Tag: recession

  • Recession, hypocrisy and grandstanding in Abuja

    Recession, hypocrisy and grandstanding in Abuja

    A recession is a terrible thing to waste. Beyond the pains, the economic downturn offers this nation and its people an opportunity to take hard but necessary decisions that were impossible in times of plenty.

    This period is especially unique because the political leadership at the centre has exhibited the will to confront the vampires who have sucked the nation dry for ages. They may not be doing a perfect job, but they are having a go at it.

    Now, necessity is forcing everyone to focus on how to get out of our bind.

    Everywhere you look, families and companies are cutting back to cope. Luxuries and extravagancies are being slashed from budgets. Many middle class homes are suddenly discovering that it is impossible to keep up with the Joneses when the naira is exchanging at almost N500 to the dollar.

    Banks and telecommunications companies, for long the picture of ruddy financial health, have been ruthlessly shedding staff as they struggle to stay afloat.

    In government, Minister of Information and Culture, Lai Mohammed, at his presentation of the ‘Change Begins With Me’ initiative to the corporate world in Lagos during the week unveiled a long list of perks and privileges that have been cut by the Executive Branch because of the recession.

    You may dismiss their inability of ministers to buy new cars – following the example of President Muhammed Buhari – as tokenism, but every kobo counts at a time like this.

    Across the road at the National Assembly we’ve heard the leadership making all the sympathetic and politically-correct noises about how ‘things are tough’ and Nigerians are suffering. For our own good, the lawmakers have even shipped a slew of bills to the Executive which, ostensibly, contain the silver bullet that would terminate the recession.

    But not for our caring lawmakers any nod at even the smallest of tokens to show that they, too, are willing to sacrifice at a time like this.

    One of the priority projects for the senators in the last one year was the purchase of SUVs befitting their status as federal lawmakers. Never mind that some of them had just received loans to buy brand new cars. They justified the request for additional cars saying the fresh ones would be for official assignments.

    In the face of public outrage the senators struggled unconvincingly to  justify the timing of such huge financial outlay. But exhibiting the typical disdain of the average Nigerian office holder for public opinion, they went ahead after a fashion.

    Not all senators ended up getting the new SUVs – only the presiding officers. Additionally, one senator from each of the 36 states also benefitted using the yardstick of rating.

    But that is small beer compared to what Nigerians have always moaned about, that our federal lawmakers – unjustifiably – are among the highest paid on planet earth. Even with the economy on all fours they retain that dubious ranking!

    The influential British magazine The Economist in a report two years ago estimated that Nigerian legislators ranked only below their Australian counterparts in their global survey – taking in annual salaries of between $150,000 and $190,000 per annum depending on exchange rates for 180 days of sitting.

    By comparison their counterparts in Britain receive $105,400 yearly, United States ($174,000), France ($85,900), South Africa ($104,000), Kenya ($74,500), Saudi Arabia ($64,000) and Brazil ($157,600).

    The report then makes the damning assessment that the average legislators’ pay is more than 50 times Nigeria‘s GDP per capita – and that, in a country where millions live on less than two dollars daily and the value of the minimum wage is now roughly $40 a month.

    The foregoing is not to demonise the lawmakers but to point out that a bicameral legislature is a luxury for a country in Nigeria’s shape – and the recession is a wonderful opportunity to do something about it.

    In April this year, Senegal scrapped the Senate to save money. Egypt did the same thing in 2013. In the last 20 years several other countries have done so.

    But that is not likely to happen in a hurry here because our commitment to cutting waste and make savings in Abuja begins and ends with our lips.

    Sometimes when I come across some Facebook campaign trying to interest Nigerians in a drive to ‘Scrap the Senate,’ I picture people banging their heads fruitlessly against the wall.

    For the Senate to disappear, there would need to be a constitutional amendment. This bunch of politicians who have secured a lucrative and prestigious retirement in the upper chamber are not in a hurry to commit political suicide.

    But imagine how much this country would shed with a unicameral system. According to BudgIT, between 2011 and 2014, the National Assembly received N150 billion yearly. This fell to N120 billion in the 2015 budget. The study shows that between 1999 and last year, allocations to the National Assembly amounted to N1.26 trillion.

    As I said earlier, our lawmakers are so concerned about the recession that they have sent a bunch of bills to Buhari which they believe would turn things around. You don’t have to be clairvoyant to know that none of the bills prescribes downsizing the legislature. At least, the Executive made an effort by pruning the number of ministries.

    In fact, the constitutional amendment process currently on in the National Assembly rather than looking for ways to divert funds to proper development projects, is focused on vanity items like creating new states, reshaping executive tenure and removal of immunity clauses.

    Late in the week news broke of the decision of the House and Senate to invite Buhari to address them on what he’s doing about the recession. While they are at it, they should equally brief the president on what they are shaving off their bloated financial package to help the country out.

    Anything short of that would  amount to hypocritical posturing on the part of our ‘caring’ lawmakers.

    In defence of Mama Peace

    Nigerians are an interesting lot – but never more so than in this season of recession and rocky change. Now, depending on which side of the political divide we find ourselves, we defend the indefensible and rationalise that which is beyond the pale.

    Take for instance the current bid by former First Lady, Patience Jonathan, to unlock about $22.5 million dollars which she claims belongs to her. She was not in the picture when the Economic and Financial Crimes Commission (EFCC) secured a court order freezing the suspicious funds traced to some companies.

    The firms in question have since pleaded guilty to money laundering charges. Out of the blues, Mrs. Jonathan shows up laying claim to the huge sums.

    Confronted with searching questions as to how she earned the foreign exchange, we were suddenly informed the monies belonged to her mother. Don’t ask whether the old woman owned an oil bloc.

    In her defence, a rent-a-crowd protest took place in Yenagoa on Thursday led by the Ijaw Youth Council (IYC) during which the ‘protesters’ argued for release of the frozen funds.

    Some of the ‘protesters’ reasoned this way: “Patience Jonathan is not the only First Lady in this country. A wife to former Deputy Governor, Governor, Vice President and President … are you expecting her to be a poor woman?”

    The fact is there’s no constitutional recognition for the office of the First Lady so there can be no official earnings accruing to a non-existing position. Secondly, her husband, no matter how generous his earnings in the office he occupied were, was never paid so lavishly in dollars to enable his spouse accumulate so much.

