Tag: President

  • Reforms will buoy economy, President reassures

    Reforms will buoy economy, President reassures

    President Bola Tinubu has again assured Nigerians that the ongoing reforms by his administration will

    will liberate and reposition the nation’s economy.

    He said the results would be of immense benefit to the majority of the population in terms of opportunities, infrastructure, healthcare and education.

    “Nigeria is headed for a promise. Our diversity will turn into prosperity, not adversity. We will build a country that our children will be proud of,” the President when he received a   Nigeria Supreme Council for Islamic Affairs(NSCIA) led by the Sultan of Sokoto,   Muhammad Sa’ad Abubakar 111.

    The President told the delegation that the Federal Government had requested states to provide land for the proper sustenance of animals.

    He said the land would help the government to develop pan-national animal husbandry and agro-allied production and processing facilities for mass export, job creation and revenue generation.

    “If Nigeria is still looking for vaccines for basic health issues; if infant and maternal mortality is rampant, then we should examine ourselves. I will commit to consulting with other leaders, like the NSCIA, and we will meet the needs of our people,” the President added.

    Read Also: Govt’s hammer to fall on illegal miners, says minister

    Vice-President Kashim Shettima said that Tinubu budgeted N50 billion to support the ongoing rebuilding of lives and property in the North-West and North-East.

    The Sultan of Sokoto pledged “one hundred per cent loyalty” to the President.

    He  assured the President that the NSCIA will be available to advise and support him     to realise his dream for the country., 

    The monarch suggested that the distribution of palliatives should be monitored and augmented, where it fails to reach some people in dire need.

    Secretary-General of the NSCIA, Prof. Is-haq Oloyede, said the body lent its own idea to the President on how it thinks the various challenges facing the country could be managed.

  • Ousted president pleads for help

    Ousted president pleads for help

    Gabon President Ali Bongo yesterday appealed for help after the army unseated him in a coup and put him under house arrest.

    Speaking from what he said was his residence, Bongo told his supporters: “raise your voice”.

    Bongo’s removal from power ends his family’s 55-year hold on power in Gabon.

    In a video message, Bongo confirmed he was under house arrest.

     ”My son is somewhere; my wife is in another place… Nothing is happening. I don’t know what is going on,” he said in English, before again asking for help.

    Read Also: Blue Line Rail commercial operations begin Monday — LAMATA

    A communications company that was working for the presidency during the election has been in contact with the BBC to confirm the authenticity of the footage. It said it had been asked by Bongo’s office to circulate the video.

    Earlier in the day, army officers appeared on a state television station to say they had taken power.

    They said they were annulling the results of Saturday’s election in which Bongo was declared the winner but the opposition said was fraudulent.

    The officers also said they had arrested one of Bongo’s sons for treason.

    The coup in Gabon is the second in Africa in recent time, following the coup by presidential guard in Republic of Niger on July 26 by a junta.

    Speaking to the French newspaper Le Monde, Gen. Brice Oligui Nguema, leader of Gabon’s elite Republican Guard – the unit in charge of the president’s security – has been named as the country’s transition leader, said the president would “enjoy all his rights” after the military announced it has placed him under house arrest.

    “He is a Gabonese head of state. He is retired. He enjoys all his rights. He is a normal Gabonese, like everyone else,” Gen. Nguema said.

     He did not confirm whether he will declare himself the new president of the West African country.

    “I do not declare myself yet. I do not envisage anything for the moment,” he said.

    “This is a debate that we are going to have with all the generals. We will meet at 2pm (13:00 GMT). It will be about reaching a consensus. Everyone will put forward ideas, and the best ones will be chosen as well as the name of the person who will lead the transition,” he added.

  • All alone, Mr. President

    All alone, Mr. President

    It’s all so reminiscent of the poet, Gabriel Okara’s ‘The Fisherman’s Invocation’.

    “The celebration is now ended,” he wrote, “but the echoes are all around/whirling like a harmattan whirl-wind throwing dust around/and hands cover faces and feet grope …”

    The government of President Bola Tinubu, with a near-full compliment of ministers, is all but made up.  Of 48 ministers, 45 are already in; three, expected.

    The sheer number — the highest since 1999 — has evoked the cliché of “bloated” (which it could well have been); against its supremely preferred opposite: “lean-and-mean”, among the many armchair critics, making eternal clatter in the media.

