Author: The Nation

  • Tinubu in crucial talks over Senate President, Speaker

    Tinubu in crucial talks over Senate President, Speaker

    • President urge Wase, Betara, Gagdi, others to accept party’s choice
    • Meeting slated with APC governors, NWC, Senators/ Reps-elect today

    With strike threat by Labour as an aftermath of petrol subsidy removal over, President Bola Ahmed Tinubu has turned his attention to a smooth take-off of the 10th National Assembly.

    He is expected to issue a proclamation giving effect to the commencement of a new legislative cycle next week.

    President Tinubu will hold talks with All Progressives Congress (APC) governors and members of the National Working Committee (NWC) today on preparations for the election of presiding officers, which is the first activity after the inauguration.

    Tomorrow, the President will meet with APC National Assembly members-elect.

    Yesterday, the President took a concrete step to unite the APC National Assembly members-elect for the purpose of arriving at a joint decision on the zoning of the principal offices.

    He met with contestants for the post of Speaker who are challenging the party’s choice, Tajudeen Abbas.

    Also yesterday, governors of Osun, Oyo and Rivers joined their other 23 colleagues to drum support for the APC’s preferred candidates for Senate President, Godswill Akpabio, and Deputy Senate President, Barau Jibrin.

    Former Rivers State Governor Nyesom Wike, who said the Southsouth should produce the next Senate President, pointed out that anti-zoning campaigners in APC are laying a stumbling block for Tinubu.

    Among the House of Representatives Speaker contenders at the meeting with President Tinubu, which started around 7 pm at the State House are Yusuf Gagdi (Pankshin/Kanke/Constituency); Sada Soli (Jibia /Kaita Constituency); Miriam Onuoha (Okigwe North Constituency); and Muktar Betara (Biu/Bayo/Shani/Kwayar Kusar Constituency).

    The President earlier met separately with Deputy Speaker Idris Wase.

    The meeting was attended by the APC’s National Secretary, Senator Iyiola Omisore.

    A Senator, who is attending the meeting with the President today, said the parley became necessary to put the house in order before the inauguration.

    He said: “The President will be meeting with the APC senators-elect and House of Representatives members-elect tomorrow (today) to make a final appeal. APC governors and members of the National Working Committee (NWC) are expected at the meeting.”

    The APC governors, who have repeatedly said they would support the party’s nominees for presiding officer positions are expected to join the president in persuading those challenging party’s position.

    The intention is to arrive at a consensus to prevent election on the floor on inauguration day, it was learnt last night.

    Tinubu pleads with Betara, Wase, Gagdi to step down for Abbas

    President Tinubu pleaded with the aspirants for the Speaker to step down for Abbas. 

    He said his plea was in the interest of national cohesion and unity. 

    But the aggrieved aspirants, especially a leading aspirant, Aliyu Betara, promised to consult their supporters and get back to the President through Senator Iyiola Omisore, who led them to the meeting. 

    It was learnt that some of the aspirants may withdraw for Abbas in deference to the President. 

    Although none of the aspirants spoke with reporters, it was gathered that the President was willing to involve them. 

    A source said: “The President made a deft move to prevail on those aspiring to be the Speaker to step down for Abbas. He urged them to allow a seamless takeoff of the 10th House of Representatives. 

    “The session was a follow-up to the interaction he had with Betara on Monday. 

    “Tinubu brokered a no-winner, no vanquished situation. These aspirants will be accommodated in the power-sharing in the House. 

    “He has also granted the request of the candidates to consult with their supporters.”

    A source said the ruling party is not comfortable with how a contestant for Senate President “has monetised and bastardised the process.”

    The source said: “The aspirant has involved traditional rulers in the campaigns. His billboards are all over the place. He is engaged in all manner of propaganda. He is carrying on as if he is contesting a general election.”

    The source said the supporters of the aspirant have hired a former Senate President as a consultant in a bid to repeat the 2015 scenario.

    Predicting that the plot will fail, the source added: “The aspirant is not a ranking member, and the essence of ranking is that those who have legislative experience in the Senate should be presiding officers.”

    25 governors support Akpabio/Jibrin ticket

    No fewer than 25 governors have adopted Akpabio and Jibrin, it was learnt yesterday.

    The 25 governors are mobilising senators-elect across APC, Peoples Democratic Party (PDP) and Labour Party (LP).

    They include governors of Kwara, Nasarawa, Benue, Ogun, Oyo, Lagos, Ekiti, Osun, Kogi, Rivers, Cross River, Kaduna, Borno, Ebonyi and Ondo states.

    The governors, the majority of whom are from APC-controlled states, have maintained that they will uphold the unanimous zoning decision of the National Working Committee (NWC) of the party.

    The governors, it was learnt, added that the NWC has made profound decisions that will promote institutional stability and the peaceful conduct of legislative proceedings in the 10th Assembly.

    Wike chides anti-zoning lawmakers

    Wike accused opponents of zoning of the Senate Presidency to the Southsouth of laying a stumbling block for Tinubu in the National Assembly.

    He insisted that those who love the unity of the country and want the Tinubu-led government to succeed would work to ensure the emergence of the next Senate President from the Southsouth as already determined by the President and the APC leadership.

    A statement by Wike’s media aide, Kelvin Ebiri, said the former governor spoke in Port Harcourt.

    He said: “My position is that the (Senate) presidency should come to the Southsouth. 

    “If you agree that (Senate) presidency should go to the south, tell me the truth, where should it go? It can’t be in the Southwest. It can’t be in the Southeast. 

    “Southsouth has only produced one Senate president, far back in 1979, Joseph Wayas. Southeast has produced over seven.”

    Wike said those who earlier fought against Tinubu’s presidential ambition were still hellbent on laying a stumbling block for him at the National Assembly through their opposition to Akpabio, his preferred choice for Senate President. 

    He said: “The party (APC) and the President appear to have a soft spot for Akpabio. I would have thought that people will say, look, allow this administration to start on a very good foundation, so nobody gives us excuses that why this administration could not start on good footing is because of the rancour between the executive and the legislature.”

    The former governor maintained that if there is no cordial relationship between the leadership of the National Assembly and the presidency, the country will be distracted by the unnecessary power conflict between the executive and National Assembly.

    Read Also: PHOTOS: President Tinubu meets with Nigerian Governors Forum

    He added: “If Mr President doesn’t have a smooth administration, at the end of the day, who suffers? Is it not Nigerians? Let us believe that we are all one, let us give everyone a sense of belonging.”

    Wike disclosed that President Tinubu and the APC national leadership preference for Akpabio, who is a Christian, is part of a deliberate strategy aimed at dispersing the misconception generated by the choice of Kashim Shettima, a Muslim, as the president’s running mate.

    The former Rivers governor stressed that by backing Akpabio and appointing a former Benue State governor, George Akume, as Secretary to the Federation, President Tinubu had demonstrated his sincerity to balance the faith question.

    He said: “Muslim-Muslim ticket was a problem, coupled with the abysmal performance of the last government, it was a double jeopardy. PDP campaigned against it that this country can’t have a President as a Muslim and Vice President as a Muslim. 

    “Somehow, by the president’s own luck, God being by his side, and his doggedness, he was able to make it. 