    It is only in Nigeria that the richest people are those in government. President Barack Obama is not among the richest persons in the US. The wealthiest people in America, Britain and across the West are entrepreneurs, entertainers, sportsmen and professionals among others.

    With these ‘youthful’ defenders of the indefensible reasoning this way, we should be greatly troubled about the future of the country.

  • Recession: Governors adopt desperate measures to stay afloat

    Recession: Governors adopt desperate measures to stay afloat

    From outright cut in the number of political appointees to reduction in their salaries and allowances and reforms of internally generated revenue system, state governors have adopted various measures to cut the cost of governance.

    The economic recession, brought about by the drastic fall in the price of crude oil, seems to have succeeded in imposing the long sought fiscal discipline on state governors, according to investigation conducted by The Nation across the country.

    At the last count, as many as 27 of the states are said to be finding it difficult to pay the monthly salary of civil servants.

    It took Governor Abiola Ajimobi of Oyo State almost one year to constitute his cabinet after winning re-election last year, just to save money.

    He only picked his media team and waited until he felt the treasury could absorb the emoluments of the cabinet members.

    Besides, the governor slashed the number of ministries from 23 to 13.

    The implication is fewer commissioners, special advisers and assistants.

    The state government also decided to use public private partnership (PPP) in the execution of some of its projects.

    These include the Lakeside Estate at Elenusonso, which is in partnership with HCP Architectire and Engineering Nig. Ltd and Olive Court at Agodi GRA, which was built by UAC Nigeria.

    The PPP is in use for refuse collection and disposal in the capital city.

    Similarly government embarked on the verification, authentication and certification of the workforce to block loopholes in the wage bill, Information, Culture and Tourism Commissioner Toye Arulogun said.

    Overseas training for the work force was also stopped while subvention to the state-owned tertiary institutions was cut by 75 per cent.

    The Abia State government is not adding to its pool of official vehicles for now, leaving many political appointees and aides without official vehicles.

    The salary and allowances of the governor, deputy governor and other political office holders were reduced by half.

    Governor Okezie Ikpeazu’s chief spokesman, Enyinnaya Appolos, said his principal “foresaw what is happening now months back which made him to cut his salary and his travelling allowance by 50 per cent, including those of his appointees.”

    The state government saw in the commercial city of Aba a potential cash cow and is investing there as part of the effort to boost internally generated revenue.

    Appolos said: “This position made the governor to say that he was going to live in

    Aba for six months to help in fast tracking the development of that

    city, but he ended up living there for over a year with development

    structures springing up there”.

    “Abia has a wage bill of over N2 billion and we get less than that. So

    people should ask how we have been able to move the state forward in

    the infrastructure sector.

    “Most of the road constructions we are doing have been done with an

    understanding with the contractors on how they are going to be paid

    whenever the funds are available, and we have been keeping to that

    bargain, which is why the construction sites are working.”

    Governor Willie Obiano of Anambra State is also credited with foreseeing the recession and prepared for it in his own way, according to his Senior Special Adviser on Media, Mr. James Eze Anambra.

    Eze said before the recession, the governor organised two retreats where experts predicted the oil price crash and advised the government to adopt cost saving measures immediately.

    It consequently adopted the slogan ‘Doing more with less’.

    “You can see that Obiano envisaged it, plugging the loopholes in the state, fishing out 800 ghost workers and also, it led to the prioritisation of projects government wanted to execute because of the lean resources,” Eze said.

    The Internally Generated Revenue (IGR) system was restructured to make for efficiency in revenue collection,while overseas travels were drastically reduced.

    Eze cited himself as an example of the prudence of the government.

    “I do not have an official vehicle. I share a vehicle with the protocol staff and at times security men. But the previous administrations gave official vehicles to people in my position” Eze said.

    Governor Samuel Ortom of Benue State reduced the number of ministries from 17 to 13, Special Advisers from 28 to 20, and special assistants from 500 to 150.

    He has also reduced his travel allowances and those of his deputy.

    The governor’s Special Adviser on Media and ICT, Tahav Agerzua, said the governor also involves labour leaders in disbursement of funds and has deployed ICT and other forms of technology to reduce expenditure .

    The Ganduje administration in Kano State,according to Information Commission Muhammad Garba, has embarked on the radical reform of the state Internally Revenue Generated Revenue Board, in addition to cutting the salary of political appointees by 50 per cent, down-sizing the number of ministries and parastatals, as well as ensuring prudent management of resources.

    “We looked at what was going on in the Civil Service in terms of curbing the menace of ghost workers. This idea paid off because we were able to discover over 7, 629 ghost workers on the payroll of the state government; and we were able to save over N283, 580, 848.44 monthly,” Garba said.

    On internally generated revenue,he said: “for us in Kano state, our projection for 2016 budget, when we had our retreat was to generate from N4 to N10 Billion Naira monthly.

    “When we came in, what we met on ground in respect of IGR by the immediate-past administration was between N650 to N700 million per month; but we have been able to increase it gradually to about N1.5 billion. This is as a result of the re-organisation of the Kano state Board of Internal Revenue.

    “The Board of Internally Generated Revenue is now independent as part of the reforms. These guys are now generating between N2.2 to N2.5 billion per month, and every month, we are seeing an increment in millions of naira.”

    The situation differs slightly in Ebonyi State where Governor David Umahi staggers payment for services rendered to the state over a period of time.

    “Prudence and careful planning have become the watchword in this administration,” Chief Press Secretary Emma Anya told The Nation.

    “When government awards a contract, the contractor will be paid per the kilometres he completes. This way the payment is staggered and it is not too cumbersome for the state government to handle.

    “Same thing is being done in respect of purchase of heavy equipment used in the works ministery and also for cars being bought for commissioners, House of Assembly members and other aides.

    “The state government has also adopted direct labour in road construction. This way you go to the market and buy at the market price the materials needed to do such works and that saves a lot of money.

    “The engineers and other workers working on such projects are in the employ of the ministry of works and earn their monthly salary and get little additional allowances.”

    “This way, the cost of construction is reduced and the money saved is used for other pressing matters”

    Anya said government has also been able to plug loopholes which some unscrupulous civil servants and other government officials were exploiting to steal public funds.

    The Chief press Secretary said the governor’s fiscal policies are paying off as the state is witnessing unprecedented development despite the economic recession the country is going through.

    The Cross River State government’s approach is to create employment opportunities for as many people as possible.

    Thus, it has established the Calabar Garment Factory which employs mainly women, particularly widows and other vulnerable persons .

