Author: The Nation

  • NERC may cancel KAEDC licence

    NERC may cancel KAEDC licence

    • Issues 60-day notice

    The Nigerian Electricity Regulatory Commission (NERC) has issued a 60-day notice to the Kaduna Electricity Distribution Company (KAEDC) Plc, over its contravention of Section 74 of the Electric Power Sector Reform Act (EPSRA’ or the Act) and the terms of its Electricity Distribution License No: NERCA/LC/023 (the Electricity Distribution Licence or EDL).

      At the end of the notice period, NERC warned that it will cancel the licence of the DisCo in the event of its inability to provide satisfactory explanations.

    In a notice signed by the NERC Commissioner, Dafe Akpeneye, dated May 15, the electricity regulator noted that it conducted a detailed review of the performance outlook of KAEDC for the period covering January-December 2022, following which it was discovered that the DisCo only achieved a combined average of 13.83 per cent of its minimum payment obligation to the Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator (MO) and recorded an average monthly market shortfall or underpayment of N4.33 billion.

    According to the Commission, the evaluated level of underperformance indicates that the utility has been unable to recover the additional liquidity required by KAEDC to optimally function as a utility as provided in its approved revenue requirement.

    NERC further stated that based on its approved revenue requirement for KAEDC, the utility under-collected its revenues to the tune of N88.75 billion being the sum of its market shortfall, capital investment allowances of N25.33 billion and an allowed operating expense of N11.46 billion.

    “TAKE NOTE that pursuant to section 74 of the Electric Power Sector Reform Act (“EPSRA” or the “Act”) and the terms and conditions of Electricity Distribution License No: NERCA/LC/023 (the “Electricity Distribution License” or “EDL”) issued to Kaduna Electricity Distribution Plc (“KAEDC”) by Nigerian Electricity Regulatory Commission (herein referred to a “NERC” or the “Commission”) has reasonable cause to believe that KAEDC has breached the provisions of EPSRA and the terms and conditions of the Electricity Distribution License”, NERC said.

    “The commission considers KAEDC’s actions to be “manifest and flagrant breaches” of EPSRA and the terms and conditions of its Electricity Distribution License; and therefore requires KAEDC to SHOW CAUSE in writing within 60 days from the date of receipt of this Notice as to why the Electricity Distribution License should not be cancelled in accordance with section 74 of EPSRA”, NERC added.

    Like some other DisCos, KAEDC is currently experiencing liquidity challenges, casting doubts on its commercial viability and continuation as a market participant. NERC further noted that KAEDC’s management team has not been able to develop and present a clear pathway towards capital injection, operational efficiency, and sustainability despite the various regulatory initiatives of the Commission and other financial interventions of the government.

    “Over the period of 12 months covering January -December 2022, KAEDC accrued a total liability to the tune of NGN51.93 billon to NBET and MO. This is exclusive of the sum of N41.49 billon historical outstanding debts for the 2015-2021 owed to the NBET and MO,” the notice read.

  • Sundry Foods gets A-(NG), A2 (NG) rating

    Sundry Foods gets A-(NG), A2 (NG) rating

    Sundry Foods Limited (SFL) has been accorded the national scale long-term and short-term issuer ratings of A-(NG) and A2 (NG), respectively by Global Credit Ratings (GCR) with the Outlook affirmed as Positive.        

    SFL’s Head, Marketing, Nduka Mokwunye, said the affirmation of the company’s national credit ratings by GCR was contained in the latest report of the agency.

    “GCR Ratings (GCR) has affirmed the national scale long-term andshort-term Issuer ratings of A-(NG) and A2 (NG), respectively assigned to Sundry Foods Limited (Sundry Foods or the Company).

    GCR has affirmed the national scale long-term issue rating of A-(NG) accorded to Sundry Foods Funding SPV Plc’s N2.5 billion Series 1 Bonds. The Outlook on the rating has been revised to Positive.’’

    GCR said the company maintained competitive strengths, good earnings and sound gearing metrics in the year under review,” adding that the positive outlook reflects its opinion that SFL will sustain the strong earnings growth trajectory and maintain moderate gearing metrics amid its business expansion activities.  

    “The competitive position of Sundry Foods is anchored on its growing business and increasing market penetration. The company has developed a good brand presence in the market, with six brands entrenched in the quick service restaurant, bakery, and catering services segments.” GCR said.

    It further noted that Sundry Foods increased its retail outlet count to 149 stores as of December 2022, from 145 stores in June 2022, adding that SFL’s competitiveness is also bolstered by its relatively stronger profitability compared with industry peers. The international rating agency admitted that the earnings performance counted as a positive rating factor, supported by the sustained upward revenue progression and sound earnings margins.

