Tag: Shamsudeen Usman

  • NOUN unveils Olusegun Obasanjo Centre for African studies

    The National Open University of Nigeria (NOUN) has unveiled its newly redesigned Olusegun Obasanjo Centre for African Studies (OOCAS).

    Mr Ibrahim Sheme, Director, Media and Publicity, NOUN, disclosed this in a statement issued in Abuja on Saturday.

    Sheme said during the unveiling, the Vice-Chancellor, NOUN, Prof. Abdalla Adamu, said the institution would continue to make efforts at ensuring that it remained among the topmost educational institutions engaged in cutting-edge research.

    Adamu said the centre, formerly known as the Olusegun Obasanjo Centre for Good Governance, was redesigned to widen its scope to meet with happenings in the contemporary society.

    He added that it was also  redesigned  with a view to creating more avenues to research more on Africa as a whole.

    READ ALSO: NOUN gets new Deputy Vice-Chancellor

    Adamu said the centre was open to collaboration with local and international scholars willing to dissect Africa, towards the goal of producing cutting-edge research that would showcase the African story.

    Prof. Stanley  Ngoa, Director, OOCAS, revealed that the centre had  already swung into action, with various collaborations with research bodies within and outside the country.

    Ngoa said the key areas of focus for the OOCAS included African Leadership and Development, Food Security and Agricultural Research, Health in Rural Nigeria; Infant and Maternal Mortality, among others.

    He said those involved in the centre included former President Olusegun Obasanjo, whom the centre was named after;  veteran journalist, Mr. Ray Ekpu and a former Minister of National Planning, Dr. Shamsudeen Usman.

    Others are Professor Baz Dreisinger, the founder of the Prison to College Pipeline in the United States, Prof. Toyin Falola, a reputable authority on African Studies, as well as other reputable scholars in different fields of endeavour.

    According to Ngoa, a website for the centre will soon be launched.

  • We’ll invest N1.3tr annually on infrastructure  – FG

    We’ll invest N1.3tr annually on infrastructure  – FG

    In order to attract investors to the country, the federal government has said that it will continue to invest about N1.3trillion annually on capital projects to bridge the infrastructure gap.

    Minister of Finance, Kemi Adeosun, who disclosed this in Abuja when  a consortium of 20 international investors led by a former Minister of Finance, Shamsudeen Usman, visited her.

    According to her, “government invested about N1.3 trillion on capital projects last year (2016) to develop roads, rail, power, housing and all the infrastructure government thinks would be needed to unlock this huge economy,” the Minister said. “Hopefully, the figure would be around the same for 2017 and 2018.”

    She said government’s commitment to solving the infrastructure challenges in the country was firm giving that one of the cardinal focus of the administration of President Muhammadu Buhari is to address the infrastructure deficit in the country through targeted spendings at projects that would unlock the economic potential of the country.

    The visiting consortium was made up of representatives of investment, capital and equities firms from London, New York, Miami, Johannesburg and others some of which buy Nigerian bonds and equities as well as those providing advisory services to clients on the foreign direct investments (FDIs).

    Adeosun described the level of interest from foreign investors in the Nigerian economy as huge, adding that very soon, these interests would translate into massive investments that would create jobs and reduce the level poverty in the country.

    She said a lot of the projects currently being handled by government were abandoned for over 10 years, pointing out that Nigerians were beginning to feel the impact of government efforts in terms of infrastructural development.

    She noted that this is “a great time for investors to be in Nigeria. For us these are better times now than last year because finally we think that we are beginning to address through deliberate policies some of the most stubborn problems that have held back Nigeria’s growth.

    Apart from undertaking difficult adjustments in fiscal policies, she said the Finance Ministry was focusing on revenue, particularly how to move the country’s tax to GDP ratio from six percent to an initial target of 10 per cent and in the medium to long term to about 15 to 20 per cent.

    With the seriousness demonstrated by government to develop infrastructure in order to unlock the potentials of the economy, the finance minister said several companies have been coming to inquire about the prospects of opening factories and land for agriculture.