    Read Also: JUST IN: Tinubu to ministers: Roll out policies that will revive Nigeria’s economy

    Still, beyond the easy groupthink of thundered doom, simply because of the lean economic times, “bloated” is no vice any more than “lean-and-mean” is a virtue.  It all depends on how a government deploys its talents, to achieve its goals.

    A government can adopt the accountant’s ethos: severely counting the beans; brutally  cutting costs; or be the audacious marketer: splashing the cash, in the supreme gusto  of landing the big trove, so long as it suffers no financial recklessness.

    Still, each would pay (or earn plaudits) for its adopted philosophy — and so, would the Tinubu Presidency.  That about sums up the sanctity of starting right.

    So, after all the zip-and-zoom, and the go-go talk by new ministers, dazzling with a can-do spirit of a new order, even the reception shrieks are becoming a distant echo.

    Now, the president and his (wo)men are all but alone, faced with the clinical cold of it all; by the starkness — if not outright heaviness — of their daunting historic tasks.  

    Alone.  All alone.  At the top — and just as well!

    Still, earliest nay-voices boom.  Some lobbies appear somewhat determined, fair or foul, to run out of town Hannatu Musawa, the new minister of Art, Culture and Creative Economy, even before her ministerial tour begins.  

    They claim she’s a serving National Youth Service Corps (NYSC) member; and growl no “corper shun!” can legally and legitimately be minister of the Federal Republic!

    Others already wax lyrical over the alleged duplication of roles and non-specificity of assigned ministerial mandates: making a huff over “innovation” domiciled in both the Communications & Digital Economy; and Science & Technology ministries.

    Without splitting hairs, “innovation” is neither here nor there.  Indeed, it could be the hallmark of any ministry, depending on its creative zip.  

    Still, for all it is worth, the administration should take early notes of these faint echoes before they assume rumbling thunders, particularly with an eternally distracted media, ever chasing explosive shadows over quiet substance.

    Still, for once, what the media must do, if it must be part of the solution in these troubled times, is clamber off its noise-making zone; and play in the more exerting pedestal of clinical x-ray of policies, generating vigorous debates and helping to birth possible solutions to long-running national challenges — from its long-cherished bangs of sterile howling and barren finger-pointing. 

    But that might be asking for too much; and the administration should take note. 

    Again — and this bears re-stating: it will soar or sink by the sheer rigour of own reason; the grit to push through its agenda; or even the cunning of its wiles: to game its eternal fiends posturing as pro-people crusaders, in a mutual showdown in brutal realpolitik!

    It’s not always pretty.  But the one that blinks last scales the brink — and laughs last!

    Still, if folks would just levitate over the easy and the noisy, they would perhaps see, instead of 48 “bloated” ministers and hangers-on, just ministerial clusters not more than 12!

    These clusters, though grafted from differing ministries, form the building blocs to pivot exciting new opportunities; built upon very challenging fundaments, erected by the Muhammadu Buhari order from 2015, after the wanton crash of the PDP years.

    Now, is the President, though commander-in-chief, policy musical-in-chief enough to weld and whip these concentric clusters into winsome harmonics that not only capture his vision but also brings it to life with rare élan, class and dash? 

    Again, the start isn’t always pretty — just as the mess in making sausages — but the end graft might well be worth the trouble.

    Take Wale Edun and his Finance and Economy Coordination ministry.  Junking subsidy without local refining and floating the Naira may well sate instant elite (read market) greed.  But it’s a double-whammy that further roasts mass pockets.

    But all these market reforms, complete with tax administration and revenue-collection tinkering, are to fix the state’s financial infrastructure.  Capture more cash and shovel them towards financing core goals.  So, you’ll begin to talk less debts but more revenue.  But it’s no open sesame.  It’s exerting fresh thinking and back-breaking work.

    Then, the cluster of two that virtually runs through everything: Justice, which produces a legal cover for everything — isn’t democracy the celebration of the rule of law?  And Power: which energizes everything — didn’t God say let there be light: and day and night — and life as we know it — were birthed?

    While Justice goes ahead to fortify Defence, Police, the courts and internal security (which by the way, by the administration’s pretexts encapsulates food security), Power provides the spark for everything: from agricultural processing, to manufacturing and all types of businesses.  If this twin-cluster thrives, the prospects would be very bright.