    Governor Ben Ayade said the idea was to rely less on allocation from the federal government.

    “As a government, we must at all levels, take necessary actions to stem the situation if we must avoid the catastrophe of other challenges that may arise from the unemployment situation,” he said.

    Other projects are the new deep seaport, the 260km superhighway and the rice city.

    Also speaking, Commerce and Investment Commisioner, Peter Egba, said, “If you check what is happening in the world today, especially for nations that have oil as their major foreign exchange earner like Nigeria, you’ll discover that the price of the product is going south by the day and therefore we cannot continue to rely on it else our economy would suffer.

    “ And because of that, in Cross River, as soon as this administration came on board, we saw that as a challenge and think outside the box. And thinking outside the box, the government of Prof Ben Ayade decided to go into massive industrialization of the state.”

    “The garment factory is enough to generate the revenue to take this state out of the woods, when it is completed. With this, you see we have a departure already from the federal allocation.”

    Interestingly, the governor who already has over 800 aides, plans to appoint more. This, according to him, is to ensure money is shared to as many people as possible to check poverty.

    His words: “Everyday in my life I only think about the salaries of my people. That is all I do. If that is all I can achieve, let me achieve that.

    “In my own inauguration, I said no person should go to bed on an empty stomach, so that is why I focus on salary. That small insignificant salary despite our allocation seeps down to the grassroots.”

    The Kwara State Government prefers to adopt zero budgeting as its own strategy to and the aim is to cut the cost of governance by 40 percent.

    Senior Special Assistant on Media and Communications to Governor Abdulfatah Ahmed, Dr Muyideen Akorede said that consequently, government has placed restriction on the number of political appointees compared to Governor Ahmed’s first tenure.

    He said: “None of the parastatals in the state has a board yet. The state governor has also limited foreign travels to cut cost. A reform of revenue collection under the new Kwara state Internal Revenue Service (KW-IRS) has led to 300 percent IGR increase.

    “This has led to the creation of the innovative Kwara state Infrastructure Development Fund (IF-K) which is funded from IGR without reliance on federation account.

    “The state government has equally cancelled sponsorship pilgrims to Mecca and Jerusalem; ditto distribution of rams at Ileya festivals.”

    The Osun State Government on Thursday introduced Economic Development Levy (EDL), to be paid by business owners.

    Mr Dayo Oyebamiji, Acting Chairman, Osun Internal Revenue Service (OIRS), told reporters in Osogbo that the EDL was introduced by the Federal Government last year, permitting all the states across the federation to increase their Internally Generated Revenue as part of the efforts to find lasting solution to the current economic meltdown.

    He said the state officially launched the level programme on Wednesday to expand its revenue base.

    He said the agency had recruited well-trained officers that would be moving round the state with Point of Sales (PoS), machines to fast track quick collection of levies so as to curb multiple and unlawful levy payment.

    Governor Abubakar Sani Bello of Niger State slashed the salary of political appointees by 30 per cent and minimized official trips.

    There are no longer elaborate government functions. All such are now low key.

    The use of local contents for projects is actively encouraged to keep as many youths as possible engaged.

    Like Governors Obiano of Anambra State and Ikpeazu of Abia ,Governor Kashim Shettima of Borno State is also said to have anticipated the fall in the oil price and prepared for it.

    His Special Adviser on Communication and Strategy, Mallam Isa Gusau said: “Gov. Shettima has already saved enough, planned and anticipated it. So it did not come as a surprise to him.”

    He said government currently saves between N500 and N600 million in a month following its war on ghost workers..

    Gusau also said government has zero tolerance for unnecessary trips.

    He said:”Gov. Shettima’s has never embarked on any frivolous trip. Most of his travels are strategic and are aimed at bringing benefits to the state. Gov. Shetimma has at no time travelling out to go and rest.

    “If it is rest, Shettima has more time to rest in Maiduguri than Abuja or any other place because he controls the environment here. But he cannot control that when he is outside the state.”

    In neighbouring Yobe State, Abdullahi Bego, Director of Press and Information Affairs to Governor Ibrahim Gaidam said that apart from reducing the number of ministries and commissioners, budgetary spending has been slashed by as much as 50 per cent.

    His words: “Yobe is one of the hardest hit states by the economic recession because recession set in as Boko Haram was easing out after devastating the state for nearly five years.

    “Boko Haram had wrought so much destruction and the state government had to devote a lot of resources to rebuild and help victims recover.

    “To cope with the recession, therefore, the Yobe State Government had to adopt a number of cost cutting and other proactive measures to balance its finances and ensure that it keeps afloat.

    “First, the number of ministries was reduced from 21 to 15, saving several millions of naira in salaries and allowances to commissioners and other political appointees. The measure also ensured that projects and programmes and prioritised and those not needed or duplicative are excised.

    “Second, the State Government had also put on hold several political appointments, including those of over 200 senior special assistants and special assistants to the governor. The number of special advisers to the governor was also pegged at 10 even though the state assembly had given clearance for the appointment of 15. All of this had saved the state over N250 million annually in salaries and allowances.

    “The State Government, to cope with the recession, had also cut down on unnecessary expenditure in order to allocate resources more sensibly to areas where they are most needed.

    “Running costs of ministries, departments and agencies were also slashed by 50 percent on a monthly basis. This is not only designed to save money but also to ensure that MDAs can function effectively by using resources with much more circumspection.

    In Bauchi State,Governor Mohammed Abubakar reduced the number of ministries from 24 to 16.

    To run them are 16 commissioners and 18 permanent secretaries.

    The govenor’s spokesman, Mallam Abubakar Sadiq said political aides are no more than 100 compared to the over 2000 in the last dispensation.

    “Apart from members of the State House of Assembly for whom the government bought new,all other government officials are using old cars retrieved from operatives of the last administration headed by then Gov.Isa Yuguda,” he said.

    “Local government chairmen and their councillors will now be paid their salaries from the revenue they will internally generate.That is not all,as a result of the economic recession,Bauchi state government is diligently pursuing vigorously the Verification exercise,to save cost from the ghost workers and this exercise has started yielding good results”.

