Tag: cost

  • CBN’s policy ‘ll increase cost, say operators

    CBN’s policy ‘ll increase cost, say operators

    The Central Bank of Nigeria (CBN) policy on funding of imported telecommunation and allied gadgets through the interbank foreign exchange (Forex) market has drawn the ire of the some operators.

    Accourding to MTN’s Customers Service Executive Akinwale Goodluck, the policy would hurt operators.

    Goodluck who is also  the Vice Chairman of Association of Licensed Telecoms Operators of Nigeria (ALTON), argued that going through the interbank foreign exchange (forex) market will add between six and seven per cent to costs. He spoke during a public forum organised by the Nigerian Communications Commission (NCC) in L:agos.

    About 80 per cent of the Global System of Mobile Telecommunication (GSM) cell sites across the country are being powered by generators as major source of power while power from the national grid is stand by. Generators, IT equipment and telecoms equipment are among the items the CBN prohibited their direct importation except via interbank forex market.

    In a circular the apex bank issued to all authorised dealers last December, CBN Director, Trade & Exchange Department, O.I. Gbadamosi, informed stakeholders that the policy was to maintain the existing stability in the forex market and strengthen the various policy measures already initiated by the CBN.

    “The importation of electronics, finished products, information technology, generators, telecommunication equipment, and invisible transactions importations shall henceforth be limited to the interbank market only,” he said.

    According to the NCC, there are about 29,000 base transmission stations (BTS) across the country, but the regulator said the nation would require between 70,000 and 80,000 BTS to facilitate seamless telephony in the country.

    This implies that the telcos would continue to build BTS, which would inevitably run on generators because the privatisation of the power sector has not brought any appreciable succour to the country as most 80 per cent of the BTS are still run on diesel.

  • Cancer scare cost me my place in Glasgow -Becky James

    Cancer scare cost me my place in Glasgow -Becky James

    Cyclist Becky James listened, numb, as a nurse drew a line with ‘moderate’ at one end, ‘cancer’ at the other and explained her test results were ‘severe’ on that scale.

    Suddenly James did not feel like a two-time world champion worried about the knee injury that would eventually rule her out of the Commonwealth Games, but a 22-year-old woman from Abergavenny who was shocked and scared to be confronted with the word ‘cancer’.

    A smear test in May, a routine procedure every three years for women aged 25 to 49 which aims to detect cells that might develop into cervical cancer, had revealed abnormal results, but James had been confident there was little to worry about.

    It was only when she visited hospital a month later and was told her results were ‘severe’ that panic set in. She had two surgical procedures and,  four ‘stressful’ weeks later, she received her results — ‘CIN3, the highest grade of all of them’ — and had a minor operation to cut away the abnormal cells.

    ‘The doctor said to me if I had waited another year it could have been completely different,’ says James. ‘It makes you think about things in a very different way.

    ‘I realised how important your health is over everything else. I spoke to one of my friends before I was racing in Germany and I said, “My form’s not very good”.

    ‘She said: “Good health, or good form, Becky?” It’s true. It does make you think.

    ‘When the nurse drew that scale I came out of hospital in complete shock and I found the time waiting for my results really, really stressful.

    ‘You read about stuff on the internet — you know you shouldn’t look it up, but of course you do — and you lose sleep over it. It has been a really hard few months.’

    James has been understandably hesitant to talk about a deeply sensitive subject. She still worries she ‘made a big deal out of nothing’. You can hear the doubts in her lilting Welsh accent as she speaks; her shock and fear competing against an athlete’s need for rational explanation.

    James did not have cervical cancer but, if left alone, those abnormal cells could have developed into something much more serious. And that is why she has decided to speak out: to encourage other women to go for smear tests and catch the disease early.

    ‘I wasn’t sure whether to say anything about it,’ she says, ‘but I do want to encourage other women to go for smear tests. I think it’s really important.

    ‘It was a big part of me missing out on the Commonwealth Games, so that’s why I decided to speak about it. If I hadn’t had that time out, who knows.’

