FRIDAY 10TH SEPTEMBER 2021

CBN Moves to Pump More Dollars through Banks to Boost FX Supply Insists black market is for illicit transactions Commences multi-faceted approach to tackling dollarisation of economy Excited about e-Naira James Emejo in Abuja and Nume Ekeghe in Lagos The Central Bank of Nigeria (CBN) will, beginning from

today, raise significantly the volume of its dollar supply to authorised banks to boost foreign exchange supply in the system, reiterating that

only those involved in illicit transactions patronised black market operators and paid outrageous rates.

Senior central bank officials,

who spoke with THISDAY, yesterday, explained that the growing illiquidity in the black market, where the US dollar traded N535 would continue

as the apex bank sought to drive Nigerians to official sources, where the rate was about N411 to the dollar.

The officials insisted that

the black market rate could not be a reference rate as it implemented a multi-pronged Continued on page 8

UBA's Half-year Profit Grows By 33% to N76.2 Billion... Page 5 Friday 10 September, 2021 Vol 26. No 9650. Price: N250

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Lagos Assembly Passes VAT, Open Grazing Prohibition Bills Adamawa, Kogi mull value added tax laws Port Harcourt ruling path to true federalism, says Afenifere

Segun James and Kemi Olaitan in Ibadan

Lagos State House of Assembly has passed the state's Value

Added Tax (VAT) bill into law.

The Assembly also passed the bill banning open grazing of cattle in the state.

If Governor Babajide Sanwo-

Olu signs the passed VAT bill into law, as required by the Nigerian constitution, Lagos would become the second state, after Rivers, to have a

VAT law that empowers it to collect the tax.

THISDAY learnt yesterday that Adamawa and Kogi states were in the process

of drafting bills to authorise them to also start collecting the consumption tax.

There is presently an ongoing legal battle between

the Federal Inland Revenue Service (FIRS) and Rivers State on the matter. This follows Continued on page 8

Buhari in Imo, Says It’s Unthinkable that Any Igbo Man Would Want to Exit Nigeria Wants to be remembered for stabilising nation’s security, economy Reiterates commitment to completing Second Niger Bridge, other projects Promises credible elections in 2023 Ohaneze demands equity, justice, fairness for all citizens, says Ndigbo are most federating people in Nigeria Deji Elumoye in Abuja and Amby Uneze in Owerri In his first working visit to Imo State since winning a second term, President Muhammadu Buhari yesterday said it was absurd to him that any Igbo man would be considering exiting Nigeria as the region dominates the economy of the country.

The president also assured that at the end of his eightyear tenure in May 2023, most economic and security challenges faced by the country would have been addressed.

The president made the assertions in Owerri at a town hall meeting with South-east leaders, which was the first time Imo would host a president on working visit since 2009.

“It is unthinkable for me that Continued on page 8

IDENTIFYING WITH NDIGBO...

L-R: Ebonyi State Governor, David Umahi; President Muhammadu Buhari; Imo State Governor, Hope Uzodinma; President General, Ohaneze Ndigbo, Prof. George Obiozor; Obi of Onitsha, HRM Igwe Nnaemeka Achebe and Secretary-General Ohaneze Ndigbo, Amb. Okey Emuchay, during his meeting with South-East leaders in Imo State...yesterday

Citing CJN’s Warning, Court Rejects Secondus’ New Suit... Page 5

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NEWS

Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 08033506821, 08097777322

UBA's Half-year Profit Grows By 33% to N76.2 Billion Declares 20k per share interim dividend

Darasimi Adebisi Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators.

The pan African financial institution delivered a 33.4 per cent appreciation in its profit before tax which rose to N76.2 billion as at June 2021, up from the N57.1 billion recorded in the same period of 2020. This translated to an annualised Return on Average Equity (RoAE) of 17.5 per cent as against 14.4 per cent a year earlier. This feat was recorded despite the challenging business and economic environment that emerged from the slow pace of activities following the global lockdown occasioned by the Covid-19 pandemic.

The results submitted to the Nigerian Exchange Limited, showed that the group’s profit after tax stood at N60.6 billion, representing a significant rise by 36.3 per cent, compared with the N44.4 billion recorded in the half year of 2020.

Similarly, gross earnings grew to N316 billion, which was a five per cent increase, from the N300.6 billion recorded as at June 2020.

According to the results, at June 30, 2021, the group’s total assets crossed the N8 trillion mark as it increased to N8.3 trillion, up from N7.7 trillion at the end of the 2020 financial year. Its customer deposit also crossed the N6 trillion mark, growing by 7.4 per cent to N6.1 trillion in the period under review, compared with N5.7 trillion as at December 2020.

Furthermore, the group’s Shareholders’ Funds remained robust at N752.5 billion, up from N724.1 billion in December 2020, reflecting its strong capacity for internal capital generation.

In line with the bank’s culture of paying both interim and final cash dividend, the Board of Directors of UBA declared an interim dividend of 20 kobo per share for every ordinary share of 50 kobo each, held by its shareholders.

Commenting on the results, UBA’s Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, expressed delight over the bank’s performance in the first half of the year.

He added: “This has been a strong first half for us, as global economic recovery exceeded expectations, creating a positive rub-off on consumer and corporate confidence, savings and investment activities.

“We saw this positively impact our business, as we continued to leverage our key strategic levers – People, Process and Technology, and our Customer first philosophy, to revolutionise customer experience at UBA.” He added that the bank’s

investment in the Rest of Africa (excluding Nigeria) continues to yield good results for the group.

Uzoka added: “The benefits of pan-African business diversification accruing to the Group is once again evident, with gross earnings and interest income growth of 5.1 per cent and 8.3 per cent respectively, despite the low yield environment in our largest market, Nigeria.

“We are making remarkable progress on our strategy that is progressively positioning UBA as the bank of choice on the continent, driven by our emphasis on tech-led innovation and best customer experience.”

Continuing, the GMD pointed out that the bank recognises the far-reaching effects of the

pandemic on businesses globally, and remains focused on its promise to always provide our customers with the best banking experiences possible.

“Our first half 2021 (H1 2021) performance reflects our progressive efforts in building on the strong momentum that we started the year with. As a purpose-driven organisation, we remain resolute in our drive for sustained growth in customer acquisition, transaction volumes and balance sheet, as we consolidate our ‘Africa’s Global Bank’ market position in the years ahead, uplifting livelihoods across the continent,” Uzoka explained.

UBA’s Group Chief Financial Officer (GCFO), Ugo Nwaghodoh, on his part, noted

that the bank’s goal was to achieve marked improvement in earnings quality whilst maintaining positive operating leverage as well as top-notch asset quality.

“The Group recorded RoAE of 17.5 per cent (from 15.1% in 2020H1) and a Net-InterestMargin of 5.8 per cent (from 5.4% in H12020) as we played the volatile yield environment diligently for best return on our interest earning assets.

“Capital position remained strong, with a capital adequacy and liquidity ratios of 23.9 per cent (22.4% in 2020H1) and 58.3 per cent (58.2% in 2020H1) respectively. This is robust enough to support our growth ambitions,” he said.

The GCFO pointed out that even while the operating environment remains largely uncertain and volatile, despite marked improvement from Covid-19 induced macroeconomic stress, UBA will continue to build resilience through its geographically diversified business model to support headline earnings growth for the Group.

“We remain committed to our 18 per cent and 15 per cent respective RoAE and deposit growth guidance for FY 2021, as we continue to invest in growth opportunities across our geographies of operation, whilst managing capital and balance sheet prudently,” Nwaghodoh stated.

GETTING SET FOR LISTING...

L-R: Chairman, Nigerian Exchange Ltd, Mr. AB Mahmoud; Group Managing Director, Nigerian National Petroleum Corporation, (NNPC), Mele Kyari and CEO, Nigerian Exchange Ltd, Mr Temi Popoola, during a courtesy visit by the Board and Management of The Nigerian Exchange Ltd to the NNPC headquarters in Abuja…recently

Citing CJN’s Warning, Court Rejects Secondus’ New Suit Says application unripe for hearing Embattled chair wants INEC, AGF to stop relating with deputies, others Wale Igbintade Citing a recent warning handed judicial officers by the Chief Justice of Nigeria (CJN), Justice Ibrahim Mohammad, over abuse of court processes, Justice Tijjani Ringim, of the Federal High Court in Lagos, yesterday, refused to entertain a suit by the embattled National Chairman of the Peoples Democratic Party (PDP), Uche Secondus, which sought to restrain the party and its national officers from calling, summoning or presiding over any meeting except the one convened by himself, pending the hearing and determination of the substantive suit.

Secondus, had also prayed the court to restrain them from calling meeting of any committee of the party, any congress of the party, the National Working Committee, the National Executive Committee, the National Convention except the one he called.

But, in ruling on the application, Justice Ringim, declined to entertain the suit on the ground that it was unripe for hearing and that the

defendants were yet to respond to the motion.

Applicants in the suit marked FHC/L/CS/1117/2021, included Honourable Eddy Olafeso, Alhaji Rashidi Olakunle Sunmonu, Honourable Daisi Akintan, Honourable Bunmi Jenyo and Honourable Wahab Owokoniran.

Those joined as respondents were Secondus, Elder Yomi Akinwonmi (PDP Deputy National Chairman, South), Senator Suleiman (PDP Deputy National Chairman, North), Senator Ibrahim Tsauri (National Secretary, PDP), Independent National Electoral Commission (INEC) and the Attorney-General of the Federation (AGF).

At the resumed hearing of the matter, yesterday, counsel to the applicants, Chimezie Victor Ihekweazu (SAN), informed the court that his client's Motion on Notice was for hearing and that all parties in the suit had been put on notice.

But a lawyer, Mr. Chucks Ugo, announced his appearance for the party and Senator Ibrahim Tsauri, the party's national Secretary (first and fifth respondents) while Mr.

Oladayo Ilori, also claimed to be representing all the defendants except Secondus (second defendant) in the suit.

Both Chucks and Oladayo informed the court that they all had the mandate of the respondents to represent them in the suit.

Justice Ringim, after taking arguments on the issue of representation, however, held that the two counsel were in disharmony and could not represent a client.

Consequently, Justice Ringim urged the parties to resolve the issue of legal representation.

He also held that since the applicants' processes were served on the respondents on September 2, 2021, the respondents were still within time to file their responses, adding that the motion was unripe for hearing.

The judge cited the recent directive from the Chief Justice of Nigeria (CJN), Tanko Muhammad, on conflicting orders issued from the courts and urged the applicants to explain to the court if the present suit was not an abuse of court process.

The judge, therefore, directed that the suit would be returned to the admin Judge for reassignment, as there was no urgency in the affidavit filed by the applicants to warrant hearing it during vacation.

The applicants were seeking "an interlocutory order of injunction restraining the first, third, fourth and fifth defendants by themselves, their servants, agents, privies or any member of the defendant whatsoever, other than the 2nd defendant; from calling, summoning or presiding over any meeting of the party whatsoever including the meeting of any committee of the party, any congress of the party, the National Working Committee, the National Executive Committee, the National Convention and all other organs or bodies of the party pending the hearing and determination of the substantive suit.

"An interlocutory order of injunction restraining the first, third, fourth and fifth defendants by themselves, their servants, agents, privies, associates or whosoever from

stopping, disturbing or in any way interfering with the excise or the continues exercise by the 2nd Defendant (Secondus) of the powers, duties and functions of his office as the National Chairman of the Peoples Democratic Party (PDP) or from limiting or usurping his Powers, functions and duties as provided for under the constitution of the Peoples Democratic Party pending the hearing and determination of the substantive suit.

"An interlocutory order directing the second defendant/ Respondent to forthwith resume the exercise of all his Powers, Duties, function and privileges at the National Chairman of the first defendant as guaranteed him under the Constitution of the first defendant as amended in 2017 pending the hearing and determination of the substantive suit.

"An interlocutory order of injunction restraining the first, third, fourth and fifth defendants/respondents by themselves, their servants, agents, privies, associates or whosoever during the tenure

in office of the second defendant, from communicating, sending any correspondence or making any requests or establishing any manner of official contact whatsoever on behalf of the first defendant with the sixth and seventh defendants and all agencies or organs of the Federal Government under the supervision and control of the seventh defendant; other than through the 2nd Defendant or on his direction or authorization pending the hearing and determination of the substantive suit.

"An interlocutory order of injunction restraining ‘the sixth and seventh defendants, and all agencies or organs of the Federal Government under the supervision and control of the seventh defendant, from receiving or maintaining any communication or request whatsoever from any organ or official of the first Defendant or acting on any such request other than from the second defendant or at his direction or authorization pending the hearing and determination of the substantive suit."

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NEWS

A GIFT FROM THE HEARTLAND OF SOUTHEAST...

President Muhammadu Buhari receives a signature gift from Igbo leaders. With him are Ebonyi State Governor, Dave Umahi; Imo State Governor, Hope Uzodimma; former Chief of General Staff, Commodore Ebitu Ukiwe; Businessman/Politician, Chief Emmanuel Iwuanyanwu; Gen. Roland Ogbonna; Archbishop Emmanuel Chukwuma and Gen. Ike Nwachukwu amongst others, at the banquet ball of Government House, Owerri …yesterday

ASUU to Nigerians: Hold Buhari Responsible for Another Academic Crisis Accuses FG of reneging on agreement, warns of imminent strike

Kemi Olaitan in Ibadan The Academic Staff Union of Universities (ASUU), yesterday, asked Nigerians to hold the President Muhammadu Buhari administration responsible should the educational system at the ivory towers be engulfed in another crisis based on the alleged irresponsibility on the part of the federal government.

ASUU, which came down hard on the administration for allegedly breaching the agreement it reached with the union nine months after it conditionally suspended its strike in December 2020, said another strike by members of the union was imminent and a time-bomb,following the refusal of the federal government to honour the Memorandum of Action (MoA) signed with it.

The Coordinator, Ibadan Zone of the union, Prof. Oyebamiji Oyegoke, while addressing journalists, Thursday, alongside Chairpersons of UI (Prof. Ayo Akinwole), UNILORIN (Prof.

Moyosore Ajao), LAUTECH (Dr. Biodun Olaniran) and KWASU (Dr. Shehu Salau), at the Ladoke Akintola University of Technology, Ogbomoso, asked Nigerians to hold the President responsible should the educational system at the ivory towers be engulfed in another crisis based on the irresponsibility on the part of the federal government.

According to him, only salary shortfall and setting up of visitation panels to federal governmentowned universities had been addressed while renegotiation of conditions of service, injection of revitalisation funds, payment of earned academic allowances, implementation of University Transparency and Accountability Solution (UTAS), proliferation of state universities, release of withheld salaries and non remittance of check-off dues of unions, which were all contained in the December 22, 2020 Memorandum of Action have not been addressed.

Oyegoke, while elaborating on each case, said, “The claim by the Minister of Labour and Employment that the money

allocated for Revitalisation of Public Universities had been paid as contained in the MoA of 2020 cannot be true. The same Minister confirmed on 02 August 2021, that the money is still in the custody of Central Bank of Nigeria (CBN), only awaiting application by the Minister of Education for eventual transfer to the NEEDS Assessment Fund Account. That Government is working hard to facilitate the release of money by the CBN since January 2021 leaves a sour taste in the mouth” On IPPIS versus UTAS, the Ibadan Zone ASUU boss explained that withholding salaries for months, non-release of EAA, non-payment of Check-off dues accruing to the union, despite what ASUU has demonstrated could only be an invitation to another possible cycle of industrial crisis.

“Moreover, UTAS avowed suitability has been demonstrated admirably to the Minister of Education and members of his team, the Honourable Senate President of Federal Republic of Nigeria, and other key stakeholders like Ministries of Labour and Employment; Education, Finance, Office of the Accountant-General, representatives of Nigeria Information Technology Development Agency (NITDA).

"The more the government insists on fulfilling the demands of integrity test on UTAS, the longer will be the accompanying pains earlier identified in IPPIS will stay our members,” he said.

ASUU described as blantant, denials by the Minister of Labour and employment, Chris Ngige over the failure of government to meet the August 2, 2021, concerning the implementation of all outstanding issues.

“At a reconciliation meeting between the federal government of Nigeria and the leadership of our Union on Monday 02 August 2021, at the Conference room of the Minister of Labour and Employment, where all the contentious matters affecting the outstanding issues regarding the implementation of the 2020 FGN/ ASUU MoA were discussed, the Minister of Labour and

Employment, Dr Chris Ngige, on behalf of the FGN promised that a broader government team and the inter-ministerial committee on the draft renegotiated 2009 ASUU-FGN agreement would conclude its work and submit

the report to government by the end of August, 2021.

"The meeting concluded with an agreement to reconvene by the end of August 2021 to ascertain the faithfulness of the FGN in resolving the outstanding issues.

We are in the second week of September 2021, nothing positive from the FGN except blatant denials by the Minister of Labour and Employment, Dr Chris Ngige, and the Minister of State for Labour and Employment.”

He maintained that rather than find ways towards the resolution of the crises, the federal government has insisted on inflicting more hardship on ASUU members and by extension on all Nigerians.

More Trouble as States Drag FG to S’Court over Stamp Duties Collection Seeks refund of N176bn

Alex Enumah in Abuja It now appears that more states of the federation have woken up from slumber and are now determined to achieve fiscal federalism, following the institution of a legal action against the federal government over its continued collection of stamp duties in the country.

The state governments in the suit filed last month at the apex court is claiming specifically that the right to collect stamp duties on financial transactions between persons or individuals in a state is the exclusive reserves of the states, hence the apex court should intervene and restrained the federal government from further collection of the monies.

Also, a few months ago, the state governments had dragged the same federal government to court over its failure to remit to the federation accounts, trillions of naira received from recovered assets.

In the same stretch, the Rivers State government, last week, secured a court victory over the federal government in the collection of Value Added Tax (VAT) in the state.

Justice Stephen Pam of a Federal High Court in Port Harcourt had in a judgment delivered on august 9, held that the Rivers State Government and not the federal Inland Revenue Services (FIRS), had the right to collect VAT, Personal Income Tax in the state.

Justice Pam, in the judgment, subsequently restrained the Attorney General of the Federation and FIRS (1st and 2nd defendants) from collecting VAT in Rivers and directed the state government to take charge of the duty.

As a result, the Lagos State government, has also commenced move to stop the collection of VAT by the FIRS in the state and it is believed that in the nearest future, more states would follow suit.

In the current legal action dated August 19, 2021 and filed 24th, the 36 state governments in an 18-paragraph affidavit deposed to by one Chijioke Chuku, Director Legal Services of the Nigerian Governors Forum (NGF), claimed that FG’s collection of stamp duties and retention of same in financial transactions between individuals was contrary to the provisions of the law.

Plaintiffs in the suit marked SC/CV/690/2021, claimed that between 2015 to 2020, the federal government had collected and retained a total sum of N 176,067,400,000,00 from stamp duties on individual persons’ transactions within their respective states.

The Attorney General of the Federation and Minister of Justice, Malam Abubakar Malami, was the sole defendant in the suit filed by Mr Yusuf Alli, SAN ,on behalf of the plaintiffs.

Alli stated that his client resorted to the court action after efforts to resolve the issue with the defendant failed to yield desired result. The plaintiffs attached a copy of their letter dated September 16, 2020 to the federal government asking it to stop both the FIRS and NIPOST from collection of the said monies accruing to them as exhibit A. According to the senior lawyer, some of the issues brought before the apex court for determination were that whether “having regard to the mandatory provisions of Section 4(2) of the Stamp

Duties Act Cap. S8 Laws of the Federation of Nigeria (LFN), the plaintiffs (all the state attorneys) are not the sole authority to administer and collect stamp duties on all transactions involving individuals/persons within their respective states?”

Alli also wanted the court to determine, “whether having regard to the provisions of Section 4(2) of the Stamp Duties Act Cap. S8 of the Laws of the Federation of Nigeria read in conjunction with the provisions of Section 163, items 58 and 59 of the Second Schedule part I and items 7 (a) and (b) of the second Schedule part II and other provisions of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), the defendant (Malami) could claim, retain, distribute or in any other manner deal with the monies or sums collected as stamp duties on individual persons transactions within the respective states of the plaintiffs without reference to, concurrence of, input or agreement of the plaintiffs?”

Furthermore, the plaintiffs wanted to know whether or not they were “entitled to 85% of all stamp duties collected on electronic money transfer levy, on electronic receipts or electronic transfer for money deposited in deposit money banks and financial institutions, on any type of account to be accounted for and expressed to be received by the person to whom the transfer or deposit is made in the plaintiffs’ respective states”.

In the event, the questions raised by the plaintiffs were determined in their favour, even as they urged the Supreme Court to declare that they “are the sole

authorities entitled to administer and collect stamp duties on all transactions involving individuals within their respective states.

“A declaration that the defendant is not entitled to collect, administer, or keep the proceeds of any stamp duties on transactions involving individuals within the respective states of the plaintiffs or any manner interfere with the Plaintiff’s right and authority in the administering the provision of Section 4(2) of the Stamp Duties Act Cap. S8 Laws of the Federation of Nigeria,” they prayed.

“A declaration that the plaintiffs are entitled to all the sums of money collected by the defendant as stamp duties through whatever source or means in their respective states from 2015-2020 and thereafter till the time of the judgment of this court with respect to individual persons’ transactions.

“A declaration that the plaintiffs are entitled to 85% of all stamp duties collected on electronic money transfer levy, on electronic receipts or electronic transfer for money deposited in deposit money banks and financial institutions, on any type of account to be accounted for and expressed to be received by the person to whom the transfer or deposit is made in the plaintiffs’ respective states.”

Consequently, they wanted the court to make an order directing the AGF to account for and pay back all monies collected by way of stamp duties on individual persons’ transactions within the respective states of the Plaintiffs from the period 2015-2020 and thereafter till the time of the judgment.

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PAGE EIGHT LAGOS ASSEMBLY PASSES VAT, OPEN GRAZING PROHIBITION BILLS FIRS’s appeal of a Federal High Court judgement in favour of Rivers State in a case the state had instituted to challenge the federal revenue agency’s power to collect VAT. The pan-Yoruba socio-political organisation, Afenifere, yesterday threw its weight behind the VAT ruling by a Federal High Court sitting in Port Harcourt. Afenifere called the landmark judgement a decision in the direction of true federalism.

Similarly, a former President of the Nigerian Bar Association (NBA), Onueze C. J. Okocha, SAN, commended Rivers State Governor Nyesom Wike for challenging impunity with respect to the collection of VAT. However, in Lagos, following the passage of the anti-open grazing bill, Miyetti Allah, the association of herdsmen in Nigeria, vowed that the price of cattle in the state would quadruple if the bill was signed into law.

Following the passage of the VAT and open grazing ban bills, Speaker of the Lagos State House of Assembly, Dr. Mudashiru Obasa, directed Acting Clerk of the Assembly, Mr. Olalekan Onafeko, to transmit clean copies of the bills to Sanwo-Olu for assent. Obasa commended his colleagues for their desire for peace and progress of the state.

"I thank you all for this historic exercise," Obasa said.

The Assembly held separate public hearings on the bills on Wednesday, with stakeholders overwhelmingly supporting the draft laws.

The VAT bill titled, “Lagos State Value Added Tax Law: A Bill for a Law to Impose and Charge Value Added Tax On Certain Goods And Services, Provide for the Administration of the Tax and for Related Matters,” empowers the state to charge VAT at the rate of six per cent on the value of goods and services in the state. It also states, “The value of taxable goods and services shall be determined in the following ways: where the supply is for money consideration, its value shall be deemed to be an amount which with the addition of the tax chargeable is equal to the consideration.”

The bill further states that revenue accruing from VAT would be shared on a ratio of 75 per cent to 25 per cent

between the state government and the Local Government Council Areas.

The proposed law empowers the Lagos State Internal Revenue Service (LSIRS) to administer and implement the law and account for money collected in accordance with the law.

Port Harcourt Ruling Path to True Federalism, Says Afenifere Afenifere declared support for the VAT ruling by a Federal High Court in Port Harcourt, advising the federal government to stop actions and policies impeding the practice of true federalism in Nigeria.

The group, in a statement issued yesterday by its National Publicity Secretary, Jare Ajayi, commended the Rivers State government for initiating the legal process on VAT. Ajayi said the rulings by Justice Stephen Pam of the Federal High Court, Port Harcourt, on August 9 and September 7 had earned the judiciary in the country an epaulet as an institution not only capable of ensuring justice but also actually working on deepening federalism.

Pam had while delivering judgment on August 9 in Suit No. FHC/PH/CS/149/2020, filed by the Attorney General of Rivers State (plaintiff), against the FIRS (first defendant) and the Attorney General of the Federation (second defendant), said allowing the federal government, through the FIRS, to continue to collect VAT would be negating the spirit of the federal system of government that the country was supposed to be running.

The judge reiterated that position in the ruling of September 7.

Afenifere lauded the judge, saying the manner of distribution of VAT revenue, before the judgement, was patently unfair, unjust and did not favour the hardworking while rewarding the indolent.

According to Ajayi, "For instance, Lagos State, which generates as much as 55 per cent of this revenue, receives less than 10 per cent, while most states where less than five per cent is generated get the same amount that Lagos State gets. It is quite distasteful.

"The sum collected by the FIRS is shared among the three tiers of government, with the federal government taking 15 per cent, states 50 per cent, and local governments 35 per cent.

“From the foregoing, it would be seen that the federal government is taking undeserved larger chunk because when 50 per cent is shared among the 36 states, what each state gets is a paltry sum. Same for 774 local government councils that share 36 per cent."

He called on the state governments to use the opportunity provided by the judgment to explore other areas that the constitution empowers

them to assert themselves as federalists.

Ajayi said states should step up actions that would liberate the them from the stranglehold of the federal government that had turned Nigeria into a unitary state – in contradistinction to the federal spirit prescribed by the constitution.

He stated in advice to the states, "They should be rest assured of Afenifere support as they give vent to power devolution and entrenchment of true federalism in Nigeria.

Areas in which the states need to assert themselves include agriculture, health, education, electricity, physical planning,

title registration, registration and production of vehicle number plates, and casino licensing etc., as Lagos State Government did in the past.

"To us in Afenifere, the attempt by the federal government to establish so called Farm Estates in all the 109 senatorial districts is another way of imposing the rejected cattle colony and RUGA on Nigerians.

“It is also another way of defying the federal spirit of the constitution, as lands are vested in the state governors.

If the governors granted the lands being asked for, cattle colonies would be established in these estates as revealed in the

view expressed by Prince Paul Ikonne, the Executive Secretary of the National Agriculture Land Development Agency (NALDA).

"States should reject this attempt, particularly, since the farm estates NALDA is using as an excuse to grab lands for the federal government ‘are familiar territory for many states, especially, in the South-west, that inherited farm estates from the defunct Regional Government of late Chief Obafemi Awolowo."

On the fear of possible multiple taxation that collection of VAT by states may occasion, Ajayi called for a roundtable discussion on the thorny aspect.

CBN MOVES TO PUMP MORE DOLLARS THROUGH BANKS TO BOOST FX SUPPLY approach to stop the dollarisation of the economy for domestic transactions.

The apex bank, THISDAY learnt, had recently met with government MDAs, ministries, agencies and department to stop collecting payment in foreign currencies, targeting particularly, airlines and the Nigerian Port Authority.

The officials also made clear that those, who collect rent in dollars would be prosecuted, reiterating that if anyone needed dollars for foreign transactions, they should simply go to their banks.

The CBN officials, who expressed optimism about that measures put in place so far to check speculators, said the the apex bank has the capacity to meet all legitimate transactions channeled through the banks and maintained that the black market represented less than one per cent of foreign exchange transactions and should never be used to determine the country’s dollar exchange rate.

“There is no reason for anyone, who needs dollars to go to the black market as long as the person needs dollars for legitimate purposes. Anyone patronising the black market to buy dollars at such rates must be engaged in illegal business, because he can get the same dollars from the banks, the CBN, investors and exporters’ window at much lesser rates.

“So, what is the reason they're going to the black market? Let those going to black market illegally desist from doing so.

Their banks will sell them dollars through any of the approved

channels. If anyone is refused, he/she should come out openly to report the bank. We will deal with the bank,” the central bank officials explained in reaction to THISDAY’s enquiry.

The senior officials also said the central bank had banned all government agencies from carrying out transactions in dollars.

“For instance, agencies like the Nigeria Ports Authority and others that request some customers to pay dollars have been asked to stop such forthwith. Also, agencies such as the Federal Airport Authority of Nigeria (FAAN) or airline operators involved in charters and international airlines tickets must all be done in naira, as long as they are in Nigeria,” he explained.

According to the officials, "Traders, who go to the black market will lose their capital as their replacement cost can never be matched in the black market, because their import will always be too expensive so they had better look inward and begin local production.

Manufacturers too should reduce their overdependence on imported raw materials in their production as we build an economy, where most raw materials would be sourced locally."

In a related development, the CBN, yesterday, reassured Nigerians that its upcoming digital currency, commonly referred to as e-Naira, would not disrupt the existing structure of the banking system but would rather enhance financial stability.

The apex bank also anticipated that the introduction of the e-Naira

would improve the flow of remittances into Nigeria as it would bring about cheaper means of international fund transfer.

Deputy Governor, Operations Directorate, CBN, Mr. Folashodun Adebisi Shonubi, said this at the Chartered Institute of Bankers’ of Nigeria (CIBN) Advocacy Dialogue Series Four, where stakeholders converged virtually to discuss, “Central Bank Digital Currencies (CBDC): Insights for the 21st Century Banker.”

Shonubi, who was represented by the Director, Payment Systems, CBN, Mr. Musa Jimoh,said, “This CDBC is a cheaper alternative to cash, as well as for electronic form of payment. It does have implications for both, however.

“The intention is not to eliminate the use of other forms of payment, but simply to introduce a complement to the current options, areas of payments options that we have in the country and all over the world.

“This will enable effective competition and the natural evolution of payment option, policies and all that, thereby ensuring the safety and stability of the payment system in the long run.

“In my opinion, we believe the CBDC will not disrupt the existing banking and payment landscape. No, banks and other fintechs will not be disrupted, rather, it will provide them with another platform to innovate around the new money with the opportunity to leverage the enabling infrastructure and platforms to develop value added services such as programmable smart contracts microcredits

savings payments, etc.”

On the impact the CBDC would have on the banking sector and the economy, he said, “This will further strengthen the banking system, especially, central banks globally, who have identified the need to ensure that banks are integral in the operation of CBDC. “The risk of disintermediation, I believe, will be assuaged even as banks take their rightful place in the dynamics of operation of CBDC. I am of the opinion that CBDC will strengthen the stability of the banking system even as the person becomes more diversified” In addition, the CBN deputy governor, said the CBDC would generally improve efficiency and promote opportunities for jurisdictions without instant payment options to benefit from faster payment system.

He also said it would bring about improved foreign exchange supply and enhance liquidity through improved international remittances.

“The CBDC is expected to enhance efficiency in international remittances and address the challenge the current high cost of remittances. As remittance flow improves, the deposit base of the banks in receiving countries will also improve as one of the key benefits of the CBDC,” he added.

In his contribution, however, the Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda, commended the CBN over the proposed e-Naira andnoted that it would help deepen financial inclusion in Nigeria.

BUHARI IN IMO, SAYS IT’S UNTHINKABLE THAT ANY IGBO MAN WOULD WANT TO EXIT NIGERIA any Igbo man would consider himself not to be a part of Nigeria.

The evidence is there for everyone to see that Igbos are in charge of Nigeria’s economy,” he said.

Buhari also said he wanted to be remembered as the president who stabilised the Nigerian security and economic situations, and delivered prosperity and triumph over corruption.

The president reiterated his commitment to credible and fair elections in 2023, and promised to complete the Second Niger Bridge as well as other on-going federal projects in the South-east geo-political zone.

President-General of Ohaneze Ndigbo Worldwide, Professor George Obiozor, in his remarks, assured Buhari of the continued support of Ndigbo. But Obiozor demanded that Nigerians must be governed by the principle of equity, irrespective.

Buhari stated, “If there is no security, there is nothing anyone can do no matter how much you try or the initiative you have.

Security is number one priority and, then, the economy. When people feel secure they will mind their own business."

The president said, though, fighting corruption in the country had become very sophisticated and difficult, he would continue to strive to leave a lasting legacy of integrity and accountability in

the governance.

Buhari said, “Nobody can accuse me of having companies or mansions anywhere in the country and I thank God that I try to keep myself as clean as possible, so that I cannot be taken hostage.

I will do my best to ensure that Nigerians that try hard, succeed in their efforts."

He urged leaders of the region to sincerely educate their citizens on the need to hold their elected representatives accountable.

Buhari saluted and sent his admiration to the Igbo for their resourcefulness and enterprising spirit. He said, “The fundamental thing about the Igbo people is that there is no town you will visit in Nigeria without seeing the Igbos being in-charge of either infrastructure or pharmaceutical industry.

The president noted that no country could make meaningful progress without the development of infrastructure. He regretted the contributions of successive governments at the federal level to the decay of critical infrastructure in the country.

“I firmly believe that when you get infrastructure right, Nigerians will mind their own businesses,” he said, adding that as a group, Igbos stand to benefit more from the on-going development of infrastructure in the country because “they are

more enterprising”.

Earlier in his remarks at the town hall meeting, Governor Hope Uzodinma of Imo State said Ndigbo believed in a united Nigeria predicated on “justice, equity and fairness.” Uzodinma thanked Buhari for addressing the interests of Igbos through deliberate policy initiatives designed to give the people a true sense of belonging, including the on-going construction of the Second Niger Bridge, among other projects.

The governor said the people of the region would remain grateful to the president for approving the establishment of a Naval Base in Oguta Local Government Area of Imo State, adding that as time unfolds, the economic benefits of the base would manifest.

He also commended the president for strongly supporting the appointment of two prominent Igbos – Dr. Ngozi Okonjo-Iweala and Dr. Chikwe Ihekweazu – into key international organisations as Director-General of the World Trade Organisation and Assistant Director-General of the World Health Organisation, respectively.

Obiozor assured the president of the support of Ndigbo.

The Ohaneze president-general said, “Ndigbo are committed to Nigerian unity and there is news for those trying to push us out of

Nigeria. Ndigbo in Nigeria are like fish in the ocean and no matter how rough the storm is, it cannot drive the fish out of the ocean.

“Mr. President, it is in this context that we see a new dawn in your distinguished presence in Igbo land and believe that on your return to Abuja the significance and substance of this visit will form new foundation of a platform for meaningful dialogue on critical issues of concern to the Igbo nation.”

Obiozor said the president’s visit was a reassurance that there was still reason for optimism for Nigeria and Nigerian unity.

He expressed belief that the visit would mark the beginning of a new chapter of dialogue, cooperation and understanding between Ndigbo and the Buhari administration.

He stated, “Mr. President, after all Nigeria as gone through in its nearly 60 years of chequered history of crises and continuity and the spectacular patriotic role of Ndigbo to ensure its unity and survival, the consistent perception that the Igbos are separatists and secessionists agitators is a historical fallacy.

“Indeed, if the truth must be told, Ndigbo are the most federating unit among all Nigerian citizens. Generally speaking, anywhere in Nigeria you don’t find the Igbos, run

away something is wrong there.

“Igbos are market people and travel adventurers. Consequently, what defines the Igbo character is propensity for friendliness and harmonious peaceful coexistence and spirit of universalism of mankind. This is who we are.

Our Igbo adage says ‘Ojemba Enwe Iro’, literally translated – a traveller makes no enemies.”

According to the Ohaneze leader, another misconception is that Igbos cannot speak with one voice.

He said, “Mr. President, in spite of all the threats of secessionism or separatism facing the country, there is no doubt that no secessionist element can succeed in Nigeria provided there is good governance based on equity, justice and fairness to all the citizens.

“Your Excellency, the most urgent and imperative need of Ndigbo today is security. The security of Ndigbo in Nigeria and beyond has become a compelling primary responsibility of serious concern for Ndigbo.

“Regrettably, our South-east zone has recently become a theatre of conflict, negating the peace-loving nature of our people.

In this context Ohanaeze Ndigbo calls for the establishment of a zonal and state police apparatus to support and complement the existing federal security architecture.”

Obiozor reiterated later on the Arise News Channel that Buhari’s visit to the Igbo heartland gave the Igbo optimism for the future of Nigeria.

During the visit, Buhari commissioned four projects executed by the Uzodinma government, including the Naze/ Ihiagwa/Nekede/Obinze link road, the Balloon Driven/Flood Control drainage at Dick Tiger Road, the Egbeada Bypass road, and the New Exco-Chambers, Government House, Owerri.

Addressing Imo residents at the inauguration of Egbeada bypass, named after Chief Emmanuel Iwuanyanwu, the president said he was impressed with the level of work done by the state government.

“I am very pleased with what I have seen and I assure you that I will support Imo State within the constitution of the Federal Republic of Nigeria,” Buhari said.

However, it was observed that the sit-at-home order declared by the Indigenous People of Biafra (IPOB) over the president’s visit was obeyed.

In strict compliance with the IPOB directive, residents of Owerri, the state capital, and, indeed, most of the states in the South-east complied fully with the order. Banks, offices, shops and markets were shut and the streets were deserted.

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NEWS

Global Sovereign Wealth Funds Surpass $9trn Ndubuisi Francis in Abuja Global sovereign wealth fund assets, including Nigeria's, have reached $9,143,213,790,349, data released by the Sovereign Wealth Fund Institute (SWFI) has indicated.

Norway’s Norges Bank Investment Management with $1.4 trillion in assets, is the world's biggest sovereign wealth fund, the report revealed.

It is followed by China Investment Corporation -$1,222,307,000,000; Kuwait Investment Authority , $692,900,000,000; and Abu Dhabi Investment Authority, $649,175,654,400 A breakdown of the sovereign wealth fund market share by region as of September 9, 2021, indicated that Asia accounts for 41.7 per cent of the assets, followed by Middle East with 32.8 per cent and Europe with 18.1per cent.

North America accounts for 3.8 per cent of sovereign wealth fund assets; Oceania and Pacific, 2.3 per cent; Africa, 0.9 per cent; and Latin America, 0.4 per cent.

