Tag: Nigeria

  • Bible Society of Nigeria has achieved a milestone, says cleric

    Bible Society of Nigeria has achieved a milestone, says cleric

    The Bible Society of Nigeria (BSN) has made remarkable progress in the country since it was founded in February 1966.

    Bishop Elijah Sandy, the controller of BSN in Delta State, made the remark at the 2024 annual conference of the society, which took place at Heroes of Faith Church, Ughelli, Ughelli North Local Government.

    Bishop Sandy said the Bible had been translated into 27 languages in Nigeria since the BSN came into being and that many translations have been approved for publication.

    In a statement, the clergyman said that the BSN had succeeded in translating the Bible into Urhobo, Itsekiri and Isoko languages, which are widely spoken in Delta State and that translations into other major languages in the state, including Izon and Okpe are in progress.

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    He said the United Bible Society (UBS), the umbrella body for Bible societies operating in over 240 countries and territories, was facilitating the translation of the book revered by Christians all over the world into various languages, including over 500 Nigerian languages.

    The BSN controller in Delta State added that the translation and printing of the Bible cost about N120 million.

    He said the BSN had concluded plans to build a befitting Bible House Tower at the cost of N2.5 billion in Lagos. Similarly, added that the traditional ruler of Okpe Kingdom, the Orodje of Okpe, has helped to start a Bible House project at Orerokepe, Okpe Local Government Area of the state.

    The guest speaker and the chief host, Bishop Kingsley Enakirerhi urged Christians to delve into the Bible to unravel the secret of practising and living the word as commanded by the Lord Jesus Christ.

    Bishop Kingsley Enakirerhi, who is also the chairman of the Pentecostal Fellowship of Nigeria (PFN), added that the book is not only meant to be kept merely under the pillows as a means of miracles but also to be studied to imbibe the knowledge contained in it.

  • Methodist Church Nigeria hosts Africa Methodist Council Summit

    Methodist Church Nigeria hosts Africa Methodist Council Summit

    A former President of Nigeria, Chief Olusegun Obasanjo; the President, Africa Methodist Council, and the Presiding Bishop, Methodist Church Ghana, The Most Rev Dr Paul Boafo; Prelate, Methodist Church Nigeria, Dr. Oliver Ali-Aba,  and others have been billed to grace the 2024 Annual Heads of Conferences Summit and Conference of Africa Methodist Women’s Movement Conference Wing to be hosted by Methodist Church Nigeria in Lagos, Nigeria.

    The five-day event coming up at Methodist Church Nigeria, Wesley Chapel, Lekki, Lagos will begin on Wednesday, May 29th to end on Monday, June 3rd, 2024.

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     Theme for this year’s Summit tagged: ‘A revitalized Methodist Movement for the transformation of Africa’s socio–political and economic landscape,’ will be delivered by the Keynote Speaker, who is the General Secretary, World Methodist Council, Bishop Ivan Abrahams.

    According to the Chairman of the Summit Planning Committee, Rt. Rev. (Dr) Sunday Onuoha, “This year’s Summit is expected to attract notable personalities within and outside the Methodist family all over the World to be led by the President, Africa Methodist Council, Most Revd. (Dr.) Kwabena Boafo and the Chairperson, AMC Women’s Movement, Bishop Purity Malinga amongst others.

  • Nimi makes history as youngest scorer ever in Nigeria’s domestic league

    Nimi makes history as youngest scorer ever in Nigeria’s domestic league

    The Nationwide League One, which is regarded as the most important football league in Nigeria, has become home to football history makers.

    When the management of the NLO demanded that participating teams ensure the registration of young players, it was clear to discerning minds that it would yield good fruits.

    One of the most prominent results, is the emergence of prodigiously talented 14-year- old Nimi Solanke, who captained and shone brightly for Olumo United football club during its participation in this year’s NLO matches, played at their Ogun State centre. Many who knew the immensely gifted Nimi, who is fondly called Wonderboy, were not surprised that he bravely led the young team paraded by Olumo United against bigger and older oppositions.

    Real names Patrick Adeoluwanimi Solanke, made history at the age of 14, as the youngest ever goal scorer in the annals of league football in Nigeria, when he scored the equaliser for his side that was credited as the youngest team against Lasegski FC in an NLO game.

