Tag: recession

  • Love in the time of recession

    Love in the time of recession

    With the stocks looking stuck on the economy front, with figures simply no longer adding up, it seems inevitable that more and more Nigerians would instinctively seek solace in the elementary, yet most transcendental, vocation ever known to man – the pursuit of love.

    Even at that, there is no guaranty of easy win. For rarely is the amatory arrow fired from the bow of love ever so dead on target. Driven more by passion than reason, more of emotion than the material, love does not lend itself readily to scientific outcome. The ones we love don’t care for us; those dying for us we can’t stand.

    The result is what would then seem the growing infiltration of the Nigerian narrative, this usurpation of the national space, by Gabriel Marquez’ quirky characters. From the dramatic tale of unrequited love in Lagos to the farce of an aborted wedding in Delta, the comedy of lesbian sex video in Anambra, to the tragedy of a lady suddenly giving up the ghost in the heat of passion in Oyo – all within a week, the nation is now evidently plagued by a contagion of heartbreaks.

    In his epic “Love in the Time of Cholera”, Marquez unveils Florentino Ariza, the tireless soldier of romance, who will endure a more than fifty-oneyear wait, compose uncountable stirring love letters, survive 622 forbidden affairs, before landing the chance to finally consummate a love nursed from teenage for Fermina Daza. Fermina, the object of this infatuation, becomes available only after the passing of her legitimate spouse, Juvenal Urbino, urbane physician of the high society.

    But, alas, that is when biological toll had already sapped Florentino of strength to intensely savour the fruit of what had been a life-long obsession. From the outset, Florentino’s quest will seem a tall order indeed. Scion of a pauper, who begins life as an apprentice telegrapher, longs after the haughty daughter of a wealthy tycoon.

    Before being beaten to the game by Urbino, Florentino had tried all tactics imaginable. Like taking a telescopic view of Fermina from under a tree at night through opened shutters of the window and feverishly blowing through a pipe assorted love melodies whose tunes will, in turn, be mercifully transported by the winds in her direction. Now, let us look closer home.

    Doesn’t Florentino’s well documented extra-ordinary exploits remind of Tunde Agbaje, the young man who grabbed national fame early in the week following reports of the successful completion of a tortuous 19-day trek from Ketu, Lagos to Zaria, Kaduna, just to demonstrate nothing more than a love he had nursed for one Miss Sharon Donald since 2010. 26-year-old Tunde, obviously unemployed, is said to be a cousin of politician Jimi Agbaje, the flagbearer of Peoples Democratic Party in the 2015 Lagos governorship poll.

    Equally 26-year-old Sharon, daughter of a former South-South governor, is presumably well off. (At this writing, one was still unable to confirm if her dad is the same like-able Donald Duke, the similarities being too striking.) According to Tunde, the decision was borne out of a desire to do for Sharon what no man, certainly no reasonable man, will even contemplate. And the symbolism of the choice of Zaria as destination was intended to be the icing atop the extra-ordinary cake.

    Through discreet research, he had learnt that Sharon’s own parents dated for six explosive years at the university located in that ancient city before deciding to sign the dotted lines. When he first broached the idea of a cross-country trek with his own Fermina, Tunde stoically recalled she, as usual, mocked him it was akin to a suicide mission. But he was far too smitten by Sharon, far too inebriated with – – the liquor of love, to care or be scared of, say, kidnappers or ritualist or wild beast on the way.

    In case Sharon may be doubting, he arranged for his photograph to be taken in transit and circulated online, decked in a red (the colour of love!) sleeveless vest and shorts, red socks pulled near the knees and black sneakers. And for the records, on arrival on October 21, he was reportedly received by the Chief Security Officer of the Ahmadu Bello University, Colonel J. K. Turkur (rtd), and the protocol office of the Emir of Zaria. To ward off any obstacle from the home front, Tunde had devised the most unassailable stratagem.