     

  • Economic recession is an opportunity to explore agriculture -Landmark varsity V-C Aize Obayan

    Economic recession is an opportunity to explore agriculture -Landmark varsity V-C Aize Obayan

    The Founder of Living Faith Church Worldwide, Bishop David Oyedepo, clocked 62 penultimate Tuesday.  Landmark University (LMU), Omu Aran, Kawara State, which Oyedepo established in 2011, embarked on the distribution of education materials in schools in Omu Aran neinbouhoods as a sign of the founder’s large heart. In this interview with ADEGUNLE OLUGBAMILA, the Vice Chancellor of LMU, Prof Aize Obayan, speaks extensively on the founder’s vision for LMU and how the university is living the vision in its five years of existence. Excerpts: 

    vc1Despite government’s lack of commitment or regard for agricultural development, what has stoked the fire in the founder’s quest for agrarian revolution through Landmark University?

    I will describe the drive as a visionary thrust in the sense that the black man has for too long been equated with lack, poverty and everything that will place him at the mercy of donor countries. Africa and Nigeria in particular have been blessed with enormous resources, but this has not translated to wealth.

    We have seen it with our (black) gold. We have the crude that we refine and sell abroad, but the price of our black gold is determined outside of us.  We are disempowered.

    Nigeria is blessed with arable land. Anytime I travel around, I see massive sprawling land filled with grass, weed and wild plants. When you travel abroad, it is the opposite. This cannot continue to be so. It is not in line with the vision of Landmark University.

    Going back to 2011 groundbreaking day when Landmark foundation stone was laid, what the Chancellor stated then was that God asked him to drive the pursuit of an agrarian revolution in addition to running various programmes in the university. However, with the natural endowment, it’s about what Landmark is able to do in ensuring that nobody goes hungry. God has endowed us with land, so we do not have to perceive everywhere as bush. So Landmark is able to build capacity through courses, research and product development.

    So how did the founder derive the vision?

    Before he started, he thought of countries that were doing this and Israel came to mind. So some academic board members and the Council that was in place at the inception of LMU were made to visit Israel to see how much land they have despite that it’s a desert area. Interestingly, Israel has been one of the largest food exporters till today.

    A hungry man is not a dignified man. So we cannot talk of a dignified people if their basic needs are not being met. Government is not doing enough in feeding her people well, but we believe no Nigerian should go hungry. With our natural endowment, people should not be seen rummaging dustbin for food

    Could you shed light on the innovations with which Landmark is operating agriculture?

    We are not conservative. It’s not about the way our forefathers tilled the ground. For instance, we look at how a production engineer can conceive developing products that will help us have better yields. How can Agricultural Science laboratories test the soil to know that it will grow well? Are we able to know what are indigenous in our immediate environment? How we can impact this on the local farmers so that mindset and practices also change? Are we able to raise the next generation of leaders who will be agric practitioners? Many of our young persons equate going into agriculture with implements that will make them look like menial workers. It doesn’t have to be so. We are talking about new vistas in agricultural practice.

    Why does Landmark insist both students and workers must own and operate a farmland on the campus?

    Simple! The founder believes that Nigeria is so blessed with land and if everybody should have a small farmland at the back of his house, then you are able to grow your own lettuce, cucumber, vegetables and all that, thereby you don’t even need to rely on what is taken to the market. Once that is achieved, there will be a glut and prices of foodstuff will be forced to come down in the market. We are then able to be sufficient in food and securing the future in such a way that food security is something that is achievable.

    This is also tied to ensuring we have a robust and healthy population which also forms a segment of the Total Man Concept that we inculcate in our students here. Another thing that drives the Founder is that right from here (Landmark) Nigeria is able to grow her own food without waiting for what is important.  The Founder believes God has endowed every nation with what is indigenous to them.

    We don’t need to import turkey and chicken because those things that they need to nurture them are available here. Some of these imported items had been preserved with chemicals and their consumption by us brings in more diseases that are never associated with us in this part of the world. But by the time we produce such things here, based on our understanding of the kind of soil and the ecosystem, makes the value chain a lot easier as we do not need to go into preservation.

    What is the mode of agricultural practice in Landmark?

    Every student in Landmark is involved in agricultural practice regardless of their discipline. Every staff is also involved.  For instance, I have my own farm not very far from where I live. As a leader, I also must show the proof of my engagement with the vision. I grow tomatoes, garden eggs, carrots, vegetables, maize and okra. It might interest you that for about a year, I have not gone to the market to buy okra. The okra I grow is fresh with no chemical fertiliser.

    The beauty of being with nature and of planting things and being able to grow can sometimes be awesome. When tomatoes were expensive, I was harvesting the ones in my farm and it could sustain me. The Fadama rice that we planted in September last year, we began to harvest it by November and we sold a lot during the Yuletide. And from one hectare, which initially is a project from teaching and research farm, we have expanded across the university gate to two hectares. The Commercial Farm, which is quite a large area, has also taken off.

    This year, we are sure we will have a lot of rice. This year is very encouraging as we embark on our Marketgelism project. This simply means marketing products from Landmark, and it is not just left to chance. We are looking to see how our students understand that beyond planting and harvesting, the marketing and packaging are also there. So we are talking about the entire value chain in agricultural entrepreneurs.

    In another instance, we have a cassava processing plant. It is not about planting cassava, but how you process it. How do you conduct research to know which of the varieties has more starch, quick yielding or do well around here? And how do we bring in out grower to sustain it? With that, we are also impacting on the rural development. So the Agric Extension and Rural Development programme in the College of Agricultural Science of LMU is already reaching out to local farmers who will be trained. We will get our cuttings and that way, they sell back to us because we are in control of the varieties that we want.

    We are also encouraging faculties as well if they can farm on the faculty’s expanse of land. Acquisition of land by Landmark is still ongoing. We have a massive long term plan beyond here. We have a large expanse of land at Eleyin just as you drive out of Omu-Aran. Landmark has also acquired another land in Agbonda. But beyond that, we are also focusing on skill acquisition for local farmers and training is part of it.

    What are some of the contributions Landmark is making to the development of its host community?

    There is this research project on chicken genetics. It’s an African project and one of our faculties won an award to be involved in that. They will get special breed of chicken and find a local community to distribute these chickens to. That way, they are able to engage the communities in raising chickens that are indigenous to this environment. That way, they are able to raise their own and we let them know what to feed them so they can get returns from whatever they have invested.

    The Agbonda project is to be able to look at history of farm settlement. The Eleyin Project is to see how farm settlement can evolve so that when  these farm settlements evolve, they can keep these persons on the farm, so that community health centres and schools for children of these farmers, including other facilities, will come up and automatically make those areas self sufficient.

