BusinessDay Weekender 24th Edition

SATURDAY 9, JANUARY 2021

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EDITION 24 I 9, JANUARY 2021

NEW YEAR:

SECOND COVID-19 WAVE HEALTH TODAY THE HARMFUL EFFECTS OF SKIN LIGHTENING ON YOUR INTERNAL ORGANS…

CULINARY DELIGHTS' LAGOS NIGHTLIFE: A CASE OF SAILORS LOUNGE Businessday.ng

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SATURDAY 9,JANUARY 2021

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Contents

SATURDAY 9, JANUARY 2021

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C O N T E N T S

9 LEAD STORY Covid-19 second wave: It’s a new year but the virus is still here

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15

CULINARY DELIGHTS'

LAUGHTER IN THE MIRROR

LAGOS NIGHTLIFE: A CASE OF SAILORS LOUNGE

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ENERGY WHAT SECTORS CAN BENEFIT FROM SOLAR POWER

OPINION Bad governance and political selection in Nigeria has a human cost

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ENTREPRENEUR Do you have an entrepreneurship trait?

BOOK REVIEW A Dreamers Life – A Review of G Fagbure’s Working on a Dream: Lessons in Life and Business

Zinfandel-Braised Beef Short Ribs with Rosemary-Parsnip Mashed Potatoes

RECIPE

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BOOK REVIEW 5 things you need to start doing in the New Year to improve your health.

HEALTH TODAY The harmful effects of skin lightening on your internal organs…

SPORTS With €165m price valuation, Rashford becomes the most expensive football player Businessday.ng

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Editorial

Editor’s Note SATURDAY 2, JANUARY 2021

Dear weekender readers, I hope you are reading this in good health.

When COVID-19 became a reality for Nigeria, I don't think any of us expected how long it would affect us. It has been almost a year since the first COVID-19 case was reported in Nigeria and people are still getting infected every day. We have entered what experts are calling the second phase of the pandemic and it has become imperative that we all do our part to curb the curve. Nigeria has recorded over 6000 new cases of COVID-19 and over 40 deaths within the first week of 2021. This statistic is worrisome considering that the over 6000 new cases recorded over the last 7 days are much higher than the total infections recorded in the first 75 days of the first wave. If there is a time to be more cautious, it is now. That is the reason why our lead story focuses on tips and recommendations on how to stay safe and protected in these very unprecedented times. Please take care of yourself and be reminded that the virus is very much still around. Do what you can to boost your immune system.

Inside:

No words can do justice to the multifaceted vibrancy of the typical Lagos nightlife; even something as insignificant as buying suya can be an exciting and thrilling experience. One popular spot that fuels the typical “night owl of Lagos” is the Sailors’ Lounge which is located at Admiralty Road, Lekki Phase 1. You can find out more about it in this week's Culinary Delights'.

Jazz is a musical genre that emanated from New Orleans, Louisiana, in the United States and has its roots in Blues and Ragtime. Nigeria’s encounter with Jazz music dates back to the aftermath of World War II. You do not need to look too far to find lovers of Jazz in Lagos; in fact, there are spots that cater for the needs of Jazz enthusiasts and one of them is Jazz Hole located at 188 Awolowo road in Ikoyi.

Many young Nigerians have big dreams and some of Nigeria’s life coaches and motivational speakers are always quick to say “follow your dreams.” But they often forget to mention the difficulties of achieving one’s dreams, especially in challenging environments. Nonetheless, for Gbolahan Fagbure, it is possible to have your dream, keep it alive, and avoid making certain mistakes. Gbolahan Fagbure, is one of Nigeria’s most accomplished young entrepreneurs, who is an inspiration for many to get started. From the outset of his book Working on a Dream, Fagbure does not shy away from sharing his dreams and ideas, presenting an honest account of some of his life experiences. He explores his life – as a dreamer, student, employee, businessman, event organizer, husband, and father. He lets the reader into his college come-back story (graduated with a third class from college, went back to get another degree and finished with a 1st class). He shares his setbacks and failures when starting Supermart and Jumia, his e-commerce companies; Speaker Series Africa, a monthly forum where leading CEOs are interviewed; building a family. You can find the full book review inside.

Also, inside, our resident health contributor writes about the dangers of skin lightening and bleaching and what these harmful practices can do to your internal organs.

While entrepreneurship is often glamorized, the truth is that entrepreneurship isn't for everyone.

Inside, we have an article that outlines the traits that a person must have to attempt the complicated yet rewarding path of entrepreneurship.

This week, the world watched as rioters and terrorists desecrated the United States capitol. Inside find a statement by Uzodinma Iweala, Chief Executive Officer of The Africa Center in New York.

You will also find a tasty rib and mash recipe and a refreshing homemade lemonade recipe.

In the news roundup:

Trump rioters invade US congress to reject Biden's election victory; Trump finally agrees to hand over power peacefully after failing to overturn Biden's win; The World Bank has projected the Nigerian economy to rebound by 1.1 percent in 2021; The Grammy Awards have been rescheduled to March 14th, due to the COVID-19 surge in Los Angeles; The Nigerian government has increased electricity tariff by 50 percent; The federal government has exempted commercial flight tickets from Value Added Tax; NIN registration suspended as officials embark on indefinite strike; Access Bank acquires Zambian Cavmont Bank.

I hope you enjoy this edition of the Weekender. BD

Lehlé Baldé is the Editor of BusinessDay Weekender email: lehle.balde@businesssday.ng | social: @lehlelalumiere Businessday.ng

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SATURDAY 9,JANUARY 2021 PUBLISHER/EDITOR IN CHIEF Frank Aigbogun MANAGING DIRECTOR Ogho Okiti EDITOR BUSINESSDAY SATURDAY Lehlé Balde EXECUTIVE DIRECTOR, OPERATIONS Fabian Akagha MANAGER, CONFERENCES & EVENTS Obiora Onyeaso MANAGER, ADVERTS Ijeoma Ude COPY SALES MANAGER Florence Kadiri DIGITAL SALES MANAGER Linda Ochugbua HEAD OF DIGITAL SERVICES Onyinyechi Eze HEAD, HUMAN RESOURCES Adeola Obisesan DESIGN AND ART DIRECTION Tolulope Ayo-Olubiyo.

CONTRIBUTORS When in Lagos Dr Monisola Adanijo FMCP Toluwalola Kasali Glory Enyinnaya Chidi Obike Oluwafadekemi Areo Anthony Nlebem Mercy Ayodele PHOTO CREDIT Freepik, Google Images, Pexels ENQUIRIES lehle.balde@businessday.ng samuel.anyanwu@businessday.ng '

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ADVERTS Ijeoma Ude +2348033225506 PUBLISHED BY BusinessDay Media Limited The Brook, 6 Point Road, GRA, Apapa, Lagos, Nigeria.

