Author: The Nation

  • Govt urged to provide jobs for youths

    Govt urged to provide jobs for youths

    Our Reporter

     

    THE District 404B1 Governor of International Association of Lions Clubs, Mrs. Lynda Odunmbaku, has urged the government to provide jobs and social amenities for the citizens, especially young graduates, to reduce the level of poverty.

    She lamented that youths still depend on their parents, years after graduation.

    Lion Odunmbaku said it was time for the government to invest in agriculture by supporting farmers with loans, to boost food production and provide employment, in order to reduce poverty.

    She spoke while donating foodstuffs and other relief packages to the less-privileged as part of the agenda set in line with the District 404B1 Lions Clubs objectives.

    The event tagged: “Feeding the hungers”, was held at the secretariat of Ipaja/Ayobo Local Council Development Area (LCDA) in Lagos State in line with COVID-19 guidelines.

    Aged men, women, widows, widowers and other less-privileged people benefitted from the exercise, which is one of the adopted yearly projects of the largest family in humanitarian service providers as a way of giving back and showing love to the needy.

    Read Also: PDP factions, Ebonyi Govt bicker over secretariat

    Odunmbaku thanked members of the district for supporting her.

    The Committee Chairperson, Feeding the Hungers Project, Lion Rasheedat Usman, advised the government to tackle poverty, hunger and crime through youth employment.

    According to her, the government should encourage entrepreneurship among youths.

    The Chairman of Ipaja/Ayobo LCDA, Mr. Yusuf Adisa, thanked the club for choosing the LCDA as its point of contact.

    He assured it of his administration’s commitment to easing the burden of the less-privileged.

    Adisa hailed the club for supporting the government in alleviating the sufferings of the people.

    The chairman, who was honoured a month ago by the Lions Club of Ipaja, with the prestigious Leadership Award for Service to Humanity, promised that his administration would continue to be responsive to the yearnings of Ayobo Ipaja residents.

    He donated an undisclosed amount as an honorary member of the club to support its intervention programmes.

  • Firm unveils carbon inverter batteries

    Firm unveils carbon inverter batteries

    Our Reporter

     

    A MANUFACTURER of inverters, batteries and solar solutions, Genus Innovation Ltd, and the exclusive distributors of Genus in Nigeria, Simba Industries, yesterday launched a carbon technology-based tubular battery for inverters.

    The heavy-duty battery was developed by Genus’ in-house research and development team to meet the power and usage conditions of countries like Nigeria.

    Mr Sandeep Sharma of Simba Industries said: “Genus is best known as the pre-eminent innovator in the inverter space, and was the first company in India – the biggest inverter market – to design and popularise the Sine Wave Inverter which has come to be the industry standard here in Nigeria.

    “Using patented carbon-based technologies and nano-materials to ensure that the battery plates are more resistant against charging current while allowing a greater depth-of-discharge and more charge cycles, Genus has achieved the trifecta – a battery that charges faster lasts longs and performs better.”

    Read Also: Police confirm abduction, killing of Taraba LG boss, nephew

    The firm said the innovations and technical developments enabled it to offer an industry-leading 24-month warranty on the batteries from this year.

    It added that Genus batteries are available through Simba’s extensive network of dealers nationwide.

    Simba Group, founded in Nigeria in 1988, is a conglomerate with operations across Nigeria’s most dynamic economic sectors.

     

  • Fast-tracking entrepreneurship

    Fast-tracking entrepreneurship

    Despite the coronavirus pandemic, the Nigeria’s entrepreneurship witnessed growth last year with the rise of new start-ups and fresh entrepreneurs, DANIEL ESSIET looks at the outlook of the sub sector in the year.

     

    SOME entrepreneurs will play a key role in the year providing young people with access to employment and micro-business opportunities in Nigeria. One of them is the Chief Executive, One Kiosk Adeshina Adewumi. An entrepreneur who has built many businesses from the scratch, he is a consultant to many start-ups.