    There have been infiltrations of Fulani herdsmen in farmlands across certain areas. What is the university doing to guard against this?

    It is simple. We make them (Fulani herdsmen) see themselves as stakeholders by involving them. When you know that someone could be a part of a problem, you bring him in and make him a part of the solutions. So rather than moaning that they are a challenge, we have taken them as a part of the entire work. We are also looking at how to bring them on board so they can look beyond the grazing to having a ranch.

    Cows that do well in terms of dairy are the ones fed fat. We don’t have to rear cattle that are grazing and going several kilometres. That does not really lead to quantity, yield and care that you expect from these animals when compared to the very robust ones from Australia. If they get them (herdsmen) a ranch fortified with hay and straw fortified with vitamins, that might be a new beginning.

    It’s about intentional effort in terms of doing it differently. It’s about letting these people see that more can be got in terms of what they have always had, and getting them to understand that nobody is taking what they have from them; and ensuring that you secure their trust. So far, we have ensured a peaceful co-existence among these people.

    Landmark University had its third convocation in August. So far what are the feedbacks from past graduates?

    The feedbacks have been quite encouraging. A good number of them have created their own jobs. Some have started their own farms. We have a number of them willing to take up appointments here, particularly those with first class degrees.

    We heard that the director Aerospace institute National Space Research and Development Agency (NASDRA) recently visited Landmark, and how joyful and validating it is to see that one of our students is really doing well there. Besides, NASDRA is looking at how they can open up the place for more of our graduates who we fondly call pathfinders.

    As at today, we have graduated up to 1,555, and it appears that many of them have been able to get into paid employment. Some of them wish to come back for their post graduate programmes, even though we have not yet started. But we are in touch with the National Universities Commission over that.

    We are also in touch with employers. The alumni body of Landmark has just been instituted, even though we have only had three sets of graduates. They are very much involved in what is happening here. Some of them were here during the last convocation. Management has also worked out regular meetings with the alumni base. Management also plans to set up alumni office so as to engage and keep them abreast of what is happening here. The management engaged some of them during the 62nd birthday of the founder.  They were part of all the things we did.

    Recently, we recruited some of them. One of our first class graduates, Esan, is returning to his Civil Engineering as an Assistant Lecturer.

    Your sister institution, Covenant University, places priority on leadership training of its students. Is the tradition replicated here?

    That will always be with any arm of education mandate of the Living Faith Church Commission. There is this mindset of going out to take charge. So whatever you have seen in Covenant University is being replicated here and is very much entrenched in the overall curriculum.

    For example, it is embedded in our Total Man Concept, ditto for the expectations we have of every student. We see every student as being raised to go out and be a global leader, and not only in the Nigerian context. We also have regular charges from the Chancellor and management investing heavily in regular orientation programmes and ensuring that beyond certificates, students understand how to apply that which they have learned.

    From a spiritual perspective, we charge them to be the light of the world and salt of the earth. It is about raising men and women of impact and being clear about the purpose of their lives and what calling they are responding to. Interestingly, just like CU, the Landmark curriculum is to engage you towards what God is calling you to do.

    When you talk, you hardly mention challenges. Does it mean that there are no encumbrances at all?

    We set our goals and this is part of our being able to drive the vision. As part of that programme, one is in touch with regards to what one calls first feels. I do believe that challenges are part and parcel of the entire package. Challenges are meant to be overcome, and the mindset of a leader is the ability to discover problems and solve them rather than bemoan them. With that mindset, you have the overcomer mentality. Such challenges therefore become a springboard.

    As challenges come, we identify and address them immediately. At the end of the day, you find out they are simply not there anymore.

    We anticipate and second guess largely what could be challenges. For instance, it is obvious many youths today hardly express interest in agriculture because of who will employ them when they graduate? Many are waiting for government jobs but nobody thinks that they can go out there, get their own products and be a part of the value chain in terms of the entire process.

    So what did we do? We sat down and rolled out 50 per cent rebate from the proprietor base and recently 100 per cent full scholarship for the very best that meets certain grade points. That way, we get the very serious ones going into a sector that is not highly subscribed; and then you are also helping to cover up tracks in terms of shortfall in persons.

    Besides, there is a lot the private investors can do because government cannot do everything. We all know that at present, the economic is in recession. But to us, recession is an opportunity to see what we can learn and fast track. So I believe as we talk of recession and oil failing us, our strength is embedded in the massive land God has endowed us with, only If we can do it from a research mindset, be frugal and look for indigenous practices that can be scientific.

    Can we have an example of this indigenous practice blended with research?

    For instance, during mango season here (Nigeria), we see a lot of mangoes wasted. South Africa, for example, does not grow as much mangoes as we do, but they sun or freeze dry so that when there is no mango anymore, the sundried mangoes arrive. They don’t have to use chemicals to preserve them. By the time you put them back in water, it swells up. These are indigenous ideas. Our forefathers did that (sun drying) with okra and vegetables and the values therein are not lost.

  • Recession: Experts proffer solutions

    Recession: Experts proffer solutions

    The economic recession foisted on Nigeria by the persistent low crude oil prices has continued to hit harder. But, at a colloquium in Lagos organised by Centre for Values in Leadership (CVL) last week, experts from diverse backgrounds offered tips on how to pull the economy out of the jaws of recession and position it for sustainable growth and development. Assistant Editor CHIKODI OKEREOCHA who was there reports.

    It was packaged to honour the duo of first civilian governor of Lagos State, Alhaji Lateef Jakande, and the Chairman Board of Directors, Institute for Policy and Economic Development, Dr. Kalu Idika Kalu, for their contributions to the development of Lagos State and the economy.

    But beyond the razzmatazz of the 35th Leader Without Title (LWT) Leadership Tribute Colloquium in Lagos, last week, was an equally germane issue of how to turn the economy around. At the event, organised by the Centre for Values in Leadership (CVL), experts from diverse backgrounds brainstormed on how to save the economy and Nigerians from the jaws of recession.

    From leveraging economic diversification to human development as well as tinkering with the constitution, experts, who spoke at the colloquium held at the Nigerian Institute of International Affairs (NIIA), with the theme, ‘Public life and reforming the economy and society’, said the need for continuous reforms have never been more imperative.

    Moderating a panel discussion on the theme, CVL CEO/Founder Professor Pat Utomi said there was the need to move the economy forward through reforms, which must be a continuous process. And to achieve this, he said there was the need for quality public dialogue.

