Category: Business

  • Acura MDX: Luxury redefined

    Acura MDX: Luxury redefined

    Luxury? The MDX has it. With high-quality materials and craftsmanship, it handily beats other midsize crossover SUVs in its price range and approaches a level of refinement usually reserved for European makes. With three rows of seats and a cargo area that expands to more than 80 cubic feet, the MDX works quite well as a family-oriented runabout.

    But it’s the Acura MDX’s ability to entertain the driver that is most surprising. It might not be the quickest in its class, but thanks to its 300-horsepower V6, the MDX is always eager to please. And even with its taller SUV stance, the MDX remains poised in the curves, thanks in no small part to an advanced all-wheel-drive system that sends power to the outside wheels when cornering. The MDX is fun to drive on dry pavement and sure-footed when the weather hits.

    The 2013 Buick Enclave is more spacious and undercuts the Acura in terms of price, but it is not nearly as refined or entertaining. For comparable luxury and performance plus a third row, one would have to look toward the pricier 2013 BMW X5 and 2013 Mercedes-Benz GL Class. For all-around achievement, the 2013 Acura MDX is uncommonly good.

    Body styles

    The 2013 Acura MDX is classified as a midsize luxury SUV and seats seven. It is offered in one well-appointed trim level with progressive add-on packages.

    Standard features include 18-inch wheels, automatic xenon headlamps, foglamps, heated mirrors, a power liftgate, a sunroof, rear privacy glass, heated eight-way power front seats, two-way adjustable driver lumbar, a power tilt-and-telescoping steering wheel, leather upholstery, tri-zone automatic climate control, an auto-dimming rearview mirror with integrated rearview camera, Bluetooth phone connectivity and an eight-speaker sound system with six-CD changer, auxiliary audio jack and satellite radio.

    The technology package adds a multiview parking camera, GPS-linked and solar-sensing climate control, upgraded leather upholstery, a navigation system with eight-inch display, voice controls and a 10-speaker Acura/ELS surround-sound audio system with an iPod/USB interface.

    The advance package includes all technology package features and adds 19-inch wheels, adaptive suspension dampers, adaptive cruise control, a blind-spot warning system, a collision warning and braking system, auto-leveling headlamps, sport steering wheel and ventilated front seats. The entertainment package, which can be added to the technology or advanced packages, adds a rear-seat entertainment system, a household power outlet in the front centre console, and heated second-row seats.

    Powertrains and performance

    The Acura MDX is powered by a 3.7-litre V6 that produces 300 horsepower and 270 pound-feet of torque. A six-speed automatic transmission and all-wheel drive are standard.

    In Edmunds performance testing, the MDX accelerated from zero to 60 mph in 7.1 seconds, which is average for this style of luxury crossover. EPA-estimated fuel economy is 16 mpg city/21 mpg highway and 18 mpg combined.

    Safety

    Standard safety equipment for the MDX includes antilock disc brakes, front-seat side airbags, side curtain airbags, active front head restraints and stability control with a stabilizing feature for trailer towing. The optional collision warning and braking system (Acura’s CMBS) monitors following distance and closure rate, and uses visual and auditory warnings to alert the driver to a possible collision. If the system senses an imminent collision, it can apply hard braking and cinch up the front seatbelts.

    Interior design and special features

    The MDX’s interior is not quite as luxurious as those seen in some European crossovers, but the materials are high quality and there are plenty of standard features. The MDX’s electronic features are easy to use via a multipurpose knob and a selection of voice commands. As in most Acuras, the centre stack is loaded with buttons for climate control and multimedia. It is an intimidating array at first, but the controls for the various systems are grouped together, so the learning curve is short. The Panasonic/ELS surround-sound audio system is one of the best in the business, as is the navigation system.

    The MDX is pretty spacious for a three-row midsize luxury crossover SUV. The rearmost seats are better suited to children, but adults can ride there for short journeys without complaint. Second-row seats recline for additional comfort, but if one needs legitimate room for adults in the third row, the Buick Enclave and Ford Flex are better choices. The MDX yields 83.5 cubic feet of cargo space with its second and third rows folded, which is above average for a midsize luxury crossover.