01-2799100 www.businessday.ng LEGAL ADVISERS The Law Union

News Roundup

SATURDAY 9, JANUARY 2021

Trump Rioters Invaded the US Capitol to Reject Biden's Election Victory OLUWAFADEKEMI AREO

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hor tly after 1 p.m. ET Wednesday hundreds of p r o - Tr u m p p r o t e s t e r s pushed through barriers set

up along the perimeter of the Capitol, where they tussled with officers in full riot gear, some calling the officers "traitors" for doing their jobs.

About 90 minutes later, police said demonstrators got into the building and the doors to the House and Senate were being locked. Shortly after, the House floor was evacuated by police. Vice President Mike Pence was also evacuated from the chamber, where he was to perform his role in the counting of electoral votes.

Although the US capitol was declared secured later that day, it has been reported that at least four deaths were

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NIN registration suspended as officials embark on indefinite strike

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egistration for the mandatory National Identification Number (NIN) has been put on hold as staffs of the National Identity Management Commission (NIMC) have proceeded on an indefinite strike.

The notice of the strike which begins on Thursday, 7 January, 2021 was signed by the President of the Association of Senior Civil Servants of Nigeria (ASCSN), NIMC branch Lucky Michael, and its Secretary, Odia Victor.

Trump finally agrees to handover peacefully after failure to overturn Biden's win

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resident Muhammadu Buhari has signed the 2021 Appropriation Bill of N13.588 trillion into law alongside the finance bill on the last day of the year 2020 and the implementation will commence in January 2021. A breakdown of the approved budget figures shows about N496.5 billion was approved for statutory transfers, N3.3 trillion for debt services, recurrent expenditure was put at N5.6 trillion, capital expenditure at N4.1 trillion and fiscal deficit at N5.2 trillion.

Award winning Zimbabwean journalist Hopewell Chin’ono arrested again by police

Flight fares might reduce as the federal government has exempted commercial flight tickets from Value Added Tax

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s contained in the 2020 finance bill which was signed into law

by President Muhammadu Buhari on December 31, 2020, airline transportation tickets issued and sold by commercial airlines registered in Nigeria and hire, rental or lease of tractors, ploughs and other agricultural equipment for agricultural purposes have been exempted from VAT.

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n what appears to be an attempt of alerting the public of what was his arrest, on Friday afternoon the award winning journalist who has been arrested many times tweeted “They say they are charging me with communicating falsehoods for tweeting that a child had been beaten up and died by a police officer!

They are taking me to the Law and order section at Harare Central Police Station”

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News Roundup

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SATURDAY 9,JANUARY 2021

Update on the Don Davis case

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n December 20, in a video that went viral on social media, Deborah Okezie, the mother of an 11-year-old JSS1 student of Deeper Life High School, Uyo, Don Davis, narrated how her son was allegedly starved, sexually molested and assaulted in the school.

Although the video garnered a lot of reactions from the public including the Governor of Akwa Ibom, the mother of the child has mentioned that she was being threatened by the Commissioner of Education in Akwa-Ibom State, Enobong UdemeAbasi Mbobo.

According to her, the commissioner had invited her for a meeting, citing that parents of the accused students and the Deeper Life School Board were around. But on getting there, Deborah said the commissioner asked her to take down her videos, claiming that the videos are painting her office in a bad light.

It didn’t end there, one of the parents threatened to slap her and another brought out his belt to flog her. Debo-

rah said she had to lie that she was wearing a camera and their actions were being recorded before she could escape them.

The Deeper life church has put up statements in this regard stating that they are investigating the matter. The mother of the boy has however an-

Access Bank acquires Zambian Cavmont Bank

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ccess Bank Plc has announced that its Zambian subsidiary (Access Bank, Zambia) has completed the acquisition of Cavmont Bank Limited, following the fulfilment of pre-requisite conditions, including regulatory approvals.

The tier-1 bank made the disclosure through a press statement signed by the Bank’s secretary, Sunday Ekwochi and sent to the Nigerian Stock Exchange.

In a recent development, the financial giant through a press statement on Wednesday stated that the merger between the aforementioned firms is set to take place before the end of January 2021.

The deal is a highly complementary transaction that is expected to combine Access Bank Zambia’s wholesale and trade finance capabilities with Cavmont Bank’s retail and commercial banking operations.

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In addition, the deal has the potentials to enlarge Access Bank Zambia as a

nounced that she caught a Doctor from Deeper Life High School taking blood samples from her son at the hospital where Don Davis was first admitted. The said Doctor has however been arrested according to Deborah the boy’s mother.

Nonetheless, the principal of the school has been insisting that Don Davis is HIV positive. After series of tests conducted on the boy, Doctors have declared him HIV negative.

stronger and well-capitalized banking franchise with improved scale and capacity to deliver sustainable and best-inclass financial services in the Zambian market.

SATURDAY 9, JANUARY 2021

The Nigerian government has increased electricity tariff by 50 percent spreads rapidly

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he Nigerian government has yet again approved an increase in electricity tariff payable by electricity consumers in Nigeria.

The Nigerian Electricity Regulatory Commission (NERC), approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies, DisCos. The new increment is coming barely two months after the implementation of the controversial hike proposed last year.

In the new order, NERC said it considered the “…14.9% inflation rate rise in November 2020, foreign exchange of N379.4/$1 as of December 29, 2020, available generation capacity, US inflation rate of 1.22% and the Capital Expenditure (CAPEX) of the power firms to raise the tariff…”

Unlike the erstwhile order implemented in 2020, which exempted low power

consumers, the revised Service Based Tariff (SBT) also saw increase in the rates payable by all classes of electricity users.

The order is effective till June 2021 while a Cost Reflective Tariff (CRT) expected to raise the new cost higher will be activated from June to December 2021.

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The Bretton Woods Institution, in a new report, titled: “Global Economic

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Grammy awards has been rescheduled for March 14th due to the COVID19 surge in Los Angeles

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HE Grammy Awards ceremony, due to take place on Jan 31, has been rescheduled to March 14 because of the coronavirus surge in Los Angeles, organisers said on Tuesday.

T h e R e c ord i ng Ac a d e my an d broadcaster CBS said in a joint statement that the ceremony to present the highest honours in the music industry had been delayed by six weeks after talks with various health experts and musicians.

World Bank has projected the Nigerian economy to rebound by 1.1 percent in 2021 he Nigerian economy is currently facing its second recession in five years but the World Bank has projected that that growth in Nigeria will resume at 1.1 percent in 2021, significantly weaker than previous projections, and edge up to 1.8 percent in 2022.

News Roundup

Prospects” released on Tuesday warned that Nigeria’s economy would face severe challenges in 2021, worsened by dampened low oil prices, falling public investment due to weak government revenues, constrained private investment due to firm failures, and subdued foreign investor confidence.

"After thoughtful conversations with health experts, our host and artists scheduled to appear, we are rescheduling the 63rd annual Grammy Awards to be broadcast on Sunday, March 14, 2021," the statement said.

The postponement was earlier reported

by Rolling Stone magazine and Variety.

The Recording Academy had also told its members in an earlier memo that the new date would be March 21.