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    This remarkable feat has not gone unnoticed as the management of the third-tier domestic football league have expressed their happiness in the achievement of Nimi, which they also believes is a testament to their plans to develop Nigerian football through the encouragement of younger footballers in organised football.

    “Nimi is still very young and a secondary school student. We plan to continue the exposure for him playing against older players in various tournaments, within and outside the country. The real work has just got started and we hope that the world will recognize his prowess in the field of play,” Solanke, the proud enthused confidently.

    Meanwhile, Nimi, a product of Provavios Sports Academy, owned by his father Segun Solanke, is unfazed by his historic achievement, as he confidently reiterates his determination to follow every footstep of his idol Cristiano Ronaldo, with his eyes firmly placed on the coveted Ballon D’Or, as a future winner.

  • Deborah Samuel: Of martyrdom and hope for a better Nigeria

    Deborah Samuel: Of martyrdom and hope for a better Nigeria

    Sir: Our eyes are filled to the brim with tears; our minds distraught with misery, pains and grief; the air and land saturated and flowing with blood since Deborah Samuel Yakubu, a student of Shehu Shagari College of Education, Sokoto, was stoned to death in a brutally gruesome, cruelly savage and barbarically harrowing experience with her corpse burnt to ashes on Thursday May 12, 2022, for alleged blasphemy.

    Honoured by the International Religious Freedom, through the Department of State, United States of America on Monday August 22, 2022, the IRF had remarked that: “we honour her life as we continue the work to end such vicious violence”.

    Sadly, the criminal conspirators and perpetrators of this heinous crime have not been persecuted or are at large, scot-free for about three years now.

    As Africa searches for renaissance, the erstwhile South African President Dr. Thabo Mbeki once described Nigeria as a mismatch. In the words of the former South African President in The Guardian October 4, 2000, what we have in Nigeria is “a grotesque and confusing mismatch: the body of truth and the head of falsehood”.

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    That notwithstanding, Professor Ali Mazrui, famous for his scholarly work and sound erudition for the restoration of the dignity of man in Africa and the diaspora in his uncompromising comparison of the United States of America and Nigeria said that USA and Nigeria have several qualities and characteristics; while USA is the colossus of Western hemisphere, Nigeria is the colossus of Africa. But while Americans are alive and well, Nigerians are alive but not well.

    Originally, designed to provide a framework for governing, four million people in thirteen colonies in the Western hemisphere, the American Constitution, for example, was guided and propagated by the vision and genuine sense of justice, freedom, equity and fair-play by the founding Fathers to protect the inalienable rights of man known as “The American Dream.”

    Indeed, the basic provisions of the United States of America Constitution were so pragmatic and soundly conceived that with 26 Amendments, it now serves the need of more than 240 million people from different ethnic nationalities in 50 diverse states that stretch from the Atlantic to the Pacific Ocean.

    Today, by divine power of the unseen hands of fate, destiny, providence and circumstances, history has placed Ahmed Bola Tinubu squarely and perfectly as the 7th elected President of Nigeria.

    For About two decades now or more, the unity and peace in Nigeria have been threatened and ravaged by the menace of kidnapping, abduction, banditry, unknown gunmen, bloodletting and martyrdom etc.

    Under Tinubu, never again will average Nigerians groan in poverty, insecurity, nepotism and mediocrity, etc., but will dwell as one indivisible entity through love, meritocracy, creativity, supernatural abundance and excellence which is the watchword of Lagos State which he superintended for eight years.

    Leadership is about service to God and humanity because power comes from the Lord God Almighty. Therefore, let those who are elected to serve at any level painstakingly sacrifice their personal interest at the altar of national or public interest. May the Maker and Creator of the entire universe be gracious to humanity at these trying times, so that the ways of the LORD may be known on all the earth and salvation among all people!

    •Peter Agwara (Ph.D),Methodist Church, , Marina Lagos.

  • Sixty years of public relations practice in Nigeria

    Sixty years of public relations practice in Nigeria

    Celebrating Diamond Jubilee in life of any individual or organization is no mean feat, considering peculiarities of Nigeria as a nation where life expectancy is barely 56 years.