The SWFI noted that the key difference from 2000 to 2012 versus 2012 to 2021 was investment returns in the current period, especially in markets fueled by central bank quantitative easing (QE) action.

Global sovereign wealth funds (SWFs) are a major source of institutional investor capital that have the potential to invest for the long term.

Nigeria's sovereign wealth fund, which is being managed by the Nigeria Sovereign Investment Authority (NSIA) was ranked 59th among the 100 top sovereign wealth funds globally.

It now has around $3.5 billion in assets, up from $1.5 billion in 2015, when the current administration took over from the

President Goodluck Jonathan government.

Meanwhile, assets of the world's 300 largest retirement funds increased 11.5 per cent to $21.72 trillion in 2020, despite the effects of the COVID-19 pandemic which ravaged stock markets and economies in the first half of the year.

Nigeria's current pension assets stands at N12.78 trillion (about $5.2 billion).

According to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute, the top funds' assets also grew at a faster rate than a year earlier, when they increased by eight per cent.

Most markets quickly recovered from the effects of the pandemic, said Marisa A. Hall, London-based co-head of the Thinking Ahead Institute,

who added that the S&P 500 index was back to prepandemic levels by August 2020 and notched more than an 18 per cent total return in 2020.

Over the past five years, assets increased by an annualised 7.9 per cent for the 300 funds and 8.9 per cent for the largest 20 funds in that group.

The latest survey showed

that the challenging environment of the past year focused retirement plan executives on adapting their investment processes to encompass what Hall described as a total portfolio governance approach rather than traditional strategic asset allocation and threedimensional investing that includes risk, return and impact.

NCC Explains MTN’s N72bn Licence Renewal Fees Emma Okonji MTN Nigeria recently received a confirmation letter from the Nigerian Communications Commission (NCC), acknowledging the payment of N71.6 billion fee for the renewal of the telco’s spectrum licence for the next 10 years and another payment of N374.6 million for the renewal of its Universal Access Service (UAS) licence for the next 10 years.

The total renewal licence renewal fees, which was N72 billion, had been generating concerns among industry analysts, who felt the amount was outrageous.

The Director of Public Affairs at NCC, Dr. Ikechukwu Adinde, told THISDAY through a telephone conversation that the commission based its licence fees on the category of the available licences.

According to him, “NCC charges a uniform and standard rate for Universal Access Service (UAS) licence, but charges differently for the spectrum licence, based on the category of licence and the number of licences obtained by a particular operator.”

Also, after a detailed comparison between the $285 million that MTN and Econet Wireless Nigeria (Now Airtel Nigeria) paid for their initial licence fee in 2001, the President of National Association of Telecoms Subscribers (NATCOMS), Chief Deolu Ogunbanjo, said the amount paid by MTN Nigeria, was fair enough, when compared to the current value of dollars.

“Converting the N71.6 billion to dollar at the official rate of N411 per dollar, one will arrive at $174.2 million, which I think is fair when compared to the $285 million that MTN paid in 2001 as licence fee. The reason being that renewal of licence fee is supposed to be lower that the actual licence fee itself,” Ogunbanjo said.

A source close to MTN, however, said the telco may have paid the amount because it covered the renewal of three different licences.

NEWS REVIEW The source explained that the N71.6 billion was for the renewal of two licences - the 900MHz licence and the 1800MHz licence, while the N374.6 million was for the renewal of another licence called the UAS licence.

The source added that Airtel may not pay as much as MTN if it was renewing only one or two licences.

In a letter signed by the Company Secretary to MTN Nigeria, Uto Ukpanah, and sighted by THISDAY, MTN Nigeria expressed happiness that the NCC has formally notified the telecoms company of the renewal of its Unified Access Service (UAS) licence and spectrum licence for wireless local loop in the 900MHz and 1800MHz band, subject to licemce conditions, including additional amounts under discussion.

Commenting on the renewals, the CEO of MTN Nigeria, Mr. Karl Toriola said: “Renewing our licences for another 10 years is very important to our business and enables us to continue to provide services to ensure the benefits of a modern connected life for our people.

MTN is delighted with its strong partnership with the NCC and looks forward to working closely with the commission and the Ministry of Communications and Digital Economy, to accelerate the growth of Nigeria’s digital economy.”

Toriola said the spectrum licence would enable it provide its 3G and 4G technology services to its over 73 million subscribers in Nigeria.

While the 900MHz and 1800 MHz spectrum band are used mainly for voice, MTN uses its 2600MHz spectrum licence for 4G, which is mainly for data.

In a recent interview, Toriola had said: “In support of Nigeria’s National Broadband Plan in 2021, MTN plans to have additional 510 2G; 616 3G; 4,745 4G sites as well as 200 U900; 1,226 fibre to site and 232 E-Band connections.”

A TOKEN FROM EKITI...

Ekiti State Governor/Chairman Nigeria Governors’ Forum, Dr Kayode Fayemi, (R) with the Chief of Army Staff, Lt. Gen. Farouk Yahaya during the Governor’s working visit to the COAS in Abuja… recently

Osinbajo, Adeboye, Obasanjo, Mustapha, Gbajabiamila, Sanwo-Olu, Fayemi, Others Bid Pa Abiodun Farewell Vice President Yemi Osinbajo, yesterday, led other prominent Nigerians like the Secretary to the Government of the Federation (SGF), Boss Mustapha; Speaker of the House of Representatives, Femi Gbajabiamila; the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye and former President Olusegun Obasanjo, to bid Pa Emmanuel Adesanya Abiodun, father of the Ogun State governor, farewell.

Other prominent personalities at the ceremony were the Lagos State Governor, Babajide Sanwo-Olu; the Ekiti State Governor, Dr. Kayode Fayemi; the Ondo State Governor, Rotimi Akeredolu; the Edo State Governor, Godwin Obaseki; the Kwara State Governor, Abdul-Rahman Razaq and their Kebbi State counterpart, Abubakar Atiku Bagudu.

Other dignitaries at the service were the deputy governors of Nassarawa and Borno States, former Governor of Edo State and the immediate past National Chairman of APC, Adams Oshiomole; Chairman of the National Drug Law and Enforcement Agency (NDLEA),Brigadier General Buba Marwa (rtd); President, African Development Bank, Akinwunmi Adesina and

Chairman, Dangote Groups, Aliko Dangote, among others.

The funeral and thanksgiving service held at St. James' Anglican Church, Iperu-Remo, also had in attendance the immediate past governor of Ogun State, Senator Ibikunle Amosun; one of the national leaders of the All Progressives Congress (APC), Aremo Olusegun Osoba;another former governor of the state, Gbenga Daniel; the Acting National Leader of the PanYoruba group, Afenifere, Pa Ayo Adebanjo, including some 120 bishops and clerics, captains of industry and top political functionaries.

In his sermon at the service, the Archbishop, Ecclesiastical Province of Lagos and Diocesan Bishop of Remo, the Most Rev. Dr. M. Olusina Fape, noted that death was a debt every mortal would pay and urged people to prepare well to meet their creator.

Pointing out that, "Heaven is a prepared place for prepared people", the cleric further urged the people to live a life in expectation of making the heaven.

"Nobody has ever escaped the cold hands of death. And nobody gets to heaven's prepared place by chance, you must work to get there.

We must prepare to meet our Creator. Inheriting the beautiful

mansion is not automatic. If you don't live and die in Christ, there is no peace for you after death.

"You should start thinking about your temporary existence on earth and start doing what will make you inherit heavenly mansions, when you die," Bishop Fape stated.

He described Pa Abiodun as a great teacher and committed Christian, who dedicated his life to the service of God and humanity.

"Papa has worked and distinguished himself in his career and service to humanity.

He also passed the torch of Christian faith to his children.

He was a loving father and husband. He was a humble man. And because of this, God indeed honoured and rewarded Pa Abiodun's humility and dedication to God's way, with blessed children.

"As a Christian, Baba has done well and he never preoccupied himself with earthly possessions, but dedicated himself to the service of God and humanity. What will you be remembered for after leaving the office or position you hold on tightly to? If people are crying because you are a leader, God will judge you," the cleric added.

While calling on the congregation to emulate the exemplary life of the deceased,

Fape prayed God to strengthen the wife of the deceased, Mrs. Victoria Abiodun, his children and other family members.

Speaking on behalf of past and serving governors, Governor Kayode Fayemi, said the service was to celebrate Pa Abiodun, whom he described as "an exemplar and a great teacher".

While noting that the deceased lived a good life, Fayemi urged the congregation to reflect on the message by the cleric and prepare very well in order to make heaven.

Delivering the message of President Muhammadu Buhari, Osinbajo noted that Pa Abiodun enjoyed the grace of God, but did not take the grace for granted by giving back to his community via the teaching profession and service to God. In his remarks, Governor Dapo Abiodun, described his late dad as his mentor, moral compass and teacher.

He added that he would continue to miss his father, whom he further described as his cheer leader and hero.

While thanking dignitaries, who attended the funeral service of his late dad, Abiodun submitted that he would continue to hold on tightly to the morals and values inculcated in him by his father while alive.

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Anambra: INEC Relists Ozigbo as PDP Governorship Candidate As court slams N10m fines on Njoku, Okoro over abuse of process Declares Oye, Soludo, APGA's chair, standard bearer Chuks Okocha in Abuja and Alex Enumah in Abuja Sequel to the Court of Appeal judgement, last week, the Independent National Electoral Commission (INEC) has relisted Mr. Valentine Ozigbo, as the Peoples Democratic Party (PDP) governorship candidate in the November 6 election.

This came about the same time the Abuja Division of the Court of Appeal slammed a fine of N10 million on two chieftains of the Anambra State chapter of the All Progressives Grand Alliance (APGA) – Chiefs Edozie Njoku and Chinedu Okoro – for bringing before it a suit considered an abuse of court processes.

Also, the Kano State division of the court, had on August 10, 2021 resolved APGA’snational chairmanship dispute in favor of Victor Oye and also upheld the primary election conducted by his leadership, which produced a former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo as the party’s governorship candidate for November 6 gubernatorial election in the state.

A statement by INEC’s National Commissioner in charge of Publicity and Chairman, Voter Education, Festus Okoye, stated, "The Commission was served with two judgements of the Court of Appeal (Awka Judicial Division) in respect of the candidature of the People’s Democratic Party (PDP) for the Anambra governorship

election.

"The Court has ordered the Commission to recognise and publish the name of Mr. Valentine Ozigbo as the governorship candidate. Earlier, the party had substituted its deputy governorship candidate within the deadline provided by law.

"Accordingly, the governorship and deputy governorship candidates of the PDP are as follows: Candidate: Valentine Chineto Ozigbo, Age: 50, Gender: Male, Qualification: FSLC, SSCE, WAEC, BSc., MBA. "Candidate: Lilian Azuka Enemo, Age: 64, Gender: Female. Qualification: FSLC, WASC, BSc," INEC stated.

The commission said the final list of candidates would be published on 7th October 2021, as provided for in the Timetable and Schedule of Activities for the election.

INEC said it was also taking time to repair the damage to its facility in Anambra, which it said was extensive, adding that the destruction of movable materials, including 50% of the non-sensitive materials already delivered for the election.

He explained that while the Commission was making efforts to rebuild the physical facilities, it also took a pragmatic decision to distribute the replacement non-sensitive materials from its South East Zonal Stores in Owerri in order to meet the deadlines.

For clarity, it said the nonsensitive materials were the non-pharmaceutical COVID-19 items such as hand sanitizers

and facemasks, envelopes, posters, stickers, sellotapes, scissors, liquid gum and other stationery items required mainly at the polling unit level.

Okoye, however, said following a review of the deadlines for the completion of work on the destroyed physical facilities, the Commission was satisfied that the ongoing work would be completed by the end of this month.

Consequently, he said the Commission was now in a position to operate from its office in Awka, where the batching and distribution of all non-sensitive materials would take place.

INEC, therefore, appealed to all stakeholders to continue to

cooperate with the Commission for a transparent and credible election in Anambra State.

Meanwhile, Njoku and Okoro, in their joint appeal, had asked the court to resolve the dispute on APGA national leadership in which a judgment had earlier been delivered by the Kano Division of the Court of Appeal.

But in a ruling in the two appeals, Justice Jummai Zankey, held that the Court of Appeal in Abuja has no jurisdiction to entertain the appeals, because the Kano Division has already delivered judgment in the same matter.

The three member panel led

by Justice Monica DongbanMensem, held that the Abuja

division of Court of Appeal was bound to follow the decision of its Kano Division.

Justice Zankey said the appeals of the two APGA chieftains amounted to asking the court to sit on appeal over its own earlier judgment.

"It is a settled law that the Court of Appeal, once it gives final decision on any matter cannot go back to the same issue except where there are typographical errors. The proper place for the two appellants to go to ventilate their views is the Supreme Court and not any division of the Court of Appeal," he said.

Justice Zankey, therefore, proceeded to award N10M against the two appellants

to be paid to Sylvester Ezeokenwa and APGA, who were the first and second respondents in the matter.

Also, Justice Hamma Simon Zamani of the Kano division had in his judgment, set aside the judgment of a Jigawa State High Court, which had earlier declared Jude Okeke and Chukwuma Umeoji as APGA's National Chairman and Anambra governorship candidate respectively.

But rather than approach the Supreme Court to challenge the Appeal court verdict, Njoku and Okoro moved to the Abuja division of the same court over an appeal already resolved by the Kano division.

Military: Boko Haram, ISWAP Planning to Produce Explosives Troops arrest terrorist on wanted list, raid IED hub in North East Kingsley Nwezeh in Abuja Nigerian Army Headquarters, yesterday, raised the alarm that terrorist groups, Boko Haram and the Islamic State for West African Province (ISWAP), were embarking on the acquisition of Improvised Explosive Devices (IED) materials in order to produce explosives.

It said the objective of the groups was to unleash more terror on innocent civilians in order to maintain a posture of relevance.

The war update said the development followed the depletion of the groups' fighters by military's aerial and artillery bombardment.

Thousands of the terrorists have recently surrendered to troops with their families.

The army, in a statement, said troops of Sector 2 Joint Task Force North-east Operation Hadin Kai, arrested a high profile Boko Haram member, who has been on the wanted list of the military.

Soldiers also raided the terror group's IED materials hub in Damboa and Gashua Local Government Areas of Borno and Yobe States, respectively.

The statement noted that the operational success was recorded following robust operations conducted by troops.

"Following a tip off, the wanted terrorist, one Yawi Modu, was nabbed along Damboa-Wajiroko Road," the

statement stated.

Following the development, troops raided a urea fertilizer syndicate known for supplying terrorists with IED materials.

The market, where the arrest was effected, was believed to be the notorious hub for IED materials for BHT/ISWAP. "These ISWAP criminals facing the reality of obvious depletion are desperately acquiring IED materials to make explosive devices with which to unleash terror on innocent civilians in a bid to remain relevant and present a posture of potency", the statement signed by Army Spokesman, Brigadier-General Onyema Nwachukwu, said.

In the sting operation conducted by troops, a total of 281 50kg bags of urea were recovered from the warehouses in the market and two notorious BHT distributors were also arrested.

"Recall that urea fertilizer has been banned by government, because of its use as a major component for manufacturing IED by terrorists," it said.

The statement affirmed that the suspects and materials recovered were undergoing preliminary investigation.

While commending the vigilance and resilience of the troops, the Chief of Army Staff, Lt. Gen. Faruk Yahaya, reassured them of his support and determination to rout terrorists from the North-east.

HERE'S MY LETTER OF CREDENCE...

Her Excellency, Ambassador (Dr) Modupe Irele (left) presenting her Letter of Credence to the President of the Republic of Serbia, H.E Aleksandar Vucic in Belgrade...recently

Six States Account for 41% of People Living with HIV Ugo Aliogo and Loveth Chinagorom Six states in the country presently account for 41 per cent of people living with the Human Immunodeficiency Virus (HIV).

The states are Kaduna, Akwa Ibom, Benue, Lagos, Oyo, and Kano.

This was disclosed in a statement made available to THISDAY by the Hacey Health Initiative.

Nigeria is the second-largest country in terms of the number of infected persons, estimated at 1.9 million by the National Agency for the Control of AIDS. Furthermore, the statement noted that the United Nations Population Fund Youth Participatory Platform (UNFPA YPP), in collaboration with Hacey Health Initiative empowered over 100,000 Youths in four states of the Southwest region of Nigeria through the "Beyond Treatment for Us" (BT4U) Project.

It stated that the BT4U project aims to raise awareness, train, and grant young people access to available sexual and reproductive health, HIV and AIDS services.

It further explained that globally, HIV/AIDS were leading cause of mortality among young people, citing the UNAids which revealed that in 2020, 37.7 million people were living with HIV, “and of these people, 36.0 million are adults, while 1.7 million are children between ages 0–14 years.”

The United Nations Population Fund Youth Participatory Platform (UNFPA/YPP), Coordinator, George Adjete, said the project provided 100 Young People with SRHR and HIV/AIDS Counselling Services, 63 Young People with HIV Testing Services.

The statement quoted him to have further noted that in addition to the empowerment of 100 young people, 300 Adolescents were trained

on Reusable Pad Production and Menstrual Hygiene, 10,000 young people reached through Digital marketing services, “50 Young people trained on Evidence Based SRH Policy Advocacy, 100,591 young people reached with information and support via social media platforms (Twitter, Instagram, Facebook).”

It noted that the BT4U project which was organised in collaboration with Hacey Health Initiative, has empowered over 100,000 Youths in four states of the Southwest region.

It explained that the BT4U project aims to raise awareness, train, and grant young people access to available sexual and reproductive health, HIV and AIDS services.

According to the statement, “The project targeted young across four states (Lagos, Oyo, Osun and Ekiti) in Southwest Nigeria, providing them with information on HIV and AIDS

prevention and treatment and free HIV and AIDS testing and counselling services.

“Apart from reaching over 100,000 people through social media, the project provided Sexual and Reproductive Health and Rights (SRHR) and HIV/AIDS counselling services to 100 young people.

In addition, BT4U trained over 300 adolescents on menstrual hygiene.

“The project also provided 63 young people with free HIV testing services, while over 50 young SRHR Policy advocates were trained on Evidence-Based Advocacy.

The focus of this project was capacity building, social media campaign, advocacy visits and youth consultations.

“Thankfully, these activities have contributed immensely to the increase in access to sexual and reproductive health information and services for young people, especially trans-genders, sex workers, prisoners and homo-sexual in Southwest Nigeria.”

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COMMENT

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

2023: THREE CATEGORIES OF PRESIDENTIAL ASPIRANTS

The next president must strive confidently to rejuvenate democratic governance in Nigeria, write Ejeviome Eloho Otobo and Oseloka H. Obaze

I

n the past few months, three major developments have pushed the 2023 elections to the fore front of national public discourse. In the order they transpired, these were the 5th July Communique of the Southern Governors Forum advocating for the next President of Nigeria has to come from the south. Ex-President Ibrahim Babangida’s interview of 6th August with ARISE Television, wherein he suggested that Nigeria’s next president should be in the 60s age bracket. The front-page cover story of THISDAY of 9 August titled “2023: Who Leads Nigeria”, in which it published the pictures of 31 possible presidential aspirants. That THISDAY’s feature story also carried a reminder that the next elections were 559 days away.

In our 29 May, 2020 Op-Ed titled “In the Next 36 Months,” we took cognizance that “ever before the first ballot in the 2019 presidential elections was cast, some members of Nigeria’s political elite, across the political spectrum, were already signaling their intention to run for the presidency in 2023.” In that Op-Ed, we had classified the presidential aspirants into three categories— the plausible, the pretenders and the perspirants. We deliberately omitted an important detail: the attributes of the three categories of aspirants. What, then, are the defining characteristics of aspirants in these three categories? First, the plausible aspirants are those that have the political experience, the requisite educational qualification, the temperament, the international exposure, the broad national outlook, and the high level of confidence to engage the people, the parliament and the press in public discourse.

Unfortunately for Nigeria, some of those who possess the attributes of plausible aspirants will not be inclined to join the race, lack the financial resources to do so, or assessed as not ready for primetime politics, or even disadvantaged by their place of origin. What separates the pretenders from the perspirants is that the former enters the race with the presumption that they are up to the task, but on the contrary, public perception of their bona fides and their political asset value remain low.

On the other hand, the perspirants, who are mostly fantasist, are forever immersed in hope, convincing themselves of their suitability for the highest office in the country, via some divine imprimatur.

Nigeria’s next leader must be assessed against the backdrop of the past leaders but also the national aspirations for a better future. When evaluated on four core values and qualities of leadership: visionary, adaptive, transformational and transactional, it is evident that most of Nigeria’s past leaders would be adjudged as transactional. Some may argue that this reality, perhaps, speaks more to the systemic flaw in Nigeria’s leadership selection process than the flaws in individual’s attributes. As the search for the next leader of Africa’s largest economy and most populous country ensues, some observers have suggested that the next Nigerian leader must be inclined to “disruptive thinking,” a modality well beyond the notion of “thinking outside the box.”

Nigeria’s challenges have morphed from the serious to the severe.

Hope and prayers are insufficient as policy prescriptions. Similarly, the search cannot default to erstwhile ostrich approach of self-conceit

EVERY PRESIDENTIAL ASPIRANT MUST TAKE A PUBLIC STANCE ON FIVE MAJOR CHALLENGES CONFRONTING THE COUNTRY; INCESSANT KILLINGS ALL OVER THE COUNTRY; CONSTITUTIONAL RE-REDESIGN; PERSISTENTLY DISMAL ECONOMIC GROWTH; HOW ALL TERRORISTS—ACTIVE AND REPENTANT -- SHOULD BE TREATED; AND THE OVER-STRETCHED MILITARY

and personal aggrandizement by those seeking the highest office. Nor should the vainglorious national belief -- that Nigeria is one large, happy family wracked by few ephemeral but manageable problems or too big to fail --be tolerated. Every presidential aspirant must take a public stance on five major challenges confronting the country; incessant killings all over the country; constitutional re-redesign; persistently dismal economic growth; how all terrorists—active and repentant -- should be treated; and the over-stretched military. On the last point, there is a growing recognition that many of the tasks assigned to the military are not amenable to military solutions but political negotiations. It is bad enough that elite consensus is lacking on many of these issues, it is worse that those who aspire to lead have been either selective in their outrage on issues such as the mindless killings in the country, play ostrich or straddle the issue. While straddle is a highly rewarding technique in financial markets, it reveals an appalling lack of moral conviction when applied to decision-making by political leaders.

Nigeria remains on the precipice. An imperative understanding of the need to restructure the nation persists. Yet such compelling desire has been met with unceasing and strident pushback from those who contend that restructuring might finally balkanize Nigeria. Foremost, such outsize trepidation is driven by fear of possible loss of control at the centre, along with its perk and perquisites. Whoever emerges as Nigeria’s next president, must strive selflessly, confidently and fearlessly to rejuvenate democratic governance in Nigeria. The task is a tall order, yet one that is achievable. Nigeria’s next president must be someone able to abjure primordial considerations that tend to elicit patrimonial claims to leadership. In the national interest, the next president must also be willing to uphold the rule of law, respect constitutionalism and ordered liberties and remain committed to periodic and genuine elections that are free, fair and credible. Lee Kuan Yew, the late leader of Singapore, famously remarked that “a nation is great not by size alone. It is the will, the cohesion, the stamina, the discipline of its people and the quality of its leaders which ensure it an honourable place in history”.

2023 will mark the 30th anniversary of the annulment of the 1993 elections. Had the results of those elections been honoured, Nigeria’s democratic process would have been on a much firmer foundation than it is today. That annulment had the ironic effect in that South Africa – on whose behalf Nigeria put up a valiant diplomatic effort for its freedom and democracy -- became a democracy, in 1994, before Nigeria did in 1999. The 2023 elections will be another milestone in the country’s political journey: if effected with transparency and fairness, it will launch Nigeria on the path of democratic consolidation, and if poorly managed, degrade the democratic process further. The choice is as stark.

Otobo is a Non-Resident Senior Fellow at the Global Governance Institute, Brussels. Obaze is Managing Director and Chief Executive Officer, Selonnes Consult in Awka

THE STRUGGLE FOR THE SOUL OF ANAMBRA STATE Kanayo Esinulo writes that the November election is a choice between continuity and a fresh beginning

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he gladiators are warming up and it is likely going to be a tough outing this time round. One thing that makes the politics of Anambra State interesting and, somewhat, fascinating is that its electorate are highly enlightened and sensitive. Its voter-population knows exactly what is at stake. This is the state that gave birth, as it were, to political icons such as the Azikiwes, Ojukwus, Okongwus, Orizus, Ekwuemes, and Okekes.

Anambra State can easily be described or showcased as one of the states in Nigeria with the highest number of politically-literate and conscious citizens that easily understand the many critical issues that get discussed during election periods like now, not just by politicians but also by the intelligentsia.

How does the voter in Anambra State differ significantly from his counterpart in the other parts of the Southeast, indeed the rest of Nigeria? At any public gathering, social/cultural or political, in the state or elsewhere with a remarkable concentration of Anambra indegenes, politics is instantly the topic on everybody’s lips. It makes them feel good, and discussants are usually aware of the intricacies and nuances of what may be needed to get their beloved state working for everyone and for every segment.

Devoid of emotions and lousy sentiments, the Anambra man understands what it takes to put his state on a sound road to development. And he is always willing to submit to superior arguments and accept that the man on the other side has unassailable points.

Yes, on November 6, 2021 the people of this important state in Igbo land will again troop out to choose who represents them at the State House of Assembly and who, specifically, occupies Government House, Awka. It will be slugged out by the known big political parties and a few others that have been angling for space in the struggle to capture the imagination and political attention and

loyalty of the Anambra electorate.

In the last elections in the state, the All Progressives Grand Alliance, (APGA), performed exceptionally in all the 21 local government areas.

The rival Peoples’ Democratic Party (PDP) which suffered considerable dislocation in the state since its major crises in 2003/2004 when a seating governor, Dr. Chris Ngige, was seized by rebels within the party, beaten up, humiliated and forced to write a letter of resignation against his wish, and kept incommunicado for a number of hours by a clique that believed that the state belonged to it.

That was, in my view, the beginning of the divorce process between this important state and the then ruling party at both the state and federal levels.

It was at this point that APGA came to the rescue through the intervention of the courts, the insistence of the leader of the party, Dim Chukwuemeka Odumegwu-Ojukwu and all those who shared his views about the state. Peter Obi became a ready ally that was easily deployed to complete the total liberation of Anambra State from the hands of dangerous predators who were bent on deeming the Light of The Nation.

Chris Ngige was lucky to have left the den of the Anambra lions alive, although seriously bruised and regrettably humiliated - but with his bloodied head unbowed.

Then began the enduring love affair between Anambra State and APGA that has lasted till this day. Since 2004 to date, this political party, one of the legacies of Ojukwu that prides itself as a worthy and tangible instrument of development left behind by “the leader”, and commonly referred to as: Nke a bu nke anyi (this one is our own), Ugwumba, (the pride of a people), etc., that has, let’s say the truth, transformed Anambra State from its former decrepit state to what it is today. The party has succeeded in giving the state a new look, a new face, redefined its destination, increased its revenue

base, created a dazzling road infrastructure that has made connection between towns and villages easy, smooth and a pleasurable ride, more than doubled school enrolment in primary, secondary and tertiary institutions, returned peace and security to a state that became, at a time, too dangerous to live in, travel to or through it; or visit for business.

The clique that held Ngige and his PDP government in the state hostage was dismantled, disabled and peacefully run out of town. Peace and progress returned to a state that has now become a reference point in the region and beyond.

But this is not to say that APGA under the leadership of Dr. Victor Ike Oye or its government led by Chief Willie Obiano has solved all the problems it inherited from and during the days of Dr. Chinwoke Mbadinuju. That would amount to making frivolous and hard-to-substantiate claim or assumption.

The November 6 governorship election in the state is going to put to severe test the enduring love affair between APGA and the people of Anambra State or witness a slight, not too significant, kiss-onthe-cheek shift to the new entrants into the political arena of the state - the Young Peoples Party (YPP), led by Senator Ifeanyi Uba and its candidate, or the Zenith Labour Party (ZLP), that is fielding Dr. Obiora Okonkwo for the governorship election.

Will it be a tough election for the dominant party in the state or will it be a sweeping victory, like happened four years ago, when APGA swept all the 21 local government councils in the state with ease and profound self-confidence? Would that level of victory happen again on November 6 or will the tide change, however, slightly this time round? Will APGA’s strong hold on the support and loyalty of Ndi-Anambra remain intact?

It remains to mention that the Chukwuma Soludo choice by APGA as its flag bearer seems to have put the other active political parties in the state into confusion, however temporary. Never mind the

avalanche of court cases that kept the leadership of the parties busy and somewhat agitated for a while.

It is only to be expected this season, and in the case of Anambra State, it is normal.

It was the season and a period when frivolous court orders are easily sourced and arranged from far away places like an unknown suburb in Jigawa State and other far-flung locations as suit the fancy of the litigants. But the prompt intervention of the Chief Justice of Nigeria in summoning six Chief Judges that judges in their states issued conflicting orders to political parties was a needful and logical step to take before the polity becomes messed up by political parties, overzealous politicians and their money-minded lawyers who would never give good legal advice became so common during this season. Also, the delay by the Independent National Electoral Commission (INEC), to put its foot down when controversies appeared to be enveloping some parties, and imposters were emerging every day in courts and on television and radio stations didn’t, in my view, help matters. In such situations, INEC should have been bold enough to show its teeth, though within the ambit of the electoral laws.

Interestingly, and at last, INEC saw reason to do the needful and restore sanity to the process. Anambra State is calm now, or so it seems and the campaigns will soon pick up with vigour and strength.

Anambra State electorate will, hopefully, troop out on November 6 to make their choices from among the array of candidates canvassing their votes.

It will, I think, be a choice between continuity and a tortuous fresh beginning.

All in all, it looks like the people of Anambra State come November 6 would prefer the lover they know to a new friend they rarely know his style or his preferences.

Esinulo is Managing Director, Korporate Image Planners, Lagos

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T H I S D AY • FRIDAY, SEPTEMBER 10, 2021

EDITORIAL

YET ANOTHER CHOLERA EPIDEMIC The authorities must do more to stem the scourge

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ecent reports that Cholera has claimed the lives of no fewer than 2,035 Nigerians within two months is another sad reminder of the deplorable state of healthcare delivery in the country.

According to the Nigeria Centre for Disease Control (NCDC), affected states include Benue, Delta, Zamfara, Gombe, Bayelsa, Kogi, Sokoto, Bauchi, Kano, Kaduna, Nasarawa, Niger, Jigawa, Yobe, Kwara, Adamawa, Katsina, Taraba and the FCT. With 58,698 suspected cases and a case fatality ratio (CFR) of 3.5 per cent in 305 local government areas in 23 states and Abuja, the authorities must intervene quickly before the situation gets out of hand.

It is sad that for more than four decades, cholera has been a recurring disease in Nigeria and has led to the death of thousands of our people, especially children. While there have been some efforts by the federal government to deal with the challenge, we have not seen THE SPREAD OF CHOLERA a corresponding BECOMES WORSE WHEN commitment from the state governTHE ENVIRONMENT IS NOT CLEAN; WHEN WATER ments where cholera SYSTEM IS NOT TREATED appears to be AND WHEN SANITATION IS ravaging citizens the most. Since the NOT TAKEN SERIOUSLY first crisis concerning the spread of the disease begins with failure to provide potable water for their people, most of the governors should be held accountable for the spread of cholera.

Against the background that cholera, which often leads to the infection of the small intestine, is mostly contracted through drinking of contaminated water and eating of waste products, it is a shame that Nigerians are still afflicted by such a disease today. But with the systemic collapse of critical institutions and basic health facilities in

many of the states, there is hardly any surprise that the country is made to spend more on the treatment of cholera rather than on its prevention.

Indeed, in many of the reported cases, it is evident that some states have abdicated their responsibilities while huge resources that should be deployed for the welfare of the people are wasted on inanities.

T T H I S DAY EDITOR SHAKA MOMODU DEPUTY EDITOR WALE OLALEYE, OBINNA CHIMA MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN MANAGING EDITOR BOLAJI ADEBIYI THE OMBUDSMAN KAYODE KOMOLAFE

T H I S DAY 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, IJEOMA NWOGWUGWU, EMMANUEL EFENI DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGED ENGBE 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

he spread of cholera becomes worse when the environment is not clean; when water system is not treated and when sanitation is not taken seriously. The sad part of it is that in many of our states, the villagers and rural dwellers are left to rely on streams and untreated water from wells as sources of drinking water. In most cases the people have to rely on stagnant water for washing their clothes and other items. There are hardly provisions for disposing waste. Therefore, since cholera is more prevalent in rural areas, the problem becomes compounded when and where there are no modern medical facilities to assist in the treatment of the disease.

We agree with the Nigerian Medical Association (NMA) president, Innocent Ujah, that cholera is a disease associated with poverty which reflects the state of our nation. “If you map the country, you’ll find out that the places where there are outbreaks of cholera are underdeveloped areas where people fetch water from dirty places and drink,” said Ujah. “Also, because of open defecation during rainy seasons, all those faeces will then be washed down into the stream and people drink from some of these streams.”

It is a shame that in this day and age, a disease like cholera is still ravaging our people. Nigerian leaders at all levels and healthcare officials must sit up to do the needful. The authorities in the states must do more in providing adequate clean water for the citizens, especially for those that are in the rural areas.

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FG, LAGOS AND THE VAT DEBATE

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t is no longer news that a Federal High Court in Port Harcourt has ruled that states, and not the Federal Inland Revenue Service (FIRS), should be collecting Value Added Tax (VAT) and Personal Income Tax. Following the milestone ruling, the Lagos state government has rightly expressed its readiness to begin the collection of VAT in accordance with the judgment. The Lagos State House of Assembly yesterday, Thursday passed the Value Added Tax Bill and transmitted to the governor Babajide Sanwo-Olu for assent.

Already, the Rivers State Governor, Nyesom Wike, had signed into law the bill that authorizes the state to collect VAT. Unsurprisingly, the FIRS, an agent of the federal government has already filed an appeal against the judgment, while some northern states had expressed their preference for the status quo to be maintained.

Justice Stephen Pam, who delivered the judgment on August 10, 2021, also restrained the FIRS and the Attorney General of the Federation (AGF) from demanding the taxes from the residents of the Rivers State, which by implication affects other states.

VAT is charged on the supply of goods and services in the country, including those imported into the country, except the goods and services specifically exempted under the VAT Act. By virtue of the Finance Act 2020, which took effect on February 1, 2020, the VAT charged on affected goods and services rose from five per cent to 7.5 per cent. Yearly, VAT contributes significantly to the total revenue generated by the government.

Until now, the FIRS had the responsibility of collecting VAT on behalf of the 36 states and the Federal Capital Territory (FCT). The sum

collected is then shared among the three tiers of government, with the federal government taking 15 per cent, the states 50 per cent and local government 35 per cent.

No doubt, the Port Harcourt judgment truly reflects true federalism and it should be celebrated by every lover of democracy. In a true federation, that is the way to go. It is really a huge leap in our pursuit of true federalism.

Looking at it from this perspective, it is, therefore, not surprising that apart from the FIRS, some states in the north have conveyed fierce opposition to the judgment, given the impact it would have on their revenue.

VAT has been a major contributor to the consolidated revenue fund.

In 2020, for example, total VAT collection was about N1.53tn, with import VAT being N348bn while foreign non-import VAT was N420bn and local VAT amounted to N763bn.

In the first quarter of 2021 alone, the National Bureau of Statistics disclosed that the country generated N496.39bn from VAT, which was an improvement on the N324.58bn it earned in the same period in 2020.

According to former Minister of Finance, Mrs. Kemi Adeosun, in August 2017, 55 per cent of the revenue generated by the federal government was from the VAT collected from Lagos State alone, while the remaining 45 per cent was generated from the remaining 35 states and the FCT. The truth is that the collection of VAT by the states is the only way to assist states that are heavily dependent on federal allocations to be able to wean themselves and meet their fiduciary obligations. So, if

there are areas where revenues can be exploited and extended, surely the state government will welcome it.

If the Lagos State government perfects its books for the VAT and followed it up by collecting the tax directly, then the state’s Internally Generated Revenue (IGR) may grow with about N400 billion yearly and the state’s annual revenue may be above N1 trillion.

A 55 per cent of the N763 billion that the federal government realised from local VAT in 2020 showed Lagos alone contributed over N400 billion as VAT last year.

In 2020, it was recorded that Lagos generated N418.99 billion as IGR and got N115.93 billion as federal allocation. So, if the state starts collecting VAT, Lagos IGR may exceed N1 trillion. Considering the huge financial outlay required by the state to constantly fix its infrastructure due to exerted pressure, Lagos surely needs every legitimate income it could get.

It is on this basis that Lagos has directed FIRS to stop issuing demand notices for payment of VAT in the state and demands that FIRS renders accounts, within seven days, of all sums it collected as VAT in 2021 in the state.

Legal practitioners have argued that the appeal by FIRS does not imply stay of action and state governments are the legal custodian of VAT until the Port Harcourt judgment is reversed by a higher court.

Besides, pooling VAT together to share among the states would continue to fuel idleness and leave the country perpetually poor. State and local governments could only be motivated to support an increase in economic activities if they take charge of the proceeds.

Tayo Ogunbiyi wrote from Alausa, Lagos

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T H I S D AY ˾ FRIDAY SEPTEMBER 10, 2021

POLITICS

Group Politics Editor NSEOBONG OKON-EKONG Email: nseobong.okonekong@thisdaylive.com 08114495324 SMS ONLY

AUTOGRAPH

The Union is Dead, Long Live the Establishment Nseobong Okon-Ekong laments the upsetting set of circumstances that Nigerian workers are perpetually confronted with

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n the two occasions that he campaigned for the office of President of Nigeria, Muhammadu Buhari made no promises to workers. If he did, it was perfunctory and lost in the cacophony of dancing and music and abuses against political opponents that usually characterise the planned riotous action to engage the voting public by political parties. Nigerian workers really have nothing to hold this administration down to. And that is a sad commentary on the state of active attention exhibited by the leadership of Nigerian workers. There is no gainsaying that the Ayuba Wabba-led Nigeria Labour Congress (NLC) is the most docile and compromised ever. It has largely failed to be watchful and prompt to meet danger or emergency. In many instances, it has not been quick to perceive and act on behalf of workers.