    “Mind you, a lot of booty traps were set for Mr. President not to emerge as President. A lot of booty traps were set even by people in his own party. It is correct. There is no government in this world which is a ruling party that can bring up policies that will make your party be unpopular during an election period.

    “Within that period of election, you brought the issue of Naira redesign and brought the issue of there was no fuel – two things that affected the masses. You will know it was a booty trap set against Asiwaju not to emerge. Nobody can deceive me that that policy was not targeted at him.”

    Wike dismissed the insinuation that his recent visit to the Presidential Villa was in connection to speculation that he was being offered a ministerial position. 

    He said Tinubu had never during any of their meetings made such an offer to him as was being speculated in the media.

    “Every week, you see people reeling out different lists. What is my business? Mr President has not called me one day to say look this is what I want you to do, for me to say yes or no. But, you see people churning out lists. I’m sure this week another list will come out,” he said 

    Wike commended President Tinubu for his courage to end the fuel subsidy regime in the country. 

    He argued that the decision clearly distinguished the President as a man determined and prepared for leadership.

    He said: “What President did was to tell Nigerians, I am prepared for this job, and that is why some of us we say give him a chance.”

    Group: Zone Senate President to Southeast

    The Forum of APC Support Groups rejected the zoning arrangement announced by the leadership of the party.

    The group, which stormed the national secretariat of the party in Abuja, demanded that the party leadership should correct the “lop-sidedness and imbalance decision” of the zoning arrangement.

    Its National Publicity Secretary Adamu Isa’ah, urged the APC National Executive Committee (NEC) to come up with an arrangement that would be fair, equitable and just. 

  • Filing discrepancies stall Atiku/PDP petition

    Filing discrepancies stall Atiku/PDP petition

    • Obi/LP tender result sheets from 17 states

    Some filing discrepancies noticed in the schedule of documents to be tendered in the petition by the Peoples Democratic Party (PDP) and its candidate in the February 25 presidential poll, Atiku Abubakar, stalled hearing of the matter yesterday before the Presidential Election Petition Court (PEPC).

    At the commencement of proceedings, the petitioners’ lawyer, Eyitayo Jegede, (SAN), told the court that the petitioners have filed a third schedule of documents, detailing the exhibits they planned to tender yesterday.

    He indicated his intention to start by tendering INEC certified copies of Forms EC8B for 10 local government areas in Kogi State.

    But the court’s Presiding Justice (PJ), Justice Haruna Tsammani, noted that the schedule was confusing and not explicit enough.

    Justice Tsammani said the petitioners had on previous occasions, filed explicit schedule, which attracted commendation from the court.

    “We had commended you before now and even asked others to learn from you. This schedule that you have filed now is not good enough. It is confusing. Maybe we should withdraw our earlier commendation,” the judge said.

    Another member of the panel, Justices Stephen Adah also pointed out some inadequacies in the schedule.

    Lawyers to respondents to the petition – Abubakar Mahmoud (SAN) for INEC, Dele Adesina (SAN) for President Bola Tinubu and Mrs. Olabisi Shoyebo (SAN) – also raised similar observations.

    Mahmoud, Adesina and Shoyebo observed that the latest format of the petitioners’ schedule was confusing.

    Responding, Jegede blamed the variation in the format of the schedule on the earlier observation raised by the court.

    Jegede said the decision to file the schedule in a new format was informed by the court’s past observation and directive that the petitioners should file a single schedule.

    He said the petitioners were limited because of INEC’s delay in releasing the documents they applied for.

    Jegede said his clients had paid about N6million so far in cost to INEC for the various documents they requested for to prosecute the petition.

    Justice Tsammani suggested that proceedings be halted briefly to enable the petitioners address the issues raised.

    But, instead, Jegede applied for an adjournment till the next day to enable the petitioners put their house in order.

    The lawyers to the respondents did not object to Jegede’s application for adjournment, following which the court adjourned to resume hearing by 9pm today.

    Also yesterday, the Labour Party (LP) and its presidential candidate, Peter Obi, continued the prosecution of their petition by tendering Certified True Copies (CTCs) of Forms EC8B (for ward collation) from 17 states.

    A member of their legal team, Benbella Anichebe (SAN), tendered all the documents from the bar.

    Obi, who has been frequent in court, witnessed the early part of yesterday’s proceedings, but left midway.

    Lawyers to the respondents – Steve Adehi (SAN) for INEC, Mike Igbokwe (SAN), for Tinubu and Vice President Kashim Shettma and Prof Mamman Yusufari (SAN) for the APC – objected to the admissibility of the documents.

    Adehi, Igbokwe and Yusufari promised to provide reasons for their objection at the point of filing their final written addresses.

    Anichebe tendered bundles of Forms EC8B from 21 local government areas in Adamawa State; eight local government areas in Bayelsa; 23 local government areas in Benue; 21 local government areas in Kogi State; 11 local government areas in Nasarawa State, 25 local government areas in Niger State, 18 local government areas in Ondo State and 23 local government areas in Sokoto State.

    Others are 25 local government areas in Delta State, 11 local government areas in Ekiti State, 25 local government areas in Imo; 21 local government areas in Kaduna State, 27 local government areas in Oyo State, 18 local government areas in Cross River; 15 local government areas in Edo State, 32 local government areas in Akwa Ibom State and 20 local government areas in Lagos State.

    Anichebe said the petitioners have with them in court, similar result sheets in respect of the 13 local government areas in Ebonyi State, but will tender them today because the state was not listed in the schedule of documents for the day.

    He said the petitioners will move to tendering Forms EC8C during Wednesday’s hearing.

    Upon his application for adjournment, which was not opposed by lawyers to the respondents, the court adjourned further proceedings till 2pm today.

    Read Also: JUST IN: Late service of witnesses’ statements stalls hearing in Atiku/PDP’s petition

  • Obaseki raises minimum wage to N40,000

    Obaseki raises minimum wage to N40,000

    Edo State government has raised the minimum wage for workers on its payroll from N30, 000 to N40, 000, Governor Godwin Obaseki announced yesterday.

    He made the wage increase to cushion the effects of the rising cost of living in a statement.

    Besides, the workers have been permitted work from home twice a week and show up in the office three days per week.

    The measures were taken as the state’s immediate response to the stoppage of petrol subsidy payment by the Federal Government, which pushed up food costs and petrol price.

    In the statement signed by the governor, the government said: “If more allocation accrues to our State from the Federal Government in view of the expected savings occasioned by the removal of the fuel subsidy.

     “The Edo State Government shares the pains of our people and wants to assure everyone that we are standing with them in these very challenging times.

    “We want to reassure our people that we will do all within our powers as a sub-national government to reduce the pains and ameliorate the sufferings our people are currently facing due to the current realities.

    “As a proactive government, we have since taken the step to increase the minimum wage paid to workers in Edo State from the approved N30, 000 to N40, 000, the highest in the country today.”

    On the reduction of the number of work days for civil servants, Obaseki said his government was aware of the hardship the removal of petrol subsidy has caused.

    The governor said: “The governor the policy has radically increased the cost of transportation, eating deep into the wages of workers in the state.

    “Therefore, the Edo State Government is hereby reducing the number of work days that civil and public servants will have to commute to their workplaces from five days a week to three days a week till further notice. Workers will now work from home two days every week.”

