Author: The Nation

  • Foursquare GO seeks citizen engagement for nation-building

    Foursquare GO seeks citizen engagement for nation-building

    The General Overseer of Foursquare Gospel Church, Reverend Sam Aboyeji has called for a deliberate citizen involvement and partnership in nation-building as it remains a key factor for sustainable development in Nigeria.

    Aboyeji said this at the Foursquare Gospel Church’s 10th annual public lecture held recently at the church headquarters in Lagos.

    Tagged: ‘Paradigm shift: Panacea for a new Nigeria,’ brought together industry players, top government functionaries, corporate organizations, clerics, and Christian faithful.

    He said that the progress of a nation greatly depends on its people who are involved, engaged, and participate in nation-building as this “will help public institutions to be more transparent, accountable, and effective.”

    He added that the process of nation-building and establishing the counsel of God for the nation is a task that should not be left only for a few but one in which all Nigerians must be involved.

    “We seek a nation that is strong, virile, prosperous, and righteous. One in which the virtues of patriotism, industry, probity, integrity, accountability, and transparency are promoted across all the segments of the population,” he stressed.

  • Controversies rage over succession plans in churches

    Controversies rage over succession plans in churches

    Is the church a family empire? That is the question many in the Christian circles are currently asking.

    When Pastor Jimi Odukoya, the first son of the late Senior Pastor of the Fountain of Life Church, Taiwo Odukoya was unanimously appointed by the leadership of the church to succeed his father, there were diverse reactions to the development.

    Many were shocked about the appointment because of the antecedents of Jimi. Except for those who were close to the church, many people outside the church saw Jimi from the prism of an actor who had nothing to do with the celestial world.

    Unknown to many, Jimi had been prepared for the new role and it was not difficult for him to adapt to the leadership role of the church.

    It has become a trend in the Christian cycle for either the wife or the first son to succeed the founder of the church. But the question in many quarters is, “Must it be the son, or family members of the founder?”

    Our correspondent gathered that just the way the late Taiwo Odukoya prepared his son for a leadership role, it brings so much joy and excitement for church leaders to see their children or spouses pick an interest in the ministry and grow to follow in their footsteps.

    They are quick to quote the bible verse which states that “A good man leaves an inheritance for his children and his children’s children.”

    While this may be apt in scripture, the question again is whether the minister’s children or spouse are called, prepared, capable, ready or positioned by God to take over the leadership of the flock of God that the founder left or is leaving behind. This has become a subject of concern or debate in many quarters. Some of the founders of churches are often concerned about strangers taking over their ministries, properties, and investments, after passing on. 

    Barely a month ago, The President and Founder of Living Faith Church, Bishop David Oyedepo appointed his second biological son, Isaac as the National Youth Pastor, of Youth Alive Fellowship (YAF) which is the youth arm of the church. It generated a lot of reactions about the succession plan of the church. Just a few days ago, it was reported that the son resigned from the church to start his own ministry amidst strong disagreements about staff welfare in the church by an inside source.

    The appointment of Jimmy Olukoya equally raised a lot of dust largely due to his past lifestyle- body piercing, wearing dreadlocks, and earrings, among others.

    The question of whether the church is a family empire has for decades been a subject of concern across Pentecostal churches in parts of the world. In the United States, most of the mega-churches are currently being superintended by the children of their founders. The likes of Billy Graham, John Osteen, and the latest which is becoming a reality is the daughter of Bishop TD Jakes.

     In Nigeria, the issue and controversies around succession are usually prominent in most Pentecostal churches and churches that make up the Organisation of African Instituted Churches, (OAIC) popularly known as ‘Aladura’ and the likes who see the church as a family heritage. Most Orthodox churches and churches with their headquarters abroad have tried to fashion out the simplest ways of succession planning.

    Bishop Oyedepo while speaking during one of the Church’s programmes had spoken largely on his position about succession planning for churches which was monitored online  by The Nation.

    According to Oyedepo, many charismatic churches have died because their founders made those churches a family business.

    He said the Living Faith Church has a succession plan which is in the booklet called Mandate and available for everybody to read.