    Then, the other “coordination”: Health and Social Welfare.  Add Education to that cluster and you’re thinking, pin-point, of human infrastructure: health, education and general social wellness.  That’s the bastion of real development: human development.

    No less exciting: the core physical infrastructure ministries: Transport (auto and rail), Aviation (air, safety regulations and infrastructure) and Marine and Blue Economy (Shipping and Maritime).

    This core, calibrated into three, holds the ace for economic rejuvenation and eventual redemption.  The tri-ministers here are condemned to succeeding — or it would be bad news for the polity and the president, were they to falter.  Add enhanced agricultural output and processing, and you can build on the agriculture-infrastructure hub of the Buhari years.

    But on that plain, it’s dawn yet.  For all its borrowing, the Buhari order only raised infrastructure-to-GDP ratio from 1:5 to 2:5.  In 2015, the economy was near-dead!  So, these ministers must push that ratio to at least 3.5 to 5.  That would be brutal work!

    Still, it’s rather exciting that a David Umahi is taking over from a Babatunde Fashola, as Works and Housing minister.

    Fashola, the golden boy of Lagos governance, and Rotimi Amaechi were Buhari’s most sparkling infrastructure ministers.  Umahi worked wonders in Ebonyi, and is raring to go as Works czar. Other things being equal, that corridor looks rather promising.

    Draw Communication and Digital Economy and Science & Technology as a symbiotic cluster, and you could be looking at a putative bastion for youth-powered jobs, particularly in the digital and technical fronts.

    Can President Tinubu weave these clusters into a winning symphony of turn-around governance?  Time will tell!

    Still, let there be less clatter!  Let the lonely souls at the top think!  Fond hope!

    •Reader apology: A bad malaria kept Ripples off this page last week — fulsome apologies! 

  • Book-hunting with Mr. Vice President

    Book-hunting with Mr. Vice President

    •  By Gimba Kakanda

    There’s another section over there, Your Excellency,” I said, pointing towards the Western philosophy enclave within the bookstore. He wasn’t in a hurry and had paused, flipping through the pages of assorted books spanning a symphony of genres. I assumed he probably didn’t know about the other parts of the bookstore. Sometimes he would sit in between reads and then rise to proceed to other sections. Senator Kashim Shettima appeared to have an interest in almost all kinds, except for, by his admission, motivational books, which of course are mostly superficial philosophical projections.

    “You should read this book,” he said as I tagged along behind him, and he transferred the tome into my possession. It’s Mariana Mazzucato’s enlightening opus, “The Value of Everything.” “She offers a caricature of capitalism and a penetrating take on the subject.” With gratitude, I accepted the book and maintained stride behind him, observing his methodical traversal through the pages, volumes, and corridors of the Sandton, Johannesburg bookstore.

    We are currently in South Africa for the 2023 BRICS summit, where the vice president is representing President Bola Ahmed Tinubu in a crucial global economic alliance. Earlier in the day, he participated in a trade fair held prior to the main event and expressed his principal’s strong commitment to innovation, investment and empowering Micro Small and Medium Scale Enterprises, MSMEs, to stimulate Nigeria’s economy. He toured the exhibition stands, appreciating the participation of 180 exhibitors from various sectors at the trade fair.

    What was poised to be an evening of rest in his hotel ahead of the forthcoming day’s commitments took an unexpected turn. It became an odyssey into literature and knowledge. I had the honour of accompanying him, witnessing his unquenchable thirst for books, profound intellectual curiosity, and insightful perspectives on writers and subjects. These topics spanned domains ranging from economics and philosophy to the intricate realm of politics. He even maintained a personal philosophy regarding acquiring books in the cities he journeyed through.

    “You know the most accurate portrayal of a people or culture is found in the books you buy in their communities. Such books are the most credible reflections of their realities and experiences,” and then this turned into a caveat about the misrepresentations of ideas, people, or culture by foreign or detached curators and authors. It was a convincing argument, sparked by the time spent exploring the South African history sub-section of the African history enclave. He spent a significant amount of time analyzing the host country’s foremost thinkers, human rights activists, and politicians whom he knows so well.

    Read Also: We betrayed Plateau State

    At intervals, Senator Shettima would pause to pose for photographs with passersby and shoppers who spotted him and mustered the courage to approach him. Sporting a warm smile, he welcomed their requests and even engaged in light conversations. Some observers opted to capture his image from a distance. Then, two curious South African women arrived on the scene. They observed, exchanged smiles, and discussed something regarding the statesman, uncertain about how to approach him.

