Author: The Nation

  • Abiodun: Why he deserves a second term

    Abiodun: Why he deserves a second term

    By Kunle Somorin

    About 45 months ago, Prince Dapo Abiodun came to office amidst massive hope and expectation from the people of Ogun State that at last a leader had come to truly guide Ogun to progress, development and the realisation of her destiny. The mood all over the State, at the time he took over, was, incontestably, euphoric. Looking back now, it is even grandly euphoric as the Governor’s Midas touch can be felt in every part of the state.

    Come Saturday, the people of Ogun State will come out, again, to express their franchise to choose or reject his leadership. But the gale of endorsement across different demographic, social and religious groups, attests to one thing: he has taken the state a notch higher. First elected governor on March 9th, 2019 it has been so far, so remarkable for the businessman turned politician and his party, the All Progressives Congress.

    No wonder, the party cleared all the available seats in the February 25 round of elections. In the world of performance-based rewards, no one gets cheated on. No one’s mandate is stolen. If you earn it, then you deserve it. More reason an American Author, Helen Keller said, “Alone we can do so little; together we can do so much.” It is about bettering the lives of others, being part of something bigger than yourself, and making a positive difference. Governor Dapo Abiodun has contributed, in no small measure, to the growth of Ogun State and its people; and this piece intends to highlight some of the strides of his administration.

    As facts are known to be stubborn and good works unable to be hidden, the servant-leader has garnered recognition and conferred with numerous awards for his hard work, the most recent award is “Forbes Best of Africa’s Governor in the Industrial Revolution,” which is a testament to the giant strides that has been recorded in the state’s industrial sector.

    From the get-go, to curb unemployment level in the state, Gov. Abiodun launched, in August 2019, the Ogun Job Portal which dimensioned unemployment crises and linked young people with business owners. The State Government utilised the online platform to get details of applicants for employment and empowerment in different sectors, especially education, security and agriculture. Consequently, over 10,000 youth have been empowered and recruited into teaching internship scheme called OgunTeach, the Ogun State Environmental Protection Agency, OGEPA, different cadres in the health sector, as Fire Service officers and into Amotekun, the security architecture designed by state government in the South Western parts of Nigeria. Within the same period, 400 youth artisans across crafts (building, electrical, and plumbing) were employed in a direct labour initiative into the State Ministry of Housing under an ambitious programme that achieved the construction of over 1,700 affordable housing units across the length and breadth of the state.  Equally, Dapo Abiodun’s Administration mainstreamed 2000 ASCON entrants who had been supposedly employed by the immediate past administration but without files and records into the Ogun State Civil Service, and paid the backlog of their salaries.

    Security and development are intertwined. No wonder, Abiodun in his first 100 days in office saw to the re-energisation and restructuring of Security Trust Fund to receive and manage donations from the private sector. The Committee also mobilized these funds and resources for the training and retraining of security personnel. The private-sector led OGSTF has made remarkable achievements that have strengthened the security architecture of the State, received significant donations and earned the trust of the Federal Government that released Police aircraft to monitor the State. Security has equally gone digital in Ogun with drones and technology now deployed for surveillance and monitoring as a way of preventing and detecting crimes in the tandem with the dictates of the 21st century. Unlike in the past, strategic meetings are held with security chiefs, patrol vehicles and motorcycles have been donated to all security outfits, including those to support local vigilante and hunters who now work with the Nigeria Police, the Nigerian Army, State Service, Civil Defence Corps, Operation So Safe and others to engender mutual collaboration.

    The livewire of any nation is education. Therefore, at every point in time, a nation stands between education and destruction. A nation survives and triumphs on promoting its quality education and it dies and perishes on neglecting its education. Education is life; ignorance is death. And this serves the main reason Abiodun resuscitated, in Ogun, the excellence and eminence that is attached to education in the developed parts of the world. In effect, the Ogun State Government launched the Ogun State Teaching Experience Acquisition Channel (Ogun TEACh) in March 2021. This two-year, paying special intervention programme was created to fill open positions in public primary and secondary schools as well as technical colleges in the State. 5000 interns are been hired during the review period across the State’s 20 local government areas, or LGAs, without no discrimination. His impact on education did not stop here as he triggered a significant transformation by resolving inherited crises in the tertiary education sector that resuscitated institutions like the Moshood Abiola Polytechnic that was in limbo when he was sworn in and the Tai Solari College of Education that never graduated any set of students for 11 years previously. Today, classrooms, hostels, restrooms, offices, stores, and computer rooms with equipment have been built in various schools. Similarly, the yellow roof revolution dot all the State schools and healthcare facilities. So far, over 100 primary healthcare centres (PHCs) have been rehabilitated, equipped and appropriately staffed.