    “In this church the moment you are 70 as the leader of the Church, you step aside and select three people to be presented to the church council. The church council will pick from the three. But if they are not qualified, the leader will be given another opportunity to present three people and afterwards step aside for the council to take over while they sort out the leadership issue,” he said.

    He further stressed that making the Church a family business is a disservice to the kingdom of God while also warning that servants of God should refrain from calling their children to Ministry.

    “When your church becomes a personal property, it is dead on arrival. Don’t call your children to ministry. If you do not want to frustrate their destiny, let them be positioned where they belong,” he warned.

    While Oyedepo is averse to turning a ministry into a family business, many have argued that in reality, it could be a bit difficult to implement.

    Many have argued that irrespective of Oyedepo’s resolve towards succession in the ministry, there is the likelihood that his son might take over the leadership of the church in the near future.

    The President and Chief Executive Officer (CEO) of Christ for All Nations (CfaN), Evangelist Reinhard Bonnke seamlessly officially handed over his mantle to his successor, Evangelist Daniel Kolenda as in the case of Prophet Elijah and his servant Elisha should be a lesson for every church leader.

    In an interview with The Nation, some pastors shared their position as regards succession in the church.

     We must allow the Holy Spirit to guide us in the choice of who takes over the church- Ighele

    The Chairman, of the Financial Accountability Commission of the Pentecostal Fellowship of Nigeria and General Superintendent of Holy Spirit Mission (Happy Family Church),  Bishop Charles Ighele while enumerating three types of churches, stated some churches were established by God; some by the devil, using some people who have the Bible in one hand and demonic powers in the other, quoting  2nd Corinthians 11:12-15. According to him, “They use demonic powers to perform miracles.”

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    The third is churches set up by men due to greed or personal ambition.”I can confidently tell you that churches established by the devil or personal ambition can easily be run as a family empire. It is pure personal business and not God’s business.”

    Explaining how the mantle of leadership fell on him, Ighele said the Holy Spirit Mission (Happy Family Church) started in 1974 with Bishop Michael Marioghae as the first General Superintendent. “After I graduated from the University of Ife, Nigeria in 1980, I found myself being pastored some years later by Bishop Michael Marioghae. I was looking for a church leader with transparent honesty. I was looking for a man who would not exaggerate, a man whose ability to tell a black-or-white lie was no longer in existence. I was looking for a church leader who would quote a quotable quote and not steal the honour as if the quotable quote originated from him. I found these in Bishop Michael Marioghae.

    “I later got married to his second child who was then a banker. After I served in the headquarters church then based in Benin City, Nigeria, I started a branch of the church in Government Reserved Area (GRA) Benin City. The branch grew and became larger than the headquarters church which was already large in size and population.

    “The most important factor was that in December 1996, he addressed about 19 of us, his pastors, on a Sunday evening. He then informed us that God had told him that He would soon call him to his Heavenly home and that his stay on planet Earth would soon be over. Bishop Michael Marioghae went on to say that God told him to put things in order and hand over the leadership of the church to me. He was about Seventy-one years old as of then. At a well-publicized service, he formally handed over to me on January 19, 1997. He never stepped into the office till he died a few years later.

    “It will also interest you to know that Bishop Michael Marioghae’s first daughter and first son were also pastors. But he did not hand it over to any of them because he believed that the leadership of any church of God should be left for God to decide.”

    Ighele disclosed that the key issue is whether the outgoing or former leader was led by God to pick the successor he/she picked. “As for me, I will put other personal interests aside and allow myself to be led by the Spirit of God in picking a successor. I want what I laboured for until the last day.”

    My son can succeed me if God says yes-Ojo

    Reacting, the General Overseer and Founder of Calvary Kingdom Church (CKC) International, Archbishop Joseph Ojo who spoke to The Nation at the 21th Annual Convention of the church, said that most of the people are not actually involved in church management or church administration. “You manage from the inside, you don’t manage the company from the outside except maybe you are a board member and you come once in a while. If you did not interview me to get to speak on this, someone out there might say ‘his son has succeeded him’. I had someone who was the National Overseer who left about 10 years ago, that should be in 2013.”

