Author: The Nation

  • Customs to engage retired management staff as consultants – Adeniyi

    Customs to engage retired management staff as consultants – Adeniyi

    The Nigeria Customs Service (NCS) said it has commenced work with the Minister of Finance, Wale Edun to sponsor a bill for the establishment of a separate entity-NCS Pension Administration.

    According to its Comptroller General, Adewale Adeniyi, the initiative is modeled after the Nigeria Military, which has its separate Pension Service.

    He broke the news in Abuja during the Reunion of Old and New Management Members of the Nigeria Customs Service, themed “Our Customs Heroes.”

    Those that graced the reunion included ex – Comptroller – Generals of Customs, retired Deputy Comptroller- General of Customs and Assistant Comptroller -Generals  of Customs.

    The immediate past CG, Col. Hameed Ali (retired ) was also present among other living legends of the ex- management staff of NCS. 

    Adeniyi said: “And recognizing the urgency of addressing pension, concerns, discussions have been initiated with the Minister of Finance to sponsor a bill aimed at establishing a separate entity for the management of NCS pension administration.

    “This model will be mirroring successful models in other sectors such as the military.”

    Earlier, he revealed that owing to the NCS commitment to a better welfare for the ex – management staff, it has initiated a number of measures, aimed at ameliorating the plights of the retired officers.

    He noted that first in the provisions in the gazzette are currently undergoing the following review, and measures to enhance the welfare framework of retired officers. 

    Adeniyi added that the HRD (the Human Resource Department,  has been actively engaged in transitioning the current verification exercises of retired Customs officers and migrating it from being a physical format to a digital format, streaming and expediting the processes. 

    He further noted that based on the wealth of experience of the retired heroes, the NCS is planning to take advantage of their expertise to engage them as NCS consultants.

    “Moreover, recognizing the wealth of experience held by our retired management officers, the service is exploring options to leverage these expertises by engaging them as our consultants.”

    The Customs boss also announced that in view of the prevailing security challenges in the country, the NCS is taking proactive measures to ensure the safety of its management officers during their transit, transfer and travels.

    He noted that “this will incur comprehensive security protocools to guarantee their wellbeing in transit, reflecting our commitment to the holistic welfare and significant security of all of you.”

    According to him, “those ongoing efforts signify our dedication to enhancing the post service experience of our retired officers and reinforcing the pivotal role they play in the continued success of the Nigeria Customs Service.”

    Read Also: Tinubu assures NMU of infrastructural, other support

    On the healthcare of the retired management officers, he said the NCS will not leave their healthcare burden to only them to bear.

    “We recognize the critical importance of prioriotising the healthcare needs of our retired officers. 

    “Your health is not only a personal priority but a shared responsibility for all of us.

    “We commit to ensuring that healthcare remains the central focus providing you with the care and support that you need,” said Adeniyi.

    He hoped that the reunion will be a symbol of commitment to build a virile NCS.

    The Customs boss noted that several organizations such as the Central Bank of Nigeria (CBN), the Nigeria Breweries Limited and other International Oil Companies (IOCs) tap into the wealth of expertise of their retired officers by engaging them as consultants.

    He acknowledged that the NCS has an abundant expertises among the retired management staff that were present in the reunion.

    He added that in various organizations, these retirees have not only preserved institutional knowledge, but have also played a pivotal role in guiding institution towards innovation and sustainable growth. 

    The CG noted that Customs stands to gain significantly by applying similar principles in Customs  particularly in such areas like policy formulation, trade facilitation and procedural enhancement that can actually pave a way for a more agile, informed and forward thinking Customs operations. 

    According to him, this exchange of insight can propel the NCS towards greater efficiency, towards enhanced regulatory compliance and ultimately to broader economic development goals of the nation. 

    In his goodwill message, Hammed Ali thanked Adeniyi for being innovative to the extent of organizing the reunion. 

    He further expressed gratitude to him for the support and advice the present CG accorded him during his tenure.

    According to Ali, the support Adeniyi gave him is now accountable for his own modest success.

    Ex CG Benard Nwadialu, who said  his tenure was very short, attributed the welfare the retirees now enjoy as part of the measures Ali instituted. 

    On the other hand, ex CG Dr. Abubakar Musa pledged his willingness to offer advice to the NCS whenever the need arises to Adeniyi.

    Adeniyi said: “As we embark on this crucial journey to harness the invaluable wealth of experience from our retired officers, it is imperative to acknowledge and address some existing gaps that may have hindered the optimal utilization of these valuable resources. 

    “Learning from successful instances of some other organizations, we must recognize the following gaps and we must strive to overcome them. I come humbly before you, to let know that we have not done the best to ensure we tap into resource.

    “I know that a number of reasons might be responsible for this. And learning from successful instances of some other organizations we must recognize the gaps, and we must strive to overcome them.

    “I come humbly before you to let you know that we have not done the best to tap into your resources and know that a number of reasons might be responsible for this. I will just try and mention some which possibly will resonate.”

  • Soludo to firm: our hearts beat together for development in Anambra

    Soludo to firm: our hearts beat together for development in Anambra

    Anambra State governor, Prof. Chukwuma Soludo, says, the way his heart beats for develpment for Anambra, is the way that of a firm, Dotland Property Development company beats.

    The governor hailed the company for acquiring and developing paradise estate at Enugu-Agidi, which according to him, would help develop Awka Capital Territory.

    Soludo, spoke while performing the groundbreaking ceremony of Paradise City Estate.

     The former Central Bank of Nigeria CBN, explained that the property would equally help to make Anambra State liveable and prosperous as envisaged by his administration.

    Soludo, was represented by the Chief Executive Officer CEO of Anambra Broadcasting Service (ABS), Hon. Chido Obidiegwu.

    He stressed that his administration was committed to providing enabling environment to the citizenry with genuine businesses and intentions to thrive. 

    He said: “We gathered because of the importance attached to housing and shelter. We’re already providing food, water, education, youth and women empowerment, and others. 

    “Our people living within and outside Anambra should bring their wealth home by providing shelter, industries and others.

    “We have about 440 plots or two hectares of land here. You can purchase as many plots as possible because they are genuine and unencumbered property. 

    “You won’t have issue with anyone. Enugwu-Agidi are in support of it. Whatever investment you make here are in good hands and you will reap the benefits later,” he added. 

    Read Also: Tinubu assures NMU of infrastructural, other support

    Contributing, the Managing Director, Anambra State Housing Corporation, Mr Chike Anyaonu, represented by Mr Eric Onwumere, said the government would assist the property owner to access resources from various trusted sources to complete the estate.

    AMr Chidozie Igweonwu, the publicity secretary of Enugu-Agidi Brotherly Union (EBU), who represented the community, assured their support, even as he prayed for potential inhabitants to the property to be fruitful and prosperous in all endeavours. 