    Read Also: 60 Dukes to Obaseki: we’re not party to break-up of Benin kingdom

  • Seven Days of Umo Eno advent of the golden governor

    Seven Days of Umo Eno advent of the golden governor

    • By A n i e t i e U s e n

    Towering at six feet tall with a regular weight of 90 kilograms, and dressed this afternoon in a dark maroon suit, a white shirt with a spotted tie to match, Governor Umo Eno walked briskly into the sprawling State Banquet Hall to the ovation of the mammoth crowd, jam packed with his adoring supporters. It was his first official assignment as the governor of the beautiful and peace-loving people of Akwa Ibom State, South-South Nigeria.

     All was set this afternoon for the swearing-in of his newly appointed Secretary to the State Government, Prince Enobong Uwah, the champion of Uyo politics and scion of the famous Uwah dynasty, which Governor Umo Eno, a pastor and entrepreneur had chosen as the engine room of his nascent Administration. Straight from the Security Entrance, where he gained access to the Banquet Hall, Governor Eno, nicknamed as the Golden Governor, walked quickly across the front row of the hall, pumping hands, hugging friends and waving endlessly with a permanent smile playing on his lips; just as he was accustomed to, during his long tortuous campaign stump across the 31 LGAs of the oil-rich State. He was the cynosure of all eyes, exuding confidence and feeling at home before a crowd that idolised him and had stood by him against all odds for 14 months of political consultations and rigorous campaigns.

    Preliminaries are done with. Pleasantries are over. Some sort of decorum is restored in the hall. Standing now before the new governor, backing the curious crowd and about to take an oath of office as Secretary to the State Government, SSG, was the Secretary General of the Governorship Campaign Council, Prince Uwah. He is a natural choice for the job or as they say it the man the cap fits. His nickname is Hammer and the hall erupted with the chant of ‘Hammer, Hammer, Hammer’. He had also played the same crucial role as the Secretary General of the Governor Udom Emmanuel’s Campaign Council, during the second term campaign of the former governor. So the excitement of his constituents was both palpable and understandable.

    Soon, the solemnity of the occasion dawned on all, as Hammer began to read after the governor the oath of office followed by the oath of allegiance. He stood ramrod like a royal guard and a clean-shaven head like Dwayne ‘The Rock’ Johnson. With his navy blue suit, white shirt and pink tie, he cut the image of a banker. In a moment, the SSG was through with the ritual. “So help me God”, he concluded, to the thunderous applause of the audience.

    Read Also: A’Ibom 2023: Umo Eno remains PDP candidate, as party files appeal

    Next, the governor read his prepared speech extolling

                    the virtues and enviable track record of the SSG. “You are coming into Office at the time our State is on the cusp of greatness, and as the Engine Room of Government, you are expected to deploy your organisational and people’s skills in managing our vast bureaucracy, which thankfully, is undergoing E-Governance processes…This is the Golden Era of our State, and we have zero-tolerance for weak links in our engine of operations. I am confident of the choice we have made in you. Go there, get the job done, for our State and for our people and afterwards, come the Happy Hours…”. The Hall erupted again with another thunderous ovation.

    But perhaps the best line of the governor’s speech was not in the written address. It was extempore and off-the-cuff. “I intend to run this business of Government with a private sector mindset…and usher Akwa Ibom fully into a golden era”. And many believe the Golden Governor has what it takes to accomplish the task, goals and mission he has set for himself. One strong believer in him is his very accomplished predecessor, former Governor Udom Emmanuel, who with Obong Victor Attah, another former Governor and modern father of Akwa Ibom State, headhunted Governor Eno for the office and role he is occupying today. Said Emmanuel publicly on the day he inaugurated the PDP Governorship Campaign Council in Uyo: “The man that is coming after me (Umo Eno) is a hundred times better than me”. For a very accomplished governor like Udom Emmanuel, who has broken records of good governance in recent time, to say that about Eno, means the State is truly poised for a golden era.

    Evidentially, Akwa Ibom has since the end of military rule in 1999, produced the best possible crop of leaders in Nigeria, from Obong Attah till now. Many, very often agree that Governor Emmanuel has surpassed them all. It would appear the full story of Governor Emmanuel has not yet been fully told. One thing that is certain and settled in the minds of Akwa Ibom people is that one of the greatest achievements of former Governor Godswill Akpabio was headhunting Udom Emmanuel to raise the bar of good governance and make Akwa Ibom a model State in Nigeria. By the time Emmanuel concluded his eight years in office last week, the poser on many lips was not what has Udom Emmanuel done with our money but where did he get the money in this hard times to accomplish so much! This is the same shoe that Governor Eno has stepped into for one week now. He is literally speaking in the shoes of a giant, as his predecessor had diligently and quietly brought Akwa Ibom State to the “cusp of greatness” to quote Eno himself in his inaugural speech on May 29, 2023.

    The good news is that in his first week in office, Governor

                    Eno has shone and shown signs of greatness. The child of a lion, as an Akwa Ibom adage says, dare not resemble a goat. Not surprising, Governor Eno swung into action immediately after his oath of office. First, he saw off his predecessor to his country home in Awa Iman, Onna LGA, before he made brief stops to thank his community people of Ikot Ekpene Udo, and pay homages to the No.1 traditional ruler of Akwa Ibom State, Nteyin Solomon Etuk, who is also the paramount ruler of Nsit Ubium, the Oku Ibom Ibibio and the President General of the Akwa Ibom Traditional Rulers Council. That same night, on his first day in office, he wound up in the company of his wife, Patience, and the deputy governor, Senator Akon Eyakenyi, at the inaugural State Banquet at the Ibom Hotels and Golf Resort which lasted till the early hours of May 30, 2023.

    Later that same day, May 30, 2023, Governor Eno announced his first five appointments in a Press Release signed by Dr. Nathaniel Akpadiaha, the Permanent Secretary in Government House. They included Prince Enobong Uwah, as SSG, Ekerete Udo, Chief Press Secretary, Anietie Usen, Senior Special Assistant, Otobong Edem Idiong, Chief of Protocol and Dr. Mrs. Uduakobong Inam, Economic Adviser.

    The next day, May 31, 2023, was hectic for the new governor

                    as top government officials, old and new, took turns to meet and brief him, inside his expansive and stately new office, considered as one of the most beautiful governor’s offices in Nigeria. The new governor is a workaholic. The earliest he leaves the office is 10pm. Even at 10pm, May 31, he left the office with some of his aides to visit Obong Paul Ekpo, the former PDP State Chairman, current National Ex-officio Member Of the Party and Member-elect of the House of Representatives, who lost his wife, after a protracted illness. He spent nearly an hour with the bereaved family and as a pastor, knew the exact words of comfort and consolation for Obong Ekpo, who was one of the pillars of his electoral victory. “In everything God wants us to thank Him and everything means everything…”

    Perhaps, one of the best of Governor Eno’s first seven days was June 1, 2023. It was just his fourth day as governor and he was learning fast and gaining a firmer grip of the ship of State. First, he did what no other governor has done in the State. He drove a short distance from his office in the company of Senator Eyaknyi, his deputy, to visit the Press Centre, where the CPS and SSA, M&P hold sway. It was his way of demonstrating the respect and importance he attaches to the media. Next was his most important assignment for the day.