    Sixty years of Public Relations in Nigeria is not by any perspective Uhuru. In fact, compared with advertising practice, any discerning public relations practitioner would conclude that they are miles apart. No thanks to misconceptions of what public relations is all about.

    Public relations is a profession that helps businesses and organisations manage their image and build lasting relationships with the public. As a public relations professional, you engage with customers and clients to ensure a cordial and trusting relationship between the company and its market. Knowing the duties and responsibilities of a public relations role and the key functions of the position can help you determine whether the profession is ideal for you.

    Every industry has challenges. The construction industry has bad weather. The medical industry has supply shortages. So does public relations world over. But just because challenges are inevitable doesn’t mean you can’t prepare yourself. Knowing what’s likely coming and planning the best way to tackle it will make you a better professional PR, work bestie, and more.

    We should not be fretting with technology. AI will transform public relations, making it easier to draft press releases. Chatbots will continue to improve the user experience and enable faster distribution of brand messages to the public.

    In today’s fast-paced and interconnected world, the art of Public Relations (PR) has become an indispensable tool for organizations to effectively manage their image, build strong relationships, and cultivate trust with their stakeholders. Public Relations encompasses a range of strategic communication practices that aim to shape public perception, enhance reputation, and drive positive outcomes.

    It is widely acceptable that Public Relations emerged from the United States of America, on the global scale in the late 19th and early 20th centuries. This is because public relations-like activities were discovered in the early days of American settlement as each of the colonies used publicity techniques to attract settlers.

    However, the British Institute of Public Relations’ definition has come to be a household definition. The institute defines Public Relations as ‘‘the deliberate, planned, and sustained effort to establish and maintain mutual understanding between organization and its public’’.

    This is the most popular definition among many practitioners. A careful examination of this definition reveals painstaking effort by the British practitioners to carve a niche for the profession and to remove it from the realm of an all-comers profession.

    A review of the above definition shows that Public Relations is planned. It is never haphazard or sudden. It is a well thought out and designed programme to warm an organization (government inclusive) to the heart of its publics. In a nutshell, Public Relations is everything done to improve mutual understanding between an organization and all those whom it comes into contact both within and outside. It is much more than just cultivating contacts. It is about devising and implementing strategic campaign, preventing and reacting to crisis, ensuring that an organization is always correctly and positively represented.

    The Biblical injunction, ‘see that you do not blow your trumpet’ does not suffice in Public Relations. One must publicize himself; his organization or nation’s good works and cloth it with personality. Currying favour of the public is the ultimate goal of management of every organization. I sometimes shudder anytime I listen to some of our leaders. And I would ask: where are the Public Relations practitioners?

    Perhaps, they tend to confuse Public Relations with propaganda. Undoubtedly, Public Relations differ from propaganda. Propaganda is an unwholesome message use in persuading people towards a particular cause. It is the dissemination of bias or mixed information with the aim of manipulating the views of the public. It is unlike Public Relations which is much misunderstood and under-valued management tool.

    Erroneously, to many people, PR is another form of advertising while others dismiss it as dealing with journalists (important though) and sending out press releases. The basic philosophy of PR involves timely management of information based on sound and effective skills in communication using media as basic outlets. Thus creating that enabling environment crucial for the day- to- day survival all organizations.

    I established the aforementioned in letting us come to understanding that Public Relations is not new. What is, therefore, new is the modern method of accomplishing it.

    For holistic comprehension, maybe we should look at the Nigerian experience as we celebrate 60 years of practice. During the First and Second World Wars, not much could be said about the development of Public Relations in Nigeria. But from available records, Nigeria, which was part of Her Royal Majesty’s Empire was known to have participated in the Empire Exhibition in 1924. This event led to the establishment of the first information office in Lagos with the primary aim of disseminating war information.

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    In 1944, as a result of the increased activities of the office, its name was changed to Public Relations Office in order to disabuse the erroneous impressions and opinions of the members of the public who regarded it as a war information office and centre for espionage. The new office (PR office) was headed by D.C. Fletcher with the main aim of exacting a favourable image to the outside world.

