THURSDAY 7TH AUGUST 2025

NUPRC Publishes Concession Status of 243 Oil Blocks, Says No Asset Abandoned Emmanuel Addeh in Abuja

The Nigerian Upstream Petroleum Commission

(NUPRC) has released the report of abandoning some concession status of 243 oil oil assets, nothing could be blocks, maintaining that con- further from the truth. trary to a recent newspaper The NUPRC said in a

statement yesterday that Act (PIA) 2021. this was done in the spirit of A report recent had transparency as envisaged insinuated that Nigeria by the Petroleum Industry currently has 220 open

oil blocks scattered across its onshore and offshore Continued on page 39

Two Ghana Ministers, Six Others Killed in Helicopter Crash... Page 39 Thursday 7 August, 2025 Vol 30. No 11078. Price: N400

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Tinubu: Doyin Abiola Was Icon of Nigerian Journalism, Amazon, Soldier of Democracy

Declares deceased was epitome of integrity, tenacity, hard work, commitment to excellence Sanwo-Olu, Abiodun, Alake, NPAN, NGE, others grieve

Deji Elumoye in Abuja, James Sowole in Abeokuta, Segun James in Lagos

President Bola Tinubu, yester- presidential election, Chief was an amazon, journalism day, mourned the widow of MKO Abiola, Dr Doyinsola icon, trailblazer, and soldier the winner of June 12, 1993 Hamidat Abiola, saying she of democracy.

Tinubu, in a tribute, deContinued on page 39

Late Doyin

Shettima: We Are Investing in MSME to Create Jobs, Reduce Poverty, Increase GDP Says clinics designed to take government agencies closer to people, eliminate bottlenecks in business registration, regulation It’s a timely intervention, says Aiyedatiwa Oyebanji hails FG on Initiative Gbenga Sodeinde in Ado Ekiti Vice President Kashim Shetima, yesterday, said the federal government was deliberately investing in the Micro, Small and Medium Enterprises (MSMEs) Clinics initiative because of its capacity to generate jobs, reduce poverty, and contribute significantly to the country’s Gross Domestic Product (GDP).

Speaking at the seventh Expanded National MSME Clinics in Akure, the Ondo State capital, Shettima explained that the initiative Continued on page 39

ANNOUNCING SUCCESSFUL INTEGRATION OF PAPSS INTO LEO, UBA’S AI-POWERED CHATBOT...

L-R: Chief Executive Officer at Pan-African Payment & Settlement System (PAPSS), Mr. Mike Ogbalu III, and Group Managing Director/CEO, United Bank for Africa (UBA), Mr. Oliver Alawuba, during the press conference held to announce the successful integration of PAPSS into LEO, UBA’s AI-powered chatbot, enabling instant, seamless and secure transaction in local currencies between African countries, held at the bank’s headquarters in Lagos, yesterday

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THISDAY • THURSDAY, AUGUST 7, 2025

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

NEWS

INAUGURATION OF AN UPGRADED NETWORK OF ROADS IN OLORUNDA LCDA...

L-R: Senator Musiliu Obanikoro; APC Lagos Chairman, Pastor Cornelius Ojelabi; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu; his Special Adviser on Infrastructure, Engr. Olufemi Daramola; SSG, Barr. ‘Bimbola Salu-Hundeyin, and APC chieftain in Badagry, Hon. Babatunde Hunpe, during the official inauguration of an upgraded network of roads in Olorunda LCDA and Badagry Local Government, yesterday

Shell Identifies Right Policies, Technology as Key Steps to Nigeria’s Sustainable Energy Future Ejiofor Alike The Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Mr. Ronald Adams, yesterday, declared that Nigeria’s efforts to achieve a sustainable energy future would deliver the desired results if it introduces the right polices and deploys fit-for-purpose technology.

Adams said this at the ongoing annual international conference and exhibition of the Nigerian chapter of the Society of Petroleum Engineers (SPE) in Lagos.

According to him, the country should also develop a robust supply chain and human resource base to help unlock production and investments.

He explained that the right policies would provide a good framework for a sustainable energy future, while technology, “will help unlock more with less” as

efficient supply chains and human resources will drive industrial growth towards a secure energy future.

“The question is no longer whether Nigeria will play a key role in the future of energy, but how quickly and effectively we can harness our potential to

deliver affordable, secure, and increasingly cleaner energy for Nigeria, and the world,” he said.

Pledging Shell’s support for Nigeria’s sustainable energy future, he said SNEPCo was leveraging technology such as predictive analytics, integrated data systems,

The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) has commended President Bola Tinubu for signing the Tax Reform Bill into law, while calling for the establishment of a National Tax Fraud Investigation and Forensic Oversight Framework to improve

of an efficient supply chain, he said SNEPCo was taking steps to ensure that over 90 percent of the contract value in its operations is executed

by Nigerian companies as it continues to grow the capacity of indigenous contractors in the supply of goods and delivery of services.

“A lot more needs to be done to scale up local competence,” he pointed out.

“End-to-end industrial capability is limited in Nigeria, which means project scopes often get split between in-country and overseas, increasing cost and, in some cases, delaying delivery.

FG: Oil Exploration Activities to Resume in Ogoni Soon Blessing Ibunge in Port Harcourt The federal government has expressed the hope that, following confidence-building measures put in place, oil exploration activities would soon begin in Ogoniland.

Leading a delegation from the ONSA, Ojukaye FlagAmachree, the Director of Energy Security Directorate, alongside officials from the Nigeria National Petroleum Corporation Limited

(NNPCL) and its joint partners including officials from Rivers State Government, while visiting various facilities in Ogoniland yesterday, said the visit was part of the confidence building measures to facilitate the negotiation process between federal government and the Ogoni people.

Oil exploration has been shut down for over 30 years following the extra-judicial murder of late environmental rights activist, Ken Saro-Wiwa

CIFCFIN Backs Tax Reform Law, Calls for National Fraud Investigation Framework Bennett Oghifo

and the right maintenance philosophy to drive record levels of plant availability on Bonga, nearly 20 years after first oil.

“That’s performance built on foresight, technology, and a commitment to excellence,” Adams said.

In recognition of the role

Nigerian tax system.

Speaking during the graduation ceremony of the Institute’s 13th Direct Membership Training, Licensed Practitioners Training and Fellowship Awards at the National Institute for Legislative and Democratic Studies (NILDS), Abuja recently, CIFCFIN’s Founder/Chairman, Governing Council, Dr. Iliyasu Gashinbaki, said

the new tax law introduced a Unified Tax Code for consistency across all tiers of government.

Praising the initiative, he said it also mandates Digital Tax Registration and Reporting for both local and foreign entities; enforced stricter penalties for evasion and fraud that extended criminal liability to facilitators such as accountants, auditors and even legal practitioners.

and eight other Ogonis.

However, the federal government, through the Office of the National Security Adviser (ONSA), late 2024, began moves to resume oil exploration in the area.

During a meeting between the Ogoni Dialogue Committee and the federal government early this year, they demanded some confidence-building measures to be put in place by the federal government to facilitate their negotiation with the communities.

However, the purpose of yesterday’s visit FlagAmachree highlighted was to review the implementation

of the confidence-building measures as part of the agreements between the federal government and the Ogoni community, and to plan for future negotiations based on the Ogoni-wide consultations conducted by the Dialogue Committee. He said the visit highlighted federal government’s renewed commitment to fostering development, dialogue, and peace in Ogoni, with ongoing efforts to ensure sustainable growth in the region.

Speaking with journalists, Flag-Amachree said they were in Ogoniland to assess facilities that require immediate attention as part

of the federal government’s commitment towards keeping parts of the agreement with the Ogoni people.

He said: “We have gone round all the various facilities. You are aware that the Federal Government and the people of Ogoni have been discussing and we have good dialogue in terms of resumption of oil exploration here in Ogoniland and critical facilities were agreed upon by the federal government and the Dialogue Committee to help in building confidence around the genuine federal government’s initiative to resume oil exploration in Ogoni.

Ekpo: Nigeria’s Manufacturing Sector Must Contribute 40% to GDP to Propel Economic Growth

Dike Onwuamaeze

An Emeritus Professor of Economics and former board member of Central Bank of Nigeria and its Monetary Policy Committee (MPC), Prof. Akpan Ekpo, has stated that manufacturing sector’s

contribution to Nigeria’s Gross Domestic Product (GDP) must reach 40 per cent before the country could have a strong economy.

Ekpo, a former Director General of the West African Institute for Financial and Economic Management

(WAIFEM), stated this yesterday, in an interview on Arise News Channel’s ‘The Morning Show,’ where he made the case that Nigeria must industrialise to build a strong economy that could withstand negative external shocks.

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NEWS

STRATEGIC PARTNERSHIP FOR THE ENVIRONMENT...

The Director-General/CEO, National Oil Spill Detection and Response Agency (NOSDRA), Engr. Chukwuemeka Woke (left), and the acting Head, European Union Delegation to Nigeria and ECOWAS, Mr. Ruben Alba (right), in warm handshakes during a strategic meeting at EU’s mission office in Abuja

Egbin Power, Ikeja Electric, FIPL Not in Receivership, Says Management Fire incident at Egbin power destroys TCN’s 150MVA transformer Ikorodu, Odogunyan, Sagamu, Maryland impacted Emmanuel Addeh in Abuja Peter Uzoho in Lagos Egbin Power Plc, Ikeja Electric Plc (IE), and First Independent Power Limited (FIPL) have refuted reports from an advertorial alleging the appointment of Kunle

Ogunba (SAN) as Receiver/ Manager over the entities.

In a statement issued yesterday, the management of the three power companies said the publications, contrary to a subsisting court ruling, erroneously claimed the appointment

of a Receiver/Manager over KEPCO Energy Resource Nigeria Limited, NG Power-HPS Limited, and New Electricity Distribution Company, with operating companies – KEPCO (Egbin Power), NG Power-HPS Limited (FIPL), and New

Electricity Distribution Company (Ikeja Electric).

“We state unequivocally and for the record that Egbin Power Plc, First Independent Power Limited, and Ikeja Electric Plc are absolutely not in receivership, and their assets, businesses, or

In Major Win for Vulnerable Retirees, Tinubu Orders Quick Rollout of Free Healthcare Initiatives

Directs implementation of pension increment Asks PenCom to urgently address protracted police pension issue, regulator seeks to protect assets from inflation, others Foreign currency contributions underway to allow diaspora participation in pension system Deji Elumoye and James Emejo in Abuja

President Bola Tinubu, yesterday, ordered the expedited rollout of a free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS).

Tinubu said the health initiative for vulnerable retirees was a critical component of social protection and dignity in retirement.

A statement by the president’s Adviser on Information and Strategy, Mr. Bayo Onanuga, disclosed that Tinubu gave the directives after receiving a briefing from Director General/Chief Executive, National Pension Commission (PenCom), Ms Omolola Oloworaran.

He also called for the prompt implementation of the long-overdue pension increases and a minimum pension guarantee, which would provide a safety net for the most vulnerable pensioners under the CPS. The president further mandated Oloworaran to urgently resolve the protracted police

pension issue, emphasising that members of the police force who serve and protect the country deserve to retire with dignity and peace of mind.

The director-general also briefed the president on ongoing efforts to ensure the value preservation of pension fund assets, especially in the face of inflation and macroeconomic pressures.

She disclosed plans to introduce foreign currency contributions to enable Nigerians in the diaspora to participate in the pension system.

Oloworaran updated the president on a suite of transformative pension initiatives to enhance retirees’ welfare and expand pension penetration.

Tinubu also reaffirmed strong support for ongoing reforms in the pension industry, adding that his administration remains committed to inclusive growth and protection for ordinary Nigerians.

The development came as a huge relief for low-income retirees, who often lack access

to quality healthcare after their service to the country, especially given their poor remunerations during service, which also determine their low pension.

Tinubu’s directive for the resolution of grievances over police pension was particularly timely, given that police retirees had continued to press for their exit from the CPS, largely because of their meagre pension in contrast to other security agencies.

It is believed the police is one of the least paid security agencies in Nigeria.

Essentially, the free healthcare initiative is part of ongoing reforms embarked upon by Oloworaran since her assumption of office, aimed at making the CPS more responsive to retirees needs.

According to Head, Corporate Communications at PenCom, Mr. Ibrahim Buwai, the healthcare access is planned for the retirees earning low amounts of pension, which is meant to free up their pensions for other pressing essential needs.

He told THISDAY, “It is

instructive to emphasise that it will be entirely free, at no cost to the retirees.

“On the police pension issues, in line with the president’s directive, the PenCom DG met with the IGP and the police high command on August 5, 2025 to explore ways of addressing the legitimate issues of the police.

undertakings are not under the management of any external Receiver/Manager whatsoever,” Chief Legal and Regulatory Officer, Ikeja Electric, Babatunde Osadare, said on behalf of the power companies’ management.

Osadare said the claims were not only false, but “represent a gross misrepresentation of facts and a malicious attempt at self-help designed to subvert the course of justice”.

According to him, in definitive rulings delivered on August 5, 2025 (Suit Nos. FHC/L/CS/1242, FHC/L/CS/1244, FHC/L/ CS/1245), the Honourable Justice Akintayo Aluko of the Federal High Court in Lagos explicitly restrained the lenders and their purported Receiver/Manager from taking any adverse actions.

Osadare said the rulings specifically prohibited the purported Receiver/ Manager from: accelerating

the disputed loan facility before its maturity; interfering in any manner with the assets, businesses, or undertakings of the power entities, including operational accounts; enforcing any share security over the assets of the power entities or their sponsors, based on the disputed debt; or unilaterally enforcing any finance documents related to the disputed debt.

He said, “We, therefore, urge the general public, our valued customers, financial partners, regulators, and all stakeholders to completely disregard the falsehoods presented in the aforementioned THISDAY advertorials and any related, unfolding misleading press releases.

“The core matters referenced are actively being litigated and the lenders, represented by the purported Receiver/ Manager, have formally submitted to the Courts jurisdiction.”

UBA Partners PAPSS to Advance Local Currency Transfers Across Africa via Leo

Kayode Tokede

The United Bank for Africa Plc (UBA), yesterday, said it has partnered with Pan-Africa-Payment and Settlement System (PAPSS) to advance its artificial intelligence-powered chatbot, LEO. The move is expected to drive seamless payment in local currency across the continent.

The integration enables customers to make crossborder payments directly through digital platforms

like WhatsApp and Facebook Messenger, marking a new era of 24/7 real-time financial transactions across the continent.

PAPSS, developed by the African Export-Import Bank (Afreximbank), is designed to simplify and accelerate payments across African countries using local currencies. Its integration with Leo underscores a push toward more inclusive and accessible financial services, particularly in support of the African Continental Free Trade Area

(AfCFTA).

Speaking at the launching ceremony in Lagos, the Group Managing Director, UBA, Mr. Oliver Alawuba, said, “Today, we are not just launching a new digital feature. We are unlocking the future of real-time, borderless trade in Africa.

“This launch is a strong reaffirmation of UBA’s strategic vision - to be the foremost catalyst of financial integration, economic empowerment, and trade facilitation across the continent.”

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NEWS

TRAINING ON RE-TOOLING FOR EXCELLENCE...

L-R: Permanent Secretary, Public Service Office, Mrs. Sunkanmi Oyegbola; Permanent Secretary, Ministry of Waterfront, Mrs. Lolade Aina; and Director General, Administrative Staff College of Nigeria (ASCON), Mrs. Funke Adepoju, at the ongoing competency-based training on Re-tooling for Excellence: Role of Admin and Human Resource Managers in the Public Service, at ASCON, Badagry, Lagos State, yesterday

Analysts: New Insurance Act Will Trigger Industry Recapitalisation, Catalyse Economy Senate Committee hails regulation as “most far-reaching reforms” in financial sector NAICOM: Act will enhance insurance penetration, promote economic growth, protect policyholders’ interests and attract investments into the sector

James Emejo, Sunday Aborisade in Abuja and Ebere Nwoji in Lagos

Analysts and industry operators, yesterday, hailed the signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law

by President Bola Tinubu, describing it as a catalyst for economic transformation.

They said the new regulations had the potential to rebuild trust, restore confidence, and attract massive investments into the insurance industry.

The landmark legislation repealed the 22-year-old Insurance Act of 2003, and consolidated several insurance laws, which were no longer current, into a single, modern legal framework.

Chairman, Senate Committee on Banking, Insurance and other financial institutions, Senator Tokunbo Abiru, said NIIRA was one of the

most far-reaching reforms in the history of the country’s financial services sector.

In a statement, the lawmaker, who led the legislative push for the bill, described the Act as a milestone in Nigeria’s journey towards economic transformation.

He said, “This Act replaces a fragmented and outdated legal regime with a unified, modern framework designed to foster innovation, strengthen regulatory oversight, and protect policyholders nationwide.”

Abiru stressed that the new framework was crucial to restoring public trust and improving accountability in the industry, and also strengthened Nigeria’s participation in regional insurance systems, such as the ECOWAS Brown Card Scheme, which facilitates cross-border coverage and cooperation.

To ensure effective implementation, NIIRA significantly empowers the National Insur-

ance Commission (NAICOM) with broader supervisory and enforcement authority, including power to enforce compliance, drive innovation, and maintain market discipline in the industry.

Abiru stated that the changes were not merely technical adjustments but

Justice Dehinde Dipeolu of the Federal High Court, Lagos Division, has ordered parties in a pending suit filed by United Bank for Africa (UBA) Plc to refrain from actions that could undermine the integrity and dignity of the judiciary.

The order came during proceedings on UBA’s challenge to the sale of a 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC)

by Asset Management Corporation of Nigeria (AMCON).

UBA is seeking to nullify the transaction, alleging that the N100 billion divestment was carried out without its consent, violated due process, and grossly undervalued the asset.

The bank, a key lender to Integrated Energy Distribution and Marketing Limited (IEDM), the original holder of the IBEDC stake, described the sale as

regulatory inefficiencies, weak enforcement, limited consumer confidence, and a lack of innovation.

“The NIIRA, is designed to address these challenges head-on and chart a new course for the sector.”

He expressed deep appreciation for the support of the

senate leadership, members of the Senate Committee on Banking, Insurance and Other Financial Institutions, lawmakers in both chambers of the National Assembly, National Insurance Commission (NAICOM), and stakeholders across the insurance value chain.

FG, Kuwait Explore Partnership Areas for Housing Development Dangiwa calls on cooperative societies to participate in ongoing programmes Emmanuel Addeh in Abuja

Kuwait Fund for Arab Economic Development The Ministry of Housing (KFAED).

The partnership, it said, and Urban Development yesterday announced that will focus on pursuance of it was exploring partner- the delivery of affordable ship areas, particularly housing and promoting in housing infrastructure sustainable urban developdevelopment with the ment in Nigeria, a statement signed by the ministry’s Director of Press and Public Relations, Badamasi Haiba, said in Abuja.

KFAED is Kuwait’s

Court Warns Parties to Respect Judiciary in UBA’s Challenge to N100bn IBEDC Sale

Wale Igbintade

strategic reforms aimed at unlocking the vast potential of Nigeria’s insurance market.

He said, “For decades, the insurance sector has suffered from low penetration, estimated at just 0.5 per cent of GDP, far below the African average.

“This has been due to

unlawful and sub judice, insisting it is in contempt of ongoing proceedings before Justice Akintayo Aluko of the same court.

AMCON Managing Director/CEO, Gbenga Alade, had confirmed the sale at a press conference in Lagos, describing it as a strategic move.

However, UBA condemned the briefing as an affront to the judiciary and signalled plans to initiate contempt proceedings against AMCON.

agency for the provision and administration of financial and technical assistance to developing countries.

Minister of Housing and Urban Development, Ahmed Dangiwa, expressed the readiness of the ministry to receive the interventions, during a meeting with a delegation from the Kuwait Fund, held at the Ministry’s headquarters in Mabushi.

The minister highlighted

a couple of programmes launched by the ministry, under the leadership of President Bola Tinubu, as key areas where the Ministry needs intervention.

The areas, he said, include the establishment of building material manufacturing hubs across Nigeria’s six regions to reduce the cost of building materials in the country and create job opportunities.

Remi Tinubu, Nonye Soludo Empower 1,000 Anambra Women to Boost Their Businesses

David-Chyddy Eleke in Awka

Wives of the President of Nigeria, Asiwaju Bola Tinubu and Anambra State Governor, Prof. Chukwuma Soludo; Senator Oluremi Tinubu and Dr. Nonye Soludo, respectively have jointly empowered 1,000 women in Anambra State.

The empowerment came courtesy of the nationwide flag off of Renewed Hope Initiative and Tony Elumelu Foundation Women Empowerment Programme by Mrs. Remi Tinubu.

While Senator Tinubu had slated 500 women to benefit from the small business recapitalization grant in each state of the federation,

Mrs. Nonye Soludo mapped out funds for additional 500 women in the state.

The funds disbursement which took place at the new Government House, Light House, Awka, yesterday, witnessed massive attendance from indigent women who were empowered with N50,000 each as seed fund for their businesses.

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THURSDAY AUGUST 7, 2025 • T H I S D AY

Leo Becomes Africaʼs First Chatbot for Cross-border Payment You can now enjoy seamless and instant money transfer across the continent when you use PAPSS on Leo

Scan to chat with Leo on

www.ubagroup.com

Africa, USA, UK, France

Africa’s Global Bank

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Politics

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

Mutfwang: Plateau Remains Relatively Safer than Most States in Nigeria

Governor, Caleb Mutfwang of Plateau State, in this interview in Jos, the state capital, points to vivid achievements that can be credited to his government in the past two years. Seriki Adinoyi brings excerpts:

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hat is your assessment of the last two years of your administration in Plateau State?

First, I must place my gratitude to the people of Plateau state for the support and believing in our transformative leadership since we came into government in 2023.

We have restored hope and confidence in governance and we have brought inclusive development across all segments of the state without sentiment. We have also enjoyed a tremendous relationship with the media, and I want to thank you for your sense of patriotism, so far deployed. Some of the reportage have demonstrated that you are actually stakeholders to the Plateau project.

The essence of the media is not to destroy, it’s to build, and therefore, what you report should add value to the state, being a critical contribution to our progress.

Let me go back memory lane; when we took over on May 29, 2023 we were not oblivious of the challenges we were going to confront.

The first was of course, the issue of security.

Those who have followed us would remember that we convened a security council meeting two days after we were sworn in, and to our chagrin we found that none had been held for close to a year.

We immediately swung into action, trying to appraise the security situation, and see how we can re-motivate the security agencies, and it’s unfortunate that the security challenge has not abated as we had hoped. But one thing we have done is that sometimes it’s difficult for people to appreciate what government has done when these challenges continue but, I assure you that we will not relent, we are reviewing our strategy to ensure lives and property are safeguarded in the state.

But I want you to know that if we hadn’t

substantially regain ground in Wase. That’s why today, the grazing reserve in Wase is available for investment.

Mutfwang

done the much we had done with the intelligence at our disposal, Plateau State would be a different place today.

There are so many details we cannot unveil, but I’m glad to tell you that Plateau State is relatively safer than most states.

At the moment, we do not have any

local government that is completely a no-go area unlike some states. What we have are very opportunistic attackers that come in, and then disappear. We don’t have a resident camp of bandits on the Plateau except situations that had arisen in Wase Local Government Area. But I’m glad to tell you that we’ve been able to push back and we’ve been able to

What new strategies are you deploying to confront the security challenges?

We have continued to re-double our efforts to make sure that we stem this tide, and I’m sure that with the efforts, we are putting in place, we’re going to see significant improvements not too long from now. One thing I must say is that we brought Operation Rainbow back to the frontier of security operations.

Today, there are people who are complaining about the operations of Operation Rainbow, and I believe that if Operation Rainbow was not functioning, they would not complain against it. But it has been a good compliment to the security agencies on ground, and going forward, we can only strengthen it and not take it out.

More than the issues of security which has beclouded the progress we have made, is that what we promised the people of Plateau State is leadership. We promised that we’re going to lead, we are not going to be political.

As a matter of fact, I used to tell people that I’m not a politician. I’m in politics, but I’m not a politician. I’m in politics because that is the only platform by which you can come into governance, in our country, and my aim is not just to be in office for the sake of it, but to be able to provide leadership that will take Plateau State to the level where we all dream it to be. A state where it’s economically buoyant, economically self-sufficient, in a state that can compete with other states in Nigeria, even beyond the shores of this country.

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

Education Investment: North as Tinubu’s Launch Pad for Human Capital Renewal Hassan Mustapha writes about various educational initiatives of the President Bola Tinubu-led government at the centre to renew human capital development especially in Northern Nigeria in the last two years.

F

acts are sacred. Opinions are free.

For years now, education in Northern Nigeria has been shaped by gross underfunding, low enrolment, cultural and systemic barriers.

But under President Bola Tinubu, a silent yet steady revolution is unfolding; one that may be redefining the educational future of the region.

When you think of Asiwaju Tinubu and education, you think of his historic establishment of the national student loan programme, which presently finances the tuition and upkeep of more than 396,000 Nigerian students. What many may not realize is that the majority of young Nigerians benefitting from the programme are Nigerian students of northern extraction who comprise more than 55% of the total beneficiary pool, and by extension, account for over N45 billion of the total of N77 billion disbursed so far by NELFUND. While this landmark initiative prepares the youth for full participation in the knowledgebased national economy of the future while reducing the immediate financial burden on low income households across the federation, this massive legacy of President Tinubu has taken attention away from several other silent reforms and developments on a mass scale in Northern education, under his watch, that will place the region’s students on equal footing with their contemporaries across the globe.

There is an old axiom that says an entity is only as strong as its weakest link. Education access and quality in Northern Nigeria has stood as a most central and intractable feature of Nigeria’s longstanding developmental quagmire.

Like the threat of the Atlantic’s crashing waves and encroaching waters on the shores of Lagos, President Tinubu is now determined

Tinubu

to turn another liability into a great national asset.

From tackling the crisis of out-ofschool children to establishing skill development centres and modernising policy frameworks, Tinubu’s administration is laying the groundwork for an inclusive, modern, and resilient education system in Northern Nigeria.

Before 2023, education in the North was in a precarious state. The region accounted for over 66% of the country’s estimated 10.5 million out-of-school children. The Almajiri system lacked oversight and integration into formal learning. Poverty, insecurity, and traditional norms further suppressed school attendance, especially for girls and rural children. Infrastructure deficits, outdated curricula, and

limited teacher capacity added to the problem.

Although these challenges were inherited, President Tinubu’s administration opted not for quick fixes, but systemic reform. One of the most visible shifts is in infrastructure investment. Over 120 learning centres have been established across all senatorial districts, many equipped with solar power, safe water systems, and furniture marking a foundational step toward functional learning environments.

In partnership with UBEC, 101 Almajiri schools were built or revitalized, with new integrated Tsangaya education centres dotting parts of Bauchi, Niger, Kaduna, and Kano states.

To coordinate these efforts, the administration established the National Commission for Almajiri and Out-of-School Children Education (NCAOOSCE). The Commission has already developed the first draft of a national policy on Almajiri education, and inaugurated a Technical Working Group (TWG) for strategic reform.

The proposed Almajiri Health Scheme, introduced by the Federal Ministry of Health, aims to provide health insurance to children enrolled into school making education a path to wellness, not just literacy.

At the heart of Tinubu’s strategy are two landmark initiatives - DOTS and NESRI. DOTS focuses on Data, Out-of-school children, Teacher training, and Skills development, while NESRI (National Education System Reform Initiative) drives structural transformation across curricula, learning outcomes, and school management.

-Dr Mustapha writes from Maiduguri, Borno state capital.

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

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Property & environment

NIQS, BPP Brainstorm for Better Synergy, Transparency in Procurement Bennett Oghifo

The Nigerian Institute of Quantity Surveyors (NIQS), and the Bureau of Public Procurement (BPP) have called for efficiency and transparency in project procurement to ensure value for money and sustainable infrastructure in the country.

This was the fulcrum of discussions at a 2-day national workshop organised by the Nigerian Institute of Quantity Surveyors (NIQS), at the International Conference Centre in Enugu, recently.

The theme of the conference was, “Standardizing Procurement Excellence by Enhancing Transparency and Efficiency through the Nigerian Bureau of Public Procurement Standard Bidding Documents.”

The workshop was attended by built environment professionals, project cost experts, and procurement advocates,

and was Chaired by a former Chief of Army Staff, Lt. Gen. Azubuike Ihejirika (Rtd), a member of NIQS. Also present was the wife of the Deputy Governor of Delta State, QS Ezinne Catherine Oyeme.

According to the Director General, Bureau of Public Procurement (BPP), Dr. Adebowale A. Adedokun, “We are gathered here today not just for another industry event—but for a defining moment in our collective journey to institutionalise procurement excellence in Nigeria.”

Describing it as “A New Chapter in Procurement Standards,” he said the theme of the workshop could not be more timely nor more strategic.

At this defining moment in our nation’s history, President Bola Ahmed Tinubu, GCFR’s Renewed Hope Agenda calls upon every institution to transcend the ordinary – to

re-engineer our systems and governance frameworks in ways that deliver shared prosperity, uphold fairness, and open the doors of opportunity to every Nigerian. Procurement reform, therefore, is not a luxury – it is an imperative.

“In an era of tightening budgets, expanding infrastructure demands, and heightened public scrutiny, the ability to procure with integrity, speed, and value is a decisive instrument for translating this Renewed Hope into tangible results for our people.”

The Chairman of the conference, former Chief of Army Staff Ihejirika (Rtd), said, “The non-adherence to standards has been a major national malaise, particularly in issues of procurement, making it difficult to win and sustain the confidence of investors, banks, contractors, and equally hampered Foreign

Direct Investments.”

He said this was the reason the federal government, in its economic reform, established the Budget Monitoring and Price Intelligent Unit (BMPIU) in 2001, known as the Office of Due Process.

“This was to minimise corruption and abuses to known rules in public procurement. To ensure a legal backing to the reform a public procurement bill was initiated. This led to the promulgation of Nigeria Procurement Act 2007.

“This Act with its Amend-

ments provided for legal and institutional framework for transparency, accountability, competitiveness, efficiency and value for money in the procurement of works/ construction, goods and services at all levels in the federal government.”

L-R: NIQS Vice President, QS Bamidele Mafimidiwo, FNIQS; DG NIQS Foundation, QS Celestina Eke, FNIQS; NIQS President, QS Kene C. Nzekwe, FNIQS; DG Bureau of Public Procurement, Dr Adebowale Adedokun, FCIPS; NIQS Deputy President, QS Dr. Aminu Bashir FNIQS; and NIQS Secretary International Affairs, QS Abdulkareem Tukur, FNIQS, at a 2-day workshop in Enugu... recently

Cooperatives Urged to Channel Pooled Resources into High-value Real Estate Opportunities Bennett Oghifo Cooperatives have been advised to move beyond saving for saving’s sake and begin channeling their pooled resources into high-value real

estate opportunities that appreciate over time and provide measurable returns.