    For the eight years of his predecessor, Udom Emmanuel, the first day of every month was the Government House Covenant Service. It is one of the days government officials as well as senior political stakeholders gather in the Government House Chapel by 6pm to praise God, pray, listen to sermons by guest preachers and worship God. Under Governor Emmanuel, this prayer programme was also followed by another prayer programme, known as Government House Prayer Service, held every third Saturday of the month at 8am. So, June 1, 2023 was the first Government House Covenant Service that would be presided over by the newly elected governor who is also a pastor and church founder. It was reckoned that the usual venue in the Government House Chapel would be too small for the expected crowd. The governor directed that the venue be shifted to the sprawling Banquet Hall next door. Even then hundreds could only find a standing position as the Banquet Hall was filled beyond capacity.

    Taking over the microphone soon after the praise, worship,

                    sermon and prayers, Governor Eno was at his best, both as a pastor and a politician. He began with the song MADE A WAY by Travis Green. It is a chart buster in Christendom worldwide and the congregation erupted in joy and took over the song from his mouth: “You made a way/Don’t know how, but You did it/Nothing can catch You by surprise/ You got this figured out…When it looks as if we can’t win/You wrap us in Your arm and step in/ And everything we need You supply/You got this in control/ And now we know that

    You made a way/And we’re standing here/ Only because You made a way/ And you move mountains/You cause walls to fall/ With Your power/You perform miracles/There is nothing that’s impossible/And we’re standing here/Only because You made a way”.

    By the time the song ended, the governor was moved enough

                    to jokingly remind the jam packed hall that Akwa Ibom State has got both a governor and a pastor in one person. “Now you know that God has given you two for the price of one”, he said. The crowd bursted into laughter. But that was not the highlight of the Covenant Service. The highlight was the testimony the governor shared on how God raised him from nowhere and helped him through the fiery furnace of political fire to become the governor.

     “I have to thank you, thank God who has made it possible for us to be here. It looks like a dream for me…But again, that song ministered to me several times when it was as if I was breaking down…I remember one day I got so boxed up and my last daughter, Ebenezer, came to me and said ‘Daddy do you really need all of this? What are you looking for? You don’t need this. You have trained us, we don’t lack anything, we’re okay. Please this attack is getting too much’

     “So one day, I walked up to the Governor and said, ‘Your Excellency, I think I want to quit, not because whatever they are saying is true but I think my family is really not ready for these insults. And the governor looked at me and said, ‘Pastor, did you take breakfast today? Let’s go and have breakfast’. And then we went on to attend a meeting and he said: ‘my option A is Umo Eno, my option B is Umo Eno, my option C and D is Umo Eno…’ That gave me some strength to continue…I know clearly that the shoe I’m stepping into is very big. Don’t mind him (former Governor Udom Emmanuel) when he says I’ll accomplish 200 times more than him. It’s a prophecy and I claim it because he is Elijah and I am Elisha. But you know, the God of this new beginning will go with us. And it’s only if he goes with us, that we’ll accomplish that which God has sent us to do”, Governor Eno said.

     It was at that same gathering that the governor gave Akwa Ibom people a glimpse of his soon coming appointments. He had never hidden his desire to preside over an inclusive government. But today, he granted many a deeper insight into the composition of his government. “We will work with you and with everyone else to set a new agenda for Akwa Ibom. That’s who we are. There’s really no time to say that this government has ended and this one has started. Like I keep saying to people, please don’t expect that kind of miracle that you don’t want to see the old faces again and there should be only new faces. It can’t work like that. We need the wisdom of the old to be able to navigate the new. And so you’ll see a mixed grill of the new and the old. There’s no way you can put away the old. After Solomon departed, the sons of Solomon did it and the kingdom split. You need to put both together. You need the ideas of the old”.

    To call a spade a spade, he went into specifics. “I won’t leave people that were with me in the trenches; people that went to 31 LGAs with me and suffered all the hard times with me for people who have long CVs. I am saying this because I’m receiving more CVs now than the people that were with me during the campaigns. That is not to say that you’ll not see the new. But more importantly, you’ll see those that were with us in the trenches”. He also said that his Personal Assistants will come each of the 329 wards of the State, and they will be active supporters of PDP who reside in their wards and contributed to the success of PDP.

      The next morning saw him in the home of his political grandfather, Obong Victor Attah, where he went to thank the respected elder statesman, for standing firmly with him, when Governor Emmanuel endorsed him as his successor on January 30, 2022. Later that evening and for the first time since he became governor, he stepped into the State-owned Executive Gulf Stream jet and flew out of the State; first to the monthly Holy Ghost Service in Redemption Camp, near Lagos, before he jetted out to Bauchi to attend the PDP Retreat for newly elected governors and national lawmakers. With the help of the State Executive jet, he was back to Uyo that same evening into the warm welcome of government officials led by Senator Eyakenyi, the deputy governor. Straight from the airport, he drove to the traditional marriage of the daughter of late Oron political stalwart, Pastor Onyong Asuquo.

    On Sunday, the seventh day of his tenure, he attended his

                    first Sunday service as governor, at the All Nation Christian Ministry International, Eket, the Church he founded 20 years ago, where he also indicated and justified his intention to look inwards for the coming Akwa Christmas Carol Festival. “This year’s Christmas Carol Festival will have a little twig. I would like us to localise our Christmas carol this year and I will tell how we are going to do it. This because we will use that platform to promote and raise our local talents. It’s a big platform that people all over the world will come or tune in to it. We will look at churches. I want them to get ready, the big and small churches, we will invite them, let all of us come out. I would like to see creativity that is beyond hymns”, he said.

      Whether in his appointments, visits or statements, the first one week of Governor Umo Eno is a pointer to a deft political move by a shrewd political actor, to quickly strengthen and consolidate his political base and assure same, as the Bible says that “the hardworking farmers should be the first to enjoy the fruit of their labour”.

  • Uzodimma on performance scale

    Uzodimma on performance scale

    • By James Udemba

    It the 15th edition of the Professor Eni Njoku Memorial Lecture which held recently at the University of Nigeria, Nsukka, something significant happened. The Guest lecturer, Reverend (Professor)!Chinedu Nebo, a former Vice – Chancellor of the University and a former Minister of Power in the administration of President Goodluck Jonathan, veered off his topic to heap praises on Governor Hope Uzodimma of Imo State, holding him up as a practical example of what good governance is all about. If  members of the opposition PDP in Imo State were around, they would have accused the Governor of shopping for praises. Coincidentally, Uzodimma, who was to serve as the Chairman of the event, was not physically present due to exigencies of other state duties. Again, Professor Nebo is not known for sycophancy given his pedigree as a Venerable of the Anglican Church and an accomplished Professor of Metallurgical Engineering, who rose to the position of Vice – Chancellor of the University and the pioneer Vice – Chancellor of the Federal University, Oye Ekiti.