    By 1947, following the adoption of Richard Constitution, the PR office was changed to Public Relations Department, and in that same year, a regional office was opened in Ibadan, followed by another in Kano and Enugu in 1948 respectively. From then onward PR activities increased, as members of the press and the public at large could make inquiries about government activities.

    In 1954, the original aim of the PR department was changed to monitoring and interpreting social-political events as well as economic matters affecting Nigerians and foreigners alike. One of the indigenous employees at that time was Ben Enwonwu. Later E. Esua, (MBE) and Rev. Bishop Kale were later to join the Public Relations Department.

    There was improved information management and various advisory committees were constituted among others. The activities of these people led to the emergence of the press club by Lagos journalists. Nigerian Institute of Public Relations emerged from this club as Dr. Sam Epelle who was the father of the Nigerian Public Relations, was a member of this club.

    Today, there are a number of Public Relations consultancy firms holding forte and making things happen. As we celebrate Diamond Jubilee, the onus is on the government of the day to engaging core PR practitioners. Allow average Nigerians to understand that indeed there is a ‘Renewed Hope’. Just as we have tax reforms committee and other committees, let there be Public Relations committee headed by a core and seasoned PR practitioners.

    The world is on fire and the public relations landscape is more digital, more dynamic, and more maddening than ever.

    •Pastor Yusuf, PR consultant, can be reached via abovemedia@yahoo.com.

  • Are youths the panacea for Nigeria’s problems?

    Are youths the panacea for Nigeria’s problems?

    • By Temitope Tbog Omoakhalen

    In 2021, after the COVID-19 pandemic, my husband and I engaged in a pet project that required us conducting candid interviews with people on the streets to gain insight into their perceptions of Nigeria, their expectations of government and their sense of ownership of the Nigerian dream. It was an interesting season of my life that afforded me the opportunity to just hear first-hand what every day Lagosians were thinking. There was an encounter with a young lady, however, that left an indelible mark on my consciousness. She said to me, “At the tender age of six, I was called ‘the leader of tomorrow’. I just turned 40; yet, the promise of tomorrow still eludes me. When will my tomorrow come?”

    Her words touched me deeply because it echoed a sentiment shared by many who have long been called, THE LEADERS OF TOMORROW. “When will our collective tomorrow materialize, and what form will it assume?” many youths ask.

    As the years have passed and the vista of tomorrow appears distant, one cannot help but question the accuracy of the ‘waiting period’. Will the youth ever have their turn at power, or will it have to be forcefully grabbed? Are youths even ready to handle the reins of power or are we just too inexperienced to know what to do with it?

    Would Nigeria progress as a nation if it had an infusion of youthful energy to invigorate governance structures or would our much-touted inexperience cause us to falter under pressure, make costly mistakes, or succumb to the allure of power without proper accountability? If they had the opportunity, would the current crop of youths be any different from the older generation of leaders they fiercely condemn or would they become the breath of fresh air Nigeria needs? While these are burning questions on the minds of many, I am compelled to take Lagos, once again, as my model.

     Lagos State boasts of the most vibrant and dynamic population of young people in the country. Many of Nigeria’s young leaders and change-makers have their roots in Lagos, the likes of Iyinoluwa Aboyeji, Olugbenga Agboola, Folarin Falana (Falz), Debo Adedayo (Mr. Macaroni), Tunde Onakoya, Hilda Baci, Debola William, Chude Jideonwo, Yemi Adamolekun among others who are all thriving in their various spheres of influence, from technology to arts and entertainment to media to civil society, placing Nigeria in global conversations. This suggests that the youth have the potential to make a difference if given the opportunity in the political arena. Thankfully, the current Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is a young Nigerian whose inspiring story is traceable to the Centre of Excellence. Moreover, did you know that in Governor Babajide Sanwo-Olu’s cabinet, there are young people in their 30s holding key positions? Some of his Senior Special Assistants were in their 20s when he took office and they have since grown to head agencies within the state, contributing their quota to the decision-making process.

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    For these ones, their tomorrow has come; they have become the leaders of today.