    According to GCR, revenues for financial year 2022, which ended December 31, 2022, grew by 56.6 percent, noting that the strong top line growth was largely supported by additional revenue from the 17 new outlets that were rolled out during financial 2022 and coupled with upward price review across all stores.

    GCR noted that as the company sustains its expansion drive, it anticipates revenue growth of 32 percent in 2023 and 35 percent in 2024.

    On the other hand, GCR also acknowledged SFL’s EBITDA margin decline to 17.9 percent in 2022 from 18.6percent in 2021, due to sustained inflationary pressures and high energy costs, but noted it remains sound and above the peer average.

    “We expect the EBITDA margin to be sustained within the range of 18-19 percent in 2023 and 2024 on the back of sustained economies of scale and effective cost management measures.” It stated.

    GCR concludes by saying “The Positive Outlook reflects our expectation that the company will sustain the strong growth in earnings and maintain robust cash flows, which should keep leverage metrics at a moderate level over the next 12-18 months, despite the planned increase in debt.”

    Commenting on the achievement, SFL’s Managing Director, Ebele Enunwa, said: “This affirmation and improved outlook recognizes our consistent growth performance and strong balance sheet management. Over the years, we have continued to demonstrate leadership within our sector, with rapid expansion strategy despite the unstable operating environment”.

    “This affirmation, which follows the thorough independent assessment by a reputable international credit agency, is a testament that we are progressively growing stronger. It also highlights the fact that we are one of the highest credit-worthy organisations in the country and a very good investment potential for many local and international investors and financiers,” the statement said.

  • ‘Focus on economic challenges, manufacturing’

    ‘Focus on economic challenges, manufacturing’

    The Managing Director of Coleman Wires and Cables, George Onafowokan, has charged the in-coming administration to focus on the challenges confronting the economy, especially the manufacturing sector.

    He urged the President-elect, Asiwaju Bola Tinubu and his vice, Kashim Shettima, to take advantage of the sector to create jobs, adding that the new administration should look at making available Foreign Exchange to manufacturers.

    “If this is done, it would create stability for the market. High interest rate should also be looked into. This makes it impossible for some manufacturers to do business, “The interest rate is not sustainable for the manufacturers,” Onafowokan said.

    The Coleman Wires and Cables boss, noting that Nigerians are optimistic to welcome the new administration on May 29, also called on the in-coming administration to make available intervention funds to manufacturers through the Bank of Industry (BoI) as well as ensure that the process of doing business gets better.

    Onafowokan, who spoke at the Distributors Forum of the organisation, which held recently at its factory in Arepo area of Ogun State, attributed the the company’s achievements to efforts put in by its workforce.

    The MD, while noting that the organisation attaches importance to the welfare of its staff, said the company’s philosophy of developing its team catapulted it to where it is today as a company.

    “Over the years, we have always looked at better ways to improve the lives of our workers which is fundamental to anybody’s business. We have buses transporting staff free of charge to and fro their residential areas since the last four or five years,” he said.

    Onafowokan maintained that the staff busses were not enough, which prompted the company to acquire new buses to ease the movement of the staff from home to work.

    “The buses we had were not enough and the number of staff has grown from almost 600 to 1000 and we are always thinking of how to improve

    their welfare. So, investing in buses for staff is more important than changing the car of the company’s Managing Director.

    “Coleman is not only couching the barriers of what we can do in cable making, but we are also couching the barrier of what we can give back to the staff. We are a successful company, not because of one person

    sitting at the top, it is because we embark on team work as one to achieve a common goal,” the Coleman MD added.

    He assured that the company would continue to improve the welfare of its staff as best as it can. According to him, “The company started in

    1975 at Ikotun-Egbe area of Lagos State and later moved to Arepo. By the end of the year 2023, we will be the biggest cable manufacturer in

    the African continent.”

    At the forum, distributors with exemplary performances went away with different gifts ranging from truck to Toyota Hilux and television sets.

    Some of the beneficiaries included Laurel Electrical Company, which got 20 tons truck; Suntec Electrical company, which went home with Toyota Hilux; Bosdec Electrical Jimbei Truck, Glorious Hallelujah, who

    got 85-inch smart TV each and Cable Network, which got 65-inch smart TV.

    The MD said that the importance of the forum is for the company to acknowledge the impact of its distributors, encourage them, and appreciate them for their performances.  

  • Malami praises Finance Acts 2020, 2021

    Malami praises Finance Acts 2020, 2021

    The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has applauded the Finance Acts 2020 and 2021 for bringing the Capital Gains Tax Act in line with realities in the  economy.

    Malami spoke at the workshop on the Reform of Tax Laws in Nigeria, with the theme, “The Capital Gains Act, Cap. CI, Law of Nigeria, LFN 2004, in Abuja.

