FCT) would escalate the political crisis rather than mitigate it.

In a statement issued in Ilorin by PeacePro's Executive Director, Abdulrazaq Hamzat, the organisation noted that the FCT Minister was a member of the Federal Executive Council (FEC), which President Tinubu has said would be responsible for approving the actions of the Rivers State sole administrator.

Hamzat argued that allowing the FCT Minister, who was a key player in the ongoing political conflict in Rivers State, to remain in office while the FEC oversees the state’s administration would create a perception of bias and undermine public trust in the federal government’s handling of the situation.

"The FCT Minister’s involvement in the Rivers State crisis raises serious concerns about fairness and impartiality.

"For the state of emergency to be seen as a genuine effort to restore peace, the government must avoid any appearance of favoritism or conflict of interest.

“Suspending the FCT Minister

governor said the distribution of the rice would support the initiative of the state in addressing the effects of the economic hardship.

“This is a special month of fasting by both Christians and Muslims as the Ramadan and Lent season fall in the month of March. One of the best ways to show the essence of this season is through giving to the needy and that is what the ADF has shown.

“In Lagos state, we also have a robust food initiative programme for farmers and all Lagosians with the Ounje Eko food in all local government areas of the state where the state government subsidises 10 per cent of the food prices to buyers.

would help create a neutral environment necessary for effective conflict resolution," the statement read.

PeacePro emphasised that the success of the state of emergency depended on the federal government's ability to maintain neutrality and fairness.

PDP, CUPP Reject Emergency in Rivers

The Peoples Democratic Party (PDP) has said it was dismayed by Tinubu’s national broadcast in which the President, in utter violation of the 1999 Constitution, pronounced an imposition of a state of emergency in Rivers State

In a statement by the National Publicity Secretary, Debo Ologunagba, it said, ''The PDP rejects outright this attempt by the President to override the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and undermine the votes and Will of the people of Rivers State by seeking to depose a democratic government and foist an undemocratic rule in the State.

''The unconstitutional declaration by President Tinubu of the suspension of the democratically elected Governor of Rivers State, Governor Siminalayi Fubara and appointment of an unelected individual, Vice Admiral Ibokette Ibas (rtd) to govern the state is a clear attack on our nation’s democracy, an abrogation of the votes and democratic right of the people of Rivers State to choose their leader under the Constitution.

''The action of Mr. President therefore clearly borders on attempt at state capture. It is the climax of a well-oiled plot to forcefully take over Rivers State for which the All Progressives Congress (APC) has been bent on stoking crisis to ensure that democracy is ultimately truncated in the State.

''Nigerians are invited to note that the situation in Rivers State and the reasons adduced by the President cannot justify the declaration of a state of emergency in the State under the 1999 Constitution, rendering the declaration completely incompetent.''

The PDP alerted that the imposition of emergency rule in Rivers State was part of the larger vicious plot to foist a siege mentality across Nigeria, decimate opposition, impose

“We appreciate the kind gesture of Mr Dangote and his foundation for always showing support to Lagos State. We enjoin all well-meaning Nigerians to emulate the initiative and give back to the society. Speaking further, Dangote noted that Lagos state holds a special place in the hearts of the Group, hosting two of its major investments - Dangote Petroleum Refinery and Dangote Fertiliser Plant. He disclosed that the Dangote Group was also working on the nutrition agenda and had made significant strides in food fortification, investing in iodised salt and vitamin ‘A’ fortified sugar.

a totalitarian one-Party State and turn the country into a fiefdom According to Ologunagba, ''In any case, nothing in Section 305 of the 1999 Constitution relied upon by the President in the declaration grants him the exclusive powers to declare or execute the declaration of a state of emergency without recourse to the statutory approval of the National Assembly.”

Also, the Coalition of United Political Parties (CUPP) has said Tinubu' imposition of state of emergency in Rivers State raised serious concerns about the state of Nigeria's democracy.

National Secretary of CUPP, Peter Ameh, said, “By suspending Governor Sim Fubara and appointing a sole administrator, Tinubu has flagrantly disregarded the Constitution and undermined the principles of democracy.''

