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  • Alleged N1.6b debt: Bank seeks wind up of firm

    Alleged N1.6b debt: Bank seeks wind up of firm

    Nova Merchant Bank has asked the Federal High Court in Lagos to wind up Midwestern Oil and Gas for failing to liquidate an alleged N1,648,649,286.68 debt.

    The bank made the prayer in a pettion in suit FHC/L/CP/2641/2023 filed on December 19 by its lawyer, Oluwakemi Balogun. The bank also filed a motion on notice seeking leave to advertise the petition in Federal Government Official Gazette, a national newspaper and others circulating in Lagos State. Nova said the “respondent is insolvent and unable to pay its debt or meet its obligations.”

    It prayed that “the respondent, Midwestern Oil & Gas Company Limited, be wound up by the court under the provision of the Companies and Allied Matters Act 2020 for its inability to pay its debt … N1,648,649,286.68.”

    The petition noted Nova Merchant Bank by an offer letter of July 26, 2021, granted a N3 billion credit facility to Energy Link Infrastructure for a project Energy Link Infrastructure was undertaking for OML 18 (owned and operated by Eroton E &P).

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    The securities for the facility were an “Irrevocable Domiciliation of $2 million proceeds from exclusivity agreement with Shell Western Supply & Trading Limited” and “Corporate Guarantee of Eroton Exploration & Production Company Limited.”

    It said Energy Link failed to offset the loan repayment at its first maturity date  (October 25, 2021) and asked the bank for an extension. The petitioner extended the credit facility by another offer letter, dated January 5, 2022.

    The respondent covenanted its Corporate Guarantee dated January 5, 2022, as security for the credit facility granted to Energy Link, which covered the N3 billion.

    The facility was tenured for 180 days with 60 days of loan repayment and an interest rate of 18 per cent per annum.

    Again, due to inability of Energy Link Infrastructure to repay and upon an application by them, the petitioner by an offer letter of August 16, 2023, restructured the credit facility.

    It said Energy Link again failed to pay. The bank hired a solicitor, whose fee is 15 per cent of the sum as of November 28, 2023, at N215, 041, 211.306.

    This brought the respondent’s total indebtedness to N1,648,649,286.68 as of when the suit was instituted.

    “The failure of the respondent to pay the petitioner the sum owed has caused great financial hardship on the petitioner.”

    Our reporter could not reach the firm for its response as the number on its website was unreachable.

  • ‘Time to join hands with Abiodun’

    ‘Time to join hands with Abiodun’

    By Femi Ogbonnikan

    It’s the dawn of a New Year. A harbinger of a renewed hope for all and sundry! “By the circumstances of the recent past, the precarious socio-economic challenges of 2023 had been quite enormous. But not tough enough to make us lose our sense of direction. No matter how dark or thick the cloud may be, there is always a silver lining in the sky. Together, we must unite and work assiduously to make things better for the prosperity of the generality of the citizenry in this new dawn”.

    That was the key highlight of the New Year message of Governor Dapo Abiodun to the people of Ogun State in his broadcast on Monday. As he rightly pointed out, it’s been a challenging time for the nation, private concerns, individuals, and businesses. He, however, emphasized more the need for unity of purpose and collective determination to make the state great through the ethos of hard work, diligence, and togetherness as encapsulated in the ISEYA mantra of his administration.

    Now is the time to work with the government to meet the aspiration of the people for a better life. Regrettably, the last six or couple of months ago have been characterized by distractions, arising largely from the prolonged litigation that trailed the March 28 governorship election. While the legal crossfire lasted, quite a lot of times, energies and resources had been expended on the defence of the people’s mandate, beginning from the governorship Election Petition Tribunal all through the Appeal Court, culminating in the affirmation of the results declared by the Independent National Electoral Commission (INEC) in favour of Governor Abiodun. Along with it, there has also been a great deal of anxiety combined with the physical and emotional pains of going and coming out of court. For whatever reason, the State can ill-afford any further waste of time on frivolity.    

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    While optimism is high that, by the Grace of God, the Supreme Court will soon lay the matter to rest, it is imperative to appeal to all stakeholders to join hands with the government to consolidate the foundation of success the Abiodun administration has laid by transforming the economy of the state to a leading investment destination in Nigeria and beyond.

    And time is of the essence. Fighting six months of legal battle out of a four-year tenure is a great deal of loss to the government and the people of the state. The way out is to give the governor the necessary support for him and his team to redouble their efforts to cover the lost ground. Otherwise, the commitment of the administration to sustain the stability of the economy, and build more infrastructure to attract industrial investments and other basic social needs will turn only out to be a rope of sand.

    Beyond rhetoric, the task of building virile and sustainable economic growth is a collective responsibility. The government’s side of the bargain is to be seen leading the charge by creating an enabling environment for industries to thrive as well as the necessary incentive for the youths to be a part of the vision to boost productivity.

    For enhanced performance, Governor Abiodun has set out new priority areas to align with the overall agenda of his administration to expand the state’s Gross Domestic Product (GDP). This is apart from the current aggressive revenue drive which has earned Ogun an enviable position of a leading state with the highest percentage of IGR to federal allocation, coming next to Lagos in terms of the capacity for self-sustenance without the support of the centre.

    The celebrated feat is the outcome of the survey recently conducted by Economic Confidential, measuring the Internal Revenue Generating capacity of each state as a percentage of federal allocation and putting Ogun State on the front roll. Apart from the benefits of reduced dependency on revenue allocation from the Federal Government, the State is now poised to witness unprecedented infrastructure development in 2024.   