    He commended the Nigerian Law Reform Commission (NLRC) for its effort towards the fulfillment of its mandate through the delivery of law reform programmes for the economic and social political development.

    Malami, however, noted that there are other defects in the Act, which the Commission is reviewing to further enhance some of the provisions  to make it clearer and simpler.

    According to him, “some of the defects the Commission observed are the broad and wide exemption in the Act which provide opportunity for tax avoidance, the low percentage of tax chargeable on gains, lack of enforcement mechanism to ensure compliance with the Act and punishment for failure to comply”.

    The Chairman, NLRC, Prof. Jummai Audi, said the Capital Gains Tax Law is significant as a source of revenue for the government due to the recession, adding that Capital Gains Tax are taxed only when the gains are realised by sale or exchange of assets. Gains on assets transferred to death are never taxed, she said.

    She highlighted short-coming of the Act as failure to indicate the manner of computing chargeable gain conflict in the light of section 43. The exemption of bodies and when transaction from capital gains tax is perceived to be too wide broad as this can lead to tax avoidance.

    The chairman also said some of the commission’s proposal for reform include amending section 43 (1) of the CGTA to reconcile the conflicting “due date” for filing capital gains; increasing the rate of capital gains return, increasing the rate of capital gains tax and amending section 5 of CGTA to make capital losses deductible while computing the capital gains as it is practiced in other jurisdictions.

  • UBA Africa Conversations: Unlock Africa’s growth potential

    UBA Africa Conversations: Unlock Africa’s growth potential

    The United Bank for Africa (UBA) Plc has marked this year’s Africa Day in commemoration of African unity.

      The bank also held the fifth  UBA Africa Conversations, where panelists agreed that the time had come for the rich potential of the continent to be unlocked.

    They also shared views of the opportunities that abound on the continent.

    The Conversations, which was held yesterday at the Tony Elumelu Amphitheatre at the UBA House, Lagos, saw the gathering of top management and business leaders, led by the Group Chairman, UBA Group, Tony Elumelu; the Group Managing Director, Oliver Alawuba, and other key players in the economic, financial and business landscape in Africa.

    Welcoming guests at the meeting, the GMD, Oliver Alawuba, said the bank is on a mission to transform Africa, and then change the world.

    He said UBA remains at the forefront of leading conversations that will lead to positive change on the continent, while helping to unlock the vast opportunities waiting to be tapped from Africa.

    “Our institution is more than a bank. We have a mission to change Africa and also change the world.

     “This is the time where the beauty, the talent, the culture, the diversity, the warmth of Africa is celebrated. As Africa’s global bank, UBA is committed to helping Africa to become the continent of the future. We take our Pan African-ness seriously, because we believe Africa needs to be celebrated.’’

    Continuing he said: “The theme for this year’s Africa Day, ‘Innovation on the Continent for Growth,’ is  apt for our conversation because of the challenges and the opportunities that Africa as a continent is faced with; but the truth remains that between these challenges and opportunities is a thin line which we believe UBA Group can help unlock the challenges and engineer prosperity.”

    The event was made up of an all-female panel who are certified professionals from various fields.

    They include the Executive Director/Chief Executive Officer, UBA Africa, Abiola Bawuah; President, Transnational Corporation (Transcorp) Plc, Owen Omogiafo; award-winning and trendsetting Foodpreneur/chef, Hilda Baci; renowned Fashion designer, Banke Lawson-Kuku and Business & Technology Executive; Folusho Gbadamosi.

    Bawuah, who referred to how UBA has led innovation in Africa, cited the bank as being the first financial institution to have a Board of Directors with more female members than males.

    She said, “When we talk of innovation in Africa, we can bring it back home to UBA.

    As it stands, we have more female board members than any bank, thanks to the Chairman of the Board, Tony Elumelu, who believes that women can occupy top roles in organisations and excel. This is very remarkable, and I know that other organisations have started trying to emulate this. So, by this move, we are leading the positive change in Africa, and this is very laudable.” Encouraging the girl child, Bawuah said “the ceiling has been broken; it is no longer an excuse. We need to seize opportunities, keep moving and be determined.

    Omogiafo, who spoke on the uniqueness of Africa, maintained that there is no place like Africa. She spoke on the need to innovate because innovation is survival. On Africa’s potentials, she asked: ‘Where else can you get the kind of returns you get in Africa, we have huge opportunities, deep cultural roots, hard-working people, and all that is needed is to tap into the vast opportunities that we have on this continent.”

    Baci, who is still reeling from the accolades that accompanied her efforts to break the Guinness World Record, after cooking for over 100 hours a few weeks ago, echoed Owen and emphasised the importance of sustainability, discipline and reading in business, as she advised young Africans to be focused and empower themselves through the art of reading.

