Tag: needs

  • Averting the fire next time

    Had last week’s go-back-to-work-or-face-a-sack order handed to the striking university teachers by the federal government not grated sufficient nerves to the point of rage, we should ordinarily be savouring the prospects of an engaging conversation on the future of our ivory towers in the global academe, and the crisis of our education in general. For not only has the latest but most unfortunate tango that has left public universities in utter paralysis for five months running rendered the conversation urgent, it is now such that the nation can only postpone the exercise at its peril.

    Now, there are those who believe that our nightmare is about ending – barring of course the threat by the unimaginative federal government to dislodge ‘recalcitrant’ teachers should they fail to report at their duty posts at the expiration of yesterday’s ultimatum. They have a good reason to be: with N200 billion in the kitty and the promise of naira rain totalling N1.2 trillion in the coming years; soon it would be time to savour the peace purchased with tears and a precious blood – that is, assuming that the remaining elements in the 2009 sticky agreement, especially the clause mandating another round of negotiation few months from now in 2014, sails without rancour.

    No doubt, the N200 billion intervention fund – slated to be shared among the three score plus four universities – federal and states – may seem a lot of money at this time. More like throwing water to a parched soul, it is a lifeline, sort of. However, the fund, when spread among the 701 projects dotting our universities’ landscapes as identified by the Committee on NEEDS Assessment of Nigerian Public Universities, which found 163 of them abandoned and another 538 on-going, it comes to pretty little – a drop in the ocean of the universities’ needs.

    By the way, the universities running costs are an entirely different matter; they are just as inadequate to cope with the demands of modern centres of higher education. It takes only a visit to our supposed citadels of higher education to appreciate the depth of the decay ranging from inadequate classrooms, ill-equipped libraries and laboratories to basic conveniences like lavatories and rest-rooms. The situation, to put it mildly, is unimaginable.

    The fundamental question remains – what happens after the N1.2 trillion is fully disbursed? Would that also call for another round of strike to press the same point about revitalising the institutions? And by the way, where is the guarantee that the current truce would last particularly as a lot depends on what happens in the coming months? Moreover, to the extent that the same elements of bad faith – which was not in short supply these past years – would remain a constant factor in the 2014 negotiations and beyond, the road ahead promises to be just as bumpy.

    The ultimate challenge, in the situation, is to find a lasting solution to the crisis to avert the fire next time.

    To be sure, the crisis of funding in our universities mirrors the larger crisis of our public finance system, the corruption and the rot, not excluding the warped definition of what constitutes national priorities for a nation that aspires to join the league of the top 20 economies in less than seven years from now.

    That is why the big question really is what to do – in the environment of competing demands on public funds not just in the context of the abysmal state of infrastructure, but also in the context of the grim reality of declining per capita spend on recipients of tertiary education in the last few years. Put simply: it is how to bridge the observed financing gaps in tertiary education.

    Now, if you are, like me, persuaded that the nation does not have an inexhaustible vault from where it could always draw upon, you may also agree that it’s time the beneficiaries are called upon to do their bit for the overall good of the system. Coincidentally, as Professor Niyi Akinnaso would have us know in his column in The Punch last year, Nigeria is not alone in this. Drawing his example from his base in the United States where he teaches, he noted that government appropriations, having dropped from over 50 per cent of university budgets in the 1980s to between 12 and 20 per cent in the 2000s has led to the hiking of tuition fees from some five per cent or less to between 25 and 35 per cent of university operational budgets.

    In our environment, such a proposition is certainly not popular to push. The truth however is that the illusion that tertiary education could be had for free can no longer be sustained any more now than the loathing of the idea of pricing that level of education like any other economic good. The challenge, to start with, is how to overcome the confounding reluctance by the universities themselves to determine the per capita cost of academic programmes as a necessary step to addressing the problem of funding in a realistic way.

    I had cause to address the issue on this page when the staff and students of Lagos State University took to the barricades shortly after the institution hiked tuition in that institution. Imagine a situation in which it costs N600,000 to produce a well-rounded doctor and the government is only able to put, say N300,000 on the table. Let’s also say, for the purpose of argument, that the student is made to pay additional N100,000 in tuition and associated fees. Of course, even if we take out the factors of corruption and leakages in the system, only in our typically creative imagination can we conceive of a situation in which N400,000 input would deliver the result of N600,000 input! Has anyone considered the output in terms of the cadaver that our medical trainee would never get to ‘see’ outside of the theoretical anatomy class throughout the entire five-year duration of the course?

    Here is my simple proposition: let begin with determining the cost of each academic programme. In addition to capital grants, let the government state how much, per capita, it is willing to put in. It is the educated thing to do. That way, everyone knows the gap to be filled. In the long run, the challenge is how to ensure that bright, indigent students are not denied university education.