    Lagos has historically provided an enabling environment for young people to thrive across various sectors even as the political environment has been characterized by intergenerational integration and continuity of vision. This is a commendable model that other states must consider adopting. While there are indicators of increased youth participation in several states across the nation, to accurately measure inclusion, a Youth Participation Index that evaluates the gains of the Not-Too-Young-To-Run Act and the involvement of youth in appointive positions would be a valuable additional contribution from civil society groups. While I believe that Lagos State would top such an index, I recognize that there is still much room for progress in the inclusion of young people in public leadership across the nation.

     Among public officials, there are two schools of thought on youth involvement in public leadership. On the one hand, there is the belief that incorporating youth in politics and governance would trigger a positive disruption through the introduction of innovative ideas, digital savviness, and a deeper connection with contemporary issues facing the populace. This school of thought holds that the idealism of youth as well as our passion for change offers a promising antidote to stagnant bureaucracies and the entrenched systems that currently impede transformative outputs.

    This school of thought further holds the opinion that since many among the present-day older generation of leaders began their leadership journeys as youths, it would be only just for them to yield the floor to the present-day younger generation.

    On the other hand, there are those who hold sacred the age-old wisdom of experience. The holders of this opinion argue that governance is a complex matter requiring the nuanced understanding and institutional knowledge that can only be found among seasoned politicians and administrators. They believe that youthful idealism could become a pitfall without practical wisdom gained through years of service and leadership.

     My thoughts regarding these two positions are very simple. Leadership is a skill that must be forged in the crucible. I do not think that the youths, in themselves, are the panacea to Nigeria’s problems. I do not think power should be given to anyone simply because they are of a particular age bracket. I think the making of the Nigeria of our dreams is the collective responsibility of the old and the young because we need the wisdom of the old and the energy of the youth to make this nation work. But this is also not an endorsement of the status quo. If we had to choose between the ebullience and innovation of the youth on the one hand and the conventionality and steadfastness of the old on the other, I would likely go for the former. But what Nigeria needs, beyond creativity and passion, is patriotism and people of character; people who love their nation and can defend her come what may. These kinds of people are first forged in the home before they are released to the nation. If parents do not rise to take charge of the value and moral components of their children’s growth and development, a pipeline of value-driven youthful leaders would be a pipe dream.

     As a youth, I may be castigated for even considering that the older generation should still have a say at the table, but life has shown me that there are unpatriotic and corrupt youths as much as there are nationalistic and reliable older leaders. As a Fellow of The Lateef Jakande Leadership Academy, I have seen and worked with political leaders and bureaucrats who possess professionalism and integrity – value systems that I hardly thought that I would encounter in the public sector and that I never believed even existed among politicians. Among the old as well as the young, I have seen the propensity for the good as well as the inclination to the not-so-desirable. This has compelled a rethink of the notion of age as the sole determinant of leadership emergence in our nation. While it is my utmost delight to see more young people emerge as leaders in Nigeria, I am concerned that if the production process is not thoroughly curated to produce a generation of leaders who are passionate and patriotic and possess the character and competence required for governance, we would replicate the corruption that currently eats at the soul of our nation, except that this time, it would be with an exuberance that could bring our nation to its knees.

    •Omoakhalen is Fellow, Lateef Jakande Leadership Academy.

  • How Nigeria can achieve resilient economic growth, by IMF

    How Nigeria can achieve resilient economic growth, by IMF

    The International Monetary Fund (IMF) has provided guidance for Nigeria’s managers on ways to trigger lasting economic growth.

    In Article IV Report released at the weekend, the Fund recommended determined and well-sequenced implementation of the authorities’ policy intentions like exchange rate reforms and petrol subsidy removal would pave the way for faster, more inclusive, resilient growth.

    It said a package of policies that restores macroeconomic stability through a tightening of policies to rein in inflation and reduce naira pressures, combined with structural reforms to ease trade barriers, strengthen the business environment, and support climate resilience will boost confidence, increase investment, and incentivise job creation.

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     “Addressing the security challenges in the agriculture and oil sectors is critical. Efforts to strengthen foreign exchange (forex) inflows from hydrocarbon exports, including by further enhancing transparency, would improve the fiscal and external balances,” the Fund said.

    According to  IMF, fiscal policy needs to support vulnerable households, create space to boost social and development spending, and maintain debt sustainability.