He explained that the selective application of the State of Emergency decree in Rivers State, while ignoring other states plagued by similar or even worse security challenges, raised questions about the motivations behind such a decision.

According to the national secretary of CUPP, ''The Constitution is clear: a governor can only be removed from office through impeachment by the State House of Assembly, death, resignation, or completion of tenure. Nowhere does it grant the President the power to suspend a governor or declare a state of emergency as a tool for political suppression.

''The president's actions are not only unconstitutional but also a blatant overreach of executive power. To remove an elected official at will, he is setting a dangerous precedent that threatens the very foundation of Nigeria's democracy.

''This is not just about Rivers State; it's about the rule of law, the separation of powers, and the protection of citizens' rights. If this unlawful act is not challenged, we risk creating a culture of impunity where presidents can arbitrarily remove elected officials who refuse to toe their line.

''Nigerians must not stay silent. We must demand that our leaders respect the Constitution and uphold the principles of democracy. We must reject this brazen attempt to undermine our democracy and hold our leaders accountable for their actions,” he stressed

Mustafa, during the

PHOTO: ENOCK REUBEN

Emmanuel Addeh in Abuja

T I nubu Decl A re S S TAT e of e mergenc Y I n rI ver S S

COURTESY VISIT TO THE MINISTER...

President, Abuja Chamber of Commerce and Industry(ACCI), Dr Emeka Obegolu SAN

ministry in Abuja…yesterday

and Minister of Budget and Economic Planning, Senator

Ebonyi Gov, Nwifuru, Suspends Three Commissioners over Absenteeism

Benjamin Nworie in abakaliki

Ebonyi State Governor, Francis Nwifuru, has suspended three commissioners in his cabinet for absenteeism.

The affected Commissioners are: Solomon Azi(Grants and Donor Agencies), Victor Chukwu (Environment) and Ikeuwa Omebe(Rural Development.

The commissioners were

suspended for one month for being absent without any permission during the State Executive Council meeting held on Monday.

Commissioner for Information and State Orientation, Jude Okpor, who disclosed this at a press briefing on the outcome of the executive council meeting, noted that the Governor warned against absenteeism and lackadaisical attitude to work by public servants

Nursing Mother, Mad Man among Those Set Free in A’Ibom

Okon Bassey in Uyo

A nursing mother and a mad man, were among 55 inmates set free in Akwà lbom State weekend.

The Chief Judge of Akwa Ibom State, Justice Ekaette Fabian Obot, said those released in the Four Correctional Centres of Ikot Abasi, Eket, Ikot-Ekpene and Uyo were to decongest the Correctional Centers in the state.

A statement issued in Uyo stressed that “part of those released were a nursing mother who gave birth in custody and a mentally deranged person.”

Justice Obot ordered the welfare

unit of the Correctional Centre to trace the family of the mad man, Daniel Bassey Ukpong, so that he would be handed over to them for proper medical treatment.

The statement stressed that out of the 55 freed inmates, 18 were released on health grounds for sickness which ranged from leprosy, tuberculosis, kidney failure, HIV/ AIDs, among others.

“The jail delivery exercise, held for three days, was aimed to decongest Correctional Centers and offer a second chance to deserving inmates who have demonstrated signs of rehabilitation while in custody.

Egube Charges Youths on Digital Skills

Ayodeji Ake

The Deputy Chief of Staff, Lagos State, Mr. Sam Egube, has charged youths in Ajeromi-Ifelodun Local government to embrace the use of technology and acquire digital skills to promote entrepreneurship and reduce unemployment.

In his keynote at the Mindset With Vice Chairman, Series Eight, themed ‘Powering the Next Generation of the Digital leadership Mindset’, Egube noted that the importance of the youth to be technologically inclined is for self-development.

He said: “We always say that when we build the youths, we build the nation. The governor’s

second agenda has heightened the focus on inclusion for our youth population. We see this as a partnership with the government of Lagos state to encourage selfdevelopment, entrepreneurship, and mindset-development. And today we are with the vice chairman of Ajeromi-Ifelodun local government and we are excited to be here, aligning with what the governor is doing.”