    He disclosed that his son, Best, is in full-time ministry. He served as the youth president, music director, head of media and other departments. “He grew up in the music ministry, he was nine years ago when he started playing the drums and Papa Idahosa gave him a scholarship because of his gift.’

    On whether he sees his son succeeding him, Ojo says “If God says yes, why not? Like I said before, he has served in different capacities. We do not give responsibility to people because of their age; we give responsibility to people because of their commitment. When you see someone committed irrespective of age, and you know he has the wherewithal to perform you appoint such person not minding the age.

    God call men into ministry, you cannot call your successor -Kasali

    The Senior Pastor, Foundation of Truth Assembly, Surulere, Lagos-Rev. Yomi Kasali said  The subject of succession in running churches and faith-based ministries has always generated some friction in the past because there was no clear model mentioned in the scriptures. Churches are both organisations (corporate entities) and organisms (life-giving entities).  Catholics have gotten the model right. God calls men into ministry, you cannot call a man to succeed you. Find someone that God has called to succeed you.

    “We see this model worked in The Redeemed Christian Church of God when Pastor Enoch Adeboye was appointed as the successor to Pa Josiah Akindayomi as God led him. Children can work in the administration department and may not be on the pulpit. Though I’m not against children of founders of churches taking over we need to get it right. God appointed successors and not man,” he said.

  • Prayers, only solution to Nigeria’s problem – Prophet Idowu

    Prayers, only solution to Nigeria’s problem – Prophet Idowu

    Prophet Peter Oyewole Idowu, Pastor-in-charge of Christ Apostolic Church (CAC) Oke Agbara, in Ishasi area of Ogun State, has said that it is the only prayer that can solve the problem of Nigeria and not human beings.

    He stated this while speaking shortly after a thanksgiving service organised by the church to appreciate God for his divine healing and 65-year birthday anniversary.

    Idowu advised Nigerians to be closer to God and be more prayerful that most Nigerian leaders, past and present, have the minds of doing well but that there seems to be a power in the country that is misdirecting them when they get to power.

    “The reason is that all the leaders that are there have the mind of doing good things, but there is a power in the country whereby once they get there, all the things they have in mind to do they will not be able to do. We have been praying for Nigeria in my church for a very long time. I will enjoin other leaders in the faith to join in this fight against darkness in the country.”

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    He said that God would use this new administration headed by President Bola Tinubu if Christians in Nigeria would not keep quiet.

    “God will use this new administration if we Christians do not keep quiet. We cannot blame anybody; just that it is the darkness in the country that is working.”

    While quoting from the scripture, Isaiah 40: 28-31, he advised Christians and church leaders to be strong in the Lord, stressing that it is certain that God will prevail and the nation will be good again.

     “I will advise the church and the church leaders to be strong in the lord. We will prevail and the nation will be good for it. Very soon everything will come back to normal and there will be a new song.”

    The District Superintendent, Christ Apostolic Church (CAC), Aboru District, Prophet Isaiah Oyeleye, who gave the sermon charged members of the church to support the ministry and take care of their Pastor.

  • Experts task FG on tech as Catholic Brothers hold lecture

    Experts task FG on tech as Catholic Brothers hold lecture

    The need for the government to embrace technology and remove bottlenecks that stifle the advancement of small-scale businesses was the focus of discussion at the 20th yearly Lecture/29th anniversary of the Catholic Brothers United (CBU), held recently at St. Agnes Parish, Maryland, in Lagos.

    The event tagged: ‘Entrepreneurship Drive: A Tool for Mitigating Unemployment for National Growth,’ had industry experts, government officials, entrepreneurs, and clerics, among others.

    Speaking at the event, the former Managing Director/Chief Executive Officer of EcoBank Nigeria, Patrick Akinwuntan said that with Nigeria housing over 40 million registered businesses, and its Small Medium Enterprises (SMEs) , it has the capacity to eradicate unemployment and poverty in Nigeria when leveraged and fully supported.

