Author: The Nation

  • Imo seeks partnership at #StartupSouth5 Uyo

    By Lucas Ajanaku

     

    The Imo State Government is exploring possibilities to deepen broadband connectivity across the state.

    Its Commissioner for Technology Development, Nze Meekam Mgbenwelu stated this while speaking at the just-concluded #StartupSouth5 Conference in Uyo, Akwa Ibom State capital.

    He said the ministry would initiate moves to replicate what MainOne had done in Edo, Ogun and Lagos in his state.

    He reeled out what he described as ‘modest achievements’ of the current administration in Imo State to include – training of about 240 girls/women in coding (in partnership with Microsoft), training of over 5,000 Imolites in basic FinTech and the ongoing conversation with Google to make the state the Digital Economy capital in the Southeast.

    The theme of this year’s conference was: Unlocking the Next 60 Million People and it explored: Making Broadband Accessible & Affordable.

    In a keynote during the closing the ceremony of the weeklong event, MainOne’s CEO, Ms Funke Opeke highlighted the importance of broadband to economic development and stressed why governments across Nigeria should pay attention to enabling broadband across their domains.

    Quoting a World Bank report, she said: “10 per cent in broadband penetration would increase GDP per capita growth by 0.9- 1.5per cent.” She encouraged them to embrace creative approaches towards achieving the broadband goal while using her company’s deal with Lagos, Edo and Ogun states as an example. She further said  the states are happy to partner with the private sector to achieve their vision for a digitised economy.

    On why she attended the conference, Ms Opeke said: “A tree can’t make a forest. It is important for other states and regions in Nigeria to take advantage of the opportunities the digital economy provides because only then will Nigeria be able to maximise her true potential and attain assured prosperity for her citizens.”

    Earlier, in a speech to declare the conference open, the Commissioner for Science and Technology, Akwa Ibom State, Dr Iniobong Essien said that the Government of Dr Emmanuel Udom is interested in developing technology while industrialising the state.

     

    Also, in a keynote titled: Domesticating the Digital Economy,  Founding Partner, InfoGraphics, Mr Chinenenye Mba-Uzoukwu advised Southsouth and Southeast governors to pursue regional collaboration.

     

    Mba-Uzoukwu was a former Manager, West Africa, Microsoft, said this will help to open up the opportunities in the region.

     

    The 2019 edition of #StartupSouth conference featured over 100 speakers in 60 parallel sessions. The sessions covered six broad focus areas – Business, Technology, Lifestyle, Personal Development, Funding, Policy – which are geared towards providing participants with the requisite intelligence needed to drive their businesses.

    In his own remark during the ‘Doing Business in the South-South-East’ session, Sunkanmi Oriyomi, Regional Manager, South-South, at the Bank of Industry Ltd said that Startups can secure up to 10-million-naira a loan through the Bank of Industry, without collateral.

     

    Jay Alabraba, co-founder of Paga and an active angel investor, in his remarks during a fireside chat, advised startups to focus on solving real problems and they would always find support. He also said that Paga was very proud to sponsor #StartupSouth5 because of the importance of the project to the region and Nigeria as a whole.

     

    Reiterating Mr Yinka Ogunnubi’s call in an earlier keynote, Salami Abolore, the CEO of Riby – a Cobanking platform for cooperatives,  advised founders to explore Cooperative as an alternative source of funding stressing that there’s a lot of opportunity in the space that’s untapped.

    Read Also: Firm launches startup contest for students

     

    Also speaking, veteran Nollywood Actress Shan George urged Nigerians to believe in Nigerian doctors. She narrated how she went against popular advice and placed her fate in the hands of Nigerian doctors at Brain and Spine Surgery, Abuja during her bout with Lumbar Spondylosis.

     

    Dr Abiodun Ogubo, founder of Brain and Spine Surgery, Abuja and Dr Ubon Ekpene, Consultant Neurosurgeon, University of Uyo Teaching Hospital, in their separate speeches, lamented that Nigerians are making needless foreign medical trips (otherwise known as Medical tourism) for issues that can be handled by Nigerian Doctors in Nigeria.

     

    Other notable personalities that graced the event include Her Excellency, Barr (Mrs) Obioma Liyel Imoke, Wife of the Former Governor of Cross River State, veteran Cartoonist and Editor at BusinessDay – Mike Asuquo, Peace Anyiam-Osigwe – founder of Africa Film Academy and host of African Movie Awards – who spoke on “Unlocking the creative Goldmine in your Neighbourhood discussing opportunities in the movie and creative industry for young Nigerians in the region.

     

    Others are Engr. Edward Onwule Jnr., Senior Special Adviser to Abia State Governor on ICT, Ukinebo Dare, Senior Special Adviser to Edo State Governor on Job Creation, Chief Agu Ojukwu – CEO, Tiger Consulting, Chinenye Mba-Uzoukwu (who gave a keynote on Domesticating the Digital Economy), Mark Essien – Founder of Hotels.NG

     

    In a statement, Uche Aniche, the Convener of #StartupSouth called on founders in the region to see the Eleven States as their primary market noting that there are about 60 Million People. He opined that doing this will help them attract support to scale across Nigeria and ultimately, Africa and the World. He also called on State Governments in the region to embrace #StartupSouth Conference as a platform to engage not only the organised Private Sector but the youths to feel their pulse. He said that the next edition of #StartupSouth will hold in a City where the State Government is willing to partner with the project.