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OPINION

SATURDAY 9,JANUARY 2021

January 7th, 2021

January 6th American Struggle

Like many of you, I watched yesterday as rioters and terrorists desecrated the United States Capitol Building. I was not shocked. That such violent opposition to U.S. democratic institutions would manifest after years of sustained assault should not be shocking.

The images from January 6th should not be considered an anomaly. We should resist the urge to label such acts as un-American and we should not move too quickly towards an overused rhetoric of healing. If this country is to survive the next few years, let alone thrive, we will have to face the aspects of our American identity that make so many people feel it is acceptable to deny reality—the reality of election results, the reality of a pandemic, and the reality of deeply rooted racism that manifests in the care with which law enforcement treated (mostly) White men rampaging through the halls of the Capitol Building.

I was born in Washington, D.C. not far from the U.S. Capitol Building. I grew up visiting the monuments on the National Mall and engaging with a whitewashed version of this great country’s truly complicated history. As an 18-year-old, just after my freshman year of college, I was fortunate enough to intern in the United States Senate alongside my college roommate and good friend, Pete Buttigieg. I’ll never forget walking through the Rotunda and down the halls of the Capitol Building with Pete, listening to him marvel at the history made and the idea that however imperfect the process, there was a pathway towards progress and greater understanding. I remember sitting on the Senate floor to watch proceedings, or suddenly finding myself the only other person in the room as then Senate Majority Leader Tom Daschle conferred with the late Senator John McCain about a prescription drug benefits bill. But what I remember most was how respect for the democratic process served as a guiding principle for all of those who worked in and visited that building.

To speak only of these moments is to willfully forget that the forced labor of generations of enslaved African people cut and laid the stones that built the Capitol, and to gloss over the fact that generations of Americans sat in its hallowed chambers to vote against equality and freedom for all Americans. To react with shock and horror to yesterday’s pictures of Confederate flags waved by destructive thugs in muddy hiking boots and soiled jeans is to forget that Confederate flags have accompanied the suited senators and representatives from so many states for so many years. That understanding of America has coexisted with our search for equality, freedom, justice and truth.

The events of January 6th are not a departure for America, but a reminder that the struggle for the soul of this great nation is real and ongoing. It can manifest as Americans Raphael Warnock and Jon Ossoff making history as the first Black and Jewish men to be elected to the Senate from Georgia (with a huge assist from Stacey Abrams) on the same day that Americans tried to overturn legitimate election results. It can manifest as peaceful Black Lives Matter protests pushing for all Americans to be treated fairly by law enforcement, just as it can manifest as hooligans attacking democracy itself when they feel like they have not been treated preferentially.

Yesterday’s events are not, as some commentators have suggested, reminiscent of something you would see in Africa; they are American and we should own them. It is through accepting responsibility for all of our American identities that we can chart a course towards the healing and unity we so desperately seek.

In solidarity,

Uzodinma Iweala M.D. Chief Executive Officer, The Africa Center

Address​ | 1280 Fifth Ave | New York, NY 10029 | ​theafricacenter.org Mailing Address​ | 2196 Third Ave, Unit #10025 | New York, NY 10035 | Tel: ​212 444 9795

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SATURDAY 9, JANUARY 2021

LEAD STORY

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COVID-19 SECOND WAVE: IT’S A NEW YEAR BUT THE VIRUS IS STILL HERE MERCY AYODELE

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LEAD STORY

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ts year 2021, crossing over to the new year was a relief for me, I felt like 2020 needed just go away with all its stress and bad news so we all could rest. My excitement barely lasted two days before I had to face the reality that not much had changed but the calendar year. As if 2020 was not bad enough, COVID-19 had to follow us into the new year and it's raging like never before, spreading like wildfire and sadly, it's already taking many lives already. The scariest part of what is going on is that most people do not care anymore about the virus.

Just last week on my way back from work, I commuted through Ojuelegba, a very busy area in Lagos state and I decided to do a quick survey of how many people were wearing a face mask, surprisingly, I estimated only about 30 percent were wearing a mask. Of the 30 percent, many were hanging the mask loosely on their ear while others wore it on their chin. This is a state that currently has the highest recorded cases in the country, yet many seem not to care.

The first wave was scary for most people, especially when it newly hit Nigeria it was like the world was about to end.

Some people barely left their homes, washing their hands every now and then, nose masks became a booming business, hand sanitizers became scarce but as time went on, people grew tired, at least they are not dead and they do not know anyone that has the virus, they say.

The second wave is here and this time, it is spreading rapidly than the first wave. Nigeria has recorded over 6000 new cases of COVID-19 and over 40 deaths within the first week of 2021. This statistic is worrisome considering the fact that the

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SATURDAY 9,JANUARY 2021

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over 6000 new cases recorded over the last 7 days are way higher than the total infections recorded in the first 75 days when it hit the country in 2020. If there is a time to be more cautious it is now.

Another lockdown?

With the swift spread of the virus in recent times, it almost feels like we need a lockdown now than ever but experts have warned that this could shred the already fragile economy into pieces.

The economy is currently in a recession, its second recession in 5 years, inflation is at 14.89 percent, the highest in 32 months, other economic indicators are looking gloomy as well. Experts say the economy cannot afford a second lock down and we are yet to recover from the first. The government has also not made any official announcement regarding a second lockdown. However, the government continues to urge citizens to abide strictly by COVID-19 protocols.

LEAD STORY

The news that there is a vaccine for the virus has been a cause for many to feel like the plague is over but it is not, even in countries that are fortunate to have vaccinated over half of their citizens, they still record daily fatalities from the virus. Also, with the information we have as of now, the incoming vaccines cannot go round everyone, not even half of the Nigerian population. This is an indication that all COVID rules must still be observed.

Why wear a mask when there is a vaccine?

It is also worthy of mention that even after getting the vaccine, you still need to wear a mask and observe all protocols. According to the Centres for Disease Control (CDC), a person needs two shots of the vaccine. After you receive the second shot, your body needs time to build the protection needed to fight the virus. It could take up to two weeks for the vaccine to begin protecting you against the coronavirus.

The second shot give much longer protection. So, the wearing of masks is not going away anytime soon even though we have a vaccine.

Although we have heard news that Nigeria might be getting a number of vaccines soon which is great news but as of this moment, they are not here yet.

I have heard of prominent people who died from COVID-19 complications and survivors have also testified that it

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is not a pretty illness to deal with. We all want to stay healthy in 2021, so that we can achieve our goals, therefore we must continue to abide by the rules.

We have heard them a gazillion times already but there is nothing harmful about a reminder.

As cases of COVID-19 begin to spike again across the country, it’s important to be committed in helping to prevent the further spread of the virus. You should continue to wash your hands, cover your coughs and sneezes, avoid touching your face, follow social distancing rules and wear a mask whenever you are leaving your home.

This is also a good time to imbibe a healthy diet, eat fruits and vegetables, exercise and pay attention to your mental health.