    His words: “I didn’t let my parents know and to ensure I was not disturbed, I changed my SIM card. I took a tracker along with me to monitor my movements… It was a tough task and I even collapsed some of the times… I have proved my love for her, even though she didn’t reciprocate my feeling.” CONTACTED by The Punch, Sharon perfectly acted up Fermina. Not only did she dismiss Tunde as a stalker, she hinted his obsessive pestering drove her from Nigerian shores to faraway United States in the first place: “(T)his is just a new escapade in a series of his harassment… My mum warned him to leave me alone, but he refused. I changed my phone number and moved to the US, but I don’t know how he got my contact.

    I’ve stopped picking calls from Nigeria because of him…This guy is mentally unstable, because how can you still be stalking a woman who has turned you down for six years.” With that, it is obvious Sharon is oblivious that the mythical Florentino waited for a total of 51years, nine months and four days, in a roll. So, at six years today, the tenacious Tunde could be said to still be within the take-off perimeter. But, all told, we miss the bigger picture if our aperture focuses on Marquez’s Florentino only as the hero of unrequited love.

    Through his odyssey in the land of the forbidden apple after Urbino took Fermina away, his taxing marathon in the race of romance, Florentino ultimately takes us to the brightest height and darkest depth of the human emotion.

    Conversely, by his stamina so far, Tunde will certainly elicit today sharply disparate emotions across the nation’s vast spectrum, whichever the lens he is viewed: moral, social or economic. While that may potentially be distractive, one point is beyond contestation. Tunde is a strong metaphor for growing youth disengagement, the productive population at the nadir today.

    What else would make a sane young man embark on this sort of perilous adventure if not unemployment. Were he gainfully employed, Tunde would certainly need more than a casual leave to afford this venture. Last weekend, elsewhere in a sleepy community in Udu Local Government, Delta State, Florentino’s ghost reappeared.

    It came by the story of one 41- year-old Julius whose bride suddenly sprang to her feet and bolted from the wedding shindig onto the adjourning street, her immaculate white gown fluttering in the autumnal wind, hotly pursued by the bewildered groom. As reported by Vanguard on Wednesday, the new wife identified as 32-year-old Rose simply shouted “I’m no longer interested!”, to annul the entire event.

    That precipitate action was said to have been prompted by her suddenly sighting her former suitor, indeed her true love, in the crowd of guests. (This time, a determined Florentino chose to disrupt Urbino’s victory dance.) Overall, whereas unrequited love is depicted in Florentino’s longing for Fermina, we see the dangerous variant in his assignation with the mental patient. We see adulterous love in Urbino’s own affair.

    In Anambra these past few days, we see the dangerous love in the lesbian sex video involving Miss Chidimma Okeke, the beauty queen, leaked allegedly by a now estranged business partner and has been titillating online oglers salaciously. The defence quickly marshaled by her publicists is that the act preceded her winning the pageant. But that hardly absolves the stupidity. Only a lunatic daring would make a young lady agree to be recorded in such condition in the first place. The National Coordinator of the Association for Universal Moral Education, Rev. Sister Theresa Nwodo, blamed it on poor parental care. One cannot agree more.

    Come to think of it, in hard times such as this, those pressed for cash will likely resort to seeking to make up in kind. Anticipating possible backlash on an epidemic scale in restricted quarters, especially the ivory towers where many a lecherous male tutor has over he years built a dark reputation of taking advantage of vulnerable female students, the Nigeria senate last week did the needful. Without a single dissent, it passed a bill (Sexual Harassment in Tertiary Education Institution) criminalizing the act and prescribing a punishment as stringent as fiveyear jail term for anyone found guilty. (Well, after the successful execution of “sting” operation against corrupt judges, speculations are mounting that the academic citadel is next on DSS’ gun-sight.)

    AGAIN, Florentino’s adulterous love played out recently in Ibadan where 48- year-old Sadiat Adejuwon reportedly died during a romp with her 50-year-old lover, Fatai Busari. In his bid to impress her, the lothario allegedly ingested an overdose of stimulant. However, no one could say with certainty yet if that triggered the deceased’s premature death. After hearing the case, an Ibadan magistrate ordered the suspect be remanded in prison.