    “Our efforts have not gone unnoticed, as we have been rated the number one state in the country in industrial revolution by Forbes Africa. We have also been adjudged by BudgIT as the number one state in improved internally generated revenue, IGR, and also as one of the two (2) resilient states having generated more IGR than allocations received from the Federal Government.

    “As we navigate the New Year, having signed the 2024 Budget named ‘Budget of Sustained Growth & Development’ into law, our commitment to your well-being, welfare, development, and prosperity remains unwavering we will continue to build on the foundation established in the last four years,” he said.

    The governor in his New Year broadcast, enthusiastically gave assurance that his administration would redouble its efforts towards meeting the basic needs of the people. His enthusiasm stems from the developmental strides he has recorded in the last four years of his first tenure and the readiness of his administration to do more in his second term. 

    He noted that 2023 had been a challenging year for many Nigerians as a result of the precarious economic situation in the country. He, however, commended the people for their resilience, steadfastness, and infinite forbearance in the face of all odds. “In 2023, we faced numerous challenges, but together we were resolute, focused, and we emerged united and stronger. I want to express my heartfelt appreciation to you, the good citizens and residents of Ogun State, for your unwavering support, cooperation, resilience, and unflinching loyalty,” he said.

    Taking stock of the laudable achievements of the government in the last five years, he added: “We have prioritized the provision of the required infrastructure, particularly in the transportation sector. We have constructed or rehabilitated over 500 kilometres of roads across the state, thus ensuring improved transportation and connectivity. Our commitment to equitable development is evident, as these works are spread across our 20 Local Government Areas in the state.

    “We have also embarked on our multi-modal transport master plan, encompassing land, air, water, and rail modes of transportation. The Gateway Agro-Cargo airport project initiated a little over 2 years ago is set to commence passenger and cargo operations in the first quarter of 2024. This world-class airport and economic enabler will provide over 25,000 job opportunities.”

    For the transport sector, he stated that Ogun State remained the first in Nigeria to deploy Compressed Natural Gas (CNG) fueled buses. This, he said, had resulted in reduced transport fares.

    To ensure food self-sufficiency, he disclosed that over 700,000 tree seedlings had been planted in the forest reserves to combat deforestation, while over 40,000 farmers had been empowered to promote agribusiness

    On top of all these is the improvement in healthcare service delivery. According to the governor, over 100 primary healthcare centres spread across 100 wards have been renovated and equipped, while Ilera-Dero, a Health Insurance Scheme, has also been established to enhance accessibility and affordability. 

    As a government that places a premium on the provision of adequate shelter for all, over 3,000 affordable housing units have been constructed across the state to bridge the deficit gap that exists between the demand and supply sides of affordable housing.

    Infrastructure is the catalyst that drives industrial growth. Accordingly, since the inception of the present administration, the state government has been pursuing aggressive road infrastructure development across the three senatorial districts. And on this note, the Governor had this to say with a deep sense of fulfillment: “We have constructed, reconstructed, and rehabilitated over 500 kilometres of roads. The 45km Sagamu Interchange-Siun-Abeokuta Expressway, now renamed the Muhammadu Buhari Expressway; the 14km Ijebu-Ode/Epe/ Mojoda expressway; the 19km Atan-Lusada-Agbara tolled expressway which is near completion, and other road projects spread across all four zones of the State, have been newly constructed, rehabilitated, or reconstructed.”

    Though a stable supply of electricity for industrial growth remains largely a growing concern in Nigeria, he has not faltered in his responsibility to improve efficiency in the power sector. “Our Community Electrification Project has improved power supply in the 20 Local Government Areas, while the expansion of the Ogun State Electricity Distribution System will cover more areas especially the corridor from the Sagamu Interchange to Abeokuta (As a phase 1 Project), he stated. 

    Complementary to this, the administration has also been unrelenting in its commitment to ensuring sustainable improvement in the Ease of Doing Business in the state. As recent evidence has shown, since its inauguration in 2019, the Abiodun-led administration has consistently invested in the automation of business processes to improve the Ease of Doing Business Index in the state. This initiative includes rapid response to permit requests, tax administration, and payment processes. All of these can now be initiated and completed online stress-free.

    Provision of security is one of the topmost priorities of the Abiodun administration. As such, it has continued to strive to strengthen the already established Security Trust Fund and also ensure regular procurement of relevant security gadgets, including drones, for security agencies in the state, while also augmenting the allowances and living conditions of security personnel to enhance security and safety in the state.

    While a lot still needs to be done to achieve the overall agenda of sustainable economic growth, bridge the infrastructure deficit gap, enhanced healthcare delivery, youth, and women empowerment, and food security, among others, there is expectation that the 2024 budget will sustain the commitment of the administration to the improvement of the welfare of the generality of the citizenry. 

    Governor Abiodun, signing the budget into law, reiterated his determination to make Ogun State Nigeria’s infrastructure capital. He gave this assurance, while signing the Bill tagged “Budget of Sustain Growth and Development,” into law after it was presented to him by the Speaker of the House of Assembly, Rt. Hon. Olakunle Oluomo, supported by principal officers of the House at the Governor’s Office, Oke-Mosan Abeokuta.

    He expressed delight that the state had continued to grow in leap and bounds in the last five years, stating that the budget was a testament to his administration’s commitment to the irrevocable implementation of its vision.

    “When we assumed office on the 29th of May 2019, we were committed to a vision to ensure that we create an enabling environment for investments and investors to strive in Ogun State, believing that that is very fundamental to the economic development of our state and the individual prosperity of our people.