Stay safe, the virus is still here.. BD

How to stay healthy and safe

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CULINARY DELIGHTS'

SATURDAY 9,JANUARY 2021

LAGOS NIGHTLIFE: A CASE OF SAILORS LOUNGE

agos nightlife has always intrigued me, a different side of the city comes alive at night, you would think that people would be trooping home after a long day at work and traffic that stretches for hours on end; that cannot

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stop Lagosians from experiencing the vibrant nightlife only Lagos can offer. There are many factors that contribute to the unique makeup of Lagos nightlife, like; toning down of the “serious” comportment of Lagosians, change in dressing, right

SATURDAY 9, JANUARY 2021

CULINARY DELIGHTS'

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"It is a bar and lounge with aesthetics that fit winding down while enjoying the sea breeze and view; which is a major plus to add to the ambience of the facility." down to a change in the atmosphere of public places; whether it’s the loud music or loud laughter, it just sets the tone for a longing of something you would want to experience yourself.

The energy with which Lagosians switch into nightlife mode is a change that needs to be studied, it is so contagious and easy for one to immerse themselves in, it just draws you in.

Lagos Nightlife is undeniably vibrant and active, in fact; I firmly believe that for your mind to grasp the tangible change in the atmosphere; to truly take it all in, a version of yourself has to emerge as well. It has to change along with the atmosphere.

No words can do justice to explain the multifaceted vibrancy of the typical Lagos nightlife; even something as insignificant as buying suya on the street has a certain thrill attached to it.

I also firmly believe that no matter how hard or difficult a Lagosian’s day is, the nightlife infuses a certain kind of unusual energy that can carry them through the night, seamlessly so.

One popular spot that fuels the typical “night owl of Lagos” thirst is the Sailors Lounge; located at Admiralty road, Lekki Phase 1.

It is a bar and lounge with aesthetics that fit winding down while enjoying the sea breeze and view; which is a major plus to add to the ambience of the facility.

With a lounge made up of three sections, the Captain’s Deck, the Captain’s Cabin and the Sailor’s Bar. The Captain’s Deck is known to be the first floating bar in Nigeria and prides itself in being built in such a way that it gives guests the sensation of dining while floating on the ocean. The very unique architecture of the lounge is certainly a sight for sore eyes. Imagine that kind of view while you eat.

Cruise; on Sunday evenings, the Lekki area of Lagos is basically shut down as residents and tourists alike scramble for a spot in the lounge to enjoy the live band.

Bars and lounges are not uncommon in Lagos, the unique setting and atmosphere that Sailors Lounge provides sets it apart from the crowd.

It’s one of the most exclusive places to be in. Even the way the music is played is relaxing and even creates an atmosphere for business meetings. So, it’s not restricted to just “fun and vibes”.

It is so unique it should be experienced.

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Their menu is diverse too; ranging from seafood to many other intercontinental and local dishes.

The lounge is known to be an industry leader when it comes to hospitality in Lagos. One very distinct feature of the lounge is Sunday night Live band Businessday.ng

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PHOTO OF THE WEEK

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SATURDAY 9,JANUARY 2021

SATURDAY 9, JANUARY 2021

LAUGHTER IN THE MIRROR

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ENERGY

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SATURDAY 9,JANUARY 2021

WHAT SECTORS CAN BENEFIT FROM SOLAR POWER CHIDI OBIKE

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ith falling costs of solar power and available solar financing, businesses of all types are in a great position to take advantage of the benefits of solar power.

4 SECTORS THAT CAN BENEFIT FROM SOLAR POWER: Manufacturing Production process uses a substantial amount of electricity; solar power will save a manufacturer millions of naira overtime on utility and generator expenses as well as provides a hedge against energy price increases which will make a manufacturer more competitive.

Commercial A commercial business, such as an office building, mall, or supermarket will see a similar return on investment as a Businessday.ng

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ENERGY

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manufacturer. If you have available roof space and would like to take control of your electricity costs, you are a perfect candidate for solar energy.

Agriculture Solar power can be utilized in different sectors of agriculture. Thermal energy can harness for utilization in drying, cooling, steam generation, etc. whereas electrical energy can be used in pumping water for irrigation, rural electrification and to operate various agricultural machinery.

Education Schools and Universities utilize a lot of electricity every day. Once they shift to solar energy, schools and universities will surely benefit not only financially in term of reduction electricity expenses but also through their social impact in the community around them.

Chidi Obike is the Founder & CEO of Powerup Renewables Ltd, a leading Renewable Energy company in Nigeria.

An astute technology professional with 15years senior sales management experience, gained at multinational companies such as Ericsson and Huawei.

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OPINION

SATURDAY 9,JANUARY 2021

BAD GOVERNANCE AND POLITICAL SELECTION IN NIGERIA HAS A HUMAN COST TOLUWALOLA KASALI The human cost of bad governance Nigeria's poor socio-economic performance, human rights abuses, widespread poverty, insecurity, corruption and lack of trust in the political system have led to disenchantment amongst the electorate, especially the youth who make up 51% of the 84 million registered voters. This matters in a fast-growing population of over 200 million, with more than 60% of people under 25.

There can be two possible effects from such disenchantment on voter turn-out in the 2023 elections; it can motivate high turn-out in which people demand better governance or lead to apathy and low turn-out. It is expected that the high stakes at play will mobilise the Businessday.ng

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former. There is a need for people to participate in choosing political leaders that will serve the public's interest and promote good governance.

The human cost of bad governance is evident in the low level of basic infrastructure, weak healthcare and educational system, hig h unemployment level and the number of out-of-school children, amongst others. Across the socio-economic class divide, there is a feeling that the effects of bad governance will catch up with everyone someday. The recent protests by young Nigerians against police brutality, the EndSARS protests, exposed the gross human rights abuses suffered by many Nigerians at the hands of the institution created to protect them. More than about the police itself,

the protests demonstrated the youth's discontentment with bad governance.

Nigerians are now demanding that the government tackles the root causes of poverty, insecurity, human rights abuses and socio-economic instability – through the levers of good governance.

Moving ahead to the 2023 elections, attention must be focused on the overlooked question of who becomes a political leader to achieve these goals.

Why is the political leader important?

Over the past five electoral cycles since Nigeria's return to democracy in 1999, less attention has been paid to 'who' becomes a political leader, particularly the quality of people elected as members of the Local Government Council, State

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Assembly, House of Representatives and Senate, as well as those elected as Governors and the President.

While good governance depends on building strong institutions that provide the framework for politicians to act in the public's interest, it also depends on choosing competent and trustworthy politicians who have the strength of character to uphold the values of the institutions in the first place. One reason for this is that elected officials can choose to undermine institutions' integrity for self-dealing and personal gain. The Nigerian electorate should, therefore, demand and elect political leaders who are competent and honest, but how can this be guaranteed?

Where do political leaders come from?

Elected public office holders, as members of Nigerian society, pick up their values and beliefs about patriotism, public service, honesty and integrity from that same society.

These values are learned in families, schools, communities, associations and organisations and impact how elected officials behave in positions of trust.