    The period James spent worrying about, and dealing with, her personal health also had a direct impact on the knee injury that means the 2010 Commonwealth silver and bronze medallist will miss the Games in Glasgow.

    Her knee ‘flared up three times’ during those two months and caused intense pain as she tried to catch up on missed training after getting her smear test results.

    The proud Welshwoman is desperately disappointed not to be competing this week, but felt she had to make such a difficult decision for the sake of her long-term career. The past few months have consequently been ‘incredibly tough’ as she has been banned from riding the bike she loves and become increasingly ‘grumpy’ with her family and boyfriend George North, the Wales and Lions winger.

    ‘It was a really hard decision,’ said James. ‘In my personal opinion the Commonwealth Games are a major thing. For me in Delhi in 2010 it was like an Olympics. I was 18 and it was my breakthrough season. Plus it’s only once every four years you get to wear the Wales kit.

    ‘I thought I could be fitter and faster and stronger this time and Glasgow was my biggest target for the season, but it just hasn’t worked out.

    ‘I have been thinking long term, and thinking about the Olympic Games in Rio in 2016; this drives me even more.

    ‘I missed out on the London Olympics and now it’s even worse with Glasgow. But it’s driving me even more.’

  • ‘Creation of more states’ll hike administrative cost’

    ‘Creation of more states’ll hike administrative cost’

    A former Special Adviser on National Assembly Matters to Second Republic President Shehu Shagari and a delegate to the National Conference in Abuja, Alhaji Tanko Yakasai, has said additional states will increase the cost of governance.

    Yakasai, who spoke with our reporter in Kano yesterday, noted that the creation of more states would be tantamount to adding more burden to the Federal Government’s huge financial load.

    The former adviser said he was uncomfortable with the existing 36-state structure, adding that it consumes a large chunk of the nation’s revenue.

  • Last word: IYC…Peace at what cost?

    •Last Word is Niger Delta Report’s verdict on Southsouth affairs

    The post-election crisis which tore the Ijaw Youth Council (IYC) apart for about six months, the country was told some days back, is now over. Before then, there were concerns that the crisis could affect the re-election bid of President Goodluck Jonathan, who is Ijaw. So, it was not surprising that when it was resolved, the resolution was attributed to the interest of the 2015 ambition of Jonathan.

    While the crisis raged, it was like the heaven was going to fall. Allegations were bantered. The election, which produced the new leadership, was said to have been rigged. The number of delegates who voted were said to have been more than the accreditted delegates. Offices or age meant nothing to the agitators. They were just ready to rbbish whoever was not on their side. The ordinary people even felt the brunt because on more than one occasion, supporters of the major forces blocked roads in Bayelsa State, with threats flying left and centre.

    Reports indicate that Jonathan’s reelection featured prominently in most of the discussions which finally led to the sheathing of swords. The gladiators were ‘compelled’ to reach an agreement to save Jonathan’s re-election bid. It was said that many were of the opinion that allowing the crisis to continue would affect Jonathan’s electoral fortunes.

    What this means is that the October 2013 election which produced Udens Eradiri as the President of IYC stands. Some weeks back, Eradiri had carpetted an Abuja meeting at the residence of the Ijaw Leader, E.K Clark. The meeting caused many ripples and further divided the youth body. The outcome of the meeting was seen by confidants of Bayelsa State Governor Seriake Dickson and Eradiri as dangerous to the Jonathan’s ambition. The meeting announced the dissolution of the structures of IYC.

    The Lagos meeting, which was championed by the Presidential Adviser on Niger Delta Affairs, Mr. Kingsley Kuku, persuaded aggrieved candidates to give peace a chance . And it is believed to have worked the miracle.

    Prominent Ijaw leaders, including Clark, former Minister of Police Affairs Broderick Bozimo and Bayelsa State Commissioner for Culture and Ijaw National Affairs Dr. Felix Tuodolor, played key roles in the new-found peace.