    “Fiscal policy is held back by one of the lowest revenue takes in the world of 9.4 per cent of Gross Domestic Product (GDP) in 2023. As the government finalises and presents its reform agenda, sequencing will be key to ensure safety nets are in place or strengthened before proceeding with other measures that could adversely impact poor and vulnerable households,” the Fund said.

    It said  the Nigeria’s Medium Term Economic Framework (MTEF) outlines reforms to improve domestic revenue mobilisation and diversify the economy.

    “A Presidential Committee on Fiscal Policy and Tax Reforms is developing a comprehensive revenue mobilisation strategy which aims to simplify the tax structure and revamp key tax legislation for which the Fund stands ready to provide Capacity Development or desk reviews. Staff notes that achieving fast and large revenue gains as envisaged by the authorities will require determination and political capital. Staff welcomes the authorities’ cautious approach of making additional spending conditional on having achieved revenue gains. Budget credibility can be enhanced through improvements in fiscal reporting and monitoring, and reporting of fiscal risks from Public-Private Partnerships can be enhanced, as identified by Fund Capacity Development support,” the stated.

    Continuing, the Fund said revenue measures in the year would focus on revenue administration and base broadening. It stated that the authorities aim to ease payment of tax remittances from Ministries, Departments, and Agencies (MDAs), leverage technology and third-party reporting to broaden the tax net and enhancing excise collections by transferring administrative responsibilities to the Federal Inland Revenue Service.

  • ‘We’ll make Nigeria tourism destination’

    ‘We’ll make Nigeria tourism destination’

    President/Chief Executive Officer of Pinnacle City, Nigeria, Dr. Elvis Abang, has said he will work with others to make Nigeria a world tourism destination.

    He spoke at the pre-launch news conference, which he noted is the first phase of the introduction and development of Pinnacle City, Abuja.

    Abang said the mega city project, a legacy to the government, would make the country a foremost tourist destination.

    He noted they were keying into President Bola Tinubu’s vision to open up Nigeria for foreign investment.

    “With the coming of Pinnacle Falls Resort, we are developing a seven-star city with the largest man made lagoon in the world, olympic stadium, presidential retreat camps among world class facilities.

    “We want to make Nigeria a tourism destination for the world. Tourism is a revenue spinner. Many nations through tourism have earned billions. We would be working with the government. We are building components to bring in tourists,” he said.

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    He said the project would attract 40 million tourists annually and millions of jobs, noting they would source funds, but government would provide an enabling environment.

    “This concept is to open the space where Nigeria would become preferred destination. Instead of losing dollars, we want to earn dollars. Instead of japa, we want people to come and be proud of our motherland. We want to change the narrative and work with the government to change the narrative and make Nigeria a preferred tourist destination.

    “The pre-launch is to establish plans in locating the world’s largest sports leisure and entertainment city on the continent with man-made  lagoon, Natural Wildlife Reserve, Africa Heritage Film Village, and others…” he said.

    Ministers of Tourism, Lola Ade-John, and Sports Development, John Enoh, were represented by Alice Onoriode and Thecla Okparachi. They hailed the project and showed their support for it.

  • Korea will expand economic relations with Nigeria – Envoy

    Korea will expand economic relations with Nigeria – Envoy

    The South Korean Ambassador to Nigeria, Kim Pankyu has said the country would expand economic exchanges between Nigeria.

    The envoy made the pledge during a meeting with reporters in Abuja ahead of the Korea-Africa Summit next month in Seoul.

    Pankyu said the first Korea-Africa Summit would be a momentous occasion for the relations between Korea and Africa, and also Korea and Nigeria.

    According to him, promoting economic partnership had always been the focus since the establishment of the diplomatic relations between both countries 44 years ago.

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    He said: I would like to do my best to further expand economic exchanges between Korea and Nigeria. Promoting economic partnership has always been the focus since the establishment of the diplomatic relations between our two countries 44 years ago. Nigeria is already Korea’s top five trade partners in Africa.

    “I believe we can do more. Since the current Nigerian government is actively carrying out economic reform to improve the business environment in Nigeria, I will introduce this change to Korean companies and encourage them to venture into Nigeria and make investments.