    An online platform, One Kiosk connects store owners with customers based on their location. The company, which started in 2019, targets merchants range from informal retail players to medium-scale supermarkets. The system has been able to grow revenue for merchants and then capture their sales data to make them eligible for credit.

    Chief Executive Officer, TalentQL, Adewale Yusuf, has over 10 years’ experience in visual storytelling through photography and technology. He started as Publisher, Techpoint.africa, a media platform dedicated to startups, entrepreneurship, innovation, and technology in Africa.

    Lagos has a bubbling tech ecosystem with the majority of the country’s most innovative startups having a presence in it. The Centre of Excellence has the highest paid developers. TalentQL is ensuring that it breeds tech talents that live outside Lagos.

    Yusuf enlisted the help of co-founder of cloud-hosting company, Whogohost; and Jobberman, one of Africa’s largest online recruitment firms and Sultan Akintunde to build TalentQL.

    Akintunde is the founder of the non-profit tech accelerator, DevCareer, which pools funds to buy laptops for up-and-coming developers and guide them on a path to proficiency. For now, the company’s focus is on engineering talent, but with time, it will expand into other areas like design and content.

    Before he left,Techpoint.africa added an academy, coaching business owners to help them on how to grow. He specialises in helping business to business (B2B) firms get more leads, clients and sales by leveraging his growth strategies.

    Yusuf said the demand for technology professionals such as software engineers and developers has been on the rise as the remote working model accelerated the adoption of digital technologies.

    Founder & Mum-in-Chief, Baby Grubz Seun Sangoleye, is an entrepreneur to watch. She is an experienced nutrition educator and manufacturer of packaged infant meals and snacks made from grains, fruits and vegetables called Baby Grubz Nigeria ®, a social enterprise based in Lagos, with operations in Ghana and Togo. She creates income opportunities for women.

    Last year, she won first place in the Global Scaling Up Nutrition (SUN) pitch. Founded by Seun in 2013, Baby Grubz processes cereals for children under five. With a wide product variety range, including ground brown rice cereal, banana and dates, sweet potato cereal, Baby Grubz works with over 300 women across the country.

    The founder and Chief Executive, Chanja Datti, a waste collection and recycling social enterprise company based in Abuja, Olufunto Boroffice is an entrepreneur who is ready to make a difference.

    Since the company’s establishment, it has been responsible for diverting three million kg of recyclable waste from landfills in the Abuja metropolis. They have been able to do this by creating 200 green jobs and expanded their manufacturing capabilities, allowing them to recycle 10 tons of plastic film monthly into recycled resins for production of recycled poly bags and construction materials.

    Olufunto holds a Masters in Financial Management from Pace University’s Lubin School of Business in New York and a Bachelor of Accounting and Finance from Northeastern University in Boston where she graduated cum laude.

    Founder of Hotels.NG, Mark Essien, has established many businesses. Hotels.NG serves hotels and customers across the country with plans to expand across Africa.

    Iyinoluwa Aboyeji is the co-founder of Andela. A former managing director of Flutterwave, a business building payments technology and infrastructure to connect Africa to the global economy, he is passionate about partnering missionary talent and capital to build an African future.

    Aboyeji, a 2016 Quartz Africa Innovator, is up to something.

  • Driving digital inclusivity for growth

    Driving digital inclusivity for growth

    About two decades after the famous telecoms revolution, no fewer than 114 access gap clusters still exist in the telecoms industry. While closing this gap will open potential revenue source for the Federal Government, it is also be an investment opportunity for mobile network operators. LUCAS AJANAKU writes on the daunting challenges ahead.

     

    THE findings of the International Telecommunication Union (ITU) and United Nations Children Education Fund (UNICEF) are grim and astonishing.