  • Commission recommends communication with customers

    Commission recommends communication with customers

    The Lagos State Water Regulatory Commission has called for more communication between consumers and service providers for quick resolution of crisis.

    The Commission’s Executive Secretary, Mrs. Tanwa Koya, made the call, while brokering peace over ongoing dispute between Victoria Water Services Limited and residents of Mayfair Gardens, Lekki, Lagos, who made allegations of breach of water supply contract, poor service quality and unfair dealings against their independent water service provider.

    The residents had, in a petition to the Commission dated 11th September, 2012 filed by their lawyer, Tijani Temitayo & Co., alleged unfair dealings by Victoria Water Services Limited. They highlighted concerns relating to the quality of water supplied, the introduction of pre-payment meters and unilateral imposition of rates and charges.

    “We have held successful meetings with them, with our experts in attendance. We have taken samples of the water being dispensed and contentious pre-payment meter for independent laboratory analysis and calibration. We have made a lot of progress and the parties have been advised to await the findings of the Commission on the issues raised, ” she said.

  • Cross River revives oil palm plantations

    Cross River revives oil palm plantations

    IN what analysts see as a major leap in oil palm production in the country, the Cross River State governor, Senator Liyel Imoke penultimate Monday performed the inauguration of Calaro, Ibiae and Biase oil palm plantations, which were recently sold to Wilmar International Limited under the state privatisation programme.

    The plantations established in the 50s by the defunct Eastern Nigeria Regional Government under the Eastern Nigeria Development Corporation (ENDC) with the aim of producing oil palm, in its effort to create rural development through agriculture. Proceeds from these plantations were used by the regional government to establish University of Nigeria Nsukka (UNN), Golden Guinea Brewery, Umuahia and other establishments. This was before the discovery, exploration and exploitation of crude.

    These plantations had within their existence passed from one government to another as they felt the effect of the nation’s 30 months civil war.

    Their fortune started dwindling and government’s attempts to put viable management teams in place were never successful, because of lack of managerial skills, commitments and will.

    The inauguration of the plantations by Imoke is therefore, a major step by his administration to create wealth for the state and its people through agriculture.

    It is in line with the state’s seven point agenda which is mainstreamed in CR-SEEDS “to make agriculture more productive and rewarding by encouraging the adoption of agricultural best practices and ensuring that investments in this sector are participatory and adaptable’’.

    It aims to “develop a strong private sector-driven economy to encourage the purchasing power of Cross Riverians as well as encourage private enterprise to thrive”.

    He had wondered aloud how rice, cocoa, oil palm, cassava, banana, and plantain which are cultivated in the state are harvested and sold to others who process them outside to make more money than the farmers themselves.

    It was in an attempt to create value chain that the state signed a Memorandum of Understanding (MoU) with Wilmar International Limited, founded in 1991 and headquartered in Singapore which is today Asia’s leading agribusiness group.

    The plan is to develop the initial 50,000 hectares plantations in the next five years but have so far completed acquisition of approximately 30,000 hectares of land suitable for oil palm development in the state with the establishment of nurseries at the plantations.

    The Biase Estate is a green-field plantation while Calaro and Ibiae estates were acquired through the bidding processes when the state privatised them.

    In the past 10 months of operations, a lot of efforts have gone into rebuilding and constructing a network of roads, renovating existing buildings and setting up residential facilities, training school, clinics, and educational facilities for its employees and their dependents.

    The vision of Wilmar is to revive the oil palm industry in Nigeria and restore its past glory by investing in the entire palm oil chain. The focus is to develop oil palm plantations, processing mills, palm oil refinery, production of packaged edible oils and nutritional spreads and its distribution thereby impacting on the state’s economy.

    According to Imoke, the company in its corporate and social responsibilities will create an initial 10, 000 jobs and when the plantations are expanded, will employ 20,000 people, which is equivalent to the work force of the state government.

  • Nigerian ambassador urges  tie with Ghana institute

    Nigerian ambassador urges tie with Ghana institute

    The Nigeria High Commissioner to Ghana, Ambassador Ademola Oluwaseyi, has thrown his weight behind Accra Institute of Technology (AIT) in Ghana even as he has encouraged Nigerians seeking university education for their wards in Ghana to make AIT their preferred choice.