    He wondered why the sector has not fully grown to harness its potential and enable it to play its rightful role.

    “The Nigeria I grew up in demonstrated enviable entrepreneurial DNA and potential to rule the world. The nature of pre-1990 entrepreneurs was that their business created an eco-system of other smaller and medium-sized businesses that generated employment, developed skills, connected people of different tribes, and engendered real economic growth.”

  • How an almanac triggered play on Fajuyi

    How an almanac triggered play on Fajuyi

    In this chat with Edozie Udeze, Professor Ojo Rasaki Bakare of the Federal University, Oye-Ekiti, Ekiti State and a member of the State Executive Council in the state, explains why he wrote a play on Fajuyi. The play is not only trending now, Bakare has brought his deep background as a playwright/director to bear on the sentiments that define an epic of this proportion and more.

    In the 1960s there were a few Nigerian soldiers and officers who were poignant about nation-building. As the Nigerian nation steadily regained steam towards nationhood, the military was important at that moment in time. While the first coup happened in 1966, the whole nation held its breath with fear. Then soon after came the second coup otherwise known as the counter coup. In the midst of all these, were some officers who held their heads high and were as well committed to nation-hood.

    The late Colonel Francis Adekunle Fajuyi, an Ekiti born soldier and an officer of the Nigerian army who rapidly rose to become the first military governor of western Nigeria, appointed to that position by the late Head of State Major General Johnson Thomas Umunnakwe Aguiyi Ironsi was a man of integrity. He held unto the principles of unity, dedication and trust within the few months he was the governor. His role as a courageous soldier who loved to protect his friend and boss in moments of crisis further showed how resilient he was as a formidable character. But the play written on him by Professor Ojo Rasaki Bakare goes beyond these areas of military razzmatazz.

    Rasaki took the story from the grassroots, from the moment Fajuyi was born through his career and death. He goes into his family; examining his life, his early education and the circumstances that encouraged him to become a soldier. Watching the rehearsals on the stage was a complete delight because it offered one the opportunity to witness firsthand the sequences that propelled young Fajuyi to enroll as a soldier. It showed how he took his time to imbibe reliable, quintessential and impregnable mien that spelt him out far and above others. Family background, coupled with those strict indoctrination of the military of old in the days of the colonial masters. All these combined to mold him into a peculiar character. So it can be said that Fajuyi went into the army to serve with all his heart, strength and commitment.

    Professor Rasaki who dissected all these into a stage play also spent ample time on the subject matter. His focus was primarily to see how this young character bred locally, but educated in one of the best secondary schools in Ekiti in the days of yore, rose to be a model. This is why he is directing the play with profuse dexterity and professional gusto in order to demonstrate the complete beauty of this man called Fajuyi.

    Rasaki tells the story, how it started; what pushed him into the project and at what point the muse took hold of him. He says “This occurred to me when I returned home to Ekiti State. I am from Ekiti State myself. But I left home as far back as 1982. I returned home in 2011 when I joined the Federal University at Oye Ekiti. Before I left home as a young boy at about 17 years, the house where I was living with my parents was close to Fajuyi Park. So I knew about Fajuyi right from the time I was a child. But we had one almanac or is it calendar now, a one page calendar hanging on the wall. And Adekunle Fajuyi’s picture in uniform was there at the centre of the almanac. “And I heard the story that he was killed in 1966 when I was a two year old boy. So growing up it was in my mind that that man is dead. They killed him. Each time I was left alone in the sitting room, I will be looking at him; I will be scared that this man I am looking at in my father’s home in this almanac is dead. Let him not come here and strangle me. I would then run away from the sitting room. As a small boy I became conscious of Fajuyi. So when I returned home, I also discovered that the current youths, the young ones in Ekiti did not know about him beyond the Fajuyi Park. Beyond the Fajuyi Park that is there in Ekiti and then I met some young people to ask them if they know about the Fajuyi, they always talk about the park named after him.