The advise was given by Founder and CEO of Solid Foundation Group, ESV. Adetoun Otepola, at the fourth

edition of the CEO’s Forum, powered by the CTTNetwork, recently, at the Nigerian-British Chamber of Commerce, Lekki.

The theme was: “The Role of Real Estate in Strengthening Cooperative Wealth Structures.”

L-R: Mrs Henrietta Otoabasi-Akpan; Mrs Olujoke Ayoade; Founder/CEO of Solid Foundation Group, Adetoun Otepola; and Mrs Olufunmilayo Jegede, during the CEO forum organised by Solid Foundation Group in Lagos... recently

Speakers at the Forum included Emmanuel Adeshina, Vice President, Corporate & Offline Business, Wakanow; Chinyere Chimezie, Head of Marketing, Homebase Mortgage Bank Ltd. and Oluwatobi Osonuga, Managing Director, Chateau Royal Real Estate Ltd. This edition of the forum was designed as a strategic knowledge-sharing platform for cooperatives, businesses, and organisations looking to transform their capital, savings, and resources into long-term wealth. It delved into how smart real estate investments and innovative financing structures can secure the future and drive sustainable institutional growth.

Otepola, who hosted and convened the Forum, said real estate is a “mobility tool, one that unlocks freedom, prosper-

ity, and global opportunities.

Real estate is more than owning land or buildings,” According to her, “It is a strategic gateway to wealth mobility, global relevance, and a secure legacy for families, organisations, and cooperatives.”

She noted the unique opportunity that lies in early investment and outlined how Solid Foundation Group supports investors in unlocking value through well-structured and future-forward real estate offerings.

However, she said many cooperatives in Nigeria often fail because of “poor leadership, lack of transparency, inadequate capital, and limited professional oversight.

“Externally, regulatory challenges and economic instability compound these problems.

Without sound governance,

proper registration, and access to financial tools, cooperatives are set up to struggle.”

She stated that professional management, member education, and legal compliance are non-negotiables for success. “Cooperatives have the potential to be powerful economic advantage, but they must be built on systems that sustain them.”

Chinyere Chimezie of Home Base Mortgage Bank, discussed the importance of cultivating a strong saving culture both for individuals and their children.

She emphasised the urgent need for home ownership as a hedge against inflation and a pathway to wealth preservation.

Chimezie also worked to dispel the skepticism that many Nigerians have about mortgage financing, explaining that mortgages are accessible and powerful if well understood.

Lagos Declares 176 Housing Estates Illegal, Gives Owners 21 Days to Process Layout Approvals Bennett Oghifo The Lagos State Government has said it identified 176 illegal estate developments, predominantly located in the Eti-Osa, Ajah, Ibeju-Lekki, and Epe axis of the state, and has given the owners a 21-day ultimatum to process their layout approvals.

These estates, deemed illegal

due to their failure to obtain layout approvals from the Ministry of Physical Planning and Urban Development, were listed in a document published by the Ministry on Monday.

A statement issued by the Director, Public Affairs, Lagos State Ministry of Physical Planning and Urban Development, Mukaila Sanusi, quoted the Permanent

Secretary, Office of Physical Planning, Engr. Oluwole Sotire, to have said “the illegal estates compromised the sustainable development ethos and the T.H.E.M.E.S+ Agenda of the Lagos State Government by operating without approved layouts. The identified illegal estates include Adron Homes, Elerangbe; Aina Gold Estate, Okun-Folu; Diamond

Estate, Eputu; Prime Water View Garden, Ikate Elegushi; and Royal View Estate, Ikota, among others.”

The Permanent Secretary has given the owners of these estates 21 days to submit the necessary documents to his office in the Ministry of Planning and Urban Development, Secretariat, Alausa, Ikeja, to process their layout approvals.

He stated that this exercise was a routine function of the Ministry, in line with its mandate to regulate the development of public and private estates in Lagos State by processing and granting layout approvals to foster a functional, organised, orderly, and resilient smart city, as encapsulated in the T.H.E.M.E.S+ Agenda of the Lagos State

Government.

He also emphasised the importance of all developers and real estate practitioners registering with the Lagos State Real Estate Regulatory Authority (LASRERA), which is responsible for regulating, coordinating, and monitoring real estate practitioners in the sector.

Road Construction Equipment Donated to Nigeria by Japan Commissioned Bennett Oghifo Some road construction equipment donated to Nigeria by Japan have been commissioned in Abuja.

Valued at ₦3.6 billion, the donated equipment would transform the Federal Roads Maintenance Agency’s (FERMA)

capacity to maintain and rehabilitate Nigeria’s vast road network.

Minister of State for Works, Bello Muhammad Goronyo, described the commissioning of the construction equipment as a strategic milestone in the nation’s pursuit of sustainable infrastructure renewal.

Goronyo emphasised that the donation ushers in a new era of road maintenance, enabling engineers and technicians to deliver faster and more sustainable outcomes.

“This generous contribution from Japan brings us closer to our vision of a smoother, safer, and more reliable travel

across the country. Roads are the lifeblood of our economy and daily life, and this equipment is a game changer in our ability to utilise and preserve them,” he added.

The commissioning ceremony on 1st August 2025, brought together key stakeholders and distinguished figures from

both the public and private sectors. Those in attendance included the Chairman, Senate Committee on FERMA, Senator Sahabi Yau; the Chairman, House Committee on FERMA, Engr. Remi Oseni; the Japanese Ambassador to Nigeria, His Excellency, Suzuki Hideo; the Managing Director of FERMA,

Engr. Emeka Agbasi; members of the Board of FERMA, former Managing Directors, the President of the Nigerian Society of Engineers (NSE), Engr. Margret Oguntala, FNSE, and the Programme Coordinator of the Presidential Compressed Natural Gas Initiative (PCNGi), Engr. Michael Oluwagbemi.

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FEatures

T H I S D AY • THURSDay, AUGUST 7, 2025

Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430

FOCAC @25: With 1.1 Million Jobs in Three Years, China Redefines Africa’s Economic, Infrastructure Landscape

As the Forum on China-Africa Cooperation (FOCAC) marks its 25th anniversary, one of its most powerful legacies is becoming increasingly clear: job creation. In just the last three years, Chinese enterprises have created over 1.1 million new jobs across Africa, a bold step in the continent’s ongoing fight against poverty. Chiemelie Ezeobi writes that this milestone underscores a growing economic partnership that is not only reshaping and redefining trade and infrastructure but also transforming lives through employment, skills development, and long-term investment in local capacity

Reception for Nigerian graduates trained in Chinese universities by CCECC at the company's office in Abuja, recently

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s the Forum on China-Africa Cooperation (FOCAC) marks its 25th anniversary, few statistics better reflect its impact than this: over the past three years alone, Chinese enterprises have created more than 1.1 million new jobs across Africa. It is a figure that speaks not only to economic cooperation but to a model of poverty alleviation that is quietly reshaping the lives of millions on the continent.

The milestone was unveiled by Chinese Foreign Minister Wang Yi during the 2025 Two Sessions parliamentary meetings in Beijing, where he described China-Africa ties as now enjoying their “best moment in history.” The relationship, he said, had matured into an “all-weather” strategic partnership with concrete outcomes in trade, infrastructure and livelihoods.

“The China-Africa cooperation has earned widespread acclaim for its tangible and substantive outcomes,” Wang told a world press briefing. “In the past three years alone, Chinese enterprises created more than 1.1 million new jobs in Africa.”

For a continent where unemployment, especially among the youth, remains a defining challenge, the importance of these figures cannot be overstated.

From road and rail construction to agriculture, ICT, and manufacturing, Chinese investments are fuelling labour-intensive industries that give everyday Africans a pathway out of poverty.

A History of Tangible Cooperation Since its launch in 2000, FOCAC has served as the main platform guiding China-Africa cooperation. Over two and a half decades, it has delivered a stream of developmental projects, from highways to power plants, ports, and hospitals. But as the partnership matures, job creation has emerged as a defining focus.

According to Chinese Customs data, bilateral trade between China and Africa reached 2.1 trillion RMB (approximately $280 billion) in 2024, a 6.1 per cent year-on-year increase and a 24-fold jump since FOCAC began. For the 16th consecutive year, China remains Africa’s largest trading partner.

Behind the trade figures, however, is the human story of livelihoods secured, skills acquired, and opportunities born from Chinese investments on African soil.

In Nigeria, China Civil Engineering Construction Corporation (CCECC), a major contractor in railway infrastructure, employed at least 4,000 Nigerians during the construction of the AbujaKaduna rail line. The ratio of Nigerian to Chinese workers stood at 10:1, a striking departure from the criticism that Chinese firms often import their own labour.

“Even the United States Institute of Peace (USIP) affirmed that the CCECC example contradicted the assumption that China imports workers into Africa to execute projects,” a Nigerian researcher and author of The Chinese in the Nigerian Economy noted.

In 2019, the Chinese ambassador to Nigeria disclosed that over 200,000 Nigerians were

employed by Chinese companies. At the time, there were roughly 10,000 Chinese-owned firms operating in Africa, with Nigeria hosting about 10 per cent of them. Post-pandemic, not only have these firms remained, but more have entered the market.

McKinsey & Company, a respected US-based research firm, also reported that Chinese companies in Africa hire 89 per cent local workers, a higher localisation rate than many Western multinationals.

Supporting this information, Mr. Ikenna Emewu, African Research Director at Zhejiang Normal University's China-Africa Media Research Centre and author of “The Chinese in the Nigerian Economy”, said these jobs derive from about 10,000 Chinese-owned companies operating in various African countries, of which 10 per cent are located in Nigeria.

Even after the 2020 pandemic, he said there was no records or physical evidence of Chinese companies in Nigeria packing up and leaving, rather more have even been added to the existing ones, creating more jobs for the poor masses, thus making China in the past 16 years, the largest foreign provider of employment for Africans within Africa.

Investing in People, Not Just Projects Perhaps the most transformative aspect of China’s engagement is its focus on skills transfer and human capital development. In June 2023, CCECC celebrated the graduation of 65 Nigerian students from universities in China, all sponsored under the company’s scholarship scheme. The graduates included 49 with bachelor’s degrees and 16 with master’s degrees in transportation, railway engineering, ICT, and project management.

By 2024, the total number trained under this initiative had reached 185, with many retained

by CCECC and other firms to support major infrastructure projects. These scholarships empower young people with skills that make them contributors to the economy.

These efforts are part of a wider Chinese strategy to deepen knowledge exchange.

In conferences across Beijing, Guangzhou, Addis Ababa, and Lagos, Chinese experts have urged African countries to learn from the economic transformation that pulled over 830 million Chinese people out of poverty between 1980 and 2015.

According to the United Nations, China was the only country to fully meet the poverty reduction targets of the Millennium Development Goals (MDGs), accounting for 92 per cent of the global total in that period.

Corroborating, Emewu said when the MDG project ended in 2015, China was the only country in the world that met the global mandate against poverty. The magic wand was the ability to create jobs for the masses. That is what it is applying in African countries, the part of the world most plagued by poverty.

To bring investments that generated over 1.1 million jobs in just three years is historic, and the continent should not toy with such friendship that chases hunger out of town.

“Anybody who aligns with Africa to fight poverty must be celebrated as a true partner.

That is what China has done and continues to do. Chinese goods sell most in Africa compared to those from other countries.”

Manufacturing the Future At the heart of China’s advice to Africa is one core lesson: no nation gains economic independence without becoming a manufacturer. China’s own success was built on industrialisation, and it has consistently supported Africa’s push in that direction.

Under the FOCAC 2024–2026 Action Plan, Beijing pledged to support Africa’s industrialisation and agricultural modernisation.

It also committed to implement zero-tariff treatment for 100 percent of tariff lines from Least Developed Countries (LDCs) in Africa and promote 1,000 “small and beautiful” livelihood projects across the continent.

Wang reiterated this vision at the Two Sessions this year: “There will be no global modernisation without African modernisation.

China is ready to jointly advance this journey.”

And the numbers bear out that young

In the past three years alone, Chinese enterprises created more than 1.1 million new jobs in Africa.

For a continent where unemployment, especially among the youth, remains a defining challenge, the importance of these figures cannot be overstated.

From road and rail construction to agriculture, ICT, and manufacturing, Chinese investments are fuelling labour-intensive industries that give everyday Africans a pathway out of poverty

Africans are listening. Since 2017, China has become a preferred destination for African students, with intake growing at 280 per cent compared to just 28 per cent in the US. While France still hosts the largest population of African university students, its numbers have stagnated.

China, on the other hand, is surging.

These students return not only with degrees but with exposure to China’s ethos of resilience and industrial ambition. In time, they will become Africa’s next generation of engineers, policymakers, translators, and entrepreneurs.

According to Emewu, Whenever young African people train in Chinese universities, and a good percentage of them on scholarships, they return to the continent to contribute to its growth, imbibe the Chinese culture of resilience, and they would be the catalyst to lift their families.

“With a steady sustenance of this culture of integration and empowerment, more and more people get lifted out of poverty, and that will be Africa's path out of backwardness and into the highway of growth. I have listened to many Chinese experts and top government officials in China and Africa at conferences urging the continent to learn from the Chinese examples of poverty eradication and grow out of economic backwardness.

“They also always challenge Africans that until a society or country becomes a manufacturer, it will never gain economic freedom. And most of all, China has never seen Africa as a competitor that should not be taught its secrets of emancipation. With an open mind and policy, China has steadily extended a hand of true friendship to Africa to walk in its path and move on from its stuck position. If Africa heeds the call and walks as China urges, its days in economic quagmire will be over soon, as the common people are lifted from poverty because their hands are busy.”

A Friendship Rooted in Mutual Growth At the China-Africa Trade Expo in Abuja last year, the spirit of cooperation was palpable.

Chinese firms showcased solar panels, agritech innovations, railway systems and fintech platforms, while African SMEs pitched their cocoa, leather, coffee, and craft exports. A convergence of opportunity underpinned by years of diplomatic and economic groundwork.

It is this shared trajectory that defines the China-Africa relationship at 25. Wang Yi concluded his remarks in Beijing with a rallying call: “To African brothers and sisters, China-Africa cooperation is visible, tangible, and truly beneficial.”

Africa’s biggest battle is against poverty, and any partner who helps fight that war with real results must be recognised. China, with 1.1 million jobs in just three years, stands as a reliable ally in that fight. If the next 25 years of FOCAC are anything like the last, the continent may yet find its path from poverty to prosperity paved with jobs, powered by skills, and lit by a partnership that believes in Africa’s future.

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features

Martin Nwabueze: Reinventing Charity by Empowering Vulnerable Communities, Strengthening SMEs and Enhancing Livelihoods Mr. Martin Nwabueze, the co-founder of Tilova for Africa (TFA), a non-profit, non-governmental and advocacy organisation, is reinventing charity by empowering vulnerable communities, strengthening small businesses and enhancing livelihoods. But beyond his work in healthcare and humanitarian circles, the Anambra State born and USbased pharmacist is leading a powerful conversation about Nigeria’s future, one not centred on political manifestos or oil wealth, but on disruptive innovation, social reorientation and shared national identity. As one who believes that the key to Nigeria’s rebirth lies in fostering ingenuity, breaking free from divisive structures, and empowering individuals to build wealth independent of the state, through Tilova, he is also addressing mental health, poverty, and social stigma, giving voice and dignity to those most often ignored. Uzoma Mba brings excerpts Nigeria is a rich country but the citizens are very poor. How can we change the narrative? ell, I won't say Nigeria is rich but we have enough resources capable of lifting more citizens out of poverty if managed properly.

But beyond bad management, which is a human factor, Nigeria also has natural intricacies that inherently present obstacles to progress and prosperity. The natural factors I believe contribute to the man-made factors but both are intertwined. I'll explain further: Nigeria is the only country in the world where there are so many things dividing us and nothing uniting us. A country can only thrive as a unified entity when citizens have shared characteristic and attributes that can make the people whole.

It is this wholeness that breeds patriotism and nationalism which are the driving forces that move nations forward in the right direction. We are divided across tribal, religious, linguistic, cultural and even intellectual lines.

These divisions create mistrust that naturally awake the survival of the fittest instinct instead of love of country. So, we have people that love themselves, their families, their tribes, their religions, their regions, their languages and their leaders but nobody loves Nigeria because we do not see ourselves as one. And like I said, it is not our fault we feel this way, it is natural.

America has so many things things that unite them like language, religion and culture but colour divides them and they have battled for centuries and are still battling to cope with that single division.

So, you can imagine how difficult it is for Nigeria to succeed in the presence of so many divisive factors. And then in the presence of so much divisions, our economy is natural resources dependent which makes it even more complex since the people in the areas where these resources are located naturally feels entitled to their ownership and when such resources are shared to the whole country, especially by the people that live in areas where these resources are not located, it gives rise to feeling of marginalization, sense of deprivation and agitation for self determination, corruption, discrimination and insecurity, which are all recipes that amount to catastrophic failures in nation building.

It is the division across tribal and religious lines that causes the confusion and mistrust that caused bad judgements leading to the events of 1966 coup and counter coup that ended up in the civil war, which remains the darkest moment of our history and we are yet to see the light since that darkness descended on us. So, what we have now is a country still suffering from the aftermath of that dark history.

We are still being led by people who lived or participated in that war and whose actions are intentionally or unintentionally influenced by the emotions or events of that era. So from 1966 until now, leadership and wealth are still in the hands of the victors of that war. The young soldiers that were on the winning side have been taking turns to be Presidents, from Gowon, to Murtala, to Obasanjo, to Buhari, to Babangida to Abacha to Yar'Adua. Aso rock, wealth and influence have revolved around the conquerors and their cronies and friends. Even late Emeka Odumegwu-Ojukwu who was on the losing side remained the most influential person in Igboland until death and even after death, his influence is still overwhelmingly present. So, we are still struggling to see light at the end of the tunnel that started at the civil war and when we shall finally get to the end of that tunnel, light will shine and Nigeria will be well. And fortunately we are so close to the end of that tunnel and if you look and think deep, you will feel it, I'll explain more.

Since nature has put us in this complex geography and society we call Nigeria and idiosyncracies borne out of this has lead to subsequent manmade disasters, it makes common sense to say that it will take providential interference and disruptive innovations and personalities to pivot us away from this status quo and lead us to a fresh and progressive destination. America had ugly history and divisions that set them

W

Nwabueze up for failure initially. Slavery, civil war, assemblage of people of different colours, religions, countries of birth and culture as well as the great depression once created an American atmosphere similar to what we currently have in Nigeria. Japan, south Korea, Germany, England and the most successful countries went through very catastrophic moments presented by devastating wars and natural phenomena but they came out of it the same way and that same thing that has worked for America and other successful countries will also work for Nigeria and give us the come back story we clamour.

Take America for instance, following slavery, civil way and great depression, America has waged a very strong come back based on massive building of wealth and cultural reorientation through individual ingenuity powering great scientific and technological disruptive innovations as well as activism.

From the discovery of automobiles, to airplanes, telephone, television, computers, alternative energy, social media, crypto currency and now to Artificial Intelligence, it has been one disruptive innovation after another creating different industries, different mentality, massive wealth, employments and, most importantly, increasing knowledge, making people more civilized and independent of government thereby creating the proverbial American dream.

It is not politics or any one President that made America great and no one President can make Nigeria great. So, whenever I hear any politician say vote for me and will make Nigeria become China in four years, as if one man transformed China in four years, I conclude such politician is either uninformed or mischievous. It took some auto companies to make South Korea what is it and you can compare South Korea's prosperity with devastates North Korea where one man after another has remained in power trying to change the country their own schizophrenic way.

It will take ingenuity and innovation to make it obvious to Nigeria that oil is becoming an obsolete wealth source because in a world economy where Facebook is worth more than all the companies in Africa put together, you will realize that if Mark Zuckerbeg, founder of Facebook is Nigerian, he will be more powerful than all the politicians in Nigeria put together because his disruptive invention would be creating more jobs for the people than the Nigerian government. Amazon as a company is richer than Nigeria when you compare their earnings to our GDP. So if we have a Jeff Bezoz, Amazon founder, in

Nigeria, he will command more respect than government officials. NVIDIA, the American AI leading company, is valued at over four trillion dollars, making the company richer than most countries in the world and when Jensen Huang, the CEO, talks, President Trump listens because his company has, within a space of few years, become the backbone of the American economy, leading to massive wealth, jobs and a skyrocketing stock market. We all know the TESLA and Elon Musk story and how it has disrupted car making and wealth making. Note that all these companies and individuals are not in any way beneficiaries of government empowerment and none was borne as a result of connections with those in political offices.

This is what needs to start happening in Nigeria and the only thing that can change the country. Running a country through harnessing of natural resources controlled by government and distributed by who ever is in power never moves any country forward rather it precipitates opportunities for corruption, distrust, and insecurity. We have to pay attention to innovations, technology and individual ingenuity that create wealth and produce entrepreneurs that are independent of who ever is in Aso Rock and who will command more respect and create more opportunities for the people than the selfish and confused politicians in power.

When financial power is snatched from the presidency and handed to non politicians through innovation, the desperate hunger to become a politician to steal money and be adored by the masses will disappear. Then politicians might start doing the right things to win the trust and respect of the people because currently what they believe is that as long as they are the richest people in their communities they will attract fear, love and respect from their people making it easier for them to manipulate and control the people.

I talk about light at the end of the tunnel because we are begining to see Nigerians disrupting wealth building through self and innovative efforts independent of Aso rock. We have some big players and we have others less influential but equally important in young kids that are setting up technology and innovation incubators all over the company trying to be or to find the inventor of the next big thing.

We have Crypto currency defining how wealth can be made and kept without government control and interference.

We have app builders all over the country looking and will sure find apps that will create so much wealth that will make politicians

look stupid when they steal and try to oppress and impress with their loot. When more people depend on the private sector than the government to make a quality living the people will begin to loathe the corrupt politicians rather than admire them. And we are approaching that stage and we are only getting started.

On social perspective, social.media through content creation, music and movie industry are now reliable and diverse means of income and they are changing how the world see us. We have gone from a country whose citizens are known for crimes to that known for Afrobeat and Nollywood thanks to Burma Boy, Davido, Rhema, Whizkid and many other musicians and Nollywood. This social redefinition is encouraging international investors to take a second look at Nigeria as investment destination and they are begining to trickle in.

Nigerians born overseas are suddenly proud of Nigeria and confidently call it home and look forward to visiting or relocating.

Every kid wants to be identified as Burna Boy or Davido' brother rather than son of a politician. It is huge because cultural orientation is as important as economic development. So Nigeria is changing as money from oil controlled by a few loses control as the major souce of income for the vast majority of the people as in other rich countries and as corrupt politicians lose their attractions as role models as the people are motivated by ingenuity and innovation. In summary the wind of change is blowing.

A natural evolution that will end the dominance of the old brigade that play politics based on the emotions and bias of our ugly past rather than love of country is nearing completion cos age and death are making that generation of leaders and their cronies disappear. Gradually ingenuity and technological innovations will replace oil as the major souce of wealth in Nigeria and the wealth will reside in private individuals that will use it to impact positively on the masses. All these will inevitable create a new generation of leaders that will see politics as a call to service rather than a tool to steal money.

We shall live in a different and much better where we shall be united by wealth built by ingenuity hard work and technological innovations rather than divided by pennies obtained from oil and distributed by corrupt greedy politicians. This does not in any way diminish the importance of good governance because ultimately the government has a big role to play by maling policies and laws that create enabling environment and equal opportunity that will allow private ingenuity and entrepreneurship to blossom. Security and infrastructural development which the government should provide will go a long way to get us to the destination faster and smoother. We shall have a better Nigeria in next 20 years or so. We hope to see it happen.

Why did you study pharmacy in Nigeria and went to practice in US after graduation?

Actually, my original intention was to study medicine because I was an excellent science student and actually made the best WAEC result in FGC Sokoto Class of 1990. But by the time I wrote JAMB, I was distracted by my ambition to travel to Germany to study medicine, which made me enroll in Goethe Institute, Lagos to learn German language. This was the same time I was preparing for my JAMB exam. So, I ended up with a score of 251 which was not enough to get me into medical school but it was good enough to get me into pharmacy as the Germany ambition did not pan out eventually.

My intention to study medicine and subsequent decision to study pharmacy were borne out of my natural dispensation towards serving and helping others. I had always wanted to go into a profession that would give me the opportunity to put smiles on people's faces and make their lives more pleasant because I am naturally a happy person and enjoy making others around me even happier. I felt there was no better way to make people happy than helping them to better health.

NOTE: Story continues in the online edition on www.thisdaylive.com

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T H I S D AY • THURSday, AUGUST 7, 2025

Health & lifestyle

Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, Tel: 07010510430

How the ‘Pad Up A Girl’ Initiative is Improving Menstrual Health Among Young Girls Menstruation is a natural part of life, but for many young girls, it can be a source of discomfort, shame, and uncertainty. Cerba Lancet Nigeria’s ‘Pad Up AGirl’ initiative is working to change that by providing education, resources, and support to empower girls to take control of their menstrual health and well-being. Writes MARY NNAH

L-R: The Commandant Nigerian Navy Secondary School, Captain Yakubu Mbaya Haruna; Medical Director and Senior Pathologist, Cerba Lancet Nigeria, Dr. Fred John Obiajulu; Team Lead Corporate, Cerba Lancet Nigeria and Alumni of the school, Mrs. Efosa Imamu; Deputy Commandant Nigerian Navy Secondary School Ojo, Commander Rosemary Bamidele Ugwulebo and Head Business Development and Marketing, Cerba Lancet Nigeria, Mr. Temitope Ambrose during the annual CSR initiative, ‘Pad Up A Girl’, which provides menstrual hygiene education to young adults, organised by Cerba Lancet Nigeria, held at Nigerian Navy Secondary School in Satellite Town, Ojo, Lagos, recently

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erba Lancet Nigeria’s ‘Pad Up A Girl’ initiative is giving young girls the tools they need to thrive. For eight years, this programme has been dedicated to educating and supporting girls, helping them build confidence and take control of their health and well-being.

This year again, Cerba Lancet Nigeria has taken a significant step towards promoting menstrual hygiene and health among young girls by successfully hosting its annual Corporate Social Responsibility initiative, ‘Pad Up A Girl’.

The programme, which has been ongoing for eight years, aims to equip young girls with essential knowledge and resources to manage their health and well-being, promoting dignity and confidence among young adults.

The event, held recently at Nigerian Navy Secondary School in Satellite Town, Ojo, Lagos, drew over 700 students and featured interactive sessions, debates, and quizzes, providing students with a platform to engage with experts and share their concerns.

Dr. Fred John Obiajulu, Medical Director and Senior Pathologist at Cerba Lancet Nigeria, shared insights on the initiative, revealing that the event was inspired by Cerba Lancet Nigeria’s Corporate Social Responsibility (CSR) and development projects, with a focus on giving back to the community.

According to Dr. Obiajulu, the Sustainable Development Goals (SDGs), particularly SDG 3, emphasise the importance of the girl child.

“When you have a healthy girl child, you have a healthy society. Any society that suppresses

the girl child never progresses,” he stressed.

Obiajulu emphasised the importance of the initiative, stating, “When you have a healthy girl child, you have a healthy society. Any society that suppresses the girl child never progresses.”

The programme aims to educate young girls on reproductive health, menstrual hygiene, and sexual health.

Obiajulu emphasised that neglecting these aspects can have severe consequences. “This is an avenue for us to train them and make sure they understand how to take care of their reproductive health, especially during the initial process that announces their reproductive age.”

The programme is conducted annually as part of Cerba Lancet Nigeria’s CSR initiatives, targeting young girls in schools and less privileged communities.

Dr. Obiajulu stated, “Our main target audience is the girl child, and we make sure to reach out to them wherever they are.”

The event drew a large audience, with Dr. Obiajulu estimating around 700 students in attendance. He expressed excitement about the turnout, saying, “Today is an awesome day, and we can see the hall was filled up to the brim and full capacity.”

He highlighted the importance of creating awareness about menstrual hygiene and reproductive health. “Creating this awareness is to make sure that our girl child maintains good hygiene during menstruation... and teach them the best way to handle this process.”

L-R: Medical Director and Senior Pathologist, Cerba Lancet Nigeria, Dr. Fred John Obiajulu; Human resources manager, Mrs Olaide Esan; Wellness Manager, Dr. Amaka Nwigwe, and Head Business Development and Marketing, Cerba Lancet Nigeria, Mr. Temitope Ambrose, during the annual CSR initiative, ‘Pad Up A Girl’ Dr. Obiajulu also shed light on polycystic ovarian disease syndrome, a condition that affects menstrual cycles, and emphasised the importance of seeking medical attention for proper diagnosis and treatment.

“Polycystic ovarian disease syndrome is a constellation of syndromes - polycystic means the ovary has a lot of cysts,” he explained.

“A physician manages it, and the treatment is personalised based on the person and what is happening to their body.”

The Commandant of Nigerian Navy Secondary School, Captain Yakubu Mbaya Haruna, praised the initiative, highlighting its relevance and timeliness in educating young girls about menstrual hygiene and health.

“Today’s event is quite interesting because it’s educational. It comes at the right time to sensitise our students about the menstrual period and hygiene”, he said.

Captain Haruna also emphasised the importance of addressing questions and concerns raised by the students, particularly regarding menstrual health and hygiene.

The school’s matron, Mrs. Janet Oiywodu Musa, noted that the initiative would have a tremendous impact on the students, empowering them with knowledge and confidence to manage their menstrual health.

“The impact cannot be over-emphasized because it is what is really needed, especially at the age in which these girls are now,” she said.

Mrs. Musa highlighted the importance of educating young girls on menstrual hygiene,

including proper disposal of sanitary pads and managing menstrual cycles.

The Head of Business Development and Marketing, Mr. Temitope Ambrose, revealed that the initiative has been ongoing for eight years, with Cerba Lancet Nigeria reaching out to communities across the country to promote menstrual hygiene education and awareness.

“We try to reach out to them, both the rural ones and the urban ones,” he said. “Everybody benefits in this initiative.”

Other contributors to the event included experts in health and education, who provided valuable insights and guidance to the students.

The event was well-received by the students, who expressed gratitude for the knowledge and resources provided. “I’m so grateful for this program,” said one student. “I learned so much about menstrual hygiene and how to take care of my body.”

The ‘Pad Up A Girl’ initiative is part of Cerba Lancet Nigeria’s commitment to achieving Goal 3 of the Sustainable Development Goals, which focuses on health and well-being. By empowering young girls with knowledge and resources, Cerba Lancet Nigeria is contributing to the development of a healthier and more confident generation.

As the event came to a close, the students were presented with sanitary products and educational materials, equipping them with the tools necessary to manage their menstrual health.