    She said, “As a young entrepreneur, even if you do not have money to take a business course, you can read. If you want to survive in the business world, it is important to arm yourself with information and learn, as this will keep you going especially in a world that is constantly changing.”

    Banke Kuku, a creative fashion entrepreneur, said that the world is cherishing Africa because of its fashion, and added that this is an industry that can be tapped to our benefit. “The world is really looking at Africa and we can use our fashion to keep telling African stories to the world,” she said.

    Gbadamosi, who is a Business & Technology Executive, advised Africans, especially the young people to take advantage of the vast resources that the internet has presented to us.

    “There is so much available online, do not let technology scare you, things are changing so we need to arm ourselves with all the information we can garner. Innovation is all about evolution, and so we need to be intentional about positive change. I believe if we all come together and solve the problems, we will go very far indeed.”

    Elumelu, who thanked participants who joined the event both physically and virtually, said UBA will continue to lead the narrative and discussions on the development, growth, and unity of Africa.  

  • ‘No record of Nigeria’s daily fuel consumption’

    ‘No record of Nigeria’s daily fuel consumption’

    • Reps want forensic audit of DSDP programme

    The Ad-hoc Committee set up by the House of Representatives to investigate the volume of fuel consumed daily said  yesterday that there is no data with the agencies of government of the actual volume of fuel consumed in the country daily.

    The Committee also said the Ministry of Petroleum Resources and the Office of the Accountant-General of the Federation does not have the records of the amount of money said by the government on subsidy daily on fuel consumption.

    This came to light just as the House asked the Federal Government to conduct a forensic audit of the Nigeria National Petroleum Corporation Limited (NNPCL)  to give clarity to Direct Supply, Direct Purchase (DSDP) programme and the consortiums of DSDP operators to unravel the discrepancies in the importation and supply of Premium Motor Spirit (PMS) from 2015 to date.

    The House also stressed the need to expedite the full implementation of the Petroleum Industry Act, 2021 which was expected to provide and address the challenges and the uncertainties within the oil and gas industry including but not limited to the supply, storage and distribution of PMS in Nigeria.

    It said the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) should be charged with utilising Information Technology (IT) to monitor trucks conveying PMS within locations and compel, through similar technology, a daily datan report on the dispense of the product at all retail outlets/fuel stations, by making it a condition precedent for their continued operation.

    It said agencies of government, such as the Federal Ministry of Petroleum Resources, the Office of the Accountant-General of the Federation (OAGF), Nigerian Ports Authority (NPA), Nigeria Maritime and Safety Agency (NIMASA), National Bureau of Statistics (NBS), should also be saddled with maintaining an independently generated data relating to their core mandate/jurisdiction.

    Presenting the report for consideration by the House, Chairman of the Committee, Abdullahi Abdulkadir, said records obtained from the NNPC Limited, NUPRC, NMDRA, the Nigeria Navy and the Nigerian Customs Service gave conflicting information about fuel supply and consumption in the country daily.

    He said working with information from the NUPRC, the committee concluded that about 24 billion litre of fuel was brought into the country in 2022, amounting to about 66.7 million litre per day, adding that the committee could not ascertain how much of that was consumed locally.

    According to the report, the committee could not ascertain the record of the volume of product (PMS) that are on thru-put arrangements due to the muddle-up reconciliation report between the NNPC/PPMC and themarketers.

    The report also said some of the depot owners are gradually closing down their investment due to the harsh and unhealthy economic conditions under which, they are constrained to operate, including but not limited to delay in the supply of PMS by the NNPC/PPMC after payment, indiscriminate offer of credit sales by NNPC/PPMC to selected

    depot owners, thereby creating unfair platform for competition and indiscriminate access to foreign exchange by selected marketers, while others are compelled to patronize the parallel market to obtain their forex in spite of the huge significant difference, thereby creating unhealthy rivalry in the industry.

    The report also stated that the over 5,000 km network of pipeline connecting the federation, which is deemed to be the cheapest and the safest means of transporting or distributing petroleum products has been abandoned due to theft, vandalism and economic sabotage.

    It said further that about 22,679 retail outlets/filling stations are currently approved by the NMDPRA for operation in the federation, even though the agency has no record indicating that a certain volume of PMS was discharged to a particular retail outlet/fueling station or

    dispensed.

    The report also said “upon thorough scrutiny of the records of various stakeholders, it’s the considered opinion of the Committee that the total volume of PMS supplied in the year 2022 is put at 24,346,925,589 liters or less, which is in tandem with the record of the NMDPRA.