    One of the vice president’s aides made it easy for them when he playfully teased them about what caught their attention. One of them pointed to him shyly. He joined their conversation, and soon it wasn’t just about whether they were talking to the vice president of Africa’s most populous nation, but rather about the phonetics of their ethnicity, Xhosa. He commended how the South Africans had taken enough interest in African politics to figure out Nigeria’s vice president.

    But even as the collection of books grew, I had no doubt he was going to read them. I had personally observed Senator Shettima‘s remarkable ability to devour substantial volumes within a day and yet retain every intricate detail. One particularly memorable instance of this occurred in 2018, following the public presentation of former President Jonathan’s memoir, “My Transition Hours,” which distorted certain events of his tenure as governor of Borno State. Astonishingly, merely a day after the book’s release, he had not only completed reading it but had also penned a comprehensive critique outlining the inaccuracies it contained. Such a feat would have been implausible even for me, someone whose life had been steeped in literature and who possessed more leisure time than a sitting governor.

    The range of books acquired during his book hunts illuminated the reason he appeared to possess a quote for every conceivable occasion, effortlessly at his disposal. His peculiar memory enabled this skill. His reputation for having an exceptionally retentive memory stemmed from his practice of not allowing it to remain idle. He earned a reputation for his capacity to recall details and retain information due to his insatiable reading habit.

    While tagging along, I studied his interactions with star-struck foreigners and Nigerians who approached him, just as much as I revelled in his enthusiasm for books. What further amused me was his sharp sense of humour. Despite being portrayed as stern and unsmiling by certain media outlets and the political opposition, he was one of the funniest people one can ever come across. He was easy to engage with, whether delving into intellectual discussions or addressing trivial matters. To me, the bookworm remains the most well-read politician I know.

    •Kakanda is the Lead Consultant on Public Policy and Politics at The Cambridge Collective, and writes from Johannesburg, South Africa.

  • President; ex-ministers? Political pensions

    The terrifying deaths of nine Boy’s Brigade youths in Gombe is a devilish premeditated road rage and murder by a Nigeria Security and Civil Defence Corps (NSCDC) member-recently armed by government, murdered in turn by an outraged mob. We demand that Nigeria’s uniformed personnel must, like in other countries have regular psychological lectures and assessments annually by employing 1,000s of Nigerian psychologists in the armed forces, police, customs and immigration, FRSC, LASTMA, and banks. The uniform makes them mad, power drunk, uncontrollable, murderers!

    President’s legacy:  Our president is entitled to leave even if he is the most senior employee of the ‘Nigerian government and people’. Let the president go and rest, be repaired or rejuvenated. No one is indispensable or irreplaceable but we are all exhaustible. Come back with good governance ideas and change almost all or all ministers. Nigerians want ‘change’. Four years is enough. Look at Ngige spouting that our poor doctor – patient ratio is okay! There are enough good Nigerians to provide new ministers. Even exceptional ministers can be ex-ministers as new breed exceptional ones will be found. The president should evaluate the tri-Ministry of Power, Works and Housing set up for quick policy-practice transition times and reduction in inter-ministerial friction. Did the Oronsaye model work? Should we go back to three cooperating, not competing, ministries? And now Nigeria through AMCON may owe one single contractor, a benefactor of government, N132b, $500,000+ following a Supreme Court judgement which, unlike Lord Denning’s, failed to order compensation for victims of all contract failures, the downtrodden citizen. Tax breaks for example, for the years of disappointment, development failure no matter who is responsible -Ministry or Man!!

    This is presidential legacy time. Enough of political pandering and plodding along!! It would have been nice to have medical check-up in a Nigerian hospital but remember the corruption even in the Aso Rock House Clinic??

    The pinnacle of Nigeria’s political greed is the blatant indifference to poverty. The politicians pass by Nigeria’s numerous rubbish dumps then dare to allocate inflammatory pensions and greed-driven retirement perks? Are they mad? The politicians see adults and even Nigeria’s children, bent, barefoot, no gloves or goggles inhaling the dangerous chemical fumes and stink of Nigeria’s waste to pick sellable bits and food remains – almost a death sentence. Fellow Nigerians, no one was born to eat scraps and half eaten akara while politicians and others misallocate or even steal the billions given by God to feed, employ and empowerNigerians! No true Nigerian would drive past such widespread despair and debasement only to recklessly create self-serving pension schemes.  The Revenue Mobilisation and Fiscal Commission is empowered to fix these figures taking mass poverty and the pension pattern in politics worldwide into account. To misquote English language aficionados; are they not bombastic egocentric kleptomaniacs who should be incarcerated in the darkest recesses of our penal gulags for abuse of public trust and assault on the treasury?