    By the way, I have heard the suggestion about transforming the Tertiary Education Trust Fund (TETF) into an education bank to avail everyone that desires higher education loans.  If you ask me, I would not consider it a bad idea. Why should we baulk at the idea only because the Students Loans Board of old failed? And what is so sacrosanct about the TETF bureaucracy?

  • APC governors: Nigeria needs leaders with Mandela’s spirit

    APC governors: Nigeria needs leaders with Mandela’s spirit

    All Progressives Congress (APC) governors, under the aegis of the Progressive Governors’ Forum (PGF), have said Nigeria and Africa are in dire need of leaders who could match the spirit of reconciliation like the late South African President Nelson Mandela.

    In a statement yesterday in Abuja, titled: Nelson Rolihlahla Mandela and the Challenges of National Reconciliation: A Nigerian Calling, the governors mourned the demise of the African icon.

    The governors said: “As leaders, we note in particular that our nation, Nigeria, and the continent, Africa, are both in dire need of leaders who can rekindle the Mandela phenomenon and spirit of reconciliation.

    “We recognise, sadly, that although Apartheid and colonialism might have been dethroned, our country and continent still face crises of underdevelopment, unemployment and poverty, further aggravating bitterness and hatred among our people.”

    The forum, which urged the emulation of the late South African President’s legacies, also advised leaders to free themselves from bitterness and hatred as primary conditions for resolving conflicts.

    The governors alluded to Mandela’s words on leaving the prison after 27 years, saying: “As I walked out the door towards the gate that would lead to my freedom, I knew if I didn’t leave my bitterness and hatred behind, I’d still be in prison.”

    According to the governors, with those words, Mandela stepped out of prison and led a phenomenal national reconciliation after decades of racial conflict in South Africa.

    They said Mandela achieved “the most significant success in contemporary world history”.

    The governors noted that though Mandela has died but his legacies would continue to challenge all leaders.

    They added: “The most significant lesson of Mandela’s life and leadership is that conflicts and wars can be resolved once leadership is able to free itself from the bitterness and hatred that might have produced it. Where conflicts and wars persist, it is most likely that bitterness and hatred drive the actions of leaders, invariably making them part of the problem.

    “For us in the PGF, we are truly inspired by the life, leadership and, above all, challenged by the legacies of Mandela. As we mourn the passage of this great African and world leader, we commit ourselves and call on all leaders at home and abroad.”

    The forum, however, regretted that many leaders are unable to pull themselves out of their bitter feelings, the feelings they said produce hatred and stagnate governance and the society.

    The APC governors said leaders and followers appeared to be locked in the archetypal Mandela prison wall, adding that this was the reality in Nigeria.

    They promised to be committed to national reconciliation.

    The governors said: “As governors, who united under our great party, the All Progressives Congress (APC), we are truly inspired by the life, leadership and legacies of Nelson Mandela and hereby state our unequivocal commitment to true national reconciliation.

    “Pursuant of this renewed commitment, we pledge our support to our party leadership and the need to continue to mobilise all patriotic and progressive Nigerians to join our cause, so that together we can rededicate ourselves to a national rescue mission which begins with nationwide reconciliation. “Nigerians must believe and have faith in a united country and recognise that we are better off as a united people.

    “These are functions of leadership, not moral suasion. Together with our leaders in APC, we shall work hard in the coming days and months to move Nigeria and Nigerians towards national reconciliation. This is the best way to honour the legacy of Mandela. It is the step that we must take as leaders to achieve genuine freedom.”

  • This boy needs N3.5m to live

    Five-year-old Mustapha Ramadan Hammed is lying critically ill at the children’s ward of the Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos. He has been on and off in that hospital in the last few months until about two weeks ago when he was confined to a bed and placed on oxygen, pending when his parents will raise about N3.5 million for an open-heart surgery overseas to correct an abnormality in his heart.

    His parents say they have no such money and little Mustapha may well be left to die.

    A summary of his medical report dated August 20, 2013, and signed by Dr. E.N. Ekure, Consultant Paediatrician , reads: “The above named 5-year old male is a known patient of the Paediatric  Cardiology Unit of the Lagos University Teaching Hospital, Idi-Araba.

    “Clinical evaluation indicated that Hameed has symptomatic congenital heart disease, which was confirmed by echocardiography to be Muscular Ventricular Septal defect with Esienmenger Syndrome.

    “Hameed requires further cardiovascular evaluation and possible open heart surgery to correct his abnormality in order to forestall irreversible and life-threatening complications from developing. Unfortunately, open heart surgery for children is currently not available in our hospital.

    “This letter, therefore, serves as an introduction of the patient for any assistance that will facilitate surgical intervention at a centre with facilities for surgical surgery”.