    Earlier, the Managing Director, Dotland Property Development company, Chief Emeka Anyadubalu, assured that relevant documents related to the Paradise estate were available and issuable to those willing to invest into the property.

    He added that it was a few minutes drive to Awka and Chinụa Achebe International Cargo and Passenger Airport respectively.

  • AGRICULTURE: The Underestimated Gold Mine among some Youths in Nigeria.

    AGRICULTURE: The Underestimated Gold Mine among some Youths in Nigeria.

    Agriculture, in a layman’s understanding is the process of rearing animals and cultivation of crops for human use.  Going a bit further, academicians defines it as an ‘art and science’ of crop production and animal rearing for human needs. This entails that the Fulani Herders are practicing agriculture so also, the rice, maize,…, and beans farmers.

    People who find themselves in the field of Agricultural either studied it as a course or learned it by experience from parents or the community in which they were brought up.

    Agriculture is a skill that is gotten from both formal and informal places of learning. Therefore, the area corroborate the popular “skills rather than just degrees”, statement of the former Nigerian Minister of Communication and Digital Economy, Professor Ali Isa Pantami. The practical skills is more appreated rather than just certificates.

    Alot of youths have made it and are still making it through agriculture. Some build houses, got married and living comfortably with their families, some acquired so many properties through Agriculture. Some, of these youths never had the opportunity to attend higher institutions of learning, while, others attended it and are fully into it. However, some never study Agriculture as a course but practice it because of its dividends.

    Read Also: Rivers crisis: Wike hits Fubara

    It is a sad thing today, that some youths undermine Agriculture and anyone that practices it. They often view them as a poor, wretched and uncivilised people. Which is bad!

    In order, to correct this error, parents, traditional rulers, stakeholders and the government have a role to play.

    For the parents, it is important to placed equal value Agriculture and other disciplines or career while advising their words in making career choices.  It important to portray Agriculture in a good light while giving career counseling. This will positively shape the word’s career world views.

    Furthermore, the traditional rulers, government and other stake holders have a work to do. One the of the work is to ensure justice and equity while handling farm, animal or farm-animal disputes so as to encourage youth to venture into farming as well as promoting a peaceful coexistence.

    As the world is changing, the global and national economy are changing, inflation here and there. There’s need for every youth to explore this gold mine in order to generate income, improve standard of living and the economy. When we produce what we consume, there will be no need for importation of foodstuffs and the Naira value will be appreciated.

    By Elizabeth Nwanko,

    Department of Mass Communication, UNIMAID.

  • Under 30 CEOs Awards: Organisers announce nominations, voting ends Dec. 6

    Under 30 CEOs Awards: Organisers announce nominations, voting ends Dec. 6

    CEOs Network Africa, the premier platform dedicated to recognizing and empowering young business leaders across Africa, has announced the nominees and voting phase for the 2023 Under 30 CEOs Awards. 

    A statement released by the Chairperson of the awards committee, Mrs. Mina Obeten, stated that the award which is now in its fifth year is a devoted platform fostering the growth of young African talents. 

    According to her, the Under 30 CEOs Awards exemplify the immense talent and potential of young entrepreneurs offering the public a unique opportunity to contribute to the celebration of innovation and leadership within the business community.

    She said “CEOs Network Africa invites the public to vote for nominees, nominated for their exceptional achievements as young CEOs who have demonstrated remarkable leadership, innovation, and creativity.

    “This prestigious awards ceremony, now in its fifth year, highlights nominees across diverse categories. For this year’s Under 30 CEOs Awards, we are proud to announce that Legend by Suburban is partnering with CEOs Network Africa, demonstrating a shared commitment to empowering young business leaders.”

    Mina who also called for public participation in the voting process, stated that the voting period will be open until December 6, 2023, to provide ample time for the public to engage and have their voices heard. 

    “by participating in the voting process, you become an integral part of shaping the narrative of success for these extraordinary individuals. We believe in the power of the community to recognize and celebrate the achievements of young business leaders.”

    Speaking on behalf of CNA, the founding partner, Omojo Wada, highlighted the profound impact the Under 30 CEOs Awards has had on the African business landscape over the past five years. 

    He said, “The Under 30 CEOs Awards have served as a beacon, illuminating the remarkable work of businesses and business owners across the continent. Witnessing the transformative influence these awards have had on the lives of young entrepreneurs has been nothing short of inspiring.”

    He added, “The success stories that have emerged from past award recipients are a testament to the resilience and innovation inherent in Africa’s youth. It is this impact, this tangible result, that fuels our team’s unwavering dedication to organizing this event annually. 

    “We, therefore, encourage you to join us in our quest to showcase African talent and hardwork by voting for businesses and people you believe deserve the recognition.”

  • A’Court lays to rest Kano judgment CTC controversy

    A’Court lays to rest Kano judgment CTC controversy

    • ‘Clerical error can’t invalidate verdict’
    • Party seeks  probe 
    • Police disperse protesters in Kano
    • NNPP takes case to Supreme Court
    • From Eric Ikhilae, Tony Akowe, Abuja and Fanel Ihyongo, Kano

    The controversy over the Certified True Copy (CTC) of the judgment sacking Kano State Governor Kabir Yusuf was laid to rest yesterday by the Court of Appeal.

    The court insisted that its verdict pronounced in the open court on Friday remains as declared.

    It reiterated that it affirmed the decision of the trial tribunal, which upheld the prayers of the All Progressives Congress (APC) candidate, Nasiru Gawuna.

    The New Nigeria Peoples Party (NNPP) on whose platform Yusuf was declared winner of the March 18 governorship election by the Independent National Electoral Commission (INEC) also yesterday called on the National Judicial Council (NJC) to probe the alleged discrepancies in the CTC.

    Chief Registrar of the Court of Appeal, Umar Mohammed Bangari, said there was nothing to the controversies generated by the typographical errors noticed on the CTCs of the judgment obtained by parties.

    Bangari explained that the discrepancies noticed on the body of the judgment were a result of a clerical error that did not, in any way, invalidate or change the findings and conclusion of the court.

    But Kano State’s Attorney-General and Commissioner for Justice, Haruna Isa-Dederi, disagreed with the appellate court’s clarification.

    According to him, the CTC showed that the Court of Appeal confirmed Yusuf as the duly elected governor of the Northcentral states.

    The registrar assured that the errors would be rectified once parties in the case file a formal application to that effect, adding that the court is empowered under Order 23 Rule 4 of the Court of Appeal Handbook to correct any clerical error once detected by the court or any of the parties in a case.

    The Chief Registrar stated that contrary to insinuations being peddled, the judgment of the court, as pronounced in the open court, remains valid.