    According to him, Nigeria does not have active think thanks to dialogue and chart the way forward. “Our leaders fear thinking people; that is one of the challenges the nation has,” Utomi pointed out.

    The CVL Founder lamented what he described as “Nigerian leaders’ penchant to impose their ideas on the rest of us. Why do Nigeria’s leaders fear conversation?” he asked, insisting:“We must dialogue a great deal if we want to move forward.”

    The university don observed that the good brains have long been excluded from leadership by a group of young military men who have held Nigeria captive for 50 years, directly or through surrogates when crisis of legitimacy pushed them away.

    Utomi was not done. He observed that the way Nigeria is going, her growing population, particularly the youth constitutes one of her biggest challenges. He, therefore, said: “We need to invest in the youths, the younger generation to make them reap the democratic dividends the way China and India invested in their large populations and transformed them into assets.”

    His observation was in sync with that of Senior Partner, Olisa Agbokoba Legal, Dr. Olisa Agbakoba (SAN). Agbakoba, one of the discussants, said one of the viable tools to bring Nigeria out of recession is creative borrowing to fund public works. According to him, there was the need to expand the Gross Domestic Product (GDP) by at least 10 per cent in the next five years to be able to cater for the growing population.

    As Agbakoba pointed out, “A situation where only about 10 per cent of Nigerians control the commonwealth at the exclusion of 90 per cent of Nigerians most of who are youths portends grave dangers.’’ He said, for instance, that the growing number of unemployment youths who have no access to basic necessities of life was a time bomb waiting to explode.

    He noted that apart from the urgent need for deliberate policies to create jobs for the teeming unemployed, there was need for political and economic federalism. Hear him: “We lie when we say we are a federal state. We are a unitary state run by crooks and vagabonds who have taken over.” He argued that until Nigeria has a people-oriented constitution that would make Nigerians hold the government accountable to them, the country will not get anywhere.

    The SAN emphasised that Nigeria does not have a constitution made by Nigerians, as all the constitutions have been imposed on the people either by the colonial masters or the military. “The big reform must be a constitution that the people give,” he stressed.

    Executive Chairman, Phillips Consulting, Mr. Foluso Phillips, who was also a member of the panel, said the envisaged change that would pull the economy out of recession must be driven by the private sector.

    “There is already a paradigm shift that government must partner the private sector to make the economy work,” Phillips noted, adding that there was the need to transform the civil service to attract foreign investments.

    The Nation learnt that foreign investments have been drying up as investors shy away from Nigeria in the wake of the economic downturn forced by persistent low crude oil prices. The collapse of oil prices from about $112 a barrel in 2014 to less than $50 at present is said to have pushed the economy into a recession, which put tremendous pressure on government’s finances.

    It could not have been otherwise. With crude oil sales accounting for 70 per cent of government income and 90 per cent of export earnings, experts say that government must aggressively pursue diversification and human development  to quickly recover from the recession.

    They note that this could be done by tapping the nation’s abundant mineral resources. Some of them, who spoke at the colloquium, also advised the government to pay more than lip service to agriculture by supporting rural farmers with soft loans and input. These, according to them, are necessary to move the country from being import-dependent to exporter of products.

    The goal of LWT was to inculcate in the next generation of leaders the spirit of service and self- sacrifice as exemplified by the honourees, namely Jakande and Kalu. According to Utomi, the programme was in keeping with the Centre’s commitment to celebrating outstanding sector leaders for their special contributions in the sector where they worked, and encouraging the younger ones to emulate their virtues.

    The LWT Leadership Tribute Colloquium honours those who are 70 and above and have left a mark worth emulating. The programme honoured Jakande and Kalu on their 87th and 77th birthdays.

    Utomi said, for instance, that as Lagos State governor, Jakande deployed methods quite unusual thus providing evidence of personal commitment to service. “The lessons from Jakande’s unconventional but impactful ways in dealing with education at a time of significant population growth in Lagos constitute part of a germane legacy,” he said.

    The CVL founder also said that as former Minister of Finance and Economic Planning, Idika Kalu was active in seeing the challenges of the public service struggling to manage change. Describing Idika Kalu as “an intellectual and policy activist,” he said his (Kalu’s) reflections on the challenges of public service were instructive.

  • NB Plc, entrepreneurs fight recession

    NB Plc, entrepreneurs fight recession

    The Nigerian Breweries Plc and entrepreneurs have found some refreshing ways to tackle the economic recession. The breweries gave out N250,000 to each of 30 persons who own small businesses. The gesture was aimed at boosting those businesses in the hopes that if they get the expected lift, the brewers will have helped to fight the present recession of the economy. Given the fact that a man supports no fewer than four persons in the country, the NB Plc gesture will go a long way in relieving many families.

    Those 30 entrepreneurs got their funds through a live radio phone-in programme tagged Life Progress Business Booster show organised by NB Plc. The live show was conducted in Igbo, a way to stimulate the usage of the language said to be facing extinction. The audience spanned the entire Southeast.

    The entrepreneurs themselves should be hailed for their business ideas. Some make cocoyam flour, some ice block machines, some locust bean spice called ogili in local language.

    They presented those ideas in a contest and 30 of them won.

    The winners said the cash prizes were a godsend, coming at a time when the country is facing recession and focusing on diversification of the economy. They promised to use the cash to improve their businesses, promote made in Nigeria products as well as jobs for people roaming the streets.

    They described the process of the contest as transparent and one that took the grace of God to see them through judging by the number of people that participated in the exercise.

    One of the winners Madu James, an Imo State indigene and graduate of Economics from Nnamdi Azikiwe University (NAU) Awka, Anambra State, said years of searching for white collar job left him frustrated.

    “I have been writing applications for job and yet none was coming over the years. I attended Nnamdi Azikiwe University, Awka, Anambra State where I studied Economics and graduated in 2013.  I feel fulfilled with the cash reward and my joy is now complete because this is what I have been praying and dreaming to get but it has not been coming forth.

    “This is not the first time I am submitting business plans. I have written so many plans and none saw the light of day until this very one. I will use the money to set up the business for which I submitted the proposal. The money actually won’t be enough, but I will use the one I have to set up a business. And as the business grows, I hope to employ more people according to my profit margin. I am looking at employing about 40 persons within two years or more,” Mr. James stated.