In matters of politics, it is not as if the NLC is totally handicapped. After all, it formed the Labour Party in 2002 as the party for social democracy. But when its seemingly brightest political prospect, Mr. Adams Oshiomhole, former President of the NLC and former Governor of Edo State turned his back against the very platform that brought him into national prominence, the stage was set for the gradual dethronement of Labour. Oshiomhole has shown himself to be the brightest bulb in the box, criticising others but lacking the capacity to stomach criticism. So far, Labour’s happiest day has been the emergence of Dr. Olusegun Mimiko as governor of Ondo State, between February 2009 and February 2017 on the ticket of the Labour Party. Like Oshiomhole before him, Mimiko was only a fair weather friend of Nigerian workers. As soon as his tenure was over, he joined the Peoples Democratic Party (PDP), but later dealt Labour its most injurious stab in the back by forming the Zenith Labour Party, another political party that shared similar ideology as the Labour Party and fished in the same pond for members.

Unfortunately, the registered political vehicle of Nigeria workers has been largely available to persons who they cannot rely on in times of difficulty.

And that is why successive administrations, since the turn of the current political dispensation have been making life harder for Nigerian workers. The abandonment of Nigerian workers is apparent as there is nobody who is ready to stand up for their cause.

While the longest general strike in Nigerian history is the 44-day strike of 1945, in which 17 labour unions and over 200,000 workers

participated, we are still counting the lost man-hour resulting from the number of staggered days of strike embarked on by various workers union since President Muhammadu Buhari assumed power.

Before this season of frequent and enduring strikes, you could predict the workers group that was most likely to down tools. Not any more! For over two months, the Judiciary Staff Union of Nigeria (JUSUN) embarked on a nationwide strike in protest of the nonimplementation of financial autonomy for the judiciary. Parliamentary staff also stayed away from work to press home demands for better conditions of service.

These were unprecedented!

Certain category of workers hitherto considered to be on essential duty including staff of electricity agencies have shut down their services at one time or another, largely due to refusal of their employers to keep their part of a bargain, which is usually the result of a long and exhaustive negotiations. The Nigerian worker has been systematically emasculated and left on his own as institutions of state come up with stiffer policies at the expense of workers.

The Buhari administration may have increased minimum wage to N30,000 per month, but increase in utility tariffs and astronomical cost of living have made nonsense of the new pay package. Many state governors have arm twisted their workers into a take-it-or-leave-it pay, lower than the national minimum or refused to pay all together.

The Buhari administration will be remembered for refusing to protect the

rights, safety and economic welfare of workers, while also preventing workers from protecting their own interest through collective bargaining, thus giving Labour and Employment Minister, Dr. Chris Ngige, a bad name.

NLC is an umbrella organisation for trade unions in Nigeria. It was founded in 1978, when the military government of the Head of State, Gen. Olusegun Obasanjo, forced a merger of four different organisations: Nigeria Trade Union Congress, NTUC; Labour Unity Front, LUF; United Labour Congress, ULC; and Nigeria Workers Council, The numerous affiliated unions were restructured into 42 industrial unions. Its founding President was Wahab Goodluck. NLC has had various clashes with the government especially on salaries, reduced subsidies and plans to deregulate some sectors of the economy. The last national strike which NLC embarked upon which crippled the nation was on January, 2, 2012 when the union joined other sociopolitical groups to protest then President Goodluck Jonathan’s decision to remove subsidy on petroleum products. The action lasted 12 days.

Workers’ rights encompass a large array of human rights from the right to decent work and freedom of association to equal opportunity and protection against discrimination. Specific rights related to the workplace include health and safety in the workplace and the right to privacy at work, amongst many others.

Nigerian labour law looks into the rights, working conditions, minimum wage, termination clauses, and many other

The Nigerian worker has been systematically emasculated and left on his own as institutions of state come up with stiffer policies at the expense of workers.The Buhari administration may have increased minimum wage to N30,000 per month, but increase in utility tariffs and astronomical cost of living have made nonsense of the new pay package. Many state governors have arm twisted their workers into a takeit-or-leave-it pay, lower than the national minimum or refused to pay all together

rules set by the government of Nigeria. The current version of the act was put into place in 2004, five years after their current constitution was established. That means there is nothing in the 1999 (as amended) that speaks to the rights of the Nigerian worker. Out of the 109 senators and 360 members of the House of Representatives, none of them has attempted to champion workers rights, largely because most of them are guilty of trampling on the rights of their employees.

In an article published on jstor.org, ‘StrikesThe Law and the Institutionalization of Labour Protest in Nigeria ‘ by A. A. Adeogun, the writer explains the workings of the Nigerian industrial relations system. According to him, it “adheres to the principle of free and voluntary collective bargaining, which implies that the right of workers to strike constitutes one of its essential elements. But the author observes that, ironically perhaps, this right is nowhere positively and expressly protected in the law. In fact, strike action by workers will be visited with severe punishment. The author suggests that if collective bargaining is to take firm root in Nigeria, the government must restrict its intervention in the field of industrial relations to one of laying down broad policy guidelines. He also counsels the unions to put their houses in order and to effectively control the activities of the militant few who succeed in stampeding the moderate majority into taking industrial actions even when the employer is genuinely anxious to reach a settlement.”

Democracy in the workplace is a mirage for the Nigerian worker. Time was when the maximum period that employers could hire on temporary basis was three months. Now, even the government itself condones casual staff, thus opening the door for scandalous period of casualization in the banking, shipping, security, oil and gas and other sectors of the economy. It is so bad that nearly half of the entire work force of an organisation may be casual staff in buccaneering system that promotes Labour contractors, who collect the maximum payment per staff supplied, but turn around to offer the most indecent pay to the hapless worker.

This is the last quarter of 2021, a year that will be noted in Nigeria, among other things for multiple disruptions in the workplace. A larger workers’ crisis is still looming large, but this can be avoided with a purposeful attempt on the part of employers-both in the private and public sector-to allow the processes that promote genuine and mutually beneficial reconciliation. The larger implications of this for our democracy is too profound to be ignored.

T H I S D AY ˾ FRIDAY SEPTEMBER 10, 2021

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PERSPECTIVE

Tribute to Chief Ekere 20 Years Since September 11 Terror: Lessons for US and Africa

Wole Arisekola, Publisher, Street Journal, highlights the life and times of the late Obong G. S. Ekere, father of His Excellency, Nsima Ekere, former Deputy Governor of Akwa Ibom

Chido Nwangwu recounts the chilling terrorists attacks on the US 20 years ago by Islamic fundamentalists, and its dastardly ripple effects across the world

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his second weekend of September 2021 is the 20th anniversary of the Tuesday, September 11, 2001 terrorist attacks on the United States by the radical Islamists Al-Qaeda.

For those who have forgotten, Osama Bin Laden, a Saudi Arabian and the late driving force for the September 11, 2001 terrorist attacks, was based, briefly, in the largely Islamic African country of Sudan before leaving in 1996, and later settled in the Islamic fundamentalist country of Afghanistan.

His primary operational base, according to unclassified records and security analyses regarding the September 11 attacks, was in Afghanistan which was under the Taliban rule at the time.

I have written substantially on this issue, over the years, therefore, I will reference some of my insights, brief historical contextualization and contemporaneous juxtaposition. Especially, with the facts of the exponential escalation of radical jihadists movements and violence and terror we see almost every other day across Nigeria and the Sahel belt of Africa.

First, 20 years ago on September 11, in New York and near Pennsylvania, almost three thousand Americans, Africans and other nationalities suffered deaths from the direct consequences of the terrorism of September11. Most of those being breadwinners for their families.Those wanton terror and wholesale visitation of murder and mayhem did not only affect Americans but persons from almost 20 countries. Before that, on August 7, 1998, the U.S Embassy in the East African country of Kenya was bombed which led to the deaths of 207 Kenyans, 12 U.S citizens and left more than 4,000 injured.

Within a minute of that sad event, a smaller terrorism blast rocked Tanzania’s capital, Dar es Salaam, killing 11 Africans.

Second, the murderous domestic excesses of these harbingers of death and purveyors of bigotry inside parts of the African continent, such as the Boko Haram, ISWAP, the herdsmen with AK-47, etc in Nigeria, seriously threaten those countries. Consequently, it is a fact beyond any media spin that the current government of President Muhammadu Buhari — like his predecessor President Goodluck Jonathan — seem incapable of securing/protecting lives and properties of Nigerians, including members of its armed forces and the police, realistically. The al-Shabab in east Africa remains an existential threat.

Third, it should be a matter of vital national duty that African governments take more decisive and no-holds-barred approach to choke off the camps and networks of

terrorism hiding under the veneer of religiosity and a concoction of bloody and assorted fanaticisms.

It is very interesting and ironical, that somehow these radicals are now turning against those who initially, allegedly, provided some support or cover for them when they started attacking other groups.

Fourth, these trouble makers and merchants of death have caused the killings of at least 10 million Africans since the end of colonialism in the early 1960s.

Fifth, my research and threats analyses of the frontline of previous and recent emanations of zealotry and religious violence show that some of the most dreaded and violent groups in Nigeria, Chad, Tanzania-Zanzibar, parts of Northern Africa and the Maghreb region, are said to have been financed from Sudan, Saudi Arabia, Libya, Yemen, Pakistan, and other “Brother Islamic countries and agencies.”

20 years ago, Jos, one of the central cities in Nigeria with a mixed population of Christians and Muslims, and size-able EuroAmerican population saw 700 persons killed, and thousands maimed and houses burnt, in a few days in September 2001.

Sixth, Africa and its governments should position their actions and policies around the paradigm that terrorism in the 21st (and in fact during the 20th century) is an issue of domestic consequence. It affects the flow of economic investments, weighing in on the measure for or against international capital, and even the value and safety of domestic/ internal business.

My point? Offering or dealing kid-gloves or looking the other way believing the terror machines will relent is wishful thinking. The US must also weigh its own policies and actions — which do not excuse but can open a window for some nut to engage in their sick pursuits of lethal zealotry.

Seventh, in this quest to make the world relatively safer, it is important to note the views of John L. Esposito, distinguished Professor of Religion and International Affairs and Director of the Center for MuslimChristian Understanding at Georgetown University, WashingtonD.C. and the author of several books on Islam, including ‘The Islamic Threat: Myth or Reality?’ who has stated that: “While some governments and experts identify Islamic fundamentalism as a major threat to the stability of their societies and to global politics, others point out that it is important to distinguish between authentic populist movements that are willing to participate within the system and rejectionists who seek to topple governments through violent revolution.”

Eight, I commend Senegal’s former President Abdoulaye Wade, a member of the Mouride Islamic sect whose wife is a French Christian as an excellent reflection that the issue in Africa cannot be that all Muslims seek for conflicts or are terrorists. No.Such reductionism is not only foolish but untenable.

Dr. Nwangwu is the Founder & Publisher of USAfrica magazine (Houston) and USAfricaonline.com, first African-owned, U.Sbased newspaper published on the internet.

He served as an adviser on Africa business to Houston’s former Mayor Lee Brown NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

P

aying tribute to a late father is like reminiscing on the good training and education he gave one. Therefore, never you wallow in grief that ‘he is no more,’ but be forever in thankfulness that he was and still remains immortal, because those we love never truly leave us. There are things death cannot touch, as the journey to the final rest of Obong (Sir.) G.S. Ekere KJW, the last generation of the Awolowo political dynasty who died at the ripe age of 90, commences.

As the church and the entire Ekere family have scheduled and prepared activities to celebrate Papa’s life on Saturday, September 11, 2021, they would be highly honoured to receive and play host to many admirers and well-wishers during the obsequies, because Papa Ekere lived a very fulfilled life even as a nonagenarian.

Papa celebrated his last birthday on November 3, 2020, surrounded by his wife, eight children, 22 grandchildren, two great-grandchildren, and a host of friends and associates who will all miss him dearly.

I met Papa five years ago in the house of one of his sons, His Excellency, Chief Nsima U Ekere, former deputy governor of Akwa Ibom state and former MD, NDDC in Port Harcourt. My encounter with him was more of a valuable experience between a father and his son. Papa took me back to the politics of the then Wild, Wild West and how Nigeria and Nigerians missed it by not allowing the late sage, Chief Obafemi Awolowo to rule the country.

Papa G.S. Ekere was an encyclopedia of knowledge and an emeritus Professor of History and International Relations. He was so knowledgeable to the extent that I asked him if he was a teacher of History, because he spoke good and polished English to merit this.

Papa knew nearly all the astute politicians in the West. He asked me if late Papa Adesanya was still alive, and I answered in the negative. The Yoruba politics would have been more compact than how it is

now. He spoke well about Chief Olusegun Osoba, Asiwaju Ahmed Tinubu, Chief Bisi Akande and all the progressive elements in the South West.

Sir (Obong) G.S Ekere lived a courageous, graceful and impactful life. He had a distinguished career spanning more than five decades as a school teacher, sports administrator, public servant, opinion/community and church leader in all its ramifications.

In his utmost and genuine curiosity, he wanted to know whether I was a contractor or a general businessman, because my surname is very prominent in the world of successful businessmen in Nigeria. I told him journalism and businesses are my professions. As fate will have it, I was part of the media team of His Excellency, Godswill Akpabio between 2018 and 2019, where I had enough opportunity to work closely with H.E Nsima Ekere, the then APC gubernatorial candidate in Akwa Ibom State.

I told Papa that I was in Port Harcourt to see my brother and dependable, loyal partner, Moljengo Kaltungo, a Director at NDDC. Sir G.S. Ekere was not just a father to his children but a father to all of us. He was a mentor, advisor, and strongest supporter to an uncountable number of people. He invested his energy, love, and resources to build people and the community. His life was a good book and through it, many people learned the values of integrity, accountability, service to God, humanity, and a total and unflinching commitment to the common good of all around him.

Papa left rich legacies that will serve as a bed rock for all of us that a good name is better than gold or silver and that we must learn to grow with the people around us. That’s the trait and hallmark of selfless leaders.

As we greet our elders in the Southwest region of Nigeria, ‘Omo rere lo ma gbeyin awa na oo.’ Amin O. -Mogaji Wole Arisekola writes from Ibadan

T H I S D AY ˾ FRIDAY SEPTEMBER 10, 2021

20

PERSPECTIVE

Time to Inaugurate NDDC Board, Prosecute Persons Indicted by Audit After nearly two years of waiting by eager Niger Deltans, the much-trumpeted forensic audit report of NDDC was last week submitted by Minister of Niger Delta Affairs, Senator Akpabio to President Buhari.

Kaniye Amakiri urge the Federal Government to release the forensic audit report to the Nigerian public, commence the prosecution of any persons indicted, while President Buhari should not be endlessly obsessed with the past by complying with the NDDC Act and fulfill his promise by inaugurating the Governing Board of the Commission to ensure accountability, checks and balances, probity and equitable representation of the nine constituent states of the Niger Delta region

T

he submission of the report of the forensic audit of the Niger Delta Development Commission (NDDC) to President Muhammadu Buhari after almost two years should mark the end of the delays, manipulations and hijacking of the NDDC by vested interests.

We recall that President Buhari and other officials of the administration had stated that the audit report will help in the recovery of looted funds from corrupt past NDDC officers, indicted government officials and fraudulent contractors, while the Governing Board will be inaugurated to manage the NDDC in accordance with the law setting up the Commission - the NDDC Act. The president, specifically on the 24th day of June 2021, while receiving the Ijaw National Congress at the State House in Abuja, had promised that the NDDC Board would be inaugurated as soon as the forensic audit report is submitted.

The President said: ‘‘Based on the mismanagement that had previously bedeviled the NDDC, a forensic audit was set up and the result is expected by the end of July, 2021. I want to assure you that as soon as the forensic audit report is submitted and accepted, the NDDC Board will be inaugurated.”

Accordingly, there is no reason to delay the immediate inauguration of the Governing Board of the NDDC any further.

In the last two years, Niger Delta Affairs Minister Chief Godswill Akpabio, who has supervised the NDDC and the forensic audit, has turned the NDDC into his personal estate where he has brought in his friends and acolytes as sole administrators under the guise of conducting an audit, while at the same time utilising the huge funds which have accrued to the Commission in the last two years with no meaningful infrastructural projects in the region to show for it. Yet, the last two years have witnessed some of the most brazen incidences of corruption, fraud, financial recklessness, extra-budgetary spending and gross mismanagement of over N400 billion which have come into the NDDC during the period, with nothing to show for it. To assuage the discomfort and opposition of the Niger Delta people to his shenanigans at the NDDC, Akpabio had promised to comply with the NDDC Act by ensuring that the Governing Board is inaugurated as soon as the forensic report is submitted. All the while, however, it was obvious that the minister was working towards an arrangement that would continue to give him a hold on the agency and the huge funds which continue to accrue to the NDDC from the Federal Government and the Oil Companies on a monthly basis.

Though the details of the “forensic audit report” have not been officially released by the Federal Government, it is clear that under Akpabio’s watch the so-called forensic auditors went beyond their brief to call for actions that can only be designed to benefit the minister but in the end will be detrimental to the development, harmony and peace of the people of the nine NDDC states. One such recommenda-

tion, it has been reported, is that the membership of the Governing Board of the NDDC be reduced from the current number. The other recommendation that the Board be on part-time basis is needless because that is the position of the current NDDC Act as can be clearly seen in Section 2 (3) of the Act. We want to draw the attention of the president and the federal government to the danger in tinkering with the Board membership as currently provided for. Under the current NDDC Act, each of the nine oil producing states has a representative on the board and are all on part time basis as clearly indicated in Section 2(3) of the NDDC Act. In addition, there is one representative for all oil producing companies in the country and one person each from each non-oil-producing geopoliti-

cal zone. All the members of the Board listed above are on part time basis as clearly stated in the Section 2(3) of the NDDC Act. The only full time members of the Board as clearly stipulated in the NDDC Act are three - the Managing Director and two Executive Directors - who are responsible for the day-to-day administration of the Commission.

It is apposite to remind us that the North East Development Commission Act is patterned after the NDDC Act, with board membership drawn from each state of the North East Region as well one member each from each of other geopolitical regions in Nigeria together with other stakeholder representations.

Similarly, all Board members aside from the Managing Director and the three Executive Directors are on part time basis in line with the North East Development Commis-

There is no doubt in our minds that the unsolicited recommendation to reduce the size of the NDDC Board is a red herring by Akpabio to attempt to initiate a long process of a needless amendment of the NDDC Act to give him more time to continue his hijacking of the Commission and its funds using illegal sole administrator/interim committees in breach of the NDDC Act

sion Act which was patterned after the NDDC Act. It is sad that while the North East Development Commission has been allowed to function with its duly constituted Board in place ensuring proper Corporate Governance, accountability, checks and balances and fair representation of its constituent states, the NDDC has been run arbitrarily in the last two years by Interim committees/Sole Administrator in breach of the NDDC Act even after the President Buhari had appointed a Board for the NDDC which was duly confirmed by the Nigerian Senate on November 5, 2019. That Confirmed Board was asked to be on standby for inauguration after the forensic audit.

There is no doubt in our minds that the unsolicited recommendation to reduce the size of the NDDC Board is a red herring by Akpabio to attempt to initiate a long process of a needless amendment of the NDDC Act to give him more time to continue his hijacking of the Commission and its funds using illegal sole administrator/interim committees in breach of the NDDC Act. It is imperative that President Buhari sticks to the original purpose of the forensic audit, which is to identify the projects embarked on, the application of funds, to mete out appropriate punishment and recovery of looted funds.

In misdirecting the audit, Akpabio has confirmed the fears of the statesmen and people of the Niger Delta states that he had a sinister agenda all along.

Various organizations had raised the conflict of interest in Akpabio supervising the NDDC and the forensic audit because of his central role in all the negative happenings in the NDDC while he was Governor of Akwa Ibom State (2007 to 2015) during which time he got one of his commissioners appointed as Managing Director, another of his nominee as Chairman and another as State Representative on the Board. Even the current sole administrator of the NDDC Effiong Okon Akwa was Akpabio’s aide in Akwa Ibom State whom he later deployed as special assistant to a former NDDC MD nominated by Akpabio - Mr Dan Abia who was in office as MD of NDDC between 2013 and 2015, a period supposedly under the coverage of Akpabio’s Forensic Audit!

We call on the Federal Government to release the forensic audit report which Akpabio has submitted to the Nigerian public and commence the prosecution of any persons indicted.

President Buhari should not give the impression that an endless obsession with the past is what the people of the Niger Delta States will be treated to in his administration. The President should go after those who have been credibly indicted with mismanagement of the resources of the NDDC, including any persons currently in government, but he should now also comply with the NDDC Act and fulfill his promise by inaugurating the Governing Board of the Commission to ensure accountability, checks and balances, probity and equitable representation of the nine constituent states of the Niger Delta Region.

- Amakiri is National Chairman of Niger Delta Progressives Network

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T H I S D AY ˾ FRIDAY, SEPTEMBER 10, 2021

BUSINESSWORLD R A T E S MONEY MARKET

A S

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

08056356325

S E P T E M B E R

S & P INDEX

9 , 2 0 2 1

S & P INDEX

EXCHANGE RATE

OBB

8.83%

CALL

4%

INDEX LEVEL

567.15%

1/4 TO DATE

6.41%

N411.50/ 1 US DOLLAR*

OVERNIGHT

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6%

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YEAR TO DATE

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3-MONTH

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Experts: Improved Infrastructure Will Boost Aviation Sector, Increase Transport Industry Contribution to GDP

Chinedu Eze Aviation stakeholders and experts have called for continued investment in infrastructure to sustain the growing contribution of the sector to the nation’s Gross Domestic Product (GDP).

The transport industry contribution to the nation’s Gross Domestic Product in the second quarter of 2021 is less than its contribution in the first quarter, but aviation stakeholders said the aviation sub-sector made greater contribution than in the previous years and attributed the development to improved infrastructure and growing

passenger traffic.

The National Bureau of Statistics (NBS) stated in its latest report that GDP from transport in Nigeria decreased in the second quarter of 2021 as against its contribution in the first quarter of 2021.

In September last year, the NBS had disclosed in its Gross Domestic Product report that air transport contracted by 57.38 per cent in Q2 2020 from 5.68 per cent in Q1 2020 and 12.31 per cent in Q2 2019.

The Managing Director of the Nigerian Airspace Management Agency (NAMA) Captain Fola Akinkuotu, quoting the Minister of Aviation, Senator Hadi Sirika

in a chat with THISDAY said the aviation industry is currently contributing more to GDP than in the past.

Akinkuotu noted that the sector has done so well so far, despite the devastating impact of Covid-19.

He said that although the overall contribution of the transport industry decreased but aviation singularly contributed more because there has been progressive improvement in the air transport sector.

“Obviously there has been tremendous growth. A mere, look around and you see how many ILS (instrument landing systems) we have installed at the

airports. We have even installed the advanced Category 3 ILS at Abuja and Lagos airports and we have three additional ones that are coming this year. The cost of ILS category 3 is not chicken change. It is huge.

“The cost of radio communication system installed in NAMA is a great investment.

The federal government has spent billion of naira. He said contrary to observations that air transport was bigger in the past because there were more airlines; there are more aircraft capacity currently, although there are fewer airlines, “he said.

“We are growing. Don’t let us

count the airlines, but count the aircraft. Because you can have one major airline and have 100 airplanes, would you say we have not grown? You cannot say we have not grown. Pre-COVID-19, there was a time Arik Air had about over 30 airplanes. When Nigeria Airways was king, it had just about 30 airplanes too. So here you have one airline having over 30 airplanes, which is equal to what Nigeria Airways had. At that same time you have Aero Contractors, Chanchangi, Azman Air, Medview Airlines. But then when some of these airlines dropped out of the picture, Air Peace came and Air Peace pre-COVID had over 30

airplanes.

“The available aircraft have increased, so there is growth and available figures, even as quoted many times by the Minister, shows that there is increase in what aviation is making to the GDP. A lot of people are traveling by air now because they feel safer flying it and they see the advantage of flying. So, the question or the issue you are trying to raise is how come when we had 20 airlines we didn’t have higher number of aircraft, but we have 16 airlines but the number of aircraft and available seats has increased,” he said.

Continued on page 22

NIMASA Automates Ship Registration Verification, Begins Enforcement of Marine Environment Protection Regulations Eromosele Abiodun The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced the electronic verification of the new Ship Registry Certificates introduced July 1, 2021.

In a statement, NIMASA said the new Ship Registry Certificates now have QR Codes (Quick Response Codes) embedded in them to enable Ship-owners, Stakeholders

and Regulatory Agency’s Enforcement officers verify the validity of the certificates.

The agency, said it has also commenced enforcement of full compliance with the marine environment protection statutory requirements and documentation on Nigerian and foreign flagged vessels operating within the country’s maritime domain.

“All ship-owners and operators are now required by law to update their vessel

documentations, which include all permits or exemptions, levies, record books and plan approvals. This is also a pre-condition for further processing of any vessel or company requests with the agency, “NIMASA said.

NIMASA added that it would mete out sanctions to operators who fail to comply with the relevant requirements.

It added, “The new move is pursuant to the agency’s statutory mandate to implement

all provisions applicable to marine environment protection and documentation as enshrined in the International Convention for the Prevention of Pollution from Ships (MARPOL), 1973; the Merchant Shipping Act, 2007; and the NIMASA Act 2007.”

Director General of NIMASA, Dr. Bashir Jamoh was quoted to have said that effective application of environmental protection regulations in the maritime domain was crucial to

the country’s quest for economic development.

Jamoh stressed the agency’s interest in bringing relevant stakeholders on board to facilitate a sound and seamless certification and marine environment protection regime.

The Director General stated, “We are deliberate, methodical, and strategic in the enforcement of the environmental protection requirements as they relate to our own laws and international regulations that we accede to.

“A well protected marine environment guarantees investors’ confidence, which is a basic necessity for the maximisation and optimisation of our rich maritime endowments. This touches directly on the country’s economic diversification and sustainable development drive.”

He added, “We are enthroning a sound and sustainable marine environment Continued on page 22

M A R K E T D ATA A S AT T H U R S D AY, S E P T E M B E R 9 , 2 0 2 1 FGN BONDS DESCRIPTION 11.150 FGNSB 11-SEP-2021 12.364 FGNSB 12-SEP-2021 12.175 FGNSB 10-OCT-2021 11.244 FGNSB 16-OCT-2021 10.296 FGNSB 13-NOV-2021

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100.05

2.77

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NTB 16-Sep-21

2.81

2.81

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100.08

2.78

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NTB 30-Sep-21

2.94

2.95

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100.76

3.07

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NTB 14-Oct-21

3.08

3.09

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100.81

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NTB 28-Oct-21

3.21

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NTB 11-Nov-21

3.35

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Contract

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NGUS SEP 29 2021 420.93

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NGUS OCT 27 2021 422.38

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NGUS NOV 24 2021 423.83

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NGUS DEC 29 2021 425.28

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NGUS JAN 26 2022 426.73

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MTNN CP III 20SEP-21 MREP CP XXXIX 20-SEP-21 CMBL CP XV 11-OCT-21 UBNP CP VIII 18-OCT-21 CMBL CP XII 31-OCT-21

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FRIDAY, SEPTEMBER 10, ͰͮͰͯ ˾ T H I S D AY

BUSINESSWORLD

NEWS

L-R: Divisional CEO, ipNX Business, Segun Okuneye; Divisional CEO, ipNX Infrastructure, Uche Nnakenyi; and wife of the Publisher/CEO Marketing Edge, Olubunmi Ajayi, presenting the Most Outstanding Information and Communications Technology company of the decade Award to the ipNX team at the Marketing Edge 2021 Award ceremony in Lagos… recently

Customs Agents: N3.1bn NCS E-customs Project is Avoidable Duplication Eromosele Abiodun Licensed customs agents in the country have kicked against the Nigeria Customs Service (NCS) N3.1 billion E-customs project, describing it as avoidable duplication.

President of National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), the umbrella body of customs agents in Nigeria, Lucky Amiwero said the N3.1b

customs modernisation project is unnecessary.

Speaking to journalists in Lagos, Amiwero said the Nigeria Customs Service is presently operating an e-customs model powered by Webb Fontaine and that the approval for another one is not necessary According to him, all that is needed is an upgrade of the existing platform being used by the NCS to meet the demands and expectations of trade.

He added that customs processes in Nigeria have since migrated from manual to electronic and that the expected e-customs or modernisation project won’t be different from what is on ground.

“What we call E-Customs is what we have in Webb Fontaine. I was actually the person that wrote to the government before all of these things came to materialise. In 2001 I put up a write up about

something, which I don’t want to mention, it was the model that the federal government changed to set up the whole thing. So what Customs is doing and what Webb Fontaine has is E-Customs. If government is talking about another E-Customs project, then they don’t know what it means, “he said.

He added, “It is simply electronically transferred transactions. Is that not what

Webb Fontaine is doing? Central Bank is doing E-banking and Customs is doing E-Customs.

There was a time Customs processes were manual and you had to carry things from shipping companies to terminal, etc., but now all those things are gone.

“So what you have on ground is already E-Customs, and no need to duplicate it.

Webb Fontaine should have handed everything over to

Customs. For now we don’t have scanners, they are all dead.

But you still have a platform that is still working, so what they should have done is to audit that platform. It was done I think in 2008 or 2009; and it was supposed to be re-audited before and transferred.

“Those are the issues that are on ground and they are the tools and instruments you need to make your ports efficient, “he said.

Container Lines Record Staggering $28.6bn in Profits in Q2 Eromosele Abiodun with agency reports A report by the McCown Container Results Observer has revealed that 11 container lines that publicly report results made profits of $18.44billion.

The 11 lines represent 64.5 per cent of the sector in teu capacity and based on the assumption

Group Business Editor Eromosele Abiodun Comms/e-Business Editor Emma Okonji Aviation Editor Chinedu Eze Asst. Editor, Money Market Nume Ekeghe Senior Correspondent Raheem Akingbolu (Advertising) Correspondents James Emejo (Finance) Ebere Nwoji (Insurance) Chineme Okafo (Energy) Emmanuel Addeh (Energy) Reporters Nosa Alekhuogie (ICT) Peter Uzoho (Energy) Ugo Aliogo (Development)

that the lines, which do not publicly report had similar per teu results the total profit for the sector in Q2 2021 was $28.6 billion.

The “amazing” second quarter 2021 profitability compares to $2.2billion in the same quarter in 2020, which was in line with historical averages.

The second quarter profit eclipses the already record breaking first quarter of 2021 profit of $19.1bn by some $9.5 billion. In the final quarter of 2020 container shipping made a $9.1 billion profit.

“By any and all financials, the 2Q21 results were by far the best actual quarterly performance by the container shipping industry in its history,”

the report published by Blue Alpha Capital said.

Revenues for the sector in the second quarter were $88.9bn equating to net margin of 32.1 per cent. “I never actually expected to see an actual net income to revenue margin of 32.1 per cent for any major container shipping company, let alone for the entire industry,” John D. McCown, the founder of Blue Alpha Capital said.

Placing the staggering Q2 2021 results in some historical perspective McCown noted that it was only the fourth quarter of last year that cumulative five-year sector result went into positive territory.

Over the last 22 quarters the net container shipping sector

result stands at $54.9 billion, on estimated revenues of $1.4 trillion, generating a net income margin of less than 4 per cent over the period as a whole.

In a related development, long-term container contract rates jump a record 28.1 per cent in July Last month saw a 28.1 per cent rise in long-term contracted container shipping rates, the largest ever monthly increase according to Xeneta.

Xeneta’s latest XSI Long-Term Public Indices, which uses crowd-sourced data shippers, rose 28.1 per cent in July, by far the biggest monthly rise the index has ever seen, the previous highest monthly rise being 11.3 per cent in May this year. The

index is up 76.4 per cent this year, and the July number is 78.2 per cent higher than the same month a year earlier.

“This is a truly breath-taking development,” comments Patrik Berglund, CEO of Xeneta.

“We’ve seen a combination of high demand, under capacity and supply chain disruption (in part down to Covid and port congestion) driving rates ever higher this year, but nobody could have anticipated a hike of this magnitude. The industry is in overdrive.”

The sharp rise in long term rates followed even steeper rises in spot container rates.

For European imports spot rates jumped a massive 49.1 per cent in July, to over $13,000 per feu

for Freight All Kinds (FAK), and up 120.3 per cent year-on-year.

For Asia export rates on the XSI were up 24.2 per cent in July, and 110.4 per cent yearon-year. For US imports July saw a 17.7 per cent surge in spot rates, up 61.2 per cent over July last year.

Berglund said that shippers reported lines were largely longterm contracts. “However, bear in mind that volume flexibility is totally gone, with shippers committing to maximum quantities to secure positions onboard. Furthermore, all around the world, but especially in the US, shippers are playing safe and building buffer agreements to ensure they’re covered for the holiday season,” he said.

NIMASA AUTOMATES SHIP REGISTRATION VERIFICATION, BEGINS ENFORCEMENT OF MARINE ENVIRONMENT PROTECTION REGULATIONS protection system that serves the interests of both the country and the operators. And necessary steps have been taken to ensure we have stakeholders on the same page.”

On the electronic verification of

certificates, Dr. Jamoh said, “The Agency has adopted technology to guarantee more security for our documents and give stakeholders and the international shipping community greater confidence in our services.”

On her part, the Registrar of Ships, Mrs Nneka Obiayor, said security and business facilitation were the chief considerations in the introduction of the electronic verification of new Ship Registry Certificates.

According to Obiayor, “Safety and security of ships as well as ease of doing business are of uppermost priority in the design and implementation of the electronic verification of our newly-introduced Ship Registry

Certificates.

“With a blend of technology and creativity, we have introduced new features intended to make our ship registration certificates more secure and easier to process.”

EXPERTS: IMPROVED INFRASTRUCTURE WILL BOOSTAVIATION SECTOR, INCREASETRANSPORTINDUSTRY CONTRIBUTIONTO GDP The Managing Director of NAMA said the federal government has done so much to revamp facilities in the aviation industry, recalling that since 2017 government has replaced at least

seven instrument landing systems (ILS).

“In addition to the ones that existed we brought in new ones and we really went one step further in putting ILS category

3 in two airports – Abuja and Lagos. And we are bringing in another three ILSs category 3s into the system to replace the existing category 2s. A brand new ILS category 3

in Abuja, new ILS in Kano, new ILS in Kaduna, new ILS in Benin, new ILS in Enugu.

And in terms of radio, we have brought in radios into Lagos, Kano; into many,

many stations. And presently we are making efforts to complete the AIS (Aeronautical Information Service) and the VSAT programme across the country,” Akinkuotu added.

23

T H I S D AY ˾ FRIDAY, SEPTEMBER 10, 2021

BUSINESSWORLD

ANALYSIS

Encouraging Beekeepers to Harness Multi-billion Dollar Industry The global honey industry is estimated at $10bn, an industry that Nigeria can harness by empowering traditional bee keepers in the country. Oluchi Chibuzor reports that such intervention will undoubtedly denote the Federal Government’s backward integration initiatives

I

n spite of Nigeria’s lukewarm attitude, beekeeping has emerged a multibillion global industry that is offering invaluable benefits to the health of humanity. The industry is important in terms of food security, poverty reduction, health, environmental protection and plant pollination. Indeed, the global market demand for honey and other hive products has increased tremendously in recent decades since discovery of its importance in a wide variety of uses and applications.

Last year, the global honey market size was valued at $9.21 billion and is projected to grow at a compound annual growth rate (CAGR) of 8.2 percent with demand for nutritious food products, such as honey, on account of growing awareness about the benefits of maintaining a healthy lifestyle.

Honey is an excellent source of numerous nutritional ingredients, including vitamins, minerals, calcium, and antioxidants and has been noted to possess several medicinal properties that can help improve metabolic activities, maintain blood pressure levels, reduce the risk of diabetes, and can even heal burn wounds.

Thus, honey is widely used in many applications apart from food & beverages, such as cosmetics and pharmaceuticals, which have been highlighted as major co-drivers market growth.

According to an India and US based market research firm, Grand View Research, the production and supply of honey depends on a country’s climatic conditions; hence a number of regions, such as North and South America, Asia, and Europe hold the majority of production.

According to Grandview Research, China has emerged as a key exporter of honey to Europe and North America in the past few years, while Europe accounted for the largest market share of more than 34 percent in 2020.

The research noted that Europe is majorly self-sufficient as almost 60 percent of the honey consumed in the region is produced within the continent, according to the European Commission’s statistics for 2020. In addition, major players in the region invest significant amounts in maintaining their production and supply chain.

Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 as the presence of a large number of honey producers in some of its emerging countries, such as China and India, is expected to remain a favorable factor for the region’s growth.

Meanwhile, for Africa, honey remains a neglected industry as most of its production is consumed locally.

Several countries in the continent, including Ethiopia, Tanzania, Angola, Kenya, Central Africa Republic, Mali, Algeria, Morocco, Rwanda, Cameron, Senegal, Madagascar, Egypt, and Zambia are known as natural honey producers.

For Nigeria, production has always been export-driven for professional beekeepers, while producers from rural communities control the domestic market, along with some foreign products.

Another factor affecting the industry in Nigeria is lack of proper record keeping in determining the national production figure for the country.

In 2018, Mr. Dauda Abbas, the official in-charge of Apiculture at Audu Bako College of Agriculture, Kano State, said the current production of honey liquid in Nigeria was two million metric tons but the expected production could be over 20 million tons.

With the right investment the sector has the potential to meet the demands of the local market and has direct benefits to pharmaceutical companies, as well as the food and beverage segments.