    Elsewhere in Katsina, just when the high society was still battling with the hang-over from the colourful nuptials last weekend of President Buhari’s second daughter, came this rather apocryphal report that his new son-in-law, a former bank chief, has come under EFFC radar over an alleged past sleazy deal involving a staggering sum. Well-wishers can only pray and wish that this turns out another hoax.

    Regrettably, this dramatic turn of event seems to have robbed many of the grace to ask the other question: did it ever cross PMB’s mind during the nikai ceremony to sample his new son-in-law’s opinion whether the “amaria” (Hausa for new bride) should be limited to “the kitchen, living room and the other room?”

  • Recession ordained by God, says Sultan

    Recession ordained by God, says Sultan

    Sultan of Sokoto Alhaji Muhammad Sa’ad Abubakar III yesterday said the recession being experienced in the country and other parts of the world is ordained by God.

    “The only solution to this is for us to show piety and repent. It is ordained by God”, the President General of the Nigerian Supreme Council for Islamic Affairs (NSCIA) said.

    Sultan Abubakar spoke in Sokoto yesterday as activities for his 10th coronation anniversary commenced with the distribution of items.

    ýItems worth N9 million were shared out to 270 widows, orphans and other indigent persons at a ceremony organised by the state Zakkat and Endowment Committee.

    The monarch also admonished the adherents of Islam and Christianity to live their lives according to the dictates of their Holy Scriptures.

    The Head of Nigerian Muslims, also urged for more proactive measures to prevent the frequent cases of kidnapping.

    He called for more beneficial measures to be taken by governments at all levels, to cushion the suffering of Nigerians.

    Governor Aminu WaziriTambuwal described as unprecedented the 10 years of Sultan Abubakar on the throne, noting that it had been “remarkable and historic.”

    “He is an epitome of peace, unity and a bridge builder in Nigeria and beyond”, Tambuwal pointed out.

    Emir of Kano Alhaji Muhammadu Sanusi II extolled the existing cordial relations between the Kano Emirate and the Sultanate Council of Sokoto.

    Sanusi 11 described the Sultan as a father to all Nigerians, both Muslims and non-Muslims.

    Sokoto State Zakkat and Endowment Committee Chairman, Alhaji Lawal Maidoki, listed the items distributed as 100 bags of rice, 50 grinding machines, 50 sewing machines, 50 freezers and 50 mattresses.

    A special prayer session presided over by the Sarkin Malaman Sokoto, Sheikh Buhari Sirriddawaý for sustainable peace and unity in the state and Nigeria was conducted at the Sultan Bello Mosque in Sokoto.

    Also yesterday Niger state Governor Abubakar Sani Bello  applauded the Sultan for championing the cause of sustainable peace, security, ethno-religious harmony and peaceful co-existence among people of various faith in his first decade on the throne.

    In a congratulatory message, Bello said the Sultan had contributed significantly to the unity, peace, progress and development of the country.

     ”The Sultan’s reign has brought unity and peaceful co-existence and greatly reduced mutual suspicion and tension amongst people from different religious and ethnic divide. He has been able to sustain and enhanced the status of the throne and wielded influence that transcends the country’s borders.

    “These efforts has earned the Sultan national and international recognition including joint nomination with Cardinal John Onayekan for Nobel  Peace Prize in recognition of their peace-building roles.”

    While acknowledging the role of traditional rulers and religious leaders in nation building, Bello stressed on the need for government to support them by creating the right platform for them to function effectively.

    “We are proud to celebrate a strategic leader and statesman whose positive attitude, strong will, discipline, self-confident and ability  to manage people have been significant factors towards the progress and development of the Sultanate in particular and the country in general. He has clearly  combined his military experience with the Sultanate leadership values in the discharge of his responsibilities ”, he said.