    He said: “What happened in the part of the judgment being complained about is just a mere clerical error that ought not to draw any issue.

    “The court is empowered to correct such clerical error and would be done as appropriate.”

    The discrepancies noticed in the concluding part of the CTC of judgment released to parties have continued to generate reactions, with the NNPP claiming, among others, that the judgment was in its favour.

    Some lawyers have been quoted to have expressed reservations about the discrepancies noticed in the body of the judgment.

    The attorney-general said at a news conference in Kano Tuesday night that as indicated in the written judgment, the appellate court set aside the judgment of the Kano Governorship Election Petition Tribunal.

    He said: “By the evidence, as contained on page 67 of the copy of the Appeal Court judgment released on Tuesday and signed by Registrar, Jameel Ibrahim Umar, the appellate court upheld the victory of Abba Kabiru Yusuf of the New Nigeria Peoples Party as the duly elected Governor of Kano.”

    Last Friday, a three-member panel of the Court of Appeal dismissed the appeal filed by Yusuf and the NNPP. The verdict was unanimous.

    In the lead judgment by Justice Moore Adumein, the court held that evidence supplied by the parties before the tribunal established that Yusuf was not a member of the NNPP at the time the election was held.

    He noted that under Section 177(c) of the 1999 Constitution, Yusuf was not qualified to contest the governorship election since he was not validly sponsored by the NNPP.

    Justice Adumein said: “A person must be a member of a political party before he can be sponsored for an election. Sponsorship without membership is like putting something on nothing.”

    He noted it was the position of the law that every political party shall maintain the register of its voters, adding that Yusuf, to his own detriment, did not submit his NNPP membership register or even tender his statement on oath regarding his membership of the party during the hearing at the trial.

    Justice Adumein said the Constitution made it mandatory for a political party to have a membership register, which should be submitted to INEC and the election tribunal when required.

    He added: “As rightfully found, Abba Yusuf was not a member of the NNPP at the time he was purportedly sponsored by his party and he was not qualified to contest the March 18 governorship election.

    “If you claim to be a member of a political party, is it not logical for you to say so by yourself and not by proxy?

    “Even though membership of a political party is an internal affair, a political party cannot be permitted to circumvent or breach the provisions of the 1999 Constitution.

    Read Also: Abandoned N500b CCTV project: Senate seeks probe over rising insecurity

    “The tribunal was wrong not to have disqualified the appellant.

    “Therefore, the failure of the appellant and the NNPP to comply with the 1999 Constitution is fatal to their election.”

    Justice Adumein further held that the trial tribunal acted in the overall interest of justice when it allowed the APC to tender documents during the trial because INEC released documents to the party piecemeal.

    He also held that the insistence of the respondents (at the tribunal) that APC ought to have joined its candidate (Gawuna) as a party in the proceeding was not supported by the Constitution.

    The judge said a candidate is entitled to be represented by his political party during litigation.

    He upheld the findings of the tribunal in relation to faulting result sheets which were not duly stamped by INEC.

    Justice Adumein, while affirming the judgment of the tribunal, said: “All issues in this appeal are dismissed and the judgment of the tribunal is affirmed.”

    Dissatisfied with INEC’s return of Yusuf as the winner of the election, the APC lodged a petition before the Governorship Election Petition Tribunal, seeking to void the outcome of the election.

    The petitioner argued that the election was conducted in gross violation of the constitution and the electoral law and that there were malpractices in the conduct of the March 18 governorship election in Kano.

    In its judgment on September 20, the tribunal agreed with the petitioners that over 160,000 ballot papers “were not signed or stamped by INEC.”

    The tribunal, led by Justice Oluyemi Akintan Osadebay, proceeded to reduce Yusuf’s scores to 853,939 by deducting 165,663 votes but left Gawuna’s scores at 890,705, a decision that Yusuf took to the Court of Appeal.

    NNPP seeks NJC probe

    The NNPP urged the NJC to commence an investigation into the judgment to unravel what went wrong in the appeal.

    The party claimed that while the final judgment of the three-man panel of Justices upheld the judgment of the lower tribunal, “snippets from the CTC indicated that the judgment was in its favour”.

    Its National Chairman, Alhaji Kawu Ali, told reporters at a news conference that in the alternative, the NJC should conduct an independent investigation to unravel what he called the riddle.

    Ali alleged that there were initial plans to sabotage the appeal process of the party and its candidate with the delay in releasing the CTC of the judgment to them.

    He said: “All efforts to get the Certified True Copies (CTC) of the judgment for our Legal team, up till Tuesday, November 21 to prepare our processes for the appeal proved abortive and this prompted the alarm we raised up till yesterday (Tuesday) morning because time was running out on us. We all know that the appeal must be filed within 14 days.

    “Now we wish to inform the world that we were finally able to collect the CTC yesterday afternoon. 

    “To our greatest surprise, the CTC showed that the judgment delivered by Honourable Justice Moore Aseimo Abraham Adumein (JCA) and concurred to by Honorable Justice Bitrus Gyarazama JCA, and Honorable Justice Lateef Adebayo Ganiyu (JCA) is actually in favour of our candidate, the Governor of Kano State, Abba Kabir Yusuf.”

    The party said that on page 67 of the extant judgment and in its conclusive findings, the court held: “In the circumstances, I resolve all the issues in favour of the appellant (Yusuf Abba Kabir).

    “The judgment of the tribunal in petition No: EPT/KN/GOV/01/2023 between the All Progressives Congress (APC) Vs INEC & 2 others delivered on the 20th day of September 2023 is hereby set aside.

    “The sum of N1, 000,000.00 (one million naira) only is hereby awarded as costs in favour of the appellant (Engr. Abba Kabir Yusuf) and against the 1st respondent.(APC).”

    Ali added: “This is the complex situation we as a political party and our candidate have found ourselves in.

    “If at the point of delivering the judgment, there was a pronouncement that our appeal failed but the CTC of the same judgment in its conclusive findings actually resolved all the issues in our favour and even awarded costs in our favour against the APC, this definitely is a riddle.

    “We are an interested party. We own the platform on which Abba Kabir Yusuf ran for the election and was declared the winner. 

    “We are calling on the NJC to without delay commence an investigation to unravel what happened in the matter.”

  • Jaiz Bank appoints Musa MD

    Jaiz Bank appoints Musa MD

    Nigeria’s premier and largest non-interest bank, Jaiz Bank Plc has appointed Mr. Haruna Musa as the substantive managing director. The appointment has been approved by the Central Bank of Nigeria (CBN).

    Musa, whose appointment took effect on November 21, 2023, succeeded Ahmed Hassan who will proceed on retirement at the end of this year.

    In a regulatory filing yesterday at the Nigerian Exchange (NGX), the board of Jaiz Bank stated that the appointment of Musa, a former executive director at Guaranty Trust Bank (GTB), has been approved by relevant authorities.