    Is this not a betrayal of trust when pensions and salaries are owed millions? Do they not see Nigerians living abroad and dying in abysmal climate conditions as illegal migrants due to neglect of governance at home? Is this any different from the teacher raping the student he is supposed to protect? Or the ‘uniform’ killing the Boys Brigade children or Dele Giwa or the Apo 6 or 9? All these complicating intimidation from annoyance, drunkenness or ‘deliberately on purpose’ through ‘accidentally on purpose’ discharge.

    So now the pensions are official even if morally corrupt and illegally legal. Yet they put the girl ‘Success’ and 10million like her in rubbish schools to somehow get educated. Shame. Politics is the highest paid, 419, gig in Nigeria, so much spent with so little positive return, compounded by a pension for life and houses and cars for 4 years of some for sometimes disservice to Nigeria. Look at the budget delays and trivial, low intellect contributions to debates utterances and questionable performance, including dance steps and character flaws of many politicians.

    Is this a political pension scheme or a Ponzi scheme or a yahoo-yahoo scheme as the rules are being changed every day? Meanwhile in contrast what is the actual pay-out for Nigeria’s real heroes -our soldiers dying in the undeclared war against Boko Haram and the police dying as escorts to kidnap victims and at bank robberies and the fellow Nigerians murdered by herders, Boko Haram or uniforms every single day? Add to that Nigeria at 5-7,000Mw is still the darkest country in the continent of Africa having been failed by a greed-driven politics and systematic sabotage of our oil refineries now supposedly needing $900m. While we the voters sleep in darkness, the politician commands 24hours power from burning our money in our generators in their houses. Politics appears to be a self-serving anti-development curse, an expensive unproductive, ugly curse and a blight on Nigeria forbidding progress on the world stage and even at the ward and LGA level. The current politics is kleptomaniacbehaviour exemplified by the ‘Political Pension Scam’. Yes, there are pensions for politicians worldwide but no houses, cars, servants, medical expenses abroad. Nigeria has a long history of this care of seniors particularly in the North -Perm Secs, Generals and equivalent in other arms, judges. The legislators must know their own secret payment schedules continue to insult our intelligence. We see it as theft from Nigeria. Will 2019-2023 politicians be different and seriously anticorruption???

  • Ukraine votes comedian as president

    IT was an astounding victory. Volodymyr Zelensky, a Ukrainian Jew, lawyer, actor and comedian, won the country’s 2019 presidential election by a landslide. Incredibly, he took more than 73 percent of the votes in the runoff election. In a country historically pockmarked by anti-Semitism, especially during World War II, it is remarkable that his Jewish ancestry and comedian identity were no impediments for a country on the throes of war with Russia, their powerful and unsmiling neighbour and foe, to vote him as president. Quite literally, everyone was left really gobsmacked. Some 39 candidates had participated in the first round of the poll. Mr Zelensky took a little over 30 percent of the votes. In the runoff, however, he beat the incumbent, Petro Poroshenko, who took a measly 25 percent. The victory was definitive.

    Mr Zelensky, a popular comic, played president in a TV sitcom the “Servant of the People”, a television character who transformed from an ordinary teacher to a corruption-busting president. It is not clear whether his role play was so persuasive as to make him electable, but most analysts think that Mr Poroshenko lost the election, much more than the 41-year-old challenger won, because the 53-year-old president seemed powerless to do anything about the corruption that had bedevilled the system and made it inoperable and ineffective for years.

    Mr Zelensky is undoubtedly inexperienced. The mere fact that he was a comedian in a series that saw a nobody transformed into a corruption-fighting president makes it doubly amusing that voters would entrust their country, badly unnerved by Russian annexations, including the annexation of the well-known Eastern Ukrainian regions of Crimea, Donetsk, and Luhansk, to his hands. For a comedian with no political experience whatsoever, the issues he will have to contend with in the coming months will strain his acting skills and subject the myth his television carrier has woven around him to inordinate pressures. Many will scoff at his election, but as recent history has shown, it is really not unprecedented.