  • Recession takes toll on Lagos property sector

    Recession takes toll on Lagos property sector

    The economic recession ravaging the country may have taken a huge toll on the property market in Lagos, the nation’s commercial nerve centre.

    The situation has reportedly taken a deep cut in one of the major sources of revenue for the Lagos State government-land. Transactions  are said to have dropped to as low as 30 per cent, the lowest recorded in a long time.

    The Permanent Secretary, Lagos State Lands Bureau, Mr. Bode Agoro, in a chat with The Nation in  his Alausa, Ikeja home, lamented that despite the reduction in land charges, there has been decline for the application for Governor’s Consent, which hitherto, was the cash-cow of the Bureau.

    This is more worrisome, considering that last year the state government slashed various rates applicable to land transactions from 13 per cent to three per cent. This accounts for the reduction in charges for consent fees, reduced from six per cent to 1.5 per cent. Capital gains tax, previously two per cent, was reduced to 0.5 per cent.

    Agoro said: “People are not really transacting so much as a result of the recession, leading to considerable low rate of revenue. This is why the Bureau has embarked on series of changes to speed up the process of getting governor’s consent in order to attract more people and arrest the decline.”

    He said the Lands’ Bureau reinforced the operation of land registry by creating a quality control unit to block all noticeable leakages in the past, and also deployed an electronic system to take care of double allocations as well as shortening the process for optimum productivity.

    This action, he explained, was borne out of the need to ensure that fake Certificate-of-Occupancy (Cof O) were not registered, adding that the bureau was committed to the project by creating an enabling environment where the land registry would be secured to vet and scrutinise all applications.

    Agoro said the administration of Governor Akinwunmi Ambode was processing backlogs of allocations, adding that over 5, 000 C of Os had so far been issued by the governor.

  • Evolve strategies for recession, YCE tells Fed Govt

    The Yoruba Council of Elders (YCE) has advised the Federal Government to evolve strategies to cushion the effect of recession on the citizens.

    The group, which gave the advice during a visit to one of its founding fathers, Alhaji Lateef Jakande, at his Ilupeju, Lagos, home, said the economic meltdown has increased poverty among the people.

    The Chairman of the Lagos chapter, Francis Akinnikawe, said measures adopted by the government to end the recession should be harnessed for effectiveness.

    Otunba Aremu Akindele, a former chairman of Ifako Ijaye Local Government, decried rising youth unemployment, saying a conducive atmosphere is needed to encourage local and foreign investments.

    He called on the Yoruba to take their rightful place in the scheme of things.

    Akindele observed that if the Yoruba could unite and speak with one voice on national issues they could resist all forms of oppression and marginalisation.

    He urged Southwest governors to embrace economic integration to develop the region and liberate the people.

  • Group empowers 200 Nigerians against recession

    The Gameplan Financial Empowerment Summit (FES) has empowered 200 Nigerians at Ogba, Lagos State.

    The summit, with the theme: How To Survive and Thrive in Times of Recession, was organised by Lifepage Group, a Lagos-based human capital and business Development Company.

    The company’s CEO Oladipupo Clement said: “Recession doesn’t just happen. There are causes. More often than not, the foolish things we did in yesterday’s good times created today’s bad times and the wise things we do in today’s bad times create tomorrow’s good times. Hence, recession is predictable; it occurs in cycle of seven to 10 years and for wealth redistribution. Recession presents unique opportunities that we will not find at other times. The best of us is unleashed in times of recession.”

    Besides the mental reformation of the event, Lifepage Group, which operates in the real estate development and investment sectors empowered several participants with cash and land rewards.

    The group also fulfilled its promise to give the first 100 participants who showed up at the event a bag of rice each.

    The convener said the gesture was the company’s way of giving back to the society.

    The Gameplan Project, the parent platform for the various summits Lifepage Group, was launched in July 2011 with the aim of raising 120,000 multimillionaires by 2021.

    The organisation said its business philosophy is to make people rich legitimately.