Where the principles of civic duty, honesty, integrity and service are instilled in every Nigerian citizen, the chances increase that the pool of available candidates will embody some or all of these attributes. However, if only a few individuals in society recognise that such attributes are fundamental to good governance, it becomes a challenge. For transformational change, we must build a society with core values that espouse what we hope to stand for as a nation and what we hope to achieve for the country's future.

What motivates a political leader to run for office?

A political leader's motivation to run for public office will be varied and affect the quality of decisions and public policies adopted and implemented should they be successful. Their motivation might include self-identity, self-interest and enrichment, the responsibility of public service, family background, salaries, experience, or a combination of these factors. In particular, the significant opportunities for rent-seeking in public office in Nigeria have often attracted many politicians with a focus on extracting rents.

OPINION

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and professional groups. Therefore, to support civic engagement and voter education ahead of 2023, it will be crucial to counter these methods by mobilising such grassroots groups and building social trust by enlightening them about the importance of good governance and its impact on their daily lives and their children's future.

It is therefore important to consider what type of formal and informal rent structures exist in Nigeria's elected offices that attract these individuals, rather than those with a public service focus, and what systems exist to scrutinise, expose and check these excesses; improved checks and balances that reduce rent extraction and greater scrutiny of political behaviour tend to improve political selection.

Alternatively, if the structures in public office reward excellence, hard work and performance, it is more likely to attract and motivate politicians with a focus on serving and ensuring accountability.

Ahead of the 2023 elections, a key issue to consider is what range of mechanisms can be implemented to make it more likely that good candidates put themselves forward for office.

What determines who gets successfully elected?

Election processes influence which individuals get selected for office. In Nigeria, social cleavages exist along religious, ethnic and class lines, which often inform their choice of candidate, rather than a politician's policy preferences. Political parties also use a patronage system and votebuying to win elections. The culture of vote-buying is facilitated by the level of poverty in the country, amongst other things, and it is used as a tool to perpetuate the poverty cycle.

Politicians, moreover, play street-level politics and take advantage of huge financial resources to build social capital through grassroots networks, including transport unions, market associations, cooperatives and religious

Such mobilisation should be carried out through a combination of social media, print, radio, TV and grassroots channels. Voters' access to this information will inform them about the quality of candidates and their vision for Nigeria. When the quality of electoral competition rises, to win elections, political parties might be forced to bring forward better qualified candidates through a transparent process of party primaries. In the long-term, civic education in school curriculums should be prioritised from an early age.

Quality by accountability Elected politicians should remain accountable to those they are elected to serve. If Nigerian politicians knew that retaining their position was based on their actual performance, there would be a greater incentive for effective behaviour and to remain accountable to the people. That level of accountability would also reduce the chances of poorperforming politicians getting reelected.

Therefore, every citizen must hold public officials accountable – this is not a role reserved for the few.

The media, civil society groups and the public should play a critical role in public disclosures about politicians' performance through their engagements and investigation.

T h e r a c e t ow ard s i mprov i n g accountability and good governance begins now, and the power is in the people's hands. The focus should be on encouraging the election of candidates who are trustworthy, competent and committed to serving in the public's interest, building the Nigeria its citizens and young people hope to see. BD

Toluwalola Kasali is a finance and policy consultant who seeks to drive sustainable change by influencing policy. She has worked as an investment professional and lead research analyst in Nigeria. She served as a Special Adviser to a past Minister of Finance in Nigeria, where she focused on developing and implementing policies across public sector governance. She is a Fellow Chartered and Certified Accountant and holds an MSc in Energy Studies. Toluwalola is a 2019 British Council Emerging Policy Leader and recently completed an MSc in Public Policy at the London School of Economics and won the Lloyd Gruber Prize for the Best Policy Paper in the School of Public Policy.

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ENTREPRENEURSHIP

SATURDAY 9,JANUARY 2021

DO YOU HAVE ENTREPRENEURIAL TRAITS? GLORY ENYINNAYA

Before you begin the journey, ask yourself these questions: What is motivating me to start this business?

Am I prepared to live up to the demands of the business?

To achieve self-motivation, your entrepreneurial journey has to suit your personality, temperament and way of being.

It is essential that you have a solid grounding and a basic sense of why you are investing your time and energy in this venture. Take a minute to clarify your goals for your business? Wealth? Legacy? Social impact? Work-life balance?

self-analysis to see if you have what it takes to be a successful entrepreneur. These are what we call the personality characteristics of entrepreneurs.

Everybody is not cut out to be an entrepreneur. Therefore before launching into business, it is necessary to carry out a

They have appetite for moderate risks. They take calculated risks, indeed they do not take all available risks that present

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Dr. McClelland describes an entrepreneur as having a “ dominant psychological drive to achieve�. The entrepreneur must be result oriented. He/She must place emphasis on output rather than input. The output or result is the goods or services, which get exchanged for money. Input must lead to output/service offered to customers because there is nothing like something (money) for nothing in business .

The following are the characteristics of entrepreneurs: A burning desire to be in charge of whatever they find themselves doing. They desire to be in charge and in control of resources available to them and to achieve self determined goals. They create and make maximum use of resources and opportunities available to them.

SATURDAY 9, JANUARY 2021

opportunity for money making.

Entrepreneurs hardly gamble. They work for their money or make their money work for them. He/She has the ability to think through projects and only embark on it if they are convinced that the goal is achievable.

B e l i e f i n p e r s on a l s u c c e s s .

Entrepreneurs believe in themselves and their ability to take informed decisions. They have staying power and keep on with their decision even in the face of criticism and discouragement until they succeed.

Entrepreneurs are not discouraged by failure. They pick up the pieces when they fail. They get up and move on They know that as an entrepreneur, you can go up unbelievably fast but you can also go down equally fast.

This is because they have high level of energy relative to the average person.

ENTREPRENEURSHIP

Entrepreneurs are adventurous in nature. They are always on the look out for business opportunities that will materialize with minimum delay or in the nearest future. They are more concerned with what might happen tomorrow than what happened yesterday.

Entrepreneurs have organizational skills. They have the capacity to identify the right people for the right job. They know that the effective deployment of people to the job they are best suited will lead to the accomplishment of set objectives.

In this connection, entrepreneurs know their own individual strengths

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and weaknesses and thus hire people that possess qualities they themselves lack, be it skills or knowledge.

Entrepreneurs are driven by the desire to make and multiply money.

Accumulating money is important because it is a symbol of power and achievement . However, the way to make money is to render services.

When you render service or provide the need of customers, money will be earned. BD

Glory is an international business consultant who has advised over 200 entrepreneurs for clients such as the Centre for Global Enterprise (New York), the Entrepreneur Scan (Netherlands) and the International Business Accelerator (United States). She helps her clients launch new businesses, write business plans and access capital for expansion. You can download her free Entrepreneurship Roadmap and learn more at www.gloryenyinnaya.com.