    Gov. Abiodun’s impact also cuts across to the infrastructure, rural development, commerce, agriculture and youth development ecosystem. A man of ideas, from day one, Governor Abiodun appreciated (and still does) the role of investment as the engine of economic growth. For this, he established the Ogun State Investment Promotion and Facilitation Agency. It was “with a mandate to attract investors into the State; coordinate the private sector investment activities, and streamlining processes and procedures to ease the investors’ journey to setting up their operations successfully in the state.” Other supplementary initiatives include capacity building for well over 500 entrepreneurs across the State to enable them to access financing and also scale up their businesses; empowerment of over 2500 rural women across the state through the provision of products worth N100m; land acquisition within 30-day for the issuance of C of Os through the launch of an online portal and above all Ogun State Land Administration and Revenue Management System (OLARMS). Observers are unanimous that the ambitious Digital Economy Infrastructure Project of laying 5000 kilometre of fibre optic cable and Tech Hubs across the state is the pathway to making the State to Nigeria’s future Silicon Valley.

    Infrastructure is another area that Governor Abiodun has scored a bull’s eye, spreading projects around all the Senatorial Districts like confetti. When he came on board, he discovered that all the major roads within communities had become dilapidated. He initiated the direct labour agency – gun State Public Works Agency (OGPWA) which moved into all the 20 local government areas of the state simultaneously and started rehabilitating roads. That done, the governor then did something entirely different: he embraced the projects abandoned or half-executed by his predecessors. Today, he has rebuilt 400 km of roads, including the Ijebu-Ode-Epe expressroad, Sagamu-Interchange-Abeokuta expressroad and Ilaro-Owode-Yewa road. The Lusada-Atan – Agbara road, in particular, is crucially important to the South-West, Nigeria and indeed the West African sub-region because it hosts the biggest industrial complex in Nigeria. Even federal roads are receiving attention. As he usually says, people in the area care less about the Federal Government: it is state government that they know. Everywhere you turn in Abiodun’s Ogun, you find projects. Numberless rural road are being rehabilitated and reconstructed in villages that didn’t witness caterpillars in the last 30 years!

    The icing on the cake is the Ogun State Gateway Agro-Cargo International Airport meant to serve as cargo and passenger facility from the heavy industries built between the Lagos-Ogun corridor and the Agbara Industrial Layout. It is expected that the airport, which is well located, will provide seamless service for the evacuation of finished products from these companies and delivery of raw materials, as well as create jobs for 25,000 persons. Already test flights had commenced and a Special Agro-Processing Zone (SAPZ) has been inaugurated. The location of the airport at the off limits of the notorious traffic gridlock that characterises Lagos State puts the facility in a vantage position to move goods to other parts of the country from the airport. Essentially, it will be a rendezvous for the assemblage of farm produce before export, as the government of Ogun State is putting things in place to build an aerotropolis at the airport. This means that agro based factories and others can sprout at the airport. That will give rise to an economic community that will create jobs, create revenue for the government and expand businesses between the two major states in the South-west.

    These are some enviable records set by the Prince Dapo Abiodun-led administration that reassures citizens that their votes have not been wasted. The people of the state have, as a result of his leadership, had been living peacefully. Ogun State can only wait and anticipate even improved outcomes in the upcoming years, including the second term of the effective and development-oriented governor.

    •Somorin is the Chief Press Secretary to Gov. Dapo Abiodun

  • India mulls new funding vehicles for private companies

    India mulls new funding vehicles for private companies

    The Securities Exchange Board of India (SEBI) is considering a long-term alternative funding window for unlisted companies.

    The idea is to allow Permanent Capital Vehicles (PCVs) to provide long-term funding opportunities for unlisted companies.