    Mustapha’s woes do not end with the heart problem alone; at age 5, he is unable to walk well or stand for long, his hearing and talking abilities are impaired and his scrotum is swollen and enlarged, all cases, though associated with the heart troubles, that would require separate medical attention, all of which have been worked out to cost that sum.

    His father, Musiliu Hammed, a 42-year old petty trader and the mother, Falitalu Hammed, a 36-year old housewife, have sold off all they had to raise funds for his treatment from hospital to hospital since he was born until his recent proper diagnosis by LUTH.

    Fortis Hospitals, Mulund, Mumbai, India, contacted to carry out the surgery had through a Dr. Sachin Bhonsie, Senior Consultant Orthopaedic Surgeon, puts the cost less the flight tickets, feeding, transportation within India, accommodation and post surgery treatment at $10, 000. All other variables, including the treatment of his other ailments factored in put the total sum required to make the journey to India and completely treat Baby Mustapha of the ailments at $20, 000 about N3.5 million.

    Hammed, Mustapha’s father is giving up hope on him, clear that he could never raise the money.

    “Where will I get that sort of money? We have lost everything we had over this boy’s sickness, we can hardly feed, we have stopped our other two kids from going to school because we could not cope with having them in school and put up with this boy’s treatment as we have done these past five years, we can’t continue anymore because there is no way we can get that sort of money for the surgery overseas.

    “We have been in this battle to save his life since he was three months, giving birth to him was something the mother  miraculously survived, after several days in labour without being able to have him normally, she under went a cesarean section, in fact, only God saved her. Within three months of his birth, we noticed that he had breathing difficulty, we thought he had catarrh, we took him to the health centre around our area, the health centre referred us to Mercy Hospital, Lagos Island, Mercy in turn directed us to the General Hospital, Ikeja, where he took treatment for two years before we were again referred to LUTH. He has been taking treatment at LUTH since then, now we are asked to cough out N3.5million to take him to India for surgery, we can’t afford it, I think we have to end it here, God knows we have put in all we have to make him live,” Hammed said as he tried to control tears, rolling down his cheeks.

    But his community is determined to save Mustapha’s life. The Secretary,  Adeyemi/Arowojobe Community Development Association (AACDA), Mr. Sunday Akanni Alade, who described the Hammeds as very good and loyal members of the community, said they have been  doing everything, including assisting the young boy’s parents with the daily N5,000.00 payment for his oxygen and  appealed to good spirited members of the public, corporate institutions, governments, non-governmental organisations (NGOs) and religious bodies to come to their assistance to save the little boy’s life.

    “The parents are completely down; this new call for N3. 5million for an operation on the boy seems to have made them to finally give up hope on him because they have no such money.

    “We, therefore, appeal to members of the public to come to their aid, an account number 3075352003 has been opened in the name of Hammed Mustapha Ramadan with the First Bank of Nigeria; donors should please make their contributions to the account,” Alade pleaded, assuring that contributions would be judiciously used to save the little boy’s life.

  • Why Nigeria needs National Conference

    Why Nigeria needs National Conference

    Group Political Editor EMMANUEL OLADESU traces the genesis of the clamour for a Sovereign National Conference (SNC) to the neglect of federal principles by successive administrations, thereby aggravating the multiple challenges of nation-building and development.

    Senate President David Mark’s endorsement of a national conference on Tuesday is generating reactions. Many are cautious in welcoming his call, even though they agree that the ethnic nationalities need to talk about how to live together.

    Not a few see Mark’s change of mind as diversionary and one of the tactics being perfected to ease way for some political interests in the 2015 elections.

    From the eighties, ethnic nationalities intensified their campaign for a Sovereign National Conference (SNG) to discuss the basis for peaceful co-existence in the country. Under the military regime, the agitation grew, following the breakdown of the federal principles, which were agreed upon by the founding fathers.

    The 1960 Constitution prescribed federalism for the country. Barely six years after, the military deposed the legitimate authorities and foisted a unitary system. Since then, the battle for the restoration of the federal principle has been raging. Thus, the clamour for a national conference has as its main objective the return to true federalism.

    In his book, Path to Nigeria’s Freedom, the late sage, Chief Obafemi Awolowo, reflected on the country’ future. He submitted that, considering its heterogeneous nature, the practice of federalism would be appropriate. Having studied the federal societies around the globe and the challenges confronting them, he reasoned that that system of government would protect the identities of the constituent federal units, which are co-ordinate with the “federal, national or general government at the centre” and confer on them autonomy, based on their peculiarities and diverse interests.

    After the fall of the Second Republic, the military pursued its unitarist agenda, which made the states subservient to its authority. Although the country faced many crises, those of distribution, integration and participation have put it on edge.