    The board of the bank stated that they expected Musa to lead a dynamic management that will further take Jaiz Bank to new heights.

    Jaiz Bank had recorded double-digit growths across key performance indicators in third quarter 2023 with pre-tax profit rising by about 74 per cent to N6.68 billion.

    Musa possesses nearly three decades of experience in banking operations. He spent 22 years of his 28-year career in GTB, retiring in October 2023 after serving two terms of eight years as an executive director. He joined Guaranty Trust Holding Company (GTCO) in March 2001 and retired in October 2023.

    He had assumed the role of Executive Director & Head, Northeast & Public Sector, Abuja Divisions at GTB in October 2015. 

    Musa’s experience cut across retail banking, small and medium enterprises (SMEs) banking, corporate banking, commercial banking, business banking and public sector.

    He started his banking career as a banking officer at United Bank for Africa (UBA) in June 1997. He also served as a Senior Banking Officer at FSB International Bank between 1998 and 2001. He had worked as Agricultural Officer II at the Federal Ministry of Agriculture, Abuja between January 1993 and June 1997.

    Beyond his roles in Nigeria, Musa also served as a non-executive director at GT Bank (Cote D’Ivoire) Ltd and was the chairman of board audit committee between March 2015 and October 2023, where he was credited with significant contributions to the turnaround of the bank from a loss position to consistent profitability.

    An alumnus of Ahmadu Bello University, Zaria, Bayero University, Kano, and Cranfield University, United Kingdom, Musa is currently at the final stage of a Ph.D. programme in Islamic Banking and Finance at the Universiti Utara in Malaysia.

    He holds an MSc in Finance and Management from Cranfield University; MBA from Bayero University, Kano and a Bachelor of Agriculture from Ahmadu Bello University.

    Musa has also undertaken several executive-level courses including Advanced Management Programme from Wharton Business School, University of Pennsylvania, USA (2023); Making Corporate Boards More Effective – Harvard Business School, Harvard University, USA (2015); Positive Leadership Programme – Michigan Ross Executive Education, USA (2014) and General Management Programme – Cranfield University, UK (2012).

    Read Also: Abandoned N500b CCTV project: Senate seeks probe over rising insecurity

    Jaiz Bank’s new chief executive has also received several commendation letters for selflessness and meritorious service from his previous employers. He is also an honourary member of the Chartered Institute of Bankers of Nigeria (CIBN). 

    Key extracts of the interim report and accounts of Jaiz Bank for the nine-month period ended September 30, 2023 showed that the leading alternative bank grew its top-line by 39.6 per cent with gross earnings of N33.04 billion in third quarter 2023 as against N23.67 billion in third quarter 2022.

    Total deposits rose by 63 per cent to N405 billion as against N248 billion recorded in the corresponding period in 2022. The bank’s total assets also jumped by 68 per cent to N546 billion in September 2023.

    The management of the bank stated that the results reflected the bank’s contribution to the growth of Nigeria’s economy through its’ Islamic financing and investment activities in the real sector.

    Jaiz Bank, operating under Islamic banking principles, primarily derives its earnings from investing and financing activities

    According to the management, Jaiz Bank’s strong financial performance is a positive indicator of its continued growth and success in the banking sector.

    “The bank remains resolute in leveraging on continued investment in its most valued asset, its human resources, advanced technological infrastructure and more efficient processes in serving its ever growing customer base,” Jaiz Bank stated.

    Market analysts said the third quarter results further strengthened the outlook for Jaiz Bank, which plans to raise about N5.41 billion from its shareholders to bolster its balance sheet to support rapid expansion.

    Jaiz Bank plans to float a rights issue of about 5.41 billion ordinary shares of 50 kobo each at offer price of N1 per share. The rights issue will be pre-allotted on the basis of 87 new ordinary shares for every 250 ordinary shares held as at the close of business on Friday, October 6, 2023.

    Jaiz Bank, the only publicly quoted non-interest bank, has through its professional advisers, already applied to the NGX for the approval and subsequent listing of the rights shares upon completion.

    Most analysts expected the rights issue to be oversubscribed citing Jaiz Bank’s impressive performance over the past decade.

    At its last annual general meeting recently in Kano, Jaiz Bank had increased dividend payable to shareholders by 25 per cent after the alternative bank grew net profit by 68.5 per cent.

    The bank paid a dividend per share of 5.0 kobo for the 2022 business year, totaling N1.727 billion. The bank had paid a dividend per share of 4.0 kobo for the 2021 business year.

    Key extracts of the audited report and accounts for the period ended December 31, 2022 had shown double-digit growths across key performance indicators, underlining improvements in incomes and profitability.

    The 12-month report showed that gross earnings rose by 29.4 per cent from N25.84 billion in 2021 to N33.43 billion in 2022. Profit before tax grew by 59.5 per cent from N4.16 billion in 2021 to N6.63 billion in 2022. With tax writeback of N248.54 million in 2022, net profit, grew by 68.5 per cent from N4.08 billion in 2021 to N6.88 billion in 2022. Earnings per share increased by 39.13 per cent to 19.2 kobo in 2022 as against 13.8 kobo in 2021. The issued share capital of the bank had increased from 29.46 billion shares in 2021 to 34.54 billion shares.

    The balance sheet of the bank also expanded by more than one-third with total assets rising by 35.6 per cent to N378.82 billion in 2022 as against N279.27 billion in 2021. Total equity funds also increased from N24.31 billion to N29.80 billion.

    Underlying ratios had shown a generally positive outlook with the bank’s net income margin (NIM) improving from 7.86 per cent in 2021 to 8.29 per cent in 2022. Cost-to-income ratio improved from 75.49 per cent in 2022 to 70.51 per cent. Return on total assets increased from 1.49 per cent to 1.75 per cent. Return on equity also grew from 17.11 per cent in 2021 to 22.25 per cent in 2022. While capital adequacy dropped from 23.66 per cent to 19.50 per cent, liquidity improved from 29.78 per cent to 38.50 per cent.

  • Fasoranti, Falae, others intervene in Akeredolu, Aiyedatiwa’s feud

    Fasoranti, Falae, others intervene in Akeredolu, Aiyedatiwa’s feud

    Leader of pan Yoruba socio-cultural organisation, Pa Reuben Fasoranti and other elders in Ondo State have appealed to President Bola Ahmed Tinubu to intervene in the feud between Governor Oluwarotimi Akeredolu and his deputy,  Lucky Aiyedatiwa.

    The Ondo elders urged President Tinubu to end “the current constitutional crisis in the state, to avoid the looming breakdown of law and order.”

    This was contained in a statement issued after an emergency meeting held in Akure at the instance of Pa Fasoranti on the current political logjam in the state.