    A sub-committee under SEBI’s Alternative Investment Policy Advisory Committee is currently examining the proposal to determine who can invest in these vehicles, the minimum investment amount required, and how the rules would differ from existing Alternative Investment Funds (AIFs).

    The goal is to establish a regulatory framework that allows permanent vehicles to hold unlisted shares for as long as they want.

    According to a report, the underlining reasoning is to encourage investors that take a long-term view of a business rather than seeking short-term returns, which could make deep capital available for unlisted companies.

    It is also expected that PCVs can provide flexibility advantages by investing in projects that require a longer timeframe than traditional investment vehicles may be able to provide.

    However, one disadvantage is that PCVs are illiquid investments, meaning it can be challenging for investors to buy or sell their stakes in the vehicle, which could be a concern for those who need to access their funds quickly. The sub-committee will provide recommendations to the regulator, who will have the final say on the matter.

  • Experts to discuss African economic growth at CIBN lecture

    Experts to discuss African economic growth at CIBN lecture

    President, African Export-Import Bank (Afreximbank), Professor Benedict Oramah will headline discussions on African economic growth as experts brainstorm on the continent’s economic transformation at the 2023 Annual Lecture of the Chartered Institute of Bankers of Nigeria ( CIBN).

    The event, scheduled for Wednesday, March 29, 2023, in Lagos is under the theme: “Unlocking the Constraints to Africa’s Economic Transformation: Insights into the Power of Capital” 

    In a statement, the CIBN stated that its annual lecture is a public enlightenment programme aimed at keeping members of the public constantly abreast of topical economic issues and policies of government at the national and international levels. 

    “This year’s edition of the lecture will assemble chieftains of the banking and finance industry, top public officials, foreign diplomats, members of the academia, top executives of the organised private sector as well as other stakeholders in the Nigerian economy who will dimension and articulate clear strategies on how to address the impediments to Africa’s economic development.

    “In a bid to ensure that Nigerians from all walks of life benefit from the conversation, the Institute has made the programme free of charge for participants,” CIBN stated.

    The CIBN noted that over the years, the event has attracted globally respected scholars and professionals such as Honourable Justice Emmanuel Ayoola, Chairman, Independent Corrupt Practices & Other Related Offences Commission (ICPC); Professor John Anyanwu, former Lead Research Economist, African Development Bank; the late Professor Dora Akunyili, Director-General, National Agency for Food and Drugs Administration Control (NAFDAC); Sir Ademola Aladekomo, Founder and Chairman, CHAMS Plc;  Dr. Andrew Hilton, Director and Joint Founder, Centre for the Study of Financial Innovation(CSFI) United Kingdom; Professor Osita Ogbu, OON, former Minister of National Planning and Chief Economic adviser to the President of the Federal Republic of Nigeria; Dr. Akinwunmi Adesina, CON, President, African Development Bank; Mr. Michael Lafferty, Founder and Chairman, the Lafferty Group; Professor Kingsley C. Moghalu, Professor of Practice in International Business and Public Policy at the Fletcher School of Law and Diplomacy at Tufts University and the Founder of Sogato Strategies LLC; Mr. George Lewis, Chairman and Portfolio Manager, Royal Bank of Canada(RBC); Professor Melvin Ayogu, ACIB, Fellow, Mapungubwe Institute of Strategic Reflection, South Africa among others.

    To ensure that this year’s event is unique and impactful, the Institute has set up an Implementation Supervisory Committee, chaired by Mrs. Nneka Onyeali-Ikpe, l Managing Director/Chief Executive Officer of Fidelity Bank Plc. Other members of the Committee are Dr. Adaeze Udensi, Managing Director, Titan Trust Bank; Dr. Ozoemena Nnaji, Director, Trade and Exchange, Central Bank of Nigeria; Mr. Abubakar Bello, Managing Director? Nigerian Export-Import Bank (NEXIM); and Mr. Ekene Uzor, Special Assistant to the President on Banking and Strategy, African Export-Import Bank (Afreximbank).

  • Equities lose N35b on profit-taking deals

    Equities lose N35b on profit-taking deals

    The market value of Nigerian equities dropped by N35 billion yesterday as overwhelming sell orders triggered considerable decline in share prices of several stocks.