While the importance of investment cannot be overemphasized, the development of the honey market in the country mirrors many other agricultural markets, where inefficient skills development, knowledge sharing and technological development are hindering growth of the sector, rather than access to finance.

With the varroa mite ravaging bees all over the world, Nigerian bees are known to be resistant to the varroa mite, which is an advantage to the country.

Speaking to our reporter in Owerri, a professional Apiculturist and the CEO of Apifloral Resources, Mr. Emmanuel Ubah, said Africa remains the only place where you can produce bees without using Amitraz, a chemical used in the beekeeping business.

“The chemical is used to suppress the growth of that varroa mite. It is a mite that transfers about eighteen viruses to the honeybees. It is here in our bee colonies but they do not harm our bees.

It does not affect them. If you go to Israel, you cannot talk about bee production without using chemicals.”

He noted that it was because “Nigerian bees have a particular genetic quality to survive wherever there is a problem; they leave that environment to another place and begin afresh. But for the foreign bees, if there is a problem, they do not move, they die there with it.

“We ought to take the advantage of these characteristics which make our honey the best in the international market. It is only in Africa that you will see indigenous bees surviving without medicine,” he noted.

Nigeria’s Honey Industry Potential Bee farming in the country is majorly characterized as underdeveloped with active players found mostly in the rural areas.

With Nigeria’s domestic consumption rate of honey not specific, figures from the National Apiculture Programme put the figure at 380,000 tonnes in 2017, with a global price of about $4.5 billion, while Ubah puts the figure at 440,000 tons per annum.

However, the figures are not to be compared to Nigeria’s annual import bill of €1.84 billion worth of honey, as stated by Mr. David Musa, general manager of Barg Natural Honey, Nigeria and consultant to the United States Agency for International Development.

Underscoring the importance of the industry, at World Bee Conference organised by the Nigeria-USA Chamber of Commerce in Cleveland, Ohio, the Consul-General of Nigeria in New York, Ambassador Lot Egopija, described bee farming as an untapped gold mine in Nigeria capable of generating more than $10 billion in annual revenue for the nation fragile economy.

Egopija explained that a barrel of honey cost more than a barrel of crude oil, which is currently Nigeria’s black gold.

He noted that, “Bee farming is an untapped gold mine in Nigeria as a barrel of honey costs more than a barrel of crude oil. It is estimated that the industry can generate over ten billion dollars annually.

“In addition to honey, bee farming yields byproducts such as beeswax, bee venom, and propolis that have industrial use in the pharmaceutical, food and beverage industries. Research has shown that quality bee farming is viable in the rural areas of at least eight states across Nigeria,’’ he said.

Despite its import substitution abilities, its operation has been plagued by such factors like insect pests, diseases and pesticides poisoning, which experts said were responsible for the annual decline in honey bee colony establishment.

Also, in a study titled, ‘Challenges Associated with the Honey Bee (Apis Mellifera Adansonii) Colonies Establishment in South Western Nigeria’, by Akinwande Kayode and others, of the department of Zoology, University of Lagos, beekeeping has been part of the normal traditional agricultural enterprise of the Oyos in Okeogun and Tivs in Benue.

The study noted that honey production has always been on the decline and never satisfies local demand as bees’ behaviour such as regular absconding and aggressiveness has contributed to low colony establishment and many people find it difficult to work with the bees or study them or rear the queens because they attack readily.

National Apiculture Programme Despite the Executive order NO.002 of 2017 on the Ease of Doing Business to remove the bottlenecks inhibiting investment in Nigeria, the National Apiculture Programme, has not met its objective since the establishment by the then Minister of Agriculture, Audu Ogbeh.

But having hosted the largest Africa Apiculture Trade in 2018, which in some quarters the Ministry of Agriculture paid $5,000 to secure the bidding

right in an effort to create the needed awareness for the industry, the sector has not witnessed a quantum leap to meet its expectation in terms of increase in production and supply and a reduction in price.

In addition, bee farming activities are currently in the rural areas as farmers still engage in crude ways of harvesting product through application of smokes and pesticides to disperse the bees.

Speaking at a national training on honey production, bee health and pollination, the director, Department of Veterinary & Pest Control Services, FMARD at the Africa Union Inter African Bureau for Animal Resources (AU-IBAR), Gideon Mshelbwala, had noted that the honey industry in Nigeria is very profitable with great potential that could be leveraged as the country strives to move away from a mono oil economy to a non-oil economy.

But unfortunately, he said the “sector still remains widely untapped as most beekeepers in the rural areas still use outdated techniques in production”, as the primary interest and product of the industry is liquid honey which accounts for about 95 percent of the resources.

According to him, “Apart from inadequate or poor infrastructure, such as roads and access to farm input, most bee farmers cannot access inputs, rural services and extension information to take advantage of its growing demand. There is also an absence of coordination in the form of farmer’s cooperatives to achieve scale,” he stated.

Unethical Beekeeping Production Methods According to Ubah, the honey in Nigeria are majorly sourced from the traditional bee keepers and they often use fire to harvest the honey, and “in that process the quality of the honey is diminished.”

But as modern beekeepers, he stressed the importance of using an instrument called “The smoker” to obtain quality honey.

“We have not been able to produce enough for the entire population of this country. Nigeria consumes about 440,000 tons of honey per annum and we produce just ten percent.

“The gap is so much. The major problem we have in Nigeria is that people don’t even know modern techniques in beekeeping. Some people don’t even believe you can keep bees and produce honey.

The Hebrew University trained expert, who has spent much of his time on extension and training programmes, noted that “we train people and expose them to several opportunities in beekeeping.

“And in Nigeria today, I don’t think there’s an institution that offers beekeeping as a course. In Israel, Hebrew University offers it as a course from first degree to PhD. It is the only university of Dan salaam in Tanzania that offers it from first degree to PhD.” NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

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BUSINESSWORLD

AIR WATCH

Firm Kicks off Training for Anambra International Airport Personnel Rebecca Ejifoma The Anambra State government through Eastwing Aviation has kicked off the training of potential staff of the state international cargo airport.

Eastwing Aviation Training Limited, a reputable aviation training organisation in Enugu, is in partnership with the UK-based Air service Training organisation and the Nigerian College of Aviation Technology (NCAT) Zaria.

In a statement, the CEO of Eastwing Aviation Training, Dr. Edeh Christopher, commended the State Governor, Willie Obiano and citizens of

Anambra State for the successful completion of the cargo airport and the opportunity given to his school to train all the staff.

He described the aviation industry as a chain with many links, adding that each link is important that it must be very strong, reliable and no link in that chain should be compromised for any reason.

“The only way to achieve that is through a high standard of training to the level acceptable to the international civil aviation organisation and the national regulatory body, NCAA and that is what Eastwing Aviation is here to deliver,” Christopher said.

Eastwing CEO explained that the company’s services comprise aviation management, airport operations and facilitation training, human resources management training, airside operations safety compliance training, strategic management and etiquettes in civil aviation training, workshops and seminars.

And with a team of aviation professionals, the CEO assured newsmen that their job is to improve efficiency, productivity - both in the private and public sectors particularly in the aviation industry.

NIMET’s Plan to Commercialise Services

FAAN Boss: Air Transport Thrives on Time, Safety Chinedu Eze Managing Director of Federal Airports Authority of Nigeria (FAAN), Captain Rabiu Hamisu Yadudu has said that air transport is a preferred means of transport because it is the fastest mean to get from place to place and it remains the safest in the world.

Yadudu said safety is what provides confidence for people to use aviation services, stressing that without safety at almost 100 per cent; there would be no confidence and thus no aviation.

He made this known against the backdrop of the upcoming safety week scheduled to kick off September 28, 2021 with theme, “Training, the key to resuming activities,” stating that there are various activities earmarked to showcase the importance of safety.

Yadudu who spoke on the silent but salient role of safety explained to reporters that safety cuts across all facets of aviation business from airlines to airport companies, fuelers, ground handlers, flight dispatchers, pilots and the entire eco-system in the aviation community.

“Safety week is something celebrated world over to draw more awareness and understanding and support. If you are not aware of something, you won’t understand it and if you don’t understand it you wouldn’t give it support or cooperation. So it’s to draw awareness, understanding and support towards the course of

safety.

“Safety is very silent, there are things that you see physically that will draw attention but safety is something you will not know is missing till things happen.

“Aviation is a very delicate business, if there is no safety, nobody will fly. Safety means delivery almost 100% all the time because at 90% no one will fly. If you know 90% you’d be going home and 10% you wouldn’t, no one will fly. So it has to approach 100% because without safety, no confidence and without confidence no flying.

“There must be confidence that aviation can take you from home to your business that gives you the confidence to fly. That confidence allows all of us to be here as aviators from airlines to airports companies to fuellers and ground handlers, everybody.

It is everybody’s responsibility especially the media,” he said.

Also speaking on safety, General Manager, Safety, FAAN, Nath McAbraham-Inajoh, IAP highlight the format the week would go and the innovations introduced to spread the word about safety stressing that stakeholder collaboration is key to this year’s celebration.

Mr. Inajoh said,” The new thing we’re going to be bringing in is the fact that, for the first time, safety week will hold simultaneously across the country. Before now, individual airports chose when to observe it. But on the recommendation Airports Council International

(ACI), it suggested that the week should hold in September, across Africa. So FAAN has keyed into that but we’re allowed to the week in September. So we’ve chosen the last week in September.

So when you take off at any airport in the country during the week’s observance you’ll see some safety activities taking place.”

He went on, “I’ll like to emphasize stakeholders’ collaboration. So in all the airports, we will hold stakeholders’ meetings with our neighbours in each of the airports. We will engage them.

We will highlight issues such as airport encroachment, incursion and some environmental activities that attract wildlife.

For instance, agriculture, waste disposal which could attract birds around the airport would be discussed with our neighbours, Inajoh said.

“You hear what the MD just said, people jump the fence to access the airport and still have audacity to challenge FAAN security. These elements and similar others we would like to meet. We want them to understand that FAAN IS their friend. We want them to know that as the airport grows, aviation grows, and we can employ their youth and some FAAN businesses could even spillover to their communities. So, stakeholders engagement is fundamental to us during the safety week.”

Emirates Airlifted 15.8mn Passengers in 2020 Middle East mega carrier, Emirates announced that it handled nearly 1.2 million customers at its hub, compared to 402,000 customers during the same period in 2020, highlighting the safe and smooth resumption of international travel to and through Dubai.

In fact, in 2020, Emirates was the largest international airline carrying over 15.8 million passengers, according to IATA’s latest World Air Transport Statistics 2021.

The airline said since Dubai re-opened to international visitors, Emirates has gradually restored its network and flight schedules from just a handful of cities in July 2020 to over 120

destinations today, with more flights to be layered onto over 20 Emirates routes by October.

Always aiming to provide the best possible travel experience, particularly during a turbulent time for international travel, Emirates has continued to deliver innovative new customer services, ensure the health and safety of its customers and employees, and provide the most updated travel information for customers across the world.

These investments over the past 12 months have enabled Emirates to facilitate the resumption of travel, while enhancing customer experience.

Emirates recalled that in 2019, Emirates began testing

and implementing biometric technology at various customer journey touch points at the airport.

In the past year, the airline fast-tracked its biometric technology roll-out and today, Emirates has over 30 biometric cameras in active operation at its Dubai airport hub, including at check-in counters, at the entrances of its First and Business Class lounges, and select boarding gates.

Since implementation, over 58,000 customers have used this convenient, contactless and secure verification option to access the Emirates Lounge, and more than 380,000 customers have used biometric gates to board their flight.

Matazu Chinedu Eze Weather forecast is a very critical service to the aviation sector and contributes about 23 per cent to air travel safety, as that is the percentage of the record of mishaps that are caused by weather globally.

This is the reason why the Nigerian Meteorological Agency (NIMET) contribution to air travel is invaluable and in addition to forecasting weather to the aviation industry, NIMET makes significant contribution to agriculture because it predicts the weather for the farmers to know when to cultivate their farms and when to reap their produce.

Like aviation, weather is critically important to the maritime sector; that ships on voyage must rely on 24 hours weather report and feedbacks from its radar.

Due to the vast responsibility bestowed on NIMET, it needs more revenues to attract the right technical personnel, fund its offices located at operational airports and also acquire the needed equipment for weather reading and the training of its personnel.

The Director General of NIMET, Professor Mansur Matazu told THISDAY that the agency plans to commercialise some aspects of its services in order to earn more revenue.

Matazu said that there are too many responsibilities carried out by NIMET that are not recompensed.

“I always tell stakeholders that weather is life and life is weather. Weather has a lot of things to do with human beings and in the socio-economic sector of our country, all of them are weather sensitive and NIMET is the only agency that can advise on weather. We do this advisory in three tiers: one, we provide public weather service at no cost. For instance, the daily weather forecast, seasonal climate prediction, monthly, weekly and the three days update we are giving to water, road and air services are under this public service,” he said.

He explained that second tier is the support service, which NIMET offers to Ministries, Departments and Agencies (MDAs) of the government in agriculture or any major project, disclosing that before these agencies do anything they must revert to NIMET for weather predictions and the agency does this at no cost.

He said the third tier is tailor made because it is demand specific based on stakeholder, client and sector, which is the provision of tailor made services to agriculture, including downscale seasonal information and updates.

He disclosed that NIMET has deployed a lot of instruments and it has also empowered its crew to handle point forecasts, which has helped to improve farm production and reduced a lot of risks in the system.

“We also partner with the Nigerian Communications Commission (NCC) for all service providers in the sector, but we have not yet started implementation. We are just

at the beginning stage. We, however, started with a pilot scheme whereby we developed a weather mobile meteorology by providing specific forecasts to farmers.

“Also, we do a service that we call cutting calendar for farmers, in each local government, we can give a calendar based on the forecast of the year; what you should do from land clearing and harvesting. This has really helped farmers; every year we invite farmers and other stakeholders especially from rural communities to testify to the public on the advantages of this,” he said.

Matazu said that some of these services presently offered freely to the aforementioned would in the near future be paid for, as the agency has kicked off the plan to commercilaise some of these services.

He said that with the aid of NIMET, Nigerian farmers have increased their yield by 30 per cent and such important service should be paid for in order to sustain the provision of the service, as the agency sustains increasing number of personnel.

“We have seen more than 30 per cent increase in farmers’ yield and quantitatively, we are conducting research by employing our weather and climate information services. So, farmers are getting increasing yield; this has helped us a lot and we see it as another window of commercialisation so that we can charge a token for providing these services to farmers. As you know, more than 70 per cent of Nigerians are farmers, we are just targeting five million as a pilot scheme.

He said that NIMET also hopes to generate revenue from the marine sector, which it also provides service for the shipping industry, even oil and gas and other areas related to maritime.

“Another sector that is of paramount to us is the marine sector; Nigeria is blessed, we have versed land, forest and also we have water.

We have about 800 kilometers of coastal land, which include the Niger Delta area. Also, we import a lot of our commodities. There are lots of activities in the maritime sector. As aviation relies on per minute, per second weather information, that is how maritime also relies on us, but unfortunately, they take their marine weather service from the United Kingdom Meteorological office, which is causing Nigeria to lose hundreds of billions of naira annually.

He said NIMET had already established marine stations, which it is currently upgrading.

“Presently, the task team is on the field, doing capacity risk assessment to upgrade. We have procured four automatic marine stations and we are in talks with the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). I think the time is ripe for us to seal this Memorandum of Understanding (MoU) with them in order to begin to provide this service to the industry because the country is losing a lot of revenues by not providing the service,” Matazu added.

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NEWS

BOI-EDO STATE MSME DEVELOPMENT…

L-R: Business Development, BoI; Chris Omondiagbe, Manager, Edo State Office, BoI,Faruk Hamidu ; Head, Security, BoI,Michael Adewumi ; Technical Assistant to the MD/CEO, BoI,Funsho Odewoye ; Executive Director, Corporate Services, BoI, Jonathan Tobin ; H.E. Betsy Obaseki, First Lady, Edo State; H.E. Godwin Obaseki, Executive Governor, Edo State; MD/CEO, BoI,Kayode Pitan ; Executive Director, Small and Medium Enterprises, BoI,Shekarau Omar ; Head, Communication and External Relations, BoI,Mabel Ndagi ; Regional Manager, Lagos and Ogun, BoI, Ahmed Kagara ; Regional Manager, South-South, BoI,Pacqueens Irabor; and Business Development, BoI, Aderonke Akinluyi, at the launch of the N2bn BOI-Edo State MSME Development Fund in Benin, Edo State

GoG: Jamoh Emphasises Synergy as Key to Successful Fight Against Maritime Crimes Eromosele Abiodun The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has restated the need for enhanced stakeholder collaboration in tackling maritime security challenges in Nigeria and the Gulf of Guinea.

Jamoh made this call in a paper presentation titled, “Enhancing Collaboration amongst Stakeholders for Improved Maritime Security in Nigeria,” at the recently held Chief of the Naval Staff Annual Conference (CONSAC) in Kano State.

The NIMASA boss was also honoured at the event by Chief of the Naval Staff, Vice Admiral Awwal Zubairu Gambo, for ensuring civil military cohesion.

Drawing from terrorist attacks of 9-11 on American soil and the

report of the 9-11 Commission indicting security agencies for failing to share real-time intelligence, Jamoh urged Nigerian stakeholders to “learn to share their toys” in a bid to close the gaps and tighten the security ring around the nation’s maritime space against piracy and other maritime crimes.

The NIMASA Director General observed that despite the rich potential of the maritime sector in the areas of job creation and revenue generation, and its vital role in facilitating more than 90 per cent of world trade through shipping, the sector was undermined by maritime insecurity.

He stated, “The economic cost of maritime insecurity is very pronounced for Nigeria compared to other countries.

While the economic cost of piracy activity in Asia was

estimated at $4.5 million (as of 2016), the estimated economic cost of maritime insecurity in the GoG was about $793.7 million.”

Jamoh identified sources through which insecurity led to loss of revenue in the maritime sector as ransom payment, insurance premiums, re-routing ships, security equipment, losses to oil and fishing industry, and cost of security escort.

Specifically, Jamoh said, “Studies have identified the following factors as the drivers of maritime insecurity in the region. They include an increase in ship traffic as a result of globalizsation; the debilitating leadership of many of the states in the region; the proliferation of small arms; poor monitoring and control of the oceans; and criminality, which have been further aggravated by visible

Ondo Bars Association from Fixing Prices of Good, Service James Sowole Worried by the rise in prices of commodities, especially food items and services in the state, the Ondo State Government has barred all Trading Unions and Associations under the umbrella of Ondo State United Artisan Group, from fixing and enforcing uniform prices of goods and services being sold/ rendered by their members and non-members.

The State Commissioner for Information and Orientation, Mr Donald Ojogo, disclosed the action of the government in a statement.

He said the government took the measure to protect residents in the state amid soaring costs and incessant increases in prices

of goods and services by artisans including farm produce and food items.

The commissioner added that the decision was taken in the overall socio-economic interest of the people of the State.

He said, “Government had before now, watched with discomfort and dismay, the economic suffocation of the people with unimaginable increases in prices of goods and services in markets, shops and other sales outlets across the state.

“Even without due regard for market forces, it is obvious that associations and unions are largely behind this unwholesome act. The state government has decided to act decisively even as the public deserves protection from this

undesirable exploitation under some guises. Therefore, fixing market prices and imposing fixed exorbitant prices on the people under the guise of association or union must be stopped forthwith.

“Accordingly, as part of the measures, Individuals, Artisans, Traders and providers of services as well as farmers are henceforth allowed to operate, sell their produce and render any service in any part of the state as they may deem profitable, based on the principle of demand and supply and prevailing market forces. This is just as membership of associations and unions remains voluntary as provided for in the constitution of the Federal Republic of Nigeria, as amended, “he said.

NIPOST, LASG Impound over 60 Motor-bikes in Random Raid on Illegal Courier Operators Emma Okonji The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), in collaboration with the Lagos State Ministry of Transportation (MOT), on Wednesday in Lagos, carried out a random raid on alleged illegal courier operators, and intercepted over 60 dispatch riders, with their motor-bikes impounded.

A combined task force from CLRD team, MOT team and the Police team from Force Criminal Investigation and Intelligence Department (FCIID), Alagbon, Lagos, which was led by the Assistant General Manager in

charge of Ethics, Complain and Strategy at CLRD, Mr. Worimegbe Banks, carried out the raid at the popular Maryland roundabout in Ikeja Lagos. Dispatch riders who are into courier business were randomly stopped at Maryland to check for their valid courier licence, and those without licence, were arrested and their motor-bikes impounded.

According to Banks, those raided, would be profiled and prosecuted according to law, for operating courier business without obtaining operational licence, thereby defrauding the federal government of huge sums of money.

Briefing newsmen shortly after the raid, the General Manager,

CLRD, Mr. Gideon Oludotun Shonde, said the combined clampdown operation became sacrosanct due to the unrelenting nefarious operations and unethical practices by the illegal courier operators in the state.

According to Shonde, “Despite the sensitisation and enlightenment programmes embarked upon

by CLRD early this year, these recalcitrants continued to operate without a license from NIPOST. They engaged in price undercutting, carry illicit drugs, arms and ammunitions as well as foreign currency, which are against the ethics of this essential service and noble profession.

youth unemployment.

“High level of poverty, and economic hardship were also listed as causative factors.The impacts of these challenges are far-reaching and requires that all concerned should collaborate to tackle this menace.”

Drawing examples from other climes, like the Regional Cooperation Agreement on combating Piracy and Armed Robbery against Ships in Asia (ReCAAP), the NIMASA boss stressed how stakeholder collaboration had been used to tackle maritime insecurity.

He identified the five clusters of Nigerian maritime collaboration as the Armed Forces/National Security Group (Army, Navy, Air Force, etc); Non-Military Services (Customs, Police, Immigrations, NDLEA etc); Agencies with Incidental Functions (NAFDAC, NNPC, DPR, etc); Regulatory Agencies (NIMASA, NESREA, NOSDRA, NIWA etc); and the Disaster Management Agencies (NEMA).

Jamoh listed some collaborative efforts by NIMASA to address maritime insecurity to include the implementation of the Deep

Blue project; the enactment of the Suppression of Piracy and other Maritime Offences (SPOMO) Act 2019; community engagements; strengthening of the Navies of the Gulf of Guinea (GoG) region; collaboration with CEOs of Maritime Industry Organisations, known as the Joint Maritime Industry Working Group (JMIWG); engagements with security forces (Nigerian Navy, Army, Airforce, Police, Customs, Immigration); and the Gulf of Guinea-Maritime Collaboration Forum/Shared Awareness and Deconfliction (GoG-MCF/SHADE).

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MARITIME

Shipwrecks: Can LASWA Succeed Where Others Failed?

With provisions in the NPA and NIMASA Act inhibiting both agencies from removing shipwrecks despite the danger they pose to Nigeria’s maritime safety, LASWA’s promise to remove them from inland waterways is a welcome development, writes Eromosele Abiodun

T

he United Nations (UN) estimates show there are more than three million shipwrecks on the ocean floor globally.

These wrecks sometimes contain vast amounts of crude oil or other hazardous substances that pose a threat to the marine environment.

It was on the back of the realization of the risk which ship wreck pose to humans and aquatic creatures that the Nairobi International Convention on the Removal of Wrecks came into force on the 14th of April 2015, providing a framework for wreck removal.

Nigeria is not unaware of the danger that these wrecks pose to its maritime activities, especially for a country largely dependent on imports, the bulk of which are ferried by sea.

The country’s commercial hub, Lagos has been touted as one of the major cities with many shipwrecks on their seabed. In fact, statistics pegged the shipwrecks at over 200, with Lagos accounting for about half of that. For mariners and security operatives tasked to protect the waterways, the dangers posed by the menace of shipwrecks have reached frightening proportions.

A few years ago, authorities of the Nigerian Navy (NN) raised the alarm over the presence of such shipwrecks in the country’s waters and the security and safety risks they posed.

From Lagos to other states where seaports are located, ships find it difficult to navigate as a result of the wrecks. They have also made it difficult for maritime security operatives to respond to distress calls in good time without the wrecks standing on their way. Remarkably, Nigeria is a party to the Nairobi International Convention on the Removal of Wrecks (Nairobi Convention 2007). The Convention is a treaty of the IMO with the purpose of prompt and effective removal of shipwrecks located in the parties’ territorial waters including its Exclusive Economic Zone (EEZ) that may be hazardous to navigation or environment. The convention gives States’ Authority to remove wrecks and in Nigeria’s case the Nigerian Maritime Administration and Safety Agency (NIMASA).

However, there are conflicting provisions in the Nigerian Ports Authority (NPA) Act and NIMASA Act as to who has responsibility for the removal of wrecks. Section 22 of the NIMASA Act gives the agency power to remove wrecks from the country’s waterways, while section 9 of the NPA Act also gives it powers to remove wrecks. Section 7 of the NIWA Act also gives it similar powers.

Aside the security threat and navigational challenges, many lives have been lost over the years to boat mishaps caused by wrecks.

Notwithstanding, government agencies responsible for the removal of wrecks have made promises over the years to have them removed, but nothing concrete has been done. But recent revelation that Lagos State Waterways Authority (LASWA) is committed to ensuring that wrecks are removed from the waterways is a welcome development.

THE LASWA PROMISE

Last week, the Managing Director of Lagos State Waterways Authority (LASWA) Mr Oluwadamilola Emmanuel announced that the authority has marked 108 wrecks on the lagos Waterways which are inhibiting safe navigation of boats.

The LASWA boss said the agency is making the map available online for every operator to have access to it.

Emmanuel who was speaking at the 1st Annual Conference of Barge Operators Association of Nigeria (BOAN) in Lagos, said that LASWA has commenced two major channelisation projects along Ikorodu-Falomo routes as well as Ojo-Badagry routes.

Specifically, he stated, “Late last year, LASWA was able to mark the entire waterways and all the wrecks, and we found about 108 wrecks which the map is currently in our office, and we are also going to make that available online for people to have access.

“Every year, we identify strategic wrecks on our waterways which NIWA and LASWA remove on yearly basis, this is jointly done by us because of budgetary constraints. In terms of channelisation and other capital ventures, we are in discussions with the private sectors to dredge and pick up the sand and sell it, as opposed to waiting on the state government to dredge the channel.”

“This year alone, the state government is doing two major channelisation projects.

There is Ikorodu to Falomo the bariga area.

There is also the Ojo to Badagry” he said According to the LASWA boss, out of the 20 local governments in Lagos State, fifteen of them are assessable by water. Apart from passenger jetties, there is also room for cargo jetties in some of these terminals.

He said that creation of cargo jetties is in the transportation plans of the state government, which is currently being reviewed in line

with modern realities.

Speaking in terms of safety of Waterways in Lagos and mishaps, he said: “We have a monitoring and enforcement team that goes onboard, one of the things we realised was data, how do you identify the operators? In other sublime climes, they have a control centre that enables them monitor passenger boats or cargo boats.

“This year has been approved for us to set up a control room in order to track passenger operations and cargo operations. This is not to just generate revenue; it is principally to ensure safety, the several incidences that have happened to passenger boats, we find it difficult to ascertain what happened. We are currently upgrading our emergency and rescue units, we already have them on Falomo, we want to extend them to Ojo and Ikorodu, from these location they can get to anywhere.”

NOTICE TO OWNERS

On April 2, 2017, the management of NIMASA sent a notice to owners of abandoned ships/vessels to urgently remove same from the Nigerian territorial waters on or before April 28, 2017, or risk sanctions ranging from forfeiture or removal by the agency at the owner’s expense.

This, NIMASA said, was in a bid to ensure safe and secure shipping on the Nigerian territorial waters, adding that all abandoned vessels littering the waterways and the shoreline of the country are affected by the directive.

The then Director General of the agency, Dakuku Peterside, had in the notice stated that it was instructive to ensure that Nigeria’s waterways remain safe for navigation in order to advance the country’s maritime interests.

He therefore, warned that all abandoned ships would be declared as wrecks and the agency would ensure that nothing impedes safe navigation in Nigerian waters by removing them.

“In line with our mandate on the protection of the marine environment and safety of navigation within Nigerian waters and our powers as the receiver of wrecks; owners of all abandoned ships, vessels and derelicts are sternly warned to seek removal plan permits from the Agency and ensure the removal of these wrecks and derelicts from our waters on or before April 28th, 2017 failure

of which would attract appropriate sanction,” Peterside said then.

He also reeled out the sanctions to include removal of such wrecks at the owners’ expense as well as forfeiture of the vessels stating that the agency is empowered to do so in line with the powers vested in it by the Merchant Shipping Act 2007 and other enabling Acts and International Maritime Organisation (IMO) instruments.

ANOTHER PROMISE

Following public outcry and pressure from shipping companies, NIMASA recently announced that arrangementhas been concluded for the flag-off of an intensive wreck removal exercise in Nigerian waters by the agency.

The Agency’s Director-General, Dr Bashir Jamoh, disclosed this during a ministerial retreat organised by the Federal Ministry of Transportation (FMOT) in Lagos.

Jamoh also said arrangements had been concluded for the recycling of wrecks and derelicts recovered from the waters in partnership with the Bayelsa State Government and the Nigerian Railway Corporation (NRC), which already has a foundry in Lagos for wrecks’ recycling, with the ultimate aim of creating wealth from waste while providing jobs for Nigerians.

The NIMASA DG commended the Minister of Transportation, Hon Rotimi Amaechi for approving the creation of the Maritime Intelligence Unit and the NIMASA Maritime Stakeholders Experience Contact Centre (MSECC), which are both initiatives to improve intelligence gathering and enhance stakeholders’ communication to ensure sustainable growth of the country’s maritime industry.

He also disclosed that the automation drive in the Agency had led to the integrated use of technology in the Certificate of Competency (CoC) verification process, which has seen a fall in manual verification practice.

Jamoh said, “In 2020, the number of manual verification of CoCs dropped from 4,112 in 2019 to 2,750, representing 33 per cent drop in manual certificate verification. There was a total online verification of 9,723 in 2020.”

The NIMASA boss also commented on the NSDP programme, saying 446 beneficiaries of the programme are currently undergoing seatime training, while 351 have been assigned to maritime training institutes and are in the process of boarding for sea-time.

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

THIS WEEKEND WEEKLY MAGAZINE

NEWS METRO THISLIFE ART WEEKEND ENTERTAINMENT Group Features Editor: Chiemelie Ezeobi chiemelie.ezeobi@thisdaylive.com 07010510430

Peace Oyanbo Owei: Achieving Audacious Empowerment for the Girl-child

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COVER

Peace Oyanbo Owei: Achieving Audacious Empowerment for the Girl-child She 4 She Initiative Founder, Barrister Peace Oyanbo Owei, has consistently given women and the girl-child opportunities to build a career and create shared value for the society. Given her audacious quest to empower them, Chiemelie Ezeobi reports that her initiative has become as a thriving platform that restores hope to the hopeless, while giving them a lifeline

Owei carrying a baby during one of the medical visitations

M

ost times, people who add value to others do so intentionally because it involves strategic planning on what and how to go about helping people especially those they do not know.

The above sums up the selflessness of Barrister Peace Oyanbo Owei, who has invested so much in empowering women through capacity building to help create an enabling environment where they can have access to health care, build their self-confidence and be able to compete anywhere in the world for various opportunities.

This she has achieved through the She4She Initiative. Over time, She4She has emerged as a thriving platform restoring hopes to the hopeless with their many strategic reach out programmes that provides food for thousands, skills for yet another hundreds of young ladies and medical lifelines to those who cannot afford basic healthcare facilities.

Its objective is to be an advocacy group that fights for the right of women, to be placed in strategic positions of power and board rooms where policy decisions are made.

For Owei, she believes that empowerment is a process, not a product. Her words: “There has been immense progress to uplift women financially, politically and socially, but it is still an open-ended process. In the light of many ongoing, a clear vision emerges, a vision of the empowerment of each deserving one.

“Even though a new age woman is far more empowered but her progress skids to a halt when cases of violence or any unprecedented regressive evil emerges “Empowering a woman today will lead to a progressive society for tomorrow and this silver lining is her motivation in analyzing any gender equality discussion and offering practical assistance to them.

Capacity Building in Abuja Recently, she had a capacity training for 50 participants- all girls and women. At the launch, in a hall filled with women and girls and graced by dignitaries especially from the Niger Delta region, Owei succeeded in handing out certificates to over 50 participants who expressed joy with the training they received from different resource persons. Her target was;

Owei in Bayelsa State distributing palliatives

“Before the end of the year, we hope to have touched 300 women in capacity building.”

According to her, “empowering a woman is like empowering a nation, we don’t just want to launch for lip service sake, we have done training for 50 women this week, we did a little bit of entrepreneurship and capacity building for these women”.

In addition, she said: “Women in business were able to learn how to market their products using ICT and other tools that can help them package and market their products accordingly, while the women that are not in business were guided on decisions to take when they are trying to go into business.

“Right now we are leveraging on volunteering, we are partnering with individuals, corporate bodies, organisations including the government to advocate for our course.”

On subsequent training plans, she said: “We have a work plan on our training, the short term, midterm and long term work plan, we hope to do like two or three more training before the end of the year, we are not going to do it in Abuja alone, the first of the series, we titled it Woman Up, and gradually we will unveil how we are going to be doing states selections.”

The special guest at the Abuja launch was the Executive Director, Business Development, Nigeria Export and Import, NEXIM, Bank, Mrs. Stella Okotete, who is also the Women Representative of the APC Caretaker/ Extraordinary Convention

The She4She Foundation is our own way of reaching out to the less privileged in our society

Planning Committee (CECPC).

Okotete lauded the initiative and described it as timely, adding that Nigerian women would benefit from the organisation.

Okotete said: “This is coming at a time where we need more women to be empowered as well as the girl child, the formation stage for any girl child in this country requires a lot of motherly support and when we empower the women, they will be able to give that support to the girl child.

“From our position as NEXIM, we have the women and youth export facility, we will be collaborating with her to see where we can upscale women in trade and go into export.

“Most of her participants are into agro allied related businesses, and export in Nigeria is what will help us diversify the economy away from oil and non- oil export is the way to go.”

Distribution of Food Items The economy is shrinking. No thanks to the pandemic and the insecurity in the country. Food prices have soared leaving the less privileged helpless. To ameliorate the situation, She-4-She Initiative, as part of its agenda, distributed food items to residents of Gishiri and Jahi villages in the Federal Capital Territory (FCT) to alleviate the sufferings of poor residents.

The exercise reached about 500 beneficiaries with items such as rice, vegetable oil, salt, seasoning among others. Owei said she was moved by the plight of the residents at a time of economic hardship.

The outreach tagged: “7 items for item 7”, would be sustained to help residents temporarily, as the foundation is working towards other programmes to support women.

“This is a food programme where we give 7 items to women, this would enable them to go straight to the kitchen and cook what to eat. We are going to touch women in different areas,” she said.”

A beneficiary of the programme, Diana Dennis said the items came at a time of hardship where most families barely afford daily meals.

“We are surviving by God’s grace, we can no longer use N1,000 to prepare anything to eat, things are so expensive and I appreciate this kind gesture from the foundation,” she said.

Incentives in Bayelsa State She4She Initiatives recently had a three-day event in Yenagoa. The first day was for medicals and women were educated on labor, pregnancy, delivery and breastfeeding in commemoration of the World Breastfeeding week.

The 25 -man medical team led by Public health Enthusiast, Dr Yomi Jaye(MIT-Harvard) carried out massive safe motherhood care and Primary Eye care for women.

Part of the incentives of the outreach included the distribution of mosquito nets, delivery kits to pregnant women and eye glasses for about 200 individuals with drugs administered.

In practical terms, the nurses demonstrated labour and breastfeeding skills with competition for women on health and wellness.

Owei added that she has a mission to raise the standard of living of women at all levels and she would stop at nothing towards making this happen.

She said:” The She4She Foundation is our own way of reaching out to the less privileged in our society. We have many programmes lined up that would impact on the lives of the people especially the women folks. Bayelsa is my home state and we decided it was time to return home to alleviate the sufferings of my people.

“Government alone cannot do this and that is why I am calling on well-meaning Nigerians to stand up and support initiatives like this so that more lives can be touched.

“Apart from the medical aspect of the campaign, the foundation distributed food items to over 800 families tagged; Bayelsa 7 Items for Item 7. With these provisions, all beneficiaries had seven items required to prepare food for their household. We are doing this because the cost of food has skyrocketed due to our economic challenges and other factors and we intend to continue to reach out to these vulnerable ones.

“Yet another programme was skill acquisition.

It is tagged ‘Woman Up’ and so far we are impressed with the turnouts and seeing the joy and happiness in their faces encourages me to do more.”

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Swarovski Reveals Latest Brand Influencers in Nigerian Market Stories by Mary Nnah Swarovski Nigeria has unveiled two notable fashion enthusiasts and social media influencers, Temi Young and Diana Eneje as its new brand influencers during an event at its flagship store in Lagos recently.

Both will join a diverse and influential portfolio of brand Influencers to the Swarovski tribe in Nigeria.

Young is a lawyer, presenter, beauty blogger and represents a tribe of rising stars with modern grace and tasteful glamour. Eneje, who is a model and recipient of the Nigerian Teens Choice Most Influential and Fashionable Model award represents a very youthful tribe conversant with street couture and new label glamour.

Through its “Ignite Your Dream” campaign, Swarovski Nigeria will also be deploying its e-commerce platform as a tool to amplify the voices and personalities of the brand influencers to inspire its existing customers, potential buyers, fashion enthusiasts and fans of the brand.

Speaking on the new signings, Executive Director of Polo Luxury Group, Jennifer Obayuwana said, “We welcome

Temi young and Diana Eneje to the Swarovski Nigeria family.

As our new influencers, they represent young hardworking women, igniting their dreams and achieving with dedication, independence and authenticity” “Temi and Diana embody the authentic spirit of the Swarovski brand, which is rooted in positive values and we are therefore delighted to reveal the unique activities that we have planned with them”, she added.