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LIVING

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SATURDAY 9,JANUARY 2021

THE JAZZ HOLE, LAGOS: THE PLACE FOR THE SOULFUL

azz is a musical genre that emanated from New Orleans, Louisiana; United States and has its roots in Blues and Ragtime.

You do not need to look too far to find lovers of Jazz here in Lagos; in fact, there are spots to cater to the needs of Jazz enthusiasts and one of them is Jazzhole located at 188 Awolowo road Ikoyi.

Nigeria’s encounter with Jazz music dates back to the aftermath of World War II, along with healing came expatriates that initiated the love of Jazz music over here and we have never looked back since.

Jazz music over the years, has been known as music for the free-spirited, Jazzhole Lagos is an awesome spot for Jazz music lovers; in fact, it is in the forefront of spots to enjoy live music in Lagos.

Here, visitors do not only have access to live music (which is not restricted, visiBusinessday.ng

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tors can also enjoy the Afrobeat genre as well); but also access to an array of books, CDs and vinyl and various forms of outlet that explain the evolution of jazz music.

The rustic aesthetic décor is also one for the books as it gives off that artistic, creative atmosphere that is at the same time calming and soothing.

It is definitely an escape for the creative; the facility also boasts of art posters of various African musical/poetic giants.

You can basically browse through books while listening to live music playing in the background.

It also boasts of a “cafe setting” with tables and chairs neatly arranged at the back corner of the facility; it boasts of over forty varieties of tea and one of the best selections of coffee in Lagos State. It is basically known for its awesome assortment of tea and delicious cakes; a public favorite

is its Carrot cake; its fame has travelled far and wide.

The Jazzhole is known to be one of the best kept and stocked music shops in Lagos, it is like a museum for music; it is a foremost cultural symbol that celebrates the evolution of music.

The Jazzhole is in the frontline of preserving what we have come to know as the unique Nigerian sound; their record keeping game is spot on, all in a bid to protect the progression of music; it is simply a gift that would keep on giving.

Imagine having a bookstore, live music, coffee shop, café, restaurant and music museum all in one place.

It is also known to entertain local and international acts for listening sessions, art exhibitions as well as jazz evenings (evenings dedicated to jazz music).

The facility also boasts of being used

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LIVING

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in Ngozi Chimamanda Adichie’s internationally acclaimed novel “Americannah” as a meeting point for characters Ifemelu and Obinze when they both returned to Nigeria. The Award-winning novelist has also said in an interview that The Jazzhole is her personal go-to for books.

It is an awesome spot if you seek inspiration as a creative; also, a place to unlock your creative genius.. BD Karla Abua, for wheninlagos.com Lead Brand Curator, WheninLagos.com is your source for local lifestyle news. We curate the things that matter to you the most and highlight great things to do, attend, view, and eat When in Lagos.

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BOOK REVIEW

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SATURDAY 9,JANUARY 2021

A Dreamers Life – A Review of G Fagbure’s Working on a Dream: Lessons in Life and Business Book Title: Working on a Dream: Lessons in Life and Business Author: G Fagbure Publisher: Vartis Strategic Partners Year of Publication: 2017 Number of Pages: 192 Category: Self Help

A Dreamers Life – A Review of G Fagbure’s Working on a Dream: Lessons in Life and Business.

TITILADE OYEMADE

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any young Nigerians have big dreams and some of Nigeria’s life coaches and motivational speakers are always quick to say “follow your dreams.” But they often forget to mention the difficulties of achieving their dreams, especially in a tough environment like Nigeria. Nonetheless, it is possible to have your dream, keep it alive and avoid making certain mistakes – even in Nigeria. A little inspiration and guidance from one of Nigeria’s most accomplished young entrepreneurs, Gbolahan Fagbure, can help you get started.

From the outset of Working on a Dream, Fagbure does not shy away from sharing his dreams and ideas, presenting honest account of some of his experiences in life. He explores his life – as a dreamer, student, employee, business man, event organiser, husband and father. He lets the reader into his college come-back story (graduated with a third class from college, went back to get another degree and finished with a 1st class), starting Supermart and Jumia his e-commerce companies, the setbacks and failures in his businesses, starting Speaker Series Africa, a monthly forum where leading CEOs are interviewed and building a family.

Fagbure does not merely motivate, he shares hands-on facts. Within the 192-page book are some treasures of life lessons and immutable wisdom. Fagbure’s message is of the power of resilience, believing in oneself and actualising a vision. More importantly, his story goes the full yard of reminding young people that they can achieve their dreams as Nigerians.

Straightforward and well-rounded, Working on a Dream invites the reader right in and touching on various aspects of life and business. Written in short chapters that start with either a story, an advice or a quote, each phase ends mostly with Businessday.ng

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music lyrics or poems relevant to the topic at hand. Working on a Dream suggests that there is no perfect timing or condition in achieving a dream; if you want to achieve what you want in life, you must start to work on it now. The author is direct and forceful when speaking about self-identity – knowing who you are. Knowing yourself can help you make effective decisions and achieve goals.

What sets the book apart is that this real-life story is from a young man who achieved success at an early age. His story would help many aspiring entrepreneurs who are in their 20’s and 30s have ambitions to launch and grow a company but do not have people to learn from. Fagbure spare no words in revealing the dark truths about entrepreneurship.

Fagbure’s Working on a Dream is a gift to those struggling with pursuing their dreams and those who aspire to become more. It is a book to be bought, read and re-read!. BD oye m a d e is a business execute in a leading organisation and holds a degree in Russian Language. She’s the convener of the Hangoutwithtee Ladies Event and the publisher of Hangoutwithtee magazine. She spends her weekends attending women conferences, events and book readings. She loves to have fun and to help other women have the same in their lives.

Email: titi.oyemade@gmail.com Social: @tiipree

SATURDAY 9, JANUARY 2021

HEALTH TODAY

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THE HARMFUL EFFECTS OF SKIN LIGHTENING ON YOUR INTERNAL ORGANS… What your beautician will not tell you.

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DR. MONISOLA ADANIJO

or years, some darker skinned individuals (male and female) have been conditioned to think they would look more beautiful and get better opportunities if they had fairer skin. With validation from billboards, television and magazine advertisements suggesting that light skinned individuals are more attractive, more successful and have a “glow” that endears people to them, there is an explosion in the use of skin lightening agents by Africans and Asians. This line of thought may have stemmed from colonization; where lighter skinned slaves were chosen for the more “privileged” roles, working in the houses of the white colonialists and their darker skinned counterparts were sent to the fields as laborers.

Why exactly do we have pigmentation on our skin?

Our skin color is determined by the amount pigment called melanin. Melanin is produced by cells in the skin called

melanocytes. The darker the skin, the more the concentration of melanin. Skin lightening agents cause either a reduction in the concentration or production of melanin. Benefits of melanin include the protection of the skin from UV rays (seen in sunlight), thereby reducing the risks of skin cancer. This is probably the reason skin cancer is not as common in dark skinned individuals. Melanin is also present in the brain and nerves and assists in the normal functioning of these organs.