    The Conference saw a pitch by KR Foods – A palm oil processing startup led by Amajuoyi Ikechukwu Kingsley and GreenBox – a modular solar-inverter box for powering SMEs led by Innocent Unachukwu. KR Food won the Prize money of 150,000 Naira provided by Ibom LLC and currently undergoing talks with members of the SSE Angel Network for a possible investment. The two teams will benefit from WhogoHost’s hosting services as part of the Prize.

    The Conference was supported by Facebook, MainOne, Paga, Ventures Platform, Riby, Bank of Industry, Hotels.ng, Ibom Hotels & Golf Resort, Goge Africa, Yadel Communications, BellaNaija, ConnectNigeria, Signal Alliance, TechCircle and several others.

     

     

  • Stanbic IBTC launches @ease wallet

    Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled its @ease wallet, in line with its commitment to deepening financial inclusion and drive its digitilisation agenda.

    The product will provide a unique range of services to the informally served, the underbanked and the unbanked on various structured platforms with the last 10 digits of a phone number.

    Stanbic IBTC @ease wallet affords customers the opportunity to access banking services such as interbank transfers, debit card issuance and card less withdrawals from Automated Teller Machines (ATMs) or the Agent Network, amongst others. This reinforces Stanbic IBTC Bank’s drive to support the federal government to deepen financial inclusion and drive economic growth.

    However, customers can open a Stanbic IBTC @ease wallet through Unstructured Supplementary Service Data (USSD) application- *909#; Stanbic IBTC @ease App and Agent at any location nationwide.

    Executive Director, Personal and Business Banking, Stanbic IBTC Bank, Wole Adeniyi, said: “The Stanbic IBTC @ease wallet is a financial freedom vehicle for all Nigerians to access seamless financial services.”

     

    Read Also: CBN to sanction banks diverting agric loans to T-Bills

     

    This service is available to every Nigerian that can legally own a bank account. Following the product launch, there will be a series of Market and Campus Activations starting from  the Lagos International Trade Fair, where we will introduce an array of products to visitors and exhibitors at the fair.”

    “We recognise the daily complexities of living in a fast-paced digital society. Stanbic IBTC @ease Wallet covers a unique range of mobile financial transactions, it is intuitive and designed around the needs of the average Nigerian.”

     

  • FCMB Flexxtern winners get internship, others

    Another set of 30 young graduates is ready to gain first-hand work experience and employment opportunity in the corporate world, under the fourth First City Monument Bank (FCMB) internship programme and contest, tagged #FCMBFlexxtern.

    The participants, who are between 16 and 25, emerged victorious in an online contest organised by the bank as part of its youth engagement, capacity building and reward initiatives. This brings to 50, the number of winners produced by the #FCMBFlexxtern initiative since it was launched in 2016.

    The latest winners (Flexxterns) were inaugurated and presented with certificates at an event in Lagos.

    Each of them will get a three-month paid internship and career building experience with either FCMB or one of the organisations partnering with the bank on this capacity building initiative.

    The beneficiaries also stand a chance of being retained for full employment at the end of their respective internships.

    The event provided an opportunity to meet the Flexxterns and introduce them to the organisations they would respectively work with.

    Read Also: 12 banks to pay N499b CBN fine for loan policy breach

    At the event were representatives of the partner organisations, such as Insight Publicis, Terragon Group, Digiengage and TISV Digital.

    Other partners were 618 Bees, Lumenave, Sagerock & Associates, Vas2Net, School Kits Limited, Dmastermind and Wetherheads.

    FCMB’s Group Head, Corporate Affairs, Diran Olojo, expressed delight at the quality of entries received from contestants and the passion that youths demonstrate when given the right opportunity to positively express themselves.

    Also commenting, the Group Head, Consumer Liability and Segment Management of FCMB, Mr. Shamsideen Fashola, said the Bank recognises the role of youths in building, shaping and driving economic growth.

     

  • ‘How INEC can conduct credible polls in Kogi, Bayelsa’

    In this piece, Ayo Baje highlights the conditions that will guarantee free and fair governorship elections in Kogi and Bayelsa states on November 16.

     

    THE question on the lips of many observers ahead of the November 16 governorship elections in Kogi and Bayelsa states is how well and impartial the Independent National Electoral Commission (INEC) would be in its handling of the two contests. Less than two weeks to the elections, the major parties are intensifying their campaigns amidst fear of violence and rigging.

    From all indications, the contest in the two is likely to be a two-horse race between the candidates of the All Progressives Congress (APC) and the Peoples Democratic Party (PDP). For instance, in Kogi State, the incumbent Governor Yahaya Bello is the candidate of the APC, while Musa Wada of the flag bearer of the PDP. In Bayelsa, it is a straight fight between Lyon Pereworimini of the APC and Senator Diri Duoye of the PDP.

    In their campaigns, the two parties have been trading accusations bothering on alleged attempts at vote buying, arms build-up and threats of the use of political thugs to cow opponents. Such insinuations are not new; elections in recent times have been characterized by vote-buying and intimidation of political opponents. But, for democratic ethos to be sustained and indeed strengthened, observers believe the people’s votes must count.

    INEC has its statutory functions well spelt out in Section15, Part 1 of the Third Schedule of the 1999 Constitution (as amended). Same is also spelt out in Section 2 of the Electoral Act 2010. The subsisting laws empower INEC to conduct elections into elective political offices. These include executive offices such as that of the president, vice president, governors and their deputies. Also listed are elections into legislative offices such as the Senate and House of Representatives.