    The High Commissioner said this when a high powered delegation from the university, led by the President, Prof. Clement Dzidonu paid a courtesy call on him, in Accra recently. While welcoming the delegation, Ambassador Oluwaseyi said AIT has helped to further cement the Ghana-Nigeria relationship, which dates back to centuries and emphasised the need to strengthen this tie for mutual benefits to both countries, particularly in the area of education and capacity building.

    “Our two countries have been working together for centuries. I am glad that your institution is further strengthening this relationship in the area of education,” said Ambassador Oluwaseyi while commending the leadership of AIT and expressing delight that Nigerians are excelling in the school and are acquiring the tools of scholarship to play an active role in the global economy.

    In his response, Prof. Dzidonu, who was in the company of members of the AIT Senate including Prof. Yeboah Amankwah, Dean of Graduate studies, Prof. T.B. Wereko, Dean of Business, Dr. Ben Hagan, Dean of Research, Dr. Benjamin Aggrey-Ntim, Dean of Innovation and Industrial Partnership and Dr. Hillar Addo, thanked the Nigeria High Commission for the opportunity while extending warm greetings to the High Commissioner from the Chairman of the AIT Board of Trustees, Prof Francis Allotey.

    According to Prof. Dzidonu, the AIT is modeled after the internationally recognised institutes of technologies like the Massachusetts Institute of Technology (MIT), USA.

    Highlighting the need for Ghana-Nigeria partnership, Dr. Benjamin Aggrey Ntim, former Minister for Communication, a member of AIT Senate, emphasised the need to create more innovative ideas between Ghana and Nigeria to foster unity, innovation and growth through education.

  • Societe Generale, Savannah to resume operations soon

    INDICATIONS are that Societe Generale Bank of Nigeria (SGB) and Savannah Bank Plc, whose operating licenses were revoked by the Central Bank of Nigeria (CBN), in 2005, due to their inability to meet the directive for banks to recapitalise to the tune of N25 billion, are set to resume operations as a regional banks, the Nigeria Deposit Insurance Corporation (NDIC), has said.

    The Corporation’s Director, Insurance and Surveillance Mr. Zacheaus Anate, disclosed this at the just concluded workshop for Business Editors and Financial Correspondents Association of Nigeria (FICAN), in Dutse, capital of Jigawa.

    According to Anate, SGBN has obtained a regional banking license for the take-off of the bank and has subsequently met the required N25 billion.

    The bank is expected to furnish the apex bank with the identities and CVs of members of its board and the holdings in the bank.

    It was reliably gathered that the International Energy Insurance (IEI) is now the majority stakeholder with 90 per cent stake in the new bank, while the Sarakis now own 10 per cent stake.

    Savannah Bank Plc, whose license was also revoked by CBN, may reopen soon, as it was learnt that the bank is collaborating with the apex bank and the NDIC, to fast track its resumption of operations.

  • Alison-Madueke to Nigerians: ‘Protect oil/gas installations’

    FROM Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has a clarion call to Nigerians: “Protect oil and gas installations in your communities.”

    She gave this charge at the commissioning of the reconstructed NNPC/PHRC Jetty in Okrika local government area, Rivers State, recently.

    The host communities where most of the oil pipelines and gas installations are sited, the minister said should say ‘No’ to the activities of miscreants in the area, who are in the habit of vandalizing the facilities.

    According to Madueke, the commissioning is in line with President Jonathan’s passion to have the Port Harcourt Refinery as well as all the refineries operating at full capacity and supplying petroleum products adequately to all the nooks and crannies of the country.

    “It is expected that that Turn Around Maintenance (TAM) and the Rehabilitation work that is undergoing currently when fully completed will bring the refineries to a reliable operation at full capacity,” she said.

    “The jetty being commissioned will immeasurably ensure massive production evacuation through the coast. This way, production will be made available to every parts of the country, hence refining operations will be sustained,” she said.

    Echoing similar sentiments, the Group Managing Director, NNPC, Andy Yakubu said the new reconstructed jetty will guard against fuel scarcity as well as increase the capacity of fuel processing in Nigeria.