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    “It then occurred to me that these people no longer study history in schools. And i said that one Nigeria will only be better if the young ones know about people like Fajuyi, that indeed good people like him once existed. The way they the young ones look at this nation that it is only full of rogues; that no good man has ever lived inside it is not good. So I researched into the history. Then I wrote this script because I am a playwright director. I filled his story with all the information about him. I was writing the story when Ekiti State hosted the National Festival of Arts in 2019.

    “And as the chairman of the committee for the hosting and also a consultant, I was going to pick a script Langbodo as the command performance for that festival. Then my close friend Wale Lanre Ojo who then was the director general of the Council for Arts and Culture, said, prof. do not use anyone else’s script. Use your own script, any of your scripts will do. So when he said so I said okay let me quickly finish this script on Fajuyi and direct it myself. And so this was how I finally did the script and today it has become a complete work.

    “This was in 2019. So after the performance I then updated it by completing the job on it. Actually the intention is to teach the Nigerian youths, using this script for them to see that a committed man, a detribalized man, a man who loved his friend to the extent that he was ready to die for him. A man who did not bother that he was Yoruba or that his friend was Igbo, he protected that man and finally died with him. That that man Fajuyi, once lived and he lived in Nigeria. So these young people should not be looking at us, at Nigeria as if love never existed here in Nigeria and across ethnic barriers.

    “The play has further helped to show that love had been here before and we will have to reinvent that love. The time for that is now. So Nigeria is not a failed state after all. No it is not and let the youths not always see it in that limelight. Nigeria is what it is today because at a point something happened, something snapped that started to create this state of hate. That is what is happening in Nigeria today and what is happening in Nigeria today is politically motivated. But we must look back and remember those days of Fajuyi and the like and recollect moments of love and togetherness and peace and unity”.

    Let us teach the young ones that history of the past and reconnect it with the present. That we have to bring back that love we enjoyed as a people. This is why the play is not just historical, it is an epic. It has all the lessons history has refused to teach in the classrooms. It is time for those who love peace, those who cherish and plant orderliness, respect for one another, regard for what is good to troop into the cinema halls of the Muson Centre, Onikan, Lagos, on November 5 being a Sunday to watch this play suffused with plenty of lessons in love, in tolerance and in unity across boundaries, across tribal barriers and so on.

    The play is not just for mere entertainment. It is for people to carry the lessons home and to impact on others what genuine national love behooves. Professor Rasaki is bent on extending these lessons to the younger ones so that they too will not continue to hinge their perceptions about Nigeria based on the bigotry of our leaders across states and locations. Nigeria has to reinvent those years of love, national love that helped Nigeria to gain independence with little or no shedding of blood unlike most nations in Africa. The play lasts two hours, 15 minutes on stage.

  • THE  ROAD  TO  ABUJA

    THE  ROAD  TO  ABUJA

    (after a painting with the same title by Obiora Udechukwu)

    The road was a pot of holes

    Sizzling under the harmattan’s relentless haze

    The roadside grass wore the dust like a brave mantle

    Its roots shoed helplessly in the caked camwood mud

    Of long-forgotten rains

    Through gullies, through valleys

    Through peevish pebbles portered in

    To grace the greed of yawning craters

    Across trenches drilled deep by

    The liquid fingers of yester torrents

    We galloped on, our patient Peugeot

    Insufferably faithful, our wake

    One red army of dreadful dust

    Houses flitted by

    Like ragged masquerades on reluctant feet

    Termite-tortured, windowless in critical places

    Their faithful dwellers waving skeletal hands 

    At the cozy convoy of passing chieftains

    So used to harvesting their smiles

    And dredging their doldrum of tears

    Villages limped past

    Their corrugated brows dripping sweat and salt

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    In the scorching sun, their schooless children

    Staring vacantly into a future mortgaged

    By Eating Chiefs, Bankruptcy Bankers

    And other Vultures of the Vault

    Whose patriotic perfidies have carrioned

    A stricken nation. Dead hospitals,

    Death-trap roads, powerless days, dark, dark nights

    Perennial hunger in a land whose womb

    Is round with unborn harvests

    Broken bridges in a land of broken pledges  

    The towns limped past

    Ikole, Ilogbo, Ayegunle, Aaye….