    “Today, we have a budget that has become law, that is more than twice our budget when we assumed office. Year after year, we have successfully implemented our budget to the tune of a minimum of 70 percent.

    “The economy of our state has continued to grow. We have been accorded the rightful place as the state with the most improved economy in Nigeria, fastest growing economy in the country, one of the two most viable states in Nigeria, one of the two states, whose Internally Generated Revenue exceed Federal Allocation. These have been made possible by the collective hard work and commitment of all of you,” he said. 

    This is a clarion call on all and sundry to join hands with the administration to take the state to the next level of its developmental agenda.

    • Ogbonnikan writes from Abeokuta, Ogun State capital

  • Niger, firm to secure one million food tons

    Niger, firm to secure one million food tons

    Niger State Governor, Mohammed Bago, has sealed a Framework Agreement for Commodities Off-take between Niger Food Security & Logistics, and Tropical General Investments (TGI) to enhance food security and growth.

     The deal, anticipated to stimulate the production of up to one million tons of food annually, will engage over 100,000 farmers cultivating over 100,000 hectares of arable land in the state.

     TGI noted in a statement that the state will spearhead the cultivation, harvesting, aggregation and sales of vital crops, such as paddy, soya beans, maize, and sesame seeds.

     Acting as the Off-taker, TGI Group will assume responsibility for the seamless purchase and transportation of the farm produce.

     TGI Group is a conglomerate encompassing WACOT Rice, WASIL, CHI Pharmaceuticals, WACUB, among others.

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     Bago described the partnership as historic, adding: “This is history made, not in the making. We have concluded on various pieces of land we have in Niger State. The traditional institutions and the local government system have also been mandated for advocacy. I can assure you in less than three months, we can deliver you from aggregation, even before cropping, in any quantity of whatever you want from Niger State…”

     Mr. Farouk Gumel, vice chair of TGI Group, Africa, added: “This agreement will ensure WACOT is fed with the needs to meet our global orders. We have WACOT Rice Limited – the biggest, single rice mill in sub-Saharan Africa; to produce our premium rice, we need paddy, and Niger will supply us paddy.

     “We have one of the largest poultry businesses on the continent, and Niger is stepping up to ensure we get the maize we need to feed the poultry for the product we produce.

     “… this partnership anticipates production of 600,000 to one million tons of food annually… this initiative will engage over 100,000 farmers cultivating over 100,000 hectares of arable land in Niger. The projected economic influx is staggering, promising over one trillion annually to bolster the state’s economy.”

     The statement noted: “Highlighting the commitment of Union Bank – an institution where TGI Group is a strategic investor – an partner in this venture, an investment of N50 billion is earmarked to commence the collaboration with Niger Foods…’’

    This infusion of capital is set to kickstart production, with the ambitious timeline set for January 2024.” 

    TGI Group said it “welcomes inquiries and requests for further information regarding this landmark collaboration.”

  • Why I want to govern Ondo, by Ehinlanwo

    Why I want to govern Ondo, by Ehinlanwo

    By Soji Ikotun

    The Sunshine State has been embroiled in series of political crisis that has created huge vacuum in governance; these turmoils have drastically threatened the stability of the State and have deprived the good citizens dividends of democracy due to intrusion into governance by non-state actors in Ondo politics.

    These detestable lacunas must not plague Ondo anymore, a Yoruba adage says, “where two elephants fight, the grass suffers most”. Political stalwarts and analysts in and outside the State will agree that Ondo deserves best. In the history of the Southwestern region, Ondo State plays a big brother role, let alone within its topographical entity.

    Concern about the deplorable state of affairs in the State, and due to his age long enthusiasm for the wellbeing of indigents of Ondo State and the residents, Dr. Soji Ehinlanwo is obeying the clarion call, by aspiring to become the elected governor of the State, in the November 2024 governorship election under the flagship of All Progressive Congress, APC. The aim is to extricate Ondo State from the present quagmires.

    A thorough bred politician per excellent, Ehinlanwo, has a belief, that ideas grow better when transplanted into other like-minds than where they sprang up, saying he has a better experience because he has been standing on the shoulders of giants within Ondo State, Nigeria and across the globe.

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    In Henry Ford’s word, “coming together is a beginning, staying together is progress, and working together is success,” to Ehinlanwo, his philosophy stands doggedly on the long history of humankind that those who learned to collaborate and improvise most effectively have prevailed in life endeavours.

    Ask, what is Dr. Soji Ehinlanwo (DSE), coming to do differently in 2024 as the governor of Ondo State, having contested in previous election as the candidate of the Defunct Congress for Progressive Change, CPC, one of the parties that fused into the APC, he affirmed that Ondo being the Sunshine State, must retake its rightful place in the ‘comity of States’ across Nigeria.

    The APC leading gubernatorial aspirant in Ondo State, Dr. Soji Ehinlanwo added that he decided to join the race because the Almighty God has ordained him to steer the wheel of progress of the State at this phase. Saying as an indigene of the State, he heeded the call to serve Ondo state with his experience, exposure and passion for infrastructural and economic growth. “The call and request of my elders, supporters spread all over Ondo State to come forward and redirect the ship of Ondo State to the shores of prosperity. I consider it an honour, and a rare privilege to have been invited by well-meaning Ondo State youths, elders, women, and other stakeholders to be part of the process of effecting the desired change in the state.”