Speaking on behalf of the new signings, Temi Young said: “I am excited with the honour of being a new Swarovski brand influencer for the opportunity it brings. Like me, the brand is driven by the passion for creativity and is youthful.

Through this partnership, I look forward to working on the activations designed to bring the Swarovski brand even closer to our style tribe”.

This latest partnership reflects Swarovski Nigeria’s progress in leveraging its innovative influencer collaboration model to drive high growth to deliver the brand’s goal of making affordable luxury pieces easily accessible to Nigerians

Swarovski Nigeria offers the world’s finest crystal jewellery, with a focus on trends, design,

and elegance. The brand draws from the 125-year heritage of the global Swarovski brand,

which embodies creativity, exceptional quality and expertise with each crystal-cut

piece telling a unique story of mastered craftsmanship of the Swarovski brand.

Swarovski latest brand influencers, Diana Eneje and Temi Young

Shortlethomes Redefines Short-let Rentals with Launch of 1677 Mayfair Apartments As part of its quest to deepen access to short let rentals and stake market leadership, Shortlethomes, Nigeria’s leading provider of short let apartments, has opened the 1677 Mayfair Apartments, the latest addition to its growing base of rental offerings.

Located in Victoria Island, Lagos, 1677 Mayfair Apartments offers quality serviced and fully furnished luxury short and extended stay accommodations with premium facilities and services. The facility is the perfect accommodation for families, businesses, corporate groups, ex-pat stays, holidays and relocation.

Commenting on the devel-

ShortletHomes boss, Keji Giwa opment, the Founder/Chief Executive Officer, Digital Landlords Nigeria Limited, the parent company of Shortlethomes and 1677 Mayfair Apartments, Mr. Keji Giwa, said the facility is primed to be the choice destination for

travelers and visitors who desire luxury away from home.

“The 1677 Mayfair Apartments is no different from living in central London’s rated 5-star apartments, offering proximity to the best bars, restaurants and nightclubs

Investment One Donates Borehole Facility to Police Barracks As part of its corporate social responsibility, Investment One Financial Services Limited has donated a borehole and water treatment plant to the Falomo Police Barrack community in Lagos.

The Chief Information Officer, Investment One, Fagbemi Olufisayo, who represented the General Managing Director, Nicholas Nyamah, at the commissioning of the facility, pledged to support the development and empowerment of the host community across the country.

Olufisayo noted that Investment One was trying to build up innovation and relationships to be close to the community by understanding the needs of consumers in a given community.

He said the organisation is committed to the provision of innovative solutions that support Nigerians as well as empower communities to do more by staying healthy all

times, adding that the issue of Corporate Social Responsibility (CSR) in developing countries should form part of the business strategic plans of organisations, because expectations and awareness of host communities now influence the operations of both multinational and indigenous firms.

According to him, one good thing about the inauguration of the borehole is the provision of clean water to the community, adding that erecting the borehole in the Police Barracks symbolises a great partnership with the community.

“We want to demonstrate that Investment One Financial Services is a good corporate citizen. Drinking water is a fundamental human right of any citizen.

“Hence, we will be committed to the monitoring of the project to keep the water running. We have always been a very sociallyresponsible organisation and

we have been engaging with our host communities.”

The Deputy Commissioner of Police, Admin, Bassey Ewah, earlier in a welcome address praised Investment One Financial Services Limited for its support to the cause of empowering the active poor in the community, describing the company as a greatest financier, supporter and source of inspiration because of its passion and concern for the downtrodden.

Ewah, who also described the water project as another most thoughtful, generous, and kindest corporate act, said Investment One has been the corporate positive voice in the area who has demonstrated an unmatched and unprecedented concern and action by providing a borehole and a water treatment plant that cost millions.

He noted that the organisation has greatly impacted the social and economic environment of the barracks.

Lagos Island has to offer,” Giwa said.

The 1677 Mayfair Apartments was built on a strong foundation inspired by the 1980’s colonial architectural design for expatriates and now redesigned to meet the needs of today’s modern finishing for Nigerians at home and in the diaspora. The very magnificent and contemporary fully serviced apartments are located in Victoria Island and each apartment which includes two penthouses, and eight 3-bedroom flats are named after prime locations in central London. This was done to make you feel like you are living in central London.

Giwa noted further that

its firm’s decision to open 1677 Mayfair Apartments became necessary in a bid to boost access to short let apartments while offering a different experience from the conventional hotels.

“Travelers and Lagos residents yearn for luxury, convenience, comfort and an experience of a lifetime.

For us, we take this seriously with our short-let offerings ensuring we provide the best of quality services, adequate security, and luxury that is obtainable anywhere in the world”, Giwa stated.

It has been reported that the short term rentals market has grown significantly during

the last few years, and it is expected to grow at a rapid pace in the next five years with the occupancy rate projected to hit 70 per cent by the end of 2021.

“Nigeria is experiencing a real estate boom driven by high yield rental income from short let opportunities. This is a huge opportunity for the hospitality industry to provide access to quality apartments for short let rentals. “ The prospect of this continued expansion is a timely warning to hotels offering rooms at the same rates consumers can get a whole apartment and, in some cases, much lower,”Giwa noted.

Omenka Day’s Song, ‘One People’ Entreats World Leaders Manager of late reggae musician, Majek Fashek, Omenka Uzoma Day is fuming. His angst is about the happenings in the world today. In his newly released song, ‘One People’ Uzoma who is popularly known as Uzo appealed to world leaders to make life easy for their people.

Explaining what inspired ‘One People,’ the CEO, Miracle Day Music said, “It is high time the world desists from disunity, dishonesty, propaganda, division, tribalism, xenophobia, religious intolerance and racism. I classify all these as venom. It is what you tell your children that they grow with. A lot of these problems are what is in their heads.

“At times I wonder about the purpose of ammunition if it is not a money making venture because if there is no war, ammunition would not be sold.”

“I am trying to speak to everyone with my songs.

Even the so-called COVID-19 pandemic is a money making scheme. How can I pay to do COVID-19 test when I do not have it?

“I pay for that here and when I arrive I pay for the hotel and big money to be quarantined including feeding and the rest. It ought to be free. We were told that two jabs of the vaccine would do, what then is the need for the quarantine?

“Governments of the world should reduce panic.

However, I believe that the cure is in Africa,” he added For Day, the world is not normal: “In some countries why are their laws in favour of women rather than men in terms of divorce? Many women are using it to kick out men making money from child support and the government. Agreed, women ought to be respected but many of them are taking advantage of the law and making men

miserable.”

He recalled that he was invited to perform at the ebony award in the UK where a lot of dignitaries attended, noting that he could see the passion of Her excellency Fatima Jabbe –Bio, First Lady of Sierra Leone, about the African children when she made her speech.

“Even our own Ambassador in the UK, His Excellency Sarafa Tunji Isola was not left out in the gospel of unity,” he added He stressed that if the government does the needful, all these agitations would become a thing of the past.

Day, who is set to tour the world with his 18-man band, has eight singles currently enjoying rave reviews on the Miracle Day Music label which include Walk without you (dedicated to the memory of Majek Fashek); God bless Lagos; Celebrate; Merciful God and Zion Africa.

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E-TRENDS

MUSIC SHOWBIZ

…Your weekly entertainment delight

NOLLYWOOD

Show of Commitment at AFRIMA’s Patron Dinner

AFRIMA Jury with the Patron Bisi Onasanya and wife

Vanessa Obioha Under the glowing lights and warm ambience of Sky Lounge at Eko Hotels and Suites, the All Africa Music Awards (AFRIMA) prepared a table before the former Managing Director of First Bank Nigeria, Bisi Onasanya. It was a fine and private dinner to recognise the contribution of Onasanya who is now into real estate to the continental awards that was birthed in 2014.

As the guests began to troop in, the camaraderie in the lounge grew. The international committee of jurors who had been in the country for over a week to assess the over 8,000 entries submitted for the 2021 edition greeted and joked with one another, the selected journalists exchanged pleasantries while the host Mike Dada and his crew welcomed all and ensured that the event was without a glitch.

The cynosure of the event, Onasanya, arrived in the company of his wife and friends. For the occasion, the retired banker donned a plain blue senator outfit while his wife dazzled in a white glittering buba with a blue head tie.

Although the dinner was to appreciate the efforts of Onasanya, it was also a show of resilience and commitment. Resilience on the part of the continental awards which in the past eight years have continued to highlight and celebrate talents from all parts of Africa. Artistes from countries that hardly enjoy continental visibility enjoy fame on AFRIMA as the awards traversed all corners of the continent.

For instance, the 2018 edition held in Accra, Ghana saw an emotional Hamza El Fadly, a Moroccan singer accept his award for the Best Male Artiste in North Africa. Chad DJ, Afrotronix who also took home the AFRIMA African DJ trophy was elated to be recognised on the platform.

But the awards had not been without glitches.

Much of these were highlighted in the speech of former Lagos State Commissioner for Arts Culture and Tourism, Steve Ayorinde. Ayorinde who serves as the Chairman International Media Committee of AFRIMA recalled how Dada shared his idea with him which at the time he thought was an ambitious project.

AFRIMA Founder, Mike Dada

But time would prove otherwise as the awards always emerged victorious despite the challenges thrown at it. One of such is a peculiar event that happened at Casablanca, Morocco.

The details of that incident cannot be shared here as it would be told better by the jurors and international committee of the awards. Nevertheless, in Kenny Ogungbe’s eyes, AFRIMA is the best thing that could ever happen to Africa.

Arguably, the showbiz maestro said, it is the Grammys for Africa. Its partnership with the African Union Commission (AUC) is a testament to its transparency and longevity.

But the success of AFRIMA partly rests on the able shoulders of its jury.

Their commitment to the awards since inception is noteworthy. Every edition sees the jury fly in from different parts of the continent, representing each region

as they deliberate on which entries deserve a spot on the nomination list.

Robert Ekukole, a Cameroonian representing Central Africa emphasised the dedication of the jury during his speech and prize presentation to the patron.

According to him, despite the stress of the pandemic, the jury still gathered to show their commitment. They put in eight days of hard work with little sleep. For the 2021 edition, AFRIMA received a total of 8,800 entries.

Majority of the entries were from West Africa which had 30.4 per cent submissions, followed

by Eastern Africa with 28.8 per cent. Southern Africa, Central Africa and North Africa and international acts have 22.9 per cent, 12.3 per cent, 4.9 per cent and 0.7 per cent respectively.

Although not all the jury members made it to the country, they, however, joined by Zoom.

The 13-man international jury members present at the dinner include Hadja Kobele, representing diaspora from Guinea/USA; Kenyan Tabu

Osusa, representing Eastern Africa; Congolese Charles Tabu, representing Central Africa; Olisa Adibua representing West Africa, and Egyptian Alaa Zain Makky who stood in for Angela Martins, Head of Culture, AUC. This year’s number of entries shattered records as it is the highest the awards has ever received since inception. They were received from 50 African countries across the five regions of Africa and 10 countries from Europe and North America including Spain, the United Kingdom (UK), the United States of America (USA), France, Portugal, among others.

“We hope in the coming yearsAFRIMAwould go much further and will stand very tall in the world-class of music and arts,” said Ekukole.

By anointing Onasanya as its patron,AFRIMA will have to put in extra work as the shrewd businessman expects nothing below excellence.

“I expect something far better than we had in the past, a world-class awards that can compete with the best anywhere in the world and we will do it in a very professional manner such that the outcome is delightful to whoever is part of the show.”

He had no qualms accepting the role having seen the persistence and doggedness of Dada. Moreover, Onasanya sees the creative industry as a sector that can be improved.

“It is the industry today and the future.

No matter how well we have done, we can always do better. It’s about how well prepared we are to milk and put in everything it takes to get the best out of it.”

By throwing his weight behind AFRIMA, Onasanya said he is giving back to society, particularly the youth population which he described as strong and talented.

“The only way we can do that is to make sure that we provide platforms for the youths to showcase their skills. There is no limit to what we get from Africans… Africans have shown that they always excel anywhere in the world when you put them in the right environment, give them the right resources and tools to operate,” he said. AFRIMA 2021 is scheduled to hold on November 18. The host city is yet to be disclosed.

Mr Eazi Sets Up Zagadat Capital, Invests in PawaPay’s $9M Seed Funding Vanessa Obioha Again, Oluwatosin Ajibade, popularly known as Mr Eazi, is contributing to the African technology economy by investing in its growth. This is evident in his establishment of Zagadat Capital, which recently invested in PawaPay,

a company that aids people to send and receive money internationally. This investment was done in partnership with U.K.-based fund 88mph who co-led the round with Chinabased MSA Capital, Kepple Ventures and Vunani Capital.

Mr Eazi is no stranger to the world of investment. In 2020, he raised $20 million for his

Africa Music Fund (AMF) to invest in the careers of African music talents.

With Zagadat Capital, he plans to direct funding to startups and businesses that will power Africa’s tech future.

Being investors hugely focused on Africa and taking advantage of familiarity with the landscape, investment

needs and problem profile of Africa is what drives Ajibade.

“We believe that mobile money-focused fintech is not just one of the most exciting places to invest but also one of the most important bridges to ensuring financial inclusion of billions of people across the continent.

The kicker for us is that we

believe in the clear mission, vision and strategy and we are confident that the PawaPay team is the best team to achieve it.”

With its recent investment in PawaPay, Zagadat Capital is building a continent financially connected within itself and the international community.

Mr Eazi

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ART WEEKEND

…For pure art enthusiasts

Affordable Art Online Introduces Adekunle’s First Lagos Show After a series of ground-breaking art projects, Affordable Art Online is set to unleash Gbemileke Adekunle’s first solo exhibition in Lagos. Yinka Olatunbosun reports

G

bemileke Adekunle wakes up every day to the freshness of the surrounding rural vegetation, away from the eccentric mega-city life. Somewhere in the heart of Osogbo sits his private studio where he lets his creative juices flow. After his NYSC programme, he ventured into teaching briefly and later returned to active studio practice for the love of painting. During this brief encounter with him in Lagos, he revealed why he would be coming to Lagos soon for his first solo exhibition opening on September 24.

Although he has only been a professional visual artist for three years, he completed his Masters’ degree in Fine Arts in 2016 at Obafemi Awolowo University, Ile Ife. But his mastery of art began slowly from his early childhood years which began in Owode, Ogun state. His father discovered the talent of drawing when he was just a primary school pupil. But he didn’t ignore it.

“He took me to a friend of his who is an artist and he trained me before I went to the university. We called him Obanla. My parents were also artists in their own rights. They could make illustrations-most especially my mother.

The first picture I drew was taken from a biology book and I tried to copy the image. That was how the passion for arts grew,’’ he recalled.

In 2016, he had an academic project that was based on Osun Osogbo festival. Using painting as his medium, he documented the festival from the first day to the last. Over the years, his style had been influenced by quite a number of artists including the American landscape artist, Jeremy Mann. Like Mann, Adekunle is intrigued by mood, ambience and the human figures. While oscillating between impressionism and expressionism, Adekunle makes a conscious effort not to be framed as a realist painter. In this solo exhibition titled ‘Blues and Ballads,’ Adekunle presents a body of works that is unique, audacious and thought-provoking.

“I am showing 20 pieces in this exhibition. I have landscape works and portraits that capture melancholic moods and other emotions.

I often use pallete knife to paint although, I used conventional brush and pastel for some

One of the works by Gbemileke Adekunle

others,’’ he revealed.

Apart from the noise pollution in cities such as Lagos, Adekunle’s preference for the rural community as against city life also hinges on the easy access to indigenous materials and people. For instance, one of his paintings was inspired by two female hawkers who were engaging in small talk. Adekunle thought that is a rare sight in a city and decided to paint it. Lagos cityscapes also characterize some of the paintings to be shown from September 24 to 26 at the Affinity Art

Gallery, Victoria Island, Lagos.

In a statement by Affordable Art Online, the three-day show is a must-see for art connoisseurs in Lagos.

“We are excited to be showcasing our second art exhibition in Lagos, introducing Gbemileke Adekunle’s first solo exhibition. Adekunle is a vibrant artist who talent shows with every brush stroke. We are happy to be embarking on this great journey with him and we are very grateful to all our sponsors.’’

Evoking Memories with an Exhibition at Terra Kulture Yinka Olatunbosun Some memories are best forgotten. But with the quintessential contemporary artist, Innocent Chikezie, memory is ‘a place of refuge in times of stress and a bank vault of experiences that make life worth living.’ It is against this backdrop that he presents a solo exhibition tomorrow September 11 at Terra Kulture, Victoria Island, Lagos.

With 20 pieces of acrylic paintings, he is bound to charm the viewers with the beautiful play of colours on canvas at the show titled ‘Memorable Glimpse.’ The MA Fine Art graduate at Nottingham Trent University, UK felt his first bout of loneliness when he embarked on his post-graduate studies in the UK. “I felt culture shock so bad because I was so attached to my home. The childhood memories became stronger,’’ he recounted in an electronic chat.

That memory proved to be his succor through that difficult time. He delved deeper into traditional paintings that for that nativity. Through this body of works, he interrogates memory in the frame of the human consciousness in ‘Memory Glimpse.’

“Memorable glimpse is all about how to conquer that inner voice and embrace the challenges, shun narrow-mindedness and

Kindred Minds

develop a greater capacity for enthusiasm to grind my way up the ladder in my art career,’’ he revealed in his artist statement.

Chikezie’s works had been featured in an exhibition in the Nottingham City Council with rave reviews and interviews in both print and electronic media in the UK. With skills honed from his days at the Institute of Management and Technology (IMT) Enugu, he recreates the dynamic of

rural life against a backdrop of indigenous African landscape. His paintings are animated with strong expressions reflecting his ancestral roots. With the benefit of hindsight, he projects his desire to export the cultural identity of African beauty and lifestyle through his recreation of immersive sceneries. The Port-Harcourt based artist is a member of the Portrait Society of America, SAA Britain, and Society of Nigerian Artists.

Nigerian Reggae Festival Unleashes Art, Music Varieties for its 2nd Edition Yinka Olatunbosun The Music Africa Awake Foundation (MUAFA) is set to host six days of visual art exhibition and reggae music festival at the Elegushi Beach Resort at the second edition of the Nigerian Reggae Music Festival.

Running from November 11-16, the festival is aimed at restoring peace and unity in Nigeria and beyond. Billed to perform are 20 Nigerian reggae artistes, and 22 international stars which include nine from Jamaica, three-piece from Ivory Coast, Ghana, two-piece from Trinidad and Tobago and the United Kingdom and a German reggae artiste.

The festival is expected to attract over 500 international visitors.

In a media launch held recently at the Waves Beach, Elegushi Beach Resort, Lekki Lagos, President of Music Africa Awake Organization Vincent Omoko disclosed that the festival was the first of its kind in Nigeria adding that it was being staged in partnership with other organisations like Jamaica Embassy and Arts and Culture to showcase novelty of reggae music from nations around the world.

“We all know that insecurity has been the bane of development in Africa. While we have the Xenophobic attack in South Africa, there is kidnapping and banditry in Northern Nigeria. This is why we hash tagged the event Peace Concert to promote peace, love and unity amongst Nigerian at home and diaspora, and eradicate the issue of Xenophobic attack in South Africa.”

Omoko said there would be a workshop to X-ray risks of early marriage, pregnancy as well as substance abuse among youths. “Our plan is to use the festival to change the mindset of our youths and inculcate in them positive vibes and ideas that would bring progress and development to the country and the world at large.’’

Funds generated from this hybrid event would be used to promote upcoming artists, build hospitals, help widows and orphans and embark on community projects in Nigeria and Africa.

For the founder Music Africa Awake Foundation Prince Emeka Ojukwu peace, one love and unity are essential ingredients for development. “If you look at what is happening in Nigeria and other African countries, there is tension and attacks every day. We feel that Nigeria Reggae Festival could be used to preach peace and unity in Nigeria and Africa so as to build the kind of society everybody will be happy to contribute his/her quota to its growth,’’ he said.

The Project Manager Larry Mamilor who spoke on the tourism gains of the festival emphasized that the state government stands to gain in terms of tourism inflow.

He noted that tourism accounted for 10 percent of the national gross domestic product, seven per cent of world international trade and 30 per cent of the world export services adding that tourism also boast international investments.

On the workshop, Mamilor said that it will focus on how artistes can play music and live comfortably through collection of royalties.

The curator of the art exhibition, Bruno Eke observed that reggae music was is a global culture. for him, the world can glimpse the nature of the Nigerian culture through its contemporary art forms.

“In this festival, there will be a contest for contemporary artists and students with mouth-watering prizes in the offing.

Artists will enjoy a residency programme in a location in Victoria Island for three days simultaneously with the show.”

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Okocha, Fehinty Named Kwik Brand Ambassadors Amid Green Carpet Frenzy Yinka Olatunbosun The roaring power bike blasted through the aisle laid with green carpet. The stupefied audience watched as the towering female form- the Kwik delivery riderremoved the crash helmet as she disembarked from the bike.

Her smile broke the suspense.

Fehintoluwa Okegbenle otherwise known as Fehinty made a memorable entrance to the hall inside Marriot Hotels, GRA Ikeja Lagos as she was unveiled as one of the brand ambassadors for Kwik Delivery, a leading delivery and logistics solution provider.

Some minutes later, she was joined by the Former National Football Team Captain, Austin ‘Jay Jay’ Okocha who rode his Kwik motorcycle calmly, amidst camera flashes to the delight of mobile phone-frenzied audience who applauded him as soon as he was recognized.

The event was declared open by the COO of the technology-driven delivery firm, Yinka Olayanju, while the CEO, Romain Poirot-Lellig ushered in the newly endorsed ambassadors of the brand.

The choice of brand ambassadors for Kwik Delivery is quite interesting given their antecedents in Nigerian history.

Fehinty, on the one hand, is a female power-biker and an entrepreneur with a great passion for travelling to various regions on her power bike. She rode on a power bike from Lagos to Abuja and returned

in one day. Also, she is on record as the first female in Nigeria to complete the 1000 kilometres on a power bike in one day thus winning Iron Butt challenge. On the other hand, Austin Jay Jay Okocha is a phenomenal mid-fielder and Atlanta ‘96 Olympian known for his dribbling skills having played for top international clubs such as PSG, Bolton Wanderers, Hull City amongst others before retiring in 2008.

A very valuable member of the ‘Dream Team,’ he was very fast on the football pitch and retired while the ovation was still loud.

It comes as no surprise that Kwik Delivery recognizes the roles of these two Nigerians in history and has built a connection that will enhance the brand’s visibility.

Since its launch in 2019 in Lagos, Kwik Delivery has become synonymous with swiftness, efficiency, passion, innovation and drive.

“Kwik Delivery is all about enabling Nigerians to succeed in their business endeavors and to win,”Jay Jay Okocha remarked adding that Kwik has a special place in his heart. While reflecting on the company’s reputation for speed and efficient service, he stated: “These are all qualities and virtues which my fans and I fully recognize and that I can proudly defend as Kwik’s brand ambassador.”

Fehinty who is a final-year Accounting student at the Obafemi Awolowo University, Ile Ife has been a rider for 20

months. Within that period, she has made a name for herself, thus inspiring a generation of young women who may aspire for careers or endeavours in a male-dominated field.

“As a biker, I am constantly challenging myself to take be more creative and break new grounds, so I am proud to be associated with a company

like Kwik Delivery which has consistently shown its commitment to innovation, service delivery and excellence through its many packages for Nigerian businesses,” Fehinty said.

Kwik Delivery is a fastgrowing technology company enabling Nigerian businesses and merchants to sell online,

deliver to their customers and get paid in a simple, fast and reliable manner through a smartphone app. It counts close to a thousand delivery partners and over 70,000 B2B customers.

The company currently covers Lagos and Abuja and offers its customers to book bikes, vans and trucks within metropolitan areas.

“We are extremely proud to unveil these two brand ambassadors and we know that they will carry high Kwik Delivery’s values of passion and breaking new grounds,” Romain Poirot-Lellig, the Founder and CEO, Kwik Delivery declared.

Kwik Delivery is the trading name of Africa Delivery Technologies SAS.

Austin Okocha; CEO, Kwik Delivery Romain Poirot-Lellig and Fehintoluwa Okegbenle at the Kwik Brand ambassadors unveiling ceremony in Lagos

Pop Central Launches The Rush Reality TV Show Pop Central is set to excite reality show enthusiasts as the media company debuts The Rush, a high energy, adrenaline pumping and physically intense reality show. The show comes to screens next month and runs till December when the show’s finale will be held.

16 contestants will be selected after an audition process to compete in groups for eight weeks and engage in 39 me-

ticulously designed intensive physical and mental tasks. The Rush is designed to be both exciting and intensive.

The show will have dedicated task segments, contestants in-residence segment, diary room segment, host driver, and voice over to drive the story.

Contestants will vote to eliminate each other weekly, while the viewers will vote to keep their favourites in.

Contestants will also be able to earn immunity through various tasks during the weekdays.

“People are generally intrigued by extreme or intense sports because while most people will not indulge in it, they are in the end captivated by the outcome. We have tapped into this to create The Rush reality show that revolves around adventurous content and healthy competition to en-

tertain viewers and keep them at the edge of their seats”, says Yinka Obebe, Chief Executive Officer, Pop Central TV. The reality show is set in two stages, the task stage and the chillout scenario in the residence. The live residence segment of the show reveals the human side of the contestants after the completion of their arduous challenges which are done outdoors.

The daily residence segment will be aired as a two- hour recap that will run from 7pm to 9pm daily and a rerun the next day from 11am to 1pm on Pop Central DSTV 189.

Registration to participate is now open and interested individuals, males and females between the ages of 18 and 35 can sign up on the Pop Central TV website. Partnerships are also opened to those willing

to take advantage of the fresh twist to reality show programming. “The Nigerian audience is quite aware of how reality shows work. However, The Rush is offering viewers a new exciting and entertaining twist to reality TV programming as they watch and vote for their favourite contestants to get a chance at overcoming extreme routines and tasks”, Obebe concludes.

that when one is hardworking and optimistic, one’s head will eventually bring him or her good-luck.

Indeed, if there is one intriguing trait about Jerro B, it is his confidence about his style of Afro-beat, which is evident in his latest song.

And he isbent on hitting the right notes.

With a song like Ori, which is his second single for this year, Jerro B did the unexpected.

He passed the message of motivation and prayers in a groovy 21st century tune.

Produced by Qasebeatz, Ori is timeless. It sent the message home in a simple yet pleasant standard, devoid of irrelevant

elements.

Already Ori is thrilling and spinning music enthusiasts.

And you might be missing out on a thing or two if you are yet to listen to this rhythmic music. “I encourage music lovers, my fans and everyone out there to listen to Ori to truly appreciate its meaning”, says Jerro B.

Artiste Jerro B Unleashes Single, Ori Rebecca Ejifoma Nigeria’s fast-rising songster, Olomu Jeremia with stage name Jerro B, is gradually establishing himself in Nigeria’s Afro-beat, as he unleashed his banger single, Ori. Set out to satiate the taste buds of music lovers, Ori is

a soulful, motivational music that promotes fortune, godspeed. While the word Ori could be translated into head in the Yoruba language, it is also believed to be the deity of good-luck.

Skillfully, Jerro B weaved his dialect, Isoko from Delta State, into the song, which has a more Yoruba feel. This

is a rare and creative blend, away from the typical. “The Yoruba aspect reflects my place of birth, Osun State,” he chipped in.

For the tuneful singer, the most appealing part of the song is where he encourages everyone to be diligent, “Believe in yourself and do what you know best”. He continued

Gospel Musician, Marvellous Odiete, Returns to Stage with You Are Worthy Rebecca Ejifoma Versatile musician, Marvellous Odiete, who made gospel music more interesting and fun at the MTN Project Fame Season 5 in 2012 with his compelling performances, has returned to the music stage with soulful tune, You Are Worthy.

The artiste, whose stage name is Marvellous, isn’t your regular singer. He steals every show as a singer-songwriter, dancer, dramatist, bass guitarist, entertainer and evangelist,

giving music enthusiasts an extra frisson of excitement on stage with endearing moves and electrifying voice.

Recently, he shared with entertainment writers in Lagos his relaunch into the music space, rediscovering himself, defining his music, empowering young ones, and what he has got up his sleeves since he went off the radar nine years ago.

He relaunched into the industry with his first single, YouAre Worthy, a worship song that can gracefully break the

heavy-hearted. “I dropped You Are Worthy in August.

It’s doing very well, getting great reviews,” he expressed while reminiscing about how he composed it in 2010 in PortHarcourt Rivers State.

Although this is a heartfelt music he wrote while stranded in his darkest moments, it beamed rays of hope for him.

The gospel singer reflected: “At that time depression was setting in. Things weren’t going right in my life and I was beginning to ask God a lot of

questions like what is going on and all I could hear was worship me.”

As comical as that may sound, Marvellous said it wasn’t a funny experience, as he felt stagnation. “It was the best song God gave me at that time. It gave me hope and strength.” In his interpretation, YouAre Worthy encourages the dampened and downtrodden to praise God even in the storm, “So he can take you out of the storm”, as he described one’s praise as one’s weapon.

For the artiste, staying off music simply strengthened his bond with family. It afforded him ample time to do business and man the music arm of Blue Pictures Entertainment with his wife, Mrs. Joy Odiete.

“Part of what we do at Blue Pictures is the entertainment - production, distribution, exhibition, and music. I handle the music part,” he chipped in while highlighting their desire to build a brand, not just for himself

but also for young people who have got something to offer.

Blazing the trail of his father and popular All Glory to the Lord singer, Bishop John Odiete, Marvellous has got some music cooking. His next single, Am Not Alone, has a reggae ethos.

“It is dropping on September 26 by God’s grace. Aside from that we’ve been working and recording. And by God’s grace before the end of next year’s first quarter, the full gospel album should be out.”

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XTRA

Toyin Adeniji: How the Informal Sector Can Access

Government, Private Sector Interventions

ToyinAdeniji is an executive director at Nigeria’s Bank of Industry and a financial services professional with over 28 years of experience in international development, financial inclusion, strategy & business development, microfinance, gender finance, and small and medium enterprise development. In this interview with Chiamaka Ozulumba, she explains how access to government and private sector interventions like Government Enterprise and Empowerment Programme N-Power, the school feeding programme, National Conditional Cash Transfer, and more recently, the National Poverty Reduction with Growth Strategy can be provided to the informal sector What types of businesses make up the informal sector and what are the identifying characteristics of informality? he informal sector is typically made up of micro-enterprises and very small businesses. They form part of the SMEs, that’s Small and Medium Enterprises.

Informal businesses are those that have a sole entrepreneur or a sole person running a business.

In some cases, it will have two to three persons working with them. They experience turnover below a certain amount, and this varies from country to country, from jurisdiction to jurisdiction.

In Nigeria specifically, informal businesses are businesses you see in the markets, running from home or the corner of the streets. They are not usually also documented on the corporate government database. They did not go through the CAC, or through any formal registrations that companies require. As such, they may also not be directly liable for formal government taxes.

T

Despite the fact that the informal sector makes huge contributions to living outcomes, the economy, and overall GDP of the nation, it is still being associated with poverty, weak social and economic conditions amongst other bleak descriptors. What are the government and other critical stakeholders’ responsibilities to substantially deliver solutions that drive sustainable productivity for the sector?

The informal sector needs an ecosystem that will allow them to thrive. The role of the government is to ensure that they provide this ecosystem, and within the ecosystem, you can now begin to point at various issues that have to be dealt with.

Access to funding is very important for the viability of any enterprise no matter what size it is. Access to markets is very important. When they have goods, they have to be able to get their goods to the market and the market has to be able to function for them to be able to exchange goods for money and to make it viable.

Access to information is also very important.

There has to be information and a deliberate attempt to teach financial literacy. There have to be deliberate attempts to onboard them on the financial platforms. I also would like to introduce access to technology.

With the proliferation of mobile phones and smartphones, a lot of people have access to the internet, making access to technology a very critical component of the ecosystem that will make these enterprises thrive.

We find that many micro-businesses operating in the informal sector remain poor and struggle to break even or even scale their businesses. What might be the cause of this phenomenon and how can they be alleviated?

I think the ecosystem in which all businesses operate is a tough one. Either you are a small business, a micro-enterprise, or a large enterprise because the large businesses also need the small ones to survive. It’s really about being able to survive or manage your way through the toughness of that environment.

Despite this fact, I think the government comes into play here. How do we begin to create that ecosystem that will allow these enterprises to thrive? Money or funding is one part of it. Everybody says, ‘cash is king’, we need money to survive but money is just one bit of it. Financial literacy in Nigeria, if I can take a guess, is less than 50 percent. This proves that we need to teach them financial literacy skills and how to apply these skills to their business.

We also have to bring these conversations to the table. We cannot skirt around the issues and hope that things will get better. It is a tough environment. However, there has to be action and action-proof steps that the ecosystem has to bring up and deliver. There has to be a deliberate attempt to make sure that the interventions and policies that surround this ecosystem help these enterprises to thrive.

Toyin Adeniji What is the future of work in Africa’s informal sector and specifically in Nigeria?

How do you see current trends evolving and what roles will skills development, technology, and data play in making the sector more productive?

Well I think in some ways, the questions you asked nearly summarised some of the things I previously said in terms of what roles these things play. We’re in an era of technology, and there are more conversations around big data and artificial intelligence.

There are also conversations on how to use

technology to drive these results and I think that is where we are now.

By data, I’m referring to insights from activities these businesses carry out. For example, when people have bank accounts, the way they run those accounts is captured and there is a database that can be mined and used to develop algorithms that help make funding of these micro enterprises easier. The mined data can be used to discover who is good for data, and who is not. Today we have BVN, NIN, and data gathered together. By capturing all these data in the mega database, it can be used

The informal sector needs an ecosystem that will allow them to thrive. The role of the government is to ensure that they provide this ecosystem, and within the ecosystem, you can now begin to point at various issues that have to be dealt with

to work in what we call digital finance. It can be mined, and used to ensure that these groups are not left out. Data is key. You can’t have the technology and not have data, there has to be a meeting of the two.

What would you say can be done to further reduce the risks of the informal sector getting into being part of this intervention? Secondly, how do we ensure they understand the benefits of what’s being offered?

Information. For example, at the bank of industry all through the pandemic, we have continued and I would nearly say we’ve done better in supporting our portfolio of beneficiaries and have continued to engage them.

Specifically, interest rates were reduced, loan repayment tenants were made longer. We introduced flexibility; some loans were restructured, the moratorium was made to be bigger. As I speak, we continue to look at new ways and new products that will help close that gap.

One of the things that’s also very important is bringing the beneficiaries to the table. It’s one thing for me to say we can do this, but more important is how do we bring the beneficiaries and their voice to the table? Because that is the only way that we can make sure the products we develop are useful and can also impact their lives.

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Papal Investiture for Deserving Men, Women of Integrity Adibe Emenyonu reports on the investiture of Dr. Jackson Gaius-Obaseki and 19 others With Papal Knighthood/Dame of the Catholic Church

Dr. Jackson Gaius-Obaseki (3rd left), wife, Mrs Roxanne Gaius-Obaseki (4th left) and others members of his family after his knighthood investiture

Former GMD of NNPC, Dr. Jackson Gaius-Obaseki and former President Olusegun Obasanjo during the knighthood investiture service.

Arch-bishop Akubeze and Dr. Gaius-Obaseki

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he Catholic Archdiocese of Benin City, Edo State was agog Saturday, August 7, 2021 when the Holy Father, Pope Francis bestowed Papal Knighthood on 20 faithfuls of the church.

The investiture was performed on behalf of the Pope by the Archbishop of Benin Metropolitan See, His Grace, Most Rev. Augustine Obiora Akubeze at St. Paul’s Catholic Cathedral.

The investiture attracted high profile dignitaries like, former President of the Federal Republic of Nigeria, Chief Olusegun Obasanjo; Governor Godwin Obaseki of Edo State, represented by wife, Betsy; Edo State Deputy Governor, Mr. Philip Shaibu and wife, Maryann; former Governor of Cross River State, Mr. Donald Duke; and one-time Governor of Edo State as well as former National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun.

Others present were: former NBA President, Augustine Alegeh, SAN; the Esama of Benin, Chief Gabriel Igbinedion; former Minister of Defence, Major-Gen. Godwin Abbe (rtd); and former Deputy Governor of Edo State and CoS to President Goodluck Jonathan, Chief Mike Oghiadomhe, among others.

Speaking during a Mass to commemorate the ceremony which attracted friends, family members and archdiocesan faithful, Archbishop Akubeze said “We are proud to announce that Pope Francis has today, bestowed Papal Honors upon 20 individuals for their dedication and exceptional service to the church in Benin.

Of the one score honoured, seven were named Knights/Dames St. Gregory the Great. They are, former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Jackson Gaius-Obaseki; Fedinand Orbih, SAN, Andrew Agenmonmen, Johnson Aghedo, Richard Iyasere, Michael Enaboifoh and Patrick Ezeli.

The five Dames are; Mrs. Agatha Agenmonmen, Mrs. Clementina Aghedo, Mrs. Dorothy Ikheloa, Mrs.Florence Eweka and Mrs. Patricia Uujamhan .

Similarly, eight men and women were conferred with Knights/Dames of St. Sylvester the Pope.

They included Godwin Osayande, Cyril Onyema, Joseph Iduozee, Joe Acha, Andrew Egonmwan and Albert Ikheloa, while the Dames are Mrs Betty Igbeyi, and Mrs Helen Lola-Ebueku.

Continuing, Archbishop Akubeze remarked, “Each person recognised by the Pope has

Each person recognised by the Pope has performed some exceptional service for the church or offered some form of outstanding Christian witness in a generous and sustained way – in education, philanthropy, diaconal and religious life, vocations work, social ministry, and other apostolates. Each has earned the gratitude of the Holy Father and our whole Catholic community performed some exceptional service for the church or offered some form of outstanding Christian witness in a generous and sustained way – in education, philanthropy, diaconal and religious life, vocations work, social ministry, and other apostolates. Each has earned the gratitude of the Holy Father and our whole Catholic community.”

According to him, those selected are persons found to be of unblemished character; who have promoted the interest of society, the Catholic Church and the Holy See (Vatican).