    The report said at the height of nationwide lockdowns due to the COVID-19 pandemic, up to 1.6 billion children were affected by school closures, causing the largest mass disruption of education in modern history.Yet, even before schools shut their doors, one in five school-age children (three to 17 years old) was out of school, and even children in schools were not necessarily learning, with 617 million children and adolescents globally failing to reach minimum proficiency levels in reading and mathematics.

    To address these gaps, more than 90 per cent of the world’s education ministries have adopted some type of remote learning policy, and stakeholders have sought to “reimagine education” by harnessing technology.

    However, 2.2 billion – or two-thirds of children and young people aged 25 or less – do not have internet access at home, according to the How Many Children and Youth Have Internet Access at Home report, a joint effort by UNICEF and the ITU.

    Using the latest available household survey data, the report found significant inequities between countries, regions, wealth groups and urban-rural settings. For example, only five per cent of children and young people in West and Central Africa have internet access at home compared to the 33 per cent global average.

    Differences are starker yet between rich and poor countries, with only six per cent of children and young people in low-income countries having internet access compared to 87 per cent in high-income countries.

    Significantly expanding access to telecoms services and internet access is vital for ensuring that children and youths learn and acquire the knowledge and skills they need to support a sustainable future, the global bodies said.

    In Nigeria, the Nigerian Communications Commission (NCC) Executive Vice Chairman/Chief Executive Officer(CEO), Prof Garba Dambatta, said access gap clusters in the country have been reduced from 217 to 114 enabling 15 million people to have access to telecoms services.

    Through the Universal Service Provision Fund (USPF), a special purpose vehicle mandated by law to promote the widespread availability and usage of network services and applications services throughout the country by providing funding through subsidies and grants for the provision of network facilities and network services as well as application services to rural, unserved and underserved areas or to underserved groups within an institution or a community, access gaps are bridged.

    The Federal Government had unveiled the National Broadband Plan (2020 -2025) with ambitious targets, the National Digital Economy Policy and Strategy (2020-2030) while the NCC unveiled the Strategic Management Plan (2020 – 2024). This is in recognition of the tremendous growth opportunities afforded by the deployment of broadband and its associated technologies. But how does the Commission intend to provide universal access to the whole country?

    “In order to strategically coordinate and align resources and actions to better achieve the mandate of the commission and facilitate the emergence of a knowledge based economy in Nigeria, we developed a strategic vision plan (SVP) 2015 – 2020, premised on eight pillars referred to as the Eight-Point Agenda,” Dambatta said.

    He said broadband penetration increased from six per cent (2015) to 45.07 per cent (Nov 2020) while optic fibre cable (OFC) transmission cables increased from 47,000 km to 54,725 km. Similarly, VSAT Gateway Earth Stations were licensed to provide broadband capacity – MTN (three), MainOne (two) and Viasat (two).

    Already, six infrastructure companies (InFraCos) have been licensed to add  38,296 km of OFC to the transmission infrastructure.

    It is also re-planning the 800 megahertz (MHz) Code Division Multiple Access (CDMA); re-farming part of 1800MHz; administrative assignment of 700MHz; 2.6gigahertz (GHz). 14 slots has already been auctioned with six won by MTN, Airtel (four) and Open Sky (two).

    Hurdles to inclusivity

    Multiple taxation/regulation, right of way (RoW), power supply, damage to telecoms infrastructure during road construction, wilful vandalism and insecurity

    Dambatta said these had been major challenges bedeviling the industry. It has affected the deployment of infrastructure and the expansion of telecoms services. However, the Commission is engaging with relevant authorities to harmonise these taxes and regulations.

    The improvement of power supply to the sites of MNOs will have the dual e ffect of reducing operating costs and improving QoS delivery.

    He said efforts at harmonising  RoW charges via engagement with the Ministry of Communications and Digital Economy and the Nigeria Governors Forum (NGF) has led to the adoption of a maximum of N145/m RoW fees in Kaduna, Katsina, Imo, Ekiti, Kwara and Plateau states.