    In 2017, Emmanuel Macron, also 41-year-old, won election in a manner that upended political calculations in both France and Europe. He was thought to be inexperienced; but he has soldiered on admirably, despite the chequered yellow vests protest movement. In 2003, actor Arnold “The Terminator” Schwarzenegger spectacularly won the California recall governorship election despite widespread fears he might be unable to transcend the flimsiness and superficiality of Hollywood. He went on to serve two terms and performed creditably. In 1998, Jesse “The Body” Ventura, a wrestler (WWF) and actor, also won the Minnesota governorship election to become the 38th governor despite being an entertainer. He, however, declined to seek re-election in 2003. With the exception of Mr Macron, all the rest were entertainers. But they won elections handsomely and were no pushovers in politics and governance.

    At bottom, there is of course nothing unusual about entertainers winning presidential polls. Some of them are well educated, as Mr Zelensky, a lawyer, shows. To focus exclusively on their entertainment  backgrounds, and to treat entertainment disdainfully, is to completely miss the point and draw inaccurate conclusions. The leitmotif of these electoral victories by entertainers is the supreme self-belief which they exuded. They dreamt it, believed it, and fought to bring it about. More importantly, who could fail to notice how quaintly Mr Zelensky reconciled playing a character on television and going on to assume that role in real life?

    The human mind is incredibly strong and inventive. When the great religions urge individuals to watch their thoughts and words, it is because they have long recognised the sheer transcendental quality and power of words and thoughts. Words are spirits, and they are life. They are harbingers or forerunners of physical realities. Mr Zelensky acted the role of a teacher turned by both political and historical sleight of hand into a president. Who could tell how intensely the Ukrainian president-elect believed and dreamt that transmutation? In any case, acting became, for him, a medium for transposing reality. He merely keyed into that reality.

  • Union suspends president over anti-union activities

    •What they have done is illegal, says Apeh

    The Tricycles Owners Association of Nigeria (TOAN) has impeached its President, Comrade Augustine Agbo Apeh, over what it described as anti-union activities.

    In a communiqué, signed by the Secretary-General of the committee set up by the union, Sunny Ennag, the union said the decision was taken to rebuild a virile and trailblazing trade union that would be the pride of tricycle workers and owners in Nigeria.

    The union has, however, chosen Comrade Babatunde Ayenogun , the former Deputy President  as the substantive President.

    “Findings revealed that Augustine Apeh has been involved in a lot of anti-union activities, thereby truncating the union’s operations in so many states apart from Abia, Bayelsa, Edo and other states where his role, as contained in the catalogue of accusations, acted as a clog in the wheel of the union’s progress.

    “With the above proven fact and in consonance with the constitution of the union best practice, Augustine Apeh lacks the competence, mental capacity and the moral justification to continue leading the union. Therefore, the committee affirms his suspension,” the communiqué said.

    The council also approved the first national  delegates’ congress to hold within six months and the Central Working Committee (CWC) has been mandated to  work out modalities towards realising this.

    In addition, TOAN pledged its commitment to the onerous task of ensuring a proper organisation of tricycle operators in the country and ensuring partnering government and relevant agencies to uplift the economic and wellbeing of the hapless and vulnerable masses.

    Responding to his suspension, Comrade Augustine said what the union did was illegal, adding that the so call executives are not recognised.

    “What they are doing is illegal and I want to assure that they are not recognised. And the so-called executive, led by the so-called President has a questionable character. Not only that, he has a criminal case on ground. I am still the president of TOAN,” he said.

  • Nsukka professionals advise govt on post-oil economy

    The Nsukka Professionals Association (NPA) has held its its Third Annual Summit in Lagos.

    On the sideline of the event, its President, Mr Charles Nwodo Jr, spoke with select reporters.

    What was the objective of this summit?

    This summit was designed to draw attention of policy makers and political leaders to the inevitability of the disruption of the global oil market and expected progressive reduction in the revenue accretion to the federation account.

    Technological innovation, in the form of electric cars, electric aeroplanes, and growing effort for enforcement of emission control statutes across the world plus the expected exhaustion of oil reserves, all point to the great wisdom and urgency for oil producing countries to plan for alternative sources of revenue to supplement or replace oil revenues.