    The distribution crises stemmed from the feeling of the alienation by the goose that lays the golden egg, which is oil. Integration arose from the indigene/settler dichotomy and its attendant controversies. Participation crisis is about the Presidency and the scramble for federal power and resources by the competing, antagonistic tribes.

    These crises of nation-building make the resolution of the subsisting national question more compelling. Reflecting on it, Delta State Governor Emmanuel Uduaghan, who supports national conference as against SNC, lamented the mistrust, distrust and suspicion that have crippled peaceful co-existence. “There is need for us to meet and discuss”, he said, maintaining that a national conference, and not a SNC, is the answer.

    In fact, the late legal luminary Chief Alao Aka-Bashorun spent the last decades of his life fighting for the conference. He reasoned that, if Benin Republic could achieve it and reposition its polity through the measure, it was possible in Nigeria.

    The slain Attorney- General and Minister of Justice, Chief Bola Ige, had also delved into the heart of the national question almost 20 years ago. He peeped into the future, warning that Nigeria was heading to a danger. “Do we still want to live together as a country?”, he asked. If the answer is yes, he again asked: “how’? To the former governor of Oyo State, a national family meeting was crucial to deliberate on the terms for unity among the component units that are coordinate with the central government. But it was evident that Nigeria lacked the potentials to become a national community, a family and an enduring federation, because of its leaders aversion to the pursuit of the federal tenets.

    Ige’s proposal trailed the postulation of his leader and mentor, Awo, But before that, Governor Hugh Clifford, who took over from Lord Fredrick Lugard as governor of Nigeria, had also dissected the huge plural society and its forced amalgamation. The colonial governor identified the fundamental elements of its plurality. These include diverse languages, customs, traditions, and religions. Clifford acknowledged that these elements had the ultimate potentials of shaping the colonised peoples’ reactions and perceptions of the socio-economic and political milieu.

    As the colonial country wobbled on to independence, frontline nationalist politicians, who were eager to receive the bastion of leadership from the interlopers, also recognised Nigeria’s limitations. Former Eastern Regional Premier, Dr Nnamidi Azikiwe, who later became Governor-General, said to Awo and Alhaji Ahmadu Bello: “Let us forget our differences”. But Bello, who clearly knew the point Zik was raising, disagreed. The former Premier of Northern Region said: “We must understand our differences”.

    The three regions; North, East and West, were not the same, both in the quality and quantity of their population at independence. In 1998, Ige, who later served as the Attorney-General and Minister of Justice, remarked that, for the North to catch up with the South in the race of progress, development must be at a standstill in the South for 20 years. The distribution of the proceeds from the ‘gift of nature’, which is now a source of blessing and curse, is also skewed. But its is majorly produced by the minorities, who until President Goodluck Jonathan’s emergence, have not produced the President, the sole distributor of the national largesse. None of the three big tribes, or ethnic nationalities, is a major producer of oil, which is now the mainstream of the economy.

    While the early leaders opted for federalism and regionalism during the pre-independence and immediate independence era, with the advantage of healthy competition that went with the choice, the military, which submerged the country under its centrist system of administration sowed the seeds of discord. The early strain manifested in the three years of avoidable civil war. When states and local governments were created in response to the elite’s scramble for power, resources and relevance, the distribution by the military was lopsided, thereby engendering bitterness. The military nationalised the regional assets, including tertiary institutions, banks and industries, and the formula for equitable, just and fair distribution of the commonwealth. The principles of derivation, need and national interest were turned upside down and the oil-rich region was inflicted with the burden of neglect and denial, prompting violent protests in the Niger Delta.

    Unitary system erased the gains of federalism. Gone were the community and state police. The result was insecurity across the six geo-political zones. Up came the Land Use Act, the emasculation of the state and local governments, hijack of value added tax, and full concentration of power in the tiny federal apparatus.

    After a protracted battle by the citizenry against the military, the new dispensation was improperly midwife. The military succeeded in laying the foundation of this dispensation on the relics of its unitary structure. The bone of contention is the constitution, which in the view of the frontline legal luminary, the late Chief Rotimi Williams (SAN), lied against itself. It was drafted in a hurry. A closer examination by the political class that would operate it was not permitted. Instead of devolving powers to the states and councils, the 1999 Constitution made the component units the appendage of the federal government. Consequently, Nigeria groans under a power-loaded President, who has sweeping powers.

    The operators, mainly the conservative political bloc, deliberately erected barriers on the way of constitution amendment. From the beginning of this dispensation, the polity has been polarised by the struggles of the pro-constitution amendment crusaders in the National Assembly and agitators of a new constitution through the Constituent Assembly. A National Democratic Coalition (NADECO) leader, Gen. Alani Akinrinade (rtd), who belong to the later group, said the National Assembly, as currently constituted, lacked the mandate to make a new constitution for the country. He explained that only a body that is representative of the ethnic nationalities and other interests can tackle the assignment. Members of the National Assembly disagreed. Even, the vociferous progressive legislators have kept mute on taking their seats in the parliament.