The initiative is a testament to Cerba Lancet Nigeria’s dedication to promoting health and well-being among young girls, and its impact will be felt for years to come.

Optometrists Move to Align Professional Practice withTechnologicalTrends for Enhanced Eyecare Service Delivery Emmanuel Ugwu-Nwogo in Umuahia

Optometrists in Nigeria have embarked on a quest to improve their professional services in healthcare delivery by embracing and keeping abreast with technological advancements.

The President of the Nigerian Optometric Association(NOA), Dr. Anderson Chimeziri, made known the initiative in his address at the 48th Annual Conference of the association held in Umuahia with the theme, “Optometry in a Changing World: Adapting to Emerging Trends”.

He said that Optometrists could not afford to remain static as “we find ourselves amidst an era characterised by rapid technological progress, shifting global health dynamics, and evolving patient expectations.

“As primary eye care providers, we must not only keep pace, we must take the lead in embracing cutting-edge technological advancements, and aligning with emerging global

trends to enhance vision care delivery”.

Chimeziri stated that the theme of the conference “resonates profoundly with the core of our profession” as eye care professionals seek ways to render quality service by aligning their skills to the dictates of technological advancements.

The Chief Executive Officer/ Registrar, Optometrists and Dispensing Opticians Registration Board of Nigeria(ODORBN), Dr. Obinna Edwin Awiaka, lent his voice on the need for Optometrists to be up-to-date with the trends in their profession.

“As eye care professionals, it is imperative that we embrace change and remain proactive in shaping the future of Optometry in Nigeria just as exemplified in the recently concluded Eyeball Summit of the ODORBN held in Abuja,” he said.

Awiaka said that ODORBN, as the regulatory authority for Optometrists and Dispensing Opticians in Nigeria, would not be found wanting “in ensuring that our professionals

are not only qualified, but also adequately equipped to meet global standards practice”.

He assured the stakeholders that ODORBN “will continue to review the regulatory framework to ensure that it reflects current realities and prepares practitioners for the future”.

The ODORBN registrar outlined some key areas the body would focus on “in this rapidly changing landscape”, namely Digital Transformation in Eye Care, Continuing Professional Development (CPD), Workforce Development and Ethics, and Public Health Integration.

While commending the leadership of the NOA “for its steadfast commitment to the advancement of our noble profession”, Awiaka stressed that “Optometry must continue to play a central role in primary healthcare delivery”.

The Federal government, on its part, pledged to support members of NOA to realise their goal of applying technology to improve

service delivery, saying that it would continue to sustain its partnership with the Optometrists .

Minister of Health and Social Welfare, Muhammad Ali Pate, who was represented by the Medical Director, Federal Medical Centre (FMC) Umuahia, Professor Azubuike Onyebuchi, delivered FG’s goodwill message.

He noted that Optometrists play crucial role in the health sector given that “eye care is part of the federal government sector-wide approach for quality healthcare for Nigerians”.

He noted that the theme for NOA’s 48th Annual Conference aligns with the broader vision for quality healthcare services, adding that he believed the conference would enable the association to strategise on how to achieve its stated goal.

According to him, the adoption of sector-wide approach in the nation’s healthcare policy would engender renewal of hope for Nigerians, knowing that “at any point in time they will have

access to quality healthcare”.

Earlier in his welcome address, the Abia State chairman of NOA, Dr. Ogbonna Onyedikachi stated that the conference represented “a testament to our shared commitment to the pursuit of excellence, innovation, and quality in eye care delivery across Nigeria”.

He said that the conference presented an opportunity for the Optometrists “to renew our professional bonds, evaluate our progress, and chart new paths toward national eye health advancement”.

The Abia NOA chairman lauded Governor Alex Otti for his remarkable achievements in transforming the health sector, saying that the Abia chief executive has not “only seen the need, (but) has acted with precision, passion, and purpose”.

He said: “In less than three years, Abia has witnessed massive infrastructural renewal, revival of the health sector, and strategic investment in human capital.

“Particularly noteworthy for us as eye care professionals is

the creation of the Abia State Eye Health Management Bureau - a bold and unprecedented move by Governor Otti to institutionalise and prioritise eye health as a critical component of public health”.

Onyedikachi stated that “we are proud that Abia is leading the way in what many other states are yet to even envision”, adding, “we salute (Otti’s) boldness, his foresight, and his firm belief in the power of vision - literally and figuratively”.

Governor, Otti who was represented by the Secretary to the State Government(SSG), Prof. Kenneth Kalu, said the government was focused on how it could “make life better for our people in our various corners, in our clinics, in our schools, in our business places”.

According to him, in striving to improve the welfare of the people and make society better for all, Abia government works for everybody, hence “when I say all, it’s not just for the rich, not just for the strong, but for everyone”.

19

T H I S D AY • THURSDAY, AUGUST 7, 2025

MARKET NEWS A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager.

Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg.

Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 05 August-2025, unless otherwise stated.

Offer price: The price at which units of a trust or ETF are bought by investors.

Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.

NAV: Is value per share of the real estate assets held by a REIT on a specific date.

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS

MUTUAL FUNDS / UNIT TRUSTS

AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund 588.88 590.59 48.14% Afrinvest Plutus Fund 371.44 371.44 13.52% Nigeria International Debt Fund 100.00 100.00 17.58% Afrinvest Dollar Fund 112.35 112.35 2.04% 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 20.20% AIICO Balanced Fund 7.56 7.49 32.32% AIICO Eurobond Fund 100.00 100.00 7.43% Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 18.84% Anchoria Equity Fund 1.60 1.60 22.46% Anchoria Fixed Income Fund 415.05 420.21 60.67% 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 48.45info@anchoriaam.com 49.91 36.64% ARM Discovery Balanced Fund 988.64 1,018.45 24.38% ARM Ethical Fund 94.46 97.31 37.77% ARM Eurobond Fund 1.19 1.19 12.68% ARM Fixed Income Fund 1.31 1.31 24.51% ARM Money Market Fund 1.15 1.15 19.35% ARM Shariah Fixed Income Fund 1.09 1.09 12.09% ARM Short Term Bond Fund 1.03 1.03 4.86% ARM Short Term Eurobond Fund 1.00 1.00 21.01% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com; Tel 08069294653 Fund Name Bid Price Offer Price Yield / T-Rtn 112.25 112.25 13.99% AVA GAM Fixed Income Dollar Fund 1,205.59 1205.59 22.43% AVA GAM Fixed Income (Naira) Fund 1.00 1.00 19.17% AVA GAM Money Market Fund AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn 0.00 0.00 0.00% AXA Mansard Equity Income Fund 0.00 0.00 0.00% AXA Mansard Money Market Fund CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn 2.67 2.67 14.42% CEAT Fixed Income Fund 6.04 6.20 53.51% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn 1.03 1.03 15.83% CardinalStone Fixed Income Alpha Fund 1.11 1.11 10.79% CardinalStone Equity Fund 1.65 1.67 39.66% CardinalStone Dollar Fund 1.14 1.14 14.07% CardinalStone Money Market Fund 1.00 1.00 18.53% CardinalStone Balanced Fund CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapel Hill Denham Money Market Fund 100.00 100.00 17.15% Nigeria Bond Fund 106.46 106.46 16.57% Paramount Equity Fund 51.09 51.17 61.88% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 0.00% 113.17 113.17 12.84% Cordros Fixed Income Fund 119.47 119.47 10.37% Cordros Halal Fixed Income Fund Cordros Dollar Fund ($) 115.66 115.66 7.12% Cordros Milestone Fund 233.23 235.12 26.44% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 0.00 0.00 0.00 Coronation Balanced Fund 0.00 0.00 0.00 Coronation Fixed Income Fund 0.00 0.00 0.00 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 0.00 0.00 0.00 EDC Nigeria Balanced Fund 0.00 0.00 0.00 EDC Nigeria Halal Fund 0.00 0.00 0.00 EMERGING AFRICA ASSET MANAGEMENT LIMITED assetmanagement@emergingafricafroup.com Web:www.emergingafricagroup.com/emerging-africa-asset-management-limited/, Tel: 08039492594 Fund Name Bid Price Offer Price Yield / T-Rtn Emerging Africa Money Market Fund 1.00 1.00 21.13% Emerging Africa Bond Fund 1.14 1.14 11.06% Emerging Africa Balanced Diversity Fund 1.73 1.75 42.41% Emerging Africa Eurobond Fund 111.51 111.51 6.60% Emerging Africa Halal Fund 1.11 1.11 11.33% FBNQUEST ASSETS MANAGEMENT LIMITED invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Money Market Fund 100 100 20.11% FBN Bond Fund 1729.17 1729.17 10.92% FBN Dollar Fund 131.93 131.93 7.46% FBN Halal Fund 156.92 156.92 15.10% FBN Specialized Dollar Fund 124.54 124.54 7.93% FBN Blended Dollar Fund 104.14 104.14 3.91% FBN Balanced Fund 458.92 463.58 41.59% FBN Smart Beta Equity Fund 496.83 503.85 53.42% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund (LMMF) 0.00 0.00 0.00 Legacy Equity Fund (LEF) 0.00 0.00 0.00 Legacy USD Bond Fund (LUBF) 0.00 0.00 0.00 FCMB-TLG Private Debt Fund 0.00 0.00 0.00 FSL ASSET MANAGEMENT LIMITED Adeniran.Daniel@fsl.ng Web: https://www.fsl.ng/asset-management ; Tel: +2348062727759 Fund Name Bid Price Offer Price Yield / T-Rtn FSL Money Market Fund 0.00 0.00 0.00 FSL Euro Bond 0.00 0.00 0.00 FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral income fund 4,689.65 4,689.65 11.72% Coral money market fund 100.00 100.00 20.08% FSDH HALAL FUND 1,278.56 1,278.56 12.97% FSDH dollar fund 1.31 1.31 6.64% Coral Balanced Fund 11,626.66 11,723.25 87.72%

HILLCREST CAPITAL MANAGEMENT dabbey@hillcrestcapmgt.com Web: https://hillcrestcapmgt.com/; Tel: +2348075144540, 0214540094 Fund Name Bid Price Offer Price Yield / T-Rtn Hillcrest Balanced Fund 0.00 0.00 0.00 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 FIXED INCOME FUND 1,265.66 1,265.66 14.95% LOTUS HALAL INVESTMENT FUND 2.84 2.90 42.54% LOTUS HALAL EQUITY EXCHANGE TRADED FUND 52.77 58.33 121.35% LOTUS WAQF ENDOWMENT FUND 1,185.12 1,185.12 12.60% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com/funds/; Tel: +2348028496012 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 0.00 0.00 0.00 Meristem Value ETF 0.00 0.00 0.00 Meristem Growth ETF 0.00 0.00 0.00 Meristem Fixed Income Fund 0.00 0.00 0.00 Meristem Dollar Income Fund 0.00 0.00 0.00 Meristem Money Market Mutual Fund 0.00 0.00 0.00 MANGO ASSET MANAGEMENT jetadafe@mangoam.com Web:https://mangoam.com/; Tel: +234 7030839517 Fund Name Bid Price Offer Price Yield / T-Rtn Mango Naira Money Market Fund 1.00 1.00 20.85% NORRENBERGER INVESTMENT AND CAPITAL MANAGEMENT LIMITED enquiries@norrenberger.com Web: www.norrenberger.com, Tel: +234 (0) 908 781 2026 Fund Name Bid Price Offer Price Yield / T-Rtn Norrenberger Money Market Fund (NMMF) 100.00 100.00 20.30% Norrenberger Islamic Fund (NIF) 105.19 105.19 14.84% NORRENBERGER DOLLAR FUND (NDF)-----($) 104.13 104.13 9.51% NORRENBERGER TURBO FUND (NTF)-----(N) 102.25 102.25 13.56% 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 0.00 0.00 0.00 PACAM Fixed Income Fund 0.00 0.00 0.00 PACAM Money Market Fund 0.00 0.00 0.00 PACAM Equity Fund 0.00 0.00 0.00 PACAM EuroBond Fund 0.00 0.00 0.00 SCM CAPITAL ASSET MANAGEMENT LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn The Frontier Fund 0.00 0.00 0.00 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 0.00 0.00 0.00 SFS REIT 0.00 0.00 0.00 UH REIT/SFS 0.00 0.00 0.00 STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Money Market Fund Stanbic IBTC Bond Fund Stanbic IBTC Shariah Fixed Income Fund Stanbic IBTC Enhanced Short-Term Fixed Income Fund Stanbic IBTC Absolute Fund UPDC REIT Stanbic IBTC Balanced Fund Stanbic IBTC ETF 30 Fund Stanbic IBTC Ethical Fund Stanbic IBTC Guaranteed Investment Fund Stanbic IBTC Imaan Fund Stanbic IBTC Nigerian Equity Fund SIAML Pension ETF 40 Stanbic IBTC Aggressive Fund Stanbic IBTC Conservative Fund

STL ASSET MANAGEMENT LIMITED Web: WWW.STLASSETMGT.COM; Tel: 8136115170 Fund Name STL MONEY MARKET FUND STL BALANCED FUND STL DOLLAR FUND

UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name United Capital Money Market Fund United Capital Sukuk Fund United Capital Fixed Income Fund United Capital Nigerian Eurobond Fund United Capital Global Fixed Income Fund United Capital Stable Income Fund United Capital Equity Fund United Capital Balanced Fund United Capital Wealth for Women Fund VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Money Market Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Zenith Balanced Strategy Fund Zenith Income Fund Zenith Money Market Fund ZEDCREST INVESTMENT MANAGER LIMITED Web: www.zedcrestwealth.com; Tel: +2348075881240 Fund Name Zedcrest Money Market Fund Zedcrest Fixed Inocme Fund Zedcrest Dollar Fund

REITS Fund Name SFS REIT UPDC REIT

10.00 259.03 135.27 139.68 5,168.20 11.59 9,369.03 494.96 4.60 385.53 887.88 42,956.87 465.85

10.00 259.03 135.79 143.18 5,170.86 11.59 9,461.13 494.96 4.66 386.30 897.67 43,579.06 465.85

19.64% 0.14% 0.91% 1.43% 0.02% 1.79% 46.92% 20.72% -97.70% 9.00% 78.05% 69.56% -42.49%

12,894.20 9,013.66

13,064.02 61.02% 9,053.79 32.64% jemenike@stlassetmgt.com

Bid Price 100.00 1,371.18 104.16

Offer Price Yield / T-Rtn 100.00 20.29% 1,392.45 38.18% 104.16 4.16% unitedcapitalplcgroup.com

Bid Price 1.00 1.17 1.92 121.97 1.20 120.55 1.88 2.18 1.72

Offer Price Yield / T-Rtn 1.00 19.47% 1.17 10.60% 1.92 8.64% 121.97 9.11% 1.20 8.45% 120.55 20.25% 1.90 44.71% 2.19 30.23% 1.73 33.10% funds@vetiva.com

Bid Price Offer Price Yield / T-Rtn 16.04 16.14 94.21% 31.05 31.15 101.42% 52.47 52.67 45.38% 1.00 1.00 17.89% 55.14 53.34 15.63% 147.83 149.83 0.00% service@quantumzenithasset.com.ng Bid Price Offer Price Yield / T-Rtn 32.88 33.34 54.77% 29.18 29.18 4.59% 1.00 1.00 19.32% investmentoperations@zedcrest.com Bid Price 0.00

Offer Price 0.00

Yield / T-Rtn 0.00

0.00 0.00

0.00 0.00

0.00 0.00

NAV Per Share

Yield / T-Rtn

0.00

0.00%

9,053.79

32.64%

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.

T H I S D AY THURSDAY AUGUST 7, 2025 20 TR

UT H

& RE A S O

Thursday August 7, 2025 Vol 27. No 11078

N

opinion@thisdaylive.com

www.thisdaylive.com

NNPC, OJULARI, AND THE ‘OWNERS’ OF NIGERIA

Bashir Ojulari’s rumoured resignation is unfortunate, writes ABDULGANNY IBRAHEEM

See page 21

THE CITIZENGOVERNMENT ENGAGEMENT IN AREWA HOUSE

The two-day dialogue enhanced the relationship between the government and the governed, reckons ZAINAB NASIR AHMAD

See page 21

EDITORIAL

THE UNUTILISED N250BN UBEC FUNDS

See page 22

1

In a multi-ethnic country like Nigeria, adequate care must be taken to ensure equity and respectability, writes MONDAY PHILIPS EKPE

THE NATIONAL TRADITIONAL COUNCIL GAMBLE The Traditional Rulers Council Bill being deliberated in the Senate has generated enough heat to further unsettle the nation’s fragile and combustible socio-political atmosphere. The instrument proposed by Senator Simon Lalong, APC Plateau South and a former Governor of Plateau State, was first introduced in October last year and has passed its second reading. The strong pushback it has elicited from various parts of the country signals the vehemence of the oppositions that await it if it ever scales the remaining hurdles to become law. Whatever positives its promoter and supporters have conceptualised are being drowned out. And the proposed National Council of Traditional Rulers may just not happen in this generation.

This pessimism is hinged on the very nature of the subject itself. But first, the motivation. Like some other federal legislative chambers before them, the Senate and House of Representatives have been contemplating constitutional amendments; one being the repositioning of traditional rulers to strengthen governance architecture. This thinking, innocuous and potentially beneficial, has also gained currency in the House. All things being equal, Nigerians should try out ideas that can bring solutions to the numerous challenges bedevilling their country without much stress.

Not now, however. Nerves have been so bruised along well-known fault-lines that sleeping on suggested or real infractions is no longer an option. Even though Senator Lalong has denied it, it’s already all over town that his bill contains a provision that makes the Ooni of Ife and Sultan of Sokoto permanent co-chairmen of the planned council. Whether that information is factual, blamed on the proverbial printer’s devil or an outright fabrication, it doesn’t matter now. It has touched something deep in the recesses of the souls of citizens, many of whom have little left of their sense of nationalism. Virtually every component of the federation complains about one form of marginalisation or the other.

Now, the most important thing that traces the people directly to their ancestry - ethnicity - is about to be structurally threatened.

For long, Nigeria has had to grapple with divisive elements like region, religion and ethnic nationalities. Politicians, especially, have continued to exploit them to selfish ends.

They have so mastered their craft that the masses who, in truth, are united by hardship which respects no geographical, religious and ancestral lines, are always willing to sacrifice their common realities in favour of primordial allegiances. So, this attempt to permanently exalt the seats in Sokoto and Ife, paramount symbols of the Fulani and Yoruba respectively, in a climate already fouled by bigotry and domination of all sorts can’t escape thorough thrashing. That has come in torrents, as expected.

By far the most outstanding objection to that bill is from a Kaduna-based group, Concerned Hausa Stakeholders. For it, “this bill is ethnically biased, historically misleading, and constitutionally indefensible. Nigeria is not a two-ethnic federation of Fulani and Yoruba.

It is a multi-ethnic republic where equal representation, historical truth, and federal character must be respected…. To recognise only the Sultan of Sokoto and the Ooni of Ife is a deliberate marginalisation of other Nigerian civilisations….

“This bill promotes ethnic hierarchy, not unity. By elevating only two monarchs from two ethnic groups, Fulani and Yoruba, it risks entrenching resentment, division, and institutionalised injustice.

No single monarch, no matter how respected, can represent entire regions or religions…. This is not just about titles. It is about historical truth, ethnic dignity, and equal citizenship in the Nigerian project…. Any national traditional leadership must be based on historical legitimacy, federal character, and inclusive dialogue, not political favouritism.

We will not accept any structure that seeks to override or erase the historical presence, sovereignty, and dignity of the Hausa nation, nor will we condone the exclusion of other ethnic nationalities.”

The symbolism of the intervention by this Hausa pressure body goes beyond the agitations of the moment. One coinage that has featured for long in the country’s political history is Hausa-Fulani. Whatever that means.

Either out of ignorance or mischief, it has been used to describe a chunk of the population in northern Nigeria as if it’s a single ethnic block.

Some Hausas who have tried to educate people about the truth of their heritage have been largely ignored. It’s now becoming clear that this deliberate characterisation might not continue much longer. Religion which is the defining factor in the intricate relationship between the two distinct ethnicities appears not to be strong enough to blur their linguistic and cultural differences; hence the need to recognise ethnic classification as being far stronger than any belief system.

Responses from other ethnic groupings to the bill also point to its peculiar sensitivity.

Ijaw National Congress (INC): “No traditional ruler from another tribe or religion is superior to another. The National Assembly should step down the provocative and dehumanising, offensive bill that will cause a serious rift and breach of peace in Nigeria…. It is a highly insensitive and dangerous bill”. Surely, danger lies ahead if the sensibilities of any tradition

or culture are trampled upon, deliberately or otherwise.

Binis, through Ogbakha-Edo, have this to say about the sacred stool of their Oba: “This ill-conceived and historically unjustifiable proposal is not only logically flawed but also provocative, divisive, and culturally offensive. It represents a blatant attempt to institutionalise supremacy where none exists, and to exploit past protocols of convenience - wherein certain decisions are made and certain actions taken for the sake of political expediency. The Benin people, anchored in centuries of cultural pride and historical sovereignty, vehemently reject any move that seeks to subordinate the imperial and highly revered throne of the Oba of Benin to any other traditional or religious authority under the guise of national unity or representational balance. While the Oba of Benin is currently categorised among the highest-ranking traditional rulers in Nigeria, it is absolutely unacceptable - indeed, an affront to justice and history -to diminish his stature through such unwarranted and biased constitutional manipulation.”

And, as Ohaneze, apex pan-Igbo sociocultural organisation puts it, “the Senate in this vein has failed in its capacity as the highest legislative carrier and custodian of the nation’s democratic mandate. This bill is not only inequitable, discriminatory and ethnocentric, it is equally distasteful, reprehensible, and objectionable. It lacks all the ethical considerations, objective metrics and unbiased categories for national unity and social justice in a pluralist nation-state like Nigeria.”

Comments by representatives of many other nationalities like Tiv, the largest minority in the north, and Igala, the seventh biggest ethnic group in Nigeria, may not have been reproduced here but those quoted truly represent the thoughts and sentiments of majority of the Nigerian people. These can only be dismissed at huge costs. Have Lalong and his co-travellers in the National Assembly even thought about whether their pet proposal belongs to the exclusive or concurrent list in the constitution?

While the legality of the bill is still being debated, knowing what Nigeria has become, nothing is impossible here. This may be yet another kite flown before the nation finally descends into a full-blown civilian dictatorship on the wheels of ethnicity. The ever-increasing dominance of Fulani and Yoruba in the political fortunes of a democratic Nigeria is not in doubt. The north west and south west possess the country’s highest concentration of voters, a profile that makes them arguably the most favoured in terms of political appointments, at least under this administration.

Imposing their leading traditional or religious leaders on the rest from the other parts of the country would be a treacherous overkill. A simple formula like equitable rotation of chairmanship is preferable to this inciting reported proposition.

Dr Ekpe is a member of THISDAY Editorial Board

T H I S D AY

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THURSDAY AUGUST 7, 2025

Bashir Ojulari’s rumoured resignation is unfortunate, writes ABDULGANNY IBRAHEEM

NNPC, OJULARI, AND THE ‘OWNERS’ OF NIGERIA

Since his appointment on 2nd April this year, perceptive watchers of Nigeria’s oil sector knew very well that the new Group CEO of the Nigerian National Petroleum Company Ltd. Bashir Bayo Ojulari, is in for a strenuous tenure. And this envisaged strain is on all conceivable fronts, socio-political, economic, and geopolitical. ​In all these, the mighty and powerful, the pretentious ‘owners’ of this country, are up in arms, as usual, against a consummate technocrat they perceive as an ‘outsider’. ​Bashir Ojulari’s rumoured forceful resignation last weekend, following a phantom abduction by security operatives, is the latest antics of embittered members of an entrenched cabal who felt shortchanged in government’s ongoing attempt to reposition the NNPC for viability, profitability, and better service for the benefit of Nigerians. ​Mr Ojulari brought into the job a vast experience in and a distinguished career in national and international oil and gas industry. After earning a First Class degree in Mechanical Engineering from Ahmadu Bello University, Zaria, the new NNPC GCEO has a distinguished career in the oil industry, having served as Executive Vice President and Chief Operating Officer at Renaissance Africa Energy Company, and led a consortium in the $2.4 billion acquisition of Shell Petroleum Development Company’s equity in Nigeria. He had earlier held key positions at Shell and Elf Aquitaine, making significant contributions to the oil and gas industry. He has also served as Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) from 2015 to 2021.

But to these self-acclaimed owners of ​ Nigeria, Ojulari’s intimidating credentials and indubitable industry expertise, and obviously genuine commitment to reposition the country’s wonky energy sector count for nothing in as much as it would sound the stoppage knell for their unconscionable milking of the nation’s oil wealth. ​On the economic front, the oil racketeers and profiteers are hemorrhaging over the new NNPC boss’ intention to sanitise the oil sector and curb all sorts of shady deals in the sector that make members of the proverbial butcher’s family to invidiously settle for bony and remnant meats at the end of the day. ​On the socio-political front, certain powerful groups and individuals felt slighted that an outsider, someone who does not belong to the inner circle of the exclusive cult who believe it is their birth right to perpetually head what they consider to be juicy sectors in the country, could be appointed NNPC MD, “just like that”. That was probably the reason why, even though Ojulari is from the North Central Zone, certain elements in Northern Nigeria were still crying that the North, “their” own ‘North’, was marginalised by the appointment of the new NNPC boss.

And since the past 125 days of his mounting the saddle, these elements have not seen any need to fully cooperate with Ojulari to make his tenure an easy venture. Rather, they have continued to tighten the noose on him to frustrate his good intentions for the oil behemoth in particular and the nation’s socio-economic development in general. ​In an attempt to placate the Northern cabal, Ojulari tried so hard to convince them about his ‘northernity’, a move that ruffled

not a few feathers among those who know him up to his birthplace. ​But fundamentally, the cabals are obviously angered by some bold decisions taken by the GCEO immediately on assumption of office.

One of these was the sweeping reorganization, which affected about 200 non-performing top management officers, a decision viewed by energy sector watchers as a step in the right direction and in the best interest of the nation’s economic development. Many people are of the opinion that this decision really got on the nerves of the cabals and they were said to have vowed that the new GCEO must be cut short on his tracks in order not to wreak more havoc on their interests. ​Bashir Ojulari’s dogged pursuit of the NNPC repositioning agenda to set the national oil company on the path of profitability and transparency also riled even some fifth columnists at the top echelon of the company such that their major preoccupation now is to sabotage the system and shoot down the forward-looking moves.

For instance, within just four months of ​ coming on board, Ojulari has recorded several groundbreaking achievements, which include significant increase in NNPCL’s profitability, excellent and transparent remittances to the Federation Account, commendable collaborations with upstream partners in a strategic move to boost oil and gas production in Nigeria as well as transparent monthly financial and operational reports, which have been in abeyance since the past eight years. ​Another probable offence the new NNPCL boss might have committed, in the reckoning of the cabals, could have been his facilitation of the settlement of the long drawn battle between NNPC and Dangote Refinery to allow naira denominated payment for crude oil purchase. ​Naturally, all these do not excite the powerful cabals and their in-house collaborators, who are bent on keeping the NNPCL in its wonky state to continue their strangle-hold on the nation’s economic life-wire.

However, President Bola Tinubu must be ​ commended for headhunting this critical technocrat to head the NNPCL at this point in time.

And it is very obvious that Ojulari has fallen short of expectations since his appointment.

In view of this, the President must not allow saboteurs to undermine the ongoing oil industry reorganization. In the national interest, the naysayers’ plans must not be allowed to fly. The wings of these revisionists must be clipped before they succeed in reversing the gains made so far.

Ibraheem, a Public Policy Analyst, writes from Mokwa

The two-day dialogue enhanced the relationship between the government and the governed, reckons ZAINAB NASIR AHMAD

THE CITIZEN-GOVERNMENT ENGAGEMENT IN AREWA HOUSE In a time when governance is often defined by topdown rhetoric and policy declarations, the Sir Ahmadu Bello Memorial Foundation rekindled a powerful tradition of bottom-up accountability with its recently concluded two-day citizen engagement held from July 29 to 30, 2025, at the iconic Arewa House in Kaduna.

I had the privilege of being part of this timely and historic dialogue, an experience that left me reflective, hopeful, and deeply challenged.

This wasn’t just another conference or ceremonial gathering of elites. It was a call to truth, a call for those in power to return to the people, listen intently, and be held to account. In attendance were ministers, special advisers, senior assistants, and heads of federal agencies appointed by President Bola Ahmed Tinubu, who had three years earlier sat with Northern leaders in this very city and made bold promises for the region’s future.

The Foundation’s initiative couldn’t have come at a more crucial time. Northern Nigeria continues to grapple with layers of challenges: security threats, stubborn levels of poverty and illiteracy, youth unemployment, and a deeply strained agricultural sector. Yet, beyond the challenges lies a determined citizenry hungry for inclusion, results, and reforms.

It is profoundly symbolic that this engagement took place under the legacy of Sir Ahmadu Bello, the Sardauna of Sokoto, a man whom I read in history, who embodied servant leadership and regional development. The foundation’s efforts to revive civic dialogue remind us that governance is not merely about election campaigns or policies crafted in isolation. It is about human lives. It is about ordinary people in Zamfara who sleep in fear, women in Kano who trek miles for clean water, and farmers in Sokoto whose lands remain fallow due to insecurity.

This session brought these voices closer to power, not through protest or online agitation, but through structured, face-to-face conversations grounded in facts, lived experiences, and mutual respect. It reminded both leaders and citizens that governance is a shared responsibility.

As discussions unfolded across key thematic areas, national security, agriculture, infrastructure, human capital development, governance, and the economy, what stood out was the honest tone of the dialogue and the caliber of thought leadership driving it.

The presentation by the National Security Adviser Mal Nuhu Ribadu on the state of security across the region, which has been a burning concern in the North, set a serious and urgent tone. He provided insight into ongoing operations, inter-agency coordination, and all the progress made so far. His address acknowledged the multidimensional nature of insecurity, from Boko Haram terrorism to farmer-herder conflicts, banditry, and outlined strategies aimed at restoring peace and rebuilding trust between citizens and security.

Meanwhile, other sessions focused on food security and agriculture, offering assessments of the struggles facing rural farmers and agro-allied industries.

Participants raised critical concerns about farming areas and livestock initiatives, the government representatives presented interventions and policies on ground and underway, though the question of timely and equitable implementation remained a concern.

The economy and governance sessions delved into pressing issues such as inflation, youth unemployment, digital economy strategies, and the fiscal challenges facing the federation. These segments drew particular attention from participants eager to see reform translate into impact.