    Present at the meeting were traditional, religious and professional leaders, market women, the academia and other notable stakeholders.

    The statement said the meeting, which lasted for over four hours, called for prayers for the improved health of Governor Akeredolu and noted that his absence had caused lack of sustained good governance in the state.

    Read Also: Abandoned N500b CCTV project: Senate seeks probe over rising insecurity

    The statement said: “There should be no impeachment of the governor or the deputy governor by the House of Assembly. All unelected persons should allow the three arms of government find lasting solution to the current crisis.

    “The rule of law should be followed by stakeholders as enshrined in Nigeria’s constitution.

    “The elders also call on the state/national leadership of the ruling party, the All Progressives Congress (APC), to provide the required guide to those in government as well as ensure discipline among their fold.

    “Reconciliation efforts initiated by Papa Reuben Fasoranti, Oba Olu Falae, Basorun Seinde Arogbofa, Chiefs Femi Aluko, Korede Duyile and Professor Olu Aderounmu, that were started two months ago and being continuously vigorously pursued by elders/leaders, spiritual and royal fathers in the state, should be concluded with a view to allowing true rapprochement and enduring good governance thrive in the state.”

  • Teenager kills mother’s boss over cell phone in Ondo

    Teenager kills mother’s boss over cell phone in Ondo

    An 18-year-old teenager simply identified as Mubarak has been arrested for the killing of his mother’s boss, Mrs. Sidikat Anuoluwapo, over a cell phone worth N80,000.

    The lifeless body was last week found in a pool of her blood inside her room in the afternoon by one of her granddaughters who just returned from school.

    Investigations by the police in Ikare Akoko led to the arrest of the suspect and the cell phone of the victim was found on him.

    Mubarak reportedly named another suspect Reliwan, aged 20,as his accomplice and they took police detectives to Similoluwa area of Agbaluku Arigidi Akoko, the crime scene where they demonstrated how they scaled the fence.

    It was learnt that Mubarak is a son of a casual house keeper and cleaner to the victim.

    Witnesses said he used to accompany his mother to the house to work.

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    His mother Oluwasuen was said to have been arrested.

    A police source said: “The two suspects disclosed that they scaled the fence and not through the main gate in the afternoon.

    “Having gained entry, they went straight that afternoon to the deceased room where she lying on her bed after taking her birth. They confessed that they use wooden box to shatter her head while the second suspect strangulated her.

    “The mother of one of the suspects is a casual house keeper and cleaner for the late Mrs Adamolekun. At times, she would come to work with the suspect.”

    It was learnt that the case has been transferred to police headquarters in Akure.

  • Clinic day: Shaking hands and voice, floaters in the eyes

    Clinic day: Shaking hands and voice, floaters in the eyes

    A Country’s health athmosphere is hardly separable from its economy. I was priviledged to be a visitor to THE BERLIN WALL after a portion of it was broken down to allow east Berliners free access to West Berlin when the two Germanies ended their post second world war COLD WAR and reunited. East Berliners were forlon, like humans exhumed from antiquity and could not tell what the future held for them. Their roads were broken and cratered, their houses coated in faded paints. Even Lagosians owned better cars than these Germans. Just across the road in West Berlin were some of the smoothest roads on earth. Mercedes Benz new models were everywhere. Everyone was chattering and smiling. I saw some of the biggest houses I had ever seen with all sorts of architectural wonder. In one I would ever remember, CHARLES ATLAS bore huge weights on the shoulders, to typefy how an elemental being reportedly holds the earth in one hand, rolling it on its axis and carrying it around the sun in 365 or 366 days, one of the buttons of his coat bigger than the earth itself. West Germany was free , prosperous and burstling with life.
    At no time since I grew up to be able to take care of myself have I seen so many people wear forlon looks in Nigeria, talking about the economy and complaining about their health. The truth is that many people have sapped themselves of positive energy, embalmed themselves with negative energy and their experiencing all sorts of health disorders. The enquiries of readers of this column are the primary sources of single health conversations every week. Once in a while, we break the mode to discuss multiple cases. The replies to enquiries in such cases are not as detailed as in single-subject discussions but, nevertheless, provide the stepping stone to larger conversations . We call the small engagements…CLINIC DAY. Welcome, please, to some of them.

    QUESTION 1

    Shaking hands, shaking voice
    My hands and voice are shaking. What is wrong with me and how can I solve these problems? I am 63

    Answer:

    The problem may be simple, or a complex one in infancy. If it is
    simple, it may be a problem such as nerve agitation from ex
    haustion or nutritional deficiencies of, say, magnesium, vitamin B complex, especially vitamin B1 (thiamine). If it is a brewing volcano, it may be Parkinson’s disease in which heavy metals, environmental pollutants and toxins, pesticides, herbicides, free radicals and insufficient nerve nutrition and nerve antioxidants may be causing damage to special cells in the brain. These cells stabilise and control movement of nerves and muscles. Parkinson’s, make semi-voluntary muscle movements uncontrollable. This may involve inability to keep the jaws together, so that the mouth is not ajar, incapacity to prevent saliva from drooling out of the mouth, being unable to freely swing the arms while walking and the inability to control the tongue to produce audible and clear speech. If the tremours are more in the hands, this may be peripheral nerve damage caused by blood sugar challenges.
    Years ago, my hands shook whenever I held a book. Lab technicians could not take my blood sample from any vein to check my fasting blood sugar. The syringe needle could not stabilise on the vein. The veins were trembling. Too much calcium may have been contracting their soft muscles, causing tremours and spasms. My thumb would have to be pricked. The technicians pulled whatever blood they wanted by pricking my thumbs in several places and pressing out the blood. One day, I decided to give the monthly lab check a break and look after myself. I took sublingual Magnesium, the tissue salt called mag phos (Magnesium phosphate), vitamin B complex and Lecithin. The laboratory had been suggesting I take certain tests to rule out certain diseases. When I resurfaced for another blood sugar test and my veins cooperated to their amazement, all they could ask was: ” WHAT HAPPENED”.
    From this experience, I make the following suggestions for minor nerve and muscle agitations.
    Detoxification
    Maria Treben bitters was my prime detoxicant. I also took detoxifying herbs such as aloe vera gel from FLP, corriander vegetable (efo ebolo), asparagus, nettle, chanka piedra etc. They help to eliminate micro organisms from the intestine, the waste products of which may poison the nerves and cells when in large concentration in the blood. Milk Thistle is also good to help the liver to cope with Detoxification. There is a proprietary curry powder blend I discovered later which should do the job as well. It is a powder blend of Corriander (Efo ebolo in Yoruba or Cillantro in english), Turmeric, Fenugreek, Nutmeg, Fennel, Cumin, seed cloves, Garlic and Ginger. When Detoxification has reduced the acid levels in the body, it is good to follow it up with alkalization. The body is relatively healthy when it is slightly alkaline at 7.34 P.h on a 0 to 14 acid /alkaline scale in which values below 7 are acidic and those above 7 are alkaline. The brains of many people are acidic and inflammed, causing all sorts of problems from cognition deficiencies, nerve pain, nerve incoordination, nerve sluggishness to mood swings and depression. One of the best alkalising agents is WHEAT GRASS.
    Blood Glucose metabolism
    Too much blood sugar caused by either excessive dietary intake, insulin resistance or insufficient insulin may poison or damage the nerves, cause kidney damage, attention deficit and hyperactivity disorder (ADHD) etc. Blood sugar may be controlled with orange peel, chanka piedra, bitter leaf, Maria bitters, pawpaw leaf, or proprietary products such as Blood Sugar Metabolism, Blood Sugar Balance, Alpha Lipoic Acid (ALA) etc.
    B-50
    The nervous system is sustained by the B vitamins or Vitamin B complex. The most important among them for nerve health, although they work as a team, is vitamin B1 or thiamine. These are a group of water soluble vitamins. This means the body cannot store them and they must be consumed in the diet everyday. Unfortunately, many people do not consume enough B vitamins in their diet. Overtime, their nerves begin to wither and their bodies show signs of diseases associated with B vitamin deficiencies. One of such symptoms for people who consume too much white flour foods, including white bread and pasta, and white rice, all of which are thiamine deficient, is BERI BERI. The nerves are so weak that they cannot easily transmit energy to the muscles and the muscles, too, become weak and wither. Beri beri is a Japanese word which means I CAN’T, I CAN’T. When doctors visited inmates of a prison where prisoners suffered from this disease and asked them to lift their arms and legs , the outcry always was…BERI BERI, BERI BERI. The cause was unknown to be dietary in nature until chickens outside the prison yard fed with leftover prisoner’s food began to suffer the same symptoms. Today, beri beri and other nerve weakness problems are treated with mega dosages of B-vitamins in combination therapies of thiamine and the entire B -Complex vitamins.