  • Desperate times in the job market

    The persistent unemployment situation in the country has forced many highly qualified graduates from so-called ‘Ivy League universities’  to seek less dignifying positions in the labour market, reports Ibrahim Apekhade Yusuf

    To say that Dafe Akpos (not real name), 54+, is enjoying the good life is clearly an understatement. As a fresh school leaver, he left Akure, in the then Western region in the mid 70s, where he lived with his parents to Warri, the then Midwest, in present Delta State, in search of greener pastures, armed with just his Standard Six certificate (as it was then called, which is equivalent to the First School Leaving Certificate today), a pair of trousers and a few T-shirts.

    In no time, he secured a job with Gulf Oil, now Chevron Nigeria Limited, one of the leading oil majors operating in the country, where he has worked for a record two decades, not only enjoying the good fortune of working in a multinational company but has made good in life, what with his material acquisitions both home and abroad.

    For fresh graduates, things really looked rosy for them back in the days as they were headhunted right from campuses by different multinationals who wooed them with all kinds of mouth-watering offers such as official cars, tastefully-furnished residences complete with gardeners and other auxiliary staff.

    Besides, exceptional students with first class were also sought by their respective universities who wasted no time in sending them abroad to acquire the Golden Fleece and return afterwards to the universities to full-time teaching.

    Mr. John Osuma, a 1975 graduate of Economics from the University of Ibadan, recalled with glee, how he secured a job with Barclays Bank, now Union Bank Plc, literally on a platter of gold. “Those days, it was so easy to secure a job of your choice, to the extent that graduates were left in a quandary as to which company to pitch their tent. In fact, it was what you could call an embarrassment of riches,’’ he reminisced.

    But the rest, as they say, is history. Today, a primary school leaver hardly stands any chance in the labour market. The same goes for the army of university graduates, who despite boasting higher degrees can’t find their dream jobs, hence, have had to surrender to fate.

    Lamenting the parlous state of the economy, Alhaji Saliu Bashua, a retiree from the Nigeria Ports Authority regrets that at 60, when he should be enjoying the fruits of his retirement, he has had the misfortune of fending for four grown up children who despite getting good education have not been able to secure employment in the last three years.

    Reality of graduate unemployment

    Although there are no empirical statistics to show the true state of graduate unemployment ratio in the country, unconfirmed report indicates that average families in Nigeria boast of at least three or more graduates that are either under-employed or not employed at all.

    Osuma easily corroborates this. “My late uncle’s son, a graduate of Geography, left school almost 10 years ago. He tried without success to secure a white-collar job and had to resort to selling newspapers for two years. He only just secured a regular job last May as a store-keeper in one of the breweries in Lagos.”

    Like Osuma’s nephew, many Nigerian graduates who are wearied by years of staying at home long after graduation have surrendered to whatever fate hands them.

    It would be recalled that following the advertisement placed by Dangote Group of Companies for Graduate Executive Truck Drivers, of the 13,000 applications received, six were Ph.D holders, 704 Master degree holders and over 8,460 Bachelor degree holders; a development, many have argued is a pointer to the graduate unemployment crisis bedeviling the country.

    The Chairman of Dangote Group, Aliko Dangote, who made the disclosure at a forum organised as part of youth mentoring by the World Bank, said most of the applicants are from reputable universities.

    Despite the pecks attached to the job, concerned stakeholders believe that the country is on the precipice, considering the parlous state of the economy.

    How Nigeria came to this sorry situation

    The slide in job figures, according to analysts, deepened when the few industries operating in the country after Independence were mismanaged.

    The early years of military rule as well as the profligacy of the Second Republic under President Shehu Shagari, led to the collapse of industries as government was defined by the number of import licences given out to importers.

    Many indigenous manufacturing companies had to stop production because of the influx of foreign goods into the country. In the thick of military regimes, the harsh political environment and ill-conceived economic policies of successive governments led to massive capital flight. The Structural Adjustment Programme compounded the woes of manufacturers when the naira was devalued, with millions of youths thrown into the job market.

    Infrastructural decay, multiple taxes, brigandage and chaotic political milieu led many multinational companies to fold up just as the perennial electricity crisis has caused crisis of unemployment in our country today.

    Widespread epileptic power supply means that major companies have to spend huge sums of money generating their own energy for production and other operations.