    Reacting to questions during a media session in Akure, Ondo State capital, Dr. Soji Ehinlanwo vividly highlighted areas of concentration, which his administration will prioritize if elected in the November 2024 gubernatorial election to include, issues of security, agriculture, housing, education, health and environment, employment as well as transportation. His words; “I will make Ondo State a state that is commercially viable via mechanized agriculture. Our people must be encouraged and supported to return to farming while my administration will champion the Agricultural remigration. In achieving our goals in agriculture development, we will complete the value chain to our endowed Oil Palm and Cocoa Plantations, Forestry and other valuable cash crops. This will create jobs for our young graduates. Investment in medium scale businesses will change the narratives that Ondo State is a Civil Service State. I will wholeheartedly support entrepreneurship among the youths because that is the surest way to creating enduring wealth. We are pose to turn Ondo state into a veritable industrial haven.

    “We are bringing new innovative and creative ideas through the provision of quality education, healthcare, and gainful employment for our teeming youths, women and elders in our communities. Security will also take centre stage; we will create an enabling environment through the deployment of modern technology for the security of lives and property. In Ondo State under my watch, all security agencies and apparatus will be fully deployed to make every nooks and crannies of the State safe. Intelligent gathering will also play prominent role as all hands will be on deck to ensure total safety of lives and property.

    “I am very certain that all our promises are achievable, our mandate is to make Ondo State flourish again. My administration would be guided by technology-driven approach to governance, equity and inclusiveness, quality representation, respect for rule of law, and social welfare to cushion the effects of economic meltdown.” Dr. Ehinlanwo assured.

    On education, Ehinlanwo said that any government that neglect investment in educating its younger generation will perish, he promised to take education very seriously, adding that out-of-school children will be off the streets and will be enrolled in school. He assured that infrastructural renewal and upgrades in public schools, shortage of school teachers will be addressed alongside. On healthcare, the governorship hopeful decried how patients roamed about premises of general hospitals because of lack of hospital beds, saying adequate infrastructure would be provided, his administration would embark on automation of health facilities, adding health insurance will be made compulsory and available to the less-privileged and vulnerable for free, to improve access and affordability.

    In pursuing regional economic integration, the governorship aspirant assured that Ondo State will be in the mainstream of the South Western Region economy. He pointed out that the Coastal resources of the State will play significant role through good use of the coastal line since the Ondo State has the longest in the country, stretching from the riverine areas in the Ijaw/Arogbo/Igbokoda communities and delving into the Atlantic Ocean. Our people can easily commute to and from Lagos using ferries and speed boats. Another area we will explore is the construction of inter-state carriage roads that will easily link Ondo State with the neighbouring states of Ekiti, Osun, Oyo and Ogun States, these efforts, will boost economy vibrancy of Ondo State.

    What stands Dr. Soji Ehinlanwo (DSE) out among other contestants are, he has the advantage of being one of the longest, loyal party man, his consistency knows no bound. He has been an active participant in the politics of Nigeria, culminating in his nomination as the Governorship Candidate of the defunct Congress for Progressive Change (CPC), one of the three parties that merged to form the All Progressive Congress, APC in the Ondo state 2012 election. He challenged the results of that election at the Tribunal and Court of Appeal. Soji also led the Ondo state CPC in the Ondo APC merger crystallization. He helped to rally several Ondo state indigenes, providing leadership in helping to ensure re-endorsement by the People for the Government led by the former Governor, the late Rotimi Akeredolu. He also led alongside others in campaigning vigorously to ensure the election of a new progressive government for Ekiti State under the leadership of Governor Biodun Abayomi Oyebanji.

    Ehinlanwo is also the Grand Patron of the C&S Movement Church, Igbokoda Branch. In recognition of his professional accomplishments, philanthropic disposition, community/social development efforts, Dr Soji Ehinlanwo was conferred with the prestigious chieftaincy title of Ogwagbeminuyi of Owo Kingdom by his Imperial Majesty -Oba (Dr) Ajibade Gbadegesin Ogunoye 111, the Olowo of Owo land.

    Commenting on franchising the economy of Ondo State for selfish gain, Ehinlanwo if elected promised that the people will experience significant positive changes that will directly impact their lives. Electorates will see an accessible and listening governor. Ondo State will remain first in all the policies and programmes of government. “With my extensive support base and wide acceptance across the State, I appeal to our party leaders, members of the ruling APC, and the electorates that their votes should be the game changer to usher in a new era of peace, security, prosperity and development in Ondo State. It is time for the sun to shine brighter on the good people of our dear State. The dividends of democracy will not come down from heaven but our decision to sacrifice for better tomorrow will guarantee the much anticipated better life. The people of Ondo State are not beggars; they are hardworking, industrious, and honest. They deserve a better deal. That is the Audacity of Faith, we must admit that, “Ondo ti Soji”.

  • Ifeyinwa’s amazing wig to kitchen story

    Ifeyinwa’s amazing wig to kitchen story

    Renowned Chef Ifeyinwa Nzeka has made a name for herself in the culinary business. The Law graduate of University of Benin is the Director of Food Services, Eating Nigeria Foods Ltd., a food and kitchen management services company that uses fresh, high-quality ingredients and innovative techniques to create memorable dining experiences. She shares her inspiring story as well as her plans to float a farm project that would drive agri-tourism with DANIEL ESSIET.

    The drew strength from her innovative approach and commitment to culinary excellence to claim a spot in the highly competitive industry. And by also sticking to her philosophy which revolves around showcasing the rich and diverse flavors of Nigerian cuisines while preserving their traditional essence, seasoned Chef/Director of Food Services, Eating Nigeria Foods Ltd., a company that offers food and kitchen management services, Ifeyinwa Nzeka, has carved a niche for herself in the culinary world.