    With nearly two losers for every gainer, the overall market sentiment at the Nigerian Exchange (NGX) was bearish with more sell orders than buy orders. The sell pressure intensified as investors sought to lock in accumulated capital gains from the recent steep rise in share prices.

    Benchmark indices indicated average decline of 0.12 per cent, equivalent to net capital depreciation of N35 billion.

    The All Share Index (ASI)- the common value-based index that tracks all share prices at the Exchange, dropped from its opening index of 55,788.37 points to close at 55,722.90 points.

    Aggregate market value of all quoted equities declined from its opening value of N30.391 trillion to close at N30.356 trillion.

    There were 17 losers to nine gainers. Chams Holding Company led the losers’ chart by 8.0 per cent to close at 23 kobo per share. Prestige Assurance followed with a decline of 7.32 per cent to close at 38 kobo. Linkage Assurance dropped by 6.82 per cent to close at 41 kobo per share. UACN Property Development Company (UPDC) lost 6.80 per cent to close at 96 kobo while Wema Bank dipped by 6.05 per cent to close at N4.04 per share.

    On the positive side, Nigeria Enamelware led the gainers with a gain of 9.57 per cent to close at N17.75. FTN Cocoa processors followed with a gain of 7.69 per cent to close at 28 kobo. Sterling Bank rose by 3.42 per cent to close at N1.51 per share. UAC of Nigeria (UACN) appreciated by 3.26 per cent to close at N9.50 while Nigerian Exchange Group rallied 2.69 per cent to close at N26.70 per share.

    The momentum of activities also slowed down considerably. Total turnover dropped by 35.14 per cent to 199.269 million shares valued at N2.814 billion in 3,898 deals. Sterling Bank topped the activity chart with 31.093 million shares valued at N46.913 million. Neimeth International Pharmaceuticals followed with 20.178 million shares worth N31.676 million. Zenith Bank traded 16.511 million shares valued at N412.519 million. Chams Holding Company traded 16.113 million shares valued at N3.763 million while United Capital placed fifth with 12.760 million shares worth N185.870 million.

  • NNPCL to complete preparations for IPO by June 2023

    NNPCL to complete preparations for IPO by June 2023

    • Public offer may open in 2024

    Nigerian National Petroleum Company Limited (NNPCL) has started a process that will see it launch a multi-billion naira initial public offering (IPO) as part of its expansive growth plan.

    Chief Financial Officer (CFO), Nigerian National Petroleum Company Limited (NNPCL), Umar Ajiya, said the company’s IPO might occur in 2024, going by the ongoing internal preparations.

    According to him, while the company has a definite plan to float an IPO and list its shares, it has not finalised on the details of the IPO, the mode of listing and whether it would list on the domestic securities exchange or a combination of local and foreign listing among others.

    Ajiya, who spoke during a panel discussion at the CERAWEEK Energy Conference in Houston, said ongoing internal process to get the company ready for an IPO would be finalised by the middle of 2023.

    Many experts have advocated for the listing of the national oil company in order to engender strong corporate governance and unlock the intrinsic value of its assets.

    Renowned industrialist and boardroom guru, Chief Olusegun Osunkeye said government should follow up the recent conversion of the Nigerian National Petroleum Corporation (NNPC) to a private company with  the launching of its IPO to enable it operate optimally and transparently.

    According to him; the ultimate challenge for Nigeria now is how the government, other capital market regulators and operators can work harmoniously to encourage investors and boost the economy.

    “As a positive fallout of the Petroleum Industry Act (PIA), recently the news broke that the Nigeria National Petroleum Corporation (NNPC), has been converted to a private company, NNPC Limited. The announcement has triggered the ongoing analysis of the company’s financial health, civil service orientation of its staff and other key performance indicators that will enable a discerning investor to purchase its shares. The new company can take advantage of Initial Public Offering (IPO) to raise capital to boost its operations and generate tax for the government” Osunkeye said.

    Managing Partner, Imperial Law, Mrs. Afolake Lawal, a corporate governance specialist, underlined the need for strong corporate governance at the NNPCL noting NNPCL Act stipulated that the company shall operate under the purview of the Companies and Allied Maters Act, thus making the provisions of the Nigerian Code of Corporate Governance 2018 (‘Code’) applicable to it.