     On that day, he simply narrated what he observed on his last trip to Owerri, the capital of Imo State and asked the representative of Governor Hope Uzodimma to pass his message of of commendation and appreciation to him. What was his experience? He said he drove through Owerri- Okigwe highway and didn’t encounter any potholes and the journey time was significantly reduced unlike what it used to be. Because he has been a regular user of the road, his testament carried a lot of weight. He was nobody’s praise singer. He appreciated what some people would rather not see. Fortunately, two other eminent professors and former deans of the Faculty of Biological Sciences, who were present at the event, corroborated what Nebo observed, thus opening the floodgate of honours, praises and commendation for the Imo State Governor.

     Indeed, it is instructive that Uzodimma had served as the guest lecturer at the 14th edition of the Professor Eni Njoku Memorial Lecture series. What it means is that the organizers found something of value in him and decided to tap from it. And as if that was a cue, other Nigerians and indeed the Nigerian state needed to applaud the administration of Hope Uzodimma in the last 40 months , they certainly grabbed it with both hands. From Port-Harcourt, Rivers State, Igbos resident in the oil – rich states of Rivers and Bayelsa , crowned the Governor Onyendu Ndigbo na Rivers and Bayelsa, that is the Leader of Ndigbo in Rivers and Bayelsa. Just the same day, the Government of Rivers State conferred on him the highest highest honour of Grand Service Star of Rivers State ( GSSRS). Shortly after, the Federal Republic of Nigeria conferred on Uzodimma the national honour Commander of the Order of the Niger (CON), while the Progressive Governors’ Forum – a group of 18 governors of APC – elected the Imo State Governor as their Chairman.

     It is significant that each of these honours, recognitions or commendations has a history. In other words, none was done in a vacuum. Take for instance, the Professor Nebo’s commendation. Apart from the Owerri- Okigwe highway, Uzodimma has built more than 100 solid roads running into several kilometers. He has done the Owerri – Orlu highway. He rebuilt the MCC – Uratta – Toronto road and all of these were commissioned by President Muhammadu Buhari. Each of the 27 Local Government Areas has a five –  kilometre road  being built by Uzodimma. So, road users, including non – residents of Imo State, like Professor Nebo, are daily testifying to the road revolution of the Governor in addition to other democracy dividends which he has relentlessly continued to deliver to the people.

     For Igbos resident in Rivers and Bayelsa States, they were moved to honour their beloved son, Uzodimma, as the leader of the race because no other governor had taken the welfare of Ndigbo so seriously as Uzodimma. As a people whose economic interests are supported and sustained through the ports, they were overwhelmed with joy when Uzodimma flagged off the dredging of Oguta Lake, Orashi River to Degema and the Atlantic ocean. They are obviously quite excited that the potential of a sea port in the East is just but a stone throw away. They are happy that the economy of the South – East will receive a boost through the initiative of the Governor. They also know that the cultural ties between Igbos and the people of the Niger Delta region will be restored when the dredging is completed and commercial activities resume along the coastal areas.

     According to the the secretary of the organising committee for the reception by Igbo residents in Rivers and Bayelsa States,  Hon. Obiora Umeh, apart from what Uzodimma has done for the people of Imo State which are being acknowledged all over the state, the steps he has taken to rejuvenate the economy of the entire South – East through the dredging of the rivers up to the Atlantic ocean is unprecedented. He noted that such a visionary leader ought to be encouraged, hence his adoption as “Onyendu Ndigbo in Rivers and Bayelsa States”. He went further to assure the Governor that their members from Imo State will be at home during the November election to ensure that he is returned to the office for a second term. 

    While Igbos in Rivers and Bayelsa states see Uzodimma as the champion of their cause, former Governor Nyesom Wike sees him as a national icon whose patriotism has gone a long way to unify the country. In a letter he sent to his Imo State counterpart notifying him of the award of the highest Rivers State Honour of GSSRS, Wike described Uzodimma’s contribution to national development as worthy of emulation. Said Wike” I am pleased to notify you of my approval for conferring the highest Rivers State Honours on you as Grand Service Star of Rivers State (GSSRS). This award recognizes your outstanding commitment and contributions to advancing national unity, equity and justice and your valuable support for Government and people of Rivers State” It was noteworthy that the award was given from a PDP governor to an APC Governor. Before then Wike had publicly declared in a national television that Uzodimma will certainly defeat anyone challenging him in the November election. Could that be why the opposition PDP was jittery and accused Uzodimma of shopping for awards?

     However, as the Americans would say, they ain’t see nothing yet. Nobody saw the national award from the federal government coming. Although one can not say that it came from the blues, given Uzodimma’s antecedents as a patriot who believes in the unity of NIigeria. In truth, the award was well – deserved. In the last ten years, Uzodimma has taken the message of unity and peaceful coexistence among all ethnic nationalities to every state of the federation. Through lectures, reactions to unfolding events and private discourse with stakeholders, Uzodimma has always emphasized that being together in one indivisible country will be of benefit to everyone. Indeed, in his lectures he had also invited  his Igbo brothers and sisters to take advantage of the numerical strength of Nigeria to advance their economic interests, instead of contemplating leaving the country. To his credit, he has been consistent and unambiguous in describing the economic and political benefits accruable to all the ethnic groups in a United Nigeria. That perhaps explains why many individuals and groups have applauded the bestowment of the national honour  of Commander of the Order of the Niger (CON) on Hope Uzodimma. From the NLC, NUJ to the Imo State Council of Elders, from traditional rulers to road transport workers and from market women to prominent Nigerians, the verdict is the same: the national honour of CON bestowed by the Federal Government on Governor Hope Odidkia Uzodimma is well – deserved.

     Expectedly, accolades have continued to be heaped on Uzodimma since the announcement was made. Some remember that the Governor in a bid to cement national unity had appointed none indigenes of Imo state to his cabinet. Some also remember patriotic spirit with which he undertook his duties as the Chairman of the Senate Committee on Customs and Excise where he was reputed to have saved billions  of Naira for Nigeria. And some have appreciated him for being a pan – Nigerian who continues to preach unity even while not relenting in drawing attention to the  obvious marginalization of his race in the politics of Nigeria. Such a patriot no doubt deserves to be awarded the national honour of Commander of the Order of the Niger ( CON).

     It must also be in appreciation of these and other admirable leadership qualities that the Progressive Governors’ Forum elected Uzodimma its Chairman within the same week that the Federal Government honoured him with the national honour of CON. This forum is made up of all governors elected under the banner of All Progressive Congress (APC). While it is conceded that any of them could have been the chairman, the antecedents of Uzodimma in the party and the circumstances of his emergence are worth being noted. First, Uzodimma is a first time governor who will be seeking reelection in November this year. Secondly, he didn’t join APC from inception. So why did his colleagues and the leadership of the party settle for him? It was the Bible which emphasized that a man diligent in his work will dine with Kings. Uzodimma has been committed, passionate and diligent in the running of the affairs of the APC, especially in the South – East where he is fondly referred to as the Governor General of APC. The results of his hardwork are glaring.

    Read Also: Diri, Uzodimma, Sylva, Melaye, Anyanwu make INEC final list for governorship polls

    Before Uzodimma joined APC and sought the goveenorship ticket, the party was about to be rejected by the people of the state on account of the leadership style of his predecessor. He not only won the goveenorship election for APC but has since consolidated on the victory. All the bye – elections held in the state since he became Governor were won by the APC. During the last general election, APC swept both national and state legislative seats – further attesting to the popularity of the Governor due to his unprecedented achievements in office in the last 40 months. It is also instructive that in the entire South- East, it was only in Imo State that APC scored the majority of the votes in the recent presidential elections.  