    Barely nine years after she started the business in 2015, Ifeyinwa, a Law graduate of University of Benin, who has never hidden her passion for promoting local and international cuisines, has managed to ride on the back of her creativity by using fresh, high-quality ingredients to create memorable dining experiences and also give other international fast-food giants a run for their culinary techniques. Today, Eating Nigeria Foods Ltd. has not only brought unprecedented variety and convenience to the Nigerian food delivery space but also competes head-on with industry giants.

    Ifeyinwa’s flourishing food business started back in 2006 when, after years of working in the food service and hospitality industry, “Where I identified a need which my business could fill.” She told The Nation that her ability to shape the entire food delivery value chain, from sourcing the finest ingredients to crafting unique culinary methods, ignited her entrepreneurial drive and pushed her to pursue the path wholeheartedly. “Although, I am a Law graduate, I walked straight into culinary school to be Cordon Bleu trained right after my bar exams, pursuing my passion for the culinary profession,” she said.

    Ifeyinwa, however, said her entrepreneurial journey wasn’t as straightforward as it appears.  Her words: “I had to appeal when my visa to travel was denied because the choice to study a Cordon Bleu diploma at the time didn’t show a progression in my education….”  I penned down a passionate appeal on my reasons which included how passionate I had been about cooking and dishing out delicious meals to friends and family from a young age and how I had my parents’ support and I won the appeal,”

    The budding food entrepreneur said at the time, a number of her colleagues were traveling for their Master’s degree but there she was traveling for a culinary education after studying law with her parents having to pay even more money than the cost of a Master’s degree. She particularly credited her dad’s entrepreneurship with providing the inspiration for her business. “My dad was an entrepreneur so, I think watching him start a food processing business from scratch was an initial catalyst. My mum worked full time but at every point in time, I watched her have a side gig as an entrepreneur, from having a drinks distributorship store to an arcade game shop to a salon to a boutique to a poultry farm at retirement,” she said.

    Flowing from this narrative, Ifeyinwa said she believes she caught her entrepreneurial bug from her parents. “Then, I remember helping out in my dad’s factory when on holiday from secondary school as well as frying puff puff and buns to sell to his workers. When I was waiting to go to Law School after my law degree from the University of Benin, I set up a small bakery where I baked bread. I made the bread loaves all night myself and then hired my first employee to help with the sales during the day.

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    “At some point, I was selling packaged homemade cookies to staff at the head office of a telecoms company. So, I had dabbled into food entrepreneurship off and on from my teenage years. When I returned from culinary school, I began working in the food service and hospitality industry for several years before starting a food business,” she recalled, noting that she currently still juggles working with a renowned food service business as director of operations, which she enjoys while running her own food business on a 50/50 share of her available work time each week.

    Ifeyinwa said the name of the game in the burgeoning food business is constant innovation. “What make the market so competitive are not just the international chains and investment money pouring in, but also constant innovation in trends and fads on the part of existing businesses. She said within the food industry, many of the big players are coming in, while she and other older players are taking the business seriously by deploying new strategies to give them extra leverage.

    The other leg of her constant innovation and strategy, according Ifeyinwa, is the unique way she manages the supply chain of low-shelf life products. Her words: “In our business, low-shelf life products are mostly perishable items like vegetables and dairy. So, we have them supplied or purchased more frequently in smaller batches than other products to avoid wastages. Meals we make are made fresh and for baked items, we engineer the menu such that the baked goods we offer that cannot be made when a customer orders due to time to execute, freeze well and taste fresh when defrosted.”

    But how does this Lawyer-turned food entrepreneur balance business profitability with her motto of giving ‘highest quality at the lowest price’? “Well, I am not sure about the ‘lowest price’ factor as that is arguable, but we aim to offer the highest quality at a low price because we do not believe that people need to break the bank to be able to afford quality meals and food products. To be profitable, we are very big on controls.  We strongly believe in the quote that says “If it cannot be measured, it cannot be managed,” she told The Nation.

    She said she measures a lot of things in other to manage them better in her food business, which keeps costs in check and translates to being able to offer more competitive prices for quality meals and food products to clients and customers. She also added that her

    distribution platform is efficient but is also a work in progress. “We work with reliable suppliers and partners who help make it relatively efficient. However, doing business in our clime isn’t without its challenges but we keep pushing and keep it moving,” she indicated.

    Indeed, it hasn’t been a stroll in the park for Ifeyinwa; she has had to overcome a number of challenges in her climb to the top, one of which was cash-flow problem. “I think that one of the biggest hurdles I have had to overcome in my business was when we went to ground zero in terms of cash flow and revenue for several months. Our business was grounded and after borrowing to keep a few staff and keep the business operational, I eventually had to let all the staff go. I had walked away from the major kitchen management business we had because of unfavorable business conditions,” she revealed.

    She said business was good in the first year, but when her clients realized how much money they had to pay out to her company for its services, “they began to stifle us to have our staff as their employees while paying us a stipend, stiffening the contract terms.’’ “I declined and walked away. It was a trying time for our business and I just gave myself some time. You know, sometimes, all you can do is let go and let God take control, and when I did that, other doors began opening with time,” she said.