“We can as well see that our people are eager to learn and participate in growth. Seeing this shows that Nigeria has greatness in her and it’s manifesting. I believe that we are continuing to get better as a people and we will acculturate our minds to continue.

The Next Titan Raises Prize Money to N50m

Mary Nnah

The Next Titan Nigeria has raised the stakes with the announcement of a massive N50 million grand prize, set to inspire a new generation of entrepreneurs.

This monumental investment is specifically designed to catalyze the growth of new businesses, create jobs, and stimulate economic activity across various sectors, thereby contributing significantly to the country’s economic development.

The highly acclaimed reality TV show, which has been at the forefront of fostering entrepreneurship, innovation, and creativity in Nigeria, is set to kick

off its new season with auditions scheduled to hold across the country.

This move is expected to provide a significant boost to the country’s entrepreneurial ecosystem, while also inspiring a new generation of entrepreneurs to pursue their passions and transform their ideas into reality.

The Headline Sponsor of the Season 10 is Betano, a multinational gaming tech and betting company, and with the sponsorship of Sifax Group, Arik Air, Lifemate Nigeria, NikkyTaurus Limited, and other brands that are showing commitment to fostering entrepreneurial talents and driving innovation in Nigeria’s business landscape.

of the state.

According to him: “while warning against absenteeism and lackadaisical attitude to work among the public servants

of the state, the governor further announced the suspension of the following three commissioners for one month for being absent in the day’s meeting without any

permission.”

“The Honourabe Commissioner for Grants and Donor Agencies, Hon. Solomon Azi; the Honourable Commissioner for

Environment, Rt Hon. Victor Uzoma Chukwu and the Honourable Commissioner for Rural Development, Hon. Barr. Ikeuwa Omebe.”

Police Arrest Six Kidnap Suspects, Recover Cash, Arms in Rivers

Arrest motorcyclists supplying food to kidnappers in Ondo

Adibe Emenyonu in Benin city and Fidelis David in akure

Operatives of Edo State Police Command said they arrested six suspected kidnappers, recovered cash suspected to be proceeds from kidnapping activities, arms and ammunition.

Similarly, Ondo State Police command has arrested two motorcyclists (Okada riders) for allegedly supplying food items to kidnappers in their hideouts across the state.

The Edo Police Public Relations Officer (PPRO), Moses Yamu, disclosed this in

a statement yesterday, saying the arrests and recoveries were made from several places in parts of Edo North which has experienced violent kidnappings and killings in the last three weeks.

The statement read: “On 16/03/2024 at about 0430hrs, operatives of the Agbede Police Division alongside vigilance personnel, while on stop and search in Aviele along Abumere by power line, intercepted and arrested three suspects namely; Jamilu Idris 20yrs, Usman Shuaibu 24yrs and Yahuza Usman 20yrs.

Late Prof Nwosu Deserves Honour for 1993 Heroics, Others, Says Group

Sunday Okobi

A civil society group, Coalition for The Immortalisation of A True Nigerian Hero and Legend, yesterday expressed sadness that the late former Chairman of the National Electoral Commission (NEC), Professor Humphrey Nwosu, who was reputed to

have conducted the freest and fairest election in the history of Nigeria in 1993, has not been deservedly immortalised by the past and present leaders of the country.

The group at a world press conference yesterday in Lagos stated that Nwosu, who sadly passed away in October 2024, at

the age of 83, and described as “man of his untainted eminence, fearless courage and unmatched performance in the unbeaten national assignment he did for this country,” deserves a solemn re-tell of his immense delicate sacrifices, toils and labour towards making Nigeria better, through transparent and credible elections.

The group, led by Mr. Collins Steve Ugwu, and other leaders, including Mazi Chris O Maduka and Chief Everest Ozonweke stated that:

“He had the most profound integrity mark, never doubted in general acceptability, and never surpassed till date.