  • ‘Recession should never affect churches’

    ‘Recession should never affect churches’

    General Overseer of God’s Mercy Revival Ministries (GOMERM) Lagos, Dr James Akanbi, worked for 17 years as Finance and Administration Manager in a multi-national firm.
    He spoke with Sunday Oguntola on the economic recession and how churches can cope.

    How is the recession affecting churches in terms of income generation?

    There is one thing I’ve been saying and convinced about: there is no individual that can finance the church. Only God can finance it and I know one thing about God. He will always finance Himself no matter how tight.

    Finances are shrinking for sure. But as it is shrinking in one way, God is looking for another way to take care of His church. If your purpose is God’s purpose, God will finance you.

    In our church, people have asked me how we have been able to finance over 70 branches worldwide. They ask if the money is coming from those at the headquarters. I do say no because there is no branch that we collect offering from at the headquarters; we don’t do that.

    Why is that? What administrative structure do you have in place?

    I allow them to use their funds to grow their branches and that is what we do up till now.

    You mean they don’t remit any percentage?

    No remittance of any percentage at all. The 75 branches we have are not remitting a dime. Rather we send money. We pay salaries of workers and their rents from the headquarters.

    People will wonder how they will remain loyal to you and know they are under the headquarters with that kind of structure?

    Yes they know they belong to the headquarters. For example, on a monthly basis, all their pastors are here. On a monthly basis, there is a combined miracle service for all of us in Lagos and I go to all the zones.

    People say that remittance is a way of always avoiding breakaways and serve as their own tithe 

    Has that stopped some of those churches breaking away from the headquarters? It has not stopped anything.

    So, branches out the country also don’t remit?

    In the United Kingdom, they take care of themselves. But others like Gambia, Senegal and Republic of Benin we do everything from here.

    So, the recession does not affect operations?

    In the last five or six months, we’ve been able to start about ten branches. If we are talking about starting a branch, some of the branches will take more than a million to start.

    When we were starting the Ajah/Lekki, it gulped hundreds of thousands. So, I believe if it is God’s vision, He will make provisions for it. If it is purpose, He will handle it. I’m not going to stretch my hands into what He is not doing and when He is stretching my hands into it, then He must be able to empower my hands to be able to get something.

    I agree the economy shrinks one way or the other but divine provision will not shrink. Offering to the church might shrink but divine provision will not shrink. He will raise it from whichever angle definitely. Our impact in the lives of people should still continue the recession notwithstanding.

    How many more month do we have to get over this recession? 

    By the special grace of God and prayers of everyone with willingness from everyone, I think in the next 12months we should be able to get out.

    Can Nigerians survive another 12 months of recession?

    The tenacity is there and Nigerians know they can survive. What some family have been surviving is worse than what we are experiencing now.

    It is the government that should look at themselves and feel they have failed the people. And it is just this government but successive administrations.

    Your church has ventured into agriculture. Why is this?

    It is a mechanism to beat the hard times. We are at one site around Osun state trying some few acres we are looking at. We have at two places, one at Igbo-Elerin.

    We are into planting of yam, cassava, corn and all kind of things. For now, it is maize, yam and cassava. That’s for the one at Mugo. Our pastors go there weekends to supervise those that work there.

    Some people argue churches should not have anything to do with businesses. They say the only business of the church is soul winning. Where do you stand?

    Perfectly I agree that we must not miss our core mission but we should understand that church is a place of diversified talents. People are gifted in different things. While the headship and leadership is focused on our core mission, there are people that can actually take of other interests of the church.

    In the early church, some people concentrated on the word, prayer and fellowship. But there were those in charge of the business aspect of the church. They were feeding the people. They got things from people and distributed to others.

    They had managers and administrators as well as apostles. For example, I have not been to the farms and do not lose any sleep on it. There are people gifted in that. Members of the church could have degrees in agriculture-related courses.

    For goodness sake, what are they doing sitting down? Let them go and be farm managers. They should take care of that. However, I do not agree the church should be in serious business that will crush its core mission.

    Do you mean focus as in being on full time?