    Although she did not give specific details, the Minister said the visitors included major cassava processing firms from Brazil and Thailand who have asked for between 10, 000 and, 20,000 hectares of land for cultivation and processing of cassava.

    The leader of the delegation and Managing Director, Global Chief Economist, Renaissance Capital, Charles Robertson, told the Finance Minister that the collective worth of investments by the various firms in the consortium was about $1billion.

    Robertson said the objective of their visit was to have first-hand interaction with policy makers regarding their “positive sentiments about the country’s economy and what the outlook and investment climate is going forward.”

    He said there is a lot of optimism in the global market about Nigeria and investors have for long been waiting for positive changes in the country’s economy, it appears that the right moment has come, with investment flows rising and reserves looking up.

     

  • FG wants industrial status of Kano back

    Sen. Udoma Udo Udoma, Minister of Budget and National Planning, has advised the Kano State Government to restore the industrial status of the state as major commercial hub.

    Udoma gave the advice in a statement signed by his Special Adviser on Media, Mr Akpandem James, in Abuja on Tuesday.

    Udoma said this at the Second Kano Economic and Investment Summit in Kano City.

    He said that Nigerians would like to see the state returned to its former status as a major industrial and commercial hub in the country.

    The minister noted that under Gov. Abdullahi Ganduje, the State has continued to pursue economic policies and programmes aimed at improving the lives of the people, with particular emphasis on education and infrastructure development.

    “The Federal Government desires to see a quick restoration of the boom days that characterised Sharada, Bompai and other industrial estates in Kano.

    “There is no doubt that Kano’s leather craftsmen are some of the best in the world.

    “We must provide the enabling environment for the leather industry to grow and become a mark of quality recognised worldwide”, he said.

    The minister said that funds had been provided in the 2017 Federal Budget to provide infrastructure for the revival of the Free Trade Zone in Kano to stimulate industrial activity.

    He said that fund had equally been provided for the revival of the Export Expansion Grant by way of tax relief, as a further incentive to exporters.

    On the theme of the Summit, “Transforming the Economy of Kano: Turning Challenges into Opportunities”, he said it aligned with Federal Government’s effort in addressing difficulties and challenges of economy.

    “On our part, as the Federal Government, we have been working very closely with the state governments, particularly through the monthly meetings of the National Economic Council (NEC).

    “We have been working with NEC to ensure complete alignment in our economic programmes.

    “And of course, as you all know the ERGP was developed with the extensive consultations of the States.

    “This is one Federal Government that believes that we must work very closely with the states”, he said.

    Meanwhile, Former Minister of National Planning and Chairman of the Summit Planning Committee, Dr Shamsudeen Usman, decried the reluctance of Northern governors to constitute the region into a viable economic zone in spite of available resources.

    He said it was not too late to do so as other regions of the country were consolidating on the efforts they started some years ago.

    Usman was, however, optimistic that the Kano summit would ginger up activities in the state and region with the right political will.

  • Usman urges insurers to consolidate

    Usman urges insurers to consolidate

    Former Minister of National Planning , Shamsudeen Usman, has advised insurance operators to consolidate to grow the size of the industry.

    Shamsudeen, who is also a  former  Minister of Finance, made this known while addressing insurance operators at a forum in Lagos. He said the small size of the industry has hindered it from playing the role of a stabiliser in economic crisis.

    Citing reports from Augusto and Co., he said the balance sheet of all insurance companies is less than one third of one of the banks.

    According to him, there are certain characteristics of the insurance industry that actually make it more of a stabiliser, especially in times of economic crises like we are going through in the country.

    He said the ability of the sector to play the stabilising role depended on its size relative to the rest of the economy.

    He said: “Part of the reasons the Nigeria insurance industry has not played the stabilising role was because of the size of the industry. The balance sheet of all insurance companies is less than one third of one of the banks. This tells the issue of the size. I was a Deputy Governor in the Central Bank when the consolidation exercise happened with credit to former Central Bank Governor, Charles Soludo.