    Poor electricity supply has also had negative effects on small businesses. It is the reason why manufacturing companies could not produce to capacity; it is the reason why major companies had packed up and relocated to Ghana and other African countries in recent years. It is the reason why our youths continue to roam the streets.

    The terrible situation in moribund textile industries across the country, analysts further argue, provides a sad example of how unemployment has deepened over the years. Textile companies used to be a major source of employment. For more than two decades, textile companies gradually shut down production because government promoted the importation of foreign fabrics. Hundreds of textile companies were forced to lay off workers when they could not compete with the influx of foreign fabrics. Millions of jobs were lost. Several attempts to reverse the policy have failed.

    The nation’s financial institutions have shed more than 50, 000 jobs in the last five years, just as corruption and poor management have hit the sector so hard and resulted in uncertainty.

    Fears over youth unemployment

    For concerned Nigerians, there are fears that the current job crisis in the land if not tackled headlong has the potential to lead to full-blown crisis for the country.

    One of those concerned about the sordid situation the nation has sunk to is former President Olusegun Obasanjo.

    According to him, Nigeria will witness a revolution soon unless government takes urgent steps to check growing youth unemployment and poverty.

    He spoke at the West African regional conference on youth employment in Dakar, Senegal penultimate Friday.

    Obasanjo said the danger posed by an army of unemployed youth in Nigeria can only be imagined.

    “I’m afraid, and you know I am a General. When a General says he is afraid, that means the danger ahead is real and potent,” he said.

    Obasanjo added that despite what he called the imminent threat to Nigeria’s nationhood “there is absence of serious, concrete, realistic, short and long term solution” to youth unemployment.

    He made reference to the doctorate degree holders who applied for jobs as drivers at the Dangote Group, saying Nigerian youths have been patient enough and that this patience will soon reach its elastic limit.

    According to the former president, youth unemployment rate which was 72% in 1999 when he took over power had been reduced to 52% by 2004 but that the rate rocketed to 71% by 2011.

    Obasanjo left office in 2007, succeeded by Umaru Yar’Adua who died in 2010, and President Goodluck Jonathan has been in office since then.

    The former president lamented that the unemployment situation has given rise to the prevalence of social crimes being perpetrated by three categories of youth whom he identified as area boys, Yahoo boys and, recently, Blackberry boys.

    He told the diverse audience that in Nigeria people talk of growth without corresponding development, and that what is visible is increased poverty

    Obasanjo said national leaders must create incentives that will encourage entrepreneurs to flourish and that special attention should be given to agriculture business as against mere farming.

    He reiterated the need for easy access to land and micro credit, while advocating for a review of school curriculum to enable undergraduates spend additional one year to learn entrepreneurship.

    At the sub-regional level, Obasanjo called for a review of the New Partnership for African Development (NEPAD) to accommodate issues of youth unemployment and job creation.

    The conference, which was sponsored by the Organisation for Economic Cooperation and Development (OECD) and the African Development Bank (ADB), was attended by top bankers from across Africa including the Managing Director of Nigeria’s Bank of Industry, Ms. Evelyn Oputu.

    Promises upon promises

    In a monitored television magazine programme recently, Dr. Ngozi Okonjo-Iweala, Coordinating Minister of the Economy and Finance, spoke reassuringly about plans by to create massive employment through agriculture.

    “We are supporting agriculture holding because we believe this is where jobs will be created which is estimated by the Minister of Agriculture to be a total of 3.5 million jobs when we implement all these programmes. We are trying to diversify the economy, not just agriculture, such that we can create jobs,” said an elated Okonjo-Iweala.

    But not a lot of people share her optimism.

    In the view of Comrade Baba Omojola, a renowned economist and World Bank consultant, creating jobs goes beyond mere platitudes.

    “It is as if the present policy of government does not support self-employment. There is no country that has developed without full employment. Take countries like USA, China, Brazil, Japan, etc.”

    He goes further to say that the high rate of joblessness among Nigerian youth population is not a consequence of the global unemployment crisis but an offshoot of a mismanaged economy and wrong approach to employment creation initiatives.

    “Unemployment problem in Nigeria precedes the current downturn. Low job statistics among Nigerian youths have been around since the inception of bad economic management. It has become endemic because the government has failed to create enabling environment for the private sector to generate job opportunities. One does not have to be an economist to know that the current situation is caused by incompetent leadership and corruption.”