    The high RoW charges across different states of the federation have negatively impacted the required expansion and rollout of OFC across the country. Harmonisation of charges will increase investment and expansion of critical transmission infrastructure.

    On vandalism, he said the passage of the Critical National Infrastructure (CNI) Bill will classify telecoms infrastructure across the  country as critical national assets. “This will improve the security of the infrastructure. Construction of roads with fibre optic ducts pre-laid will also reduce incidence of vandalism and theft,” he said.

    On national security, he said one of the key objectives of the Commission as enunciated in the NCA 2003 is to promote and safeguard national interests, safety and security.

    “Therefore, the Commission is facilitating the provision of industry field data to Law Enforcement Agencies (LEAs) on quarterly basis, to aid geo-location capabilities and investigations of telecoms related activities.

    “NCC is collaborating with National Identity Management Commission (NIMC) on integration of SIM registration with its database – To this end we’ve issued direction on suspension of SIM registration in December, 2020,” he explained.

    Another is providing porting statistics from the Mobile Number Portability (MNP) management records via the MNOs Clearing House.

    The Emergency Communications Centre (ECC) for reporting of emergencies using the toll-free line number 112.

    The Commission has positioned itself in Government drive for a digital Nigeria, as contained in the Nigerian National Broadband Plan (2020 -2025), the National Digital Economy Policy and Strategy (2020 -2030) and the Strategic Management Plan (2020 – 2024) of the Commission. This is in recognition of the tremendous economic growth opportunities afforded by the deployment of broadband and its associated technologies

    The Commission will continue to put in its best in the discharge of its mandates, especially in facilitating the deployment of broadband, which is central to diversifying the Nigerian economy and national development.

    “Also, it is our belief that the communications industry, under the leadership of the Ministry of Communications and Digital Economy, will experience more quantum leaps and retain its current leadership role in the telecoms space,” he said.

     

  • ‘Digital platforms provide survival skills’

    ‘Digital platforms provide survival skills’

    Lucas Ajanaku

     

    THE Head, United Kingdom Government’s Digital Access Programme and Country Adviser, Idongesit Udoh,  has said COVID-19 has shown that digital skills is a must have for people to survive in this age.

    Speaking at the signing of a training programme deal between Technology for Social Change and Development Initiative (Tech4Dev) and the Foreign Commonwealth and Development Office (FCDO) in Lagos designed to carry out Basic Digital Literacy for Rural Clusters in Northern Nigeria, he said people who don’t have digital skills have been excluded, adding that it will build survival resilience to this pandemic and future pandemic.  He described digital skills as sustainable skills for survival.

    The programme is meant to introduce learners in underserved communities and vulnerable groups in the northern part of the country to digital literacy, with the intent of equipping them with the basic digital knowledge required to succeed in the 21st-century and the emerging new normal from the COVID19 pandemic.

    The Basic Digital Literacy for Rural Clusters in Northern Nigeria programme aligns with the Sustainable Development Goals (SDGs) 1, 4 & 10 (no poverty, quality education and reduced inequalities). By investing in digital literacy for vulnerable people living in rural clusters in Northern Nigeria, allows for the reduction in the poverty index by increasing employability of the beneficiaries and closing the digital skills gap of needed in the digital economy.

    He said: “Nigeria’s National Broadband Plan, Nigeria’s Economic Sustainability Plan as well as Nigeria’s Digital Economy Strategy have identified digital skills as key to economic prosperity for all Nigerians. With COVID19, digital literacy has become a must-have. Hence, the UK Government is once again demonstrating timely support not only for Nigeria’s inclusive economic development but also in building effective COVID-19-related resilience. This project is already helping to close the digital divide, enable inclusive digital access and build communities’ resilience to current and future pandemics.”

    He said the initiative was designed to directly impact 1,000 beneficiaries, over a 12-week period in 10 rural clusters, across 10 states in the north. It is also targeting 50 per cent of the beneficiaries to be vulnerable women and girls (aged between eight and 18; 45-65), 30 per cent being persons with disabilities (PWDs) and 20 per cent individuals of other vulnerable groups.