Eha-Amufu Indigenes Debunk Alleged Mass Killings in Enugu

Gideon Arinze in Enugu

The people of Eha-Amufu, a border town in Isi-Uzo Local Government Area of Enugu State have denied reports making the rounds that there were mass killings and arson in the community.

The people also praised the

administration of Governor Peter Mbah which has been making efforts to address insecurity across the state.

The indigenes and community leaders addressed newsmen who visited the area on a fact-finding mission following recent viral videos of protest and counter-

Int’l Women’s Day: NEXIM

The Nigerian Export Import Bank (NEXIM) has marked the 2025 International Women’s Day with the launch of Women In Export Development Funds (WEDF).

protest by groups of women over alleged recent mass killings and widespread arson in Eha-Amufu communities.

Speaking to newsmen during the visit, President-General of Mgbuji Eha-Amufu, Donatus Odoh, said that the community had witnessed past mass attacks on the communities of Eha-Amufu by suspected herders.

Launches

“So, on the issue of the protest being done last week or so, on the basis of the supposed killing of 100 or 200 persons in Eha-Amufu recently as I saw in one video being circulated, none of that happened.”

Export Development Funds

Director, Mr. Abba Bello, the initiative is meant to deepen the bank’s interventions towards increasing the participation of women in the non-oil export sector.

According to the Managing

This just as a former Minister of Finance, Mrs Kemi Adeosun, former Chairwoman of Access Bank, Dere Awosika and the Executive Director, Business Development, NEXIM Bank, Hon. Stella Okotete, have urged women to be resilient and break systemic barriers that have held them down for too long, adding that self development will put them at vantage positions to do exploits in business and other chosen careers.

He extolled the virtues of women, noting that their importance and great contributions are globally recognised.

Abba stated that this year’s theme: ‘’For All Women and Girls: Rights. Equality. Empowerment’’ #”Accelerate Action” is a call towards empowering women and addressing gender disparities with focus on strategies, resources, and activities that positively impact women’s advancement.

Naira Abuse: Edo PDP Commends EFCC on Arrest of Okungbowa

Adibe Emenyonu in Benin city

The Edo State Chapter of the Peoples Democratic Party (PDP) has commended the Economic and Financial Crimes Commission (EFCC) for the swift arrest of Kelly Okungbowa, also known as Ebo Stone for alleged naira abuse.

Okungbowa, who until recently was the Coordinator of the Edo State Public Safety Response Team (PSRT), now suspended by the State Government over allegations of extortion, harassment, and unruly behaviour, was arrested by the EFCC owing to a viral video where he was seen

spraying naira notes on two exotic dancers, at a bar, on March 9, 2025.

In a statement, Publicity Secretary of the Edo State PDP Caretaker Committee, Chris Osa Nehikhare, charged EFCC on thorough investigation and diligent prosecution in accordance

with the CBN Act of 2007 which criminalises the abuse of naira notes.

Nehikhare said: “The Edo State Chapter of the PDP commends the EFCC for the swift arrest of Kelly Okungbowa, also known as Ebo Stone for alleged naira abuse.

Bauchi Traditional Commends UNICEF for Child Nutrition Initiative

Segun Awofadeji inBauchi

The District Head of Toro, Alhaji Umar Adamu, has commended UNICEF for supporting the cause of women and children in the area of nutrition, saying that the initiative has really improved their lives.

Adamu made the commendation yesterday when he received a team from the Country Office of United Nations Children’s Fund (UNICEF) in Abuja led by the Deputy Country Representative of Programme, Dr. Rownak Khan.

He said that women in the LGA have been supporting the initiative and campaign for adequate nutrition attention to children in their first 1,000 days.

According to him, “Here in Toro LGA, because our women have embraced the nutrition initiative,

we have healthy children and mothers who are engaging in exclusive breastfeeding of the children.