    Way forward

    For Mr. Joshua Oderinde, past chairman, Institute of Chartered Accountants of Nigeria (ICAN) Ikeja District, all hope is not lost.

    “ I felt bad when I heard the report that some PhD holders went in search of job as truck drivers. We just have to rejuvenate the economy, especially as it concerns providing employment opportunities for the youths out there. I’m aware the Federal Government has developed some measures already yielding positive results as far as creating employment through its YouWin programme. What I will advise is that the states of the federation should also replicate it in their localities. This will go a long way in assisting with job creation efforts in the country in general. Then for the highly qualified people like those with PhDs can also benefit from this scheme,” he admonished.

    Dr. Jonathan Aremu, a former Deputy Director, Research and Planning with the Central Bank of Nigeria, is not on the same page with Oderinde.

    He would rather the government made drastic efforts aimed at addressing the worsening unemployment situation in the country instead of the cosmetic arrangement in place.

    “The unemployment crisis bedeviling the country is serious cause for concern. I think the whole thing started the moment we abandoned agriculture with the advent of petroleum coupled with corruption and lack of sincerity of purpose on the part of successive administration.”

    To address this challenge of unemployment, Aremu advised that there is need “To pump money into the real sector of the economy such as manufacturing. We have wide expanse of land uncultivated, we need to revamp agriculture. We need to sustain power supply, expand our infrastructural base. These are the things that will turn the tide for our economy ultimately.”

    Echoing similar views, Professor Isaac Adeyemi, Vice Chancellor, Bells University of Technology, Ota, Ogun State, said: “There is need for the educational sector to cooperate with the industrial sector in researches and in training. There must be target production of manpower and constant rubbing of minds.”

    Worrisome as the job crisis looks, analysts are not convinced that government at all levels have what it takes to heal the festering sore.

  • Why Oteh must go—N/Assembly

    ALTHOUGH Ms. Arunma Oteh, the embattled Director General of the Security and Exchange Commission (SEC), seems to be enjoying some moments of respite, indications are that she might not finish her tenure if feelers from the National Assembly are anything to go by.

    The Nation can authoritatively report that the lawmakers who have an axe to grind with her are working assiduously to prevail on the presidency to sack the DG.

    Apparently aware of the odds against her, The Nation gathered that Oteh who is not in the good books of members of both chambers have made spirited efforts to reach out to the lawmakers with a view to resolve issues amicably but things are not working in her favour.

    Speaking exclusively with The Nation, Senator Ayo Adeseun, Chairman, Senate Committee on the Capital Market, foreclosed any truce with the SEC DG, insisting that the National Assembly was determined to remove her.

    According to him, the lawmakers have carefully weighed the issues and have resolved that the only way forward is to have Oteh sacked.

    “Look, there can never be a truce. The only truce that can be is if the woman leaves. Our bottom line is that you don’t put somebody who is not a manager material into a management position. But that’s what the president has done,” he said.

    Expatiating, he said: “The president needs to remove her because she was unqualified from inception to hold the position and she has been showing her incompetence so brazenly and running the place as if it is her personal estate. We won’t allow that because the capital market is too sensitive to our economy to be left with somebody to toy with and do whatever she likes there. We won’t allow that. So she has to go. That is the bottom line.”

    Asked what steps the lawmakers are taking to get the presidency to accede to their request, Senator Adeseun was rather non-committal.

    “The system is such that there are strictures. But you will see what happens along the line. I’m not going to tell you or speculate on the timeline we have set to get the DG of SEC out of the way. But it is something both chambers are working on. I won’t say more than that”, he deadpan.

  • HMOs, microfinance banks partner on healthcare financing

    IN its quest to provide effective and affordable healthcare services to the poor, health management organisations have worked out modalities with selected microfinance institutions operating in the country aimed at developing products and services that are pro-poor.

    This was part of the resolutions reached at a public forum tagged: ‘Market Place Event for HMOs/Microfinance institutions’ facilitated by DFID-Partnership for Transforming Health System (II), Lagos, recently.

    The project, which is a pilot scheme, is expected to take off in Lagos soon.