    Other oil-producing countries, such as Norway, Saudi Arabia, and Qatar have proactively launched bold national initiative.  Panelists made up of respected subject matter experts then proffered tested, concise and practical recommendations, which, if implemented, will effectively diversify and expand government revenue to position the nation and constituent units for a post oil economic boom.

    What is the next step after this  summit, and how will you ensure that your association’s recommendations get government’s attention?

    As you saw, among the participants at this summit were government officials, political leaders and candidates for office in the forthcoming elections. We were deliberate in the profile of the guests we invited, just as we were in the choice of our speakers. The target stakeholders, who have the responsibility for successful implementation of the summit recommendations, were fully in attendance. Beyond this, however, the NPA as is our tradition, shall compile the highlights of the proceedings, and generate actionable recommendations, with suggested time lines to be delivered to policy makers, particularly Enugu State Governor, Ifeanyi Ugwuanyi. We shall also utilise the social and mainstream media to push the central issues arising from this summit to the awareness of the public, as a way of ensuring that the policy makers pay attention. Obviously this conversation with you journalists is one of such efforts.

    Tell us about the NPA?

    The NPA is an association of professionals, businessmen and entrepreneurs from the Nsukka cultural zone of Enugu State. It is non-partisan, and is totally independent, with singular focus on issues around the progress and accelerated development of the Nsukka cultural zone and all the people from the zone.

    What was this summit all about?

    This is the third in the series of annual summits organised by the NPA in line with our self-set mandate to our people and zone. Each summit focuses attention on key area of critical importance for national or state development. For example our last summit focused on security threat from cross border migration, which as you know has now become a national issue of critical importance.

    Other activities of the NPA include legislative and social advocacy, social outreaches, such as scholarship awards, mentorship and job placement initiatives, medical outreaches for rural communities, and other initiatives that represent our humble contribution to the development of our zone, our state and our country.

  • NATBO congratulates president

    A group, No Alternative To Buhari-Osinbajo (NATBO 2019), has congratulated  President Muhammadu Buhari and Vice President Yemi Osinbajo on the victory just secured at the polls.

    The group also congratulated Executive Committee members of the All Progressives Congress (APC), members of the Presidential Campaign Council (PCC), all APC members, all NATBO 2019 members as well as all other Buhari support groups.

    According to a statement signed by its national Co-ordinator, Vincent Uba, NATBO described the victory as a referendum on Nigerians’ quest to step up to the next level on the path of greatness and fulfilment for a better rewarding future.

    “We are delighted that the effort we all put into this project by way of time, talent, treasure and all forms of sacrifices and risk did not end in vain.

    “Now that we have all delivered on our mandate to convince Nigerians that there is no alternative to Buhari-Osinbajo in the election, and they agreed and voted to re-elect the duo, the ball is now back in their court to continue the good work they have started,” the group stated.

    The group prayed for Buhari’s good health and wisdom to lead the country to the promised land and assiduously strive to banquet the legacy of a strong economy, corruption free and secured country for the citizenry.

  • Dangote is world’s 64th richest

    President, Dangote Group, Alhaji Aliko Dangote has significantly moved up in the world billionaires’ list, as he emerged 64th richest person in the world, with an estimated networth of $16.6 billion, as against his previous ranking of 103rd in the world.

    Dangote, who remains the richest man in Africa for the eigth year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg in its yearly billionaires list.

    Jeff Bezos, CEO, Amazon, remains the richest in the world with $136 billion in his kitty, while Bill Gates and Warren Buffett followed as second and third respectively with $98.4 billion and $83 billion on the world billionaires chart, which is dominated by North Americans.

    Dangote’s estimated worth in the latest Bloomberg ranking far outstrips an earlier ranking by the Forbes Magazine, another elite publication which placed his fortune at $10.8billion in the 2019 Forbes Africa’s Billionaires’ list released in January, although he retained the rank as the richest African for the eigth consecutive year in the latter ranking.

    There are only five Africans on the Bloomberg list of the world’s top 500 billionaires, with Dangote topping the group. The other four Africans included Nicky Oppenheimer of South Africa, who was ranked No. 216 with an estimated worth of $7.05 billion; Johann Rupert of South Africa (ranked No. 225 with an estimated worth of $6.92billion) and Natie Kash of South Africa (ranked No. 263 with an estimated worth of $6.10billion). The fifth and last African on the list of 500 HNW individuals was Naguib Sawiris of Egypt, ranked No. 331 with an estimated fortune of $5.12billion.