    Again,  as the man given the responsibility to coordinate the activities of the party in the South – East, Uzodimma has been diligent in the discharge of the task. It is to his credit that APC is now accepted in the South – East more than it was three years ago. It is to his credit that APC has made more inroads and now have more elected federal and state lawmakers in the South – East than it did three years ago. For a man who carried out this mass mobilization, a recognition as the chairman of the Progressive Governors” Forum is not misplaced.

     However, the adage that says to whom much is given, much is expected is now applied to Governor Hope Uzodimma because all the awards and responsibilities bestowed on him require more hardwork and commitment. Again he has to do a balancing act of attending to his duties at home and offering leadership in the national sphere. But as one who is adroit in handling responsibilities since his adulthood, Uzodimma will certainly deliver. What these awards  mean is that people outside Imo State are appreciative of his leadership qualities which have brought immense development to the state in addition to the national space. With his reelection just few months away, Uzodimma should be confident  of success knowing that the day of reward for all his hard-work is coming.

      Yet, I  dare say that for Governor Hope Uzodimma, CON, “it is morning yet on creation day” because I see greater honours and accomplishments ahead of him.

    Udemba is an Owerri based public affairs analyst.

  • Fuel subsidy gone for good

    Fuel subsidy gone for good

    • By Ali M. Ali

    The   Nigerian Labour Congress (NLC) is, currently, huffing and puffing, spoiling for war because, the   newly minted regime of President Bola Ahmed Tinubu has walked its talk of decisively   ending   the fuel subsidy regime. The Union is threatening industrial action by Wednesday, June 7th   unless the government   continues with this   clearly untenable   culture of “fraud” and “rent.” The reaction of the Labour Union is both bewildering and hypocritical.

    It is confounding because all the major presidential candidates in the February   national polls said they were going to end the “fraud” that was the fuel subsidy.

    It’s duplicitous therefore, for the Labour Congress to grandstand. It won’t get any accolades. I am skeptical if Nigerians would heed the call. They didn’t in 2016 when they asked us to shun work following former president Buhari’s upward review of fuel charge.

    Discerning Nigerians have since concluded that the trade Union is hostage to vested   political and business   interests. It dances to their drumbeats. That explains, in part, why it speaks through both sides of the mouth. One moment, the Labour Union is hobnobbing with apostles of subsidy abrogation, the next it is grandstanding because a certain President Bola Tinubu has walked his talk. Different rule for identical pledges, one is tempted to conclude.I am dead certain some key elements in the top echelon of Labour Congress are captives of   political interests. The Labour Party’s presidential   candidate Peter Obi actually labeled   subsidy as “organized crime”. 

    He was right. Obi assured that it would be the first thing he would banish the moment he assume presidential powers. And NLC cheered. They hailed him. He was “in their party” after all.Today NLC is puffing, flexing wizened muscles and threatening to shut down the nation because the president isn’t  “in their party” .That is how I see it and a number of Nigerians who are unimpressed by NLC’s disposition. Obi scored bull’s eye however.

    I concurred and total agreed with his description that   subsidy is  “organized crime”. From a manageable N261 billion naira in 2006, fuel subsidy has snowballed in to a monstrous 7 trillion in 2023.Only ‘organized crime” approximates this astronomical rise. I am not alone. The Vice President, Senator Kashim Shettima revealed just last week of the existence of a powerful oil cabal wanting the fuel subsidy regime to last forever.Former Minister of finance Mrs Okonji Iweala who tried to clean the messy and fiscally challenging subsidy regime has emotional scars to show for that intrepid attempt. She initiated an audit and discovered that over $2 billion dollars were bogus claims. She advised government not to pay. The oil cabal kidnapped her 83-year-old mother in return!I am in total sync with Shettima when he said, “we either end subsidy or subsidy would end Nigeria”Obi must have read the   2012 House of Representatives Ad Hoc Committee on Fuel Subsidy Management comprehensive report to poetically captured the nature of the subsidy regime as organized crime.

    The shocking details of that report exposed a cocktail of woes that combined to make subsidy administration a cesspit of depravity and sleaze.The report confirmed widely held notion popularized by the likes of former Central Bank Governor and maverick economist that fuel subsidy was a buzzword of “renting”, for “scam” and patronage. In the wake of the fuel price hike on January 1st, 2012,Sanusi argued, forcibly, before an enthralled crowd of “stakeholders” at a town hall meeting, with all the logic of a polemicist, at his disposal   why the subsidy regime was anachronistic.His persuasive arguments were punctuated by thunderous applause by a motley swarm of government ministers, state governors, captains of industries and Labour leaders.He dismissed the puerile argument that scuffling fuel subsidy would bring “hardship” and “difficulties”‘”This is not an economic argument,” he said.

    ”The economic argument” he continued would “be this is the cost of removing subsidy and what   is the cost of not removing it?”  he rhetorically asked.He concluded on an unnerving and chilling note. ”This government (JONATHAN’S) can continue to paying this subsidy till 2015,it won’t come down…but the next government would be saddled with a debt burden that it can’t maintain and the Greece situation would be nothing compared to where we are!”Sanusi warned, eleven years ago that “if the dollar gets to N200, inflation hits 18% and oil crashes by 30 to 40 percent, then we would know what crisis is…instead of slowing down, you want to continue paying one trillion naira subsidy to who?”We are presently in the reality Sanusi predicted more than a decade ago.

    With Nigeria’s total debt profile nearly 47 trillion naira and a suffocating 95 % debt-servicing ratio, the new regime of President Tinubu has had to brave the odds by walking this tough path of eliminating subsidy.

    Read Also: Tinubu right to remove fuel subsidy- APC Professionals

    During the campaigns, Tinubu was emphatic. Subsidy would go. Some 8.7 million Nigerians believe in his capacity and voted for him. I am flummoxed therefore, that Labour is calling for industrial action.The House Ad Hoc committee probed   a three-year period from 2009 to 2011. It discovered a progressive increase in subsidy intervention budget and zero accounting. 

    In 2006, subsidy for both PMS and HHK was tolerable, being N261.1b in 2006, N278.8b in 2007 and N346.7b in 2008. Five companies including NNPC were involved in 2006, 10 in 2007 and 19 in 2008 contrasted to 140 in 2011,sayid the report in its preamble.In 2023,fuel subsidy has skyrocketed to an incredible 7 trillion per annum.  Every month, the government spends a whopping 400 billion to subsidize fuel for an indeterminate number of  consumers nationw.

    The various organs responsible for efficient   execution of the subsidy regime encouraged a culture of skullduggery and financial brigandage. They flatly   and deliberately refused to keep a reliable database, thereby frustrating accounting process.

    According to the House Ad Hoc Committee report “We found out that the subsidy regime, as operated between the period under review (2009 and 2011), were fraught with endemic corruption and entrenched inefficiency. Much of the amount claimed to have been paid, as subsidy was actually not for consumed PMS. Government officials made nonsense of the Petroleum Support Fund (PSF) Guidelines due mainly to sleaze and, in some other cases, incompetence. It is therefore apparent that the insistence by top Government officials that the subsidy figures was for products consumed was a clear attempt to mislead the Nigerian people’’.