Throughout the event, the moderation and intellectual guidance were provided by Mal. Munir Jafaru, the Madakin Zazzau, stood out. His ability to steer the discussions with depth, grace, and firm neutrality kept the focus on citizens and solutions, not politics. He brought wisdom and structure to the dialogue, creating a respectful environment where even difficult truths could be spoken and heard.

During one of the sessions, I personally raised a pressing question that has lingered in the minds of

many ordinary Nigerians: “Until when will the average Nigerian start feeling the impact of this administration’s initiatives?”

It was not just a question, it was the voice of millions who continue to struggle with food inflation, joblessness, insecurity, and the rising cost of living.

The response from officials was sobering, if not familiar.

They urged patience, emphasizing the magnitude of the economic wreckage inherited from the previous administration. They acknowledged that progress is slow but insisted that foundational reforms are underway, reforms that need time to yield tangible results.

Some hard truths were laid bare. Promises made in the 2022 campaign manifestos, particularly those touching on food security, youth empowerment, and infrastructural development in the North, are on the road to realization, according to government officials. For many, the removal of fuel subsidies and the naira float policy triggered a cost-of-living crisis without adequate cushioning for the poor. While initiatives have been launched, their impacts are yet to reach the grassroots where the pain is deep.

What this engagement session proved is that transparency, when practiced sincerely, does not weaken authority, it strengthens it. When citizens see leaders who are willing to listen, explain, and adjust, trust begins to grow. And without trust, no policy, no matter how well-designed, will succeed.

This was more than a check-the-box exercise.

It was a return to a foundational principle of democracy: that those who lead must be accountable to those they serve. It offered an opportunity to reframe the relationship between the government and the governed, not as two opposing camps, but as partners in nationbuilding.

As I sat through the sessions, listened to the aspirations of citizens, the questions, and the responses from officials, I was reminded of one thing, the North is not voiceless. But our voices must now be more organized, more data-driven, and more persistent. Civic engagement must not end in the conference room, it must continue in our communities, media platforms, town halls, and policy dialogues.

It is also time for the government to treat engagements like this not as a one-off courtesy, but as a governance tool to be replicated across states and regions. If democracy is truly government of the people, by the people, and for the people, then engagements like these must become the norm, not the exception.

Ms Ahmad writes from Kano

22 4

T H I S D AY

EDITORIAL

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

I

THURSDAY AUGUST 7, 2025

THE UNUTILISED N250BN UBEC FUNDS The states must show more commitment to primary education

n a bid to help the Nigerian child access good education, especially at the foundation level, the federal government established the Universal Basic Education Commission (UBEC) in 1999. Its mandate is to administer a fund to all the 36 states of the federation as part of measures to standardise primary education. The UBEC fund is an annual grant to help the states upgrade their primary education facilities. To access the fund, state governments are required to match the federal government’s grant.

Unfortunately, authorities in many of the states have chosen to imperil the future of children by refusing either to access the grants or utilise the funds even when they do. This is simply because they do not want to be accountable. But reviewing the guidelines for accessing the funds “to make them more flexible”, as revealed last week by the Minister of State for Education, Suwaiba Ahmad, is not right. Especially with UBEC accusing the state governments of not making use of the N250 billion they accessed from the commission. Some of the issues identified by UBEC include non-compliance with the fund guidelines, and due process in the award of contracts, diversion of funds, non-deduction and remittance of taxes, non-adherence to the approved action plan, etc.

It is unfortunate that despite the growing number of out-of-school children across the country, many of the governors still shun this special intervention fund due to the demand of counterpart funding, which is a needed demonstration of seriousness for entitlement. These governors fail to understand that by not using UBEC funds, they are downplaying a commitment to transparency and accountability to the people whose interests they have sworn to protect. They are also mortgaging the future of our children. While they ignore this facility, many children study un-

der deplorable conditions, including having lessons under trees and dilapidated classrooms while the quality of teachers remain suspect.

We fail to understand why many state governors have not realised the importance of the facility intended to secure a solid foundation for the future of their children. Indeed, records abound of reckless and frivolous expenditures by many states, despite the difficulties in meeting their basic responsibilities, even in the primary education sector. Meanwhile, primary education does not fall within the purview of the federal government and the two per cent of the Consolidated Revenue Fund (CRF) it set aside for equal distribution to all the 36 states and Federal Capital Territory (FCT), to support basic education was a response to a felt national need. While this intervention fund is not supposed to be the main or alternative fund for that critical education sub-sector, many state governments speak about it with a sense of entitlement.

Interestingly, the states complaining of inadequate funds to rebuild classrooms, train teachers and provide instructional materials are the ones putting forward all sorts of arguments against rules for access to the special intervention funds.

While only a few states are enforcing the UBE law which requires every child to be in school from primary to junior secondary school at public expense, the governors have been making spirited efforts to amend Sections 9 (b) and 11(2) of the UBEC Act that spell out criteria for entitlement to the funds. We hope the federal government is not trying to indulge them by creating a situation in which the funds would be collected without accountability. If anything, the attitude of the governors has only reinforced the need for strict monitoring of UBEC Funds disbursement and utilisation. Reviewing the existing law to make access to the funds easier should not be an option.

The attitude of the governors has only reinforced the need for strict monitoring of UBEC Funds disbursement and utilisation T H I S D AY

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

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

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LETTERS

FIRE SERVICE NEW FLAME OF HOPE

When news broke that President Bola Ahmed Tinubu had appointed Deputy Controller-General Olumode Samuel Adeyemi as the new head of the Federal Fire Service, many Nigerians greeted it with more than polite applause—they welcomed it with cautious hope.

In markets where stalls have been reduced to ashes, in crowded neighborhoods scarred by fire outbreaks, and in towns where emergency sirens are rarely heard until it’s too late, citizens are yearning for a change. For them, Adeyemi’s appointment is more than a leadership transition—it is a potential turning point.

Olumode Adeyemi is no stranger to the fire service. Having begun his career at the FCT Fire Service before transferring to the Federal Fire Service, he steadily climbed the ranks to become Deputy Controller-General in charge of Human Resources. Now, with his promotion to the top job, many believe his institutional knowledge and steady leadership style could reignite a struggling agency.

“We’re tired of watching our homes burn while waiting for help that never arrives,” says Ngozi Eze, a trader in Onitsha whose shop was gutted by fire last year. “We just want someone who understands what we go through—and who can change things.”

Indeed, for most Nigerians, fire service reform isn’t an abstract policy issue; it’s deeply personal. Over the years, countless families have suffered

losses from fire outbreaks—often due to poor infrastructure, slow emergency response, and lack of fire prevention awareness. In many cases, fire trucks arrive late, ill-equipped, or not at all.

Adeyemi, however, brings with him a portfolio that inspires confidence.

He has completed all mandatory in-service and command training courses, and has benefited from professional development programs both locally and internationally. His memberships in professional bodies—including the Association of National Accountants of Nigeria and the Institute of Public Administration—add depth to his credentials.

“He’s not just a fireman,” says Musa Ibrahim, a civil service analyst in Abuja. “He’s an administrator, a strategist, and someone who understands the system from within.”

Still, the challenges before Adeyemi are vast. Despite efforts by the outgoing CG, Abdulganiyu Jaji Olola, to modernize equipment and expand zonal coverage, the Fire Service remains underfunded, understaffed, and often reactive instead of preventive. Nigerians are hopeful that the new CG will address these issues head-on.

“I want to see more fire stations in local communities, more trained personnel, and faster response times,” says Kelechi Nnaji, a safety officer in Port Harcourt. “We’re not asking for magic—we just want a working system.”

Public expectations are particularly high around community engage-

ment. Many believe that fire education and prevention campaigns have been neglected for too long. Advocates are urging the new leadership to invest in grassroots awareness, especially in high-risk areas like markets, urban slums, and schools.

“There’s a lot we can prevent if people know what to do in case of fire,” says Amina Bello, who volunteers with a disaster-response NGO in Kaduna. “If the new CG focuses on public education, we’ll see fewer tragedies.”

Adeyemi’s background in human resource management may also prove critical in addressing internal morale and professionalism within the Fire Service. Officers often complain of poor welfare, irregular promotions, and inadequate training. Reforming this system, insiders say, is key to building a motivated and effective workforce.

Perhaps what sets Adeyemi apart, in the eyes of many, is his quiet yet deliberate leadership style. He’s not seen as flashy or political—he’s seen as steady. And in a nation fatigued by bold promises and thin results, that steadiness is reassuring. As the countdown to his official assumption of duty on August 14 continues, Nigerians are watching, waiting, and—above all—hoping. They hope for a Fire Service that works. A service that arrives on time. A service that prevents tragedy before it strikes.

Ibrahim Ismail, Dept of Mass Communication, University of Maiduguri

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T H I S D AY • Thursday, August 7, 2025

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

A u g u st

S & P INDEX

6 , 2 0 2 5

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EXCHANGE RATE

OPR

25.34%

CALL

23.25%

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595.26

1/4 to daTE

0.24%

N1,502 / 1 US DOLLAR*

OVERNIGHT

25.18%

1-MONTH

21.37%

1-DAY

0.10%

YEAR TO DATE

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*AS AT Wed., August 6, 2025

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WATRA Seeks Regulatory Harmonisation to Transform W/Africa’s Fragmented Telecommunications Market

Emma Okonji Worried about the different telecoms regulatory policies across West African countries and their implications for national growth, the Executive Secretary, West Africa Telecommunications Regulators Assembly (WATRA), Mr. Aliyu Yusuf Aboki, has reaffirmed WATRA’s commitment to promoting a harmonised digital policy and regulatory environment across West Africa.

Aboki said regulatory harmonisation will transform the fragmented national markets across West Africa into one larger and more investable region.

According to him, consistent and coordinated regulation is key to unlocking investment, innovation, and growth in the region’s digital economy.

Speaking at the opening of

the third meeting of WATRA’s Working Groups in Accra, Ghana, Aboki stressed that a harmonised regulatory space would turn West Africa into a coherent, unified digital market attractive to global and regional investors.

“WATRA is not just facilitating dialogue—we are laying the foundation for a seamless regional market where innovation and investment can thrive. This meeting in Accra reflects our collective determination to build regulatory infrastructure that enables inclusion, trust, and scale,” Aboki said.

Hosted by Ghana’s National Communications Authority (NCA), the four-day high-level session brought together telecoms regulators, private sector leaders, development partners, and digital policy experts to share knowledge and experiences and develop recommendations that would

refine regional frameworks in three key areas: consumer experience, infrastructure development and cybersecurity.

Explaining how harmonisation can create a larger market for West Africa, Aboki said the ECOWAS region, which remained a home to over 400 million people, has immense potential as a single digital market, but lamented the divergent national regulations that have led to fragmented investment environments, increased compliance costs, and inefficiencies in service delivery across West African countries.

According to him, by aligning rules and standards across borders, harmonisation will expand the effective size of the market available to telecoms operators, fintechs, digital platforms, and infrastructure investors, adding that instead of dealing with 16 different licensing

regimes, spectrum policies, or consumer regulations, companies can scale more efficiently across the region, thus reducing costs and risks while increasing innovation and competition.

“Regulatory harmonisation transforms fragmented national markets into one larger, more investable region. It’s the gateway to building regional tech champions, improving affordability for consumers, and fostering resilient digital systems,” Aboki explained.

Explaining further why the Working Groups matter in the harmonising policies, Aboki said: “WATRA’s Working Groups on Consumer Access and Experience, Infrastructure Development, and Cybersecurity, are the assembly’s strategic engines for technical cooperation and reform.

Under my leadership, they are designing regional frameworks

that serve as models for national implementation.

“In the areas of consumer access and experience, they are enhancing consumer trust and fair service standards, increasing uptake of digital services and driving inclusive digital participation. In the area of infrastructure development, they are harmonising infrastructure policies, especially around spectrum allocation, satellite communications and sub-sea and terrestrial optical fibre, and also attracting investment in broadband, towers, and regional connectivity. For cybersecurity, they are establishing regional cyber standards that are critical to protecting users, safeguarding cross-border digital trade, and ensuring investor confidence.

“The Working Groups produce actionable, home-grown solutions that regulators can adapt to national contexts. They are where vision meets

implementation.”

According to Aboki, West Africa’s telecommunications industry is a cornerstone of the region’s economic development. With over 250 million mobile subscribers, more than 120 million internet users, and nearly 15 per cent of Nigeria’s GDP coming from ICT, the sector plays a transformative role in commerce, education, governance, and job creation. Yet, the absence of harmonised rules continues to impede regional scale.

Aboki therefore stressed that the creation of a Single Digital Market (SDM) in West Africa could unlock billions of dollars in annual value, supporting seamless mobile roaming, digital financial inclusion, crossborder e-commerce, and regional cloud infrastructure.

The story continues online on www.thisdaylive.com

How Nigeria Can Move from AI Innovation to Thriving AI Economy Emma Okonji The General Manager for Microsoft Nigeria and Ghana, Abideen Yusuf, has explained how Nigeria can progress from pockets of Artificial Intelligence (AI) innovation to a thriving AI economy, by making AI technology widely accessible across the country.

According to him, if the first three industrial revolutions have taught Nigerians anything, it’s that a nation’s progress depends largely on its ability to disseminate specific technologies, since not all technologies are equal. Some are single-purpose technologies, such as lawn mowers or smoke detectors, designed to excel at one specific task. Others are general-purpose

technologies (GPTs) like electricity and the internet, with the power to redefine entire economies.

Yusuf, in a statement, said AI would largely be regarded as the general-purpose technology of our time, predicted to transcend any other technological breakthrough that’s gone before.

He cited Price Waterhouse Coopers (PwC), which predicted that the technology could contribute more than $15 trillion to the global economy in 2030, which is comparable to the current outputs of China and India combined.

“In recent years, there has been a surge of excitement and determination to harness AI for both social and economic development for good reason. The possibilities

are immense: Lagos, for instance, has emerged as a leading tech hub, boasting rapid growth in venture capital, startups, and value creation.

According to the Dealroom Global Tech Ecosystem Index, Lagos is fast establishing itself as a prominent force on the world stage of technological innovation.

“It’s well recognised that Nigeria is already producing AI innovation. The focus now must be on making the technology widely accessible across the country. Economists note that true economic growth comes from not just leading in GPT innovation but also adopting essential GPTs across the economy,” Yusuf said in the statement.

Addressing how to build an AI economy in Nigeria, Yusuf said it

would require a holistic approach to several interconnected policy priorities, such as: Cultivating a strong AI ecosystem; Developing an AI-ready workforce; and Enabling the shift from consumers to producers of AI. In cultivating a strong AI ecosystem, Yusuf said, given the transformative potential of AI, it would be crucial to establish a robust foundation for its growth and integration, adding that AI is developed on a tech stack similar to a building structure, starting from the bedrock of infrastructure like power and chips, and extending to the innovative applications that businesses and consumers use daily. “To nurture a vibrant AI ecosystem, it’s essential to

begin with the infrastructure tier that forms the backbone of any advanced technological progress.

Just as electricity relies on power plants, AI depends on datacentres and robust infrastructure.

Recognising this need, companies such as Microsoft have proactively invested in critical components such as Africa’s first datacentres as well as Edge Nodes in Nigeria.

These investments deliver faster networks and improved access to cloud services for local businesses, strengthening Nigeria’s digital ecosystem and paving the way for widespread AI adoption.

“Despite this, African countries such as Nigeria are still considered ‘waking up’ or ‘nascent’ in AI investment, according to Oxford

Insight’s Global AI Index. Indeed, AI capabilities are doubling every six months, requiring constant investment to maintain cuttingedge infrastructure. It’s for this reason; we can expect to see ongoing strategic investments from organisations across both the public and private sectors to expand advanced infrastructure in strategic locations on the continent.

Industry leaders will increasingly be required to combine forces to drive the scale of impact needed, partnering to develop entire digital ecosystems, built on investment in state-of-the-art datacenters,” Yusuf said.

The story continues online on www.thisdaylive.com

M a r k e t d ata A s at W e d n e s d ay, A u g u s t 6 , 2 0 2 5

BONDS

Description Price Yield Change Updated Time (%) ^16.2884 17August 98.95 16.99 0.09 2025 6, MAR-2027 August 6, ^19.94 20103.61 17.28 -0.29 2025 MAR-2027 ^13.98 23August 6, 93.93 16.96 -0.14 2025 FEB-2028 ^21.00 20August 6, 108.87 16.69 -0.01 2025 MAR-2028 ^14.55 26August 6, 94.12 16.69 -0.32 2025 APR-2029

Maturity

NTB 7-Aug25 NTB 4-Sep25 NTB 9-Oct25 NTB 6-Nov25 NTB 4-Dec25

BILLS

Discount Yield

CPs

Change (%) Updated Time

Maturity

16.25

16.36

August 6, 0.00 2025

16.34

16.66

August 6, 0.00 2025

15.52

16.05

August 6, -0.01 2025

16.39

17.21

August 6, 0.04 2025

17.53

August 6, -0.01 2025

FAST CP VI 11-AUG-25 MTNN CP XII 30-JUL-25 SALC CP II 3-OCT-25 LFZC CP X 16-SEP-25 SIBP CP I 11DEC-25

16.47

Discount Yield 24.02

24.32

20.80

20.88

20.54

21.40

20.57

21.22

18.30

19.68

CLEARED NAIRA-SETTLED NDFS Change (%)

Updated Time

August 6, 0.00 2025 August 6, 0.00 2025 August 6, -0.01 2025 August 6, -0.01 2025 August 6, -0.16 2025

Contract Current Tenor Contract Rate ($/₦) (Month) NGUS JUL 13M – 29 2026 NGUS AUG 14M – 26 2026 NGUS SEP 15M – 30 2026 NGUS OCT 16M – 28 2026 NGUS NOV 17M – 25 2026

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August 6, 2025 August 6, 2025 August 6, 2025 August 6, 2025 August 6, 2025

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Thursday, August 7, 2025 • T H I S D AY

BUSINESSWORLD

Interview

Driving Digital Inclusion: Chinwe Uzoho on Innovation, Women in Tech, and the Future of Payments in Africa In this interview with Sunday Ehigiator, the Regional Managing Director for West Africa at Network International, Chinwe Uzoho, opens up about her journey through nearly three decades in the financial services industry. She shares insights into the company’s groundbreaking efforts to deepen financial inclusion across Africa, the innovations transforming digital payments, and her mission to empower more women in leadership and tech. From building agile platforms like Network One to championing secure fintech solutions and nurturing local relevance, Uzoho provides a candid look into the future of finance on the continent and how she’s helping shape it Tell us what you do and describe your work in the digital financial space, especially around financial inclusion across Africa? y name is Chinwe Uzoho, and I’m the Regional Managing Director for West Africa at Network International. I oversee all our operations across the West African region, although I’m currently based in Nigeria. Network International is the Middle East and Africa’s largest and leading fintech company. We have been in business for over 30 years and have served more than 250 financial institutions across 50+ countries.

Today, we also support over 196,000 merchants. We are the number one payment processing company in the Middle East, and our brand promise is centred around helping businesses grow. As a technology and fintech-driven company, innovation is critical to how we operate. We recognise that financial inclusion is especially vital in Africa, and that’s a big focus for us.

To drive inclusion, we provide our clients, primarily financial institutions, with secure and scalable digital platforms that enable them to transform their businesses.

As a B2B company, we support our partners so that they, in turn, can serve end-users with modern, efficient, and secure financial products. We prioritise availability, security, trust, and uptime in everything we do. These principles drive our success across all the countries where we operate. While we’re a global business, we act locally, aligning our operations with the regulatory expectations of each market. Ultimately, our focus is not just to tell a story, but to make a tangible impact on millions of businesses and people.

them with digital onboarding solutions, including KYC processes, so they can verify customers efficiently and securely. Many of their customers use virtual cards instead of physical ones, and our platform supports all of that, including shopping online, opening accounts, and managing transactions seamlessly. Security is also a major concern. When fintechs first emerged, there were lots of complaints about fraud. But that narrative is changing, thanks in part to tools like our Falcon Fraud Analyser. It proactively detects and prevents fraudulent activity based on behavioural patterns, rather than relying on manual checks.

We also provide data analytics and reporting.

Fintechs want to understand their customers better.

With the insights we provide, they can segment their user base more intelligently. For example, we can help them identify customers who are creditworthy and automatically qualify them for credit cards using digital credit scoring. This way, they can offer the right products to the right people, which prevents non-performing loans. Everything we do is geared towards helping them operate efficiently in a digital-first world. From onboarding to fraud prevention to customer segmentation, we give fintechs the tools they need to deliver on their promise of digital financial inclusion.

M

Let’s talk about some of the challenges you face, especially in extending inclusion to underserved areas and rural communities. How is Network International working to overcome these obstacles?

Great question: challenges are a part of growth; they push us to innovate and improve. One of the key challenges we face, particularly in Africa, is limited digital infrastructure. Connectivity and access to digital tools remain hurdles in many communities. Another major issue is the fragmented regulatory landscape across African countries. While it’s necessary for regulators to guide digital payment systems to protect consumers and ensure trust, it can sometimes impact innovation or make regional expansion challenging.

That said, regulation is crucial. Consumers need to feel safe when using digital platforms, and we fully support efforts that aim to strengthen trust in the system. Beyond regulations, there has historically been scepticism about digital transactions. For example, in Nigeria, people were initially hesitant to use phones for financial transactions, particularly due to issues like SIM cloning and fraud. However, the regulatory bodies have stepped in with clear guidelines, particularly in collaboration with telcos, and this has significantly improved consumer confidence.

Today, thanks in part to regulations and also to increased digital literacy, Nigerians are much more comfortable using digital platforms for everyday transactions, QR code payments, transfers, mobile banking, and the like. COVID-19 also accelerated this digital adoption. With lockdowns in place, people welcomed the safety and convenience of digital payments for shopping, transfers, and other transactions. We’re also working to continuously improve security and trust. For example, our platforms give users visibility and control. If someone sees suspicious activity on their account, they can instantly stop the transaction.

We provide this capability to our clients in financial services, who then offer it to their customers.

In terms of fraud prevention, we’ve moved from being reactive to being proactive. One of our tools, for instance, is called Fraud Analyser. It understands a user’s transaction patterns and immediately flags any anomalies. So, if a user is in Lagos and suddenly a transaction is attempted in Japan or Hong Kong, the system recognises that as unusual and alerts the bank.

This kind of proactive fraud detection helps protect consumers and strengthens trust in digital platforms.

These are the kinds of innovations we bring to our partners across Africa. So yes, challenges exist, but every day, we are building, innovating, and adapting to make digital financial services more secure, accessible, and inclusive.

alone; we need strong partners to succeed. We’ve implemented a range of innovations across different markets. One example is our mobile money (MoMo) integration platform. In Ghana, for instance, we partnered with a company to integrate MoMo, which is very big there, directly into the banking platforms. This allows seamless interaction between mobile money and traditional financial services.

Another innovation is our Soft POS solution.

Traditionally, merchants needed large POS machines to accept payments, but with Soft POS, delivery riders and small business owners can simply use their smartphones to accept payments and even print receipts. We also have a compact version of this called M-POS, which is almost the size of a mobile phone and very convenient for on-thego transactions. We’ve also introduced QR code payment systems and our Falcon tool, which is a fraud detection and prevention system. Then there’s the Tap and Go functionality and a Buy Now, Pay Later feature embedded directly into POS devices.

So, for example, if you’re shopping and you have a credit card, the POS can instantly prompt you with payment instalment options, say, over three or four months. You choose your plan and walk away with your goods, all done in real-time without needing to go through a bank. We also support banks with simplified onboarding processes, making it easier for them to onboard customers quickly and securely.

Remember, we are a B2B company, so we provide these technologies to our clients, who then integrate them into their services for their end users. Everything we do is tailored. There’s no one-size-fits-all solution.

First, we seek to understand the problem or the gap that exists, then we co-create with our clients to develop products that suit their specific needs. Another key product is our Anti-Money Laundering (AML) solution, which is embedded in the system. Instead of manually verifying each client’s compliance, the AML check is built-in and automatic, particularly helpful for banks managing millions of customers.

Ultimately, our platforms and products help banks and financial institutions automate and digitise their services more effectively. We also work closely with major schemes like Mastercard, Visa, American Express, and UnionPay to ensure smooth interoperability within the digital payments ecosystem. So yes, innovation for us is not just about technology, it’s about solving real problems and helping our clients serve their customers better within a fully integrated ecosystem.

Talking about innovation, what are some of the innovations that you have facilitated among your clients that have improved their customer service?

At Network International, we’re very intentional about everything we do. As a technology company, innovation is at the core of our business; it’s our bread and butter. Collaboration also plays a key role for us because we understand that we can’t do everything

You recently launched Network One. What would you say the platform is set to address, and what was the intention behind it? What’s the brain behind Network One? Network One is a cutting-edge platform that we offer to our clients. It’s cloud-based, plug-and-play, and incredibly agile. Clients can quickly make changes, say, if a bank wants to modify how

its cards are processed, it can be done almost instantly. That’s what makes it dynamic. It’s not a static system. At Network International, we serve a wide range of clients with different needs, so Network One allows us to slice and dice our services to suit each client. It’s built for speed and efficiency, particularly important because many of the institutions we serve require rapid time-to-market. Onboarding new clients, such as banks, is now faster. Everything is preconfigured, plug-and-play, so they can be up and running in no time. And if they want to change something later, it’s quick and easy to do.

It’s also interactive and scalable. We’ve brought this future-ready platform to Nigeria and West Africa; it’s already live in Ghana as well. It’s a strategic investment for the future of digital platforms. If you’re serving dynamic clients, you must be dynamic yourself. To be clear, our previous platform is still very efficient. But Network One was born out of our drive for continuous innovation.

Beyond your core services, what is Network International doing to support business growth across West Africa?

At the heart of what we do are three guiding principles: collaboration, innovation, and local relevance; these principles shape our strategy and drive every decision we make as a business. We serve both banks and fintechs, and we’re very big on building alliances and partnerships. A major part of our strength lies in understanding the unique needs of each market where we operate. We’re not in the business of copy-and-paste solutions. We aim to lead globally, but we also make sure we earn and maintain the trust of the local markets we serve.

That’s why we tailor our services to suit each environment. Our strategy is built on being intentional in how we serve clients. You may not always see us, but we work in the background.

For instance, many of the credit and debit card transactions that happen in Nigeria go through our platform. We ensure 99.9% uptime; that’s our SLA with banks. We also offer services that make banking easier for end users. For example, through our APIs, customers can activate their cards or change their PINs online without ever visiting a bank. That’s part of our commitment to improving convenience and efficiency.

Let’s talk about fintechs. How is Network International supporting the fintech ecosystem, especially with the shift toward fully digital services?

Fintechs today are all about speed and digital convenience. They serve a largely young, tech-savvy population who are not anchored to brick-andmortar banking. Many of them operate with just one physical office, or none at all, while serving millions of customers digitally. Most of the major fintechs in Nigeria are already on our platform because we offer what they need: high availability, digital scalability, and data-driven tools. We support

I’m always excited to see women take on leadership roles, but there’s usually a story behind each one. Can you take us through yours?

That’s a very good question. My journey has always been within the financial sector, right from my early days. I started my career in a bank as a youth corper and have spent close to 30 years in the industry. I’ve always had a passion for retail, for developing products and services, and for understanding the behavioural patterns that drive people to make buying decisions. That interest led me to earn a Master’s degree in Consumer Behaviour and Analysis from the University of Liverpool.

But being a woman in this space does come with its own set of challenges, especially when you’re balancing family responsibilities. It’s not just about being married. As a woman, you often carry the weight of supporting siblings, your children, your team, and others who look up to you, all while showing up fully for your job. However, I strongly believe that you must empower yourself before asking for empowerment.

You must be knowledgeable and equipped. It’s not enough to say, “I’m a woman, therefore I deserve this opportunity.” That mindset can only get you so far. In the end, what truly matters is who is best equipped for the job, regardless of gender. Being a man doesn’t automatically make you a better leader than a woman, and vice versa. If you’re a woman and you want the opportunity, then show up prepared. Equip yourself and come to the table ready. That’s how you earn respect and responsibility.

Does that principle apply even in the tech space?

Absolutely! It applies across every industry, including tech. There’s no limit to how much you can prepare yourself. Instead of focusing on perceived disadvantages, focus on readiness. When people see that you’re ready, they’ll push you forward and support you. I also emphasise mentorship a lot. I tell the women and professionals I mentor to seek out those who can guide and prepare them. Find people who have walked the path before you. Learn from their experience; it makes a big difference.

How is Network International supporting women internally to thrive in leadership and technical roles?

We’ve done a lot internally to create a sense of inclusion and shared purpose. We have a community called WIN, Women in Network, which serves as a safe and supportive space for women across all our regions. It’s not about giving women preferential treatment. Rather, it’s about creating an environment where women can lean on one another, learn, grow, and thrive. This initiative exists in all the countries where we operate. It fosters community and encourages women to push beyond self-doubt or any societal limitations. We’re intentional about nurturing talent, especially among women.

And beyond Network International, there are now many organisations launching leadership programs specifically for women. These create important platforms for development, mentorship, and connection, ensuring that no woman feels isolated or held back simply because of her gender. So yes, that’s part of my story.

And I’m proud to be part of an organisation that’s actively creating space for women to succeed.

The story continues online on www.thisdaylive.com

25

Thursday, August 7, 2025 • T H I S D AY

ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON) 417 Tigris Crescent, Off Aguiyi Ironsi Street, Maitama – Abuja

BUSINESSWORLD

NEWS

EXPRESSION OF INTEREST (EOI) FOR FACILITY MANAGEMENT SERVICES & ASSET SALES PARTNERS FOR AMCON 1. INTRODUCTION Asset Management Corporation of Nigeria (AMCON) was established by the AMCON Act, 2010 to ensure pledged collaterals of acquired Eligible Bank Assets (EBAs) and proprietary assets are maintained in a cost-effective/efficient manner and subsequent disposal. AMCON requires reputable and competent: (i) Asset Sales Partners (ASPs) to deliver comprehensive Asset sales Services. (ii) Facility Management Companies/Estate Surveyors to provide Facility Management.

AMCON hereby invites reputable, competent, experienced, and interested firms to submit Expression of Interest (EOI) for consideration.

2. REQUIREMENTS To be considered interested and competent, firms shall submit the following: a. Evidence of Certificate of Incorporation with the Corporate Affairs Commission including Form CAC2 (Statement of Share Capital and Return of Allotment) and CAC7 (Particulars of Directors). Where applicable b. Evidence of filing of up-to-date Annual returns with Corporate Affairs Commission c. Submission of Tax Clearance Certificate for the last three (3) years d. Evidence of current Industrial Training Fund (ITF) Compliance Certificate valid till end of this year e. Evidence of current Nigeria Social Insurance Trust Fund (NSITF) Compliance Certificate valid till end of year. f. Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on the first day of the following year or valid Certificate issued by BPP. g. Evidence of current Pension Compliance certificate valid till the end of the year. h. A sworn affidavit that documents submitted for the expression of interest are not only genuine but correct. i. Submission of full Company profile including management and key personnel of the company supported with curriculum vitae. j. Evidence and examples of similar experience provided to other institutions including details of client, scope of work etc. backed by evidence such as award letters, completion certificates, or client references with contact information. k. Evidence of Registration with the Environmental Health Officers Registration Council of Nigeria.