    “The daily average volume of PMS supplied in the year 2022 is put at 66,703,905.72 liters or less. Notwithstanding, the determination of the Committee to achieve its mandate, there are simply no data to conclusively arrive at the daily consumption of PMS, in view of the fact, that records or information on the daily dispense at the various retail outlets/fueling stations are not readily available”.

    Meanwhile, the Chairman of the House of Representatives Adhoc Committee investigating the alleged sale of about 48 million barrels of crude oil and loss of about $2.4 billion dollars in China, Mark Gbillah, on Wednesday, alleged that some persons who were fugitives of the law in their country were busy doing business in the nation’s oil and gas sector.

    Gbillah also said the House may issue summon on the owners of Sterling Exploration and Sterling Global for failure to appear before the Committee.

    Speaking at the resumed investigative hearing of the Committee on Wednesday, the lawmaker lamented that the Minister of Finance, Budget and National Planning has refused to appear before the Committee to answer questions or make a formal presentation.

    He, however, said the Minister of Justice and Attorney General will appear before the Committee on Thursday to answer questions and make clarifications on some grey areas, adding that the Committee will proceed after that to compile it’s report.

    He also said that the Committee will discuss the issue of fugitives doing business in the country with the Attorney General when he appears before the Committee.

    He said: “There is an issue with the commission regarding Sterling Global and the Sterling group which information available to the Committee has confirmed owners of this group appeared to be fugitives

    of the law in their own country. “Such persons have taken solace in Nigeria and are carrying out high

    level business involving our common wealth in the country against what a lot might consider as being against international best practices and

    certain conventions of the United Nations.

    “We will discuss this extensively with the Attorney General tomorrow

    and we have invited those individuals and companies to appear and they

    have not done so.

    “We might proceed to issue formal summon to Sterling Exploration and

    Sterling Oil and the owners of the sterling group if at the end of

    tomorrow, they don’t appear before this Committee”.

  • FEC approves N226b, $592m for power projects

    FEC approves N226b, $592m for power projects

    • Approves new policy for multipurpose NIN, debit cards,
    • Publication of compendium of Nigerian laws

    The Federal Executive Council (FEC) has approved contracts worth N226 billion and $592 million to ramp up power supply in various parts of the country.

    This was made known yesterday by the Minister of Power, Abubakar Aliyu, after the valedictory Council meeting presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja.

    Aliyu said the contracts were spread across communities across the country, including Potiskum in Yobe State, Daura in Katsina State, Sapade in Ogun State and Benin in Edo State, among others. 

    “Council approved award of contract for the engineering procurement, construction and financing on the implementation of 330 KV and 132 kV line transmission lines and 33 KV, 11 KV and 400 PE distribution line project under phase 1 of the Presidential Power Initiatives in favour of two contractors in the sum total of $581,629,355.93, inclusive of 7.5 per cent, at the prevailing exchange rate with a completion  period of 36 months.

    “The recipient companies for lot one, from DL from Benin and Enugu DISCOS, Messes SLD electric. Then, Lot DM 3 Abuja, Jos, Kano, Kaduna DISCOS, Messes China civil engineering construction cooperation totaling distance of around 13,000 kilometers for the two LOT and it has been graciously approved by council.

    “Council approved the award of contract for the construction of 750 kilowatt solar PV power plant at the headquarters of the where TCN is also situated in favor of Proserv Energy Services Limited in the sum of N1.6 billion inclusive of 7.5% VAT with completion period of six months.

    “Council also approved a routine maintenance for the Transmission Company of Nigeria. The council approved contract for the upgrading of the substation in Potiskum town in Yobe State with 132 power transformer.

    “It is an existing substation, which has been there for a very long time with only one transformer and it serves a lot of areas around Potiskum.

    It is the largest town in the state with a very huge population and is the hub for commerce and transportation. So, with this upgrade, Potiskum will become a hub for electricity transmission and distribution.

     “The other component of it is the line bringing additional line from Damaturu. Before now, the line is coming from Gombe, which is over 200 kilometers. It is a 132 single line coming into Potiskum to power the substation. So, having now 330 substitution in Damaturu, that makes it easier and more prudent to take electricity from from Damaturu to Potiskum over a distance of 120 kilometers. Because the longer you take the electricity on a 132 line, you get low quality of electricity.

    “So, with the 132 from Gombe single line and now this proposed one coming from Damaturu to Potiskum, you will have double circuit and with additional transformer of 132 cable, that is one by 60 MB. The second one on that memo is construction of two by 60 MVA and 132 line a transmission substation at Sapade in Ogun state and in favor of Messes VNK international technologists at the total cost of a foreign component $10.2 million and local component of N3.3 billion naira. The third one is the supply and installation of 33 KV substation equipment at Daura Emirate Katsina state, in favor of eases Power Deal Construction limited in the sum of N4 billion”, he said.