    Whose roads know the tyres of tycoons

    On their heedless pilgrimage

    To the City of Gold

    * Originally written in December 1985 upon my return from Abuja, venue of the annual ANA convention for that year.

    (To be continued)

  • On presidential yacht and other matters

    On presidential yacht and other matters

    • By Temitope Ajayi

    It has become a pattern for some individuals, CSOs and a section of the media to pick one or two line items every budget cycle for sensational headlines, deliberately ignoring context in their reporting.

    The public that should benefit from good journalism, which should primarily educate and adequately inform, is left confused and miseducated due to mischaracterisation of issues and misrepresentation of facts.

    The trending issues on social media since yesterday are two items in the 2023 supplementary budget. One is the provision for a presidential yacht in the supplementary budget by the Navy and the other is over N6 billion for vehicles to the State House.

    It is important to state clearly that President Bola Tinubu didn’t ask for a presidential yatch and I doubt he needs one to perform the functions of his office. From what I know, the request for a yacht, however it is named or couched in the budget is from the Navy and they must have operational reasons for why it is required.

    The budget office should be in a position to also explain to the public why such expenditure should be accommodated now, considering the economic situation of the country. I must readily admit that the one reason our budgeting system has been a subject of public attack  is the very simplistic  way some of the line items are described by civil servants, who prepare the budget. Examples abound. Sometimes in 2016, an Enterprise Resource Planning ( ERP) project of the Ministry of Solid Minerals worth over N300m then was captured in that year’s budget as “website”. Naturally, it generated a massive  controversy as people, rightly, asked to know the type of website that will be built with N300million.

    It is important to say that journalism should enrich public enlightenment and not create an atmosphere of siege. It is poor reporting to always reduce State House budgetary provisions to the President and Vice President. When the State House makes provision for vehicles, it is reported as if it is the President that will use all the vehicles or eat all the food when a provision is made for food and catering services. We have had such inaccurate reporting in the past. A President and Vice President cannot, for any reason, spend N20 million naira to eat in a year if it is about the food they will eat as first and second families.  How much food can a person really eat?  Yet, we will read headlines that Tinubu, Buhari, Jonathan or whoever the President is wants to spend N5billion on food and catering in a year when in actual fact such budgetary provisions are made to accommodate many state events, meetings, hosting of VIPs, foreign dignitaries, and even visits by other Heads of State, and bilateral and multilateral meetings  that the State House will deal with in a given year.

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    It is worth stating that in August this year President Tinubu as the Chairman of the Authority of Heads of State and Governments of ECOWAS hosted two extraordinary summits of the regional body over the political crisis in Niger Republic. The two summits required catering services for the ECOWAS leaders and their delegation. Just this past Sunday, German Chancellor Olaf Scholz was on a  State Visit to Nigeria with a delegation of top business men and women from Germany. The President hosted the visiting Chancellor and his delegation to a state banquet. State House budget for food and catering services is spent on such events. It is not spent essentially to feed the President and Vice President.

    On matters of vehicles, the N6 billion budget provision is not to buy vehicles for the President and Vice President alone. President Tinubu and Vice President Shettima are not using any new vehicles in their fleet. They are using inherited vehicles. There are hundreds of civil servants and political aides working at the State House who need operational vehicles. I am a senior aide of the President. I am using my personal car and at my own expense since I resumed work more than five months ago. Like me, virtually all the appointees of the President are using personal vehicles at their own expense for official duties. Most of the vehicles in the pool for various departments are run down. Even members of the State House Press Corps do  not have functional bus to ease their movement. I know for a fact that a request for a new bus for State House Press Corps is captured in the supplementary budget for vehicles.

    It is necessary to add that none of the political appointees has drawn any benefit and perks from public treasury. I must add that in 5 months, we have not even received a kobo as salary because of procedural issues involved in capturing new appointees on the payroll via IPPIS.