    Commenting on the state of things, Clark, speaking through Bozimo, urged Ijaw people to unite to galvanise support for Jonathan in his re-election bid.

    He said: “We all know that this is indeed a trying times for the Ijaw nation and IYC is the foot soldiers of the Ijaw. There is need for unity among us to be able to rally support for our son, President Goodluck Jonathan in his 2015 re-election bid.

    “I am happy the Ijaw youths have closed ranks and put all their differences behind them. I am happy that Eradiri said the struggle for Ijaw unity would be taken to an intellectual level through capacity building for the youth.”

    Bozimo, speaking for himself, said: “We are totally committed to the Jonathan project. All of us in the Ijaw land are with Jonathan 100 per cent. We are urging him to contest and it has to be done peacefully because he is going to win.”

    Tuodolor said: “The election was controversial, but we thank God we have resolved it. Edwin Clark, Kingsley Kuku and other respectable Ijaw leaders joined the peace process and ensured the crisis was resolved.

    “As we have come together, let us forgive ourselves. Out there, there is a big battle for the Ijaw people. We can only win if we are united.”

    But, the peace was not for nothing. Most of the agitators, especially persons who contested the presidential election against Eradiri, were promised one largesse or the other. What this will cost the Bayelsa State government and the Amnesty Office in naira and kobo will never be made public. In the real sense of it, the peace was bought and not really from the heart of the gladiators. It was a cse of nothing goes for nothing. Some may say what is wrong in that when in the first place, the quest for leadership of the body was all about being properly positioned to benefit from the national cake, which incidentally, is being shared by their son, Jonathan.

  • World Economic Forum, National Dialogue to cost N11b

    World Economic Forum, National Dialogue to cost N11b

    The Federal Government is to spend a whopping N11 billion in 2014 to host the National Dialogue and the World Economic Forum (WEF). Both events are scheduled to hold in Abuja.

    This figure is contained in the breakdown of the 2014 budget obtained by The Nation.

    According to the details, while N7 billion is to be spent on the National Dialogue, the balance is to be frittered on hosting the World Economic Forum (WEF).

    Captured under the Service Wide Vote of the Federal Ministry of Finance for 2014, other expenses submitted for appropriation to the National Assembly include N35,409,859,962 to fund Presidential Amnesty Programme for reintegration of transformed ex-militants; N546,300,000 for the Presidential Amnesty programme for the reintegration/transition safety allowances for 3,642 ex-militants (third phase) and N3,699,933,814 as operational cost for the Presidential Amnesty programme.

    Aside from the funds allocated to the Independent National Electoral Commission (INEC) in 2014 to conduct elections, another N21 billion has been voted by the ministry of finance under its service wide vote for election logistics support. N7 billion is also been proposed for payment of outsourced services for the federal government in 2014.

    Under the miscellaneous heading of the service wide vote of the federal ministry of finance in 2014, N27.5 billion is proposed to be spent on unexplained contingency funding, while N5,149,600,000 will be set aside for adjustments to the recurrent budget and another N5 billion for capital cost adjustments.

    The capital expenditure of the service wide vote of the finance ministry for 2014 is estimated to gulp N433,584,612357. From this amount, N100 billion will go to finance constituency projects for legislators of the National Assembly; N62.8 billion for special intervention; N8 billion for national job creation scheme; N30 billion for the sinking fund for infrastructural development; N14 billion for Nigeria Electricity Liability Management Company (NELMCO) and N16 billion for the bulk trader.

    N5 billion is budgeted to be spent on “2011 election violence and civil disturbance (damage done to public properties and places of worships); N12.6 billion on special intervention Millennium Development Group (MDGs 1 and 2).”

    While N10 billion is to be returned to a special account (not specified), another N10 billion to fund the Multi Year Tariff Order (MYTO) under the current electricity provision programme of the Federal Government. The Federal Government through the Ministry of Finance is asking for N25 billion to pay off maturing domestic bonds and N5 billion for payment of local contractors’ debts; N16 billion for Development Finance Institution (DFI) and N4,060,000,000 to fund galaxy backbone infrastructure.