    Incidentally, Prof. Mahmoud Yakubu started his tenure as INEC chairman with the governorship elections in Kogi and Bayelsa, which were declared inconclusive. Following the feats achieved by his predecessor in office, Prof. Attahiru Jega, further improvements in the conduct of elections was expected from Prof. Yakubu. But, controversy has continued to dog some of the elections conducted under his watch. Thus, with the forthcoming governorship elections in Kogi and Bayelsa, the Yakubu-led INEC has the golden opportunity to redeem its image.

    For instance, INEC recently met with the top hierarchy of the Nigeria Police Force (NPF) and Nigeria Security and Civil Defence Corps (NSCDC), to map out strategies on how to ensure free and fair and peaceful elections in the two states. Both representatives of the NPF and the NSCDC, Kabir Quarzo and Peter Maigeri respectively, have given their assurance to that effect.

    Read Also: Kogi 2019: PDP campaign council demands CP’s removal

    Similarly, INEC has held its quarterly meeting with political parties to review their performances during the previous elections and to come up with strategies to deal with some challenges identified. Aside from the governorship election, a senatorial election is also scheduled to hold in Kogi West senatorial district, following the recent tribunal nullification of the election of Senator Dino Melaye. Prof. Yakubu said conducting the two polls at the same will help to reduce cost.

    After the INEC Chairman’s meeting with the Resident Electoral Commissioners in Bayelsa and Kogi, Monday Tom and James Apam, there have been assurances that the forthcoming elections will be hitch-free.

    Some political affairs analysts believe that under Jega there were some significant improvements. They cite the computerization of the electoral system, the coding of ballot papers, ballot boxes and polling units. Its conduct of governorship polls in Anambra, Ekiti and Osun states recorded increasingly fair elections. But it is not yet Uhuru.

    For instance, the often delayed updating of the voter register and the distribution of the much-needed permanent voter cards, PVC have been widely criticised. Still, some flaws persist.

    There is voter apathy, as was reported with evidence in several states during the recent general elections. Also, the way and manner candidates go about their smear campaigns, couched with outright insults and innuendoes, after signing peace pacts, leaves much to be desired. Mass voter education should be an on-going exercise.

    But the real concern is the refusal of President Muhammadu Buhari to sign the Electoral Amendment Bill into law. Without it, the wishes of the voters may not be fully expressed. Another critical issue is the desperation of politicians to win and hang on to power at all costs, not to serve the people but because of the mouth-watering apparatchiks of political office.

  • Quest for uniform exchange rate for ERGP

    Financial market leaders and real sector operators have called for uniform exchange rate regime in line with the Economic Recovery and Growth Plan (ERGP) demand. They insist that multiple exchange rate stalls growth and development, writes COLLINS NWEZE

     

    The Federal Government Economic Recovery and Growth Plan’s (ERGP’s) medium-term plan of 2017 to 2020 was designed to improve implementation of flexible foreign exchange (forex) rate regime.

    After three years, experts have assessed where the country is in its quest to full exchange rate unification as against the multiple exchange rate.

    The  Lagos Chamber of Commerce and Industry advised the Central Bank of Nigeria (CBN)  to discontinue the official exchange rate of N305 to $1.

    According to LCCI Director-General, Muda Yusuf, “The current multiplicity of rates is inimical to sustainable economic diversification. The official rate of N305 to the dollar should be discontinued. It gives a negative signal effect on investors. This would reduce the need and frequency of the CBN intervention in the forex market and inspire more confidence among the investing community. Current efforts at the unification of rates should be heightened.”

    Also, the International Monetary Fund (IMF) Nigeria Senior Resident Representative and Mission Chief, Amine Mati, insisted that in line with the ERGP, removal of forex restrictions and a full exchange rate unification would help keep the parallel market premium in a sustained manner. This would, ultimately, help Nigeria move towards a more diversified economy.

    For the Fund, the experience of other global economies demonstrates that countries with multiple exchange rates struggle to see their economic growth recover and unable to track economic progress following a recession. On average, countries with multiple exchange rates also experience higher inflation. With lowering inflation and boosting economic growth being the ERGP’s central points, unification of the exchange rate is necessary to bring major improvements.

    Also, Fitch Ratings had in its report entitled: “Nigeria’s Unconventional Policies Aggravate External Vulnerability”,  stated that the CBN’s attempt to boost economic activity, through the provision of incentives to banks’lending, has clashed with the goal of maintaining a stable exchange rate.

    The report argues that this is not good for the economy. Fitch said: “Tight management of domestic liquidity has been the key pillar of Nigeria’s exchange-rate policy in recent years. However, several recent measures to boost lending have contributed to a temporary loosening of domestic financing conditions. This has combined with falling oil prices and deteriorating investor sentiment towards emerging markets to put pressure on the naira.”

    Fitch noted that misaligned economic policy management was not good for the country. The moves to reconcile competing goals through unconventional macroeconomic management, with weaknesses in policy settings raising medium-term vulnerabilities to shocks. It is evident that the CBN and other key players in the financial sector need to urgently rethink their policies on Nigeria’s foreign exchange system.

    Multiple rate regimes are expected to be a stopgap towards the reversion of a stable unified exchange rate regime. Many financial analysts believe that monetary authorities in Nigeria have become too comfortable with the multiple exchange rate regime and subsequently have shown little enthusiasm towards unifying the multiple exchange rates.

    The Federal Government has plans for operational, regulatory and legislative interventions to move the country to the top 100 on the ease of doing business ranking.