    The Presidency is a huge Bureaucracy with hundreds of staff. Any budget head for the State House is to run the system, not for epicurean fantasy of a sitting President and Vice President. In this pageview-centric and social media age,  it is easy to provoke public rage. It is also  tempting for bloggers and quack journalists to take the easy road of sensationalism to attract  traffic to their blogs and news websites. But good journalism, I believe, should be about substance and nuanced reporting.

    ●Ajayi is a Senior Special Assistant to the President on Media and Publicity

  • Alternative Bank partners LAWMA to drive waste to wealth initiative

    Alternative Bank partners LAWMA to drive waste to wealth initiative

    • Begins pilot phase in Lagos, other states to follow

    The nation’s waste recycling ecosystem has seen a revolution with the first-of-its-kind innovation by the Alternative Bank which unveiled Wastebanc, Nigeria’s first digital recycling initiative in Lagos recently.

    The initiative which is aimed at transforming the recycling landscape envisions a world where recycling drives environmental preservation and community well-being.

    Specifically, Wastebanc provides an innovative benchmark for responsible waste management and sustainability practices.

    During a live demonstration of Wastebanc’s innovative platform, it was revealed that the initiative incentivises users for their eco-friendly contributions, allowing them to earn rewards by responsibly depositing recyclables, fostering personal engagement, and benefitting from their environmental actions.

    Additionally, the app streamlines recycling by enabling convenient pick-up requests and scheduling from preferred locations.

    Speaking at the product launch with key stakeholders in the financial and waste management experts in attendance,  Mohammed Yunusa, Director of Digital Business and Innovations, The Alternative Bank emphasised that “Wastebanc isn’t just an app; it’s an ambitious initiative designed to empower individuals, businesses, and communities to profitably engage in recycling while safeguarding our planet’s future.

    “The app offers a user-friendly interface that seamlessly connects users to a network of recycling resources, incentives, and an innovative approach to waste management, making a significant and measurable impact on our environment.

    “This initiative signifies a notable collaboration as Alternative Bank partners with the Lagos Waste Management Authority (LAWMA). This partnership underscores the joint commitment to fostering a greener, more sustainable future.”

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    Echoing similar sentiments LAWMA’s Managing Director, Dr. Muyiwa Gbadegesin, expressed his excitement about the collaboration, stating, “Our partnership with the Alternative Bank and the introduction of the Wastebanc app represent a great significant step forward in our collective effort to encourage responsible waste management practices in Lagos. Together, we aim to promote environmental consciousness and incentivize communities to actively participate in recycling initiatives for a healthier Lagos.”

    In his remarks, Abubakar Suleiman, CEO, Sterling Bank Limited, noted, ‘’We are confident that this collaboration with LAWMA serves as a testament to our shared dedication in cultivating a sustainable ecosystem, propelling us towards a future where responsible waste management is a fundamental pillar of a thriving, environmentally conscious society.”

    He further added, ‘’Wastebanc is poised to extend its reach to encompass all states within Nigeria. Our ambition is to ingrain this transformative approach to recycling nationwide, fostering a more sustainable and responsible waste management culture that transcends borders and resonates throughout every community.”’

  • Expert backs Senate on local FX transactions bill

    Expert backs Senate on local FX transactions bill

    The Managing Director/CEO, GreenPower Overseas Ltd, Engr. Bamidele Faparusi has thrown his weight behind the 10th Senate on a bill seeking to prohibit the use of foreign currencies for local transactions which scaled second reading on the floor of the Red chamber last week.

    Speaking in Lagos recently, he attributed the recent decline in forex liquidity in Nigeria to government’s efforts to unify the exchange rate and address the lingering economic challenge.

    Faparusi who is also a former member of the House of Representatives noted that illicit practices such as kickbacks and bribery especially among government officials and other individuals are the primary contributors to the high demand of dollars.

    He said forex speculation by both domestic and international traders is another contributing factor, which has led to excessive fluctuations in the exchange rate market.

    The business leader encouraged the Tinubu-led government to work on building and maintaining healthy foreign exchange reserves to ensure effective intervention in the forex market when necessary to stabilise the Naira.

