FRIDAY 7TH FEBRUARY 2025

MAN: 2013 Power Sector Privatisation Unfruitful, Operators Lack Technical, Financial Capacity to Deliver Optimally Decries incessant increases in electricity tariff Says Nigeria requires 30,000MW of electricity supply daily

Dike Onwuamaeze

Nearly 12 years after the generation and distribution segments of the

Nigerian power sector were privatised, Manufacturers Association of Nigeria (MAN) has declared the exercise unfruitful. MAN said beneficiaries

of the privatisation lacked the technical and financial capacity to operate and deliver power optimally.

MAN made the declaration yester-

day in a public statement that decried the incessant increase in electricity tariff, which it said had hindered the performance of the manufacturing

sector and growth of the economy.

The statement signed by Director-General of MAN, Mr. Segun Ajayi-Kadir, urged the government

to commission a review of the performance of power Distribution Continued on page 10

Tinubu Celebrates Fayemi at 60, Adesina at 65, Awosemo at 70... Page 34 Friday 7 February, 2025 Vol 30. No 10897. Price: N400

www.thisdaylive.com TR

UT H

& RE A S O

N

Helen Prest-Ajayi's Mother Affirms Daughter's Marriage to Late Tosin Ajayi... Page 16

Showing Unseriousness, House Targets 67 States, Proposes Creation of Additional 31 Juliet Akoje in Abuja

The House of Representatives Constitution Review Committee, has proposed the creation of 31 additional states to the country’s existing 36 states

structure, bringing the new total to 67.

This, however, was indication of the level of unseriousness of the committee's work, bearing in mind the current state of the 36-state structure, many of which are unviable and have

to rely on federal allocation to support themselves.

It is, therefore, no less a tragedy that the committee would propose the creation of additional 31 new states.

The proposal was contained in a

letter to the House of Representatives, read during plenary by the Deputy Speaker, Benjamin Kalu, who presided over the plenary yesterday.

The committee had proposed an additional six new states in the

North Central, four in the North East, five in the North West, five in the South-South, and seven in the South West.

The proposed states are Okun State, Okura State, and Confluence

State from Kogi; Benue Ala and Apa States from Benue; FCT State; Amana State from Adamawa; Katagum from Bauchi State; Savannah State from Continued on page 10

Female Genital Mutilation Violates Rights, We Will End the Menace, Declares First Lady Says 34m Nigerian women, girls at risk by 2030 FG discloses 19.9m already affected, upscales obligation to end scourge NHRC advocates strengthening of collaborations Story on page 10

KAYODE FAYEMI'S 60TH BIRTHDAY SYMPOSIUM...

L-R: DeputySecretary-General of the United Nations, Amina Mohammed; Vice President Kashim Shettima; Former Governor of Ekiti State, Kayode Fayemi; his wife, Erelu Bisi Adeleye-Fayemi; and the former Head of State, General Yakubu Gowon (Rtd.) during the former governor’s 60th birthday commemorative symposium and launch of Amandla Institute for Policy and Leadership Advancement in Abuja...yesterday

Elumelu: We’ve Lifted Over 2 Million Individuals Out of Poverty in Africa... Page 5

2

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

3

4

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

5

T H I S D AY • FRIDAY, FEBRUARY 7, 2025

NEWS

Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0807 401 0580

STRENGTHENING PARTNERSHIP IN PROMOTING AFRICAN CREATIVES...

L-R: Ag.Director, Directorate of Social Development, Culture and Sport, African Union Commission, Ms. Angela Martins; President and Executive Producer of All-Africa Music Awards (AFRIMA), Mike Dada; Commissioner for Health, Humanitarian Affairs and Social Development, African Union Commission, H.E. Amb. Minata Samate Cessouma; and AU Legal Officer, Ms. Mtudenre Gondwe, during the signing of the Memorandum of Understanding to strengthen AU’s long-standing partnership in promoting Africa's creative and cultural industries at the African Union Headquarters, Addis Ababa, Ethiopia on Wednesday

Elumelu: We’ve Lifted Over 2 Million Individuals Out of Poverty in Africa

Kayode Tokede

Founder of The Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, said the organisation had lifted over two million individuals out of poverty in Africa.

Elumelu disclosed that 2.5 million Africans had accessed training through TEFConnect, an online portal.

The chairman of Heirs Holdings Group made the assertions in his keynote remarks at the Legacy Builders Palm Beach Conference, with theme, “Democratising Luck”, in United States of America (USA).

He stated that TEF had disbursed more than $100 million in direct funding to over 21,000 beneficiaries, who had created 1.5 million jobs, and generated $4.2 billion in revenue across the continent.

According to Elumelu, young entrepreneurs have the potential to transform the continent. He stressed that in 2015 his foundation committed $100 million to identify, train, and fund the businesses of African entrepreneurs over 10 years.

“Because of that belief that entrepreneurs hold the key to unlocking Africa’s untapped potential. They are the innovators, the dreamers, and the builders who can transform not only their own lives but entire economies,” he added.

Elumelu, who is also Chairman of United Bank for Africa Plc (UBA), said he led a group of investors to turnaround a struggling bank and make it profitable.

He revealed, “That opportunity led to what is the largest bank merger in sub-Saharan Africa to date. Our banking group now is in 20 countries in Africa, it is on four continents – we are the only African bank regulated to take deposits in the US. “We bank over 45 million customers. Because Africa is a continent of opportunity, I diversified. My group is one of the largest oil producers in Nigeria – we are one of the largest power producers – we have acquired one of the top three electricity distribution companies in Nigeria.

We also invest in and manage real estate, healthcare and technology.

“We are doing well – but also, we are doing good. Nigeria has huge resources and effectively no power – we are changing that – it means not just businesses, but schools and hospitals are beginning to function.”

Elumelu said his journey in life had been shaped by a combination of luck, opportunity, grit, and resilience.

He stated, “I am where I am today because I was fortunate to be in the right place at the right time — I was prepared to seize the moment when luck presented itself. However, I believe luck and opportunity should not be reserved for a select few.

“We cannot claim to be rich when there is pervasive poverty that is evident all around us. This belief has always been guided by a question that fuels my purpose: how do I extend the same opportunity I had to young Africans who have

not been as fortunate? How can I democratise luck?”

Elumelu said the youth in Africa inspired him, as they created jobs and eliminated poverty. He said their impact was being felt in their communities and across the continent as they came up with solutions that were transforming Africa.

He said, “My greatest fulfilment comes from the legacy we are building, the lives we are transforming, and the profound impact of what

The Tony Elumelu Foundation now represents. However, there is still more to be done. Every young African with a dream should have a fair shot at realising it.

“Democratising luck is not just about finance—it is about knowledge-sharing, about mentorship, about building networks that support and uplift. We must create a continent where young entrepreneurs are not paralysed by systemic barriers, but propelled

Ndubuisi Francis in Abuja

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has stated that the country's economy is on the rise with great investment opportunities He stated this Thursday in Abuja when he received with a high-level delegation from First Abu Dhabi Bank, led by the Group Head of Investment Banking, Martin Tricaud, to discuss investment opportunities and strategic partnerships Edun highlighted Nigeria’s economic transformation over the past 18 months, citing key reforms such as market-driven pricing for

foreign exchange and petroleum, increased trade through the African Continental Free Trade Agreement (AfCFTA), and stronger revenue from both oil and non-oil sectors.

Nestle Nigeria Plc, yesterday, disclosed that it had invested about N1.9 billion in the Nestle Livestock Development Project (NLDP).

In 2019, the company partnered International Fertiliser Development Centre (IFDC-2CALE) and CBI Innovations Limited to create a dairy development project to support the development of the dairy value chain in the country.

The project also sought to improve the livelihoods of pastoralists within the host community.

Speaking at the launch of the Nestlé Dairy Demonstration Farm at Paikon Kore Grazing Reserve in Abuja, Managing Director/Chief Executive, Nestle Nigeria Plc, Mr.

Authority (FCDA), the project had established 83 dairy cooperatives, benefiting 3,000 milk producers and aggregating over one million litres of raw milk, and significantly increasing milk producers’ monthly revenues.

Elhusseini said, "During this time, we have also trained over 2,000 pastoralists in best dairy practices, vaccinated over 36,744 cattle, and provided access to water through the 19 boreholes and 28 water troughs constructed in pastoralist communities.

"Through these efforts, we have seen a significant improvement in milk quality, reducing milk rejection from 12 per cent in 2021 to as low as five per cent in 2024.”

He added that milk producers had seen their monthly revenues

These measures, he noted, had stabilised the economy, improved gross domestic product (GDP) growth, and strengthened the trade balance.

"The progress we have made in stabilising the economy and driving growth is a testament to our administration's commitment to economic reform.

LCCI Expresses Concern Over Sudden Implementation of 4% Customs Processing Charge

Dike Onwuamaeze

Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the abrupt implementation of the newly introduced four per cent Customs Processing Charge (CPC).

Minister hails initiative as milestone for Nigeria Wassim Elhusseini, said the project currently aggregated an average of 6,000 litres of fresh milk per day from 1,600 dairy households.

The farm was unveiled by Minister of Livestock Development, Muktar Maiha, who hailed Nestlé for its commitment to backward integration and sustainable agricultural practices.

Elhusseini said NLDP was structured on three key pillars, including better milk, better feed (fodder), and resilient communities.

He said the project’s objective was to aggregate 30,000 litres of milk per day by November 2027 through improving local breeds and applying best dairy farming practices.

He also stated that with the strong support and collaboration of the Federal Capital Development

backwards – I don’t look at historic causes of our problems – but at the current solutions.

“I invite each of you to explore how you can be part of our mission to drive meaningful and sustainable impact. Together, we can transform the African continent, one entrepreneur at a time.

“Join us as we democratise luck, and we will create a future where every African can dream—and achieve.”

Edun Showcases Nigeria’s Investment Opportunities to UAE Bank Delegation

Nestlé Invests N1.9bn in Livestock Project, Targets 30,000 Litres of Milk by 2027 James Emejo in Abuja

forward by opportunity. We will bring back hope.

“To those who have achieved success, I say this: we must do more. Become a mentor, an investor, a champion for those who only need a chance. Africa will not rise by chance—it will rise because of deliberate action, because of people who refuse to accept the status quo and choose, instead, to create the future we deserve.

“I am not interested in looking

increase from N70,000 to N250,000.

The Nestle boss said, "In 2024, we made significant strides in setting up the dairy demonstration farm operations in the Paikon Kore Grazing Reserve.

“The livestock population increased to over 71 animals, comprising eight bulls and 23 calves.

Essential equipment, including a tractor, harrow, plough, TMR mixer, baler, and rotary rake, were procured.

"Additionally, a biogas chamber was installed and 1,000 trees were planted to promote sustainability.

"The dairy demonstration farm will show how to safely go from an average milk production of 1L/ cow per day to over 10L/cow per day through an effective Artificial Insemination programme.

LCCI called on the federal government and the Nigeria Customs Service (NCS) to suspend the enforcement of the charge and engage in a structured sensitisation process to ensure that stakeholders were adequately informed and prepared before its implementation.

Director General of LCCI, Dr. Chinyere Almona, said yesterday that inasmuch as the chamber recognised that the four per cent charge was backed by the provisions of the Nigeria Customs Service Act 2023, specifically under Section 18, “We are deeply troubled by the manner of its sudden implementation without consultations with relevant stakeholders.”

According to Almona, Section 23 of the same Act clearly mandates public notification and stakeholder engagement before the introduction of new charges.

She said, “Unfortunately, the business community, including importers, exporters, freight forwarders, and clearing agents, was not given any prior notice or opportunity to prepare for this additional financial burden.

“Beyond the absence of consultation, the chamber wishes to have all government agencies concerned about and (be) sensitive to any additional cost burden on businesses and regulations that can create a difficult business environment.

“Currently, businesses grapple with

various levies, taxes, and charges. We are also faced with other policy cost implications, like a high interest rate, increasing cost of operations due to inflation, and scarcity of FOREX to import critical input for production.

“Most recently, the business community has been grappling with a planned 50 per cent hike in telecoms tariffs in the face of rising logistics costs due to high energy prices.”

Almona stated that the lack of consultation and sensitisation contradicted international best practices, which required trade-related policies to be implemented through transparent and inclusive procedures.

According to her, “The sudden enforcement of this charge is already disrupting business operations, increasing transaction costs, and causing uncertainty in the trading environment. Such an approach is detrimental to economic growth and investor confidence.

“We demand more efficiency with our port operations to ease the import and export of goods, reduce corruptive tendencies, and take trade facilitation as equally important as revenue generation.”

LCCI further warned that the sudden implementation of the charge would risk causing congestion at the ports, as many traders and clearing agents might hesitate to process shipments, leading to delays and possible disruptions in the supply chain.

6

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

7

8

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

NEWS

AMCON APPEARS BEFORE SENATE COMMITTEE...

L-R: The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) Mr. Gbenga Alade; Chairman Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Mukhail Adetokunbo Abiru; and the Executive Director of Operations AMCON, Mr. Lucky Adaghe, when AMCON appeared before the Senate Committee during the 2025 Appropriation Bill, and Budget proposals for Corporations, Agencies, and Government Owned Companies at the National Assembly Complex Abuja ... yesterday

Shettima: Nigeria Now Witnessing Surge in Reverse Medical Tourism Says patients from US, other countries patronise nation's hospitals for affordable kidney transplant Wants more investment in specialised medical education

Deji Elumoye in Abuja

Vice President Kashim Shettima says Nigeria is witnessing a surge in reverse medical tourism, with patients from the United States and other countries thronging the country's hospitals to seek affordable and high-quality kidney transplants.

Shettima attributed the choice of Nigeria for treatment to affordability and high-quality expertise within the country’s medical community.

He spoke on Thursday during a courtesy visit by the Nigerian Association of Nephrology (NAN)

at State House, Abuja, ahead of the association’s 37th Scientific Conference.

According to the vice president, “There is reverse medical tourism these days fundamentally because of the level of care at some of our hospitals.

“Recently, 13 patients from the United States came to Nigeria for kidney transplants at Zenith Medical and Kidney Centre because it is much cheaper here, and they receive the same level of expertise available anywhere in the world.”

Shettima stressed the need for

further investments in specialised medical education to sustain the progress.

He praised Chief Medical Director of Zenith Medical and Kidney Centre, Dr. Olalekan Olatise, for his contributions to kidney care, describing him as “a very decent man who is highly altruistic” in his efforts to assist humanity.

Shettima emphasised the financial strain on patients, many of whom sell their homes or rely on government support to afford transplants.

“While getting a kidney transplant is a significant challenge, life after

a transplant presents even more difficulties. Many patients struggle with the cost of post-transplant care, including immunosuppressants, which are essential to maintaining their health,” he said.

The vice president recalled healthcare initiatives he had embarked on during his time as Governor of Borno State, as well as the success of ongoing free maternal care programmes he introduced.

He said, “At a hospital in my neighbourhood, we provide a bag of rice and beans to every new mother.

They record about 30 births daily,

more than even the University of Maiduguri Teaching Hospital (UMTH). Over 4,000 deliveries have been recorded in less than eight months, with all medical expenses covered, including caesarean sections."

Shettima reiterated the need for Nigeria to build its medical workforce.

He stated that when he was in Borno State as governor, he took 60 female students to study medicine in Sudan.

He stated, “About 58 of them completed their education and passed the Medical and Dental Council of Nigeria (MDCN) licensing exams.

Most of them are now in their medical residency programmes.

The beauty of training women in medicine is that they are more likely to stay back and serve their communities.

“We must make deliberate and

targeted investments in specialised healthcare education in this country.”

Earlier, Olatise, who also serves as Chairman of the Local Organising Committee (LOC) for the 37th Scientific Conference and Annual General Meeting of the Nigerian Association of Nephrology, said the conference, with the theme, “Revolutionising Kidney Care in Nigeria: Evidence-Based Innovations,” will take place in Abuja from February 19 to 21.

The association also announced plans to honour Shettima with the “Kidney Champion Award” in recognition of his advocacy and direct support for kidney patients, including funding immunosuppressant and proposing the establishment of a specialised laboratory for posttransplant care.

FG Approves Re-award of Two 2nd Niger Bridge Bypasses to Ease Movement NNPCL/FIRST E&P JV

Umahi: Tinubu needs second term to complete ongoing projects Achieves 96% Reduction He solicited the support of the ministry of works on the state of of the caucus in achieving the road Emmanuel Addeh in Abuja federal legislators, reiterating the the roads in South-south which the infrastructure goals of the current in Routine Gas Flaring To solve the perennial road infra- directive of the president that non- present administration inherited and administration in South-south and structure deficiency in the oil-rich South-south region, President Bola Tinubu has approved the re-award of two bypasses on the 2nd Niger bridge, linking Asaba-Benin and Enugu-Onitsha dual carriageways.

He also gave the go-ahead for section III of Lagos-Calabar Coastal Highway to commence from the Cross River-Akwa Ibom axis of the superhighway and for the East-West Road to be given accelerated attention.

Minister of Works, David Umahi, who spoke when he received a delegation of House of Representatives members from the South-south at the ministry's headquarters in Mabushi, Abuja, said the Tinubu administration has come to change the ugly narrative of years of road failures, deficiencies and insufficiencies.

“We will finish the Lagos-Calabar 700 kilometres, and with your support and of course, by God's special grace, the miracle of the second tenure (term) will still come to pass, and so we have time to get this project fully completed.

“I have no apologies when I say that we need time to get this project completed because He that has started this good work will give him time to finish it, and it will be a catalyst for economic growth," a statement

by Special Adviser (Media), quoted Umahi as saying.

performing contracts on federal roads be terminated. He assured that by the time the vision of the president in the works sector is fully accomplished, Nigeria would achieve enviable milestones in economic growth and prosperity.

He said: "Just yesterday, the Federal Executive Council (FEC) re-awarded three sections of East-West road. We have agreed to commit RCC Ltd within the first carriageway of 15 kilometres (Eleme), including one bridge and one flyover.

“But for us to get this road completed by December, as it should be, we must definitely need to engage two extra contractors. But if they are wise, they could get sub-contractors and put on that 15-kilometre stretch so that they can save the job. But they cannot keep the job when the people are suffering on that road.

"The good news is that the president has also approved the Second Niger Bridge, the two bypasses, one in Delta state and the other one in Anambra state. And so when these two are done, then the Second Niger Bridge will be very operational and it is going to help our people very well,” he added.

The leader of the caucus who doubles as the leader of Bayelsa State caucus, Hon. Agbedi Frederick, said the visit was to engage the federal

to seek for the government's decisive action on the projects being delayed by contractors.

He decried the difficulties faced virtually by all the South-south States in connecting to one another and in connecting to the North, East, and West. He offered the collaborations

indeed Nigeria.

"We know there are construction projects going on. But we want to seriously say that the work level is slow, and our people are suffering.

Our people are really suffering. Today, it's difficult for you to fly to Benin and access the other parts of Benin.

Peter Uzoho

The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroleum Development Company Limited Joint Venture (JV) have successfully achieved 96 per cent reduction in routine flaring of

Bagudu to Deliver Keynote at World MEET as FG Partners Germany to Boost Vocational Skills of Youths James Emejo in Abuja

The Minister of Budget and National Planning, Senator, Abubakar Bagudu, yesterday accepted an invitation to deliver a keynote address at the 2025 edition of “The World Meets in Giessen” event.

The minister's acceptance followed an invitation extended to him by the leader of the German Delegation and President of the Giessen Chamber of Commerce and Industry, Dr. Mathias Leder, after an introductory meeting between both parties in Abuja.

The World Meet is an international platform to acknowledge and promote every action of the individuals which has brought a change in society, environment, technology,

education, or any other field that positively impacts the world.

The platform serves as a global stage to recognize and celebrate individuals who have contributed to social progress, innovation, sustainability, and humanitarian efforts.

Leder said Nigeria’s participation in “The World Meets in Giessen” presents a unique opportunity to showcase the country's SME potential to international investors and business leaders as well as attract Foreign Direct Investment (FDI), and forge strategic partnerships.

This would also promote economic diversification by connecting Nigerian businesses with global supply chains and enhance policy dialogue on SME financing,

innovation, and industrialisation.

Responding, Bagudu said the proposal by the German Chamber of Commerce was capable of triggering a revolution that could change the world and pledged the willingness of the current administration to partner with Germany in dismantling all bottlenecks on the way to achieving the objectives.

The minister said, “Chamber of commerce can play a role in sharing prosperity in a sustainable manner.

This offer is opportunity to share in global prosperity.

“We don’t want to be nuisance to the world, hence the introduction not our Agenda 2050 Development Plan, which we believe can lead to prosperity.”

associated gas from the Anyala Oil Mining Lease (OML) 83 and Madu OML 85 fields.

The record is a significant stride by the NNPCL/FIRST E&P JV towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20 per cent unconditionally and 47 per cent conditionally, as stipulated in the Nationally Determined Contributions under the Paris Agreement.

NNPC announced this achievement yesterday in a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye.

The national oil company said the remarkable milestone was attained through the implementation of an associated gas reinjection strategy into a designated underground storage reservoir at the Madu field, situated in OML 85, offshore Bayelsa State.

It explained the initiative ensures that gas which would have otherwise been flared, was now safely stored, significantly mitigating environmental impact.

According to the statement, the reduction in associated gas flaring aligns with the regulatory framework set forth by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), underscoring the JV’s compliance with national environmental standards and global best practices.

9

T H I S D AY • FRIDAY, FEBRUARY 7, 2025

NEWS

COURTESY VISIT TO THE FIRST LADY...

First Lady of Nigeria Senator Oluremi Tinubu (L) with the Ambassador of the State of Qatar Dr Ali bin Ghanek Al-Hajri when he paid her a courtesy visit at the Aso Villa, Abuja … yesterday

FG: JSS, SSS Not Scrapped, But Discussions Ongoing

Emmanuel Addeh in Abuja

The federal government yesterday said that reports that it had scrapped the Junior Secondary School (JSS) and Senior Secondary School (SSS) education system were untrue, but admitted that it was considering rejigging the education to align with current realities.

Minister of Education, Dr Tunji Alausa, told THISDAY last night that although the federal government was thinking in that direction, there are long and tedious processes involved, including the involvement of the National Council on Education (NCE).

A report by a national newspaper yesterday (not THISDAY) had said the federal government had announced the scrapping of all JSS and SSS levels in the country and introduced a compulsory 12-year uninterrupted basic education model.

He said that this effectively marked the abolition of the 6-3-3-4 education system and its replacement with the 12-4 model, quoting Alausa as having spoken at the 2025 extraordinary NCE meeting in Abuja.

“Many developed nations have implemented similar systems where basic education spans 12 years, ensuring that students acquire foundational knowledge before specialising at tertiary levels. This reform also aligns Nigeria’s education system with international standards, fostering better educational outcomes and global competitiveness,” Alausa

reportedly said.

But Alausa noted in the interview with THISDAY that while it is true that a change in the system was being considered, discussions were still ongoing and implementation may not begin until the last quarter of 2025.

“We haven't even got to the implementation phase. We went to the Council of State meeting, that this is what we need to do.

The National Council of Education needs to meet, which is the highest body (level).

“So we are saying let's think about this in October. We will meet again, we're going to do a lot of stakeholders' meetings, and say do we want to adopt a 12-year mandatory education, as opposed to nine years that we have now. In other countries, it's 12 years,” the minister argued.

According to him, looking back to 30 years ago, young people who did year three are better than those doing three extra years now, reason the system should be overhauled.

“That means we're just training people that have no clue, that need training… We have nine years now, but we're proposing to increase it to 12 years of compulsory education,” he stated.

By transitioning from 9-3-4 to the 12-4 system of education, Nigeria will align with global standards in preparing students for better tertiary education, the minister had argued earlier.

“A 12-year basic education model will ensure a continuous, uninterrupted curriculum, promoting better standardisation and fostering quality assurance in the education system.

“It will also guarantee that students receive a more comprehensive and continuous learning

experience, improve educational outcomes, and contribute to a more educated populace that drives Nigeria’s economic development,” he maintained.

He also highlighted the challenge in Nigeria, where talented, bright students are being disenfranchised

The newly appointed chairman of Senate Committee on Diaspora Affairs and Nongovernmental Organisations, Senator Natasha Akpoti-Uduaghan, has advocated functional governance to address the “Japa” syndrome.

Akpoti-Uduaghan stated this at the inaugural meeting of the committee in Abuja on Thursday.

“Japa”, originally coined from the Yoruba language, is the mass emigration of Nigerians seeking better opportunities abroad.

Akpoti-Uduaghan said reversing the “Japa” trend required creating an enabling environment that encouraged

Nigerians to stay and invest in their home country.

She highlighted the urgent need for structural economic reforms to retain Nigerian talent and harness the diaspora’s potential for national development.

The senator said, "We cannot keep losing our best brains to other countries. However, the solution is not to force them to stay.

“People stay where opportunities are abundant, security is assured, and governance is functional.

“Nigeria must provide these conditions to stop the ‘Japa’ syndrome."

Akpoti-Uduaghan proposed three key strategies, including the establish-

attending university until they are 18. This delays their development and harms their futures.

“These students are capable and brave. If we leave them idle, we risk exacerbating mental health issues,” he warned during the event he attended earlier.

Tolling Highways: TUC, BPE Sharply Disagree on Merits Onyebuchi Ezigbo and Ndubuisi Francis in Abuja The Trade Union Congress (TUC) and Bureau of Public Enterprises (BPE) have sharply disagreed over the touted merits of tolling of highways by the federal government.

While BPE’s Director General, Mr. Ayodeji Ariyo Gbeleyi, stated that tolling operations on Nigerian roads would mark a significant milestone in the country's journey towards sustainable road infrastructure development, the TUC took a diametrically opposed position.

On its part, the TUC asserted: "It is unacceptable to impose tolls on roads that are unpaved, dilapidated, and riddled with potholes," alleging it is deliberate act of economic oppression against Nigerians.

Meanwhile, the BPE DG spoke at

the Garaku Toll Station, Km 32, KeffiAkwanga Section, Keffi, Nasarawa State, during the inauguration of the 227.2km Abuja-Keffi-Lafia-Makurdi road corridor.

Gbeleyi who noted that good roads are essential for national development added that "they facilitate trade, enhance mobility, and improve the overall quality of life."

In another development, the Union also alleged that the federal government's ill-advised Naira devaluation was responsible for the escalating prices and galloping inflation in the country and firmly opposed government's decision to commence tolling of the Keffi-Akwanga-Makurdi Highway.

In its communique at the end of the 1st Quarter 2025 National Administrative Council (NAC) held

Natasha Akpoki-Uduaghan Seeks Establishment of Diaspora Investment, Development Bank to Halt ‘Japa’ Sunday Aborisade in Abuja

from pursuing tertiary education due to their age.

“In any society, it is crucial to standardise the education of highly functional and exceptionally gifted students. We are now preventing these students, after finishing secondary education at the age of 16, from

ment of a Diaspora Investment and Development Bank.

She explained that Nigerians abroad could invest their remittances in structured projects in Nigeria through the Diaspora bank when established.

She said the bank would be managed by trusted professionals who would allow Diaspora contributions to be channelled into sectors like healthcare, infrastructure, and technology.

Akpoti-Uduaghan explained, "Diaspora remittances contribute over $21 billion annually to Nigeria’s economy.

“We must create a system where this wealth can be strategically

invested in sectors that will drive economic growth, instead of being consumed on daily expenses alone."

The second strategy, she explained, is to expand economic opportunities and industrial development. She pointed out that countries, like India and Ethiopia, had successfully harnessed their Diaspora by establishing industries where returning citizens could work and contribute their expertise.

Akpoti-Uduaghan called for the development of high-tech zones, textile hubs, and manufacturing sectors to ensured that skilled professionals could return home to viable job opportunities.

in Abuja on Thursday, TUC said it still stands by its position that the "excessive devaluation of the naira was the primary cause of rising inflation and the continuous increase in the prices of goods and services".

The communique read out by TUC president Festus Osifo said the union is focusing efforts on ways of addressing the root cause

of the economic challenges facing the country rather than merely reacting to the manifested symptoms.

Osifo said that TUC is demanding a better foreign exchange (FX) management regime from the Central Bank of Nigeria (CBN) as the naira is currently undervalued, as confirmed by both local and international experts.

Domesticate Laws on Financial Crimes, EFCC, Reps Urge State Governments Sunday Aborisade in Abuja The Economic and Financial Crimes Commission and the House of Representatives’ Committee on the EFCC yesterday urged state governments to domesticate and implement statutory laws against financial crimes.

Chairman of the Committee, Hon. Ginger Onwusibe and the Executive Chairman of the EFCC, Ola Olukoyede made the call in Abuja.

They spoke during the opening session of a three-day workshop on: “Fiscal Responsibility and Transparency,” organised by the House panel in collaboration with the EFCC in Abuja.

They admonished public officials in the country to avoid corruption tendencies capable of derailing the development strides of the country.

The workshop, facilitated by Barclays Global Consult Nigeria Limited, was attended by over 100 state and elected local government officers from Jigawa State.

Onwusibe was represented at the event by the Acting Clerk to the House of Representatives Committee

on Financial Crimes, Austen Tolu Adesoro.

He noted the country has been battling public sector corruption, money laundering, illicit financial flows, and various types of fraud for some decades, despite the current legal and institutional measures in place.

He encouraged state governments to domesticate and implement statutory laws against financial crimes as well as sensitise staff, citizens and stakeholders at all levels to promote ethical reorientation and change societal tolerance for corrupt practices.

He added the promotion of ethical whistleblowing and respect for public funds and property must be intensified, while personal responsibility and professionalism should be encouraged and rewarded to stimulate staff commitment to work.

Chairman of the EFCC, Olukoyede, represented at the workshop by the Acting Commandant of the EFCC Academy, Karu, Abuja, Chinwe Ndubueze, noted that fiscal responsibility is at the heart of accountable governance and efficient public service delivery.

10

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

TEN

2025 Budget: OPSN Commends FG’s Intention to Fund BOI, BOA with N1.5trn Canvasses exemption of manufacturers, real sector operators from 4.0% FOB import levy

Dike Onwuamaeze The chairman of Organised Private Sector of Nigeria (OPSN), Hon. Dele Oye, has commended the federal government’s decision to utilise the N1.5 trillion it is seeking to add to the proposed 2025 budget to fund the Bank of Agriculture (BOA) and Bank of Industry (BOI).

Oye said the move would improve productivity of the Nigerian economy. He appealed to the federal government to exempt manufacturers in implementation of four per cent levy on Free On-Board (FOB) value of imports in accordance with the Nigeria Customs Service Act (NCSA) 2023.

The FOB charge, according to the Nigeria Customs Service, is calculated based on the value of imported goods, including the cost of goods and transportation up to the port of loading.

Oye expressed the views

yesterday when he appeared on the Morning Show of Arise News Television.

He said, “We heard on Wednesday that the government is increasing the budget by N1.5 trillion. The good news there is that it is going to be used to support the Bank of Agriculture (BOA) and the Bank of Industry (BOI).

“The OPSN has been crying that these institutions should be properly funded so that we can have credits at reasonable single digit interest rates to support the productive sector.”

Oye, who is also the national president of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), asked the government and Central Bank of Nigeria (CBN) to put a cap on public borrowings and reduce the Monetary Policy Rate (MPR), so that there will be more money for the private sector.

“What we are asking for is reasonably priced loans and this economy will move,” he said.

Oye stressed that it was important for the government to consult OPSN before carrying out polices that affected their businesses.

He said, “On Wednesday we saw an announcement that the customs are going to commence charging four per cent on FOB for goods coming into Nigeria.

“But I will appeal, the government should suspend that for now or at least direct it on people who are importing luxury goods.

“Any person that is in production and using FOB as raw materials should not be saddled with the four per cent. It used to be one per cent until the NCSA of 2023 hiked it to four per cent.

“We are asking that there should be no addition to our cost of production.”

Oye also urged the government

to ensure that operations of the Free Trade Zones (FTZs) in Nigeria were made as competitive as those in neighbouring countries, such as Ghana.

According to him, the FTZs are major catalysts in economic growth and “if we make them as competitive as in neighbouring countries, like Ghana and others, they will be another easy way to grow the economy”.

He said the government should be worried whenever banks were doing very well while the industrial sector was collapsing.

Oye described the Nigerian economy as a largely rent seeking economy, where banks made huge profit on high interest rates they were getting from government, pointing out that “almost 25 per cent of the federal government’s budget is going into interest payment”.

Oye also warned that increasing taxation in order to enhance

public revenue without improving production would leave everyone naked, eventually.

He said, “The best sustainable way is not more taxes but creating an environment where investments could flow freely.

“We have to make Nigeria more competitive than its neighbours for us to be the destination for businesses. Promoting productivity and not taxation is the way to go.”