    The IMF remains unyielding in its position that multiple currency practices are virtually non-existent in advanced economies and have been on a declining trend globally. Is it conceivable that practices which are non-existent in progressive economics globally should be driving Africa’s biggest economy? The IMF’s view is that Nigeria’s long-term economic potential will improve significantly with exchange rate unification as it removes distortions, provides greater clarity to economic operators and a more level playing field.

    It is evident that multiple stakeholders in the financial sector are seeking an immediate policy action towards a unified foreign exchange rate. It is believed that this will be most effective for Nigeria in the context of a comprehensive policy reform agenda.

    Besides, there is the need for policy change to unify exchange rates between the CBN and the open market to provide a resolution to the problems of multiple exchange rates. Also, the country can use the AfCFTA provisions to fix its exchange rate problems.

    “There is need for greater market determination and adoption of a single exchange rate for the naira. A unified exchange rate for Nigeria will impact its economy more positively than the multiple exchange rate regime does,” Mati said.

    Read Also: Emefiele defends forex restriction on 43 items

    The IMF’s policy has been consistent on this issue, such that, we advise for the unification of  exchange rates and the CBN and ERGP are already working in this direction to ensure that the country has a unified exchange rate.

    In the past, other countries have waited too long to reunify dual exchange rates, only to find that the delay has resulted in the divergence between rates becoming hard to manage, with Venezuela and Ghana as examples.

    The The African Continental Free Trade Agreement (AfCTA) has created a window of opportunity for Nigeria to end the multiple exchange-rate system. This should help promote international commerce and lift barriers to investment flows. Finally, it would most likely deepen international trade relations and improve Nigeria’s chance of reaching its growth rate potential.

    Countries with multiple exchange rate have lower growth and higher inflation. A more flexible exchange rate in a reform scenario in Nigeria could boost Gross Domestic Product in the medium term. Nigeria has Investors’ and Exporters Forex Window, CBN official rate, parallel market rate, Retail Secondary Market Intervention Sales (SMIS) and wholesale SMIS and these sniffle growth and raise inflation”.

    The AfCTA will benefit the country more if the Central Bank of Nigeria (CBN) adopts a single exchange rate for the naira, analysts have said.

    Former Executive Director, Keystone Bank Limited, Richard Obire said the multiple exchange rate regime in Nigeria has created price transparency challenge for the country.

    He said an opaque pricing regime challenges trade as businesses get foreign exchange at various rates and that gives some people competitive edge over others.

    According to him, there is the need for the apex bank to review the multiple exchange rate regime and give all players equal opportunity to thrive.

  • ‘Akeredolu cannot be pulled down’

    Prof. Olu Aboluwoye, Chairman, Sunshine Integrity Group (SIG), is a supporter of the All Progressives Congress (APC) in Ondo State. In this interview with DAMISI OJO, the university don says the detractors of Governor Rotimi Akeredolu (SAN) cannot stop his second term ambition.

     

    The recent interview granted by the former deputy governor of Ondo State, Alhaji Ali Olanusi against Governor Akeredolu and his administration has been generating reactions in the state.What is your reaction to the development?

    Frankly speaking, political activities of former deputy governor, Alhaji Ali Olanusi in the last  20 years in Ondo State have become a major piece of materials for researchers. Not a few observers of political events in the Sunshine State have been wondering why the former deputy governor is always interested in pulling down democratic government legally put in place by majority of voters in the state.

    At a time political observers expect the self-styled leader of Akokoland to be grooming young men and women for purposeful leadership positions with the sole aim of contributing to the development of their fatherland,  Alhaji Ali Olanusi has found pleasure in dissipating energy to mislead, misinform,  brainwash and instigate peaceful members of the public against the democratically elected government.

    How do you mean?

    The people of Ondo State are yet to forget how Alhaji Ali Olanusi betrayed former Ondo State Governor, Dr. Olusegun Agagu. It was a common knowledge to discerning minds that Alhaji Olanusi surreptitiously gave a spurious pledge to support the administration of the late Dr. Agagu to bring the dividends of good governance to the door steps of the people of the state. But surprisingly, it was not long after the Agagu government kicked off that supporters and admirers of the administration of the late governor realised that Alhaji Olanusi was never  to be taken seriously.

    Alhaji Ali Olanusi, without any iota of provocation, chose to be totally blind to Agagu’s transformational agenda and began to recruit people to plan the downfall of Agagu’s government. The former deputy governor, found an ally in Dr. Olusegun Mimiko, who was then a minister under the administration of former President Olusegun Obasanjo, to rubbish, malign and eventually bring down Agagu’s government.

    The conspiracy between Alhaji Ali Olanusi and Mimiko soon landed them at the Alagbaka Government House as deputy governor and governor respectfully, following their perceived manipulation of the judiciary that culminated in the sacking of Agagu’s government by the Court of Appeal sitting in Benin, the Edo State capital.

    Like a structure erected on a false foundation, the pseudo relationship between Mimiko and Alhaji Ali Olanusi soon became suspect. Mimiko forgot to appreciate the sense in elders’ wise saying that “no matter how long a log stays in water, it cannot become a crocodile.’ Mimiko forgot to realise that attempts to bend a dry fish would always be an exercise in futility. He failed to realise that one could only dine and wine with  Alhaji Ali Olanusi with a long spoon, as the pseudo relationship between them became completely battered and ruined.

    Unlike the late Dr. Agagu who treated Alhaji Ali Olanusi with kid gloves, Dr. Mimiko could not, under any guise, find any reason why he should overlook him.