    Observers contend that efforts at constitution amendment have been futile, owing to the insincerity of the power that be. While the Abuja Conference set up by former President Olusegun Obasanjo ended in a fiasco, owing to the third term agenda, the Pro-National Conference Organisation (PRONACO), which held an alternative dialogue in Lagos, lacked the zeal to market the its draft to the government and people of Nigeria. The Abuja Political Conference was crippled at its inauguration when the former Commander-In-Chief declared that there would be no-go area.

    Many believe that, unless the constitution is amended or reviewed to reflect the yearnings of the people, Nigeria will remain a tension-soaked, fledging federal state. Although no ethnic nationality has really indicated intention to opt out of the federation, there are repeated inclinations for the protection of diverse identities and interests, which global organisations describe as the anthem of this millennium.

    It is doubtful, if the federal government is sensitive to this reality. Many Nigerians were shocked when President Jonathan ruled out the possibility of an SNC. The anxiety intensified in Lagos when the Senate President, Gen. David Mark, said that the National Assembly was capable of repositioning the polity through the constitution amendment. However, judging by the moves by the Senate and House of Representatives, the on-going amendment cannot resolve the national question.

    Echoing these feelings and sentiments, Ayo Adebanjo, lawyer and politician, posited that the solution to the tensions and contradictions that plague the country lies in the Sovereign National Conference. He lamented that those blocking this route may make its gains to elude the polity.

    Highlighting the gains of the conference, the leader of the Southeast-Southsouth Professionals, Emeka Ugwu-Oju, said a national debate or dialogue is a soothing balm to the pains and scars inflicted by the fading federalism. He recalled that, when there were national conference in Abuja and the alternative conference in Lagos, there was no single case of violence in the Niger Delta for one year.

    Frontline legal scholar Prof. Ben Nwabueze said the SNC is non-negotiable. His association, ‘The Patriots’ also believes that peace, trust and tranquility would return to Nigeria, if two criteria are met. The first is the drafting of a new democratic constitution to replace the 1999 constitution, which it described as a military-imposed document. The second is the convocation of a conference. This lines of thought are supported by the revolutionary lawyer, Dr Tunji Braithwaite, a SNC advocate.

    “It is now clear that the 1999 military Constitution is neither amenable nor amendable to panel beating as it has been attempted in the past and now by the political class,”he said.

    The founder of the Oodua Peoples Congress (OPC), Dr. Fredrick Fasehun, wondered why the people in government are opposed to the conference.

    He said: “We need to revert to regional autonomy to allow the regions to develop at their own pace and permit their governors to strategise on developmental priorities as currently being done by Southwest governors”.

    Braithwaite, who has been calling for a constitutional surgery, dismissed the fears of the anti-conference crusaders, saying that they were unfounded. He said the conference will not lead to balkanisation, adding that Nigeria will emerge as a united country based on mutual agreement.

    Another pro-conference agitator and lawyer, Dr Tunji Abayomi, who spoke on the flaws of the 1999 Constitution said certain issues affecting the country can be properly discussed at the Constituent Assembly of the Nigerian People. He said: “The foundation of this country is not clear. There is no agreement by the ethnic groups about Nigeria. Until there is an agreement on the basis for co-existence, there will be no nation. It will be worse for our children in the future.”

     

  • Polio eradication: Nigeria needs N40b

    Nigeria needs N40 billion ($250) for its 2013-2015 polio eradication programme.

    The country’s fight to eradicate polio received a boost yesterday as KFW, a German bank, announced a support of €32 million to the country for the implementation of the polio programme and another €5 million for security.

    The country is also eyeing additional €40 million from Germany’s €100 million additional support for 2014 -2017 through the same bank.

    German Embassy’s Charge de Affairs Klemens Moemkes, announced the financial assistance shortly before the signing of the phase V financing and project agreement between Nigeria and Germany at the Ministry of Foreign Affairs, Abuja.

    The Executive Director, National Primary Health Care Development Agency (NPHCDA), Dr. Ado Mohammad and the Programme Manager, KFW bank, Germany, Dr. Weth Wolfgang, witnessed the signing.

    The ceremony was coordinated by the Acting Minister of Foreign Affairs, Prof. Viola Onwuliri.

    Moemkes said the assistance was part of his country’s efforts to support Nigeria’s programme to eradicate polio.

    Said he: “We are making available for this phase of the programme, 37 million pounds and around 32 million pounds for the implementation programme and five million pounds for security programme.

    “The target is children under five years.”