    James describing the cocoyam powder as a good soup thickener for local delicacies including bitter leaf and Oha soup and amongst others said that the price will be affordable to all class of users while the raw materials will be sourced locally even as he hopes to export the product to other parts of the world where users of the product resides.

    He called on job seekers to try and learn how to be self-dependent and be job providers instead of relying solely on the government for job provision.

    In an interview, Mr. Agu Emmanuel, Portfolio manager for Mainstream Lager and Stout for Nigerian Breweries PLC said that the 3rd phase of Life Progress Business Booster show is part of the company’s contribution in promoting entrepreneurship using indigenous language; Igbo of the people of Southeast where the product brand is brewed and majorly marketed.

    Mr. Emmanuel said the entrepreneurs must speak Igbo and communicate their business ideas in clear Igbo language.

    “It is a yearly event,” he said. “What we did is to keep the amount constant, but increase the number of the people. The more the merrier. We rewarded 50 people across the southeastern states last year and this year we are giving out 250,000 to 200 persons across the five southeastern states. It is because we want to continue touching people’s life positively that we are using this brand to reach our numerous consumers and members of the public.

    “What you are seeing today is the result of Life booster radio programme and we are very conscious about making sure that we have a fair distribution across the states so that there will be no single state that will dominate in terms of having all the winners coming from there. And that is why when we look at the people we are going to reward through the radio programme, we look at our data base to check whether we are still within those fair balance and then, we make provisions for on the ground submission of business ideas where we can reward people.”

    On why the concentration is on Southeast, Emmanuel said, “The choice for southeast was berthed because the brand has its root from the southeast. You know that Life has a brewery in Onitsha and it is a brand that we are marketing from a regional perspective. We positioned Life for Southeast and positioned Goldberg for southwest.

    “Yes, it could have its footprints in other locations, but we can’t deny the fact that it originated from the southeast and that again because we need to be concentrated in what we are doing so that we can ensure that we are less focused in what we are doing.”

  • Buhari to face National Assembly on way out of recession

    Buhari to face National Assembly on way out of recession

    The Senate yesterday concurred with the House of Representatives’ resolution to invite President Muhammadu Buhari to brief members on plans to bail the country out of recession.

     On September 22, 2016, the House passed a resolution to invite the President to intimate members on government’s plans to end the recession.

    Entitled: “Concurrence to House resolution,” the motion seeks to “Invite the President to address a Joint Session of the National Assembly to intimate it on plans to get the country out of recession to enable the House take further legislative action.”

    Although the motion was not debated, Senate President Bukola Saraki sought the approval of the Senate to concur with the House resolution.

    The adoption of the resolution was unanimous.

    However, no date was given for the briefing, as the President need to be consulted on a convenient date.

    Last week, the Senate outlined a 20-point resolution on what should be done to make the recession shortlived.

    Saraki submitted the resolutions containing the Senate’s position to President Buhari.

    Part of the submission was that the proposed sale of some national assets be dropped.

     The Senate “urged the executive to ensure constant meeting of fiscal and monetary authorities for harmonisation of all policies, particularly lower interest rates for genuine investors in the real sector as well as medium and small scale farmers and processors.

    It said “government must engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid escalation of the unrest in the region and ensure protection of Nigeria’s oil and gas assets to facilitate increase in oil production and boost revenue.

    “That the President should as a matter of urgency, appoint a senior special assistant to lead a team that coordinates the government’s engagement with stakeholders in the region, specifying that the team should include senators from the zone.

    “The President to reconstitute the Board of Central Bank (CBN) and l other critical agencies in order for them to operate in accordance with enabling laws.”

    The Senate adopted the recommendation seeking the amendment of Section 162 of the Constitution to make it possible for the Federal Government to save for the rainy day.

    It asked the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) to harmonise the Federal Government’s financial and monetary policies as one way to bail out the country from recession.

    The Senate urged the Executive to negotiate external concessionary borrowing to finance deficit in the 2016 Appropriation Act.

    After a two-day debate on recession and the way out, the Senate recommended;

    “The fiscal and monetary authorities must harmonise all policies that lower interest rates for investors in the real sector and small/medium scale farmers.

    “The Federal Government should negotiate foreign concessionary borrowing agreements to cover shortfalls in the 2016 budget and the government’s infrastructural development programme.”

    Other measures that can help reflate the economy,  the Senate said, include payment of debts owed contractors, settlement of salary arrears and pension obligations.

    The Senate urged the Federal Government to utilise pension and insurance funds to finance long-term capital lending for agriculture, industry and housing projects.

     “The Federal Government should ensure the payment of genuine domestic debts owed to local contractors, who have completed their jobs, settle all salaries and pension liabilities and leverage the use of pension and insurance funds to provide long-term capital lending for agriculture, industry, and housing projects.”

     “The Federal Government should re-tool its export promotion policies scheme with export incentives as the Export Expansion Grant (EEG) and the export financing initiatives,” the Senate added.

  • Recession: ‘Nigeria will come out stronger‘

    Speaker of the Niger State House of Assembly Ahmed Marafa has expressed confidence that Nigeria will come out of the recession better and stronger.

    Marafa spoke in Minna yesterday while welcoming lawmakers from recess.

    He urged the people to be patient with the government on matters relating to economic development.

    The Speaker, who stressed the need for continuous prayers for the recovery of the country, said: “Indeed, there is light at the end of the tunnel as Nigeria will surely come out stronger and better with a more prosperous economy.”

    Marafa assured the people that the Assembly will continue to partner the executive by passing laws to provide palliatives to cushion the effects of recession.

    He reiterated the need for lawmakers to deepen their commitment to their assignments, calling on committees to expedite action on bills and motions referred to them.

    The House of Assembly resumed yesterday after a two-month recess.

  • SMEs worst hit by recession, says WorkPlace chief

    SMEs worst hit by recession, says WorkPlace chief

    WorkPlace Plus Limited will continue to promote small and medium enterprises (SMEs) in the country by offering wide range of business support to emerging enterpreneurs as economic recession takes toll on their operations, its Executive Chairman, Mr. Ayo Akinmade, has said.

    Speaking at a press conference in Lagos on plans by the organisation to expand its footprints  in the West African sub-region, he said the firm has wide initiative to boost SMEs across the country.

    He said current economic situation has posed serious challenge to enterprenuers running businesses in the country with economic recession ravaging the country.

    According to him, WorkPlace Plus is the operators of the Regus franchise in West Africa which provides serviced office spaces, and a host of other office solutions to global and local businesses.