    What step did ex-Governor Mimiko took against Olanusi then?

    He quickly initiated moves to humiliate Olanusi.Within a few days, Mimiko showed Alhaji Ali Olanusi the way out to his Akokoland home through an impeachment process described as unlawful by the competent court of law.

    But, the humiliating impeachment did  not go down well with the current Ondo State Governor, Oluwarotimi Akeredolu, who supported all the moves to vacate it. Like an helper-angel sent to the former deputy governor whom Akeredolu often respectfully refers to as Pa Ali Olanusi, Akeredolu rehabilitated him and paid about N140,000,000 Mimiko owed him. Akeredolu also ensured that Pa Ali Olanusi was given a membership of the Board of Trustee of the All Progressives Congress in Abuja just to take away the garment of humiliations put on the former deputy governor by Mimiko.It should be noted that Akeredolu rehabilitated and dressed Pa Ali Olanusi in a garment of honour.

    But, thereafter?

    No serious minded fellow was surprised recently when Olanusi went out to throw mud at Governor Akeredolu who political observers have  described as the former deputy governor’s political messiah.

    What is the your advice to the people?

    On behalf of the good development-desiring people of Ondo State, Sunshine Integrity Group, and lovers of progressive politics and progress across the country and beyond, Akeredolu should be undeterred in his manifest and demonstrative commitment to develop the land and people of Ondo State. As we build more capacity, network and collaboration across all the major constructively reliable divides, we call on the dear people of the State to be wary of all self-serving and seeking individuals who would want to mislead them at all costs.

    Like the saying goes, the future offers more great possibilities in the agenda of building a new virile all-inclusive Ondo State.

     

     

  • Ex-ComTech minister seeks more women tech founders

     

    Former Minister of Communications Technology Dr. Omobola Johnson has urged more action to get more women involved in founding technology companies.

     

    Mrs. Johnson, who is also a senior partner at TLcom Capital, a sub-Saharan Africa focused tech venture capital with offices in Lagos, Nairobi and London, spoke at the inaugural Africa Tech Female Founder Summit in Lagos.

     

    There has been an appreciable level of particpation of women in the tech space, adding, however, that it is still rare to find women at the founders’ club, she noted.

     

    Her words: “While female participation in tech has generally improved, female tech founders are still a rare breed. However, there are a growing number of female trailblazers in African tech and we at TLcom believe this is a critical network to nurture and support.”

     

    Also speaking on the occasion, Andreata Muforo, partner at TLcom, also said: “With our senior team currently 50per cent female, supporting diversity is already part of our DNA and with events such as the Africa Tech Female Founder Summit, our team does and will continue to dedicate resources to mentoring female founders.”

     

    The VC was launched to build a collaborative network of Africa’s female tech founders, over 50 female founders from across Africa including, Odunayo Eweniyi of Piggyvest, Isis Nyong’o of Mum’s Village, Vivien Nwakah of Medsaf and Miishe Addy of Jet Stream, took to the stage to share insights on achieving massive value generation and scale in Africa. Senior female executives from TLcom’s portfolio companies including Twiga Foods, Kobo360, Terragon, Andela, and Ajua were also in attendance.

    Read also: Experts mull Fintech to grow economy

     

    The keynote speaker for the Summit was the Chief Executive Officer, MainOne, Funke Opeke, who delivered a talk on her career journey.

     

    She said: “A clear message that should be taken away from the summit is that the glass ceiling on female leadership can and will be broken. For incoming and incumbent women in our sector, today is a powerful display of what is possible throughout Africa’s tech scene.”

     

    We had entrepreneurs from a variety of fields but what we all shared were common experiences and a shared vision for change.

     

    However, it is critical we take our learnings back into our respective networks and share them with the next generation. It’s only then that we will begin to see real transformation.”

     

     

     

  • Okorocha: APC needs purposeful leadership, character

    Former Imo State Governor and Chairman, Senate Committee on Culture and Tourism, Rochas Okorocha, was in Kano last weekend for a wedding ceremony. He also used the opportunity to confer with the Emir of Kano, Muhammadu Sanusi 11, and Kano State Governor Abdullahi Ganduje. He spoke with reporters on the crisis in the ruling All Progressives Congress (APC) and other partisan issues. KOLADE ADEYEMI was there.

     

    What is your mission to Kano?

    I am in Kano to see Governor Abdullahi Ganduje, a friend of mine and a longtime colleague. We both attended a wedding at the Emir’s Palace which also gave me the opportunity to meet with the Emir of Kano to exchange pleasantries.

    There has been clamour for a president of Igbo extraction in 2023. As a major stakeholder, what is your opinion on it?

    I don’t think there is anything called Igbo presidency in Nigeria. We don’t have such nomenclature. What we have is Nigeria presidency. So, you can’t have an Igbo presidency. What you should now be asking should be, prospects of a Nigerian president of Igbo extraction 2023. If that is the question you are asking, I will tell you that the Southeast is part and parcel of this country. It is possible to have a Nigeria president from the Igbo extraction and there is nothing wrong for people from other ethnic groups contesting. We have come to a very crucial moment in our nation’s political history. I want to say that the sentiment of where you come from should not determine the position you are holding in this country. Rather, we should start thinking about people who have something up-stairs; and who can afford to sustain democracy and development in this country. We have a lot of them in Igbo land, so you cannot just be a president, because you want to be a president. You want to be a president because you can guarantee security; and you can bring about harmonious co-relationship among the various ethnic groups. You can put food on table of Nigerians and also create job for the youths. This is what should be the criteria of politics in Nigeria, and not where you come from. Over the years, we have been in this situation of where you come from to determine what position you hold and that has not produced the best of results. So, we must be thinking of people who have the capacity and capability of handling the affairs of this nation and make it the giant of Africa that it should be. If it is on that note, then, I agree with everybody that we need a president that is for all Nigerians.