“To the glory of God and in recognition of their contributions to the mission of Church, it gives me pleasure to announce the decision of the Holy Father, Pope Francis to confer Papal honour on these lay faithful of our Archdiocese.

“On behalf of the Clergy, the religious and the lay faithful of the Archdiocese of Benin City, we congratulate the honourees and we urge them to continue the good work.

“It is our prayer that the good Lord will sense their strength as they aspire to dedicate themselves more intently to the service of the church and our Archdiocese”, the Archbishop declared.

He further added that of most important is that each represents and stands in for the many thousands of other committed Catholics who serve the Gospel every day with the same fidelity and unselfish love, noting however, that Christian discipleship is not about accumulating honours but that of friendship with God.

Nevertheless, the Archbishop stated that these special expressions of papal praise and gratitude are moments of grace for everyone as they’re meant to be a source of joy for the whole local Church.

He said: “These Christian men and women have been honoured by the Holy Father with the knighthood and Dames of St. Gregory The Great; knighthood and Dames of St. Sylvester The Pope.”

Papal Knight/Dame is an honour or title of nobility conferred by the Pope in his capacity as temporal sovereign.

There are five categories of papal knighthood.

They are in descending rank: the Supreme Order of Christ, the Order of the Golden Spur, the Order of Pius IX, the Order of St Gregory the Great, and the Order of St Sylvester the Pope and Martyr.

The first is conferred directly by the Holy Father but extremely rarely as its last member died in 1993 and is reserved for Catholic heads of state for key involvement in an event attended by the Pope.

Presently, there is no living members of the Order of the Golden Spur, an honour made by the pope on his own impulse. The last member, Jean, the Grand Duke of Luxembourg, died recently.

The remaining three orders are open to Catholics and non-Catholics alike, and to men (knights) and women (Dames), with the Order of Pius IX – the Pian Order–the highest award made at present, usually to diplomats.

The Order of St. Gregory is for conspicuous lay service to the Church on the recommendation of a diocesan Bishop with the support of the Papal Nuncio. Likewise the Order of St. Sylvester which is awarded on the advice of a bishop to laity distinguished by their service, particularly in the apostolates.

Among the orders, are decorations, and medals of the Holy See which include titles, chivalric orders, distinctions and medals honoured by the Holy See, with the Pope as the fount of honour, for deeds and merits.

High point of the ceremony was the filling out of respective recipients to receive the sword, medal and hat, as a sign of oath of allegiance and soldiers of Christ with a charge to defend the church and their religious faith.

In appreciation, all the awardees retired to their various homes to entertain their guests.

In particular, one of these, is Rt. Chevalier (Hon.) Jackson Gaius Obaseki as his title now read, not only entertained his guests but was honoured the following day by his parish, St. Augustine Catholic Church for being a good ambassador.

During the Mass officiated by the Archbishop of Benin City, Most Are. Dr. Augustine Obiora Akubeze, Jackson Obaseki was described by the Archbishop as “A man of uncommon character, gentle and unassuming.”

To Rev. For. Anthony Nkom, Parish Priest of St. Augustine Catholic Church, Jackson Gaius-Obaseki “is a man surrounded by the grace of God, hence he succeeds in whatever he does; a good man in all ramifications, well organised and simple.”

Also, the Rector, St. Paul’s Minor Seminary had this to say about Gaius-Obaseki: “Dr. Jackson Gaius-Obaseki is one of the few Nigerians who returned from retirement and was not accused of corruption and money laundering.”

Little wonder in appreciating the awardee, Chairman, Organising Committee, Sir. Austin Odigie (KSP), expressed gratitude to all and sundry for their wonderful support all through the epoch making event especially for their spontaneous responses to calls and goodwill messages waiting a limited time. He also thanked the pastoral team whose motivation powered the organising committee to achieve whatever success that was achieved in the quest to honour one of their parishioners who have made them proud as one of those invested with Papal knighthood, one of the highest order in Catholicism.

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POLSCOPE

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áÓÞÒ ÎÎã ÎÓàáÜÓ ÏÎÎã˛ÙÎÓàáÜÓ̶ÞÒÓÝÎËãÖÓàÏ˛ÍÙט ͸΀͸ͽ ͻ͸; ΁ͻͽ;

When Will Nigeria’s Electricity Supply Be Stable?

F

or decades now, one of the earliest sentences a new born baby first learns to speak in Nigeria is “Up NEPA”, especially children in the urban and semi-urban centres. Till date, it remains one of the signature excitement lingos in every community. And this is more than ten years after NEPA (National Electricity Power Authority) has changed its name and gone through several transformation in structure and nomenclature.

But NEPA or whatever it is now called, is like the ancient leopard that does not change its spots. NEPA and its generational offspring are yet badged with the signature malaise of unstable electricity, and whenever electricity is restored, the community goes agog in the ecstasy of UP NEPA shouts and jubilations.

Yet, it remains one major issue every succeeding government, since the dawn of this democracy, had had to tackle or pretend to tackle.

I recall that as the State House correspondent of this newspaper, in late 2001, we had gone to the International Conference Centre Abuja, one Monday morning, for the launch of then President Olusegun Obasanjo’s book: The New Dawn. It was a collection of the many speeches he had made within and outside Nigeria at the time. Then Rev Fr Hassan Kukah was the book reviewer. I recall how he queried the title of the book, asking that if as at 2001, we were just experiencing new dawn as a nation (as the book suggested), then when are we, as a people, going to experience day break and sunshine? Perhaps true to his worry, we have remained bed-straggled at the point of dawn ever since. We have not quite seen sunshine, 20 years after!

At the event, then President Olusegun Obasanjo, when he spoke, lamented about the state of the electricity supply in Nigeria. He claimed that it was a major concern to his government and that his accepting to run for a second term would depend on how much he is able to fix the electricity problem. It turned out a mere political gimmick to make it look like he was so concerned about it and that he could hang his political career on it. He nibbled around it for years without any significant improvement, even though his administration started the unbundling of NEPA and the privatization scheme. But despite the poor showing on electricity supply, President Obasanjo not only went on to contest for second term, he even wanted a third term, no thanks to the manipulative moves of then senate Deputy President, Ibrahim Mantu (who died recently); but for the decisive knock of then Senate President, Senator Ken Nnamani.

And that ruined that ill plot.

Whatever gain Obasanjo made in the pursuit of stable electricity was halted, if not reversed by late President Yar’Adua, when he suspended all that was going on in that regard. I recall that the House of Reps team, led by Hon Ndudi Elumelu, sent to audit what was on ground got enmeshed in a credibility crisis as the team was accused of being compromised by those building the various power stations across the country. All that caused a huge setback in the quest for stable electricity in the country.

I cannot readily remember if the Goodluck Jonathan administration did anything significant on electricity, except the unbundling of PHCN to three sub-sectors of Generation company Distribution company, and Transmission Company.

The essence was to reduce and redistribute the burden of a complex entity like NEPA to three agencies, with the overall aim of improving service delivery. But like the nose of a dog, the more you wash, the darker it becomes. The Energy concern in Nigeria has gone through lots of structural transformation in name and shape, but its ability has remained deformed.

No effort ever seems enough to break the jinx of the electricity enigma. As late Fela Anikulapo would sing: every day na the same thing…

Nigerians have got so used to the oddity of darkness and irregular electricity that they seem to have choicelessly adjusted to it.

The Buhari administration is said to have been struggling to ensure that the cost of electricity supply does not increase, as the various DISCOs have been threatening to increase electricity tariff.

Secretly, the Buhari administration has thus been subsidizing electricity supply in Nigeria for almost all the time the administration has been in power. Yet, power supply remains epileptic, shamefully.

The Buhari administration practically began building our generation capacity from the scratch, as it inherited less than 3000 megawatts from the Jonathan administration. Whereas a small country like South Africa with less than a third of Nigeria’s population runs with over 58,000 megawatts, Nigeria is still struggling with about 13,000 megawatts today.

Those who understand the technicality of electricity issue explain that the problem is with the distribution, since enough electricity is generated, but the DISCOs lack the capacity to

Buhari

Minister of Power, Abubakar Aliyu

distribute to all Nigerians. That is why even countries like Ghana and Benin Republic which tap from the electricity generated in Nigeria, do have better electricity supply than Nigeria. We don’t all have to be Energy engineers or energy experts. Just give us light as it happens in other countries.

The DISCOs have been pushing some awkward arguments in recent times that if Nigerians are given stable electricity, they will not be able to pay. Indeed, some communities in Lagos, like Magodo et al, for instance, which have entered into some special arrangement with the relevant Distribution companies do enjoy stable electricity supply because they pay almost three times or more, what others are charged.

So, the question is what is so complex about the distribution of generated electricity that Nigeria can neither afford nor get right? If Benin Republic and Ghana can better utilize the generated megawatts from Nigeria, why is Nigeria floundering and fumbling?

Recently, Sunday Igboho, the Yoruba separatist agitator recently arrested and detained in Benin Republic had declared that he’d rather remain in Cotonou, as it has better and more stable electricity supply than Nigeria! That is a country that looks almost like a vassal of Nigeria, as the latter functions as its Oxygen machine. Just why is it looking like stable electricity supply in Nigeria is an enigma? Nigerians are tired of the silly and draggy excuses clothed in technical and obfuscated jargons. The DISCOs should either perform or be sacked.

We have suffered and groaned enough!

Many years ago, it was alleged that the association of Generator sellers are the ones doling out financial favours to then NEPA to ensure that electricity supply is not stable, so Nigerian will have to come buy their generators, to keep them in business. Today, Diesel marketers have been joined to the list of those bribing “NEPA” to keep cutting electricity supply.

Crude and pedestrian as the allegation may seem, it does truly appear like there is a connect between generator sellers and the DISCOs. An average home in Lagos has at least one or more generators. Imagine the number of the generators in just a hundred streets in Lagos. That also explains why there is huge consumption of petrol or diesel in the country. Go to a filling station in the evening, the number of people buying into Jerry cans (for generators) is more than the

people buying into their cars. The ripple effects of this malaise are unimaginable.

Owning a generator is no longer a status symbol. Everybody has at least one. What defines the status is the size and capacity of the generator you have.

The bigger you are, the bigger and more sophisticated your generator will be. As I write this, my ear is buzzing silly with the amalgam of noise from surrounding generators, both from mine and those of my neighbours. Nobody seems to be worrying about the noise pollution or worse still, the environmental pollution these generators cause us. Are we still wondering why we now have all kinds of cancer and strange diseases afflicting us, when we all breathe in toxic and contaminated air?

Back to the Distribution companies (DISCOs), Nigerians feel exploited by the DISCOs. They hold Nigerians to ransom.

They cause/compel communities and certain neighbourhoods to contribute money to buy transformers, cables, poles, wires and all sorts of electricity equipment, yet they still bring what they themselves have chosen to call “Crazy Bills”. With the absence of pre-paid meters, the DISCOs have been relishing in sending wild estimated bills to the chagrin of the people. Everything in Nigeria gets complicated. Everything gets corrupted and frustrated. A different company was set up to supply pre-paid meters. But more than ten years after, many communities, towns and cities are yet to be given pre-paid meters, long after the people have even paid for them. The few available ones have to be issued to those who can bribe the most. In my private office, we had applied to Ikeja Distribution Company (IKDC) for over six years for pre-paid meters, fulfilled all their requirements, yet they choose to stick to sending estimated bills, because it pays them better.

What kind of country is this!

Also recently, our electricity supply in my FESTAC residence was disconnected because some persons are owing their electricity bills, even when some homes are on prepaid meters. The Eko Distribution Company (EKDC) does not have the mechanism to separate the customers at the feeder pillars.

So both those on pre-paid meters and those on estimated billing system are lumped together in the one and same feeder pillar, cubicle etc. And when defaulting customers have to be punished, they are punished along with even pre-paid metered homes.

This is 21stcentury. They collect Bills that reflect the reality of today but still operate with the technology of the pre-Awolowo days.

The painful thing is that electricity has become so central to modern living, and so cannot be ignored or dared. Responsible governments all over the world know this, and that is why it is a cardinal indices of sociometric measurement.

How can a country want to develop without electricity? How does the Buhari administration want to create jobs without stable electricity?

Have some companies like Michellin not packed out of Nigeria because of poor electricity supply? Not only industries are packing out, many Nigerians are “checking out”, likeAndrew. Go to any embassy and see the volume of Nigerians struggling to get out and you’d understand that all is not well here.

Industries spend humongous sums every year generating their own electricity. The arising cost is transferred on the cost of their finished products. That explains why some locally-produced goods (like even rice) are far more expensive than imported ones. How long shall we have to run round the circle on this matter? It’s practically been so much motion, no movement. What did the advanced countries do to scale over this problem that Nigeria with all its wealth cannot do? Are we jinxed? If heads need to roll, so be it.

Let the heads roll in abundance.

Again, we are tired of excuses and unhelpful explanations. Just let there be light!

Many had thought the Buhari administration would decisively tackle the mess in the electricity industry and at least bequeath that legacy of restored and improved electricity supply to Nigerians. But the Buhari administration, as in many areas, has been romancing with the cabals that have ensured that things don’t work in Nigeria.

In desperation, nurtured by frustration, many Nigerians have come to embrace the technology of solar energy and inverter energy, as alternatives. But even then, they do not come cheap and they have their own limitations. How, for instance, would an industrial machine be powered by solar energy or inverter? Yes, they may help to supply light and power few low-capacity items like fans and fridges, they cannot truly take the place of regular electricity.

All said, the Buhari administration still has a slim chance of changing the narrative on this all-important issue. And I dare say, that unless and until we fix the energy issue in Nigeria we would continue to under-fire with all the concomitant drawbacks.

36

T H I S D AY ˾ ˜ SEPTEMBER 10, 2021

BUSINESS/MONEYGUIDE

FCMB Boss Charges SMEs to Adopt Corporate Governance Practices Business leader and first female Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, has charged corporate organisations, particularly micro-businesses, to adopt sound corporate governance practices in order to stand the test of time.

She made this call as the guest speaker at the inaugural Corporate Governance and Enterprise Development Conference organised by H. Michael & Co in Lagos.

The theme of the conference was, “Corporate Governance Best Practices: Imperatives for Business Sustainability.”

Addressing the conference’s physical and online audience, the FMCB boss noted that no business could stand the test of time without sound corporate

governance practices. She made it clear that micro-businesses also require the same to achieve optimum performance and sustainable growth. So, the Bank Chief charged small businesses to imbibe corporate governance practices.

Edun listed the long-term benefits of sound corporate governance practice as strong brand equity, decreasing risks, reducing capital cost, and enhanced performance. She added that only businesses with solid corporate governance practices could stimulate economic growth and enhance innovation while protecting communities and the environment in their daily activities.

In his keynote address, Professor Sunday Owolabi, former

Deputy Vice-Chancellor, Babcock University, simplified corporate governance to “doing the right when no one is looking.” He affirmed the advice of the Managing Director of FCMB to businesses to always do the right thing all the time, even when they seem to be at a disadvantage.

Owolabi urged businesses to self-regulate and embrace full disclosure and accountability. They are the building blocks of enduring institutions that outlive their founders. He also advised the Financial Reporting Council of Nigeria to consolidate the country’s multi-sector codes of corporate governance into a single omnibus document for corporations in Nigeria.

Yemisi Edun

MARKET INDICATORS

NACCIMA Commends FG’s Approval of 5G Dike Onwuamaeze The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended the federal government’s approval of the Fifth Generation Network, commonly referred to as 5G technology, saying that it demonstrated the government’s commitment to the growth and development of the telecommunication sector and digital economy in the country.

The Director General of NACCIMA, Ambassador Ayo Olukanni, said yesterday that the launching of the 5G network would play a crucial role in expanding business opportunities for young tech entrepreneurs who are leveraging on technology to create innovative businesses and

start-ups in the area of fintech, agrictech, smart-apps for farming services, and other sectors of the economy.

Olukanni said: “It is also worthy of note, that the 5G network will not only contribute to the growth of the Nigerian economy but will help to boost education, activities in the health sector as well as assist our security outfits to combat, crimes, banditry and kidnapping in different parts of the country.

“NACCIMA is also delighted that the 5G policy, which is a component part of the 2020-2025 National Broadband Plan (NBP) is now coming on stream. The association is, therefore, calling for full integration of the private sector in the implementation of that NBP designed for expansion of the digital economy.”

He added that the current National President of the NACCIMA Administration, Mr. J. Udeagbala, has made harnessing of information and communication technology one of his priorities and is therefore ready to work with all stakeholders toA ensure that the new 5G policy and NBP truly becomes a platform to scale up business opportunities; especially for young people who see several opportunities in it and have decided to embrace tech entrepreneurship as a way out of unemployment.

“With the 5G policy Nigeria has truly taken a major step forward to significantly improve its Digital Infrastructure and the private sector must be given a key role to play to fully harness the potentials,” Olukanni said.

eTranzact Renews ISO 9001 to Enhance Service Delivery Nume Ekeghe Payment service provider, eTranzact International Plc, has announced that it has received the ISO 9001: 2015 recertification; a development it stated will enhance its service delivery.

The effort, it stated in a statement, makes it one of the few Nigeria’s companies that have received the certification.

“ISO 9001: 2015 standard is the world’s most recognised quality management systems, which outline a set of standards that help organisations to ensure that the expectations of business customers and other stakeholders are more effectively delivered. It

helps organisations to meet their needs within stipulated regulatory requirements as they relate to products and services, “it stated.

Managing Director of eTranzact, Olaniyi Toluwalope, in the statement stated that the recertification validated the company’s high operational standards and uncompromising commitment to excellent service delivery, and absolute compliance with regulatory requirements, which conforms to global business ethics.

He states: “The recertification validates all areas of our business operations, especially in respect to our payment platform uptime, product development and customer service.”

Commenting on the recent recertification, the Chief Risk Officer, Oluwafemi Aminu, said the Standards Organization of Nigeria (SON), assessed the company based on quality management principles, process approach, people management, leadership, customer satisfaction, relationship management, and stakeholders’ engagement among others for renewal of the quality certification. According to him: “eTranzact will keep achieving greater consistency in service delivery, improving customers’ satisfaction, enhancing business efficiency, while exploring new markets.”

Zenith Bank Promotes National Unity Mary Nnah Group Managing Director, Zenith Bank’s Mr. Ebenezer Onyeagwu has said that the bank is committed to upholding the spirit of national pride and unity.

This was revealed at an event where the Africa Comedy Academy (AFRICAs) announced the Nigeria’s leading financial institution as the title sponsor

for the second edition of its Independence Day Show, Laughter on Lockdown, the first and only entertainment variety show to be broadcast live to over 10 million people in 52 countries in Africa.

According to Onyeagwu, our collective essence as Nigerians shows that despite our differences, we are determined to remain united as a nation.

He said, “we are renowned for creating value for our customers

and the Laughter on Lockdown show presents a light-hearted opportunity for us to remind everyone what being a Nigerian truly means.”

Onyeagwu stressed further that Zenith bank remains focused on providing superior customer experiences through its commitment to global best practices as well as leveraging technology and our expertise to improve our service offerings.

MONEY AND CREDIT STATISTICS

(MILLION NAIRA)

JANUARY 2021 Money Supply (M3)

38,779,455.43

-- CBN Bills Held by Money Holding Sectors

1,039,129.55

Money Supply (M2)

37,740,325.88

-- Quasi Money

21,779,302.69

-- Narrow Money (M1)

15,961,023.19

---- Currency Outside Banks

2,364,871.13

---- Demand Deposits

13,596,152.06

Net Foreign Assets (NFA)

7,414,275.50

Net Domestic Assets(NDA)

31,365,179.93

-- Net Domestic Credit (NDC)

42,916,586.63

---- Credit to Government (Net)

12,304,773.44

---- Memo: Credit to Govt. (Net) less FMA

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

30,611,813.19

--Other Assets Net

3,892,112.74

Reserve Money (Base Money

13,264,585.14

--Currency in Circulation

2,831,167.19

--Banks Reserves --Special Intervention Reserves

10,433,417.96 317,234.17

˾ ÙßÜÍÏ ̋

Money Market Indicators (in Percentage) Month

March 2018

Inter-Bank Call Rate

15.16

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

14.00

Treasury Bill Rate

11.84

Savings Deposit Rate

4.07

1 Month Deposit Rate

8.82

3 Months Deposit Rate

9.72

6 Months Deposit Rate

10.93

12 Months Deposit Rate

10.21

Prime Lending rate

17.35

Maximum Lending Rate

31.55

˾ ÙØÏÞËÜã ÙÖÓÍã ËÞÏ ̋ ͯͱϱ

OPEC DAILY BASKET PRICE AS AT WEDNESDAY, SEPTEMBER 8

The price of OPEC basket of thirteen crudes stood at $71.35 a barrel on Tuesday, compared with $71.30 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

37

T H I S D AY ˾ ˜ ͯͮ˜ ͰͮͰͯ

Ogunbanjo : NGX Group Well-positioned to Deliver Value to Shareholders Darasimi Adebisi The Group Chairman, Nigerian Exchange Group Plc (NGX Group), Mr. Otunba Abimbola Ogunbanjo yesterday expressed optimistic that the Group is well-positioned to deliver value to shareholders.

He stated this at the first Annual General Meeting (AGM) of the Group as a demutualised, shareholder-owned, for-profit entity.

Ogunbanjo said, “This meeting is also historic in that it marks the first time in the history of the NGX Group that its AGM will hold outside the hallowed confines of the Exchange House in Lagos and we have chosen the Federal Capital Territory – Abuja – in recognition of the integral role the Federal Government of Nigeria played in actualising the demutualisation of NSE and its support in establishing NGX Group.

P R I C E S MAIN BOARD

F O R DEALS

“I am both thankful for the invaluable support of our stakeholders and proud of the resilience NGX Group continues to demonstrate after over six decades.

Despite the global pandemic and other economic shocks, it is indeed noteworthy that we have already begun to actualise the benefits of demutualisation including the alignment of stakeholders’ interests in the value created by the new Group under a revised Corporate Governance framework.”

S E C U R I T I E S MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N )

Speaking on outcomes of the AGM, Ogunbanjo stated: “We received approval of new equity-based incentive schemes for employees which are in line with the authority granted to Directors by then Members of NSE at an Extraordinary General Meeting conducted in March 2020 and adhere to global best practices allowing us to attract and retain the best talent. Shareholders of NGX Group, formerly The Nigerian Stock Exchange (NSE),

T R A D E D MAIN BOARD

A S

voted in support of the resolutions presented by the Group at AGM. In addition to the re-election of the Non-Executive Directors who were retiring by rotation and the election of the members of the Audit Committee, shareholders also approved the proposed remuneration for the Board and non-executive members of the erstwhile National Council of the NSE. Shareholders approved the group’s proposals to introduce equity-based incentives to em-

O F

ployees’ remuneration, including an Employee Share Ownership Plan and a Long-Term Incentive Plan, aligning the interests of internal stakeholders with those of shareholders in long term value creation.

Speaking at the AGM, the Group Managing Director/Chief Executive Officer, NGX Group Plc, Oscar Onyema, expressed that: “We thank our shareholders for their support of the resolutions proposed at today’s meeting.

0 9 / 0 9 / 2 0 2 1 DEALS

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

38

˾ FRIDAY, SEPTEMBER 10, 2021

Friday, September 10, 2021

s

Thisday 40 40 Index rosefell 2bps ThisdayAfrinvest Afrinvest Index by 14bps The ĨƌŝŶǀĞƐƚ ϰϬ /ŶĚĞdž ƌŽƐĞ ϮďƉƐ ƚŽ ĐůŽƐĞ Ăƚ ϭ͕ϲϱϲ͘ϳϴ The dŚŝƐĚĂLJ dŚŝƐĚĂLJ ĨƌŝŶǀĞƐƚ ϰϬ /ŶĚĞdž ĚĞĐůŝŶĞĚ ďLJ ϭϰďƉƐ ƚŽ ƐĞƩůĞ

THISDAY AFRINVEST 40 INDEX

points driven by buying interest in GTCO ;нϬ͘ϮйͿ͕ UBA (+4.7%) and

at 1,674.89 points due to sell-pressure on ZENITH (-0.6%),

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WAPCO (-1.3%), and UBA (-0.7%). These stocks cumula-

index.

Fundamental Performance Metrics for THISDAY AFRINVEST 40 Index

ƟǀĞůLJ ĂĐĐŽƵŶƚ ĨŽƌ ϭϯ͘Ϯй͘

zĞƐƚĞƌĚĂLJ͕ ƉƌŝĐĞ ƵƉƟĐŬ ŝŶ ,KEz&>KhZ zĞƐƚĞƌĚĂLJ͕ ƚŚĞ ůŽĐĂů ďŽƵƌƐĞ ĞdžƚĞŶĚĞĚ ŝƚƐ ŶĞŐĂƟǀĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽŶ

THISDAY AFRINVEST 40

1,656.78

0.02%

12.9%

65.7%

15.0%

3.5%

750.00

0.0%

29.6%

-12.0%

-12.0%

12.3%

4.4%

68.00

0.0%

10.6%

-12.1%

-12.1%

19.1%

11.2%

32.7x

6.2x

27.10

0.2%

8.4%

-16.2%

-16.2%

26.6%

4.3%

4.1x

1.0x

11.1%

24.2% 31.2%

1 Airtel Africa PLC 2 BUA Cement Plc 3 Guaranty Trust Holding Co PLC 4 Zenith Bank PLC

(+9.8%),of sell E' D ;нϯ͘ϯйͿ͕ ĂŶĚ & E, (+0.7%) account pressure on ZENITH (-0.8%), STANBIC (-0.5%),boland ACCESS (-Ϭ͘ϱйͿ͘ ĐĐŽƌĚŝŶŐůLJ͕ ƚŚĞ E'y Indexas recorded stered ƉŽƐŝƟǀĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽŶ the ůů-Share local bourse the All-a 1bp decline ƚŽ ĐůŽƐĞ Ăƚ ϯϵ͕ϮϬϭ͘ϯϯ points, YTD Share index roseloss worsened to byϮ͘ϳй ǁŚŝůĞ ŵĂƌŬĞƚ ĐĂƉŝƚĂůŝƐĂƟŽŶ ĨĞůů ďLJ േϭ͘ϳďŶ to േϮϬ͘ϰƚŶ͘ dƌĂĚͲ

11bps to 39,550.36 points. ŽŶƐĞƋƵĞŶƚůLJ͕ zd ůŽƐƐ ŝŵͲ

ŝŶŐ ĂĐƟǀŝƚLJ ǁĂƐ ŵŝdžĞĚ ĂƐ ǀŽůƵŵĞ ƚƌĂĚĞĚ ĨĞůů ďLJ ϭ͘Ϭй ƚŽ ϯϱϬ͘ϱŵ

proved to -1.8% while ŵĂƌŬĞƚ ĐĂƉŝƚĂůŝƐĂƟŽŶ ƌŽƐĞ ďLJ

units while value traded rose by 4.5% to േϯ͘ϯďŶ͘ dŚĞ ŵŽƐƚ ƚƌĂĚĞĚ

േϮϯ͘ϰďŶ ƚŽ േϮϬ͘ϲƚŶ͘ dƌĂĚŝŶŐ ĂĐƟǀŝƚLJ ǁĂƐ ŵŝdžĞĚ ĂƐ ǀŽůƵŵĞ

stocks by volume were FBNH (97.7m units), WEMABANK (74.9m

ƚƌĂĚĞĚ ĚĞĐůŝŶĞĚ ďLJ Ϯϭ͘ϲй ƚŽ ϭϭϬ͘ϴŵ ƵŶŝƚƐ ǁŚŝůĞ value

units), and ACCESS (47.8m units) while FBNH ;േϳϮϵ͘ϲŵͿ͕ NIGERI-

ƚƌĂĚĞĚ ƌŽƐĞ ďLJ ;േϰϴϲ͘ϴŵͿ͕ ϴϴ͘ϱй ƚŽ ĂŶĚ േϯ͘ϭďŶ͘ The;േϰϱϭ͘ϮŵͿ most traded AN BREWERIES ACCESS ůĞĚ ďLJstocks value. by volume were dZ E^ KZW ;ϭϭ͘ϵŵ ƵŶŝƚƐͿ͕ & E, (11.1m

5 Dangote Cement PLC 6 MTN Nigeria Communications PLC 7 Nestle Nigeria PLC

E' D ;േϭϰϱ͘ϬŵͿ͕ ĂŶĚ 'd K ;േϭϯϰ͘ϴŵͿ ůĞĚ ďLJ ǀĂůƵĞ͘ WĞƌĨŽƌŵĂŶĐĞ ǁĂƐ ŵŝdžĞĚ ĂĐƌŽƐƐ ƐĞĐƚŽƌƐ ƵŶĚĞƌ ŽƵƌ ĐŽǀĞƌĂŐĞ ĂƐ 3 ŝŶĚŝĐĞƐ ŐĂŝŶĞĚ͕ Ϯ fell, while the AFR-ICT index ƌĞŵĂŝŶĞĚ ŇĂƚ͘ dŚĞ

Oil & Gas index led the gainers, up 0.6% driven by sus-

Bearish Sector Performance

tained ďƵLJŝŶŐ ŝŶƚĞƌĞƐƚ ŝŶ K E K ;нϯ͘ϭйͿ͘ >ŝŬĞǁŝƐĞ͕ ƚŚĞ Consumer

(-0.4%).

9.1%),

hE/> s Z

(-3.5%),

>/E< ^^hZ

and D E^ Z (-Ϯ͘ϮйͿ͘ ^ŝŵŝůĂƌůLJ͕ ƚŚĞ Kŝů Θ 'ĂƐ ĂŶĚ ĂŶŬͲ

Investor ƐĞŶƟŵĞŶƚ͕ ĂƐ ŵĞĂƐƵƌĞĚ ďLJ ŵĂƌŬĞƚ ďƌĞĂĚƚŚ ;ĂĚǀĂŶĐĞͬ

ŽīƐ ŝŶ K E K (-0.8%), E/d, (-Ϭ͘ϮйͿ͕ ĂŶĚ 'd K ;-Ϭ͘ϮйͿ͘

ĚĞĐůŝŶĞ ƌĂƟŽͿ͕ ǁĞĂŬĞŶĞĚ ƚŽ Ϭ͘ϱdž ĨƌŽŵ ϭ͘ϭdž ĂƐ ϵ stocks advanced

2.2% 3.1%

23.80

-0.8%

6.9%

-4.0%

-4.0%

21.8%

2.9%

3.2x

0.7x

12.6%

245.00

0.0%

6.5%

0.0%

0.0%

44.7%

17.5%

12.3x

5.3x

6.5%

8.1%

172.50

0.0%

5.3%

1.5%

1.5%

143.0%

12.4%

13.9x

17.5x

6.1%

7.2%

3.9%

-7.0%

-7.0%

143.5%

17.1%

28.4x

48.6x

4.3%

3.5%

3.8%

6.4%

6.4%

9.9%

7.1%

10.1x

1.0x

4.4%

9.9%

18.3%

1.5%

2.5x

0.4x

9.0%

39.7%

2.2x

0.4x

6.8%

46.3% 28.6%

3.4%

11.2%

11.2%

4.7%

2.6%

-9.2%

-9.2%

7.50

0.7%

2.7%

4.9%

4.9%

10.6%

1.0%

3.5x

0.4x

6.0%

12 Nigerian Brew eries PLC 13 Stanbic IBTC Holdings PLC

48.65

1.2%

1.9%

-13.1%

-13.1%

5.6%

2.2%

40.8x

2.3x

1.9%

2.5%

38.80

-0.5%

2.2%

2.8%

2.8%

17.4%

2.1%

8.4x

1.3x

10.6%

11.9%

-5.9%

-2.5%

14 International Brew eries PLC 15 Flour Mills of Nigeria PLC 16 SEPLAT Energy PLC

21 Dangote Sugar Refinery PLC 22 FCMB Group Plc 23 Sterling Bank PLC 24 NASCON Allied Industries PLC 25 Transnational Corp of Nigeria

30 Guinness Nigeria PLC 31 Custodian and Allied Insurance 32 AIICO Insurance PLC 33 Total Nigeria PLC

ŽŶǀĞƌƐĞůLJ͕ ƚŚĞ /ŶĚƵƐƚƌŝĂů 'ŽŽĚƐ ŝŶĚĞdž ǁĂƐ ƚŚĞ ůŽŶĞ ŐĂŝŶͲ

4.80

0.0%

1.3%

-19.3%

-19.3%

28.75

0.0%

1.2%

10.6%

10.6%

759.70

0.0%

2.1%

88.8%

0.0%

19 Fidelity Bank PLC 20 Ecobank Transnational Inc

88.8%

3.1%

1.7%

-100.0%

7.4%

3.2%

0.9x

-13.3%

0.7x

5.7%

20.2x

0.6x

5.7%

5.0%

110.00

0.0%

1.0%

20.9%

20.9%

37.4%

23.6%

8.1x

2.8x

6.5%

12.3%

2.30

-1.3%

0.7%

-8.7%

-8.7%

11.4%

1.1%

2.3x

0.3x

9.6%

43.6%

5.20

0.0%

0.6%

-13.3%

-13.3%

1.5%

0.1%

17.3x

0.2x

17.50

0.0%

0.6%

-0.6%

-0.6%

25.6%

12.1%

6.8x

1.6x

8.6%

14.8%

5.8%

2.95

-1.7%

0.5%

-11.4%

-11.4%

1.50

-3.2%

0.3%

-26.5%

-26.5%

8.9%

0.8%

3.8x

0.3x

3.3%

14.15

0.0%

0.4%

-2.4%

-2.4%

20.7%

5.9%

14.1x

2.9x

2.8%

7.1%

0.91

-1.1%

0.4%

1.1%

1.1%

-1.3%

-0.3%

0.6x

1.1%

-2.3%

79.50

0.0%

0.3%

12.1%

12.1%

#VALUE!

#VALUE!

1.9x

2.7%

13.50

0.0%

0.2%

-2.9%

-2.9%

-6.2%

-4.1%

1.2x

5.85

0.0%

0.2%

10.4%

10.4%

5.1%

-5.1%

8.00

-1.2%

0.4%

69.9%

69.9%

35.5%

4.2%

6.1x

2.0x

8.7%

0.0%

0.4%

63.2%

63.2%

1.7%

0.8%

53.7x

0.9x

1.5%

1.9%

6.55

0.0%

0.2%

12.0%

12.0%

24.7%

7.5%

3.2x

0.8x

8.4%

31.0%

21.6%

3.3%

4.0x

0.4x

0.95

-6.9%

0.2%

-15.9%

-15.9%

199.20

0.0%

0.3%

53.2%

53.2%

27.00

0.0%

0.2%

53.2%

53.2%

18.3%

2.4%

5.4x

0.80

-3.6%

0.2%

15.9%

15.9%

11.7%

0.7%

0.0%

0.0%

-100.0%

7.5%

3.1%

0.2%

26.5%

4.68

26.5%

2.0%

15.8%

0.9x

1.5%

18.4%

4.5x

0.5x

5.0%

22.0%

0.9%

5.5x

0.6x

5.0%

14.5%

2.6%

2.0x

0.3x

62.50

0.0%

0.1%

0.0%

0.0%

-38.7%

-9.5%

52.95

0.0%

0.1%

-4.4%

-4.4%

12.8%

8.7%

5.00

0.0%

0.0%

38.9%

38.9%

#VALUE!

#VALUE!

2.1x 5.4x

-21.2%

0.7x

2.0%

T o p 10 T r a d e s b y V o l u m e

P ric e

P ric e C hg %

T ic k er

Vo lum e

ƟŽŶLEARNAFRCA in E' D (+3.3%). and (-5.6%) led the losers.