Note: All official letterheads and other documents of the company must be in compliance with Section 98 of the Companies and Allied Matters Act, 2020.

3.SUBMISSION OF DOCUMENTS The completed pre-qualification documents are to be sealed with wax in an envelope indicating Expression of Interest for the category being applied should be addressed to: The Group Head, Asset Management AMCON Head Office, 417, Tigris Crescent, Maitama, Abuja FCT. The completed Expression of Interest should be submitted to the office of the Group Head, Asset Management on or before 12 noon of 22 August 2025.

4.CLOSING DATE Submission of Expression of Interest document closes at 12 noon on 22 August 2025.

IMPORTANT NOTE TO APPLICANTS It must be noted that: a. Late submissions shall be deemed non-compliant and will be automatically disqualified. b. All costs incurred by any company because of this “EXPRESSION OF INTEREST” (EOI) and any subsequent request for information shall be borne by the company. c. The “Expression of interest” and any related process neither creates any commitment by AMCON nor establish any legal relationship. d. All information must be provided in English Language. e. AMCON reserve the right to accept or reject any submission.

For further enquiries, please contact the undersigned via e-mail: RFPRequest@amcon.com.ng SIGNED MANAGEMENT ASSET MANAGEMENT CORPORATION OF NIGERIA

L–R: Project manager. Vitapur Nigeria Limited, Christopher Didigwu; General Manager, Kehinde Akintayo; Deputy Vice-Chancellor Development Services, Prof. Foluso Lesi, representing the Vice-Chancellor, University of Lagos; Director, HRDC, Dr. Lateef Odekunle and Principal Assistant Registrar, Human Resources Development Centre (HRDC), Olufadeke Akinleye, during the donation of a prefabricated building to the University by Vitapur Nigeria Limited in Lagos yesterday

UBA Partners PAPSS to Advance Local Currency Transfers Across Africa Kayode Tokede United Bank for Africa Plc, yesterday, said it has partnered with Pan-Africa-Payment and Settlement System (PAPSS) to advance its artificial intelligencepowered chatbot, LEO, to drive customers seamless payment in local currency across the continent.

The integration enables customers to make cross-border payments directly through digital platforms like WhatsApp and Facebook Messenger, marking a new era of 24/7 real-time financial transactions across the continent.

PAPSS, developed by the African Export-Import Bank (Afreximbank), is designed to simplify and accelerate payments across African countries using local currencies. Its integration with Leo underscores a push toward more inclusive and accessible financial services, particularly in support of the African Continental Free Trade Area (AfCFTA).

Speaking at the launching ceremony in Lagos, the Group Managing Director, UBA, Mr. Oliver Alawuba said, “Today, we are not just launching a new digital feature. We are unlocking the future of real-time, borderless trade in Africa. This launch is a strong reaffirmation of UBA’s strategic vision - to be the foremost catalyst of financial integration, economic empowerment, and trade facilitation across the continent.”

Performing a function of enabling instant settlement in local currencies,

he expressed that PAPSS is eliminating the historical bottlenecks of currency convertibility, thirdparty correspondent banking, and delayed settlements.

“At UBA, we are proud to be among the first banking groups to champion and operationalize this vision. Today’s milestone - embedding PAPSS into Leo - is a game-changer,” he said.

He noted that the bold move places the power of seamless cross-border payments into the hands of everyday Africans - from a small trader in Accra sending goods to Lagos, to a student in Kumasi paying tuition in Abuja - via the simplicity of a chatbot.

He revealed that as of August 5, 2025, over 16,000 transactions have already flowed through the NigeriaGhana corridor using PAPSS on Leo. “Notably, Ghana-to-Nigeria transfers are leading the charge with over GHS 121 million in outbound volume, and we expect Nigeria-to-Ghana flows to surge with the Leo integration,” the UBA boss revealed.

Alawuba explained further that the innovation by UBA is not about technology but about the people - empowering SMEs, supporting families, and making Africa’s Single Market not just a dream, but a reality.

The CEO, PAPS, Mr. Mike Ogbalu III praised the partnership with UBA and described the move as a step toward bringing African businesses and individuals closer together through digital innovation.

He explained that the collaboration transitions PAPSS from a traditional, counter-based model to a fully digital solution

that operates beyond standard banking hours.

“This is about financial unity across Africa. With PAPSS now live on Leo, users can make secure cross-border payments any time—day or night—directly from chat platforms they already use,” Ogbalu said.

He further commended UBA for being one of the earliest supporters of the PAPSS initiative, having signed a Memorandum of Understanding (MoU) in 2022 and actively championed its rollout across its African network.

Speaking earlier, the Directorate Head, Digital and Retail Banking, UBA Mr. Shamsideen Fashola, stated that the recent deployment of PAPSS on the Pan-African financial institution’s LEO Chatbanking platform is a bold step in that direction.

“With this, UBA becomes the First Bank in Africa to power cross-border payments through a chatbot, reinforcing our digital leadership and setting a new benchmark in financial services across the continent,” he said.

Fashola noted that the collaboration is more than a technology launch, but a transformational move that simplifies payments, empowers traders, supports families, and unlocks economic potential in line with our goals.

“Early data already shows promising adoption, especially in the Ghana-Nigeria corridor, and we are committed to deepening awareness and driving even more value for customers across our markets,” he added.

Vitafoam’s Subsidiary, Donates Prefabricated Building to UNILAG In a move aligned with its Corporate Social Responsibility (CSR) towards the education sector, Vitapur Nigeria Limited, a subsidiary of Vitafoam Nigeria Plc, has donated a prefabricated insulated building to the University of Lagos (UNILAG) to support manpower development and provide a conducive environment for learning and training.

During the handover ceremony in Lagos, Vitapur’s General Manager, Kehinde Akintayo, described the modern building as a testament to the company’s dedication to sustainability, a principle embedded in its products and services.

“This building exemplifies our commitment to bridging the gap between industry and academia, It aligns with our CSR policy and reflects our continued

investment in research and sustainability. At Vitapur, we are conscious of climate change and environmental concerns, and we aim to provide infrastructure that enhances teaching and learning,” Akintayo stated.

Representing the Vice Chancellor, Professor Folashade Ogunsola, the Deputy Vice Chancellor (Development Services), Professor Foluso Lesi, expressed appreciation to Vitapur’s Board and Management.

He emphasized the importance of strengthening collaborations between academic institutions and industry players to ensure graduates are well-equipped for the workforce.

“As a university, we prioritize manpower development and value partnerships like this one with Vitapur. We aim to co-create curricula that reflect

local realities, with input from industry leaders like Vitapur to ensure our graduates are job-ready,” Lesi said.

He also acknowledged the pivotal role of former Chairman of Vitafoam, Dr. Dele Makanjuola, in initiating the project, saying: “Beyond offering a conducive learning space, this facility will boost teaching capabilities and foster greater academic-industry interaction, particularly for the unit dedicated to workforce development.”

Echoing similar sentiments, Director of the Human Resource Development Centre (HRDC), Dr. Lateef Odekunle, stressed the importance of collaboration between academia and industry.

“Town and gown cannot function in isolation. Building these linkages is essential to addressing societal challenges,” he remarked.

T H I S D AY • Thursday, August 7, 2025

26

BUSINESSWORLD

PERSPECTIVE

Expected Impact of GDP Rebasing on SMEs in Nigeria Alex Ekemenah

S

mall and Medium Enterprises (SMEs) in Nigeria are a vital component of the Nigerian economy, both as the largest employer of labour and a significant contributor to the country’s gross domestic product (GDP).

SMEs straddle nearly all sectors of the economy, including agriculture, manufacturing, services, technology.

However, SMEs face a host of challenges ranging from lack of access to adequate finance, infrastructure gap, regulatory obstacles and lack of sustainability.

The 2019 GDP rebasing shows clearly the position of the SMEs as regards their contribution to the nation’s GDP - standing at about 48 per cent. This is very significant, clearly also indicating that if the Federal and State Governments clear most of the obstacles facing the SMEs, they could contribute more to the nation’s economic growth and development.

Governments could take this as an eyeopener to the possibilities hidden within the bosom of SMEs as a veritable engine of economic growth for the country. By addressing the challenges and leveraging on the opportunities within the SMEs sector, they can drive economic growth and development faster.

As it stands, according to the rebased GDP, SMEs sector accounts for about 96 per cent of thriving businesses in Nigeria and 84 per cent of employment.

And about 39,654,385 micro, small and medium enterprises (MSMEs) operate in the country even when they fail at rapid rate essentially because of the aforementioned challenges facing them.

One of the greatest challenges facing the SMEs is epileptic electricity supply.

The high electricity tariff is a major cause of their rapid failure because they can ill afford to cope with the high overhead operational cost occasioned by the sky-high electricity tariff. Now that the pride of place of the SMEs in the economy has been shown by the rebased GDP, government should do everything possible to ensure that they have adequate supply of electricity and at an affordable cost.

Another problem of SMEs is lack of access to reasonably-priced finance.

Government needs to make it possible for SMEs to access finance easily from banks and other financial institutions low interest rates.

The GDP rebasing shows the composition of SMEs in the various sectors of the economy. This gives insight into the importance of SMEs in the economy, and the need for government at all levels to create the enabling environment for SMEs to thrive and grow, and continue to contribute to GDP growth in Nigeria going forward.

For instance, in crop production, the informal sector which is dominated by SMEs contributes as much as 91.72 per cent to the GDP while in livestock it contributes 97.51 per cent. In forestry it contributes 98.19 per cent, while in fishing, it contributes about 94.04 per cent.

The rebased GDP also shows that the informal sector contributes 52.13 per cent to coal mining, 75.29 per cent to metal ores, 57.37 per cent to real estate, 85.92 per cent to administrative support services and 89.25 pr cent to other support services.

In terms of Naira and kobo, the

informal sector has been growing appreciably as evidenced by the following areas: Crop Production N61,916,574.45 in 2024 from N56,895,936.24 in 2023; Livestock N24,798,473.63 in 2024 from N21,636,500.54 in 2023; Forestry N5,282,876.40 in 2024 from N4,857,350.12 in 2023; Fishing N4,463,771.79 in 2024 from N3, 652,185.88 in 2023.

What government can do to promote SMEs There are regional and continental platforms that are veritable organs for the promotion and sustainability of SMEs. ECOWAS is a starting point where products of SMEs that meet international standards can be marketed across boundaries.

There is also the African Growth and Opportunity Act between the United States of America and African countries to promote African products in the US market. Governments in Nigeria have both the opportunity and responsibility to ensure that SMEs tap into this scheme.

The African Continental Free Trade Area (AfCFTA) is a single market for goods and services of African origin to interchange to the benefit of all. Government should promote the products and services of SMEs through AfCFTA window.

The Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN) is a critical vehicle that plays and can continue to play a key role in supporting and promoting SMEs in the country.

Government should look into the current organisational structure of SMEDAN and retool it so that it can

give the desired support to the SMEs. Though the Central Bank of Nigeria CBN) has stepped back in its development finance initiatives, it must not abandon its development activities completely.

It should revamp its MSME Fund and become more actively involved in the funding of SMEs. Collaboration among relevant government agencies, the organised private sector, banks and other financial institutions and development agencies are veritable vehicles for creating access to funding for the SMEs. This channel must be fully explored.

In the digital age, the adoption and adaptation to digital platforms for buying and selling of varied products and services from the SMEs is very crucial. Big digital companies should help by regular public awareness campaigns, training programmes for SMEs owners so that they can key into these digital platforms.

Improvement in the nation’s infrastructure would greatly enhance the operations of the SMEs, especially those in the agriculture sector that need to move their products from the farms to the markets. Governments need to do something in this regard to ensure the survival and growth of the SMEs. With the rebased GDP showing that the SME sector is making immense contributions to the economy, there should be renewed effort by both the government to cater to the needs of the sector by formulating policies, embarking on programmes and creating funds to enhance its capacity to contribute more to the economic growth and development of the country.

• Alex Ekemenah, an economic analyst wrote in from Lagos

Firm Partners FG to Drive Data Protection Awareness

Stories by Emma Okonji

PalmPay has reinforced its commitment to data protection and youth empowerment,

through a partnership with the Federal Ministry of Youth Development to launch the Youth Data Protection Awareness and Training

(YDPAT) Programme, targeted at equipping over one million Nigerian youth digitally in the next three years.

Speaking at the launch,

the Minister of Youth Development, Comrade Ayodele Olawande, commended PalmPay’s partnership in the actualisation

CeBIH Re-elects Laolu-Adewale as Chairman

The Committee of e-Business Industry Heads (CeBIH) has re-elected Ajibade LaoluAdewale as the Chairman of the committee for another term of office.

He was unanimously voted by all members present at the committee’s general meeting held in Lagos recently.

In his acceptance speech after the election, the CeBIH Chairman stated that the executive committee under his leadership would accelerate impact by relentlessly driving the adoption of electronic business services through the right technologies, robust policies, unwavering standards,

groundbreaking innovation and widespread public awareness.

He also stated the committee’s support for the current administration’s economic agenda, particularly in deepening financial inclusion.

Earlier in his welcome address to the members of the committtee, the Chief Executive

Officer/Managing Director of Globus Bank, Elias Igbinakenzua, commended the Committtee of e-Business Industry Heads for being at the forefront of collaboration among banks and for spearheading initiatives and innovations that have resulted in the increased adoption of digital banking.

of the programme and described YDPAT as a bold step toward building a digitally literate and securityconscious generation.

“This is about building a privacy-first generation, one that is inclusive, future- facing, and globally competitive,” Olawande said, while emphasising the low awareness of the Nigerian Data Protection Act (NDPA) 2023 and the critical shortage of certified Data Protection Officers (DPOs), despite over 500,000 data controllers operating in the country.

PalmPay’s Managing Director, Mr. Chika Nwosu, stated how data protection

remained as important as innovation in tech. He noted that PalmPay integrates privacy into every stage of its product development, ensuring that user information is safe.

“Beyond ensuring data protection, PalmPay is committed to empowering young Nigerians with real opportunities for growth, with mentorship and internship placements for top- performing participants. It has led several youth-oriented initiatives, including the Purple Woman campaign, and Passing the Baton CSR for thousands of youths and women in urban and rural communities,” Nwosu said.

Lions Club Raises N150m, Unveils District 404B2 Governor Sophos to Drive Partners’

Stories by Agnes Ekebuike

In a grand celebration filled with tradition, laughter, and purpose, Lion Olukemi Abimbola Erinbake was officially unveiled as the District Governor of Lions Club International, District 404B2 Nigeria, for the 2025–2026 service year.

The occasion, which held in Lagos, brought together an inspiring mix of the

leadership of Lions Club leaders, royal dignitaries, family members, and wellwishers, each one eager to witness the historic moment and show their support for a woman whose leadership journey has been marked by resilience, humility, and unwavering dedication to service.

Multiple Council Chairperson (MCC) Lion Dr. Ibrahim Jide Bello, delivered

a stirring goodwill message, praising Lion Erinbake’s rise through the leadership ranks, from Second Vice District Governor to First Vice, and now District Governor. “Your emergence is a reflection of true service leadership,” he said, encouraging the new governor to remain aligned with the international president’s theme: “Lead to Serve, Serve to Lead.”

The new District Governor,

in her acceptance speech, emphasised that the journey ahead would be defined by teamwork, integrity, and transformative service. She called on Lions to support the fundraising goal of N150 million, noting that “every gesture of support brings us closer to our goals, be it for sight preservation, youth empowerment, environmental sustainability, or hunger relief.”

Firms Unveil Campaign for Smart Shopping In a bold move set to revolutionise the shopping experience for consumers, LG Electronics, a global leader in home appliances, has announced a new partnership with PricePally, the innovative community-based shopping platform, to launch the ‘Fill

Up Campaign’.

Commenting on the initiative, General Manager, Home Appliances Solution, LG Electronics Nigeria, Mr. Oktae Kim, said: “At LG, we are committed to innovation that enhances everyday life.

The Fill Up Campaign with

PricePally is an exciting opportunity to bring our world-class technology to more homes in Nigeria, while also promoting sustainable, communitybased shopping.”

Speaking about the collaboration, PricePally’s CEO,

Luther Lawoyin, said: “We are thrilled to partner with LG Electronics on the ‘Fill Up Campaign.’ At PricePally, our mission is to continuously find innovative ways to provide value to our customers, and this collaboration is a perfect example.”

Growth, Market Advantage Sophos, a global leader in innovative security solutions for defeating cyberattacks, has launched a new Sophos Partner Programme, unlocking multiple opportunities for partners to accelerate growth, deliver industry-leading cybersecurity solutions in an increasingly competitive market.

The new programme brings together Sophos’ and Secureworks’ global partners into one integrated, high-performance ecosystem and builds on Sophos’ award-winning programme that is trusted by more than 25,000 partners globally.

Senior Vice President of Global Channel, Alliances and Corporate Development, Chris Bell, said “The new Sophos Partner Programme is designed to reflect the way partners want to build and scale their business today. It offers a flexible and profitable path to growth, whether partners are expanding

their managed services, launching cybersecurity advisory offerings or scaling existing practices.”

The launch marks a significant expansion in the services and support available to partners. By combining the strengths of Sophos and Secureworks, the new programme makes it easier for partners to deliver next-generation security outcomes faster, more profitably and at scale.

President and CEO at Trebron IT and Cybersecurity, Dave Peck, one of Sophos partners, said: “Sophos’ acquisition of Secureworks and the ability to sell across both legacy portfolios is a significant opportunity for our business.

We’re excited to be able to offer next-generation SIEM through a partner we trust. This will enable us to differentiate and win more deals on day one, especially with healthcare and manufacturing customers.”

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THURSDAY AUGUST 7, 2025 • T H I S D AY

PUBLIC NOTICE

The attention of KEPCO Energy Resource Nigeria Limited, NG Power-HPS Limited and New Electricity Distribution Company Limited (“the Power Entities”), has been drawn to false and misleading advertorials in This Day Newspapers of August 6, 2025 alleging the appointment of one ‘Kunle Ogunba Esq. SAN as Receiver/Manager by FBNQuest Trustees Limited (acting for a syndicate of Lenders) over the assets and undertakings of the Power Entities and the alleged approval of the court of the purported appointment.

iii.

Enforcing or taking any steps to enforce any share security granted over the assets of the Power Entities or their sponsors based on the disputed debt claimed by the Lenders which the Power Entities vehemently dispute.

iv.

Unilaterally enforcing or taking steps to enforce or taking action under or doing any act pursuant to any security document or other finance documents in connection with the disputed debts.

The said publications are not only a gross misrepresentation of facts, but a desperate attempt at self-help and subversion of the course of justice. While we are not in the least surprised by the desperation exhibited in the said publications which are characterized by utter disregard for the judicial process, one would have expected some measures of restraint and respect for the court and its processes, by a Senior Advocate of Nigeria, who had taken the oath to so do, in the discharge of his duties.

‘Kunle Ogunba, SAN was also personally restrained from taking any step capable of dissipating the subject matter of the action, pending the hearing and determination of the suit.

This notwithstanding, as responsible corporate citizens, we consider it necessary to set the records straight for the benefit of the general public and unsuspecting readers, while stating that none of our operating companies (i.e. Egbin Power Plc, Ikeja Electric Plc and First Independent Power Co. Ltd) is in receivership or being managed by or under the control of any external party whatsoever.

For the records, the Power Entities had on 23rd June, 2025, commenced actions, challenging the decision of the syndicate of lenders to renege from the 2019 agreements duly executed by parties. Alongside the said action, the Power Entities also sought and obtained interim orders of injunction, restraining the syndicate of lenders from taking any step towards enforcement of the facilities.

The court granted the interim orders on 24th and 27th June, 2025, respectively and the syndicate of lenders, as well as their agent and trustee were duly served with the orders. Upon the service, they engaged one ‘Kunle Ogunba, SAN, who filed processes seeking amongst others, the setting aside of the restraining orders, on account of his purported appointment as Receiver/Manager. The said Kunle Ogunba, SAN personally appeared in court on 22nd July, 2025 to argue his applications seeking the discharge of the restraining interim orders and dismissal of the suits.

At the proceedings of 5th August, 2025, Honourable Justice Akintayo Aluko of the Federal High Court dismissed ‘Kunle Ogunba’s application to set aside the interim orders of injunction and further proceeded in its Rulings to make long terms orders of interlocutory injunction, restraining the Lenders and their purported Receiver/Manager from: i. Calling or accelerating the facility granted by the Lenders to the Power Entities which has not matured. ii. Interfering and/or continuing to interfere, or taking steps to interfere with the assets, businesses and undertakings of the Power Entities in any manner whatsoever; or taking any adverse steps under any guise, whether by way of suspension of the business and operational accounts of the Power Entities and its shareholders domiciled with the Defendants or in any manner whatsoever.

We urge the general public and our stakeholders to ignore the aforementioned advertorials and unfolding press releases in their entirety. The matters in dispute amongst the Parties are currently subject of litigation in various suits where the Lenders have submitted to the jurisdiction of the Courts.

For clarity, we have decided to publish the exparte orders of 24th and 27th June, 2025 and the interlocutory orders of 5th August, 2025. The options legitimately available to parties that have failed in applications made to the court and against whom orders have been made are to comply with the orders and express any disaffection by way of an appeal. Certainly, such options do not include sponsorship of misleading publications, especially one, personally signed by the holder the revered rank of Senior Advocate of Nigeria, who should be in the forefront of advocating respect for the judicial process and adherence to orders made by the court. For the avoidance of doubt, at pages 35 and 40 of the Ruling of the Honourable Justice Aluko delivered on 5th August, 2025, in respect of the Defendant’s applications to discharge the exparte orders and the Motions for interlocutory injunction, the court held thus: “In order to further preserve the res in the litigation, there is no justification to disturb the said order, rather, the peculiar circumstance and situation in this case call for an extension of the order by way of granting the Plaintiff’s Motion for Interlocutory Injunction.” “...in as much the issue as to whether the facility has matured to necessitate the appointment of a receiver/manager is pending before this court as a subject matter, it is better for the receiver/manager whose appointment is still a subject of litigation not to engage in any act that is capable of destroying the res in this case.

More justice will result in asking him not to act pursuant to his appointment than to allow him to so act, which is capable of destroying the res in litigation in this case.”

We remain committed to the growth and development of the Nigerian Power Sector as foremost stakeholders and responsible operators, driving the transformation of power supply across the Nation.

SIGNED KEPCO Energy Resource Nigeria Limited NG Power-HPS Limited New Electricity Distribution Company Limited

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THURSDAY AUGUST 7, 2025 • T H I S D AY

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PERSPECTIVE

THURSDAY, AUGUST 7, 2025 • THISDAY

Tinubu and Governance: What Really are the Gains?

By Eddy Odivwri

L

ike many other Nigerians, I have been on a, so-to-say, siddon look mode in the last two years plus, hoping and believing that the gestation period for the administration of President Bola Ahmed Tinubu will soon be over, so we can begin to, not only see, but also enjoy the much-talked about dividends of democracy. I have been waiting and it is clearly looking like I am waiting for Godot. A Godot who will never come. Samuel Beckett, an Irish playwright, in the work, Waitingfor Godot, had graphically painted the picture of the misery of mankind which essentially hangs on the expectation of a better life to be manifested by way of happiness, love, success, triumph, etc. That was what Godot represented in that work published in 1952. But all through the length of the play, that hope remained not only a mirage, but utopian. That explains why one or the most famous lines from that work is “the tears of the world are a constant quantity.

For each one who begins to weep somewhere another stops” As the famous musician , Elton John noted, time is slow and sluggish for those who are waiting. It is worse when they are idle. But time paces fast for those who are busy and happy. So, in Waiting for Godot, the people waiting for him to arrive were idle. It is twice torturous to be idle and be waiting for a helper who will never come. It multiplies the misery of the waiter(s).

This belief connects well with the declaration of Thomas Hardy, the author of The Mayor of Casterbridge who declared that, ‘happiness is an occasional episode in a general drama of pain” It didn’t take more than a year after President Tinubu assumed office that mischief makers tweaked his name to be T-Pain. It was not for nothing.

His economic policies were as choking as they were hurting.

It birthed the Ebin pawa mantra. It was not a gradual slide into hardship.

It was sudden and automatic. Even before he assumed office, right on the swearing-in ground where he declared, “subsidy is gone!”, the flakes of fire were released on Nigerians. Before the swearing-in ceremony ended, filling stations had adjusted their pump prices. And that was the beginning of the pain. Those who earn a living from pushing government propaganda have been singing the song of likening what Nigerians are going through to labour pain, stressing that it will be short-lived, after which mother and baby will be happy ever after. They forget to acknowledge that if the pain gets unbearable and mismanaged, the

President Bola Tinubu

pregnant mother could die. More than two years after, Nigerians are still in that labour room undergoing excruciating pain.

Before the advent of President Tinubu, Nigerians thought the administration of late President Muhammadu Buhari was pepperish and brutal. They didn’t know that Tinubu would make Buhari look like an angel. What Nigerians are currently going through resonates with that story in the Holy Book; where a king (Rehoboam) who succeeded his father declared to the people in a brash unmistakable terms that, “Whereas my father put a heavy yoke on you, I will add to your yoke, my father chastised you with whips, but I will chastise you with scorpions.” Let me stop there, but readers can check what happened to the Kingdom under King Rehoboam.

Again, government propagandists are loud in claiming that the economy is picking up. They claim that the signs of dawn are afoot. The duo of Yemi Cardoso and Wale Edun, the CBN Governor and Minister of Finance, respectively have been struggling to load Nigerians with some opaque statistics suggestive of an impactful economic policy by the Tinubu administration. What they do not tell Nigerians is that the “drugs” they are administering on the ailing Nigerian economy are likely to kill both the disease and the patient at the same time.

Were it not so, Nigerians will be seeing and experiencing the impact of a recovering economy. Even the least basics of life are yet tough. Very tough. With a bag of rice hovering around N80,000, a bag of cement over N10,000, grains at cut-throat prices, life is clearly turning nasty, short and

brutish for many Nigerians. Food and shelter (the twin focus of the defunct NPN-led government of the second republic) are still a huge challenge for the majority of Nigerians who are now said to be living in multi-dimensional poverty. Those currently serving in government do not and will not feel the pain because the state largely picks their bills.

So, for those who are keen on pushing government’s narrative, what are the indices of the gains we have had from the Tinubu administration?

In Education, yes, more schools are springing up. More private schools and even private universities are almost everywhere. Good as that seems, it is a proof that more and more people are losing faith in the public schools.

ASUU which had seemingly pressed the Pause button on frequent strikes, seems to be warming up for it again.

Yes, the student loan scheme seems to be running despite the initial scandal that greeted the disbursement of the loan by the Nigeria Education Loan Fund (NELFUND) where only N28.8 billion was disbursed out of the N100 billion released for the scheme. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) which promised a thorough investigation into the suspected fraud, is yet silent, four months after. In any case, what is the percentage of the beneficiaries of this loan compared to the number of students across board? For months, public schools were recently shut down in no other place but the Federal Capital Territory.

The health sector has remained as pathetic and sickly as a patient in coma. Just last week, the Nurses and midwives nationwide called off a three-day warning strike. Workers go on strike when all is not well.

It is bad enough that our leaders have no faith in the Nigerian health sector which is why they (including the sitting President Bola Tinubu) always seek medical refuge in foreign lands, yet it is doubly bad that Nigerians who cannot afford foreign medical trips cannot get good medical service here in Nigeria. If there is trust and belief in the Nigerian medical sector, let the leaders stop travelling abroad for medical services. In the last two years, what has changed in our experiences within the health sector?

Nothing, I dare say! It’s all motion, no movement.

Or shall we look at the Gbese depot which the Tinubu administration has landed us? At the end of June this year, Nigeria’s total debt profile rose to N149.39 tr ($97.24 billion). Two weeks ago, Mr President applied for another loan of $21.5 billion, which, as usual, the Senate approved with the ease with which a hot knife cuts through butter bulk. We don’t all have to be economists to know this is not healthy for an economy. Those who know better economic dynamics say many of these loans breach the Fiscal Responsibility Act (FRA) of 2007. I once had an in-law whose Unique Selling Point (USP) was that he is good at borrowing money from the banks. He understands the nuances and processes and thus became an expert in obtaining bank loans. As feared, he became reckless with the monies he borrowed, living large and swimming in the whirlpool of a parvenu. To cut the story short, he ended up in prison, where he did some years within the prison walls.

So back to Tinubu and Nigeria, what can we say we see being done with these huge loans? Just what? The FRA cited earlier requires that such foreign loans must be tied to infrastructure or human capital development. Beside the ill-conceived Lagos-Calabar coastal highway (billed to cost N15 trillion) what else is government doing with the loans? I don’t know of any highway in Nigeria that is smooth and safe.

The distance between Lagos and Benin-city which used to be covered in three or four hours, now takes as much as seven or eight hours.

The same ordeal is what travellers experience on the East-West road. The roads in the north are not better or safer. So which infrastructures are being developed? Even on the Lagos -Calabar highway project, to send a signal of activity and progress, the President hastily commissioned 30 kilometers out of the 700 kilometers of the project? Many Nigerians still do not understand the unholy haste that attended that “project commissioning”.

Continues online

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THISDAY • THURSDAY, AUGUST 7, 2025

FOCUS

Why Enugu State’s Smart Green Schools Matter

By Malachy Agbo

W

hen he founded the University of Nigeria, Nsukka, former President of Nigeria, Dr. Nnamdi Azikiwe gave the institution a simple but profound motto: “To restore the dignity of man”.

Since the premier indigenous university opened its doors to students in 1960, that vision has helped countless students successfully navigate a pathway in diverse sectors and professions. We can deduce in those immortal words, what the true essence of education should be, which is its capacity to transform societies – ensuring a dignified life for all.

Dr. Peter Ndubuisi Mbah, the governor of Enugu State, clearly understands this.

Through a clear-headed and innovative model, he is championing a revolution in the education industry in the state.

This painstaking model offers children an enduring platform to compete confidently with their peers across the globe in both character and learning.

From the inception of his administration, Dr. Mbah launched an ambitious initiative known as the Smart School Project across all 260 wards in Enugu State, aimed at revolutionizing the state’s educational landscape. The project includes the construction of modern buildings and seeks to integrate cutting-edge technology into classrooms, ensuring that students are equipped with the digital skills necessary for the modern world.