    “We went into a room and he made a presentation to the banking industry. Initially there was a lot of opposition. I remember when we were appointed to the CBN in 1999,  there were 907 banks. The total balance sheet of the 907 banks was less than one of the banks today. A 100 per cent of 1 is 1 while 10 per cent of 1000 is 100.  So do you prefer a 100 per cent of a tiny little thing or 10 per cent of a big thing, which can be 10 times the value of whatever you are getting?

    “I believe that the insurance industry itself has to be more forward looking into consolidation like it happened in the banking sector. Yes, many of you are afraid to lose your position of managing director, executive director of a small corner. But I think the industry will achieve more if you can come together and get bigger.”

    The former minister, however, said the industry has huge potential yet to be tapped.

    “The potential even from the point of view of the economics theory is that there is a strong link between the growth of an economy and the growth of the insurance industry. This has been a subject of many as even in the empirical studies in other countries, partly because of the role the industry plays in economic growth and stability through improving the investment climate and promoting more efficient volume and mix of activities. A number of researches have shown that there is a positive closer relationship between the industry and the wider economy,” he said.

     

  • The king’s goats

    The king’s goats

    President Jonathan on Wednesday sacked nine ministers. Good news? Bad news? Mixed bag? 

    King’s goat. That was an expression I heard, probably for the first time when I was a student of Ijebu-Ode Grammar School, Ijebu-Ode, in present day Ogun State, sometimes in the early ‘70s. Then, one of our students, Lekan Fenuyi, a table tennis star of global acclaim did the school proud in one of his outings and the principal declared him a ‘King’s goat’. The implication was that the young Lekan was to, henceforth; enjoy certain privileges that should accrue only to ‘kings’ goats’. King’s goats are untouchables. Many of us wished we could be like him. That has ever since been my idea of what should qualify anyone for that appellation.

    But, as it is with many things Nigerian, especially these days when we no longer have standards, we have turned many things upside down. Even when we lack the capacity to manufacture things, we specifically ask the manufacturers to produce less potent ones for fellow Nigerians. It is almost in this cynical context that I use the concept ‘king’s goat’ to refer to the sack of nine ministers by President Goodluck Jonathan on September 11. The ministers are  Prof.  Ruqayyatu Rufai (Education);   Okon Ewa-Bassey (Science and Techology);  Olugbenga Ashiru (Foreign Affairs);   Hadiza Mailafia (Environment);  Shamsudeen Usman, (National Planning); and  Ama  Pepple (Housing, Lands and Urban Development). The Minister of State for Defence, Olusola Obada, and her counterparts in the Agriculture Ministry, Alhaji Bukar Tijani and Power,  Zainab Kuchi, were also affected.

    There is no questioning whether the president has the right to re-jig or change his cabinet whenever he so chooses. Indeed, just as business enterprises or other bodies, presidents also rejuvenate their cabinets when the ministers are not pulling their weight or some of the aides have soiled their hands, or their actions or utterances are no longer in tandem with those of the government they are serving. The idea is to inject fresh blood into the system and make the impact of government felt better. On this score therefore, one would welcome the president’s decision to give the nine ministers the boot. Unfortunately, there is nothing to suggest that this was the main reason the ministers were sacked, notwithstanding the Presidency’s reasons as to why the nine had to go . Nigerians should therefore not celebrate too soon because they were the least in the calculations of the ministers’ sack.

    No doubt, some of the ministers deserve the boot; but the irony is that there are even some ministers that have been retained who ought to have been fired a long time ago. I am not sure many Nigerians are going to lose sleep because Prof Rufa’i, for instance, has been relieved of her appointment, considering the way and manner she handled the education sector, particularly the strike by the Academic Staff Union of Universities (ASUU). Again, one might argue that all she did was to articulate the government’s position on the ASUU demands; the lesson in it is that her successor as well as other ministers ought to know how to be their own in dealing with matters such as this. I do not believe whatever Prof Rufa’i did as minister, including her position on the ASUU strike, was her personal decision.