    Prof. Onwuliri said the agreement is expected to facilitate the release of €35.5milion by KFW of Germany to assist Nigeria combat the scourge and transmission of polio “as well as bridge the resource gap in our fight against polio.”

    She said in 2012, the country also signed a similar agreement to the tune of €17.5million with the same bank to finance three immunisation programmes.

    The total assistance by Germany through the KFW would exceed €88 million.

    She told her guests that the President Goodluck Jonathan administration is appreciative of the contribution of the Germans.

    Prof. Onwuliri attributed the incidence of polio to ignorance and poverty.

    She, however, said government is doing everything to eradicate the scourge as it did with Guinea worm.

    Nigeria, she said, would receive a certificate of clean health bill in Guinea worm from the World Health Organisation (WHO) in December.

  • Oduamadi needs time to blend-Giampaolo

    Oduamadi needs time to blend-Giampaolo

    Brescia Calcio coach, Marco Giampaolo says new loanee, Nnamdi Oduamadi needs time to gel in his team.

    The Nigerian made his debut in a friendly played against Albinoleffe on Tuesday afternoon which they lost 2-1.

    Giampaolo when asked to asses his new signing said that: ” He did only two training sessions with us. I did start him from the beginning of the game because I want him to understand immediately what I have in mind. Then it is normal that over time he will blend in the team. “

  • ‘Nigeria needs consistent policies to drive growth’

    ‘Nigeria needs consistent policies to drive growth’

    Olatunde Olanipekun, executive director, Finance, Fidson Healthcare Plc, is an economist, chartered accountant and tax consultant. In this interview with Capital Market Editor Taofik Salako, he speaks on Nigeria’s industrial prospects, challenges facing manufacturers and the conversion to the International Financial Reporting Standards (IFRS), among other issues.

    What’s your assessment of the operating environment?

    The business environment in Nigeria has always been tough because of its competitiveness. We have all kinds of companies operating in the industry. The challenges of business operations are also not helped by the insurgency in some parts of the country. We might also want to consider the challenge of infrastructure, which is a critical aspect of operating businesses in Nigeria; talking about electricity, road networks and the likes.

    Businesses in Nigeria are also faced with various policy changes and somersaults periodically. It is difficult for operators to know what is going to happen in the nearest future, at any given time because we have government agencies giving different interpretations to policies. There are a lot of issues to contend with within the business terrain that make the environment very tough for businesses to thrive.

    How has the security situation in parts of the country affected operations?

    The security situation, particularly in the northern part of the country, has affected our business operations because about 20 per cent of our business is from that part. This has resulted in a major shortfall in the company’s revenue since the northern market is one of the company’s major markets. As a result-oriented organisation, we are left with no option but to devise ways of making up for the shortfall in order to meet our target for the year. That has been the company’s biggest challenge because at the end of the day, you won’t go and tell your shareholders that because of the insurgencies in the North you cannot deliver or pay dividends. So the onus lies on us to go back to the drawing board and strategise the way around it.

    What are the other peculiar challenges being faced by manufacturers, especially in the healthcare sector?

    Of course, the most often repeated complaint is about the state of our infrastructure. As I said earlier, the state of infrastructure in Nigeria is getting worse by the day. The situation has got to a stage where you have to be your own government in order to remain in business. By this I mean as a business owner, you have to virtually generate your own power and build your own roads. For instance, the road to our new factory in Sango-Ota is in a terrible shape. We face problems trying to transport goods there. The level of insecurity generally is a major concern; all these factors at one point or the other come together to affect the company’s operations.

    How can real sector’s productivity be enhanced?

    There are several things that can be done to motivate the real sector, but more importantly is the need for consistency in government policy, which is generally understood by everybody and not subject to different interpretation. This policy inconsistency is a fundamental issue that must be addressed by government and its agencies.

    Then in terms of tariff, the real sector can be encouraged in several ways. Yes, pharmaceutical industry enjoys some level of protection in terms of tariff, but it is not all embracing. Apart from the fact that it is not all embracing, some of them are not very clear. There is no country in the world that does not protect its local industry especially in the area of taxation. But in Nigeria, there is multiplicity of taxes.

    Again, the state of infrastructure should be improved upon by government. In other parts of the world, companies don’t bother about basic infrastructures like electricity, water, good roads and others, but here in Nigeria, we bother about all of these things that should have been there, yet we are made to compete with our foreign counterparts who don’t face these difficulties. This also explains why sometimes imports come in cheaper than Nigerian products. Their processes are supported and subsidised by their government. They are also provided with the right operating environment to manufacture.

    What are your concerns about the future outlook of the pharmaceutical businesses. What possible risks can you foresee in the horizon?