    She noted that the code seeks to institutionalise corporate governance best practices in Nigerian companies so as to rebuild public trust and confidence in the Nigerian economy, thus facilitating increased trade and investment.

    According to her, the code recognises that its prescribed practices can be tailored to meet industry or company needs, by adopting the ‘apply and explain’ approach where so required.

    “It assumes the application of all its principles and requires entities to explain how the principles are applied. By this, NNPC Ltd will have to demonstrate how the specific activities it has undertaken best achieve the outcomes intended by the corporate governance principles.

    “The code subscribes to enforcement of its standards through third parties i.e. regulators and registered exchanges are empowered to sanction specific deviations. However, the petroleum industry in Nigeria lacks a sectorial code on corporate governance, thus making the incorporation of good corporate governance practices in the Act a welcome development, and thereby placing NNPC Ltd under a compulsion to comply with the set standards,” Lawal said.

    She pointed out that good corporate governance would keep the NNPCL on the path of sustained profitability, and also aid the achievement of other objectives of the company, particularly, the need to attract desired investors to the company.

  • Manufacturers’ sales dip 25% on cash crunch

    Manufacturers’ sales dip 25% on cash crunch

    The Manufacturers Association of Nigeria (MAN) has cried out that the currency redesign policy and the attendant scarcity of the naira has disrupted economic activities, resulting in  more than 25 per cent dip in sales of manufactured products.

    MAN’s Director-General, Segun Ajayi-Kadir, said the redesign of the national currency and the attendant scarcity has disrupted manufacturing and the economy profoundly, with manufacturers contending with over 25 per cent dip in manufactured products.

    The MAN DG, in a statement, noted that the currency redesign policy was “an excellent monetary control measure by the Central Bank of Nigeria (CBN), but expressed regrets over what he described as “the inexplicable poor management of the transition process”.

    Ajayi-Kadir, however, said if the problem lingered, “the in-coming administration should swiftly address it without throwing away the baby with the bath water.”

    He charged the in-coming administration to resolve the lingering difficulties with the currency transition if it has not been addressed by the outgoing government.

    Earlier, MAN President Otunba Francis Meshioye, also said the hardship being experienced by Nigerians in accessing the redesigned naira notes was hindering the proper flow of goods to end users, resulting in a huge pile of stock for manufacturers.

    “The naira crisis is affecting us very badly because at the end of the day, everything we produce has to be consumed in one way or the other, and if consumers don’t have cash to purchase products, then we are going to have a lot of stock, and this implies that a lot of manufacturers’ money is tied down,” Meshioye lamented

    He said when stock piles, it also means that manufacturers’ cash is trapped, even as they pay high interest rate.

    He also said the situation has affected investments.

    “Investment goes to where returns come regularly. No investor wants to play with his money. So, it’s a very big issue in our economy now,” he stated.

    Meshioye, while pointing out that “there is no way any scarcity of any essential thing to a consumer will not affect the producer,” however, expressed regrets that it is not yet everybody who can do electronic transactions, coupled with the occasional Internet connection glitches.

    Besides, he said it’s not so easy for one to buy a good and he wants to do a Point of Sale (POS) transaction at every point. “So, it’s a very big issue in our economy now. So, when you take all these things together, you want to agree with me that we are really facing a very critical time as manufacturers,” he emphasized.

  • Food, fuel jerk up February inflation to 21.91%

    Food, fuel jerk up February inflation to 21.91%

    Owing to the increase in the cost of foods and fuels, inflation rate rose from 21.82 per cent in January 2023 to 21.91 per cent in February, this year, according to the National Bureau of Statistics (NBS).

    In its document entitled: “Consumer Price Index February 2023,” the Bureau noted that the rate soared by 0.09 per cent compared to the previous month.

     The report said: “In February 2023, the headline inflation rate rose to 21.91per cent compared to January 2023 headline inflation rate which was 21.82 per cent. Looking at the trend, the February 2023 inflation rate showed an increase of 0.09 per cent points when compared to January 2023 headline inflation rate.”