    The import of what I am saying is that if she did not agree with the government’s position, she had a right to quit, citing irreconcilable differences, or even simply quitting without giving any reasons. But here, people don’t quit; they rather wait until they are sacked. Prof Rufa’i has been sacked now and may become the fall guy in the crisis. Meanwhile, she has, according to some report, indicated she would return to her job as Professor of Curriculum Studies at the Bayero University, Kano. Will she now join the strike by her (former) kith and kin, ASUU? I cannot wait to see how she would fare in her new position and whether she would get a heroine’s welcome from ASUU.

    Quite ironically again, as she is leaving, her minister-of-state, Nyesom Wike, the one that has been spearheading the crisis in Rivers State on behalf of the powers-that-be has been promoted. Wike is now to oversee the education ministry. Could that be the reward for his ‘meritorious service’ in Rivers State, because it cannot be a reward for his stellar performance in the ministry? Even Labaran Maku, the information minister, is now to oversee the defence portfolio. President Jonathan apparently has been pleased with the way the two have carried out their respective assignments. Pity Nigerians who had hitherto thought that Wike has not delivered when they did not know the brief he got from his principal. Now that his principal has promoted him, it should be clear to all that the man has done so well in the eye of he that sent him, which is the most important thing.

    It is for the same reason that we should not wonder far as to why super ministers like Diezani Alison-Madueke (petroleum), Stella Oduah (aviation), and finance minister Ngozi Okonjo-Iweala, a woman many Nigerians know more as an apostle of the West rather than their minister of finance, are still waxing strong in the government despite public perceptions of them.

    What this tells us is that Nigerians are least in the calculation concerning the ministers’ exit. The reasons are clear; yes, some may have to do with corruption, but I have a feeling many of those sacked got the boot because of the ongoing crisis in the Peoples Democratic Party (PDP). President Jonathan is easily predictable. Without saying it, he acts as if vengeance is his and he would almost always revenge, never mind his seemingly harmless looks. Like former President Obasanjo, he appears poised to take his pound of flesh from those behind his travails. Just on Thursday, Governor Rotimi Amaechi ‘heard’ from him again, when he was stopped from passing through a particular route to the Government House in Port Harcourt. I am sure someone from the Presidency would soon issue a release to the effect that the president knew nothing about this!

    But, wait a minute! Could there be something that the generals in the PDP are seeing that the president is not seeing? When army generals, including those who received bullets with their chests and those who received them on their buttocks begin to scamper in search of solutions to a particular problem, particularly one that they are very much involved in, couldn’t it be that there is something that they know that the rest of us do not know? As I have always argued, it is only those who know what wicked things people do with spittle that quickly rub their feet on theirs whenever they spit. Are our generals being guided by that great teacher: experience? That could be food for thought!

    Without doubt, the question as to whether the ministers’ sack should not have been all-encompassing, given that the entire government itself appears colourless, is not misplaced. But, since the president has both the yam and the knife, he decides who to call to ‘come and chop’. Those who have not yet known those who may contest the presidential race in 2015 by now will forever remain in their blissful ignorance. What we may not know, for now, perhaps, are those who may not.

    But some things are already crystal clear: One, ‘We, the people’ are clearly out of the calculations. Second, the era of ‘super perm secs’ may be over but we are now in the era of ‘super ministers’ or ministers with nine lives, if you like, so super that whatever they do cannot be with blemish. The king’s goats!

  • Jonathan sacks nine Ministers

    Jonathan sacks nine Ministers

    President Goodluck Jonathan Wednesday sacked nine Ministers from his cabinet.

    Among those relieved of their appointments included Foreign Affairs, Olugbenga Ashiru, Education, Ruqqayatu Rufai, National Planning, Shamsudeen Usman.

    Others include Land and Urban Development, Amal Pepple, Environment, Hadiza Mailafia, Science and Technology, Ita Ewa.

    Three Ministers of State were also sacked including Defence, Olusola Obada, Power, Zainab Kuchi, and Agriculture, Tijani Bukar.

    Speaking with State House correspondents, Environment Minister, Mailafia said that it was not a shock for her as the cabinet reshufflement was expected at anytime.

    She urged Nigerians to continue to support the administration.