    The current economic situation in the country has also tasted Ifeyinwa’s resilience as an entrepreneur. “With the current economic situation, which has led to high food inflation and increased cost of raw materials, ingredients and operational costs, it hasn’t been easy and I want to take a moment to send well wishes to all fellow food business owners. It has been a difficult time but we will win,’’ she said

    To get round some of the challenges she faced, especially as they relate to operating losses that take the largest toll on business revenue, Ifeyinwa said she incorporated smart and intelligent management strategies to minimize cost of operations. “We prioritize cost controls. We work to keep our costs low to be able to shoulder unforeseen costs that could otherwise hurt revenue and margins,” she divulged, pointing out that although, her company is now well-established, she is determined to continually innovate in order to maintain market share.

    According to her, one of the strategies she has adopted is to deliver exceptional dining experiences by building an organisation where people are inspired to better their lives. She said she is always looking to add a variety of innovative flavors and elevating classic comfort foods to her menu and she is delighted to see the positive response from customers. The team, she said, explores classic authentic flavors to stay ahead of flavor trends, and listens to guests’ feedback as a source of insight for new menu ideas.

    For Ifeyinwa, it’s all about putting guests first in terms of the food the company serves, the overall dining experience and also listening to their evolving needs and wants. One of her strong points is exploring new opportunities and building connections to understand the opportunities. Over the past five years, her team has also focused on adapting to the challenges and opportunities brought about by advancements in technology.

    Beyond embracing opportunities offered by technology, the budding food entrepreneur has also identified a huge opportunity in the agribusiness space. “We need to grow and produce more food within the country. We need to do more in the agricultural sector as it relates to food for consumption by the populace,” she said, adding, ‘‘we also need to process more of the food that we grow and produce to minimise our food import dependence. Our business is evolving to be able to grow a part of what we use for our meals and food products in order to benefit stakeholders and customers.”

    According to Ifeyinwa, the food industry has transformed over the years in keeping with the pace of economic growth. She said as the middle class expands and parents prioritize healthy eating habits, there is a huge demand for high-quality, innovative, and convenient food products. “I think the future of food, specifically in Nigeria will be more organised and productive with more people as well as food service businesses being able to source the bulk of their food requirements with ease from within the country,’’ she projected.

    Apparently in readiness for this envisaged rosy future for the food industry, Ifeyinwa said “We are currently working on a vegetable and goat dairy farm project that would also be an agri-tourism space. That’s our major focus for this year, building it out and getting it up and running.”

    Hugely successful and roaring to further expand the frontiers of her flourishing enterprise, Ifeyinwa’s unmistaken humility, calm disposition and tenacity are a study in on how other women can navigate the challenges in the Nigerians entrepreneurial space. For instance, responding to a question on how she defines success, she said, in a remarkably profound manner: “I measure success based on a state of mind rather than in monetary terms. For me, success is a life filled with happiness and peace of mind.  While failure hurts particularly when it is fresh, when I look back, I realize that all of the failures in the past have made me better, taught me, prepared and made me stronger and wiser. With this, I am better able to manage failure by looking back at past failures and knowing it will pass and I will learn and will be all the better for it.”

  • FMC plans prices crash of IVF births

    FMC plans prices crash of IVF births

    • Minister opens centre in Lagos

    The In vitro fertilisation (IVF) centre of the Federal Medical Centre (FMC), Ebute Metta, Lagos, will crash the price of procedure, the Medical Director of the institution, Dr. Adedamola Dada, said yesterday.

    Dada dropped the hint at the opening of the Clinical Building at the hospital.

    He said the IVF centre, which is part of the new clinical building, will help more Nigerians to have access to IVF.

    IVF is the joining of a woman’s egg and a man’s sperm in a laboratory dish.

    It is one of the most widely known types of assisted reproductive technology (ART), which works by using a combination of medicines and surgical procedures to help sperm fertilise an egg, and help the fertilised egg implant in the uterus.

    The CMD said: “We all know about IVF and how expensive it is to access.

    “As a public institution and we have a very large volume of patients and quite a large number of patients who actually need the service, we have been able to do our calculations.

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    “We are very confident that we’re going to be able to crash the cost of IVF in Nigeria once we start working.”

    According to Dada, the building also have an opthalmology centre and a 50-bed male and female wards to increase the number of beds in the hospital and a cardiology laboratory.

    He said: “The reason why we have created a new ophthalmology centre is because we have realised that there has been a progressive increase in the number of ophthalmology patients.

    “The ophthalmology centre has two theatres and four consulting rooms. So we’re going to be able to see more patients and more patients will be able to have their surgeries.

    “On the second floor is a 50-bed new admission facility, which is made up of both male and female.”

    “This will increase the number of beds that we have in our hospitals substantially and a cardiology lab that will enable Nigerians to access specialist care promptly.”

    Opening the facility, the Minister for State for Health and Social welfare, Dr. Tunji Alausa, reiterated the commitment of the Federal Government to improving healthcare delivery in the country.

    The minister assured that President Bola Ahmed Tinubu, was working to ensure that healthcare delivery to all Nigerians remains one of the top priorities of his administration.

    The minister noted that the facility in place at the FMC attested to commitment of the government to make healthcare accessible and affordable to Nigerians.

  • Reps considering Bills to establish 47 new federal varsities, 56 FMCs

    Reps considering Bills to establish 47 new federal varsities, 56 FMCs

    The 10th House of Representatives has passed for the second reading the Bills seeking to establish 47 new federal universities in various states in its first six months.

    The House has also passed for the second reading 56 other Bills to establish Federal Medical Centres (FMCs) across the country.