He identified reasonable regulations, access to single digit loans, stable foreign exchange rate of N1000/dollar, and improved stakeholders’ engagement as necessary ingredients for promoting economic productivity in Nigeria.

According to him, “If we have these, the government can relax and collect its taxes. If Naira is well priced inflation will be tamed and agitations for more wage increases will stop.

“So, government should not be

OPSN Chair, Hon. Dele Kelvin Oye the one fuelling inflation through taxation and sanctions.

“Government should be a catalyst for investments by providing reasonable regulations and environment for people to do business.

“It should support local production and local industries to become global players.

FEMALE GENITAL MUTILATION VIOLATES RIGHTS, WE WILL END THE MENACE, DECLARES FIRST LADY

Deji Elumoye, Michael Olugbode and Kuni Tyessi in Abuja

The First Lady, Senator Oluremi Tinubu, has declared Female Genital Mutilation (FGM) as a human rights violation without any health benefits, promising that the administration of her husband would end the menace.

Mrs. Tinubu, however, disclosed that by international projection, about 34 million Nigerian women and girls stood the risk of Female Genital Mutilation by 2030.

In a statement commemorating this year's International Day of Zero Tolerance for Female Genital Mutilation, the first lady quoted the UNFPA as saying Nigeria has the highest absolute number of FGM globally.

She said over 20 million women and girls had undergone FGM while about 14 million girls were still at risk of also experiencing this practice by 2030.

Corroborating the position of the first lady, the Minister of Women Affairs, Imaan SulaimanIbrahim, reaffirmed the federal government’s commitment to eradicating Female Genital Mutilation (FGM) in Nigeria.

Sulaiman-Ibrahim highlighted the urgent need for action, noting that Nigeria accounted for 19.9 million women and girls affected

by FGM, with a prevalence rate of 20% among women aged 15 to 49.

Her remarks came during a press briefing in Abuja to mark the International Day of Zero Tolerance for FGM. At the same time, the National Human Rights Commission (NHRC), has called for strengthening of collaborations to end female genital mutilation (FGM) in the country.

Executive Secretary of the Commission, Dr. Tony Ojukwu, made the call in his message on the Day of Zero Tolerance for

the Practice of Female Genital Mutilation (FGM).

The theme of this year's commemoration is “Stepping Up the Pace: Strengthening Alliances and Building Movements to End FGM”, observed on the 6th of February every year.

However, describing FGM as a violation of human rights without health benefits, Mrs. Tinubu has canvassed both global and local support and partnership to end the inhuman practice.

She gave an assurance that the President Bola Tinubu-led government at the centre was committed to ending the health menace.

"As we commemorate the 2025 International Day of Zero Tolerance for Female Genital Mutilation (FGM), with the theme, Stepping Up the Pace: Strengthening Alliances and Building Movements to End FGM, we are reminded of our shared responsibility to protect the rights and dignity of girls and women.

"Female genital mutilation is a human rights violation and has no health benefits. According to UNFPA, Nigeria has the highest absolute number of FGM globally, with over 20 million women and girls that have undergone FGM and if care is not taken, about 14 million girls are still at risk of also experiencing this practice by 2030.

"Although Nigeria has made significant strides toward eliminating FGM, due to the collaborative efforts of the government, UNFPA/UNICEF Joint Programme, civil society, traditional Institution and community leaders, there is still much work to be done.

"We must remember that violence against women is not just a women's issue but an issue against humanity. It affects us all, erodes our shared values of respect and dignity.

“We must recognise that every person, regardless of gender,

deserves to live free from fear, discrimination, and violation.

"This year’s theme calls for renewed commitment, stronger partnerships, and continued investment to end this harmful practice.

"Together, we will strengthen the movement against FGM by building alliances across sectors, empowering survivors, and ensuring that youth and women lead the charge.

"The administration of President Bola Tinubu remains committed to ending FGM and I will continue to advocate the necessary support.

Our collective voice is our greatest strength, and with united efforts, we can achieve a Nigeria free from FGM. "Let us continue to work together, for our girls, for our women, and for a future where Female Genital Mutilation no longer exists."

The Women Affairs Minister, said, “We are not just marking another international commemoration today; we are using today to reaffirm our commitment to ending one of the most serious violations of human rights - Female Genital Mutilation (FGM).”

Describing FGM as a public health crisis and a significant development challenge, the minister emphasised that it impeded progress toward achieving key Sustainable Development Goals (SDGs).

To tackle the issue, SulaimanIbrahim outlined the government’s multi-sectoral strategy, which included strengthening legal frameworks, scaling up community interventions, and promoting cultural and behavioral change.

She called on stakeholders to collaborate in the fight against FGM, stressing it was a violation of human rights.

“The fight against FGM is not the responsibility of one ministry, one organisation, or one sector.

SHOWING UNSERIOUSNESS, HOUSE TARGETS 67 STATES, PROPOSES CREATION OF ADDITIONAL 31

Borno; and Muri State from Taraba.

The proposal inculded New Kaduna State and Gujarat State from Kaduna State; Tiga and Ari from Kano; Kainji from Kebbi State; Etiti and Orashi as the 6th State in the Southeast; Adada from Enugu; and Orlu and Aba from the Southeast.

Others were Ogoja from Cross River, Warri from Delta, Ori and Obolo from Rivers, Torumbe from Ondo, Ibadan from Oyo, Lagoon from Lagos, and Ogun, Ijebu from Ogun, and Oke Ogun/Ijesha from Oyo/Ogun/Osun states.

The letter further stated: “As amended, this section outlines specific requirements that must be fulfilled to initiate the process of state creation, which include the following: New

state and boundaries. 1. An act of the National Assembly for the purpose of creating a new state shall only be passed if it requires support by at least the third majority of members.

“The House of Representatives, the House of Assembly in respect of the area, and the Local Government Council in respect of the area is received by the National Assembly.

Local government advocates for the creation of additional local government areas are only reminded that Section 8 of the Constitution of the Federal Republic of Nigeria, as amended, applies to this process.

“Specifically, in accordance with Section 8.3 of the Constitution, the outcome of the votes of the State Houses of Assembly in the referendum

must be forwarded to the National Assembly for fulfilment of state demands.

"Proposals shall be resubmitted in strict adherence to the stipulations.

Submit three hard copies of the full proposal of the memoranda to the Secretariat of the Committee in Room H331, House of Representatives, White House, National Assembly Complex, and Abuja. Sub-copies must also be sent electronically to the Committee’s email address at info.hccr.gov.nj.

“The committee remains committed to supporting the implementing efforts that align with the constitutional provisions and would only consider proposals that comply with the stipulated guidelines."

It is a collective responsibility.

FGM is not culture; FGM is not tradition.

“FGM is a human rights violation. Together, let us #UNITE2ENDFGM. Together, let us ensure that every girl in Nigeria is free to live, free to dream, and free to thrive.”

The minister pledged continued efforts to amplify the voices of survivors, strengthen law enforcement, and promote education and economic empowerment for women and girls.

Planned activities included an advocacy walk to the National Assembly to engage lawmakers on enhancing legal frameworks and budget allocations for anti-FGM programmes. An advocacy visit to Jigawa State would also be conducted to mobilise grassroots organisations and engage community leaders.

The NHRC boss, Ojukwu, reminded the citizens, healthcare workers and other duty bearers of the need to strengthen their collaborations to end FGM in Nigeria.

He noted that the commission had always been at the forefront of eradicating the painful, unhealthy, harmful and degrading practice of FGM right from time.

Ojukwu observed that NHRC in collaboration with the United Nations Population Fund (UNFPA) and Civil Resource

Development and Documentation Centre (CIRDDOC) had in 2017 produced a training manual on human rights and other related issues of FGM in Nigeria to stem the tide of this human rights violation in various communities across the federation.

"The manual provides a general background analysis of women's human rights and Female Genital Mutilation, which is a type of violence against women and girls.

The manual also provides a guide for reporting FGM in line with the prescribed standard," he added.

He further disclosed that with the support of UNFPA/UNICEF, the commission undertook a joint programme on elimination of FGM, conducted training for stakeholders on the use of the developed manual in five programme focal states namely – Imo, Ebonyi, Osun, Oyo and Ekiti and available statistics have indicated positive changes geared towards eliminating, FGM in the country.

“The use of the manual and training will be replicated in other endemic states in the country depending on the availability of resources.

"Participants at the training in the aforesaid states were drawn from relevant MDAs, CBOs, FBOs, Media, Security Agents, Traditional Rulers and CSOs/ NGOs and at the end of the exercise, thereafter participants

prepared independent and shadow reports," the Executive Secretary stated.

According to the Executive Secretary, apart from the aforementioned effort to eliminate FGM in the country, the commission with the support of EU-UN Spotlight Initiative in 2019 established the defunct Special Independent Investigation Panel on Sexual and Gender-Based Violence.

The panel, headed by the Executive Secretary, sat in the six geopolitical zones of the country, successfully heard and determined complaints of SGBV, and provided empowerment for victims including supporting women to acquire skills and engage in various forms of business activities to earn a living and assist their families instead of depending solely on their husbands who may lack the capacity or willingness to cater for their families.

He used the occasion to urge Nigerians to report all cases of FGM and other human rights violations to the Commission,which would in turn take appropriate actions to ensure the protection of the rights of the victims in accordance with municipal, regional and international laws.

He urged citizens to leverage the NHRC toll-free line 6472 to report any case FGM and other cases of human rights violations to the Commission.

MAN: 2013 POWER SECTOR PRIVATISATION UNFRUITFUL, OPERATORS LACK TECHNICAL, FINANCIAL CAPACITY TO DELIVER OPTIMALLY

Companies (DisCos) after the last unwarranted increase.

It also asked government to conduct a study on the impact of the increase on the manufacturing sector, in particular, and businesses and households, in general Ajayi-Kadir urged the government to sincerely and critically interrogate the so-called cost reflective tariff template of the DisCos, and audit their level of commitment to investment in distribution infrastructure.

He emphasised that electricity was a critical input in manufacturing processes, with significant effect on production cost and prices of products.

The statement said, “It was based on the critical importance of energy security in achieving the industrial aspiration of Nigeria, that the power sector was privatised in 2013 to improve the scale of energy supply to the nation, particularly the industries.

“Unfortunately, this particular privatisation has not yielded the desired results. It is widely believed that this is because the operators in the value chain lack the technical and financial capacity to operate and deliver optimally.”

Ajayi-Kadir pointed out that the Nigerian power sector’s installed capacity, put around 10,000 megawatt (MW), had not been fully utilised due to the limited capacity of the power

generating companies (GenCos) and DisCos to generate and distribute adequate electricity nationwide.

He said, “Despite the inability to meet the consumer demand, we have witnessed consistent increase in tariff without a commensurate and good quality supply.

“According to the National Bureau of Statistics (NBS), the electricity supply stood at 5,909.83 (Gwh) in Q2 2023 but reduced to 5,769.52 (Gwh) in Q1 2024 and 5,612.52 (Gwh) in Q2 2024, when the tariff increase of over 230 per cent was implemented.

“Thus, indicating 5.03 per cent decrease year-on-year and 2.72 per cent quarter-on-quarter.”

According to him, MAN has severally advocated increase in electricity supply from the abysmal average of 4,000MW of electricity per day for over 200 million people.

He said Nigeria needed more than 30,000MW of electricity to appreciably meet the growing electricity demand by businesses and households in the country.

Ajayi-Kadir also advised the government against yielding to any proposed increase in electricity tariff because it would be “inimical to the competitiveness of Nigerian products and businesses”.

He said such increase would also further exacerbate the effect of high

cost of production, worsen the current inflationary pressure, aggravate the pressure on the disposable income of the average Nigerian, increase the unsold inventory of manufacturers, erode their profit margin, increase unemployment rate, and lead to closure of more private businesses.

The MAN director-general stated, “The persistent increase in tariff means that consumers will continue to bear the brunt of the inefficiency in the electricity value chain. “As it stands, manufacturers are disadvantaged as the increase cannot be transferred to consumers who are currently battling with low purchasing power.

“However, I am not certain that the federal government has reached the conclusion that electricity tariff would be increased. I hope not.”

According to MAN, it goes without saying that incessant increase in electricity tariff in Nigeria is hindering the performance of the manufacturing sector and growth of the economy.

It said, “No nation can attain significant industrial development without energy security, which is timely access to sustainable and cost-effective energy.”

MAN added that “sustainable and low-cost energy supply provides incentives for scale production and competitiveness of the industrial sector”.

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

11

12

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

FEDERAL REPUBLIC OF NIGERIA

RIVERS STATE GOVERNMENT PORT HARCOURT WATER CORPORATION SPECIFIC PROCUREMENT NOTICE (SPN) INVITATION FOR BIDS (IFB) – SMALL WORKS (ONE-ENVELOPE BIDDING PROCESS) IFB Number: Employer: Project: Contract title:

IFB No: PHWSS/AfDB/NCB/WKS/2024/001 Port Harcourt Water Corporation, Port Harcourt, Rivers State Urban Water Sector Reform and Port-Harcourt Water Supply and Sanitation Project Construction of Public Sanitation Facilities in Port Harcourt and Obio Akpor LGAs

Country: NIGERIA Loan No. / Grant No.: 2000130011585 Procurement Method: O P E N C O M P E T I T I V E B I D D I N G (National) NCB No: PHWSS/AfDB/NCB/WKS/2024/001 th Issued on: February 7 , 2025

US$500.00 or its equivalent in a freely convertible currency. The method of payment will be in Cheque or Bank Draft, made out in favor of PORT-HARCOURT WATER CORPORATION. The document will be sent by courier on demand.

6.

Bids must be delivered to the address below on or before Friday March 7, 2025 at 10:30 AM. Electronic Bidding will not be permitted. Late Bids will be rejected. Bids will be publicly opened in the presence of the Bidders' designated representatives and anyone who chooses to attend at the address below on Friday March 7, 2025 at 11:00 AM. 7.

All Bids must be accompanied by Bid Security of: Lot No. Description 1

1.

The Federal Republic of Nigeria has received Financing from the African Development Bank towards the cost of Urban Water Sector Reform and Port Harcourt Water Supply and Sanitation Project. It is intended that part of the proceeds of this loan will be applied to eligible payments under the contract for the Construction of Public Sanitation Facilities in Port Harcourt and Obio Akpor LGAs.

2

2.

The Port Harcourt Water Corporation now invites sealed bids from eligible bidders for the execution of the Construction of Public Sanitation Facilities in Port Harcourt and Obio Akpor LGAs.

7

3.

Bidding will be conducted through the Open Competitive Bidding (National), OCBN procedures as specified in the Bank's Procurement Framework [African Development Bank, Standard Bidding Document Small Works (One-Envelope Bidding Process) August 2021] and is open to all Bidders as defined in the Procurement Framework.

4.

Interested eligible Bidders may obtain further information from Chief Ibibia O; Walter with email address: watsanworks.phwssp@gmail.com and inspect the Bidding document during office hours (8:00 A.M.-4P.M.) on week days only at the address given below.

5.

The Bidding document in English may be purchased by limited eligible Bidders upon payment of a non refundable fee ofN750,000 or

3 4 5 6

8.

Bid Security

Rehabilitation/Construction of Public Sanitation Facilities in Port Harcourt 1 Rehabilitation/Construction of Public Sanitation Facilities in Port Harcourt 2 Construction of Public Sanitation Facilities at Waterfront 1 Construction of Public Sanitation Facilities at Waterfront 2

₦40.0M Or $25,000 ₦37.0M Or $22,000 ₦33.70M Or $20,600 ₦33.0M Or $20,000

Rehabilitation/Construction of Public Sanitation Facilities in ₦32.0M Or $19,000 Obio Akpor LGA Rehabilitation/Construction of Public Sanitation Facilities in ₦26.0M Or $16,000 Port Harcourt Waterfront Rehabilitation/Construction of Public Sanitation Facilities in ₦33.0M Or $20,000 Port Harcourt 3

Attention is drawn to the Procurement Framework requiring the Borrower to disclose information on the successful bidder's beneficial ownership, as part of the Contract Award Notice, using the Beneficial Ownership Disclosure Form as included in the bidding document.

9. The address referred to above is: The Managing Director Attention: Chief Ibibia O' Walter JP Port-Harcourt Water Corporation, 6 Water Works Road, Port Harcourt, Rivers State, Nigeria.

E-mail: watsanworks.phwssp@gmail.com SIGNED: MANAGEMENT

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

13

14

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

OUR BELOVED PARENTS AND GRANDPARENTS

Sixty years ago, you began a journey hand in hand, creating a legacy of love, strength, and unity. Today, we celebrate your incredible milestone with hearts full of joy and pride. Truly, 'diamonds are forever' and your love story is timeless and enduring.

Your love story is an inspiration to us all, a testament to the power of love, patience, and togetherness. Through every challenge and triumph, you've shown us the importance of dedication and commitment. Your unwavering support and affection for each other have been a beacon of light in our lives.

Thank you for being our guiding stars and for filling our lives with so much love. May the Lord continue to bless your union with joy, peace, and prosperity. May your days be filled with laughter, your nights with comfort, and your hearts with eternal love.

As we look forward to more years of cherished moments and family celebrations, we are grateful to God for the foundation of love you have built. Your journey together is a precious gem that we will forever hold close to our hearts.

With endless love and gratitude.

Your children and grandchildren

Chief John E.K. & Chief (Mrs) Victoria N. Odigie-Oyegun

60

Osazuwa, Osagie, Osaro, Efosa Grandchildren: Osayuki & Ava

FRIDAY FEBRUARY 7, 2025 • T H I S D AY

15

16

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

NEWS

DIASPORA INVESTMENT AND DEVELOPMENT BANK ON THEIR MINDS...

L:R: Member, Senate Committee on the Diaspora and Nongovernmental Organisations, Senator Victor Umeh; Chairman of the Committee, Natasha Akpoti-Uduaghan and Senator Orji Uzor Kalu, at the meeting of the panel .... yesterday

Helen Prest-Ajayi's Mother Affirms Daughter's Marriage to Late Tosin Ajayi Wale Igbintade Ninety-year-old Mrs. Ella Prest, mother of former beauty queen, Mrs. Helen Prest-Ajayi, yesterday, testified before a Lagos High Court, affirming her daughter's marriage to late Dr. Tosin Ajayi in 1996 under the Kalabari Native Law and Custom with her full consent and blessing.

Mrs. Prest made the affirmation during ongoing proceedings concerning the management of Dr. Ajayi’s estate.

Dr. Ajayi, who passed away on

April 26, 2020, left behind a complex legal battle between his estranged wife, Mrs. Adenike Oluyemisi Ajayi, and Mrs. Prest-Ajayi, as well as their daughter, Tomisin Ajayi.

The claimants, led by Mrs. Adenike Oluyemisi Ajayi and her children (Tomi Deru, Olumide Ajayi, Omolade Soetan, Mayowa Okeowo, and Bisola Ajayi), have filed a lawsuit (Suit No. ID/3364LM/21) against Mrs. Helen Prest-Ajayi and her daughter, Tomisin Ajayi, seeking declarations regarding the estate and inheritance rights.

In contrast, the defendants, led

by Mrs. Prest-Ajayi, contended that Mrs. Ajayi had been estranged from Dr. Ajayi for over 35 years before his passing and that the deceased had undergone a traditional Kalabari marriage to Mrs. Prest-Ajayi, entitling her to inheritance rights.

At the resumed hearing of the matter, Mrs. Ella Prest, the first defence witness, recounted that Dr. Ajayi expressed his intentions to marry her daughter in a letter dated March 14, 1996.

In the letter, Dr. Ajayi described his love for Mrs. Prest-Ajayi and his commitment to making her happy, asserting that their union would be based on the love of God and would ensure a stable, peaceful home.

Excerpts from the letter read in the open court stated: "Mum, I am sure about this and you have it in writing. I love Helen with a passion and she knows it.

“I pray to God to give me the wisdom and knowledge and

Environmental Restoration Fund: House Addresses $100bn Damage in Niger Delta Urges FG to halt divestment processes of oil companies

Juliet Akoje in Abuja

The House of Representatives has called for the establishment of an Environmental Restoration Fund, financed by international oil companies (IOCs) to comprehensively address the UNEP and BSOEC’s estimated $100 billion in damages across the Niger Delta and introduce community profit-sharing mechanisms to ensure that host communities benefit directly from oil and gas revenues.

The lawmakers also urged the federal government to immediately halt all divestment processes by

Shell, TotalEnergies, and other international oil companies (IOCs) until their historical environmental and social liabilities are addressed, and ensure there are no divestment proceeds without transparent consultations with Niger Delta communities and state governments.

The House consequently Mandated the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce compliance with the PIA and reject divestment applications that fail to meet the highest standards of corporate accountability and conduct detailed

assessments of new operators’ financial, technical, and environmental capacities before granting approval.

These resolutions followed the adoption of a motion of urgent public importance on the need to protect environmental integrity, community welfare and regulatory independence in the Niger Delta by halting divestments of international oil companies, including Shell and total energies moved by Hon. Kingsley Chinda at plenary on Thursday.

Chinda noted the Nigerian Petroleum Industry Act (PIA) vests the Nigeria Upstream Petroleum

Regulatory Commission (NUPRC) with the responsibility to regulate the upstream petroleum sector in line with national interest and global best practices.

He said that independent assessments, including those by the United Nations Environment Programme (UNEP) and the Bayelsa State Oil and Environment Commission (BSOEC), have documented the catastrophic environmental and health impacts of oil exploration in the Niger Delta, including contaminated water sources, soil infertility, loss of biodiversity, and public health emergencies.

everything I need to love and care for and make her a happy woman, which she deserves to be. We will both go for the stars and make you very proud.

"We have both from the beginning made the love of God the sure foundation of our family and nothing will be able to stop us from achieving a stable, peaceful home.

“I will care for her to your satisfaction. I will not take her from you, rather you will also have me as part of your support and you will be proud of us all.”

The witness confirmed that after receiving Dr. Ajayi’s proposal, all necessary Kalabari customs were observed, and she gave her consent to their marriage.

Mrs. Prest further testified that the marriage produced three children, with only Tomisin Ajayi surviving.

She explained that she had spent significant time with the couple, including staying at their homes in Nigeria and London.

In 2014, she spent an extended period with them at their London residence, emphasising that the couple had lived peacefully and had fulfilled all the necessary traditional rites to solidify their union.

During cross-examination, Mrs. Prest reiterated that the marriage was conducted in accordance with Kalabari custom.

When asked by the claimants' counsel, Mr. Adegoke, about wedding photographs, Mrs. Prest explained that she did not have any with her in court.

Justice Oluwatoyin Odusanya

adjourned the case to February 11, 2025, for further hearing.

In their statement, claimants averred that Mrs. Adenike Oluyemisi Ajayi was the only surviving spouse of Dr. Tosin Ajayi, who passed away on April 26, 2020.

They were seeking the following declarations: "That Mrs. Ajayi is entitled to the personal chattels and one-third of Dr. Tosin Ajayi’s estate.

"That the claimants and the second defendant (Tomisin Ajayi) are entitled to apply for and obtain Letters of Administration of the estate.

"That Ms. Helen Davies, the first defendant, is not entitled to any share in the estate or personal chattels of Dr. Tosin Ajayi.”

However, in their defence, the defendants claimed that Mrs. Adenike Oluyemisi Ajayi was estranged from Dr. Tosin Ajayi for approximately 35 years before his death.

They asserted that after their separation, Dr. Ajayi spent the next decade living alone until he met the first defendant, Helen Prest-Ajayi.

Following a courtship, Dr. Ajayi expressed his intention to marry Helen Prest, and they underwent traditional marriage rites according to Kalabari custom.

The defendants maintained that no traditional Yoruba marriage rites were performed, but that under the Kalabari custom, the wife enjoys inheritance rights if the husband predeceases her, as was the case with Dr. Tosin Ajayi.

They further contended that the deceased and the first defendant had performed all the requisite Kalabari traditional marriage rites.

Constitution Review: House to Hold Zulum Leads Delegation to Repatriate Exhibition on Gender Inclusion 7,790 Refugees from Tchad Republic

Juliet Akoje in Abuja

The House of Representatives Committee on the Review of the 1999 Constitution (as amended) in partnership with Advocacy for Civic Engagement Centre, ElectHER and National Assembly Library will next month hold an exhibition on gender inclusion, tagged, "Art for Governance".

The Deputy Speaker and Chairman of Constitution Review Committee, Rt. Hon. Benjamin Kalu, disclosed this in Abuja, Wednesday, when he received a delegation from Albright Stonebridge Group who paid him a courtesy visit in his office.

Addressing the delegation, Kalu explained that the initiative leverages art as a tool for advocacy, focusing on gender inclusion in leadership, particularly through the lens of the Constitution (Alteration) Bill, 2024, which seeks to reserve seats for women in the Nigerian National and State

Houses of Assembly.

According to him, the exhibition which will be held at National Assembly library also seeks to creatively engage stakeholders, foster public discourse, and catalyse action on gender inclusion in governance, through the power of art.

The Deputy Speaker said while the participation of women in Nigeria’s political sphere has gradually increased over the years, it is still far from optimal.

He made reference to low representation of women in the country’s Legislative Houses, assuring that the lawmakers are minded to redress that through the gender Bills.

Kalu also informed the delegation that the Constitution Review Committee also intends to hold 12 Regional and National Public Hearings, seeking their collaboration in optimizing advocacy to understand the cultural inhibitions that impede

women participation in governance.

The Deputy Speaker said this will help to advance deeper penetration and understanding of what the bills are for, prior to parliamentary votes.

He commended the delegation for their effort in driving economic growth and advancing opportunities in Nigeria, particularly in promoting gender equality and women’s empowerment in the country.

Kalu said: "On behalf of the Speaker; Rt. Hon. Tajudeen Abass PhD, I welcome you to the People’s Parliament, the House of Representatives. It is gratifying to meet with you today, Hon. Paul Ansah, and your team, especially the work you have done globally.

“With the established sterling achievements of the Founder; Madeleine Albright, we have no doubt that the current team led by Hon. Ansah will continue to reach significant milestones.

Michael Olugbode in Abuja

Borno State Governor, Prof. Babagana Zulum, has led a delegation of government officials from Nigeria to kick-start the repatriation of 7,790 refugees that fled the Boko Haram crises to Baga Sola in Tchad Republic.

The refugees, most of them indigenes of Borno, were displaced for nearly ten years by the insurgency which affected communities around Lake Chad Basin.

The delegation which includes the State Minister of Humanitarian Affairs and Poverty Reduction, Dr. Yusuf Sununu, and the Federal Commissioner/ Chief Executive Officer of the National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI), was received on Wednesday in Baga Sola by the Governor of Lac Province, Saleh Haggar Tidjani.

In the first batch of the repatriation

exercise, about 1,768 families comprising 7,790 people will return to Nigeria.

Before launching the first batch of the repatriation, Zulum attended the signing of a tripartite agreement in Baga Sola between the governments of Nigeria, Tchad and the United Nations High Commission for Refugees (UNHCR).

The Minister of Humanitarian Affairs, Dr. Yusuf Sununu, signed on behalf of Nigeria, the governor of Lac Province for the Republic of Tchad and Jerome Merlin, Second Rep UNHCR in Baga Sola, signed for the UN refugee agency.

Delivering his address at the signing-in ceremony, Zulum stressed that only those that have voluntarily indicated interest in returning will be repatriated.

The governor expressed gratitude to the government of Tchad for hosting thousands of Nigerians displaced by the crises in Borno.

Zulum’s delegation comprised the Head of Chancery, Nigerian Embassy in N’Djamena, Abdulkadir Ibrahim Ghani, Member of Borno State House of Assembly representing Kukawa, Hon. Karta Maina Ma’aji, Commissioners of Information and Local Government Affairs, Prof. Usman Tar, and Sugun Mai Mele and the Permanent Secretary Government House, Mustapha Ali Busuguma.

Meanwhile, the State Minister of Humanitarian and Disaster Management has commended Borno State Governor, Babagana Umara Zulum, for the leadership he has been providing in the service of the people of Borno State.

He said: “I want to thank the Executive Governor of Borno State for showing leadership during crisis and serving as a role model in terms of complete collaboration with the federal government and for providing all the necessary support.”

17

T H I S D AY • FRIDAY, FEBRUARY 7, 2025

NEWS

PRESS CONFERENCE ON DEVELOPING REAL ESTATE...

L-R: Chief Executive Officer, Top3 Solutions, Dr. Fatoumatta Gaye; Managing Director, 4Stone Capital, Dr. Elizabeth Kings-Wali; and Business Development Manager, Global Properties, Nyillan Fye, during a press conference on developing real estate between the both companies in Nigeria and Gambia held in Lagos… recently

Tinubu Sacks VCs of UNIABUJA, UNN

Dissolves Governing Council of UNIABUJA Drops Joy Emordi as Pro-chancellor of Alvan Ikoku University of Education Redeploys UNN Pro-chancellor, Maj. Gen. Ike Nwachukwu, to same position at UNIUYO Announces leadership changes in three other federal varsities Deji Elumoye in Abuja President Bola Ahmed Tinubu yesterday announced significant leadership changes at some federal universities, including the University of Abuja, now known as Yakubu Gowon University, and the University of Nigeria, Nsukka.

The changes, according to a release issued by presidential spokesperson Bayo Onanuga, are effective immediately.

At Yakubu Gowon University, Tinubu dissolved the Governing Council and relieved Professor Aisha Sani Maikudi of her duties as Vice Chancellor.

Senator Lanre Tejuoso, currently Pro-Chancellor of the University of Agriculture, Makurdi, was appointed Pro-Chancellor of Yakubu Gowon University. He will be succeeded in Makurdi by Senator Joy Emordi, currently Pro-Chancellor of Alvan Ikoku University of Education, Owerri.

To succeed Maikudi, Tinubu appointed Professor Lar Patricia Manko as Acting Vice Chancellor at Yakubu Gowon University for a six-month term, and she will not be eligible to apply for the substantive Vice Chancellor position.

In addition, the president removed Professor Polycarp Emeka Chigbu from his position as Acting Vice Chancellor at the University of Nigeria, Nsukka (UNN), before the end of his tenure on February 14.

Professor Oguejiofu T. Ujam was appointed as his successor for six

months, and he will not be eligible to apply for the permanent position.

The leadership changes at UNN extended to Pro-Chancellor, Major General Ike Nwachukwu (rtd), who was reassigned as Pro-Chancellor at the University of Uyo. Tinubu appointed Engineer

Olubunmi Kayode Ojo as the new Pro-Chancellor of UNN. Previously, Ojo held the same position at the Federal University of Lokoja and the Federal University of Oye-Ekiti.

Professor Zubairu Tajo Abdullahi, currently the Pro-Chancellor of the

University of Uyo, was appointed to succeed Ojo at the Federal University of Lokoja.

Senator Sani Stores, a council member at the University of Nigeria, Nsukka, was made the new Pro-Chancellor of Alvan Ikoku University of Education,

succeeding Emordi.

Olugbenga Kukoyi, a current council member at the University of Nigeria, Nsukka, was appointed new Pro-Chancellor of Nnamdi Azikiwe University, Awka, Anambra State.

Tinubu emphasised that the changes reflected his administra-

tion’s commitment to revitalising Nigeria’s higher education system through dynamic leadership and accountability.

The restructuring aimed to strengthen governance and academic excellence within Nigeria’s tertiary education sector, he stated.

INEC Closes Case without Calling Witness in Defence of Edo Guber Poll As governor opens defence Monday

Alex Enumah in Abuja

The Independent National Electoral Commission (INEC) on Thursday closed its case defending the September 21 governorship election in Edo State without calling a single witness.

The electoral umpire had on Wednesday tendered documents relating to the election with a promise to call five of its witnesses in defense of its declaration of the All Progressives Congress (APC's) candidate, Senator Monday Okpebholo, as winner of the September 21, governorship election in Edo State.

However, when the matter was called on Thursday, INEC through its lead counsel, Chief Kanu Agabi, SAN, informed the court that it

has reviewed the case and think it would be sensible to close its defense.

"After we left you yesterday, we gave more thoughts to the matter and came to the conclusion that the sensible thing to do is to close the case of the 1st respondent, which we hereby do", the senior lawyer said.

Agabi claimed that the 1st respondent did justice to the case during the cross examination of witnesses of the petitioners.

Responding, Mr. Adetunji Oyeyipo, SAN, who represented the petitioners (People's Democratic Party, PDP and its candidate, Mr. Asue Ighodalo), said he was not surprised by the action of the electoral umpire and as such would not be objecting to the closure of

the case without calling witnesses as earlier promised.

Lawyers of Governor Okpebholo and APC did not also object to the closure of the 1st respondent's case.

Chairman of the three-member election tribunal, Justice Wilfred Kpochi in a short ruling held that, "the request is granted and the 1st respondent's case is hereby closed".

Meanwhile, 2nd respondent's (Senator Monday Okpebholo) lawyer, Mr. Onyechi Ikpeazu, SAN, prayed the court for a date in the coming week to enable him open his own defense, because he never envisaged that the 1st respondent would close its case on Thursday.