    Why do you think people use the nomenclature ‘Igbo presidency’?

    You see, the other challenge you have is that most of the time, we have allowed primordial sentiments to control the political atmosphere of this country and that has not yielded a positive result. At this point in time, let us look for credible people be it local government chairman, state and federal lawmakers, we need credible people to occupy political positions.

    You must have been following the protracted feud between the APC National Chairman, Adams Oshiomhole, and Edo State Governor Godwin Obaseki. What does such crisis portend for the APC?

    Well, a political party should be a group of people who share common political interests and beliefs. A party should be made of people who pursue a common goal or common objective for the good of the common man. That will be my understanding of a political party, but any political party that is full of internal crisis is no longer a political party in the real sense of it. The crisis shows that the party does not have a common ideology. If the ideology is one and you believe in one thing, there should be no reason for disagreement at that level. You might have a minor disagreement, but when it comes to the issue of do-or-die, it is no longer a political party. So, let us see what we can do in this country to redefine what we mean by internal democracy. This is why people have options; this is why we don’t believe in one party system. We must have different political parties and identify the one that is in line with your vision, the one that is line with your political belief. What has been our challenge in Nigeria is that we don’t really have a common vision and common ideology for our political parties. So, it is just what we call Agidi and Goro combination. People come with different beliefs, meet up in one place and form a political party. So, until we have such a political party that is more like a family in their belief, then we are still growing our democracy. Talking about what is happening in Edo State, it is unfortunate but a true political party cannot work against itself. So, I want to advise that they reconcile and relax their differences. The truth is that a party that is divided can never stand.

    Some political pundits have expressed the fear that the APC may implode. Do you entertain such fears?

    Well, I have said this earlier, the APC is a party that we hurriedly put together when we were governors, because we felt that the government at the centre at that time was not living up to expectation and we wanted to make sure that we brought about change at that time. That is why we came together and formed the APC and we ensured that the party got power in 2015. That was how it was then and we achieved that. Right now, I think we should continue with the same pace that we started with in 2015 election, but that isn’t seem to be the case. President Muhammadu Buhari gave character to the APC. He brought his integrity to bear on the party. He made the party what it is in the northern part of the country and the masses of the North saw him as a true leader, and we all rode on that to achieve that victory. But, after the credibility Buhari brought into this party. There seem to be no alternative in the same manner that will drive this party to 2023 victory. This is why I expressed my concern that if we are not very careful, the APC might go with Buhari in 2023 and that will be a very unfortunate for the founding fathers of the APC. The party needs to show purposeful leadership and character.

    Why does insecurity still persist?

    Indeed, it is worrisome that what started like a mere security challenge has taken a different dimension. It is unfortunate that we are getting deeper into the problem which ought not to be. There are many factors that could lead to the present security situation. Most people argue that poverty and insecurity are twin brothers. Illiteracy also plays its own ugly role. People seem not to understand their environment and what they need to do. Nigeria is not the only country where you have insecurity. It seems to be a global issue, because insecurity is everywhere in the world. The only thing left for now is to change our style, because it is as if we have adopted a bad method of fighting crime and it is giving results in arithmetic progression, we need to change to a style that will give us result in a geometrical progression. We need to eradicate insurgency as quickly as possible. So, we need to change our style. So, time has come for us to bring about new ideas to tackle security challenges in the country.

    What is your take on the border closure by the Federal Government?

    Well, the border closure has become a very serious issue. But what I don’t know is whether we are achieving results on the intention for border closure, because we have more than 3000 entry points into the country. If we close the border, what have we done with some other bushes that surround Cotonou, Cameroon and other places? I think border closure means that we should begin to look inwards on better ways to feed ourselves. By creating that kind of atmosphere, people will now begin to understand why we should be self-reliant and ensure food security. Any time you see us eat a bag of rice produced in China, it simply means that you have created jobs for people in China, while we are here as a consuming nation.  So, whether we want to face this now or later, we must pay this price, either by this generation or the generation to come. To say so means that there is nothing wrong in encouraging local production. What I consider a dangerous trend is that if you travel from Sokoto to Kano, Lagos, Owerri, Ogun and Ondo and see any smoke coming out from the roof, that smoke is not a smoke for production, it is a smoke for consumption. It is either the smoke for pepper soup or smoke for fried fish or smoke for jollof rice. This nation for too long has been a consuming nation and not a productive nation.

    This also has made our own problems more worrisome, because we are not economically independent. We depend on other countries for virtually everything that we eat and use; and that is not good for our youths and the generation yet unborn. So, border closure is a creation of awareness for us to begin to consume what we produce. So, we should take more practical approach in ensuring that we encourage the youths and the people to look inwards and produce those things that we import.

     

  • ‘Strange’ things on the altar

    They are respected for their religious leadership. But, sometimes, some Pastors do things many consider bizarre, writes ROBERT EGBE

     

    The light-skinned, short man in a black t-shirt and jeans slowly approaches the worshippers occupying plastic chairs on the front row of the church pew. The camera pans in on his face as he stares down menacingly at a woman in a brown dress and red beret. A male usher steadies her shoulders from behind as the man grabs and shakes her head roughly. The man leans in, lifts the bigger woman onto his shoulders with little difficulty. Her dress rides up and he starts slapping the back of her knees as he walks away.