    Looking at the pharmaceutical industry in Nigeria, the future is looking good because of the activities of the regulatory bodies. NAFDAC and other regulatory bodies have been doing a whole lot to bring about positive change in the industry and if they continue with the way they are performing, the activities of counterfeiters for instance will be reduced significantly. Then local manufacturers will continue to thrive and we can confidently say that the future is good.

    Most importantly, the government must deliberately patronise local products. Companies spend a lot of money putting facilities together to manufacture products and yet the government won’t patronise them. Considering that government is the biggest spender in this part of the world; if the biggest spender is not patronising the local industries, companies end up scrambling for the remaining crumbs coming from other interests. So the Federal, State and Local government should make deliberate efforts, by way of policies to patronise local manufacturers, so that indigenous companies can grow and the industry will develop significantly. When the government shows confidence in the home industry by patronising its products, other foreign companies who have interest in embarking on support projects in Nigeria will find it easy to patronise the home industry. But in a situation where the government finds it difficult to patronise the home industry, how do you expect foreigners to do so.

    What are you doing at Fidson to mitigate future risks and enhance shareholders’ returns?

    What we do is to continue to improve on our efficiency and productivity. As an innovative company, we are trying to diversify our product portfolios by developing new products through research and development and also bring in new innovations. For instance, recently we just launched our Cestra range of products which are nutraceuticals; and we have the herbal products range too. The company is generally expanding its product portfolio. The Biotech plant, which is near completion, is also a way to grow our business. We are always looking at every opportunity to improve on our efficiency, cost control and other things to ensure that we put up superior performance for the benefit of our shareholders.

    In view of these plans and ideas, is Fidson considering raising new capital?

    That is a plan for the future, but talking about the immediate, we are trying to consolidate on achieving values for our business. Of course to a certain level, it will come to a time that we will have to expand our capital base and then we can go to the market to raise money. But we will want to do so at the right time when we can be sure of bringing in good value to the company both in terms of financials and performance. The investors can see that they are buying into a good company with sustainable growth. Certainly we are considering raising money but not in the immediate.

    How has the conversion to the IFRS been?

    The conversion to the International Financial Reporting Standards (IFRS) has been an eye opener. Well, there have been challenges in the process, but the benefits far out-weigh the challenges we may want to talk about. It is all about being transparent and explaining in more details the facts and the figures, so that reports will not be subjected to any subjective interpretations.

    I believe this will open our businesses to foreign investors because they will be able to assess us more objectively and compare us with other businesses around the world. It is getting to a point when the entire world will be reporting in the same way and Nigeria cannot be an exception.

    In the light of the general operating environment and the peculiarities of the healthcare sector, what are the prospects for Fidson in the immediate, medium to long term?

    We are recording consistent growth year in year out because we have worked out our own strategy to deal with the challenges facing us. As I said earlier, we cannot continue to complain about the challenges, instead we just have to look for a way to work around them and still achieve the set business objectives, and this we have been able to do well and have continued to deliver on our promises to the stakeholders.

    Going by our past records, we can say that we have mastered ways of handling difficult situations. We can only strive to make things better and continue on our path of sustainable growth. Our Biotech plant which is gradually drawing close to completion is one of our major plans for the future. It is our expectation that the Biotech plant will enhance our business in terms of capacity and revenue.

    Talking about the long term, with the direction we are moving in now, in terms of our business approach, we are confident that there will be significant improvement in our operations and productivity, as well as remarkable growth in our revenue ; of course barring any unforeseen political situation which can affect the country’s economic environment.

    What are you doing to enhance investors’ relations and make the board and management accountable to shareholders beyond the annual general meeting?

    Fidson Healthcare Plc generally interacts with shareholders. We maintain a very cordial relationship with them and from time to time, we reach out to them. We also make sure that our business operation is transparent. The company also reports its activities to the world so that at every point in time, the public get to know what we are doing. We also have periodic sessions with the shareholders associations to discuss our activities, progress and also share our challenges with them. So our activities are open to public scrutiny.

    We also have committees of the board which covers all the broad aspects of our organisation. Statutory regulations have made it compulsory to have various committees that must report to the board. We also have a vibrant audit committee that is made up of knowledgeable external shareholders. They meet regularly to subject our books to scrutiny, monitor our operations and give suggestions on how we can improve generally.

  • Efe Ambrose needs rest —Lennon

    Efe Ambrose needs rest —Lennon

    Celtic manager Neil Lennon has insisted he will not rush Efe Ambrose back from international duty after learning from the experience of last season.

    The defender declared himself fit for a UEFA Champions League game against Juventus in February after flying in from the Africa Cup of Nations, but produced a poor performance in a 3-0 defeat and was even criticised by team-mate Kris Commons.

    He has been away with Nigeria again this summer, at the Confederations Cup, and Lennon has promised that this time he will not come back too soon.