    Also speaking at the virtual media briefing, Executive Director at Tech4Dev, Diwura Oladepo,  stressed the need to increase the number of digital literate vulnerable populations and people living in underserved communities in Northern Nigeria.

    She said: “It has become pertinent, especially on the path of the new normal, to focus on digital literacy allowing vulnerable populations to leverage technology for commerce, education, communication, improve their socio-economic recovery, pandemic resilience, and build a more prosperous future.”

     

     

  • Fidelity Bank hosts capacity building for SMEs

    Fidelity Bank hosts capacity building for SMEs

    By Collins Nweze

     

    FIDELITY Bank Plc is set to organise a national capacity building webinar for small medium enterprises (SMEs) in the country.

    The programme is part of deliberate efforts to assist entrepreneurs across all sectors of the Nigerian economy develop requisite capacity to unlock their full potentials and take their businesses to the next level of growth.

    Targeted specifically at existing businesses operating in critical sectors of the economy including trade and commerce, manufacturing, hospitality, education, entertainment, transportation and agriculture, these virtual sessions will take place across the country on a state-by-state basis, with the maiden edition slated for Enugu State on January 27, 2021.

    The Enugu event is organised in collaboration with the Enugu State Ministry of Trade and Commerce and the Enugu SME Centre; Small and Medium Enterprises Development Agency of Nigeria (SMEDAN); Nigeria Association of Small & Medium Enterprises (NASME) and Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA).

    Read Also: Fidelity Bank closes bid for N75b bond

    Themed “Funding and Financial Management”, the Enugu Edition will have in attendance special guests including Mrs. Monica Ugwuanyi, First Lady, Enugu State, Sir Robert  Anwatu, Managing Director, Roban Stores, and Mr. Chiedozie Atuegwu, Director, Michelle Laboratories Limited.

    Speaking on the event, Fidelity CEO, Mrs. Nneka Onyeali-Ikpe said the programme underscores the bank’s long-running support for the growth of small businesses which stems from its  recognition of MSMEs as critical agents of economic development and transformation in Nigeria and the world at large.

    According to Onyeali-Ikpe, the session aims at providing practical information, skills, and resources to help entrepreneurs become better managers of their businesses. The bank has embarked on virtual SME-based events to adhere to the social distancing guideline essential to promoting the safety of every participant in view of the COVID-19 pandemic.

     

  • Stockbrokers set up committee to strengthen ethics

    Stockbrokers set up committee to strengthen ethics

    Our Reporter

     

    THE Chattered Institute of Stockbrokers (CIS) has commenced moves to review its Code of Ethics and Standard of Professional Conduct to strengthen members’ professional practice, enhance their relationship with investors and restore confidence in the market.

    The institute has set up a committee to review the existing code of ethics which has been operational for 10 years . The committee members will also update the code of ethics in line with the  present realities in the global financial market.

    The committee is chaired by former president of CIS and leading investment banker, Mr. Ariyo Olushekun.  Mr. Jude Chiemeka is the vice chairman while Mr. Adedeji Ajadi, Chief Executive Officer and Registrar of CIS, is the secretary. Other members included Alhaji Isayku Tilde, Prof. Helen Andow,  Dr. Tayo Bello,  Mr. Mai Moustapha Muhammed  and Mr. Olasunkanmi Iranloye.

    President, Chartered Institute of Stockbrokers (CIS), Mr Olatunde Amolegbe, urged members of the committee to leverage  their education, experience and professional  approach to produce better and current ethical codes for the institute.

    Read Also: Stockbrokers to begin trading on FMDQ

    According to him, the institute has  rules that guide the conduct of our members and their relationship with the clients.

    He explained that the committee would review the code of conducts and ethics in line with the Institute’s business which is solely guided by integrity.