    Faparusi also applauded the Nigerian senate for proposing jail terms for using dollars as legal tender in the country, adding that the federal government should restrict the use of dollars to only international trade and essential foreign transactions.

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    He said implementing fiscal discipline, reducing public expenditure, and improving revenue collection are vital steps to stabilise the Naira’s value and improve economic conditions.

    The former Commissioner for Infrastructure and Utility in Ekiti state also suggested implementation of stiffer regulatory measures to prevent banks from becoming a conduit for dollar transactions within Nigeria, saying dollars received by the banks should be exchanged at the official exchange rate, thus discouraging speculative activities.

    “Nigeria has recently been grappling with a significant decline in forex liquidity, which has profound implications for the Nigerian economy affecting both individuals and businesses in the country.

    Government should launch an extensive campaign to encourage the use of the Naira in daily transactions, which includes providing incentives for businesses and individuals to transact in Naira, offering discounts, and making the Naira a more attractive option for commerce,” he stressed.

  • Sanwo-Olu, others restate commitment to credit economy

    Sanwo-Olu, others restate commitment to credit economy

    A cross-section of experts have made a case for the continuous drive towards a viable credit system, saying that this will bode well for the economy in the short, medium to long term.

    This was the submission made at the public forum in Lagos to commemorate the 30th anniversary and Business Networking Dinner Night of the National Institute of Credit Administration (NICA) Chartered, recently.

    While making a case for credit economy, Lagos State Governor, Babajide Sanwo-Olu impressed on the board of the NICA, the need to continue to promote credit management profession in the country.

    Sanwo-Olu, represented by the Commissioner of the Ministry of Youths and Development of Lagos State, Mr Mobolaji Ogunlende, while lauding the enviable heights attained by the forerunners of the Institute in terms of achievements and milestones achieved thus far, underscored the pivotal role played by credit in any system.

    The governor said that over the past few decades, this institute played a role in shaping and equipping professionals with the knowledge and skills needed to navigate the ever-changing landscape of finance.

    “We are also here to commemorate the transition of the institute to one of the professional bodies’ powers of control, supervision and regulation of credit management in Nigeria,” he said.

    The President and Chairman, Governing Council of the National Institute of Credit Administration, Mr Andy Ojei, emphasised the importance of a sound credit management system for sustainable economic growth.

    He said it would eliminate the global economic crisis caused by inadequate credit management skills.

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    “Our steadfast commitment to aiding governments in shaping policies and advocating for implementation in matters of credit management is a source and pride to us,” he said.

    NICA, he added, aimed to contribute to the ease of doing business in Nigeria by fostering international collaborations and partnerships, thereby attracting trade and investment into the country.

    Echoing similar sentiments, the Registrar/Chief Executive Officer of NICA, Prof. Chris Onalo, said, it was celebrating its satisfaction as NICA clocked three decades in existence, and its recent achievement as a national chartered professional body for credit management knowledge, education, and certification in Nigeria.

    He noted that hard work, passion, diligence, and dedication were the only mantra in the journey to success.

    “The idea was conceived, and the vision delivered not only to navigate but to orchestrate the best possible economic growth model and a systematic paradigm for Nigeria as a better economic future approach,” he said.

    The NICA founder who attempted a historical excursion back in time to the early days of the Institute remarked that it was heartening that the charter bill passed and signed into law on the 16th of August, 2022, by the Administration of former President Muhammadu Buhari.

    “This is a milestone for Nigeria, this is a milestone for credit management profession, and this is a milestone for the credit economy, credit business, consumer credit, trade credit and financial credit industries locally and internationally, As I speak to you, Nigeria’s NICA is globally rated as the third largest credit management Institute in the world after the United States of America and the United Kingdom. NICA is the largest in Africa.”

    Pressed further, Onalo hinted that NICA’s two next immediate projects is to build a world class credit management headquarters at the cost of N3.5billion to be located in Lagos even as he urged the Lagos state government to lend her support towards the noble cause.

    Besides, he also desires that credit administration becomes a course of study at degree levels in all Nigerian universities.