    “Watch the powerhouse!” an excited voice in the background screams from a microphone, “watch another dangerous mysterious operation by the mega one. Watch him lifting up the whole woman, this huge woman, according to the direction of the Holy Spirit! Christianity is not a religion. Watch your screen; watch what the … one is doing.”

    The man turns around and faces several rows of small, blue and red plastic chairs. He throws a foot forward and slams the woman on the chairs, WrestleMania style. Both woman and chairs collapse to the floor.

    “This is a mystery and strange to those of you…that is power!” the unseen speaker screams again.

    The man – self-proclaimed Prophet Chukwuemeka Ohanaemere Dumeje, aka ‘The lion himself’ – kneels beside the unconscious woman touches her neck like he is feeling for a pulse and begins to mutter.

    The one-minute video captures one of the ‘deliverance sessions’ by Dumeje, the General Overseer of Mountain of Holy Ghost Intervention, Onitsha, Anambra State.

    Dumuje’s theatrically violent performance is only one example of bizarre practices that have, in recent years, crept into major religions in Africa, particularly Christianity.

    From Nigeria to Ghana, to South Africa, the invention of smartphones and social media has helped to expose often disturbing conduct by religious leaders.

    The founder of Fountain of Life Ministry, Pastor Taiwo Odukoya, in the last two Sundays referred to how theatrics like this and the miracles’ fad impact on the image of the Church.

    Pastor Odukoya said his wife showed him the video of a pastor, who was behaving like Kingkong and men were falling as a result of his theatrics. He added that such performance was painting the body of Christ in a bad light.

     

    Five pastors, same woman,

    same miracle

    Unless you’ve been away from the internet for the past two weeks, you won’t have missed the latest trending ‘Christian’ wonder involving five church leaders.

    The story is that a pastor prayed for a woman with a misshapen, stunted arm and it miraculously, on camera, stretched back to regular size.

    Two days later, however, the ‘healing’ failed and her arm returned to its former state. So, she approached another church. Its pastor, again, in another dramatic live prayer session, caused her arm to stretch to its regular size. Again, after two days, the healing failed. So, she approaches three other churches and their pastors all healed her arm.

    Critics believe the entire healing thing was a scam orchestrated by the pastors and the woman. They believe the woman was using her medical condition for private gain into a source of income.

    Doctors who have also seen the ‘deliverance’ videos, say she appears to be suffering from Ehlers-Danlos syndromes (EDS), a group of genetic connective tissue disorders with symptoms which may include loose joints, joint pain, stretchy skin, and abnormal scar formation.

    But the woman, Bola Ola, told the President of Guild of Professional Bloggers Association www.cknnigeria.com last Friday that no pastor paid her any money to stage-manage a miracle as some nosy, non-god-fearing people had insinuated.

    Ola said she went to the first church but was not fully healed and she kept on going to different churches till she went to Pastor Chris Okafor’s Mountain Of Liberation.

    She said she suffered an arm injury two years ago, following an accident and has been to different pastors for divine healing.

    “Once they heal me, I feel no pains but after two days after, the pains return, the reason I continue visiting various churches for permanent healing,” Ola added.

     

     ‘Death prayers, branding

    women, children as witches’

    There’s nothing wrong with being religious or spiritual. But a problem arises when people believe all their problems have a spiritual origin. In many cases, the problems are seen as the fault of women or child witches. It is thought that they are under a spell and have the power to wreak havoc.

    Misfortune in the family, such as a breakdown of a marriage or a relative’s death or illness, is thus attributed to witchcraft by a woman (especially elderly women), a child or ‘village people.’

    Some churches, particularly in rural areas and Nigerian movies play a major role in spreading this belief. And there are many self-proclaimed pastors who brand children as witches and then charge extortionate fees to ‘exorcise’ them.

    A researcher, Uwem Essia, in an article published in the Science Journal of Psychology titled ‘The Social Economy of Child Witch Labeling in Nigeria: The Case of Akwa Ibom State’ blames Pentecostalism for encouraging this trend.

    Essia argued that the religious discourse of the new Christian Pentecostal movement has heightened the belief that child witches exist.

    This belief, perhaps, has led many pastors and their congregation to pray for the death of the person, or spirit behind the ‘spiritual attack’.

    It is thus not unusual to see or hear pastors in the average Nigerian church leading their congregations in ‘back to the sender’ prayers.

    The epicentre of these accusations appear to be in Akwa Ibom and Cross River states and a 2008 report estimated that 15,000 children in these two states had been accused.

    A 2010 survey found that in one region of Akwa Ibom State, for instance, 85 per cent of street children had been accused of witchcraft.

     

     Unfulfilled predictions,

    sorry prophecies

    “Please Nigerians, warn (President Muhammadu) Buhari that he is going beyond his boundary, the Lord said his tenure is just for four years if he tries to contest for the second term before they vote, he will die,” – South Africa based Prophet, Samuel Akinbodunse.

    Prophet Samuel Akinbodunse, General Overseer of South Africa-based church, Freedom For All Nations is not the only Nigerian preacher that has made prophecies that have not come to pass.

    The General Overseer of the Omega Fire Ministries, Apostle Johnson Suleman, is known to have made several unfulfilled prophecies.

    In 2016, Suleman prophesied that Governor Nasir Ahmad El-Rufai of Kaduna State will die over his plan to amend Kaduna’s “Religious Preaching Laws of 1984.” El-Rufai is still alive.