    “The inaugural Korea-Africa Summit is expected to be the largest international gathering under the current administration. This reflects President Yoon Suk-yeol’s commitment to fostering a mutually beneficial, sustainable, and strategic long-term partnership with Africa, aligning with Korea’s vision of becoming a Global Pivotal State. This marks a significant step in Korea’s comprehensive strategy to engage more deeply with the Global South, reflecting our commitment to global inclusiveness and cooperation.

    “Korea will host many side events on this occasion including the Korea-Africa Business Summit and multiple forums on ICT, health, tourism and energy. These events will help us come up with practical and concrete measures to expand cooperation. During the Summit, there will be plenty of opportunities for Nigeria and Korea to explore ways to expand their bilateral economic and cultural exchanges both between governments and private sectors. In a nutshell, I believe the upcoming Korea-Africa Summit will set a new milestone in the relationship between Korea and Africa.”

    Pankyu also promised to deepen security cooperation between both countries. “Secondly, I will explore ways to deepen security cooperation drawing on my expertise in military and security affairs. In particular, I would like to focus on promoting cooperation on maritime security because securing maritime security in the Gulf of Guinea is essential not only for coastal countries including Nigeria but also for countries passing through this region including Korea.

    “In addition, I intend to expand Korea’s support for capacity building of the Nigerian military and security officers,” the envoy said.

    The Envoy also promised to deepen cultural exchanges between both countries. He said: “I will try to facilitate people-to-people exchange between the two countries. I believe culture has the power to connect people and improve understanding of each other.”

  • Nigeria: Economic crisis or crisis of underdevelopment? (1)

    Nigeria: Economic crisis or crisis of underdevelopment? (1)

    The duo of Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy and Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) along with other key stakeholders in the management of the economy in the administration of President Bola Tinubu have been doing a yeoman’s job trying to rescue what is essentially a trapped economy and seeking to retrieve it from the brink of insolvency and bankruptcy to the path of accelerated growth, recovery and sustainable development. Happily, only a few voices in the administration have resorted to the easy blame game of heaping the challenges confronting the economy on the polices and excesses of the preceding President Muhammadu Buhari administration. The key economic actors in the Tinubu administration have rolled up their sleeves and are toiling day and night to confront inherited dysfunctions largely through painful economic reforms – removal of fuel subsidy and merger of parallel exchange rate markets – that have regrettably but unavoidably brought pain to the majority of the populace.

    The most serious problem the administration has had to confront just like its predecessor is the challenge of safeguarding the lives and property of Nigerians from the ravages particularly of kidnapping, banditry and terrorism in volatile states of the North. This in turn has had negative repercussions on the economy especially with thousands of farmers abandoning their farms and communities in fertile, arable belts of the country due to insecurity.

    The administration does not have the luxury of confronting and seeking to transcend these twin challenges sequentially but is having to do so simultaneously with a not insignificant number of citizens hoping it makes no headway in finding solutions all because of their grievances over the outcome of the last elections. The concern of this column this week is with the economy since it is logical to conclude that with increased economic growth, stability, enhanced generation of jobs, improvement in power supply and growing prosperity, for instance, there is also likely to be a marked decline in the rate of criminal activity across the country. And with the tentative steps being made towards the decentralization of power supply through laws empowering states and private entities to generate, distribute and transmit electricity within their jurisdictions as well as the new national consensus on decentralizing policing functions, the structural imperatives for multisectoral development are being addressed.

    As the administration continues with the arduous task of systematically strengthening the value of the Naira, detecting and plugging sources of resource hemorrhage, aggressively combatting industrial scale  oil theft and motivating states and local government councils to offer meaningful palliative succor to the vast majority of Nigerians particularly as a result of enhanced Naira revenues accruing to the three tiers of government following the removal of fuel subsidy, it becomes critical once again for the administration’s brain trust to seriously consider if the transient economic crisis is synonymous with the more fundamental and trenchant crisis of underdevelopment. I do not think so. The economic crisis will most likely respond relatively positively to the neoliberal economist’s policy toolkit such as anti-inflationary measures, interest rate manipulations or greater dexterity in the management of foreign exchange rates with hardly a dent made on the more deeply rooted problem of underdevelopment.