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    Neuro Booster
    This is another proprietary nerve formula in powder form which may be added to water, drinks or to food.
    Lion’s mane mushroom: When the nerves are damaged, this is one proprietary product that can be relied upon like gotu kola to revive them. It was discovered during the second World War by a young Italian female doctor who experimented with all sorts of substances that may reverse damage to nerves and revive damaged nerves.
    Brain antioxidants
    The nervous system originates from neurons in the brain. Many people do not eat for their brains. They hardly even remember that they have a brain until they begin to experience certain symptoms which their doctors may say are mental health challenges. The brain is a fatty organ which means it can be easily damaged or oxidised in the absence of adequate protection. If you leave raw fatty meat in a bowl and raw lean meat in another bowl on a table for 3 days, the raw fatty meat will decay faster than the raw lean meat. In the brain, many substances offer protection against decay. Since nerves originate from neurons in the brain, they, too, are protected by these substances which include, but are not limited to…

    • Omega-3 fatty acid
    • Lecithin
    • Magnesium
    • Vitamin E
    • Vitamin C
    • Thiamine, (vitamin B1)
    • selenium
    • zinc
    • Manganese
    • Co enzyme Q 10
      Zinc, selenium and manganese are important for the production by the body of 3 basic antioxidants which it uses to protect all body tissues, including the brain, against free radicals. These basic antioxidants are
    • Glutathione
    • Catalyse
    • Super oxide dismutase (SOD).
      Glutathione, Chief among them, is produced from A) glutamic acid B) glycine and C) Cysteine, all of which are amino acids. As many people deprive their diets of the 20 amino acids found in human bodies, they do not have a full compliment of them to make these important antioxidants. I suggest that spirulina which has the full compliment or aloe lite or a mixture of both be included in the diet. Gotu kola, which plays a significant role in the balancing of the brains, should be included in a brain formula.
      Inflammation/poor blood circulation/diabetes of the brain
      From all sorts of reasons, the brains of many people shrink, are inflamed or do not get enough blood supply due to blockages in blood vessels or weak hearts. There is a new idea in mental health called diabetes of the brain. This means the brain cannot take up enough blood glucose from the blood circulation because of certain factors. Yet, blood glucose is the food of the brain. Deprivation makes the brain hungry, weak and its cells will begin to wither or to die. This process has been linked to diseased symptoms of
    • dementia
    • memory loss
    • Alzheimer’s
    • Parkinson’s disease and even glaucoma.
      Inflammation can be addressed with anti inflammatory foods, herbs and proprietary products. Some of such proprietary products are curcumin 2000X and curcurite etc. Curcumin, the yellow substance in turmeric, is one of the most anti inflammatory substances on earth. In these curcumin proprietary blends, curcumin is formaulated with either Cayenne or black pepper to make them 2000 times more active than normal curcumin. I suspect this is so because Cayenne pepper and black pepper not only help to stimulate the heart, to clear blockages in blood vessels, they also help to promote micro circulation in the tissues. As for poor blood circulatoon, Cayenne, black pepper, ginko biloba, grape seed extract, gotu kola are good for moving blood into the brain and within the brain. Regarding “Diabetes of the brain”, where glucose is not readily available for providing energy, a substance rich in Medium Chain Triglyceride (MCT) is substitutable. The one easiest to find is coconut oil.

    QUESTION 2
    Floaters in the eyes:
    Are there herbs or other natural means of clearing floaters in the eyes? They make it difficult for me to see well or to read easily.
    Answer:

    Although there are are back and forth arguments
    among researchers and doctors, some challenged per
    sons do report improvements or reversals from time to time. If a case appears intransigent, it is probable, as in all cases of ill health, that the Laws of Nature are being infringed when Nature is looked upon for a cure.
    Floaters in the eyes have many causes, for which reason it is important to have an opthalmologist (eye doctor) check the eyes for what is going on. Some floaters are age related, others are caused by either infection, inflammation, bleeding, diabetes, poor nutrition, poor blood circulation and shrinkage of the vitreous humor. The eye has two Chambers, one in the front, the other at the back. The front chamber, called the aqueous humour, maintains balance of pressure in the eye. The back chamber, the vitreous humour, forms about 80 percent of the eye ball, and contains nutrients for the eye. Both Chambers are made of 98 to 99 percent water. In the vitreous humor are such substances as hyaluronic acid (HA) for hydration, glutathione, an antioxidant, zinc, also an antioxidant, mineral salts, proteins, collagen (a special protein for tissue structure), sugar etc. In aging or diseased conditions, the vitreous chamber may shrink and its collagen content may spill, float around, present themselves before the retina and block clear vision as experienced by persons challenged with floaters.
    Excessive brain work imposes a huge strain on the metabolism, that is living processes of the eye. Floaters are metabolic debris not disintegrated or dissolved, absorbed or cleared away from the vitreous chamber. Their existence suggests that the eyes are weak, de energised, and are not receiving enough blood, oxygen and other nutrients while the poor blood flow within it is not moving away metabolic wastes as at when necessary. Secondly, according to medical beliefs in the Eastern world, weakness in the liver, intestines and kidneys impact the eyes because they all lie in the pathway of the same etheric energy meridians. If malfunctioning organs, like broken down vehicles in traffic, block the flow of this energy, the other organs the meridians are to supply with energy will be weakened and may wither and malfunction, the same way as traffic jams affect human geography and well being. This thought is based on the conception that we are not our bodies. Our bodies have no lives of their own. We their owners give them energy, like electricity mains give energy to the deep freezer or the television set. Owners of these earth bodies have seven sockets known as The SevenE Chakras, in eastern medical philosophy and practice. The eye belongs to the SIXTH CHAKRA and is governed by the colour indigo. Drinking water may be solarised using indigo paper filters on glass bottles stood in the sun to attract indigo ethers of sunlight into the water. Regrettably, the paper sun filters are not sold in Nigeria. The first line therapy is to avoid dust falling on the eyes, the eyes absorbing smoke and environmental pollutants, and for the person challenged to learn to work during day hours alone, thus avoiding electric lighting for reading or other mental work which may seriously involve the eyes. There is a reason day and night hours were created. Almost all of us are guilty of this. I, too, am guilty as charged! As the eyes are easily affected and damaged by the BLUE Rays in the spectrum of sunlight, it is advisable when outdoor, to wear QUANTUM energy eye-glasses which block them from reaching the eye. I notice that when I wear one indoor, if some eye drops make the eyes to water, the sensations soon disappear.
    Next, we must avoid denatured food and eat for the eyes, liver, intestine, kidneys and the heart, above all, for healthy blood and circulation. ( For more information, please refer to my articles on floaters in www.olufemikusa.com.)
    Floaters are believed to be a condition in which debris of metabolic waste are not dissolved or absorbed, but float about before the retina, sometimes bonding and getting bigger. Antioxidants for the eyes help to get rid of them. These are many. Some people prefer them in single proprietary products. In this presentation, the dosages are often low. So, some persons prefer a few antioxidants in mega dosages. The first line of these antioxidants are vitamin A, vitamin c, vitamin E and selenium.
    Among the beneficial proprietary blends are:

    • Bilberry
    • grape seed extract
    • lecithin-
    • lysine-
    • zinc-
    • vitamin A
    • vision saver
      Vitamin A is a major eye nutrient. That is why it is now given to babies by mouth almost immediately after they are born and periodically up to an age. Vitamin A needs the presence of zinc to function properly in the eye.
      Bilberry is well known for protecting the retina and the optic nerve, but it also protects other sections of the eye.
      Grape seed extract promotes circulation in the eye and prevents damage to the protein structures through glycation.
      Lecithin is an emulsifier, especially of fats. An emulsifier is a substance which dissolves other substances needed to be dissolved.
      Lysine is an amino acid which prevents glycation and other damage to the collagen structures of the body and in the eye.
      Zinc is an immune booster, healing and repair agent and a factor in the ability of the eye to use vitamin A for its protection.
      Vision saver is a proprietary blend which contains some vision nutrients, especially vitamin B3 (nicotinamide) which is now suggested to be important in glaucoma therapy, maybe because it helps to drive circulation to the eye and away from it.
  • CNG Initiative: Transforming lives through cleaner, cheaper transportation

    CNG Initiative: Transforming lives through cleaner, cheaper transportation

     The removal of the PMS subsidy and subsequent deregulation of Nigeria’s petroleum market have introduced formidable challenges, with soaring PMS prices straining the common man’s finances. In response, President Bola Tinubu initiated the Presidential Compressed Natural Gas Initiative (PCNGi) to address the adverse effects of policy changes, providing a sustainable, affordable, and eco-friendly energy alternative through natural gas. This groundbreaking initiative aims to promote Compressed Natural Gas (CNG) and electric vehicles (EVs) as viable substitutes for traditional fossil fuels, addressing the significant challenge of convincing Nigerians, predominantly reliant on premium Motor Spirit, to embrace the CNG alternative. Under the leadership of Mr. Zach Adedeji, the PCNGi swiftly launched numerous CNG conversion centers across Nigeria, marking a rapid initiation of the transition to natural gas-powered mobility. The establishment of these centers signifies a monumental game-changer in a nation heavily dependent on fuel consumption and grappling with soaring energy costs. CHINYERE OKOROAFOR reports that this initiative holds exceptional promise, offering extensive benefits to all Nigerians

    The elimination of the PMS subsidy and the subsequent deregulation of Nigeria’s petroleum products market have presented considerable challenges. The surge in the price of PMS has imposed substantial financial strain on the average citizen. In response to the escalating fuel costs in recent months, Nigerians have actively explored alternative options. Addressing this pressing issue, President Bola Tinubu took a proactive step by launching the Presidential Compressed Natural Gas Initiative (PCNGi). This initiative is designed to effectively counteract the adverse consequences of policy changes, providing a more sustainable, affordable, and environmentally friendly energy alternative through Natural Gas for the transportation sector and the entire Nigerian populace.

    The primary objective of this groundbreaking initiative is to alleviate the burden on the masses. It centers on promoting the adoption of Compressed Natural Gas (CNG) and electric vehicles (EVs) as viable substitutes for traditional fossil fuels. However, a significant challenge looms – convincing Nigerians, whose vehicles predominantly run on premium Motor Spirit, to embrace the CNG alternative. This challenge necessitates innovative solutions to facilitate the widespread adoption of CNG in a nation heavily reliant on conventional fuel sources.

    Fueled by the vision of the President and propelled by the urgency to address a pressing issue afflicting the masses during challenging times, the PCNGi, under the adept leadership of Mr. Zach Adedeji, Acting Chairman of the Federal Internal Revenue Service (FIRS), has demonstrated agility and purpose. In recent weeks, the initiative has successfully launched numerous CNG conversion centers across the nation, including key locations like Lagos, Abuja, Ogun, and Kaduna States, marking a rapid and impactful initiation of the transition to natural gas-powered mobility. The establishment and operationalization of these centers signify a monumental game-changer. In a country heavily dependent on fuel consumption and grappling with the repercussions of soaring energy costs without the cushion of subsidies, a practical and efficient alternative is imperative. This development holds exceptional promise as it unfolds, offering extensive benefits to all Nigerians. The centrality of transportation in the daily lives and livelihoods of the populace underscores the transformative potential of this initiative, promising a positive ripple effect across various facets of society.