    NBS further noted that similarly yearly, the headline inflation rate was 6.21per cent points higher compared to the rate recorded in February, last year, which was 15.70 per cent.

    This shows that the headline inflation rate (yearly) increased in February 2023 when compared to the same month in the preceding year (i.e., February 2022).

    Stressing that the rise in the cost of foods was responsible for the rise in the rate, NBS said “the contributions of items on a class basis to the increase in the headline index are presented, thus: Bread and cereal (21.67per cent), Actual and imputed rent (7.74 per cent), potatoes, yam and other tubers (6.06 per cent), vegetable (5.44 per cent) and Meat (4.78 per cent).”

    The document, however, noted that monthly, the percentage change in the All-Items Index in February 2023 was 1.71 per cent, which was 0.16 per cent points lower than the rate recorded in January 2023 (1.87 per cent). This means that in February 2023, on average, the general price level was 0.16per cent lower relative to January 2023.

    It said in terms of “All items less farm produce” or Core inflation, which excludes the prices of volatile agricultural produce stood at 18.84per cent in February 2023 on a year-on-year basis; up by 4.83per cent when compared to the 14.01per cent recorded in February 2022.

    NBS added that “The highest increases were recorded in prices of Gas, Passenger Transport by Air, Liquid Fuel, Fuels, and Lubricants for Personal Transport Equipment, Vehicles Spare Parts, Solid Fuel, etc.”

    It further noted that on a month-on-month basis, the core inflation rate was 1.06per cent in February 2023. It stood at 1.82per cent in January 2023, down by 0.76 per cent points.

    NBS said the average twelve-months annual inflation rate was 16.92 per cent for the twelve-months ending February 2023; this was 3.46% points higher than the 13.46per cent recorded in February 2022.

    According to the document, in in February 2023, all items inflation rate on a year-on-year basis was highest in Bauchi (24.59per cent), Rivers (24.40per cent), and Ondo (24.27per cent), while Sokoto (18.90 per cent), Borno (18.94per cent) and Cross River (19.62per cent) recorded the slowest rise in headline year-on-year inflation.

    On a month-on-month basis, the Bureau however, said February 2023 recorded the highest increases in Edo (2.76per cent), Ogun (2.64 per cent), and Yobe (2.36per cent), while Bayelsa (0.74per cent), Borno (0.95per cent) and Taraba (1.03per cent) recorded the slowest rise on month-on-month inflation.

    The report revealed that in the period under review, food inflation on a year-on-year basis was highest in Kwara (29.51per cent), Imo (27.47per cent), and Lagos (27.42per cent), while Sokoto (18.54per cent), Jigawa (19.67per cent) and Yobe (21.89 per cent) recorded the slowest rise on year-on-year food inflation.

    It said on a month-on-month basis, however, February 2023 food inflation was highest in Yobe (3.15 per cent), Edo (3.03 per cent), and Ogun (2.90 per cent), while Rivers (0.75 per cent), Sokoto (0.89 per cent) and Nasarawa (0.90 per cent) recorded the slowest rise on month-on-month inflation.

  • Nova Merchant Bank seeks gender equality

    Nova Merchant Bank seeks gender equality

    NOVA Merchant Bank has pledged to promote gender equality by supporting women who embrace technology skills, especially in our ever-evolving world.

    This commitment was made during the NOVA International Women’s Day (IWD) conference held at the bank’s headquarters in Lagos.

    The conference was part of the bank’s women empowerment initiative, which began in 2020, where women in NOVA converge to discuss gender equality issues and proffer solutions.

    This year’s event featured prominent women who have distinguished themselves in their industries by leveraging technology and innovative solutions to drive value in Nigeria and Africa in line with the global theme, DigitALL: Innovation and Technology for gender equality.

    The Chief Host and Executive Director, NOVA Merchant Bank, Mrs. Funke Okoya, said: “Given the country’s transition to cashless policy, NOVA believes that women can play a significant role in providing innovative ideas to capitalise on the benefits of this disruption by leveraging innovation and technology.”

    She added that NOVA will continue to push for the capacity development of women in Nigeria in tech and drive initiatives that advance women’s cause.