“We engaged in serious advocacy and sensitization meetings before we got to the stage we are now. “

(left),

Abubakar Bagudu, during the visit of the ACCI to the

Super Eagles in First Closed Training Session Under Chelle in Kigali

Rwanda’s two bereaved players decamped yesterday

2026 WORLD CUP QUALIFIERS

Duro Ikhazuagbe

Apart from American Major League Soccer (MLS) New England Revolution midfielder, Alhassan Yusuf, who was yet to hit camp as at yesterday evening, Super Eagles had their first training session under the new Nigeria Head Coach, Eric Sekou Chelle in Kigali, Rwanda.

Although the session with 22 players was closed to sports journalists, the former Mali gaffer, stamped his authority on the team from this very first training. He made the players realized that he was in the Super Eagles with a mission.

A clip of the training session seen by THISDAY showed Super Eagles players in drills and minor walking of the ball in between players to help them overcome jet lag. Real tactical and game-plan part of the training was not allowed to be recorded.

According to camp sources, Super Eagles are going to have two more training sessions in Kigali before the all important World Cup qualifier against hosts Rwanda on Friday evening at the Amahoro Stadium before flying into Uyo to take on Zimbabwe four days later.

Meanwhile, two siblings in Rwanda’s Amavubi have been

decamped ahead of Friday’s clash with Nigeria.

The players, defender Fitina Omborenga and his younger brother Yunusu Nshimiyimana were allowed to leave camp on Tuesday to go home to mourn their late father, Rwanda FA issued a statement that was quoted by local paper The New Times.

Earlier on Monday, both players were part of Algerian born coach Adel Amrouche’s 28-man squad that trained ahead of their two home clashed with Nigeria and Lesotho.

Media Officer of the Rwanda FA, Maurice Mutuyimana confirmed to the local media that the brothers have been given permission to go home.

“They were given permission to leave the camp and attend the burial of their deceased father,” the FA Spokesman concluded in the statement.

Rwanda’s Amavubi are also strategizing to pick all six points against Nigeria and Lesotho this weekend to consolidate their hold at the top of Group C. Additional six points to their already seven will take the Amavubi to unassailable 13 points, a situation that is likely to give the group ticket to the Rwandese for their first ever appearance at the World Cup.

Eagles Four-star Hostel in Abuja Ready in 24-Month

Olawale Ajimotokan in Abuja

The Super Eagles hostel will be built to a four-star hotel level and be ready in 24 months, the project consultant, Gambo Amadu, said yesterday at the project’s groundbreaking ceremony in Abuja.

According to the consultant, the existing pitch at the FIFA Goal Project will be rehabilitated, in addition to a new synthetic pitch and a new natural grass pitch.

The pitches will have two changing rooms that are able to accommodate 27 players at time. The changing rooms will also be provided with a tactics room, a massage room and an ice-in-mature room in each of the changing rooms.

“There will be two changing rooms for the officials. There will be provision for offices for the technical officials. There will be a small restaurant for snacks and take-away night refreshments. The pitches will be provided by a single seating gallery for spectators.

That will accommodate 1,838 seats. The pitch material will be provided by a FIFA-preferred supplier. And in this case, it will be made from natural grass. The period of construction shall be 24 months. That is the maximum.

“The second project is the construction of the hostel. The hostel consists of 68 rooms, two presidential suites, four executive suites and two seats. Then the remaining 68 will be single rooms and this will be a high-class hostel with a level of four stars. The hostel will be provided with a conference hall that will accommodate 170, a banquet hall that will accommodate 170, meeting rooms and other facilities that will be conducive for the use of the grass.

There are other ancillary facilities like the swimming pool. So the level of standard of this hostel is to a fourstar hotel level. The drawings for the construction have been approved by FIFA. They have been approved by the Development Control of the FCTA,” Amadu said.

Excitement Builds as Season 2 of TASG Ignites Lagos

The enthusiasm among students is palpable as the second season of the Lagos State Athletics Association (LSAA)-sanctioned tournament, The Athletics School Games (TASG), kicks off in Lagos on Saturday, March 22. Athletes will compete fiercely for glory and prizes for their respective schools. From the initial 11 schools that participated in the inaugural oneday meet, the number has grown to 16 schools within Lagos for Season 2, which will be held at the Yaba College of Technology (YABATECH).