    Meanwhile, the Minister of Communications and Digital Economy, Professor Isa Pantami, said Council approved a memorandum from the National Identity Management Commission (NIMC), which will allow banks to produce debit cards that double as National Identity Cards.

    According to him, Nigerians can now request their commercial banks to provide them with a debit card, which can double as their National Identity Card at no extra cost than the normal fees charged for debit cards.

    “It is going to be a form of multipurpose card where it will serve as your national identity card on one hand and also your bank card on the other hand, either Mastercard, Visa or any other kind of card”, Pantami said.

    He further explained that “as in the NIMC Act 2007, section 27, what is mandatory for our citizens and legal residents is the acquiring of the National Identity Number, not the card. However, the card is optional. But many citizens, particularly those living in rural communities, always go to NIMC offices complaining that they need the card at hand, even though it’s optional.

    “To make it easier, NIMC last year, we introduced a smart ID card you can download from NIMC app. It is just a smart card. You don’t need to have it physically, but that is becoming difficult for our people living in rural communities”, he said.

    To ease the difficulty, Pantami said “NIMC has partnered with the Central Bank of Nigeria so citizens who are interested in having a card at hand can easily go to the relevant banks. The bank is permitted to print the card along with either Mastercard or Visa card. It is going to be a form of multipurpose card that will serve as your national identity card on one hand and also your bank card on the other. And based on the agreement, it is without any additional costs on our citizens.

    “So when you apply for a card at your bank, you can indicate that ‘I want this card to be multiple purpose where it will serve as my bank card and also my national identity card’. Both of them are going to be printed on the same card and it is going to serve the same purposes without any additional costs. So that memo has also been approved by the Federal Executive Council,” Pantami said.

    Also briefing, the Attorne- General of the Federation and Minister of Justice, Abubakar Malami, said Council approved the regularization of the Public Private Partnership arrangement between the Federal Ministry of Justice and Lexis of South Africa for the publication of the laws of the Federation of Nigeria.

    He said the contract was reviewed to accommodate technological development and as well as application and operation of the ICRC Act as it relates to public private partnership.

    Malami said council also approved the operationalization and deployment of federal government contracts administration system.

    He said it is a digitalized arrangement to ensure that the interest of the federal government was not compromised in the art of drafting contracts.

    The minister added that council approved the renewal of the implementation of public private partnership arrangement between the Federal Ministry of Justice and Messsrs Jeffreps Integrated Services Limited for the publishing and marketing of the Court of Appeal specialized law reports.

    “But this time around we are taking into consideration the new innovations with particular reference the public private partnership arrangement which has not been the tradition before. And then the ICRC Act, which has not been in existence, and new innovation associated with technology, to have them accommodated in the contract going forward.

    “Law reform is a compendium of the judgments of the Court of Appeal over time,” he added.

    Meanwhile, Minister of Women Affairs, Dame Pauline Tallen, said FEC approved Women Economic Empowerment (WEE) Policy to help get women into the mainstream of financial plans and to ensure that they were carried along in nation building.

    “The Federal Executive Council approved the WEE Policy. The WEE Policy is Women Economic Empowerment. It is policy dialogue that we’ve been working for over one year. We’ve transverse all around the country, to the 36 states, having dialogues with the private sector, rural dwellers, to find the best way to empower women and get them into the mainstream of nation building.

    “You’ll agree with me that women constitute over 50% of the population and the surest way to national development is to involve the total population of the country. If 50% of the population is neglected, it means the country cannot develop optimally, it’s like a country walking with one leg.

    “This has been a dream we’ve been pursuing and finally yesterday, Mr. President gave the stamp, it is a legacy that Mr. President is leaving behind by approving this Woman Economic Empowerment to help get women into the mainstream of financial plans to ensure that women are carried along in nation building”, she said.  

  • Between misadventure and ‘mis-hit’

    Between misadventure and ‘mis-hit’

    In every society, decency provides that the privacy of individuals be respected even when they are public officials. By virtue of public office, though, people forfeit some measure of their privacy because they invariably are role models. That is why it is incumbent on public officials to also go the extra mile to abide by the codes of societal morality; because when they affront those codes, they invite an invasion of what is left of the borders of their privacy. Things could be worse where they use public office as the very platform to affront communal morality.

    That would seem the case of the Minister of Primary, Secondary and Technical Education (EPST) in the Democratic Republic of Congo (DRC), Tony Mwaba Kazadi, and Deputy Minister for the same portfolio, Aminata Namasia, who got entangled in personal affairs beyond the business of government. Tony is said to have gotten Aminata into the family way and reportedly claimed it was an accident at work. Local reports said Tony and Aminata have had a love affair going for some while as they worked together at the DRC education ministry despite being respectively married. Reports didn’t indicate when Tony got into government, but Aminata was appointed deputy minister in the education ministry in April 2021.