    The Nation reports that the Bills are part of about 962 proposed laws that were passed by the House for first reading in the last six months after its inauguration.

    The House is also said to be considering some other Bills to establish about 32 Federal Colleges of Education, 11 Federal Colleges of Agriculture and five Federal Polytechnics, besides those already in existence.

    There are currently 45 Federal universities, 22 FMCs, 27 Federal Colleges of Education and 40 Polytechnics across the country.

    It was learnt that some of the Bills, which were passed by the Ninth Assembly but either did not get concurrence from the Senate or were not signed by the President, have either been reconsidered and passed or are currently awaiting consideration by the House.

    Several others are awaiting a debate on the general principles and passage for second reading, when the House resumes from its Christmas break.

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    The universities being considered include those of Science and Technology, Agriculture, Medical Science, Sport, Aviation, among others.

    The House is also said to be considering various Bills to establish colleges of vocational and skills acquisition, colleges of entrepreneurial studies, cancer research centres, among others.

    A study of the House’s Order Paper listing the institutions and other Bills under consideration showed that Lagos State, for example, has requested for the establishment of three new Federal Medical Centres, besides the existing one.

    Addressing members of the House before going on the Christmas break, House Speaker Tajudeen Abbas said the Green Chamber received and considered 962 Bills, 500 motions, and 153 petitions in six months.

    The Speaker said of these numbers, 120 Bills had passed the second reading and were undergoing further review and fine-tuning to address some of the concerns raised during the debates.

    He added that another 120 Bills had been referred to committees for in-depth analysis.

    Abbas said: “We have also successfully passed many other Bills, which have been transmitted to the Senate for concurrence.

    “Notable among these Bills are: the Electricity Act (Amendment) Bill, 2023; the Federal Audit Service Act (Amendment) Bill, 2023; 2022 Supplementary Appropriation Act (Amendment) Bill, 2023; and the Oath Act (Repeal and Enactment) Bill, 2023.

    “Other critical Bills passed by the House include the Control of Small Arms and Light Weapons Bill, 2023; Federal Fire and Rescue Service Bill, 2023; Administration of Criminal Justice Act (Repeal and Enactment) Bill, 2023; Niger Delta Development Commission Act (Amendment) Bill, 2023; Nigerian Medical Research Council (Establishment) Bill, 2023; Nigerian Peace Corps (Establishment) Bill, 2023; and more recently, the South East Development Commission (Establishment) Bill, 2023.

    “The Defence Industries Corporation of Nigeria (Repeal and Re-enactment) Bill 2023, which we passed, was assented to by President Bola Ahmed Tinubu on November 23, 2023. It repealed the 1964 legislation and replaced it with a more contemporary legislation that empowers the Defence Corporation to manufacture, store and dispose of ordinance. All these Bills are intended to provide immediate relief and long-term solutions to the challenges that have plagued our society.

    “Through these Bills, we aim to empower our citizens, enhance social justice, promote economic growth, and promote peace and security.”

  • NAF postpones recruitment for Trades, Non-Tradesmen/women

    NAF postpones recruitment for Trades, Non-Tradesmen/women

    The Nigerian Air Force has shifted this year’s zonal attitude test for recruitment of Trades and Non-Tradesmen/women from January 6 to January 13.

    The service announced this in a statement yesterday in Abuja by its Director of Public Relations and Information, AVM Edward Gabkwet.

    Gabkwet urged all applicants to note that all other details remained unchanged.

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    “This is to inform applicants and the general public that the Nigerian Air Force (NAF) recruitment zonal attitude test for Trades and Non-Tradesmen/women, earlier scheduled for January 6 will now be held on January 13.

    “The NAF regrets all inconveniences this postponement may have caused applicants,” the statement said.

  • NUC lists 58 illegal degree-awarding varsities in Nigeria

    NUC lists 58 illegal degree-awarding varsities in Nigeria

    The National Universities Commission (NUC) has listed 58 illegal universities operating in Nigeria.

    The names include those claiming to be affiliates of foreign universities in the country.

    Also, nine degree mills are currently undergoing further investigations and/or court actions.

    The development followed the suspension of degree certificates from two Francophone West African countries after an undercover journalist detailed how he acquired a degree from a university in Benin Republic under two months and was deployed for the National Youth Service Corps (NYSC).

    In the list below, institutions that have “other campuses” are indicated with “others”; those ‘”operating anywhere in Nigeria” have “anywhere” as suffix. They are as follows:

    University of Accountancy and Management Studies, operating anywhere in Nigeria; Christians of Charity American University of Science and Technology, Nkpor, Anambra State, or any of its other campuses; University of Industry, Yaba, Lagos or any of its other campuses; University of Applied Sciences and Management, Port Novo, Republic of Benin or any of its other campuses in Nigeria; Blacksmith University, Akwa, or any of its other campuses; Volta University College, HO, Volta Region, Ghana or any of its other campuses in Nigeria; Royal University, Izhia, P.O. Box 800, Abakaliki, Ebonyi State, or any of its other campuses; Atlanta University, Anyigba, Kogi State, or any of its other campuses; United Christian University, Macotis campus, Imo State or any of its other campuses; and United Nigeria University College, Okija Anambra State, or any of its other campuses.