Considered one of the most vibrant inter-school athletics tournaments in Lagos, all eyes are on the defending champions, Grange, who are determined to retain their title, while other teams are eager to dethrone them this year.

Athletes will compete for laurels

in both elementary and secondary school categories during this oneday athletics meet. To meet global standards, the organizers have registered the tournament with World Athletics (WA) to ensure that the times recorded by the athletes are recognized by the world body. According to Funmi Otegbeye, Technical Director of LSAA, the involvement of WA will help upload the timing of specific events on the WA website for future reference. "We are set for the event because we want to improve on what we did in 2024. All is ready as technical officials are prepared, and all necessary logistics to ensure timely results transmission have been put in place. We look forward to an exciting event this year, especially with more schools identifying with TASG," she said.

Cameroon’s Indomitable Lions Set to Consolidate Group D against Eswatini

Cameroon will be looking to take one step closer towards securing qualification for the 2026 World Cup when they visit the Mbombela Stadium today to face off against Eswatini.

While the away side are currently top of Group D of the qualifiers on eight points from four matches, the hosts are yet to get themselves up and running after four games. Eswatini have no point yet from four matches so a win here this Wednesday evening would do them the world of good.

Libya and Cape Verde on seven points each are on the heels of the Cameroonian Lions. Angola are fourth on six points while Mauritius are fifth on four points in the group.

Cameroon got their World Cup qualification journey off to the perfect start by comprehensively defeating Mauritius 3-0 on November 17, before playing out a 1-1 stalemate against Libya four days later.

Off the back of a disappointing AFCON showing that ended in a round-of-16 exit to Nigeria, the Indomitable Lions resumed their qualifying campaign with a victory over Cape Verde, but they were held to a goalless stalemate by Angola shortly afterwards.

Since last taking to the field on World Cup qualifying duty in June 2024, Cameroon have won five of their subsequent eight matches

across all competitions, with their only defeat during that time coming in the most recent outing against the Central African Republic.

Six of the aforementioned eight matches have come en route to securing an AFCON ticket for next year's continental event in Morocco, where Cameroon will be keen to make amends for their last underwhelming continental display, which led to the dismissal of Rigobert Song.

Just one point clear of Libya and Cape Verde at the summit of their World Cup qualifying group, Marc Brys's men will be keen to retain their lead as the qualifying round of matches approaches its midway point.

Thanks to the expansion of football's biggest tournament to 48 participants, 12 more than the usual 36, Cameroon are aiming to be one of nine teams to book their

and 6

AFROSPORT TV to Air Super Eagles' 2026 FIFA World Cup Qualifiers

As the Super Eagles embark on their quest for a place in the 2026 FIFA World Cup, AFROSPORT TV, the official broadcast rights holder for Nigeria’s qualifiers, has assured football fans of uninterrupted live coverage of all remaining matches.

The network has finalized all necessary logistical arrangements to ensure a smooth and comprehensive transmission of the qualifiers, starting with Nigeria’s crucial away match against Rwanda on Friday, March 21, in Kigali, followed by the home fixture against Zimbabwe in Uyo on Monday, March 25. Both matches are scheduled to

kick off at 5:00 PM Nigerian time, with extensive pre-match analysis beginning at 4:00 PM. According to AFROSPORT TV’s Content Director, Deji Omotoyinbo, fans across Nigeria can tune in to AFROSPORT TV’s extensive affiliate network, which includes 25 Broadcasting Organisation of Nigeria (BON) member stations. Among the key partners are Africa’s largest television network, the Nigerian Television Authority (NTA), as well as independent broadcaster Silverbird TV, alongside several major state and regional television stations. This strategic partnership

ensures that the Super Eagles’ World Cup qualification campaign reaches every corner of the country.

Omotoyinbo reiterated the network’s commitment to providing direct access to the Super Eagles’ journey for millions of Nigerian fans. “We are dedicated to bringing the best possible coverage of the Super Eagles’ road to the 2026 FIFA World“OurCup.collaboration with BON affiliate partners on terrestrial TV will ensure that every Nigerian can follow the team’s progress, from the first whistle to the final qualifying game,” he stated.