Skin lightening agents are either applied directly on the skin, swallowed as tablets/capsules, or injected directly into the veins as a “drip”. Most of these agents contain harmful chemicals like mercury, potent steroids and others which get absorbed into the skin, get carried in the blood stream to the different organs, where they cause damage. While the long term effects of steroid and mercury creams have been extensively studied and documented. The long term effects of the relatively newer agents Businessday.ng

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HEALTH TODAY

SATURDAY 9,JANUARY 2021

to fractures.

Heart: heart enlargement and failure.

Immune system: reduction in immunity and increased risk of infections Psychiatric complications Brain and nerve damage Severe birth defects if a pregnant woman continues using bleaching creams in pregnancy.

While it may not be possible to convince people to stop lightening their skin, it is important they know and understand the consequences of their actions and are willing to take the risk despite knowing all the problems. One wonders though, whether the external appearance is really worth endangering one’s life. BD

like pills and “drips” are largely unknown, but early studies have shown that they also cause similar organ damage as the creams.

A potentially life threatening reaction to these drips (Steven Johnson’s Syndrome) can develop, with affectation of the skin, genitals, mouth and eyes.

Effects of bleaching: Kidney: skin lightening agents can result in the excessive leaking of protein in the urine (nephrotic syndrome) and kidney failure.

These patients develop swelling of the face, feet and the whole body, with a possible reduction in urinary volume.

Liver: irreparable liver damage and eventual liver failure can be a result of long standing skin lightening.

Endocrine problems like “Cushings disease”: characterized by hypertension, diabetes, swollen face and other changes in body habitus.

Osteporosis: Thinning of the bones, making them frail and prone Dr Monisola Adanijo FMCP a Cardiologist and the Medical Director at Naveen Healthcare.

With experience spanning over 20 years, she built her pathway in medicine and cardiology working in reputable medical centres such as Mecure Healthcare Limited, Barnes Hospital, Lagos University Teaching Hospital, University College Hospital, Ibadan, Chevron Hospital, Lagos to mention but a few.

Her passion for preventive cardiology led her to convene the Naveen Healthcare 10,000 Hearts Project, in order to help individuals detect, protect and correct cardiovascular diseases.

Skilled in cardiovascular diagnostic procedures and treatment, a fellow of the National Postgraduate Medical College of Nigeria, a member of Nigerian Cardiac Society, American College of Physicians, Hypertension society of Nigeria and an international associate of the American College of Cardiology. She also has a Diploma in Leadership and Management from the University of Washington, USA, She launched the first TeleElectrocardiogram project in Nigeria and West Africa and does her part in contributing to good health and wellbeing, a Sustainable Development Goal (SDG3) of the United Nations.

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RECIPE

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ZinfandelBraised Beef Short Ribs with RosemaryParsnip Mashed Potatoes RIBS

3 tablespoons room-temperature butter, divided 3- to 4-inch-long meaty beef short ribs (about 4 pounds) Coarse salt 2 1/2 cups chopped red onions 2 cups 1/2-inch cubes peeled parsnips 6 garlic cloves, chopped

Step 2

2 tablespoons chopped fresh rosemary

Return ribs and any accumulated juices to pot, arranging in single layer. Bring to simmer; cover and place in oven.

Braise until ribs are very tender, about 2 1/2 hours.

1 750-ml bottle Zinfandel 2 cups low-salt beef broth 1 tablespoon flour

POTATOES

pounds russet potatoes, peeled, cut into 1-inch cubes pound large parsnips, peeled, peeled, cut into 3/4-inch cubes

Step 3 Using tongs, transfer ribs to clean bowl. Spoon fat from pan juices. Boil juices until just beginning to thicken, about 10 minutes. Mix 1 tablespoon butter and flour in small bowl to smooth paste. Whisk into juices in pot; simmer until thickened enough to coat spoon, about 5 minutes longer.

Season gravy with coarse salt and pepper. Return ribs to pot; spoon gravy over.

cup whole milk

POTATOES

tablespoons (3/4 stick) butter

Step 4

tablespoon chopped fresh rosemary

Cook potatoes and parsnips in large pot of boiling salted water until tender, about 15 minutes.

PREPARATION

Step 5

RIBS

Meanwhile, bring milk, butter, and rosemary to simmer in small saucepan.

Step 1

Step 6

Preheat oven to 325°F. Melt 1 tablespoon butter in heavy large ovenproof pot over medium-high heat. Sprinkle ribs with coarse salt and pepper. Add to pot in single layer and sauté until brown on all sides, about 10 minutes. Transfer ribs to large bowl. Add 1 tablespoon butter to pot. onions; sauté until brown, about 6 minutes. parsnips; sauté until beginning to color, about 6 minutes. Mix in garlic, then rosemary. Add wine and broth; bring to boil, scraping up browned bits.

Drain potato mixture and return to pot. Stir briefly over medium heat to evaporate excess moisture. Add milk mixture and mash well. Season to taste with salt and pepper.

Step 7 Transfer ribs and gravy to large shallow bowl. Serve short ribs with mashed potatoes.BD Businessday.ng

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RECIPE

HOMEMADE LEMONADE INGREDIENTS 8 to 10 large lemons not to be confused by lime 1 cup granulated sugar 1 1/2 quarts water (6 cups) Ice Lemon slices, for serving (optional)

EQUIPMENT Measuring cup or medium bowl Knife and cutting board Juicer or citrus reamer, or stand mixer with the paddle attachment Pitcher Strainer

INSTRUCTIONS

1. Juice the lemons and strain out the pulp. Halve the lemons, then squeeze the juice from the halves — you can do this manually with your favorite juicer or reamer. My favorite alternative method: Quarter the lemons and use the stand mixer to juice all of the lemons at once. Place the quartered lemons in a stand mixer fitted with the paddle attachment, then beat on low speed for 2 minutes. With either method, strain the juice through a fine-mesh strainer into a large measuring cup or bowl to remove the pulp before making the lemonade. You need 1 cup of strained lemon juice.

2. Combine the lemon juice and sugar to make a lemonade base. Add the sugar to the strained lemon juice and whisk until the sugar is completely dissolved.

3. Add the water and chill. Transfer the lemonade base to a serving pitcher. Add the water and stir to combine. Chill the lemonade for at least 1 hour before serving.

4. Serve with ice and lemon slices. Serve the lemonade over ice with lemon slices if desired.BD Businessday.ng

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SATURDAY 9,JANUARY 2021

SPORT

SATURDAY 9, JANUARY 2021

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ANTHONY NLEBEM

With €165m price valuation, Rashford becomes the most expensive football player Manchester United striker Marcus Rashford has become the most valuable player in world football.

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new study by CIES Football Observatory has the England ace listed as worth €165.6million (£149.7m) – largely thanks to his age and potential according to the algorithm in the bi-annual list.

It is estimated that Marcus Rashford is priced at a value of 165 million euros , which places him ahead of other soccer players.