"I have not arranged for witnesses to be moved from Benin. A date next week would be okay", he said,

just as he promised not to use the entire 10 or five days allotted to the 2nd respondent.

Reacting to the request, petitioners lawyer, pointed out that adjourning the matter till Monday next week would be too long and urged the court to adjourn to Saturday, for the opening of the defense of the 2nd respondent.

However, INEC and APC did not oppose to adjourning till Monday next week.

The panel subsequently fixed Monday February 10, for the governor to open his defense.

Recall that the tribunal had on Wednesday adjourned to Thursday to enable INEC call in its witnesses in defense of the September 21 governorship election in Edo State.

At Wednesday's proceedings, INEC had tendered documents which include; Certified True copies of the Collation of result at the State level (Form EC8D), the declaration of results and the regulations and guidelines for the conduct of elections, 2022.

Abdullahi Aliyu, SAN, who tendered the documents, however informed the tribunal that five of its witnesses were held up on their trip from Benin City and as such would be asking for a short adjournment, adding that the 1st respondent would use just one day to conclude its case.

However, at Thursday's sitting, INEC announced that it would be closing its case and would not be calling any witness.

Food Security: 558 Young Farmers to Benefit from Barau's N2.79bn Agric Loans Each beneficiary gets N5m to boost farm produce Project’s second phase targets cash crops production in North West

Sunday Aborisade in Abuja Deputy President of the Senate, Jibrin Barau, yesterday unfolded a comprehensive arrangement to empower 558 young farmers across seven northern states who would benefit N5m each from his N2.79bn Barau Initiative for Agricultural Revolution in the North West (BIARN).

Barau who stated this at a news conference addressed by his Special Adviser on Policy and Monitoring, Professor Bashir Muhammad Fagge, said the initiative was being coordinated by his foundation, the Barau I Jibrin

Foundation (BIJF).

The deputy President of the Senate said the second phase of the project would target efforts at reviving the agriculture sector in the seven North West states.

He also said that necessary arrangements were being perfected with the military, security agencies and traditional institutions and youth groups in the region to provide security cover for all the farmers, their farms and crops.

He said the 558 young farmer millionaires were expected to take advantage of the current farming season this year to move to their

various farms and start crop planting.

“Each of the three young farmers would be selected from each of the 186 local government areas of the seven states that comprise the North West geopolitical zone, namely, Kano, Kaduna, Katsina, Kebbi, Jigawa, Sokoto and Zamfara.

“Each beneficiary will receive N5 million to invest in farming during this season. The total sum of N2.79 billion will be disbursed to the beneficiaries,” he said.

He said BIARN was established to boost the agricultural sector towards attaining food security in line with

President Bola Ahmed Tinubu's Renewed Hope Agenda.

Barau said: “Food security is paramount and at the top of the agenda of progressive nations globally. Without it, you are insecure at the individual, family, local government, state, and country levels.

“If you recall, decades ago, the North, especially the North West, was our country's food basket, producing most of the agricultural products for consumption by the people nationwide and even for export to our neighbouring countries. However, that has become history.

“To change the narrative and harness the enormous arable land across the seven North West states, I have developed the initiative of empowering 558 young farmers in the North West geopolitical zone for the first phase of the programme.

“The Barau Initiative for Agricultural Revolution in the North West (BIARN) programme aims to use the vast arable land in the geopolitical zone to restore its agricultural prominence and achieve food security.

“My foundation, the Barau I Jibrin Foundation (BIJF), is partnering with a relevant national financial institution

to implement this programme.

“It will interest you to know that we have had a series of meetings with the institution's management.

Arrangements for the project's launch are almost complete.

“The initiative's targeted April this year to launch fully, ahead of this year's farming season.

“Under the BIARN, three young farmers will be selected from each of the 186 local government areas of the seven states that comprise the North West geopolitical zone - Kano, Kaduna, Katsina, Kebbi, Jigawa, Sokoto and Zamfara.

18

T H I S D AY • FRIday FEBRUARY 7, 2025

Politics

Acting Group Politics Editor DEJI ELUMOYE Email: deji.elumoye@thisdaylive.com 08033025611 sms only

Uba Sani: An Award Well Deserved

Sadiq Barda explores the reasons behind Governor Uba Sani of Kaduna State’s recognition as THISDAY/Arise News Governor of the Year, shedding light on the achievements and leadership qualities that earned him the award.

L

ast week, the crème de la crème of Nigeria’s elite, including titans of industry, gathered at the prestigious Eko Hotel in Lagos to commemorate the 30th anniversary of THISDAY Newspaper and the 12th anniversary of Arise TV. The event, a glittering confluence of the nation’s political and business aristocracy, was further adorned with the presentation of awards across various categories, honouring Nigerians who have distinguished themselves in leadership roles over the past year.

The award night was a symphony of elegance, a tapestry woven with threads of glamour, inspiration, and celebration. It was a night where time seemed to pause, and the air itself sparkled with the weight of achievement and the promise of dreams realised. It was a night where the past, present, and future converge - a celebration of milestones achieved and a ray of hope for aspirations yet to be fulfilled. It was a night to reward perseverance, innovation, and the indomitable spirit of those who dare to dream. It was indeed a night for the man at the helm of affairs in the Center of Learning.

Among those celebrated was the Governor of Kaduna State, Senator Uba Sani, a figure who shuns the limelight and rarely indulges in self-promotion. Yet, his quiet but revolutional leadership approach earned him the coveted title of “Governor of the Year.”

This accolade was bestowed following a rigorous and meticulous evaluation by the organizers and editors of THISDAY Newspaper and the Arise News Group, who scrutinised his contributions with the precision of a master jeweler appraising a rare gem.

The award was undoubtedly welldeserved, considering his remarkable trajectory and the firm dedication he has demonstrated toward fostering good governance. Governor Sani has not only brought immense pride to the people of Kaduna State but has also been a source of great honour for his party, the All Progressives Congress. His exemplary performance has naturally garnered increased support for the party within the state.

Under Senator Sani’s stewardship, Kaduna State has metamorphosed, witnessing unprecedented strides in development over the past year. His achievements come as no surprise to those familiar with the governor’s trajectory. His journey, from a fiery activist to a compassionate politician, has been etched with a firm commitment to prioritizing the welfare of the people.

Like a steadfast lighthouse guiding ships through turbulent waters, his leadership has consistently placed the concerns of the populace at the forefront, illuminating a path toward progress and prosperity.

Since transitioning from the Senate to the helm of Kaduna State in 2023, Sani has continued to embody the essence of a silent achiever. His governance is a masterclass in humility, focus, and an undiluted dedication to the people he serves. In a political ecosystem often dominated by theatrics, Governor Sani’s actions resonate like ripples across a still pond. His leadership is an embodiment of the power of humility, a rare gem in the cacophony of modern politics. The Kaduna State Governor is the kind of leader who doesn’t need a megaphone to make an impact. His presence is felt not in grand declarations, but in the quiet hum of progress: a school built, a community empowered, a life transformed.

Like a steady hand guiding a ship through stormy seas, Sani navigates the complexities of governance with a calm determination that inspires confidence and trust.

Over the past 18 months, the administration under Governor Sani has laid the foundation for transformative progress, initiating the construction of 62 road projects spanning over 700 kilometers across Kaduna State’s three senatorial districts.

rural economy as a cornerstone of Governor Sani’s visionary rural revitalization program. At the same time, the administration has not turned a blind eye to the neglected urban road projects inherited from its predecessor, ensuring that no corner of the state is left behind in its march toward progress.

Governor Sani firmly acknowledges that robust and well-constructed road networks serve as the foundation for economic vitality, linking farmers to markets, students to educational institutions, and communities to essential healthcare services.

The milestones the state celebrate today extend beyond mere infrastructure; they symbolize the government’s dedication to fostering a more interconnected, thriving, and equitable Kaduna State for all its residents. The central policy thrust of Governor Sani’s administration is Rural Transformation aimed at revitalising the rural economy and bridging the urban-rural divide. By investing in massive infrastructure projects, he is not only enhancing connectivity but also curbing rural-urban migration.

These developments have positively stimulated economic activities in rural areas, leading to a reduction in post-harvest losses and facilitating the easy transportation of farm produce to markets. This, in turn, had empowered farmers in the state and strengthened the local economy. These efforts are not just about development; they are about inclusion. They are designed to uplift the living standards of all residents and ensure that no one is left behind in the quest for progress This ambitious infrastructure drive stands as a testament to the government’s firm dedication to bridging gaps, fostering unity, and propelling development across the

state.

Like veins breathing life into a body, many of these roads have been strategically routed through rural areas, invigorating the

-Barda writes from Kafanchan.

NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

Lalong’s Wisdom as Plateau’s Gain

Okanga Agila writes that Senator Simon Lalong’s approach to governance during his tour of duty as Governor of Plateau State between 2015 and 2023, brought about unprecedented growth and development to the state.

L

he wisdom and leadership style of Senator Simon Bako Lalong have been a game-changer for Plateau State. His astute and sagacious approach to governance has brought about unprecedented growth and development to the state, earning him a reputation as a visionary leader. As a seasoned politician and detribalised nationalist, Lalong’s impact will be felt for generations to come.

Lalong’s wisdom came to the fore again when he resigned from his appointment as Minister to move to the Senate. This paved the way for the emergence of Prof. Nentawe Goshwe Yilwatda as the Minister of Humanitarian Affairs, Disaster Management and Social Development. This appointment is particularly significant for Plateau State, which has faced numerous humanitarian crises in the past.

The people can now breathe a sigh of relief, knowing that they have a representative in the federal cabinet who understands their unique challenges and is well-equipped to address them Lalong is not new to power and its attendant responsibilities. He served as the Governor of Plateau State from 2015 to 2023, before being appointed by President Tinubu as the Minister of Labour and Employment between August 21, 2023, and December 20, 2023. Following his election, he resigned to represent the people of Plateau South Senatorial District as a Senator of the Federal Republic.

As one of the founding fathers of the All Progressives Congress (APC), he has been an instrumental figure in shaping Nigeria’s democratic landscape. Lalong’s entry into politics began in 1998 when he temporarily

suspended his legal practice to pursue his political aspirations. His decision proved fruitful as he won the election to represent Shendam State Constituency in the Plateau State House of Assembly under the People’s Democratic Party (PDP). He later became the Speaker of the Plateau State House of Assembly, a position he held from 2000 to 2006.

During his tenure as Speaker, Lalong also served as the Chairman of the Conference of Speakers of the 36 States of Nigeria from 2001 to 2002. In 2014, he defected to the APC and contested the gubernatorial election, emerging victorious on May 29, 2015. He re-contested and won a second term in 2019. Lalong’s impressive track record and outstanding achievements led to his people calling upon him to contest the 2023 general election. He won the Senatorial seat to represent Plateau South Senatorial District at the Senate of the National Assembly, following

a legal battle. Today, Lalong continues to serve Nigeria, leveraging his wealth of experience to drive positive change.

During his eight-year tenure as Governor of Plateau State, he set an unprecedented record of accomplishments, surpassing all previous governors in the same period. His transformative impact touched every aspect of governance, benefiting all three Senatorial Districts in the state.

Lalong’s administration focused on physical infrastructure and sustainable environment, developing critical infrastructure such as roads and bridges. He also prioritized the transportation sector, developing systems to facilitate economic growth, and invested in education and agriculture to empower citizens and drive economic development.

Furthermore, Lalong improved workers’ welfare, enhancing salaries, pensions, and gratuities, and developed healthcare infrastructure and services. His commitment to peace and security led to initiatives that promoted harmony throughout the state. Notably, he completed the Mararaban Jama’a-British America Junction Road and the Secretariat Flyover Bridge, which had been inherited from the previous administration. He was also among the first State Governors to install street lights across the Jos-Bukuru Metropolis and constructed the Rantya Road network, Jos South, and the Wild Life-Rafiki JunctionMiango road.

-Agila writes from Abuja NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

19

T H I S D AY • FRIday FEBRUARY 7, 2025

Property & environment

Embrace Free Planning Information Service to Avoid Approval Challenges, Lagos Tells Developers Bennett Oghifo The Lagos State Government has urged property owners and developers to embrace its free planning information service to avoid undue challenges with planning approvals.

This was disclosed in Alausa recently by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide during a weekly briefing of senior management

staff of the ministry.

According to a statement by the Deputy Director, Public Affairs, Mukaila Sanusi, the Commissioner noted that urbanisation and population explosion had precipitated physical planning challenges, including housing gaps and planning infractions as property owners and developers try to exploit the gaps without doing due diligence with the Ministry of Physical Planning and Urban

Development before buying lands.

“However, it is disturbing to see people have their planning proposals turned down by the Lagos State Physical Planning Permit Authority, LASPPPA, simply because of the inappropriateness of the proposed uses and similar planning requirements, which would have been resolved by making initial recourse to our planning information service,”

he said.

He emphasised that the Lagos State Government, in line with its vision of Making Lagos a 21st-century Economy as indicated in the T.H.E.M.E.S.+ agenda, had invested heavily in Operative Development Plans,which designated the appropriate landsuses and different approval orders for various areas in the State to bring about organised, orderly and sustainable development

across Lagos State.

“In tandem with the above, government has also established the planning information service, obtainable free of charge either at the Ministry or LASPPPA. All a developer needs to do is to write and request for the service, which will aid the decision to purchase a land,” he said.

He added that planning information would remove doubt and assist property owners and developers to act

with knowledge and confidence as the service would adequately spell out the planning details of the land in question, such as its status, permissible uses and approvable heights among others.

He enjoined all Lagosians “to abide by planning regulations and support the development agenda of Mr. Babajide SanwoOlu administration in the State for the wellness and wellbeing of all.”

Afriland Properties Appoints Azubike Emodi Managing Director/CEO Fadekemi Ajakaiye Afriland Properties Plc., has appointed Azubike Emodi as MD/CEO. He succeeds Uzo Oshogwe who has led the company as its founding MD/CEO since 2013, and who,

Emodi

recently, was appointed CEO of Transcorp Hotels Plc. Azubike brings over 20 years of experience spanning financial services, real estate development, and strategic planning A visionary leader, he has consistently driven organisational growth and delivered transformative results in companies such as the Royal Bank of Canada, VFD Group, VBank, Anchoria Asset Management, and most recently, Herel Global, where he spearheaded high-impact financial and real estate projects.

Azubike will drive the vision of Afriland Properties, creating from value from its position as one of Nigeria’s largest land banks, and delivering

the significant residential and commercial real estate projects in its project pipeline.

The Chairman of the board of Afriland Properties, Emmanuel Nnorom, commented: “We are delighted to welcome Azubike Emodi as the new Managing Director/CEO of Afriland Properties Plc. His vast experience, strategic mindset, and exceptional leadership make him the perfect choice to lead the company’s next growth phase. With his expertise, we are confident that Afriland will continue delivering innovative real estate solutions and creating value for stakeholders. His leadership aligns seamlessly with our core values of Enterprise,

Excellence, and Execution.”

Expressing enthusiasm for the role, Azubike Emodi stated: “I am honored to lead Afriland Properties Plc at such a pivotal time. The company’s strong legacy of innovation and excellence in real estate development is unrivalled, and I look forward to working with our talented team to drive sustainable growth, create world-class properties, and enhance stakeholder value.”

One of Nigeria’s foremost real estate investment and development firms, Afriland Properties Plc remains dedicated to delivering sustainable, highvalue real estate solutions that meet the needs of Nigeria’s evolving urban landscape.

The company has developed iconic commercial landmarks, including Afriland Towers in Marina, Lagos, and Heirs Towers in Victoria Island, Lagos. The recently completed luxury development, The Residences in Ikoyi, further showcases Afriland’s expertise in creating premium real estate offerings.

Afriland is currently developing Afriland Estate in Karmo Abuja, a 104-unit residential community, alongside other projects that reflect its commitment to building modern, well-planned communities that uphold the highest quality standards.

The company continues to create long-term value for its shareholders, clients, and

partners through innovation, operational excellence, and sustainability.

Afriland Properties Plc is a real estate investment, development, and management company offering end-to-end services across the property value chain. With a portfolio exceeding N30 billion, spanning residential, commercial, and mixed-use developments across Nigeria, and one of the country’s largest land banks, Afriland is pioneering institutional real estate investment across Africa. The company remains committed to reshaping the built environment by delivering world-class projects that improve lives, enhance communities, and drive economic growth.

Collapsed Ikota Building Not in Our Estate, Says Megamound Fadekemi Ajakaiye A leading property development firm, Megamound Investment Limited has rebutted the news making the rounds in some sections of the social media alleging that a two- storey building that collapsed on Tuesday January 29,2025 at Mobile Road,Inikpa in the Ikota area of Ajah,is located

in its Estate.

The company issued a press statement signed by its Managing Director/ Chief Executive Officer, Asiwaju Olumide Osunsina to make the rebuttal:”Our attention has been drawn to some alarming and misleading news items stating that a building collapsed inside Lekky County Homes,one of our estate s developed and

being managed by Megamound Investment Limited, located within the Ikota -Ajah axis”.

The statement continued, “we categorically confirm that no building within Lekky County Homes collapsed and not at any time before.Upon further investigation,we were to ascertain that the incident involving a building collapse is entirely unrelated to our

Estate and pertains to a structure located far outside our Lekky County Homes Estate.

This unfortunate incident has no connection whatsoever to our developments or Lekky County Homes “.

Whilst urging everyone to exercise caution and refrain from spreading false information, rumours and unverified claims about the incident,the company

also warns,”any individual or entity found disseminating misleading or defamatory statements regarding the issue may be subject to legal action, including but not limited to claims for defamation,damages and other legal remedies available under the law” The company concluded in the statement that” Megamound Investment Limited maintains

the highest standards of safety and quality in construction in all our projects and any attempt to undermine our reputation will be met with the full force of the law”.

Megamound Investment Limited has carved out a niche for itself in the areas of construction,real estate development, management, dredging and financial intermediation.

Victor Umeh: FG Unserious in Building Mass Housing for Nigerians Vice Chairman of the Senate Committee on Land, Housing and Urban Development, Senator Victor Umeh, recently accompanied the Managing Director of Federal Housing Authority, Hon. Oyetunde Oladimeji Ojo to inspect the demolished houses in Abule Ado area of Lagos State. After the inspection, Senator Umeh told Charles Ajunwa that the matter has been largely resolved amicably. He also said that the federal government is unserious in building affordable and sustainable mass housing for the teeming population of Nigerians, wondering what the Federal Housing Authority will be doing with a capital base of N2.5 billion, among other issues

R

ecently, you accompanied the Managing Director of the Federal Housing Authority (FHA) to inspect demolished houses in Abule Ado area of Lagos State. What were your findings?

In November 2023, I saw on television where bulldozers were pulling down houses already built; very beautiful mansions were being brought down and people were wailing and crying.

Pictures were shown of where some families were displaced within short notice, and their houses brought down. I looked at it, I felt no matter who was living in that location, whether Igbo man or anybody, government should not be doing such a thing because the houses were not built overnight. If an estate has been largely developed, and the government was negligent or acquiesced to the development, it would be wrong in the day to come after the whole place had been built up for the government to wake up and start demolishing them.

When I saw it, I’m an estate surveyor and valuer, I’m a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and I read Land Law. I know that possession is nine-tenth of the law. If you allow somebody to be in possession of a piece of land, develop

it fully, and you wake up to go and drag the ownership, the law will protect the person who is there, because you wouldn’t have allowed the person to go to that extent before wielding the stick. On that understanding, I spoke out against the demolitions, and of course confronted the Minister of Housing who was appearing before the Senate at that time. I told him what was going on in Abule Ado Lagos was not acceptable. That these are Nigerians, you want to throw them into the streets after building those houses with their own resources.

Whatever the issues may be, whether defective title or anything can be discussed later, that the demolitions should be halted. I made that point to him, and he promised to look into it. The demolitions continued and I started receiving calls from people in distress in that location after they saw me speak against it on the television.

I went to see the Managing Director of the Federal Housing Authority when demolitions were being carried out by the agents of the Authority. The Managing Director then Senator Gbenga Ashafa who was my colleague in the 8th Senate received me very warmly, and I told him my mission. That these demolitions, one, is not good for Nigeria. Two, the way the demolitions were going on, is against natural

injustice as well. If these things have got to that level where over 5,000 houses have been built up, the government should not go in with bulldozers and begin to demolish indiscriminately. That there was need to halt the demolitions so that we can look at it both the Senate Committee and the Federal Housing Authority, will look at the matter and find amicable settlement to it. I met with him on a Monday, and they went on a Tuesday again. He told me that this thing has gotten out of hand. That the way I was pursuing this matter, that he feels too with the outcry and tension the thing has generated, that I should please allow them to work on a Wednesday. That there was a road they were trying to open which they said was blocked. I said no problem and by Wednesday midnight the demolitions were halted. Now, we started looking at how to find solutions to those that were found to build on drainage channels, because the claim was that some houses were built on drainage channels, some were built on areas marked for roads for the estate and it was because of the disorderly development that the demolitions started. We agreed to go and see those who built on drainage channels and those who built on areas marked for roads.

We set up a team that should go and check

these things, in the process there was a change of leadership. The President appointed Hon. Oyetunde Oladimeji Ojo, a former member of the House of Representatives as the new Managing Director.

Umeh

T H I S D AY FRIDAY FEBRUARY 7, 2025 20 TR

UT H

& RE A S O

Friday February 7, 2025 Vol 27. No 10895

N

opinion@thisdaylive.com

www.thisdaylive.com

TOWARD THE RISE OF THE AFRICAN GIANT

UZOR MAXIM UZOATU reckons that If This Giant Must Rise by Kayode Fayemi is a book whose time has come

See page 20

ON THE GRAMMYS AND AFROBEATS CULTURE

Winning Grammy is gradually becoming a regular experience among Nigerian music artists, writes JOSHUA J. OMOJUWA

See page 20

EDITORIAL

ON THE 2025 NIMET PREDICTIONS

21

1

El-Rufai’s attack on President Tinubu and the APC is unfortunate, argues ADEWALE OLORUNTOBA

EL-RUFAI, PRESIDENT TINUBU AND THE APC

Former Kaduna State Governor, Nasir El-Rufai, has once again demonstrated his trademark: launching an unwarranted attack on the administration of President Bola Ahmed Tinubu and the All Progressives Congress (APC)—the very party that elevated him to enviable national prominence, after he was humiliated by the then ruling Peoples Democratic Party (PDP). In his characteristic manner, ElRufai has chosen to bite the hand that fed him, turning against the party that gave him an unprecedented eight-year platform to govern Kaduna and play a pivotal role in national mainstream politics.

This latest outburst is not only hypocritical but also reeks of desperation, self-preservation, and entitlement. El-Rufai has a well-documented history of betraying those who have helped him climb the political ladder. His recent criticism of the APC and its leadership, after benefiting immensely from the party’s goodwill, exposes his insatiable hunger for power.

It is laughable that El-Rufai now claims the APC is failing, that its leadership recruitment process is flawed, and that the party no longer represents the ideals it was created to uphold. If the party is indeed in disarray, then El-Rufai himself must take a significant portion of the blame, as he was a key architect of the party’s policies and governance structure.

Has he suddenly forgotten that it was the APC that made him a two-term governor of Kaduna State? Has he also forgotten that it was President Muhammadu Buhari’s administration, which was an APC-led government, that made him a central figure in national policymaking?

El-Rufai would do well to remember that before the APC, he had been politically irrelevant after serving as Minister of the Federal Capital Territory (FCT) under President Olusegun Obasanjo. He spent years wandering in the political wilderness, and seeking relevance. It was APC’s emergence in 2013 that rescued his political career, offering him a fresh start.

Yet today, rather than show gratitude, he is busy trying to discredit the very structure that sustained him. The political goodwill of the APC robbed off his family, as one of the children rode to the Federal House of Representatives, chairing a juicy housing committee on Banking regulations.

El-Rufai’s political career is a testament to the generosity of the APC and its leaders.

Without APC, El-Rufai would never have won the governorship election in Kaduna.

The party’s strong structure and Buhari’s influence delivered victory to him. He should be thanking APC for his eight-year reign rather than attempting to discredit it.

As a governor, he was given immense influence over national policy matters. He served as the chairman of several high-

profile APC committees, including those on restructuring and governance. He was one of the most vocal defenders of the APC-led federal government during Buhari’s tenure.

Likewise, being an APC governor afforded him access to federal resources, security, and the political shield he needed to operate freely. He was shielded from opposition attacks from other quarters El-Rufai’s betrayal of APC is hardly surprising. He has a long history of turning against his benefactors when it suits his personal self-serving agenda.

Former President Olusegun Obasanjo readily comes to mind. After serving as FCT Minister, he turned against Obasanjo, publicly criticizing the same government that had made him relevant in the first place.

Enter former Vice President Atiku Abubakar. Once an ally of Atiku, he later became one of his fiercest critics, abandoning their political relationship when it was no longer convenient. Strangely, he is reportedly romancing the same Atiku for political gain after he has lost relevance in national politics.

What of immediate past President Muhammadu Buhari? After benefiting immensely from Buhari’s goodwill and support, he distanced himself when it became politically expedient.

Now, he is displaying the same attitude to APC and President Bola Ahmed Tinubu.

Despite benefiting from the APC platform for years, he is now painting a picture of a failed party and an incompetent leadership.

The pattern is clear. El-Rufai has a habit of using people and platforms to advance his political ambitions before discarding them when they no longer serve his interests.

El-Rufai’s claim that APC’s leadership recruitment process is dominated by “illiterates and cunning people” is not only

insulting but also hypocritical. If the party’s leadership selection process is flawed, then he must take responsibility, as he was one of the key figures shaping that process.

He conveniently ignored the fact that he himself was a product of that very system he now condemns. Did he complain when APC’s system favored him in Kaduna?

Was the party’s delegate system flawed when he emerged as the governorship candidate in 2015? His sudden realization of APC’s so-called failures now that he is out of government is nothing more than a desperate attempt to remain politically relevant.

El-Rufai’s attack on President Tinubu and the APC is nothing short of a desperate act by a man who sees his influence diminishing. His criticism is not born out of genuine concern for democracy or good governance, but rather out of frustration that he is no longer at the center of political power.

If he truly believes APC has lost its way, he should take responsibility for his own role in shaping the party over the past decade.

He should acknowledge that he is a product of the very system he now condemns.

Rather than launching baseless attacks, ElRufai should reflect on his own failures as a leader. His eight years as Kaduna governor were marked by insecurity, division, and controversy. He failed to unite Kaduna, and his governance style alienated many.

El-Rufai should focus on contributing positively to national development instead of trying to sabotage the party that gave him everything. Nigeria has moved beyond his brand of politics—one based on self-interest and deception. The APC and President Tinubu will move forward with or without him.

Oloruntoba writes from Abuja

T H I S D AY

321

FRIDAY FEBRUARY 7, 2025

UZOR MAXIM UZOATU reckons that If This Giant Must Rise by Kayode Fayemi is a book whose time has come

Winning Grammy is gradually becoming a regular experience among Nigerian music artists, writes JOSHUA J. OMOJUWA

TOWARD THE RISE OF THE AFRICAN GIANT It is rare to see African politicians, especially the Nigerian breed, espousing a pan-African credo now that primitive predendalism is all the rage. Dr. Kayode Fayemi, for me, is akin to a breath of fresh air. He evinces a vision that accommodates all of Africa, even as he has acquitted himself well at the communal, statewide and national levels.

The remarkable aspect of Dr. Fayemi’s undertakings is that he puts down his works in bound books. The written word is his forte, and he has just put out the new book If This Giant Must Rise: Interventions on Leadership and Governance in Africa. Back in 2005 he had published Out of the Shadows, his memoirs as an activist in exile.

If This Giant Must Rise: Interventions on Leadership and Governance in Africa, a book of inimitable currency, is made up of a Foreword, Preface, Nine Chapters and a Post-script. The title- chapters beautifully encapsulate the grist of the book, notably: “Facing the Future with Courage and Conviction; Twelve Lessons in Governance and Leadership; Alternative Politics, Political Alternatives, and Innovative Social Change in Nigeria; Moving from an Election Machine to an Organic Party; Addressing the Conundrum of Insurgency, Banditry and Kidnapping across Nigeria; If this Giant Must Rise: Prospects for a New Nigeria; Leadership-Peace Nexus in Africa: Reflections of a Scholar-Politician; Shifts in Global Power Relations and Implications for Africa; Nigeria in the changing World Order.

The Post-script, “Moving Forward and Rebalancing ‘Glocal’ Order”, rounds up a quite captivating book.

The erudite Prof Wale Adebanwi, Presidential Penn Compact Professor of African Studies, University of Pennsylvania, USA, who wrote the foreword to Dr. Fayemi’s 2012 book Reclaiming the Trust: Transformative Ethos for National Development also delivers a comprehensive foreword to If This Giant Must Rise entitled “A Scholar In Power: Reflections On Democracy And The Future Of Nigeria.”

In the words of Prof Adebanwi, “As a scholar-in-power, a remarkable activist who has made genuine contributions to the struggle for constitutional rule, a public administrator, a progressive political leader with significant capacity for patience and strategically deployed taciturnity – which can be unnerving to both friends and foes alike – though you have found yourself in an amoebic political system, in your post-office political life, if you cannot lead, you must definitely join, the movement to build a healthier political system.

On page 222 of the book, Reclaiming the Trust, you declared that Nigeria “need(s) a movement to escape further calamity.” Are you prepared to lead this movement? This is the kernel of my Foreword to this excellent volume. I wish you well in your post-office life and hope that you will recommit yourself to the efforts to make this country truly a federal republic, a democracy, an egalitarian polity and a pride to Global Africa.”

Dr. Fayemi has seen it all as a two-term Governor of Ekiti State, Minister of the Federal Republic Nigeria, Chairman of the Nigeria Governors’ Forum etc.

The work ethic in him has ensured that he never remained idle after leaving public office. He has acquitted himself as the President of the Forum of Regions of Africa (FORAF), a body of sub-national governments aimed at strengthening the capacity and relevance of the tier of government closest to the citizens.

He has also served as Professor at the African Leadership Centre in the School of Global Affairs, King’s College, London, his alma mater.

He has been involved in reflections and has thus made plans to establish a pan-African policy and leadership advancement institute aimed at mentoring a successor generation of young leaders and

providing them with relevant tools to tackle the governance and socio-economic challenges confronting the continent. Call it the Amandla Institute!

Dr. Fayemi stresses that the book If This Giant Must Rise is not the definitive account of his years in public service. He considers rendering such an account a little premature at this stage of his career.

It suffices to understand that If This Giant Must Rise contains lectures and papers delivered to various publics since he left office in October 2022.

As a holistic offering, If This Giant Must Rise affirms his conviction about the future of Nigeria and restates his faith in the irrepressible Nigerian spirit.

He thereafter outlines the twelve lessons that his experience has taught him are essential to governance and leadership. He then explores the politics of alternatives as veritable opportunities for social change, and restates the significance of building political parties with genuine ideological basis rather than mere election winning machines.

Dr. Fayemi explores the various dimensions of insecurity in Nigeria, and examines the prospect for the Nigerian renaissance as a giant not only on the African continent but also in global Africa.

He examines the link between leadership and peace within the African continent and the urgent need to develop a leadership framework for containment and peace-building. He surveys the evolving global order and the imperative of greater unity and solidarity for Africa. Finally, he drills down the continental challenge of the shifting global order to the national level and examines the implication of the new multi-polarity for Nigeria.

The binding bond of the different sections of the book, according to Dr. Fayemi, “is the imperative of leadership, governance and political transformation in Nigeria and in Africa.”

Dr. Fayemi sends forth this patriotic charge: “I would suggest that more than ever before, we must now draw in many more from the best among us and from all walks of life, to undertake the compelling task of retrieving our country from the multiple crises that have led some to believe that collapse is either imminent or inevitable. The task of national rescue and rebirth must be led by committed compatriots that are fired by the patriotic zeal for societal transformation, which must trump all other considerations or personal aspirations.”

There is no leaving out the backbone of Dr. Fayemi as he states: “My partner and wife, Erelu Bisi Adeleye-Fayemi deserves special mention for being the strongest pillar of support which anyone in public office could hope for.”

He holds aloft his dream thusly: “Let us hold the dream that Nigeria, this giant, will rise again and walk proudly among the comity of nations.

Uzoatu is a Journalist and Poet

ON THE GRAMMYS AND AFROBEATS CULTURE

Before making it to the World Cup in 1994, Nigeria had a few close calls. I remember a particular one because of the dramatic way the late Matthew Falade a.k.a 70-70 often narrated the stories. Mr Falade, an avid fan of sports and music — particularly a big fan of Mohammed Ali — told his stories like they had happened just the night before. With all the details and emotions accompanying the events. I still remember his narration of the Thrilla in Manila and the various things Ali did and said before the match. He even demonstrated the beginning of the game, how George Foreman, devoid of confidence, was readying himself whilst Ali already closed in on him. I remember his stories more than I remember watching them on YouTube.