    The Chief Information Officer, NOVA Merchant Bank, Mrs Mabel Irona-Nduka, reiterated the Bank’s stance on female empowerment, adding, “NOVA will continue to lead the many voices committed to women empowerment by making deliberate efforts to close the gender gap in  traditionally male dominated roles like information Technology and most especially, at leadership levels.

    Guest Speaker at the event, Dr Ola Brown who is the Founding Partner, Health Cap Africa said, “Having tech savvy women in leadership roles means making more profits especially in a hyper-competitive industry such as banking where we must leverage and utilize all legitimate and innovative alternatives to optimize profit irrespective of gender, and this is where embracing equity is important.”

    Brown emphasised the need for women to believe in themselves as competent enough to advocate for quotas in all areas, including technology, politics, and their careers.

    In her own submission, the Managing Director/CEO, Digital Jewels Africa, Mrs. Adedoyin Odunfa who spoke on protecting the rights of women and girls in the digital space, said, “50 percent of women online have suffered some form of online violence and harassment from the responses and nuances.” She noted that it is critical to teach women and girls digital skills and how to deal with online violence, and also put policies in place to protect women’s rights in the digital space.”

    NOVA Merchant Bank Limited is an investment grade rated bank in Nigeria that offers an integrated suite of financial solutions covering Financial Intermediation, Corporate and Investment Banking, Asset, and Securities Management, Trade Services, Cash Management, Transaction, and Digital Banking.

  • ‘Telecoms voice customers hits 226m’

    ‘Telecoms voice customers hits 226m’

    The Nigerian Communications Commission yesterday said the telecoms industry  boasts of over 226 million voice customers and over 156 million Internet customers as at January, this year.

    The Commission expressed delight that consumers leveraged Communications infrastructure for social interactions, health services, access to education and banking to advance the economic interests and development of the country.

    The Executive Vice Chairman of the NCC, Prof Umar Danbatta, as well as its Executive Commissioner,  (Stakeholders Management),  Mr. Adewolu Adeleke, gave the commission a thumbs up for the feat in the industry.

    Danbatta and Adeleke spoke at the Digital Economy Complex, Mbora, Abuja during the World Consumer Rights Day with the theme:” Empowering Consumers Through Clean Energy Transitions “.

    Adeleke, who was represented by Oyebanjo Ojo,  Head Consumer Affairs of the Commission, said the yearly event was organised to celebrate the contributions of consumers to the development of the industry.

    “This year, we are pivoting our celebrations around a theme which allows us to design more environmentally sustainable service models so that we can truly serve our customer better, and I am indeed pleased to welcome you all to this opening session”, he said.

    The theme allows us to carefully examine the unintended side-effects of our critical social infrastructure on our environment, he added.

    He said as consumer volumes and service diversity continue to grow in the industry, network operators should roll-out more infrastructure for coverage in  rural areas to cover the gaps in underserved areas.

    Danbatta used the occasion to inaugurate the  Telecom Consumer Assistance, Resolution and Enquiries (TELCARE) Desk, at the Arrival Lounge of the Nnamdi Azikiwe Airport Abuja. Danbatta inaugurated the facility virtually through the Chairman of the Board of the Commission, Prof Adeolu Akande.

    He said The TELCARE Desk in Abuja would be a pilot project and would be replicated across the country.

    ” The TELCARE Desk serves as an additional platform to receive and facilitate the resolution of consumer complaints; provide a means through which consumers and citizens can make inquiries on consumer issues; provide a platform for advocacy on any thematic consumer issue or concerns; to further enhance awareness of the Commission’s activities”, Danbatta said.

  • Governorship battle rages in Plateau, Benue, Kaduna

    Governorship battle rages in Plateau, Benue, Kaduna

    • Sule, Alia, Hembe in race for Government Houses

    By Uja Emmanuel, Linus Oota, Justina Asishana, AbdulGafar Alabelewe

    Anxiety heightened in political camps across the country yesterday ahead of Saturday’s governorship and State Houses of Assembly elections.

    In the   Southsouth, Southeast, Northcentral, Northwest and Northcentral states,  the governorship battles are mainly between the candidates of the four major political parties…All Progressives Congress(APC), Peoples Democratic Party (PDP)    Labour Party (LP) and New Nigerian Peoples Party (NNPP)

    The four parties are also hoping to control the states’ Houses of  Assembly by producing the majority of the members.