    One unfulfilled prophecy that had internationally relevance was the one made by Prophet T. B. Joshua, who leads the Synagogue Church of All Nations (SCOAN).

    He incorrectly predicted that Hillary Clinton would win the 2016 United States election. Prophet Joshua told his congregation that he “saw” a woman winning.

    Following Republican candidate Donald Trump’s surprise victory, the post was temporarily deleted from Joshua’s Facebook page before later being restored.

    The preacher, whose services often attract tens of thousands of worshippers from around the world, posted an explanatory message afterwards.

    “We have seen the outcome of the election in America. Having read, you will notice that it is all about the popular vote, the vote of the majority of Americans,” he said.

    The statement seems to be a nod to Clinton’s lead in the so-called popular vote-i.e. the individual votes collected by a candidate, rather than the number of states won under the U.S. Electoral College system.

    But critics accuse these religious leaders of making up prophecies without hearing from God.

    Read Also: Osinbajo warns churches on use of social media

     

    ‘Fighting’ demons

    or demon-possessed people

    Prophet Dumeje wins this one hand down. In an August 2019 YouTube video, the popular cleric is challenged to a duel by a younger man possessed by “a wicked spirit from Hell-Fire.”

    The Lion Himself engages the man, who takes off his t-shirt, in a karate session and beats the daylight (sorry, demon) out of the fellow.

    ‘Falling under the anointing’, ‘slain in the Spirit/falling in the Spirit is a practice many churchgoers in the country know of. There are also several biblical examples.

    It is primarily practised in Pentecostalism, and generally takes place during church services or deliverance sessions. An “anointed” pastor or leader, “full of the Holy Spirit,” touches someone (usually on the forehead), and the power of God that “flows” that out of that pastor/leader is so overwhelming that the person they touch cannot stand, and they fall backwards.

    In some cases, some very popular, mostly Pentecostal leaders, throw one hand forward and the congregation, sometimes in their hundreds, begin falling backwards. Everyone, except, of course, the camera crew and church workers: they do not seem to be affected.

    The problem is, in some churches where being slain in the Spirit is practised, it often appears more like a theatrical display than a work of God.

    For instance, it is not unusual to find pastors, not touching, but pushing people so that they lose their balance and stumble or fall.

    An American bible teacher and psychologist, Steve Shirley, who has studied the phenomenon, agrees that people can “fall” to the ground because they are “overwhelmed” in some way by God.

    However, he also noted that there are many stories of Americans who have been involved in this practice, and then get out of it.

    In his article, ‘Why do Christians fall over when someone touches them?’ Shirley said nearly all of these people admit that they “fell” on purpose because one of several psychological factors was at work:

    He identifies the factors as: “Peer pressure, falling because it was expected. Falling because they desperately wanted to have that ‘experience’ others were having. Falling so they didn’t make the person laying hands on them looks bad. Falling so they didn’t seem less spiritual or falling because they gave in to the power of suggestion.”

     

  • Lifting entrepreneurship through microfinance

    Can microcredit help poor entrepreneurs free themselves from poverty? This is what The Microfinance Association United Kingdom, Nigeria chapter, is seeking to achieve, reports DANIEL ESSIET

     

    For  The Microfinance Association United kingdom, Nigeria  chapter, a global body for Microfinance practitioners, the perfect solution to poverty in developing countries appears to have been found: microcredit!

    To this end, the association is pushing for practitioners  that empower microfinance institutions to provide entrepreneurs with small loans to start a business. This, the association believes will facilitate their escape from poverty.

    Speaking in Lagos, Country Representative, The Microfinance Association, United kingdom, Mrs. Ololade Adesola, said microfinance has taken various forms throughout the world and remains an important tool for economic development providing the financial means to stimulate enterprise growth that brings the much needed income and employment for individuals.

    She said limited access to finance, with low penetration of the micro-finance and banking sectors, hinders economic development.

    She said micro-finance institutions have  to increase access to finance for the country’s poorest and most vulnerable people, many of them women living in rural areas.

    She said the association seeks to expand micro-finance in Nigeria to stimulate entrepreneurship and improve access to finance for micro and small entrepreneurs, many of whom, really access the formal financial sector.

    One of the activities of the association is to train practitioners to help institutions to increase and diversify lending activities and expand the microfinance network.

    Read Also: Firm holds mentorship challenge for entrepreneurs 

    Mrs. Adesola said the association is helping micro-finance institutions develop their management capacity, to meet the demand for financial services.

    Mrs. Adesola said Nigeria needed functional micro-finance institutions that can provide individuals microcredit and financial resources to start, maintain and grow their own ventures.

    According to her, the association is supporting innovation in the sector, using developments in technology, to help financial institutions reach a greater number of people in a more cost-effective way.

    With the growing emphasis on entrepreneurship, Mrs Adesola stressed the need for the microfinance industry to respond to this by developing innovative ways to extend integrated microfinance services, such as savings, loans and cash transfers and non-financial services to the entrepreneurs in an attractive and cost-effective manner.

    On the induction of new members, she said 35 professionals have been inducted into the industry as micro-finance practitioners.

    She said the association is committed to financial inclusion.

    The Dean, Centre for Research in Enterprise and action in Management  (CREM), Dr Noel Ihebuzor,  said there is need for micro-finance institutions  to provide , business management consulting, monitoring and support services adapted to the needs of entrepreneurs wishing to start or strengthen their micro-enterprises.