    Justifying the need for the project, Dr. Ayodeji Ajiboye, Health Financing Officer, PATHS2 Lagos, said, “It is important that the poor are covered by a form of financial risk mechanism because they are exposed to a lot of health expenditure and a lot of time they have to run helter-skelter borrowing to finance health needs and sometimes this leads to bad consequences like death or permanent disability. By having a health insurance, the client would have prepared for the services and get prompt treatment. PATHS2 sees this as a way of mobilizing private resources, by way of the HMOs and MFBs together to provide health insurance to the clients of the MFBs.”

    Expatiating, Ajiboye said the initiative is “PATHS2’s way of contributing to service delivery by way of making affordable health insurance product available to the poor. It is a pilot scheme and a unique model leveraging on the expertise of the HMOs to provide health insurance products and then the huge client network of the MFBs as well in addition that they already have mechanisms in place to collect regular money from their clients, which the premium could actually be spread to health as well.”

    At separate presentations, Dr. Deola Majiyabge, Executive Director, Total Health Trust Ltd, Mr. Ayobami Ogungbemi, Head, Business Development, Healthcare International Ltd, Dr. Victor Benebo, Executive Director, Mediplan Health Management Organisation, noted that there was need to design a pro-poor health scheme for the under-privileged which would help reduce the burden of astronomic health expenditure.

    In an interview with Mrs. Itohan Osayi, Assistant Manager, LAPO, a microfinance institution, she lauded the innovative project, saying it has the potential to deliver pro-poor healthcare services to the targeted audience.

    “The MFBs have products that are tailored to service the low end population so partnering with the HMOS is an effective way of delivering the good for the better majority”, Mrs. Osayi noted.

    Echoing similar sentiments, Mr. Tope Oloniniyi, Director, Infinity Microfinance Bank, said the scheme holds a lot of promise for achieving financial inclusion.

    “If well-managed, this healthcare financing scheme by PATHS2 could also help to grow substantially the percentage of the unbanked populace currently put at 67 % by the Central Bank of Nigeria (CBN)”, Oloniniyi stressed.

  • GUS 9: The Ultimate Man emerges today

    GUS 9: The Ultimate Man emerges today

    Tonight, the winner of Gulder Ultimate Search (GUS) 9: The Gatekeepers’ Fortune, will emerge. The job of the three gatekeepers – Dominic Mudabai, Michael Nwachukwu and Christopher Okagbue – has been concluded. Of the 12 contestants that started the race, four are left. They are: Nuhu Zigwayi, Paschal Eronmose, Adah James and Onyinye Udodi. In this report, WALE ALABI chronicles the journey to their finale.

    Who emerges the ultimate champion? This will be known tonight, hopefully by 10 o’clock. But the crown for Ultimate Woman has been picked by Onyinye Udodi. Before then, it was a straight contest between Uzor and Onyinye, who were the only remaining female contenders in the competition. The last female contestant standing has a lot of goodies waiting for her. She is entitled to a million naira cash prize, irrespective of her prize winnings, even if she emerges winner of the competition. There is also the pride of the bragging rights to the Ultimate Woman moniker.

    Other female contestants that have been evicted from the competition are: Kofya Brown, Ayo Ojueromi, Bornford Patience and Priscillia Ezeh. Keen watchers of the show would have predicted that Bornford Patience, despite her small frame, was the favourite for the GUS last female standing prize. She possessed strength and mental alertness. She, however, ran out of steam when it mattered most, thus leading to her eviction.

    However, Uzor crashed out of GUS 9 because of disobedience; thereby giving Onyinye an easy claim to the throne. Uzor was sent packing for relieving herself from the burden of the Stump of Shame: she removed it from her leg twice. It is forbidden for contestants to remove the Stump of Shame unless directed to do so by Chidi Mokeme, the Anchor man; and this must be at the task location.

    The Stump of Shame, as the name connotes, is a heavy stump of wood, which those who perform woefully in tasks are expected to wear around their right leg. It was, however, a running battle between the two over who would emerge as last female contestant standing.

    Uzor and Onyinye are not new to being in the limelight. Uzor is a 27 year old actress who stars in Tinsel, About to wed and a long list of TV soaps. On the other hand, 23 year old Onyinye who hails from Anambra State is a model and a one-time Face of Anambra State. Her sister, Chimaobi Udodi was a contestant in GUS 8: The Contest of Champions.