  • ‘Piracy inflates cost of books’

    The Managing Director/Chief Executive Officer, Learn Africa Plc, Mr Olusegun Oladipo, has blamed the hike in the prices of books on piracy and other factors.

    He listed the cost of production, which includes high cost of paper and other printing or publishing materials, payment of royalties, taxes, dividends to shareholders and overhead cost as some of the challenges confronting book industry in the country.

    Speaking at the 40th Annual General Meeting (AGM) of the shareholders of the company at the Lagos Airport Hotel, Ikeja, Lagos, Oladipo said the company hardly records 10 per cent profit.

    “A lot goes into book production such as cost of paper, payment of royalties, dividends and taxes, as well as overhead. Hardly do we make about 10 per cent profit,” he said.

    He added that the company is forced to prints its books abroad because of problems of power and other factors that make the cost of publishing higher in the country.

    Oladipo blamed the problem of piracy and its effects on the book industry on the government’s failure to put in place a proper legal framework to curtail the menace. He lamented that the government has refused to fund the Nigerian Copyright Commission (NCC) like other agencies such as the National Agency for Food Drug Administration and Control (NAFDAC).

    He said: “The government is not doing enough to fight piracy. There is need for legal backing to curtail activities of piracy. The publishing board has met the government and made representations to the National Assembly, but we have not received any positive response till now.”

    On his part, the Chairman of the company, Mr Emeka Iwerebon, said the security challenges in the Northern where activities of the Boko Haram sect are rife, have negatively affected the firm’s business.

    “The insurgency in the North, where the region represents about 60 per cent of our business, has been a serious challenge to our business in the last few years. We are calling on the government and other concerned authorities to put in place measures to ensure that the insurgencies were brought under control in the region, so that the business could perform better in the current financial year,” he said.

     

  • Yakowa’s death cost me Kaduna Utd job — Sergio

    Yakowa’s death cost me Kaduna Utd job — Sergio

    Former Benfica FC of Portugal Youth team coach, Sergio Daniel has revealed the main reason why he couldn’t seal a deal with Premier League club, Kaduna United Football Club.

    The Portuguese revealed this to SportingLife in Abuja at the weekend while disclosing another football business that was keeping him in the country, since he couldn’t get the Kaduna United Football Club job last year.

    “By now I should have been in the saddle as the Technical Adviser of Kaduna United Football Club. But the unfortunate sudden death of the then governor of the state, Patrick Yakowa caused the deal to be put off.

    “The death of the governor, who had already sealed the deal at that time, cost me the job since he is no longer alive to ensure I tinker with the team. But I have since move on and I thank God that I am not someone who sits in one place. I have visited many states like Lagos, Abuja and other states in the South East and I can sincerely tell anyone that cares to listen that football talents abound in this country,” the 32 year old football tactician disclosed to SportingLife in Abuja at the weekend.

    He also revealed that his football outfit in Portugal is now partnering with D’ Elite Sports Investment Company, Abuja headed by Dr. Tijani Garba to take 15 talented players to AC Milan of Italy, AS Monaco of France and Benfica FC of Portugal.

    “I and my assistant are going to screen some players here in Abuja, Lagos and other places and fish out 15 talented footballers who we are planning to take to AC Milan, AS Monaco and Benfica for trials. The good thing is that our Nigerian partners, with D’ Elite Sports Investment Company, Abuja, Dr. Tijani Garba is the Chairman and has agreed to sponsor both the air tickets, travel arrangements, and accommodation while in Europe of 15 players that we hope to take to the three mentioned clubs in Europe for trials. The successful players will eventually play for their respective clubs and Nigeria will later benefit from it”, Daniel disclosed.

    The Chairman of the company Dr. Garba also confirmed, “we are going to sponsor the 15 successful players to fulfil their ambition of playing professional football abroad. This is our own way of giving back to the society and helping the less-privileged but talented football playing kids to achieve their life ambitions. After which they would come back to play for the national teams”.