0.22

4.8%

FB NH

97.7

0.7%

UB A

7.85

4.7%

WEM A B A N K

74.9

-3.6%

C UT IX

5.00

4.6%

A C C ESS

47.8

-0.5%

Corporate Announcement /ŶǀĞƐƚŽƌ ^ĞŶƟŵĞŶƚ ^ƚƌĞŶŐƚŚĞŶƐ

OA N D O

4.68

3.1%

LIVEST OC K

12.9

-5.5%

48.65

1.2%

NB

10.0

1.2%

DĞĂŶǁŚŝůĞ͕ ĐĐĞƐƐ ĂŶŬ WůĐ (“ƚŚĞ ĂŶŬ”) /ŶǀĞƐƚŽƌƐ ƐĞŶƟŵĞŶƚ͕ ĂƐ ŵĞĂƐƵƌĞĚ ŶŽƟĮĞĚ ƚŚĞ E'y ŽĨ ƚŚĞ ďLJ ŵĂƌŬĞƚ ďƌĞĂĚƚŚ

N EM

1.93

1.0%

GT C O

9.5

0.2%

ĂƵƚŚŽƌŝnjĂƟŽŶ ŽĨ ŝƚƐ :ŽŝŶƚ ŽŽŬƌƵŶŶĞƌƐ ĂŶĚ &ŝŶĂŶĐŝĂů ĚǀŝƐĞƌƐ ƚŽ

A F R IP R UD

6.45

0.8%

Z EN IT H B A N K

9.1

-0.8%

FB NH

7.50

0.7%

T R A N SC OR P

7.9

-1.1%

GT C O

27.10

0.2%

ST ER LN B A N K

7.4

-3.2%

ET R A N Z A C T

2.05

0.0%

WA P C O

6.0

-0.4%

ĨƌŽŵ ϭ͘ϯdž ƌĞĐŽƌĚĞĚ ŝŶ ƚŚĞ ůĂƐƚ ƚƌĂĚŝŶŐ ƐĞƐƐŝŽŶ ĂƐ Ϯϰ stocks

18.4%

0.8x

CHA M S

come investor calls commencing on September 11, ϮϬϮϭ͕ geared

18.1% 49.6%

T ic k er

ĂƌƌĂŶŐĞ Ă ŐůŽďĂů ŝŶǀĞƐƚŽƌ ĐĂůů͕ ŝŶ ĂĚĚŝƟŽŶ ƚŽ Ă ƐĞƌŝĞƐ ŽĨ ĮdžĞĚ ŝŶͲ

16.4%

24.8%

6.3x

er, up driven by (-7.7%), price AIICO apprecia(+4.6%) led the1.8% gainers while CORNERST (-6.9%),

NB

26.5%

31.00

T o p 10 G a i n e r s

ǁŚŝůĞ ϮϬ stocks declined. CHAMS (+4.8%), UBA (+4.7%), and CUTIX

;ĂĚǀĂŶĐĞͬĚĞĐůŝŶĞ ƌĂƟŽͿ͕ ƐƚƌĞŶŐƚŚĞŶĞĚ͕ ƐĞƩůŝŶŐ Ăƚ 1.6x

15.3%

0.0%

38 Notore Chemical Industries Ltd 39 Beta Glass PLC 40 Transcorp Hotels Plc

ing indices fell by Ϭ͘Ϯй ĂŶĚ ϮďƉƐ ƌĞƐƉĞĐƟǀĞůLJ ĚƵĞ ƚŽ ƐĞůů-

5.6%

-0.4%

36 Union Bank of Nigeria PLC 37 Oando PLC

Investor ^ĞŶƟŵĞŶƚ tĞĂŬĞŶƐ

0.7x ot Applicable

22.40

34 Julius Berger Nigeria PLC 35 Wema Bank PLC

(-6.4%),

5.3x

Divindend Earnings Yield Yield

-0.5%

28 PZ Cussons Nigeria PLC 29 United Capital PLC

ϭ͘Ϯй ƌĞƐƉĞĐƟǀĞůLJ ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ƉƌŽĮƚ-ƚĂŬŝŶŐ ŝŶ E ^d> (-

P/BV

7.85

Ă bearish ƌĞƐƵůƚ ŽĨ ĂƉƉƌĞĐŝĂƟŽŶ ŝŶ E/' Z/ E ;нϭ͘ϯйͿ͕ as ƉƌŝĐĞ 4 indices lost, 1 index gained Z t Z/ ^ ǁŚŝůĞ ƚŚĞ &Z-/ d

back of sell-ŽīƐ ŝŶ // K ;-ϲ͘ϵйͿ͕ KZE Z^d ;-ϳ͘ϳйͿ͕ ĂŶĚ t W K

P/E

9.40

26 Presco PLC 27 Unilever Nigeria PLC

Industrial Goods indices dipped 1.7% ĂŶĚ ϮďƉƐ ƌĞƐƉĞĐƟǀĞůLJ ŽŶ ƚŚĞ er 'ŽŽĚƐ ĂŶĚ Insurance indices, down 4.6% and

ROA

10 United Bank for Africa PLC 11 FBN Holdings Plc

Acrossand sectors our coverage, performance was Goods ĂŶŬŝŶŐunder ŝŶĚŝĐĞƐ ƌŽƐĞ ďLJ ϭϰďƉƐ ĂŶĚ ϯďƉƐ ƌĞƐƉĞĐƟǀĞůLJ ĂƐ h ;нϰ͘ϳйͿ͕ ĂŶĚ 'd K ;нϬ͘ϮйͿ͘ /Ŷ ĐŽŶƚƌĂƐƚ͕ the ƚŚĞ ŽŶƐƵŵͲ Insurance and ŝŶĚĞdž ƌĞŵĂŝŶĞĚ ŇĂƚ͘ dŽƉƉŝŶŐ ƚŚĞ ůĂŐŐĂƌĚƐ ĂƌĞ

ROE

1,400.00

8 Lafarge Africa PLC 9 Access Bank PLC

17 11 PLC 18 Okomu Oil Palm PLC

ƵŶŝƚƐͿ͕ Sector ĂŶĚ Performance K E K ;ϳ͘ϯŵ ƵŶŝƚƐͿ ǁŚŝůĞ E ^d> ;േϮ͘ϮďŶͿ͕ Mixed

Price Change Index to Date

Ticker

^^ /ŶŝƟĂƚĞƐ ϱ-Year Senior Unsecured Note Issuance... ASI

ASI up 11bps as DANGCEM Gains 3.3% down 1bp

Price Previous Current Change Price YTD Weighting Change

Current Price

P ric e C hg %

advanced while 15 stocks declined. MRS (+9.9%), MAY-

towards the issuance of a 5-LJĞĂƌ ĮdžĞĚ ƌĂƚĞ h^ -denominated

T o p 10 T r a d e s b y V a l u e

T o p 10 L o s e r s

BAKER (+9.8%), and HONYFLOUR (+9.8%) led gainers

^ĞŶŝŽƌ hŶƐĞĐƵƌĞĚ EŽƚĞ ƵŶĚĞƌ ƚŚĞ ĂŶŬ’Ɛ 'ůŽďĂů DĞĚŝƵŵ dĞƌŵ

while ABCTRANS (-8.3%), LASACO (-6.7%), and LIVEEŽƚĞ WƌŽŐƌĂŵŵĞ͘ STOCK (-4.8%) led losers. Today, we expect the market ƐĞŶƟŵĞŶƚ ƚŽ ƌĞŵĂŝŶ ŵŝdžĞĚ͕ ĂƐ earnings season gradually Market Outlook winds up.

In today’Ɛ ƐĞƐƐŝŽŶ͕ ǁĞ ĂŶƟĐŝƉĂƚĞ ƉŽƐŝƟǀĞ ƉĞƌĨŽƌŵĂŶĐĞ ĂƐ ŝŶǀĞƐƚŽƌƐ take advantage of bargains in the market.

Afrinvest West Africa Limited

T ic k er

T ic k er

Value

P ric e C hg %

FB NH

729.6

0.7%

NB

486.8

1.2%

451.2

-0.5%

P ric e

P ric e C hg %

C OR N ER ST

0.48

-7.7%

A IIC O

0.95

-6.9%

LEA R N A F R C A

1.36

-5.6%

A C C ESS

LIVEST OC K

2.08

-5.5%

M TNN

276.0

0.0%

H ON YF LOUR

3.88

-5.1%

GT C O

256.5

0.2%

UN IVIN SUR E

0.20

-4.8%

Z EN IT H B A N K

219.1

-0.8%

-3.9%

A IR T ELA F R I

178.8

0.0%

135.0

-0.4%

117.5

0.0%

70.8

0.0%

J A P A ULGOLD

0.49

F T N C OC OA

0.49

-3.9%

WA P C O

R EGA LIN S

0.49

-3.9%

SEP LA T

WEM A B A N K

0.80

-3.6%

GUIN N ESS

Brokerage

Asset Management

Investment Research

Adedoyin Allen | aallen@afrinvest.com Robert Omotunde | romotunde@afrinvest.com Abiodun Keripe | AKeripe@afrinvest.com Taiwo Ogundipe | togundipe@afrinvest.com

Christopher Omoh | comoh@afrinvest.com

Damilare Asimiyu| dasimiyu@afrinvest.com

FRIDAY SEPTEMBER 10, 2021• T H I S DAY

39

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 08Sept-2021, 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 160.66 162.00 -0.77% Afrinvest Plutus Fund 100.00 100.00 6.14% Nigeria International Debt Fund 324.73 324.73 -15.98% Afrinvest Dollar Fund 110.35 110.35 -1.43% ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund N/A N/A N/A ACAP Income Funds N/A N/A N/A 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 9.67% AIICO Balanced Fund 3.31 3.47 -2.66% info@anchoriaam.com ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 7.75% Anchoria Equity Fund 138.04 139.70 3.78% Anchoria Fixed Income Fund 1.15 1.15 -13.71% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 19.50 20.08 7.50% ARM Discovery Balanced Fund 431.36 444.36 7.74% ARM Ethical Fund 38.17 39.32 13.23% ARM Eurobond Fund ($) 1.09 1.10 -0.57% ARM Fixed Income Fund 0.98 0.98 -6.80% ARM Money Market Fund 1.00 1.00 8.56% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com Fund Name Bid Price Offer Price Yield / T-Rtn AVA GAM Fixed Income Dollar Fund 106.13 106.13 4.35% AVA GAM Fixed Income Naira Fund 1,032.19 1,032.19 3.22% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund N/A N/A N/A AXA Mansard Money Market Fund N/A N/A N/A CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com ; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn CEAT Fixed Income Fund 2.04 2.04 -7.77% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 2.13 2.17 -6.88% CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com ; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn CardinalStone Fixed Income Alpha Fund N/A N/A N/A CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 8.56% Paramount Equity Fund 16.51 16.81 3.22% Women's Investment Fund 136.64 138.21 2.67% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 8.10% Cordros Milestone Fund 2023 118.74 119.49 Cordros Milestone Fund 2028 N/A N/A Cordros Dollar Fund ($) 108.17 108.17 CORONATION ASSEST MANAGEMENT investment@coronationam.com Web:www.coronationam.com , Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 1.00 1.00 7.92% Coronation Balanced Fund 1.21 1.22 0.73% Coronation Fixed Income Fund 1.44 1.44 -8.90% 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 100.00 100.00 8.05% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 5.47% EDC Nigeria Fixed Income Fund 1,160.06 1,177.19 0.72% FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,413.70 1,413.70 11.47% FBN Balanced Fund N/A N/A N/A FBN Halal Fund N/A N/A N/A FBN Money Market Fund 100.00 100.00 9.89% FBN Nigeria Eurobond (USD) Fund - Retail FBN Smart Beta Equity Fund FCMB ASSET MANAGEMENT LIMITED Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Legacy Money Market Fund Legacy Debt Fund Legacy Equity Fund Legacy USD Bond Fund FSDH ASSET MANAGEMENT LTD Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Coral Balanced Fund Coral Income Fund Coral Money Market Fund

127.05 158.05

127.05 3.61% 160.07 4.54% fcmbamhelpdesk@fcmb.com

Bid Price 1.00 3.97 1.59 1.19

Offer Price Yield / T-Rtn 1.00 5.89% 3.97 2.61% 1.62 4.35% 1.19 4.48% coralfunds@fsdhgroup.com

Bid Price 3,768.83 3,396.25 100.00

Offer Price 3,822.62 3,396.25 100.00

Yield / T-Rtn 0.61% 3.65% 4.46%

GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund N/A N/A N/A Nigeria Entertainment Fund N/A N/A N/A GROWTH & DEVELOPMENT ASSET MANAGEMENT LIMITED assetmanagement@gdl.com.ng Web: www.gdl.com.ng ; Tel: +234 9055691122 Fund Name Bid Price Offer Price Yield / T-Rtn GDL Money Market Fund N/A N/A N/A 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 Money Market Fund 100.00 100.00 7.63% Vantage Balanced Fund 2.78 2.84 -2.65% Vantage Guaranteed Income Fund 1.00 1.00 4.50% Kedari Investment Fund (KIF) 152.97 153.24 -1.63% Vantage Equity Income Fund (VEIF) - June Year End 1.27 1.31 0.98% Vantage Dollar Fund (VDF) - June Year End 1.10 1.10 0.73% 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 1.42 1.44 4.17% Lotus Halal Fixed Income Fund 1,148.71 1,148.71 5.78% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 11.44 11.48 9.19% Meristem Money Market Fund 10.00 10.00 9.02% 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 PACAM Balanced Fund 1.67 1.70 7.12% PACAM Fixed Income Fund 11.58 11.58 -4.76% PACAM Money Market Fund 10.00 10.00 5.57% PACAM Equity Fund 1.65 1.66 4.19% PACAM EuroBond Fund 113.19 115.11 3.07% SCM CAPITAL 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 Frontier Fund 131.53 134.11 8.75% 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 1.05 1.05 10.05% 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 Balanced Fund N/A N/A N/A Stanbic IBTC Bond Fund N/A N/A N/A Stanbic IBTC Ethical Fund N/A N/A N/A Stanbic IBTC Guaranteed Investment Fund N/A N/A N/A Stanbic IBTC Iman Fund N/A N/A N/A Stanbic IBTC Money Market Fund N/A N/A N/A Stanbic IBTC Nigerian Equity Fund N/A N/A N/A Stanbic IBTC Dollar Fund (USD) N/A N/A N/A Stanbic IBTC Shariah Fixed Income Fund N/A N/A N/A Stanbic IBTC Enhanced Short-Term Fixed Income Fund N/A N/A N/A UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.31 1.33 2.26% United Capital Bond Fund 1.92 1.92 4.59% United Capital Equity Fund 0.87 0.89 9.45% United Capital Money Market Fund 1.00 1.00 9.84% United Capital Eurobond Fund 120.17 120.17 4.98% United Capital Wealth for Women Fund 1.06 1.08 4.21% United capital Sukuk Fund 1.06 1.06 6.18% QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD service@quantumzenithasset.com.ng Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 12.85 12.96 8.24% Zenith Ethical Fund 14.33 14.48 17.43% Zenith Income Fund 24.35 24.35 1.51% Zenith Money Market Fund 1.00 1.00 5.98%

REITS NAV Per Share

Yield / T-Rtn

124.98 53.10

10.62% 5.15%

Bid Price

Offer Price

Yield / T-Rtn

13.30

13.40

0.64%

121.41 96.63 17.29 18.20

124.43 98.74 17.39 18.30

0.97% -2.61%

Fund Name SFS REIT Union Homes REIT

EXCHANGE TRADED FUNDS Fund Name Lotus Halal Equity Exchange Traded Fund SIAML Pension ETF 40 Stanbic IBTC ETF 30 Fund MERGROWTH ETF MERVALUE ETF

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

funds@vetiva.com Bid Price

Offer Price

Yield / T-Rtn

3.88 5.45 17.37 1.00 19.50 158.08

3.92 5.53 17.47 1.00 19.70 160.08

2.85% -4.14% 7.02% 7.39% -4.97% -28.13%

NAV Per Share

Yield / T-Rtn

107.40

13.11%

INFRASTRUCTURE FUND Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund

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.

40

FRIDAY, SEPTEMBER 10, ͰͮͰͯ ˾ T H I S D AY

FOREIGN DESK

COMPILED BY BAYO AKINLOYE

F B I M O S T WA N T E D : TA L I B A N ACCUSES U.S. OF VIOLATING PACT

T

he Taliban accused the U.S. of violating last year’s peace deal signed in Doha, calling on the President Joe Biden administration to immediately lift sanctions against senior members of the Taliban’s new cabinet, says Bloomberg News.

Sirajuddin Haqqani, who is on the FBI’s Most Wanted list for terrorism, and his family are “part of the Islamic Emirate,” Taliban spokesman Zabihullah Mujahed said in a statement Thursday.

“Similarly, in the Doha Agreement, all officials of the Islamic Emirate without any exception were part of the interaction with the U.S and should have been removed from the UN and U.S. blacklists, a demand which still remains valid.”

Haqqani, who was named Afghanistan’s new acting interior minister, is among two-thirds of the newly unveiled cabinet members on UN or U.S. sanctions lists.

That’s likely to complicate any moves by the U.S. to cooperate with the Taliban, particularly as President Joe Biden has urged the militants to cut all ties with terrorist groups.

“We urge that these incorrect policies be immediately reversed through diplomatic interactions,” Mujahed added.

U.S. Secretary of State Antony Blinken has said the Biden administration is watching the new government, and “any legitimacy, any support, will have to be earned.”

New Taliban Prime Minister Mullah Mohammad Hassan is also sanctioned by the UN along with his deputies, Mullah Abdul Ghani Baradar and

Mullah Abdul Salam Hanafi. Baradar has long been the public face of the Taliban.

In February last year, he oversaw and signed the peace deal with the Trump administration in Doha, Qatar, that paved the way for the exit of American and NATO troops from Afghanistan. According to the terms of that deal, the US should have removed any sanctions on the Taliban by August 27, 2020.

SOUTH AFRICAN EXPRESIDENT ZUMA TRIAL MOVED TO SEPTEMBER 21

A South African court pushed back to September 21 and 22 a hearing scheduled for Thursday in a corruption trial of former president Jacob Zuma linked to a 1990s arms deal.

The 12-day postponement was agreed between Zuma’s lawyers and prosecutors and granted by Judge Piet Koen at the Pietermaritzburg High Court.

It is the latest in a series of delays in the long-running case, in which 79-year-old Zuma faces multiple charges, including corruption, racketeering and money laundering over the weapons contract over which he allegedly received kickbacks.

In July, Zuma was jailed for 15 months for defying a constitutional court order to appear at a separate inquiry into

corruption during his scandal-plagued time in office.

However, he is currently in hospital after the government said on Sunday he had been placed on medical parole for an undisclosed condition.

In power from 2009 until 2018, Zuma denies wrongdoing and has pleaded not guilty to all charges against him.

NORTH KOREA HOLDS MIDNIGHT PARADE FOR 73RD ANNIVERSARY

North Korea has held a military parade to mark the communist state’s 73rd founding anniversary but did not display any major ballistic missiles.

State media photos of the night-time parade showed marching soldiers and workers in hazmat suits instead.

Leader Kim Jong-un, who looked visibly slimmer, was seen among the unmasked crowds hugging children.

North Korea is suffering from food shortages and a deepening economic crisis due to the pandemic. On Thursday, state media released images of fire trucks, tractors, and fireworks at the parade.

According to the BBC, one section of the parade marched in what appeared to be bright red hazmat suits and gas masks, which may signify that a special force has been created to help prevent the spread of Covid-19.

As of August 19, North Korea had recorded no cases of Covid-19, the World Health Organization (WHO) says - though critics say this is unlikely.

But its nuclear plans have not been curtailed. Last month the UN atomic agency said that the country appeared to have restarted a reactor that could produce plutonium for nuclear weapons, calling it a “deeply troubling” development.

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T H I S D AY ˾ FRIDAY, SEPTEMBER 10, 2021

FOREIGN DESK

BIDEN EMBARRASSED U.S. GLOBALLY OVER TALIBAN TAKEOVER, SAYS TRUMP

Donald Trump said Joe Biden “embarrassed the US in front of the world” as the White House continues to engage with wanted terrorists over Americans stranded in Afghanistan, the UK Independent reports.

Amid speculation of a likely 2024 run, Mr Trump continued his campaign against Mr Biden to call Afghanistan the biggest embarrassment in U.S. history.

“That withdrawal was the most incompetently handled withdrawal, or anything else, in the history of our country. We’re embarrassed in front of the world,” he said in a Newsmax interview.

“Giving them $850 billion of the best military equipment in the world, there’s never been a greater embarrassment than we’ve suffered this last week.”

Asked to respond to criticism that the Afghanistan withdrawal was passed onto Mr Biden from his own administration, Mr Trump said the Taliban was not held accountable to his conditions-based deal.

E X P L A I N E R : C R I ST I A N O R O N A L D O RAPE CASE AMID MAN UNITED RETURN One of football’s GOATs (Greatest of All Time), Cristiano Ronaldo, is expected to make his second debut for Manchester United this weekend, following his deadline deal to leave Italian giant Juventus.

Amid that fanfare is a furious legal drama stewing in the background: a case of a rape allegation. The UK. Independent explained how it all unfolded. In an interview with German magazine Der Spiegel, Kathryn Mayorga publicly accused Ronaldo of raping her in a Las Vegas hotel in 2009.

Who is Kathryn Mayorga?

Mayorga is a former school teacher and model from Las Vegas.

COVID-19 CASES AMONG U.S. CHILDREN SURGE AS STUDENTS RESUME SCHOOL

As millions of children head back to school across the US, health experts are highlighting a troubling trend: hundreds of thousands of them are testing positive for COVID-19.

More than 250,000 children had new cases in the last week of August, the American Academy of Pediatrics said in a report published on Tuesday. That is the highest weekly rate of new pediatric cases since the pandemic began, and it’s a 10% increase in two weeks, says The Guardian.

With slightly more than one million new Covid cases reported in the US during that period, that means one of every four new cases in the country was

What are the allegations against Ronaldo?

Ronaldo and Mayorga met at Rain on June 12, 2009. On June 13, Mayorga reported the alleged sexual assault to the Las Vegas Metropolitan Police Department.

What action was taken at the time?

Mayorga subsequently hired a lawyer, who advised reaching an out-of-court settlement with Ronaldo rather than pressing criminal charges.

among children.

Children’s hospitals are straining under the spike in cases.

What was the result?

In January 2010, mediation between Ronaldo and Mayorga’s legal teams g resulted in the two parties reaching a non-disclosure agreement. Ronaldo settled to pay $375,000 (around £270,000) to Mayorga, who could not publicly discuss the allegations in return.

How did the allegations come out?

The allegations against Ronaldo first surfaced in April 2017, based on documents uncovered and supplied to Der Spiegel by the Football Leaks project.

What is currently happening with the case?

In October 2020, US district judge Jennifer Dorsey said she would rule on whether Mayorga “lacked the mental capacity to assent to the settlement agreement.” e A date is yet to be set for the hearing. Earlier this year, The Mirror reported that Mayorga is seeking a total of £56.5m in damages. In June, Ronaldo’s lawyers asked for the case to be dismissed, arguing that the Football Leaks documents were “stolen.”

About 2,500 children were hospitalized with Covid-19 in the week up to September 6, which is also more than

ever before, data from the US Centers for Disease Control and Prevention shows.

A total of 750,000 children tested positive between August 5 and September 2, the AAP said. Over the course of the pandemic, five million children in the US have tested positive for Covid-19, and at least 444 have died, the AAP said.

The CDC released a report on September 3 showing a fivefold increase in child hospitalization rates because of the Delta variant. The differences in children’s hospitalizations were even more startling when broken down by age.

In the same June-August time period, hospitalizations were 10 times higher for children under the age of four and for those between the ages of 12 to 17, the report said.

Hospitalization was 10 times greater among unvaccinated than vaccinated children, the report said. In the US, children aged 12 and up are eligible for vaccination.

42

FRIDAY SEPTEMBER 10, 2021 ˾ T H I S D AY

NEWS

Osinbajo Berates Elite for Orchestrating Nigeria’s Disunity Sultan: Coming together of Nigerians no mistake of God AfDB votes $250 towards north-east reconstruction Olawale Ajimotokan in Abuja Vice President Prof Yemi Osinbajo has berated Nigeria’s elite saying they are reason why the country has been unable to build virile institutions,the social and political consensus upon which a just and orderly society can stand.

Osinbajo delivered the scathing rebuke yesterday while delivering his keynote address at the 2020 Leadership Conference and Awards held at the International Conference Centre, Abuja in memory of the founder of Leadership Newspapers, Mr. Sam Nda Isaiah.

The theme of the lecture was: ‘National and Regional Insecurity: The Role of Political and NonPolitical Actors in Stabilisation and Concensus Building.’

He argued that the assumed failure Nigeria as a nation should not be premised on external vulnerabilities and its colonial past.

Rather, he pointed darts at the political class, saying they are drawing the country backward by putting selfish interest above collective interest.

“The chief weakness is a human one. Our elite. our political, economic, and religious elite. An elite that

has so far proved to be socially irresponsible, one which either by selfishness, negligence or ignorance or a lack of self awareness has so far been unable to build the institutions

and more importantly the social and political consensus upon which a just and orderly society can stand. And because dominance must be premised on some consensus, the elite depend

on a dubious one, promotion of tribal and religious fault lines for legitimacy,” Osinbajo said.

He lamented that on a nationwide and regionwide scale, the nation is seeing challenges

to national order driven by a profound and pervasive sense of exclusion and marginalisation.

The VP said: “So the attacks we see on law and order are themselves symptomatic and

they are driven by emergent critiques of the fabric of order itself. These critiques are manifesting as insurrections and insurgencies along various axes of identity.

OUR SCORECARD…

L – R: Group Managing Director/Chief Executive Officer, Nigerian Exchange Group (NGX Group) Plc, Mr. Oscar N. Onyema; Group Chairman, NGX Group, Otunba Abimbola Ogunbanjo; and Group Company Secretary and Head, Compliance, NGX Group, Mrs. Mojisola Adeola, at the 60th Annual General Meeting of NGX Group held in Abuja…yesterday

2023 Polls: FG Pledges FG Laments Poor R&D Expenditure, Full Protection for Floats $50m Research Fund INEC, Citizens Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

Chuks Okocha inAbuja At a meeting with heads of security agencies and the Independent National Electoral Commission (INEC), the National Security Adviser (NSA), Major General Babagana Munguni, yesterday, assured gathering that the federal government would protect the staff and properties of the commission as well as Nigerians during the 2023 general election.

The NSA, who was represented by one Sanusi Galadima, further attributed the successes recorded in the reduced destruction of INEC properties to the synergy between INEC and members of Inter-agency Consultative Committee on Election Security (ICCES) as well as other stakeholders.

According to the NSA, who responded to the speech delivered by INEC chairman,

Prof. Mahmood Yakubu, “With the prevalence of security threats occasioned by different dissident separatist groups in the Southern region of the country, who are bent on scuttling efforts of govenment in achieving national cohesion and undennining the democratic processes in the country, the Federal Government of Nigeria will not tolerate any group or persons planning to impede smooth conduct of elections.”

The NSA, while acknow-ledging the constitutional rights of citizens to freely express their legitimate grievances within the ambits of the law, said, “it is also important to state that the federal government will not abdicate its constitutional responsibility of securing lives and property as well as secure environment for citizens to pursue their legitimate means of livelihood.”

COVID-19: NAFDAC Warns Nigerians against Fake Drugs Hammed Shittu inIlorin The Director General of the National Agency for Food and Drug Administration Control (NAFDAC), Prof. Mojisola Adeyeye has revealed that the outbreak of the Covid-19 has aggravated the challenge posed by substandard medical products and unwholesome food products in the country.

She, therefore, advised Nigerians to stop patronising street drugs’hawkers and ensure that they patronise only licenced patents and medicines stores and pharmacy stores in the nation.

She spoke at the flagging off of a sensitisation campaign among people in the north central zone

held at Ilorin, Kwara State yesterday.

The event was part of the agency’s sensitisation campaigns taken to eight states in the federation.

The exercise took the agency to all markets, motor parks, streets among others in Ilorin.

Adeyeye however said dissemination of safety information on food and drugs was an important aspect of the agency’s regulatory work.

Represented at the event by the Director, North Central Zone of the agency, Mrs. Bolaji Abayomi, the director general of the agency warned people on dangers of buying medicines from hawkers, saying that patients should buy medicines from only licenced pharmacies and medicine stores.

The federal government through the Nigerian Content Development Monitoring Board (NCDMB), yesterday floated a $50 million Nigerian Content Research and Development Fund (NCRDF) to boost innovation in the country.

The government noted that

the 0.2 per cent currently devoted to Research and Development (R&D) in the was very negligible, noting that developed nations such as the United States, China, Japan, Germany, and South Korea spend between 2.5 to 4 per cent of their annual Gross Domestic Production (GDP) on research.

It also noted that even

developing nations such as India, Malaysia and Brazil spend between 0.7 per cent and 1.2 per cent, whereas Nigeria continues to lag well behind by deploying only about 0.2 per cent of its GDP. Speaking at the second NCDMB Research and Development Fair and Conference in Yenagoa, Bayelsa state, the Minister of State, Petroleum Resources, Chief Timipre Sylva,

explained that underfunding of R&D was reflecting on Nigeria’s overdependence on foreign goods and services.

The event also witnessed the formal launch of the NCDMB 10-year R&D roadmap, anchored on eight success pillars, namely: funding, infrastructure, capability, commercial framework, collaboration, governance, legal framework and enforcement.

Kaduna Directs Schools to Open September 12 The Kaduna State Government has directed public and private primary and secondary schools in the state to resume on September 12 for First Term, 2021/2022 academic session.

The Director-General, Kaduna State Schools Quality Assurance, Hajiya Umma Ahmed, issued the order in the State’s 2021/2022

School’s Calendar for primary and secondary schools, made available to journalists in Kaduna yesterday.

According to her, the First Term will run from September 12 to December 17; Second Term, January 9, 2022, to April 8, 2022; and Third Term, August 6, 2022, to September 3, 2022.

“All public and private basic and post basic schools in the state are to comply with the provision of the calendar,” she said.

The schools were earlier scheduled to reopen on August 9, for the Third Term of 2020/2021 session.

However, the state government on August 6, postponed the

resumption till further notice due to security challenges.

Although there was no mention of Third Term for 2020/2021 in the new school calendar, a top government official in the Ministry of Education confirmed that that there would be no Third Term for the session.

New Agric Minister Vows to Prioritise Food Security, Livestock Devt

James Emejo in Abuja

The newly appointed Minister of Agriculture and Rural Development, Mr. Mohammed Mahmoud Abubakar, yesterday took over the helms of affairs at the ministry, promising to continue with the present administration’s policy agenda on food security as well as focusing on livestock transformation as a tool to curb

insecurity in the country.

Abubakar, during the handover ceremony by the former Minister of Agriculture, Alhaji Sabo Nanono, added that, “Food security is everything.”

He said his administration would create policy direction necessary to reposition the agricultural sector as the mainstay of the Nigerian economy.

He said, “The priority of this

ministry under my leadership will be to ensure that we provide the necessary policy direction and drive that will truly position agriculture as the mainstay of our economy as captured in the Medium-term National Development Plan, and the president’s vision of lifting 100 million people out of poverty in 10 years.

“In this regard, a livestock

transformation plan will be a priority, due to its implication not just on food security but also on the impact in tackling security in the country.”

Abubakar also pledged to strengthen research and extension services in the sector, to promote and translate best practices into concrete deliverables in the agricultural and livestock value chain.

UK, US-sponsored Education Programme in North-east Ends Michael Olugbode in Abuja A programme funded by the United States and United Kingdom to address challenges in education in North-east Nigeria has drawn to a close.

The programme, Addressing Education in Northeast Nigeria (AENN) with a lifespan of three years was launched in 2018, to

help the government of Nigeria create more certified and safe educational environments for girls and boys in Borno and Yobe in collaboration with major local, federal, and international education establishments.

The activity has since improved literacy, numeracy, and social emotional skills of nearly 200,000 out-of-school children in formal

and non-formal settings, more than half of them girls.

USAID Mission Director Dr. Anne Patterson yesterday joined Nigerian education officials and the UK Foreign, Commonwealth and Development Office to mark the closing of the three-year U.S. and UK government-funded activity that significantly increased safe and relevant educational opportunities

for children and youth in crisis environments in Nigeria.

Paterson said: “It is promising to see that of those girls and boys who participated in the new instruction throughout Borno and Yobe, nine out of 10 were able to later transition successfully back into mainstream education despite missing school time because of conflict.”

FRIDAY SEPTEMBER 10, 2021 ˾ T H I S D AY

43

NEWS XTRA

Police Arrest Bandits’ Informants with 80 Rustled Animals in Katsina Francis Sardauna in Katsina The Katsina State Police Command has apprehended three suspected bandits’ informants and middlemen with 80 suspected rustled domestic animals along the Funtua-Gusau Road.

The suspects, according to the police, were Rabi’u Usman, 35; Sa’idu Shu’aibu, 38 and Awwalu Abdullahi, 40, who are residents of Wanzamai village in Tsafe Local Government Area of Zamfara State.

Parading the suspected informants alongside 26 other criminals, the command’s Public Relations Officer, Mr. Gambo Isah, said that the suspects were nabbed while transporting the animals (goats and sheep) in a canter van canter, with registration number, ABS 647 XA. Isah explained that the suspects also flouted the Katsina State Security Containment Orders that were recently signed by Governor Aminu Bello Masari and his Zamfara State counterpart, Governor Bello Matawalle.

His words: “On September

7, 2021, at about 17.00 hours, the command succeeded in arresting Rabi’u Usman ‘m’ aged 35 years, Sa’idu Shu’aibu

‘m’ aged 38 years and Awwalu Abdullahi ‘m’ aged 40 years all of Wanzamai village, Tsafe LGA of Zamfara state. They

are bandits’ informants and middlemen.

“They also flouted the containment order emplaced

by the state government by conveying 80 suspected rustled animals comprising sheep and goats in a canter, lorry with REG.

NO. ABS 647 XA driven by one Aliyu Abubakar, ‘m’, aged 32 years of Kurmin Mashi, Kaduna State.”

TRAINING THE TEACHERS…

L-R: Project Manager, Teach For Nigeria Profuturo , Mrs. Tope Akintunde; Board Secretary, Ogun State Universal Basic Education Board (SUBEB) Mr. Wasiu Kuye;Chairman, Ogun SUBEB, Dr. Femi Majekodunmi; Special Adviser on Primary and Secondary Education, Ogun State Government, Mrs. Ronke Soyombo; and CEO, Teach for Nigeria, Mrs. Folawe Omikunle, at the closing ceremony of a six-day Teach For Nigeria and Profuturo Pedagogical training in Ogun State… recently

‘Nigerian Justice System Action Alliance Protests, Accuses INEC Should be Insulated Officials of Disobeying Court Orders from Partisan Meddling’ Udora Orizu in Abuja

Adedayo Akinwale inAbuja In the wake of conflicting court orders from courts of coordinate jurisdiction, the Director General of Progressives Governors Forum (PGF), Dr. Salihu Lukman, has said that the Nigerian justice system should be insulated from unethical partisan influences.

Lukman said that the need to sanitise the Nigerian judiciary should be broadened to ensure that judges with underlying political interests would not preside over political cases where their interests would conflict with their judicial responsibilities.

In the last couple of days, courts of coordinate jurisdiction, have, in a number of political cases, been issuing conflicting and counteracting interim orders, directing political party officers either to vacate, or resume office and also ordering the Independent National Electoral Commission

(INEC) to recognise one political aspirant or the other as party’s flagbearer for forthcoming elections.

In a statement titled, “Nigerian Democracy and Challenges of Nation Building,” yesterday Lukman said that the rule of law would be undermined once the Nigerian judiciary is compromised.

He said that Nigerian democracy is imperiled to the extent that even the routine issue of day-to-day management of political parties in Nigeria has moved to the courts.

He said: “Our common purpose as a nation must be to enthrone high ethical conducts, especially in our judicial institutions. The integrity of judges must be revered such that the Nigerian justice system is insulated from partisan meddling, which then undermines fairness in granting orders by Nigerian courts with respect to political cases.

Isoko By-election: Okowa, Omo-Agege Lead Campaigns Omon-Julius Onabu in Asaba The Peoples Democratic Party (PDP) and the All Progressives Congress (APC) have been engaged in a fierce campaign as the two parties mobilised support for their respective candidates in Saturday’s Delta State House of Assembly bye-election for Isoko South Constituency 1 vacant seat.

Governor Ifeanyi Okowa personally led the PDP campaign train, which stormed Isoko South Local Government Area while Senator Ovie OmoAgege, who is the Deputy President of the Senate, took the driver’s seat in the APC’s vote-chasing train also to the local government area.

The Isoko South Constituency 1 seat in the state house of assembly became vacant following the death of the former member representing the area, Mr. Kenneth Ogba in July.

Omo-Agege noted that the Isoko South bye-election would provide the APC the opportunity to test-run its strategy it hopes to unleash in the 2023 general election to snatch control of power in the state from the PDP. The deputy senate presidend urged the voters in the area to dump the ‘umbrella’ for the ‘broom’ by voting massively for his party’s candidate in all the units and wards.

The members of the Action Alliance Party (AAP), yesterday stormed the headquarters of the Independent National Electoral Commission (INEC) in Abuja to protest what they described as disregard for court orders by top officials of the electoral body.

The aggrieved members chanted solidarity songs and

displayed placards with various inscriptions such as “INEC stop your rascality now,” “Judiciary save our democracy from INEC impunity,” “INEC must obey order of Justice Agbaza,” amongst others.

Speaking to representatives of the Chairman of the INEC, Prof. Mahmood Yakubu, the National Chairman of the AAP, Mr. Kenneth Udeze, alleged that the INEC always preferred to

choose the court order to obey even when it was obvious that favourable cases were always decided by the authentic party executive.

Udeze made reference to the case of the forthcoming Anambra Governorship election, and accused the INEC of ignoring favourable court rulings towards the party leadership while recognising the candidate of another faction

of the party.

He vowed that the party would no longer tolerate any form of lawlessness from any officials of the electoral body.

Udeze said: “We implore you, to quickly intervene on this urgent matter, and resolve this anomaly by accepting our candidates (governorship and deputy governorship alike) as the authentic flag bearers for the Anambra State Governorship.

2023: Masari Predicts Victory for APC

Francis Sardauna in Katsina

Contrary to the permutations ahead of the 2023 general elections, the Katsina State Governor, Aminu Bello Masari, has predicted that the party would win the elections with a wide-margin of 30 million votes.

Masari said that the massive

registration of APC members across the country during the party’s membership registration and revalidation exercise, even if only 70 per cent of those registered came to vote in the forthcoming polls, the party is sure of getting 30 million votes.

He said: “The APC has done well all over the country

and we are going back for state congresses and finally we cap it to the national convention that would produce elected leaders of the party.

“We are laying solid foundation for the APC, preparing it for 2023 elections, which I hope the APC would win by a wide

margin, because if we took the registration of membership of the APC even if 70 per cent of those who registered came out to vote for APC, APC is sure of getting close to 30 million votes.

“So we can say that success is only a short distance from us. We will be there and we will achieve it.”

Police: We will Rescue Abducted Obasanjo’s Workers James Sowole in Akure The Ogun State Police Command has assured all stakeholders that its men would do everything possible to rescue three workers of former President Olusegun Obasanjo, who were kidnapped on Wednesday by gunmen along Kobape-Abeokuta Expressway.

The victims were identified as the Financial Controller, the Group Auditor and the Group

Store Manager of the Obasanjo Holdings, Kobape.

The Police Public Relations Officer (PPRO), Abimbola Oyeyemi, gave the assurance in Abeokuta while confirming the incident that happened around 6 p.m. on Wednesday.

The victims were said to have been admitted while driving to Abeokuta.

A source who craved anonymity added that the trio were abducted around Seseri

village after their Hilux vehicle was shot at by the gunmen and were reportedly dragged into the bush and taken to an unknown destination.

Oyeyemi said” “The kidnapping occurred around 6 p.m. yesterday. Obasanjo has a farm around the area in Kobape.

“Our men have begun searching for them and we will ensure they are rescued.”