    It is hard to have a blanket rule on that. I didn’t start as full time general overseer. I was still Finance and Administration manager for some time until God asked me to quit. So, if I say others should be full time, what about when I was part-time?

    It depends on what God tells individuals but what I found that is when I came in as full time, it makes the work move a little bit faster. Where I worked, the company agreed I should work for only two days in a week. I spent three days in the church office.

    But God still said I should give it up. So, for me, the final decision lies with God. Size of the ministry is another factor. With 75 branches and over eight independent ministries under my supervision, there is no way I would have coped without being on full-time.

    What is your typical day like?

    I don’t resume in the church office every day. I come here Tuesdays and Thursdays. I work from home where I have a huge library. I have written over 29 books. To be here, there is no way I won’t have some distractions.

    I do a lot of online works, e-mailing and stuff with many of the branches from home. I do a lot of readings and also have a private time with God. My typical day runs from 8am.  Even when I’m at home, I’m always in the library.

    Most people know that you come in 8:15am they meet me in the library, officially I close around 7pm.

    Did you put in that much when you were in the corporate world?

    In the corporate world, I didn’t spend that much time. I put in my best no doubt.  Sometimes I stayed in the office till 1pm but not every day. By 5pm, I’m off to home.

    I had about one and the half break time but I don’t have break time here. I only have a flask by my side, take a cup of tea and move on.

    There is pastoring and leadership. If it is to pastor a church of 200 people, you can say you don’t have much to do but when you find yourself in multi-dimensional, multi-disciplinary leadership, you have to pray because the job is something else.

    You need the presence of God because the moment it is gone, you are out of the ministry. You have a lot of things that actually have to go into it.

    I usually tell my people that you can’t be stronger than your routine. If your routine is weak then your life in ministry will be weak.

    Has your secular background helped?

    Yes it helps a lot. If you do not have that background, there will be a particular aspect of management that will be missing. It could be budgeting or control of deviations.

    Every year, I have a particular budget on my own and I’m controlling deviations. I’m looking at things that can bring in some contingency, do contingency planning and that helps with financing.

    We have a lot of courses on finance that also can be applicable to leadership. My background has been helpful enough. I have been able to structure a system, have organ gram and put people into functional units.

    I was in Harvard a few weeks ago to learn more on leadership and management.

    A church leader in a Harvard class? Do you need such business training? 

    There is no born again way of cooking a yam. You have to place it on a stove. If you are managing people, you have to learn how to handle them. You manage people in corporate world, you manage people in the church and there is management aspect of the church. There is a leadership aspect of the church.

    Management is different from leadership. In leading and managing people, you need knowledge. There is no ‘thus says thy Lord’ in managing systems. That is where confusion comes and people wreck churches.

    If you are confusing the whole thing together you go nowhere, so we have to understand management of systems and leadership of people. They are two different things.

  • Medical doctors raise alarm over increasing patronage of quacks

    Medical doctors raise alarm over increasing patronage of quacks

    Medical doctors in Cross River State Chapter has raised alarm over the increase in patronage of quack doctors and herbal medicine sellers because of the economic recession in the country.

    Several doctors who spoke during a workshop to mark the State NMA 2016 Physicians’ Week in Calabar expressed worry over recession which is they said is affecting virtually every facet life in the country.

    According to them, the situation required urgent attention, as cost living is increasing on daily basis.

    Chief Medical Director of the University of Calabar Teaching Hospital, Dr Thomas Agan, who declared the event open said the theme “Health Care in a Frail Economy,” was apt.

    In a lecture titled “Healthcare in a fragile Economy, the guest lecturer, Dr. Ikpeme A.Ikpeme, spoke on the benefits of a functional healthcare system, the need for private public partnership in healthcare, the role of leadership and governance, the consequences of a weak economy on health care, health information system, sources of health financing, service delivery and several other issues affecting the sector.

    Dr. Ikpeme stressed the need to strengthen institutions and governance, improve intra-and inter-sectoral communication and health information among others.