Rashford, 23, has enjoyed a prolific start to the 2020/21 campaign with 15 goals across all competitions for club and country.

CIES Football Observatory algorithm used factors such as performance, age and contract length, as well as club and country represented to determine an individual's worth.

In second place is young and prolific Norwegian Erling Haaland , who plays as a forward for Borussia Dortmund in the German Bundesliga - and for the Norwegian national team. It is estimated to have a value of 152 million euros.

Other more expensive players, such as defender Trent Alexander Arnold (Liverpool), Alphonso Davies (defender in Bayern Munich) and Rúben Dias (Manchester City FC), according to said center specialized in data and statistics of analysis.

Bruno Fernandes, Kylian Mbappe and Jadon Sancho are also worth in excess of £130m.

But it is the positioning of Messi and Ronaldo that raised plenty of eyebrows.

Argentinian maestro Messi is way down at 97th on the list.

100.

But there is no place on that list for Neymar or Paul Pogba.

Despite the pair's latest transfers costing a world record £198m and British record £89m respectively, neither man gets in.

Neymar should be in his prime aged 28 but is only worth between £27m and £36m - in part due to his injury record and contract expiring next year.

For Pogba, 27, he is worth even less at £18m and £27m presumably due to having 18 months left on his Old Trafford deal and the reality of underwhelming performances in recent years.

No fewer than ten Red Devils players are ahead of him Rashford, Fernandes, Mason Greenwood, Anthony Martial, Aaron Wan-Bissaka, Donny van de Beek, James, Harry Maguire, Scott McTominay and Victor Lindelof.

Welshman James is estimated to be valued at £55m, placing him 75th.

In fact, United's tally of ten players in the top 100 is more than any other club, with Barcelona second on nine.

Messi's lowly value of £48.8m is due to his contract at Barcelona expiring at the end of the season - meaning the 33-year-old's value at the moment is almost entirely based on his quality alone.

For Ronaldo, his £42.5m valuation is largely down to the fact he is 35 with little resale opportunity, despite the fact he continues to bang in the goals for fun.

Ronaldo's former side Real Madrid's highest-ranked player is Federico Valverde 50th at £67m.

Rodrygo, Vinicius Jr and Casemiro also edge into the top Businessday.ng

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SPORT

Other surprises include Harry Kane (£97m) down in 19th, Virgil van Dijk (£75m) at 39th and 2020's serial winner Robert Lewandowski (£65m) in 55th, two places ahead of Kevin De Bruyne (£64m).

Nicolas Pepe (£53m) is 86th, some £52m short of Arsenal team-mate Bukayo Saka, while in-form Leicester winger Harvey Barnes completes the 100 at £48m.

Quite incredibly, despite the aforementioned pair’s advanced ages, Rashford is worth more than both of them combined – highlighting what a star United have on their hands.

An array of international aces are included in the overall list, with England boasting the highest number of players in the top ten with Rashford, Alexander-Arnold, Jadon Sancho and Raheem Sterling all making the cut.

In total, 11 Premier League stars made the top 20 – consisting of Manchester United, Man City, Chelsea, Liverpool, Arsenal and Tottenham players.Many other areas of England, including parts of the North West, the North East and the Midlands are moving into the toughest tier four restrictions. BD Businessday.ng

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SATURDAY 9, JANUARY 2021

SPORT

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Show strong mentality, Pinnick charges Eaglets

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head of the make or mar clash with the Black Starlets of Ghana on Saturday, President of the Nigeria Football Federation, Amaju Melvin Pinnick, has charged Nigeria’s U17 Boys, the Golden Eaglets to show robust winning mentality against their opponents.

Pinnick charged the players to believe in themselves and go for victory when he visited the team's camp at the Hotel Novella Star in Lome, Togo, while admonishing the players to remain focused on the task of representing Nigeria very well at the tournament.

"Nigerians don't want to know about tactics, just go, play and win the game.

The mentality of Nigerians is winning,

they don't care how you win, just win.

Winning gives Nigerians a lot of joy," Pinnick said.

my leadership in the Nigeria Football Federation and that is what we expect from you.

"So, I just want to crave your indulgence to represent Nigeria well. I'm happy that I can see all the players in this U 17 team, I can see that we have the youngest team in this tournament, which of course, I'm very proud of.

"Your coach will tell you the technical and tactical way to achieve winning, but what I will tell you is that you are Nigerians and for you to be a Nigerian, you must be positively rugged to achieve your dream," he said. BD

"It is a developmental football at this level. It does not mean that we do not want to win. Nigerians want you to win so that you will be celebrated.

We want you to be celebrated, it is very important that we must win. Just work hard and ensure we beat Ghana.

The attitude we always display is that we can do it. That is the spirit under Businessday.ng

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SPORT

SATURDAY 9,JANUARY 2021

He had talked of ‘safeguarding it for the nation’ – but the fear was it had been bought privately and would be taken away from these shores.

However, it has now emerged that City’s Abu Dhabi owner swooped to land the cup – and he will send it straight out on loan back to National Football Museum, based in Manchester.

The lot which was described by the auctioneer as a ‘national treasure’ – went under the hammer at Bonhams in London on September 29.

And after some spirited bidding by various parties, it went to the Sheikh for a whopping £759,052.

The museum’s chief executive Tim Desmond said: “When it left us in September 2019 to be auctioned by its then-owner, we feared we may never see it again and that Britain would be losing the FA Cup for good.

“We are blessed to have many wonderful items on display but, as the oldest surviving FA Cup, this particular trophy was amongst the ‘crown jewels’ of our artefacts.

“The fact that it has been bought by His Highness Sheikh Mansour and offered back to us is simply wonderful news both for the museum - but also for the preservation of our sporting heritage in this country.”

The trophy is particularly significant to City as it was the first trophy they won – 116 years ago – when they beat Bolton 1-0.

It replaced the original FA Cup which went missing from a shop window in Birmingham – where holders Aston Villa had put it on display in 1896.

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anchester City owner Sheikh Mansour has bought the oldest FA Cup trophy, won by the club in 1904.

It was the first trophy won by Man City - 116 years ago - when they defeated Bolton Wanderers 1-0.

The trophy is now going to be loaned back to the National Football Museum, where it has been housed since 2005.

"This cup is a visible reminder of the rich and long history of English football," said City chairman Khaldoon Al Mubarak.

"Winning this actual trophy in 1904 was a turning point for the club and for the city of Manchester in that it firmly cemented football in the heart of its community."

“Sheikh Mansour’s view is that a trophy of such cultural significance must be shared with the people of Manchester, the English football family, and all of those who love the English game.

“The National Football Museum is in a unique position to do that.”

The 1904 success was regarded as a significant moment in turning Manchester as a city towards football rather than rugby, for which it was better known at the time.

It was put up for auction by West Ham supremo David Gold, who had owned it since 2005 and viewed it as a ‘unique piece of football history’.

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Since taking over Manchester City club in 2008, Sheikh Mansour has helped City win 11 major trophies, including the current FA Cup in 2011 and 2019. BD

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