    The abnormal pattern we have seen since the inception of this civilian dispensation in 1999, to cite an example, of impressive growth during periods of heavy accruals to the nation’s coffers in terms of abundant oil revenues without any concomitant concrete improvements in terms of measurable and specific development indices aptly captures the point I am trying to make here. In my recent piece in this space titled ‘Is Nigeria Developing’? I had referred to the political economist, Professor Okwudiba Nnoli’s irrefutable contention that the mere acquisition of the artifacts of modernization such as modern road networks, airports, fast track trains, sports stadia, large scale industries all predicated on foreign investment, partnerships or expertise without any accompanying transfer of knowledge and skills to local or domestic productive forces can hardly be described as development. In his classic, ‘How Europe Underdeveloped Africa’, the great Walter Rodney defines development as one, mastery by man of the laws of nature (science) and two, the application of such knowledge to create the necessary tools and mechanisms to master, subdue and manipulate the environment (technology).

    This implies even if Rodney does not explicitly say so, that all meaningful development must, first and foremost be local. The most fascinating and expansive projects and facilities built for us by Chinese, American, European, Japanese or other external financial or technological expertise cannot rightly be described as development – at least for us. This is why, in many cases, long after such projects have been completed and handed over, further maintenance contracts are signed for their supervision and management still by the same external forces. Thus, Nigeria lacks the capacity, for instance, to get the massive Ajaokuta steel complex to work or even carry out what has become the unending Turn Around Maintenance of our comatose petroleum refineries.

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    With a Bachelor of Commerce (Hons) degree obtained as an external student from the University of London before he went on to study law at the same institution in 1944, Chief Obafemi Awolowo tutored himself to become a brilliant Keynesian economist and first- class manager of financial resources. His unrivaled distinction in this regard was demonstrated when as Minister of Finance and Vice-Chairman of the Federal Executive Council in the Gowon administration, he helped in managing the nation’s finances so dexterously that the federal government prosecuted the war with no external borrowings. In a lecture in Ibadan on 16th May, 1967, on the financing of the Nigerian civil war and its implication for the future economy of the nation, Awo did not resort to esoteric economic jargon. Rather, he identified strict and unflinching fiscal discipline as the most critical factor in handling a country’s economy in times of grave national crisis.

    Noting the three principles that guided the military regime’s financial management during the duration of the war, Awolowo identified these as (1) to economize our financial resources; (2) to raise additional revenue; and (3) to save our foreign exchange reserves from being run down to a dangerous level, thereby avoiding balance of payments difficulties and preserving the strength of the Nigerian pound. Continuing, he cautioned that “In any situation similar to the one in which we found ourselves, where recurrent revenue trails behind fleet-footed expenditure, the obvious first line of attack is to economize and maximize available resources. Unless this was done, and done with Draconic firmness, it would be futile to raise additional revenue; and any claim to prudent financial management would be sheer reference”. Firm and unwavering national discipline anchored on a strong national ideology to mobilize the citizenry to cooperate towards the attainment of set national objectives was thus for Awo a minimum desideratum for economic recovery and national development.

    He believed seriously that at the time he spoke in the early 1970s, it was within the power of Nigeria within two decades, to raise the agricultural, industrial and commercial competence of the country to make her not only able to feed her teeming populace but to contribute effectively to finding solutions to the problems of international hunger and liquidity. But to achieve this, Awo returned once again to the theme of discipline stressing that “But in order to succeed in attaining these ends, we need a strong national motivation generated by enlightened patriotism and sustained by an intense, absorbing and unflagging desire to advance our own economic interests, backed by clear-headed forward planning, hard work, and the constant application of acute and disciplined minds dedicated to the accomplishment of our declared objectives”.

    There is certainly much of importance for President Tinubu and his economic policy advisers to chew on in these words of wisdom. How much are our political office holders at all levels willing to curtail their appetites and cut down drastically on avoidable wastages as necessary sacrifices to return the country back to the path of economic sanity and growth? Only if the leaders set the requisite examples will the majority of the citizenry be persuaded to adopt discipline, restraint, self-control and self-reliance as habitual philosophies of life. Let us never forget the example of Pandhit Nehru who was said to have declared at his country’s independence in 1947 that “What India does not produce, she will not consume” and that “if India cannot clothe herself, let her go naked”. It is no surprise that India is today a global economic power.