Falade’s story on Festus Odiye and how Nigeria missed out on the 1978 World Cup was the toughest to take for me. He, like every Nigerian football fan at the time, believed that would have been Nigeria’s first appearance at the World Cup but for that own goal at a packed National Stadium in Lagos. Tunisia won the game, 1-0 and then went on to lead the group ahead of Nigeria and Egypt. It was 5 points to Tunisia, 4 to Egypt and 4 to Nigeria. Had Nigeria even drawn that game and things happened elsewhere like they did, it would have been 4 points to Nigeria, 4 points to Tunisia and 4 to Egypt, whilst both Nigeria and Tunisia would have ended on +2 goals — 2 points for a win. None of that mattered because Odiye had to run for his life as Nigeria missed out.

It took Nigeria another 16 years before making it to its first World Cup. Interestingly, save for the 2006 World Cup, the country went on to appear at every World Cup after that up to the 2018 World Cup. We went from being outsiders to being regulars.

That mirrors our story at the Grammys. We had some solo nominations through the years and near misses. King Sunny Ade’ Synchro System got our first nomination in 1984 in the Best Ethnic or Traditional Folk Recording. His Odu album also got nominated years later. He did not win either. Femi Kuti, Seun Kuti, Babatunde Olatunji, Wizkid, Kah-Lo, etc., racked up more nominations for Nigeria, yet the country continued to miss out on that plaque. It is worth noting that Babatunde Olatunji won Nigeria’s first Grammy in 1991 as a featured act when Planet Drum won the Best World Music Album.

If you put a question mark on Sade Adu’s 2002 win for Best Pop Vocal Album for Lovers Rock, then Burna Boy’s Twice as Tall winning the Best World Music Album in 2021 was the first time an artist who made music as a Nigerian and from Nigeria won a solo Grammy plaque. Tems landed another solo victory last Sunday, winning the Best African Music Performance category with Love Me Jeje, a remake of Seyi Sodimu’s hit song of the same name.

Grammy nominations have now become the norm for Nigerian acts. These days, the fans don’t even appear to acknowledge being nominated. They expect our acts to win even when nominated in the same category. There is a dark side that comes with that because as the culture expanded its influence

around the world, camps started to build up back home. I remember Burna Boy getting repeatedly trolled when African Giant lost out in 2020. I tweeted at the time it was an act in ignorance because Burna Boy, in my opinion, was destined to win multiple Grammys. Wizkid had his win, shared with Beyonce and co., treated like it was not enough an accomplishment.

This year, Davido has been on the receiving end of these trolls. He deserved a Grammy award as far back as 2018. But the Grammys universe wasn’t paying this much attention to Nigeria at the time. Obvious enough in the fact the great Fela never got a nomination. If our music was mainstream then, he’d be a multiple winner without a doubt. That is the subjective nature of awards. It speaks to why even some of the all-time American greats never won it till they passed. If Davido wants it enough, he will ultimately win it. It’s inevitable.

What I find funny in these now annual postGrammy trolling is that you will never find anyone who understands the pain of creating masterpieces troll anyone for missing out on a Grammy win after getting nominated. This doesn’t include those who were once defined by their artistic prowess, lost their way and have been desperately clutching to the relics of those lost times.

Amidst the trolling and what some will call banter, we must not lose sight of the truth; we are a country blessed with talents. In a meritbased world, Nigerians will always win. When they don’t, they will compete. It speaks to how far the country has come that in back-to-back years, one Nigerian artist or the other gets trolled for being snubbed by the Grammys.

It was Davido this week. It was Wizkid once, then Burna. Even Seun Kuti has had to watch his respectful nominations be treated like they never happened. Rema and Ayra Starr have had to bear some of the brunt of their own successes.

Losers aren’t trolled for not winning the big awards, because they don’t create anything of note. Congratulations to Tems for bringing it home this time. I remember Tems herself being mocked for not jumping up and down and screaming, “put your hands in the air” in one of her viral performance videos. She won a Performance Grammy. Congratulations to Yemi Alade for doing it her way and shining across the continent. To Asake and Rema and all the other nominees and winners. Congratulations to Wizkid and Bloody Civilian for their winning feature on the Bob Marley project. It helps to build our own platforms. That said, you can’t fault winning abroad either. Afrobeats is here to stay.

Omojuwa is chief strategist, Alpha Reach,BGX Publishing

22 4

T H I S D AY

EDITORIAL

Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com

C

FRIDAY FEBRUARY 7, 2025

ON THE 2025 NIMET PREDICTIONS The concerned authorities should heed NiMET’s forecast

onsecutive years of flooding and a lackadaisical attitude may be difficult to manage if authorities in the country don’t take the Nigerian Meteorological Agency (NiMet) 2025 Seasonal Climate Prediction (SCP) with seriousness. The impact of this natural occurrence is already showing in food supply, and environmental sustainability in subtle ways. Besides, we have lost hundreds of lives to floods which have also in recent years displaced millions of people as well as farmlands, livestock and other means of livelihood, especially for rural dwellers. Several local economies have collapsed while the interventions designed to ameliorate the suffering of those affected made little or no impact whatsoever.

NiMET has issued a grim warning that eight northern states will experience delayed onset of rainfall in 2025 while no fewer than 13 others will experience early rainfall. “A normal to below-normal annual rainfall is anticipated in most parts of Nigeria compared to long-term average,” said NiMET which also warns that “high-intensity rainfall is expected in May to June that may likely result in flash floods in the coastal cities.” As a pro-active measure to prevent what could be another human catastrophe, the agency has consistently advised state governments to ensure the relocation of Nigerians living in flood-prone areas. We hope that this timely advice is heeded so that we do not relive another national tragedy.

Even when accelerated desertification is threatening food supply in the Northern part of the country and rapid deforestation is shrinking agricultural productivity in the South, many key stakeholders are either unaware of the scale of the problem or fail to make the connections between the growing human and food security issues and the creeping effects of climate change. Yet, climate scientists project that by 2050, there would be up to a billion climate

refugees across the world, particularly from developing countries, including Nigeria. Our country is already ranked as very susceptible to the impact of climate change by several vulnerability indices produced by global research organisations.

On flooding, we note with particular concern that the crisis of recent years could have been avoided or substantially ameliorated. It was not avoided because the relevant state governments did very little to help. Some made perfunctory announcements immediately following NiMET’s warning and left it at that. In states where matters were taken beyond merely announcing the warning, the communities in the endangered areas were simply advised to evacuate, without any arrangements to relocate them. More shameful is that most of the places that were adversely affected by the flooding of recent years still bear the undiminished scars of the devastation. This, despite the fact that Nigerians were regaled with tales of federal government and private sector interventions, running into several billions of Naira without any meaningful impact on the lives of victims.

Experts have warned about the consequences of not preparing for the rage of nature, especially flooding. “A look at how past floods have been handled in Nigeria shows clearly that we are not short of predictions and forecasting of impending disasters¸” the Executive Director of Health of Mother Earth Foundation (HOMEF), Nnimmo Bassey once said. “Our governments and responsible agencies have consistently fallen short of the expectations of citizenry who have been routinely abandoned to battle the floods”.

Given the experiences of recent years, authorities in Abuja and the 36 states should take NiMET predictions seriously. They should all update themselves on vulnerable areas, what needs to be done and the reasonable time frame for meaningful pre-emptive action. Prevention, as conventional wisdom teaches, is always better than cure.

Our governments and responsible agencies have consistently fallen short of the expectations of citizenry who have been routinely abandoned to battle the floods T H I S D AY

EDITOR SHAKA MOMODU DEPUTY EDITOR WALE OLALEYE MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

T H I S D AY N E W S PA P E R S L I M I T E D

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI SNR. ASSOCIATE DIRECTOR ERIC OJEH ASSOCIATE DIRECTOR PATRICK EIMIUHI CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO TO SEND EMAIL: first name.surname@thisdaylive.com

Letters to the Editor Letters in response to specific publications in THISDAY should be brief (150-300 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (750- 1000 words). They should be sent to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.

LETTERS NASARAWA STATE VARSITY: KILLING A FLY WITH SLEDGEHAMMER

At the instance of the vice chancellor and the entire management of the Nasarawa State University, Keffi, the hammer is slamming down hard and fast on the students of the school for doing nothing order than organize, make demands of the management and seek clarification. In fact, for even attempting to organize and protest, the university is making a withering example of some students.

The university management took the extraordinary step of rusticating about 37 students for forming and joining a WhatsApp group with the aim of organizing a protest against the introduction of fees for a third semester.

The university has been in the news for taking a couple of extraordinary measures to check student unionism on campus.

Following an election into the school’s Student’s Union Government, the management alleged irregularities and violence before suspending the exercise.

It also took the extraordinary measure of proscribing the familiar student union government, before replacing it with a dubiously described student representative council. Curiously, the management also stipulated that ascension into the body shall be based on academic performance.

The university management may argue that it has taken these extremely shortsighted measures to forestall a breakdown of law and order on campus. But since it is clear that the students are becoming restive, it would be prudent to inquire into what caused the restiveness in the first place. Are the students suddenly giving in to dangerous mischief, or are the insensitive decisions of the management making life unbearable for the students?

Nigeria’s democracy owes a blood debt to student unionism in Nigerian universities. In the heydays of military rule, even when the country was under the most brutal dictatorships, students spread across Nigerian universities formed a battering bulwark against dictatorship. That some men and women who have gone on to play key roles in Nigerian politics and government started as student unionists is testament to the key roles student unionism has played in the history of the country.

So, why is the management university led by Professor Saadatu Liman intent, even desperate, on destroying what is a cradle of Nigeria’s democracy? The answer lies in the increasing intolerance underpinning the subtle dictatorship sweeping through the country.

In these days when the Department of State Services (DSS) and the Police do little more than hound critics of government and key institutions, the university is only borrowing a leaf to gag students under the cover of maintaining law and order.

It should be more important to the university management that students can express their opinions clearly and peacefully on campus without victimization. It should be equally important to the university that channels of communication are left open. Experience shows that people usually resort to violence only when their genuine and peaceful complaints are not attended to.

The management of the university should immediately rescind the rustication handed down to the students. In the circumstances, rusticating the students amounts to killing a fly with a sledgehammer. The university should also discard the utterly ridiculous idea of a Student Representatives Council in favour of Student Union Government and Students should be allowed to peacefully mobilize and form their government.

That is where democracy begins.

Kene Obiezu, keneobiezu@gmail.com

23

T H I S D AY • FRIday, February 7, 2025

BUSINESSWORLD R A T E S

MONEY MARKET

A S

A T

REPO

Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com

08056356325

F e b r u ar y

S & P INDEX

6 , 2 0 2 5

S & P INDEX

EXCHANGE RATE

OPR

25.34%

CALL

23.25%

INDEX LEVEL

595.26

1/4 to daTE

0.24%

N1,661.13/ 1 US DOLLAR*

OVERNIGHT

25.18%

1-MONTH

21.37%

1-DAY

0.10%

YEAR TO DATE

-10.99%

*AS AT THUR, February 6, 2025

3-MONTH

22.41%

MONTH-TO-DATE

0.24%

PMI Report: Growth in Private Sector’s Suffered 0.7% Decline in January

Dike Onwuamaeze In spite of sustaining the nascent growth in the Nigerian private sector that was witnessed in December 2024, the sector’s productivity suffered a marginal decline of 0.7 per cent in January 2025.

According to the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) report for January 2025, growth in the productivity of the private sector dropped from 52.7 per cent that was recorded in December 2024 to 52.0 per cent in January 2025.

The report stated that readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show deterioration.

The report said: “The headline PMI posted 52.0 in January, down from 52.7 in December but still above the 50.0 no-change mark, therefore, signalling a second successive monthly improvement in the health of the Nigerian private sector.”

Even though business activity rose solidly in January, after having returned to growth in December, the PMI’s report stated that “the

rate of expansion eased from the previous month.”

The report also projected that growth is likely to pick up across manufacturing and trade. It identified cement, food, chemicals and pharmaceutical products as the key sub-sectors that have been exceeding the manufacturing sector’s growth since Q4:22.

The report also showed that inflationary pressure is waning.

“There were signs of inflationary pressures softening in January.

Although rates of increase in both input costs and output prices remained elevated, in both cases

the rises were much weaker than seen in December.

“Overall input price inflation was the slowest since April 2024, while charges increased at the weakest pace in six months,” the report said.

Commenting on the PMI report, the Head of Equity Research West Africa at Stanbic IBTC Bank, Mr. Muyiwa Oni, said that “Nigeria’s private sector activity sustained its improvement in January 2025, albeit lower than levels seen in December 2024.

“Elsewhere, input prices increased at a slower pace while the pace of increase in output prices

is the slowest since July 2024.”

“Headline inflation averaged 33.18 per cent year-on-year (y/y) in 2024 from an average of 24.52 per cent y/y in 2023 mostly driven by significant foreign exchange (FX) depreciation; renewed petrol price increases in line with full petrol price liberalisation; structurally low food supplies exacerbated by high extreme weather conditions; and increased food demand, especially during the festive season,” Oni said.

He projected a moderation in the inflation rate in 2025 although the pace of the moderation is only likely to be faster in late Q3:25.

“Notably, we expect headline inflation to average 30.5 per cent y/y in 2025 and end the year at 27.1 per cent y/y. In 2025, we project the non-oil sector to grow by 3.2 per cent y/y from an estimated 3.0 per cent y/y in 2024.

“Growth is likely to pick up across manufacturing and trade, while ICT and finance and insurance should continue to play a big role in economic performance.

“However, agriculture will likely still lag its long-term average amid lingering internal security challenges, high input costs, and extreme weather conditions,” Oni said.

Concerns Mount over Shabby Treatment of Nigerian Visa Applicants by South Africa Embassy Chinedu Eze For several years there have been persistent and strident complaints about how South African embassy in Nigeria treats Nigerians who request for visa to travel to South Africa.

Many Nigerian visa applicants alleged they are treated with contempt and disrespect, negating the diplomatic rule of engagement as established by the Republic of South Africa government.

The Nigerian government having Africa as focus of its diplomacy, has always maintained a high level of friendship with African countries and over the years, does not act on knee-jack reaction to so many hostile actions meted to Nigerians by other African countries, especially South Africa.

But the media and diplomatic circles are inundated with the reports of hostility by South Africa embassy and its officials in interface with Nigerians who request to travel to their country.

Some of the victims of South Africa Embassy’s highhandedness spoke to THISDAY narrated how they were ill-treated after going through visa request process and making all the necessary payments.

The most shocking is the alleged connivance between the embassy officials and some Nigerians who strut as travel agents and who would plainly tell the applicants that if they do not pay a certain amount of money different from official cost of visa, they would not be given visa.

Some of these applicants had travel to South Africa in the

past for over 20 times and have many other current visas in their passport, including US, UK and Schengen visas, and what seemed so ridiculous are the excuses the embassy gives for denying them visa.

Take the case of a senior official with the Nigeria Civil Aviation Authority (NCAA). Ms. Florence Opia, who, by her work dictate as a former Cabin Crew, Instructor and now inspector, has travelled to over 50 countries and had also travelled to South Africa over 30 times.

But when she recently applied to travel to South Africa in December 2024, she met all the requirements, including hotel booking, which was at Holiday Inn Express Sandton-Woodmeed with reservation confirmation number,

travel date no longer valid, no source of income on bank statement, bank statement not convincing, and ‘no guaranteed booking at the hotel’.”

According to her, “The last time I applied for their visa, I applied on December 16 and went through VSF (the company that processes South Africa visa) on December 19, where I submitted my application with my bank statement, letter from my organisation, the Nigeria Civil Aviation Authority, hotel booking, but they just sent me a letter of rejection, saying that my hotel booking is not guaranteed and they put in bracket, email.

Can you imagine the ridiculous response? I paid for the hotel.

They usually ask for direct hotel booking because they do not

collect booking from hotelbooking. com or any of those search engines. So, I booked the hotel directly. The hotel print-out has all the room rate of all the class of rooms. I did pay on arrival arrangement and that was why they gave me the booking.

“They have the email address and the phone number of the hotel. I filled the visa form; it doesn’t have a space to put the hotel’s email address. All the hotel details are in the hotel booking and they could have confirmed if they wanted. I have been relating with these people for a long time because I have travelled to South Africa too many times; over 30 times.

The story continues online on

www.thisdaylive.com

M a r k e t d ata A s at T h u r s d ay, J a n u a r y 2 3 , 2 0 2 5

BONDS

Description Price Yield Change Updated Time (%) ^21.00 20February 99.96 20.94 0.00 6, 2025 MAR-2026 February ^16.2884 170.01 6, 91.87 21.23 2025 MAR-2027 ^19.94 20February 98.13 21.02 0.00 MAR-2027 6, 2025 ^13.98 23February 83.88 21.44 0.00 FEB-2028 6, 2025 ^21.00 20February 98.68 21.56 0.00 6, MAR-2028 2025

84815913, but after going through the interview process, somebody who claimed that he was a travel agent told her that if she did not pay N1.2 million she would not be given visa.

Opia did not pay and on February 4, 2025, the Department of Home Affairs, Republic of South Africa sent her a letter with title, Notice of Decision Adversely Affecting Right of Person. The letter explained, “With reference to your application for visitor’s visa dated 20 December 2024, you are in terms of provision of section 8 (3) of the Act, hereby notified that the decision is as follows: Refused. The reasons for the decision are the following: Documents lack credibility, insufficient funds, contradictory information, invalid bank statement,

BILLS Maturity NTB 6-Mar25 NTB 10-Apr25 NTB 8-May25 NTB 5-Jun25 NTB 10-Jul25

Discount Yield

Change (%) Updated Time

Maturity

22.00

22.38

February -0.01 6, 2025

21.31

22.12

February -0.01 6, 2025

20.75

21.88

February -0.02 6, 2025

19.26

20.55

February -1.08 6, 2025

21.21

February -0.05 6, 2025

CPST CP X 14-FEB-25 NSDL CP IVA 16-MAR-25 DANC CP XVI 23-APR-25 TGIF CP II 3-JUN-25 MCIL CP II 16-JUL-25

19.47

OTC F X F U T U R E S

CPs Discount Yield 28.23

28.40

31.53

32.60

22.61

23.72

27.55

30.21

23.39

26.06

Change (%)

Updated Time

February -0.01 6, 2025 February 0.00 6, 2025 February -0.01 6, 2025 February -0.02 6, 2025 February -0.01 6, 2025

Contract Current Tenor Contract Rate ($/₦) (Month) NGUS FEB 13M – 25 2026 NGUS MAR 14M – 25 2026 NGUS APR 15M – 29 2026 NGUS MAY 16M – 27 2026 NGUS JUN 17M – 24 2026

Updated Time

February 6, 2025 February 6, 2025 February 6, 2025 February 6, 2025 February 6, 2025

24

FRIday, February 7, 2025 • T H I S D AY

BUSINESSWORLD

Air watch

Fo r t u n e G l o b a l S h i p p i n g S e t t o Transform Nigeria’s Business Landscape Kuni Tyessi in Abuja Fortune Global Shipping and Logistics Limited is set to transform the business landscape of the logistics industry through services in oil and gas logistics, project cargo and lots more.

Managing Director and Chief Executive Officer of the company, Dr. Eric Opah, in a statement said the organisation is expanding into more regions across the globe with its latest addition of a corporate office in Benin Republic, while the Abuja and Lekki free trade zones which

follow soon will be part of asset acquisition to serve the clients better.

In the statement tagged, “Plans for 2025: Global Business Expansion, Exciting Benefits for Customers Top the List,” Opah said he remains committed to upholding and promoting global standards and will stop at nothing in providing value added services to support clients and help them thrive this year.

He said: “The organisation is expanding into more regions across the globe with its latest addition of a corporate office in Benin Republic,

while the Abuja and Lekki free trade zones which follow soon will be part of asset acquisition to serve the clients better.

“Much more, the number one Africa logistics partner has reiterated the commitment to provide innovative and ‘value-centric’ services in oil and gas logistics, project cargo and lots more.

“We remain committed to upholding and promoting global standards and will stop at nothing in providing value added services to support our clients and help them thrive this year.”

A i r Watch Growing Support for Najomo Confirmation as NCAA Boss

Foundation Targets 160 Youths for Scholarship in Aviation Studies Stories by Chinedu Eze The Isaac Balami Foundation has announced the official launch of its tuition-free aviation scholarship programmes, as part of the Isaac Balami Foundation Youth Empowerment Scheme (iYES), which began on February 3, 2025.

The initiative is designed to empower 160 qualified Nigerian youths eager to pursue careers in the aviation industry.

The programme commenced

with orientation activities at Aviatrix Hub, followed by an excursion to 7star Global Hangar, a key funding partner and the vision of the Foundation’s President, Isaac Balami. Participants also visited the proposed campus of the Isaac Balami University of Aeronautics and Management (IBUAM), where they interacted with various partners and stakeholders involved in the scholarship program.

The Accountable Managers

from the two partnering Approved Training Organisations (ATOs), Aviatrix Hub and Leadstream Aviation, Mrs. Victoria Adegbe and Roland Ahmed, respectively, emphasised the importance of preparation for the upcoming training.

Adegbe remarked: “We are ready and set to train you. You must study and give your best; there is no room for failure. We are here to prepare you for the future of the aviation industry.”

Again, SAHCO Wins British Airways’ Safety Award The Skyway Aviation Handling Company (SAHCO) Plc has for the fourth consecutive time won the British Airways Platinum Award for Punctuality and Safety performance.

The airline won the United Kingdom carrier’s topnotch award - Platinum for its excellent service delivery to the carrier in its Lagos station.

Helen O’Connor, the Regional General Manager, Middle East, Africa and Asia Pacific for British Airways, said that the award was

based on meeting or exceeding the adjusted door closure (aDC) target of 96 per cent every month for four consecutive quarters by SAHCO, with no major safety events or repeat audit findings.

O’Connor described the feat

by SAHCO as remarkable and commended the company for its on-time and quality deliveries at all times.

She said: “Achieving this across an entire year is a remarkable testament to the excellence and reliability of your operation, and we

extend our warm congratulations for this well-deserved recognition.”

Commenting on the award, Mrs. the Managing Director, SAHCO, Adenike Aboderin, expressed delight with the major recognition.

Aboderin also lauded the airline’s staff for their strict adherence to industry standards in the discharge of the duties, promising that the ground handling company will always commit resources to the training and retraining of its staff across board.

FAAN MD Supports Elevation of Trade Efficiency The Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has called for unified stakeholder collaboration to drive trade efficiency through the National Single Window initiative.

Speaking at the National Single Window Stakeholders’ Forum in Lagos held recently, Kuku highlighted

the initiative’s transformative potential in streamlining trade processes, enhancing transparency, and positioning Nigeria as a key player in global commerce.

Explaining the significance of aviation in trade, she noted that air cargo facilitates goods worth over $8 trillion annually, representing 33 per cent of global trade by volume.

She emphasised that Nigeria, with its vast resources and strategic location, must leverage the Single Window initiative to capture a greater share of this lucrative market.

“The successful implementation of this system will undoubtedly lead to increased trade volumes, resulting in greater revenue for all involved stakeholders,” she stated.

SINNTS Pioneers New Era of Social Networking in Africa The highly anticipated launch of SINNTS, a groundbreaking social networking application, took place in Kano, marking a significant milestone in Africa’s digital landscape.

Abdullahi Shuaibu Damat, CEO of SINNTS Tech Ltd, officially introduced the SINNTS Mobile Application, a premier Nigerian-

Group Business Editor Eromosele Abiodun Deputy Business Editor Chinedu Eze Comms/e-Business Editor Emma Okonji Asst. Editor, Energy Emmanuel Addeh Asst. Editor, Money Market Nume Ekeghe Correspondents KayodeTokede(CapitalMarkets) James Emejo (Finance) Ebere Nwoji (Insurance) Reporter Peter Uzoho (Energy)

built social media platform set to revolutionize online engagement.

Speaking at the event, Founder & CEO of SINNTS, Abdullahi Shuaibu Damat, expressed his excitement about the platform’s potential: “We created SINNTS to be more than just another social media app—it’s a movement towards authenticity, creativity, and meaningful digital interactions.

Launching in Kano, a city rich in

culture and innovation, reflects our commitment to empowering users and fostering a dynamic digital community. This is just the beginning of our journey to revolutionize the social media landscape in Nigeria and beyond,” Damat said.

One of the most innovative aspects of SINNTS is its monetization-driven ecosystem, which allows users to earn effortlessly while engaging with the platform.

St Team Holds Business Banquet in Nigeria The Smart Treasure Investment Team (ST Team) at the weekend, held its business banquet in Lagos-Nigeria at Vertigo Hotel, Victoria Island, where it discuss the platform’s vision and legitimacy.

Members of the team promised to financially empower Nigerians to earn good money while trading on the platform amidst Nigeria’s uncertain economic climate.

Speaking at the event, the Regional Head for Lagos, Mr. Trust Otorudo, introduced the ST Team, including VIP 9 leaders Mrs. Fola Abiodun; Princewill Otorudo and the legal consultant Barrister Isaac Adediran.

Trust emphasized the platform’s commitment to improving financial status through AI-driven trading

and data analysis.

According to him, “People should engage in this platform if they want to truly improve their financial status.

The ST team is not a fake project.

You can do your own research and investigative journalism,” Trust said He highlighted the platform’s use of artificial intelligence to predict trades accurately, stressing the importance of moving from traditional means to AI-driven methods of making money.

“Our vision is to reduce poverty rates in Africa by 30% come 2027, with our major focus on Nigeria.

We believe strongly in public-private partnership and are currently in the incubation stage of our SEC approval,” Trust said.

Chinedu Eze Not a few were elated when the Director General of the Nigeria Civil Aviation Authority (NCAA) was confirmed at the Senate Committee level on Wednesday this week.

Earlier, President Bola Ahmed Tinubu had referred a letter to the Senate, requesting for the confirmation of the then acting Director General of the Nigeria Civil Aviation Authority, Captain Chris Najomo, as substantive Director General.

The staff of NCAA spoke about Najomo’s disposition to ensuring that workers are taken care of with timely payment of their salaries, allowances and promotions as at when due.

President Tinubu on Tuesday, addressed the Senate in a letter and requested the Senate’s confirmation of Captain Chris Najomo as the Director General of the Nigerian Civil Aviation Authority, urging the lawmakers to expedite action on the confirmation process in accordance with the Civil Aviation Act of 2022.

The letter reads in part: “In accordance with the provisions of Section 11, Subsection 1 of the Civil Aviation Act, 2022, I write to present for confirmation by the Senate the appointment of Captain Chris Najomo as Director General of the Nigerian Civil Aviation Authority.”

The President expressed confidence in Najomo’s ability to lead the regulatory agency, emphasising that his nomination aligns with efforts to strengthen the nation’s aviation sector.

On Wednesday, Captain Najomo was confirmed at the committee level to the celebration of many stakeholders who predicted he would be confirmed the following day.

Last December, NCAA staff, under the aegis of Joint Action Congress (JAC), the umbrella body of four unions in the agency, commended Najomo for his pro-labour leadership. In its communique issued at the end of its extraordinary leadership meeting, held recently, said that the confirmation of Najomo would bring stability and growth to the agency in particular and the industry in general.

The unions under JAC are Air Transport Services Senior Staff Association of Nigeria (ATSSSAN); National Union of Air Transport Employees (NUATE); Association of Nigeria Aviation Professionals (ANAP) and National Association of Aircraft Pilots and Engineers (NAAPE).

The workers insisted that they had implicit confidence in the leadership of the regulatory body for aviation, as currently led by Najomo who had been in acting capacity since December 13, 2023, when he was appointed alongside five other agencies’ chief executives.

JAC further reminded the government that aviation was a precision industry with no margin of error worldwide, stressing that the regulatory and oversight demanded firm and professional leadership, which could not be subjected to political whims and caprices.

According to the body, since Najomo’s appointment, a new culture of dignity and value for the workforce had birthed under him, stressing that this totally fits into President Bola Tinubu’s Renewed Hope Agenda.

Also, the Airline Operators of Nigeria (AON) had called for the confirmation of Captain Chris Najomo as the substantive Director General, Civil Aviation, Nigeria.

The umbrella body for registered airlines in Nigeria hinged the call for confirmation of Captain Najomo, on the endorsement of the quality regulation at

the NCAA, describing it as the best in the world.

The spokesman of AON, and the Chairman, United Nigeria Airlines, Prof. Obiora Okonkwo, said the NCAA under. Najomo would be safe, without stifling airlines to stunted growth.

Obiora said AON members had experienced the ease of doing business, which they had never experienced in the industry without compromising safety and security.

He acknowledged the simplified certification processes, renewed zeal among well-motivated staff owing to the prioritisation of staff welfare, and the absence of bureaucratic red tape that hitherto plagued regulation.

Similarly, the Chairman Air Peace and the Vice President, AON Dr. Allen Onyema, said: “Najomo has zero tolerance for anything unsafe in the industry.

By promoting the ease of doing business doesn’t mean he tolerates unsafe practices by any airline.”

According to NCAA Director of Public Affairs and Consumer Protection, Michael Achimugu, Najomo has served meritoriously as acting DG since December 2023 and under his leadership, the NCAA has attained glorious heights hitherto thought impossible.

“But he has had to ensure a turbulent first year in office as shady characters fighting to retain control of the corruption that once pervaded the authority, have deployed all manners of subterfuge to have Najomo removed at all cost. First, they came with allegations that the man had paid two hundred and fifty million naira to purchase an official vehicle without recourse to procurement processes. When that plot was blown out of the water, this rabid group resorted to all shades of blackmail, sponsored false narratives, among other tactics just to achieve their selfish aims,” Achimugu said.

Dismissing all allegations being pushed by those who allegedly didn’t want Najomo to be confirmed as substantive Director General, Achimugu remarked that the accidents, major incidents and other incidents that happened under him could happen even if another person is the Director General, noting that none happened due to NCAA negligence.

“For all of the talk about safety, not a single commercial plane has crashed under Najomo’s leadership. In fact, it was Najomo who suspended Dana Air for poor financial health which was impeding its ability to operate safely. That’s a man who cares about the safety of passengers.

As for the unfortunate helicopter crash, we will not preempt the NSIB. When their report is released, we will be able to make comments.

“Runway excursions happen globally, and it’s not a sign of incompetence of NCAA. Nigeria is not in the top fifteen nations when it comes to air mishaps. These so-called elders did not blame the American FAA for the helicopter crash that killed Nigeria’s Hebert Wigwe. They did not blame the FAA for the chopper crash that killed famous basketball star, Kobe Bryant. They didn’t even blame Canadian Authorities when, on December 29, 2024, an Air Canada Flight AC2259 suffered suspected landing gear issues, or the Korean Authorities for the fatal crash of Jeju Air’s flight 2216 after a bird strike, a crash that killed almost 200 people. They only blamed the NCAA when it serves their sinister purposes. These men, whoever they are, do not mean the industry well,” he said.

The story continues online on

www.thisdaylive.com

25

T H I S D AY • FRIday, February 7, 2025

BUSINESSWORLD

AViation

Failed Promises of Airport Concession As far back as 2015, the federal government promised to concession the airports under public, private partnership, but 10 years on, it has so far failed, writes Chinedu Eze

L

ooking back to the promises made by the former Minister of Aviation, Hadi Sirika, that the Buhari’s administration would concession Nigerian airports, one would have thought that major airport terminals in the country would have been concessioned, at least five years ago.

But going into the second year of a new administration of the President Bola Ahmed Tinubu, and 10 years of APC’s rule since 2015, no new airport terminal has been concessioned. The last was the one carried by the Bi-Courtney Aviation Services Limited (BASL), which started operation in 2007.

Sirika, known for his un-kept promises when he was in office, had outlined business case, which was an effort to bamboozle the citizens over his bogus concession and national carrier plans. He made all the promises without the realisation of either a national carrier or airport concession. One recalls his trite promises, when he had said: “The transaction advisers for the concession have finished the Outline Business Case and had got the Request for Qualification. We’ve prequalified the people and they’ve been issued Request for Proposal. They have turned the proposals in and we are analysing them to announce the successful bidders and this will be soon. Our timetable is for the first quarter of this year.”

That was in March 2022, but at the end, nothing happened.

Many industry observers are of the view that there are key issues that may have detracted government from acutualising the airport concession programme.

One was genuine intention and the other was looking to have foreigners as concessionaires without looking inwards to seek an investor or investors within the country. There were also speculations that under the former administration there was intention of the prosecutors of the planned concession to take a large chunk of the stakes, which would have been difficult to do if the concession were given to local investors.