    Others are: Samuel Ahmadu University, Makurdi, Benue State, or any of its other campuses; UNESCO University, Ndoni, Rivers State, or any of its other campuses; Saint Augustine’s University of Technology, Jos, Pleateu State, or any of its other campuses; The International University, Missouri, U.S.A., Kano and Lagos studies centres, or any of its other campuses in Nigeria;  Collumbus University, UK, operating anywhere in Nigeria; Tiu International University, UK, operating anywhere in Nigeria;  Pebbles University, UK, operating anywhere in Nigeria; London External Studies, UK, operating anywhere in Nigeria; Pilgrims University operating anywhere in Nigeria; and  Lobi Business School, Makurdi, Benue State or any of its campuses in Nigeria.

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    The NUC also listed:  West African Christian University, operating anywhere in Nigeria; Bolta University College, Aba, or any of its campuses in Nigeria; JBC Seminary Inc. (Wukari Jubilee University), Kaduna, illegal campus; Western University, Esie, Kwara State, or any of its campuses in Nigeria;  St. Andrews University College, Abuja, or any of its other campuses in Nigeria; EC-Council USA, Ikeja, Lagos Study Centre; Atlas University, Ikot Udoso Uko, Uyo, Akwa Ibom State, or any of its other campuses in Nigeria; Concept College/Universities (London), Ilorin, or any of its other campuses in Nigeria;  Halifax Gateway University, Ikeja or any of its campuses in Nigeria; and Kingdom of Christ University, Abuja, or any of its other campuses in Nigeria.

    Also listed as illegal are:  Acada University, Akinlalu, Oyo State, or any of its other campuses in Nigeria; Filfom University, Mbaise, Imo State, or any of its other campuses in Nigeria; Houdegbe North American University campuses in Nigeria; Atlantic Intercontinental University, Okija Anambra State;  Open International University, Akure; Middle Belt University (North Central University), Otukpo; Lead Way University, Ugheli, Delta State; Metro University, Dutse/Bwari Abuja; Southend University, Ngwuro Egeru (Afam), Ndoki, Rivers State; Olympic University, Nsukka, Enugu State; Federal College of Complementary and Alternative Medicine, Abuja; Temple University, Abuja; Irish University Business School, London, operating anywhere in Nigeria;  National University of Technology, Lafia, Nasarawa State; . University of Accountancy and Management Studies, Mowe, Lagos–Ibadan Expressway and its annex at 41, Ikorodu Road, Lagos; University of Education, Wenneba Ghana, operating anywhere in Nigeria; Cape Coast University, Ghana, operating in Nigeria; African University Cooperative Development (AUCD) Cotonou, Benin Republic, operating anywhere in Nigeria; Pacific Western University, Denver Colorado, Oweri Study Centre; and Evangel University of America and Chudick Management Academic, Lagos.

    The others listed as illegal are: Enugu State University of Science and Technology (Gboko campus); Career Light Resources Centre, Jos; University of West Africa, Kwali Abuja, FCT; Coastal University, Iba Oku, Akwa Ibom State;  Kaduna Business School, Kaduna; Royal University of Theology, Minna, Niger State;  West African Union University, in collaboration with International Professional College of Administration, Science and Technology, Nigeria, operating anywhere in Nigeria; and  Gospel Missionary Foundation (GMF), Theological University, 165 Isolo Road, Cele bus stop, Egbe, Ikotun, Lagos.

    In addition to the closure, the following degree mills are currently undergoing further investigations and/or ongoing court actions.

    The purpose of the actions is to prosecute the proprietors and recover illegal fees and charges on subscribers.

    They are: National University of Nigeria, Keffi, Nasarawa State; North Central University, Otukpo. Benue State; Christ Alive Christian Seminary and University, Enugu;  Richmond Open University, Arochukwu, Abia State;  West Coast University, Umuahia;  Saint Clements University, Iyin Ekiti, Ekiti State; Volta University College, Aba, Abia State;  Illegal Satellite Campuses of Ambrose Alli University; and  L.I.F.E Leadership University, Benin City, Edo State.

    The NUC said anybody who patronises or obtains any certificate from any of the listed illegal institutions does so at his or her own risk.

  • IG orders immediate suspension of POCACOV’s activities

    IG orders immediate suspension of POCACOV’s activities

    • Police to revamp, restructure unit

    Inspector General of Police Kayode Egbetokun has ordered the immediate suspension of the activities of the Police Campaign Against Cultism and Other Vices (POCACOV).

    POCACOV is a community policing initiative and public relations tool within the Force Public Relations Department of the Nigeria Police Force (NPF).

    The police boss said the decision was part of a strategic effort to conduct a comprehensive review of the unit and reposition it for heightened efficiency and enhanced service delivery.

    A statement yesterday in Abuja by the Force Public Relations Officer (FPRO) Olumuyiwa Adejobi, an Assistant Commissioner of Police (ACP), reads: “Acknowledging the crucial role of POCACOV in advancing community engagement and tackling social vices, the Force recognises the necessity of halting all pending programmes and outreaches, initiated by the present national coordinator, CSP Ebere Amarizu, to facilitate a thorough assessment and restructuring of the initiative to spread across the six geopolitical zones, each with its respective coordinator.

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    “This temporary suspension aims to realign POCACOV’s strategies, ensuring they effectively address contemporary security challenges and holistically serve Nigerian communities better than its present localised and ineffective campaigns.

    “During this period of suspension, the Nigeria Police Force reaffirms its unyielding commitment to safeguarding lives and property across the nation.”

    The police said the revitalisation of POCACOV seeks to reinforce its role as an integral community policing instrument, strengthening the bond between the Force and our communities.

    The Force Headquarters said updates on the resumption of POCACOV programmes and outreach activities would be communicated to the public in due course.

    It added that the Force would continue to prioritise safety, security, and community partnership.