    The report continued “Thus, contrary to the earlier official figure of subsidy payment of N1.3 Trillion, the Accountant-General of the Federation put forward a figure of N1.6 Trillion, the CBN N1.7 Trillion, while the Committee established subsidy payment of N2, 587.087 Trillion as at 31 December 2011, amounting to more than 900% over the appropriated sum of N245 Billion. This figure of N2, 587.087Trillion is based on the CBN figure of N844.944b paid to NNPC, in addition to another figure of N847.942b reflected as withdrawals by NNPC from the excess crude naira account, as well as the sum of N894.201b paid as subsidy to the Marketers.

    The figure of N847.942b quoted above strongly suggests that NNPC might have been withdrawing from two sources especially when the double withdrawals were also reflected both in 2009 and in 2010. However, it should be noted that as at the time the public hearing was concluded, there were outstanding claims by NNPC and the Marketers in excess of N270billion as subsidy payments for 2011” In present day Nigeria, NNPC is claiming outstanding N2.8 trillion unpaid subsidy by the government.

    The Group Managing Director told reporters last week soon after meeting with President Tinubu. This colossal outstanding is twice the fund allocated to education in the 2023 federal budget.

    At 7 trillion naira annually, subsidy is gulping one third of the N21 trillion naira total federal budget. This is certainly not tenable. The fuel subsidy is gone for good.

    The government now is freed of the burden. The freed resources should be channeled to specific ends. Nigerians are groaning under the weight of hyperinflation.

    Economic activities are on a downward slop.Thankfully, the president is a listener.

    Ali M. Ali is a journalist and former Deputy President of the Nigerian Guild of Editors.

  • NBS: Nigeria records N931.1b trade surplus in Q1

    NBS: Nigeria records N931.1b trade surplus in Q1

    Nigeria recorded N931.1billion surplus trade in the First Quarter of the year, according to the National Bureau of Statistics (NBS).

    Its document entitled: “Foreign Trade in Goods Statistics (Q1 2023),” which The Nation obtained yesterday, stated in the period under review, the country’s total trade was N12.046.92 trillion.

    The report also noted that total exports was N6.487.04 trillion, total imports was N5.559.88trillion.

    “In the first quarter of 2023, Nigeria’s total trade stood at N12.046.92 trillion of which total exports stood at N6.487.04 trillion and total imports amounted to N5.559.88 trillion,” said the Bureau.

    It added that total exports increased in the first quarter by two per cent, but declined by 8.66 per cent when compared to the amount recorded in the fourth quarter of 2022 (N6.359.61trillion) and the corresponding quarter in 2022 (N7.102.11 trillion).

    NBS noted, in the same vein, total imports increased by 3.67 per cent in the first quarter of the year compared to the value recorded in the fourth quarter of 2022 (N5.362.83 trillion), but then, again, declined by 25.83 per cent when compared to the value recorded in the corresponding quarter of last year (N7,495.67 trillion).

    The report also said the value of Re-exports in the quarter under review stood at N32.17 billion representing 0.50per cent of total exports.

    Read Also: FG earned N109.6tr non-oil tax in 12 years – NBS

    NBS noted that data available shows that the top five re-export destinations were Cameroun, Ghana, Equatorial Guinea, United Kingdom and Liberia while the most re-exported commodity was ‘Vessels and other floating structures for breaking up with N21.07 billion, this was followed by ‘Light vessels, fire floats, floating cranes, and other vessels not specified in 8905’ valued at N4.71 billion, ‘Other instruments and appliances for Surveying not specified in 9015’ amounting to N0.93 billion and Parts of work-truck of the type used in factories, warehouses, dock areas or airports valued at N0.85billion.

    According to the report, the top five export destinations in the first quarter of 2023 were the Netherlands with N837.65 billion or 12.91per cent, the United States of America with N579.35 billion or 8.93per cent, Spain with N488.17 billion or 7.53per cent, France with N487.34 billion or 7.51per cent and India with N456.69 billion or 7.04per cent of total exports.

    NBS said altogether, exports to the top five countries amounted to 43.92 per cent of the total value of exports. ‘Petroleum oils and oils obtained from bituminous minerals, crude’ with N5,148.58 billion representing 79.37 per cent remains the commodity with the largest export values in the period under review, followed by ‘Natural gas, liquefied’ with N622.36 billion accounting for 9.59 per cent, and ‘Urea, whether or not in aqueous solution’ with N146.79 billion or 2.26 per cent of total exports.

    In terms of Imports (CIF), according to the data, China, The Netherlands, Belgium, India, and the United States of America were the top five countries of origin of imports to Nigeria in the first quarter of 2023. The values of imports from the top five countries amounted to N3.101.42 trillion representing a share of 55.78 per cent of the total value of imports. While the commodities with the largest values of imported products were ‘Motor Spirit Ordinary’ (N1.492.28 trillion or 26.84 per cent), ‘Gas Oil’ (N472.40 billion or 8.50 per cent and ‘Durum Wheat (not in seeds)’ (N249.22 billion or 4.48 per cent.

  • NCC licenses 25 for mobile virtual operations

    NCC licenses 25 for mobile virtual operations

    The Nigerian Communications Commission (NCC) granted licences to 25 companies to provide Mobile Virtual Network Operators (MVNO) services.

    The licensing came after almost two years the regulator first spoke about the plan to license MVNOs to further deepen state of telephony services.

    An MVNO is a company that does not own a mobile spectrum licence, but sells mobile services under its brand name using the network of a licensed mobile operator.

    The operator rides on the infrastructure of a fully licensed mobile telecommunication service provider or mobile network operators (MNOs). It thus means that these licencees will provide the same services as MTN, Globacom, Airtel, and 9mobile riding on the MNOs infrastructure after an agreement have been sealed.

    The implication of this development is that the telecoms space would further be democratised, paving ways for improved service offerings and competitive pricing, especially around voice and data services.

    While the Commission had created various categories of licences under the MVNO framework, which range from tier 1 to tier 5, the companies  licensed are in categories 2 to 5, while no company has acquired a tier 1 licence, which is the lowest.

    NCC database showed that seven companies, which included Routelink Integrated Systems Ltd; Hazon Technologies Limited; Asel Telecom Nigeria Limited; Briclinks Africa Plc; Pisi Mobile Services Limited; Univasa Nigeria Limited; and Imose Technologies Limited were licensed in the tier 2 category while seven others- Amics Technologies Limited; Zegtel Limited; Telewyz Limited; Siu Telecommunications Network; Abrindex Nigeria Limited; Metropolitan Consortium Nigeria Ltd; and IPNX Nigeria Limited Companies got licences in the tier 3 category.

    Those licensed as tier 4 operators include Imbil Telecoms Solutions Nig. Ltd; Environmental Expressions Limited; and DMK Telecommunication Nig. Ltd.

    Similarly, eight companies, including  Systegra Technologies Limited; Choffan Communications Limited; Mab Consultant and Associates Ltd; H & Y Business Global Limited; Taima Technologies Ltd; Global Communication Extension Services Ltd; USKS Ventures International Ltd; and Paribas Communication Limited got liences in tier 5 category,.