Successful Airport Concession

Going by the report from the Minister of Aviation on airport concession in 2020, presented by the then Minister of Aviation, Hadi Sirika, the Nigerian airport concessions would be a terminal concession (passenger

6

and runways, are aging and in need of significant repairs and upgrades. This affects operational efficiency and safety, and necessitates substantial investment for modernization,” she said.

She also said that obsolete equipment such as old fire tenders, generators, air conditioning systems conveyor lines with worn-out slats, belts and motors, can be found in many airports that have low efficiency and have high maintenance cost.

According to Kuku, FAAN plans to modernize airport infrastructure by renovating terminals, expanding runways, and upgrading navigational aids, disclosing that in 2025, the construction of a new and befitting headquarters for FAAN would also be a top priority, providing a centralized and modern facility to enhance operational efficiency. But the challenge over the years has been dearth of funds for the agency, hence the call for concession of terminal facilities at these airports. andcargo) and majority of its revenue will be derived from non-aeronautical sources.

“All other facilities at the airports will still be managed by the Federal Airports Authority of Nigeria (FAAN). Our airports are national security assets. This must be kept so. The Concessionaire(s) will provide the investment required to upgrade the existing terminals, take over the new terminals and maintain them over a period of time to be determined based on financial assessment of each transaction. Passenger Service Charge and Security Charge will be shared by FAAN and the Concessionaire(s) and FAAN’s share of the charges shall be paid directly to FAAN by IATA (the International Air Transport Association),” he said.

Despite the pretenses about attracting foreign investment, it is obvious that direct foreign investment (FDI) is very low in Nigeria due to skepticism, ranging from insecurity, policy summersault in government and hostile operating environment. There are also views that the major reason why the Buhari administration failed to concession the airport terminals was because foreign investors were really not interested in investing in airport infrastructure in Nigeria. They were also not keen in investing in the national carrier

YEARS REMEMBRANCE

CHIEF (DR) JOE AISIEN

OGBEBOR, JP (D’Efeisoghoba of Benin Kingdom) Dearest Daddy, Its 6 years now, and we miss you more than ever. Your children and your grandchildren miss you deeply; but we live, and love, with the fondest memories that you have left us. We smile and laugh as we joke about how strict, yet loving and kind you were— and we are better every day, because of you.

We hope in heaven you can see how we strive everyday to do right by you. We cherish all you have taught and done for us, but most importantly, we cherish the love you left in our hearts. You imbibed patience, empathy, wisdom and hard work in us; as well as a bond no one can break.

Our emperor, our big Joe, our papa… continue to rest well in the arms of the Almighty.

Love always, From your loving children and grandchildren.

and that contributed to the failure of the two projects. But the only terminal concession that has worked in Nigeria, midwifed by the federal government was that of Bi-Courtney Aviation Services Limited, an indigenous private sector driven investment.

The Challenges

Nigerian airports, for many years, have been a tale of two cities: those grappling with underfunding, dilapidated infrastructure, and subpar service, and then there’s Murtala Muhammed Airport Terminal 2. Managed by Bi-Courtney Aviation Services Limited, MMA2 stands as a beacon of hope, a testament to what can be achieved through effective public-private partnerships in the aviation sector. While airports like Gombe, Ibadan, Kano, and Kebbi struggle to meet basic passenger needs, MMA2 thrives, offering a stark contrast and a blueprint for the future of Nigerian aviation.

The challenges facing many Nigerian airports are numerous and well-documented. Underfunding is a chronic issue, leading to a dearth of investment in critical infrastructure upgrades. Aging terminals, dilapidated runways, and inadequate facilities are commonplace. This translates into long queues, delayed flights, and a generally subpar passenger experience. Security concerns further compound the problem, hindering the smooth flow of air travel.

Recently the Federal Airports Authority of Nigeria stated that it requiresd over N580 billion for the rehabilitation of runways of the 21 airports under its management.

The Managing Director of FAAN, Mrs. Olubunmi Kuku, in a recent event explained that the runways of the airports built in the late 70s have outlived their life span and need total rehabilitation.

“N580 billion is required to fix runways across all airports, their life span is between 20 to 25 years but most of the airports were built in 1978.

Many of FAAN’s facilities, including terminals

The MMA2 Example

The concession of the domestic terminal of the Murtala Muhammed International Airport (MMIA), Lagos, known as MMA2, has remained the most success terminal concession in the history of Nigeria. In nearly two decades of operation under Bi-Courtney Aviation Services Limited, MMA2 has consistently maintained its reputation for efficiency and excellence. The terminal continues to stand out with its modern facilities, streamlined passenger processing, and unwavering commitment to enhancing the overall travel experience. Strategic investments in infrastructure have ensured sustained improvements in passenger handling capacity and a comfortable travel environment, reinforcing its status as truly ‘more than a terminal.

The success of MMA2 can be attributed to several key factors. Firstly, the concession agreement between Bi-Courtney and the federal government provided a clear framework for operations, outlining responsibilities, performance metrics, and a mechanism for dispute resolution. Secondly, Bi-Courtney’s expertise in airport management and operations has been instrumental in driving operational efficiency and enhancing passenger satisfaction.

Passenger’s Experience

Furthermore, MMA2 has prioritised passenger experience, investing in amenities like comfortable seating areas, efficient baggage handling systems, and a variety of dining and retail options. The terminal has also implemented robust security measures, ensuring the safety and security of passengers and airport personnel.

Beyond operational efficiency, MMA2 has also demonstrated a commitment to continuous improvement. Ongoing investments in infrastructure, technology, and customer service have ensured that the terminal remains competitive and responsive to the evolving needs of the aviation industry.

However, the success of MMA2 is not merely a testament to private sector expertise, as it also underscores the importance of effective governance and a conducive regulatory environment. A clear and transparent regulatory framework is crucial for ensuring that public-private partnerships in the aviation sector are successful and sustainable.

The challenges faced by other Nigerian airports highlight the critical need for a comprehensive overhaul of the aviation sector. This necessitates a shift towards more effective public-private partnerships, streamlining regulatory processes, and prioritizing passenger experience.

The MMA2 model provides valuable lessons for the future of Nigerian aviation. By replicating the successes of MMA2 at other airports across the country, Nigeria can unlock the potential of its aviation sector, improve connectivity, boost tourism, and drive economic growth.

The future of Nigerian aviation hinges on the ability to learn from successes like MMA2 and implement similar models across the country. By fostering a more conducive environment for private sector investment, prioritizing passenger experience, and investing in critical infrastructure, Nigeria can transform its airports from liabilities into assets, driving economic growth and enhancing the nation’s global connectivity.

The story continues online on

www.thisdaylive.com

This

Weekend

FRIday, February 7, 2025

Zacch Adedeji:

Group Features Editor: Chiemelie Ezeobi chiemelie.ezeobi@thisdaylive.com

07010510430

TR

N

Weekly Magazine UTH

& R E ASO

Transforming Nigeria’s Tax System to Foster Economic Growth through People, Tech and Process

27

T H I S D AY •FRIDay, FEBRUARY 7, 2025

Cover

Zacch Adedeji: Transforming Nigeria’s Tax System to Foster Economic Growth through People, Tech and Process

Beyond revenue collection, Zacch Adedeji’s first year as Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS) has made remarkable impact on the economy and society at large. Under his leadership, the agency recorded an unprecedented 76 per cent increase in tax revenue, surpassing its 2024 target. Also, Adedeji has spearheaded sweeping reforms aimed at simplifying tax compliance, modernising processes, and fostering economic growth. Essentially, under his leadership, the FIRS has embraced a strategy built on three core pillars—People,Technology, and Process—outlined in the newly developed Customer-centricity Guide. Chiemelie Ezeobi writes that as Nigeria moves towards a more efficient and transparent tax system, his vision and strategic approach continue to reshape the country’s fiscal landscape

U

ndoubtedly, Zacch Adedeji’s tenure as Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS) has been nothing short of transformative with his impact beyond revenue collection. Adedeji has introduced a bold, customer-centric organisational structure aimed at simplifying tax compliance, modernising operational processes, and fostering economic growth.

At the heart of these reforms is the agency’s new brand slogan, “Simplifying Tax, Maximising Revenue”, which encapsulates Adedeji’s vision of leveraging technology to make tax processes more efficient while ensuring optimal revenue collection for national development.

Unprecedented Revenue Growth in 2024 In 2024, Zacch Adedeji’s first full year as Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), the agency recorded a whopping 76 percent increase in collection, from 12.37 trillion Naira in 2023 to 21.6 trillion Naira; comfortably in excess of the 19.4 trillion Naira target set for the year.

The year also saw landmark progress in the bold quest to reshape Nigeria’s tax administration landscape, with the submission to the National Assembly of four Executive Bills on Tax Reform, developed by the Presidential Committee on Fiscal Policy and Tax Reforms, and whose implementation will largely be driven by the FIRS – embodying a scale and scope of fiscal reform unprecedented in the history of the country.

Strong Foundation in Fiscal Management These feats are testament to Adedeji’s administrative acumen; here’s a public servant more than equal to the huge task entrusted to him in September 2023 by President Bola Ahmed Tinubu. Adedeji assumed leadership of the FIRS on the back of solid fiscal management experience at the subnational level, as Commissioner for Finance in Oyo State (2011 –2015); as well as federal experience, first as Executive Secretary of the National Sugar Development Council (NSDC), and then as Special Adviser to the President on Revenue – a role which he now combines with the leadership of the FIRS. As Commissioner in Oyo State, he led the design and implementation of a MediumTerm Financial Strategy for the State, and piloted, in 2012, the implementation of the Treasury Single Account system (TSA), which saw consolidation of over 2,000 State government accounts into fewer than 100, yielding billions of Naira in additional revenues. He also oversaw the rollout of an electronic government payments platform, among other public finance reforms.

Academic Excellence and Visionary Leadership Propelling the man and his successes is a first-rate mind that earned a first-class degree in Management & Accounting, a Master ’s degree in Accounting, and, in 2024, a PhD in Accounting – all from the Obafemi Awolowo University (OAU). In the last eighteen months, Adedeji has stamped his brilliance, vision and ambition on the agency – the FIRS he presides over today is quite a different entity from the one he inherited: energised, confident, restructured, motivated.

A Customer-centric and Technology-driven FIRS At the start of 2024 he launched a new, customer-centric organizational structure for

has equally stepped up, engaging closely with various stakeholders, from subnational governments to business corporations to professional bodies, government MDAs, international partners, and the public.

Helming a country’s Federal Revenue Service requires constant engagement with State governments, through platforms such as the Joint Tax Board (JTB) and the Federation Allocation Accounts Committee (FAAC).

The complexities of these engagements demand nothing less than superhuman levels of political savvy and a sense of being carried along, all of which Adedeji abundantly possesses.

Driving the New Tax Reform Bills The new Tax Reform Bills also brought out a side of the FIRS boss that many might be aware of, given his style as one not inclined to be talkative or to hug the limelight. A series of viral clips from his presentations to stakeholders including the National Assembly on the benefits of the new Bills affirmed both his accounting bonafides and his personal communications skills – showing a man who not only understands his work perfectly well but is also able to get others to understand it and appreciate its benefits and significance.

Zacch Adedeji the agency, prioritizing efficiency and ease of compliance. Along with this reform came a new brand slogan: “Simplifying Tax, Maximising Revenue” – perfectly capturing his vision for Nigeria’s pre-eminent revenue agency: technology-enabled simplification of processes and technology-enabled maximisation of collections. What more should anyone expect of a Revenue Service? The simplification benefits the taxpayer, and the maximisation benefits the government – a careful balancing act that incentivises entrepreneurship, economic growth and national development.

Prioritising Staff Welfare, Institutional Growth Under his watch, he unveiled the three strategic pillars of the new FIRS, embedded in an equally new “Customer-Centricity Guide”, as follows: People, Technology, Process.

In infact, in January 2025, when he celebrated his 47th birthday, a video of FIRS staff in jubilant mode began circulating on the internet, maliciously spun by agents of disinformation as an over-the-top birthday celebration for the tax helmsman. The video was in fact not in any way related to his birthday. Instead, it was weeks old, and the celebrations were in response to the unveiling of a new and improved welfare scheme for the agency. A clear demonstration of Adedeji’s robust understanding that to deliver maximally on his mandate, he must be able to count on a workforce that is motivated and empowered to give their best.

It was in full alignment with this realisation that the FIRS in 2024 received a support mission from the African Tax Administration Forum (ATAF), to help improve performance management within the Service, as well as build staff capacity, through learning and development

initiatives, among others.

Beyond welfare, the FIRS has also embarked on publicly advertised recruitment processes for both entrylevel and experienced positions. The FIRS is keen to position itself as an institution that can attract the best of talent in an open and transparent manner, defying the stereotype that agencies like it only carry out secret recruitments. Soon, the successful candidates in this very competitive recruitment process will resume and begin contributing their own quota to the agency’s journey of transformation.

Leveraging Technology for Taxpayer Convenience As the central pillar of the new FIRS, “Technology” is boldly underlining every new initiative. In 2024, the FIRS launched the “Self-Registration” Module on its one-stop-shop TaxProMax platform, affording taxpayers the convenience of being able to complete their tax registration processes from digital devices and in the comfort of their homes and offices.

Additionally, one of the most impactful public service technology initiatives in Nigeria last year was the FIRS’ new USSD short code – *829# – designed and deployed to transform taxpayer engagement and to promote ease of compliance. With this new code, taxpayers are now able to use their mobile phones to retrieve Taxpayer Identification Number (TIN), verify Tax Clearance Certificate (TCC), view all tax types and corresponding rates, locate the nearest tax offices, and carry out a wide range of tax-related enquiries.

Building Partnerships for a Robust Tax System In the area of partnerships, the FIRS

Ensuring Simplified and Efficient Tax Processes “Process”, the last but not the least of Adedeji’s strategic pillars, is pivotal to the work of the Service. It is what taxpayers and the public see, assess and pass judgement on, when they think of the FIRS. Under Adedeji’s watch, the FIRS is obsessed with simplification (of processes) and reduction (of tax burdens). The new “Deduction of Tax at Source (Withholding) Regulations, 2024”, a brainchild of the FIRS, with the approval of the Honourable Minister of Finance, seeks to modernise Nigeria’s Withholding Tax regime and align it with international best practice.

The new regulations took effect on the 1st of January 2025, and include a number of reductions of Withholding Tax rates.

Blocking Leakages and Expanding Revenue Sources Ultimately, the Federal Inland Revenue Service (FIRS) exists to serve Nigeria and its people; to help make available revenues that will finance infrastructure, social investment, job creation, and enduring prosperity. And to do so in a manner that is neither burdensome nor oppressive to the individuals and businesses from whom those taxes will come.

A big part of this responsibility entails blocking loopholes and leakages through which Nigeria currently loses money. The more the leakages that are successfully blocked, the more the revenues that are available to finance development.

Major Transitions for 2025 2025 indeed looks poised to be a definitive year, with the imminent passage of the groundbreaking Tax Reform Bills, that will, among other results, transform the FIRS into the Nigeria Revenue Service (NRS). When that happens, it will be Adedeji’s responsibility to lead this unprecedented transition, implementing an expanded mandate that, if fully delivered upon, will finance not just the President’s Renewed Hope Agenda, but also the socioeconomic transformation of Nigeria; the unleashing of a new and enduring wave of national prosperity and progress.

28

T H I S D AY •FRIDay, FEBRUARY 7, 2025

business/MOnEYGUIDE

To Ensure Port Competitiveness and Development, NPA Reviews Tariff

Eromosele Abiodun

Compelled by the exigency of bringing Nigerian Ports up to speed with those of its peers in terms of infrastructure and equipment, the Nigerian Ports Authority (NPA) has secured necessary approvals for an upward review in its tariffs which was last reviewed in the year 1993.

The 15 per cent upward increase which is to cut across all NPA Rates and Dues is premised on the urgent need to address the undesirable reality of aged and weak Infrastructure, obsolete equipment and slow Port capacity expansion which has continued to diminish the performance and indeed competitiveness of Nigerian Ports.

According to experts, globally, port authorities depend on revenue from operations to stay alive to their responsibilities which includes construction and maintenance of Port infrastructure, dredging of channels, provision of aids for safe navigation, provision of modern marine crafts for efficient harbour services, automation and digitization of port transactions, port security, energy efficiency and training and retraining of its employees.

The global index of Port rating and competitiveness which the international trade community relies on for its choice of countries to do business with, derives its data from how well the aforementioned responsibilities are addressed.

Contrary to the popular but erroneous notion that attributes high Port costs to NPA relative to its peers, verifiable data shows NPA Tariffs are amongst the lowest in the region.

An official of NPA told THISDAY that the high incidence of unreceipted costs due to unduly high human interface, bureaucratic bottlenecks, functional overlaps resulting from absence of a Port Community System (PCS) and its corollary the National Single Window (NSW) are responsible for this contrived falsehood.

“Although long overdue, a quick win benefits of the NPA Tariff review for stakeholders, is the immediate boost it gives to the Authority to fast track the commencement of actual works on its concluded Port reconstruction and modernization plans. Secondly, the Tariff review provides the necessary guarantees to fund the acquisition and urgent deployment of the Information

Communications Technology (ICT) backbone of the PCS which is the precursor to the implementation of the NSW,” said the official who pleaded anonymity .

At a stakeholders meeting in Lagos, yesterday, Managing Director of NPA,Abubakar Dantsoho represented by Olalekan Badmus, Executive Director Marine and Operation said the management decision to meet stakeholders was borne out of desire to carry everyone along Speaking at the meeting ,Joshua Asanga a stakeholder agreed with the increase adding that the value of NPA present tariff has since been suppressed Inflation which is at about 35 per cent.

Asanga listed port management liabilities like wages, fuel and other areas of expenditure as having adjusted upwards without a commensurate rise in NPA charges for over thirty years.

Another stakeholder,Demian Ukagu, who spoke at the event talked on th need to apply more NPA funding to outer port facilities and jetties like the Kirikiri Lighter Terminal and development of other critical port facilities across the country.

Abia Alters 2025 IGR Target, Sets Eye on N120 Billon Emmanuel Ugwu-Nwogo in Umuahia Barely a month after commen ung the implementation of its 2025 fiscal policy, Abia State government has revised its internally generated revenue (IGR) target of N100.6 billion.

The new target is now N120 billion, an increase of 19.3 percent of the initial target set in the 2025 budget.

Commissioner for Information, Prince Okey Kanu announced the new IGR target after the State Executive Council meeting of

the week, during which the revenue target was reviewed.

He said that the state government was enouraged to reset its IGR target since it surpassed its 2024 target of N32 billon by generating N39 billon.

“It has to be put on record that in the past year, the state surpassed its set target in that regard,” he said.

According to him, “in the 2025 budget, the state government has(now) planned to scale up its IGR base by targeting about 120 billion, which amounts to about 207 percent increase over

the IGR target of the previous year.”

To achieve the set revenue goal, Kanu said, “the state government is embarking on a number of reform initiatives thereby ensuring that “Abia State citizens are better served through more developmental programmes and initiatives”.

Otti had during the presentation of the 2025 budget of N750, 282, 200, 000.00 projected an increase in the State’s internally generated revenue (IGR) collection by 213% to N100.6 billion.

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) Month

NOVEMBER

Money Supply (M3)

108,966,480.44

-- CBN Bills Held by Money Holding Sectors

108,946,684.26

-- Quasi Money

72,672,756.90

-- Narrow Money (M1)

36,273,927.36

---- Currency Outside Banks

4,652,527.74

---- Demand Deposits

31,621,399.62

Net Foreign Assets (NFA)

17,347,112.78

Net Domestic Assets(NDA)

91,619,367.66

-- Net Domestic Credit (NDC)

115,576,757.67

---- Credit to Government (Net)

39,616,629.91

---- Memo: Credit to Govt. (Net) less FMA

University, Yewa (AUY), Africa’s first private university of agriculture. The university’s curriculum is built around practical, hands-on learning, ensuring that students gain real-world skills in modern farming techniques, agribusiness management, and food production.

According to Group Managing Director of Proven Financial Services Limited, Ogbiyele Olufemi, AUY is not just an academic institution but a catalyst for economic transformation.

“Agriculture remains one of Nigeria’s most critical sectors, yet it is often underutilized due to a lack of proper training and

investment. AUY will change this by producing a new generation of skilled agripreneurs who will drive innovation and food security,” he said.

Complementing the university is Agribusiness University Farm City, a practical training hub where students and farmers gain hands-on experience in large-scale farming operations and get paid while still studying.

This initiative bridges the gap between theory and practice, providing access to financing, modern farming equipment, and innovative techniques that will help Nigeria move towards selfsufficiency in food production.

GirlLearn Africa Launches New Initiative to Bridge Tech Gender Gap Mary Nnah In a bid to increase female representation in Africa’s tech industry, GirlLearn Africa has launched three new courses in Email Marketing, Virtual Assistance, and Graphic Design.

This initiative aims to provide women with practical, highdemand skills to succeed in the digital economy.

Women remain underrepresented in Africa’s tech

industry, holding just 30% of tech roles. Barriers such as limited access to technology, financial constraints, and societal norms continue to hinder their entry and growth in the sector. GirlLearn Africa is tackling these challenges head-on by providing hands-on tech training, mentorship, and resources designed to equip women, especially those with disabilities, with market-ready digital skills.

“Our goal is to make digital education accessible to all African women, regardless of background or physical ability”, Founder of GirlLearn Africa, Ajiri Okoribe, told THISDAY recently.

“Tech isn’t just for men, and success isn’t just for a select few. We’re committed to bridging the gender gap in tech and unlocking the full potential of African women”, she added.

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

75,960,127.77

--Other Assets Net

12,147,461.96

Reserve Money (Base Money)

30,871,571.25

--Currency in Circulation

4,878,125.22

--Banks Reserves

25,993,446.02

--Special Intervention Reserves

278,860.37 • Source - CBN

Proven Financial Services Unveils 5th Avenue City Proven Financial Services Limited has announced the launch of 5th Avenue City, an innovative urban development designed to redefine economic growth by merging education, agriculture, and real estate into a fully integrated business hub.

Situated in Yewa, Ogun State, 5th Avenue City is a visionary project aimed at fostering industrial growth, empowering entrepreneurs, and addressing Nigeria’s housing deficit while creating a self-sustaining community that drives long-term prosperity.

At the heart of this transformative initiative is Agribusiness

19,796.18

Money Supply (M2)

Money Market Indicators (in Percentage) Month

November

Inter-Bank Call Rate

28.88

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

27.50

Treasury Bill Rate

18.00

Savings Deposit Rate

6.56

1 Month Deposit Rate

8.48

3 Months Deposit Rate

9.53

6 Months Deposit Rate

12.13

12 Months Deposit Rate

14.22

Prime Lending rate

18.39

Maximum Lending Rate

31.06

NSE

NSE MARKET INDEX % Change

CAP

0.75%(52%YoY)

Index

0.9% (29%Y/D) • Monetary Policy Rate - 27.50%

OPEC DAILY BASKET PRICE As At 6TH JANUARY , 2025

The price of OPEC basket of twelve crudes stood at $76.18 a barrel on Monday, compared with $75.89 the previous Friday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

29

T H I S D AY •FRIDay, FEBRUARY 7, 2025

mARKET NEWS

Neimeth Mulls Plans to Raise Fresh Capital for Expansion Kayode Tokede

Following the need to expand its business frontier, the management of Neimeth International Pharmaceuticals Plc, yesterday considered moves to fresh capital from the Nigerian capital market to boost its working capital.

The Managing Director/ CEO, Neimeth International Pharmaceuticals, Valentine Okelu, at a media parley in

Lagos disclosed that the decision to raise fresh capital is not ruled out as the management of the company will be having a strategy session in less than one month to decide on its possibility.

“The decision to raise fresh capital is not ruled out. But in less than one month, we’re going to be having a strategy session with all the board members where we’ll have to sit down and share

P R I C E S MaiN Board

F O R DEALS

all the strategies we currently have apart from our future, \expansion plans and among others.

“And then we’ll be able to decide what we need, whether we’re going to be going to the capital markets to raise capital or whatever we need to do,” he explained.

He revealed that the company is implementing strategic measures to reverse a N2.03 billion foreign exchange loss

S E C U R I T I E S Market Price

quantity traded

incurred in 2024 as part of efforts to stabilize its financial position and sustain growth.

Okelu, highlighting plans to restructure foreign-denominated loans, convert them into naira, and negotiate extended payment terms to ease financial strain.

“We are aggressively restructuring our foreign-denominated loans, converting them into naira to shield us from further forex volatility.

“Additionally, we are negotiat-

T R A D E D

value traded ( N )

MaiN Board

A S O F

ing extended payment terms on outstanding facilities to create financial headroom for a swift return to positive cash flow and profitability,” he stated.

Despite the foreign exchange setback, Neimeth recorded significant operational improvements, with revenue rising by 102 per cent to N4.5 billion in 2024 from N2.2 billion in 2023.

Gross profit also jumped by 170 per cent, while the company reversed a N1.3

F E B R U A RY DEALS

billion loss from the previous year to achieve an operating profit of N338.5 million.

According to Okelu, these gains were largely driven by cost-cutting measures, including a reduction in marketing and administrative expenses. Marketing and distribution costs declined from N792.3 million in 2023 to N578.7 million in 2024, while administrative expenses fell from N868.1 million to N558.0 million.

6 / 2 5

Market Price

quantity traded

value traded ( N)

30

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

Friday, February 7, 2025 Thisday Afrinvest Index Up 0.2%

Fundamental Performance Metrics for THISDAY AFRINVEST 40 Index

Thisday Afrinvest 40 index advanced 0.2% to print

Ticker

at 5,418.40 points due to price depreciation in ARA-

Previous Current Price Weighting Change

Current Price

THISDAY AFRINVEST 40

5418.40

0.15%

Price Change YTD

Price Change Index to Date

ROE

ROA

P/E

P/BV

8.4%

441.8%

14.5%

1.1%

4.1x

1.1x

0.0%

0.0%

2.5%

0.6%

ZENITH (0.6%), WAPCO (0.4%%), and UBA (0.7%).

1

Cumulatively, these stocks account for 13.9% of the

2

Transcorp Pow er Ltd

349.80

0.0%

9.7%

-2.8%

-2.8%

3

Aradel Holdings PLC

569.30

0.0%

9.1%

-4.8%

-4.8%

4

Guaranty Trust Holding Co PLC

5

SEPLAT Energy PLC

6

Zenith Bank PLC

7 8

index.

Local Bourse Extends Bullish Performance… ASI up

Airtel Africa PLC

2,156.90

0.0%

10.5%

Divindend Earnings Yield Yield

4.2%

7.6%

4.1% 32.8x

20.7x

2.2%

3.1%

2.9%

64.00

0.0%

6.9%

12.3%

12.3%

65.2%

10.3%

1.4x

0.7x

5.8%

5,700.00

0.0%

5.9%

0.0%

0.0%

4.7%

2.4%

26.6x

1.3x

3.8%

3.8%

50.30

0.6%

5.1%

10.5%

10.5%

39.4%

4.4%

1.5x

0.5x

9.0%

67.7%

Lafarge Africa PLC

70.90

0.4%

4.2%

1.4%

1.4%

16.2%

9.9%

15.9x

2.5x

2.7%

MTN Nigeria Communications PLC

255.00

0.0%

5.3%

27.5%

27.5%

69.7%

6.3%

-22.4%

-14.6%

9

United Bank for Africa PLC

38.00

0.7%

4.6%

11.8%

11.8%

25.4%

2.7%

2.0x

0.4x

11.3%

0.1 %

10

Dangote Cement PLC

394.00

0.0%

2.9%

-17.7%

-17.7%

26.4%

10.2%

14.6x

3.2x

7.6%

6.8%

11

FBN Holdings Plc

32.00

-0.3%

4.0%

14.1%

14.1%

34.7%

3.4%

1.6x

0.5x

1.2%

64.0%

Yesterday, the domestic bourse extended its 4-day

12

International Brew eries PLC

5.40

1.9%

3.3%

-2.7%

-2.7%

-55.5%

-24.0%

13

Access Holdings PLC

27.60

-0.7%

3.6%

15.7%

15.7%

35.3%

2.7%

1.2x

0.3x

14

Nigerian Brew eries PLC

34.00

-0.1%

3.2%

6.3%

6.3%

15

Geregu Pow er PLC

1,150.00

0.0%

2.3%

0.0%

0.0%

56.1%

12.9%

104.9x

54.7x

0.8%

1.0%

16

Fidelity Bank PLC

19.85

1.0%

2.3%

13.4%

13.4%

42.6%

3.1%

2.7x

0.9x

7.3%

36.5%

17

BUA Foods PLC

415.00

0.0%

2.0%

0.0%

0.0%

79.4%

26.1%

26.9x

17.1x

1.5%

3.7%

18

Transnational Corp of Nigeria

53.60

1.1%

1.8%

23.2%

23.2%

31.7%

8.0%

11.7x

3.2x

0.7%

19

Ecobank Transnational Inc

31.30

3.0%

1.5%

11.8%

11.8%

27.5%

1.1%

1.1x

0.5x

20

United Capital PLC

22.90

1.6%

1.1%

12.3%

-0.6%

21.5%

1.9%

11.6x

1.2x

1.3%

8.6%

21

Stanbic IBTC Holdings PLC

63.00

0.0%

1.0%

9.4%

9.4%

35.2%

3.3%

4.1x

1.3x

6.7%

24.5%

22

Nestle Nigeria PLC

975.00

0.0%

1.0%

11.4%

11.4%

-31.2%

23

Oando PLC

70.30

0.4%

0.9%

6.5%

6.5%

0.5%

13.4x

24

Presco PLC

685.00

0.0%

1.0%

44.2%

44.2%

33.4%

7.0x

8.1x

3.5%

2.1x

0.4x

4.3%

bullish streak as the NGX-ASI rose 10bps to close at 105,430.15 points supported by buying interest in TRANSCORP (+1.1%), ETI (+3.0%), and ZENITH (+0.6%). Consequently, YTD return rose to 2.4% (previously: 2.3%), while market capitalisation gained 0.1% to ₦65.3tn. Meanwhile, trading activity declined as volume and value traded fell 49.2%

2.0x

-103.6% 8.0%

85.2%

-23.3%

90.3%

-61.8%

8.6% 88.5%

-28.6%

25

FCMB Group Plc

11.60

-3.3%

0.8%

23.4%

23.4%

25.3%

2.3%

and 20.1% to 537.2m units and ₦23.0bn respec-

26

Notore Chemical Industries Ltd

62.50

0.0%

0.6%

0.0%

0.0%

-338.1%

-42.0%

27

Transcorp Hotels Plc

114.65

0.0%

0.6%

-1.2%

-1.2%

17.2%

9.2%

94.3x

tively.

28

Okomu Oil Palm PLC

537.20

0.0%

0.6%

21.0%

21.0%

76.6%

31.7%

15.0x

29

Wema Bank PLC

11.35

-0.4%

0.6%

24.7%

24.7%

44.4%

3.0%

2.6x

30

Chapel Hill Denham Management

111.70

0.0%

0.4%

0.0%

0.0%

31

Julius Berger Nigeria PLC

139.80

0.0%

0.4%

-10.0%

-10.0%

12.1%

2.1%

14.4x

32

Dangote Sugar Refinery PLC

36.50

-1.4%

0.5%

12.3%

12.3%

Positive Sector Performance

50.6%

7.5% 14.3% 47.7% -153.6% 0.1% 10.1x

1.1%

0.4%

6.7%

4.5%

39.2%

19.7% 1.3x

2.3%

-36.0%

6.9% -52.1%

33

TotalEnergies Marketing Nigeri

670.00

0.0%

0.3%

-4.0%

-4.0%

42.3%

6.1%

8.2x

3.0x

12.2%

34

NASCON Allied Industries PLC

39.95

-2.6%

0.4%

27.4%

27.4%

36.6%

12.3%

9.2x

3.0x

10.8%

35

Jaiz Bank PLC

3.40

-2.9%

0.3%

13.3%

13.3%

69.6%

3.3%

5.1x

3.1x

tors as all six indices gained. The Insurance & Con-

36

Guinness Nigeria PLC

77.00

0.0%

0.3%

9.6%

9.6%

-186.1%

-18.2%

BUA Cement Plc

93.00

0.0%

sumer Goods indices led the gainers, up 0.6% and

37

0.3%

0.0%

0.0%

17.4%

6.6%

45.4x

8.2x

38

Sterling Financial Holdings Co

5.99

1.2%

0.3%

7.0%

7.0%

17.2%

1.1%

5.4x

0.8x

39

Conoil PLC

387.20

0.0%

0.3%

0.0%

0.0%

28.2%

10.0%

25.4x

6.4x

1.0%

3.9%

40

Unilever Nigeria PLC

37.80

0.0%

0.2%

14.7%

14.7%

24.0%

13.3%

13.7x

2.7x

2.0%

7.3%

Performance was upbeat across our coverage sec-

0.2% respectively due to buying interest in WAPIC (+8.3%), SOVRENIN (+9.1%), CADBURY (+9.9%), and INTBREW (+1.9%). Similarly, the Banking and Oil & Gas rose 0.1% apiece owing to price appreciation ETI (+3.0%), ZENITH (+0.6%), ETERNA (+9.9%), and OANDO (+0.4%). Following, the Industrial Goods and AFR-ICT indices rose 5bps and 1bp respectively due to buying interest in WAPCO (+0.4%) and CWG (+6.7%).

breadth, declined to 0.15x (previously: 0.24x) as 33 stocks gained, 23 lost, while 68 were unchanged. In the final trading session of the week, we anticipate sustained upward trend supported by continued optimism fueled by the ongoing earnings season.