The comprehensive broadcast arrangement covers all six remaining qualifiers, reinforcing AFROSPORT TV’s commitment to keeping Nigerian fans engaged with live action, expert analysis, and post-match breakdowns. With the Super Eagles eager to secure their place at the global tournament, AFROSPORT TV’s extensive network coverage provides an unparalleled opportunity for fans to rally behind their national team. The journey to the 2026 FIFA World Cup has begun, and AFROSPORT TV is ensuring that no Nigerian football enthusiast is left behind.

Super Eagles players had their first training session undervalue new coach Eric Chelle in Kigali, Rwanda ...yesterday

Cameroon’s Indomitable Lions will kickoff their Match-day 5

today hoping to consolidate on Group D leadership against Eswatini

spot for the 2026 showpiece in North America and extend their record as Africa's most present side on the grand stage.

MISSILE

APC to El-Rufai

“Today,El-Rufaistandsdiminishedastheepitomeofaself-interestedpolitician,blindedby ego,drivenbyuntamedemotion,andbrimmingwithavengefuldesiretocollapsethesystem. El-Rufaiappearstraumatisedbyhisfailuretolandaministerialposition.Nursingabruised ego,henowlashesoutattheplatformonwhichherodetopoliticalprominence...exactlyhow istheSDP,El-Rufai’snewpoliticalabode,anideologicalsafeHaven?”--APCNationalPublicity Secretary,FelixMorka,dismissesEl-Rufai’sexitfromthepartyasnothingtolosesleepover.

OlabOdeOPeSeITAN

The Mike Adenuga in Elon Musk

They were both born, raised and acculturated in Africa. They both left their motherland, Africa, in search of the elusive golden fleece, driven by their unique aspirations and visions for the future.

After completing their academic pursuits, one returned to the continent of his birth to combine the entirety of his experience with the mystical ingenuity of his Ijebu people to build enduring, multi-generational wealth.

The other chose to remain in the United States, recognizing that pursuing the American dream offered a more exponential path to success than returning to Africa. To contextualize the impact of this choice, the net worth of the wealthiest South African Johann Rupert, is $12.8 billion, while Elon Musk’s net worth is $335.2 billion, the highest in the world.

The gulf between their wealth is as vast and unbridgeable as the ocean. If Elon had remained in Africa, he might not have topped Johann’s net worth of $12.8 billion. He made the right call back then.

Back to Adenuga and Musk, one is now in his early 70s, the other in his early 50s.

Both share striking similarities across the nobility in the leadership value chain: Entrepreneurial Vision & Leadership: Both are visionary business leaders who have

significantly shaped their industries—Musk in fintech, space, electric vehicles, and AI, and Adenuga in telecommunications and oil. Their ability to innovate and lead massive enterprises

highlights their strong leadership qualities.

Courage & Risk-Taking: Both leaders exhibit extraordinary courage in taking risks. Musk has pushed forward with revolutionary ideas in space travel and electric vehicles despite scepticism and huge setbacks, while Adenuga disrupted Africa’s telecom and took bold steps in the oil industry, competing in both instances against African and global giants.

Generosity & Philanthropy: Both are known for their charitable efforts. Musk has contributed to renewable energy, space exploration, and AI safety, while Adenuga has funded scholarships and community development programs in Nigeria and beyond, where he is also regarded as the king of individual empowerment.

Influence & Global Impact: They are both highly influential figures in their regions and globally, shaping industries, inspiring entrepreneurs, and influencing policies in technology and business.

Loyalty: Both have shown dedication to their missions and the communities they serve. Musk focuses on global tech, while Adenuga prioritizes Nigerian and African development.

I used The Nurturing Nobilities Group (TNNG) parameters for nobility in leadership to rate the two leaders, and the outcome was a hit. The rating was based on public perception and documented actions.