    He said the committee has been asked to play a major role in the development of the capital market, noting that the outcome of the activities of the committee in particular will go a long way in restoring investors’ confidence in the market.

    He said stockbrokers need to be guided, especially in the aspects of the code of ethics and standard of operations because they will be judged by the ethical standard of their operations.

    “ We realise  that things are changing and new events are arising. This requires that some of these programmes are looked for necessary changes.  The present code of ethics was instituted about ten years ago. Our hope is that the committee will be able to bring those Codes to the 21st Century for us and our members to keep on with.

     

  • Dangote Cement reaffirms commitment to shareholders’ value

    Dangote Cement reaffirms commitment to shareholders’ value

    Our Reporter

     

    AFRICA’s largest cement producer, Dangote Cement Plc , has restated its commitment to maximizing shareholders’ value as it continues to maintain financial discipline and liquidity.

    Reacting to the award of AA+(NG) and A1+(NG) ratings from Global Credit Ratings(GCR), Dangote Cement stated that the rating was a confirmation of the strength of the company.

    In its report, GCR affirmed the long-term and short-term national scale issuer ratings of AA+ (NG) and A1+(NG) respectively, assigned to Dangote Cement, as well as with the outlook accorded as Stable. In addition, the cement firm’s N100 billion Series 1 Fixed Rate Bond has been assigned AA+.

    Chief Executive Officer, Dangote Cement Plc, Michel Puchercos said the rating signified that Dangote Cement’s credit profile and liquidity is very strong, with low risk of default.

    According to him, the rating accorded to Dangote Cement is an investment grade rating, signifying that it is an attractive investment vehicle.

    “Dangote Cement has shown great resilience in 2020 despite the COVID-19 pandemic and a challenging environment. The Group continues to report strong cash generation while maintaining strong financial discipline. As Africa’s leading cement producer, we are committed to maximising shareholder value creation,” Puchercos said.

    Dangote Cement  had in 2020  announced the successful issuance of N100 billion Series 1 Fixed Rate Senior Unsecured Bonds due April 2025 under the Company’s B300 billion bond programme. The transaction was 1.5 times oversubscribed and represents Dangote Cement’s debut bond issuance in the debt capital markets.

    Book building with respect to the issuance commenced on 3 April 2020 following approval from the Securities and Exchange Commission and closed on 15 April 2020 at a coupon rate of 12.50 percent.

    Despite market headwinds due to the COVID-19 pandemic, the transaction was extremely well received and attracted significant demand from a wide range of high-quality investors including domestic pension funds, asset managers, insurance companies, banks and international fund managers. The total order book amounted to 155 billion.

    Read Also: When Aziza Dangote quit spinsterhood

    The transaction represented the largest corporate bond issuance in Nigeria’s debt capital markets as at time of issue, reflecting Dangote Cement’s strong credit quality as well as the resilience of the Nigerian debt capital market despite current global challenges.

    The transaction enabled the company to lower its average cost of debt and extend the average maturity of its debt. Dangote Cement intends to use the net proceeds of the offering to refinance existing short-term debt previously applied towards cement expansion projects, working capital and general corporate purposes.

    Dangote Cement is Africa’s leading cement producer with nearly 48.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 32.25Mta in its home market, Nigeria. Its Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta and Gboko plant in Benue state has 4Mta.

    In addition,  Dangote Cement has operations in Cameroon, 1.5Mta clinker grinding; Congo, 1.5Mta;  Ghana, 1.5Mta import; Ethiopia, 2.5Mta; Senegal, 1.5Mta; Sierra Leone, 0.5Mta import; South Africa, 2.8Mta; Tanzania, 3.0Mta and Zambia, with 1.5Mta

  • To Bokkos with counter-salvo

    To Bokkos with counter-salvo

    Hardball

     

    IN Plateau State University (PLASU) at Bokkos, the lecturers lined together behind the artillery and launched a series of attacks at the state governor, Simon Lalong, and the government. One of such was that the governor had no infrastructure work on campus. They also asserted that the ongoing activities in the name of government work belonged only to TETFUND, also known as Tertiary Education Fund.