Afrinvest West Africa Limited

2.4%

P rice Chg %

A CCESSCORP

473.2

6.3%

FB NH

99.1

9.6%

10.0%

UA CN

46.4

3.0%

2.33

9.9%

ZENITHB A NK

44.7

1.6%

32.10

9.6%

A IICO

33.2

1.8%

1.28

7.6%

UB A

29.0

0.7%

2.15

7.5%

UCA P

24.8

0.2%

A FRIP RUD

29.80

6.4%

JA IZB A NK

19.3

5.7%

A CCESSCORP

27.80

6.3%

UNIVINSURE

18.7

4.5%

M CNICHOLS

1.80

5.9%

CUTIX

16.8

0.0%

P rice

P rice Chg %

GUINEA INS

0.88

10.0%

ETERNA

30.35

10.0%

CA DB URY

24.30

INTENEGINS FB NH VERITA SKA P UP DC

Ticker

T o p 10 T ra de s by V a lue

T o p 10 Lo s e rs Ticker

Value

-9.9%

A CCESSCORP

12565.6

6.3%

-9.3%

FB NH

3005.5

9.6%

1.85

-9.3%

ZENITHB A NK

2227.6

1.6%

0.96

-6.8%

UA CN

1670.1

3.0%

3.47

-6.7%

M TNN

1394.3

0.0%

1.22

-6.2%

OA NDO

1112.1

2.3%

WA P IC

2.30

-6.1%

UB A

1089.4

0.7%

INTB REW

5.30

-4.5%

UCA P

561.4

0.2%

A USTINLA Z

1.75

-3.8%

WA P CO

551.3

0.6%

SUNUA SSUR

5.16

-3.6%

GTCO

500.0

3.2%

Ticker

P rice

P rice Chg %

M A YB A KER

7.75

A CA DEM Y

2.72

THOM A SWY DEA P CA P TIP P RESTIGE

2.2% 18.7%

Vo lume

Ticker

19.6% -29.5%

T o p 10 T ra de s by V o lum e

T o p 10 G a ine rs

Outlook Investor sentiment, as measured by market

1.2%

P rice Chg %

Brokerage

Asset Management

Investment Research

Taiwo Ogundipe | togundipe@afrinvest.com

Christopher Omoh | comoh@afrinvest.com

Abiodun Keripe | akeripe@afrinvest.com

Deborah Akande | dakande@afrinvest.com

Robert Omotunde | romotunde@afrinvest.com

Damilare Asimiyu | dasimiyu@afrinvest.com

31

T H I S D AY • FRIDAY, FEBRUARY 7, 2025

MARKET NEWS A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager.

Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg.

Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 04 February-2025, unless otherwise stated.

Offer price: The price at which units of a trust or ETF are bought by investors.

Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.

NAV: Is value per share of the real estate assets held by a REIT on a specific date.

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS

AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund 414.18 414.18 4.19% Afrinvest Plutus Fund 346.95 346.95 13.48% Nigeria International Debt Fund 100.00 100.00 20.85% Afrinvest Dollar Fund 110.65 110.65 0.53% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 22.97% AIICO Balanced Fund 5.93 6.02 3.48% AIICO Eurobond Fund 100.00 100.00 6.79% Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 23.75% Anchoria Equity Fund 268.44 271.54 3.87% Anchoria Fixed Income Fund 1.31 1.31 -0.08% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Priceinfo@anchoriaam.com Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 36.04 37.13 1.65% ARM Discovery Balanced Fund 809.21 833.61 1.80% ARM Ethical Fund 71.12 73.26 3.72% ARM Eurobond Fund ($) 1.14 1.14 33.88% ARM Fixed Income Fund 1.19 1.19 51.57% ARM Money Market Fund 1.00 1.00 21.90% ARM Short Term Bond Fund 1.09 1.09 55.47% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com; Tel 08069294653 Fund Name Bid Price Offer Price Yield / T-Rtn 112.91 112.91 3.57% AVA GAM Fixed Income Dollar Fund 1,100.89 1,100.89 -1.17% AVA GAM Fixed Income Naira Fund AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn N/A N/A N/A AXA Mansard Equity Income Fund N/A N/A N/A AXA Mansard Money Market Fund CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn N/A N/A N/A CEAT Fixed Income Fund N/A N/A N/A Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) CAPITALTRUST INVESTMENTS AND ASSET MANAGEMENT LIMITED info@capitalexpressassetandtrust.com Web: www.capitaltrustnigeria.com; Tel: 08061458806 Fund Name Bid Price Offer Price Yield / T-Rtn NILL NILL NILL Capitaltrust Halal Fixed Income Fund CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn 1.05 1.05 13.93% CardinalStone Fixed Income Alpha Fund 1.08 1.08 8.10% CardinalStone Dollar Fund 1.29 1.31 4.52% CardinalStone Equity Fund CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapel Hill Denham Money Market Fund N/A N/A N/A Nigeria Bond Fund N/A N/A N/A Nigeria Dollar Income Fund N/A N/A N/A Paramount Equity Fund N/A N/A N/A CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 0.00% 111.19 111.19 12.43% Cordros Fixed Income Fund 117.39 117.39 13.41% Cordros Halal Fixed Income Fund Cordros Dollar Fund ($) 117.21 117.21 6.72% Cordros Milestone Fund 215.23 217.14 5.40% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund N/A N/A N/A Coronation Balanced Fund N/A N/A N/A Coronation Fixed Income Fund N/A N/A N/A EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A N/A N/A N/A EDC Nigeria Money Market Fund Class B N/A N/A N/A EDC Nigeria Fixed Income Fund N/A N/A N/A EMERGING AFRICA ASSET MANAGEMENT LIMITED assetmanagement@emergingafricafroup.com Web:www.emergingafricagroup.com/emerging-africa-asset-management-limited/, Tel: 08039492594 Fund Name Bid Price Offer Price Yield / T-Rtn Emerging Africa Money Market Fund 1.00 1.00 23.08% Emerging Africa Bond Fund 1.14 1.14 0.00% Emerging Africa Balanced Diversity Fund 1.32 1.34 0.00% Emerging Africa Eurobond Fund 111.93 111.93 7.09% Emerging Africa Halal Fund 1.05 1.05 12.23% FBNQUEST ASSETS MANAGEMENT LIMITED invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Money Market Fund 100 100 22.66% FBN Bond Fund 1696.4 1696.4 11.13% FBN Dollar Fund 127.09 127.09 7.90% FBN Halal Fund 145 145 14.86% FBN Specialized Dollar Fund 119.45 119.45 8.60% FBN Balanced Fund 333.81 336.27 0.74% FBN Smart Beta Equity Fund 343.48 347.52 6.07% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund N/A N/A N/A Legacy USD Bond Fund N/A N/A N/A Legacy Debt Fund N/A N/A N/A Legacy Equity Fund N/A N/A N/A FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral income fund 4,427.58 4,427.58 10.30% Coral money market fund 100.00 100.00 22.83% FSDH HALAL FUND 1,207.01 1,207.01 17.59%

FSDH dollar fund 1.27 1.27 5.43% Coral Balanced Fund 8,208.02 8,278.36 77.32% INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn ABACUS: Guaranty Trust Money Market Fund (GTMMF) N/A N/A N/A VEIF: Guaranty Trust Equity Income Fund (GTEIF) N/A N/A N/A VBF: Guaranty Trust Balanced Fund (GTBF) N/A N/A N/A VDF: Guaranty Trust Dollar Fund (GTDF) N/A N/A N/A VGIF: Guaranty Trust Fixed Income Fund (GTFIF) N/A N/A N/A LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1,237.55 1,237.55 13.02% Lotus Halal Fixed Income Fund 32.65% 2.34 2.38 Lotus Halal Equity Exchange Traded Fund 32.25 35.65 53.99% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com/funds/; Tel: +2348028496012 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 26.00 26.08 6.91% Meristem Value ETF 68.36 68.77 3.04% Meristem Growth ETF 31.62 31.89 10.47% Meristem Fixed Income Fund 105.84 105.84 17.30% Meristem Dollar Income Fund 10.42 10.42 9.64% Meristem Money Market Fund 10.00 10.00 24.60% NORRENBERGER INVESTMENT AND CAPITAL MANAGEMENT LIMITED enquiries@norrenberger.com Web: www.norrenberger.com, Tel: +234 (0) 908 781 2026 Fund Name Bid Price Offer Price Yield / T-Rtn 100.00 100.00 22.45% Norrenberger Money Market Fund (NMMF) 104.27 104.27 14.21% Norrenberger Islamic Fund (NIF) 104.10 104.10 9.79% NORRENBERGER DOLLAR FUND (NDF)-----($) 102.12 102.12 14.19% NORRENBERGER TURBO FUND (NTF)-----(N) PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn 10.00 10.00 16.4 PACAM Balanced Fund 12.28 12.60 0.44% PACAM Fixed Income Fund 2.69 2.75 16.09% PACAM Money Market Fund 1.40 1.46 -34.14% PACAM Equity Fund 137.09 141.07 4.16% PACAM EuroBond Fund SCM CAPITAL ASSET MANAGEMENT LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital The Frontier Fund N/A N/A N/A SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund N/A N/A N/A Skye Shelter Fund* N/A N/A N/A Union Homes REIT N/A N/A N/A STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Money Market Fund Stanbic IBTC Bond Fund Stanbic IBTC Dollar Fund (USD) Stanbic IBTC Shariah Fixed Income Fund Stanbic IBTC Enhanced Short-Term Fixed Income Fund Stanbic IBTC Balanced Fund Stanbic IBTC ETF 30 Fund Stanbic IBTC Ethical Fund Stanbic IBTC Guaranteed Investment Fund Stanbic IBTC Imaan Fund Stanbic IBTC Nigerian Equity Fund SIAML Pension ETF 40 Stanbic IBTC Aggressive Fund Stanbic IBTC Conservative Fund

STL ASSET MANAGEMENT LIMITED Web: WWW.STLASSETMGT.COM; Tel: 8136115170 Fund Name STL MONEY MARKET FUND STL BALANCED FUND

UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name United Capital Money Market Fund United Capital Sukuk Fund United Capital Fixed Income Fund United Capital Nigerian Eurobond Fund United Capital Global Fixed Income Fund United Capital Stable Income Fund United Capital Equity Fund United Capital Balanced Fund United Capital Wealth for Women Fund VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Money Market Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Zenith Balanced Strategy Fund Zenith ESG Impact Fund Zenith Income Fund Zenith Money Market Fund ZEDCREST INVESTMENT MANAGER LIMITED Web: www.zedcrestwealth.com; Tel: +2348075881240 Fund Name Zedcrest Money Market Fund Zedcrest Fixed Inocme Fund Zedcrest Dollar Fund

REITS

Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund

1.00 258.97 1.58 135.27 11.59 6,580.22 449.00 3.05 359.75 528.18 27,204.51 694.00 8,657.29 7,051.92

1.00 258.97 1.58 135.44 11.59 6,640.03 449.00 3.09 360.39 534.95 27,601.35 694.00 8,771.23 7,084.56

21.67% 0.18% 1.21% 1.31% 2.59% 3.15% 10.86% -98.48% 1.70% 6.01% 7.39% -14.32% 8.11% 3.78%

jemenike@stlassetmgt.com Bid Price NILL NILL

Offer Price Yield / T-Rtn NILL NILL NILL NILL unitedcapitalplcgroup.com

Bid Price N/A N/A N/A N/A N/A N/A N/A N/A N/A

Offer Price Yield / T-Rtn N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A funds@vetiva.com

Bid Price

Offer Price

Yield / T-Rtn

11.85 11.95 43.63% 18.04 18.14 17.16% 38.13 38.33 5.72% 1.00 1.00 21.51% 32.58 32.78 -30.33% 147.83 149.83 0.00% service@quantumzenithasset.com.ng

Bid Price Offer Price Yield / T-Rtn N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A investmentoperations@zedcrest.com Bid Price N1.00 N1.09 1.26

Offer Price N1.00 N1.09 1.26

Yield / T-Rtn 25.58% 13.33% 14.20%

Bid Price

Offer Price

Yield / T-Rtn

N/A

N/A

N/A

The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.

32

FRIDAY, FEBRUARY 7, 2025 • THISDAY

POLITY

Kumuyi’s Washington Trip and the Shifting Cynosure Banji Ojewale

I

n Washington DC, USA, Pastor William Folorunso Kumuyi of Africa is invited to lead the prayer and praise session as part of the ceremonies for the inauguration of Donald Trump as the 47th president of the United States. The revered Nigerian evangelist is through after a delivery of 290+ words in one minute and 36 seconds.

Reporters also note that Kumuyi, Convener of the denomination-disavowing Global Crusade with Kumuyi (GCK), is the only Nigerian and African cleric asked to minister. There’s this observation, too: His assembly, Deeper Life Bible Church (DLBC), trashed all the prognoses of infant death made by religious pontiffs on account of its pick of unyielding holiness as its motto; it then went on to survive withering headwinds, internal and external, to position itself in the forefront of the push of evangelical Christianity from the Global South, rather than from its cradle in the Global North.

Kumuyi’s appearance on this internationally visible scene is being interpreted as a merited recognition of the great work he, with his GCK, has been silently and resolutely undertaking, largely, in several parts of the world. The brand has landed him in Asia and the Middle East, with projections for wider and penetrative cross-continental reaches to Europe, North America, and more of Africa, Asia and the rest of the planet.

But if the Washington audience wasn’t familiar with the 83-year-old preacher’s trademarks, he revealed them in his telegraphic prayer.

Confessing God as the Epicentre of all of men’s affairs from generation to generation, as He operates through the Church, Kumuyi sought His full presence in the Church under Trump, in its leaders and at the political helm.

He pleaded: “You (God) said upon this rock, You would build Your church…and You say the gates of Hell shall not prevail against it…

“Revive Your church, restore Your Church, and purge Your church so that there will be the holiness and the righteousness You expect for Your church, and the Church will have a meaningful ministry in the government and America…

“Connect the church with the leader…Help the president… that the Church will remain the Church…and speak the truth to power…”

Later, after meeting with US Congressman Robert Pittinger and such top faith leaders as Tony Perkins and Lucas Miles, Kumuyi summoned

Kumuyi America and its leaders “to walk in holiness and righteousness as precursor to renewal and revival,” adding, “We believe in the power of the Gospel to transform lives and nations.”

An American cleric agrees. His country, he says, “desperately needs the touch of this God” of absolute holiness Kumuyi has been talking about since he founded his assembly from a small gathering in Lagos, Nigeria, in 1973.

The Nigerian churchman represents the new whirlwind from Africa called the Global South Christianity, which is returning man to pristine apostolic industry and its values.

An analyst has said the content of the worship in the new move is identified by “the honour given God… through (His) acts of salvation of spirit, soul, and body.” He also mentioned “passionate evangelism” as its attribute.

According to a study by the Lausanne Movement, “Christianity in the Global South (Africa, Asia,

Latin America) is growing both qualitatively and quantitatively at a phenomenon in comparison to Global North (Europe, North America) Christianity…

(In the former), the Bible is interpreted literally, trusted completely, and obeyed explicitly. The Bible is viewed as God’s Word to guide humanity in matters of faith and practice.”

This is the pursuit of the evangelists of the Global South, now Heaven’s dart to dash the hopes of those attempting a roll-back to the New Agers Movement.

But mankind left that era long ago, seeing it didn’t benefit us. It alienated us from the joy of affinity with our Creator. Indeed, it’s responsible for the slide of the Global North into a coven where sophistry and materialism are the peak of all human enterprise.

Because there’s no faith in God, there’s also no belief in the Heaven He promises hereafter for those who count on Him and His laws. They

don’t also accept there’s punishment waiting in Hell for those who dishonour His Word. They live by themselves, for themselves and of themselves.

How then would they fear a punitive wrath on the way if they wouldn’t see beyond their dark tunnel?

Now Pastor Kumuyi, ahead of his US visit, published an article in the Washington DC-based Christian Post, where he advised American Christians to “deepen their trust in God for daily concerns”.

He wondered why they would trust Him for their eternity, but not for mundane cares of the hour.

His op-ed contribution came with a question as the title, “If we trust God with eternity, why worry about today?”

After referring his American readers to Jesus Christ’s teaching that man shouldn’t overly fret about his life, Kumuyi said: “His (Christ’s) words call believers to a radical trust in God, one that transcends the daily affairs of our lives.

“Yet many of us struggle to heed His command…

At its heart, worry is a failure to trust God fully.

It is a subtle but powerful expression of doubt that whispers, ‘God might not come through…’

“When we make God’s Kingdom our primary focus, the concerns of this world fade in comparison.”

Unfortunately, the Western Hemisphere pulpiteers went to bed after bringing this liberating fire of the Gospel of Christ to the world. Upon returning to consciousness, they discovered that commodity Christianity had taken over, preaching ideologies of rabid prosperity, instead of rational propriety, charisma, instead of character, individualism rather than integrity, and frenzy worship instead of faith worship.

This is the reason mankind has been de-imaged from God. We no longer bear resemblance to the One Who formed us in His Own Imprimatur.

We now mirror materialism and all its ephemeral trappings dragging us into a bottomless sinking sand.

There’s no doubt that the coming together in Washington of the leaders of the two divides of the international Christian community would work in unity to restore Church purity and faith in the God Who insists that His creatures must come back to Him and fully cooperate with His laws in order to enjoy His peace again. And they have served notice that, as Pastor Kumuyi put it, they’re standing “together for faith-based dialogue to shape policies that uphold religious liberty and foster the growth of Christianity worldwide”.

•Ojewale, a writer, mailed this piece from Accra, Ghana.

NEWS

Akpabio Asks Senate Panels to Investigate Rivers Oil Spill, Inferno Senate confirms Najomo as NCAA DG

Sunday Aborisade in Abuja The Senate yesterday directed its Committees on Environment, Petroleum Resources (Upstream), and other relevant bodies to probe the recent fire outbreak and oil spill at Manifold Well 8/BUG 008 in Rivers State.

The panels would assess the operators’ compliance with the Environmental Impact Assessment (EIA) Act and other laws. The committees are to recommend appropriate sanctions where necessary.

The Senate also called on the Nigerian National Petroleum Company Limited (NNPC) OML 18 to take immediate action in line with its corporate social responsibility and environmental safety commitments.

It urged the company to deploy emergency response teams to assess the disaster’s impact and implement remediation measures for affected communities.

The lawmakers mandated the National Oil Spillage Detection and Response Agency (NOSDRA) to

investigate the cause of the fire and oil spill, submitting a report within four weeks.

These resolutions followed a motion

by Senator Banigo Ipalibo Harry (Rivers West) on the urgent need to mitigate the environmental and humanitarian impact of the incident.

Presenting the motion, Banigo lamented the extensive environmental damage, displacement of residents, destruction of property, and health risks.

Banigo noted that oil spills and fire outbreaks in the Niger Delta were

recurring issues, often due to poor safety protocols, sabotage, or weak enforcement of environmental laws.

Banigo highlighted the severe consequences, including contamination of rivers, farmlands, and aquatic life which is a key source of livelihood for communities in Buguma Asalga, Ifoko Asalga, and Bukuma (Agum) in Degema.

“The pollutants pose significant health risks, including respiratory and waterborne diseases, and long-term effects such as cancer and organ

damage, escalating the region’s public health crisis,” Banigo stated.

The Senate also expressed concern over delays in response from oil companies and regulatory agencies, which worsen the suffering of affected communities and erode public trust in environmental law enforcement.

The Senate therefore resolved that the Ecological Project Management Committee (EPMC) should deploy intervention funds to the victims of the incident, in addition to assistance by the National Emergency Manage-

ment Agency (NEMA) to address the ecological, health, and social damages caused by the spill.

Speaking on the motion, Senator Friday Kombowei (Bayelsa Central) decried the continuous suffering of the people in oil exploring areas in the Niger Delta region.

He disagreed with his colleagues that the people caused the fire and spillage by their sabotage of the oil infrastructure.

“You have some pipelines passing through people’s houses, people’s busi-

ness places, so what do you expect?

People should not just come here and talk down on the pains that people are already experiencing.

“There are a lot of ailments that are going on there now that we were not experiencing before,” he maintained.

In his contribution, Senator Yahaya Abdullahi (Kebbi North), a former chairman of the Senate Committee on the Niger Delta Development Commission, called for a complete overhaul of oil exploration infrastructure, including pipelines and flow stations.

NLC Backs Industrial Action by KEDC Workers

Onyebuchi Ezigbo in Abuja

The Nigeria Labour Congress (NLC) yesterday expressed support for the strike embarked by workers of Kaduna Electricity Distribution Company (KEDC).

It urged affiliates in Kaduna to join the protest on a solidarity basis

in a statement signed by its Head of Information and Public Affairs, Benson Upah.

NLC said that KEDC acted against the rule and process of redundancy by sacking over 900 workers in one fell swoop.

“We would like to commend the protesting workers of Kaduna Electricity

Distribution Company for peacefully conducting their strike action in spite of repeated acts of violation and provocation by the management of KEDC. Our hearts are with them in this heroic struggle against illegality and injustice.

“KEDC acted against the rule and process of redundancy. The sheer number (over 900 workers in one fell swoop)

is equally mind-boggling.

“Accordingly, we call on the management of Kaduna Electricity Distribution Company to come off its high horse and toe the path of reason or dialogue by unconditionally recalling the sacked workers. This will ensure industrial harmony and restoration of services in its area of jurisdiction,” it said.

NLC said that any attempt to prolong the act of aggression clearly runs the risk of a major sympathy action.

“Congress will not hesitate to give the on-going action the needed bite if KEDC management does see the wisdom behind an early truce. For a start, we call on all affiliates in Kaduna to join the protest on a solidarity basis.”

33

T H I S D AY • FRIday FEBRUARY 7, 2025

GamingWeek Edited by Nseobong Okon-Ekong | gamingweek1117@gmail.com | Tel: 08114495324

Can Video Games and eSports Overtake Traditional E n t e r t a i n m e n t i n A f r i c a’s Revenue Rac e?

TR

UTH

& R E ASO

N

By 2028, Nigeria’s video games market will generate $1.3 billion in revenue, representing a compound annual growth rate (CAGR) of 12.7 per cent from 2024 to 2028. This feat will place the market among the fastest-growing in the global video game industry. eSports in Africa will follow a similar path with an upward growth trajectory, translating to a CAGR of 25.2 per cent, solidifying it as a $20 million market, writes Iyke Bede

T

raditional entertainment forms, such as film and television, currently dominate Africa’s entertainment sector, accounting for about 40 to 60 per cent of its total revenue. This is no surprise, given the established presence of these industries. However, compared to the global contribution of eSports and video games, it raises the question: Can these newer sectors eventually rival or surpass traditional entertainment in Africa’s revenue race, as they have in other parts of the world?

Put simply, Africa’s economies and their drivers do not always align with global standards due to the varying role technology plays in advancing industries and revenue generation. The gaming ecosystem in Africa is still in its early stages, grappling with issues like organisation, financing, infrastructure, and adoption. Still, it remains resilient in the face of these adversities, contributing close to 10 per cent to the entertainment industry.

A newly published study by PwC, Africa

Entertainment and Media Outlook 2024–2028, reveals that the terrain might become more promising in the coming years as the eSports and gaming culture continues to expand into the mainstream.

With the rapid adoption of 4G and 5G technology, the growth of eSports competitions and tournaments, investment in local infrastructure, and talent development, backed by a teeming youth population, video games in Africa are set to witness an impressive growth trajectory, with Nigeria and South Africa—where 50 per cent of gamers are between the ages of 15 and 34—taking a continental lead.

By 2028, Nigeria’s video games market will generate $1.3 billion in revenue, representing a compound annual growth rate (CAGR) of 12.7 per cent from 2024 to 2028. This feat will place the market among the fastest-growing in the global video game industry. eSports in Africa will follow a similar path with an upward growth trajectory, translating to a CAGR of 25.2 per cent, solidifying

it as a $20 million market.

With mobile gaming at the forefront of shaping the gaming industry in Africa, amassing a significant portion of the video games industry, it will account for over $1 billion in Nigeria alone by 2028. Other markets, like Kenya, will also see a surge in the adoption of mobile eSports tournaments, encouraged by increased mobile data availability, smartphone penetration, and accessibility to gaming software.

Road to eSports and video games dominance

Inarguably, the African market has hit impressive milestones to position itself for expansion, albeit dwarfed by markets in Asia, Europe, and the Americas. Already, events such as the ESL African Championship and Gamr X’s impact have rippled to international shores, attracting sponsorship from brands for local eSports tournaments.

In Nigeria, tournaments like the Eko Games and the Nigeria Pro League have contributed to

A Guide to 2025 Olympic Esports Games in Riyadh Davidson Abraham writes that the world of esports is set to reach new heights in 2025 with the launch of the Olympic Esports Games, a groundbreaking event hosted in Riyadh, Saudi Arabia This marks a historic moment as the International Olympic Committee (IOC) embraces competitive gaming, integrating it into the global Olympic movement. Whether you’re a hardcore gamer, a casual esports fan, or simply curious about the event, this guide will provide everything you need to know about the Olympic Esports Games 2025.

What is the Olympic Esports Games?

The Olympic Esports Games is an official IOCbacked esports competition that aims to blend traditional Olympic values with the rapidly growing world of competitive gaming. Unlike previous esports events held under the Olympic Esports Series, this new tournament is a full-scale global competition with a dedicated venue, a broader range of games, and top-tier players from around the world.

This initiative comes as part of the IOC’s long-term strategy to engage younger audiences and recognize digital sports as a legitimate form of competition.

The event will showcase the best in esports talent, celebrating skill, strategy, and sportsmanship on a global stage.

Where and when will it take place?

global hub for competitive gaming, making it an ideal location for this historic event.

What games will be featured?

While the full list of esports titles has yet to be announced, the Olympic Esports Series 2023 featured games such as Gran Turismo, Virtual Taekwondo, Just Dance, and Chess.com. For 2025, the event is expected to include a mix of traditional sports simulations, strategy games, and potentially popular competitive titles such as League of Legends, Dota 2, Valorant, FIFA (EA FC), and Rocket League. The final selection will be curated based on global popularity, skills-based competition, and alignment with Olympic values.

The 2025 Olympic Esports Games will be held in Riyadh, Saudi Arabia, as part of a 12-year partnership between the IOC and the Saudi Arabian Olympic Committee. While exact dates are yet to be confirmed, the event is expected to take place in mid-to-late 2025. Riyadh, known for hosting How to watch and attend major international events such as Gamers8 and Fans from around the world will be able to watch the Esports World Cup, is quickly becoming a the Olympic Esports Games online through official

streaming platforms such as YouTube, Twitch, and the Olympic Channel. For those who want to experience the action live, tickets will be available for purchase closer to the event date. Riyadh’s modern infrastructure and hospitality industry make it an excellent destination for travellers looking to witness esports history firsthand.

The future of esports in the Olympics

The Olympic Esports Games 2025 is just the beginning. With the IOC’s commitment to esports, this event could pave the way for future Olympiclevel esports competitions and potentially lead to the inclusion of esports in the main Olympic Games.

Saudi Arabia’s investment in gaming also signals that esports will continue to grow as a mainstream, globally recognized sport, and the world will watch how esports continue to evolve, shaping the future of competitive gaming and digital sports.

the ecosystem’s development. In other regions, for instance, South Africa, Kenya, Egypt, and Morocco are no longer new to hosting international eSports competitions.

Streaming platforms like Twitch, YouTube Gaming, and local services are expected to increase in popularity across the continent. Africa is seeing a surge in streamers and viewers, with South Africa leading in Twitch subscriptions and viewing hours. This has created an opportunity for eSports competitors, influencers, and brands to monetise content and grow their audiences as more viewers engage with live streams.

With these revenue-generating activities gaining momentum, governments and private sectors across the continent have continued to recognise the potential of gaming and eSports, although support has been largely inconsistent. While some countries, like South Africa and Egypt, have established eSports federations and regulatory frameworks, others are still in the early stages of recognising gaming as a viable industry. Private sector investments are increasing, with telecom companies, fintech firms, and entertainment brands sponsoring tournaments and gaming hubs. However, challenges such as limited infrastructure, high data costs, and regulatory uncertainty continue to slow down the industry’s full potential.

Looking ahead, stakeholders across the continent— from governments and private investors to content creators—must collaborate more effectively to ensure sustained growth. Expanding regulatory frameworks, supporting infrastructure, and addressing high data costs will be key factors in unlocking the full potential of the gaming industry.

As the sector continues to evolve, Africa’s video games and eSports industries will face their fair share of challenges. But just like other rapidly growing sectors, these obstacles will help to shape them into standout industries with the potential to rival global markets. With the precedence of this sector’s global domination, Africa just needs a little more time to overcome its teething pains.

GAMINGWEEK TEAM Nseobong Okon-Ekong gamingweek1117@gmail.com | 08114495324 Iyke Bede ikennabede@gmail.com | 0703 044 7714 Akeem Lasisi lasaisai@yahoo.com | 08023687884 Vanessa Obioha vaysylver@gmail.com | 08069838305 Davidson Abraham davisiano.adm@gmail.com | +971 56 744 6013

ADVISORY: +18 PERSONS UNDER 18 MUST NOT PARTICIPATE IN BETTING, GAMING OR LOTTERY ACTIVITY

34

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

NEWS

BUILDING PARTNERSHIP OPPORTUNITIES BETWEEN OSUN STATE AND IHS...

L-R: Director, Government and External Relations, IHS Nigeria, Gimba Mohammed; Director, Sustainability, IHS Nigeria, Titilope Oguntuga; Special Adviser to the Executive Governor of Osun State on Technical and Vocational Education, Dr. Dapo Ademola-Adesina; Senior Vice President and Chief Corporate Services Officer, IHS Nigeria, Dapo Otunla; and Technical and Vocational Education Consultant, Engr. Laolu Oguntuyi, during a courtesy visit by the special adviser to Osun State governor to discuss partnership opportunities between Osun State and IHS Nigeria, at the HIS Head office in Lagos ... recently

Tinubu Celebrates Fayemi at 60, Adesina at 65, Awosemo at 70 Sanwo-Olu, Abidoun greet AfDB president Deji Elumoye and Adedayo Akinwale in Abuja President Bola Tinubu, yesterday, congratulated former governor of Ekiti State, Dr. Kayode Fayemi on his 60th, President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, on his 65th birthday, and the Deputy Managing Director and Chief Operating Officer at Arise News Television, Mr Adebayo Awosemo, who just turned 70 years old.

Tinubu, who was represented

by Vice-President Kashim Shettima at Fayemi’s birthday symposium in Abuja, commended him for seeking solution to the leadership question, not only in Nigeria but also in Africa.

In a speech titled: “Africa in The Post-Idea World” at Fayemi’s Commemorative Symposium and Launch of the Amandla Policy and Leadership Institute, Tinubu stressed that the world has never suffered from a scarcity of ideas, but noted that nations and civilisations had risen on the strength of visionaries, and they have also crumbled under the weight of ideas left in the dusty cupboard of time.

The president said Fayemi and his wife, Bisi, understood this, adding that the Amandla Institute for Policy & Leadership Advancement would have been just another think-tank for empty theories and fancy talk shows if it were not the brainchild of minds that have had the privilege of fusing intellectual rigour with actionable courage.

“Dr. Fayemi’s legacy, from pro-democracy activism to public administration, teaches us that leadership in this era demands more than ideation.

“It requires the stamina to execute, the grit to dismantle barriers, and the wisdom to see the inventions of the current wave of the Industrial Revolution not as a threat, but as a tool to reclaim Africa’s agency.”

Tinubu was of the opinion that the founding of Amandla Institute emerged as an antidote to this paralysis, saying the world was not waiting for Africa to catch up.

“Whatever our differences across the continent, one fact that can’t be eroded by our infighting is that we are in the age of machines, and we can’t fight our development dilemma with spears and arrows while the rest of the world is fighting the same battle with missiles and tanks,” he said.

In a statement by his Adviser on Information and Strategy, Bayo Onanuga, the president also rejoiced with Adesina, aformer Minister of Agriculture and Rural Development,

Fayemi

Adesina

Awosemo

whose leadership of national and multilateral institutions, he said, has continued to set new standards of innovativeness, transformation, and sustainable development.