  • Recession: Senate seeks more support from IMF

    Recession: Senate seeks more support from IMF

    The senate yesterday solicited more support and closer partnership with the International Monetary Fund (IMF), in efforts to address its economic challenges.

    Deputy Senate President, Ike Ekweremadu, made the appeal when he received, on behalf of the Senate President, Bukola Saraki, a delegation of the African Department of the IMF, which paid a courtesy visit to the Senate.

    He thanked the IMF officials for their support to Nigeria, and said the country needed more support and collaboration of the IMF particularly at this challenging period in the nation’s history.

    He said: “The IMF has shown keen interest in the development of Nigeria. We believe that we need greater collaboration at this time of our challenges and we also believe that whatever support and technical assistance we are going to get will be tailored to our own needs, which is also peculiar to us, because every country has its own challenges and peculiar circumstances.

    “We believe that working together and taking cognisance of our peculiar circumstances, we will be able to find solutions to our problems. We will work together to build a country where food, shelter and other basic needs are affordable for all.”

    The new Director, African Department, IMF, Mr. Abebe Selassie, said he was in Nigeria to have a firsthand assessment of the country and to discuss the economic challenges.

    He reassured the Senate that the global body would work hand-in-hand with the country to address the nation’s economic challenges.

     

  • Recession: Saraki urges Nigerians in Diaspora to support FG

    Recession: Saraki urges Nigerians in Diaspora to support FG

    Senate President, Abubakar Bukola Saraki, has urged Nigerians in Diaspora to support President Muhammedu Buhari’s administration to pull the country out of recession.

    Saraki said that Diaspora Nigerians should deploy their abundant skills and expertise which are in dire need in the country at this time.

    A statement by his Chief Press Secretary to the Senate President, Sanni Onogu, said that Saraki made the appeal during an interactive forum, organized at his instance, for the Nigerian community in Switzerland.

    It said that Saraki who led the National Assembly delegation to the 135th Inter-Parliamentary Union Assembly in Geneva, expressed his confidence that Nigerians in Diaspora have the skills and competences required to assist the government in its efforts to exit the current recession and for the progressive development of the country through investments.

    Saraki said the Senate and by extension the 8th National Assembly is working at passing legislation that would encourage Nigerians living abroad to return and invest at home even as he asked for their input on the kind of laws they want put in place to make their return profitable.

    Saraki told reporters after the event, attended by over 100 Nigerians, comprising students, businessmen and professionals living in Switzerland, that the session was necessary to apprise the Nigerian community of the situation of things back home and the opportunities for collaboration that exist.

    He said, “We find that it has become very necessary to interact and share ideas with Nigerians here because a lot of people are not well informed of what the responsibilities of the National Assembly are and some of the work we have been doing, both regarding passing new legislation that would improve the lives of Nigerians and to also give them a picture of the economy which today is a topic of great concern to all Nigerians both in and outside the country – particularly those in the Diaspora.

    “We want to really send a message across that the recession is a phase that we are passing through and hopefully, I am confident that very soon we will come out of it. But to come out of it, we have to take certain steps.

    “The steps that we hope to take in collaboration with the executive and the prospects ahead of us as a country – both for them in the Diaspora and the role they can play in working together with government to move the country forward,” he said.

    He urged his country men and women in Switzerland to partner with the government in critical sectors of the economy by deploying their capacity and making good investments, even as the National Assembly is putting laws in place to make it attractive for them to participate profitably in the economy back home.

    “Particularly here in Geneva, you find a lot of them are well qualified and doing very good jobs,” he said. “I am sure a lot of them will like to come back if the right condition is there. All we have to do now is to ensure that we have the enabling condition and environment that would make people come back.

    “And when you say investment, it is not just financial investment, there is also human investment where people will be ready to come back and look up opportunities. We talk about the issue of Information Technology (IT), and that there are great opportunities in Nigeria and how we can work together with some of them on the kind of laws that they think will make it very interesting and the incentive for companies to come in and set up different IT structures.”