     The transition to natural gas energy embarked on a significant trajectory with the formal presentation of two CNG-powered buses to the State House in Abuja on October 27, 2023, by the PCNGi. This marked the initiation of a transformative revolution, symbolizing the nation’s preparedness for positive change. In rapid succession, this milestone was followed by the inauguration of the CNG Conversion Center in Lagos on October 28, 2023, situated at FEMADEC Energy Group’s station in Abijo along the Lekki-Epe Expressway. Subsequently, the Abuja CNG conversion center, located at the National Institute of Transport Technology (NITT) in the Federal Capital Territory (FCT), was commissioned a few days later. Within a span of two weeks, several other CNG conversion centers have been inaugurated in various states, including Ogun and Kaduna. This swift and widespread deployment signifies a dynamic and proactive approach to establishing a robust infrastructure for natural gas-powered mobility, with the promise of more centers to be launched in the near future.

     The PCNGi’s rapid establishment of CNG conversion centers not only underscores their serious commitment but also demonstrates their dedication to meeting Nigerians’ aspirations for an improved quality of life and a cleaner environment, providing access to more affordable and environmentally friendly fuel for daily use. The socio-economic benefits of these conversion centers, particularly for the residents of Abuja, the FCT, become apparent upon closer examination, offering multiple reasons for optimism regarding their future commutes and livelihoods. Abuja, being historically one of the hardest-hit cities during fuel crises, whether due to scarcity or price increases, has experienced recurring challenges in recent years. The residents of the capital city have consistently borne the brunt of the hardships associated with fuel-related issues. The advent of CNG conversion centers in the city is a transformative reality, bringing genuine relief to the residents and addressing the longstanding issues tied to fuel crises.

     At the inauguration of the Abuja CNG conversion center on November 2, the Program Director of the PCNGi, Engr. Michael Oluwagbemi, stated that the transformation of PMS vehicles into Compressed Natural Gas (CNG) bi-fuel vehicles at this facility signifies a significant transition in their approach to future planning. “It goes beyond simply changing the type of fuel, it reflects a shift in mindset, a deliberate decision to adopt cleaner and more cost-effective energy alternatives.” On the safety concern of most Nigerians regarding natural gas, Engr. Oluwagbemi further noted that “Abuja residents should be aware that driving a car that has been converted to run on CNG can be considered safe, provided that the conversion is executed correctly and in strict adherence to all relevant safety protocols.

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     “Converting a petrol-powered vehicle to operate on CNG involves installing a CNG conversion kit. This kit includes essential components like a CNG storage cylinder and a pressure regulator. This is the reason the government is diligent in creating certified conversion centres and employing the services of certified CNG installers. This ensures that your vehicle undergoes a thorough inspection and certification process after the conversion.”

     With the above considerations, it is reassuring that the proposed energy transition is not only cheaper, but also safer, and will truly work out in their overall best interest of citizens. Other advantages of a widespread adoption of this transformative shift in mindset and lifestyle include the following, among others. That CNG is a more cost-effective alternative to traditional fuels like PMS cannot be overemphasized. The Presidential CNG Initiative (PCNGI) stated that the cost of an equivalent litre of CNG to PMS is between N320 and N350. Comparing this to regular gasoline which now retails for an average between N550 – N600 per litre shows that CNG is better for Nigerians than PMS in this austere period.

     The savings achieved by converting vehicles to CNG can significantly reduce the overall cost of commuting for Abuja residents, offering relief from the burden of high fuel prices and the inflation that is galloping out of control. Another related advantage is that the adoption of CNG in public transportation, such as buses and taxis, will lead to more affordable fares, and by extension reduced cost of production or overheads for individuals and businesses in the capital city. This will not only make public transport more accessible but also reduce traffic congestion and the environmental impact of private vehicle usage.

     During the handing over ceremony of the CNG buses at the State House in Abuja on October 27, Zacch Adedeji, the chairman of the steering committee for the PCNGi, stated that while the federal government is looking to roll out more conversion centres across the country in the next 6 months, citizens can expect partnerships with the private sector, cooperatives, state, and union-operated mass transit operators with the aim of rolling out over 11,500 CNG-fueled vehicles during the same timeframe. By virtue of this CNG transition, a CNG economy is sure to emerge in the coming months, opening up various value chain opportunities for the private sector to appropriate. Thus, as the CNG industry gains momentum, businesses in the capital city can explore such opportunities for investment and partnership, driving economic growth and diversification in the process.

     One of such partnerships could be in Research and Development. The conversion center can serve as a hub for research and development, fostering collaboration with local universities and institutions. This, in turn, can lead to innovations in CNG technology and infrastructure. The potential is limitless and exciting. A direct consequence of this CNG economy is job creation as the establishment of the conversion center in Abuja is already generating numerous employment opportunities across the emerging value chain. This development is not only benefiting residents of the capital city, it’s also drawing workers from other states as they fill the direct and indirect opportunities springing up for enginners, technicians, kit producers, maintenance workers etc. The impact on reducing unemployment and increasing the GDP of the FCT cannot be ignored.

    Another most important and timeous advantage of the CNG transition is the environment benefit to the city. CNG is a cleaner-burning fuel compared to traditional gasoline or diesel. By converting vehicles to CNG, the emission of harmful pollutants into the atmosphere in Abuja will be significantly reduced, resulting in reduced air pollution, improved air quality, and overall public health.

     The PCNGi’s focus on CNG and EVs therefore aligns with global efforts to reduce carbon emissions and combat climate change. The Abuja conversion center will play a pivotal role in addressing these challenges and advancing the positioning of the city as environment friendly, actively contributing to a greener, healthier environment for present and future generations. A most critical benefit of this milestone is the enhancement of Energy Security for the FCT and by extension, the country. The PCNGi, with the active take-off of CNG conversion, is on course to insulating the country from the volatility of global oil markets and ensure a stable and affordable energy supply for Abuja residents. Thereby, minimizing the hardship that is usually occasioned by international price fluctuations and supply disruptions. At a time Abuja residents are grappling with the challenges of rising fuel prices, traffic congestion, rising cost of living, and environmental degradation, the most important benefit the CNG transition and the establishment of the CNG Conversion center in Abuja will bring is in actively and effectively alleviating the cost of living for all residents,

     The CNG Conversion center offers a cost-effective and eco-friendly lifeline by providing reduced fuel costs, improved public transportation, and a cleaner environment as CNG gains prominence. In addition, the center’s operations will contribute to economic growth, job creation, and technological advancements that will benefit the entire region. The Abuja CNG conversion center is therefore not just a symbol of renewed hope, it is an investment in the well-being of Abuja residents and a testament to the government’s commitment to providing succor in the face of adversity.