    The Celtic boss says Ambrose needs some time off ahead of the new campaign, even if that means he does not play much of a role in pre-season.

    Reflecting on what happened against Juventus, Lennon said in the Sunday Mail: “,We’ll learn from that one.

    “He won’t be back until the 15th, so he’ll miss a huge chunk of pre-season.

    “Efe’s a fine athlete but he needs rest.”

  • Senator Tinubu: Nigeria needs better govt

    The senator representing Lagos Central at the National Assembly, Mrs Oluremi Tinubu, has urged Nigerians to vote for a power shift from the conservative forces to the progressive block in the 2015 elections.

    The senator decried the soaring poverty, unemployment, disrespect for the rule of law and moral decadence across the land.

    She said: “We need a better government in 2015. The crown is too big for President Goodluck Jonathan. In 2015, the answer is the APC.

    “Today, given the level of Nigeria’s development and the disposition of Nigeria’s leadership, there is no doubt that Nigeria is in great need of a change and development. While the manifesto of our party, the Action Congress of Nigeria (ACN), is based on a populist foundation, we resolved to join hands with other progressive thinkers and form the All Progressives Congress (APC) so that we can all realise a new dawn in Nigeria.”

    Senator Tinubu addressed reporters in Lagos on her activities as a legislator.

    The media parley was witnessed by ACN leaders, including the former National Vice Chairman, Prince Tajudeen Olusi; Eti-Osa, Lagos political leader, Prince Murphy Adetoro; former Minister of State for Defence, Chief Demola Seriki and an ACN stalwart, Alhaji Mutiu Are.

    She denied insinuations that she was warming up to contest the governorship election in Lagos.

    The senator said such rumours arose from the figments of imagination of the peddlers.

    The ACN chieftain said her pre-occupation now is how to make a success of her current assignment.

    Mrs Tinubu aligned with the suggestion of ACN National Leader, Asiwaju Bola Tinubu, on part-time federal parliament and pruning of the parliamentary seats.

    She stressed that the nation’s political structures are expensive to maintain.

    The senator explained that the prevailing trend of soaring recurrent expenditure, particularly the devotion of the national resources exclusively for salaries and emoluments, does not augur for national development.

    Taking exception to the state of emergency proclamations, Mrs. Tinubu said: “The state of emergency came too late after the budget had been devoted to security. I never supported it. I don’t believe in it.”

    Mrs Tinubu also reacted to the position of Britain on gay marriage, urging Nigeria to defend the nation’s diverse traditions, moral interest and sovereignty. She said: “Britain is wrong. It is about the freedom of choice. Africa has its tradition and culture, unless they want to give us a new Bible. The Anglican Church has even dissociated itself from the Church of England on this issue.”

    Advising Nigerians to embrace the progressives, the senator said the nation requires a government that can introduce social security benefit, free education and health as well as other welfare programmes.

    She also spoke on her two bills on social security for the elderly and jobs for women.

    According to her, the third bill is on the special status for Lagos.

    Mrs Tinubu added: “My humble effort to help redress the federal infrastructural deficit in my constituency includes facilitating the construction of a N222.3 million Drug Rehabilitation and Counselling Centre in the Lagos Central District under the 2012 Budget and a N223 million ultra-modern market that is about to be constructed in the district under the 2013 National Budget.”

  • Niger Delta needs N3tr for development, says Orubebe

    The Minister of Niger Delta Affairs, Godsday Orubebe, has said the ministry would need about N3trillion for the development of the region.

    He, however, revealed that the area has received about N200 billion for its development projects.

    The minister decried the increasing wave of insecurity in the oil-rich region, saying the rate of kidnapping has been a constraint to development.

    No fewer than 18 cases of kidnapping of construction workers have been recorded in the post-amnesty era.

    Orubebe, who spoke at the ministerial platform to commemorate the mid-term anniversary of President Goodluck Jonathan’s administration, noted: “Kidnapping still poses a great threat to the development of the Niger Delta.”

    Hbe said a minimum of five soldiers are attached to one construction worker on the East-West road.

    The minister said: “Even though youth restiveness and insecurity in the region have abated, intermittent disruption of projects by youths, excessive demands on contractors by communities/ individuals and kidnapping still constitute serious problems.

    “These have often led to work stoppage.”

    He appealed to the people to shun the acts.

    “No amount can be too much for development and if I am asked that how much will I need to develop the region I would say over N 3 trillion.

    “On what we have gotten as budgetary allocation for the period, it is over N200 billion.”

    Orubebe described the terrain as a challenge facing the region.

    This, he said, has led to high costs of projects and technology required for infrastructural projects.

    He added that the terrain in most part of the region makes infrastructural development a difficult task.