    “If they do that, of course, they will be looking for people that have the capacity to be able to run it and some of them have that know-how, but they just don’t see what role they can play in Nigeria.

    “We spent some time explaining to them the importance of the procurement law and the buy-Made-in-Nigeria campaign where we are trying to ensure that at least government agencies ensure that they give first option to Nigerian companies.

    “That is some of the work we are doing to see that we strengthen our development banks, that will provide credit for small and medium size companies in the areas of manufacturing.

    “The good thing is that there is need and desire for a lot of them to want to come back. We have a lot of work to do to create the enabling environment but also more important, is that we must market ourselves.

    “I do not believe that not thinking positively about the country or that running down the country will help anybody. At the end of the day, if we do not think positive about our country, nobody will come and invest in our country and the bottom line is that it is clear that government resources alone cannot take us out of the recession.”

    The Senate President insisted that the burden of providing infrastructure must be taken away from the shoulders of government to enable it concentrate its scarce resources in tackling social ends.

    He said: “Government has to address infrastructure deficit which has built up over the years. Government has to address the issue of education, security and health and by the time you have the limited resources you are not able to do that because funds are not there.

    “You must look for alternative sources of investment and that is where the National Assembly is trying to pass a lot of laws in the infrastructure area. We have passed the Railway Amendment Bill to create the enabling environment for private sector to participate in that sector.

    “We are taking on roads to encourage and make it easy for private sector to take that burden away from government – at least on the major trunk A roads. We are working on laws also on ports to make room for private sector participation. If you begin to push away some of these infrastructure burden to the private sector, then of course, government will have more funds to address the social aspects of life.

    “Some of the things we are doing in the Senate is not just to go there to just pass any bill. There is a focus and motive behind it and that is to ensure that we try as much as possible to see how we can raise interest and investment in these sectors necessary to increase productivity,” he said.

  • NSE: Housing key to ending recession

    For the country to overcome its present economic problem, there is  need for a strong and viable housing sector. Based on this conviction, the Nigerian Society of Engineers (NSE) has urged the Federal Government to pay more attention to the housing industry, given its potentials and capacity to help in revamping the economy.

    The President, NSE, Mr. Otis Anyaeji, made this known at a World Press Conference held by the body in Abuja, recently.

    According to him, trends in developed countries have buttressed the argument that a nation cannot be or remain in recession if the housing sector remains strong. This, he explained, is because the housing industry has a powerful multiplier effect on the rest of the economy like steel, wood, cement, paint, aluminium, glass, plastics, cables, piping, sand, quarry stones, roofing sheets, electricity, water, etc, and the gains are best maximised if these products are manufactured locally. He also urged government to reject the option of developing housing through continued importation of materials, but rather insist on local manufacturing.

    Reacting to series of building collapse in the country, Anyaeji disclosed that soil investigation and complying with test results from the exercise, was a major parameter in preventing failure of engineering facilities like roads, buildings, bridges, etc. He faulted the National Building Code for not paying much attention to this aspect of construction.

    “Given the frequency of building collapse in Nigeria, the government needs to support getting soil investigation done on every engineered land improvement project and ensure that standards are adhered to strictly across all facets of construction activities,” Anyaeji said.

    The NSE President also charged President Muhammadu Buhari to recognise that the next two and half years have to be a revolutionary period in government and also business. He said the President has to believe in, and tap into the capacity of Nigerians and Nigeria for rebirth and renewal as already witnessed in the entertainment, communications, banking and other industries.

    While urging the government to focus attention on manufacturing, the housing sector, transportation, petrochemicals as well as the textile industry, the body also stated that for the sake of performance and quality service delivery, President Buhari should constitute his cabinet with 60 per cent technocrats and 40 per cent politicians.

    “Engineers strongly recommend to the President to depoliticise the selection process and demystify the Senate screening exercise by attaching portfolios to those nominated for ministerial appointments before screening,” Anyaeji said.