    The Vice President of D’ Elite Sports Investment Company, Terseer Taakper also disclosed that “the Company would continue to make it an annual event so that other young players in the country could have the opportunity of exhibiting their God-given talents abroad”.

  • Admission: At what cost?

    Last week, a court sentenced a member of staff of the Delta State University, Abraka, David Wonder Erhirhie to death by hanging for killing an admission seeker, Chinoso Ijezie in 2009.

    He had collected N155,000 as fee to secure admission for her into the university but could not deliver on his promise. When the girl demanded a refund, he lured her to his home under the pretext that he would give her the money, then murdered her and buried her in a shallow grave.

    The article did not provide more details about the story. There was nothing about the girl’s family, how they reacted to their daughter’s death and her murderer’s treachery. But we can guess that they would rather have her alive and not in school than dead because she wanted to get into school by all means.

    With the limited spaces in our tertiary institutions, particularly the universities, there must be thousands of candidates that have fallen victim of the fraudulent activities of admission racketeers. Many institutions do not admit up to 10 per cent of those who apply, leaving a large number of desperate candidates at the mercy of unscrupulous academic and non academic workers in our tertiary institutions and their agents. These dishonest people who ought to act as parents to the young ones and advise them to work harder next time or comfort them to take heart if indeed they tried their best, rather place price tags on their illegal activities. They do not care how the candidates get the money many of them do not earn as monthly salaries; their selfish concern is lining their pockets with filthy lucre.

    Some candidates source the money they use to pursue their admission from parents and relatives; others are forced to do all manner of unethical things to raise the money which sometimes goes as high as N200,000.

    While sharing this story with someone, he told me how was duped of N60,000 by one Engineer Ben who assured him of a place in the University of Lagos. He had written the Unified Tertiary Matriculation Examination (UTME), then UME, four times and was desperate to enter school. He thought he had a good chance because he made the post-UTME cut-off. Engineer Ben, who was not even an employee of the university, boosted his confidence. List after list was released and his name was not there. Yet Ben did not fail to assure him he would make it. The extent to which Ben deceived him was despicable because he even told him to go to a particular department to ask for the list because his name was on it. My source went to the department with confidence and insisted his name was on their list. They gave him the entire list to check for his name. He checked and checked to no avail. It was a futile search. He got no admission and never got his money back. His disappointment was almost unbearable.

    To help applicants avoid getting into all sorts of traps with racketeers, tertiary institutions need to provide enough information about the admission process. Upfront candidates should know the number of spaces available in each department while preparing for the post-UTME screening. They should also know all the criteria the institution would consider in selecting its students including what they would consider in eliminating those who qualify but cannot be admitted because there is no space. Also important is the number of lists that would be released because these bad eggs keep candidates hoping even long after the whole exercise is over. With enough information, applicants know what their dealing with and can weigh their options.

    After the admission exercise is over, tertiary institutions should initiate programmes that would offer counsel to applicants who did not make it. Some of them feel very depressed when they find their names are not on the list. Virtually all institutions, particularly the highly patronised ones cannot admit all their qualified candidates because they simply do not have the capacity. For instance, for the 2012/2013 academic session, the Yaba College of Technology could only admit 4,500 out of 110,000 candidates that applied for its National and Higher National Diploma (ND/HND), while the University of Ibadan admitted only 2671 out of 41,367 applicants. Informing candidates of the reasons they did not make it may make the news easier to bear.

    It will also be good if institutions can suggest options those who plan to retake the examination the next year can take. The options could include considering admissions through alternative routes like taking remedial, diploma, or foundation programmes or earning their degrees through the Open and Distance Learning (ODL) platform. The initiative could also be counseling sessions for candidates to learn what they are doing wrongly, or what kind of skills or jobs they can pursue while waiting to get into school.

    If institutions put such programmes in place, there would be less incentive to pursue admissions at all cost with grave consequences.