In the same vein, a retired

lecturer of the Federal Polytechnic, Offa, Kwara State, Mr. Fasasi Olanigan, was also kidnapped along AbeokutaImasai road in Ogun.

It was gathered that Olanigan was taken away by the kidnappers, who left his car by the roadside.

At the time of filing this report, it could not be confirmed whether or not the kidnappers have reached out to the families of their victims for ransom.

Oyetola Committed to Peaceful, Indivisible Nigeria, Says Sultan

Yinka Kolawole in Osogbo

The Sultan of Sokoto, His Eminent, Muhammadu Sa’ad Abubakar, yesterday, described the Governor of Osun State, Mr. Adegboyega Oyetola, as a nation-builder and believer in a peaceful, united and indivisible Nigeria.

The sultan also congratulated

Osun State on its 30th anniversary, describing the state as one that is blessed with abundant natural and human resources.

Abubakar said while delivering his opening remark during Osun’s 30th anniversary colloquium that “I congratulate the government and the good people of Osun on the

attainment of this milestone and on recording landmark achievements that humble older states in these three decades of existence.

“As we celebrate this momentous event, it is apposite to pay glowing tribute to the founding fathers of Osun whose vision has produced talents that have given vent

to the foundation they build 30 years ago.

“I salute the vision and insight of the military administrators and all the governors of the state. Their capacity to dream and to assemble talents to build an enviable and award-winning state is phenomenal and has shown in the huge achievements of the state.

44

FRIDAY SEPTEMBER 10, 2021 ˾ T H I S D AY

NEWS XTRA

NUJ Condemns Killing of NTA Staff

by Unknown Assailants in Kogi 21-year-old boy kills father Ibrahim Oyewale in Lokoja The Nigeria Union of Journalist (NUJ), Kogi State Council, has condemned the gruesome murder of a Nigeria Television Authority

(NTA) staff member, Chukwu Obiahu, in Okene, Kogi State.

Late Obiahu was allegedly stoned to death last Tuesday evening by unknown assailants shortly after he closed from work.

While speaking to journalists at a press conference yesterday, the state NUJ chairman, Momohjimoh Adeiza, called on security agencies to unravel the circumstances behind the death of the late NTA engineer.

He described the late engineer as a gentle man whose life was cut short by criminals.

While commiserating with the NTA management over the loss, Adeiza observed that it has become very difficult for many Nigerians to go about their legitimate businesses freely.

He said: “A young man who went to work to do his legitimate job was killed on his way home. It is so sad! Very

unfortunate! At this juncture, I will want to call the Nigerian police to do everything possible to unravel the circumstances behind the death of that young man.

“Also, it is becoming increasingly difficult for people to do their legitimate business anywhere in Nigeria today. From

the available information, he was a staff of NTA who closed at the end of the day and was going back home, and in the process, he was killed. I want to commiserate with the family of the deceased and the entire NTA staff and management all over the country over the unfortunate incident.

The administration of Governor Ifeanyi Ugwuanyi of Enugu State has expressed gratitude to the United Nations Development Programme (UNDP) and the federal government for selecting Enugu State Sustainable Development Goals (SDGs) Office to serve as the accelerator/ innovation hub for the south-east states.

Speaking during the opening ceremony of a two-day United Nations (UN) joint workshop on Institutionalising Social Protection for Accelerated SDGs Implementation in Nigeria, in Enugu, the State Commissioner for Special Duties and the Focal Person on SDGs, Mrs. Mabel Agbo, who represented Ugwuanyi at the event, assured the UNDP

and the federal government that the present administration would not take the selection for granted.

Agbo stressed that the state government would cooperate with the UNDP and the federal agency and work assiduously to ensure that the aim of selecting Enugu State to serve as the zonal accelerator/innovation hub is achieved.

“Fortunately, we have a governor in Enugu State who has a heart for the poor and vulnerable”, the Commissioner said, adding that “the moment this workshop is able to address the issue of capacity, the modalities for implementation will be smoothly addressed by our highly compliant and ever willing governor (Ugwuanyi).

Police Nab Four Kidnappers, Armed UNDP, FG Name Enugu SDGs Innovation Hub for South-east Robbers Ibrahim Oyewale in Lokoja The Kogi State Police Command last Wednesday arrested four suspected kidnappers in Oguma, the headquarters of Bassa Local Government Areas of the state.

The feat was contained in a statement signed by the state Police Public Relation Officer (PPRO), William Aya, a copy of which was made avaliable to journalists in Lokoja yesterday.

The state Commissioner of Police, Idrissu Dauda Dabban, explained that following a credible intelligence, suspected kidnappers/armed robbers, who have been terrorising Bassa LGA and its environs, have apprehended.

He pointed that the suspected robbers were sighted in a

compound at new Jerusalem Oguma area in the council area.

Dabban stated that operatives of the Nigeria Police Force attached to Bassa Division led by the DPO promptly swung into action, stormed the compound and arrested the suspects-Guda Dangana, Dogo Chure, Dekina Zhiya, and Samson Nyizo all from Bassa LGA. Items recovered from them included, one locallymade pistol, one 7.62mm ammunition, one cartridge, one G3 ammunition and two human skulls.

The suspects made useful confession on series of criminal activities within Bassa axis. The suspects will be arraigned on the completion of investigation.

Banditry: Zamfara NMA Urges Govt to Convene Stakeholders’ Meeting Onuminya Innocent in Gausu Zamfara State chapter of the Nigerian Medical Association (NMA) has called on the state government to convoke a stakeholders’ security summit to help the citizens of the state offer their contributions to tackle banditry and other

forms of crimes in the state.

The call followed the expiration of the two-week ultimatum, which the association gave the state government to provide security in and around health facilities across the state, to protect health workers from being attacked or kidnapped.

The state NMA noted that it believed that the ongoing war against insecurity is everyone’s business, hence the need for the state government to convoke a stakeholders’ security summit in order to brainstorm and fashion out a workable and lasting solution to the menace.

The NMA Chairman, Dr.

Mannir Bature, yesterday in Gusau, the state capital, noted that the negative impact of banditry is affecting the socio-economic and political life of the people.

He disclosed that health facilities in the state are important, and need to be secured.

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NEWS XTRA

Ikpeazu: Nigeria Can’t Continue to Shy away from Fiscal Federalism

Emmanuel Ugwu-Nwogo in Umuahia

As the struggle to stop the federal government from collecting value added tax (VAT) rages on, the Abia State Governor, Dr. Okezie Ikpeazu, yesterday called for the enthronement of fiscal federalism in Nigeria, saying the country cannot continue to ignore the clamour for true federalism principle.

He said the time is ripe for Nigerian states to be vested with the power to manage the resources within their respective domains, and in the case of natural resources, pay loyalties to the federal government.

Ikpeazu bared his mind when he received a delegation of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) led by the Federal Commissioner representing Abia State, Dr. Chris Akomas, at the Government Lodge in Aba. While recalling the sharing of power between the federal government and the federating regional governments in the First Republic, Ikpeazu noted that then development was faster due to fiscal federalism.

He pointed out that the defunct Eastern Region of Nigeria was ranked as the fastest growing economy in the world during the reign of Dr. Michael

Okpara when there was true federalism with different regions controlling their resources.

Apparently alluding to the provisions of the Petroleum Industry Act (PIA), Ikpeazu faulted the 30 percent reservation for exploration in frontier states.

According to him, “Sincerely speaking, I don’t think the federal government should reserve any amount, even if one percent for mineral development, because the federal government has no ownership of minerals,” he said, adding that the federal ministry of mines and mineral development should be concerned with policy-making.

Flutterwave, MTN Partner on Mobile Money Emma Okonji Flutterwave, Africa’s payment technology company, has announced a mobile money partnership with MTN Group, that will allow businesses that are integrating Flutterwave in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia, to receive payments via MTN Mobile Money, called MoMo. MTN MoMo is a fintech platform providing consumers and businesses with an electronic wallet, enabling electronic transfers and payments as well as access to digital and financial services.

At the end of June 2021, MTN MoMo had 48.9 million active users and 581,514 merchants.

MoMo enables businesses to accept and make payments within

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the mobile money ecosystem.

The new partnership will enable Flutterwave to offer MTN Mobile Money as a payment method to its business customers.

In recent years, Africa has witnessed an explosion in mobile penetration as smartphone adoption has risen rapidly.

According to the GSMA, this year, Africa would hit the half a billion mark of unique mobile subscribers and the continent would reach 50 per cent subscriber penetration by 2025. The sub-Saharan Africa

alone is responsible for more than 45 per cent of the world’s mobile money accounts with the number of account holders exceeding half a billion by 2020, as shared on Statista.

Through the partnership, MTN and Flutterwave will positively contribute to this trend by increasing mobile money usage and penetration in Africa to improve local economies and livelihoods as well as create opportunities for individuals and businesses across the continent.

Adamawa Engages Vigilantes to Protect Schools against Abduction Daji Sani in Yola In an effort to prevent the incessant abduction of students across the country, the Adamawa State Government has engaged local hunters and vigilantes to protect schools and prevent the abduction of students.

The state Commissioner of Ministry of Education and Human Service, Mrs. Wilbina Jackson, made the disclosure yesterday in Yola, the state capital, in an events organised by Education in Emergencies Working Group, to commemorate the International Day to Protect Education in the state. She noted that the government took the measure in an effort to save the state from the abductions that have occurred in many parts of the country in recent times.

The commissioner said: “The measure was a follow up to the suspension of boarding in schools

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so that students will attend schools from the safety of their homes.”

Jackson further explained that the vigilantes were required to complement the efforts of regular security arrangements.

The event, commemoration of International Day to Protect Education against Attack in Adamawa State’, which was organised by Education in Emergencies Working Group Nigeria in collaboration with the state Ministry of Education, featured student representatives from the Federal Government Girls College (FGGC), Yola, who made a speech and staged a drama.

Edo COVID-19 Third Wave Deaths Rise to 33 Adibe Emenyonu in Benin-city

Edo State Government yesterday disclosed that it has recorded an increase in the number of deaths of persons who have not been inoculated with the COVID-19 vaccines.

It confirmed three more COVID-19-related deaths, bringing the total number of fatalities in the third wave of the pandemic in the state to 33.

The state COVID-19 Incident Manager, Dr. Andrew Obi, disclosed this after the daily virtual meeting of the state COVID-19 Taskforce chaired by the state Governor, Mr. Godwin Obaseki.

He said the state also recorded 49 new COVID-19 cases from the 365 samples collected in the last 24 hours, noting that the state has recorded a total of 889 confirmed cases since the outbreak of the third wave of the pandemic.

WORLD OF ISLAM

Edited by: MJO Mustapha Email deji.mustapha@thisdaylive.com

Emotional Intelligence: The Sunnah Way By: Ammarah Usmani/SoundVision

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oday, we’ve crossed the limit.

Selfishness is at an all-time high, and it doesn’t seem to be stopping any time soon. But in this vicious cycle of me, myself, and I, we ironically tend to lose sense of ourselves as well.

The more I read about the Prophet Muhammad, peace and blessings be upon him, the deeper I fall in love with his exquisite character, his sensitivity, his ability to acknowledge his own and others’ emotions.

To me, the beauty of his personality lies in his transparency and honesty regarding his own feelings and of those around him.

If he was happy, his Companions and his family members knew, and vice-versa. If he was upset about something, they could easily tell, and vice-versa.

Once, the Prophet told his wife Aisha (may Allah be pleased with her) that he could tell when she was upset with him. When she was happy with him, she would say, by the Lord of Muhammad, and when she was upset, she would say, by the Lord of Ibrahim. To which she responded – yes, I do not leave out anything but the name.

Even to note such subtle differences in one’s spouse’s mannerisms is a sign of sensitivity.

The only times he hid his feelings were when he was caring for others’ emotions.

When a Companion brought some grapes that he soon discovered were sour, he ate all of them without passing them along to his other Companions, for fear that their expressions would give away the taste of the grapes and as a result hurt the man’s feelings. And though his heart would be grieving, his face would be adorned by a beautiful smile, by default.

The Prophet’s every word was wrapped with kindness and tenderness. In the situations that required firmness, he demonstrated it, but with tact and wisdom. He was a human being, he wasn’t an angel. There were times he was also overcome with conflicting emotions and had a difficult time harnessing them.

Would an angel think of killing himself in grief when he thought his Rabb (Lord) was angry with him?

But he would always regain composure after turning to His Rabb.

According to Psychology Today, “Emotional intelligence is the ability to identify and manage your own emotions and the emotions of others. It is generally said to include three skills: Emotional awareness; the ability to harness emotions and apply them to tasks like thinking and problem solving, and the ability to manage emotions, which includes regulating your own emotions and cheering up or calming down other people.”

Emotions aren’t meant to rule over you – we have to learn the best way to manage them.

But at the same time, emotions are not meant to be ignored. Studying the Prophet’s behavior and his relationships with other people is undoubtedly the best way for all Muslims to live a life of harmony and minimal drama.

When we hear the word “drama”, often the first relationship we think of is that of a husband and wife. But why is there usually incessant conflict? The number one reason is lack of emotional intelligence on one or both sides, and it’s often a wider gap of understanding due to the simple fact that two opposite genders coming from two different families have to suddenly learn how to deal with seemingly foreign emotions.

How did the Prophet, a man, deal with the emotions of his wives? His wives were certainly patient women and exemplary role models for us all, but that doesn’t mean they didn’t have normal feelings. For example, we have evidence that Aisha (may Allah be pleased with her) showed her jealousy, impatience, fear of losing his love, and many other kinds of feelings that might not be easily understood by men. But due to the wisdom and intelligence that his Rabb gifted him with, the Messenger of God always responded in a sensible way. His tone was always gentle, his words chosen carefully, his body language conducive to a calm response.

Once, the Prophet was relaxing with Aisha and speaking with her, when suddenly he needed to get up and pray, so he turned

to his wife and asked, “Will you give me permission to speak to my Rabb?” Logically speaking, does the Prophet need permission to pray? Of course not. But why did he ask his wife? He asked her out of love and respect, not sarcasm. He knew she would say yes, but he wanted to ask her because it was her rightful time that she was spending with him. Just imagine how honored she must have felt! Subhan Allah.

As a parent, and later even after the death of his beloved wife Khadijah, may Allah be pleased with her, the Prophet was sure to remain involved in his children’s lives both as a guide and as a comfort. When his daughter Fatima (may Allah be pleased with her) would enter the room, he would stand up out of love and respect for her. He also respected and loved his son in law Ali (may Allah be pleased with him), but he expressed that love differently. He knew that as a woman, Fatima was more sensitive, so he made sure to go out of his way to care for her feelings.

A narcissistic personality can never be emotionally intelligent, as empathy is key.

As demonstrated by our Prophet, in order to be a good person, you should want for others what you want for yourself. To put yourself in the other person’s shoes and make your best effort to feel what they’re feeling is not going over the top; it’s not “extra credit” so to speak – it’s a Muslim’s duty! Yet how depressing it is that we fail to empathize even with the ones we claim to love the most.

We must feel each other’s pain. If you aren’t concerned when your wife bends down to pick up your child and winces due to her back pain, then there’s a problem. If you aren’t pained by the creases on your husband’s forehead as he struggles to pay the bills and provide for you and your kids, then there’s a problem. If your eyes don’t moisten at your sister’s ongoing, painful struggle to conceive, then there’s a problem.

If being an emotionally intelligent person was impossible, why would Allah choose for His Messenger to display such behavior, when the primary reason for his existence is to be a guide and mercy for all of mankind? The fact that the Prophet was able to empathize and show kindness in the direst of situations, tells us that we are capable as well. Allah made him a human, with the rawest of emotions, in some of the most troubling situations we could ever imagine, yet he never compromised on his principles of compassion, sincerity, and benevolence.

The person we send prayers and blessings (Salawat) upon in every prayer, the one whom we must follow and love and respect as a prerequisite for even getting a chance to gain Allah’s love – if he never felt the need to be cunning, elusive, make a grand show of his importance, or become rigid as stone, then who are we to look down upon others and dismiss their feelings?

Humility. It’s what this whole process should help us gain. As intelligent as we may seem, true knowledge lies only with Allah. We must internalize this fact. If helping others simply causes us to develop pride and arrogance, then our intentions aren’t sincere. Keep reassessing your motivations, remind yourself that if you are able to understand and do good for someone, then it is by Allah’s favor upon you, for He could’ve chosen someone else, but He chose you.

Emotional intelligence in the worldly sense ends with this – with acknowledging your and others’ emotions and acting wisely. But Allah gave us the tools to cope. We have the Quran, the best source of guidance and healing. We have the Sunnah, the stories of the Prophet to gain inspiration and strength. For every stress and hardship, there’s Dua. When the Prophet would come across a difficult situation, He immediately turned to his Lord in prayer.

When the Prophet needed direction, Allah sent him guidance through Wahy (revelation).

This is a Muslim’s intelligent response to his/ her own overwhelming feelings. We cannot let go of the Quran.

May Allah tie our hearts to His Words and the Sunnah of His Prophet and help us all become emotionally intelligent beings. #EmpathizeliketheProphet

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FRIDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Amusan Sets New African Record, Makes Diamond League History Wins Win Wi ins in ns 10 100m 00m hurdles’$30,000 00 hurd hu urdl u rdl rd ddles’$30,000 les le ees’ ss’$ s’$30, ’$$30,000 0,,000 000 00 to top op prize priz pri pr riiz ize ze money mon oney Duro Ikhazuagbe

Tobiloba Amusan...sets new African 100m hurdles record to make Diamond League history

Bolt: Too Late to Make a Comeback Eight-time Olympic champion Usain Bolt has said that it is "too late" for a comeback but admits he has "got that itch" for a dramatic return to the sport.

The Jamaican, 35, ended his glittering track and field career in 2017.

He said he was tempted by a possible return for the Tokyo Games, but his coach persuaded him otherwise.

"It's too late. If I was going to come back it would have been to be for this Olympics," he told BBC Sport's Ade Adedoyin.

"When I told my coach I was going to retire he sat me down and said 'when you retire that's it. I'm not doing any comeback tours, nothing. So make sure you are ready to retire'.

"I remember I went to him in 2019 and said 'what do you think about coming back for the Olympics?' And he looked at me and said 'don't even start'.

"So if it's not my coach, I'm not going to do it, because I believe in him and if he says no, it's no - but I've got that itch though."

Bolt also believes the rivalry between female Jamaican sprinters Shelly-Ann Fraser Pryce and Elaine Thompson-Herah could lead to one of them breaking the 100m and 200m world records, set by American Florence Griffith Joyner in 1988.

Thompson-Herah successfully defended her 100m and 200m Olympic titles in Tokyo and took her 100m personal best down to 10.54 in Eugene last month - just 0.05 seconds short of Griffith Joyner's record Usain Bolt...says no to return to track of 10.49.

Reigning African and Commonwealth Games 100m hurdles champion, Tobiloba Amusan on Thursday became the first Nigerian athlete to be crowned Diamond League winner at the Weltklasse in Zurich, Switzerland.

The 24-year-old sprint hurdler who raced to a new African record of 12.42secs held by another former Nigerian hurdler, Glory Alozie since 1998, won the event’s $30,000 (about N15million) top cash prize.

She defeated Dutch athlete, Visser Nadine (12.51) and Jamaica’s Tapper Megan who finished third in 12.55.

The win for Amusan in the 2021 Diamond League has compensated for her inability to make the podium at the Tokyo Olympic where she finished fourth.

Overall, she is the second Nigerian to win a World Athletics elite one-day meetings discipline after Falilat Ogukoya who was crowned the 400m champion at the Grand Pix final held in Moscow, Russia in 1998.

Speaking shortly after the win in Switzerland, Amusan said she was determined to make up for her inability to make the podium in Tokyo and feels happy to have made history. ''It's great, it is a great feeling.

Looking back, I did not win a medal at the Olympics. It was a very challenging time for me afterwards, but I never gave up, and I came out here and I was like... if I did not get a medal in Tokyo, the least I can do is to get

a Diamond League Trophy y-I did just that!

“The hurdles is a very mental event. and my coach is always telling me I need to focus on myself and execute. Once you execute, you don't have a problem going over the hurdles. I'm glad I came out with a win. I have one more meeting in Zagreb, and I can go take the season off. I am really looking forward to it,” gushed the petit hurdler.

Amusan's 12.42 seconds is two hundreths of a second faster than the 12.44 seconds Glory Alozie ran in Monaco in 1998 and the reigning African champion has now broken two of the three Nigerian and African records held by Alozie.

She smashed Alozie's 12.74 seconds African Games record twice two years ago in Rabat, Morocco, running 12.69 in the semifinal heat before improving by one hundreth of a second to 12.68 seconds.

Last year in Karlsruhe, Germany Amusan went close to breaking the 7.82 seconds 60m hurdles indoor record held by Alozie when she stormed to a 7.84 seconds to win at the World Indoor Tour event.

Amusan would also have broken the Nigerian championships 100m hurdles record of 12.63 seconds held by Angela Atede if the electronic timer had not malfunctioned at the Tokyo 2020 Olympic Trials at the Yaba College of Technology Sports Ground in Lagos last June. She was credited with a hand-timed 12.3 for her effort.

FIFA Gives Go-ahead for Aisha Buhari Cup World football-governing body, FIFA on Wednesday provided the Local Organizing Committee (LOC) with a final go-ahead to stage the maiden edition of the Aisha Buhari Invitational Women’s Tournament, otherwise known as Aisha Buhari Cup. The six-nation invitational is being organized in honour of the name and Office of the First Lady of the Federal Republic, Mrs. Aisha Muhammadu Buhari.

In a letter dated 8th September 2021 and signed by Gordon Savic, Head of Qualifiers and International Matches, the world body noted it has sanctioned the 15th – 21stSeptembershowpiece that holds at the Mobolaji Johnson Arena and Agege Stadium in the City of Lagos, and featuring hosts Nigeria, Cameroon, Ghana, Mali, Morocco and South Africa’s ‘A’ Women teams.

“In accordance with the

article 7 of the regulations, FIFA is happy to provide official authorization for this women’s tier 1 tournament…we hereby remind the participating teams that the Laws of the Game must strictly be applied to these tier-1 matches.

“Finally, we would also like to draw your attention to the contents of FIFA’s circular no.1735 of 1st October 2020. The strict application of the FIFA’s Return to Football – International Match Protocol (IMP), or an equivalent protocol of your confederation compliant with the said Protocol, is required.”

With this authorization, all is now clear for the commencement of the six-nation showpiece starting on Wednesday, 15th Septemberwith the clash between nine-time African champions, Super Falcons and the Female Eagles of Mali at the Mobolaji Johnson Arena, Onikan.

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FRIDAY, ͹͸˜ ͺ͸ͺ͹ ˾ T H I S D AY

SPORTS

Awaziem Excited by Loan Switch to Turkish Alanyaspor Super Eagles defender, Chidozie Awaziem, who switched from Portuguese club Boavista to Aytemiz Alanyaspor has expressed his excitement with his loan move to the Turkish Super Lig club.

Speaking on the seasonlong loan deal on the club’s website yesterday, the Nigerian international admitted his love for Alanyaspor.

“I am very happy to be hosted in this way. I am also happy to come to such a beautiful place,” Awaziem began, stressing that “I have heard the name and successes of Aytemiz Alanyaspor for a long time.”

He revealed that he didn’t have to think twice when the offer of a loan spell came to him.

“When the offer came, I did not think about it. I immediately accepted it. No one should doubt that I will give everything to reach the goals.

“This club have a structure that gives everything on the field. I am a ready player. I want to play right away,” he pledged with excitement.

Chidozie Awaziem (centre) at his unveiling ....on Wednesday

NNL Dismisses Match-fixing Allegations in Enugu Playoffs Insurance to play Ekiti Utd in a delayed Group B match today Organizers of the on-going Super 8 in Enugu, the Nigeria National League (NNL) have dismissed as frivolous, allegation that they are favoring a particular club in the playoff.

NNL’s Media Officer, Amar Ignis in a statement yesterday said all the eight clubs in Enugu for the playoffs were enjoying a level playing field.

“The report about match-fixing is to say the least, frivolous. There is no truth in that malicious report.

All the clubs are enjoying a level playing field and officiating so far has been near perfect,” observed the media officer.

Ignis stressed that NNL’s only interest is to see the best four teams gain promotion to the elite division of the nation’s topflight league.

“We are in Enugu to ensure that the best four teams qualify for the NPFL. Those peddling allegations of match-fixing are only being mischievous,” Amar insisted.

Meanwhile, Bendel Insurance on their part stated that it is simply wicked for anybody to accuse the club of not playing to the rule.

The club’s Media Officer, Kehinde Osagiede, said Insurance players would not be distracted.

“We are focusing on the task ahead and we are here to get the job done by fair means,” stressed the team’s spokesman.

Insurance are to face Ekiti United in a must-win game moved to Friday after heavy downpour made the Nnamdi Azikiwe Stadium pitch unplayable.

The Edo team lost their opening game against 3SC 2-1.

Similarly, the remaining 25 minutes of the Gombe United FC versus DMD FC game of Group A is to be concluded before the match involving Insurance and Ekiti.

A midfield action recorded during the Bendel Insurance versus Shooting Stars Group B clash in the ongoing 2021 NNL Super 8 playoff in Enugu on Tuesday

President of Aytemiz Alanyaspor, Hasan Çavusoglu also expressed his delight following Awaziem’s arrival.

“Awaziem set off after the Nigeria game and came to Alanya yesterday (Wednesday) evening. He is a football player that we believe will contribute to our team,” he said.

“Transferring such player was not easy. He almost joined Besiktas in the last few days, but we were lucky. A very good team. We think we did it. I believe Aytemiz Alanyaspor will return to its old days with our new coach.

“We lost two matches, but we are still at the top of the league. I hope we will all get back together. We will try to bring our team to the place it deserves together with the new players, the technical team and the Aytemiz Alanyaspor community.

“Awaziem, Aytemiz is now a part of Alanyspor. We are together until the end of the season. I think we will have a good season,” concludes the club President in the statement posted on the club’s website yesterday.

Nigeria Defeats S’Leone in Cricket ICC World Cup Qualifier Nigeria women's Cricket team yesterday began their ICC T20 Women's World Cup qualification campaign on a positive note with a 5 wickets victory over West Africa rivals Sierra Leone in Gaborone, Botswana.

Sierra Leone had won the toss and elected to bat first in the opening game of the Group B at the ICC T20 qualifying event.

Opening bowling pair for Nigeria Abdulquadri Taiwo and Efosa Joy bowled decently with the latter getting the 1st wicket in the 4th over and a maiden leaving Sierra Leone on 14 runs.

Sierra Leone ended the 1st power play over on 27 runs for the loss of 1 wicket. They eventually finished for 102 runs for the loss of 9 wickets in 20 overs.

Abdulquadri Taiwo and Efosa Joy got 2 wickets each while Etim Blessing, Samson Rachael and George Chinyenum all got 1 wicket each.

Kamara Aminata of Sierra Leone scored 28 runs as the best bating figure for her team.

In the second innings,

Nigeria started brightly with the pair of Esther Sandy and Abdulquadri Kehinde getting to 21 runs before losing the 1st wicket. Salome Sunday was unlucky and was dismissed almost immediately. Nigeria finished the power play over with 34 runs for the loss of 2 wickets.

Esther Sandy, Blessing Etim and Omoye Asika controlled the game from thereon to ensure Nigeria sat firmly on 65 runs for the loss of 3 wickets in 10 overs.

Nigeria eventually chased down the required score to record 103 runs for the loss of 5 wickets in 16 overs.

Blessing Etim top scored with 27 runs strongly supported by Esther Sandy and Omoye Asika with 17 runs each. Abdulquadri Kehinde scored 11 runs to round up a very comfortable victory for Nigeria.

Beautiful Scenes and roars of excitement in Gaborone as Lucky Piety made her debut for the country becoming the youngest female player to wear the National colors and just age 14. She eventually finished with 11 runs off 9 balls not out.

“33” Export Lager Beer/Amstel Malta Ultra Thumb up Super Eagles The Super Eagles have received accolades from the Official Beer and Official Malt of the team; “33” Export Lager Beer and Amstel Malta Ultra respectively following their bright start to their qualification quest for the Qatar 2022 World Cup. The Eagles on Tuesday soared to a 2-1 victory over the Blue Sharks of Cape Verde in their second game of the second round of the African qualifying series.

Victor Osimhen pulled

Nigeria level 10 minutes after Dylan Tavares had given Cape Verde the lead; before a 75th-minute own-goal ensured Nigeria secured the maximum points.

The three-time African champions last Friday opened their campaign with a 2-0 win over the Lone Stars of Liberia.

With the Let’s Go Naija campaign being championed by “33” Export Lager Beer and Amstel Malta Ultra’s aim to empower the team to shine

and entrench their place in world football, the Road to Qatar for the Super Eagles is taking good shape with these two heart-warming results.

The maximum points by Gernot Rohr’s men from their two matches perfectly resonates with both brands, which have continued to connect and excite fans across the country to stand with their darling Super Eagles team.

The Head of Media, Digital, Brand PR and Sponsorships,

Nigerian Breweries Plc., Wasiu Abiola, is delighted that the “33” Export lager beer and Amstel Malta Ultra have been able to fuel the passion of Nigerian football fans and consumers to stand with the team as Nigeria aims to make its seventh appearance at the World Cup Finals.

“The brands will continue in their drive to build a solid fan base for the team irrespective of the stadium where the Super Eagles will play matches,” he

remarked.

Before Tuesday’s match at the 5,000–capacity Estádio Municipal Adérito Sena, “33” Export Lager beer via its dedicated digital platforms engaged fans with predict and win contests.

Quality items were given out to all deserving winners.

The Super Eagles’ next set of games in the World Cup qualifiers are billed for October and will be against the Central African Republic home and away.

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Price: N250

MISSILE PANDEF to Buhari “When you create a naval base in Kano, we hope that they will move all the vessels and the warships and protect the territorial deserts of Nigeria with the war vessels, and perhaps mitigate the activities of bandits and terrorists.

This government is a funny government. This country is so funny” – PANDEF spokesman, Ken Robinson, situating the planned naval base in Kano on nepotism and unnecessary.

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26 years

OKEYIKECHUKWU EDIFYING ELUCIDATIONS

okey.ikechukwu@thisdaylive.com

Why Zulum Needs Help and Support

S

everal media platforms, and in particular the Punch newspaper Editorial of August 14, 2021, have called out the Nigerian State on the negative security implications, and likely disruptive impact, of the ongoing ‘surrendering and reintegration of repentant insurgents.’ The subsisting perception, and fear, is that we may be making a grievous mistake. I share this perception and fear. I almost have no doubt that there may yet be a catastrophic fallout from what we are seeing today.

It is true that the Borno State governor once expressed some optimism while receiving the repentant returnees. But is it not also true that the possibility of a cataclysmic threat to social stability in Borno state, and to the nation, may be embedded in this development? Matters are not helped by the involvement of the military authorities, which allegedly profiled them and found them ‘clean enough’ to rejoin the very communities they once terrorised.

Yes, the official argument is that these fellows deserve both consideration and forgiveness. That is true. Even more so, when it can be confirmed that they are truly repentant. But who has ever heard of compelled forgiveness, even in the face of genuine repentance? Who has ever heard of a hurt being banished by a press conference from state officials, many of whom know nothing about the context of the issues involved? Acceptance, forgiveness and reintegration must be part of a holistic, well-choreographed societal framework that accommodates all relevant stakeholders and variables. If, indeed, the insurgents have had enough of it all, if they no longer wish to remain in the outskates of rationality, if they would rather be reabsorbed into the society, so that they could return to the life they once knew and cherished, then every aspect of this new reality must be well managed. It is certainly a thing of joy to see normalcy return to traumatised communities and for all to say goodbye to the life of highwaymen and buckle back into genuine community life.

But what if all we are likely to get out of this is organised Capital Consumption and the opening up of supply lines for relief materials? An unhealthy increase in expenditure and consumption, and the fanning of public ceremonies by agents and agencies of the federal government, will not give Borno State any lasting results, or promote Wealth Creation there. So, no one should open up massive and unsustainable expenditure headings and leave a mess for Zulum to deal with.

The announcement by the military authorities that over 5,800 Boko Haram fighters and their commanders have surrendered in recent weeks raises fundamental questions. Does anyone really know the reasons behind this latest development? Did the same Boko Haram not once call for a ceasefire, during the tenure of Badeh as Chief of Defence Staff

Zulum

(CDS), only to use the period to re-arm and re-group before resuming its attacks? Can Borno State speak of peace when sections of a group that has been living for too long outside the bounds of civility and rationality surrender (possibly) because of hunger, dearth of munitions, loss of leadership, or leadership acrimony, or all of the above? Are law abiding citizens wrong if they express reservations about having their former feared predators in their midst? Are Nigerians wrong in wondering aloud what such persons still really believe and want in the depths of their hearts? It all raises questions about how even the genuinely repentant ones among them are to be properly integrated into civil society.

That is why we should take seriously the concerns expressed by the Shehu of Borno, Senator Ndume and other stakeholders in the battered environments and communities. “You are playing with fire,” they all seem to be telling the Federal Government. Even some of the allegedly deradicalised individuals are vehemently opposed to the idea of returning to their former communities. Knowing the types of heinous crimes they committed before fleeing, they share the query of the Shehu, who once asked: “What sort of integration do you expect when a man who wiped out an entire family, or even several families, is escorted back by state officials?

Then there is the question of deradicalisation. What measures were put in place to ensure successful deradicalisation, and proper profiling, of the individuals involved? Are we to simply accept the claim that they had been successfully deradicalised? If yes, who deradicalised them? How was the success of this endeavour measured?

Which team of incredible trauma psychology experts was invoked by the armed forces and security agencies, to perform this miracle? Did we always have the capacity to refocus thousands

of religiously, politically, culturally and socially disoriented people in such a hurry?

If yes, how come radicalization of these individuals by Boko Haram occurred, in the first place? If we can, out of the blues, find seamless logistical facilitation of the physical accommodation, feeding etc. of the New Brides of our battered Nigerian society, if we can so speedily confirm that these Born Agains will not return to the bush and we could so easily check and confirm that all is well with them, then we are home and dry. Let us all therefore cheerfully thump our chests and say: “These guys are not here infiltrate the very fabric of our society, before a final, merciless cascade of suicide bombings and sundry mayhem.”

Yes, the Borno State Government expressed its willingness to accept and reintegrate insurgents. But, is it not strange that such massive surrendering is going on while massive killings are also going on everywhere? The other week Katsina State Government officially shut its roads, banned the sale of animals and also banned inter-state cattle movement. The story is more or less the same for Kaduna State, which reportedly banned transportation of livestock from other states. Niger state governor has suspended cattle markets, while his counterpart in Zamfara has just imposed a curfew. And, now, the Federal Government, through the National Communications Commission (NCC) has thrown a web blanket to snuff out every form of modern communication, albeit temporarily, over nearly 30% of our national space, because of banditry, insurgency and terrorism.

Has the Borno State Governor not pointed out that the ongoing surrender of Boko Haram terrorists presents the state with extremely difficult situations?

Has he not spoken to military officers and community leaders about the need for a well-thought-out critical framework for accepting, integrating and managing the surrendering terrorists, or for rejecting them and continuing with the war? Speaking realistically, the governor observed that the state must “… choose between an endless war or to cautiously accept the surrendered terrorists which is really painful and difficult for anyone that has lost loved ones, difficult for all of us and even for the military whose colleagues have died and for volunteers.”

He said, further: “No one would find it easy to accept killers of his or her parents, children and other loved ones. In the last 12 years we have been in this war, and we have lost thousands of fellow citizens. We don’t know the whereabouts of thousands of others. We don’t know whether they are alive or dead. In these 12 years, millions have been made homeless and many wealthy farmers, transporters and others have been rendered poor. In these years, we were able to cultivate maybe around three percent of the arable land. As a result, our people became dependent on food aid amid donor fatigue

and potential food insecurity. In fact, the repercussions of the Boko Haram crisis are enormous and as someone who has been involved with assessment of the impacts and rebuilding efforts in the last seven years, I am in position to know the endless negative impact the Boko Haram has made in Borno.”

Zulum spoke the way a genuine leader and statesman would. He has demonstrated the very qualities expected of anyone who should aspire to be Nigeria’s future president. His grit, focus, courage, ideas framework and determination, as consistently demonstrated, are precisely the things lacking in many leaders today.

Here him again: “Accepting Boko Haram (returnees) has the risk of seriously offending the feelings of victims with potential of civil rebellion, just as there is the risk that if Boko Haram fighters willing to surrender are rejected, they can join ISWAP to swell the ranks of fighters in the bush and the path of peace becomes narrowed.” Are these not the words of a man who means well, but who is in a dilemma?

Zulum is currently trying to find a holistic template, after consultations involving the military and security agencies, resident security heads, traditional rulers, elders, religious leaders, national and state assembly members, academics and other stakeholders; especially the very victims of the insurgents, in order to determine how to move forward. His July 19, 2019, visit to President Buhari in Aso Rock saw him pointing out the need to address the root causes of insurgency. He identified the questions of access roads, access to farmlands, strengthening the civilian JTF and the military to perform their job better than before as critical success factors in the fight against insurgency.

He drew attention to how the Borno govt was collaborating with military and paramilitary institutions to protect the citizenry, even while trying to strengthen the local people and the communities to be resilient. He emphasized the need to open other opportunities for bringing down the crisis, other than by kinetic means.

The most worrisome aspect of what is going on in Borno State today is that the space is fast turning into a funds absorption basket. The expenditure profile inflicted by the extra load of surrendering insurgents constitute a further drain on the state’s resources. The monies gulped by the IDP camps, the emergence of Ruth Ngladar Pogu and a Boko Haram man said to be her husband and the appearance of another Chibok girl, Hassana Adamu, alongside her two children, are all tugging at Zulum. Things are not looking too well. The dilemma of a man who means well, who considers all angles and who is determined not to fail should be a matter of greater national concern. Any conflagration arising from thinking that “It is the problem of Borno State” may make the nation to rue piteously in the very near future.

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