    The PLASU artillery was still emitting smoke when the government officials led by the governor drove to the campus, and rallied his own. Some might call his counter-punch a surgical strike. Surgical strikes have no time for superfluity. They prize precision over waste. It is an economy of destruction.  As the field commander, Governor Lalong fired back his own cannon in fury.

    He said the impression the lecturers gave was that he was a mere sitting duck of tertiary development as governor in the working of the university, and he needed to clear the matter and let the smoke and dust settle. If they said he had not done any roads, what was their answer to the 13-kilometre dual-carriage way within the campus? Is it ghosts that ride it, or the vehicles of the same brilliant minds who teach and research on that soil?

    Or shall they ponder the 27-kilometre street lights that beam under the Bokkos heavens and preside luminously over their buildings and verdure? Lamps don’t lie, neither do the blind not see the illuminations that separate them from the saturnine sprawl outside the campus.

    Or will anyone deny that Lalong released N279 million to ac credit 14 programmes in the school? Accreditation is the life and blood of any programme. Not to accredit is not to stand as a faculty or department. So the PLASU artillery launchers should give credit to whom it is due. Three new faculties have also been approved on his watch, and they are law, health sciences and agriculture.

    Who would say that the work on the College of Health Sciences is not whirring ahead with the construction of the Teaching Hospital in Shendam?

    If they say some other projects and a few of these have a TETFUND component, the state will reply that it was the influence of the state chief executive that brought those gems to the campus. So, they should learn to put grievances where they should be. For sure, they need allowances, and the governor has set up a seven-man committee to look into all grievances.

    The resort to strike is a constitutionally guaranteed right, and the lectures are entitled to their rage, but not to anyone’s lies.

    So, it is to Bokkos with salvos and counter-salvos. Whatever the state of war, the lecturers should know that the floor beneath the elephants is a stretch of students whose time is being killed by pettifogging brawls. After the war-war, a jaw-jaw must follow, as has always been the case.

  • Members’ welfare is our priority, says EBF

    Members’ welfare is our priority, says EBF

    By Robert Egbe

     

    THE Eastern Bar Forum (EBF) yesterday said it had modified its priority from advancing its members’ political goals to catering for their welfare.

    It urged its members and branches to fulfill their financial obligations for this year, so as to empower the association to meet their needs.

    EBF Governor, S. Long Williams, stated this in an open letter to all its members and branches yesterday.

    Williams explained that each EBF member is to pay 50 per cent of his Bar Practice fees, while each branch is to pay N10, 000 as annual dues.

    Touting the advantages of membership of the forum, Williams said unlike in the past when the EBF was more of a political pressure group, it had now placed priority on members’ welfare, in line with the new provisions of its amended constitution.

    Williams said: “The Eastern Bar Forum is not what it used to be anymore. With the successful amendment of the EBF Constitution, the narrative has altered drastically.

    “Days are gone when the EBF was perceived only as purely a political machinery to achieve the political goals of its members. The constitution has been amended to include issues of welfare of members amongst others as this, we believe, should be the primary goal of any organisation.

    “Also this year, 2021 is an election year in the EBF, to vote and be voted for, Branches and members must be up to date with the Annual Dues.

    “In that vein, I humbly urge all members and branches to ensure you fulfill the various financial obligations for the year 2021.”

    He explained that the annual dues is 50 per cent or half of Bar Practice Fees for individuals, while it is a flat rate of N10,000.00 for Branches.

    The payment schedule is as follows:

    50 per cent (half)of Bar Practicing Fees.

    1-4 Post Call – N2,500.00

    5-9 Post Call – N5,000.00

    10-14 years Post Call Call – N8,750.00

    15 years & above – N12,500.00

    SANS & Life Benchers – N25, 000.00

    Branch – N10,000.00