Tinubu affirmed that the numerous recognitions and awards bestowed on the versatile and cerebral technocrat are well deserved, following his track record of inspiring growth and development, mainly targeting the poor and vulnerable to reduce poverty.

He acknowledged Adesina's impactful leadership at the helm of the AfDB, which took the institution to historic heights by raising the capital base from $93 billion in 2015 to $318 billion.

Tinubu believed that the economic diplomacy of the AfDB president has repositioned Nigeria and the whole of Africa for greater prosperity.

He also believed the foresight, wisdom, and experience of the former Vice President of Policy and Partnerships for the Alliance for a Green Revolution in Africa (AGRA) would always be relevant and integral to Africa's development.

In yet another statement, also by Onanuga, joined other well wishers in honouring the veteran journalist and public relations consultant, Awosemo, for his service to the nation.

Tinubu highlighted Awosemo’s career at the National Television Authority (NTA), where he played a critical role in creating some of the network’s most popular broadcasts during the ‘70s, ‘80s, and ‘90s.

With 28 years of service, Awosemo left his mark as Manager of News and Head of Current Affairs with programmes such as Newsline, Periscope, and The Platform.

Beyond NTA, Awosemo’s career includes contributions as Director of Information and Logistics at the Oil Mineral Producing Areas Development Commission (OMPADEC) and as Manager in External and Government Affairs at Addax Petroleum.

As Deputy Managing Director at Arise TV, Awosemo has shaped narratives about Nigeria and enhanced

its domestic and international image.

As Awosemo reaches this milestone, Tinubu commended his unwavering dedication to nurturing younger media professionals. The president prayed for Awosemo’s continued longevity, health, and happiness and wished him and his family a joyous celebration.

At the same time, the Governor of Lagos State, Mr. Babajide Sanwo-Olu, in a congratulatory message by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, described Adesina as a good ambassador of Nigeria and Africa.

The governor said the AfDB President has distinguished himself in office as the head of the international

organisation.

"Dr. Adesina is worth celebrating for being a good ambassador of Nigeria and Africa at large. He has been a good administrator and technocrat in different public offices at national and international levels in the last three decades.

"He turned agriculture around in Nigeria during his tenure as the Minister of Agriculture and Rural Development. He has also brought more development to the African continent as the President of the African Development Bank.

“On this occasion of Dr. Akinwunmi Adesina's 65th birthday, I wish him good health and wisdom as he continues to render more services

to humanity, our dear country, the African continent, and the world.”

Also, the Ogun State Governor, Dapo Abiodun, in his message, hailed Adesina as an economic visionary whose contributions have significantly influenced the landscape of Africa's development.

Abiodun noted the remarkable journey of Dr. Adesina since he took the helm of the AfDB in 2015.

"Under his stewardship, the African Development Bank has transformed into a beacon of hope and progress for our continent," he stated.

The governor emphasised that Adesina’s leadership has not only enhanced the bank's reputation but has also fortified its role as a pivotal institution dedicated to the economic upliftment of African nations.

"Dr. Adesina embodies the essence of leadership, inspiring others to strive for excellence and fostering a unifying spirit among African countries," he added.

Meanwhile, speaking, too, at Fayemi’s symposium, a former Head of State, Gen. Yakubu Gowon, said he was delighted to see a new generation of leaders like Fayemi and his wife, who embody the values of integrity, compassion, and selfless service.

He added that the occasion marked

not only the beginning of a significant initiative but also a commitment to the values of compassion, community, and progress that we hold dear.

Gowon emphasised that Fayemi's ideals and vision was a testament to his commitment to the welfare of Nigerians, saying he had no doubt that it would make a significant impact in the lives of many.

His words: “As I look back on my own life and legacy, I am reminded of the importance of perseverance, hard work, and dedication to the service of our great nation.

“Dr. Fayemi's journey is a shining example of these values, and I have no doubt that he will continue to inspire and motivate others to follow in his footsteps.”

Earlier, in a keynote address, former South African President, Thabo Mbeki, said development aspirations and targets across Africa had largely not been met due to a multiplicity of factors, including inadequate resource mobilization and poor leadership.

He noted that the way forward, in the context of the establishment of a global multipolar order, was for African leaders to prepare adequately to position the continent correctly in order for it to participate actively in the determination of the global agenda.

ICPC Boss: How We Recovered Over N20bn from Ghost Workers' Pensions in 2024 Alex Enumah in Abuja

Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN, on Wednesday revealed how the commission recovered over N20 billion siphoned through fraudulent ghost workers' pension schemes in 2024.

According to the chairman, the ICPC uncovered what it described as "fraudulent insertion" of workers in some Ministries, Departments, and Agencies (MDAs) as part of its preventive activities.

Aliyu made this disclosure during the “Editors’ Breakfast Meeting with ICPC Chairman,” an interactive session organized by the ICPC for media executives, in Abuja.

A statement made available to journalists by Demola Bakare, the Director, Public Enlightenment and Education, who also doubles as spokesperson for the commission noted the chairman emphasized that the fight against corruption cannot be waged by anti-graft agencies alone,

stressing the need for collective efforts to drive national progress.

He stated that the ICPC has adopted a strategic communication approach in line with the 1999 Constitution and the Corrupt Practices and Other Related Offences Act, which ensures that the Commission remains strict and diligent in its operations, while it upholds the rule of law and human dignity.

"Over the years, ICPC has followed a communication strategy guided

by Section 36 and Section 27(4) of the 1999 Constitution (as amended) and the Corrupt Practices and Other Related Offences Act, 2000.

“These legal provisions safeguard suspects' rights. While we remain firm and meticulous in our duties, we are equally committed to upholding the rule of law and human dignity," he stated.

Dr. Aliyu also underscored the importance of responsible information dissemination, particularly in safeguarding informants and preserving the integrity of ongoing investigations.

"In matters of enforcement, we share verified information through reports, newsletters, press releases, our website, and social media. However, we ensure that the identities of informants are protected and that the integrity of our investigations is not compromised," he added.

Meanwhile, the statement noted the commission is not seeking public validation but rather remains focused on delivering measurable results based on its Strategic Action Plan (2024-2028).

"We want our work to be evaluated based on our performance standards, not the need for attention or approval. Our commitment is to provide accurate information without exaggeration or self-promotion.

“Additionally, we pledge to respond promptly to media inquiries while adhering to legal and ethical guidelines," he affirmed.

Dr. Aliyu further disclosed that the ICPC is collaborating with reputable civil society organizations to implement a Corruption Prevention Program for Local Governments.

He stated that the initiative aims to promote proactive disclosure of financial, procurement, and corruption-related information at the grassroots level.

The chairman, while recognizing the media as a vital stakeholder in the anti-corruption fight, called on journalists to work closely with the ICPC to enhance public awareness and amplify the commission’s programs.

In his opening remarks, the Vice President of the Nigerian Institute of Public Relations (NIPR), Professor Sule Ya’u Sule, commended the ICPC for the initiative, and stressed the need for his colleagues to support the Commission’s mission by reporting credible and timely information.

Similarly, the Deputy Vice Chairman of the Nigerian Guild of Editors (NGE) Mrs. Hussaina Banshika, expressed gratitude for the engagement and urged the ICPC Chairman to institutionalize regular interactions with the media to foster greater synergy and collaboration in the fight against corruption.

35

T H I S D AY • FRIDAY, FEBRUARY 7, 2025

NEWS

INAUGURATION OF RENAMED GANDUJE DRIVE...

L-R: Imo State Commissioner for works, Barr Ralph Nwosu; APC Deputy National Chairman (South), Chief Emma Enukwu; APC National Chairman, Dr Abdulahi Ganduje; Governor Hope Uzodimma and others during the inauguration of the newly dualised former DSS road, now renamed Ganduje Drive, in Owerri... yesterday

Ologbondiyan: PDP May Face Worse Crisis over Unsettled National Leadership Matter

Disciplinary c’ttee steps down petitions against NWC members S’east polarised, stakeholders back Anyanwu Group chides BoT over national secretaryship Chuks Okocha in Abuja Former National Publicity Secretary of Peoples Democratic Party (PDP), Kola Ologbondiyan, has said the opposition party might face a worse crisis if it failed to address one of the issues that contributed to its failure in the 2023 presidential election.

Ologbondiyan said the party would face another crisis if it failed to zone its national chairmanship position to the North Central region.

He said this when he appeared on Channels TV’s morning programme, Sunrise Daily, yesterday.

The PDP has been in disarray since 2022, following its national convention, which produced former Vice-President Atiku Abubakar as its 2023 presidential candidate.

This did not go down well with some party members, as disgruntled PDP governors led by Nyesom Wike, worked against the party.

Currently, the PDP is divided over its national secretary position as Sunday Ude-Okoye and Samuel Anyanwu are locked in a legal battle.

However, when asked if there were other issues the PDP needed to deal with to ensure the opposition party stabilises ahead of the 2027 general election, Ologbondiyan said the national chairmanship position, if not zoned to the North Central, would disrupt the party again.

“We saw it coming, and anybody in the Peoples Democratic Party, who is interested in the party’s life cannot claim not to know that this would happen.

“Having said that, I still insist—and I believe I speak for the majority of North Central—that even if it’s going to be for a day, the North Central must be allowed to take over the

office of the substantive national chairman, which was vacated by Senator Iyorchia Ayu, through which Ambassador Ilyasu Damagum assumed office in acting capacity, which means it’s not substantive.

“So, whether the life of the present executive would end in December or before then, the North Central should be given the opportunity. Otherwise, the challenge that led to G5 is still alive. It may not function in the same way, but it would be on record that the party at a point was unjust to the people of North Central.”

Meanwhile, the PDP Disciplinary Committee headed by Chief Tom Ikimi, yesterday, said it has stepped down petitions against three members of the National Working Committee, NWC to ensure the ongoing reconciliation.

In a statement, Ikimi said though the committee has received petitions against three members of the NWC, it declined to commence actions against them so as to enable the reconciliation efforts of the PDP governors forum and the party's Board of Trustees to materialise.

He, however, said a former governor of Benue State, Samuel Ortom, would appear before it next week Wednesday, and urged other who were invited to come with their witnesses This, nonetheless, the crisis in the PDP has polarised the South east after stakeholders of the party from the zone condemned moves to remove Senator Samuel Anyanwu as national secretary.

The stakeholders, in a statement in Owerri, capital of Imo State, maintained that Anyanwu was the substantive PDP National Secretary based on the stay of execution issued

by the Court of Appeal.

“The stay of execution has said it all. There is only one National Secretary, and it remains Senator Samuel Anyanwu,” they stated in a statement by the Chairman of South-East PDP Stakeholders Forum, Chief Maxwell Okoye.

Similarly, the party's unity Project Group, has chided the Board of

Trustees (BoT) of the PDP for arrogating to itself the powers it did not have.

The PDP unity project group further said the actions of the party’s BoT amounted to acts of impunity, because it arrogated to itself the power it did not have.

Addressing a press conference, Chairman of the PDP Unity Project

The leadership of the Labour Party, yesterday, expressed shock over the assassination of the lawmaker representing Onitsha 1 North Constituency in the Anambra State House of Assembly, Hon. Justice Azuka.

The lawmaker was abducted on Tuesday, December 24, 2024 by gunmen while returning home on Ugwunaobankpa Road in Inland Town, Onitsha and his decomposing body was found around the 2nd Niger Bridge on Wednesday.

In a statement by the National Publicity Secretary of the party,

Obiora Ifoh, the LP said, "We are presently traumatised by this death and others that have become a daily occurrence in Anambra State, a state that is gradually assuming a hobbesian status under the administration of Prof. Charles Soludo.

“Anambra has fully assumed the state of war, where life has suddenly become nasty, brutish and short because the present leadership has completely lost the will-power to enforce law and sanity.''

The Labour party said it was pained because not long ago, its candidate in the last governorship election in Anambra State, Obiora

Wabara to first use the above section to examine his junky and lackluster leadership as BoT Chairman before further applying it to members, Wabara should also know that the matter in context is already before the court. ''Therefore it's only a court can adjudicate, and not Board of Trustees (BoT) or any party organ,'' he stressed.

Senate Probes Allegations by Niger Junta against Nigeria Sunday Aborisade in Abuja The Senate, yesterday, asked its committees on Intelligence and National Security and that of Foreign Affairs to investigate allegations made by the Military Head of State of Niger Republic, Brigadier General Abdourahmane Tchiani, against Nigeria.

Tchiani alleged that the Nigerian government was colluding with France to destabilise his country.

The resolution followed a motion sponsored by Sen. Shehu Umar Buba (Bauchi South) during plenary on Thursday.

Tchiani had alleged that a new militia group, Lakurawa, has been formed in the Nigeria’s Northwest region to threaten the Niger Republic.

He also claimed that a base was being established in a forest near Gaba, Sokoto State, with operational reach extending to Sokoto, Zamfara, and Kebbi States.

He also accused Nigeria of allowing foreign military bases on its soil to target Niger’s oil pipelines.

Buba expressed deep concern over the claims, which he described as unfounded and damaging to Nigeria’s sovereignty and international reputation.

The Senator’s motion noted that the allegations came despite the fact that Nigeria and the Niger Republic shared a long history of cooperation in security, trade, and culture, though diplomatic ties between the two nations.

He noted that the relationship had been strained since the July 26, 2023, coup in Niger, which led to ECOWAS, under Nigeria’s leadership, demanding a return to constitutional democracy.

He also claimed that the relations were gradually improving before Tchiani's latest accusations on December 26, 2024.

The Senate expressed concern

LP Claims Soludo Has Lost Will to Enforce Law, Sanity Following Lawmaker’s Murder

Chuks Okocha in Abuja

Group, Mfong Usoro said, ''what happened Wednesday marks another inking day in the PDP when Senator Adolphus Wabara, the supposedly PDP Board of Trustees Chairman gathered strangers in a hotel in Abuja to carryout a broad daylight infamy and a condemnable act of grave infraction on the PDP constitution.”

Usoro said, ''While we expected

Agbasimelo, was abducted while campaigning. ''As we speak, his whereabouts is still unknown. Neither the security agencies nor the government could account for his disappearance and his family is left traumatized,'' he said.

Ifoh stated that the whole essence of a government was to provide security and well-being for the people, noting that the constitutional provision was lacking in Anambra State at present.

The LP spokesman added: ''It is unbelievable and unspeakable that a personality as high as a legislator could be abducted for over a month

and the government was incapable of rescuing him. ''Though information has it that the police have made arrests of some suspects, we are however calling for a proper and deeper investigation to unravel the real culprits. ''We are not by anyway suggesting political motive. That would be left for the security agencies to determine, however, we are not unmindful of the circumstances that led to his regaining his mandate after a court ruling ousted the previous winner, from another party who was initially declared the winner of the 2023 election.

that instead of utilising diplomatic channels, the Nigerien leader made public accusations that could tarnish Nigeria’s image and undermine its sovereignty.

Going further, the lawmakers stressed that Nigeria’s Constitution granted the National Assembly over-

sight over international treaties and agreements, and no such arrangement allowing foreign military bases or militias had been approved.

The Senate then resolved that the committees should investigate Tchiani’s allegations and report their findings in four weeks.

Alake Secures UN Agency Study Facility for Critical Minerals

Folalumi Alaran in Abuja

A study facility to develop a roadmap on Nigeria’s critical value chain from extraction to beneficiation to be funded by the Global Council for Critical Minerals is one of the low hanging fruits secured by Solid Minerals Development Minister, Dr. Dele Alake, on the sidelines of the ongoing annual Mining Indaba holding in Cape Town, South Africa.

The Global Council for Critical Minerals is a specialised organ of the Sustainable Energy for All, a United Nations Agency setup to implement the Agenda for Sustainable Development.

The study, to be carried out by UC Davis and supported by Core International, will examine the country’s critical minerals’ resource and reserve and set international best practices for value development to ensure it contributes to value addition to grow the economy.

One of the expected benefits is the development of an industrial sector for the local production of solar power and foreign exchange savings from the reduction of imports of solar power products.

Exchanging views with the Principal Specialist, Renewable Energy, Sustainable energy for

All, Mr. Divyam Nagpal, Dr. Alake thanked the UN agency for the gesture, saying it would enrich the development of Nigeria’s policy on solar power.

His words: “Since we have the materials for the production of solar power, we should vigorously pursue the policy of stopping the importation of solar power products and localise the production in Nigeria.

“We have a large market.

Already, a lot of the products in Nigeria service the West African sub-region. So whatever material we are producing or manufacturing has a ready West African market.”

Alake reviewed steps taken by the administration of President Bola Tinubu in the mining sector since assumption of office assuring the UN agency that the investment climate is positive and friendly.

“We are putting in place a new security architecture that will ensure, not just the safety of the investor but also the protection of the mining environment.

“We also had to re-draw the Community Development Agreement to ensure that the local populace benefit maximally from these developments, so that at the end of the day, it is a win-win for the investor, the populace and the State,” he said.

36

FRIDAY, FEBRUARY 7, 2025 • T H I S D AY

NEWS

COURTESY VISIT TO MINISTER OF WOMEN AFFAIRS...

L-R: Turkiye Ambassador to Nigeria, His Excellency, Hidayet Bayraktar and Minister of Women Affairs, Hajia Imaan Sulaiman-Ibrahim, when she paid the ambassdor a courtesy visit on Wednesday in Abuja

Ex-NYSC DG, Tsiga, Nine Others Abducted Francis Sardauna in Katsina Gunmen suspected to be terrorists have abducted a former Director General of the National Youth Service Corps (NYSC), Brigadier General Maharazu Tsiga and nine others after invading his residence.

The suspected terrorists kidnapped the erstwhile NYSC boss after they stormed his residence in Tsiga community, Bakori Local Government Area of Katsina State Wednesday night.

A relative of Tsiga, who craved anonymity, disclosed that the terrorists attacked the community at about 11:30p.m and moved straight into the residence of the former Army general after shooting sporadically.

He said the terrorists shot three members of the community, including the two sons of Mr. Tsiga's immediate neighbour, before abducting him and nine other members to adjoining forests in the area.

The source said those who sustained injuries during the at-

tack were receiving treatment at the Comprehensive Healthcare Centre in the community, “But we are planning to transfer them to Federal Teaching Hospital, Katsina,

due to the gravity of their injuries.”

He said: “During the attack, General Muharazu Ibrahim Tsiga pleaded to give them all what they wanted, but the bandits declined

his request and kidnapped him.

They abducted nine other residents of the community.”

Asked about Tsiga's family, the source said: “You know his family

Major General Adamu Laka of the National Counter Terrorism Centre (NCTC), has said proceeds from ransom payments were parts of the factors fueling terrorism and banditry across the country.

General Laka also revealed that non-state actors, including bandits, terrorists, cultists, militants, and secessionist groups, were exploiting kidnapping for pecuniary gains and funding illicit activities.

Tsiga, who assumed office at the NYSC as director general in January 2009, according to family sources, has been battling undisclosed illness since he left office.

NAICOM, FRSC Partner to Enforce Third-party Motor Insurance Policy Omosehin vows to ensure prompt payment of claims by insurance firms Mohammed promises 100% enforcement by road safety officials James Emejo in Abuja The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) yesterday agreed to work together to enforce compliance

with the Third-party Motor Insurance policy in the country.

Third-party insurance is the minimum coverage compulsorily required by law for any vehicle on Nigerian roads.

Addressing journalists after a meeting with the heads of both agencies, Commissioner for Insurance, Nigeria/Chief Executive, NAICOM, Mr. Olusegun Omosehin, said discussions focused on various

Proceeds from Ransom Payment Fueling Terrorism, Banditry in Nigeria, Says NCTC Linus Aleke in Abuja

are not here with him. Only some of his relatives and personal security guards were with him during the attack, but the bandits kidnapped only him at the residence.”

According to him, kidnapping for ransom posed a significant security challenge in 2024, with the government forecasting that the menace will persist in 2025 due to its financial incentives.

Speaking during a press conference in Abuja to showcase the success of the Multi-Agency Anti-Kidnap Fusion Cell, Laka said despite a 16.3 per cent decrease in kidnapping incidents in 2024, compared to 2023, the threat remainedserious, affecting national security, socio-economic activities,

and food production nationwide.

Laka attributed the reduction in kidnapping incidents to the coordinated efforts of the current administration, under the strict supervision of National Security Adviser, Nuhu Ribadu.

He, however, noted that the number of victims increased slightly by 0.27 per cent, with Kaduna, Katsina, and Zamfara States in

the Governor of Zamfara State, Dr Dauda Lawal and the people of Zamfara State on the tragic incident of the fire that gutted the Islamic school where 17 lives were lost.

"I pray Allah comfort and give the families and loved ones of the departed the fortitude to bear this painful loss.

"This once again, brings to mind the need for precautionary safety measures in all our public facilities.

"I pray that such will not reoccur not only in Zamfara State, but all over Nigeria.

"May Allah grant the souls of the departed Aljanah Fridaus."

Emmanuel Addeh in Abuja

the North-West accounting for the highest prevalence.

"The sustained payment of ransom fuelled the crime, as perpetrators exploit families' fears to demand exorbitant sums," General Laka said.

He said kidnapping incidents occurred in both rural and urban communities, targeting villages, schools, highways, and residential areas.

areas of collaboration to enforce compliance, boost confidence in insurance and make the roads safer.

Omosehin vowed to ensure that going forward insurance firms pay claims associated with third party insurance,and urged Nigerian to take advantage of the benefits of the cover.

He said as the insurance industry regulator, all reported applications will be attended to and encouraged policy holders to come forward for their mature claims.

He said NAICOM under his watch will continue to prioritise payment of claims, adding that the commission has set up a website and complaint bureau to handle instances of noncompliance.

He said the current NAICOM administration is pushing for zero tolerance for payment insurance claims.

He said, "Wr are changing the narrative, and I and team are here to reform the insurance sector to make Nigerians believe in insurance."

He said Nigerians should henceforth see insurance as that comfort that is readily available for them when needed.

Omosehin said the commission was ready to cleanse the market, adding that when passed into law, the new insurance bill raise the share capital of insurance operators to be able to further pay claims.

He said, "We are determined to see this through" adding that the verification of genuine insurance remained a major priority for the commission.

On his part, the Corps Marshal, Federal Road Safety Corps (FRSC), Shehu Mohammed, ensuring road safety was a collective responsibility, adding that the agency remained ready to partner NAICOM for this purpose.

He said the third party insurance for vehicles remained a compulsory requirement that would be enforced 100 per cent to reduce road traffic accidents.

Lokpobiri Decries Neglect of Brass First Lady Mourns Victims of Islamic School Fire Inferno in Zamfara Refinery, Assures of Project Revamp Deji Elumoye in Abuja

Wife of the President, Senator Oluremi Tinubu has mourned the 17 victims of the recent fire incident that gutted an Islamic school in Kaura Namoda, Zamfara State, commiserating with the government and people of the state over the tragic incident.

Mrs. Tinubu stressed the incident has brought to light the need for precautionary safety measures to be put in place all public schools across the country.

A release personally signed by her on Thursday stated, inter alia: "I commiserate with

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has expressed dissatisfaction over the abandonment of the Brass Modern Refinery project in Bayelsa State, describing it as unacceptable.

The minister made this known during an inspection visit to Brass Local Government Area of the State, during which he inspected the Ewa-ama road project, which leads to Brass Petroleum Products Terminal (BPPT).

A statement in Abuja from the minister's spokesperson, Nneamaka Okafor, quoted Lokpobiri as reaf-

firming the federal government’s commitment to revitalising critical oil and gas infrastructure in the Niger Delta.

Accompanied by the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, Lokpobiri emphasised that the completion of ongoing projects in the region remain a key mandate of President Bola Tinubu’s administration.

He assured that the government was determined to ensure the realisation of the projects within the president’s first two years in office.

“It is unacceptable that such a strategic project has been left in

this state for so long. The federal government remains committed to ensuring that critical oil and gas infrastructure, like the Brass Refinery, is completed to create jobs and drive economic growth in the region.”

During his visit, the minister engaged with representatives of the host community, acknowledging their peaceful disposition despite the challenges they have faced. He urged them to continue supporting the federal government’s efforts and assured them that their concerns had been noted.

The minister further urged the host community to sustain the peace, emphasising that stability

is essential for attracting further investment and development. He reiterated the government’s dedication to creating opportunities that would benefit the people of Brass and the broader Niger Delta region.

“I sincerely commend the people of Brass for their patience and cooperation. Your support is invaluable, and I assure you that we will work tirelessly to address these issues and bring this project to completion,” he added.

It quoted representatives of the community as expressing gratitude for the minister’s visit, describing it as a significant step towards restoring confidence in the government’s commitment to the region.

37

FRIday february 7, 2025 • T H I S D AY

NEWSxtra

NESTLE DIARY FARM DEMONSTRATION LAUNCH…

L-R: Senior Special Assistant to the President on Livestock Development, Idris Ajimobi; Minister of Livestock Development, Mukhtar Idi Maiha; Managing Director/CEO, Nestle Nigeria Plc, Wassim Elhusseini, and CEO, CBI Innovation Limited, Olusoji Apampa, during the Nestle Dairy Demonstration Farm Launch in Abuja…yesterday

NSCDC Arrests Four for Illegal Possession of Firearm, Gunrunning, Banditry Michael Olugbode in Abuja

Four suspects who were allegedly involved in illegal possession of firearm, gunrunning, kidnapping, banditry and job racketeering have been arrested by the Nigeria Security and Civil Defence Corps (NSCDC).

A statement yesterday by the spokesman of the NSCDC,

Babawale Afolabi, said the arrest was made possible by the NSCDC Commandant General’s Special Intelligence Squad in its ongoing effort in combating economic sabotage and fighting Insecurity across the country.

He said the CG’s SIS also recovered two automatic rifles with three magazines; an AK47 with 15 live

Cult Clash Claims Five in Rivers Community

Blessing IbungeinPortHarcourt

A clash that ensued between rivalry cult groups has claimed the lives of five persons in Obele community, Emohua Local Government Area of Rivers State.

THISDAY gathered that suspected cultists invaded the aforementioned community late Wednesday night, and killed five victims.

A source from the community revealed that some suspected members of rivalry cult invaded the Obele community in search of their targets.

It was learnt that the suspects’ on the incident day, moved from one house to another looking for

their targets, where five persons were later confirmed shot dead at different compounds in the community.

A native, who pleaded anonymity, told THISDAY that some of the persons killed are believed to be blood relations to rivals of the gunmen who came for the attack.

He said two of the deceased are believed to be members of the rivalry cult group.

Meanwhile, the spokesperson for the Rivers State Police Command, SP Grace Iringe Koko, has confirmed the incident. She disclosed that seven persons have been arrested in alleged connection to the incident.

ammunition, one FN riffle with two live ammunition, one live cartridge with nine locally fabricated pistols,

meeting opportunity,” citing his extensive experience in security and public service.

“President Tinubu’s choice of Ribadu as NSA reflects his expertise, competence, and unadulterated commitment to Nigeria’s progress,” Adamu stated.

“It also underscores the President’s emphasis on professional excellence and expertise in governance.”

The ACJGG accused Naja’atu Muhammad of engaging in what it described as “baseless social media allegations” rather than constructive dialogue on national security.

Emmanuel Ugwu-Nwogo in Umuahia

Abia State Governor, Alex Otti, has welcomed the move by investors to revive and convert the long abandoned Aba Mega Mall into a manufacturing park, 10 years after its abandonment.

The glimmer of hope for the

The Chairman/CEO of the Nigerians in Diaspora Commission (NIDCOM), Hon. Abike DabiriErewa, has urged Alumni of Obafemi Awolowo University to contribute to the development of the institution as a way of giving back to the institution that made them.

In a statement signed by AbdurRahman Balogun, the director

of Media, Public Relations and Protocols Unit of NiDCOM, Abuja, Erewa commended the alumni for keeping the flag flying and for their efforts to give back to the institution.

Dabiri-Erewa, who graduated from the then University of Ife (now Obafemi Awolowo University) in 1983, gave the remarks in Abuja when she received the newly elected executive members of Great Ife Alumni Association, Abuja chapter.

years. They were all arrested at Ukoso Komva Ward, Wamba Local Government Area of Nasarawa State.

abandoned project surfaced yesterday following a crucial meeting between Governor Otti and a team from Greenfields Assets Limited led by its Group Chairman, Dr Paul Obanua.

The multi-million dollar Aba Mega Mall was inaugurated in May 2015 and thereafter abandoned by the previous administration in

state which allowed the project to lie comatose.

However, Otti has promised that his administration was disposed to entering into a partnership with the investors to revive the project and convert it to a major centre of economic activities.

Obanua told journalists after the meeting that he was excited over

the outcome of his deliberations with the Abia Governor, adding that he was pained after watching a project he had borrowed $10 million to set up wasting away.

“We are very excited that the Governor, His Excellency, Dr. Alex Chioma Otti, has granted us the audience we have not had in this state in the last 10 years,” he said.

Bauchi Gov Swears in New Head of Civil Service, Chief Economic Adviser Approves N793.6m for 5,410 students’ exam fees

Segun AwofadejiinBauchi

Bauchi State Governor, Senator Bala Mohammed, has sworn in the newly appointed officials, including Mohammed Sani Umar as the acting Head of Civil Service, and Yahuza Adamu Haruna as the Chief Economic Adviser.

The swearing-in ceremony took place at the Council Chamber in

the Government House in Bauchi yesterday, marking the beginning of their tenure.

Umar, a seasoned legal professional and administrator, will provide leadership in the civil service, ensuring efficiency and professionalism in the state’s public sector.

Prior to his appointment, he served as the Permanent Secretary

Establishment in the office of the Head of Civil Service. While, Yahuza Adamu Haruna, the new Chief Economic Adviser, who is an expert in economic planning and policy, was the immediate-past Head of Civil Service.

He is expected to advise the government on critical economic strategies aimed at fostering sustainable development in

Bauchi State.

Speaking after the swearing-in ceremony, Governor Mohammed said that Yahuza Haruna is expected to work with the state Economic Management Team to provide and coordinate intersectoral economic policy direction and monitor the progress in the implementation of government policies and programmes.

Inability of Council of Legal Education to Inspect Law Faculty Stalls Admission, Says VC Ibrahim Oyewale in Lokoja

As part of efforts to douse the

Akinwunmi, has disclosed that the inability of the Council of Legal Education to visit the university

has stalled the process as earlier scheduled.

Professor Akinwunmi made to this known while speaking during the interactive session with members of the Correspondents Chapel, Nigeria Union of Journalist (NUJ) paid him a courtesy at office in Lokoja yesterday.

The vice chancellor pointed

out that the university authorities have concluded arrangement to the commencement of the law programme, stressing that the state-of-arts facilities have been provided at the law faculty.

He explained that the National University Commission had already been at federal university and approved the programme.

According to him, “The inability of the Council of Legal Education who coordinate the law programmes in Nigerian university is already giving us nightmare. We have put everything in place for the takeoff, but unfortunately the CLE could not visit our campus to see things for themselves.

Ewa Urges FG to Finalise Carbon Market Policy Framework to Attract Investments

Sunday Okobi

The Chief Executive Officer and Chairman of Cross River State Green Economic Commission, Oden Ewa, has tasked the federal government and its agency, National Council on Climate Change, on the urgency to finalising work

on Carbon Market Policy Framework for the nation.

He noted that the absence of this policy has hampered greatly the development of the carbon market and attraction of investments to the sector.

Ewa, who is also the state Commissioner for Special Duties and Intergovernmental

Relations, commended the state Governor, Senator Bassey Edet Otu, for his commitment in ensuring that Cross River State plays the leading role in unlocking the potential of the carbon market through his various initiatives, which include the setting up of the state Green Economic

Commission.

The commissioner made this call in his keynote address at the Hybrid Stakeholders’ Town Hall Meeting on Mangrove Restoration, Conservation and Protection, with the theme: ‘Applying Nature-based Climate Solutions’, held in Calabar, the state capital.

Saraki said that the gesture would give them social inclusion and ensure that they have equal opportunities to succeed in life.

Saraki, a former Governor of Kwara State made this declaration in Ilorin yesterday during the distribution of

educational supports to over 200 orphans and vulnerable children under the ABS Educational Support Foundation.

Among the supports offered by the foundation included the payment of tuition fees, school bags, writing materials and books.

Represented at the event by the Project Director of ABS Foundation, Mr. Musa Aliyu, Saraki stated: “The move is to assist the orphans to have access to quality education and provides social inclusion so as to assist them have equal opportunity to succeed in life.”