Governor Mbah has stated that the Smart Green Schools are designed to move beyond traditional ways of learning and prepare students for the future. He has also emphasized the importance of inclusivity, ensuring that education is accessible, fun, fair, and full of opportunity. The state government has allocated over 33 percent - a significant portion of its budget in two consecutive years to education to support this initiative.

By enhancing educational facilities with smart technologies, Governor Mbah aims to provide a more interactive and engaging learning environment that prepares students for future challenges and opportunities. This initiative underscores the state’s commitment to improving educational standards and accessibility through innovative solutions.

Each smart school will feature modern infrastructure, including solar power, internet connectivity, robotics and AI centres, and interactive digital whiteboards, ensuring students are well-equipped for the digital age.

Aligned with the United Nations Sustainable Development Goals (SDGs), the project also emphasises environmental sustainability. The smart schools will include solar power systems, medical clinics, and integrated smart farms to support experiential learning. These facilities will not only enhance the educational experience but also foster environmental stewardship among students.

In all the 260 political wards in the state, there is one smart school. For political wards with more than two autonomous

Green Smart School, Owo, Nkanu East LGA, Enugu State

Playing ground at Green Smart School, Owo.

communities, painstaking care was taken to ensure centrality. So, in choosing the site for the school, all stakeholders in every ward including the traditional rulers, town union presidents, councillor were consulted. Once a consensus regarding a particular site is reached, construction was then carried out.

In some locations where disputes over ownership of land arose, all such were resolved amicably before contractors were mobilised to the sites. So, it is inconceivable to find a ward in the state where the people would claim a smart school has been built at a distant location. In any case, pupils who may need to commute to schools due to the location of their homes would be transported, to and fro, free of charge in CNG-powered buses provided by the state government.

The construction of smart schools in the wards also came with it positive community impact and burgeoning economic activities, from the supply of skilled labour to the supply of building materials – some by the indigenes and residents – to local food vendors. They are all direct beneficiaries of the construction and will also benefit more on completion as each smart school will have paved access roads, off- grid electricity and round the season functional borehole.

Another social impact is the issue of out-of-school children in the state.

The schools are designed to address frontally the menace of out-of-school

children and child abuse. By the time all the schools take off as planned, in September, it will be difficult to find a child of school age roaming the streets during school hours. The reason is not far-fetched – it is criminal for parents to keep their children at home during school hours, or on the street soliciting alms or hawking. The school fees are free, free meal, free education materials, free school uniforms, free medical care etc.

Regarding claims that adequate preparation was not made to train teachers that will teach pupils at the Smart Schools, nothing can be farther from the truth. Enugu State Smart Green School system is designed to ensure that students do not graduate without the necessary practical skills; where children have to resort to cyber cafés to learn basic computer skills. The goal is to ensure that students who complete their education possess both theoretical knowledge and practical capabilities.

As part of the process to recruit teachers suitable for the smart schools in the state, a Computer-Based Test (CBT) assessment was conducted. The outcome reflected the strictness of the test. Out of 260,00 applicants, 17,000 participated in the CBT, and only 4,196 succeeded in the exam, which assessed basic education from Primary 1 to JSS 3. Eventually, only about 4,000 passed. Many failed not due to a lack of academic knowledge, but rather because they were unfamiliar

with operating a computer. In fact, 80 per cent of the participants had never even touched a mouse.

In the smart schools, technology is at the forefront of teaching and learning. If teachers are not proficient in computer literacy, they simply cannot function within the framework of the smart green school model. It is a practical impossibility.

Through this initiative, the Enugu State Government is taking substantial steps toward creating a generation of educators who are not just knowledgeable but are also adept in using technology, thereby laying a solid foundation for a brighter educational future. The state went a notch further to establish the Enugu State Center for Experiential Learning and Innovation (CELI), where teachers are trained on the 21st century rapid technology advancements.

To ensure that communities take ownership of the smart schools, the secretary to Enugu State Government (SSG), Prof. Chidiebere Onyia, led a delegation to all the 260 political wards in the state to interact with the stakeholders and other concerned people on the need to set up building committees in the area.

This creates the necessary guardrails, as these stakeholders help raise an alarm when contractors try to cut corners.

He did not stop there, he cascaded the engagement to the local government level with a meeting with critical stakeholders, on the need to participate actively in the construction and management of the school, and ensure they are well secured.

But despite such robust scrutiny, there has been some less-than-pleasant tales across the 260 different sites in the course of construction. A few contractors tried to cut corners. But the state government was ahead of such irresponsibility. It set up a robust monitoring team led by the SSG and other professionals in building construction space. That led to the conduct of integrity test in all the buildings and any one that was found wanting was either demolished completely or partially.

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T H I S D AY • THURSday, AUGUST 7, 2025

business/MOnEYGUIDE

RMRDC: Nigeria Must Reduce Industrial Raw Material Importation by 60% Dike Onwuamaeze The Director General of Raw Materials Research and Development Council (RMRDC), Professor Nnanyelugo M. IkeMuonso, has stated that Nigeria must reduce the importation of industrial raw material by 60 per cent in order to become an industrial powerhouse.

Ike-Muonso stated this in Lagos during the opening ceremony of “Nigeria Manufacturing and Equipment/ Nigerian Raw Materials (NME/ NIRAM) Expo 2025” with the theme, “Accelerating Sustainable Manufacturing Through Cutting-Edge Equipment and Technology Solutions.”

He said: “It is clear that to reposition Nigeria as an industrial powerhouse, we must reduce foreign raw material imports by at least 60 per cent in the next five years and significantly increase local resource utilization, incentivise value addition through technology adoption and tax

support; support the emergence of industrial hubs and clusters around strategic raw material zones; deepen research–industry collaboration for tailored innovation; facilitate technology transfer, infrastructure finance, and SME integration across the manufacturing spectrum.”

Ike-Muonso also said that the expo is one of such important moments where our collective vision for an industrialised Nigeria takes shape.

He said: “The NIRAM-NME Expo is not a typical bi-annual event. It is a strategic platform where Nigeria’s industrial future is debated, designed, and driven. It brings together policymakers, researchers, manufacturers, technology providers, financiers, innovators, and investors under one roof to showcase advances in local sourcing, beneficiation, and industrial utilisation of Nigerian raw materials; foster partnerships to reduce import dependence, boost domestic production, and stimulate

indigenous industrialization.”

Speaking in the same vein, the Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, reiterated the federal government’s disposition to ban importation of any product that could be produced at commercial quantity in Nigeria.

Nnaji said: “President Bola Ahmed Tinubu is very clear that importation of any product that is produced in this country at commercial rate would be banned automatically. Because of that we have in our ministry an agency called Presidential Executive Order Number 5, which ensures that as soon as there is production of any material that is being imported, we will ban its importation. “ The President of Manufacturers Association of Nigeria (MAN), Mr. Francis Meshioye, said that by embracing cuttingedge technology solutions, “we are accelerating innovation, resilience, and long-term value for our stakeholders.”

Ecobank Divests Stake in Mozambique to FDH Bank Kayode Tokede

Ecobank Transnational Incorporated (ETI), has announced an agreement to divest its stake in Ecobank Mozambique S.A.(EMZ) to FDH Bank Plc, a well-established financial institution listed on the Malawi Stock Exchange.

Company Secretary, Ecobank Transnational Incorporated, Madibinet Cisse in a statement on the Nigerian Exchange Limited (NGX), stated that the transaction represents a strategic change in ownership and operational management with no expected disruption to banking operations, assets

or employees.

According to him, EMZ is a licensed commercial bank in Mozambique, supervised and regulated by the Central Bank of Mozambique. EMZ has 4 branches located in the biggest cities of Mozambique.

“The bank has been operating in Mozambique since 2000, when it was incorporated as Novo Banco SARL, before changing its name in 2014 to Ecobank Mozambique SA, following an acquisition by ETI. “FDH Bank is listed on the Malawi Stock Exchange.

The Bank provides superior digital banking, personal and

business banking, corporate and institutional banking, treasury and investment banking, global markets and trade finance, as well as corporate advisory services.

“The acquisition will be fully financed from FDH Bank Plc’s retained earnings,” the statement added.

The Chief Executive Officer, Ecobank Group, Mr. Jeremy Awori in a statement said, “This strategc decision aligns with our commitment to Ecobank’s Growth, Transformation, and Returns strategy, ensuring we remain a competitive and meaningful player across the markets in which we operate.

ipNX Wins Top Honours Awards at Titans of Tech 2025 The Group Managing Director of ipNX Nigeria, Ejovi Aror, has been honoured with the Lifetime Achievement Award at the 21st edition of the Titans of Tech Awards, held recently in Lagos.

The accolade recognises his pioneering contributions to the development of indigenous telecommunications infrastructure and broadband adoption across Nigeria, the country’s digital revolution and his instrumental role in transforming ipNX into one of the country’s most respected ICT companies.

In his acceptance remarks, Oluboyo thanked the organisers and emphasised that the award represented more than just Ejovi’s personal journey. “It reflects the collective effort of many who have shared in our vision for a digitally empowered Nigeria, especially the remarkable team at ipNX. Connectivity is a gateway to endless possibilities, to education, to innovation, to prosperity and that belief continues to guide everything that we do,” he said.

Ejovi Aror ’s recognition underscores an exceptional

career that spans more than three decades in Nigeria’s ICT sector.

Accepting the award on behalf of the company, Deputy Director, Strategic Business Initiatives at ipNX, Segun Okuneye, said: “We are honoured and excited to receive this recognition.

It’s a powerful testament to the creativity, resilience, and commitment of our entire team. Every day, we are driven by a shared vision to shape the future — today — by delivering transformative technology solutions that empower individuals and businesses across Africa.”

Konga Launches Back-to-School Campaign across Educational Categories Nigeria’s leading e-commerce platform, Konga, has announced the launch of its Back-to-School Campaign, which commenced August 1st and will run through August 31st.

The nationwide campaign is strategically designed to support students, parents, teachers, and educational institutions with mouthwatering deals, as they prepare for the new academic session.

According to sources at Konga, this year’s campaign kicks off earlier than usual, enabling customers to capital-

ise on substantial early bird discounts ahead of the peak shopping periods. The timing offers families and educational institutions the opportunity to stock up on essential academic supplies such as backpacks, stationery, laptops, learning aids, dorm essentials, and other tech gadgets at unbeatable prices, all white avoiding the last-minute scramble.

The campaign leverages partnerships with global brands to deliver exceptional value propositions across diverse product categories.

Commenting on the cam-

paign launch, Head, Konga Corporate, Adaobi Ebosie, said: Our Back-to- School campaign reflects Konga’s ongoing commitment to supporting Nigeria’s education sector with deals for everyone.

Through affordable pricing and a wide range of product offerings, we’re ensuring that students, parents, and educators can access quality educational materials. By launching early and working with global partners, we’re making these resources more accessible than ever before.”

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) Month

NOVEMBER

Money Supply (M3)

108,966,480.44

-- CBN Bills Held by Money Holding Sectors

19,796.18

Money Supply (M2)

108,946,684.26 72,672,756.90

-- Narrow Money (M1)

36,273,927.36

---- Currency Outside Banks

4,652,527.74

---- Demand Deposits

31,621,399.62

Net Foreign Assets (NFA)

17,347,112.78

Net Domestic Assets(NDA)

91,619,367.66

-- Net Domestic Credit (NDC)

115,576,757.67

---- Credit to Government (Net)

39,616,629.91

---- Memo: Credit to Govt. (Net) less FMA

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

75,960,127.77

--Other Assets Net

12,147,461.96

Reserve Money (Base Money)

30,871,571.25

--Currency in Circulation

4,878,125.22

--Banks Reserves

25,993,446.02

--Special Intervention Reserves

278,860.37 • Source - CBN

Money Market Indicators (in Percentage) Month

November

Inter-Bank Call Rate

28.88

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

27.50

Treasury Bill Rate

18.00

Savings Deposit Rate

6.56

1 Month Deposit Rate

8.48

3 Months Deposit Rate

9.53

6 Months Deposit Rate

12.13

12 Months Deposit Rate

14.22

Prime Lending rate

18.39

Maximum Lending Rate

31.06

NSE CAP

NSE MARKET INDEX % Change

0.75%(52%YoY)

• Monetary Policy Rate - 27.50%

OPEC DAILY BASKET PRICE As At 6TH JANUARY , 2025

The price of OPEC basket of twelve crudes stood at $76.18 a barrel on Monday, compared with $75.89 the previous Friday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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T H I S D AY • THURSday, AUGUST 7, 2025

mARKET NEWS

Stock Market Hits N92trn on Demand for BUA Cement, Others Kayode Tokede

As a results of 25 consecutive trading session gains, the Nigerian stock market yesterday crossed the N92 trillion by market capitlisation on investors demand for BUA Foods Plc, annd 52 others.

The stock market positive momentum underscores growing optimism around the resilience of market fundamentals and corporate

earnings potential of listed companies.

As a result of 7.3 per cent increase in BUA Cement , the Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 1,017.49 basis points or 0.70 per cent, to close at 145,813.86 basis points, with the Month-to-Date and Yearto-Date returns settled higher at +4.3per cent and +41.7per cent, respectively.

Consequently, the market

P R I C E S MaiN Board

F O R DEALS

capitalisation value gained N644 billion to close at N92.252 trillion.

Sectoral performance was mixed as the NGX Insurance index (+9.9per cent), NGX Industrial Goods index (+2.9per cent), and NGX Oil & Gas index (+one per cent) closed higher, while the NGX Consumer Goods index (-0.4per cent) and NGX Banking index (-0.4per cent) declined.

S E C U R I T I E S Market Price

quantity traded

Investor sentiment remained broadly upbeat, with market breadth closed positive as 53 stocks recorded gains, while 26 posted losses.

Meyer, Guinness Nigeria, Learn Africa, AXA Mansard Insurance, Mutual Benefits Assurance, NEM Insurance, SCOA Nigeria, Jaiz Bank and Haldane McCall recorded the highest price gain of 10 per cent each to close at N18.15, N128.75, N6.27,

T R A D E D

value traded ( N )

MaiN Board

A S O F

N12.10, N2.42, N29.70, N5.50, N4.73 and N4.84 in that order, per share.

Consolidated Hallmark Holdings, Sterling Financial Holdings Company and C&I Leasing followed with a gain of 9.97 per cent each to close at N4.08, N8.16 and N7.61 respectively, while Cornerstone Insurance and Custodian Investment rose by 9.96 per cent each to close at N5.30 and 43.05 respectively, per share.

On the other hand, UACN and Nigerian Exchange Group led the losers’ chart by 10 per cent each to close at N90.00 and N63.00 respectively, while Living Trust Mortgage Bank followed with a decline of 9.93 per cent to close at N5.35, per share.

Multiverse Mining & Exploration shed 9.68 per cent to close at N9.80, while RT Briscoe (Nigeria) lost 9.09 per cent to close at N3.50, per share.

AU G U ST / 6 / 2 5 DEALS

Market Price

quantity traded

value traded ( N)

38

GamingWeek

T H I S D AY • Thursday, August 7, 2025

Edited by Nseobong Okon-Ekong | gamingweek1117@gmail.com | Tel: 08114495324

Enugu Gaming Conference Highlights Critical Turning Point in Nigerian Gaming Industry TR

UTH

& R E ASO

N

Nseobong Okon-Ekong reports that the second edition of Enugu Gaming Conference focused on shifting tides in regulatory architecture, where the long-standing centralised model is giving way to a new decentralised reality in which sub-national regulators are taking their rightful place in shaping the rules and defining the boundaries

A

powerful coalition of regulators, operators, technologists, activists, entrepreneurs, and investors in Nigeria’s gaming industry recently convened for two days at the second edition of the Enugu Gaming Conference, held at the International Conference Centre in Enugu, under the banner ‘From Unification to Diversification – Shaping Nigeria’s Gaming Future’.

In the wake of a landmark 2024 Supreme Court ruling that affirmed gaming as a residual matter under state authority, Nigeria’s gaming regulatory terrain is shifting decisively from central control to localised governance. The conference theme captured this transition—moving from a once‑unified, federal framework to a diversified, decentralised structure where each state can chart its own path.

Partnering with the Nigeria Data Protection Commission (NDPC), the conference, which closed with a colourful and entertaining gala, dinner, and awards night held between July 30 and 31, featured a couple of keynote addresses and panel sessions where speakers shared their wealth of knowledge on critical issues challenging the Nigerian gaming landscape.

NDPC’s National Commissioner/CEO, Dr. Vincent Olatunji’s address on Privacy, Compliance and the Future of Gaming: Building Unity in a Decentralised Regulatory Era was delivered on his behalf by Alexander Onwe.

Acknowledging the theme of the conference as timely and one that recognises the increasingly decentralised nature of gaming regulation, he emphasised the shared responsibility in building a trustworthy, safe, and compliant digital gaming ecosystem.

“Gaming is no longer confined to physical spaces.

It is driven by real-time analytics, targeted advertising, algorithmic profiling, and digital transactions, all of which rely on personal data,” said Olatunji.

“Whether it is a young user registering on a mobile app, a gamer syncing across platforms, or a lottery

L-R: Prof. Didacus Ezeh, Prince Arinze Arum and Ejiofor Agada L-R: Shedrack Chukwu, Arinze Arum, Fisayo Oke and Peace Nwankpa

Gossy Ukanwoke, MD/CEO of Betking

Team from Power Lotto winner of Emerging Lotto Brand of the Year Award operator engaging in behavioural marketing, data is the backbone of engagement and revenue.”

The Enugu Gaming Conference 2025 elevated the

World Mega Travel’s Lottery Offers International Trips to Nigerians

L-R: Brand influencer, Johnbosco Chisom Igwilo; CEO of World Mega Travel, Chioma Nkeiruka-Ani Obinna; Brand influencer, Sunshine Esther Paul and CEO of TLIG Global Media and Project Manager for Mega Travel, Mr. Kehinde Olagbenjo, during a press conference held recently in Lagos to officially introduce World Mega Travel and its innovative weekly Reward Schemes to the public their final stay, global citizens, and those who want Mary Nnah to travel but lack the means. “We want everybody World Mega Travel’s lottery scheme has continued to know that travel is not only for the rich,” she to make a significant impact, offering Nigerians life- emphasised. The initiative aims to bridge the travel changing travel opportunities and exciting rewards. gap by providing opportunities for Nigerians to The company’s CEO, Chioma Nkeiruka-Ani Obinna, build their travel history, benefiting those seeking announced that 19 people travelled to South Africa to study or relocate abroad.

Obinna noted, “We have brilliant children in last year, with additional trips planned for this year.

A press conference was held recently in Lagos to officially Nigeria with low backgrounds who are supposed introduce World Mega Travel and its innovative weekly to study abroad for a better future, but nobody cares Reward Schemes to the public. This launch marks a new or caters for them. So, this project is also for them.” chapter in the company’s mission to make international The initiative has been met with excitement, with travel and exciting rewards more accessible to Nigerians. popular influencers and content creators lending their At the heart of the initiative is a simple, secure, and voices to the movement.”

As World Mega Travel expands, its impact on the transparent raffle ticket system, where participants can purchase tickets for N1,000, N3,000, or N5,000, and enter lives of Nigerians will unfold. With popular influencers into a weekly live draw. The prizes are tantalising, supporting the movement, the company’s future with one winner selected every Saturday to receive an looks promising. Obinna reiterated that “travel is all-expense-paid international trip. In contrast, others not only for the rich,” emphasising the initiative’s can win free international passports, instant cash gifts, potential to change lives. home appliances, and packages of food and groceries.

The story continues online on According to Obinna, the company targets three www.thisdaylive.com categories of people: those who believe Nigeria is

Alexander Onwe of NDPC (left) with Prince Arinze Arum, Executive Secretary/CEO, Enugu State Gaming Commission

Nseobong Okon-Ekong with the trophy for Gaming Media Platform of the Year awarded to THISDAY GAMINGWEEK

role of data protection and cybersecurity in gaming. A of diversification, he said, demands an effort to dedicated NDPC session addressed compliance with tailor that framework to local realities, economic the Nigeria Data Protection Act, offering operators priorities, and constitutional responsibilities. and regulators expert guidance on breach reporting, Conference sessions stressed the importance of audits, and risk management. This collaboration homegrown game development, urging creative reflects increasing awareness that trust and data Nigerian studios and startups to tell locally relevant responsibility must underpin the sector’s growth. stories. Arum presented Enugu as an emerging hub Enugu State Governor Peter Mbah, represented for regulated, tech-enabled gaming innovation. by the Commissioner for Finance and Economic A flagship initiative, the ‘Rangers Dream Big Development, Dr. Nathaniel Urama, emphasised the Raffle’, linked gaming with sports development and potential of regulatory decentralisation coupled with community investment. Developed in partnership technological innovation to unlock economic value. with Rangers International FC and PMM Limited, the He highlighted Enugu’s efforts in rolling out digital raffle provides fans and investors with an opportunity tools such as automated license verification portals, to support infrastructure and youth development, which have reduced fraud, increased efficiency, and showcasing how gamification can serve social causes. expanded regulatory oversight across the state.

This presentation was carried out by Mr. Ejiofor Agada, The governor commended the Enugu State Gaming Lead Consultant to the ESGC. Commission (ESGC) for being at the forefront of The story continues online on regulatory excellence and for its work aimed at www.thisdaylive.com harmonising gaming with regulation to drive job creation and overall economic growth. He said the government was ready to roll out a statewide TEAM mapping using GPS. According to him, this strengthens the campaign against underage gambling, reduces Nseobong Okon-Ekong manual interference and fraud, while identifying gamingweek1117@gmail.com | 08114495324 unlicensed operators.

Explaining why the ESGC holds an annual Iyke Bede conference, its Executive Secretary/CEO, Prince ikennabede@gmail.com | 0703 044 7714 Arinze Arum, inferred that the Nigerian gaming industry is at a critical juncture.

Akeem Lasisi “The conversations,” in his estimation, “are lasaisai@yahoo.com | 08023687884 no longer just about enforcement or revenue generation. They are now about jurisdiction, Vanessa Obioha innovation, technology, cross-border collaboration, vaysylver@gmail.com | 08069838305 and most importantly -structure.” Tracing landmark developments in the Nigerian gaming landscape, Davidson Abraham Arum identified the era of unification, which davisiano.adm@gmail.com | +971 56 744 6013 brought a framework with it. The current reality

GAMINGWEEK

ADVISORY: +18 PERSONS UNDER 18 MUST NOT PARTICIPATE IN BETTING, GAMING OR LOTTERY ACTIVITY

39

THISDAY • THURSDAY, AUGUST 7, 2025

thirty-nine

Two Ghana Ministers, Six Others Killed in Helicopter Crash

Emmanuel Addeh in Abuja him Murtala Muhammed and others were killed was Ghana’s Defence Minister, a national tragedy.

“The president and Edward Omane Boamah, yesterday died in a military government extend our helicopter crash, along condolences and sympathies with four other officials to the families of our comand three airforce crew, rades and the servicemen who died in service to the the government said.

President John Mahama’s country,” Debrah said.

THISDAY learnt that Chief of Staff, Julius Debrah, told a press conference that aside from Boamah, the the crash in which Boamah, Minister for Defence and Environment, Science and Mohammed, Minister for Technology Minister Ibra- Environment, the names of

other victims were listed as: ⁠Alhaji Muniru Mohammed - Acting Deputy National Security Coordinator; Dr Samuel Sarpong - Vice Chairman, National Democratic Congress (NDC); Mr Samuel Aboagye, former parliamentary candidate.

Squadron leader Peter; Flying Officer Twum Ampadu and Sergeant Ernest Addo.

Authorities did not immediately give an explanation for what might have

caused the crash. Earlier Ghana’s armed forces said radar contact had been lost with a Z9 airforce helicopter.

Boamah, a former communications minister, was tapped to serve as defence minister in January after Mahama returned to power.

His replacement will take on a complex security file that includes both external and internal threats, a Reuters report said.

Like other coastal West

African countries, Ghana faces threats from Islamist groups active in the Sahel that have tried to push south from landlocked Burkina Faso and Mali where they stage frequent deadly attacks.

A spokesperson for Mahama said last month that Ghana had deployed Late Edward Boamah more soldiers to a northeastern region where a recent violence, including long-running conflict over attacks on schools, Reuters chieftaincy has fuelled added.

Shettima: We Are Investing in MSME to Create Jobs, Reduce Poverty, Increase GDP move that aligned growth with genuine grassroots development across the country.

Shettima emphasised that the clinics were designed to take government agencies closer to the people, eliminate bottlenecks in business registration and regulation, and provide real-time support to entrepreneurs.

He said the goal was to ensure that every Nigerian, regardless of location, had access to the tools and opportunities needed to build and grow sustainable business

While commending the Ondo State government for hosting the seventh edition of the MSME clinics, Shettima charged the participants to take advantage of the initiative to grow their business.

In his address, Ayadatiwa, said the MSME clinics was a timely intervention that aligned with the state’s efforts to promote entrepreneurship and sustainable growth.

He stated that small businesses were the heartbeat of the country and any initiative to support them deserved commendation and active participation from all

continued support for small environment and supporting businesses through the MSMEs. Oyebanji told the vice MSME clinics initiative.

He said the initiative was a president, “Your Excellency, I landmark move that aligned am going to start on the note with genuine grassroots of appreciation to the federal development across the government for this initiative.

Last year, we were in Ekiti country.

The governor said the State and since that day, it initiative reflected President has not remained the same Bola Tinubu’s understanding and I know that Ondo State of the role MSME played in also will experience same.

“Without mincing words, job creation, poverty reduction, and industrialisation. this is the first attempt by any While commending the government to align growth Office of the Vice President with development. Most of for sustaining the MSME the time in this country what Clinics, Oyebanji said it we use to have are good was the first attempt by any micro economic indices, government to deliberately GDP that speaks to growth align growth with develop- without development.

Tinubu: Doyin Abiola Was Icon of Nigerian Journalism, Amazon, Soldier of Democracy “But since President Bola scribed the first female editor “Her immense con- husband, was annulled, she a Nigerian national daily. ment.

Ahmed Tinubu came on He expressed optimism of a national newspaper tributions to journalism did not stand aside. Despite Sanwo-Olu said her death board with MSME Clinics, that the initiative would in Nigeria as an epitome and gender equity laid a the military junta shutting was a great loss to journalism of integrity, tenacity, hard foundation for generations of down the Concord Group, and the media industry in have a far-reaching impact there has being deliberate on the Nigerian economy attempt to align growth with work, and commitment women. Her impact on our she also joined the fray, Nigeria. democracy was even more demanding the validation to excellence.

The governor stated, by unlocking the potential development and we are Similarly, Lagos State Gov- profound. Doyin embodied of the election. She was a “Dr. Doyin Abiola etched of small businesses and em- extremely thankful to the ernor, Babajide Sanwo-Olu; integrity, tenacity, hard work, soldier of democracy in her her name in gold in the powering local entrepreneurs, Federal Government.”

In another develophis Ogun State counterpart, commitment to excellence own right. media industry as the first adding that his government Dapo Abiodun; Minister of and dedication to public “Nigerians will never Nigerian woman to be an remains fully committed to ment, Oyebanji reiterated Solid Minerals Development, good and democratic good forget Doyin Abiola’s editor and managing editor creating a business-friendly Continued on page 43 Dele Alake; the leaderships governance.” leadership during her il- of a national daily. of Newspaper Proprietors’ Tinubu said further of lustrious journalism career, “She was a role model to Association of Nigeria the deceased, “In 1980, her championing women’s many journalists in Nigeria, NUPRC Publishes Concession Status of (NPAN); and Nigerian she emerged as the pioneer empowerment, and her having nurtured and given 243 Oil Blocks, Says No Asset Abandoned Guild of Editors (NGE) Editor of National Concord, commitment to democracy. opportunities to many media basins, quoting data from 2021 which empowers the “I commiserate with the practitioners who have the NUPRC. grieved with the family of owned by the late MKO commission to conduct the deceased.

Abiola. She later became Abiola and Aboaba families, become leading voices in the It alleged that the deep periodic licensing rounds Tinubu, in an emotional the managing director and her only daughter, Doyinsola, journalism profession and offshore terrain accounts and grant Petroleum Prostribute, stated, “I received editor-in-chief of all the and the government and leaders in different sectors. for the highest number pecting Licence (PPL) and with deep sadness the news Concord titles, including people of Lagos and Ogun “Dr. Doyin Abiola made of unlicensed blocks Petroleum Mining Leases early on Wednesday of the founding the Weekend States. May her soul rest in lots of positive impacts dur- at 59, highlighting the (PMLs) to prospective passing of Dr. Doyinsola Concord, which set new peace. May this nation be ing her lifetime, contributing country’s underexploited investors.

Hamidat Abiola, a trailblaz- standards for making people blessed with more women meaningfully to the growth energy wealth in its most The commission further ing journalist, editor, and the focus of reporting. of Doyin Abiola’s calibre and and development of journal- technically advanced but stated that the 220 oil blocks former Managing Director of would be handed to conces“I had a good relation- pedigree.” capital-intensive region. ism in Nigeria. the defunct Concord Group ship with the late Doyin, The Benue Trough, it said, sionaires after periodic bid “She was a supportive of newspapers and wife of which stemmed from my Babajide Sanwo-Olu wife to late Chief MKO has 41 open blocks, while rounds and conditions had the late Bashorun MKO close relationship with Lagos State Governor, Mr. Abiola and also contributed the Chad Basin hosts 40, been met. the late MKO Abiola. As Babajide Sanwo-Olu, in a positively to nation building, even as the Sokoto Basin has Abiola.

The Gbenga Komolafe-led “Doyin Abiola, 82, was MKO’s wife, Doyin became statement by his Special especially on gender-related 28 blocks yet to be awarded, upstream regulator said a an amazon and an icon in acquainted with politics Adviser on Media and issues. and the Bida Basin has 16. trending report on the soNigerian journalism. She and took a keen interest Publicity, Mr. Gboyega Besides, it stated that called abandoned oil blocks “I pray that God will grant stayed in the journalism in it, particularly when her Akosile, described the late the soul of our beloved offshore Niger Delta still was a misinterpretation of course since starting as a husband ran for the country’s Mrs. Abiola as an amazon Dr. Doyin Abiola eternal holds seven open blocks, the information that it had reporter with the defunct presidency in 1993. rest and comfort the im- while Anambra Basin has put up on its website. in the media industry.

“She played a prominent Daily Sketch after graduatWhile urging the media Sanwo-Olu,said Dr Abiola, mediate family, friends and 13 open blocks, while eight ing from the University of role in MKO’s election, during her lifetime, especially colleagues of the deceased each remain unlicensed in to be circumspect in its Ibadan in 1969, majoring in mobilising and providing at a younger age, contributed with the fortitude to bear the Benin Basin and the reportage and prioritise English and Drama. direction for the media her quota to the growth and the irreplaceable loss.” national interest, the uponshore Niger Delta.