    Onyinye placed fourth in the first gatekeepers’ task while Uzor was sixth, in the same challenge. In the following day challenge, which was group based, Onyinye was part of the losing group while Uzor was part of the winning team. In the climb and dunk competition, in which contestants were expected to climb up a tree and dunk oranges in a basket, Onyinye outshone Uzor. While Onyinye put in eight oranges out of 10, Uzor could only dunk five oranges.

    Uzor’s weakness was clearly manifested in the Raise Your Flag challenge; when she was paired alongside Nuhu Zigwayi. The game involved the contestants going through an obstacle course, fetching braces in the process then fixing it on the skeletal frame of a ladder which they then climb on to raise a flag. Nuhu kept on dragging Uzor and at a point in time, she was shown falling. Onyinye and her partner, Paschal Eronmose won the challenge.

    Onyinye was also part of the winning team in the Ladder of pain task. She inspired Paschal to victory in a game which tested the strength and endurance of contenders. Uzor on the other hand was part of the losing team. Her partner, Nuhu, was the first to give up in the game. Even though Gatekeeper Chris Okagbue was present, Nuhu and Uzor narrowly missed eviction. Meanwhile, Onyinye and Paschal were handed a calabash by the Council of Elders for their victory. According to the elders, the content of the calabash will aid the two contenders in their search.

    Uzor soon showed that what she lacked in brawn, she more than made up for by using her brains. She had the honour of emerging as the first female Head Warrior after winning the Archer’s Quest. Not only did she hit bull’s eye on her first attempt, she also solved her riddle in record time. Though Onyinye solved the same puzzle, she finished fourth.

    Uzor upstaged Onyinye in the Episode 12 challenge. Onyinye emerged last. She, however, bounced back in Episode 13 when she emerged second in the Memory Recall challenge. This was despite a 10 second delay she had to suffer due to her poor performance a day earlier. Uzor finished fifth.

    In the Gauntlet challenge, Uzor was part of the winning team while Onyinye was part of the losing team. Onyinye performed better than Uzor once again in the Puzzle of Doom. Onyinye emerged fourth while Uzor placed sixth. In the Pot of Life challenge, where contenders were required to smash the pots of other contenders, thus marking their end in the games; Uzo placed sixth while Onyinye emerged second.

    By Episode 19, the warriors had been down to seven. The Giant Crossworld puzzle required that three players should form two teams while the rejected contestant would serve both teams as a transporter. While Onyinye was picked in one of the teams, Uzor was not picked by any. She had to play the role of transporter. Onyinye’s team eventually won.

    In the challenge of the 20th episode, Onyinye finished second, while Uzor finished third. For the challenge of the 21st episode, they were grouped into two teams comprising three members each. Onyinye’s team also won the competition.

    However, in games in which both female contenders were grouped in the same team, their side lost. The games were the Tug of War, Mudgby and Human Raft.

    Speaking after her eviction, Uzor said: “My experience in the jungle was tough. I have to say it was really, really, really tough. Yes, I knew it wasn’t going to be easy, but nobody said it was going to be this difficult. I probably gave up a thousand times everyday. I was like, I think I’ve tried. I can’t kill myself. I think I’ve pushed myself beyond limits. Judging myself, I would say I did 120 per cent. I tried. I could not do any of those things before. I’m sure nobody would expect that I would come this far on the quest. Because most of the times, I didn’t seem like the strong contender, who you know, could beat them to it. I’m sure some people would say yes, she got lucky. It’s more than luck, I have grace, so amazing on my life.”

    She added: “Everything is for real o, nothing is staged on Gulder Ultimate Search. It’s been amazing. I’m grateful to God, my family, Gulder, Nigerian Breweries and everybody who has been involved in this in one way or another.”

    Speaking on her emergence as last female contestant standing, Onyinye said: “ It feels wonderful being the only girl in the gang. It makes me feel like I’ve finally made it through, that I’m not like the other girls, or a weakling or something.  It means a lot to me.”

    The grand finale will be shown tonight on Africa Independent Television, African Magic World (DSTV), Real Star (Star Times), Akwa Ibom Broadcasting Corporation (AKBC) and ITV, Benin at 10pm.