    A local newspaper, The Street Journal, last weekend said a DRC journalist, Lungila John, exposed the affair on Twitter, prompting heavy criticism from fellow citizens who accused the two officials of reeking bad conduct and immorality. A tweeter, Archy Lema, was reported saying DRC was a country of shame, and that Aminata had no education to impart to any young lady in the country. Another citizen said if politicians like Tony and Aminata wanted to be addressed as “excellencies” or “honourables,” their conducts should be more excellent and honourable, especially as they are popular and wealthy unlike many other Congolese.

    Aminata was, however, cited fighting back on her Twitter page, saying outside of her official and public duties she has a life that must be respected by all – a right she claimed is guaranteed to all Congolese by their constitution. She further said she would not condone tarnishing her image because it could harm not only her commitments but also the reputation of her married male colleagues and their homes, adding: “On the eve of the electoral contests scheduled for December of this year, political detractors can attack my opinions and political actions rather than opting for practices tending to smear my person…This is a strictly private life that must be respected at the risk of undermining human dignity.”

    Aminata and Tony, like everybody else, has right to their privacy. But it’s ancient wisdom that people who live in glass houses do not throw stones.     

  • Parable of the cabbage and the rose 

    Parable of the cabbage and the rose 

    I have come by several jibes on idealism but the most provocative to date was Mecken’s slur that an idealist is one who concludes that a rose makes a better soup than a cabbage simply because it smells better.

    In essence, fragrant idealism thrives as Utopia. It wholly diminishes if unaccompanied by the preconditions essential to its actualisation.

    Without grit, the most radiant ideal dims to smut; flaming and curling, it sears with promise until it scalds the heart of the idealist, leaving him with a charred psyche.

    The best idealism is mined inside out, deep down in the trenches. It surpasses the splendour of pontification or a snobbish purge of the mind. Thus to attain actual relevance under the incoming dispensation, the Nigerian idealist must descend from his arrogant perch and hop into primaeval mud.

    Torrid idealism, alone, could never demolish the castle gates of malfeasance ingrained in the Nigerian psyche. Our multiplex of corruption is celebrated and worshipped by several raptorial divides.

    The Nigerian public office is not for the faint-hearted; treasury looters, paedophiles, rapists, advance-fee fraudsters, ex-convicts, and thugs vie for public office – often against the patriot.

    All is fair in pursuit of power thus politicians sponsor carnage and hate speech in pursuit of public office. At their victory or defeat, they recruit all shades of characters – intellectuals inclusive – to condemn their defeat or celebrate their victory.

    To such end, a few privileged idealists assume the role of courtiers; to validate power in unworthy hands, they create a pseudo-reality plausible enough to redefine truth and distort facts. It is instructive, for instance, that a good many of them are still egging on Labour Party’s ‘obidients’ that Peter Obi is set to grab power through the trapdoor of the electoral court, even though he came a distant third to the winner of the February 25 election, President-elect Bola Ahmed Tinubu.

    Outside the corridors of power, they plot pseudo-events and pretend to speak for the people. They claim to work for the country’s good but they are performers whose chief intent is to make money. Conflict is their treasure trove. Call them political profiteers or merchants of misery.

    In the corridors of power, they shamelessly parrot official propaganda, polluting public discourse with sycophancy, and doublespeak, among other behavioural toxins. 

    Government and corporations allow courtiers into their inner circles imbuing them with instant celebrity but as Saul points out, no class of courtiers, from the eunuchs behind Manchus in the 19th century to the Baghdad caliphs of the Abbasid caliphate, has ever transformed into a responsible and socially productive class.

    Courtiers are, ultimately, political degenerates. They are intellectual hooligans committing the violence of pretence against Nigeria and her people. When they claim to be pro-citizenry, they carry on like “political hobbyists,” often lending their ‘voices’ to front-burner issues, and sponsoring hashtags to attain clout.

    There is little difference between them and the proverbial fawning page, who plays smooth flatterer and thug to both the government and citizenry-herd, twisting and turning with changing circumstances.

    They are deucedly reactive, a spectacle of submission and ideological sodomy, their words and deeds boom as a cloying mime of irate mobs, corrupt politicians, and corporations’ reprobate wiles.

    Eitan Hersh, Associate professor of political science at Tufts University identifies courtiers as “political hobbyists,” and highlights their perfect contrast in the person and politics of Querys Martias. The Dominican immigrant, resident in Haverhill, United States, presents a rare exemplar to supposedly educated eggheads.