“She broke the gender under her control.”

But the commission stream regulator advised development of journalism in barrier, becoming the first The president said about Nigeria as a reporter, features Dapo Abiodun clarified that 220 oil blocks members of the public to woman to edit a national the late Mrs. Abiola’s com- writer, group features ediOgun State Governor, were not abandoned but visit its website https:// newspaper and the first mitment to the June 12 tor, and the first Nigerian Dapo Abiodun, expressed simply awaiting concessions www.nuprc.gov.ng/ for Managing Director of a struggle, “And when the woman to be an editor in line with Section 7(t) of accurate information on Continued on page 44 the Petroleum Industry Act its activities.

June 12 election, won by her and Managing Director of daily newspaper. was part of President Bola Tinubu’s Renewed Hope Agenda aimed at unlocking the potential of Nigeria’s small business sector.

Ondo State Governor, Dr. Lucky Ayadatiwa, described the MSME clinics as a timely intervention that aligned with the state’s efforts to promote entrepreneurship and sustainable growth.

In a similar vein, Ekiti State Governor, Mr. Biodun Oyebanji, commended the federal government for its continued support for the MSME clinics initiative, describing it as a landmark

stakeholders.

While expressing his delight that Ondo State was chosen to host the seventh edition of the Expanded MSME Clinics, Aiyedatiwa said it was a clear demonstration of the federal government’s inclusive approach to governance.

He assured the participants that his government was committed to removing barriers to business growth through improved infrastructure, policy reforms, and access to credit facilities.

Oyebanji commended the federal government for its

40

THURSDAY, AUGUST 7, 2025 • THISDAY

NEWS

DAY-TWO MAN AND EQUIPMENT NIGERIAN RAW MATERIALS EXPO...

L-R: Director General, Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi-Kadir; Regional Director, UNIDO, Mr. Philbert Abaka Johnson; CEO, NOXIE Limited, Mrs. Ngozi Oyewole; Minister of State for Industry/Special Guest of Honour, Mr. John Owan Enoh; President, MAN, Mr. Francis Meshioye; MD/CEO, SecureID, Mrs. Kofo Akinkugbe; and Director-General/Chief Executive Officer, Raw Materials Research and Development Council, Mr. Nnanyelugo Ike-Muonso, at the second-day ongoing Nigeria Manufacturing and Equipment/Nigerian Raw Materials Expo 2025, held in Lagos, yesterday PHOTO: SUNDAY ADIGUN

In Major Breakthrough, DSS Captures Most Wanted Mahmuda Terror Group’s Leader

Emmanuel Addeh in Abuja

Residents of communities in Kwara and Niger States, bordering Benin Republic are jubilating following the capture of Abubakar Mahmuda, leader of Mahmuda, currently one of the most feared terror groups in Nigeria, THISDAY learnt yesterday.

Although, no security agency was willing to speak

on the matter, some villagers in remote Baruten Local Government Area of Kwara State, whose communities had suffered the most attacks in the hands of the Mahmuda terrorists, noted that the socalled leader was believed to have disappeared at the weekend.

The villagers confirmed that none of Mahmuda’s commanders had been

able to explain his sudden disappearance, giving rise to speculations that he was picked up by Nigeria’s security forces.

Speculations were rife among the villagers last night that the Department of State Services (DSS) may have covertly trailed and captured Mahmuda as he visited one of his numerous witchdoctors.

After capturing Mahmuda alive, claimed the villagers, the DSS officers moved him to a secret location. This, they said, explained Mahmuda’s puzzling disappearance which has thrown his camp into disarray.

As expected, the new DSS leadership, which has consistently pledged to return the Service to covertness, has kept sealed lips over

FAAN: KWAM 1 Tried to Board ValueJet with Alcohol, Exhibited Unruly Behavior NCAA suspends pilots

Chinedu Eze in Lagos and Kasim Sumaina in Abuja

The Federal Airports Authority of Nigeria (FAAN) yesterday addressed the incident at the domestic terminal of the Nnamdi Azikiwe International Airport, Abuja, that involved King Wasiu Ayinde Marshal (also known as KWAM 1), and a pilot of ValueJet Airlines.

Preliminary investigations according to FAAN confirmed that the passenger

was scheduled to board the morning flight to Lagos operated by ValueJet Airlines (Flight VK 201).

During boarding, FAAN, in a statement, revealed that the passenger attempted to carry an unidentified liquid substance on board despite repeated warnings from Aviation Security (AVSEC) personnel and the flight captain.

It noted: “In accordance with international aviation security standards—specifically, Nigeria’s National

Civil Aviation Security Programme (NCASP) and ICAO Annex 17—liquids exceeding 100ml are not permitted through security screening unless medically necessary and properly declared. The passenger was informed of this regulation but reportedly declined to comply.”

FAAN, through the investigations further explained: “As boarding continued, an airline security officer asked the passenger to step aside for

further clarification.

“The passenger allegedly refused and spilled the contents of the flask on the officer, which turned out to be alcohol. The flight captain intervened but faced similar resistance.

After confirming that boarding was complete, she instructed the closure of the aircraft door.

Mahmuda’s whereabouts, neither confirming nor denying the development.

A local chief in one Baruten village, speaking in Hausa, said the villagers strongly believed that only the DSS had the capacity to capture Mahmuda in such manner.

Speaking in Hausa, the source said: “We are happy with what the DSS has done for us and with such covertness. These terrorists have been a source of headache in our communities.

“We are thankful to President Bola Tinubu for responding to our cries for help.”

On his part, leader of a famous cattle market in the area, also speaking in Hausa, expressed the hope that Mahmuda’s speculated capture by the DSS would restore peace to the traumatized villagers.

He said: “We thank the Almighty God for this great victory. We used to live great fear. Happily, we would no longer live in fear, thanks to President Bola Tinubu.”

Mahmuda, a breakaway faction of Boko Haram, is believed to have links with terror groups in Mali and Niger Republic.

It was learnt that it migrated to Niger State over five years ago after dislodging guards at the Kainji Lake National Park (KLNP), an area with a land mass of more than 5,300 square kilometres, more than the size of Anambra State.

Lately, Mahmuda terrorists had been kidnapping and killing scores of villagers and sacking entire communities in Kwara and Niger States. The now captured leader would often send voice notes in Hausa to whole communities, demanding huge levies in exchange for protection, it was gathered.

Independent security sources disclosed that the 33-year-old husband of two wives is Hausa, from Daura, Katsina State, and, used to sell audio and video tapes of notable Islamic preachers, including Boko Haram founder, Mohammed Yusuf.

INEC: Nine Political Parties to Participate in Aug 16 National Assembly Bye-election in Edo

Emenyonu in Benin and deputy governor of the Peoples Party (APP), Action State in the September 2024 Democratic Party (ADP), City Gov Okpebholo Bans Transport Unions, Adibe New Nigeria Peoples Party governorship election.

The Edo State INEC (NNPP), Peoples Democratic The Independent NaOther from Revenue Collections in Edo tional Electoral Commission Resident Electoral Com- Party (PDP) and Zenith Adibe Emenyonu in Benin City

Governor Monday Okpebholo of Edo State has banned all transport unions from collecting revenues on behalf of government.

Those whose activities were specifically banned are the National Union of Road Transport Workers

(NURTW), Road Transport Employers Association of Nigeria (RTEAN), ANNEWAT, and Drivers on Wheel.

Governor Monday Okpebholo had observed the alarming resurgence of illegal revenue collection by certain unions and organizations under various guises across the State.

It had become clear that some of these groups, previously given limited authorization to collaborate with the Edo State Internal Revenue Service (EIRS) under clearly defined terms, have grossly violated the conditions of their engagement and resorted to cash collections, extortions, social harassment and intimidation.

(INEC), has said nine political parties would be participating in the August 16, 2025 bye-election for the Edo Central Senatorial and Ovia Federal Constituency seats in Edo State The two seats became vacant after the previous occupiers, Senator Monday Okpebholo and Hon. Dennis Idahosa emerged governor

missioner, Prof. Anugbum Onuoha, who disclosed this to journalists in Benin City on Wednesday, said the parties include, Action Alliance (AA), African Democratic Congress (ADC) and All Progressives Congress (APC).

Others parties according to him are: Allied Peoples Movement (APM), Action

Labour Party (ZLP).

Prof. Onuoha stated that 14 political parties had indicated interest to contest the poll, but only the affirmed nine parties invited INEC to monitor their primary election.

The INEC REC stated: “From our records, Labour Party and others didn’t invite us for their primaries.

41

THISDAY • THURSDAY, AUGUST 7, 2025

NEWS

ART ACTING OVA YAP...

L-R: Cap’n of National Association of Seadogs (NAS), Dr Joseph Oteri; Member Board of Trustees, Elder Tim Akpareva; and former Group Managing Director of Unity Bank, Mr Henri Semenitari, presenting a memento to chief executive of the association at the opening of the Art Ova Yap exhibition of the Pyrates Confraternity held recently at Full Moon Hotel, in Owerri, the capital city of Imo State as part of the 49th annual convention of the association.

Underage Admissions: JAMB Rolls Out Stringent Measures for Candidates’ Screening Outlaws combination of results from different exam bodies As four institutions reject underage candidates

Kuni Tyessi in Abuja

The Joint Admissions and Matriculation Board, JAMB, has rolled out stringent procedures for screening of exceptional Unified Tertiary Matriculation Examination, UTME, candidates, who are still under the age of 16 years for admission into Nigerian universities in the 2025/2026 academic session.

It says under-16 candidates must meet three academic criteria, namely: a minimum UTME score of 320 out of 400 (80%), a post-UTME score of at least 80%, and a minimum of 80% in a single sitting of WAEC or NECO, amounting to 24 points out of 30.

It has also outlawed the combination of results from two different exam bodies such as mixing WAEC and NECO results for such

category of candidates, adding that science students must include mathematics in their top subjects, while arts students must include English.

JAMB Registrar, Prof.

Ishaq Oloyede, who rolled out the measures during a virtual meeting with vice chancellors and heads of admissions on Wednesday in Abuja, said the Board would no longer tolerate the “academic abuse” of pushing psychologically and emotionally unprepared children into the rigours of university life.

The move follows a government policy, which pegged the official minimum age for admission into tertiary institutions at 16 years, with exceptions for high performing candidates under 16.

Minister of Education,

Dr. Tunji Alausa, who presented the policy at the 2025 policy meeting of JAMB, said it aims to balance cognitive maturity and academic preparedness, and curb the growing trend of underage candidates in Nigerian universities.

The proposed Nigerian Coast Guard has condemned the recent arrest of its members in Akwa Ibom State, describing the action as a violation of the rights of the individuals.

Nigerian Navy Ship (NNS) Jubilee at Ikot Abasi Local Government Area of Akwa Ibom State, arrested nine suspects over allegations of carrying out illegal maritime activities in the state.

It lamented the action of

the Nigerian Navy, saying it was not only unlawful but also counterproductive to the efforts of the government to improve security around the waterways.

In a petition to the Director, Navy Affairs Department, Federal Ministry of Defence, Ship House Olusegun Obasanjo Way, and signed

by Capt. O.E. Adeniran, the Coast Guard noted that the establishment bill of the Nigerian Coast Guard has passed second reading in

“We are not saying no child under 16 will be admitted, but they must pass through a rigorous screening process that confirms they are truly gifted. This policy is not just about age; it’s about maturity, capacity, and long-term wellbeing,”

he said.

He urged relevant institutions to assess all under-16 candidates through a dedicated post-UTME, even if the school has suspended such a process for the general admission population.

IPAC Rejects Proposed August 30 Rivers Council Polls Urges all political parties to desist from participation Says sole administrator has no constitutional right to conduct elections

Emmanuel Addeh in Abuja

government elections fixed for August 30.

In a letter seen by THISThe Inter-Party Advisory Council of Nigeria (IPAC), DAY, signed by the National the umbrella body of all Chairman of the organisaregistered political parties tion, Dr. Yusuf Dantalle and in Nigeria, has written to National Secretary, Maxwell the Chairman of the Rivers Mgbudem, IPAC maintained State Independent Electoral that if conducted at this Commission (RSIEC), re- time, the process will make jecting the proposed local a caricature of Nigeria’s constitutional democracy and its institutions.

Describing the proposed local government and councillor polls as illegal

Nigerian Coast Guard Petitions, Condemns Arrest of Members By Nigerian Navy Emma Okonji

While reaffirming 16 years as the minimum entry age for tertiary education, Oloyede on Wednesday said underage candidates would only be considered on clearly proven grounds of exceptional academic brilliance.

the Senate and is awaiting third reading, which is the final process.

In the petition copied to the Federal Ministry of Marine and Blue Economy, Chief of Defence Staff; Chairman Senate Committee on Marine and Transport; Chairman Provisional Council of the proposed Nigeria Coast Guard, the Coast Guard called for immediate and unconditional release of their members arrested by the Nigerian Navy.

and unconstitutional, IPAC stressed that the commission as presently constituted, lacks the legitimate authority to conduct any election in Rivers state.

According to the body, the only constitutionally recognised authority to appoint members of the State Electoral Commission is the governor as confirmed by the State House of Assembly.

“The Inter-Party Advisory Council of Nigeria (IPAC)

is the umbrella body of all registered political parties in Nigeria with the superior objective to consolidate, strengthen and deepen democracy in Nigeria.

“It is in pursuit of these shared objective of IPAC that we write to you concerning the illegality and unconstitutionality of the proposed Rivers State Council Local Government Area and Councillorship Elections scheduled to hold on the 30th of August, 2025.

Bala Mohammed Urges Hadeja-Jama’are River Basin Authority to Revive Kafin Zaki Dam Project

Segun Awofadeji in Bauchi

Governor Bala Abdukadir Mohammed of Bauchi State has called on the management of the Hadeja Jama’are River Basin Development Authority to prioritize the resuscitation of the longawaited Kafin Zaki Dam

project as part of efforts to boost agriculture and livestock development in the region.

The governor made the call while receiving the managing director of the authority, Engineer Rabi’u Suleman Bichi, who led a delegation on a courtesy visit to the governor at

Government House, Bauchi, on Wednesday.

Governor Bala Mohammed emphasized that if fully implemented, the dam project would not only create thousands of job opportunities but also enhance food security and irrigation activities across the benefiting communities.

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THURSDAY, AUGUST 7, 2025 • THISDAY

NEWS

EUROPEAN UNION GLOBAL DIASPORA FACILITY VISITS LAGOS TOURISM COMMISSIONER...

L-R: Public Partnerships Lead, European Union Global Diaspora Facility (EUDiF), Ms. Charlotte Griffiths; Lagos State Commissioner for Tourism, Arts and Culture, Mrs Toke Benson-Awoyinka; and Junior Project Officer, EUDiF, Ms. Lisa Bezvershenko, during a courtesy visit to the Commissioner’s office at Alausa, Ikeja, Lagos... recently

Nigeria Must Restructure or Perish, Says Former Ohanaeze Ndigbo President, Nwodo Secondus: nation on verge of liquidation, declares democracy under threat

Chuks Okocha in Abuja

Former President-General of Ohanaeze Ndigbo, Chief Nnia Nwodo, has called for immediate restructuring of the country, saying the country must restructure, or the different components should be allowed to go their separate

ways.

Nwodo spoke at a book launch in Abuja, where the former national chairman of Peoples Democratic Party (PDP), Uche Secondus, also lamented the fate of democracy in Nigeria, and said the country was on the verge of liquidation due to threats of

one party system.

In a keynote address at the launch of, “The Bubbles of Nigeria’s Democracy: The Musings of a Nigerian Journalist,” and, “Wadata Wonders: Memoirs of a Partisan Journalist,” two books written by a former staff of THISDAY, Ike Abonye, the

former information minister said Nigeria must restructure to survive.

In the speech, titled, “How Did We Here,” Nwodo said, “Nigeria must restructure and give its component units sovereignty over its natural resources provided they pay royalty or some form of

FG to Nigerians: Register with Our Missions Abroad for Early Intervention During Emergencies Michael Olugbode in Abuja

The Ministry of Foreign Affairs has advised Nigerians travelling abroad to make it a point of duty to register with the Nigerian missions in their host countries in order to be accorded timely intervention in cases of emergencies.

The Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Ahmed Dunoma , made this appeal while receiving a delegation from the Diplomatic Correspondents Association of Nigeria, (DICAN), led by its

Chairman, Idehai Frederick.

Dunoma, while citing a recent incident where Nigerians were trapped in the Central African Republic (CAR), emphasised that the ministry, Nigeria embassies and consulates should be informed of their presence during arrival and not only when they run into trouble.

He said: “I advise Nigerians to make it a point of duty to make their presence known to the Nigerian mission in the country they’re visiting.

“This simple step can help prevent misunderstandings

and ensure that Nigerians receive the support they need in times of crisis.

“There was a recent case of Nigerians trapped in Central African Republic, where some Nigerians tried to give the Ministry a bad name.”

Dunoma, while highlighting the importance of timely information dissemination, also called for a deeper collaboration between the Ministry and DICAN in order to combat disinformation and misinformation.

He said DICAN and the ministry share a common

goal of promoting a positive image of Nigeria.

“Most of the time, given the necessary information before people will even ask for information is crucial in managing crises effectively.

“We are saddled with the role of laundering the image of the country. Hence, the inevitability of a strengthened partnership between DICAN and the Ministry.

general hospitals across the state.

Commissioner for Health, Dr. Faruk Umar Abubakar, who disclosed this in a media interview, said the decision to replace the aging facility reflects Governor Ahmad Aliyu Sokoto’s commitment to ensuring that Sokoto residents access modern, quality care and the restoration of public

confidence in government-run health institutions.

“This hospital has served us for over a century. It’s outdated and no longer meets modern healthcare standards,” Dr. Abubakar stated. “The governor has approved the development of a new world-class hospital that will provide comprehensive and specialist care.”

Population Prospects (WPP) 2025 report, Nigeria has the lowest life expectancy in the world, with an average life expectancy of 54.8 years (54.5 for males and 55.1 for females) Nigeria ranks below countries like Chad, South Sudan and Central African Republic in life expectancy.”

Nwodo stated, “Writing on Nigeria’s population in his ‘My thoughts on Nigeria’, President Jonathan wrote, ‘with such a large and teeming population, a number of challenges abound, particularly keeping as low as possible infant mortality and overall human morbidity through well-coordinated health and sanitation facilities.’

“In April 28, 2025, writing on, ‘Nigeria’s bad roads are taking a toll on our economy,’ Babatunde Yusuf of BusinessDay wrote: ‘Drive anywhere in Nigeria and it won’t take you long to find evidence of a broken system!’

Anambra Guber: I’ll Tackle Deficiencies in Insecurity, Education, Infrastructure, Says PDP Candidate

Onyebuchi Ezigbo in Abuja

Health Commissioner: Sokoto Replaces The candidate of the Peoples Democratic Party (PDP) in November 8 Anambra 100-Year-Old Hospital with World-class Facility the State governorship election, The Sokoto State Government has concluded plans to build a new world-class hospital to replace the over 100-year-old Specialist Hospital in Sokoto as part of its overall plan to modernize its healthcare delivery.

This flagship project is in addition to the ongoing rehabilitation of primary healthcare facilities and

taxation to the federal government to maintain federal responsibilities, like external defence, foreign missions, customs, and immigration.

“In this way, true democracy will evolve and the speed of development increased.”

He said, “Emphasis must return to agriculture and education. Education must emphasise on renascent digital orientation. “Domestic security must remain in the hands of the federating units; the secularity of the Nigerian state must be respected.

“These irreducible minimum conditions are not negotiable. If it does not happen, we will have no alternative but to go our separate ways. Processes to begin our restructuring as a nation must be concluded before the 2027 elections.”

Lamenting the declining fortunes of Nigeria, the former Minister of Information said, “According to the UN World

Chief Jude Ezenwafor has promised to address challenges in the area of insecurity, education, infrastructure and commerce if elected.

He said that he will reduce the tax burden imposed on citizens of state to promote business growth.

Speaking yesterday during an interactive session with some journalists under

the auspices of League of Anambra Journalists in Abuja (LAJA), the PDP governorship candidate said: “In Anambra State today there are challenges of insecurity and everyone is concerned about. I intend to adopt a more result - oriented strategy to tackle it.”

He said the people of the state are groaning over what he described as over-taxation which is crippling businesses and further impoverishing the populace.

He also said that his administration will promote

investment by ensuring greater easy of doing business.

In addition, Ezenwafor said he will galvanize the energies and potentials of notable indigenes of the state to boost investment and economy.

He wondered why the state government has failed to look into the disproportionate hike in the cost air ticket for airlines bringing in passengers through the Anambra airport which he said is often higher than that of nearby airports.

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THISDAY • THURSDAY, AUGUST 7, 2025

NEWS

PRESS BRIEFING TO COMMEMORATE 2025 WORLD BREASTFEEDING WEEK...

L-R: Director, Family Health and Nutrition, Lagos State Ministry of Health, Dr. Folashade Oludara; Special Adviser to the Lagos State Governor on Health, Dr. (Mrs.) Kemi Ogunyemi; and the Director, Public Affairs, Lagos State Ministry of Health, Mr. Olatunbosun Ogunbanwo, at the press briefing to commemorate 2025 World Breastfeeding Week in Lagos State, themed: “Prioritise Breastfeeding: Create Sustainable Support Systems” held in Alausa, Lagos…recently

ADC Knocks APC over Premature Endorsements of Tinubu Ahead 2027 Polls Says Nigerians suffering while ruling party goes on campaign mode two years early Denies report INEC rejected Mark leadership

Chuks Okocha in Abuja African Democratic Congress (ADC) has berated the ruling All Progressives Congress (APC) for a “non-stop victory parade” in favour of President Bola Tinubu, accusing the party of breaching the electoral laws and mocking the citizens’ hardship with a premature re-election campaign.

In a statement, ADC spokesperson, Mallam Bolaji Abdullahi, said the choreographed endorsements rolling out from Abuja to Kano and the president’s campaign billboards lining the streets of Abuja flouted a reminder by the Independent National Electoral Commission (INEC) that campaign activity was illegal until 150 days before the 2027 polls.

Abdullahi stated that while APC was “hoisting billboards instead of fixing the nation’s broken economy,” inflation soared, the naira collapsed, petrol prices multiplied, and kidnapping morphed into

an industry.

Lamenting the crisis of a government distracted from its duty to govern, ADC warned that every unlawful rally was a billboard of failure, and pledged to challenge the ruling party “when the window opens at the ballot box”.

According to Abdullahi, “For several months, APC organs have staged rallies and erected billboards endorsing President Bola Ahmed Tinubu for a second term. From the Abuja national caucus that proclaimed him ‘sole candidate,’ to choreographed declarations in Port Harcourt, Minna, Kano, and Akure.

“These theatrics brazenly ignore the Electoral Act and the fresh warning issued by the Independent National Electoral Commission, which reminds every politician that public campaigning is illegal until one hundred and fifty days before polling day.”

The statement said, “While the ruling party chants ‘four more years’ and sing songs

of a sinking mandate, prices have galloped beyond the reach of ordinary citizens.

“Headline inflation, already 22 per cent in 2023, rocketed to a thirty-year high of almost 35 per cent last December and still hovers above 22 per cent today, meaning food, transport, and

grow the state out of hunger and poverty by ensuring that all food items consumed in Ekiti were produced within the state.

Oyebanji said his government had spent over N50 billion on agribusiness since inception. He said his vision was to turn Ekiti into the food basket of the nation through a food supply system and mechanism that will ensure food security as well as improve access to

before subsidy removal now averages more than N1,000, turning every journey to work or market into an exercise in anguish.

“Debt is devouring the treasury. The World Bank projects that servicing our obligations already swallows more than our total

federal revenue, leaving scarcely a kobo for schools, clinics, or roads. Revenue mobilisation limps along at barely eleven percent of our Goss Domestic Product, far below the continental average, yet the government borrows again and again and again.”

Appeal Court Restores EFCC’s Forfeiture Order on 14 Properties Linked to Yahaya Bello Says immunity doesn’t cover assets suspected to be proceeds of crime

Wale Igbintade

Justice Yargata Nimpar, with Justices Danlami The Court of Appeal, Lagos Senchi and Paul Bassi Division, yesterday set aside concurring, allowed the a Federal High Court ruling appeal and upturned the that struck out an interim ruling of the lower court.

The court held that the forfeiture order obtained by the Economic and Financial lower court erred in law Crimes Commission (EFCC) by relying on Section 308 to seize 14 properties alleg- of the 1999 Constitution to edly linked to former Kogi strike out the case, instead State Governor, Yahaya of determining whether the properties should be Bello.

In a unanimous judge- permanently forfeited.

Nimpar restored the ment delivered virtually, preservation order and directed EFCC to proceed

Shettima: We Are Investing in MSME to Create Jobs, Reduce Poverty, Increase GDP

the determination of his administration to ensure uninterrupted distribution of major food items to citizens of the state all year round.

He disclosed this during the official commissioning of “Ounje Ekiti Retail Outlet” and “Ilu Eye Aggregation Hub” in Ado-Ekiti, the state capital.

He added that a major concern of his administration was how to fulfil Tinubu’s mandate on urgent need to

rent now cost roughly 60 per cent more than they did at the time he took office.

“The naira has crumbled from about N461 to the dollar in early 2023 to well over N1,500, wiping out savings and strangling small enterprises. Petrol that once sold for N185 per litre

cheap food commodities.

He said the initiative was a strategic step towards addressing persistent challenges in the agriculture sector, and reducing losses in food storage, and inefficient market leakages.

The governor added that the effort was part of the recommendations of the Ekiti State Food Security Committee, which was constituted to improve food supply in the state.

to a final forfeiture hearing.

The EFCC’s legal team was led by Rotimi Oyedepo (SAN), with Bilkisu BuhariBala and Hanatu Kofanaisa appearing alongside him.

The dispute originated at the Federal High Court in Lagos, where Justice Nicholas Oweibo had granted an interim forfeiture order in favour of the EFCC. Obtained via an ex parte application, the order allowed the anti-graft agency to temporarily seize 14 properties located in Lagos,

Abuja, and Dubai, United Arab Emirates (UAE), suspected to be proceeds of unlawful activity.

The court also directed EFCC to publish the order in two national newspapers, inviting interested parties to show cause why the properties should not be permanently forfeited to the federal government.

Following the publication, Bello filed a notice of intention to oppose the forfeiture and applied to vacate the interim order.

Sanwo-Olu: Lagos Improving Road Infrastructure to Stimulate Commerce, Tourism Growth

Segun James

Governor Babajide SanwoOlu of Lagos State has said that as part of efforts to stimulate economic and boast tourism, the state government will continue to give priority to road infrastructure development as well as open up remote areas.

Sanwo-Olu stated this during the official commissioning and handing of the reconstructed Aradagun-Mosafejo-IladoImeke, Hospital and Samuel Ekundayo Roads in Badagry Local Government Area of the state over to the residents.

He said the seven network of roads will ensure the ease

of movement and transportation, as well as improve the living standard of the people.

The governor said that as a key aspect of inclusive governance, his administration has, “continued to provide infrastructure that supports businesses, creates employment, and improves the living conditions of our people.”

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THURSDAY, AUGUST 7, 2025 • THISDAY

NEWS

FREE MEDICAL OUTREACH (DENTAL) ORGANISED BY THE NASARA FOUNDATION...

L-R: Chairman, Medical Advisory Committee, Kebbi State Teaching Hospital, Dr. Muhammad Nuradeen; Personal Assistant to wife of the Kebbi State Governor, Hajiya Hadiza Abubakar Bagudu; First Lady of Kebbi State and Founder, Nasara Foundation, Hajiya Zainab Nasare Nasir Idris; Permanent Secretary, Ministry of Local Government and Chieftaincy Affairs, Hajiya Aisha Muhammad Maikurata; Chairman, Kalgo Local Government, Mr. Yahaya Kuka; and Dentist-Team Lead, Dr. Nasiru Sanusi, at the free medical outreach (dental) organised by the Nasara Foundation at the Kebbi State Teaching Hospital, Kalgo…recently

Emir Sanusi: Many People in Public Office Today Were Not Properly Raised Says politicians destroy public service

Alex Enumah in Abuja

The Emir of Kano, Alhaji Sanusi Lamido Sanusi, has identified the absence of proper upbringing as a major factor affecting the quality of leadership in the country.

According to Sanusi, Nigeria

of recent have been ruled by people who didn’t have values, people seen as thieves and criminals.

He made the assertion last night, while speaking as a guest on Channels Television programme: Politics Today.

Reflecting on the tenure of

former Head of State, the late General Murtala Mohammed, the 14th Emir of Kano, who said he was in secondary school, when the then head of state was assassinated recalled that students were taught in school various values including the need to have a good name

above material possessions.

“The truth is that many people in public offices today were not properly brought up,” he said, adding that, in his days at Kings College, Lagos, they had a subject called “Civic” where from a very young age pupils were

thought the importance of honesty, integrity and the need to leave behind a good name.

Sanusi, who was governor of the Central Bank of Nigeria, during the tenure of former President Goodluck Jonathan lamented that a lot of people in government today, were

Tinubu: Doyin Abiola Was Icon of Nigerian Journalism, Amazon, Soldier of Democracy

deep sadness over the demise of Abiola. Abiodun said the late Mrs. Abiola was not only a devoted partner to her husband, Chief Moshood Abiola, but also a distinguished individual in her own right, who contributed immensely to the journalism profession.

Abiodun, in a condolence message, acknowledged Abiola’s foray into the field of journalism, starting with the Daily Sketch Newspaper and a brief stint with the Daily Times before becoming Managing Director of Concord Newspapers.

He stated, “I am deeply saddened to learn of the passing of Dr. Doyin Abiola, a remarkable woman whose contributions to society and unwavering support for her late husband during the tumultuous period surrounding the June 12, 1993 presidential election in Nigeria will forever be remembered.

“Her dedication to justice, democracy, and the betterment of her country exemplifies the strength and resilience of her character.

“She displayed excellent spirit in the fight for the validation of the annulled June 12 election as the person in charge of the Concord Group of Newspapers, owned by her then embattled husband.

“She played a significant role in advocating for the democratic ideals that many Nigerians still strive to uphold today. Her commitment to these principles, particularly during a time of great political unrest, demonstrated her courage and unwavering belief in the power of democracy.

“As we reflect on Abiola’s life, it is essential to acknowledge the sacrifices she made alongside her husband during a period marked by challenges and adversity.”

Dele Alake

Minister of Solid Minerals Development, Dele Alake, said, “Some are born great and others have greatness thrust upon them. Dr. Doyin Abiola, who joined the Saints yesterday, showed up on both counts.

“She was the scion of the illustrious Aboaba family, reputed for its elitist pedigree and nobility built on professionalism and class.