    *Northcentral

    The governorship race in Benue State is between PDP’s Titus Uba; APC. Rev. Fr. Hyacinth Alia and LP’s Herman Hembe.

    Although the state is currently led by a PDP governor (Samuel Ortom), observers are of the view that APC’s Alia might clinch the diadem. The observers hinge on their projection on the February 25 presidential poll in which the APC trounced the PDP and LP.

    They also believe that Alia’s soaring popularity among the people is a positive sign for his match to the state  Government House.

    The PDP had gone into the presidential and National Assembly elections with three   Senators and, nine  House of Representatives members.  It lost two of the senatorial seats to the APC which also won 11 House of Representatives positions.

    In the presidential election, APC despite being an opposition party polled 310,468 to defeat PDP and  LP  with 130,081 and 308,372 respectively.

    It is believed that Minister of  Special Duties and Inter-Governmental Affairs  George Akume, remained largely a stabilising force behind the sustenance and victory of the  APC in Benue state from 2011 to date. Akume is expected to pull his magic wand to send the PDP out of Government House.

    Alia’s running mate,  Sam Ode, Gen. Lawrence Onoja, Austine Agada, Nelson Alapa, and Chief John Ochoga are also expected to play key roles in their zone. 

    *Jos

    The ruling APC  in Plateau State has not left any stone unturned in its quest to emerge victorious on Saturday. Its governorship standard bearer is   Nentawe Yilwada. The party equally has viable candidates for each of the 21 state constituencies.

    As a ruling party, the APC  initially thought the  February 25 poll would be an easy ride. It got a rude shock from the PDP and LP.   

    The results of the presidential election showed that the APC won in three of the 17 councils in the state, PDP,  three and  LP,   11.

    PDP won two of the three Senatorial seats, and five of the eight  House of Representative seats. The        APC won the remaining three House of Representative seats. 

    Though the APC may not have performed well in the presidential and National Assembly elections in the state,  the victory of  Asiwaju Bola  Tinubu has given it a fresh vigour.

    It has already formed an alliance with the New Nigeria People’s Party (NNPP), the Action Alliance (AA), and the African Democratic Party (ADP) to check the PDP and LP’s quest to unseat it.

    *Niger

    There are indications that the LP  in Niger State will collapse its structure and support the PDP ahead of the polls on Saturday.

    Efforts by The  Nation to speak with  LP’s  Governorship Candidate, Joshua Bawa, about the development failed.

    There were also some intrigues among   Christians as a statement by the state branch of the Christian Association of Nigeria (CAN) advised members to consider a candidate with character, a clean record and a credible lifestyle for their votes.

    But a group, of APC Christian Politicians in the state, dissociated itself from the statement, saying that it was meant to rubbish the image of Christians in the state.

    Northcentral and Northwest

    In Nasarawa State, the governorship poll will be keenly contested by Governor Abdullahi Sule of the APC, and David Umbugadu of the PDP

    Sule and  Umbugadu are leaving no stone unturned to ensure that they emerged victorious on Saturday.

    Sule remains confident of carrying the day going by his people-centred programmes.

    Political pundits are of the view that except a miracle happens, it might be difficult to oust the    APC in the governorship race.

    He currently enjoys the support of six political parties and their governorship candidates, who to stepped down for him.

    The parties–   SDP, ADC, NNPP, NRM, ZLP and a   faction of the LP– collapsed their structure in his support..

    The state LP chairman, Alex Emmanuel Umbugu clarified that an alliance with PDP applies only to the governorship position, adding that all the LP House of Assembly candidates are going into the election.

    He expressed optimism that with the merger,  Umbugadu would win the governorship election. 

    Also in Kaduna State, the ruling  APC began door- to- door campaign and visits to traditional and religious leaders.

    The PDP on the other hand is making frantic efforts to win other opposition parties to its side, to ensure it has a smooth sail during the election on Saturday.

    Six smaller political parties declared support for the PDP  while  60 de-registered parties endorsed  APC’s candidate Uba Sani. But    major opposition parties like the  LP,  NNPP) and  ADP insists on going to the poll on their own.