Despite differences in style and personal

MagnusONYIBe

philosophy, their overall nobility scores are remarkably equal, showcasing their shared commitment to innovation, leadership, and societal impact. Musk excels in disruptive vision but faces criticism on ethics and humility, while Adenuga balances ambition with communityfocused humility.

The Divergence: Conventional Wisdom

While strikingly similar across several pillars of nobility, they are remarkably different in conventional wisdom. While both are highly rated for strategic innovation, Adenuga shows distinct discretion regarding practical wisdom in business-government relations.

Take the Department of Government Efficiency (DOGE) in the US for instance. How would Mike Adenuga have handled such a situation? Efficient government operations are undeniably essential for any nation. If implemented with transparency and impartiality, DOGE promises to become a groundbreaking initiative. Elon Musk’s visionary approach to devising a program that could cut government costs, boost efficiency, stimulate economic growth, and reduce national debt brims with transformative potential.

However, Mike Adenuga likely would not have volunteered to run such an organization directly. Given the magnitude of the billionaire

Tinubu Reforms and Executive Orders

President Bola Tinubu’s decision to end the roughly forty years of subsidizing petrol pump prices on the very day of his inauguration—May 29, 2023—is a prime example of the use of executive orders, one of the three legitimate tools of governance. Subsequently, the long-standing policy of maintaining a fixed exchange rate for the naira against foreign currencies, which had been in place for several decades, was also discontinued.

As a consequence of these two drastic reform measures implemented through executive orders, the Nigerian economy went into a tailspin, recording an inflation rate of over 34%. However, stability is now gradually being restored, much to the relief of the current administration and the long-suffering people of Nigeria.

Below is how President Tinubu issued these two (2) executive orders in his inaugural speech on May 29, 2023, which triggered socioeconomic turmoil:

“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care, and jobs that will materially improve the lives of millions.

Continuing, President Tinubu stated:

“Monetary policy needs a thorough housecleaning. The Central Bank must work towards a unified exchange rate. This will direct funds away from arbitrage into meaningful investment in the plant, equipment, and jobs that power the real economy.” Then he concluded by saying “Interest rates

need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level.

“Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians. The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender.”

It was not surprising that after the speech, hell was let loose as the price of petrol shot up as high as N1,300 per liter shortly after. But today it is selling for a little over N800 naira per litre.

In the twenty-two (22) months since President Bola Tinubu assumed leadership of Nigeria following his victory in the presidential election held on Saturday, February 25, 2023, he has directed the affairs of the country from Aso Rock Villa, Nigeria’s presidential seat of power. His policies, to say the least, have been revolutionary, leading to an unprecedented rise in the cost of living thankfully is currently on a downward slope heading towards stability.

Since taking office, as highlighted earlier, the president has leaned heavily on executive orders rather than relying on traditional legislative and judicial processes. Generally, President Tinubu’s preference for executive orders appears to have been proven to be more efficacious for his administration compared to conventional governance methods—or so it seems.

This article seeks to assess the veracity of that

assumption by conducting a comparative analysis of the three primary approaches to governance in a democratic setting: leveraging executive, legislative, and judicial instruments. To achieve this objective, we must examine the merits and demerits of these tools, particularly in the context of Nigeria under President Tinubu’s leadership. Before delving further into the effectiveness of these governance tools in Nigeria’s democratic environment, it is appropriate to take a brief look at how executive, legislative, and judicial powers have been applied in democracies around the world.

For a holistic assessment and understanding of governance tools, it is pertinent to trace their origins back to ancient times—specifically, to Cleisthenes in Athens, Greece, in the 6th century BC, where democracy was first introduced. It was later nurtured by thinkers like Aristotle and Cicero. We will also examine France, where democracy was further refined under the influence of Enlightenment philosophers such as Alexis de Tocqueville, Montesquieu, and Jean-Jacques Rousseau. Next, we will consider India, the world’s largest democracy with a population of 1.4 billion. Finally, we will reflect on the United States of America (USA), the world’s foremost democratic nation and leader of the free world, from which Nigeria borrowed its current presidential system

President Bola Tinubu

Adenuga