“That heritage ensured that she climbed to the pinnacle of scholarship. Starting with Bachelor’s in English and Drama of Nigeria’s premier University of Ibadan, she followed with a Master’s and later crowned it with Doctor of Philosophy at the New York University, United States.

“Dr Doyin Abiola, gentle and genial, soft yet solid, inhaled and exhaled journalism. Breaking the news day after day, splashing shockers on the front pages and making sure that readers got the news of Concord hot very early at the newsstands, were the goals that drove her to deliver the best copies to the market.”

Alake added about the late Mrs. Abiola, “She was, indeed, a newsman, ( as there are no women in journalism), trained for the job with an incredible passion for investigation and staying power for following up till the end of each episode.

“Dr. Abiola’s managerial expertise was unparalleled.

Complementing her husband, Chief Moshood Kashimawo Abiola, the publisher, Dr. Abiola supervised several innovative projects to position Concord Press as the primus inter pares in the media industry. For instance, Concord was the first to archive newspapers by converting from print to microfilm.

“She showed her motherly disposition in the provision of conducive working conditions and personal interest in staff welfare and professional development.

“Only a professional and manager of exceptional capacity and courage

could have translated the publisher’s vision of independent journalism into daily publication of news and respected leaders.

“Only a woman of quintessential professional standards and stoic sacrifice could have survived the regular onslaught of military invasion of Concord’s newsroom, incessant closures and incarceration of staff, and ultimately, the detention and death of the publisher.

“It is a testament of her doggedness that she brought her resourcefulness and stature to count on the side of the Nigerian people when it mattered most, unbowed by the wicked incarceration of her husband and winner of the June 12, 1993 election.”

The minister said, “Dr Doyin Abiola’s transition signals the gradual exit of the beautiful ones who brought sparkle to the lives of many readers by publishing delightful stories of hope and perseverance.

“Dr Abiola’s transition is a personal loss to me and my family. She was the auntie who held my hand and led me up the corporate steps of Africa’s foremost media establishment. She was the sister who polished the edges of a character in flight to stardom and higher responsibilities.

“She was the boss who

believed in me and contributed to what I have become today. She was the leader who spotted bright minds and nurtured to fruition talents that could have been spent half way. She was the mother who counselled and encouraged us to stand by the values of integrity and enterprise.”

NPAN

The leadership of Newspaper Proprietors’ Association of Nigeria (NPAN) said it received the news of Doyin’s death with sadness.

In a statement by its President, Kabiru Yusuf, NPAN stated, “Though she lived to the ripe age of 82 years, this by no means mitigate the shock of receiving the news of her passage. She died Tuesday, August 5, 2025 “A quintessential journalist and media guru, Dr. Abiola was a record breaker in the Nigerian media space, being the first woman to be named editor of a national daily with her appointment in 1980, as Editor, National Concord newspaper.

“In 1986, she also became the first Nigerian woman to preside over the fortunes of a national newspaper group, as she was named managing director and editor-in-chief, of the Concord Newspapers

there for the wrong reasons, including the pursuit of wealth.

“You don’t go into public office to make money... if you want to make money go into business,” he said, citing business mogul such as Aliko Dangote, Nigeria’s richest man.

Group.

“In all, we take solace in the fact that she left an indelible mark in the newspaper industry and served the industry till her death.

Dr. Doyin Abiola, until her death was a trustee of the Newspaper Proprietors’ Association of Nigeria (NPAN) “She was also a recipient of the Lifetime Achievement Award of the Diamond Awards For Media Excellence (DAME).

“On behalf of the Executive Council of our esteemed association, we commiserate with her entire family, members of the Fourth Estate of the Realm, and former staff of the defunct Concord Newspapers. We pray that the Almighty God, will console and uphold each and everyone.”

Nigerian Guild of Editors

Nigerian Guild of Editors (NGE) said it was saddened by the passing of Dr. Doyin Abiola.

In statement by its President, Eze Anaba and General Secretary, Onuoha Ukeh, NGE said, “Dr. Abiola’s legacy is a testament to her pioneering spirit, breaking down gender barriers and mentoring generations of journalists who have gone on to become great professionals.

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thursday august 7, 2025 • T H i s d ay

NEWS

FOOD SECURITY IN EKITI…

L-R: Speaker, Ekiti State House of Assembly, Rt. Hon. Adeoye Aribasoye; Ekiti State Governor, Mr Biodun Oyebanji; Commissioner for Agriculture and Food Security, Mr Ebenezer Boluwade; Commissioner for Investment, Trade, Industry and Cooperatives, Mrs Tayo Adeola and Commissioner for Finance and Economic Development, Mr. Akintude Oyebode, at the official launch of Ilu Eye Aggregation Hub and the Ounje Ekiti Retail Outlet in Ado - Ekiti...yesterday

2027: Igbo Women Group Slams Umahi, Okonkwo over Defeatist Utterances

Emmanuel Ugwu-Nwogo in Umuahia

The Minister of Works, Chief Dave Umahi, and a Nollywood actor, Kenneth Okonkwo, have come under fire over their “defeatist and sycophantic” utterances that undermine the quest of Ndigbo to end their perceived political marginalisation.

Umahi, who has been 2027, thereby dismissing the canvassing support for President presidential aspirations of Bola Tinubu’s second tenure, opposition candidates from had reportedly claimed that other zones. the president has been very fair But a women’s’s group, the to the South-east zone, and so Igbo Women Assembly (IWA), Ndigbo should not vie for the expressed its aversion to the presidency in 2027.

On his part, Okonkwo, an actor-turned politician, claimed that only a candidate from the Adibe Emenyonu in Benin-city North can unseat Tinubu in The Director-General of the Edo State Migration Agency, Mr. Luck Agazuma, has disclosed that a native doctor, husband, and wife have been taken into custody for illegal trafficking of underage girls.

The virtual media dialogue He said that while the native meeting was organised for journalists doctor was taken into custody for across 12 states, by UNICEF Field Office in Enugu in collaboration with Broadcasting Corporation of Abia State.

Hammed Shittu in Ilorin In his remark, Nwubani explained that the World Breastfeeding Week Key stakeholders in Kwara State is celebrated every year in the first yesterday expressed deep concern week of August, championed by about the current tax structure in WHO, UNICEF, Ministries of Health the country, saying it is stifling and civil society partners around economic activities and alienating the globe. citizens from governance.

He said the week is a time Speaking in Ilorin, the state to recognise breastfeeding as a capital yesterday at a consultative powerful foundation for lifelong health, development, and equity, stressing that World Breastfeeding Week shines a particular spotlight The Administrator of the on the ongoing support for women Presidential Amnesty Programme and babies’ need from the healthcare (PAP), Dr. Dennis Otuaro, system through their breastfeeding has expressed concern over journey. complaints that some PAP stakeholders are allegedly collecting money from unsuspecting applicants for the programme’s ongoing scholarship application process for the Dangote Cement as a household name and the pride of Africa.

According to him, Dangote Cement has supported Nigerian Sunday Okobi economy through job creation and philanthropy, among others. The Centre for Digital The Minister for Housing Humanities, University of Lagos and Urban Development, (CEDHUL), has announced its Ahmad Musa Dangiwa, also partnership with Transhumanists lauded Dangote Cement Plc Africa to host the live events for for its contributions to the the highly anticipated Artificial development of the Nigerian Intelligence Short Film Festival economy, urging the company to join hands with government in bridging the gap of Housing Ahmad Sorondinki in Kano deficit in the country.

Speaking, the Coordinator The Inspector-General of Police of the Show, Festus Adebayo, (IG), Mr. Kayode Egbetokun, said that the housing deficit in yesterday launched over the country can be mitigated 300 modern residential units, through Public Private 48-office administrative complex, Partnership (PPP). standard armoury, transport and

UNICEF Tasks Govts, Partners on High Quality Breastfeeding Support BlessingIbungeinPortHarcourt

The United Nations Children’s Fund (UNICEF) has called on the Nigerian Government, health administrators, and partners to invest in high-quality breastfeeding support.

The UN agency noted that investing in such support would ensure that all health service providers are equipped with the skills and knowledge required to support breastfeeding, including in emergency and humanitarian settings.

The Director-General, Broadcasting Corporation of Abia State (BCA), Francis Nwubani, made the call in his remark during a media dialogue on dissemination of key advocacy messages on the 2025 world breastfeeding week held virtually yesterday.

Dangote Cement Bags Company of the Year Award

The continent’s biggest cement manufacturing company, the Dangote Cement Plc, has added to its numerous accolades as it has been given the Cement Company of the Year award at the Africa International Housing Show (AIHS) in Abuja for its support to the real estate in Africa.

Dangote Cement Plc was one of the sponsors of the four-day housing exhibition that ended last Friday where 21 countries and 40,000 exhibitors were said to have participated.

Presenting the award on behalf of the organisers of the show, Governor of Sokoto State, Ahmad Aliyu Sokoto, who was represented by his Deputy, Idris Mohammed Gobir, described the

statements credited to the two politicians, who are both from the Southeast, describing the utterances as “narrow-minded and suspicious.”

In a statement signed by its National President, Lolo

Nneka Chimezie, IWA chided both Umahi and Okonkwo for indulging in “empty defeatist rhetoric” to protect their interests against the interestss of Ndigbo.

She noted that since his appointment into Tinubu’s

cabinet, Umahi has been manifesting “signs of slave mentality and invasive sycophantic malady” in his intentional mission to undermine the collective aspiration of Ndigbo.

Husband, Wife, Native Doctor in Custody for Trafficking in Underage Girls administering an oath to the girls, the husband and wife (names not mentioned) were detained for trafficking teenagers to Mali.

Agazuma, who disclosed while speaking to journalists yesterday, against the backdrop of accusations by commercial sex-workers of being extorted by personnel of the state

migration agency, noted that: “In our raiding, we discovered that these persons and brothel operators keep underage girls.

Those persons who were involved in this act are in prison custody, including the native doctor who took them on oath. They also do organ harvesting. Even as I speak to

you now, there’s a husband and a wife who just trafficked a little girl to Mali. They are all in prison custody right now.”

Speaking further, Agazuma said the agency was well funded and would not resort to extortion of any kind from sex workers because their job is to rehabilitate them back into society.

Kwara Stakeholders: Current Tax System Stifling Economic Activities meeting on tax justice, which was organised by the Brain Builders Youth Development Initiative (BBYDI) with support from CISLAC and funded by Christian Aid Nigeria; market leaders, civil society actors and academics, the stakeholders said that the present tax system has remained burdensome and

disjointed, and needs urgent reforms to promote accountability, fairness, and public trust.

The first session, titled: ‘Understanding the Tax Landscape in Kwara State’, was facilitated by tax consultant, Mr. Falana Olaropo.

He highlighted widespread gaps in public awareness around

ongoing tax reforms and stressed the need for clear communication and signage to explain how tax revenues are used.

In a subsequent session focused on ‘The Role of CSOs in Advancing Fiscal Justice’, Associate Professor Ruth Abiola Adimula led a discussion on civic responsibility and tax justice.

Otuaro Warns against Payment of Money for PAP Scholarship 2025/2026 academic session.

He has therefore, warned against the alleged fraudulent act and reiterated that the PAP scholarship application process for undergraduate and post-graduate programmes is free and money exchange for services was not allowed.

He spoke during the opening

ceremony of the third batch of the three-day strategic Leadership, Alternative Dispute Resolution and Mediation Training organised by the PAP for its stakeholders in collaboration with the Nigerian Army Resource Centre, Abuja, yesterday.

Otuaro said that information at his disposal indicated that some

unscrupulous characters were allegedly collecting money from the parents and guardians of potential scholarship beneficiaries with all kinds of assurances.

The administrator also urged potential beneficiaries to resist payment of any amount of money to anybody for the scholarship.

UNILAG CEDHUL to Host Transhumanists Africa AI Film Festival taking place from November 21 to 23, 2025.

The festival, with the theme: ‘African Visions of African Futures’, is the first of its kind to spotlight AI-created short films from African filmmakers and Diaspora creative minds.

According to a statement

issued and made available to THISDAY by Professor Tunde Ope-Davies, director of CEDHUL, yesterday, “Through this groundbreaking collaboration, CEDHUL will serve as the primary venue for live screenings, panel discussions, workshops, and

networking events designed to explore how emerging technologies are reshaping Africa’s cultural and creative landscape.

“We are thrilled to partner Transhumanists Africa to bring this important conversation to life.

IG Launches 300 Housing Units, Offices in Kano, Promises to Improved Welfare power workshops and other vision of policing grounded “It is under your leadership support infrastructure at the Kano State Police barracks.

Speaking at the ceremony, Egbetokun said the facility represented modern infrastructure and embodied intentional leadership and a

in human dignity.

He said the Nigeria Police is profoundly grateful to President Bola Ahmed Tinubu for his administration’s consistent support which he described as both enabling and encouraging.

that we have found room to reform, resources to build, and resolve to deliver. The Nigerian Police Force is proud to be a willing and capable partner in your Renewed Hope Agenda,” he said.

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THURSDAY, AUGUST 7, 2025 • T H I S D AY

BACK PAGE CONTINUATION The Problem with Kemi Badenoch If a man we elected to preside over our affairs could sell us cheap, why should we blame a ‘foreigner’ for doing the same? That was my reasoning at the time.

However, Badenoch is now carrying her offering beyond the sacred place, as the Yoruba—the ethnic group she still claims to belong—would surmise. She has turned Nigeria into a punching bag, based on the mistaken belief that the surest path to becoming the next Prime Minister is to couch the campaign message as not wanting her beloved UK to be like Nigeria that has failed to harness its human and material resources for the advancement of the people.

From growing up hearing “neighbours scream as they are being burgled and beaten - and wondering if your home will be next” to how she was using a machete to cut the grass at Federal Government Girls College, Sagamu to having to “fetch buckets of water”, every real and imagined experience of her formative years in Nigeria has become a campaign tool for Badenoch who does not see anything good in our country. The concern now is that there is no lie too outlandish for her to tell in her desperate bid to secure the acceptance of her ‘British people’.

In a recent interview on CNN with Fareed Zakaria, Badenoch claimed that being female precludes her children from automatic Nigerian citizenships (which is a lie) to make the point that it was unacceptable for people to ‘Japa’ to her country (Britain) from our country. “So, you say to somebody who’s coming from Nigeria and wants to create a little mini-Nigeria in Britain – ‘No, that is not right.’ And Nigerians would not tolerate that. That’s not something that many countries would accept,” Badenoch said to explain why she would be ruthless on the issue of immigration if she becomes the Prime Minister.

Every time Badenoch goes on the offensive against Nigeria, it becomes clear that she suffers from a crisis of identity.

She appears to confuse what she wishes she were with what she truly is. What I find interesting is that she is so lacking in self-awareness that she doesn’t even know that many of her ‘compatriots’ are laughing at her. In February this year, following the claim that Prime Minister Keir Starmer took her counsel to cut the aid budget, the latter responded in a rather dismissive manner that could not have been more apt. But let’s take only the

developed countries from coming to the UK while the poor of ‘her own society’ are undeserving of attention. In a speech setting out her plans as Conservative leader last month, Badenoch said it is too easy for people to claim benefits in the UK so she highlighted proposals to restrict welfare payments in the country.

I am aware of the ideological leaning of the party she leads but Badenoch’s lack of empathy is so galling that one ought to feel sorry for her. Like the few ‘privileged’ black nationals during the apartheid era in South Africa who distanced themselves from their people, Badenoch will ultimately realise it is better to seek respect than acceptance when it comes to social hierarchy.

I have no problem with whatever Badenoch plans to do in her adopted country. And I don’t take issue with her not wanting to identify with Nigeria. But she must leave us to carry our cross alone. Nigeria doesn’t need her drama.

In his column on Tuesday, Reuben Abati contrasted the behaviour of Badenoch with that of Rene Wakama and the female basketball players she leads in D’Tigress.

Wakama and most of the players who just won the Afro Basketball title for a record successive 5th time are Diaspora Nigerians (some second or third generation) who also hold other passports.

But they are not like our local ‘Briton’ who, according to Abati, is “struggling to wear a white mask, spitting on her heritage and ancestry, to please white folks.” Badenoch—who incidentally is a first-generation ‘European’—“is even more racist than anyone else who the label fits.

When the mask is lifted, what is found is just sheer hypocrisy, opportunism, and a confused identity syndrome that may require the attention of a shrink.”

While certain forms of identity are rooted in history, they can also be a product of conscious choice. Students of the Bible would agree considering how Moses chose not to be regarded as a prince of Egypt even when he was raised in the palace of the Pharaoh. The small point, which Moses must also have recognised, is that no matter what we call ourselves, people know who we truly are. Badenoch is trying too hard in her desperation to be ‘the saviour of Western civilization’. Unfortunately for her, the people she is trying to please can see through her fickleness. Besides, she may indeed need help, as suggested by Abati.

It is possible that her Nigerian experi-

ence goes beyond the ‘fetching buckets of water’ and ‘cutting the grass’ as she wants the public to believe. There may be something deeper she is not telling us. Her behaviour is just not normal.

Since globalization has created a generation for whom attachment to nation space and cultural roots now counts for less than material fulfillment, I don’t think anybody begrudges Badenoch her ‘good fortune’ of becoming a ‘British’ woman by winning the birth lottery. However, she must remember that there are many other people with Nigerian ancestry who hold high political positions in the Diaspora yet do not indulge themselves in throwing darts at the rest of us.

Incidentally, there is also a character trait common among some black people in the diaspora which Badenoch exemplifies. It borders on Afro-pessimism and the politics of race. These are blacks who believe that the best way to be accepted by white people is to run down their fellow black people. It is often common in workplaces where there is stiff competition for jobs.

I find it quite amusing that Badenoch took offense with cutting grass while in secondary school in Nigeria. In case she needs reminding, that was one of the codes of discipline institutionalised by her British ‘forefathers’ who ran most of our secondary schools in the colonial days.

The brand of self-loathing and identity inferiority being projected by Badenoch is outdated, even among the real British people she is trying to impress. Her present mindset belongs to a decadent phase of colonialism and is founded on ignorance and bad education. The most sophisticated and accomplished politicians in the West have been taught to respect the best in every country, nationality and culture.

Most discerning people, voters inclusive, can see through her sometimes divisive and mostly desperate attempts to use demonizing Nigeria as a ladder to higher ambition. It is a form of self-sabotage that is dangerous for anybody aspiring for leadership. She needs to grow up.

As for her political ambition to be the British Prime Minister, I can only wish Badenoch well, even though most people see her as no more than a placeholder in the Conservative Party that will soon elect a more credible person to lead them.

It is unlikely that the British people will run the risk of elevating a self-hating bigot to the office of Prime Minister. The earlier Badenoch realises that the better for her peace of mind.

her husband, Chief Moshood Kashimawo Abiola, the publisher, Dr.Abiola supervised several innovative projects to position Concord Press as the primus inter pares in the media industry. For instance, Concord was the first to archive newspapers by converting from print to microfilm.

She showed her motherly disposition in the provision of conducive working conditions and personal interest in staff welfare and professional development.

Only a professional and manager of exceptional capacity and courage could have translated the publisher’s vision of independent journalism into daily publication of news and respected leaders. Only a woman of quintessential professional standards and stoic sacrifice could have survived the regular onslaught of military invasion of Concord’s newsroom, incessant closures and incarceration of staff, and ultimately, the detention and death of the publisher. Late Doyin Abiola It is a testament of her doggedness that she brought her resourcefulness of her husband and winner of the June who brought sparkle to the lives of and stature to count on the side of the 12, 1993 election. many readers by publishing delightful Nigerian people when it mattered most, Dr Doyin Abiola’s transition signals stories of hope and perseverance. unbowed by the wicked incarceration the gradual exit of the beautiful ones Dr Abiola’s transition is a personal

loss to me and my family. She was the auntie who held my hand and led me up the corporate steps of Africa’s foremost media establishment. She was the sister who polished the edges of a character in flight to stardom and higher responsibilities. She was the boss who believed in me and contributed to what I have become today. She was the leader who spotted bright minds and nurtured to fruition talents that could have been spent half way. She was the mother who counselled and encouraged us to stand by the values of integrity and enterprise.

As you prepare to meet your Maker, Auntie D, the world is aware that you left a void that will be difficult to fill.

Adieu, Auntie, and rest peacefully in the bossom of the Lord.

•Dr. Dele Alake Former Concord Editorial Board member, Former Editor Sunday Concord, Former Editor National Concord , Former Commissioner for Information and Strategy Lagos State , Honourable Minister of Solid Minerals Development.

Kemi Badenoch punchline which was a not-so-subtle character profile of the leader of opposition: “She (Badenoch) has appointed herself, I think, the saviour of Western civilization.

It’s a desperate search for relevance.”

In this ‘desperate search for relevance’, Badenoch can hardly complete a twominute interview without alluding to Nigeria—a country she has publicly denounced and disowned. There is a reason why. I may not be a psychologist, but this pattern of behaviour suggests that she may be suffering from ‘superiority complex’, a delusional disorder that serves as a defence mechanism against feelings of inadequacy. Superiority complex, according to Mike E. King (a licensed psychologist who specializes in existential hypnosis and psychotherapy), arises “from a deepseated feeling of inferiority or lack of self-esteem” in the process of struggling to ‘belong’. Constant challenges posed by society and the media, King added, may cause such an individual “to have unrealistic expectations that when not met, may lead to narcissistic behaviour and an exaggerated sense of self-importance not supported by the facts.”

From all I have read on the subject in recent days, a person with a superiority complex is inwardly insecure.

Hence, they obsess about status either as individuals or within some collective, in this instance, country. Since Badenoch craves the validation of the British white establishment for social advancement, she has to talk down her own people.

That explains why her worldview centres around preventing the nationals of less

Ode To The Heroine of The Press

47

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Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

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Lookman Missing as Inter Set to Match Atalanta’s €50m Fee Embattled Ademola Lookman who has been on strike, avoiding Atalanta preseason training, is believed to have flown out of Bergamo in Italy to an unknown destination.

He missed third day of training on Wednesday

TRANSFER NEWS

which will now give Atalanta the right to withhold his salary as per Italian laws.

Although Inter Milan are now willing to match Atalanta’s €50million asking fee

on the Nigerian forward, it remains to be seen if the Bergamo-based side will accept the bid despite insisting that the club have the final say on where the Super Eagle will transfer to this summer window.

According to Corriere

dello Sport, Inter Milan are now planning to submit this final bid that will match what Atalanta want.

Atalanta rejected the last offer of €42million plus €3million in bonuses.

Lookman is very clear on his choice of Inter

R-L: Country Manager of 1XBet Nigeria, Mrs Geraldine Ibeanusi; 1XBet’s Business Development Manager, Chigozie Nnanna Ewuzie; On-Air-Personality, Spiritual Movement; and Consultant to the 1XCup Tournament, Waidi Akanni, at the Draw Ceremony of the 2025 1XCup Tournament in Lagos... yesterday

Chelle: Early Exit Beckons for Eagles if We Fail Again Duro Ikhazuagbe

After Nigeria’s Home-based Eagles slumped 1-0 to cup holder Senegal in their Group D opening game on Tuesday evening in Zanzibar, Head Coach, Eric Sekou Chelle, has predicted early return home for the team should the boys fail to lift their game in the next two matches in the African Nations Championship (CHAN).

Nigeria’s next two games are against Sudan and Congo which they need to win to stand the chance of progressing from the group where Senegal have maximum three points while Sudan and Congo have a point each from their draw on Tuesday evening.

But Chelle who will be occupied with the main Super Eagles duties later this month when the senior players will begin preparations for their crucial 2026 World Cup qualifiers against Rwanda and South Africa in September, warned yesterday that Eagles must

quickly,” observed the Franco-Malian gaffer to the team’s media team in Zanzibar.

Although he admitted that the Teranga Lions were a good side, Nigeria must take each game as it comes.

“Senegal is a good team, and I told you that we want to take it game by game. sit up.

In the first half, we created “Against Sudan and no chance to score. You need Congo, if we play like this to be more aggressive—of(match against Senegal) and fensively and defensively. are scared of other teams, I think we played well at we will return to Nigeria times, but the reality is we made just one mistake.

So, we need to improve our state of mind and be more competitive, more aggressive.

“We need to try to play football. We enjoy it when we play, create chances to score, keep the ball—but when we lose the ball for 20 minutes, they score, and this is football.

“We need to win games, we must be ambitious, and to do that, we need to be more aggressive. We lost every duel today, and we must do better.

“This is the first match, and we have two games to We need to change our Super Eagles Head Coach, Eric Chelle, has go. state of mind and be more warned the home-based players representing aggressive on the pitch. You the country at the ongoing 2025 African Nations can’t play football if you lose Championship (CHAN) in East Africa to buckle up every duel in the game,” or face early exit from the tournament he concluded.

CHAN 2025

after agreeing a five-year contract with them, but with still two years left on his contract, Atalanta

hold the ace and they have made it very clear that they will decide how this drama ends.

Draw Ceremony Holds for 2025 1XCup Group Stage in Lagos The Draw Ceremony for the annual 1XCup Football Tournament scheduled to begin on August 12 took place on Wednesday at a colourful ceremony held at Radisson Blu, Ikeja.

A total of 450 grassroots teams registered for the competition this year after which the organising committee picked 64 teams that played in the qualifiers out of which 16 teams plus the four semifinalists from last season made it to the group stage.

The 1XCup tournament sponsored by 1XBet has also retained the winners prize money of N20million.

Consultant to the Tournament and CEO of Match International Ltd, exinternational, Waidi Akanni, said he was elated with the responses from various parts of the country for a tournament just in its third edition.

“I am so excited. It was a tough task picking the

eventual qualifiers for the draw. We apologise to those who did not make it and we urge them to try again next year.

“We thank 1XBET for creating this excitement for grassroots teams and other top teams as well. We are again going to have exciting time this year.”

The Country Manager of 1XBET, Geraldine Ibeanusi, gave kudos to the organizing team of the tournament led by ex-International, Akanni, for doing a great job.

“We are happy and also optimistic that the competition will be bigger and better with every edition,” she noted.

In the draw conducted by Akanni with the assistance of sports presenter and analyst, Segun Agbede, defending champions FC Bethel are the top team in Group D along with Divine Praise FC, Brighton FC, Vinmo Energy FA and Inspire Sports Academy.

6th Efunkoya Table Tennis Tournament to Serve off August 12 All is set for the 6th edition of the annual Adegboyega Efunkoya National Cadet Table Tennis Championships, scheduled to take place from August 12 to 16 at the National Stadium and Molade Okoya-Thomas Hall, Teslim Balogun Stadium, Lagos.

According to Spokesman for the Efunkoya Sports Foundation, Ranti Lajide, this year’s tournament is themed “Producing Educated Champions” and will feature a unique blend of competition and mentorship.

Former Nigerian table tennis stars from around the world are expected to return to mentor and inspire the next generation of players.

“The Championship is attracting increased spon-

sorship interest, especially from our former players in the diaspora. Eight new contributors from the United States, England, and Asia have joined the initiative,” Lajide revealed.

He also noted that the 2025 edition will serve as a preparatory event for the upcoming Youth Games in Asaba later this month. So far, 16 boys’ clubs and 13 girls’ clubs from Lagos, Oyo, Ogun, Edo, Niger, Osun, and Kwara states have confirmed participation in both the clinic and the tournament.

A two-day training clinic, led by six top national coaches, will precede the competition. Alongside the clinic, a mentorship programme will run to support the holistic development of the young athletes.

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PenCom DG Ms Omolola Oloworaran while briefing President Bola Ahmed Tinubu on the free health care access for CPS retirees at the State House, Abuja

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The Problem with Kemi Badenoch

I

n the age in which we live, parents are able to choose their child’s country of birth. Assuming they have the financial means to do so.

In most cases, it could also be a path to the acquisition of citizenship of those countries. But no matter how rich parents are, the ancestry of these children is already established beyond anybody’s control. Although most people accept this reality, the Leader of the Conservative Party in the United Kingdom, Mrs Kemi Badenoch (Nee Adegoke), seems to be living with the pain that while she was born in Wimbledon, London, her ancestry will forever be traced to Nigeria. And it Kemi Badenoch seems she cannot handle that.

When, some years ago, Badenoch started her career in Nigerian-bashing wished to become in the UK, I felt it as a political ladder to whatever she was unnecessary to attack her. In fact, I

Every time Badenoch goes on the offensive against Nigeria, it becomes clear that she suffers from a crisis of identity. She appears to confuse what she wishes she were with what she truly is… It is unlikely that the British people will run the risk of elevating a self-hating bigot to the office of Prime Minister. ‘defended’ her on a few platforms. For me, her behaviour was not much different from that of the late President Muhammadu Buhari who was also obsessed with using a few dishonest Nigerians as totems for his holier-than-though political disposition. On 5th February 2016, for instance, the London Telegraph published a report with the headline, “Nigerians’ reputation for crime has

made them unwelcome in Britain, says country’s president”. The story, which immediately provoked outrage among many Nigerians, especially those in the Diaspora, had as its rider: “Muhammadu Buhari tells Telegraph that too many Nigerians are in jail abroad - and that they shouldn’t try to claim asylum”.

Continued on page 46

DeleAlake guest columnist

Ode to The Heroine of The Press

Being a press Statement on the transition of Dr. (Mrs.) Doyin Abiola, former Managing Director of Concord Press of Nigeria

I

t is said that some are born great and others have greatness thrust upon them. Dr.Doyin Abiola, who joined the Saints yesterday, showed up on both counts.

She was the scion of the illustrious Aboaba family, reputed for its elitist pedigree and nobility built on professionalism and class.

That heritage ensured that she climbed Late Doyin Abiola to the pinnacle of scholarship. Starting with Bachelor’s in English and Drama of she followed with a Master’s and later Nigeria’s premier University of Ibadan, crowned it with Doctor of Philosophy at

the New York University, United States.

A seminal reflection of this interesting foray into knowledge indicated a zig-zag, trapeze dance between theory and practice, private and public media practice. For instance, she started her journalism.practice at Daily Sketch, a regional newspaper of the defunct Western State Government in 1969.

After her Master’s, she worked at Daily Times, a national medium owned by the Federal Government and following the completion of her doctorate, she moved from Daily Times to Concord Press of Nigeria to birth a newspaper with a distinct and different approach to mainstream news and tabloid journalism.

Dr Doyin Abiola, gentle and genial, soft

yet solid, inhaled and exhaled journalism. Breaking the news day after day, splashing shockers on the front pages and making sure that readers got the news of Concord hot very early at the newstands, were the goals that drove her to deliver the best copies to the market.

She was, indeed, a newsman, (as there are no women in journalism), trained for the job with an incredible passion for investigation and staying power for following up till the end of each episode.

Dr. Abiola’ s managerial expertise was unparalleled. Complementing Continued on page 46

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