    For Matias, politics isn’t just a hobby. In her day job, she is a bus monitor for a special-needs school. In her evenings, she amasses power. By leading a group called the Latino Coalition (LC) in Haverhill, she unites the Dominicans, Puerto Ricans, and Central Americans who together make up about 20 per cent of Haverhill. The coalition gets out the vote during elections, but it does much more than that, notes Hersh.

    The coalition once met with the Haverhill representative in Congress and asked for regular, Spanish-speaking office hours for its community. It advocates for immigration reform and federal assistance in affordable housing. The coalition has also met with the mayor, the school superintendent, and the police department requesting more Latinos in city jobs and on city boards.

    Matias’ political participation is strategic; the 65-year-old influences governance to the benefit of her community. Under her leadership, the coalition operates with discipline, combining electoral strategies with policy advocacy under her leadership.

    Unlike Matias, Nigeria’s college-educated intellectuals personify Hersh’s political hobbyist stereotype. They are disproportionately educated, flaunting several awards, titles, and postgraduate degrees.

    They espouse politics of the soapbox; a wanton game in which they debate Nigeria’s big issues on abstract merits – often mouthing off their “superior” logic or sounding off for clout in social space, at events sponsored by meddlesome foreign consulates or on government-sponsored think tanks.

    Their assemblage thrives on pseudo-realism, their ability to propound and market spurious experience. In reality, they are toxic to politics and harmful to the country. 

    Nigeria would do better if her eggheads redirected political energy to serve the people. For instance, they could start at the grassroots, where government presence is non-existent. 

    To re-establish relevance and repair integrity, Nigeria’s idealists, revolutionary heroes, youth leaders, or whatever other labels they answer to, must detach from ideological voyeurism and fault-finding – a tactic of assault and defence that eventually becomes their nemesis and tomb.

    They must seek to empower people. For so long, they have united to market cunning and rhetoric, for and against selfish segments of the political class; it’s about time they united in the interest of the electorate.

    Grassroots politics thrives on empowerment; helping imperilled peasant farming communities defeat desert encroachment, insecurity, and flooding; improving fringe communities’ access to health care, electricity, and good roads, and provision of soft loans to unemployed youths, SMEs, and agricultural start-ups – all these can be championed and facilitated by the social critic and idealist. The latter would foster societal progress in no small measure by championing such initiatives and drawing attention to the plight of society’s underprivileged.

    These could be achieved by influencing real political power. Nigeria’s eggheads could seek collaboration in modest and large organisations to meet the immediate and long-term needs of the people. Then, when an election dawns, the community would show up. Call it dividends of their investment in the people’s emotional bank account.

    Some would call it strategic citizenship. It’s pragmatic, humane, and real politics. It’s the kind of engagement that public intellectuals must perform to give substance to their professed clout.

    And it’s precisely the kind of politicking that helps the electorate shun the tokens and humiliating food packs, often handed out by the political class in exchange for their votes, at election time.

    If we humanely engage with the people, we might attain noble repute with the grassroots and the grudging respect of the political class. We might assume a prideful place in the pantheon of Nigeria’s finest patriots and statesmen.

    True, fancy repute and ghostly online clout may earn us money in the short run but we shall lose it all in the long run to the same system that taught us to be soulless hobbyists.

    We have used fiery intellect and the soapbox as mirrors to reflect society’s hypocrisy, moral corruption, and injustice.

    It’s about time we walked our talk in the interest of Nigeria and the populace

  • ‘Why Senate president must be a southern Christian’

    ‘Why Senate president must be a southern Christian’

    Senate president must be a southern Christian because Muslim/Muslim ticket, which produced the president-elect and vice president-elect must be balanced out, Deputy Speaker of Lagos State House of Assembly, Wasiu -Eshinlokun-Sanni, has said.

    Eshinlokun-Sanni, senator-elect for Lagos Central, spoke to reporters at his office.

    He said picking a Senate president from South would prevent a situation where the president, vice president, Senate president and Speaker of House of Representatives would be Muslims.

    “Same faith ticket of Tinubu and Shettima created a situation where the president and vice president are Muslims. There have been calls for All Progressives Congress (APC) to ensure religious balance in choosing National Assembly officers.

    “And for the 10th Assembly, I believe the party should play a prominent role because many factors must be considered. The Senate president must come from South and must be a Christian. The noise about Muslim/Muslim ticket must be nipped in the bud.

    “As we speak, three senators are qualified for the job – Godswill Akpabio, Orji Kalu and Osita Izunazo. Even then, each aspirant will be considered based on their region’s contributions to the party’s electoral success.

    “The Northcentral has a right to complain, but there are other positions they can take. The government and the party will have to find some positions to give them. It is not a rocket science.”