Saraki Vows to Advance the Course of Orphans, Less Privileged Hammed Shittu in Ilorin

Senate President, Dabiri-Erewa Urges OAU Alumni ADr.former Abubakar Bukola Saraki vowed that, he would to Give Back to the Institution yesterday continue to advance the course Yinka Olatunbosun

the suspects, all male, gave their names as Umar Ibrahim, 35 years, Nura Abubakar, 20 years and Mohammed Sule 20

Abandoned Aba Mall to be Transformed into N50bn Manufacturing Hub

and dispel rumours about We Stand by Ribadu, Arewa tension the Federal University, Lokoja law the Vice Chancellor Youths Tell El-Rufai, Naja’atu programme, of the school, Professor Olayemi The Arewa Coalition for Justice and Good Governance (ACJGG) has strongly defended the appointment of Mallam Nuhu Ribadu as Nigeria’s National Security Adviser (NSA), commending President Bola Tinubu’s decision and dismissing criticisms from former Kaduna State Governor, Nasir el-Rufai, and political activist Naja’atu Muhammad.

Speaking at a press briefing in Abuja yesterday, the coalition’s convener, Dr. Mohammed Jabir Adamu, described Ribadu’s appointment as a “perfect alignment of preparation

two pair of Nigerian Forest Security Services uniform among others items.

Babawale said three among

of orphans and less privileged people in the society through qualitative education.

Polaris Bank Strengthens Partnership on Fight against Cancer Polaris Bank, a leading retail digital bank and its longstanding non-government organisation (NGO) partner on reducing the mortality rate of breast cancer in Nigeria through awareness, screening,

counselling, referral, education, enlightenment and advocacy, Care. Organisation. Public Enlightenment (C.O.P.E), have joined the global community in commemorating the World Cancer Day, restating their

unwavering commitment and dedication to the fight against cancer in Nigeria.

Polaris Bank and C.O. P.E also used the occasion to celebrate their over 15 years of strategic partnership

in the fight against breast cancer, spanning the days of the legacy institutions preceding Polaris Bank, which has culminated in significant milestones, tangible interventions and outcomes.

FRIday february 7, 2025 • T H I S D AY

38

NEWSxtra

SAFE STEP ROAD SAFETY AFRICA…

L-R: Chairman, Nigerian Red Cross, Lagos State Branch, Dr. Victoria Kolawole; President, Nigerian Red Cross, Prince Oluyemisi Adeaja; Chief Strategy and Transformation Officer, Prudential Zenith Life Insurance, Cherise Ige; Director, Transportation Operations, Lagos State Ministry of Transportation, Olasunkanmi Ojowuro; Executive Director/ Chief Financial Officer, Prudential Zenith Life Insurance, Afolabi Lawal, and Superintendent Route Commander, (Lagos Island) Federal Road Safety Commission, Olawuyi Olusola, at the inauguration of the Safe Step Road Safety Africa in Lagos...yesterday ETOP UKUTT

Ebonyi NUT Begins Indefinite Strike in Seven LGAs Benjamin NworieinAbakaliki

The Nigerian Union of Teachers(NUT) in Ebonyi State yesterday began indefinite strike in seven local government areas in the state over nonpayment of salaries for over three months.

In a statement signed by the Secretary of the union, Bassey Asuquo, the seven affected local government areas are Ebonyi, Edda, Ezza South, Ezza North,

Ivo, Ishielu and Ohaukwu.

Asuquo noted that the strike became necessary following the nonpayment of at least three months salaries to some teachers in the affected local government areas.

The statement read: “Sequel to our earlier notice on mobilization for industrial strike, we have thoroughly reviewed the compliance of local government chairmen regarding the clearance of our members’ salaries.

“As of the close of work today, February 5, 2025, we acknowledge that certain local government areas have cleared the salaries of our

members.

“However, we regret to inform you that several local government chairmen have failed to clear

the backlog of our members’ outstanding salaries.

“In response to this noncompliance, we hereby declare

indefinite strike in the following local government areas: Edda, Ebonyi, Ezza South, Ezza North, Ishielu, Ivo and Ohaukwu.

Police Arrest Four NSCDC Personnel for Death of Bolt Driver in Edo

Adibe Emenyonu inBeninCity

The Edo State Police command has reportedly arrested four operatives of the Nigeria Security and Civil Defence Corps (NSCDC) attached to a popular hotel in Benin City, capital of Edo State for allegedly beating and inflicting injury on a

bolt driver, Mr. Henry Osarodion Osemwenkhia which eventually led to his death.

The Public Relations Officer of the command, SP Moses Yamu, disclosed this while speaking on the circumstances that led to the death of the bolt driver.

He said that Mr. Osemwenkhia,

on the 4th of February, 2025, reported a case of assault on his person by men of the NSCDC after dropping off his passenger. Yamu added that upon Osemwenkhia’s account, he was given a recommendation to go for a medical check-up but surprisingly on the next day, he was said to have died.

“The command is aware of the incident allegedly caused by the NSCDC officers. One Henry Osarodion Osemwenkhia who is now deceased reported on the 4th of February at the New Etete police station that he took some passengers to De Castle Hotel along Limit road Benin and in the process.”

Rivers State Governor, Siminalayi Fubara, has donated N50million to the Cathedral Church of St Luke, Anglican Communion in Nembe City, Nembe Local Government Area of Bayelsa State, in memory of the mother of his aide, late Mama Ayebadieye Edward Igbeta.

the mother of Dr Ayebaesin Jacob Beredugo, the Principal Secretary to Governor Fubara.

Speaking during a funeral service in honour of the septuagenarian, at St Luke Anglican Church, in Bayelsa , Governor Fubara extolled her sterling motherly virtues and

from those valuable lessons she had taught them.

The Rivers State governor, who described Dr Beredugo as a brother, trusted ally and key stakeholder of his administration, urged him to be consoled in God and bear the loss with fortitude.

The Rivers State governor said:

show that in this difficult time, we stand with him. We know that there is no consolation here that can fill the gap of this loss, more especially the loss of a mother.

“But, we want to draw his mind to the good Book: that it is the Lord that giveth, and it is also the Lord that taketh.”

Met Gala: Vogue Announces Chimamanda Adichie, LeBron Donates N50m to Church in Memory of Aide’s Mother James, Usher, Other Stars as Hosts Fubara Late Mama Igbeta (79 years) is urged the children not to deviate “We are here as a government to Blessing IbungeinPortHarcourt

Sunday Okobi

In a move that has strengthened her status as a global fashion and cultural icon, the multiple award-winning Nigerian author, Chimamanda Ngozi Adichie, has

CHANGE OF NAME I, formerly known and addressed as Miss Waheed Bukola Kudeerat, now wish to be known and addressed as Mrs Agbato Bukola Kudeerat.

All former documents remain valid. The general public should take note.

I, formerly known and addressed as OBILOR IFEOMA ESTHER, now wish to be known and addressed as CHIMEZIE-IBE IFEOMA ESTHER. All former documents remain valid. The general public should take note.

I, formerly known and addressed as SAMUEL HELEN, now wish to be known and addressed as SAMUEL HELLEN KALU. All former documents remain valid. The general public should take note.

I formerly known and addressed as Dukes Uche now wishes to be known and addressed as Dukes Uche Dukor. All former documents remain valid. All former documents remain valid.

The general public should take note.

I, formerly known and addressed as Adepeju Zainab, now wish to be known and addressed as Ishola Zainab Adepeju. All former documents remain valid. The general public should take note.

This is certify that I, Ferdinand Helen Obodozie and Obodozie Helen refers to one and the same person. Now wish to be known and addressed as Obodozie Helen. All former documents remain valid. General public take note.

been named to the prestigious host committee for the 2025 Met Gala, joining a distinguished group of global icons from various industries.

The Met Gala, widely regarded as fashion’s biggest night, is an annual fundraising event for the Costume Institute of the Metropolitan Museum of Art in New York, United States of America.

This year’s edition scheduled for May 5, 2025, will have the theme: ‘Superfine: Tailoring Black Style-a celebration of Black dandyism and its impact on identity and fashion’.

Adichie, known for her bold fashion statements and advocacy for African designers, will serve alongside a distinguished list of host committee members, including Olympic gymnastics champion, Simone Biles; rapper, André 3000, American comedian and television writer, Ayo Edebiri; contemporary American painter, Jordan Casteel; Iconic filmmaker and his producer wife, Spike Lee and Tonya Lewis Lee; R&B superstar, Usher Raymond, and several other prominent figures in entertainment, sports, and arts.

According to organisers, the event’s co-Chairs include Academy Award-nominated actor, Colman Domingo; Formula One champion, Lewis Hamilton; music mogul, Pharrell Williams, and rapper, A$AP Rocky. “Vogue’s longtime editor-in-chief, Anna Wintour, remains a driving force behind the event, with NBA superstar, LeBron James, serving as an honorary chair,” the organisers disclosed.

This year’s Met Gala theme draws inspiration from Slaves to Fashion, a book written by Monica L. Miller that examines the cultural and political significance of Black dandyism. The corresponding exhibition at the Met curated

by Andrew Bolton and Miller, will run from May 10 to October 26, 2025, showcasing fashion, photography, and historical artefacts that highlight Black style and influence.

Adeleke Engages 10,000 for Imole Youth Corps Yinka Kolawole in Osogbo

In a massive push for youth employment and engagement, Osun State Governor, Ademola Adeleke, has inaugurated and inducted 10, 000 youths into the Imole Youth Corps.

Speaking yesterday in Osogbo at a grand ceremony held at the

Freedom Park, the state governor said the occasion is “a major highlight of his administration’s push to address youth joblessness alongside other indirect steps to engage the youths across the sectors.”

Addressing the members of the Imole youth corps clad in their uniforms, the governor

described the programme as “a transitional arrangement designed to provide opportunities for our youths” from all walks of life.

According to him “Today’s gathering is a continuation of our efforts to provide job opportunities for our teaming youth. Ten thousand youth spread across the 332 political

wards are engaged to provide services in the area of health, security, environment and education,” the governor noted, assuring them that “the newly enrolled Imole Youth Corps members are to be trained to deliver support services in the grass-roots economy and sectors.”

Black out in Kwara ofasIlorinIBEDC Workers Embark on Protest over Poor Welfare and other parts of the state. locked out and thereby disallowing tools etc.

HammedShittuinIlorin

Workers of the Ibadan Electricity Distribution Company (IBEDC) in Kwara State yesterday staged a protest over alleged poor welfare by the management of the company.

THISDAY checks revealed that the development might have led to the present blackout in some parts

It was gathered that the workers were said to have removed vital parts from the transmission lines in Ilorin which hitherto has led to non-supply of power in the state.

THISDAY further learnt that some of the customers who visited the business offices of the IBEDC at Challenge and Baboko Ilorin were

them from buying credits for their prepaid meters.

Some placards placed on the gates of the company read : IBEDC should prioritise Staff Welfare, IBEDC, No more half salary, IBEDC, pay our PFA, Union and Cooperative deductions now, Do you expect 100% performance without materials and

Speaking with our correspondent, the Secretary of the state branch of National Union of Electricity Employees (NUEE), Comrade Ayodele Peters, who confirmed the strike, said that the workers were being treated as slaves as they were being paid half salary by the management.

NSE Urges Engineers to Lead Digital Transformation for Career Growth, National Devt

Funmi Ogundare

The Nigerian Society of Engineers (NSE) yesterday stressed the need for engineers to remain at the forefront of digital transformation, as the move will enable them enhance their careers and contribute to

national development.

The President and Chairman of the Council of NSE, Margaret Oguntala, made this call at the opening ceremony of the continuing professional development training for the second cohort of engineers in Lagos.

The training is focusing on digital transformation in engineering practices covering Building Information Modelling (BIM), Artificial Intelligence, Internet of Things( IoT), Data Analytics and Cyber security which will be facilitated by Citadel for Technological and

Engineering Development Limited (CITED).

Oguntala explained that the initiative is part of the Society’s long-standing mission to cater to the professional growth and welfare of its members, a core objective since its founding in 1958.

‘We’re Committed to Preserving Rights of Women, Children, Administering Justice in Edo’

Adibe Emenyonu in Benin-city

The Edo State Deputy Governor, Mr. Dennis Idahosa, yesterday reaffirmed the state Governor, Monday Okpebholo-led administration’s commitment to ensuring that the rights and

dignity of women and children in the state are protected.

Idahosa, who stated this in a statement endorsed by his Chief Press Secretary, Friday Aghedo, noted that securing justice for all Edo residents who are underprivileged and abused

is a sure bet.

Idahosa was quoted to have given the affirmation when he played host to members of the International Federation of Female Lawyers (FIDA), Edo State branch, led by the Chairperson, Princess Francisca Elema, who

were on a courtesy visit to his office in the Government House.

According to the deputy governor, the contributions of women and children in driving change and bringing development to any society could not be overemphasised.

39

THISDAY • FRIDAY, FEBRUARY 7, 2025

FRIDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Chukwueze’s Failed Fulham Move Excites Maldini’s Successor at Milan

Femi Solaja with agency report

Paolo Maldini’s successor at AC Milan, Geoffrey Moncada, has said that the Rossoneri are delighted that Super Eagles winger, Samuel Chukwueze, didn’t make a deadlineday transfer to Fulham.

Chukwueze joined the seven-time UEFA Champions League winners in the summer of 2023 from Villarreal

TRANSFER NEWS

but has struggled to nail down a starting berth at the San Siro.

Milan tried to shake things up during the winter transfer window as they look to push towards winning a trophy when the season ends in May. Alex Iwobi’s Fulham tried to sign the Nigerian during the transfer

deadline, offering up to 30 million euros, but the deal fell through due to time constraints.

While the Cottagers wanted a loan with the option to buy, Milan wanted to offload the Nigerian completely. Nonetheless, the club’s technical director was delighted the

25-year-old gets to stay.

“We needed to act on the transfer market, as we changed some players, changed some of the characteristics and the structure of the side to give the coach more options. There are high expectations, so by starting to win tonight in the Coppa Italia, then there’s the Champions League and Serie A, we need to step up a level,” Moncada said about Milan’s

transfer activity in the just-concluded winter transfer window as revealed

by Football Italia.

Milan signed Kyle Walker, Santiago Gimenez, and Joao Felix during the winter transfer window, while they let go of Noah Okafor and Alvaro Morata.

The pair joined Napoli and Galatasaray respectively.

Moncada also revealed there’s

....Okafor: Why I Opted for Osimhen’s No. 9 Napoli Shirt New signing Noah Okafor has given reasons why he chose to wear the Napoli No 9 shirt last won by Victor Osimhen.

Centre-forward Okafor has joined Napoli from AC Milan and according to II Mattino, he is very much aware of the top stars like Osimhen and Gonzalo Higuain who have made the No

a chance the Portuguese could stay permanently beyond his loan spell, whilst maintaining delight at Chukwueze’s position.

“It depends on us and him (Felix), there is always a possibility. We have a very good rapport with Chelsea, so we’ll see in the summer. No, he (Chukwueze) is staying with us and represents another option on the right. We’re happy he gets to stay,” Milan’s technical director concluded.

Samuel Chukwueze remained on the bench in Milan’s 3-1 win over AS Roma on Wednesday night in the Coppa Italia. Rossoneri are now in the semi-final of the Italian Cup.

9 shirt famous and because he is also at the Italian club for serious business.

Romelu Lukaku is first-choice striker at the Naples club with Simeone his cover, but Switzerland international Okafor, who could also play as a left winger, has said he did not join the Italian club to just make up the numbers.

Team Nigeria Set for 2025 All-African Senior Badminton Championship The Nigerian contingent to the 2025 All-African Senior Badminton Championship in Douala, Cameroon, is expected to depart the country this weekend.

The badminton team, comprising 10 players (five men and five women), will compete in Men’s Singles, Women’s Singles, Men’s Doubles, Women’s Doubles, and Mixed Doubles categories.

Among them is Anuoluwapo Opeyori, Nigeria’s number one player, who is determined to defend his singles title after his gold-winning performance last year.

Opeyori is eyeing back-to-back victories, aiming to retain his African singles title and lead Nigeria to another strong performance at the championships.

At the previous edition in Cairo, Egypt, Team Nigeria secured one gold, two silver, and four bronze medals.

With the 2025 edition set to run from February 10–16, expectations are high for another remarkable showing from the country’s top shuttlers.

Speaking when he paid a visit to the team’s camp in Abuja on Wednesday, the Director General of the National Sports Commission (NSC), Hon. Bukola Olopade, reaffirmed the Commission’s commitment to supporting Nigerian sports federations, including badminton, as they strive for excellence.

"For us at the NSC, and speaking the mind of our Chairman, Mallam Shehu Dikko, badminton has become a very important sport in the Nigerian sports ecosystem. President Francis Orbih and his leadership team have created a buzz around badminton, and it is evident in what athletes like Aanu (Opeyori) have achieved," Olopade stressed.

The NSC DG while further commending Orbih and the BFN leadership, said his visit was to show the support of the commission for all sports.

“I convey the chairman’s commitment to supporting all sports, and we recognize the growth of Nigerian badminton. It is our responsibility to encourage these athletes to keep excelling for the country. They are the defending champions, and my visit is to show our love, our support, and to ensure they are well taken care of. The confidence is there—it’s all up to them to deliver," Olopade stated.

While responding, the BFN President, Francis Orbih expressed confidence in the team, highlighting their readiness for the championships.

"I’m confident they will perform very well. We have a lot of potential, and the Director General’s visit will further boost their morale. We appreciate the support," Orbih concluded.

Noah Okafor...to wear Victor Osimhen’s No.9 jersey at Napoli

Neymar Makes Santos Return after 12 Years Brazil striker Neymar said the feeling of playing for Santos again after 12 years away from the club was indescribable.

The 33-year-old returned to the Brazilian club on 31 Januaryfrom

Saudi Arabian club Al-Hilal, 12 years after he left to join Barcelona in 2013.

Taking to the field at half-time when Santos held a 1-0 lead, Neymar impressed in the second

half in his return from injury as Botafogo fought back to earn a 1-1 draw at the Estadio Vila Belmiro.

"I love Santos," said Neymar.

"I have no words to describe

NSSF, LASUBEB Stage National School Board Games In a bid to unearth talents from the grassroots and encourage mass participation in school sports, the Nigeria School Sport Federation (NSSF) and Lagos State Universal Basic Education Board (LASUBEB) are organising the National School Board Games.

Chess will be the pilot event, taking place from Monday, February 10 to Tuesday, 11 in Lagos.

The LASUBEB Hall in Maryland, Lagos, will host the two-day tournament, featuring primary and secondary students competing in individual rapid and blitz chess tournaments.

In a statement issued by the Secretary General of NSSF, Oba Funsho Usman, he said, “This initiative aims to foster intellectual development, critical thinking, strategic skills, and sportsmanship among school children while promoting healthy competition and camaraderie. We

encourage your state to select and prepare your best representatives to compete in this pivotal event.”

The events will feature categories for U-9, U-12, U-15, and U-18, with outstanding students expected to represent Nigeria at international tournaments later in the year.

NSSF President, Olabisi Joseph, highlighted that the partnership with LASUBEB is aimed at identifying talents and encouraging mass participation in school sports across the country.

“We are excited to collaborate with LASUBEB in organising this year's National School Board Games. The competition provides an excellent platform for pupils to showcase their talents, develop essential life skills, and represent their states in future sporting events. We hope to unearth talents that will represent the country in international tournaments.

“Chess is a sport that can help

students intellectually, and organizing such games is a continuation of classroom learning while also fostering friendships among students,” she added.

Executive Chairman of LASUBEB, Dr. Hakeem Shittu, expressed enthusiasm for the partnership, emphasising that sports play a crucial role in the holistic development of pupils.

He added that the Board has been committed to promoting sports alongside academics in public primary schools.

“We recognise that fostering a balance between intellectual and physical growth is essential for shaping well-rounded individuals.

This collaboration with the National School Sport Federation will further strengthen our efforts in providing opportunities for our pupils to excel not just academically but also in sports,” Dr. Shittu said.

Neymar...back to his Brazilian roots at Santos

what I felt tonight when I stepped again on this pitch.

"I need minutes, games. I'm not at 100%. I didn't expect to run and dribble so much tonight. I think I'll feel better in four or five games."

A number of Botafogo players and members of the club's backroom staff sought out Neymar on the pitch after the final whistle to request photos with the former Brazil captain.

Neymar won six trophies during his first stint with Santos, including the 2011 Copa Libertadores.

He left the club having scored 136 goals in 225 appearances by the age of 21.

During his time away, Neymar became the most expensive player of all time when he left Barcelona to join Paris St-Germain in a £200m deal in 2017.

But a move to Saudi Arabia in 2022 turned sour when Neymar tore his anterior cruciate ligament, which limited him to just seven appearances for Al-Hilal.

Santos, the former club of Brazil legend Pele, were relegated from the top division for the first time in their 111-year history in 2023.

They earned promotion back to the top flight at the first time of asking last season by winning Serie B.

TR

Friday, February 7, 2025

UT H

& RE A S O

N

Price: N400

MISSILE ICPC Boss to Nigerians

“We cannot continue like this. All of us should join hands to tackle corruption in this country.

Fighting corruption is not easy because when you fight corruption, corruption fights back. Those involved in corruption are united in their evil. They try to lie against us in order to discredit what we are doing. If we don’t tackle corruption, our children will have no future. If we don’t fight corruption, those involved will wreck the economy, and we will all suffer for it” --ICPC Chairman, Musa Aliyu, tasks Nigerians, says corruption remains major issue in the country.

MAGNUSONYIBE President Trump’s Transformation of the Democratic System P GUEST COLUMNIST

resident Donald J. Trump is actively reshaping the global political landscape, navigating the tension between globalization and fragmentation to establish a new order in the United States and, by extension, the world.

Before delving further into this discussion, I must disclose that I am an unapologetic supporter of the 47th President of the United States, Donald J. Trump. My support stems from my belief that he is undeniably a catalyst for change.

Many, including Democratic presidential candidates in the 2024 elections,ex president Joe Biden and former Vice President Kamala Harris, have accused Trump of seeking to dismantle democracy. However, a more accurate assessment is that he is challenging the status quo in Washington through radical policy shifts. While Democrats frame his actions as a threat to democracy, I see this as a misleading narrative,because changing the dynamics of democracy does not equate killing it.

Despite the alarm raised by his opponents, American voters prioritized economic concerns—rising inflation, the high cost of living, soaring housing prices, and the influx of undocumented immigrants—over the warnings about imminent death of democracy. It was these pressing issues that motivated voters to support Trump’s return to the White House.

The more than 77 million Americans who voted for him did so because they believe he was on a mission to address what they see as a “woke” and financially struggling America. According to the Oxford Dictionary, “woke” refers to those who are socially aware but is often used pejoratively to describe individuals perceived as self-righteous or overly dogmatic in their advocacy.

True to his promises, Trump wasted no time in implementing his agenda. During his inauguration, he took a strong stance against “woke” ideology by affirming that the U.S. Constitution recognizes only two genders—male and female—a direct challenge to the LGBTQ+ community. He has since followed through on his pledges by signing a series of executive orders aimed at radically reshaping America.

So, from my perspective, Trump is simply fulfilling the commitments he made during his campaign.

The backlash from those negatively affected by his policies is therefore unsurprising, yet it should not overshadow the fact that he is delivering the change that millions of Americans willingly voted for, believing it will restore the country’s greatness.

As someone who embraces change, I am excited to see a leader who challenges the status quo in public leadership finally take charge. That leader is Donald J. Trump, who has now assumed office in the White House, the seat of U.S. political power.

Given President Tinubu’s huge appettite for change which has wrought on Nigeria in the past 2O months,he may be said to be cut from the same cloth with Trump, literally speaking.

Mr. Trump as the leader of the free world- U.S, exerts enormous influence on global affairs, reinforcing the popular saying: when America sneezes, the rest of the world catches a cold. This is evident in Trump’s decision to impose tariffs on key trading partners—25% on Mexico, 25% on general goods plus 10% on Canadian oil, and 10% on China—primarily to curb illegal immigration and combat the flow of fentanyl, a deadly drug ravaging American communities.

Before Trump even took office, his threats of tariff hikes caused global concern. However, World Trade Organization (WTO) Director-General Dr. Ngozi Okonjo-Iweala, speaking at the World Economic Forum (WEF) in Davos, urged caution: “I am concerned, but my approach is to stay calm. Let’s wait to see what policies are actually enacted before overreacting.”

Despite this advice, some countries affected by the new tariffs —especially Mexico and Canada—have already announced retaliatory tariffs, raising fears of an all-out trade war. Meanwhile, China has opted

US President, Donald Trump for a legal approach, filing complaints against the U.S. through the WTO. As the head of the WTO, Dr. Okonjo-Iweala will play a crucial role in resolving this looming global trade conflict. Given her extensive experience—including her tenure at the World Bank and her ongoing second term as WTO chief—there is hope that she can help de-escalate tensions.

Anticipating the economic impact of the trade war, President Trump has urged Americans to brace for temporary hardships, acknowledging that tariffs might contribute to inflation. However, he remains confident that the outcome will ultimately benefit the country, declaring: “This will be the golden age of America. Will there be some pain? Yes. But we will make America great again, and it will be worth the price.”

This sentiment is reminiscent of Nigerian President Bola Tinubu’s remarks when he removed the longstanding fuel subsidy and floated the naira, leading to economic hardship for Nigerians. He reassured the nation, saying: “I understand that our people are suffering, but there can be no childbirth without pain. The joy of childbirth is the baby. Relief comes after the pain. Nigeria is being reborn.”

Remarkably,Trump’s policies signal a fundamental shift away from globalization—a concept introduced between 1870 and 1914 and later popularized in 1983 by economist Theodore Levitt in his essay titled “The Globalization of Markets.” The current global order, shaped by decades of economic integration, now faces disruption under Trump’s America First doctrine, which prioritizes national interests over international cooperation.

Interestingly, Trump’s long-held stance on tariffs is not new. In a resurfaced 1978 interview with Oprah Winfrey, he expressed similar views, making it clear that his current trade policies have been decades in the making.

While trade wars typically harm weaker economies (when elephants fight, the grass suffers), Africa might stand to benefit from this geopolitical shift. As tensions escalate among major trading partners—U.S., Canada, Mexico, and China—Africa, historically seen as merely a source of raw materials, could emerge as an alternative manufacturing hub.

For instance, Nigeria’s oil exports to the U.S. declined significantly under President Barack Obama, with Canada and Mexico becoming America’s top crude suppliers. However, if the trade war leads to disruptions in North American oil exports, Trump may turn back to Nigeria, currently the 8th largest supplier, to fill the gap.

So, rather than viewing Trump’s policies as purely negative, it may be worth considering the potential

opportunities they create for Africa. As a matter of fact , instead of getting caught up in narratives of doom and gloom, could this be a moment for the continent to reposition itself as a key player in the evolving global trade landscape?

I would argue that it is time for the world to recognize that Africa is not a problem to be solved but a vital part of the global solution. Thats owed to the fact that the continent holds vast reserves of critical minerals essential for the energy transition that the world desperately seeks. Rather than being viewed merely as a supplier of raw materials, Africa should be seen as a prime destination for investment and industrial partnerships.

There is a well-known economic principle that a rising tide lifts all boats and yachts. In that spirit, industrialized nations like the U.S. and China must acknowledge that Africa—home to 54 countries and a population of approximately 1.5 billion, larger than China’s 1.3 billion and rivaling India’s 1.4 billion—is not a charity case but an investment opportunity.

As a long-time advocate for Africa’s economic resurgence, I have consistently argued that the continent needs trade, not aid. So, it is imperative that major global economies shift their perception of Africa from a passive recipient of aid to an active economic partner. Historically, Africa has been exploited—most notably through the partitioning of the continent at the 1884–1885 Berlin Conference, where European powers divided African territories for their own benefit. As a result, Africa has remained marginalized in global trade, accounting for less than 3% of total global trade, despite having 18% of the world’s population.

To secure a greater share of global trade, Africa must be integrated into the evolving international economic order. Without disruptions to the existing system—such as those triggered by President Trump’s policies—meaningful change is unlikely.

Given the resistance Africa has faced in its bid to gain a permanent seat on the UN Security Council, a fundamental shift in global power structures, like the one Trump is advocating, may be necessary for Africa to be taken seriously as a key player in international trade.

At this moment in history, the world may actually benefit from the tensions between defenders of the entrenched old order and leaders like Trump, who are determined to shake up the system. Since assuming office on January 20, 2025, Trump has been implementing the bold changes he promised during his campaign. In my assessment, the mandate given to him by American voters provides a unique opportunity to push for a rebalancing of global trade and governance.

Throughout history, transformative change has always required bold action. If astronauts had not pushed boundaries, Neil Armstrong would never have walked on the moon in 1969, a breakthrough that reshaped human understanding of the universe.

Similarly, astronomer Galileo’s discoveries challenged the belief that the Earth was flat, while it is actually cylindrical paving the way for modern scientific thought.

It is this same drive for progress that appears to be fueling Trump’s disruptive approach to governance.

Keyu Jin, a professor of economics and author of The New China Playbook, recently highlighted a growing shift in global trade patterns, noting that China and other nations have been diversifying their markets away from the U.S. even before the current tariff wars. Therefore,Trump’s policies are merely accelerating this trend. In Europe, for instance, we are seeing a rise in nationalist-leaning leaders, particularly in France and Germany, who are also prioritizing domestic interests over globalism.

This geopolitical realignment is further evident in the expansion of BRICS—a coalition of Brazil, Russia, India, China, and South Africa—which has recently welcomed new members like Saudi Arabia,

Iran, and Egypt. As more countries join BRICS in an effort to counterbalance U.S. influence, and attempts to reduce dependence on the U.S. dollar in global trade may intensify. The general belief is that if America continues using tariffs as a tool to pressure its trading partners, it risks pushing them further toward alternative alliances, potentially diminishing its own economic influence. But would that really be the case?

For Africa, this shifting landscape presents an opportunity. If trade flows are redirected away from the U.S., Africa could gain a larger share of global commerce—but only if the continent positions itself strategically. With the establishment of the African Continental Free Trade Area (AfCFTA), headquartered in Ghana, Africa is already laying the groundwork to take advantage of this new world order.

While Trump’s critics have valid concerns about the potential risks of his sweeping policy changes— particularly the hardship caused by the deportation of undocumented immigrants and disruptions in U.S. aid to Africa( which was later restored) it is also worth considering the potential long-term benefits of a restructured global economy.

The changes unfolding in global trade could open up unprecedented opportunities for Africa. If the continent plays its cards right, it could emerge as a major beneficiary of the ongoing shake-up. So, instead of viewing Trump’s policies solely through the lens of crisis, perhaps it is time to explore how Africa can leverage this moment to secure a more equitable role in the global economy.

A US based Nigerian Professor Ndubuisi Ekekwe describes Trump’s leadership as a “tsunami-earthquakestorm” approach, highlighting the unprecedented nature of shutting down USAID. According to him, this move signals a clear message to the world—that America has no obligation to fund or influence other nations through soft power. However, he suggests that this could actually be a positive development if African leaders step up and take responsibility.

He further explains how foreign aid often distorts markets and hinders sustainable development. For instance, an entrepreneur might develop a viable product in healthcare, education, or agriculture, only for an aid agency to introduce a similar product for free. This forces local businesses to shut down, and once the aid funds disappear after a few years, communities are left worse off, having lost both the external support and the local solutions that were once in place.

Rather than panicking over these funding cuts, Professor Ekekwe urges African governments to seize the opportunity by creating systems to identify and assist citizens in need. He argues that without external interference, local businesses can step in to fill market gaps, and governments can provide targeted support to those who truly require it. He points out that Africa has a long history of self-reliance and should return to indigenous solutions rather than depending on unpredictable foreign aid.

This perspective aligns with the arguments earlier made by economist Dr. Dambisa Moyo in her ground breaking book “Dead Aid”, where she contends that Western aid has done more harm than good in Africa.

Considering Trump’s repeated assertion that his second term marks a “golden age” for America, it is possibly a golden age for Africa too as the continent could benefit—if it strategically positions itself to take advantage of the shifting global order being shaped by Trump’s policies.

•Magnus Onyibe, a public policy analyst, author, democracy advocate, development strategist, alumnus of the Fletcher School of Law and Diplomacy, Tufts University, Massachusetts, USA, and a former commissioner in the Delta State government, (2003-2007) sent this piece from Lagos, Nigeria.

To continue with this conversation and more, please visit www.magnum.ng.

Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: 35 Creek Road, Apapa, Lagos. Abuja: Plot 1, Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja .

All Correspondence to POBox 54749, Ikoyi, Lagos. EMAIL: editor@thisdaylive.com, info@thisdaylive.com. TELEPHONE Lagos: 0802 2924721-2, 08022924485. Abuja: Tel: 08155555292, 08155555929 24/7 ADVERTISING HOT LINES: 0811 181 3085 0811 181 3086, 0811 181 3087, 0811 181 3088, 0811 181 3089, 0811 181 3090. ENQUIRIES & BOOKING: adsbooking@thisdaylive.com (ISSN 1117-871X)