    The firm he explained was formed about a decade ago and the objective at the time was to approach Regus, a world leader in virtual offices about a franchise for West Africa.

    He said: “We needed an entity for this venture so we set up WorkPlace Plus and secured the Regus franchise for West Africa and has since been in the business of developing virtual offices in Nigeria and Ghana.

  • Recession: Northern youths want CBN Governor sacked within 21 days

    Recession: Northern youths want CBN Governor sacked within 21 days

    Group under the auspices of Northern Youth Council of Nigeria (NYCN) has called for voluntary resignation of Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele within the next 21 days or do something to put the nation’s economy on the right track.

    They said though they were not economists but they are aware that economy of the country is in shambles with foreign exchange rate worst in recent times, calling on President Mohammadu Buhari to look for people with technical know-how to join him to fix the economy before it gets out of hand completely.

    President, NYCN, Comrade Isah Abubakar in a statement on Wednesday noted that lack of economy and financial direction have increased poverty rate in recent times from 60 per cent to 75 per cent with attendant consequences that have increased number of impoverished Nigerians to about 120 million.

    The statement read in part: “after watching with keen interest the present economic hardship in the country, we are saying no thanks to CBN Governor who has not been able to come up with any plan that can take us out of the wood as head of our financial body, we at NYCN while supporting the administration of President Mohammadu Buhari are saying we are not happy with his economy team hence the need to look inward for better hands.

    “We now pay as high as about N500 to a dollar. This has brought serious hunger and hardship on our people because most of what we eat are imported and are been affected by high foreign exchange. Inflation has increased from 7 percent in 2013 to 17 percent in quota 4 of 2015 and quota 3 of 2016 which bothers the CBN Governor and Finance Minister, Funke Adeosun agreed to the fact that economy is in trouble.

    “Unemployment is another problem as it has soared to 24 percent at a period when millions of beverages, tobacco, banks and hospitality sector workers have been added to already saturated Labour market. Small and medium scale enterprises that were coming up are folding up as they can not bear the exchange rate that has sky rocketed beyond their reach.

    “This has show total failure of the CBN governor and he has proved his total incompetence to manage Nigeria economy. It is to this regard we demand for his resignation as the CBN governor and urged Mr President to appoint a competent hand not minding where he comes from, his ethnicity, or religion background. We only need someone with sound economics nitty-gritty who can manage our delicate economy. This is because we demand nothing but a better Nigeria.

    “Failure of the CBN governor to voluntarily resign or put the economy in the right track within the 21-day of this ultimatum, NYCN will be forced to organize and mobilize mass protests in front of the CBN headquarters in Abuja”, the statement added.

    The statement however called on All Progressives Congress (APC) led government at various levels to stop playing blame games and work for people that elected them into varying offices they are occupying, noting that they were voted in to effect positive change the country needed and not to keep complaining.

    “We know we are not broke. It’s just that only few cabal and multi national companies are holding it. The time to work is now”.

  • Recession: EU chief advises Nigeria to devalue Naira

    Recession: EU chief advises Nigeria to devalue Naira

    European Union (EU) official Fillippo Amato yesterday advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession.

    Amato, Counsellor, Head of Trade and Economics Section of EU, stated this yesterday in an interview with the News Agency of Nigeria (NAN).

    The EU official said that recession could not be addressed with traditional development tools.

    He said the recession was a recent development which was due to a number of factors, including the fall in oil prices and resurgence of militancy in the Niger Delta.

    “To come out of recession, the country has to take brave decisions, regardless of how unpopular they may be such as fully and effectively devaluing the Naira.

    “Devaluing the Naira is a measure, which will finally reassure investors and attract new capitals to the country.

    “At the same time, it will further reduce imports, thereby removing artificial forex restrictions, and removing any potential waste of scarce resources such as the fuel subsidy.

    “Improving security (in the Northeast and Niger-delta) and ease of doing business are also key factors on which the government must urgently work to re-launch the economy,’’ he said.

    Amato said that EU had been at the forefront of aid for trade support activities in Nigeria and ECOWAS.

    He said the most important programme the EU was implementing in Nigeria with its partners – GIZ, DFID/Adam Smith International and UNIDO – was the Nigeria competitiveness Support Programme.

    “The programme aims at improving the quality of Nigeria products to comply with international standards.

    “The programme is providing capacity building to several Ministries, Departments and Agencies such as Ministry of Agriculture, Standards Organisation of Nigeria, Consumer Protection Council, Nigerian Customs Services and NADFAC.

    “We support the trade institutions in the formulation and implementation of a sound trade policy (support to the Federal Minister of Industry, Trade & Investment, and Nigerian Customs Service).

    “This is to improve the business environment, with pilot projects in Kano and Kaduna to improve the procedures for obtaining land titles, and business licences,’’ he said.

    He said Nigeria also needed to take advantage of the devaluation of its currency by diversifying its sources of foreign exchange revenue and this mainly through boosting its non-oil exports.

    Amato said that EU would increase its support to the country under the Economic Partnership Agreement (EPA) if ratified.

     

    “EPA aims at boosting industrialisation and sustainable development of West Africa, both through improved (predictable, transparent and long-term) trade relations and through a development cooperation component.

    “In addition, on Sept. 14, the EU has launched a European External Investment Plan which will further support private sector investments in the African continent, including Nigeria.

    “The plan will support investments in the continent by providing targeted guarantees and ameliorating the investment climate and the overall policy environment in partner countries.

    “The Plan will be implemented through the new European Fund for Sustainable Development, with EU funds totalling 3.35 billion Euros until 2020.

    “The EU Funds are expected to mobilise up to 44 billion Euros additional investments,’’ the official said.

    He, however, advised Nigeria to take into consideration all the opportunities the EPA would offer to Nigeria and communicate them to all interested stakeholders.

    “The role of the government is also to reassure all stakeholders that there is no reason to be worried in the course of implementation of the EPA.

    “The government will use all instruments offered by the EPA to ensure it will achieve its objective to promote industrialisation and development of Nigeria and West Africa.

    “The EU will do its part to ensure these objectives are achieved,” he said.

    According to him, in a globalised world no country or regional community can ignore the destiny of its neighbours.

    “The EU, in particular, due to its historic ties and geographic proximity to West Africa, has a strong interest in promoting and supporting West Africa’s development, well-being, prosperity and stability.’’