    Further, through the issuance of the MNVO licence to the 25 companies, the telecoms regulator generated not less than N5.9 billion for the government as licensing fees. According to the framework released by the NCC, the 10-year tenured MNVO licences come at different prices.

    Read Also: Operators seek NCC’s clarification on 5% telecom tax

    The highest in the categories, the tier 5 licence costs N500 million, while tier 4 goes for N200 million. Both the tier 3 and tier 4 licences cost N130 million and N60 million respectively, while the tier 1 licence is to be issued at N35 million.  

    Speaking at the first “Talk-To-The Regulator” Forum (TTTR) for the Year 2023 in Bayelsa, the CEO of NCC Prof Umar Danbatta, had expressed the readiness of the Commission to begin MVNO services in the country.

     “To keep up to date with developments in the industry, the Commission has equally taken measures to improve regulations to accommodate the rapid and continuous development. Some of the interventions and responses of the Commission include but are not limited to facilitating the Roll-Out of 5G service provision, and the introduction of a Mobile Virtual Network Operator (MVNO) Licence to bridge the gap between unserved and underserved areas,” he had said.

    Prof Danbatta said the local market is reported to have a demand for differentiated services with lots of gaps in several sectors, especially mobile to fixed market, M2M, B2B, and rural networks.

    While calling for more industry collaboration, the NCC CEO said the growing concern of over-the-top (OTT) players eating into operator’s average revenue per user (ARPU) offers opportunity for MVNOs to partner with MNOs, leading to some revenue going back to the MVNOs through wholesale agreements.

  • Global growth to contract by 2.1%

    Global growth to contract by 2.1%

    A new World Bank report has said global growth has slowed sharply and the risk of financial stress in developing economies is intensifying amid high global interest rates.

    According to the latest Global Economic Prospects report released yesterday in Washington DC, Sub-Saharan Africa growth will reduce to 3.2 per cent in 2023 and rise to 3.9 per cent next year.

    It identified the factors responsible for the slowdown to include the pandemic, the Russian invasion of Ukraine, and the sharp slowdown amid tight global financial conditions.

     World Bank Group President Ajay Banga said: “The surest way to reduce poverty and spread prosperity is through employment-and slower growth makes job creation a lot harder. It’s important to keep in mind that growth forecasts are not destiny. We have an opportunity to turn the tide but it will take us all working together.”

    The World Bank Group’s Chief Economist and Senior Vice President, Indermit Gill, said the world economy is in a precarious position.

    “Outside of East and South Asia, it is a long way from the dynamism needed to eliminate poverty, counter climate change, and replenish human capital. In 2023, trade will grow at less than a third of its pace in the years before the pandemic. In emerging markets and developing economies, debt pressures are growing due to higher interest rates. Fiscal weaknesses have already tipped many low-income countries into debt distress. Meanwhile, the financing needs to achieve the sustainable development goals are far greater than even the most optimistic projections of private investment,” Gill said.

    In low-income countries, the report said, per capita incomes in 2024 will still be below 2019 levels and will entrench extreme poverty.

    Deputy Chief Economist of the World Bank Group, Ayhan Kose, said: “Many developing economies are struggling to cope with weak growth, persistently high inflation, and record debt levels. Yet new hazards-such as the possibility of more widespread spillovers from renewed financial stress in advanced economies-could make matters even worse for them. Policy makers in these economies should act promptly to prevent financial contagion and reduce near-term domestic vulnerabilities.”

    A statement on the report said growth in advanced economies will decrease from 2.6per cent in 2022 to 0.7per cent this year and remain weak in 2024.

    Read Also: Ekiti gets World Bank N800m grant to boost primary health

    “After growing 1.1per cent in 2023, the U.S. economy is set to decelerate to 0.8per cent in 2024, mainly because of the lingering impact of the sharp rise in interest rates over the past year and a half. In the euro area, growth is forecast to slow to 0.4per cent in 2023 from 3.5per cent in 2022, due to the lagged effect of monetary policy tightening and energy-price increases.

    “The report also offers an analysis of how increases in U.S. interest rates are affecting EMDEs. Most of the rise in two-year Treasury yields over the past year and a half has been driven by investor expectations of hawkish U.S. monetary policy to control inflation. According to the report, this particular type of interest rate increases is associated with adverse financial effects in EMDEs, including a higher probability of financial crisis. Moreover, these effects are more pronounced in countries with greater economic vulnerabilities. In particular, frontier markets-those with less developed financial markets and more limited access to international capital-tend to see outsized increases in borrowing costs; for instance, sovereign risk spreads in frontier markets tend to rise by more than three times as much as those in other EMDEs,” the statement said.

    The report said rising interest rates have compounded the deterioration in the fiscal positions of developing nations.

    “Public debt now averages about 70per cent of GDP. Interest payments are eating up a rising share of limited government revenues. 14 low-income countries are already in, or at high risk of, debt distress. Spending pressures have risen in these economies. Adverse shocks such as extreme climate events and conflict are more likely to tip households into distress in low-income countries than anywhere else because of limited social safety nets. On average, these countries spend just three per cent of GDP on their most vulnerable citizens-well below the 26per cent average for developing economies,” it said.

  • GTI Group partners NPFL

    GTI Group partners NPFL

    GTI Asset Management and Trust Limited has restated its resolve to partner the Nigeria Premier Football League (NPFL) to help the football league body achieve a strong foundation, and as well ensure the establishment of a transparent football ecosystem.

     GTI Group Managing Director, Abubakar Lawal said the firm intends to help the football body using the Nigeria Football Fund (TNFF) as a vehicle in achieving the objective.

    Lawal told reporters during the unveiling of the new Nigeria Premier League (NPL) logo and the NPFL championship play-off draws in Lagos at the weekend, that the company is employing every best international practice to give Nigerian football a desirable breakthrough.

    He said: “We at GTI are committing lots of material and financial resources towards ensuring that NPFL enjoys robust financial support in order to become self-sustaining with necessary measures to ensure transparency in all its dealings with investors, sponsors and other partners.

    Read Also: Elegbeleye hails GTI as NPFL Super 6 kicks-off in Lagos

    “We are proud to associate with the NPL in execution of this project and we hope Nigerian football will grow from strength to strength going forward following the unveiling of the new NPL logo.”

    The Chairman, Interim Management Committee of the NPFL, Gbenga Elegbeleye, said the partnership between the two bodies would see the best of Nigerian league football on display, as the six teams, Bendel Insurance, Enyimba FC, Remo Stars, Sunshine Stars, Lobi Stars and Sunshine FC would trade tackles in a round-robin format beginning from June 3 to June 11, this year.

    Elegbeleye affirmed that the event will see the return of massive football celebration in Lagos especially on the side of the winning team who will be returning home with the sum of N100 million and the trophy.

    Head of Operations, IMC-NPL, Davidson Owumi, stated that the organization is strongly committed to restoring confidence in its sponsors and investors, urging investors and stakeholders to key-into the TNFF project and stakeholders of football in Nigeria.

    He said: “NPFL is an asset that belongs to Nigerians and the effort of GTI at this stage is to encourage more Nigerians to become unit holders as quickly as possible and to mop up the remaining units of the N5 billion that is expected to be raised through the funds.”